Topic: First Batch of $1,400 Stimulus Checks Hit Bank Accounts Starting Today - page 3. (Read 608 times)
March 14, 2021, 07:12:34 AM
I see, So it's was also affecting the Bitcoin Price today i suppose? For Married People from what i read it get $2800 which is double than Single Person and basically from round 2 Stimulus check last year we can see high spike on Price & Volume on the Bitcoin Price Chart, It's reasonable to split that money to buy some Bitcoin and we can see the effect on the current price, Well it was good news people realizing Crypto was an good Option. Let's see what will happen next.
March 14, 2021, 06:35:01 AM
BTC will go crazy up today
First Batch of $1,400 Stimulus Checks Hit Bank Accounts Starting Today [Suspicious link removed]j.com/articles/bidens-1-400-stimulus-checks-hit-bank-accounts-starting-today-11615590107
400 billion dollars being sent out
It's one of the main reason for insane prices rises in Bitcoin and standing at ATH of $61k today on CMC.The other reason being huge investment by the big institutions like MicroStrategy,Tesla investment which have push the prices further.This stimulus will also affect the prices as people will be buying more cryptos with the new dollars printed by the government as the bill has been passed for billion dollars and US citizens could flood the market with investment as crypto like Bitcoin giving huge returns in such short span of time is no joke for them.We will see prices soon to $100k or so just have faith. First Batch of $1,400 Stimulus Checks Hit Bank Accounts Starting Today [Suspicious link removed]j.com/articles/bidens-1-400-stimulus-checks-hit-bank-accounts-starting-today-11615590107
400 billion dollars being sent out
March 14, 2021, 05:45:26 AM
As predicted by many experts, the US government will distribute the official stimulus check. So many recipients of the stimulus check used to buy
Bitcoin. Because only Bitcoin is currently the asset that can provide the most profit, and also if it is kept in bank accounts, the value may decrease
due to inflation. Therefore I am not surprised by the price of Bitcoin suddenly rising, because it is according to predictions. With this I am very
optimistic that Bitcoin will soon hit its next target at $ 75k, so I have no intention of selling Bitcoin right now.
Bitcoin. Because only Bitcoin is currently the asset that can provide the most profit, and also if it is kept in bank accounts, the value may decrease
due to inflation. Therefore I am not surprised by the price of Bitcoin suddenly rising, because it is according to predictions. With this I am very
optimistic that Bitcoin will soon hit its next target at $ 75k, so I have no intention of selling Bitcoin right now.
March 14, 2021, 05:33:27 AM
You may be right with the price jumping $4,000+ so far today (and it's still the weekend globally) No doubt when the banks and markets open and week-day traders come online.
I feel Bitcoin will top $80,000 by the end of March (on its way to $100,000 in the next couple of months).
I feel Bitcoin will top $80,000 by the end of March (on its way to $100,000 in the next couple of months).
March 14, 2021, 05:07:23 AM
Here's another source --> https://www.foxbusiness.com/economy/banks-processing-stimulus-checks
Could this be another reason why we see bitcoin hit another all time high? those times when the news about stimulus came, there was an increase that happened for bitcoin.
Could this be another reason why we see bitcoin hit another all time high? those times when the news about stimulus came, there was an increase that happened for bitcoin.
I don't think this is the reason behind the new ATH.
The U.S. is printing dollars daily. Another trillion or two doesn't have a lot of difference.
I think the reason is the constant flow of institutional investors. I read about at least three new public companies investing in Bitcoin in the past two days.
This sounds more genuine reason for the current up rise of the bitcoin and reaching to ATH. Stimulus may not be used by the peeps of america to invest in the bitcoin strictly. There are oldies, mid-workers who would not want their money to be flooded into crypto and loose it up. In fact there is wide population who does not even know bitcoin or it's proper use. So this completely rules out the possibility that stimulus money is being used to invest into the crypto. Idk, it could be influencers & investor like Elon who is making the mega moves.
March 14, 2021, 04:55:13 AM
I think it is highly unlikely that the "Stimmy" money is going to end up in Crypto currencies. The US is a debt driven economy and most people are knee deep into large debt. (Bond / Credit cards / Car loans etc.) The other thing is, a lot of people have lost their jobs and the stimulus funds are going straight into buying food to survive.
I play on some gambling sites and there are already a lot of the people there, that are saying that they are waiting for that money to come through ..so that they can gamble with it.
(So much for toilet paper money.. going towards boosting the economy)
I play on some gambling sites and there are already a lot of the people there, that are saying that they are waiting for that money to come through ..so that they can gamble with it.
(So much for toilet paper money.. going towards boosting the economy) 
March 14, 2021, 04:44:44 AM
Could this be another reason why we see bitcoin hit another all time high? those times when the news about stimulus came, there was an increase that happened for bitcoin.
It could be so, at least, we've seen this happen before and so, there isn't anyway that some or a lot of this funds won't come into the market. Bitcoin has gained the world recognition it needs and at the moment, its doing another amazing move in the market, reaching another all time high (ATH) and as such, a lot of people would want to won some.Musk have dropped another tweet and we know how these tweets goes so, it won't be surprising to see BTC doing some moves for the bulls and continues to gain momentum in a few days.
March 14, 2021, 03:45:13 AM
Yes, I think the effect on Bitcoin prices is generally overestimated. A lot of that money will go into financial assets in general, that's true, including Bitcoin, but it doesn't seem like it's going to have much more influence than the supply
As a whole the money printing policy will decrease the value of US dollar with the inflation it causes and it will eventually contribute to the bitcoin price rise but the effects are indirect and over the long haul not the direct one that people are stating these days and definitely not in short term. 
March 14, 2021, 03:18:18 AM
BTC will go crazy up today
I don't think so.For starters this is just happening in US not all over the world.
Secondly from all those receiving this money, many don't even know about bitcoin let alone want to invest in it. Those little number of people who do know may not be able to invest in bitcoin since they may need that money already due to bad financial state (eg. catching up on bills, etc.).
And finally bitcoin price has been rising slowly so far rising 1%-3% at a time and I don't see this trend changing that soon even with a "hyped" up news like this.
Yes, I think the effect on Bitcoin prices is generally overestimated. A lot of that money will go into financial assets in general, that's true, including Bitcoin, but it doesn't seem like it's going to have much more influence than the supply
March 14, 2021, 03:14:49 AM
BTC will go crazy up today
I don't think so.For starters this is just happening in US not all over the world.
Secondly from all those receiving this money, many don't even know about bitcoin let alone want to invest in it. Those little number of people who do know may not be able to invest in bitcoin since they may need that money already due to bad financial state (eg. catching up on bills, etc.).
And finally bitcoin price has been rising slowly so far rising 1%-3% at a time and I don't see this trend changing that soon even with a "hyped" up news like this.
March 14, 2021, 12:28:13 AM
Could this be another reason why we see bitcoin hit another all time high? those times when the news about stimulus came, there was an increase that happened for bitcoin.
I am confused when we see reports like this which really does not make sense at all because the stimulus checks are meant to help during these hard times and the strange aspect is that the BTCitcoin market always rallies when ever the stimulus check news comes out and i have no idea whether it has any relation and i still believe it is just a mere coincidence. March 13, 2021, 11:57:15 PM
$1.9 trillion stimulus will literally send Bitcoin to the Moon. I'm waiting for my check. Spending the last stimulus on buying BTC and ETH via Ownr was my best investment deal ever.
March 13, 2021, 11:30:44 PM
BTC will go crazy up today
First Batch of $1,400 Stimulus Checks Hit Bank Accounts Starting Today [Suspicious link removed]j.com/articles/bidens-1-400-stimulus-checks-hit-bank-accounts-starting-today-11615590107
400 billion dollars being sent out
First Batch of $1,400 Stimulus Checks Hit Bank Accounts Starting Today [Suspicious link removed]j.com/articles/bidens-1-400-stimulus-checks-hit-bank-accounts-starting-today-11615590107
400 billion dollars being sent out
Bitcoin spike started even before the first batch of cheques were sent out. And call me overenthusiastic if you want, but IMO this alone will make sure that Bitcoin breaches the $100,000 level in a few months. $400 billion is a huge amount and a large part of the population would immediately convert it to assets protected from inflation such as gold and BTC. And in order to increase the market cap of Bitcoin from $1.14 trillion to $2.00 trillion, we don't need another $860 billion in inflows. We only need a fraction of that, and that's how the market works.
March 13, 2021, 11:14:22 PM
OMG no wonder why the price of big coins are going up, with that stimulus theres a lot of people who turn it into investing in cryptocurrency.
This month it's gonna be lit and i think the price of bitcoin will reach $65-$70k before the end of this month.
Considering that there is a chance that out of the 400 billion of that stimulus rollout, if bitcoin were to ever get at least 100 billion USD of that, I think that we are talking more than just 65k to 70k USD because back when Tesla did a purchase of 1.5 billion USD, the price moved a considerable amount and if that happens now, I think that there will be a big skyrocket in the prices but considering the current prices we might not be sure that people are going buy bitcoin with their stimulus checks. This month it's gonna be lit and i think the price of bitcoin will reach $65-$70k before the end of this month.
March 13, 2021, 10:14:04 PM
Still 50:50 that people are buying their stimulus checks with bitcoin. Too early conclude unless we have some data right now. Here is another latest company that bought bitcoin according to this news:
Software Firm Meitu Buys $22M of Ether, $17.9M Bitcoin for Its Treasury
Although it said that they have bought on March 5, but it was just revealed a couple of days ago. So this news might fuel the current move that we have seen per 24 hours.
Software Firm Meitu Buys $22M of Ether, $17.9M Bitcoin for Its Treasury
Although it said that they have bought on March 5, but it was just revealed a couple of days ago. So this news might fuel the current move that we have seen per 24 hours.
March 13, 2021, 09:19:45 PM
OMG no wonder why the price of big coins are going up, with that stimulus theres a lot of people who turn it into investing in cryptocurrency.
This month it's gonna be lit and i think the price of bitcoin will reach $65-$70k before the end of this month.
This month it's gonna be lit and i think the price of bitcoin will reach $65-$70k before the end of this month.
March 13, 2021, 07:48:12 PM
For those who wanted to see how much is the previous stimulus now worth:
https://www.bitcoinstimulus.net/
So in about a year, it's more than 800% jump. I'm not saying that todays stimulus check will just the same numbers no, but chances are it good give those who will received it right now and the next coming days a good profit.
Quote
$1200 Stimulus Is Now Worth:
$11,069.37
+822%
$11,069.37
+822%
https://www.bitcoinstimulus.net/
So in about a year, it's more than 800% jump. I'm not saying that todays stimulus check will just the same numbers no, but chances are it good give those who will received it right now and the next coming days a good profit.
March 13, 2021, 07:35:31 PM
Here's another source --> https://www.foxbusiness.com/economy/banks-processing-stimulus-checks
Could this be another reason why we see bitcoin hit another all time high? those times when the news about stimulus came, there was an increase that happened for bitcoin.
Could this be another reason why we see bitcoin hit another all time high? those times when the news about stimulus came, there was an increase that happened for bitcoin.
Yes, I think this is the main driver for the sudden uptick in the price again, breaching $60,000 and posting as high as $61,000. The last time that we have this stimulus package, the price also increases as well.
So we should expect the price to go even higher as more stimulus cheques hits bitcoiner in the US. Of course, only a portion will invest on BTC, there might be people who really needed that money right now. But for those bitcoiner, this is no brainer.
March 13, 2021, 07:15:09 PM
but will they buy bitcoins with that money?
Probably YES.
If you can check this Coinbase data, it is from the $1200 stimulus check last year, you can see a huge pump on the chart from the day of distribution too.
I am only afraid now if people are afraid of buying on these kinds of price levels. But then again, that money is a stimulus check and they will not think about the price and just buy Bitcoin then it will be good.
March 13, 2021, 06:58:55 PM
Here's another source --> https://www.foxbusiness.com/economy/banks-processing-stimulus-checks
Could this be another reason why we see bitcoin hit another all time high? those times when the news about stimulus came, there was an increase that happened for bitcoin.
Could this be another reason why we see bitcoin hit another all time high? those times when the news about stimulus came, there was an increase that happened for bitcoin.
I don't think this is the reason behind the new ATH.
The U.S. is printing dollars daily. Another trillion or two doesn't have a lot of difference.
I think the reason is the constant flow of institutional investors. I read about at least three new public companies investing in Bitcoin in the past two days.
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