Let’s discuss what happened today with Bitcoin and Crypto after the FOMC meeting and what Fed Chair Powell said.
source
WHAT HAPPENED WITH BITCOIN AND MARKETS TODAY
Let’s discuss what happened today with Bitcoin and Crypto after the FOMC meeting and what Fed Chair Powell said.
source
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Lol, markets are up as though the macro issues are all sorted. Next drop coming to a platform near you.
The feds are not stupid. Rate hikes will not solve the inflation we are experiencing because it’s a supply chain issue due to covid and the masses not wanting to go back to work, living on government covid subsidies. Too many commoners have gotten rich off stocks and cryptos by gambling their subsidies. The feds real goal is to take the money back so we will all go back to work for the rich.
The crypto market has also been saturated by worthless ICOs, literally scams. It’s healthy for crypto industry in general that the crash happened, and exposed these scam coins.
The rise is called a "Dead Cat Bounce" Crash imminent.
PEOPLE. CASH OUT OF COINBASE NOW! I JUST GOT INFO THAT THEY DONT HAVE ENOUGH USD TO HONOR ALL THE BTC SALES.
Last time we saw a rally after rates went up, then crash 24 hours later. Same thing today?
Looks just like Scotland tbh
Cardano and Mana up 12% suddenly
Pump is due to dealers unwinding hedge positions they had just in case of an unexpectedly high (E.g 100 bps) hike. Probably some relief and then further down side in in H2 through earnings. I am still stacking though as never know where the bottom will be. Do think we will see below 20k though.
SUP George!? I'm stacking!!!! Still getting passive income too! Take care and be happy!
I saw posting where the market anticipated it would be 0.75 so it was already factored in,
Portland Oregon? Welcome!!
I love how George think he knows why every pump and dump is happening
No, it's back down again. As I keep saying, it goes up then down then up then down then up then down
I'm still trying to understand crypto. Can anyone with some wealth invent a new currency and give it an arbitrary value, set up block chains and declare a limited amount of coinage then market it so people start competing for it? Value is notional in the sense that as long as people put value in it, and accept it as an instrument to trade for capital assets – like paper money issued by the government – then all is well? What happens if we end up with thousands of different crypto currencies? How is it not like Tulip Mania? There's no underlying assets supporting any of it.
Hey George, George here. I really appreciate it that you're putting out videos even while beeing super busy and traveling!
Biden's Depression.
It's not surprising, what is he talking about and it is a fakeout..
When BTC goes below 20k I’m going all in.
Why is George impressed about a move that couldn't even break the 20ema on the 4hr chart?
Transittory Powell did. not do much, Printed money is still in the system.
I love the different video clip cover
They will run in to a brick wall again. Government and the fed keep getting it wrong historically. Rate hikes without production = economic destruction. At least we were pumping oil in 1994. Bidenomics is double trouble and they will eventually reverse course.
Dead cat bounce…unfortunately all these conditions indicate that BTC will go down… And my BTC will be liquidated at a stupid loan that I have on Celsius, a newbie mistake from last year…
Mate never, never NEVER show your location! Some local who knows about crypto may reckon to knock on your door or wait until you go out for a walk and decide they can get millions off you on your phone!
Portland looks like Norway
This is a set up to make Joe Biden look good at the end of the year, just my thought.
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The house of cards is falling. Nothing to do with interest rates just like Biden find someone to blame and act cool.
Blacksheep is a hegde against BTC
These charts are irrelevant. Crypto has never been through a recession.
Checkkk outtt blackk sheeeppp thee answerrr offf markettt crashhh
How is it that everything goes from red to green? I picture Jamie Dimon on the keyboard
Black shheepp armyyy iss hereeee checkkk outttt bessttt projecttttt
Greetings how can i recover my losses and make money with this crypto currency ?
This administration could solve energy prices in just a few weeks. Smh
Suckers rally! The markets will dump! It’s never their main objective because we’re already in recession. Duhhh!
It was a bull trap. It's dumping again as I'm writing this.
3.25-3.75% is actually the "HISTORICAL" average FED interest rate that persisted for most of the last half century, before the 2009 housing and commercial real estate bubbles pooped out a huge smelly turd; the FEDS should NEVER HAVE left interest rates at or near zero for almost a decade — policy which has created a whole BUNCH of bubbles.
Getting PRIME back to mid 3%'s should have happened years ago, and yes, this is in large part why so much of our economy has consolidated under many giant multinationals with access to interest free money and unlimited liquidity.
I was reading the idea of the rally was because the market was happy that the Feds were trying to control inflation
it is good to seperate this things.
WARNING…. Cryptocurrency can go up as well as down 🙂
holding strong if you bought 10 years ago
Dead cat bounce