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Topic: why bitcoin may benefit from FED interest rate hike (Read 1161 times)

legendary
Activity: 1620
Merit: 1000
news.8btc.com
They're just trying to respond to Trump's plans to bring unemployment below the natural rate of unemployment, inflation will be huge if they succeed. Moral of the story? Trump is good for btc Tongue

President Trumps work is a good news to bitcoin. If the price of dollars increase in value then using simple logic since bitcoin is backed up by dollar then the value of bitcoin is also increasing. Though the United States of America cannot really felt the impact on bitcoins but to us living in the third world country the conversion of bitcoin to our local currency will also increased.

Bitcoin is not backed up by the dollar. The dollar just happens to be the currency against which bitcoin is mostly traded.
I am not sure if Bitcoin will benefit from Fed interest rate hike. Usually, when interest rate goes up, risk tolerance comes down.

I think the FED are bluffing on more hikes.
legendary
Activity: 1620
Merit: 1000
news.8btc.com

If Philips curve levels of inflation kick in we just might see the biggest buy in since India Cheesy , nothing positive but if the whole of US starts buying in the price will skyrocket like Cyprus all over again

I am aware that Indian bitcoin OTC buyers are quite active recently.
legendary
Activity: 1620
Merit: 1000
news.8btc.com
They're just trying to respond to Trump's plans to bring unemployment below the natural rate of unemployment, inflation will be huge if they succeed. Moral of the story? Trump is good for btc Tongue

An upcoming hyperinflation in USA?
sr. member
Activity: 364
Merit: 250
They're just trying to respond to Trump's plans to bring unemployment below the natural rate of unemployment, inflation will be huge if they succeed. Moral of the story? Trump is good for btc Tongue

Trump isn`t good or bad for bitcoin.
Anyway,if the unemployment levels in the USA decrease,more people will have jobs,which means that more people would be able to save some money to buy bitcoins.
Trump is unpredictable, which is bad for the investors and the economic growth might be very little.
Inflation won`t be that huge ,because the world wants to buy more US dollars and this will keep the high US dollar value.

If Philips curve levels of inflation kick in we just might see the biggest buy in since India Cheesy , nothing positive but if the whole of US starts buying in the price will skyrocket like Cyprus all over again
hero member
Activity: 2968
Merit: 913
They're just trying to respond to Trump's plans to bring unemployment below the natural rate of unemployment, inflation will be huge if they succeed. Moral of the story? Trump is good for btc Tongue

Trump isn`t good or bad for bitcoin.
Anyway,if the unemployment levels in the USA decrease,more people will have jobs,which means that more people would be able to save some money to buy bitcoins.
Trump is unpredictable, which is bad for the investors and the economic growth might be very little.
Inflation won`t be that huge ,because the world wants to buy more US dollars and this will keep the high US dollar value.
legendary
Activity: 1918
Merit: 1012
★Nitrogensports.eu★
They're just trying to respond to Trump's plans to bring unemployment below the natural rate of unemployment, inflation will be huge if they succeed. Moral of the story? Trump is good for btc Tongue

President Trumps work is a good news to bitcoin. If the price of dollars increase in value then using simple logic since bitcoin is backed up by dollar then the value of bitcoin is also increasing. Though the United States of America cannot really felt the impact on bitcoins but to us living in the third world country the conversion of bitcoin to our local currency will also increased.

Bitcoin is not backed up by the dollar. The dollar just happens to be the currency against which bitcoin is mostly traded.
I am not sure if Bitcoin will benefit from Fed interest rate hike. Usually, when interest rate goes up, risk tolerance comes down.
hero member
Activity: 994
Merit: 544
They're just trying to respond to Trump's plans to bring unemployment below the natural rate of unemployment, inflation will be huge if they succeed. Moral of the story? Trump is good for btc Tongue

President Trumps work is a good news to bitcoin. If the price of dollars increase in value then using simple logic since bitcoin is backed up by dollar then the value of bitcoin is also increasing. Though the United States of America cannot really felt the impact on bitcoins but to us living in the third world country the conversion of bitcoin to our local currency will also increased.
sr. member
Activity: 364
Merit: 250
They're just trying to respond to Trump's plans to bring unemployment below the natural rate of unemployment, inflation will be huge if they succeed. Moral of the story? Trump is good for btc Tongue
legendary
Activity: 1620
Merit: 1000
news.8btc.com
FED interest rate hike is a spent bullet and could not last for long.
http://news.8btc.com/why-bitcoin-may-benefit-from-the-fed-interest-rate-hike


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