Quote from: Iranus on Today at 02:50:50 AM

Quote from: suzanne5223 on June 30, 2023, 11:07:34 PM

Quote from: Iranus on June 30, 2023, 03:21:32 AM

Quote from: suzanne5223 on June 29, 2023, 09:37:56 PM

It's hard to tell if the economic depression will affect Bitcoin price since there are a lot of things that determine the BTC market's new trend we already know bad news is one but judging by the previous occasion that happened during the total lockdown we see that investors often seek alternative assets as a store of value or a hedge against economic depression and most of them find there alternative in BTC. Therefore, there's a huge possibility that economic depression may not affect BTC.

If recession, the economic crisis does not affect bitcoin. Can you explain to me what happened in 2022 and this year? When inflation is high, all industries are affected, and bitcoin is also severely dumped in 2022. Not to mention, every time the Fed announces a rate hike, bitcoin continues to be dumped, or negative news about war also causes the market to panic...All this is not telling you that if the economy is unhealthy, every asset and industry will suffer, and bitcoin is no exception.

Remember I said a lot of things impact the price of the Bitcoin market and cause the dump in the price of last year was many but the most crucial part is the normal market correction that always occurs before the block halving market effect and the FTX collapse.
This year dum was influenced by Bitcoin Ordinals/BRC-20 and the US SEC lawsuit on top exchange but bullish trend happened when giant investment companies show their interest in BTC publicly.

I know you are referring to the 4-year market cycle after bitcoin makes a new ATH in 2021. But if you take a closer look at the volatility of bitcoin last year, bitcoin reacted as strongly as other markets when news of the war between Ukraine and Russia broke out. Moreover, every time the Fed announces inflation as well as interest rate hikes, bitcoin will fluctuate and be dumped. That is not enough to demonstrate the impact of the economy on the market?

The value of any asset depends on the supply and demand of people, and people are also a part of the world economy. Bitcoin would be nothing to say that it is not part of the world economy.

Yes, the Fed inflation and hike in interest rates somehow impact the price of the Bitcoin market but the dump is always slightly dump in price.
I think getting wrong because I never said Bitcoin is not part of the world economy and what I am saying is that people always find an alternative in Bitcoin whenever there's a world economic depression.