The US CPI has strong influence on Bitcoin (a reason for the current rise)

[Jaksjol675]

The rising inflation of the U.S. dollar. While inflation is on average 2% each year, recent stimulus spending is poised to greatly increase the level of inflation and decrease the dollar's purchasing power.

With the recent stimulus packages, the United States has added around $2.4 trillion to the economy. This has many worrying about the inevitable decrease in the dollar's purchasing power and the rise in inflation.

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[EarnOnVictor]

Everyone gives reasons for the price movement but hardly wonder why it happens when the one who controls the price says it will happen.
I guess we could choose a time period when almost everyone expects the price to go in a particular direction so that the one who controls the price makes it go opposite direction.

You are getting one thing wrong, no one controls the market, and if you know anyone that controls the market, spit it out. No one knows it all, we as holders and traders of Bitcoin should know how to speculate through economic and technical ways, which I see nothing wrong in bringing a good idea on board. Or do you want to tell me that CPI does not affect Bitcoin?

[Jating]

Also whether only US CPI will affect the bitcoin price or other country's CPI would also effect the bitcoin price that is also a major question.

No one is saying only CPI is affecting the price of Bitcoin, how could anyone say that? One thing I've noticed is that you guys are always moving away from the subject matter when you reply. This topic was on the effect of inflation on Bitcoin, so should I drag others to it? Why? Inflation can never be the only factor affecting Bitcoin but I can't include that in the inflation discussion.

I think the CPI is a big changer, not just in crypto, but the effect it has on other traditional markets. And can see they were all affecting by the news, everyone goes down, and we can say that crypto market is the most impacted by the news so I will say it has influence all over so much so in our market. So we will see again next month, and hopefully it will not be as felt as we had this month because we are enjoying a good recovery already and suddendly the news change it in snap wiping out the market.

[Hydrogen]

The big question is whether crypto exchanges would see different price trends with higher trading commissions.

Prior to 2017, crypto exchanges charged commissions on trades. It was that post 2017 era where commission less trading was introduced where things may have gone a bit off the rails. That was around the time we began to see decoupling between bitcoin and its historical price trends. I would guess the majority don't pay attention enough to notice those details. There is a long train of events which led to our current day predicament. Being isolated and insulated from history, usually leaves us powerless to fix current issues or prevent future ones.

In attempting to solve modern day problems. It appears most simply support whichever solution involves the least amount of time and effort on their part. If its true that we can expect our results to equal the fruit of our labors. The time and energy we put into something. Then a minimum of effort would appear to correlate with a minimun of results. "An ounce of prevention being worth a pound of cure", further diminishes our returns. Considering our actions are always reactionary and never preventionary in nature.

Market mechanic based technical trading has also arguably become decoupled from historical price trends in traditional stocks and bonds as well as emerging crypto.

[EarnOnVictor]

I think the CPI is a big changer, not just in crypto, but the effect it has on other traditional markets. And can see they were all affecting by the news, everyone goes down, and we can say that crypto market is the most impacted by the news so I will say it has influence all over so much so in our market. So we will see again next month, and hopefully it will not be as felt as we had this month because we are enjoying a good recovery already and suddendly the news change it in snap wiping out the market.

Thank you for this! After all, there are some people that know about the market and how inflation is strongly affecting it in recent years. If you read through this thread, you would see a lot of opposition, nearly all that replied opposed me despite being ignorant. I guess it was because I was a newbie when I put the piece together in August. Not knowing that even the best traders/speculators in the world would always join the BTT from a low rank. Another CPI report in September has vindicated me.

See the link to the alert I issued before the news was released on Tuesday: https://bitcointalk.org/index.php?topic=5413398.0