Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
Officially 0.75% guys.
https://www.usatoday.com/story/money/2022/11/02/fed-interest-rate-hike-live-updates/10561495002/
Some here were saying that 0.50% would be a reason to pump, and maybe if the Fed believes that everyone plans to pump on 0.50%, then it has permission to go 0.75% - since it is trying to stop the pump - and without causing the whole house of cards to come falling down.
So perhaps the pump (if any) will be more whimpy based on a higher than expected rates hike - not that King Daddy should give too many shits about that kind of information anyhow, even though we know that having some "announcement" or other "uncertainty" hanging out there does seem to have tendencies to damper any meaningful abilities for price movements (in either direction) until the uncertainty (announcement) has been resolved.
By the way, when I looked over at my bitcoin ticker (it was on bitcoinwisdom.com), and I saw that the BTC price had dipped down from $20,400-ish to $20,210 and then back up to $20,740-ish within a matter of one or two minutes, and then I looked at the clock - and yeah of course, such price movement took place immediately at the time of the 14:00 Eastern time "announcement." Go figure.
https://www.usatoday.com/story/money/2022/11/02/fed-interest-rate-hike-live-updates/10561495002/
Some here were saying that 0.50% would be a reason to pump, and maybe if the Fed believes that everyone plans to pump on 0.50%, then it has permission to go 0.75% - since it is trying to stop the pump - and without causing the whole house of cards to come falling down.
So perhaps the pump (if any) will be more whimpy based on a higher than expected rates hike - not that King Daddy should give too many shits about that kind of information anyhow, even though we know that having some "announcement" or other "uncertainty" hanging out there does seem to have tendencies to damper any meaningful abilities for price movements (in either direction) until the uncertainty (announcement) has been resolved.
By the way, when I looked over at my bitcoin ticker (it was on bitcoinwisdom.com), and I saw that the BTC price had dipped down from $20,400-ish to $20,210 and then back up to $20,740-ish within a matter of one or two minutes, and then I looked at the clock - and yeah of course, such price movement took place immediately at the time of the 14:00 Eastern time "announcement." Go figure.
