Will Bulls Decide BTC is an Inflation Hedge & Charge?

[hatshepsut93]

The ATH  was one year ago. The market participants are still preferring to wait for signs that the true bottom has been reached. The fact that Bitcoin rallied last year on anti-inflation hype, but isn't rallying now only means that the reason wasn't fundamental, it was just pure speculation and the narrative was a rationalization for a typical bull/bear cycle.

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[suzanne5223]

As we all know the BTC narrative is that it is protection against inflationary FIAT currencies worldwide. Granted since it's inception inflation has not been spiraling out of control but it sure is now!

Yes, Bitcoin was designed to resist inflation and also serve as a hedge fund but that doesn't mean it is the answer to every problem or a bulletproof currency because it was also designed to experience a dump in price since the market is highly volatile and it is like the say "every great opportunity comes with great risk"

It is puzzling to me that the bulls are not stepping in scooping up more BTC at this price. Is it because no one wants to go first? I would have thought there would be some coordination between a few of them it will start the mother of all bull cycles but it seems no one is prepared to get the ball rolling.

People don't prepare for any bull cycles to happen because the Bitcoin market has shown that it's replicating the previous old momentum market correction and later bloodbath but the good thing is they always introduce investors to buying low chance.

[pooya87]

It is puzzling to me that the bulls are not stepping in scooping up more BTC at this price.

Unless you are the owner of all bitcoin exchanges or have some privileged access to their private history you can not make this claim. The fact is that in times like this when price is at a bottom and the accumulation phase is going on, regardless of what may happen next, there are a lot of people who are "accumulating" bitcoin. But they do it in a way that it doesn't affect the price because they want to maximize their profit.

[electronicash]

It is puzzling to me that the bulls are not stepping in scooping up more BTC at this price.

Unless you are the owner of all bitcoin exchanges or have some privileged access to their private history you can not make this claim. The fact is that in times like this when price is at a bottom and the accumulation phase is going on, regardless of what may happen next, there are a lot of people who are "accumulating" bitcoin. But they do it in a way that it doesn't affect the price because they want to maximize their profit.

holding BTC while there is recession can be a hard task and the whales are waiting for them to sell for the lowest possible price. if they believe that price can dive to $20K, they might just wait for it and make a transaction OTC. 

doesn't act like a hedge when the value of BTC goes down while the inflation also keeps the goods prices soaring. its like two swords piercing holders.

[pooya87]

holding BTC while there is recession can be a hard task and the whales are waiting for them to sell for the lowest possible price. if they believe that price can dive to $20K, they might just wait for it and make a transaction OTC. 

doesn't act like a hedge when the value of BTC goes down while the inflation also keeps the goods prices soaring. its like two swords piercing holders.

A real holder doesn't buy the peaks but instead buys the dips.
When you the dips, you don't look at what the peak ($60k) were, you look at the fact that all this time you have been accumulating bitcoin at prices that are far below the current $25k-$35k range that price keeps going up and down inside. You also won't care about short term fluctuations since a holder looks at long term potential. Like for example 2019 when holders didn't care that price is in $3k range and may drop lower since today it is 10 times higher than that price.

[GreatArkansas]

As we all know the BTC narrative is that it is protection against inflationary FIAT currencies worldwide. Granted since it's inception inflation has not been spiraling out of control but it sure is now!

Yes, Bitcoin was designed to resist inflation and also serve as a hedge fund but that doesn't mean it is the answer to every problem or a bulletproof currency because it was also designed to experience a dump in price since the market is highly volatile and it is like the say "every great opportunity comes with great risk"

It seems that these dumps arrived at the wrong time, as you can also know we experienced a huge bull run last year, after we breached the $20,000 from last 2017-2018 bull run, we went up to almost $60,000 and for me, what we experiencing right now is just a correction from last year.
I believe in Bitcoin for the long term, we are still early. A lot of people expected that Bitcoin will be good because of the current inflation rate, but for me, it will not take effect immediately.

[suzanne5223]

As we all know the BTC narrative is that it is protection against inflationary FIAT currencies worldwide. Granted since it's inception inflation has not been spiraling out of control but it sure is now!

Yes, Bitcoin was designed to resist inflation and also serve as a hedge fund but that doesn't mean it is the answer to every problem or a bulletproof currency because it was also designed to experience a dump in price since the market is highly volatile and it is like the say "every great opportunity comes with great risk"

It seems that these dumps arrived at the wrong time, as you can also know we experienced a huge bull run last year, after we breached the $20,000 from last 2017-2018 bull run, we went up to almost $60,000 and for me, what we experiencing right now is just a correction from last year.
I believe in Bitcoin for the long term, we are still early. A lot of people expected that Bitcoin will be good because of the current inflation rate, but for me, it will not take effect immediately.

No, I don't believe the dump in the price of Bitcoin arrived at the wrong time because the market is just replicating the 4-year cycles of bull ^{(new ATH price)}, bear ^{(new bottom price)} and bull ^{(new ATH price)} just like we see in the year 2017-2018. However, some people seem not to be prepared or don't believe the market will replicate its 4years cycles due to the current inflation rate you stated, and thats not how the crypto market works.
I'm just hoping for more capital to buy this dip.

[Silberman]

holding BTC while there is recession can be a hard task and the whales are waiting for them to sell for the lowest possible price. if they believe that price can dive to $20K, they might just wait for it and make a transaction OTC. 

doesn't act like a hedge when the value of BTC goes down while the inflation also keeps the goods prices soaring. its like two swords piercing holders.

A real holder doesn't buy the peaks but instead buys the dips.
When you the dips, you don't look at what the peak ($60k) were, you look at the fact that all this time you have been accumulating bitcoin at prices that are far below the current $25k-$35k range that price keeps going up and down inside. You also won't care about short term fluctuations since a holder looks at long term potential. Like for example 2019 when holders didn't care that price is in $3k range and may drop lower since today it is 10 times higher than that price.

True, a holder has to be a contrarian and take the opposite decision that the majority of the people take, most people sell at the dips while a long term holder buys them, as they consider they are buying bitcoin for a huge discount, also many people buy at the peak while a holder either keeps holding or sells a little bit to buy whatever they need or want while minimizing the amount of bitcoin they need to sell to accomplish their goals.

[Fortify]

As we all know the BTC narrative is that it is protection against inflationary FIAT currencies worldwide. Granted since it's inception inflation has not been spiraling out of control but it sure is now!

It is puzzling to me that the bulls are not stepping in scooping up more BTC at this price. Is it because no one wants to go first? I would have thought there would be some coordination between a few of them it will start the mother of all bull cycles but it seems no one is prepared to get the ball rolling.

I think that this ship has sailed at the moment, this latest price drop has definitely scared away a lot of investors - what good is calling Bitcoin a hedge against inflation if it has lost almost 60% of value since it's peak a few months back. Maybe if people are buying in freshly now and don't have any Bitcoin assets, it's a possible way to get in while the market is depressed, but many people are also predicting that it could drop even further. If stock markets start falling further (they have only had a rather small 10-20% correction so far but there is so much bad news possibly unaccounted for as well) then there is the potential for it to keep going down in correlation.