Fed on brink of fifth(?) round of quantitative easing - page 3.

larry_vw_1955

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And here we go again:

https://www.nytimes.com/2023/09/28/briefing/government-shutdown.html

What’s next
The outcome remains uncertain. The Republican faction might ultimately accept small, symbolic spending cuts and claim victory. Or the government might shut down this weekend.

That would be like a double whammy with the migrant situation going on. But I guess as long as they can keep paying each migrant their $2200 per month or whatever it is, I guess that's ok if Federal employees don't get paid. Shocked

larry_vw_1955

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Quote from: cryptosize on August 01, 2023, 09:12:07 AM

Oops:

https://www.sovereignman.com/trends/the-federal-reserve-has-910-billion-in-losses-147959/

Shocked

yeah but the federal reserve they don't answer to anybody so i would think that number is just mainly symbolic because they don't have to pay anything back. but they can just print more money. they can't be audited apparently is what i heard. if you could summarize the article that would be great.

but here's a question: if someone has a bank account and savings but doesn't believe in the us dollar then arent they a hypocrite kind of because theyre trying to save/amass something that is being printed by the government. why would you save something that is being printed? unless you believe in it. so i expect people that are big believers in bitcoin should not have big bank accounts.

cryptosize

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Oops:

https://www.sovereignman.com/trends/the-federal-reserve-has-910-billion-in-losses-147959/

Shocked

larry_vw_1955

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Quote from: cryptosize on July 28, 2023, 07:02:04 AM

Either way, it makes total sense to have even small fractions of BTC.

or just invest in some bitcoin stock or etf. same thing. then you don't even have to worry about losing your private keys.

cryptosize

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Well, let's just say BlackRock is onto something:

https://twitter.com/IIICapital/status/1683890825917345812

Shocked

It's a given that even a simple, low-priority, on-chain transaction will cost 4 digits (in terms of USD, not sats) by then.

I'm sure the market will find scaling solutions for cheap transactions IF bitcoin becomes so valuable, but I'm not sure if it will be Lightning or something else.

Who knows?

Nobody knew back in 1998 (56k dial-up/IRC era) that we would now have Facebook, Instagram, Tik Tok etc.

Either way, it makes total sense to have even small fractions of BTC.

BlackHatCoiner

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Farewell, Leo

Quote from: larry_vw_1955 on July 27, 2023, 09:22:40 PM

i'm not saying i think bitcoin will go to 0 but why does it have to appreciate in price above where it is now in order for it to succeed?

Depends on how you define success. If you think global adoption will mean success, then it probably has a long way to succeed. If you need it to transact online, privately, permissionessly, etc., then it has already succeeded.

I'm getting the impression most of us in here would prefer the former, than merely staying an irrelevant, Internet currency, because we're financially invested. But please take a moment and appreciate what it has already offered to us.

Quote from: larry_vw_1955 on July 27, 2023, 09:22:40 PM

i would think a more rational measure of success would be on its different use cases of which I only know one. holding it hoping the price goes up. i think some people might actually use it to transact such as buying things but i would say they are a minority.

Actually, I think the fact that a minority uses it to buy stuff, proves itself as superior money.

larry_vw_1955

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Quote from: cryptosize on July 27, 2023, 06:16:51 AM

You're clearly in the wrong forum if you believe Bitcoin will fail.

i'm not saying i think bitcoin will go to 0 but why does it have to appreciate in price above where it is now in order for it to succeed? i would think a more rational measure of success would be on its different use cases of which I only know one. holding it hoping the price goes up. i think some people might actually use it to transact such as buying things but i would say they are a minority. have you ever bought anything with bitcoin? Shocked

cryptosize

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You're clearly in the wrong forum if you believe Bitcoin will fail.

I suggest to visit cbdctalk.org or ubitalk.org. Grin

larry_vw_1955

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Quote from: cryptosize on July 26, 2023, 06:23:02 AM

Alright...

Wanna wait until 2030 and then tell me if CBDC/UBI/social credit score/carbon credits were a good thing after all? Roll Eyes

but yet we have FICO scores/credit ratings. I guess you disagree with those too yet society has managed to survive in spite of them. lucky us.

Quote

I can wait, don't worry. Bitcoin has taught me to have patience. Cool

well surely by 2030 bitcoin will be worth $1,000,000 without a doubt right? but what if it only has the same buying power as $30,000 of it has today. did you really win? or did other people just lose but how could they lose if their using their UBI to buy things every month?

Quote

ps1: By 2030 70% of the population (5.6 billion people) will be jobless.

are you going to be one of those 70%? then hope the government is nice and gives you some money every month. it's the right thing to do. Grin

Sayeds56

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Eloncoin.org - Mars, here we come!

Quote from: cryptosize on July 26, 2023, 11:04:37 AM

Good for people (not just whales) who want to buy BTC at a cheaper price.

You are correct, Bitcoin price is likely to be very volatile after the interest rate decision announcement. This economic event can provide good opportunity to accumulate Bitcoin at around $28,500 which is its strong support. Let's keep our fingers crossed and wait, how Bitcoin market plays out in the next one hour.

cryptosize

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Quote from: DeathAngel on July 26, 2023, 09:50:19 AM

FOMC meeting & decision in a few hours. A 0.25 hike is expected which will no doubt cause a bunch of weak hands to start dumping bitcoin for no reason at all. I don’t know why people react to this kind of news by selling, maybe it’s mostly whale behaviour, preying on weak hands & using it to their advantage to gobble up cheap coins. Either way, expect a dump today when Powell announces another hike. Hopefully it’s the last one for a long time.

Good for people (not just whales) who want to buy BTC at a cheaper price.

DeathAngel

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FOMC meeting & decision in a few hours. A 0.25 hike is expected which will no doubt cause a bunch of weak hands to start dumping bitcoin for no reason at all. I don’t know why people react to this kind of news by selling, maybe it’s mostly whale behaviour, preying on weak hands & using it to their advantage to gobble up cheap coins. Either way, expect a dump today when Powell announces another hike. Hopefully it’s the last one for a long time.

Sayeds56

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Eloncoin.org - Mars, here we come!

Quote from: be.open on March 21, 2023, 11:29:04 AM

The peculiarity of the banking sector is that it is highly dependent on the trust of customers. Therefore, all public talking heads will convince the general public to the last that everything is fine (three days before the collapse of Silicon Valley Bank, its shares were in the status of recommended for purchase).

Indeed, trust is the fundamental factor in functioning of Banking system. The confidence of general public in a bank can significantly impact its stability and growth.
The cause of consecutive collapse of Banks in USA could be attributed to aggressive increase in interest rates policy of FED. This Money tightening policy has led to unfavorable business environment and made challenging for banks to survive. This situation will exert pressure on FED to review its current policy and make necessary adjustments.

All eyes are on Federal Reserve's monetary policy announcement today, it is hoped that pause in interest rates will continue to reduce some pressure on banking sector.

cryptosize

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Quote from: larry_vw_1955 on July 25, 2023, 09:44:42 PM

Quote from: cryptosize on July 25, 2023, 07:16:06 AM

It's strange though to find people who would love UBI/CBDC on a Bitcoin forum! Shocked

what's wrong with everyone having a base income and anyone that wants more out of life can work for it?
Grin

like say everyone gets paid 1800 pounds every month in london or wherever. they won't be driving around a lambo. but let's say they really want one. then they can go to work. if there's any jobs available that is. the AI thing might be displacing a few folks out of jobs

Alright...

Wanna wait until 2030 and then tell me if CBDC/UBI/social credit score/carbon credits were a good thing after all? Roll Eyes

I can wait, don't worry. Bitcoin has taught me to have patience. Cool

ps1: By 2030 70% of the population (5.6 billion people) will be jobless.

ps2: Lambo and carbon credits are contradictory, but I get it, it's hard to understand what I mean right now.

larry_vw_1955

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Quote from: cryptosize on July 25, 2023, 07:16:06 AM

It's strange though to find people who would love UBI/CBDC on a Bitcoin forum! Shocked

what's wrong with everyone having a base income and anyone that wants more out of life can work for it?
Grin

like say everyone gets paid 1800 pounds every month in london or wherever. they won't be driving around a lambo. but let's say they really want one. then they can go to work. if there's any jobs available that is. the AI thing might be displacing a few folks out of jobs

cryptosize

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CBDC doesn't exist (yet), it's a trial phase with the already existing fiat currency (hence no social credit score/carbon credits).

Learn the difference...

It's strange though to find people who would love UBI/CBDC on a Bitcoin forum! Shocked

Any WEF/Schwab lovers here too? Grin

larry_vw_1955

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Quote from: cryptosize on July 24, 2023, 04:40:56 AM

Quote from: larry_vw_1955 on July 23, 2023, 10:31:41 PM

as though that's ever happened before in the united states. i doubt it.

Oh really? Do you know for whom your beloved Biden is working for? Roll Eyes

he's working for the democratic party. that's why he let all the immigrants come in so they could vote democrat.

Quote

CBDC will come with restrictions (social credit score, carbon credits). Have you been living under a rock or what? Shocked

all of the trial UBI programs I've seen have no restrictions on how people use the money.

https://www.theguardian.com/society/2023/jun/04/universal-basic-income-of-1600-pounds-a-month-to-be-trialled-in-england

A universal basic income of £1,600 a month is to be trialled in England for the first time in a pilot programme.

Thirty people will be paid a lump sum without conditions each month for two years and will be observed to understand the effects on their lives.

https://www.freep.com/story/news/local/michigan/2023/07/02/guaranteed-income-ann-arbor-universal-basic-income/70360484007/

Ann Arbor recently joined the growing list of cities across the nation exploring what happens when lower income families receive a steady stream of cash in their pockets each month — no strings attached.

Quote

If you think it will be that easy to buy BTC with CBDC on Binance or Coinbase (for example), I have a bridge to sell ya... Grin

i'm not even sure why someone receiving a nice UBI would even care about wasting their time sending their important money off to some untrusted third party to buy something that they don't even know why they need it. they're going to get more money the next month so they might as well spend what they have right now rather than gambling is the way I see it...

Quote

I suggest to watch this video, if you want to be mentally prepared:

https://www.youtube.com/watch?v=vWkepoLUZfs

i've already seen enough sci fi movies. nothing new there most likely!

Sayeds56

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Eloncoin.org - Mars, here we come!

Quote from: cryptosize on July 24, 2023, 04:40:56 AM

I don't expect the next QE to happen before late 2024 at the earliest (just in time for the US elections -coincidentally- Grin

).

The inflation won't be stabilized around the 2% target until 2025...

To me it seems the stars are aligning for yet another spectacular bull run in 2+ years from now.

Although it is difficult to predict outcome of financial events with 100% accuracy, however I agree with your opinion that QE is possible by the end of 2024 which is coincidently election year in USA as well as anticipated event of Bitcoin halving . Hence, these both important events can serve as significant factors potentially triggering uptrend in both Stocks and crypto currencies markets.

cryptosize

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Quote from: larry_vw_1955 on July 23, 2023, 10:31:41 PM

as though that's ever happened before in the united states. i doubt it.

Oh really? Do you know for whom your beloved Biden is working for? Roll Eyes

https://www.weforum.org/agenda/2020/09/emissions-fell-during-lockdown-keep-that-way
https://www.weforum.org/agenda/2020/10/emissions-have-fallen-this-year-make-permanent/
https://www.weforum.org/agenda/2020/10/cars-planes-trains-aviation-co2-emissions-transport

Quote from: larry_vw_1955 on July 23, 2023, 10:31:41 PM

typically UBI doesn't come with any type of restrictions on how it could be used. so someone could probably even take their government pension and buy bitcoin with it sometimes. Shocked

CBDC will come with restrictions (social credit score, carbon credits). Have you been living under a rock or what? Shocked

If you think it will be that easy to buy BTC with CBDC on Binance or Coinbase (for example), I have a bridge to sell ya... Grin

I suggest to watch this video, if you want to be mentally prepared:

https://www.youtube.com/watch?v=vWkepoLUZfs

Quote from: Sayeds56 on July 24, 2023, 12:16:20 AM

Quote from: o_e_l_e_o on March 21, 2023, 06:20:37 AM

Fed on brink of fifth(?) round of quantitative easing

While quantitative easing remains a plausible option, but it is unlikely to happen during the year 2023. As FED has decided to leave interest rates unchanged in their previous meeting due to consistent downward trend in inflation. However, as FED chairman hinted that in his policy statement that two more interest rates hikes are possible during the year 2023. Therefore, FED may choose to increase interest rate by 0.25% in their next meeting scheduled to be held during the current week. Let's watch and wait, how the situation unfolds in the next 72 hrs.

I don't expect the next QE to happen before late 2024 at the earliest (just in time for the US elections -coincidentally- Grin

).

The inflation won't be stabilized around the 2% target until 2025...

To me it seems the stars are aligning for yet another spectacular bull run in 2+ years from now.

Sayeds56

copper member

Activity: 1260

Merit: 698

Eloncoin.org - Mars, here we come!

Quote from: o_e_l_e_o on March 21, 2023, 06:20:37 AM

Fed on brink of fifth(?) round of quantitative easing

While quantitative easing remains a plausible option, but it is unlikely to happen during the year 2023. As FED has decided to leave interest rates unchanged in their previous meeting due to consistent downward trend in inflation. However, as FED chairman hinted that in his policy statement that two more interest rates hikes are possible during the year 2023. Therefore, FED may choose to increase interest rate by 0.25% in their next meeting scheduled to be held during the current week. Let's watch and wait, how the situation unfolds in the next 72 hrs.

Topic: Fed on brink of fifth(?) round of quantitative easing - page 3. (Read 2351 times)