Elwar
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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March 04, 2021, 06:58:07 PM |
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I wonder if a year of people not going to restaurants or shopping all day has disrupted such a feeling and given people the break they needed to get over their addiction to such things.
Nope, it's getting worse by being locked up inside watching trash TV and spending from home. Sad really. Ahh, true. I sometimes forget that people waste their days watching TV. I get it, it's like sleeping all day but not being asleep. I've been so much busier during lockdowns. Less people interrupting me with "socialising" allowing me to get stuff done. |
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Hueristic
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Activity: 3920
Merit: 5251
Doomed to see the future and unable to prevent it
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March 04, 2021, 06:58:18 PM |
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Price going down yo!
Price will go up again as well.... But never above ATH as I confirmed. You have said it ... you haven’t actually offered any evidence to support your assertion. And therein lies the joke.  |
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OROBTC
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Activity: 2926
Merit: 1862
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March 04, 2021, 07:11:29 PM |
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Price going down yo!
Price will go up again as well.... But never above ATH as I confirmed. It's important to note that the Llama Movement is always downwards. Gravity. Those movements can be spectacular, but whether they end with a thud or a splat depends on water, fiber and quinoa. Hedge accordingly. Preferably upwind. |
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Elwar
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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March 04, 2021, 07:18:04 PM |
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Powell's comments today may have played a role in the market.
He acknowledged the obvious inflation, trying to downplay it as temporary but he also saw some recovery in the economy over the next few months.
“If we do see what we believe is likely a transitory increase in inflation, where longer-term inflation expectations are broadly stable, I expect that we will be patient" he said about raising interest rates.
Like it or not, with all of the ETFs and corporations buying bitcoin we are now affected by the overall market a lot more than back in the day when price changes mainly reflected something happening in the Bitcoin world.
Powell is basically saying that they're keeping an eye on inflation. They assume it will go up in the short term but also believe long term it will not get out of control so they will wait on raising interest rates until they see a long term trend in inflationary pressure.
The key that we all should understand is that once the Fed raises interest rates, the everything bubble will pop. It will be the housing crisis and the 2008 market crisis times 100. Will Bitcoin crash with the market or will Bitcoin be seen as a hedge. Hopefully people will flee to bitcoin but who knows. When the market crashed due to lockdowns last March bitcoin crashed but bounced right back. So it's sort of hard to figure that one out.
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mladen00
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Activity: 2124
Merit: 1013
K-ing®
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March 04, 2021, 07:21:36 PM Merited by JayJuanGee (1) |
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There is only one stablecoin  |
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Sayeds56
Copper Member
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Activity: 1400
Merit: 734
stead.builders
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March 04, 2021, 07:27:51 PM |
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Price going down yo!
Price will go up again as well.... But never above ATH as I confirmed.  |
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shahzadafzal
Copper Member
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Activity: 1652
Merit: 3006
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March 04, 2021, 07:56:59 PM |
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Bitcoin BTC is a Veblen good.
Own it and be proud of it! |
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Cryptotourist
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March 04, 2021, 08:08:33 PM Merited by JayJuanGee (1) |
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When the market crashed due to lockdowns last March bitcoin crashed but bounced right back. So it's sort of hard to figure that one out.
Here's a conspiracy theory for you: Badger doesn't give a fuck. BTC is not affected by the news or the traditional market - they do try, but in reality they can't do shit. They can't - because someone else will always BTMFD. Mathz and science confirms this. The 2020 March crash although officially attributed to COV, was really an over-leveraged mega whale entity on Bitmex. Joe or r0ach or ... well, he has many names and associates.  Bitmex kill switch worked eventually. LOL. Until next time of course. [no, not this March] |
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El duderino_
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Activity: 2618
Merit: 12753
BTC + Crossfit, living life.
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March 04, 2021, 08:47:40 PM |
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Hueristic
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Activity: 3920
Merit: 5251
Doomed to see the future and unable to prevent it
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xhomerx10
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Activity: 3948
Merit: 8501
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March 04, 2021, 08:54:24 PM |
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Just produce stuff off-planet and send it in. Launch trash towards the sun.
Ironically, it takes a lot of energy to drop stuff into the sun. Ah, just leave it on earth and it will eventually be gobbled up and vapourized. No need for drastic measures now. |
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El duderino_
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Activity: 2618
Merit: 12753
BTC + Crossfit, living life.
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March 04, 2021, 08:55:21 PM |
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Price going down yo!
Price will go up again as well.... But never above ATH as I confirmed. X times more as it was.... X=unknown, probably north of 100,200 times |
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xhomerx10
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Activity: 3948
Merit: 8501
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March 04, 2021, 08:56:27 PM |
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Price going down yo!
You have the most succinct TA of anyone here. |
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lightfoot
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Activity: 3150
Merit: 2257
I fix broken miners. And make holes in teeth :-)
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March 04, 2021, 09:12:01 PM |
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Just produce stuff off-planet and send it in. Launch trash towards the sun.
Ironically, it takes a lot of energy to drop stuff into the sun. Ah, just leave it on earth and it will eventually be gobbled up and vapourized. No need for drastic measures now. THis is a person who is taking a really long term view on the issue :-) |
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fillippone
Legendary
 Online
Activity: 2268
Merit: 16273
Fully fledged Merit Cycler - Golden Feather 22-23
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March 04, 2021, 09:22:57 PM |
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Price going down yo!
You have the most succinct TA of anyone here. BTFD! |
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Sayeds56
Copper Member
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Activity: 1400
Merit: 734
stead.builders
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March 04, 2021, 09:29:01 PM |
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Nice post. Deserves 1 Merit |
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BTCaesar
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Activity: 111
Merit: 23
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March 04, 2021, 09:43:33 PM |
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OutOfMemory
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Activity: 1652
Merit: 3309
Man who stares at charts (and stars, too...)
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March 04, 2021, 10:07:25 PM |
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Waiiit.... do you want to say that Proudhon is just a bitcointalk parody of Peter Schiff?! |
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Wekkel
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Activity: 3108
Merit: 1531
yes
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March 04, 2021, 10:45:07 PM |
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[...]
Will Bitcoin crash with the market or will Bitcoin be seen as a hedge. [...]
I think it's still a risk asset so it will tank together with financials. But it will shoot back up again and surprisingly fast. Just because the FED raises interest rates does not mean there will be no (long term) inflation anymore. I would consider this one of the ultimate buy the dip moments that Bitcoin has 1 to 3 times a year. |
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