$175 billion just printed and the Bitcoin price goes down!

[o_e_l_e_o]

I wouldn't be so drastic as o_e_l_e_o theories, but this is somewhat disappointing for me. They are literally  groping in the dark: this is not what would you expect from a central bank that has been manipulating markets since 10 years!

Haha, fair enough. I'll admit I'm pretty much a perma-bear when it comes to fiat that can be created out of thin air at the whim of a government or a bank. This is especially the case when looking at USD, with spiralling and out of control national debt to pay for ever increasing levels of government spending and Trump jeopardizing the US's biggest trade deals.

I guess we'll have to wait and see what the Fed's final analysis of this "lack of movement of liquidity" is. I still think its concerning that banks can behave so unpredictably that it necessitates the Fed stepping in with billions of dollars of funding to stabilize things, and even more concerning that the Fed don't know why it happened.

[mersal]

Read some prediction article that we are about to break $8500 resistance level soon,anyone feels that the prices will fall this much down even after Bakkt launched?

Or they were manipulating the prices to get bitcoins more cheaper!

[coolcoinz]

Read some prediction article that we are about to break $8500 resistance level soon,anyone feels that the prices will fall this much down even after Bakkt launched?

Or they were manipulating the prices to get bitcoins more cheaper!

Articles are one of the biggest manipulators in the crypto market and you quoting them and asking us how we feel about it is a great proof of how big of an impact they have.
They cannot know what the price will do, nobody can, but them saying that they feel this or that way is actually adding their reputation to the mix. So, now it's "nobody knows, but we as a news site predict that... (and hope that you will follow our advice and make this prediction more likely to come to life)."

This printing will have a delay impact on the market. I believe we will see people come to understand it in a few months. This selloff has nothing to do with fiat printing. It has to do with almost no trading volume in the last weeks. 

[Yatsan]

That won't go for too long if they keep printing too much money tho. Like yeah sure dollar is a global reserve thing right now but at the end of the day there is no way dollar could continue to lose value by printing more dollars and then still hope that nations would hold a currency that is constantly losing money on their reserves.

If a country realizes that the dollars they worked hard to save on the reserves worth nothing now, they will start focusing more on Euro and even Yuan if they can just to have a better future on their reserves, if they ever need dollars for something they would change exchange their euro for dollars for that job and then be done with it but not hold it. Hence, dollar needs to hold its value as long as possible .

I believe they are not printing too much money as they already did this 10 years ago, this is from fed's fund to save their country bank's liquidity. If they do some excess printing without telling the international organization they might face a huge problem with international laws. This might be a trap for small investors to make look the market gradually increasing due to the fact that they divided the amount into some smaller amount and inserted to the market. I think they were doing this on great purpose, not just on bank requirements. Something what?

[matchi2011]

Read some prediction article that we are about to break $8500 resistance level soon,anyone feels that the prices will fall this much down even after Bakkt launched?

Or they were manipulating the prices to get bitcoins more cheaper!

The chance of manipulative actions coming from big whales who understand the most from this industry is higher, as they wanted to have more accumulate coins inside their wallets before another huge waves to come forward inside the market. Whales are very good controlling emotions and it's not impossible that most of the current movements are just artificial to create panics and shake the whole industry.

[Vishnu.Reang]

Read some prediction article that we are about to break $8500 resistance level soon,anyone feels that the prices will fall this much down even after Bakkt launched?

Or they were manipulating the prices to get bitcoins more cheaper!

On a positive note, during the past two days the Bitcoin dominance went up from 67.1% to 68.6%, which represents a 1.5% increase in the market share. So I would not say that everything was negative for Bitcoin. Cryptocurrency market as a whole went down due to some reason other than Bakkt, but as far as I can see, Bitcoin held its ground for the most part.

[mersal]

Read some prediction article that we are about to break $8500 resistance level soon,anyone feels that the prices will fall this much down even after Bakkt launched?

Or they were manipulating the prices to get bitcoins more cheaper!

On a positive note, during the past two days the Bitcoin dominance went up from 67.1% to 68.6%, which represents a 1.5% increase in the market share. So I would not say that everything was negative for Bitcoin. Cryptocurrency market as a whole went down due to some reason other than Bakkt, but as far as I can see, Bitcoin held its ground for the most part.

I don't really consider dominance increase is good for the bitcoin,it can make impact only if the value is considerable but its less now to bring any positive impact on the prices.Like the TA I read earlier the prices keep falling hope it will stuck at some point soon.

[mazdafunsun]

You are trying to connect dots which do not connect, FED is printing money all the time.
And as you mentioned the money goes to other investment forms - stocks and bonds , maybe gold. Those big guys dont have easy legal access to BTC.

[Reid]

Well, without going into too much detail about this, we can see that governments are manipulating the value of your wealth. Bailouts and rescue practices are either hiding the real problems or they are postponing the economic collapse. 

So tax payers money are used to serve as a safety net for greedy financial institutions and the general public are paying for it. The Banks and the Reserve Banks are part of the problem with the fiat system and the government are protecting them. 

So does this mean they did it without noticing people could question what they have done specially those who work in the financial industry?
I mean, it is in plain view and we are discussing it by now or are we just speculating what is happening and doesnt really know the reason behind all this money just getting out?
Or is there really money?

They could hide it if they want to, right?
Who's government want their people looking at how they are manipulating the market specially in United States where almost every adult needs to be invested.

[Google+]

when there is that much money I think the price of bitcoin will not be able to fall because with that money many will buy bitcoin and will make bitcoin prices go up, even though the price increase is not long at least the price of bitcoin can go up and can wipe out the sell orders and many can benefit.

[thisappointed]

Read some prediction article that we are about to break $8500 resistance level soon,anyone feels that the prices will fall this much down even after Bakkt launched?

Or they were manipulating the prices to get bitcoins more cheaper!

Most probably to get more bitcoin at a cheaper price. We all know the halving next year and maybe they are doing this in preparation for the mass adoption. We should not panic at the moment and ride the trend with them, those manipulators are making money and we should do that too so buy more bitcoin when its dip.

I am shocked when I took a look of my portfolio last night, it is all red, and it's kinda depressing cause we are in this bearish market for almost 2 years and it seems like we have to wait a little bit more for the bullish market. Sadly, I sold already some of my coins because I needed the funds, no regrets though. Right now, if you guys have fiat then it is the right time for you to buy bitcoin.

We're hoping to be in $20,000 by the end of the year and I'm really hoping that it would actually happen because that would be a life saver.

[Stedsm]

@OP, Thanks to the Bakkt launch we're now almost 20% down from where we were a few days before. As to what I saw, more than $45 billion had been wiped out of the markets since its launch and still counting, but it was all a predicted game of big players who were counting on the astonishing dominance of BTC which, when started to pull back, they came to knew that alts are going to take it over for some time and Bitcoin might lose it hard and Bam, it did! This was actually all planned to kill the longs who bought leveraged positions in lieu of Bakkt's launch and what happened, killed their longs so badly liquidating many of those who were over confident over Bakkt. BTC is going to recover, but not so easy this time.

[mersal]

Read some prediction article that we are about to break $8500 resistance level soon,anyone feels that the prices will fall this much down even after Bakkt launched?

Or they were manipulating the prices to get bitcoins more cheaper!

Most probably to get more bitcoin at a cheaper price. We all know the halving next year and maybe they are doing this in preparation for the mass adoption. We should not panic at the moment and ride the trend with them, those manipulators are making money and we should do that too so buy more bitcoin when its dip.

But the question is how far it can dip with the current movement,going back $6000 again? Or will stay at $8500 and recover from that.

[1Referee]

@OP, Thanks to the Bakkt launch we're now almost 20% down from where we were a few days before. As to what I saw, more than $45 billion had been wiped out of the markets since its launch and still counting, but it was all a predicted game of big players who were counting on the astonishing dominance of BTC which, when started to pull back, they came to knew that alts are going to take it over for some time and Bitcoin might lose it hard and Bam, it did! This was actually all planned to kill the longs who bought leveraged positions in lieu of Bakkt's launch and what happened, killed their longs so badly liquidating many of those who were over confident over Bakkt. BTC is going to recover, but not so easy this time.

I don't think it's as bad as you think it is. It's somehow hard for people to fathom that the price of Bitcoin isn't based on anything but what we see happen in the charts. There was no 'real' reason for the price to go up from $3000 to $14,000, but there was (still is) way more reason for the price to go down from where it has been hovering around lately. Profits have to be taken.

If you look at Bitcoin's historical performance, we have always pulled back by at least 50% after a major bull run, which we haven't done yet, so this might very well be that 50% pull back that shakes out a lot of people. It's impossible to say where we will bottom out, but it's quite easy to say that we'll be back stronger than ever before. Patience is key here. Slow accumulation is what I will be focusing on.

[fillippone]

Back on topic guys:

(Bloomberg) -- New York Fed to boost overnight repo operation limit to $100 billion.

This is the usual ON operations.

Whilst they are going to beef up also the standard 14 days operations:

*NEW YORK FED TO BOOST THURSDAY TERM REPO OP. LIMIT TO $60B

This time the excuse is the quarter end for corporates. This is usual during quarter end (and above all Year End).

Fillippone is doubtful , and ready to change his mind in front of more evidences of troubles in financial markets.

[fillippone]

Very interesting read, albeit slightly biased for obvious reasons, written by Caitlin Long:

The Real Story Of The Repo Market Meltdown, And What It Means For Bitcoin

Last week the financial system ran out of cash. It was a modern version of a bank run, and it’s not over yet. Stepping back, it reveals two big things about financial markets: first, US Treasuries are not truly “risk-free” assets, as most consider them to be, and second, big banks are significantly undercapitalized.

This is the real reason why the repo market periodically seizes up. It’s akin to musical chairs—no one knows how many players will be without a chair until the music stops. Every player knows there aren’t enough chairs. Everyone knows someone will eventually lose.

I do recommend reading the article, but also all the attached links.

[fillippone]

Just an update of the moneyprinting/shadow QE by the FED so far:

Got this data from Bloomberg, that sourced from NY FED:

U.S. Fed Adds $33.55 Billion in Temporary Reserves (Table)

(Bloomberg) --  Following is a summary of the last 25 operations to the Federal Reserve System’s portfolio as reported by the Federal Reserve Bank of New York. Repurchase agreements and reverse repurchase agreements help influence daily trading in the federal funds market. The central bank’s target rate is 1.75%-2%.

				Collateral	Type
					Accepted			Accepted
Date	Total Submitted	Type	Term of Oper.	Treasury	Agency	Mortgage	Treasury	Agency	Mortgage
10/03/2019	$33.55	RP	1	$28.00	$0.00	$5.55	$28.00	$0.00	$5.55
10/02/2019	$3.05	RRP	1	$3.05	n/a	n/a	$3.05	n/a	n/a
10/02/2019	$42.05	RP	1	$35.00	$0.00	$7.05	$35.00	$0.00	$7.05
10/01/2019	$2.71	RRP	1	$2.71	n/a	n/a	$2.71	n/a	n/a
10/01/2019	$54.85	RP	1	$50.00	$0.10	$4.75	$50.00	$0.10	$4.75
09/30/2019	$7.06	RRP	1	$7.06	n/a	n/a	$7.06	n/a	n/a
09/30/2019	$63.50	RP	1	$49.75	$0.00	$13.75	$49.75	$0.00	$13.75
09/27/2019	$5.33	RRP	1	$5.33	n/a	n/a	$5.33	n/a	n/a
09/27/2019	$22.70	RP	1	$14.45	$0.00	$8.25	$14.45	$0.00	$8.25
09/27/2019	$49.00	RP	10	$34.55	$0.00	$14.45	$34.55	$0.00	$14.45
09/26/2019	$5.18	RRP	1	$5.18	n/a	n/a	$5.18	n/a	n/a
09/26/2019	$50.10	RP	1	$34.55	$0.00	$15.55	$34.55	$0.00	$15.55
09/26/2019	$60.00	RP	10	$43.00	$0.50	$29.25	$35.75	$0.00	$24.25
09/25/2019	$0.13	RRP	1	$0.13	n/a	n/a	$0.13	n/a	n/a
09/25/2019	$75.00	RP	1	$56.30	$1.00	$34.65	$44.35	$1.00	$29.65
09/24/2019	$0.10	RRP	1	$0.10	n/a	n/a	$0.10	n/a	n/a
09/24/2019	$75.00	RP	1	$58.75	$0.60	$20.85	$58.75	$0.36	$15.89
09/24/2019	$30.00	RP	10	$36.40	$0.20	$25.40	$22.73	$0.00	$7.27
09/23/2019	$7.49	RRP	1	n/a	n/a	n/a	$7.49	n/a	n/a
09/23/2019	$65.75	RP	1	$49.70	$0.60	$15.45	$49.70	$0.60	$15.45
09/20/2019	$7.55	RRP	1	$7.55	n/a	n/a	$7.55	n/a	n/a
09/20/2019	$75.00	RP	1	$59.60	$0.60	$15.35	$59.15	$0.50	$15.35
09/19/2019	$5.00	RRP	1	$5.00	n/a	n/a	$5.00	n/a	n/a
09/19/2019	$75.00	RP	1	$56.33	$1.40	$26.15	$55.84	$0.00	$19.16
09/18/2019	$18.91	RRP	1	$18.91	n/a	n/a	$18.91	n/a	n/a

                                                            



NOTE: Reserves added in US$ billions. RP = Repurchase Agreement. RRP = Reverse Repurchase Agreement. Term of operation in business days
SOURCE: Federal Reserve Bank of New York

Link to NY FED Website.

Well,
this is starting to look gross.

[ivakar]

Very interesting read, albeit slightly biased for obvious reasons, written by Caitlin Long:

The Real Story Of The Repo Market Meltdown, And What It Means For Bitcoin

Last week the financial system ran out of cash. It was a modern version of a bank run, and it’s not over yet. Stepping back, it reveals two big things about financial markets: first, US Treasuries are not truly “risk-free” assets, as most consider them to be, and second, big banks are significantly undercapitalized.

this article is rising very interesting question, where all money went? who spent billions!!??
and actually I was thinking that once banks got cheap money from fed they can easily spent it for some assets.. for example for buying some bitcoins... and then the price could go up..
but instead the price went down.. pity

[Btcvilla]

Where did you get source with $175 billion to make bitcoin down? Never give your opinion without have correct information and without use link proof, I think bitcoin down because the moment where many people do not take part become investor and still waiting how bitcoin price become higher or become lower.

[fillippone]

Where did you get source with $175 billion to make bitcoin down? Never give your opinion without have correct information and without use link proof, I think bitcoin down because the moment where many people do not take part become investor and still waiting how bitcoin price become higher or become lower.

Links to original statements have been widely reported along all this thread.
I understand you have to make as many posts as possible for your camping, but at least don't  make false statements about users of this thread.