Bitcoin Forum

Wall Street tumbled on weekend trade after Fed Chair Jerome Powell's speech in Jackson Hole (https://id.investing.com/analysis/komentar-hawkish-the-fed-buat-bursa-global-anjlok-bagaimana-ihsg-200237802), which signaled that the US central bank would continue to raise interest rates to tame inflation, dashing investors' hopes of a gentler rate hike path.
My question is will this have any impact on cryptocurrency projects

I think that you shall go to the CMC to see how real the impact from the bearish market that already happened with stock market. Even some rumours make situation in the crypto become so bad. I think that stock market has a very strong correlation with crypto for now. Anything that happened with stock market and then crypto will always be facing the same thing like that too. Remember that since so many big investors are coming to the crypto and that makes crypto always follow stock market.

Yes this will have a direct impact. If you watched the markets since the Covid bottom, you would have noticed that they trade side by side pretty much. Both of these markets peaked at pretty much the same time. So if the fed is still going to be raising interest rates, bitcoin and stocks will be sold off since they are risk on assets.

People will be putting their money into safer alternatives. Hence the reason why the markets have been selling off for pretty much entire year. When the inflation is lower, and fed is stopping the hiking, then it means the bottom has happened or its near. And then everything will start to rally again.

To the entire market, it did. Every time there's a result or news about the FED, the market reacts so much. And it's not only with the crypto market but also with the other markets.
Those traditional markets are also making their reactions and these are being played by the big players or whales. They know so much to the market that every single piece of news related to the FEDs, there's always this equal reaction to it and the same goes for the crypto market.

We are dealing with this bad markets for almost a half year now and probably we can say that global markets affects the price of cryptomarket same thing with the stock market. There's a lot of economic issues actually, and we really have to do something about it or else we are going to deal for a longer bear market. Though global market is slowly recovering after many countries already open their boarder since the pandemic, most probably early next year we are on a better position, but for now we have to be more patient.

Your account isn't new, so unless you have been living under a rock you should know that stocks most definitely have impact on crypto markets. We know this because it has happened many times in the past. But right now it could be even worse because this bear will be on whole another scale. Although i personally think we have seen the bottom when i look at the charts, we could stay here for a while because future is really uncertain as stocks react to world events and Europe is really volatile right now.

There’s a lot of factors that affect crypto market, and for sure the global trends can also be one of the factor. But if you are looking at the cryptomarket itself, you can see there’s update that much and the price of Bitcoin failed to break the resistance that’s why we are down again. Stock market problem also be a factor, many crypto investors are into stocks as well, this can affect their decision to liquidate their crypto for now and just buy again once the market hit the bottom.

Once the economy of bigger countries faces a bearish trend, we can see the impact on that in cryptomarket as well. The US economy for example are very vital in cryptomarket, we’ve seen a lot of negative impact as they face some economic problem. This bearish trend is an opportunity to accumulate, and it’s better if you do focus on good coins. The market will recover and this is just a temporary trend, the economy of many countries started to see some positive trend, this could be the beginning of a new bull trend.

It certainly will.  Just in theory less "profits" from other markets limits the amount of free capital they have to put money into fringe ideas like crypto (yes its still niche based investing).  Good global market good for crypto and vice versa in my eyes.

If you have been checking the overall markets, both crypto and the stock market are in a bearish state.
Both are completely different, in stock market you are investing in businesses that generate profit and you get dividends while crypto you dont generate profit while hodling if its not a pos coin.
This is why people are memeing people who are into crypto calling them "crypto bro's".

2023 could be worse and crypto market will be affected, we are still in a bear market and inflation may rise more in 2023, war is still ongoing and it looks like this will go on for a while, things aren't looking good and we will have a taste of it starting from September next month.

Admit it or not, crypto and stocks are somewhat correlated, so when stocks tumbled, crypto follow as what we have seen after this raise interest hike because it really doesn't sound good for investors. But for us, the more money is being printed then, probably some of it will go into crypto market. Not saying it's good to see it that way, money printing by the government, but they have to do something that sometimes it will benefit us.

And 2-3 days after the announcement, the price seems to level around $20k'ish. At least at the end of the month we didn't see below or new lowest low as what we heard others predicting. And altcoin market too might recovered next month.

For me yes, as you can see recently. It is like a global effect, it is on any market majority, not only in the cryptocurrency market but also in stock markets.
For me, during dumps, the percentage of dumps on cryptocurrency is much higher compared to stock markets, which seems natural as we all know cryptocurrency is more volatile and the volume or market cap is still low in the cryptocurrency market.

While it is possible that we have already seen the bottom or at least we got very close to it we never know what it may happen, the economic situation around the world is very volatile and if yet another event happened which destabilizes the world economy yet again then it is quite possible that the market could experiment another crash, which is I think something that no one in this market wants to see again because not only this makes us to lose money, this also means that the crypto winter will last even longer than what we thought.

True, we can't know the future, otherwise trading would be easy and at the same time impossible as it's a zero sum game. That's why i was using acronym "imho". But if we would go slowly even lower then before, it would drain rest of the hope from the markets and like you said, crypto winter would last longer then ever. And naturally some people want to cash out now because inflation is eating their income and they want to cut their losses. They will probably sell the bottom, or in best case scenario they can buy cheaper. But i wouldn't buy the dip if it would go lower then before, because it wouldn't be worth my time unless i managed to leverage trade it right with high leverage. But that would be more like gambling.

It should only affect the stock market but since it is said to be global then I think it will have some effect in cryptos and maybe this is the reason why we are going down again. It is normal that crypto can dump more because they are more fragile or volatile than a stock which is most of the time known to be a stable asset just like a gold but dumps are a good thing for accumulation before the rise or the bull happens again.

The overall market cap of crypto might be low for now compared to the stock market but time will come that it will grow and the price will be more stable which is still a good thing I believe? That way people now use their coin more in buying/paying.

The world of Cryptocurrency is very sensitive to existing news, especially those related to economic and financial news, it has often happened that news on this side will have a significant effect on changes in volume and price on the crypto market.

There is no need to doubt it because news especially with crypto market movements are really interrelated,
so I think it's important to follow the news because indirectly we also follow the development of crypto,
Of course we hope that in the future there will be good news

Well yes, is the DXY goes up, then everything else goes down. This is an opportunity to DCA into promising cryptos like ICP, CNDL, and 0xMR.

of course it will have an impact on crypto projects although not too much but I'm sure it's entirely because of cycles and the bear market that usually comes in a 4 year cycle that has been trusted from the past until later, so maybe that's one of the reasons that makes the market a bear

Yes this stock market will put very bad effect on price of Bitcoin which cause whole crypto market bear. Currently inflation rate is so high and overall situation is very bad . No one is in condition to invest big. Some analyst says that inflation rate may go up above 40% in 2023. If it happened then we will see big dump in crypto market also.

Wall Street news surely affects the US economy which counts as a dominant factor for global economic development. The downtrend in US stocks and top Indexes has side effects on related industries including crypto markets. Investors don't look for risky markets to invest in since the recession is on a global level. The point here is when an economic recession going on, don't expect a bull market on crypto markets. Probably, we will see another leg of the current downtrend unless the green screen turns on for Sp500 and DJI indexes, IMHO.

If the new bear market continues, then price volatility and awareness is higher when market price volatility is lower, it can create real change. There may be some potential disappointment in the apparent lack of movement, but make no mistake this creates greater market participation going forward. This is where we are today.

It is natural that investors are avoiding markets which they see as speculative and the market of cryptocurrencies falls into that umbrella, most likely the current economic issues we are facing will continue for a long time which means the price of bitcoin will also have problems to go up, still despite all of that we know that bitcoin still holds a great potential and it is just a matter of time until it manifest itself which is why it is a good idea to buy some bitcoin now and hold it until that day comes.

We're seeing the impact, the increase of the interest rates are showing how the US dollars is dominating the markets now. And just like the other markets, the crypto market has stumbled although for this day, we've seen a quick reversal and recovery.
I don't know what's with it right now but one thing for sure is that, we're able to see that crypto market is also being moved by the action that the fed has made.

even gold, which is considered a stable asset, is not immune from the impact of the Fed's rate hike, when the dollar benefits the most from the rate hike
other risky assets like stocks and cryptocurrencies are bound to have negative effects, rising interest rates make the usd stronger, investors will choose usd as a safe haven over other assets
i woke up and was quite surprised to see bitcoin rise above 21k, do you have any information that made bitcoin price go up so fast?

I don't have any information regards to the sudden rise of bitcoin. But we can have that conclusion that it's just the normal day for bitcoin that we get after going down that much.
It's the usual opposite that bitcoin does whenever it goes down too deep and then as it recovers, we're seeing that it's totally recovering a lot from that last dump it gets.
So, it's like the vice versa.

Nah, every market has their own different market cycle it's just that this time due to inflation they are suffering from the bearishness. And Bitcoin market cycle is usually 4 year cycle since that's the time when Bitcoin halving to start and after a months of that halving the people will slowly feel the effects of halving. It's all just about demand and supply.

Global stock market isn't immune to anything especially when their government continue to print money out of thin air that's the effect of making money.

It is true what you say, that my account is not new, and I have been in crypto for a long time since 2017, and I have stopped investing in the crypto world, because some of the coins I held or bought were lost in the crypto market , and recently I tried to restart to invest in the crypto market, I am optimistic that Bitcoin, Ethereum and several other Altcoins will bounce back even though Europe is currently in turmoil.

Even if you experiment that in 2023 it will be worse for the crypto market because the war is still going on or by some other accident that makes all of us lose money.
But I think positively that at the beginning of the year or the middle of 2023 it will be a great surprise for all of us, because in 2022 all dreams and hopes are blocked by the Bullish action and the economic situation around the world is very unstable. And I also believe that the crypto market will recover and increase more interest in 2023.

Difficult global economic conditions make almost all types of business and investment decline, this has happened in early 2010, then in 2018, and now it is repeated, the stock market is a real picture of investment conditions, if the red stock market is more than 3 months then it can It is said that there will be many more complicated problems.

This increase could recover most of the losses suffered by investors over the last six days.
Actually, when normal conditions should be when interest rates go up, the crypto market goes down. Currently being abnormal condition by inflation. So this interest rate increases to normalize the money supply, the value of fiat money will increase so that people's purchasing power grows

I hope that it will impact cryptocurrencies so that they can restart their rally and increase their prices so that people still playing stocks will see that cryptocurrencies can provide an opportunity for huge profits.
But it looks like it will impact cryptocurrencies, but we will not know what the impact will be and we can only wait until it happens.
Or maybe stock investors will start moving to cryptocurrencies because there is an opportunity for profit elsewhere.
And if that happens, cryptocurrencies will increasingly grab a place for investors and they will leave stocks ;D

The current global economic condition is truly extraordinary and it is beyond belief that there are so many problems that exist,
it makes the stock market and other markets go down,
we'll see what it will look like at the end of the year and hopefully the problem can be resolved soon

While unlikely it is also important to prepare ourselves for the very real possibility that the current economic system could fall in its entirely, this may seem to be almost impossible for those which do not know anything about the economy, but as far as I know that is something that happened three times during the 20th century, so I do not see how something like that could be impossible and I will expect that it will happen again, if I'm completely honest this is not something that I want to see, but it is a very real possibility and we must prepare for it.

Now is what recession look like in the global stock market, I don't think the stock market will have any impact on crypto, even if it has it will be good for crypto since the investor will move their try to move their money from stock to crypto. But the recession itself will have some bad effect on crypto if it's getting worse.

I think it will still be an impact that will be felt by crypto because we have seen that the movement of crypto is also influenced by what is happening in the world. Maybe it wasn't seen a few years ago but with the popularity of crypto today and investors in crypto also increasing, it will have its own impact on crypto. And if the recession in the stock market is more severe than before, it may also affect crypto and investors shift their funds to crypto. But hopefully, the impact experienced by crypto will not be too bad and crypto can still survive and even continue to get more investors from the stock market.

What does this mean for sure...?
will this have an impact on cryptocurrency projects? Sorry bro, because I am confused by your answer “In theory, less “profit” from other markets limits the amount of free capital they have to put money into fringe ideas like crypto”.
please explain so that the question with your response can be understood by other members.

It will have an impact we just do not know how big the impact will be, we must understand that while years ago the only ones that invested in bitcoin were people which believed in the technology, this tendency has changed during the last years and now we have more institutional investors than ever, and those people are holding stocks, so if the stock market goes down then they will have to gather cash from other sources to pay for what they need and want, and since cryptocurrencies are now part of their portfolios then it makes sense they will sell some to raise some cash, this will increase the supply available at exchanges while decreasing the demand and this is the perfect recipe for the market of cryptocurrencies to go down.

 crypto market are also in bear. There are always whales and exchanges that manipulate the market.  The same thing happens with the CPI report, as you log in and tell us that the interest rate is high and the market crashes or the interest rate is low.  CPI report also came in handy but the market still got dumped.

Everything is on the bear pressure. This is all because of the hike in the interest rate that is taking place at regular interval. Governments were under pressure to control inflation, but it looks like nothing give hands. This have made people to move towards cryptocurrency as a safe haven. The world was experiencing the bad economic situation, and pandemic made it even worse. Slowly there is recovery, and it is no more an immediate thing to change.

Correct, there is little doubt when looking at the charts that some level of correlation is now in place, however we also need to consider if that correlation will last forever, and as you may guess this is not going to be the case, when there is an economic crisis which affects the trust of the currency currently in place, stocks crash incredibly hard while assets like gold go up, and since I really think that bitcoin is better than gold it seems to me that bitcoin will go up massively in value if we were to see a crisis like that.

It's hard to tell what's gonna be the next trend in the crypto, as you can see that there are so many people who confusing about what kind of trend that will come next. The pump and dump are still remain unpredictable just like when bitcoin got a flash pump to the almost 21k and then dumped again hours after the pump happened which is very hard to predict if such thing will be happening. Crypto market was in the bearish market makes crypto so hard to increase

like what the first post says?  you can check on your own in Market Cap to see if there is significant effect on that matter.

the  movement shows no big deal after that speech so at least no effect for now? but lets see what happens in the coming days as the interest rates will continue to climb as the dollar also continues to increase its value against other currencies.

but if you knew what coins are you investing ?  then the trend is nothing because you understand what you are entering and what project you believe to see good outcome.
actually ? you don't have to predict instead all you need is to trust bitcoin and let it sit in your folio  because that will save your ass from losing.
actually maintaining at 19-20k isn't that bad at all mate.

There’s no manipulation because this is the reality, even bigger countries are also suffering from an economic crisis and they are doing everything to stabilize the whole market which I think is not easy at all. Cryptomarket is affected by this, many are worried for a longer bear market which I think is possible considering our current situation. Spare some cash for your liquidity and if you have some extra, I highly suggest to buy during bear market, the price are cheaper in cryptomarket and that’s a good opportunity to take. Global crisis might becomes worst though, decide on which market to enter and be patient while minimizing your expenses.

The crisis that is coming is probably going to be way worse than the one we saw during 2007 as now it is going to be global in its nature and all countries have so much debt that now they will not be able to do much to stop the markets from crashing, and while it is not going to be the end of the world as some economists make it seem, it is also important to keep in mind that things will get really bad before they improve, and as such any measures you can take before the crisis comes in full force should be taken right now, before it is too late to do anything to protect yourself.

It's only natural that the crypto market is falling so deep right now, because a lot of negative things have happened this year. Such as the pandemic
that has not ended, war broke out, inflation rose and the LUNA dumped suddenly, all of that puts pressure on the crypto market, so as you said it
doesn't make much sense for the crypto market not to be affected. Therefore, the current bear market is not without reason, that's why I predict
that the current bear market will probably last for quite a while. But it doesn't matter how deep the crypto market falls, as long as we buy and
hold potential coins everything will be fine. So instead of panicking and thinking about when the bear market will end, it's better to look on the positive
side that now is the right time to collect coins that we consider potential. I highly recommend for now to buy top coins such as BTC, ETH and BNB,
then we hold in the long term.

Global economic crisis will be making so many people try to sell and liquidate their assets for cash. This time people prefer to hodl cash rather than owned assets in their hand. It can be seen from how many people are still feeling panic rigft now. I think that this time anyone used their cash carefully. They will not try to rush to buy anything in the stock market or crypto market. that's why the price of bitcoin is quite stagnant at this moment caused by that.

many people thinking for their safety as it's very risky to play in bearish season, so it's not surprising why they preferred cash or they rely on stable coin than keep holding an asset which very affected on the situation.  No one wants to lose money so better to be smart enough.

Yeah this really crashed Turkish stock market as well. As response to OP, it obviously affects cryptocoin projects albeit they may seem not vulnerable by people. Bearish financial weather means people consuming primary goods and buying flats in general. Noone will finds perfect opportunity invest in markets at this situation. In my opinion its best to keep trading old altcoin projects, new ones will be very risky to invest.

Actually in any market conditions we can use it to make a profit,
with bearish market conditions i think this is a good time to buy some potential coins,
most importantly we have to be wise in making decisions and keep doing research first

Crypto will always become the same thing like stock market. People are seeing crypto pretty much the same like stock and that's why anything that happened with stock market will be directly affecting the crypto market. I just wanna say that if you must also realize if everything got affected.
It's not only bitcoin but stock market even exchange rate for fiat money into the USD is also falling so hard caused by interest hike by the FED

The day that Ukraine and Russia ends their war will bring a massive reaction to the market either stock or crypto, the reason why we are in extreme fear right now is because of this war and 2023 looks even more scaring too, this war needs to end first.

Since the first war has always brought a catastrophic economic crisis for the country and also the whole world. Stock market will be very difficult to recover from this incident. This kind of war is difficult to control even though everyone has criticized it through the media, but still to no avail. Russia and Ukraine have power bases of allies of elite countries and this may take a long time to end.

both of them have their own interest from this conflict , economic part be the main factor it Will hard to end with peace. Especially Us that take advantage from this escalation , as id they send military aid meanwhile it just selling their defence system'.stock or other finance market get the bad impact , as we see today market crash due inflation that caused this war.

Not sure why this post is flagged as spam or harmful, it's pretty straightforward. Inflation continues to rise across the world and long term, it looks like the only way to beat inflation is on high yield staking platforms like MAXX finance or HEX. HEX provides and APY of up to 39% and MAXX a fixed APY of up to 88%.

hopefully it could ended soon ,we must pay expen sive cost due this war, humanity was ignored and alot victim from cicil.supply stock and oil distribution disturb and it cause high inflation that make all finance market crash for long term . We need resolution to stop all of this and no more child or old be victim due leader egoism.

Things like this have often happened in the past and of course the consequences will have a bad impact on the economy. Both are European countries that should be an example of peace for other countries, why are they reluctant to learn from history that war will only bring misery to everyone. Maybe my message is to make love, not war and peace.

The economic recession has made many things negative, we are entering a difficult period so we must always be vigilant, long-term holding at this time is also a risk because of estimates from experts that a bear market will occur for a long time.

Everything became even more difficult right now. I meant look at how market was always giving negative reaction during this time. A small pump means nothing as it will be dumped back again. The bearish market may still stay until the end of next year when so many countries are starting to wake up from the crisis that happened before. The current crisis can't be fixed easily.

its really confusing ,alot traders feel market bullish when see price pumped. We must becarefull at current situation due alot fake pump happen recently. Global economic still unstable due war escalation which so far there is no solution yet. As trader we must take every opportunity that occur in market as short term trade.

It is quite volatile nowadays, sometimes the stock market goes up 2 or 3% and the next days, we are down again. I bought already some stocks that were on my wishlist but will keep some cash if the market drops with another 15 to 20%.