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Topic: From Bitcoin to Brexit, Here’s What Investors Need to Watch for in 2019 (Read 166 times)

legendary
Activity: 1176
Merit: 1005
Decentralized Asset Management Platform
The list is interesting.

Another stuff I will watch is the US <> Turkey relations. If Turks attack the Syrian kurds and then US implements a sanctions for real, this could lead to a giant Bitcoin bull run, because people will looks for a way to get out of the local crisis.
member
Activity: 616
Merit: 11
Does the fed even have any bitcoins?! I don't think they do as it was all sold to draper. It's not just the USA where bitcoins are sold, Japan has a big stake and secretly china does too
hero member
Activity: 994
Merit: 504


Is it possible that the US Federal Reserve’s decision to tighten its balance sheet contributed to bitcoin and the wider cryptocurrency market losing steam in 2018? If so, what should crypto investors expect from the independently-run central bank in the future?

Mati Greenspan, the senior market analyst at trading platform eToro, explored these and other questions in a wide-ranging webinar session on Tuesday.


Fed’s Balance Sheet Reduction May Have Shaken Bitcoin
Speaking on how even diverse asset classes can show correlation, Greenspan said that the Fed’s ongoing quantitative tightening program could have been one of a variety of reasons that the bitcoin price dropped so severely last year.

He explained that the Fed’s decision to reverse its crisis-era bond buying prompted a selling wave across all the mainstream and nascent markets, including US stocks, equities, and crypto assets. The decision took money out of the system as the Treasury started looking for new buyers for its debts, thus turning investors away from their buying habits.
Fed QE is Reversing Since the Beginning of 2018; ECB and BOJ Are Holding | Source: Fed, ECB, BOJ

In 2017, Greenspan stressed, the bitcoin price went up on central bank-led quantitative easing and tighter interest rates program. As the trimming of a $4 trillion Fed portfolio remains under an auto-pilot mode, it would make the Fed raise interest rates by another quarter-point. Other analysts expect the quantitative tightening program to run until the Fed balance sheet comes inside the range of $3.6-$3.7 trillion. When that would happen cannot be predicted.

Economists at Morgan Stanley believe that bond selling would continue until September. New York-based TD Securities put the deadline as far as October. Barclays plays its prediction more safely by placing the program closure in “mid-to-late 2019.” Deutsche Bank sees it extending until the end of 2019, while UBS distinctively expects the program to conclude in June 2020 at $3.5 trillion.

Sum-of-all-analysis hints that bitcoin could still be inside a bearish correction against the US dollar. It is also the same for other markets, including S&P 500, Nasdaq, and Dow Jones.


Continue reading: https://www.ccn.com/from-bitcoin-to-brexit-heres-what-investors-need-to-watch-for-in-2019/

There are really a lot of things to know inside the finance system to be a better investor. I wouldn't be surprise if I don't know all about it since I didn't do anything to study about it.
full member
Activity: 322
Merit: 114
Seriously ? Bitcoin didn't start to drop significantly until mt.gox trustee sold 34 thousand bitcoins all at once on market prices which caused a huge drop in the price. There was not enough money in the market to cover that type of sell and the more prices start to drop because of it the more panic sellers sold their coins to get out.

Anyone who thinks what FED did even remotely effects bitcoin doesn't either know what bitcoin is or hasn't been in bitcoin world for too long. The most recent drop was because of bitcoin cash hard fork war and those guys selling bitcoins to fuel their war. Hence, in the end you can not expect bitcoin to stay afloat when there is so much huge sales going on due to other stuff than FED. We in crypto don't care what FED does and we only focus on our internal stuff, only thing we could care would be if FED wants to get bitcoins as well and that is not happening.

We don't care about the FED and I would also be surprised if they care about bitcoin at this point. People always talk about how it's a threat to their way of life but that is not even close to being a reality at this point. Until the many start transitioning to bitcoin then the few will pay it little attention.
legendary
Activity: 3710
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
Seriously ? Bitcoin didn't start to drop significantly until mt.gox trustee sold 34 thousand bitcoins all at once on market prices which caused a huge drop in the price. There was not enough money in the market to cover that type of sell and the more prices start to drop because of it the more panic sellers sold their coins to get out.

Anyone who thinks what FED did even remotely effects bitcoin doesn't either know what bitcoin is or hasn't been in bitcoin world for too long. The most recent drop was because of bitcoin cash hard fork war and those guys selling bitcoins to fuel their war. Hence, in the end you can not expect bitcoin to stay afloat when there is so much huge sales going on due to other stuff than FED. We in crypto don't care what FED does and we only focus on our internal stuff, only thing we could care would be if FED wants to get bitcoins as well and that is not happening.
copper member
Activity: 658
Merit: 284


Is it possible that the US Federal Reserve’s decision to tighten its balance sheet contributed to bitcoin and the wider cryptocurrency market losing steam in 2018? If so, what should crypto investors expect from the independently-run central bank in the future?

Mati Greenspan, the senior market analyst at trading platform eToro, explored these and other questions in a wide-ranging webinar session on Tuesday.


Fed’s Balance Sheet Reduction May Have Shaken Bitcoin
Speaking on how even diverse asset classes can show correlation, Greenspan said that the Fed’s ongoing quantitative tightening program could have been one of a variety of reasons that the bitcoin price dropped so severely last year.

He explained that the Fed’s decision to reverse its crisis-era bond buying prompted a selling wave across all the mainstream and nascent markets, including US stocks, equities, and crypto assets. The decision took money out of the system as the Treasury started looking for new buyers for its debts, thus turning investors away from their buying habits.
Fed QE is Reversing Since the Beginning of 2018; ECB and BOJ Are Holding | Source: Fed, ECB, BOJ

In 2017, Greenspan stressed, the bitcoin price went up on central bank-led quantitative easing and tighter interest rates program. As the trimming of a $4 trillion Fed portfolio remains under an auto-pilot mode, it would make the Fed raise interest rates by another quarter-point. Other analysts expect the quantitative tightening program to run until the Fed balance sheet comes inside the range of $3.6-$3.7 trillion. When that would happen cannot be predicted.

Economists at Morgan Stanley believe that bond selling would continue until September. New York-based TD Securities put the deadline as far as October. Barclays plays its prediction more safely by placing the program closure in “mid-to-late 2019.” Deutsche Bank sees it extending until the end of 2019, while UBS distinctively expects the program to conclude in June 2020 at $3.5 trillion.

Sum-of-all-analysis hints that bitcoin could still be inside a bearish correction against the US dollar. It is also the same for other markets, including S&P 500, Nasdaq, and Dow Jones.


Continue reading: https://www.ccn.com/from-bitcoin-to-brexit-heres-what-investors-need-to-watch-for-in-2019/
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