Topic: BCT's drop and CPI Report 😧 - page 2. (Read 290 times)
We've already waiting for the CPI announcement like every month and it's a hit or miss for us. But so far it did have put a dent on the market, nevertheless is not like that we haven't seen the price going up/down by 10% in a single day. And specially in a bear market? we shouldn't be surprised by it. I guess the better approach is how it will affect the price in the long term, or let's see if at the end of the month we are below $20k. So there's no need to panic just before the market goes down from $22k->$20k.
I see today many articles about the bitcoin price drop because of the consumer price index report while we are still on the bearish market and sometimes the price starts a complex price movement so having another red candle is not really surprising for us this is a market situation while the most important thing is the sharp movement which caused because of the reading this news on the market, we all know usually after releasing this news the sharp price movement is something we all expect for while I believe this cannot have major effect in long term.
We are in bear market, this should not be a surprise.
With all of the recent hype because of the ETH Merge, while still on a bear market, most of the narrative these days didn't even bring up the CPI variable before.
What hype? Nothing more than significant reduction in power usage as the merge is about changing from PoW to PoS. No fee reduction and no improvement yet on scalability.Which are the next events that you think will negatively impact BTC prices? I was thinking about the next halving, but I would also like to hear all of you guys’ opinions.
You talked about halving, which means positive even, not negative. Surely, halving would lead to another massive bull market. 
Hey fam, today we saw one of the major 2022 red candles,
A single red candle after 6 green ones is not really a major one. We have had more "major" red candles in the past that were on an actual down trend like from 7 to 14 of June with a total of 35% drop.This makes it more of a panic sell.
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not only for BTC, but, also on the crypto market.
Shitcoin market always dumps every time bitcoin price makes a bigger than usual move.Quote
With all of the recent hype because of the ETH Merge, while still on a bear market,
Shitcoin stuff are irrelevant to bitcoin price moves.Quote
most of the narrative these days didn't even bring up the CPI variable before.
Possibly because it is mostly unrelated.Not to mention that if you think about it, the hedge against inflation (ie. bitcoin) should go up not down when they report high inflation!
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Which are the next events that you think will negatively impact BTC prices? I was thinking about the next halving, but I would also like to hear all of you guys’ opinions.
Halving has always been a positive impact not a negative one. I don't see that changing this time. 
Hey fam, today we saw one of the major 2022 red candles, not only for BTC, but, also on the crypto market. I have seen a lot of activity over social media regarding the 10% price drop and would like to ask if this is something you had already under your radar.
With all of the recent hype because of the ETH Merge, while still on a bear market, most of the narrative these days didn't even bring up the CPI variable before.
With all of the recent hype because of the ETH Merge, while still on a bear market, most of the narrative these days didn't even bring up the CPI variable before.
Anyway, in a bear market as we find ourselves, there is usually volatility, which means that any little thing can affect the price. The CPI report affected the markets in general.
Which are the next events that you think will negatively impact BTC prices? I was thinking about the next halving, but I would also like to hear all of you guys’ opinions.
The next halving affecting negatively? Explain that. So far halvings have positively affected the price and have the logic that as supply is reduced, the price tends to rise by the law of supply and demand.
Hey fam, today we saw one of the major 2022 red candles, not only for BTC, but, also on the crypto market. I have seen a lot of activity over social media regarding the 10% price drop and would like to ask if this is something you had already under your radar.
With all of the recent hype because of the ETH Merge, while still on a bear market, most of the narrative these days didn't even bring up the CPI variable before.
Which are the next events that you think will negatively impact BTC prices? I was thinking about the next halving, but I would also like to hear all of you guys’ opinions.
Article as reference for the topic: https://twitter.com/thetokenist/status/1569813095664713729?s=20&t=wE8XTBV8uZY63xlxTsqoiA
With all of the recent hype because of the ETH Merge, while still on a bear market, most of the narrative these days didn't even bring up the CPI variable before.
Which are the next events that you think will negatively impact BTC prices? I was thinking about the next halving, but I would also like to hear all of you guys’ opinions.
Article as reference for the topic: https://twitter.com/thetokenist/status/1569813095664713729?s=20&t=wE8XTBV8uZY63xlxTsqoiA
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