Quote from: eddie13 on September 13, 2022, 07:54:49 PM

Important report comes out that inflation is pretty bad (USD)..

Bitcoin dumps off a cliff..

It wasn't just that. In addition, the US stock market, which was in positive territory, fell and the S&P 500 closed at -4%, and the €/$ pair, in which the € was recovering, turned completely upside down as well, because investors expect that the US monetary policy is going to tighten even more in the face of this.

Quote from: eddie13 on September 13, 2022, 07:54:49 PM

This is the exact opposite of what Bitcoin is supposed to do..

Bitcoin is not supposed to protect or fail to protect from inflation in the short term, in a few hours like yesterday. In short periods of time it gets carried away like the rest of the market, what we will have to see when this period of inflation passes is whether it has protected itself well from inflation.

Quote from: LoyceMobile on September 13, 2022, 09:25:17 PM

Markets are completely dependent on BRRR nowadays. It can only normalize when the economy makes sense again. You know, old fashioned things like positive interest and higher savings interest than inflation.

I may be wrong but I believe that higher interests than inflation will not be seen. They will raise whatever they are forced to raise but they will remain below inflation and with the desire to lower rates at the minimum that they can lower them again. Economies are too dependent on liquidity and they are already starting to have a cold turkey.

Even if the Bitcoin is supposed to protect against inflation, what is clear is that in this period there is less money available and less money circulating, therefore, it is logical that there is not as much money entering the Bitcoin market.