I don’t get it.
#Bitcoin price action is slight negative if people think Kamala Harris is going to win.
But wouldn’t you want Bitcoin if you think she’s an evil commie? Wouldn’t you want resistance money?
And if Trump wins, and you think he’s an evil fascist, wouldn’t you want resistance money?
I honestly feel so disconnect from these fiat games and politics with Bitcoin. Jesus, just buy Bitcoin not matter what! Stack it, hold it, save it, use it. It’s not rocket science. It will be good for you, no matter what your background or ideology is.
Kamala wins => more devs going to jail
Trump wins => more Bitcoin affinity scams.
Even though you're right, the people moving the price currently don't see Bitcoin as resistance money.
Typo city here, jesus I’m tired 🤦🏼♂️ 😂
Resistance money doesn't make it to be the global reserve asset without a huge fight.
Trojan horse money becomes the global reserve asset easily. Trump was angling Bitcoin towards less political resistance which is why it's been positively correlated to him.
There is likely increased fear because she has been farther left than Warren and we’ve seen through the anti-crypto army, operation chokepoint, vetoing sab121, etc that they are not interested in embracing the industry.
She has had numerous chances to show she won’t completely continue attacking via all of the orgs that have started up and she hasn’t even given them time of day — that is a rumored 50m voting bloc.
Seems pretty easy to see why it may dip a bit.
Looking for good references for noobs getting into Bitcoin. Have any references?
noobs should not be getting into bitcoin. Using it sovereign on chain makes high fees a problem and using it unlightening in most cases picks it custodial and therefore a problem. Monero is where the real work is
True. But most still think in fiat terms and then it helps when a potential president would support/talk about btc. But trump is a shitcoiner and only interested in his own personal gains. Regardless, just stack, save, send and spend and we’ll be good.
Max pain is always the correct predictor
It's that simple! Stack sats
You are right, we should do the same
It's not so crazy. Some americans are afraidnof jail under Kamala.
I think people have seen how anti-crypto Biden's administration has been and are concerned we will have 4 years of the same Operation Chokepoint if Kamala gets elected.
i'm happy to take the cheap sats 🫡🤗
I am a much calmer person owning bitcoin.
On point. The situation is a mess and no matter who comes out on top - more chaos will be introduced. Bitcoin is very important in such moments.
They are not correlated, that news and that price action.
News comes out when the chart is right, not the other way around.
As long as we are still the "echo-chamber" it's normal you don't get it. I don't get it neither. We keep stacking & we see from there. Or maybe the financial games with the etfs have started & the price ripping days are really over (cfr gold etfs)...
I feel you. And owning BTC is obviously amazing advice for those who are willing to hear you. Don't be disappointed in the market though 😄
The market is a mix of mostly manipulated and a little free he and there. Often times vocal Bitcoiners make fun of them, but I have big respect for all the serious traders and analysts out there, who are trying to figure out how this current financial market mess is really working 🙏
In short: Bitcoin is still perceived as a risk asset by most 'investors', not safety and self responsibility.
Then why do you care about price action?
I'm a simple man. I see cheap bitcoin, I buy.
Who am I kidding. I've long run out of fiat.
yep just stick it!! Politic doesn't matter. The establishment always want both parties looking bad. This is their intention. They don't want citizens to be helpless voting for lesser evil. I vote Bitcoin and I'm hopeful for the future 🧡🧡
#bitcoin is neutral.
Neither red or blue, neither commy nor libertarian.
Bitcoin is for everyone, no matter if you like them or not.
Whenever politicians talk about bitcoin (superficially), be sceptic. Let's not get coopted
I think price action in this context has a lot to do with regulatory clarity. Trump's policy is known and public. Harris' is not, but we can assume it's out of the Warren playbook.
I'd tweak that slightly. We have to assume Kamala's policy might be similar to Warren's, until she articulates her position.
We don't know who is going to win the election. But once it becomes more clear which side wins, the fake data goes away and the real world economy issues are going to appear. Then we see how Bitcoin really performs in a recession / depression. And there are people who think it won't take it well. Also others who need to sell to deal with margin calls and the like.
This!
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Agreed. I always want resistance money. Actually, it’s the only money worth having. Yesterday.
the endgame feels the same regardless
All else equal increased taxes, increased regulations, and increased chances of jail and punitive actions for people and companies in the space will make BTC less valuable to normies. Now likely money printing will more than offset these, but they are legitimate concerns. You can’t opt out of the government saying give me X% of your shit or we are throwing you in jail.
We are just early. There is so much work to do. Bitcoin is resistance money and it is succeeding. It's difficult for us to see because we process information and desires on a daily basis. Bitcoin has a longer time span. Right now fiat waters are making everything feel choppy. Zoom out. Five years from now today's price won't matter. That's the message we need to share.
it does not matter on long run. #Bitcoin wins. ⚡📈🚀🧡
People who complain about bitcoin problems aren't using it correctly.
Yes, you can use it however you want, but don't complain when issues arise due to incompetent usage. Bitcoin was created to bypass the state/central banks. Period. Any other use is asking for trouble.
I wouldn't fall into the bias of reading too much into the price action.
No deberíamos afirmarnos en la profunda filosofía de Bitcoin?
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