What will Fed take tomorrow?

[yudi09]

Well Biden will veto everything in 2023 and 2024

but come Jan 2025 things will explode under trump or whomever the republicans get in.

I recommend to buy.
Basically when I see and read the OP's post, why wait for the decision to be taken by the FED. The impression is that the price of Bitcoin depends on them when the economy is or will face inflation. Wouldn't one day fiat currency lose its value?

[Fundamentals Of]

Well Biden will veto everything in 2023 and 2024

but come Jan 2025 things will explode under trump or whomever the republicans get in.

I recommend to buy.
Basically when I see and read the OP's post, why wait for the decision to be taken by the FED. The impression is that the price of Bitcoin depends on them when the economy is or will face inflation. Wouldn't one day fiat currency lose its value?

There is a big difference between a person who just buys and a person who buys with some basis. With the latter, he could maximize his investment, buy at a possibly cheaper price, get a better position, avoid getting liquidated, etc.

I won't criticize OP for asking whether this is the best time to buy or not, or to short or long, or to take a more risky or less risky position, etc. It is always better to be informed. OP is not just buying or into DCA, he's into leverage. There is high risk. So he needs to consider certain circumstances that affect the market.

Whether we like it or not, Bitcoin is affected by macroeconomic decisions and their implications.

[adaseb]

Tomorrow are the employment numbers. And most likely nothing will come of this unless…

We get a very high unemployment rate and then we should rally since this is what JPow said on the conference on Wednesday that he wants a better employment market and not one that is too tight.

We get a very low unemployment rate then we will obviously dump because it means that the fed will have to be more aggressive on his hikes.

However most likely it will be average and nothing will happen.

[LittleBitFunny]

I think if you are a smart trader you should limit your trading before and after these big events are announced as the price will be very volatile and almost unpredictable. Yesterday's Bitcoin price was like a hunt, up and down, kill long and kill short, almost no one was profitable. And if you're a long-term holder, don't worry too much about the news, buy when you can.

Tomorrow are the employment numbers. And most likely nothing will come of this unless…

We get a very high unemployment rate and then we should rally since this is what JPow said on the conference on Wednesday that he wants a better employment market and not one that is too tight.

We get a very low unemployment rate then we will obviously dump because it means that the fed will have to be more aggressive on his hikes.

However most likely it will be average and nothing will happen.

In November we still have a lot of events going on but the most prominent, I think the midterm elections in the US so I don't think there will be too much volatility until then. So I think tomorrow's unemployment index will benefit the market or else will not have any negative effect on the market.

[ethereumhunter]

Well Biden will veto everything in 2023 and 2024

but come Jan 2025 things will explode under trump or whomever the republicans get in.

I recommend to buy.
Basically when I see and read the OP's post, why wait for the decision to be taken by the FED. The impression is that the price of Bitcoin depends on them when the economy is or will face inflation. Wouldn't one day fiat currency lose its value?

Yes, buying bitcoin, for now, may be a good decision but don't buy it all-in right away because we don't know if the bitcoin price will plunge deeper than now or can stay at the current price. Maybe we need to test the price of bitcoin by buying it in small quantities and continuously monitoring it to know what will happen next. Don't panic if it turns out that the price of bitcoin drops deeper than now because it is a good time to buy more bitcoins.

Maybe one day, the fiat currency will lose its value but I'm not sure because each government will still try to keep its fiat money and provide full support. Inflation may come sooner than we analyze; before that happens, we must be prepared to take advantage of the existing situation for our benefit.

[Pierre 2]

Well Biden will veto everything in 2023 and 2024

but come Jan 2025 things will explode under trump or whomever the republicans get in.

I recommend to buy.
Basically when I see and read the OP's post, why wait for the decision to be taken by the FED. The impression is that the price of Bitcoin depends on them when the economy is or will face inflation. Wouldn't one day fiat currency lose its value?

Answer to last question is obvious, it will %100 lose its value. Overvalued United States Dollar is not gonna be beneficial in long run for a country like USA with huge debt. When they feel they safely combatted inflation out, they will start to weaken Dollar to make it more competitive. People will start to spend less but invest more. And Bitcoin will start its domination at that point. But we are not there yet. Just bit more months to come.

[Davian144]

I recommend to buy.
Basically when I see and read the OP's post, why wait for the decision to be taken by the FED. The impression is that the price of Bitcoin depends on them when the economy is or will face inflation. Wouldn't one day fiat currency lose its value?

As long as the heart and confidence of each other to continue to make purchases before hearing the decision from the FED. I don't think there is anything wrong with this, either for people who buy directly without listening to anyone's decision, including the FED, as well as for those who are still afraid to buy and believe more in what the FED will say.

Because it is part of the decision on each individual as to what they want to buy at this time and I think your advice is also not wrong if you want to buy without having to wait for a decision from anyone.

[yudi09]

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I recommend to buy.
Basically when I see and read the OP's post, why wait for the decision to be taken by the FED. The impression is that the price of Bitcoin depends on them when the economy is or will face inflation. Wouldn't one day fiat currency lose its value?

There is a big difference between a person who just buys and a person who buys with some basis. With the latter, he could maximize his investment, buy at a possibly cheaper price, get a better position, avoid getting liquidated, etc.

-

Whether we like it or not, Bitcoin is affected by macroeconomic decisions and their implications.

People who buy earlier compared to people who buy now there is a clear difference.
Remember when the FED raised interest rates by 0.75% in July? Bitcoin price strengthened as the news emerged ahead of the conference.
Choosing to buy before the Bitcoin price crosses $21k is a good form of decision making.

No matter how strong macroeconomic factors influence market conditions, it will not change the value of Bitcoin.

[EarnOnVictor]

Well Biden will veto everything in 2023 and 2024

but come Jan 2025 things will explode under trump or whomever the republicans get in.

I recommend to buy.
Basically when I see and read the OP's post, why wait for the decision to be taken by the FED. The impression is that the price of Bitcoin depends on them when the economy is or will face inflation. Wouldn't one day fiat currency lose its value?

Answer to last question is obvious, it will %100 lose its value. Overvalued United States Dollar is not gonna be beneficial in long run for a country like USA with huge debt. When they feel they safely combatted inflation out, they will start to weaken Dollar to make it more competitive. People will start to spend less but invest more. And Bitcoin will start its domination at that point. But we are not there yet. Just bit more months to come.

The psychology behind trading is that Bitcoin would have the moments it appreciates, the same goes for the USD. This calls for caution in view of this trading competition, many had iterated that the USD would have a worse year in 2022 against Bitcoin, but you see what is happening. I'm still in favour of the strong USD, only that Bitcoin has the backing of some ardent buyers too. So, if it falls, the falling would never be much, and I don't think it would appreciate against the USD significantly in the remaining weeks of 2022 either. Except that 2024 is a crucial bull run for it.

[stompix]

So, a full trading day was over and it was rather uneventful, every single move was already priced in, and not even the full speech about the future possibilities dint triggered anything but rumors that dies down pretty fast.

If there will be a rally most likely the first possible date for it will be Nov 10, that's when the inflation data is released, if inflation growth has cooled off or we see things better than expected this will mean no more aggressive rate hikes and probably straight to 25k at least, a few good months and we will revert all the loss when this shit started back in April.

Basically when I see and read the OP's post, why wait for the decision to be taken by the FED. The impression is that the price of Bitcoin depends on them when the economy is or will face inflation. Wouldn't one day fiat currency lose its value?

One day, but it's nowhere near.
Just the fact that we're still down 50% since spring despite inflation it's a clear thing that it's not fiat currently that is losing value the worse.
If those months have attached us a less is that you simply can't think of an asset commodity or whatever investment to go x10 in value in difficult economic times, for one to gain value you need money and there is not that much on the side for investment currently.

[fuguebtc]

Well Biden will veto everything in 2023 and 2024

but come Jan 2025 things will explode under trump or whomever the republicans get in.

I recommend to buy.
Basically when I see and read the OP's post, why wait for the decision to be taken by the FED. The impression is that the price of Bitcoin depends on them when the economy is or will face inflation. Wouldn't one day fiat currency lose its value?

Answer to last question is obvious, it will %100 lose its value. Overvalued United States Dollar is not gonna be beneficial in long run for a country like USA with huge debt. When they feel they safely combatted inflation out, they will start to weaken Dollar to make it more competitive. People will start to spend less but invest more. And Bitcoin will start its domination at that point. But we are not there yet. Just bit more months to come.

I agree with you that the US government will find a way to lower the value of the dollar once inflation is kept below a stable level, then everything will return to normal and the investment trend will return. But what is the basis for you to think that in just a few months, everything will be back to normal soon, inflation is still high and the Fed has announced that it will continue to raise interest rates into 2023, plus the war situation has not cooled down, how will inflation decrease? I think we'll need more than a couple of months to fix all of this, I predict maybe 2024 or early 2025.