Topic: FOMC Statement - short-term impact on BTC (Read 2626 times)
Sad to see people panic sell BTC and not fully understand real economic problems... the price of BTC is undervalued even at the all time high.
The Bernank leaves soon, so he is fantasizing that he will be remembered as a sound money-man. The only straw left to do that after 8 years of financial debauchery is a tapering of money printing. Expect it to be dropped from $85bn to about $75bn per month, but it won't last as Yellen will open the taps with a vengeance next year.
$10bn is, of course, nothing in the great scheme of things, less than the planeload of cash which was left at Baghdad airport for the vultures before now.
$10bn is, of course, nothing in the great scheme of things, less than the planeload of cash which was left at Baghdad airport for the vultures before now.
I was thinking a similar amount. But the idea that tightening has started might have an exacerbated short-term impact in the markets.
You guys are clairvoyant!
FED TAPERS QE TO $75 BLN MONTHLY PACE, STARTING IN JANUARY
FED SAYS `FURTHER MEASURED STEPS' POSSIBLE ON TAPERING
FED: EXCEPTIONALLY LOW RATES UNTIL JOBLESS FALLS WELL PAST 6.5%
The Bernank leaves soon, so he is fantasizing that he will be remembered as a sound money-man. The only straw left to do that after 8 years of financial debauchery is a tapering of money printing. Expect it to be dropped from $85bn to about $75bn per month, but it won't last as Yellen will open the taps with a vengeance next year.
$10bn is, of course, nothing in the great scheme of things, less than the planeload of cash which was left at Baghdad airport for the vultures before now.
$10bn is, of course, nothing in the great scheme of things, less than the planeload of cash which was left at Baghdad airport for the vultures before now.
I was thinking a similar amount. But the idea that tightening has started might have an exacerbated short-term impact in the markets.
The Bernank leaves soon, so he is fantasizing that he will be remembered as a sound money-man. The only straw left to do that after 8 years of financial debauchery is a tapering of money printing. Expect it to be dropped from $85bn to about $75bn per month, but it won't last as Yellen will open the taps with a vengeance next year.
$10bn is, of course, nothing in the great scheme of things, less than the planeload of cash which was left at Baghdad airport for the vultures before now.
$10bn is, of course, nothing in the great scheme of things, less than the planeload of cash which was left at Baghdad airport for the vultures before now.
Should see some volatility in BTC price since the USD will have some larger moves..
omg *hits market buy*
If the Fed announces it will taper its bond buying program, will the reduction in excess liquidity negatively impact BTC in the short-term?
What time is the announcement?
I wonder what cypher thinks is going to happen...
I'm guessing no taper.
Top of the hour ~15mins
Gracias. I think either way it has little effect on BTC at the moment.
If the Fed announces it will taper its bond buying program, will the reduction in excess liquidity negatively impact BTC in the short-term?
What time is the announcement?
I wonder what cypher thinks is going to happen...
I'm guessing no taper.
Top of the hour ~15mins
If the Fed announces it will taper its bond buying program, will the reduction in excess liquidity negatively impact BTC in the short-term?
What time is the announcement?
I wonder what cypher thinks is going to happen...
I'm guessing no taper.
If the Fed announces it will taper its bond buying program, will the reduction in excess liquidity negatively impact BTC in the short-term?
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