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September 02, 2022, 06:27:22 AM |
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The price of Bitcoin and a number of other crypto assets has been observed to weaken over the past 24 hours amid investor anxiety about the US Federal Reserve's hawkish policies. My question is: can Bitcoin bounce back at its Psychological level?
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September 02, 2022, 06:38:58 AM |
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It's not just about Bitcoin and cryptocurrencies. It has affected financial markets in general. Anti-inflation economic policy reduces the money supply, and with less money in circulation, the price of financial assets falls. My question is: can Bitcoin bounce back at its Psychological level?
I don't see it going up much in the next few months. In the best case scenario, I think we would get close to $30k, but until after the next halving I don't expect much joy.
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mk4
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September 02, 2022, 06:53:54 AM |
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Re: Fed policy on Bitcoin worries investors, how do you react?
Pretty simple — by continuing to keep buying at low amounts consistently, because I simply don't know what's going to happen. Like, we're going to have announcements concerning the federal reserve like every month or so; I'm not going to coin flip every single month.
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September 02, 2022, 07:19:59 AM |
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Nah it's not affect investors since they're a long term holder, but it's just affect to trader who make money from events or rumors. The high inflation make them can't buy many thing and they don't have enough side money to buy Bitcoin or invest, since it's will be used for emergency funds. Moreover due to less demand that make Bitcoin price decrease, they're not confident to buy it.
But I'm using this advantage to accumulate more Bitcoin since when the inflation already quite stable and the whole economy back to normal, it will increase money circulation and encourage people to invest their money.
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September 02, 2022, 07:38:18 AM |
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If this article came out when Bitcoin fell from $24k to below $20k, it would have made more sense. But what spectacular downtrend do you see in the last 24 hours? The value is the same, if not higher by 0.5-0.6%.
Electricity prices are going up, gas prices are exploding all around the EU, and the inflation is turning to hyperinflation. Maybe we can already consider it to be hyperinflation. In such a state of turmoil, you can't expect investors to start pouring fresh money into bitcoin when it's uncertain if they will have heating this winter.
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September 02, 2022, 07:45:58 AM |
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Electricity prices are going up, gas prices are exploding all around the EU,
Not only in the EU, but also in the USA and many other parts of the world. and the inflation is turning to hyperinflation.
You don't know the concept of hyperinflation in detail, otherwise you wouldn't say that: Hyperinflation refers to rapid and unrestrained price increases in an economy, typically at rates exceeding 50% each month over time. What Is Hyperinflation?The euro zone is not moving from 9% annual inflation to 50% monthly inflation.
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September 02, 2022, 07:57:11 AM |
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You don't know the concept of hyperinflation in detail, otherwise you wouldn't say that Perhaps not, but forget about the reported numbers for a bit and consider what you can buy with your euros. Price increases are not 3% or 5% or whatever each country reports. Everything in your shopping bag is up by 30%, 50%, and +100%. And that's a concerning fact. I can't refuel my car to go out and shop for groceries the way I could months ago. The CBDC restart of the economy is brought to you by Pfizer.
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September 02, 2022, 08:03:15 AM |
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Perhaps not, but forget about the reported numbers for a bit and consider what you can buy with your euros. Price increases are not 3% or 5% or whatever each country reports. Everything in your shopping bag is up by 30%, 50%, and +100%. And that's a concerning fact. I can't refuel my car to go out and shop for groceries the way I could months ago.
The CPI is downwardly adjusted, we agree on that, but it is not that adjusted. Some items may have gone up by 50 or 100%, but prices in general, no. My guess is that real inflation will be between 15 and 20%. Annual rate in the EU. If inflation now seems bad to you, you don't want to see a real hyperinflation scenario, which is a minimum of 50% monthly but can be much more.
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September 02, 2022, 08:08:22 AM |
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The price of Bitcoin and a number of other crypto assets has been observed to weaken over the past 24 hours amid investor anxiety about the US Federal Reserve's hawkish policies. My question is: can Bitcoin bounce back at its Psychological level? It’s possible it need time to bounce back. You can use the pre pandemic event result to Bitcoin as reference for your question. Bitcoin is on this kind of Psychological worse than this before when pandemic first hit and many people secure money in fiat because everyone is afraid for economic crisis but Bitcoin recover bounce back stronger up to the ATH after a couple of months when global market started to recover again. Bitcoin just need to hit a solid ground to create a footing for another cycle of price recovery. Bitcoin will never stay down because many user still believes and just wait for the perfect opportunity to buy. You can see that many user still posting interest of buying despite Bitcoin is dumping hard. This is a proof that Bitcoin can bounce back anytime when all crypto traders unite.
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September 02, 2022, 08:36:44 AM |
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My question is: can Bitcoin bounce back at its Psychological level?
Have they been able to ruin bitcoin yet? It's been over a decade now. Bitcoin survived from USD value nothing to over $20k now. I don't understand why would anyone need to bring what Fed thinks about bitcoin and publicize it. Bitcoin is on this kind of Psychological worse than this before when pandemic first hit and many people secure money in fiat because everyone is afraid for economic crisis but Bitcoin recover bounce back stronger up to the ATH after a couple of months when global market started to recover again.
Sometimes in March 2020 when it was below $4k everyone was panicking and thinking it's gone LOL. And then we saw over $69K of course.
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passwordnow
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September 02, 2022, 09:03:15 AM |
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Is there something that should we be worried about with that news you've shared? Well, that's been happening with every FED-related news and with every financial market news. There's always the uncertainty that this news is bringing to the bitcoin market but we're used to it and that's not a new thing that we should worry about. How do I react to it? I just react to nothing and just let it pass since it's always happening because this is a speculative market.
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LogitechMouse
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September 02, 2022, 09:14:42 AM |
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The price of Bitcoin and a number of other crypto assets has been observed to weaken over the past 24 hours amid investor anxiety about the US Federal Reserve's hawkish policies. My question is: can Bitcoin bounce back at its Psychological level? It's not only crypto market that are affected with the Fed policies but even the US Stock market as well. I've watched some youtube videos and I will agree with them that we might see a stagnant market this year whether it will be stock market or crypto market. Now with regards to Bitcoin bouncing back at it's psychological level, it depends on what is your psychological level because I think that term is very broad and general and different investors have different psychological levels. Overall, I will just say that Bitcoin might be going sideways between $20,000 and $30,000 until the end of the year. Just don't expect that something good will happen with the crypto market because the Fed already said that they will continue to increase the interest rates until the end of the year and that means negative sentiment to the investors.
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September 02, 2022, 09:41:37 AM |
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the article is about FIAT interest rates/inflation(for those that didnt click/use a translator)
it mentions the under 1% change in 24 hours.. thus topic is a story of no importance based on the content of the topic message
however based on the topic title right now everyone is seeing that inflation/hyper inflation means products,, goods and possessions are going to increase in price this year, and so everyone is trying to buy up and stockpile the physical goods of their lifestyle they may need this-next year, before they cost more.
this means selling investments to buy these things this this invested cash. later once all mid-longterm goods are bought up to be prepared for the real world physical goods price rise. people will then not need to buy that stuff in the mid-long term. thus have spare disposable cash to invest again to hedge against inflation. (no point putting cash under the mattress as it loses value in an inflation event)) so that economic game will take time over next 3month-2years)
however the mining events, of new efficient asics being released in april-june caused the hashrate to peak and comedown where people replaced 2 old gen asics for 1 new asic to be more powerful while using less energy, however now in sepember even more asics are now switching on which is causing the hashrate competition to now kick in again, raising the bottomline cost of mining a bitcoin due to new hashrate increases. and also with the energy prices increasing, which will affect everyones overall costs. which should see people re-evaluate if they want to be a miner for increasing cost, or just a buyer.
this will result on a push of the price because those with high energy costs wont want to mine btc anymore. and instead just straight up buy bitcoin
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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xSkylarx
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September 02, 2022, 01:13:59 PM |
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My question is: can Bitcoin bounce back at its Psychological level?
Long term, yes. Bitcoin will definitely return to its level last year and even surpass it. When? That is the question no one can answer. The economic crisis that we experience now won't last forever and the government will also suffer if they don't resolve it soon. Let's also add that cryptocurrencies went parabolic last year so it's normal for them to make a correction after that happens. Usually this season where cryptos are down or what we call bear cycle last for few years and if you will based on bitcoin's price history, it will recover again before or after its halving on 2024.
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Gyfts
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September 02, 2022, 04:00:26 PM |
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Global economy is in a slump and Bitcoin's price is generally tied to the state of the global economy. Predicting Bitcoin's price on micro levels is no better than a coin flip if you want to try contextualize fed policy with the crypto world. The euro zone is not moving from 9% annual inflation to 50% monthly inflation.
Hyperinflation are the last breaths of a currency. I don't see euros collapsing any time soon nor do most people. It's also probably true that 9 percent inflation isn't the ceiling either. When the energy crisis worsens in the winter time, businesses will collapse in on themselves and wage increases will be only a fraction of the inflation rate. I don't believe the EU can responsibly pull themselves out.
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kryptqnick
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September 02, 2022, 04:39:14 PM |
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If the news is about the USA and it's the board of the forum in English, why isn't the article in English as well? And when I google 'US Fed policy Bitcoin', I see nothing from the last couple of weeks, so I'm really not sure which policies and which impact on Bitcoin the op is referring to. In any case, I think that Bitcoin is safer than fiat because it's not directly a part of the global economy and isn't necessarily affected by fiat policies, trade restrictions, certainly not by fiat inflation. Bitcoin isn't doing great, but the price isn't going below $19-20k, so it's roughly the way it has been throughout the summer.
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KingsDen
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Goodnight, o_e_l_e_o 🌹
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September 02, 2022, 06:58:06 PM |
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The price of Bitcoin and a number of other crypto assets has been observed to weaken over the past 24 hours amid investor anxiety about the US Federal Reserve's hawkish policies. My question is: can Bitcoin bounce back at its Psychological level? What I have learnt recently is that the economy is interconnected and bitcoin is part and parcel of the economy we live in. I was thinking that by the design and nature of bitcoin, when other sector of the economy is affected or when there is universal inflation, bitcoin will stand out. But I have come to the great realization that bitcoin is well integrated in the economy. For the question of whether bitcoin will recover, I am so confident about that. Bitcoin is not close to her end. There are more and more use case and adoption of bitcoin world wide. Btc is penetrating seriously.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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teosanru
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September 02, 2022, 07:18:27 PM |
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The price of Bitcoin and a number of other crypto assets has been observed to weaken over the past 24 hours amid investor anxiety about the US Federal Reserve's hawkish policies. My question is: can Bitcoin bounce back at its Psychological level? Bitcoin price has been weakening everyday since past 6 months you are talking about just today? I hardly think this daily news about FED is impacting btc these days, earlier I used to think there is some effect of these things but trust me BTC has given exactly the opposite reaction on very same kind of policies and then people just keep on giving their rationals behind the price movement. Also what do you think is this psychological level you are talking about? As per me there was a psychological level which is hardly relevant now which was 35k or the 200EMA basically, It's really a long way to go back there right now.
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BIT-BENDER
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September 02, 2022, 07:33:16 PM |
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This won't be the first time The Fed are thrown in such investigations, I could remember even the EU ones had a meeting of the power consumption of Bitcoin mining. It's long tussle from the government to either have good control of Crypto-currency or restrict it.
So speaking as an investor I don't think this is worrisome to me and if the price of Bitcoin would be affected by this it won't be of tangible measures. In between as a genuine crypto-currency enthusiast I think I am of the believe that some fraudulent activities that highly needs investigation should be open for the government to investigate it, I don't believe crypto-currency space should be an alternative shelter for fraudsters or illegal activities.
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🎁 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . 375% | 200 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | 🛞 | ☆ | | ☆ | 🛞 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀ .U P T O . ▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .300€ + 50 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .F R E E S P I N S . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | 🎁 | |
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Ahli38
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September 03, 2022, 03:39:20 AM |
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maybe in the midst of this worry will make the price of bitcoin go down a little. but I think this time the fed policy will not have much effect on bitcoin. because we have been in a bear market for a long time so people's psychology is used to any situation. the panic had subsided a little. but still psychological recovery still can not be seen in the near future. so bitcoin's rise is likely to be delayed. maybe bitcoin has increased. but the increase is not so much. so what I can do today is to pay in installments from the current lowest price. because the market could be sideways a little longer. DYOR.
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