hugeblack
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July 31, 2022, 05:44:50 PM |
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When you say it goes up, you need to increase by more than 30% at the same moment of announcing the results of inflation or a short period of them to prove the relationship between the two things, something that did not happen, but there was a traditional increase in the price.
As for the reason for the increase, not the decrease, which is that the markets were expecting the worst, and pricing began according to that worst event, which did not happen, and therefore this positivity is naturally in the form of an increase in the price.
Finally, many believe that raising interest rates will not solve the problem of inflation.
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The Sceptical Chymist
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July 31, 2022, 06:07:52 PM |
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It's not just crypto; the stock market is still soaring and has been for over a decade now--it's been the longest bull market in recorded history.
As far as the talk about recessions and so forth, I'm not entirely convinced we're in one yet. I don't doubt that one is coming, but frankly with all the jobs still open and companies looking for workers to fill those positions with, it doesn't feel like a recession has hit. Sure, inflation is taking off, but the economy still seems fairly strong (to me, anyway). And bitcoin has been known to not follow what stocks or other asset classes are doing.
It is and always has been a playground for speculators and straight-up gamblers, so it shouldn't come as a suprise that the price of bitcoin hasn't tanked worse than it already has--and remember, it did take quite a beating in the past few months. It was over $63k last year, and it dropped to less than 1/3 of that. If we're in a recession, I'd say bitcoin did in fact drop accordingly (but I still don't think we're in one).
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fullhdpixel
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July 31, 2022, 09:58:29 PM |
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The crypto market definitely behaving in mysterious ways lately. It seems like we turn from bullish to bearish and vice versa on the daily.
I find it a bit odd that the market is pumping on the news of a recession.
Is Bitcoin and crypto proving it really is a hedge against the devaluing of the dollar, or is the fact it was only a 75bp hike until September that maybe caused the case for optimism?
Do you guys Believe in this pump or is it just temporary until another leg down? I personally am not sure so I'm just slowly DCAing in to my favourite projects.
I understand all of those questions popped on your mind but this is the normal market for crypto that we have. Whether we have recession or none, we'll always get to see the crypto market pumping and dumping. With good or bad news, the market will always react at both sides, positive and negative, decrease and increase. You should get used to it when you see it go from side to side. There's really nothing to think about it that much when you see it fall and rise. Crypto works in two cycles so once one of the side is done then it's now turn for the other side to shine and it will happen no matter what. It's true that news do have an impact on the price though not too often and not all times the effect are strong but sometimes the effect can also be small. Maybe this is what's happening lately. It's also possible that the effects are just delayed like last time where there a news about whales buying cryptos. I wonder why the crypto price didn't move upwards but the effect starts kicking in later on. A lot of people wonder what is the cause of it but I didn't. I tell them that it was because of the news that we have last time.
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Dunamisx
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July 31, 2022, 10:11:11 PM |
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I find it a bit odd that the market is pumping on the news of a recession. Why should you? don't you know that news itself has a little impact contributed on bitcoin price, while talking about the economy recession the cryptocurrency market is not dependent on it and moreso, there will be increasing bitcoin price because the more the recession is coming closer the more the people seeks for an alternative to survive from it in which bitcoin is one of the available solutions, inflation is nowhere to be found in cryptocurrency while recession is what fiat has left as a choice for the economy.
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arallmuus
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July 31, 2022, 10:44:05 PM |
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On the one hand, there are people who are saying that Bitcoin could benefit from this recession Always though. Its like bitcoin and crypto is pretty much always the 'solution' for the current world problem according to those type of people. Well not saying that Im pessimitic with it but its just doesnt make sense at all. For me, the movement of Bitcoin's price right now is not really related to the recession issue.
Its not completely unrelated as well though. Basically everything that is related to the world's economic is going to affect the price of hedge instrument and in this case, it affect's bitcoin. Although that I can say with the certain that holding bitcoin in recession wont do anything major but atleast majority people seems to believe in it
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sheenshane
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July 31, 2022, 10:58:32 PM |
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Do you guys Believe in this pump or is it just temporary until another leg down? I personally am not sure so I'm just slowly DCAing in to my favourite projects.
You already answered your question here. No one can tell us what's the perfect movement of the Bitcoin price, it's remained unpredictable and no one knows in the future. Stick to Bitcoin and that's right, you're on the right path investing Bitcoin in a DCA way, you can minimize your losses through this method. Speaking about recession, that's a different story here but sometimes these fundamental reports really have an impact on the price and it could be Bitcoin is a safe place against recession.
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Vaskiy
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July 31, 2022, 11:05:25 PM |
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Do you guys Believe in this pump or is it just temporary until another leg down? I personally am not sure so I'm just slowly DCAing in to my favourite projects.
You already answered your question here. No one can tell us what's the perfect movement of the Bitcoin price, it's remained unpredictable and no one knows in the future. Stick to Bitcoin and that's right, you're on the right path investing Bitcoin in a DCA way, you can minimize your losses through this method. Speaking about recession, that's a different story here but sometimes these fundamental reports really have an impact on the price and it could be Bitcoin is a safe place against recession. Well said, the bitcoin market is completely uncertain and it doesn't bother about the other markets. At times it coexist and moves in a mutual way. We were unable to predict what form of movement it has taken right now. Everything is mere prediction and it's move for now is independent. I see this to be the reason for the price of bitcoin going high amidst the ongoing recession.
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sunsilk
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August 01, 2022, 09:27:38 AM |
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I understand all of those questions popped on your mind but this is the normal market for crypto that we have. Whether we have recession or none, we'll always get to see the crypto market pumping and dumping.
With good or bad news, the market will always react at both sides, positive and negative, decrease and increase. You should get used to it when you see it go from side to side.
There's really nothing to think about it that much when you see it fall and rise.
Crypto works in two cycles so once one of the side is done then it's now turn for the other side to shine and it will happen no matter what. It's true that news do have an impact on the price though not too often and not all times the effect are strong but sometimes the effect can also be small. Maybe this is what's happening lately. It's also possible that the effects are just delayed like last time where there a news about whales buying cryptos. I wonder why the crypto price didn't move upwards but the effect starts kicking in later on. A lot of people wonder what is the cause of it but I didn't. I tell them that it was because of the news that we have last time. Sometimes good and bad news do impact the market too late or almost no effect at all. That's why you have to balance your judgment in the market if you see it going according to your analysis whether it's with technical analysis or fundamental analysis. These cycles are happening no matter what we do. This time, we don't know how long the market will be quite at the bottom. Although honestly, this bottom doesn't seem to be a very low marking if you've been here for a long time.
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Smack That Ace
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August 01, 2022, 10:42:01 AM |
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~ I see this to be the reason for the price of bitcoin going high amidst the ongoing recession.
Bitcoin didn't go high, it was just a slight rally and was seen as more of a price trap. Not only bitcoin but other markets also rallied after the Fed rate hike announcement, simply in my opinion the market ran before the official news because the previous predictions also suggested that the FEC will increase 75 points. The cryptocurrency market is still closely correlated with other markets, it is already a part of the financial world, no longer stands apart.
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LastKiss
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August 01, 2022, 12:02:34 PM |
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~snip~ I find it a bit odd that the market is pumping on the news of a recession. Is Bitcoin and crypto proving it really is a hedge against the devaluing of the dollar, or is the fact it was only a 75bp hike until September that maybe caused the case for optimism? Do you guys Believe in this pump or is it just temporary until another leg down?
Well in my place a lot people choose gold over crypto since gold is safe haven for them, but in crypto this low price is an opportunity for us to accumulate more since this price probably won't be seen again in the future so your DCA strategy is the best option right now. There's still a lot of FUD about crypto out there and not many people are bullish on crypto so I don't think this year we will see a great result.
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Argoo
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August 01, 2022, 12:43:36 PM |
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In general, this is how it should be. After all, the cryptocurrency was created as an alternative means of payment for the current payment system of states, which is subject to periodic inflation. Cryptocurrency is not tied to the fiat of states, although it has a price in fiat. Therefore, it would be quite reasonable if, with inflation rising, as it is now, people turn to cryptocurrencies to protect their savings. It is possible that a small increase in cryptocurrency is provoked by an increase in inflation in most states. How sustainable this trend will be remains to be seen.
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justdimin
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August 02, 2022, 05:15:34 PM |
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In general, this is how it should be. After all, the cryptocurrency was created as an alternative means of payment for the current payment system of states, which is subject to periodic inflation. Cryptocurrency is not tied to the fiat of states, although it has a price in fiat. Therefore, it would be quite reasonable if, with inflation rising, as it is now, people turn to cryptocurrencies to protect their savings. It is possible that a small increase in cryptocurrency is provoked by an increase in inflation in most states. How sustainable this trend will be remains to be seen.
This is understanding that if there is a recession then there won't be any place left to make any profit and that is why people are working their way into crypto because they know this is at least one of the places they could protect their wealth. Gold has been doing this for thousands of years but that doesn't change the fact that you can't really make sure that gold will do exactly what you think it will do. That will help people to come to terms with bitcoin which would be making a lot more profit to you and that should be good enough. I personally do not feel the same way, but at the very least I know crypto is much better than any other option out there.
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Lanatsa
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August 02, 2022, 09:58:21 PM |
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In general, this is how it should be. After all, the cryptocurrency was created as an alternative means of payment for the current payment system of states, which is subject to periodic inflation. Cryptocurrency is not tied to the fiat of states, although it has a price in fiat. Therefore, it would be quite reasonable if, with inflation rising, as it is now, people turn to cryptocurrencies to protect their savings. It is possible that a small increase in cryptocurrency is provoked by an increase in inflation in most states. How sustainable this trend will be remains to be seen.
This is understanding that if there is a recession then there won't be any place left to make any profit and that is why people are working their way into crypto because they know this is at least one of the places they could protect their wealth. Gold has been doing this for thousands of years but that doesn't change the fact that you can't really make sure that gold will do exactly what you think it will do. That will help people to come to terms with bitcoin which would be making a lot more profit to you and that should be good enough. I personally do not feel the same way, but at the very least I know crypto is much better than any other option out there. Doesnt really matter on how long and how big you would be making and speaking with gold then it does really give out that security at least if we do compare with bitcoin or crypto as a whole which isnt surprising but since people do really love to see quick profits in a short span of time which gold cant really give that opportunity then this is where people do really pour up soo much interest with crypto which isnt something surprising. We know that crypto market is highly reactive when it comes to market news and events related thats why it wont really be that shocking thing and make out presumptions on possible movement.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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TimeTeller
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August 02, 2022, 11:10:28 PM |
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In general, this is how it should be. After all, the cryptocurrency was created as an alternative means of payment for the current payment system of states, which is subject to periodic inflation. Cryptocurrency is not tied to the fiat of states, although it has a price in fiat. Therefore, it would be quite reasonable if, with inflation rising, as it is now, people turn to cryptocurrencies to protect their savings. It is possible that a small increase in cryptocurrency is provoked by an increase in inflation in most states. How sustainable this trend will be remains to be seen.
This is understanding that if there is a recession then there won't be any place left to make any profit and that is why people are working their way into crypto because they know this is at least one of the places they could protect their wealth. Gold has been doing this for thousands of years but that doesn't change the fact that you can't really make sure that gold will do exactly what you think it will do. That will help people to come to terms with bitcoin which would be making a lot more profit to you and that should be good enough. I personally do not feel the same way, but at the very least I know crypto is much better than any other option out there. In crypto, or with bitcoin alone, even with this bearish period, one can still make profit. On a daily basis, how many times we can observe the up and down movement, even with little movement, someone can make a profit. But one should be careful in executing the trade, because one mistake, and all those small profits can be wipe out with one loss. But it goes to show that you can definitely make a profit even in this period.
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Paul Pogba
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August 03, 2022, 02:21:16 AM |
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Cryptocurrencies always make something unique, when the economic recession actually cryptocurrencies performance continues to improve, the same thing happened in the last few years, when a pandemic occurred and made many types of investments die but cryptocurrencies continue to skyrocket, this proves that the concept of decentralization is very effective and makes investors more confident .
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dansus021
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August 03, 2022, 02:50:27 AM |
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for now on im just wait and see the news is all over the place since beginning of war and covid and yes we can see that bitcoin react to it, for now the bitcoin still at 23K price which is good rather but currently still testing at local support zone if we break that zone we might see 22K or 20K
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Lambe Ndumble
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August 03, 2022, 07:26:54 AM |
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Cryptocurrencies do not care about any conditions, even when many banned from large countries such as China Cryptocurrencies performance continues to improve, strong and large communities are the key that market law works effectively.
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Hydrogen
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August 03, 2022, 06:47:36 PM |
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The US dollar is pegged to the US economy. Negative news of the US economy, generates a negative outlook of the US dollar.
Which in turn makes inflation protected assets like commodities, precious metals and bitcoin more attractive investments.
This is the price trend and history of bitcoin. Up until it became an instrument of speculation by mega trading whales. At which point the price trend of bitcoin shifted and became correlated to US stocks. An anomaly which has become somewhat normalized with all of the new faces in crypto who don't know the past history.
Long story short. Inflation protected assets are in greater demand during times of recession. It is mainly rampant speculation in BTC which has recently shifted that trend.
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Gyfts
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August 03, 2022, 07:30:31 PM |
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It's not really going up. Keep in mind, Bitcoin has not yet faced a global economic crisis (I don't consider COVID-19 an economic crisis as it was artificially created and then artificially resolved through re-openings/money printing). Changes in the U.S. economy aren't necessarily indicative of a the global economic status, nor are small changes in Bitcoin's price directly correlated to the state of the U.S. economy. And to be clear, the recession effects usually lag. Once companies begin to stop hiring or lay off workers, that's when the global ramifications happen. Large corporations beginning to slow their economic activity is what creates a snowball effect. Perhaps that's when BTC's price can really be analyzed within the context of a recession.
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BRINIRHA
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August 04, 2022, 04:10:10 AM |
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people are starting to realize the benefits of bitcoin and the freedom it offers. because even today the local currency is affected by inflation and subsequently by a recession as the value of the euro continues to decline towards the dollar.
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