The American elections and their impact on the market

[Mouhadheb 196]

Sure, we all know that US President Donald Trump has a negative view of Bitcoin and has stated on his Twitter account that it is a bubble. Today I wait for Democrat Joe Biden to win and expect he will, unlike his counterpart, endorse blockchain technology. Will there be a boom coming with Trump leaving the White House?

[Teminali69 1081]

12 minutes ago, Mouhadheb said:

Sure, we all know that US President Donald Trump has a negative view of Bitcoin and has stated on his Twitter account that it is a bubble. Today I wait for Democrat Joe Biden to win and expect he will, unlike his counterpart, endorse blockchain technology. Will there be a boom coming with Trump leaving the White House?

In that case for as long as trump is done and considering America has a great impact to the world crypto growth would meet another phase.

[Mouhadheb 196]

3 minutes ago, Teminali69 said:

في هذه الحالة ، طالما أن ترامب قد انتهى ، وإذا أخذنا بعين الاعتبار أن أمريكا لها تأثير كبير على نمو العملة المشفرة في العالم ، فإن ذلك سيقابل مرحلة أخرى.

I would also have good expectations if Joe Biden win🏆

[Ridam 7455]

13 hours ago, Mouhadheb said:

Sure, we all know that US President Donald Trump has a negative view of Bitcoin and has stated on his Twitter account that it is a bubble. Today I wait for Democrat Joe Biden to win and expect he will, unlike his counterpart, endorse blockchain technology. Will there be a boom coming with Trump leaving the White House?

The Market is bullish right now, The stocks had also done great as the Nasdaq ,S&P 500 is also pumping. And so in Crypto the Bitcoin is at 15.6k which is really good sign and I'm hoping for ATH this time. We may see small dump sooner but after small consolidation at that area the price will break ATH. And also altcoins are also booming. We do have positive results on Crypto right now 😊.

[Cryptomint 433]

Its do nothing with the cryptocurrencies world its impacted a lot in past but in this year the Bitcoin remain same. And do not dump...

[cryptovlek 2597]

I was always sceptical that the result of any american elections would have any decisive impact in the markets. Biden won and Bitcoin is up, but this doesn't mean anything. What we expect is usually not what happens and any government decision of the USA it will be to defend the dollar and the banks and if they have to take down Bitcoin and ban or regulate to make it unusable they will do that.

[zhoutong 2188]

Whatever happened happened. Trump lost the elections and it wasn't about Bitcoin at all. Do you think that Biden will ever tweet in favor of Bitcoin and show sympathy for the Bitcoin investors? What is clear is that banks will be a decisive factor in how everything will play out. Some like Bitcoin for now but they may change later.

[Sykkuno 2887]

The impact in the market was coming from before the elections, as there was a climate of investing opportunity into Bitcoin since the summer of last year, with many new investors appearing out of nowhere and investing hundreds of millions, something that was probably the first time for Bitcoin to witness, the volumes were extraordinary and helped Bitcoin to reach double from the previous all time high. 

The American elections had nothing to do with this.

[tienda 8776]

I'm not sure the impact on the market because of the America election, this happened before the election and this happened because of the pandemic touched all economies around the world. The Bitcoin it's not affected and improved its price value, because it's out of control and traditional system. 

[velasco19 1753]

I do not think that the elections have been a determining factor, although what happens after Biden takes the position of president is a different story, recently they are talking about incentives to citizens, but that would be printing more money and devaluing the dollar, In that case, cryptocurrencies would benefit from the need to find reserves of value in the face of possible inflation.

[bogdanoff 3173]

As usual the elections were going to affect everything and they didn't do anything. Since the Trump supporters thought that it would be a crash for Bitcoin why it went to new ATH then? I never got interested in politics but sometimes I don't like reading something that doesn't have solid basis. Bitcoin is above any government.

[Serbberq 724]

Yeah,  now that final trump lost to biden is USA election, we hope biden should have good thinking about  blockchain technology and also promote using cryptocurrency that other countries that imitate from them to also adopt cryptocurrency. 

[glory50 1259]

@Mouhadheb @Mutivo @velasco19 @Serbberq @Bogdan Galimov

Well the elction fever really has become on thing  or the other , so to me this is one thing to establish when it comes to really get it  , there are so many people who have seen hope when the regeme of trump just ended and it has been something so powerful really powerful that it encouraged the investors and the market went up this is really important that we are able to find that key which is important for us

[P A Ashif 2409]

Actually any major event taking place in the world have impact on crypto market directly or indirectly. The change of president in US has also played a major part in the market. Companies tie up with Biden will rise now. All big countries have a role in market. In calamities and pandemic time usually the prices of stocks go down. And as now covid 19 is calming down we can see how market is jumping high. 

[abohasnn9 2401]

My friend, it is very normal for a great country like the United States of America to influence cryptocurrencies, so when elections are normal, any matter that affects the cryptocurrencies due to the fact that the central currency platform, the blockchain platform is of American origins, is definitely the first to be affected. All currencies Thanks

[M Shahmeer 331]

Yes there is positive change in Cryptocurency 

Changing of government will effects Cryptocurency 

Because it is clear that If government will be supportive towards Cryptocurency then Cryptocurency price will be higher and will have more value 

As you know blockchain platform is in America 

So it effects Cryptocurency 

Big countries plays really important role in development of currency 

[Farukatie 1271]

Yes dear friend due to American elections and changing of president there will be effect on cryptocurrencies. because in many ways cryptocurrencies depend upon cover points if the government of any country is positive then people would interest to invest in cryptocurrency and in this way the price of of cryptocurrencies becomes higher and they becomes more popular.

Edited January 13, 2021 by Farukatie

[Samotokika 1780]

Dude if the new President is showing interest and consider it legit then there would be a good chance to be popularity of cryptocurrencies. As the more people are going to be invest in cryptocurrency and in this way it will become higher valued

[Shaza Ahmad 1682]

The US election period was a difficult period for the stock market and crypto, and the crypto market was more volatile at that time, but what is new about that, the crypto market is constantly fluctuating, but the difference is that that period was very bearish.

[kryptonick 2659]

On 11/5/2020 at 7:00 PM, Mouhadheb said:

Will there be a boom coming with Trump leaving the White House?

Clearly there has been a boom in the cryptocurrency market but I wouldn't say it had to do with elections in any country, even if this is the top economy currently. Trump left, made a schene at the Senate and even lives were lost for a foolisness. There are some people that have a very distorted idea about what elections in the USA will do to markets and clearly have no idea about economics and how the market works in cycles.

[Whited35 15285]

Political news are also responsible to divert or influence the direction of cryptocurrency markets. Maybe, you have also seen the bullish cryptocurrency markets around the US president's election date. As the community based market of most of the cryptocurrency, the common psychology of the average investors, is highly sensitive with the geopolitical news.