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Topic: Is everyone ready for Bitcoin's NEXT LEG DOWN ??? Federal Reserve Tightening (Read 300 times)

hero member
Activity: 517
Merit: 11957
Past performance is not indicative of future results.     Google it...

In 2014 and 2017, when bitcoin was in great difficulty, it was also said that the past cannot be a determining factor for the future of this asset. But at the moment, so far, Bitcoin has a pronounced cyclical nature.

Of course, now all markets are experiencing difficulties with liquidity. But this won't go on forever. It’s definitely not worth waiting for something good from the crypto market now. In 2020, due to the pandemic, I heard many times that it is necessary to urgently sell all digital assets and shift to physical goods, since during periods of a pandemic the value of any virtual candy wrappers tends to zero and such assets must be disposed of. After that, a year and a half passed and the picture changed dramatically. So now, again there is talk about the urgent need to get rid of bitcoin, because now there are such bad market conditions. There are always, always were and will be alarmists, but holders will never listen to such people.
full member
Activity: 1303
Merit: 128
Who is going to ride the next bitcoin crash down Huh

Me I guess.  I'm fully expecting the market to continue dropping for a few months, but I'm not worried about it or rushing to sell what crypto I have.  This is because I also expect it to rise to new highs once the dust settles.  I plan to use the next year of low prices as an opportunity to stack sats and wait for the right time to do something great.  I think the only real concern holders should have is surviving until the next moon shot.
I see chart in connection with S&P 500, Stocks and Bitcoin, it looks like they are moving the same pattern and really depends on the US economy so I think the price will stay on a bear market until the US economy stabilize and made at least a good pump. This is fine, cheaper Bitcoin is a good opportunity to buy more and we should take that opportunity, the whole market is still down though.
donator
Activity: 4760
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Leading Crypto Sports Betting & Casino Platform
Who is going to ride the next bitcoin crash down Huh

Me I guess.  I'm fully expecting the market to continue dropping for a few months, but I'm not worried about it or rushing to sell what crypto I have.  This is because I also expect it to rise to new highs once the dust settles.  I plan to use the next year of low prices as an opportunity to stack sats and wait for the right time to do something great.  I think the only real concern holders should have is surviving until the next moon shot.
legendary
Activity: 1358
Merit: 1565
The first decentralized crypto betting platform
In the past, there might have been direct correlation between Bitcoin's price and Nasdaq stocks. But that doesn't predict the future, right?

The alleged relationship, which is more of a correlation, has only been such for short periods of time.

At the moment we have been tightening for a few months and USD 20,000 seems to be quite strong support. It has come down a few times from that level but if the price goes down again it looks like it is going to do what it has done the last few times: it is not going to stay there for long.

For me to believe that the price is going to test new lows and spend a long time below 20,000 USD I would expect very bad news specific to bitcoin, and not simply that the FED and the other central banks will continue with a policy that has been predicted and in many cases discounted by the markets.
sr. member
Activity: 2380
Merit: 366
If you haven't noticed in your post, you are actually contradicting yourself. You ended with a sort of a warning that it is a universally accepted financial fact that the past isn't indicative of the future. If that is true, then you may forget about your fear of a crash simply because the Fed is to tighten monetary policies. In the past, there might have been direct correlation between Bitcoin's price and Nasdaq stocks. But that doesn't predict the future, right?
legendary
Activity: 3808
Merit: 1723
In a few hours we got inflation data out. We are expecting pretty much no inflation increase compared to last month. This data is very important because if we get a positive print like >0.5% we will get a massive sell off in all markets worldwide.

Right now everyone is thinking that the fed increased rates and it slowed inflation, however if inflation is still up then it means higher fed rate hikes need to come.
legendary
Activity: 2716
Merit: 1383
OP is simply trying spread FUD and nothing else. When bitcoin is into bear market, people will lose their networth and not their confidence nor any bitcoins hence over reacting to downfall conditions of market is always not recommended. So, just holding your bitcoins tight is the only thing, I like to suggest everyone who are all into long term holders.

I will not lose my money by holding my bitcoins because my entry prices were spreading out way back since 2013. So, not all the people here are panicking and over reacting to bear market. If you get time to analyse the potential and fundamental of bitcoin opportunity then definitely you must be looking for dips to buy more. This is definitely a right time to buy more and not for exiting.
People need to be very careful when they decide to invest in an asset like bitcoin, it often surprises me that people are acting as if the bear market that we are experiencing right now is somehow something we have never seen before, they should have been prepared for the bear market they knew was coming, either by becoming traders and selling as soon as they could when the trend turned negative or by becoming long term investors and hold their coins no matter how low the market could go, it is only when they fail to take any of those two postures when huge losses are incurred by those people.
hero member
Activity: 3220
Merit: 678
www.Crypto.Games: Multiple coins, multiple games
Attempting to shorting Bitcoin at this price is considered risky, as the chances of a return to levels of $11,000 are not considered good. And if it happens, returning again to a level higher than 19k will steal more time, and therefore I do not think that someone will wait, but will start to panic again that the price will drop again.

In general, any attempt to sell at these prices (if you are not forced) is not the right choice.
Shorting is an act of selling and buying at a much cheaper price so it's actually very good if the price dumped to 11k right after we sell at the current price which is 18.7k usd. Once we get to a lower level, the recovery rate is going to be faster because many people are going to buy as well. In the event there is a small delay and someone can't patiently wait then that's their problem anymore not and ours. Better if they will just sell to incur a big loss and then leave this market forever. We don't need weak people here anyway.
We should have done it when it was higher, if you start shorting now when the price is already lower, that will not help you at all, it would hurt your finances more than it helps you. This is why there is no need to keep on making shorting calls at the current price.

I am not saying go buy some long futures, but holding bitcoin right now would be smarter decision, start shorting a bit when it's pumped, usually that means it will start going lower, but doing it now is not the case. I personally hold bitcoin and do not sell it or short it at any situation, I just dislike the idea of bitcoin going down and not bet on it at all.
sr. member
Activity: 2660
Merit: 339
Attempting to shorting Bitcoin at this price is considered risky, as the chances of a return to levels of $11,000 are not considered good. And if it happens, returning again to a level higher than 19k will steal more time, and therefore I do not think that someone will wait, but will start to panic again that the price will drop again.

In general, any attempt to sell at these prices (if you are not forced) is not the right choice.
Shorting is an act of selling and buying at a much cheaper price so it's actually very good if the price dumped to 11k right after we sell at the current price which is 18.7k usd. Once we get to a lower level, the recovery rate is going to be faster because many people are going to buy as well. In the event there is a small delay and someone can't patiently wait then that's their problem anymore not and ours. Better if they will just sell to incur a big loss and then leave this market forever. We don't need weak people here anyway.


Quote
The Federal Reserve as vowed to tighten monetary conditions to bring down inflation.   This includes bringing down FINANCIAL ASSETS.
This is a great new but I don't think cryptos are going to be affected with it because they don't own or control it.
hero member
Activity: 2660
Merit: 551
OP is simply trying spread FUD and nothing else. When bitcoin is into bear market, people will lose their networth and not their confidence nor any bitcoins hence over reacting to downfall conditions of market is always not recommended. So, just holding your bitcoins tight is the only thing, I like to suggest everyone who are all into long term holders.

Yes and it will not be realized profits or lost until you sell your bitcoin. So in that case, for holders, there are obviously no money gain or lost. And then we continue to buy at this bear market and accumulate.

I will not lose my money by holding my bitcoins because my entry prices were spreading out way back since 2013. So, not all the people here are panicking and over reacting to bear market. If you get time to analyse the potential and fundamental of bitcoin opportunity then definitely you must be looking for dips to buy more. This is definitely a right time to buy more and not for exiting.

True, those who have been hear or least in my case I joined crypto in 2017, I know what I'm going to do in the bear market. I would say that I panicked in 2018, but now I equipped myself with knowledge not to panic and be nervous in this bear market and not to listed to this kind of FUD.
legendary
Activity: 3752
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
OP is simply trying spread FUD and nothing else. When bitcoin is into bear market, people will lose their networth and not their confidence nor any bitcoins hence over reacting to downfall conditions of market is always not recommended. So, just holding your bitcoins tight is the only thing, I like to suggest everyone who are all into long term holders.

I will not lose my money by holding my bitcoins because my entry prices were spreading out way back since 2013. So, not all the people here are panicking and over reacting to bear market. If you get time to analyse the potential and fundamental of bitcoin opportunity then definitely you must be looking for dips to buy more. This is definitely a right time to buy more and not for exiting.
legendary
Activity: 1722
Merit: 2213
Who is going to ride the next bitcoin crash down Huh   The Federal Reserve as vowed to tighten monetary conditions to bring down inflation.   This includes bringing down FINANCIAL ASSETS.

I rode the wave down from $6K to $3.2K in 2018, as well again from around $8K to $4K, so yes I consider myself ready for another ride if it comes Cheesy

The link between Bitcoin's price and Speculative Nasdaq stocks is undeniable.  Once the selling starts again, it is going to cause more people to get out, and turn into a vicious doom loop.  

It's undeniable, until it's no longer relevant. I'm also not convinced the stock market is going into another recession multi-year bear market like many doomsday predictions. Yes inflation means the economy isn't growing, nor are the companies in the S&P for company, but it also means fiat currencies are losing 10% value every year if not completely obvious, so long-term this remains bullish.

IF I did own and love Bitcoin I would sell before the crash, and buy in at a much lower price so at the end of the day I had twice as many Bitcoin.

This is what you should of done around $40K to $50K, not around $20K, but each to their own. The reality is many people who think like this are attempting to "revenge trade" their mistakes or buying too high. Others have simply allocated approximately to the current drop in price, with the intent on averaging in lower if another capitulation occurs, which remains the sensible way to deal with a bear market.

Personally, I think bitcoin is the best way in the world to loose money right now, and I would not hold any.  

Thanks for the "Bitcoin is dead" sentiment, it's a useful indicator that the bottom is either already in, or very close, as per usual, and has been lacking recently.
member
Activity: 434
Merit: 29
And you are trying so hard to make it sound like dooms day:Smiley
Crash = buy opportunity, perhaps you haven't noticed. This your another opportunity to buy btc at a cheap price so you can get over your negativity towards the tech and embrace positivity  Grin.
These are Hard Facts.  Tongue

If buying assets that have crashed is your strategy, then you can buy a lot of these assets that have crashed   Grin Grin Grin Grin

Venezuelan Bolivars
Stocks of Enron
Stocks of Lehman Brothers
Stocks of Pets.com
Tulip Bulbs

The list of cheap, crashed assets you can buy is endless !!!!!


hero member
Activity: 1064
Merit: 639
Personally, I think bitcoin is the best way in the world to loose money right now, and I would not hold any. 
It seems that you have bought bitcoin at high and now you are upset because of the price drop.  Hodl man, patiently. The pain is temporary and it is not going to last forever and soon we'll see a good recovery in price.
legendary
Activity: 2702
Merit: 4002
Attempting to shorting Bitcoin at this price is considered risky, as the chances of a return to levels of $11,000 are not considered good. And if it happens, returning again to a level higher than 19k will steal more time, and therefore I do not think that someone will wait, but will start to panic again that the price will drop again.

In general, any attempt to sell at these prices (if you are not forced) is not the right choice.
legendary
Activity: 2254
Merit: 2406
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It seems like all of the forum trolls are having a field day for gaslighting BTC instead of taking advantage of its 50-60% off price from the median price. Well, their loss. I already have twice the BTC I had before the bearish season.
They could very well be taking advantage of the low prices while having their field day on social media. I've many a time come across people give a different impression on social media than they practice in real life.
I actually have no issue with FUDs based on sensible arguments, but outright trolls are insufferable.

Bitcoin is always affected whatever major currency is dumping. Converting to stablecoin is really a wise decision on this looming market crash.
If major fiats dumps, Bitcoin grows against them, as they are usually traded against each other.
Also, I wouldn't advice anyone to convert to a centralized asset class.
legendary
Activity: 2436
Merit: 1366
Tightening is definitely terrible thing for financial markets. But everyone including crypto investors were already ready for it. I personally sold my assets and converted into usd stable coins around crash area. I also never went with Euros because of Ukraine war. I believe usa is gonna be the least affected developed country in this crisis as they have huge oil and gas reserves. Tightening will end rather quickly for usd and Bitcoin will start its rally in a year or two at max.

I was surprised before that EURO value is decreasing while USD that recently reported about struggling on inflation is now getting stronger on pumping its value. I'm not well updated on what's happening on European country in regards with war but surely Russian is doing a great job on maintaining there own currency level value to stable while the rest of the country near them is crumbling.

Bitcoin is always affected whatever major currency is dumping. Converting to stablecoin is really a wise decision on this looming market crash.
It (Euro crash/crisis) was mainly because Eurozone countries all had agreements with Russia about gas and their many industries were tied to cheap Russian gas. After war started and Europeans started applying embargoes to Russia, their politicians wanted to cut gas demand. Russia also (sort of) wanted not to supply countries who embargoed them. So USA > Euro era started.
I feel like its not favorable for Bitcoin for now, but in future usa will be key to fix both Bitcoin and European markets.
hero member
Activity: 1484
Merit: 597
Bitcoin makes the world go 🔃
Tightening is definitely terrible thing for financial markets. But everyone including crypto investors were already ready for it. I personally sold my assets and converted into usd stable coins around crash area. I also never went with Euros because of Ukraine war. I believe usa is gonna be the least affected developed country in this crisis as they have huge oil and gas reserves. Tightening will end rather quickly for usd and Bitcoin will start its rally in a year or two at max.

I was surprised before that EURO value is decreasing while USD that recently reported about struggling on inflation is now getting stronger on pumping its value. I'm not well updated on what's happening on European country in regards with war but surely Russian is doing a great job on maintaining there own currency level value to stable while the rest of the country near them is crumbling.

Bitcoin is always affected whatever major currency is dumping. Converting to stablecoin is really a wise decision on this looming market crash.
legendary
Activity: 2436
Merit: 1366
Tightening is definitely terrible thing for financial markets. But everyone including crypto investors were already ready for it. I personally sold my assets and converted into usd stable coins around crash area. I also never went with Euros because of Ukraine war. I believe usa is gonna be the least affected developed country in this crisis as they have huge oil and gas reserves. Tightening will end rather quickly for usd and Bitcoin will start its rally in a year or two at max.
legendary
Activity: 1372
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IF I did own and love Bitcoin ...

This shows your post is just wishful thinking.

Why don't you short Bitcoin?

Because he lives in his mum's basement and after spending his weekly allowance on Doritos he doesn't have a penny left.

Going to the point, the macroeconomic situation still doesn't look good, but despite bad news of late it has shown that Bitcoin has pretty strong support at $20k. I don't expect it to go below those levels for a long time barring catastrophic events.
hero member
Activity: 3192
Merit: 939
You are writing this as if everyone should be shocked and surprised by this kind of news.
1. The "Federal Reserve tightening" was expected.
2.Almost everyone in the crypto industry knows that the crypto winter will continue in the next year or two.
3.The Bitcoin price dropping below 20K USD won't be a shocker for anyone. It's simply a part of the crypto winter.
4.The Federal Reserve won't continue forever with the monetary policy of raising interest rates and reducing quantitative easing.
At some point, the money printing machine will start printing more money and creating more price bubbles. The bull run will come.
Let's be honest here. All the Bitcoin bull runs were price bubbles and there's nothing wrong with that.
member
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HardFacts is the name of the OP and yet what he is presenting here is just a mere hearsay or we can say speculative in nature. Now, there is nothing wrong if one is going to share whatever opinion a person has today and into the future but to act like he is so sure what can be and that only his own view of things can happen well that is something else. As for Bitcoin, there is no denying that forces right now are affecting its ups and downs travail and I am seeing the same thing to be true for the rest of the year. So in my own prediction, it would be so hard or just a dream for us to expect BTC to go beyond at least $30,000 this 2022 - but then who knows as impossible dreams can still come true anyway.
member
Activity: 196
Merit: 67
IF I did own and love Bitcoin I would sell before the crash, and buy in at a much lower price so at the end of the day I had twice as many Bitcoin.  
Why don't you short Bitcoin?
https://www.cmegroup.com/markets/cryptocurrencies/bitcoin/bitcoin.contractSpecs.html
At the end of the day you could have twice your invested paper.

UNIVERSALLY ACCEPTED FINANCIAL WARNING:
Past performance is not indicative of future results.     Google it...


*** This is not a financial/investment advice *** You could lose all your money ***
legendary
Activity: 1568
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bitcoincleanup.com / bitmixlist.org
Are you trying to create FUD?
The Op has hundred of such replies and a handful of FUD topics with some being outright trolling.
It's most likely an attempt to get attention from the forum and it seems to work a lot, or some people get to have fun at the expense of the troll.

It seems like all of the forum trolls are having a field day for gaslighting BTC instead of taking advantage of its 50-60% off price from the median price. Well, their loss. I already have twice the BTC I had before the bearish season.

When BTC does its usual correction recovery they're all going to melt away like rats in the sun.

Watch as almost nothing significant happens to BTC after the aftermath of the federal reserve meeting at Jackson Hole (I do not count a -$1000 price correction as significant).
hero member
Activity: 1778
Merit: 907
I've said it before, in another similar thread. The world doesn't revolve around the USA. Certainly, stocks and cryptocurrencies are correlated, but the Federal Reserve is currently the least of our causes for the bear market. The excessive oil and electricity prices, the disruption in the supply chain, the possibility of another Covid-19 winter and the ongoing war in Ukraine are all events that are not assisting investments. I also believe that Bitcoin is susceptible to crashing even further in the upcoming months and definitely not because of the FED. It might have an effect, but it's certainly not the end of the world. It's kind of expected that in such periods of recession, we can't expect Bitcoin or stocks to be performing at their greatest capacity.

Even if that's the case, people always claimed Bitcoin is expensive, well, here's your chance to shine!
hero member
Activity: 714
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DGbet.fun - Crypto Sportsbook
Who is going to ride the next bitcoin crash down   The Federal Reserve as vowed to tighten monetary conditions to bring down inflation.   This includes bringing down FINANCIAL ASSETS.

you can only bring down financial assets backed by fiat and not bitcoin in cryptocurrency, re-engage your research.

The link between Bitcoin's price and Speculative Nasdaq stocks is undeniable.  Once the selling starts again, it is going to cause more people to get out, and turn into a vicious doom loop. 

for people like you who don't understand anything and not willing to know what they lack nor learn from others

IF I did own and love Bitcoin I would sell before the crash, and buy in at a much lower price so at the end of the day I had twice as many Bitcoin. 

ordinary words does not provide a yes as an answer to this, it requires your technical skills in display.

Personally, I think bitcoin is the best way in the world to loose money right now, and I would not hold any.

obviously I don't expect someone like you to hodl or invest so that you will have something missed later in future, no wonder i see your image does not tally with all you're saying, i hope you realize it USD and not BTC was indicated leaving you, which is more reason for you to also embrace bitcoin as alternative fromb the departed fiat in other for you not to remain empty.
legendary
Activity: 2814
Merit: 1192
Many people don't get it that if you price goods in fiat money and then print a ton of it, the goods are going to get more expensive - inflation.
When they play around with interest rates they want it to look like fiat is gaining value. They want to make people save up fiat money which is a counterproductive action because fiat is and will be inflationary. Tight or lose policies of the FED are nothing but a big scam and they will make it look like they can stop inflation, but all they can do is make your money lose 4% a year instead of 8%, but ultimately you will still lose in the long run.

Despite what they want you all to think, holding bitcoin is the best way to go because the FED and central banks can only destroy companies that take loans. Bitcoin has no front man and is not in debt. It cannot be touched. What you're observing on the bitcoin market is companies who took loans to buy bitcoin getting wasted, but there's a limit to it. At some point money printers will wipe out all those who depend on them and fiat money will continue to inflate. It's a war they cannot win, but bitcoin holders can, as long as they can wait until Spring 2024.
hero member
Activity: 3066
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IF I did own and love Bitcoin I would sell before the crash, and buy in at a much lower price so at the end of the day I had twice as many Bitcoin. 

Personally, I think bitcoin is the best way in the world to loose money right now, and I would not hold any. 
We have opposite beliefs on bitcoin. Bitcoin right now isn't a way to lose money for me thus, it's helping me to gain some financial help and help me deal with inflation.
Also, I wouldn't sell before or after the crash happens. I'm just good at holding it and no problem with whether I'll be seeing the crash again, there's no problem with that. I've even endured $20k down to $3k and the same goes for $69k to $17k. That's not a problem, everyone can endure a potential crash that you're saying might come soon.
legendary
Activity: 4424
Merit: 4794
i was wondering what the topic creator was FUd'ing about..
seems he is repeating some chosen words of
https://cointelegraph.com/news/what-does-the-fed-s-fight-against-inflation-mean-for-crypto-macro-analyst-explains
https://youtu.be/zUsg8nP2WWE


here is the thing
if they are going to make fiat undesirable to save (low bank account reward interest) then people will want to save wealth elsewhere.
(their hope is for the rich to spend their fiat hoard on goods and trickle some of that elitism fiat down to the basic low paid retail employee's, to stimulate the economy by making it bad to hoard fiat)

what we have seen is that people in Q1-Q2 knew the fiat world of goods would raise the price of goods. so people went on an asset to fiat swap to buy up fiat priced goods quick to stock up on things they might have bought next year, but knew next years fiat prices of those goods would be higher.. so obviously best to buy those goods sooner

but now people have stocked up on physical goods. they will want to save up their spare/disposable value/wealth.
by which its not good to save it as fiat. ..
and instead best to now put wealth back into assets and crypto. like bitcoin

bitcoin is cheap so a real good time to get back in if you have now stocked up on your lifestyle stuff for the next few years

in the video the so called "analyst" thinks fiat rich people are now in Q3 going to invest in energy markets..
HA
about 6 months too late for that "analyst" to have come up with that idea..
i seen that back in february..
legendary
Activity: 2338
Merit: 1923
Personally, I think bitcoin is the best way in the world to loose money right now, and I would not hold any. 
That is a extreme statement. Things are looking really bad at the moment. I don't think the next few months will be good, no matter in which asset. This bear market is different from the last. The energy crisis, Corona crisis, inflation and the FED and EZB acting like they don't know what to do. One question to ask yourself right now: Is cash or bitcoin a better asset for hodl or invest?
legendary
Activity: 2254
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Are you trying to create FUD?
The Op has hundred of such replies and a handful of FUD topics with some being outright trolling.
It's most likely an attempt to get attention from the forum and it seems to work a lot, or some people get to have fun at the expense of the troll.

Personally, I think bitcoin is the best way in the world to loose money right now, and I would not hold any. 
Good luck finding the best way to gain money and actually expending energy on that.
hero member
Activity: 2562
Merit: 577
Leg down! right or left?  Grin lol, I don't know why this federal reserve talk is gaining so much attention, we are already in a bear market due to several other reasons, I guess federal reserve will be added to the list of reasons why btc price will dip lower.
To me, i hope to have some cash with me when it eventually happens so i can do some shopping because there is always a light at the end of the tunnel.
sr. member
Activity: 1288
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Why are people talking about this federal reserve as something new this is the 2nd time am coming across this topic on this forum.
 btc price will fluctuate, price will go down and it will definitely come up back, so far as government don't have control over BTC, am not worried about anything, only few investors will backslide but they will eventually come back.
legendary
Activity: 2422
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Are you trying to create FUD? Unless you add enough evidence behind of scenes then it's likely a FUD. If you don't want to hold Bitcoin doesn't mean no one wants it. You are going to sell doesn't mean there is no buyer. Bitcoin is the most volatile cryptocurrency, so price up and down is normal. Nothing to worry about that. A lot of haters around us and they don't like Bitcoin's growth. So they will always try to create FUD and dump it. But who knows if they like to accumulate at a cheap price?
hero member
Activity: 2478
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And you are trying so hard to make it sound like dooms day:Smiley
Crash = buy opportunity, perhaps you haven't noticed. This your another opportunity to buy btc at a cheap price so you can get over your negativity towards the tech and embrace positivity  Grin.
These are Hard Facts.  Tongue
member
Activity: 434
Merit: 29
Who is going to ride the next bitcoin crash down Huh   The Federal Reserve as vowed to tighten monetary conditions to bring down inflation.   This includes bringing down FINANCIAL ASSETS.

The link between Bitcoin's price and Speculative Nasdaq stocks is undeniable.  Once the selling starts again, it is going to cause more people to get out, and turn into a vicious doom loop. 

The icing on the cake of doom will be the implosion of more crypto companies  Shocked

IF I did own and love Bitcoin I would sell before the crash, and buy in at a much lower price so at the end of the day I had twice as many Bitcoin. 

Personally, I think bitcoin is the best way in the world to loose money right now, and I would not hold any. 


UNIVERSALLY ACCEPTED FINANCIAL WARNING:

Past performance is not indicative of future results.     Google it...



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