Quote from: yayayo on June 09, 2016, 07:55:37 PM

A prime example of entirely selective interpretation of cause and effect. I think the US election is one of the least significant events that could have something to do with Bitcoin's price performance. Although the public does pay attention to the value of money in their pockets, it is generally not too eager to change attitude based on political speeches alone. A true change of mind can only be expected when people feel the effects of inflation (caused by monetary policy) in their pockets.

Also one has to consider that Bitcoin is not entirely dominated by US users. Especially the Chinese have a big impact on the Bitcoin economy.

I think that the Halving will have a far greater impact on the near-term Bitcoin valuation than any political event of any kind. But even for my claim I cannot offer proof of a cause-and-effect relationship in case that there is a price increase, because all data available are purely correlational.

ya.ya.yo!

This is spot on. Most people tend to assign a single causality to outcomes.. when in reality its far more than just one simple thing.