|
Title: FOMC Statement - short-term impact on BTC Post by: A L I E N on December 18, 2013, 06:43:04 PM If the Fed announces it will taper its bond buying program, will the reduction in excess liquidity negatively impact BTC in the short-term? Title: Re: FOMC Statement - short-term impact on BTC Post by: humanitee on December 18, 2013, 06:44:06 PM If the Fed announces it will taper its bond buying program, will the reduction in excess liquidity negatively impact BTC in the short-term? What time is the announcement? I wonder what cypher thinks is going to happen... I'm guessing no taper. Title: Re: FOMC Statement - short-term impact on BTC Post by: A L I E N on December 18, 2013, 06:45:22 PM If the Fed announces it will taper its bond buying program, will the reduction in excess liquidity negatively impact BTC in the short-term? What time is the announcement? I wonder what cypher thinks is going to happen... I'm guessing no taper. Top of the hour ~15mins Title: Re: FOMC Statement - short-term impact on BTC Post by: humanitee on December 18, 2013, 06:47:26 PM If the Fed announces it will taper its bond buying program, will the reduction in excess liquidity negatively impact BTC in the short-term? What time is the announcement? I wonder what cypher thinks is going to happen... I'm guessing no taper. Top of the hour ~15mins Gracias. I think either way it has little effect on BTC at the moment. Title: Re: FOMC Statement - short-term impact on BTC Post by: adamstgBit on December 18, 2013, 06:48:02 PM omg *hits market buy*
Title: Re: FOMC Statement - short-term impact on BTC Post by: A L I E N on December 18, 2013, 06:51:27 PM Should see some volatility in BTC price since the USD will have some larger moves.. Title: Re: FOMC Statement - short-term impact on BTC Post by: solex on December 18, 2013, 06:52:11 PM The Bernank leaves soon, so he is fantasizing that he will be remembered as a sound money-man. The only straw left to do that after 8 years of financial debauchery is a tapering of money printing. Expect it to be dropped from $85bn to about $75bn per month, but it won't last as Yellen will open the taps with a vengeance next year.
$10bn is, of course, nothing in the great scheme of things, less than the planeload of cash which was left at Baghdad airport for the vultures before now. Title: Re: FOMC Statement - short-term impact on BTC Post by: A L I E N on December 18, 2013, 06:56:20 PM The Bernank leaves soon, so he is fantasizing that he will be remembered as a sound money-man. The only straw left to do that after 8 years of financial debauchery is a tapering of money printing. Expect it to be dropped from $85bn to about $75bn per month, but it won't last as Yellen will open the taps with a vengeance next year. $10bn is, of course, nothing in the great scheme of things, less than the planeload of cash which was left at Baghdad airport for the vultures before now. I was thinking a similar amount. But the idea that tightening has started might have an exacerbated short-term impact in the markets. Title: Re: FOMC Statement - short-term impact on BTC Post by: A L I E N on December 18, 2013, 07:02:12 PM FED TAPERS QE TO $75 BLN MONTHLY PACE, STARTING IN JANUARY FED SAYS `FURTHER MEASURED STEPS' POSSIBLE ON TAPERING FED: EXCEPTIONALLY LOW RATES UNTIL JOBLESS FALLS WELL PAST 6.5% Title: Re: FOMC Statement - short-term impact on BTC Post by: humanitee on December 18, 2013, 07:12:52 PM The Bernank leaves soon, so he is fantasizing that he will be remembered as a sound money-man. The only straw left to do that after 8 years of financial debauchery is a tapering of money printing. Expect it to be dropped from $85bn to about $75bn per month, but it won't last as Yellen will open the taps with a vengeance next year. $10bn is, of course, nothing in the great scheme of things, less than the planeload of cash which was left at Baghdad airport for the vultures before now. I was thinking a similar amount. But the idea that tightening has started might have an exacerbated short-term impact in the markets. You guys are clairvoyant! Title: Re: FOMC Statement - short-term impact on BTC Post by: dopamine on December 18, 2013, 08:49:42 PM Sad to see people panic sell BTC and not fully understand real economic problems... the price of BTC is undervalued even at the all time high.
|