Good news and Quantitive Easing Without Any Impact on Bitcoin Price

[tyz]

Many good news for Bitcoin and crypto currencies in common over the last weeks. All big central banks around the world doing quantitive easing without a foreseeable end. The prices for luxuary goods, real estates, artworks etc are increasing (inflation rate around 7-10% for such goods). Why is Bitcoin price not increasing with that rate? Actually, it should be the ideal environment for Bitcoin atm.
What are the reasons?

[RaginglikeaBoss]

I can't pay my bills in Bitcoin but I can in USD.  It's as simple as that for me.  I'm all for Bitcoin but it's still young. 

[Possum577]

Well, the US (at least) ended quantitative easing in Oct. 2014 -> http://www.bbc.com/news/business-29823798

Part of the reason we're not seeing a negative shakeout in the stock markets is because a lot of the negative news (that impacts the prices of stocks) was already "priced-in" to the price of the market. There will still likely be a correction to the US markets, but every day that goes by makes it less and less the fault of QE.

Now the real reason you're not seeing any consequence on BTC price is because (in my opinion) 1) the total volume of trades in one country is so relatively small that it's not impacted by the broad moves of the market, 2) the low relative volume (yet powerful) swings in supply and demand of BTC are going to drive price more than anything, and 3) we haven't seen a big impact (positive or negative) from QE or QE ending, markets aren't in turmoil, inflation is still low on the Dollar...maybe it's just too soon though.

[GreenStox]

Many good news for Bitcoin and crypto currencies in common over the last weeks. All big central banks around the world doing quantitive easing without a foreseeable end. The prices for luxuary goods, real estates, artworks etc are increasing (inflation rate around 7-10% for such goods). Why is Bitcoin price not increasing with that rate? Actually, it should be the ideal environment for Bitcoin atm.
What are the reasons?

Until the sheeple doesnt wake up, you wont see movements. Markets are guided by traders, and the traders apparently are sheeple.

Since bitcoin is so new, many convervative type guys wont put their money in it.

Also not to mention bitcoin has a 10% yearly inflation so its almost the same as fiat (EUR having 4-5% ,while USD 8-9%, govt numbers are fake)

So i guess unless a crisis comes this year, the most likely BTC price increase will happen next year after the halving of BTC block reward.

But then again the NYSE news creating a BTC index is pretty optimistic news, so i can be wrong:
http://www.coindesk.com/new-york-stock-exchange-launches-bitcoin-price-index/

[bitme78]

I can't pay my bills in Bitcoin but I can in USD.  It's as simple as that for me.  I'm all for Bitcoin but it's still young. 

I think this is the basis for why everything and everyone hasn't gone Bitcoin bananas... It'll take major changes to all retailers of goods and services before the majority changes over to using it regularly on every day items.

People want to be able to pay for a Big Mac or BK meal with it.

People want to book a flight or holiday with it, on all the leading websites and apps.

As RaginglikeaBoss eluded to... People want to pay their bills for gas, electricity, tv, mobile, rent etc. with it

In essence, people want more integration of the currency into existing payment systems. Until this begins to happen on a mass scale, the price of the Bitcoin won't reach the heights that it's more than capable of.

Well, that's my two cents...

[Amph]

the reason is that all those good news aren't exactly investing directly in the bitcoin market, and even if someone was guided by these news to buy bitcoin, usually they are not rich people and can't do a real impact on the market, but notices how the price is at least holding good at current value

rich guys on the other hand are not entered the market yet or we would already be on another planet

[tyz]

I can't pay my bills in Bitcoin but I can in USD...

This counts for you but I mean all the rich people which are able to buy art for 100mlns just in order to invest their money somewhere.

[Pab]

 Westerness world is living in illusion of no inflation,In Europe deflation is reported ,reason to print
On USA QE officially ended,the truth is that printing is ongoing,to coverall that debt is produce next debt

All that money from printing went to real estate and stocks,Real Estate is one big bubble ,it has to crash otherwise next cycle of massive printing cant start,it isalways the same,fake economy,fake crashes and next cycle of fake scam economy start.How long time is possible to do,for sure not forever

Bitcoin is also overmanipulated already and very much related to that fake economy

Now i hear more and more news about integration btc with wall street,so maybe we have to wait for wall street boys

[GreenStox]

Westerness world is living in illusion of no inflation,In Europe deflation is reported ,reason to print
On USA QE officially ended,the truth is that printing is ongoing,to coverall that debt is produce next debt

All that money from printing went to real estate and stocks,Real Estate is one big bubble ,it has to crash otherwise next cycle of massive printing cant start,it isalways the same,fake economy,fake crashes and next cycle of fake scam economy start.How long time is possible to do,for sure not forever

Bitcoin is also overmanipulated already and very much related to that fake economy

Now i hear more and more news about integration btc with wall street,so maybe we have to wait for wall street boys

Dont panic, bitcoin can only go up, if they start printing. Because after every inflation growth the price of BTC grows, they cant surpress it with fake BTC certificates (like they do with gold certificate).

How long time is possible to do?

1 more round, and then the final collapse will happen, notice they cant go anywhere further, the IMF is the last boundary where the wealth can flee, after that its total collapse.

[Possum577]

Westerness world is living in illusion of no inflation,In Europe deflation is reported ,reason to print
On USA QE officially ended,the truth is that printing is ongoing,to coverall that debt is produce next debt

All that money from printing went to real estate and stocks,Real Estate is one big bubble ,it has to crash otherwise next cycle of massive printing cant start,it isalways the same,fake economy,fake crashes and next cycle of fake scam economy start.How long time is possible to do,for sure not forever

Bitcoin is also overmanipulated already and very much related to that fake economy

Now i hear more and more news about integration btc with wall street,so maybe we have to wait for wall street boys

I don't disagree entirely with your concern but I don't believe that across the board - stocks, real estate, safety from inflation AND Bitcoin has all gone to shit. What's the consequence of all this morbid reality? An end to the world?

I agree that the Governments are printing debt on debt, but there will have to be an alternative to the world ending as a result. Mass debt forgiveness will have to happen - something that breaks the rules but rights the ship. Remember, regardless of what governments, Wall Street, or the FTSE do business does continue to move on. People still need goods and services, business and infrastructure still remains to provide those goods and services. The economy as a whole doesn't just disappear due to clever accounting.

[Q7]

Reason is, people in general still hasn't really know or even exposed to bitcoin to see its real potential. Yeah, you might say that was years ago but consider this, right now, most of the people I would say is still oblivion or would rather just ignore bitcoin's existence. Until that factor is gone, we won't see a correlation anytime soon when there is a QE taking place.

[BobK71]

I don't disagree entirely with your concern but I don't believe that across the board - stocks, real estate, safety from inflation AND Bitcoin has all gone to shit. What's the consequence of all this morbid reality? An end to the world?

I agree that the Governments are printing debt on debt, but there will have to be an alternative to the world ending as a result. Mass debt forgiveness will have to happen - something that breaks the rules but rights the ship. Remember, regardless of what governments, Wall Street, or the FTSE do business does continue to move on. People still need goods and services, business and infrastructure still remains to provide those goods and services. The economy as a whole doesn't just disappear due to clever accounting.

When market psychology goes down, people lose their wealth on paper, and almost every financial asset will go down.  There are assets that are part real and part financial, e.g. stocks and real estate, but these go down because the demand for both their real and financial parts goes down.  And yes, bitcoin will go down for the same reason, unless and until it receives a flight to safety.

This really will be pretty close to the end of the world.  Yes, people will always want real goods and services, and the capacity to supply them will be there, but remember in the modern economy (particularly in the rich world, which drives the world's economy) consumption and production are very flexible.  The vast majority of our consumption (by monetary value) is unnecessary for survival and can be cut back in bad times.  Both desire and capacity for a better living standard will be there, but consumption and work won't happen when the incentives are broken.

So, this provides a perfect scenario for the state to get involved to "rescue" the economy.  The standard narrative forgets (conveniently for the elites) that state involvement in the capital markets has been the root cause for the financial bust in the first place.  (Financial assets collapse because they have been propped up, ultimately, by the state, one way or another.  For example, after World War I, the monetary system morphed into a newer and looser version of the gold standard.  The flood of new currency created by central banks drove the Wall Street and European bank debt bubbles that burst and led to the Great Depression.  In our time it was also the central banks that ultimately created the "savings glut" that flooded into bad US mortgage based assets.)

[tyz]

I did some research and came to the conclusion that most people from the wealthy countries currently trust the economical environment. This could be the reason why alternatives like Bitcoin and Gold are stagnate in demand.
Probably, this will change soon. There are some incidcators: Greece will likely be bankrupt, Chinese economy growth is decresing from year to year, Germany's exports, currently the stabilzing angor of the Euro Zone, are stagnating. And many more.
Guess, Bitcoin will get a push soon. Similar to the hype in late 2013.  

[Benjig]

In fact it is worse than that, I think those good news prevent Bitcoin price keep falling, there are thousands mined each day.

One factor is less widely understood: The price of bitcoin depends on the price of electricity. Still, it’s safe to say that more money is spent attempting to generate bitcoins each day than those bitcoins are worth.