71.4k 
-
Comment -
That's what I'm hearing, Jake. Sentiment seems to tie a Trump win to BTC price going north.Where's the fuckin power box, Carol?Comment -
If not next week, then soon. Trump's kids involved in crypto. Elon Musk and RFK Jr. like crypto. We are in for a huge run.Comment -
Bitcoin all-time high = $73,750.
Getting very close!
Where's the fuckin power box, Carol?Comment -
What happens after the election?
Pundits have chimed in with a range of predictions for the post-election period. Tyr Capital CIO Edouard Hindi cautions that a sell-off could occur no matter the result. "Profit-taking could weigh on the price of Bitcoin in the days following the result announcement," he said. Standard Chartered tips that Bitcoin will fall if Harris wins but will still end 2024 at fresh highs around US$75K (A$114K). If Trump wins, it predicts a 10% rise within a few days, and if Republicans sweep Congress, then it will be US$125K (A$190K) by the end of the year. Meanwhile, Matthew Sigel, head of research at VanEck, told CNBC that Bitcoin may be repeating the pattern of the 2020 election, when it surged 120% between November and the end of the year. "This is a very bullish setup," Sigel told CNBC. "We saw the exact same pattern in 2020 when Bitcoin lagged with low volatility and once the winner was announced, we had a high vol rally as new buyers came in."
Trump's odds on Polymarket
While opinion polls are essentially 50/50 and within the margin of error, meaning either candidate could win, much of the crypto industry seems convinced of a Trump victory. Polymarket forecasts a 65.9% chance of Donald Trump winning the Presidency, while rival Kalshi has him at 62%. Polymarket hired outside investigators to track down a French man who has reportedly bet more than US$30 million (A$45.6M) on a Trump victory via four linked accounts. It said it found no evidence of market manipulation and that the trader was just "taking a directional position based on personal views of the election." Meanwhile, the New York Times claims that only US$100 million (A$152M) is currently wagered on the outcome of Polymarket, which is a much lower figure than the US$2.2B (A$3.3B) in volume for the market. The volume is because traders can buy and sell open bets after the odds change. And Robinhood has just announced it is opening up betting on the election to US residents.
(from Independent Reserve newsletter).Comment -
https://x.com/basedkarbon/status/1850952783798624668Trump is flirting with the idea of making crypto tax freeFrom a recent interview:"They have them paying tax on crypto and I don't think that's right. Bitcoin is money and you have to pay capital gains tax if you use it to buy a coffee? I was talking with a friend he said 'it really shouldn't be taxed' and I agree. Maybe we get rid of taxes on crypto and replace it with tariffs. No tax on crypto but only on tokens made in the USA. We want tokens made here at home, we don't want the Chinese tokens. We say get those Chinese tokens out of here."Comment -
https://finance.yahoo.com/news/trump...203249620.htmlWorld Liberty Financial, former president Donald Trump’s crypto venture, launched its native token earlier this month, and now is reportedly planning something more ambitious: its own stablecoin, which can serve as a stand-in for the U.S. dollar, according to Decrypt.
Stablecoins, a type of cryptocurrency pegged 1 to 1 to the value of a fiat currency like the dollar or euro, have become wildly popular over the last three years. If the report about World Liberty, published on Monday by crypto publication Decrypt, is accurate, the World Liberty team would be joining the likes of PayPal, Coinbase, and Robinhood, all of which have or are developing their own version of stablecoins.Comment -
Raiders, as the resident Bitcoin expert, a few questions:
1) Do you think Trump swung borderline voters with his pro-Crypto stance? If so, how many?
2) It does make sense that Bitcoin transactions in theory shouldn't have Capital gains. Capital gains apply to profit from the sale of Stocks. If Bitcoin is deemed to be "money", then you don't tax "money".
...Reality is that I don't think Crypto tax is a big issue. Right now, Bitcoin veterans view it as HODL and hold tight. Bitcoin won't be used much for purchase in the near future. You don't tax Un-realized Gains.
3) Do you think 73,400 was a natural resistance level for Bitcoin? Makes sense that you get a small pullback when re-tracing toward ATH.Where's the fuckin power box, Carol?Comment -
I really don't know how many switched over to Trump because of crypto. I'm definitely pulling for a Republican sweep. 25% of the people own crypto and many of them have BTC in their retirement accounts. Both parties switched to pro crypto for this election.
My best guess is that there will be a dump a day before the election and then we'll go on a huge run. A republican sweep and $200k isn't out of the question in 2025. Trump is going to do everything possible to make the US the Bitcoin capital of the world.Comment -
make the US the Bitcoin capital of the world.
*Trump is bright if he does that. Some country (other than El Salv) is going to do it.Where's the fuckin power box, Carol?Comment -
Where's the fuckin power box, Carol?Comment -
Like this guy. Dot Krueger:
Where's the fuckin power box, Carol?Comment -
Pretty optimistic going into this week, boys:
*The historical fractals show that the days b4 the election represent a trough.
...Do as you see fit.Where's the fuckin power box, Carol?Comment -
$250k by 2026.Comment -
SOL, JUP, WIF all on fire. Solana group.Comment -
We need a Republican sweep.Comment -
Holy shit. 74300
Where's the fuckin power box, Carol?Comment -
damn, what do we do tomorrow or this weekend with bitcoin. Just checked. most ive ever had by farComment -
Ath !!!!!Comment -
MMCrypto (blonde guy) is a scammer.
Da Vinci was good in early era but now he is shilling shitcoins.
Stay away from crypto influencers or you'll lose money.
We're approaching the final phase of bull market. Last 3-4 or maybe 4-5 months. Don't forget to take profits along the way.
Next bear market will be BRUTAL.
PS: There's a chance bull market may be extended 'til October 2025 but we need bitcoin to slow down little bit. I can't see Bull run lasting more then 6 months at this pace.Last edited by Sawyer; 11-08-24, 01:13 PM.Comment -
Hey, Jake. Thx for the reply. I think it's a tough question:
*Davinci is friends with Keith (The Moon).
...If you believe these guys, they hold a TON of Bitcoin.
...If that's true, part of their motivation is to pump it up.
*I have posted an old Davinci video.
...He was the first guy to ever post a Youtube video advocating investment into Bitcoin (in 2011).
...Bitcoin started 2009. So, that's very early. If you believe the video, Davinci purchased BTC at < $1.00.Where's the fuckin power box, Carol?Comment -
77,200. ATH again. Will this be a daily occurrence?Where's the fuckin power box, Carol?Comment -
I agree that the highs and lows will tighten after this run. I think we are still in for one more huge run. The US and German governments selling hurt a month or so back.Trump can't go back on his bitcoin promises. New legislation should be bitcoin friendly. If the US starts buying and storing bitcoin, the price has to go up. Elon, RFJ Jr., and Trump's kids all love bitcoin.Comment
