My Opinion
Today, a small amount of money has been invested in Bitcoin from people who have heard of this currency. But most of the users of this currency have not bought bitcoins. So there will be some movement in the market today. In the next few years, more people will join this community and invest their money in Bitcoin because bitcoin has a very good future.
Today's US Inflation News is showing signs that Bitcoin is going up. It is a matter of supply and demand. When there is more to offer, it lowers prices while increasing supply. If less is available, the demand will increase, so it will have a higher value.
If the actual value falls below expectations, this could push Bitcoin up later in the day, and it may take a while to adjust.
What are you saying? I guess this is off-topic entirely. And as for the inflation part, how could the increasing inflation figures bring hope to Bitcoin? So disappointing.
Three days passed and the effect of the inflation news still changing something on the markets and the cryptocurrency market is one of them. we all know how this news can affect but these are all temporary because in the short-term this will affect the market and make the price fall but after disappearing these effects the market can recover and the effect won't change anything in long term for any market.
But we've seen that the majority of the markets are connected somehow and with all the same factor that meets and it's with inflation. As for bitcoin, it should be the opposite but I guess this is a temporary connection and eventually, it will disconnect from what's happening with the world market.
I don't think that anyone could be saying this, these are inflation news, is not any ordinary news. Crypto has been battered for almost 2 years because of this and you are still calling it temporary?
It's clear that inflation is still going strong, but at least it is lower on the movement speed and that is what matters. Is it the 3% that we would like to see? It is not , but is it still going up insanely high? It is not.
If we keep this up and the rate goes on like this for at least 2-3 years, I mean the pace, then we are going to see a drop and that means 2022 will be bad but 2023 will be better, and 2024 will be actually a good year again. That is why it is not about the drop, it can't drop right away, but it is about staying steady, as long as prices do not keep on going up super high, then it means they are staying same and we can go back to normal days.
You are not getting it, this is already a clue for everyone that inflation is negatively affecting Bitcoin and it will continue to do so if it does not subsides. Meaning that good speculators will have it in their minds that they will only rely on a bullish run when inflation is only decreasing.
Whatever effect that we can think of that will not be on a long-term, it is just for the temporary but not on longtime, it is not capable of causing a change of trend or redirection.
This is where most of you are getting it wrong. You should rather speculate than assume based on instincts. The news is inflation news that happened when the weekly and monthly charts of Bitcoin are bearish in signal and you are saying it could not cause a long-term effect. Tell me, what would it cause if not long-term sell after economic and technical analyses agree on it? Let us be constructive here.
There's an analysis that Bitcoin is somehow connected to the trend of US Market so probably this can also affect the Bitcoin market just like what we are seeing right now. Real inflation in US is really huge, and continuously increasing the interest rate might affect everything, so better to have a good strategy now on how you can approach the market and still make profit. Bitcoin might stay longer in a bear market as long as the world market is still down. Hard to know though how long this temporary down is, this can take years before it recovers.
You are the only person I could see replying constructively and correctly so far, others don't even know what they are saying. The US and the USD have a major influence on the world and the world's economy, which is why any strong news from the country that could have an influence on the USD would strongly affect any asset paired with the currency. Bitcoin is no different here as higher inflation forces the risk-off USD higher, and risk-on assets like Bitcoin lower, and vice versa.
Poll
