Topic: Future prospects for bitcoin (Read 358 times)
Big surprise happened, only 2 days bitcoin price dropped more than 25%, and became the lowest price record since 2020, many say this is a 4 year trend but for those of us who have a vision for long term hold then now is the best time to start profit large, of course risky because the market still has the opportunity to continue to bearish.
The price decline that occurred in 2022 is not the first time that crypto has occurred, the crypto market has crashed several times before.
Even what happened in 2018 in my opinion is worse than what happened this year. Therefore I am very optimistic that the crypto market
will recover soon and the price of Bitcoin can return to above $60k again, as happened in 2021. The problem is that no one knows when
the crypto market will recover, because crypto movements are very volatile and very difficult to predict. But as long as we can be patient
holding the Bitcoins we have today and not selling them at low prices, I believe we can make big profit from Bitcoin. Because after all Bitcoin is
very good for long-term investment, even if we have extra money we should buy more Bitcoin in bear market conditions like now.
For those following bitcoin's journey from 2013-to 2015, we must understand the ups and downs that occur in crypto and don't panic when the market crashes.Even what happened in 2018 in my opinion is worse than what happened this year. Therefore I am very optimistic that the crypto market
will recover soon and the price of Bitcoin can return to above $60k again, as happened in 2021. The problem is that no one knows when
the crypto market will recover, because crypto movements are very volatile and very difficult to predict. But as long as we can be patient
holding the Bitcoins we have today and not selling them at low prices, I believe we can make big profit from Bitcoin. Because after all Bitcoin is
very good for long-term investment, even if we have extra money we should buy more Bitcoin in bear market conditions like now.
But those new to crypto will be surprised to see the price crash as it is now, from $69k down to $29k-$30k, which means it's halved.
I am also optimistic that the crypto market will recover soon. For now, we are still allowed to buy bitcoin at the current price because we may find it difficult to buy bitcoin in the future. After all, the price will be very expensive.
The movement of bitcoin is still stable at the current price and for ups and downs, it is not too deep or high so I think we are also given the opportunity to buy cheap and sell high.
Now our patience is being tested with the decreasing price of Bitcoin, even though Bitcoin is currently at $23k, I'm still not worried. Because like
I said before Bitcoin crashes have happened many times, so now I'm getting used to the movement of Bitcoin continues to decline. I still strongly
believe the future of Bitcoin will be bright and for sure Bitcoin will recover, but with the current downturn, maybe we will hold Bitcoin much longer.
I even plan to buy Bitcoin again in the near future, because indeed every Bitcoin price drops lower, we try to buy Bitcoin. So when the Bitcoin
price recovers, we can enjoy a very large profit. So my advice is that we have to be calm with the decline in the price of Bitcoin, and just focus
on collecting as much Bitcoin as possible.
The price decline that occurred in 2022 is not the first time that crypto has occurred, the crypto market has crashed several times before.
Even what happened in 2018 in my opinion is worse than what happened this year. Therefore I am very optimistic that the crypto market
will recover soon and the price of Bitcoin can return to above $60k again, as happened in 2021. The problem is that no one knows when
the crypto market will recover, because crypto movements are very volatile and very difficult to predict. But as long as we can be patient
holding the Bitcoins we have today and not selling them at low prices, I believe we can make big profit from Bitcoin. Because after all Bitcoin is
very good for long-term investment, even if we have extra money we should buy more Bitcoin in bear market conditions like now.
For those following bitcoin's journey from 2013-to 2015, we must understand the ups and downs that occur in crypto and don't panic when the market crashes.Even what happened in 2018 in my opinion is worse than what happened this year. Therefore I am very optimistic that the crypto market
will recover soon and the price of Bitcoin can return to above $60k again, as happened in 2021. The problem is that no one knows when
the crypto market will recover, because crypto movements are very volatile and very difficult to predict. But as long as we can be patient
holding the Bitcoins we have today and not selling them at low prices, I believe we can make big profit from Bitcoin. Because after all Bitcoin is
very good for long-term investment, even if we have extra money we should buy more Bitcoin in bear market conditions like now.
But those new to crypto will be surprised to see the price crash as it is now, from $69k down to $29k-$30k, which means it's halved.
I am also optimistic that the crypto market will recover soon. For now, we are still allowed to buy bitcoin at the current price because we may find it difficult to buy bitcoin in the future. After all, the price will be very expensive.
The movement of bitcoin is still stable at the current price and for ups and downs, it is not too deep or high so I think we are also given the opportunity to buy cheap and sell high.
It should be clear where it's going to anyone who has been here for 4+ years...
Fear
Everything is on the bottom
Sideways for ages
FUD
I've packed my bags and am just sitting back for liftoff
Fear
Everything is on the bottom
Sideways for ages
FUD
I've packed my bags and am just sitting back for liftoff
I experienced twice the trend, that is in 2014 and 2018, if in 2022 it repeats again then I think it will be difficult Bitcoin and cryptocurrencies can rise again, I hope Bitcoin is not dropped significantly like the previous 4 years, now the market has dropped more than 50%, and I hope Can go up again to $ 40K or $ 50k, making us optimistic that the future of cryptocurrencies is still brilliant.
I believe the future of cryptocurrencies is still bright and if the current price drops by more than 50%, it will rise again.There is a possibility that in 2022 the price could increase again but we still have to be patient because we don't know if it will happen this year or next year.
And if we can prepare ourselves for his arrival, we will surely get another big profit like last year.
We must remain optimistic that cryptocurrencies can still rise even higher.
The price decline that occurred in 2022 is not the first time that crypto has occurred, the crypto market has crashed several times before.
Even what happened in 2018 in my opinion is worse than what happened this year. Therefore I am very optimistic that the crypto market
will recover soon and the price of Bitcoin can return to above $60k again, as happened in 2021. The problem is that no one knows when
the crypto market will recover, because crypto movements are very volatile and very difficult to predict. But as long as we can be patient
holding the Bitcoins we have today and not selling them at low prices, I believe we can make big profit from Bitcoin. Because after all Bitcoin is
very good for long-term investment, even if we have extra money we should buy more Bitcoin in bear market conditions like now.
I experienced twice the trend, that is in 2014 and 2018, if in 2022 it repeats again then I think it will be difficult Bitcoin and cryptocurrencies can rise again, I hope Bitcoin is not dropped significantly like the previous 4 years, now the market has dropped more than 50%, and I hope Can go up again to $ 40K or $ 50k, making us optimistic that the future of cryptocurrencies is still brilliant.
I believe the future of cryptocurrencies is still bright and if the current price drops by more than 50%, it will rise again.There is a possibility that in 2022 the price could increase again but we still have to be patient because we don't know if it will happen this year or next year.
And if we can prepare ourselves for his arrival, we will surely get another big profit like last year.
We must remain optimistic that cryptocurrencies can still rise even higher.
What do you think about the Federal Reserve System meeting?
Is there any chance that bitcoin will fall as the dollar strengthens if they decide to raise interest rates?
You do not have to worry about all FUD, if you see any price fall, we are just in bear time that we are now that is causing it. No matter what will happen, the bull time will come and the price of cryptocurrencies will start to increase again. A massive time of bull market that will skyrocket bitcoin to $100000 is also coming and should not e more than 2 years from now. Do not be moved by the news. Is there any chance that bitcoin will fall as the dollar strengthens if they decide to raise interest rates?
I experienced twice the trend, that is in 2014 and 2018, if in 2022 it repeats again then I think it will be difficult Bitcoin and cryptocurrencies can rise again, I hope Bitcoin is not dropped significantly like the previous 4 years, now the market has dropped more than 50%, and I hope Can go up again to $ 40K or $ 50k, making us optimistic that the future of cryptocurrencies is still brilliant.
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What do you think about the Federal Reserve System meeting?
Is there any chance that bitcoin will fall as the dollar strengthens if they decide to raise interest rates?
Firstly, the Federal reserve system meeting about raising the interest rates won't generate any change or strengthen the dollar if the Central Bank continues to make the same mistake by printing unnecessary money every year. Is there any chance that bitcoin will fall as the dollar strengthens if they decide to raise interest rates?
With the ATH price, BTC achieves during the halving season you should have understood the dollar will be strengthened if they stop printing more money. However, I hope you don't believe their meeting will implement a change due to the current downtrend of the BTC market which happens because of the market correction.
The current price is around $32k, up more than 5% compared to yesterday, I think this is a good sign and potential for bitcoin in the future, I am always optimistic that the future of bitcoin will continue to improve, many factors make us worthy of optimism, a good FUD massive doesn't make users afraid to buy more.
The question is, will the dollar strengthen simply because the Fed is raising the interest rate? I doubt that. But either way a strong dollar does not actually mean a weak Bitcoin.
Bitcoin is not in direct competition with the dollar because it is not fiat. Whether the dollar is weak or strong, Bitcoin still serves its purpose. Bitcoin is the decentralized money that it will always be regardless of the dollar's progress or regress. So to those who want to get out of the fiat system, Bitcoin is always strong regardless of the dollar's strength.
History tells us that is not always the case, on the contrary it will weaken the dollar in the next couple of years and then they will have to adjust the rate again. But we can't blame the government, this is the after effects of covid pandemic.Bitcoin is not in direct competition with the dollar because it is not fiat. Whether the dollar is weak or strong, Bitcoin still serves its purpose. Bitcoin is the decentralized money that it will always be regardless of the dollar's progress or regress. So to those who want to get out of the fiat system, Bitcoin is always strong regardless of the dollar's strength.
Bitcoin could be the alternative, not a competition for dollar. This notion of competition come from the bankers themselves because they are afraid of bitcoin and crypto in general. But we all know that bitcoin can be used just like money and store of value, it has many uses for us so it's really a good option.
Don't worry about the future of bitcoin, I'm sure the bitcoin trend is still good, the increasing number of countries that open legal tenders is a strong indication that users will increase significantly, besides that the number of global companies that continue to develop bitcoin is the reason that we deserve to hold bitcoin for the long term .
The increasing number of stakeholders in bitcoin market is telling us that they do believe in the future of this industry. Because if they don't, they won't waste their resources to be in this market. But take note, bitcoin may have future, but most alts won't. Because a lot of them will be abandoned by their respective developers as they collect their retirement money from gullible investors. And if you do believe that bitcoin has good future, as early as now, you are thinking on how to increase your btc portfolio to reap the benefits that it may entail in the future.
Don't worry about the future of bitcoin, I'm sure the bitcoin trend is still good, the increasing number of countries that open legal tenders is a strong indication that users will increase significantly, besides that the number of global companies that continue to develop bitcoin is the reason that we deserve to hold bitcoin for the long term .
Is limited supply the solution? There are weaknesses and strengths in every concept of the economy. Limited supply makes bitcoin not suitable for global adoption. This will increase inequality in our society even more, when rich people, corporations, and governments will only be able to buy and hold bitcoin. Small supply means it will be easy to manipulate and a few individuals could hold so much wealth that they could be the bad actors in the world.
In my opinion, BTC should not be the primary asset for the reserve of wealth. Its truly limited supply gives BTC the ability to rise, but it is also its greatest weakness.
Limited supply is not the only characteristic that gives bitcoin its increasing value, the main reason is all of the utilities that it offers the users. Also you should keep in mind that limited supply does not mean small supply and the arguments you made are mostly about distribution and that doesn't make any difference in a limited or unlimited supply design because the "rich people" would still own the most share in a currency with unlimited supply.In my opinion, BTC should not be the primary asset for the reserve of wealth. Its truly limited supply gives BTC the ability to rise, but it is also its greatest weakness.
With the unlimited supply, you will not be able to create any supply shortages for the assets. With BTC, whales could acquire all the BTC from circulation and create a simulated crisis in demand. There will be no way the government will be able to stabilize the situation. Without even distribution, it is true the government will not be in control, but neither the community will be.
The question is, will the dollar strengthen simply because the Fed is raising the interest rate? I doubt that. But either way a strong dollar does not actually mean a weak Bitcoin.
Bitcoin is not in direct competition with the dollar because it is not fiat. Whether the dollar is weak or strong, Bitcoin still serves its purpose. Bitcoin is the decentralized money that it will always be regardless of the dollar's progress or regress. So to those who want to get out of the fiat system, Bitcoin is always strong regardless of the dollar's strength.
Bitcoin is not in direct competition with the dollar because it is not fiat. Whether the dollar is weak or strong, Bitcoin still serves its purpose. Bitcoin is the decentralized money that it will always be regardless of the dollar's progress or regress. So to those who want to get out of the fiat system, Bitcoin is always strong regardless of the dollar's strength.
The limited supply for Bitcoin doesn’t really matter because you can buy and sell stuff in sats instead of BTC. These days people usually make transactions in mBTC or uBTC because nobody sends round amounts of Bitcoin these days unless you are buying something big like a car or house.
Limited supply is important because look at what happened with Luna. They had to increase the supply to get the peg back and supply went up exponentially and it basically almost went to 0. And it’s the same with the US dollar and with the bad inflation we are dealing with right now.
Limited supply is important because look at what happened with Luna. They had to increase the supply to get the peg back and supply went up exponentially and it basically almost went to 0. And it’s the same with the US dollar and with the bad inflation we are dealing with right now.
Is limited supply the solution? There are weaknesses and strengths in every concept of the economy. Limited supply makes bitcoin not suitable for global adoption. This will increase inequality in our society even more, when rich people, corporations, and governments will only be able to buy and hold bitcoin. Small supply means it will be easy to manipulate and a few individuals could hold so much wealth that they could be the bad actors in the world.
In my opinion, BTC should not be the primary asset for the reserve of wealth. Its truly limited supply gives BTC the ability to rise, but it is also its greatest weakness.
Limited supply is not the only characteristic that gives bitcoin its increasing value, the main reason is all of the utilities that it offers the users. Also you should keep in mind that limited supply does not mean small supply and the arguments you made are mostly about distribution and that doesn't make any difference in a limited or unlimited supply design because the "rich people" would still own the most share in a currency with unlimited supply. In my opinion, BTC should not be the primary asset for the reserve of wealth. Its truly limited supply gives BTC the ability to rise, but it is also its greatest weakness.
these are all signs of fiat losing its strength not gaining strength and that's due to its unlimited supply whereas bitcoin still has as it has always had limited supply!
What the future holds for bitcoin is only rise and more rise as adoption increases specially as fiat tanks.
What the future holds for bitcoin is only rise and more rise as adoption increases specially as fiat tanks.
Is limited supply the solution? There are weaknesses and strengths in every concept of the economy. Limited supply makes bitcoin not suitable for global adoption. This will increase inequality in our society even more, when rich people, corporations, and governments will only be able to buy and hold bitcoin. Small supply means it will be easy to manipulate and a few individuals could hold so much wealth that they could be the bad actors in the world.
In my opinion, BTC should not be the primary asset for the reserve of wealth. Its truly limited supply gives BTC the ability to rise, but it is also its greatest weakness.
What do you think about the Federal Reserve System meeting?
Is there any chance that bitcoin will fall as the dollar strengthens if they decide to raise interest rates?
Fiat will strengthen? No it will never happen these all are just to bring a temporary stop to the fall of its value and still other reasons are there for the fall of USD value, which literally means the price of Bitcoin will keep increasing even if the value is stagnant so don't get confused with the political games to trap all the money's value from everyone's hand. Is there any chance that bitcoin will fall as the dollar strengthens if they decide to raise interest rates?
I think the interest rate may get some to want to hide in bitcoin because they feel fiat and inflation is not friends and this may be reasonable be so but bitcoin having no controllable dimension as to be controlled by free market can change people's mind from fiat to bitcoin but the fear of volatility is still locking around, a choice of bear or bull.
What do you think about the Federal Reserve System meeting?
Is there any chance that bitcoin will fall as the dollar strengthens if they decide to raise interest rates?
Is there any chance that bitcoin will fall as the dollar strengthens if they decide to raise interest rates?
We've seen the effects just now, in the 4 hour timeframe, Bitcoin goes down hard as they Feds are going to increased the rate hike to fight off inflation. So this is a negative news not just for crypto investors, but for the whole financial market as well. The result? all of them went down hard, Nasdaq, crypto, S&P. So it just shows that we have some kind of correlation with other markets as well. So the last push to $40,000 was just a bull trap and for sure maybe some of us get caught very bad by this action.
Zoom out to the start of the year, or zoom out and start during November, 2021. It has been pricing everything in. Everyone in the Economics subforum has been talking about inflation caused by BRRR-money printing since 2020. We are currently feeling the effects right now. BUT, maximum zoom out, what does everyone think Bitcoin has truly been pricing in?
Quote
There is a relationship. Right now every crypto trader looks for 2 things every month. One is the fed meeting and decision and another is the CPI print.
Usually prior the markets are very flat and become very volatile after the reports are out. Even though it has nothing to benefit from either, traders are taking those reports as a way to gauge their trading decision.
Usually prior the markets are very flat and become very volatile after the reports are out. Even though it has nothing to benefit from either, traders are taking those reports as a way to gauge their trading decision.
They have already raised the interest rate, but these are only desperate attempts, this will not help anything in my opinion because the dollar and fiat currencies continue to lose their value over time and print more paper, and at the same time Bitcoin continues to hold and rise, soon in the future we will see an increase in inflation and The banknotes continue to lose value despite all these failed procedures which I see as trying to revive a dead body.
What do you think about the Federal Reserve System meeting?
Is there any chance that bitcoin will fall as the dollar strengthens if they decide to raise interest rates?
Is there any chance that bitcoin will fall as the dollar strengthens if they decide to raise interest rates?
We've seen the effects just now, in the 4 hour timeframe, Bitcoin goes down hard as they Feds are going to increased the rate hike to fight off inflation. So this is a negative news not just for crypto investors, but for the whole financial market as well. The result? all of them went down hard, Nasdaq, crypto, S&P. So it just shows that we have some kind of correlation with other markets as well. So the last push to $40,000 was just a bull trap and for sure maybe some of us get caught very bad by this action.
Yes indeed we are currently stuck in a very bad situation, almost all tokens have decreased in price and if this continues to decline, we will lose more and more of our money.
Hopefully this situation will improve quickly and the price of bitcoin quickly reverses direction from its current price.
What do you think about the Federal Reserve System meeting?
Is there any chance that bitcoin will fall as the dollar strengthens if they decide to raise interest rates?
Is there any chance that bitcoin will fall as the dollar strengthens if they decide to raise interest rates?
We've seen the effects just now, in the 4 hour timeframe, Bitcoin goes down hard as they Feds are going to increased the rate hike to fight off inflation. So this is a negative news not just for crypto investors, but for the whole financial market as well. The result? all of them went down hard, Nasdaq, crypto, S&P. So it just shows that we have some kind of correlation with other markets as well. So the last push to $40,000 was just a bull trap and for sure maybe some of us get caught very bad by this action.
Interest wasn't even increased all that much, this shouldn't really impact the market too much. The problem is that the number of people who took out their money to put into interest is tiny compared to all those who saw the interest rate and were scared and put their money in stablecoins to wait it out. That is right, I assume (maybe I am wrong) the drop didn't happen because of people who took out for interest, it was done by people who just got scared because of the news and panic sold all they had. This can't go on, we can't let the world news impact the price of bitcoin so much, it should be decentralized and not related to some FED news.
There's this connection that I've read before that bitcoin's price will be correlated to the impact of inflation and for that to happen, an increase in interest rates will be the factor of it.
I do believe that bitcoin's path will never go wrong and will be on a straight line no matter what the interest rates are and what the FED will say.
In my opinion, due to the increase in interest rates planned by the FED, of course it will have an impact on bitcoin, but whether or not the impact will be significant, of course we can't predict it so far, but certainly with the sentiment of rising inflation, the war in Ukraine, and tighter Fed policies, pushing higher volatility will occur in the market, right now bitcoin price is starting to decline around 6% but I think it will last too long because if the Fed too hawkish maybe we will see bitcoin price decline quite far.I do believe that bitcoin's path will never go wrong and will be on a straight line no matter what the interest rates are and what the FED will say.
There's this connection that I've read before that bitcoin's price will be correlated to the impact of inflation and for that to happen, an increase in interest rates will be the factor of it.
I do believe that bitcoin's path will never go wrong and will be on a straight line no matter what the interest rates are and what the FED will say.
In my opinion, due to the increase in interest rates planned by the FED, of course it will have an impact on bitcoin, but whether or not the impact will be significant, of course we can't predict it so far, but certainly with the sentiment of rising inflation, the war in Ukraine, and tighter Fed policies, pushing higher volatility will occur in the market, right now bitcoin price is starting to decline around 6% but I think it will last too long because if the Fed too hawkish maybe we will see bitcoin price decline quite far.I do believe that bitcoin's path will never go wrong and will be on a straight line no matter what the interest rates are and what the FED will say.
There's this connection that I've read before that bitcoin's price will be correlated to the impact of inflation and for that to happen, an increase in interest rates will be the factor of it.
I do believe that bitcoin's path will never go wrong and will be on a straight line no matter what the interest rates are and what the FED will say.
I do believe that bitcoin's path will never go wrong and will be on a straight line no matter what the interest rates are and what the FED will say.
There's no relation between Bitcoin and bank interest, so it's no chance to make Bitcoin fall due to bank interest.
The average bank APY doesn't even reach 1%, even there's a bank offer 2-5% APY it doesn't worth for investment. The higher interest rate, the higher money printed, this make fiat is more easier to get and inflation will increase. Even it's supposed people will save their fiat on banks and reduce the fiat's circulations, but in the end the fiat supply will increase. Saving doesn't make your fiat's value increase, but otherwise.
The average bank APY doesn't even reach 1%, even there's a bank offer 2-5% APY it doesn't worth for investment. The higher interest rate, the higher money printed, this make fiat is more easier to get and inflation will increase. Even it's supposed people will save their fiat on banks and reduce the fiat's circulations, but in the end the fiat supply will increase. Saving doesn't make your fiat's value increase, but otherwise.
Nope,having higher interest rates means quite the opposite.The Federal Reserve might start selling more government bonds to the banks,therefore reducing the circulating money supply.Less money supply means lower inflation.The problem is that the interest rate increase won't be sufficient enough to lower the inflation drastically and having too high interest rates would make the US federal debt too expensive.
In summary,we might expect the US dollar to gain more value in the short term,while Bitcoin will stay in a stagnant market in the upcoming 1 or 2 years.
~snip~
In this case as in others that could affect the Bitcoin, I think it may affect in the short term, but the fact is that within one cycle, and two, the price of Bitcoin will be much higher, regardless of what the FED or other factors have done.
In this case as in others that could affect the Bitcoin, I think it may affect in the short term, but the fact is that within one cycle, and two, the price of Bitcoin will be much higher, regardless of what the FED or other factors have done.
This is something that people like you and me are counting on because we have been witnessing for some time that Bitcoin is superior to gold, fiat or stocks, but skepticism among most people is still at a very high level. Over the years, I have always tried to be someone who will try to explain to people the advantages and disadvantages of Bitcoin, but except for this forum, in real life I have encountered mostly huge walls of misunderstanding.
Back in 2015, I told people that they should invest a few hundred dollars in BTC, and most said that it would fail very soon, and it is interesting that most of these people think the same today. It is probably the influence of local factors like my central bank and various regulatory agencies that regularly warn of the dangers of such investment, and most people act like sheep and listen to great leaders.
The situation in which the ship is sinking and people instead of going to the lifeboats listen to the captain who says that everything will be fine, reminds me a lot of what is happening today.
There's no relation between Bitcoin and bank interest, so it's no chance to make Bitcoin fall due to bank interest.
The average bank APY doesn't even reach 1%, even there's a bank offer 2-5% APY it doesn't worth for investment. The higher interest rate, the higher money printed, this make fiat is more easier to get and inflation will increase. Even it's supposed people will save their fiat on banks and reduce the fiat's circulations, but in the end the fiat supply will increase. Saving doesn't make your fiat's value increase, but otherwise.
The average bank APY doesn't even reach 1%, even there's a bank offer 2-5% APY it doesn't worth for investment. The higher interest rate, the higher money printed, this make fiat is more easier to get and inflation will increase. Even it's supposed people will save their fiat on banks and reduce the fiat's circulations, but in the end the fiat supply will increase. Saving doesn't make your fiat's value increase, but otherwise.
There is a certain relationship, not very strong, but there is, because interest rates affect the whole economy, and, whether we like it or not, Bitcoin is within the current economic system (far from being a P2P electronic cash system) that is used in most cases as an investment.
In this case as in others that could affect the Bitcoin, I think it may affect in the short term, but the fact is that within one cycle, and two, the price of Bitcoin will be much higher, regardless of what the FED or other factors have done.
There's no relation between Bitcoin and bank interest, so it's no chance to make Bitcoin fall due to bank interest.
The average bank APY doesn't even reach 1%, even there's a bank offer 2-5% APY it doesn't worth for investment. The higher interest rate, the higher money printed, this make fiat is more easier to get and inflation will increase. Even it's supposed people will save their fiat on banks and reduce the fiat's circulations, but in the end the fiat supply will increase. Saving doesn't make your fiat's value increase, but otherwise.
The average bank APY doesn't even reach 1%, even there's a bank offer 2-5% APY it doesn't worth for investment. The higher interest rate, the higher money printed, this make fiat is more easier to get and inflation will increase. Even it's supposed people will save their fiat on banks and reduce the fiat's circulations, but in the end the fiat supply will increase. Saving doesn't make your fiat's value increase, but otherwise.
Changing interest rates have always been a band aid they put on the failing economy to manipulate the severe effects of inflation not to eliminate them and it will always be like this as long as they keep printing more and more money. In other words it won't "strengthen" dollar it just alleviates the pain.
Not to mention that when you look at the bigger picture fiat (including USD) is losing its value regardless of what desperate things the government is doing in short term.
For example rents have gone up 20% every year in US. Food costs are soaring and people are running out of money to buy groceries. Utility bills are rising as energy prices rise,... these are all signs of fiat losing its strength not gaining strength and that's due to its unlimited supply whereas bitcoin still has as it has always had limited supply!
What the future holds for bitcoin is only rise and more rise as adoption increases specially as fiat tanks.
Not to mention that when you look at the bigger picture fiat (including USD) is losing its value regardless of what desperate things the government is doing in short term.
For example rents have gone up 20% every year in US. Food costs are soaring and people are running out of money to buy groceries. Utility bills are rising as energy prices rise,... these are all signs of fiat losing its strength not gaining strength and that's due to its unlimited supply whereas bitcoin still has as it has always had limited supply!
What the future holds for bitcoin is only rise and more rise as adoption increases specially as fiat tanks.
We already know that the fed will keep raising rates till the end of the year, we will end up at like 2.5% or so. So this is all priced in.
Many people knew about this last week when it was hinted that tapering is ending and rates will have to go up. The stock market with Bitcoin priced it in.
Only time that a fed meeting will have a big affect is if they do a surprise hike, or raise by more or less than 50bps. But right now everybody is expecting these 50bps hikes to go on.
Many people knew about this last week when it was hinted that tapering is ending and rates will have to go up. The stock market with Bitcoin priced it in.
Only time that a fed meeting will have a big affect is if they do a surprise hike, or raise by more or less than 50bps. But right now everybody is expecting these 50bps hikes to go on.
What do you think about the Federal Reserve System meeting?
Is there any chance that bitcoin will fall as the dollar strengthens if they decide to raise interest rates?
Is there any chance that bitcoin will fall as the dollar strengthens if they decide to raise interest rates?
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