Bitcoin Price Thread

We're going up boys.

How do I know this? Well it seems the DXY has reached a ceiling, I'll be seeing you guys on the moon! However I wouldn't mind another fakeout before we go up, I need to buy more before it rallies.
 
Unlikely DXY has peaked. After every CPI report, the sell-side pumpers on bubblevision claim it is the top inflation only to have there forecasts blow up in their face.

I have to believe a 20% move in ETH is just another bear market rally.
 
nitrene said:
Unlikely DXY has peaked. After every CPI report, the sell-side pumpers on bubblevision claim it is the top inflation only to have there forecasts blow up in their face.

I have to believe a 20% move in ETH is just another bear market rally.
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You must not have seen the chart then. 75% chance of ceiling.
 
The real problem is that the BOJ and ECB refuse to acknowledge there is inflation and so they pretend they don't have to raise interest rates. The Yen & Euro are doomed currencies because of this reason.

The Aussies & Canadians have raised their rates and their currency is still falling against the USD -- of course that is largely due to the drop in Copper & Crude.
 
nitrene said:
The real problem is that the BOJ and ECB refuse to acknowledge there is inflation and so they pretend they don't have to raise interest rates. The Yen & Euro are doomed currencies because of this reason.

The Aussies & Canadians have raised their rates and their currency is still falling against the USD -- of course that is largely due to the drop in Copper & Crude.
More...

I don't agree.
The real problem is that almost all countries have a huge public debt. Raising intrest rates will increase their intrest payment very hard. The past few years they had the opportunity to profit from low intrest rates to lower their debt, but most of them did not.
Governments have more or less the same logic as traders with a big losing open position:
  • The traders say they have no loss ad long as the position is not closed.
  • The governments do the same: they say in periods of low intrest rates, that public debt is not a problem.
 
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