Question to the Veterans: Does a FED-Meeting influence BTC price a lot?

[Dr Bloggood]

So today, uncle Benny and his friends decide about tapering again (if you ask me, for sure no taper, because there is no way they could afford it; increase of QE in 2014 for sure!).

Anyways, I haven't followed the BTC-price for that long - can anybody who has been following it for a while tell me whether it short-term influences the BTC price a lot (as it does with gold, stocks, etc..)?

[Bitcoinpro]

Yes underlying trends in coin also seem to follow tapering but its barely noticeable over the gigantic price

rise if the fed did stop printing it could actually start a stronger feedback loop for the price of Bitcoin, id say

the semi tapering effect is perfect for everyone involved.

[Dr Bloggood]

I mean, for example, at the last meeteing and the one before that - did BTC react strongly immediately like gold and stocks usually do?

You either see that in the charts seconds after the announcement is made or you don't.

Reason for my question is that I want to buy today and I think I have to do it before the FED announces their decision.

[bitpop]

No not many professionals here yet that trade the news like forex

[Jcw188]

Sorry, wish I knew the answer too.  To me, it seems like maybe the price of BTC has been going up because there is so much fiat sloshing around in the system.  So, if the Fed tapers, maybe it would hurt the price of BTC?

[LiteCoinGuy]

in my opinion it has no significant influence at all. btc is tiny. price goes up when people adopt it.

[porcupine87]

in my opinion it has no significant influence at all. btc is tiny. price goes up when people adopt it.

+1
Or when the Chinese ban it. A signal about the legal issues or a signal for adopting (when the CEO of Ebay says he has a strong eye on Bitcoin) affects the price more than the printing maschines of the FED.

[Dr Bloggood]

So we have the answer - today, it didn't affect the BTC price the tiniest bit. It also affected gold and stocks little today though.

Oh, and the tapering was the most surprising news I have gotten for a long time! I'm very curious what will happen now and if they will be forced to take it back soon.

Btw, I invested the first time with a good amount into BTC today and I'm very happy with the price I got!