Will Bulls Decide BTC is an Inflation Hedge & Charge?

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Quote from: Dockertroy on June 10, 2022, 09:51:31 AM

As we all know the BTC narrative is that it is protection against inflationary FIAT currencies worldwide. Granted since it's inception inflation has not been spiraling out of control but it sure is now!

It is puzzling to me that the bulls are not stepping in scooping up more BTC at this price. Is it because no one wants to go first? I would have thought there would be some coordination between a few of them it will start the mother of all bull cycles but it seems no one is prepared to get the ball rolling.

I think that this ship has sailed at the moment, this latest price drop has definitely scared away a lot of investors - what good is calling Bitcoin a hedge against inflation if it has lost almost 60% of value since it's peak a few months back. Maybe if people are buying in freshly now and don't have any Bitcoin assets, it's a possible way to get in while the market is depressed, but many people are also predicting that it could drop even further. If stock markets start falling further (they have only had a rather small 10-20% correction so far but there is so much bad news possibly unaccounted for as well) then there is the potential for it to keep going down in correlation.

Silberman

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Quote from: pooya87 on June 12, 2022, 11:31:05 PM

Quote from: electronicash on June 12, 2022, 02:40:56 AM

holding BTC while there is recession can be a hard task and the whales are waiting for them to sell for the lowest possible price. if they believe that price can dive to $20K, they might just wait for it and make a transaction OTC.

doesn't act like a hedge when the value of BTC goes down while the inflation also keeps the goods prices soaring. its like two swords piercing holders.

A real holder doesn't buy the peaks but instead buys the dips.
When you the dips, you don't look at what the peak ($60k) were, you look at the fact that all this time you have been accumulating bitcoin at prices that are far below the current $25k-$35k range that price keeps going up and down inside. You also won't care about short term fluctuations since a holder looks at long term potential. Like for example 2019 when holders didn't care that price is in $3k range and may drop lower since today it is 10 times higher than that price.

True, a holder has to be a contrarian and take the opposite decision that the majority of the people take, most people sell at the dips while a long term holder buys them, as they consider they are buying bitcoin for a huge discount, also many people buy at the peak while a holder either keeps holding or sells a little bit to buy whatever they need or want while minimizing the amount of bitcoin they need to sell to accomplish their goals.

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Quote from: GreatArkansas on June 12, 2022, 11:49:45 PM

Quote from: suzanne5223 on June 11, 2022, 05:33:17 PM

Quote from: Dockertroy on June 10, 2022, 09:51:31 AM

As we all know the BTC narrative is that it is protection against inflationary FIAT currencies worldwide. Granted since it's inception inflation has not been spiraling out of control but it sure is now!

Yes, Bitcoin was designed to resist inflation and also serve as a hedge fund but that doesn't mean it is the answer to every problem or a bulletproof currency because it was also designed to experience a dump in price since the market is highly volatile and it is like the say "every great opportunity comes with great risk"

It seems that these dumps arrived at the wrong time, as you can also know we experienced a huge bull run last year, after we breached the $20,000 from last 2017-2018 bull run, we went up to almost $60,000 and for me, what we experiencing right now is just a correction from last year.
I believe in Bitcoin for the long term, we are still early. A lot of people expected that Bitcoin will be good because of the current inflation rate, but for me, it will not take effect immediately.

No, I don't believe the dump in the price of Bitcoin arrived at the wrong time because the market is just replicating the 4-year cycles of bull ^{(new ATH price)}, bear ^{(new bottom price)} and bull ^{(new ATH price)} just like we see in the year 2017-2018. However, some people seem not to be prepared or don't believe the market will replicate its 4years cycles due to the current inflation rate you stated, and thats not how the crypto market works.
I'm just hoping for more capital to buy this dip.

GreatArkansas

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Quote from: suzanne5223 on June 11, 2022, 05:33:17 PM

Quote from: Dockertroy on June 10, 2022, 09:51:31 AM

As we all know the BTC narrative is that it is protection against inflationary FIAT currencies worldwide. Granted since it's inception inflation has not been spiraling out of control but it sure is now!

Yes, Bitcoin was designed to resist inflation and also serve as a hedge fund but that doesn't mean it is the answer to every problem or a bulletproof currency because it was also designed to experience a dump in price since the market is highly volatile and it is like the say "every great opportunity comes with great risk"

It seems that these dumps arrived at the wrong time, as you can also know we experienced a huge bull run last year, after we breached the $20,000 from last 2017-2018 bull run, we went up to almost $60,000 and for me, what we experiencing right now is just a correction from last year.
I believe in Bitcoin for the long term, we are still early. A lot of people expected that Bitcoin will be good because of the current inflation rate, but for me, it will not take effect immediately.

pooya87

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Quote from: electronicash on June 12, 2022, 02:40:56 AM

holding BTC while there is recession can be a hard task and the whales are waiting for them to sell for the lowest possible price. if they believe that price can dive to $20K, they might just wait for it and make a transaction OTC.

doesn't act like a hedge when the value of BTC goes down while the inflation also keeps the goods prices soaring. its like two swords piercing holders.

A real holder doesn't buy the peaks but instead buys the dips.
When you the dips, you don't look at what the peak ($60k) were, you look at the fact that all this time you have been accumulating bitcoin at prices that are far below the current $25k-$35k range that price keeps going up and down inside. You also won't care about short term fluctuations since a holder looks at long term potential. Like for example 2019 when holders didn't care that price is in $3k range and may drop lower since today it is 10 times higher than that price.

electronicash

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Quote from: pooya87 on June 12, 2022, 02:20:19 AM

Quote from: Dockertroy on June 10, 2022, 09:51:31 AM

It is puzzling to me that the bulls are not stepping in scooping up more BTC at this price.

Unless you are the owner of all bitcoin exchanges or have some privileged access to their private history you can not make this claim. The fact is that in times like this when price is at a bottom and the accumulation phase is going on, regardless of what may happen next, there are a lot of people who are "accumulating" bitcoin. But they do it in a way that it doesn't affect the price because they want to maximize their profit.

holding BTC while there is recession can be a hard task and the whales are waiting for them to sell for the lowest possible price. if they believe that price can dive to $20K, they might just wait for it and make a transaction OTC.

doesn't act like a hedge when the value of BTC goes down while the inflation also keeps the goods prices soaring. its like two swords piercing holders.

pooya87

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Quote from: Dockertroy on June 10, 2022, 09:51:31 AM

It is puzzling to me that the bulls are not stepping in scooping up more BTC at this price.

Unless you are the owner of all bitcoin exchanges or have some privileged access to their private history you can not make this claim. The fact is that in times like this when price is at a bottom and the accumulation phase is going on, regardless of what may happen next, there are a lot of people who are "accumulating" bitcoin. But they do it in a way that it doesn't affect the price because they want to maximize their profit.

suzanne5223

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Quote from: Dockertroy on June 10, 2022, 09:51:31 AM

As we all know the BTC narrative is that it is protection against inflationary FIAT currencies worldwide. Granted since it's inception inflation has not been spiraling out of control but it sure is now!

Yes, Bitcoin was designed to resist inflation and also serve as a hedge fund but that doesn't mean it is the answer to every problem or a bulletproof currency because it was also designed to experience a dump in price since the market is highly volatile and it is like the say "every great opportunity comes with great risk"

Quote from: Dockertroy on June 10, 2022, 09:51:31 AM

It is puzzling to me that the bulls are not stepping in scooping up more BTC at this price. Is it because no one wants to go first? I would have thought there would be some coordination between a few of them it will start the mother of all bull cycles but it seems no one is prepared to get the ball rolling.

People don't prepare for any bull cycles to happen because the Bitcoin market has shown that it's replicating the previous old momentum market correction and later bloodbath but the good thing is they always introduce investors to buying low chance.

hatshepsut93

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The ATH was one year ago. The market participants are still preferring to wait for signs that the true bottom has been reached. The fact that Bitcoin rallied last year on anti-inflation hype, but isn't rallying now only means that the reason wasn't fundamental, it was just pure speculation and the narrative was a rationalization for a typical bull/bear cycle.

AakZaki

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Quote from: DeathAngel on June 10, 2022, 02:34:02 PM

The price is potentially being suppressed by whales at the current time. They will allow us to fly up when the time is right. They are eating all the cheap coins up. No significant epic green candles & ath until after the next block reward halving.

well the simple thing is that whales are still enjoying this bear market and continue to add to their load. buy all cheap coins. Manipulation continues to make prices go down. When the timing is right and all the fundamentals are supportive, then a bull market will come. Waiting for the whale to finish loading it would be better. We as small traders must also be prepared, don't waste this opportunity.

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Quote from: Dockertroy on June 10, 2022, 09:51:31 AM

It is puzzling to me that the bulls are not stepping in scooping up more BTC at this price.

Don't be surprised and confused by it, zoom out the charts and look from 2018-2020 and then 2020-2022. We're far from the first three years that I've mentioned.
We just came from a bull run and it's not going to be there forever. So what we're having right now is all about the market's correction which is necessary.

Quote from: Dockertroy on June 10, 2022, 09:51:31 AM

Is it because no one wants to go first? I would have thought there would be some coordination between a few of them it will start the mother of all bull cycles but it seems no one is prepared to get the ball rolling.

It's better for you to look forward to or after the 2024 halving.

Darker45

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Things are getting more uncertain these days. There's conflict somewhere which could escalate further. The prices of goods and services are rising to all new levels. Fiat currencies are continuously devalued. The pandemic is still present. Production costs rise. Supply chains disrupted. People need more money today than ever.

Still, it's just a matter of time before the bull run that we've all been waiting for will happen. For now, just keep your patience and HODL. Buy more if you have some extra savings. This is buying season. There will come a time in the near future when we'll look back to this day and wish we've bought more. In these trying times, the call to take refuge in Bitcoin is strong.

Charles-Tim

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Quote from: Dockertroy on June 10, 2022, 11:12:29 AM

What I was getting at is I am sure alot of the really big whales talk to each other. I should have probably said "there could be some coordination"

It is definitely true that the whales can manipulate the market, but bitcoin marketcap of over $500 billion should be hard to manipulate, unlike altcoins with low marketcap.

What I just think about this which I believe it is more accurate is that there is time for bull market and there is also time for bear market. You can see that from each 4 years after bitcoin halves. After bitcoin halves, it would be followed by bull market for many months to the extent all-time-high is reached. After, bear market followed.

Taken 2016/2017 bull market that corresponds to the bull market of 2021/2022, 2018 was bear market which is corresponding to what is happening in 2022. People are following period to buy and sell bitcoin massively which may become what is happening without whales involved.

dataispower

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Quote from: DapanasFruit on June 10, 2022, 09:58:03 AM

We assumed that if there will be a time when the economy would be experiencing a good level of inflation then more and more people and institutions would be getting BTC as their hedge or protection from the ill-effects of inflationary pressures...but right now when inflation is very much on our faces how come BTC is so sluggish? Frankly speaking, am confused too and I want to know the real scope in here. Can it be because investors are looking for the possibility that BTC will further go down in value...may even going down below the $20K threshold? Or maybe we are just so assumptive with this idea...?

Want to about of investor's having interest on the market of cryptocurrency going down, any investor will like the condition of bitcoin going down every time because they want to make profit and their profit reply for the bearish season as opportunity to buy many coins they want to buy and keep for when the bitcoin will get rise, so let us not talk of inflation because some people inflation for cryptocurrency world favor them and some people too get lost

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When bad times hit, cash proves itself to be King. Weak men acted in fear and the bad times are coming. Yellen can say there's plenty of reason to be optimistic just like she said there wouldn't be inflation. Don't be fooled though. Governments are the ones orchestrating this coming recession. They are going to bring pain on the people until the people realize they need dollars and have to continue working for them. Small businesses are in the process of being destroyed and the government won't stop until there are calls for universal income. If you still don't get it, the government wants tax receipt stability. The sheep all need to grow wool at the same rate so they can be easily sheered. Get in line or get prepared.

cabron

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It could be that the bulls are waiting for the market to calm down. Its either they know the price could still dive near $25k or just wait til there is a real trend of the market. The market is still in bear, it back to where it was after the capitulation last week. It does look bullish last week but its dragged down again.

After ETH upgrade, the bulls doesn't even care which billions are taken in and out of the whole crypto market every hour.

DeathAngel

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The price is potentially being suppressed by whales at the current time. They will allow us to fly up when the time is right. They are eating all the cheap coins up. No significant epic green candles & ath until after the next block reward halving.

Fivestar4everMVP

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If the price is right for you, just buy, hold and wait, one thing I've come to discover is that we don't usually experience bullish trend of the market when every one is expecting it, it comes when every one least expect it, in 2017, it came when investors least expected, it also happened in 2020/2021, the bull market came when investors least expected.
Right now, alot of investors are eagerly waiting in anticipation for the return of the green candles, am of the opinion that it wont happen now, so you if have the money to invest, and this price is good for you , then just buy, hold and wait patiently, it will payoff on the long run.

fiulpro

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You cannot predict their moves maybe they are waiting for people to panic and sell, when the price is stable for a while they would eventually try and see how it might make things weird for people, people eventually will try and move to some other markets and trade their coins and the price will go down low even further and with the fed news, Russian problems, market inflation it's all getting a bit too risky and therefore they might not be trying to peg their money on bitcoins or any other volatile currency at the moment, but again we are seeing ups and downs in a day which can be excellent for interday trading, therefore don't give up and hold your coins ! It would be worth it.

teosanru

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Quote from: Dockertroy on June 10, 2022, 09:51:31 AM

As we all know the BTC narrative is that it is protection against inflationary FIAT currencies worldwide. Granted since it's inception inflation has not been spiraling out of control but it sure is now!

It is puzzling to me that the bulls are not stepping in scooping up more BTC at this price. Is it because no one wants to go first? I would have thought there would be some coordination between a few of them it will start the mother of all bull cycles but it seems no one is prepared to get the ball rolling.

Maybe yes, i was just reading a post today some time back which stated that how market fell after the recent inflation report from Fed. But it's equally ironic to think that people might use bitcoin as a hedge against inflation. Why would you want to risk 30-40% of your capital just to beat 7-8% of inflation each year? Doesn't makes any sense at all to me atleast, if someone wants to actually invest in bitcoin only then he will bring his money in not to beat 6-7% inflation.

Topic: Will Bulls Decide BTC is an Inflation Hedge & Charge? (Read 307 times)