Fed and Europe and Even Australia did rate cut but btc Still low

[Polo7]

Fed, au and europe is about to cut rates.
But Why Bitcoin is Still low?
2017 was Even less rate cuts but btc was 20k.

Now everywhere is rate cuts but btc Price is Still low



Anyone knows Why its like that?

[Gohs]

I don't think the price of BTC has anything to do with rate cuts.
2017 pump was mostly due to the fact that most people didn't know about BTC back then, now the story is different - everyone's heard of it.

The glamour has sort of worn down a bit.

[Lucius]

The way you think is wrong, and also BTC is not low currently, I think that's exactly where it should be in terms of price. If you want to see low price check data from last year, price was close to $3000 for months, and it go above $4000 in March this year.

Price depends on many factors, mostly about supply and demand like in any other market. Now we are in situation where most people trade only for short-term profits, but there is no high demand which would push the price up. But some feeling tells me that we might see some action in the coming months, which means that we should not be impatient.

[Betwrong]

Cutting of interest rates will not necessarily lead to wider Bitcoin adoption(in the sense of a valuable asset), because people have seen with such an investment not only your rates can be low, but you can lose almost 50% of your initial investment(as of today for those who bought at $19k). It's only when BTC will surpass it's previous ATH, people can start buying it like crazy, regardless of any other news.

[o_e_l_e_o]

Sure, the Fed have cut interest rates a little from 2.5% to 2.25%, but they have been low for bitcoin's entire life. The genesis block was mined a month after rates were cut to a historic low of 0.25% back in December 2008. Only in 2016 did rates start to rise a little, generally by 0.25% every few months. 2.5% is still very low compared to historic rates, which sat around 5-15% for decades. A cut of 0.25% is pretty insignificant in the grand scheme of things. Rates elsewhere aren't even this high. The Bank of England rate, for example, is only at 0.75%. The 2017 bullrun happened while interest rates were going up. There is no direct correlation.

[noormcs5]

Fed, au and europe is about to cut rates.
But Why Bitcoin is Still low?
2017 was Even less rate cuts but btc was 20k.

Now everywhere is rate cuts but btc Price is Still low


Anyone knows Why its like that?

Bitcoin reached 20K in 2017 not because of the rate cuts. And even if you believe that bitcoin prices rises on these cut rates, even then bitcoin has jumped for 4000$ to 12000$ within few months which is enough i guess. What else you want to see? Do not expect bitcoin to rise 25-30K in days or weeks.

[exstasie]

Fed, au and europe is about to cut rates.
But Why Bitcoin is Still low?
2017 was Even less rate cuts but btc was 20k.

It's not that simple. Cutting interest rates pumps money into the economy, and some of that can trickle into the crypto markets, but the effects aren't realized overnight. There are also lots and lots of other variables affecting price.

In fact, the S&P 500 dumped 6 or 7% when the rate cut was announced, whether because it suggested an incoming recession or because the cut wasn't perceived as aggressive enough.

[Polo7]

Okay, If the money not Going into btc where?
Its a Construction/real estate/gold/...i dont think its a stock market coz When we look at the Geo political situation investors talking about safe hedge against everything against Fiat currency Bad reputation and against stock markets...


The most trusted hedge is somehow the Gold.

[fiulpro]

Bitcoins is not the only option where the money can be invested as the others have already said we have more stable things considering how real estate is a boon for new naive investors and also how gold is easy and secure .. therefore we cannot expect all the money to actually go in cryptocurrencies and bitcoins.
Therefore it is not necessary that it would go hand in hand ..

[exstasie]

Okay, If the money not Going into btc where?

It probably hasn't all been allocated yet. Cutting the funds rate just lowers the cost of borrowing for banks, allowing them to lend more. It doesn't mean banks have already lent out all excess reserves, or that borrowers have spent all the money.

Its a Construction/real estate/gold/...i dont think its a stock market coz When we look at the Geo political situation investors talking about safe hedge against everything against Fiat currency Bad reputation and against stock markets...

The equity markets dumped when the Fed announced the rate cut a month ago but afterwards, they recovered nicely. Gold is also performing quite well. Those are your best bets.

[Polo7]

Bitcoins is not the only option where the money can be invested as the others have already said we have more stable things considering how real estate is a boon for new naive investors and also how gold is easy and secure .. therefore we cannot expect all the money to actually go in cryptocurrencies and bitcoins.
Therefore it is not necessary that it would go hand in hand ..

The Market Works by FOMO, once the People Will see the BTC Price goes Up like a 14-15k. They Jump in Same thing with GOLD market bull run the gold market is just a lot more bigger then Bitcoin thats Why Gold bull is so Long.


When investors Invest into something they Want to be confident about where they Invest... The People have no faith in stock markets coz People have lost faith into governments, Banks and corporations.  


Corporations, governments, Banks Will be less and less popular People have lost Trust and faith.

Investors Now Looking for new things and cryptocurrency and Gold is an option.

Banks and stock markets is about collapse Even governments are about stop functioning like they use to be its just a normal process, no regime or some sort of order cant exist for ever, changing is normal
As life is like alchemical process, When you have used  something then its used the energy of old object Will not disapere but it Will go into new things.

Like hot day the Water will Go to the sky and then it Will Come Down Again.


So Nothing is permanent Same with the markets and investment

[hatshepsut93]

People should stop thinking about Bitcoin as some perfect hedge against fiat economy, that reacts to every single negative events - years of data clearly show that there's no mechanism for that. Bitcoin is doing its own thing, it's volatile, it has market cycles, and most of the supposed examples of correlation are just coincidences. So, stop looking at unrelated things and trying to tie them to Bitcoin's price, you will only lose money if you'll trade to trade based on that assumption.

[kryptqnick]

Fed, au and europe is about to cut rates.
But Why Bitcoin is Still low?
2017 was Even less rate cuts but btc was 20k.

Now everywhere is rate cuts but btc Price is Still low


Anyone knows Why its like that?

I don't understand why you're saying that Bitcoin is low. It's bravely holding its $10k barrier, which is amazing after more than a year around $6k and below. Bitcoin's price almost tripled over the last half a year, and I think it's an amazing success. When it surpassed the $6k-$7k barrier so fast, it was very impressive. And even though some people panic from time to time when the price starts going down, it actually does not go down significantly. I prefer Bitcoin being stable around $10k than around $6k or rising to $20k and then rapidly dropping to $6k once again.

[andreibi]

Fed, au and europe is about to cut rates.
But Why Bitcoin is Still low?
2017 was Even less rate cuts but btc was 20k.

Now everywhere is rate cuts but btc Price is Still low


Anyone knows Why its like that?

I don't understand why you're saying that Bitcoin is low. It's bravely holding its $10k barrier, which is amazing after more than a year around $6k and below. Bitcoin's price almost tripled over the last half a year, and I think it's an amazing success. When it surpassed the $6k-$7k barrier so fast, it was very impressive. And even though some people panic from time to time when the price starts going down, it actually does not go down significantly. I prefer Bitcoin being stable around $10k than around $6k or rising to $20k and then rapidly dropping to $6k once again.

I think what he means is that the global trend of "quantitative easing" or rather the printing of more fiat money should be bullish for the digital gold which is Bitcoin.  And he is expecting that the price of Bitcoin should be skyrocketing now. I think the OP doesn't see that the whole crypto industry is still a small sector of the whole financial world. Any reaction to low rates would reflect more on gold.

[TheCoinGrabber]

The last ath had more to do with it getting pumped and people getting caught in a feeding frenzy. Basically word got out and everyone started buying. I don't think we'd ever see that $20k price in the near future.

The way you think is wrong, and also BTC is not low currently, I think that's exactly where it should be in terms of price. If you want to see low price check data from last year, price was close to $3000 for months, and it go above $4000 in March this year.

Price depends on many factors, mostly about supply and demand like in any other market. Now we are in situation where most people trade only for short-term profits, but there is no high demand which would push the price up. But some feeling tells me that we might see some action in the coming months, which means that we should not be impatient.

True. I remember it even dipped below $3k for a weeks and people were already despairing. Funny how now people are still complaining at $10k.

[Kemarit]

Fed, au and europe is about to cut rates.
But Why Bitcoin is Still low?
2017 was Even less rate cuts but btc was 20k.

Now everywhere is rate cuts but btc Price is Still low



Anyone knows Why its like that?

Are you saying that there should be correlation here? I'm sorry but there are no correlation and the only thing that will make the price go up is demand. Every year people mature and obviously, right now speculators and traders and institutions are still waiting for some good news like the block halvening next year. And I don't know what do you mean that Bitcoin is still low, it went from $3000 to $10,000. If you are looking for the price to reach $20,000 again then I guess you have to wait till 2020.

[Chrystora123]

I think Bitcoin price has already been affected by the rate cut.. the current price of Bitcoin is very good compared to last year, even the trend tends to be green until the end of 2019...


March 2018 to October 2018                                                         Sept 2018 to Sept 2019

[avikz]

Fed, au and europe is about to cut rates.
But Why Bitcoin is Still low?
2017 was Even less rate cuts but btc was 20k.

Now everywhere is rate cuts but btc Price is Still low

Anyone knows Why its like that?

Why do you think that bitcoin will be benefited by these rate cuts?? When the economy slows down, central banks reduce interest rates so that their people can have more liquid funds in their pocket. So we all knew that rate cut was imminent from the beginning of US China trade war. But do you know what has been benefited by these rate cuts - it's none other than GOLD!

See the price chart for last two months and you will understand the truth!

[Kakmakr]

I don't think the price of BTC has anything to do with rate cuts.
2017 pump was mostly due to the fact that most people didn't know about BTC back then, now the story is different - everyone's heard of it.

The glamour has sort of worn down a bit.

Wrong! The 2017 price pump was mostly due to the ICO boom that was happening back then. When large social media companies started to ban Crypto currencies, the price took a 80%+ price nose dive and things has not changed since then.

Interest rate cuts will only have a small impact on the price, because informal traders will look for a hedge to protect their investments. We mostly have a debt driven global economy, so people with debt will not invest in Bitcoin, when there is a rate cut.. the majority of them will make more debt and some of them will pay back a higher amount on that debt to reduce  it. 

[Strongkored]

-snip#

Wrong! The 2017 price pump was mostly due to the ICO boom that was happening back then. When large social media companies started to ban Crypto currencies, the price took a 80%+ price nose dive and things has not changed since then.

I have another perspective about BTC price in 2017, not because ICO mostly because the same pattern after halving, BTC price will reach another ATH.

Rate cuts from FED, AU and Europe will affect another investment instruments, which they consider to be safer from price changes that are too fast, and they usually make more investments to secure their assets from impairment, as is usually the case when there is interest rates cut there are indications that the country is experiencing or will experience an economic recession.