ECB to start quantitative easing. Bitcoin beyond the moon?

[alexeft]

Everyone expects that the ECB will start quantitative easing. Will that push bitcoin up?
I think it will!

What say you?

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[Painful Truth]

No. I don't think so.

There is QE going on in the US. And the Americans are not buying coins like there is no tomorrow.

So i dont think the EU will either.

[itsAj]

The ECB start QE? The last I checked the ECB, along with most other large central banks has been employing QE for years.

[bananaControl]

So a negative rate wasn't enought, what a surprise. Not long ago the ECB told us that QE wasn't necessary yet.

Can we get a link to the story?

And no, this will not immediately have any effect on the price of BTC.

The ECB start QE? The last I checked the ECB, along with most other large central banks has been employing QE for years.

Not the ECB itself, though some national central banks like in the UK have done so.

[pgbit]

So a negative rate wasn't enought, what a surprise. Not long ago the ECB told us that QE wasn't necessary yet.

Can we get a link to the story?

And no, this will not immediately have any effect on the price of BTC.

The ECB start QE? The last I checked the ECB, along with most other large central banks has been employing QE for years.

Not the ECB itself, though some national central banks like in the UK have done so.

A related news story: https://www.bloomberg.com/news/2014-08-24/draghi-pushes-ecb-closer-to-qe-as-deflation-risks-rise.html

[bananaControl]

A related news story: https://www.bloomberg.com/news/2014-08-24/draghi-pushes-ecb-closer-to-qe-as-deflation-risks-rise.html

Thanks

[wachtwoord]

The Euro relative to the Dollar is at it's lowest rate in quite a while because the ECB only hinted at QE ....

[alexeft]

Can we get a link to the story?

I only have it in Greek, sorry. But you already got a link.

[Dalmar]

If the ECB does QE then EU stocks will go up like US stocks did in their QE phase.
Going leveraged long on EU indices is a much safer bet than gambling on bitcoin price appreciation due to ECB QE.

[botany]

If the ECB does QE then EU stocks will go up like US stocks did in their QE phase.
Going leveraged long on EU indices is a much safer bet than gambling on bitcoin price appreciation due to ECB QE.

And so will stocks in emerging markets. The extra Euro will flow into other markets, cause their prices to go up, and crash once there is a hint of QE being withdrawn.

[cypherdoc]

as a cycle analyst, i would not be buying stocks in any non-US market based on assumptions that QE will drive prices.  it could in fact make it worse.  look at the charts of Germany, Spain, and Italy.  they've all rolled over and assuming QE is going to change that is risky.  comparison to the US and QE is not appropriate as we have the world's reserve currency so the dynamic is different.  non-US economies tend to be much more fragile and prone to disruptions so the risk is high.  in fact, deflation may be starting to rear it's ugly head once again in a new cycle of downturns to come.  buying a falling knife could hurt.

[alexeft]

So, it's CCMF really!!!

[ensurance982]

Could someone provide an easy explanation of what that means? I think we should have a short concise explanation in the opening post as to what this implies and potentially means for us. Preferably an objective and not too biased one

[alexeft]

The ECB will be printing many many euros to prevent deflation.

[cypherdoc]

The ECB will be printing many many euros to prevent deflation.

buy Bitcoin

[wachtwoord]

The ECB will be printing many many euros to prevent deflation.

buy Bitcoin

Or stocks.

[kireinaha]

And why would people ditch their fiat, which has a historically low, steady inflation rate for bitcoin, which has dropped in value 50% since the start of the year with no end in site?

See, you guys need to stop and think about this shit for a moment.

[alexeft]

And why would people ditch their fiat, which has a historically low, steady inflation rate for bitcoin, which has dropped in value 50% since the start of the year with no end in site?

See, you guys need to stop and think about this shit for a moment.

What is the difference between a sure loss and a 99.9% chance of winning?

[kireinaha]

And why would people ditch their fiat, which has a historically low, steady inflation rate for bitcoin, which has dropped in value 50% since the start of the year with no end in site?

See, you guys need to stop and think about this shit for a moment.

What is the difference between a sure loss and a 99.9% chance of winning?

I wouldn't call bitcoin a "sure loss"... but at this point I'd say it has a good 50% (if not more) of fading to obscurity. The upside potential isn't nearly as fantastic as the pumpers here would like you to believe.

Also, keeping your money in fiat isn't "winning" but at least it's safe.

[adamstgBit]

idk but if QE fails thats the end of the road for fiat.