Quote from: bitgolden on Today at 04:42:41 PM

With rates not being cut, it was expected for it to have a drop, but it is true that eventually it will be cut and the money that goes into bitcoin will increase. We have to remember, when the rates are cut, that means keeping your money in would not be worth it because of low returns, so many people will take their money out of interest and put it into bitcoin.

The hope was that it would happen now so that we could have it during the bull period, but we would have to wait some more. When is the next time they may do this? I do not have the dates for it, but I am sure that it is going to be a great period to be in, and shouldn't really worry about it too much. If we can make this work, then we are going to end up with lower rates, and higher bitcoin.

Well I think this is more of sort of a manipulation then anything that has to do with the interest rates. Even the fed chairman hinted that there is a need to cut the interest rate in the next FOMC meeting and the price of Bitcoin pumped on the day of his speech but after that it has been a continuous dump. I think this is to take out weak hands and them we may see another all time high in September.