CPI and Inflation rate discussion | Bitcointalksearch.org

virasisog

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Quote from: zonefloor on October 16, 2022, 12:24:01 PM

When we look at the world in general, there are very tense environments. Especially the war between Russia and Ukraine causes the economic crisis and inflation events to increase significantly. This war also creates an energy crisis and automatically causes prices to rise. So what I mean is that the bear season in the crypto money market will continue harshly and in my opinion, there will be very serious decreases. Because people are now in favor of keeping their money due to the future and current crisis.

Every country is experiencing an inflation crisis and no one is exempted for now. There are also occurrences that cause it continuously which also hurts the blockchain industry so we can't expect the market to recover right now. There could also be a price drop in the coming days if the inflation strikes higher so we should always expect the worst and be prepared. Saving and keeping funds for the worse scenario is the best thing that we can do to be ready.

zonefloor

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When we look at the world in general, there are very tense environments. Especially the war between Russia and Ukraine causes the economic crisis and inflation events to increase significantly. This war also creates an energy crisis and automatically causes prices to rise. So what I mean is that the bear season in the crypto money market will continue harshly and in my opinion, there will be very serious decreases. Because people are now in favor of keeping their money due to the future and current crisis.

Mame89

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Quote from: Ayers on October 16, 2022, 09:09:46 AM

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Quote from: Ayers on October 15, 2022, 10:45:32 AM

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it could be bitcoin up to 10,000 $ in the next year. now the crisis is hitting in every country. many economists predict 2023 to be crueler than covid, there will be food shortages and soaring price increases. it is predicted that this crisis will end in 2023, and it is possible that altcoins can dim temporarily and will recover in 2024 where bitcoin halving. even though this hasn't happened yet, this can be an assumption of our preparations

do you think if bitcoin drops to 10k, i believe most altcoins will die and without a temporary drop, we can call it a whole market reset? the only altcoin that will rise again i can only bet on ethereum, the rest is probably very hard to survive. inflation won't come down anytime soon and things could get worse in 2023, i think inflation will really drop when the war is over and everything in the world is back to normal. only then can we think of a bull market

altcoins lose liquid money if bitcoin occurs at 10,000$, the altcoin can be destroyed. all need backup to come back to life. but if this crisis really hits it will be difficult to redevelop dead altcoins and it all depends on the founders. If the founder doesn't have any spare money, altcoins are hard to save anymore. Everyone definitely doesn't want this big disaster to happen next year

for me, that disaster may or may not happen. many people fear that bitcoin falling too deeply will be a disaster but sometimes that is not necessarily a bad thing, it will be a real test for the market. why in 2018 bitcoin also caused a terrible crash in the altcoin market like ethereum or BNB can still exist and thrive to this day and those who believe in them have achieved great success, especially with BNB. i think there is also a real challenge for today's top altcoins like solana, dot, avax, atom... are they really worth the investment?

on the other hand, the development of crypto is also to be able to ward off high inflation or something else, actually, but many people still doubt that power is still considered less strong. For me, it's time for people to realize that crypto has a more efficient function to help things that are beyond expectations. crypto project developers will definitely continue to develop something that can change the world. sometimes there is a great pope ruler or bad news that makes us panic

Xal0lex

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Quote from: Z390 on October 13, 2022, 12:49:05 PM

What does the Increased in CPI number means for crypto future? It seems the number will keep going up and up, I thought 17,500$ is the bottom but it seems the pain is just getting started, what's your take on this? Inflation rate is now way up to range of that of 1982, do you think 10k BTC is certain at this point?

So far, all this talk about CPI resembles one big FUD. On this news a lot of manipulators and speculators start to promote their ideas and sow panic among investors. So far, the market is resilient to all these bad predictions, and I hope it can continue to withstand all this flood of FUDs. It's too early to talk about $10,000 when the market can successfully resist when the price drops to $14,000. I'm not sure bitcoin can spill down that much, it will cause a big panic.

Cee2

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looking at the current situation throughout the world and all the interdependencies I think it will become much much worse not just from crypto but all asset classes.

what I still find strange is that a lot of job markets are still looking healthy. At some point a tipping point will be reached and this recession will also be reflect in the number of unemployed globally in all industries.

Ayers

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Quote from: ?? on ??

Quote from: Ayers on October 15, 2022, 10:45:32 AM

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it could be bitcoin up to 10,000 $ in the next year. now the crisis is hitting in every country. many economists predict 2023 to be crueler than covid, there will be food shortages and soaring price increases. it is predicted that this crisis will end in 2023, and it is possible that altcoins can dim temporarily and will recover in 2024 where bitcoin halving. even though this hasn't happened yet, this can be an assumption of our preparations

do you think if bitcoin drops to 10k, i believe most altcoins will die and without a temporary drop, we can call it a whole market reset? the only altcoin that will rise again i can only bet on ethereum, the rest is probably very hard to survive. inflation won't come down anytime soon and things could get worse in 2023, i think inflation will really drop when the war is over and everything in the world is back to normal. only then can we think of a bull market

altcoins lose liquid money if bitcoin occurs at 10,000$, the altcoin can be destroyed. all need backup to come back to life. but if this crisis really hits it will be difficult to redevelop dead altcoins and it all depends on the founders. If the founder doesn't have any spare money, altcoins are hard to save anymore. Everyone definitely doesn't want this big disaster to happen next year

for me, that disaster may or may not happen. many people fear that bitcoin falling too deeply will be a disaster but sometimes that is not necessarily a bad thing, it will be a real test for the market. why in 2018 bitcoin also caused a terrible crash in the altcoin market like ethereum or BNB can still exist and thrive to this day and those who believe in them have achieved great success, especially with BNB. i think there is also a real challenge for today's top altcoins like solana, dot, avax, atom... are they really worth the investment?

dothebeats

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Quote from: dimonstration on October 13, 2022, 01:02:40 PM

I'm suprised that Bitcoin price is still not dumping hard despite the consecutive inflation rate bad news. I believe there are whales that buying this dip.

It's because most of the holders of bitcoin have the money and the means to carry on with their finances without having to sell their bitcoins for a quick buck. If bitcoin holders were also affected hard by the inflation, for sure you'll see the price rapidly going down but that's not the case. You still have a lot of people on the buying side somewhat providing balance after each heavy sells.

But we all know inflation is a creeping beast, and it will slowly get on to bitcoin in the next coming months if it continued at this pace—which I think it will since the dollar is still getting stronger by the day and a lot of economies are being affected badly.

piebeyb

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Quote from: dimonstration on October 13, 2022, 01:02:40 PM

I'm suprised that Bitcoin price is still not dumping hard despite the consecutive inflation rate bad news. I believe there are whales that buying this dip.

Do you know who are the richest people or companies that have invested in bitcoin during the year 2020 until now, certainly not as you know in 2012 or in 2016.

Quote from: ?? on ??

it could be bitcoin up to 10,000 $ in the next year. now the crisis is hitting in every country. many economists predict 2023 to be crueler than covid, there will be food shortages and soaring price increases. it is predicted that this crisis will end in 2023, and it is possible that altcoins can dim temporarily and will recover in 2024 where bitcoin halving. even though this hasn't happened yet, this can be an assumption of our preparations

Why do I always say here they will continue to make bitcoin price stable at $20k and not sure it will hit the $10k floor even though there is a crisis in any country, because I believe bitcoin can be a solution to this crisis situation

Jawhead999

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It's not CPI and inflation rate discussion, but economic crisis affect to Bitcoin price, you need to revise your title.

Well high inflation rate with Russian invasion are making disaster for the economic sector. During economic recession, most people wouldn't earn enough money like it was to fulfill their daily life. If they can't even fulfill their daily life, how can they have a money to buy Bitcoin? obviously not and that's an affect for Bitcoin price aka less demand.

Just prepare before it happen, if Bitcoin drop lower and lower, it's a right time to buy every dip.

Ayers

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Quote from: ?? on ??

it could be bitcoin up to 10,000 $ in the next year. now the crisis is hitting in every country. many economists predict 2023 to be crueler than covid, there will be food shortages and soaring price increases. it is predicted that this crisis will end in 2023, and it is possible that altcoins can dim temporarily and will recover in 2024 where bitcoin halving. even though this hasn't happened yet, this can be an assumption of our preparations

do you think if bitcoin drops to 10k, i believe most altcoins will die and without a temporary drop, we can call it a whole market reset? the only altcoin that will rise again i can only bet on ethereum, the rest is probably very hard to survive. inflation won't come down anytime soon and things could get worse in 2023, i think inflation will really drop when the war is over and everything in the world is back to normal. only then can we think of a bull market

jrrsparkles

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Quote from: Z390 on October 13, 2022, 12:49:05 PM

What does the Increased in CPI number means for crypto future? It seems the number will keep going up and up, I thought 17,500$ is the bottom but it seems the pain is just getting started, what's your take on this? Inflation rate is now way up to range of that of 1982, do you think 10k BTC is certain at this point?

When inflation hits hard then literally price of assets will increase but we are talking about USD which is used worldwide and determine the world's reserves then the condition is uncertain either the price of bitcoin may dump or bump but most likely if the dump happens it will be very short time in my assumption and there will be extreme peak before its ATH.

So its good to buy when the market is falling but it won't apply to shitcoins.

justdimin

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Quote from: bounceback on October 14, 2022, 09:29:37 AM

Quote from: Z390 on October 13, 2022, 12:49:05 PM

What does the Increased in CPI number means for crypto future? It seems the number will keep going up and up, I thought 17,500$ is the bottom but it seems the pain is just getting started, what's your take on this? Inflation rate is now way up to range of that of 1982, do you think 10k BTC is certain at this point?

I think the current rise in global interest rates has caused panic in the traditional and cryptocurrency markets, in the middle of last month after CPI announced data that inflation continued to increase and made the bitcoin price drop to $18k where previously the bitcoin price stood firmly in the $20k area, however although currently the global inflation rate continues to increase but I am not sure this will make bitcoin plunge to the level of $ 10k because so far the lowest bitcoin price is at $ 18k.

I believe that type of small drops do not matter, they are not really news worthy any more because we dropped from 68k to 20k, another drop from 20k to 18k wouldn't be really a reaction in my eye, that's just a regular Tuesday and nothing more.

However, the idea of it still stands, the inflation is high and we are fighting it with high interest rates, which means more money is withdrawn from assets and put into interest and that could be quite risky and dangerous for all of us. As long as that keeps on going, we are not going to end up recovering from anything at all. Hopefully we could eventually recover with rates going down, but it may take a while.

btc_angela

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Quote from: bounceback on October 14, 2022, 09:29:37 AM

Quote from: Z390 on October 13, 2022, 12:49:05 PM

What does the Increased in CPI number means for crypto future? It seems the number will keep going up and up, I thought 17,500$ is the bottom but it seems the pain is just getting started, what's your take on this? Inflation rate is now way up to range of that of 1982, do you think 10k BTC is certain at this point?

I think the current rise in global interest rates has caused panic in the traditional and cryptocurrency markets, in the middle of last month after CPI announced data that inflation continued to increase and made the bitcoin price drop to $18k where previously the bitcoin price stood firmly in the $20k area, however although currently the global inflation rate continues to increase but I am not sure this will make bitcoin plunge to the level of $ 10k because so far the lowest bitcoin price is at $ 18k.

And then we have a bounce back (no pun intended) to just above $19k again, which shows that this kind of news, although will have a impact on the bitcoin market and other traditional market, it won't be that long.

And as volatile as the market are, a simple news like this will put a dent on the price.

For $10k BTC, I don't think that we can go that low this year or this bear market. On the contrary, we might have hit our bottom already at $17,500.

bounceback

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Quote from: Z390 on October 13, 2022, 12:49:05 PM

What does the Increased in CPI number means for crypto future? It seems the number will keep going up and up, I thought 17,500$ is the bottom but it seems the pain is just getting started, what's your take on this? Inflation rate is now way up to range of that of 1982, do you think 10k BTC is certain at this point?

I think the current rise in global interest rates has caused panic in the traditional and cryptocurrency markets, in the middle of last month after CPI announced data that inflation continued to increase and made the bitcoin price drop to $18k where previously the bitcoin price stood firmly in the $20k area, however although currently the global inflation rate continues to increase but I am not sure this will make bitcoin plunge to the level of $ 10k because so far the lowest bitcoin price is at $ 18k.

cryptoaddictchie

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The market is indeed down and CPI inflation data may correspond to this blood bath. Its normal to see this as the people prioritt fiat and avoid unnecessary investment due to their first need which is food and everyday budget. But for rich people this is the perfect time for them to invest and allocate their wealth which the average person cant do. If all even retailers could do the same then the market somewhow is not like this.

adaseb

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The way it works is like this. Crypto currently follows the stock markets, especially nasdaq. They are highly correlated.

Nasdaq follows the CPI data very closely because high CPI means higher fed rates which means stocks go down. And when stocks go down so does crypto.

Eventually it’ll decouple but nobody knows when that will happen. Right now it trades as a risk on asset.

mindrust

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Quote from: Z390 on October 13, 2022, 12:49:05 PM

What does the Increased in CPI number means for crypto future? It seems the number will keep going up and up, I thought 17,500$ is the bottom but it seems the pain is just getting started, what's your take on this? Inflation rate is now way up to range of that of 1982, do you think 10k BTC is certain at this point?

Rising CPI means more interest rate hikes and more rate hikes mean expensive dollar… The money mode expensive the dollar gets, the cheaper everything else will get. Crypto too. I don’t know if $10k btc will happen but is not impossible I would say. It may go even lower than $10k if certain things happen. You should be prepared for the worse imo, mentally and financially.

dansus021

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as far that i know, back then ago CPI or other think don't have big correlation with crypto Sad

even the stock crash the bitcoin or crypto price still can make a movement. but after a lot of institution joined in crypto industry now what happen on real-world have impacted to crypto price as well.

when a big company join it become major price movement up but the side effect is when the CPI or other things happen the bitcoin price is make correlation too

jossiel

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Quote from: Z390 on October 13, 2022, 12:49:05 PM

What does the Increased in CPI number means for crypto future? It seems the number will keep going up and up, I thought 17,500$ is the bottom but it seems the pain is just getting started, what's your take on this? Inflation rate is now way up to range of that of 1982, do you think 10k BTC is certain at this point?

$17k is still the bottom for bitcoin and we haven't seen it broken yet and hopefully that it's the real bottom.

Any price is possible to be reached no matter how high or low the CPI is. But you know what? It won't be like this permanently, we're just ahead of the time and we might see that it will eventually go down.

We're basically at the height of it but I believe that somehow it will be lessen and the impact of this inflation rate would go positively to bitcoin because that's what it should be and I want to see the inflation rate go down.

dimonstration

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It means a financial crisis because normal worker can't afford inflation and most of crypto holders are those normal workers that just seeking additional income aside from there salary. If people is on poverty, They will not seek investment including crypto and will just prioritize personal necessities which is the reason why Bitcoin price is dumping.

I'm suprised that Bitcoin price is still not dumping hard despite the consecutive inflation rate bad news. I believe there are whales that buying this dip.

Topic: CPI and Inflation rate discussion (Read 198 times)