Fed’s QE Program and altcoins

[seleme]

The FED is a private institution and this fact is confirmed several times by independent economists. The last enormous program of quantitative easing decision will affect the BTC prices positively and the market will have a recovery chance with this push. The correlation factor let me to think about the same effective rate over the BTC correlated markets. So speculators prefer to wait for settled dust and buy the dip on the altcoins along with BTC. What is your approach?

[leea-1334]

The FED is a private institution and this fact is confirmed several times by independent economists. The last enormous program of quantitative easing decision will affect the BTC prices positively and the market will have a recovery chance with this push. The correlation factor let me to think about the same effective rate over the BTC correlated markets. So speculators prefer to wait for settled dust and buy the dip on the altcoins along with BTC. What is your approach?

Speculators do not wait for dust to settle, they actually follow the trail. When the dust starts to clouden the view is when speculators are most active, hence the huge shorting and selloffs.

My approach is not different in a bull or bear. I speculate for a period of years not of months or weeks,,, so this for me is a dip, unforeseen but not unusual:)

[styca]

QE itself might limit losses, as in the normal non-crypto markets. Really for traders we are in a time of higher than normal volatility, so the opportunities and risks are both higher than usual. For long-term holders, there's nothing to be concerned about as these prices are all to do with coronavirus, and nothing to do with the worth of crypto.

[disconnectme]

I have now doubt part of these free money is coming to crypto, it is getting really difficult to make money investing in other sector apart from Crypto now, if not for the hypocrisy on the part of the SEC people what all these CEOs are doing  with their stock buy back which to me is pumping is what exchanges are criticizing for

[styca]

The last enormous program of quantitative easing decision will affect the BTC prices positively and the market will have a recovery chance with this push.

I would disagree with this, all economic measures right now are aimed at mitigating losses. I don't think there's much chance at all of market recovery at the moment, whether normal stock markets or cryptocurrency markets.  Be careful of buying a dip as it may be a prelude to further dips.

[adaseb]

One way how it can help bitcoin is by increasing inflation. Whenever the fed prints money, we all know how expensive basic goods gets and the wages never follow these increases. So depending on how many trillions is printed in the coming weeks, it would be positive for bitcoin. Since bitcoin doesn't have inflation unlike fiat and there is a halving underway. People will most likely go into metals and cryptos.

I don't think most alts will have a reaction however, especially since we are risk-off. Many the main ones such as ETH, XRP and LTC however the majority of the medium or small cap alts probably won't rally due to this. This is not going to be like it was in Q1 2018 where every altcoin listed on Poloniex just pumped like crazy without stopping.

[leea-1334]

For the first time in my history I can see and experience what a global financial crisis looks like. I know I lived through the last one already but I was still living under the roof of my parents and only earning a part time income for myself to spend on games and stupid things. Never knew about jobs rent and food.

This is a bad time for everyone. I do not think altcoins can benefit,,,

[el kaka22]

They have confirmed that they will have unlimited amount of bond purchasing, which means if you are holding bonds they will buy it. It looks like american government is thinking about the big companies yet once again, for some reason this corona didn't teach them anything when it should.

The real workers of a nation are the doctors, the nurses, the stock refillers, the factory workers, the dock workers, the cashiers, the couriers, basically the low level people that republicans think as "should get rich by bootstraps" or something and many of them get minimum wage, those are the real workers of this nation. Without the stock shelf getting restock constantly how could people get over this? They would be in an even bigger panic, those should be the ones getting easing. Rents should be postponed, bills should be postponed, debts should be paid if possible specifically health related ones.

[FanEagle]

I doubt the money will straight go to altcoins, not even a small portion of it looks like going to altcoins. Quatetive easing usually is used by the banks to take care of themselves and not care about anyone else, well that is what banks do with every single money they get and not just QE only, which is why I think altcoins are screwed when it comes to QE.

However, good part is when inflation hits and everyone is poor because their money now worths nothing, altcoin prices will go up compared to it. Not directly and not all altcoins, some of them are so dead because of the latest fall that it will never recover, however the good ones will stay, bitcoin will get more valuable compared to dollar and when that happens the altcoins that stands will automatically worth more as well.