If biden is inaugurated or if Trump is still president or if military declares Marshall law or something and there is no president. What do you think will happen to the price of bitcoin in each of these scenarios?
If that rumor floating around that Trump is abolishing corporate America is true then the price of bitcoin compared to usd would immediately skyrocket. Imo.
If biden is president bitcoin would probably not change much in the short term but long term would definitely increases in price vs usd.
If Trump is president. Bitcoin may drop heavily.
I sold mine last week (3x gain from 10k) on the opinion It's time for a correction plus government may try and increase regulation on cryptos after some French guy sent a few of the capitol hill rioters and other right wingers (media words not mine) large bitcoin donations.There have been articles about it.
Bitcoin lost its charm long ago when "futures," aka fiat Bitcoin came out. I dumped most of mine in 2017, then a little more last week. I'm going to hold a few units as i think it will balloon up to $100k by the end of the year. But there's far too much central bank and China meddling in BTC now. If it's allowed to continue blowing up in price, and everyone cashes out, it would absolutely destroy the dollar and other currencies. I sense some sort of major disruption in blockchain technology in general by the end of the year too. Just be happy if you're one of us "conspiracy theorists" who got in around 2012 or earlier and are living happily ever after now. The run is over after, IMO, close to $100k by the end of 2021.
How can you even afford bitcoin at these prices now? i would like to invest in some type of coin, but i have no idea what to buy?
If you're looking for "lottery tickets," XRP and XML (Stellar). Bitcoin was no risk, high reward before 2016. Now if you're wealthy, sure. Buy up $1 million worth and hope it triples. But BTC is no longer an intelligent buy for regular folks.
I would argue BTC is getting more dangerous. Big corp players own whale amounts now. They CAN manipulate the price, but conversely, if individuals latch on it COULD stay a decentralized currency acting as a hedge versus any unilateral currency manipulation by bad actors.
People ARE ready to buy the dip.. But if they can get BTC in freefall for a couple hours it would likely be anarchy, -pissed off investors, lawsuits and rationale to legislate cryptos into illegality.
China and India use bitcoin many they are huge countries. While the USA has some clout, the others can’t be ignored.
That’s said, Bitcoin seems manipulated so it’s a guess.