Do economic indicators favour Bitcoin ?

[lobat999]

Economic indicators have nothing to do with bitcoin prices, so whatever happens the economy will have no big effect which is 
against the price of bitcoin. What affects the price of bitcoin is whales, because whales have a large capital. So once a transaction
will affect the price of bitcoin, for example whales make a deposit then the price of bitcoin will automatically rise and if the whales
withdraw, the bitcoin price will automatically go down. My conclusion economic indicators do not affect bitcoin directly.

I have not seen yet any formal study(s) that tackles this subject matter and its too early to say or assert anything since there is a broad set of indicators that may or may not affect Bitcoin!

Moreover, I think Bitcoin and crypto evolution is just getting started and there are many economic factors that are  still unknown that may influence it, so I guess we will see this a few more years especially when the academe conducts more studies on these correlations.  Imho.

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[matchi2011]

Economic indicators have nothing to do with bitcoin prices, so whatever happens the economy will have no big effect which is 
against the price of bitcoin. What affects the price of bitcoin is whales, because whales have a large capital. So once a transaction
will affect the price of bitcoin, for example whales make a deposit then the price of bitcoin will automatically rise and if the whales
withdraw, the bitcoin price will automatically go down. My conclusion economic indicators do not affect bitcoin directly.

I have not seen yet any formal study(s) that tackles this subject matter and its too early to say or assert anything since there is a broad set of indicators that may or may not affect Bitcoin! The Bitcoin and crypto evolution is just getting started and there are many economics factors that are  still unknown that may influence it, so I guess we will see this a few more years. 

There's no proper indicators that will accurately point the reason why market will move to any certain directions, we do need to keep basing things with personal experiences that will allow us to entrust our investment. No wonder how things got anticipated by most of those successful traders which also basing everything with past  experiences and let them to win from every position that they've place.

[btc78]

I am thinking allot about the money printing,  as by far, it is indicating the the world needs more fiats as the economy needs it. If that is so, then more people will have much of their fiats compared to bitcoin or crypto. But in other way, we might also think that these huge volume could be the reason why cryptocurrency will become better as people will have more fiat to convert. In simple words, it was really hard to co-relate the economy made by fiats to the economy that we will going to make through the help of cryptocurrency.

Let’s not generalized bitcoin on this point because we all knew that wrong even covered 1/4 of the people in the world to accumulate or even know what bitcoin is all about so comparing or making both fiat and bitcoin a choice is not in related
For me there’s no favor bitcoin take from this instead it’s the economic problem of each government and bitcoin has other problem as well

So let’s lave the problem to the government and let’s face our own here in crypto

[RapTarX]

I don't think it's affecting much, you know there's very low co-relation between the economic factors with cryptocurrency, cryptocurrency is yet to be a part of the national economy of any country.
There's a little co-relation with gold market though.

I discuss here : https://youtu.be/UPyo0n51qJA

It would be better if you had shared some info here.

[bounceback]

statements about that topic I don't seem to be able to consider the right or wrong economic indicators supporting bitcoin but I don't think it has anything to do with cryptocurrency because we know that bitcoin is the first coin made and bitcoin is made with limited supplies unlike the fiat currency that can be printed every day to be traded and bitcoin present itself is made by satoshi without help from the government and other economies.

[peter0425]

I don't think it's affecting much, you know there's very low co-relation between the economic factors with cryptocurrency, cryptocurrency is yet to be a part of the national economy of any country.
There's a little co-relation with gold market though.

I discuss here : https://youtu.be/UPyo0n51qJA

It would be better if you had shared some info here.

That’s why it’s  funny how people made a big connection when they talk about fiat economy and cryptocurrency,since these 2 has different purpose and function,yeah they are currency created to help humans but they have different ways to appreciate
Not unless the mass adaptation happens and the crypto is accepted from merchants and governments establishments then that is different story and may consider related in future but for now?no there is no effect for bitcoin

[DaveWave]

Present economic conditions is favoring Bitcoin. US vs China trade war. Brexit in EU. Turkey's new sanctions. Venezuela's economic and political mess. These events are affecting most fiats directly or indirectly. Some financial analysts will pick the neutral Bitcoin over these unstable fiats. Bitcoin is unstable itself but free government politics and nations drama. 

[EdvinZ]

I think with the current capitalization of the cryptocurrency, which is only 200 billion dollars, the impact of global economic factors on this young market is not so significant. So far, the cryptocurrency market is not very popular and if someone wants to buy a cryptocurrency for diversity, I think he does it for a smaller part of his portfolio. The cryptocurrency market is considered a risky investment and many buys cryptocurrency, realizing that it is an unreliable investment.

[Kakmakr]

It basically means that the old Fiat system <Banking & Government> are up to their old tricks again. They did not learn anything from the 2008/2009 near economic collapse and all the mistakes that were done to lead up to that.   

The US Reserve are trying everything in their power to boost the US economy and to prevent a repeat of the 2008 problems, but the financial industry are simply ignoring the past mistakes and they are just making more mistakes. <Why, because there was no consequences for their previous mistakes, they just got bailed out by taxpayers money when they f#$%ed up.> 

All their bad decisions just push more people to "store of value" options like Bitcoin. 

[senne]

If you look at global economy today, you will notice that there is a slowdown. There is a possibility of impending recession. In such a scenario, people look for alternative investment options which isn't affected by the global recession. If you have noticed, you must know that btc has little or no correlation to the trends going worldwide. Btc can be a decent alternative investment in such a case.

[pjcaruci]

It seems to me that the price of bitcoin does not depend on something specific, rather it is an uncontrolled financial element

[electronicash]

It basically means that the old Fiat system <Banking & Government> are up to their old tricks again. They did not learn anything from the 2008/2009 near economic collapse and all the mistakes that were done to lead up to that.    

The US Reserve are trying everything in their power to boost the US economy and to prevent a repeat of the 2008 problems, but the financial industry are simply ignoring the past mistakes and they are just making more mistakes. <Why, because there was no consequences for their previous mistakes, they just got bailed out by taxpayers money when they f#$%ed up.>  

All their bad decisions just push more people to "store of value" options like Bitcoin.  

make sense. we'd probably see it clearer if governments itself owns BTC this time and that its not just the Ukraine who will rush the legalization of cryptocurrencies in their country. or this financial crises are just going to keep on going as a matter of fact, satoshi released this BTC and blockchain the time after the 2008/09 economic collapse to probably solve it for once.

[Expecto]

I think this indicators does not effect Bitcoin at all. Gold is a very powerful option but Bitcoin is going on the pathway of gold. I believe it will reach gold's level in 10 or 15 years too.

[darkangel11]

They do favor it and apart from the indicators you've pointed out there's so many little things happening that give us a hint how valuable Bitcoin can be.
One of those indicators is the recent Bank of America failure where all ATMs and terminals shut down. It happened just now, when systems are supposed to have backups and stuff. Once people realize how easy it is to lose access to money held on centralized accounts they'll turn to Bitcoin. Gold would be fine but you can't pay with it. And what about sending it to someone abroad? It's never going to win over Bitcoin.

[Kyraishi]

1) Yield curve flip
3) Quantitative easing ( more money printing )

This is just a consqeuence of the US government manipulating the economy so their own economy will be able to flourish again. Most large countries like China and US have already slowed in GDP growth in the recent years due to a technical "hardcap", whilst advanced economies with space to move are able to still grow.

2) Trade Wars

Likely just Trump/USA and China being shit-heads. Both are in the wrong here, too much information to summarise this - just google it.

4) Experts talk up gold

Wasn't this always the case?

This is just going to push more members to BTC and other cryptocurrencies as methods of storage.