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WARNING: Don’t Even Think About Buying Bitcoin Before Election Day – You’ll Lose Your Shirt

BitcoinCrypto News 1 Kevin Nelson September 9, 2024

A comic-style illustration depicting a rollercoaster with steep drops and sharp turns, representing bitcoin's volatile price fluctuations. The coaster is shown plummeting downwards as it approaches the 65-day mark before election day, symbolizing potential losses for investors.

The eternal optimism of crypto enthusiasts never ceases to amuse me. They’re convinced that this time is different, that bitcoin will somehow magically defy its history and surge ahead despite the election outcome being far from certain. Newsflash: it’s not 2017 anymore, folks! In fact, if you look at the last two presidential elections in the US, BTC only showed substantial appreciation after the dust had settled and a winner was declared. And even then, the peak of each bull cycle occurred roughly a year post-election – hardly a reassuring trend for those hoping to cash out quickly. But hey, what do I know? Maybe this time will be different… maybe bitcoin’s value won’t tank in 2024 like it did after Trump’s victory in 2016 or Biden’s win in 2020. Stranger things have happened, right?.

Source: bitcoin.com

US Election-Year Bull Runs: How Bitcoin Historically Surged Post-Victory
https://news.bitcoin.com/us-election-year-bull-runs-how-bitcoin-historically-surged-post-victory
With just 65 days remaining until the U.S. presidential election, bitcoin wrapped up August with an 8.6% decline compared to where it started the month. Historically, in the last two election cycles, bitcoin’s value has only shown substantial appreciation after the election had ended and a victor was declared. On Sept. 1, 2024, bitcoin (BTC) hit an intraday low of $57,230 per coin. With the election season coinciding with BTC’s […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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