OROBTC (OP)
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December 16, 2015, 08:03:29 PM |
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...
So far, BTC price not moving.
Silver up nearly 4%.
Platinum up about 2.4%.
WTIC oil down to approx. $35.78 (that's very low).
Dow and S&P500 faltered, but now up over 1% (3:02 PM US ET).
Most other commodities that I have looked at are not moving much, at least yet.
* * *
I am curious to read opinions on how BTC prices may react, this is the first time in "modern BTC history" that Fed Funds rates have been raised.
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bitsmichel
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December 16, 2015, 08:35:16 PM |
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So far, BTC price not moving.
I think Feds don't control bitcoin price which is why it didn't move.
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randy8777
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December 16, 2015, 09:22:03 PM |
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i don't think this will have any effect on the bitcoin price. it might get affected when institutional traders are in bitcoin. these are the kind of traders that do find this news important. regular bitcoin traders don't care that much it seems.
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phreaky
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December 16, 2015, 09:43:57 PM Last edit: January 04, 2016, 09:54:39 PM by phreaky |
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It wont directly affect BTC price. However, It will affect global economy which it can trigger a economic crisis in 1 year. Then we will see a positive impact of crisis on BTC price due to FED interest rate increase.
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AltcoinReserveSystem
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December 16, 2015, 09:50:11 PM |
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Fed isn't controlling BTC price. However, everything could be possible in future.
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Enjorlas
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December 16, 2015, 10:57:06 PM |
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It wont directly affect BTC price. However, It will affect global economy which it can trigger a economic crisis in 1 year. Then we will see a positive impact of crisis on BTC price due to FED interest rate increase.
Most likley a crisis would have a negative impact on price, not positive.
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oblomov
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December 16, 2015, 11:46:05 PM |
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There does not appear to be a strong relationship between BTC/USD and other asset classes, so the response in BTC will be minimal.
If anything, it will encourage the development of relatively safe interest-bearing instruments denominated in BTC.
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Meuh6879
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December 17, 2015, 12:03:40 AM |
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So far, BTC price not moving.
yet ... but Bitcoin network is smart, it moves only after the event. because people are slow, too. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimagizer.imageshack.us%2Fa%2Fimg903%2F6632%2F1DB13U.gif&t=665&c=s-blbNugcRvoKg)
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unholycactus
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December 17, 2015, 12:09:08 AM |
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---snip---
this is the first time in "modern BTC history" that Fed Funds rates have been raised.
What do you mean? Last raise was before Bitcoin was even designed. As for what I think, BTC exchange rate isn't really affected by things like these. Unless we start seeing negative rates.
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West man
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December 17, 2015, 12:55:31 AM |
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No correlation to other markets so of course no movement based on these other market increases.
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botany
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December 17, 2015, 01:22:39 AM |
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This 0.25% hike was in line with market expectations. All markets have already priced in this hike. If the fed had not raised the rates, then markets would have reacted wildly, As of now, it is just business as usual. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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The Sceptical Chymist
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December 17, 2015, 01:26:19 AM |
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So far, BTC price not moving.
I think Feds don't control bitcoin price which is why it didn't move. That's a silly argument IMAO--of course they don't control bitcoin, but investors do, and some of those investors are big players and they do take interest rates into consideration. However I kind of thought that the price wouldn't react much. The market is pretty thin compared to the stock and commodities markets.
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7788bitcoin
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December 17, 2015, 01:28:15 AM |
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0.25% is just a beginning. I think more will come. In short term bitcoin price will continue to increase until the halving happens.
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botany
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December 17, 2015, 01:52:26 AM |
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0.25% is just a beginning. I think more will come. In short term bitcoin price will continue to increase until the halving happens.
Yes, 0.25% is just the beginning. The jury is still out on whether the Fed's policy statement was dovish or hawkish. But all market participants expect at least 2 more hikes over the next year.
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DrLove2048
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December 17, 2015, 02:08:26 AM |
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There is not much movement because it was bound to happen eventually and it was 'priced in'. People knew if it wasn't this time it would happen soon. I also don't think it's really tied to it anyway
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Pab
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December 17, 2015, 02:42:43 AM |
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Will not,why has to react,more important in FED communicate was that QEwill continue at same level So markets happy but it is not enough to drive stocks to new high
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Yakamoto
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December 17, 2015, 02:53:42 AM |
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The thing with Bitcoin is that it can go anywhere at this point due to an interest rate change. Chances are it will go up, as some people will see Bitcoin as a way of retaining value with their assets, and I can't think of any reasons as to why it would go down at a time like this, for this specific event.
The thing is we don't have many charts to give much information on what Bitcoin will do when things like this happen, since we don't have any refernce points in the past that show the ecosystem as it is now.
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Blue_Tiger73
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December 17, 2015, 04:24:00 AM |
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i don't think this will have any effect on the bitcoin price. it might get affected when institutional traders are in bitcoin. these are the kind of traders that do find this news important. regular bitcoin traders don't care that much it seems.
I really doubt that this will make any difference to the Bitcoin price, fed doesn't control the Bitcoin price and never will. We should be seeing a rise in Bitcoin price as soon as halving comes.
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Amph
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December 17, 2015, 11:25:56 AM Last edit: December 18, 2015, 07:52:10 AM by Amph |
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uh, btc not moving you say? so you missed the last pump that led as again at the last peak we reached previously, we are at 460 right now, when we were at 380, how this si not moving, is beyond me....
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