Quote from: Moreno233 on Today at 05:00:12 AM

Quote from: Btcdeybodi on Today at 04:06:06 AM

You've made some good points here because ever since the news about Donald Trump acknowledging Bitcoin in some of his speech has also made the price of Bitcoin experience some significant gains lately since the price movements relies on several factors which means for the fact that Donald Trump who was a previous critics of Bitcoin is now coming open to say positive words about Bitcoin even to the extent of having the intentions of declaring bitcoin as a strategic reserved asset as seen in this link https://www.investing.com/news/cryptocurrency-news/trump-potentially-declaring-bitcoin-a-strategic-reserve-asset-seen-as-a-watershed-moment-3525595 and even chooses a pro-bitcoin activist J.D Vance as his V.C so all this are some of that factors that helps to boost the awareness of Bitcoin the more so I quite understand the angle you are talking about because it's not as if Bitcoin depends on political influence but they are part of what increases the fame of Bitcoin and more people begins to consider to invest in it.

I think people are not really paying attention to how much global politics can influence the price movement of some assets including Bitcoin. It may not be all that drives the market but market do respond to those news due to market speculations and uncertainties. So political news impact on the market but usually dissipate quickly most times, hence the reason I consider it as a tool for short term traders.

while global politics works hand in hand with demand and supply which is the core factor responsible for Bitcoin price movement, it's worthy of note that it's not just about global politics but global politics that affects Bitcoin in a way. If Trump was neutral about his view on Bitcoin, it wouldn't be looked at as a big deal that his chances of winning election is becoming high and that it will have an effect on Bitcoin price in some way. We've practically seen a lot of ripples and speculation going around as a result of Trump's view on Bitcoin but like you've said already, it's just a big thing for traders and individual that are short termed in Thier investment. If you're a long term HODLer, along your accumilation stages, a whole lot of event will play out that will affect the whole demand and supply framework which has been what's responsible for the bulls and the correction we've been seeing on a regular bases but they are all combined recipes that comes with Bitcoin accumilation. Regardless of the effect of the current global politics, you still continue to DCA and never get tempted to sell too soon even when it causes us to experience a new ATH sooner that expected.

Quote from: Moreno233 on Today at 05:00:12 AM

As a long term investor, the news might not make much difference to us unless when we position ourselves to take advantage of whatever the market throw at us after the news. For instance, if the market dips after the news release, it becomes an opportunity to buy more but if the market pumped after the news, it becomes an opportunity to hold tight. So we can learn to make good use of the news but it is definitely not a time to panic or sell.

so in essence, Global politics will come and go and it effect might be visible or not but the consistency on our accumilation will always remain.