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Author Topic: Fed To decide the future of assets purchasing 14th December  (Read 201 times)
JayTrain
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December 15, 2021, 02:49:42 PM
 #21

So many Bitcoin traders are now lineup waiting to see the information that will be conveyed by the fed on the 14th of December 2021 as many analysts have predicted could see its last day of a downside,
The fed will give updated information on asset purchases a form of quantitative easing for both Bitcoin and other traditional assets.
Data from Bitfinex show traders are lining up and set to buy the news as buy orders on the exchange are in high volume waiting for the big news.
https://cointelegraph.com/news/bitcoin-price-dip-may-end-wednesday-as-bitfinex-bids-hint-at-fed-buy-the-news-plans
positive news has always influenced the bitcoin exchange rate, and this news will not be an exception, but the Fed may also refuse, and we will see the picture exactly the opposite.It seems to me that the Fed has nowhere to go, because they themselves see how dynamically the cryptocurrency market is developing.
Tellek Garing
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December 16, 2021, 04:43:47 AM
 #22

Anything could happen and may be a win for both crypto market and traditional market. Well, am still holding my position, any more green will see me take some profit from current position and buy any further correction during this festive period. Fingers are crossed.
You are not the only one on the waiting list, most of us are also waiting for the price of bitcoin to recover to at least 58k to cash out some profits and diversify our investments. What am most interested in is the outcome of the Fed's decision to know the faith of Bitcoin and other assets in the stock market.
Wiwo (OP)
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December 17, 2021, 06:35:10 PM
 #23

The Crypto market shade off quite a huge amount in its trading price in the early hours of today we saw how Bitcoin lose almost $1500 off it the previous price which goes a long way to show how the news has not been able to stop the bear market, we remain optimistic that in the coming day's Bitcoin will recover and the fed decision will have a positive impact on the entire market.
Wiwo (OP)
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December 20, 2021, 04:05:26 PM
 #24

I do not think some buy orders on a a single exchange is enough to be newsworthy or does it need to have anything to do with some upcoming FED conference. This seems like a pretty cheap way to push out some articles while trying to use the Bitcoin community to gain traffic.
You guys were right if you take the current market condition for example it shows the opposite of what was predicted, ordinarily if the buy orders increased at the time the news was shared it should have reflected on the price positively but with the price condition at the moment it's far from that.
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