/biz/ - Business & Finance

>>26142574
And reminder who is the player in this new cycle. Hint: You gave up your coins to them, hence why, this is playing out.

>>26142625
never selling

>>26142574
Good thing i paid off my debts when it was at atl. Banks btfo heh heh

>>26142574
yup, these are charts whales use. not cmc

Any reason it’s pumping though, with all the trillions in stimulus coming?

>>26142734
Commodity prices skyrocketing and growing political and geo political instability prompting an increase in demand to hold money and forced savings

>>26142574
Biden's about to print 1.9 trillion dollars. Be patient this gonna be a good year. The inflation rate is expected to be 2.4 this year.

>>26142574
also look at USD long term. It's been on a down trend for a minute now

So where and when do I put $10k in ETH/XLM/LINK/BTC ?

>>26142574
Downtrend doesn't look broken to me. May be coming, but not really a reason to panic just yet. A small bounce off support is expected even in a down trend.

>>26142574
You are fucking retarded DXY indicates strength of dollar against other fiat currencies, not BTC.

Exquisite new fud op, but I’m still not selling you nigger.

For BTC to go up, you are betting against Wall Street. Notice the hard support level in the 90.5 area

>>26143056
Yes because the dollar is the only thing affecting btc price. Not say the halving cycle and lowered mining emission.

We aren’t selling so fuck of.

>>26142734
Americans are too good at business. Look at the my pillow guy, he's a billionaire now. People can't stop buying American shit.

>>26142804
The big ones, Goldman sachs, JPM etc are not predicting the full 1.9 trillion to be passed. More likely to be just one 1T or sth, still huge - but expections are currently lower.

>>26143056
USD can rise in price against other fiat currencies as much as it wants. Doesn't change the fact that all fiat currencies are becoming worthless as a whole.

>>26142574
You fucking niggers. Good thing, I stopped listening to all of you and started making actual money. This board is fucking retarded. Just buy something you useful fucking idiot. No one cares, just fucking buy, anything, stocks, crypto, metals, apartment, car a new chair. Fucking buy you disgusting nigger

Fuck you cunts are retarded. The Dixie is pegged against a basket of foreign currencies. When the rest of the world are also economic basket cases with the money printer on brrrrrrr this means Dixie can appreciate but at the same time the USD lose purchasing power and value as a store of wealth. The smart money knows this and couple it with low interest rates no one is holding cash, they are embracing debt to pump into asset classes.

>>26142734
Debt based stimulus is ultimately deflationary, ironically

>>26143332
The market priced in inflation last year.

https://www.fxstreet.com/analysis/the-chart-of-the-week-eur-usd-enters-the-bears-lair-202101172016
https://www.fxempire.com/forecasts/article/gbp-usd-daily-forecast-british-pound-is-losing-ground-at-the-start-of-the-week-694745

It's written on the wall. You'll see when Grayscale starts dumping.

>>26143466
Did you even read my post? Every country is doing brrrr you can't price in that on fiat pairs.

>>26143448
This.

>>26143448
USD isn't pegged to anything. Foreign currencies peg to the dollar, which is holding up pretty wall at zero interest rates. There is in fact a massive dollar shortage - ask China.

USD will always be king due to America's military power.

>>26143466
You're retarded. DXY doesn't measure USD purchasing power

>>26143520
You can - some are printing more than others

>>26142734
No real reason, it’s propped up artificially

>BTC goes up
>hold and buy more
>BTC goes down
>hold and buy more
I fail to see the problem here.

>>26143844
Checked and based. This is the way.

>>26143650
I actually don’t disagree to be honest but this is where arguments get conflated between the extremists on both sides. >The USD can still remain the global benchmark fiat currency
>it’s purchasing power can be greatly diminished due increased supplies and low interest rates
>btc can still moon as globally people look for a store of wealth that’s limited and scarce to hedge against fiat inflation
They are even complimentary positions as btc is basically pegged against the USD now so for the rest of the world allows gives a usd hedge. I’m open to fiat being completely destroyed but there is at least a middle ground argument.

90.8

>>26142574
it's not the usd pumping it's the dxy going stronger due to the euro going to the shitter due to more lockdowns and ecb qe.

They are all going down.

>>26142734
dxy represents dollar strength , not inflation , usually dxy going up = bad for btc , dxy going down = good for btc , dxy stable = neutral for btc

Bitcoin is reacting to dxy going down since april, but not that much to dxy going up because it's going up due to the euro going to shit due to lockdows for the most part.

>>26143056
Zoom out

https://www.macrotrends.net/1329/us-dollar-index-historical-chart

https://www.tradingview.com/chart/DXY/NQ1M4L56-US-Dollar-Index-Long-Term-Cyclical-Forecast-Possibility/

>>26144202
There is not going to be a BTC flash crash. You'll only notice the highs getting lower, weekly -20% selloffs, with lower recoveries. BTC will keep sinking lower, below whatever support level you imagined. Every new week the paradigm foe suppirt will shift, but downward. Bears will get cockier and bulls will refuse to take profits and another generation of bagholders will be born until BTC bails them out a few years down the line.

>>26144298
Forget about it dxy is being destroyed for some reason by democrats , they want to inflate it massively , canada inflation will also affect the usa.

We will see absurdly asset prices and cryptocurrency prices.

Yes I'm sure Biden's almost 2 trillion stimulus plan will provide a healthy monthly uptrend OP. They are just pumping the dollar a bit with interest rate raise news do dump it with the new Biden token unlock

Fuck off retard you literally had 12 years

>>26143617
Thats where the eXchange Rate Peg will come in!

>>26143650
>implying most high tech murrica army stuff isn't going to be worthless when chinks control all of 5G

Good thing I hold some USDC

>>26142574
>He doesn't hedge his risks by selling EUR/USD on FOREX

>>26142625
>And reminder who is the player in this new cycle. Hint: You gave up your coins to them, hence why, this is playing out.
please elaborate.

>>26142897
If we'll see a rise to 92.50 or slightly above then things will get real interesting.
If it stabilizes for a while it could indicate that a new strong support or even a bottom was found and that the USD might go higher again. If that is to occur the dip below 92.50 which we are in right now could have been a massive "look below and fail"
There are actual chances that the USD has bottomed out here.
Also COVID is ending as soon as Biden is in the White House. It will be a (((miracle)))

>>26142574
>>26142804
>>26143466
>>26144433
Inflation, as in consumer and commodity price rises will not matter anymore in the future. It's a new paradigm.
Sure, people will suffer from a rising cost of living and ever increasing asset prices for housing, but it won't matter for the commercial world anymore as everything will be paid with the issuance of new debt. Inflation, wages, all kinds of expanses will be paid with new debt.
Profits and cash will be the new losses.

>>26142574
BROS THE USD WONT PUMP UNTIL 2023, at least, Don't fool yourself. 3T is going to be printed in 2021, and probably at least 1.5 in 2022.

The dollar is not "pumping" in this decade

>>26145652
>Don't fool yourself. 3T is going to be printed in 2021, and probably at least 1.5 in 2022.
You say that if the FED (USA) are the only ones doing this.
All other central banks worldwide will increase their printing from here on out as well.
It's a centrally controlled effort.
Always remember
>central banks have never not printed

Usd is the biggest scam
Money machine go brrrrr

>>26145419
Name?

>>26145618
Long USD, short BTC. simple

>>26142574
>The USD is pumping
why?

>>26142625
>And reminder who is the player in this new cycle
expand on this please

>>26145419
based femsergeyposter

>>26142801
>Commodity prices skyrocketing
this is because of inflation

>>26144230
>euro going to shit due to lockdows for the most part
USA also had lockdowns

>>26142574
Zoom out cuck, Biden’s taking the office, lots of bullshit spending to fund these tranny programs, it’ll hit 80 during his term ends, it may even dip below these trends play out very slowly

>>26145722
>It's a centrally controlled effort.
you are mistaken if you think the rest of the world needs to print as much as the US, even the EU will print relatively less. China will fucking dominate.

OP was right, the DYX is hitting 90.90 as we speak

>>26147117
Up 0.17% for the day After a 12% move down, kek what is a reaction rally off a major support zone, wait till it Gets slapped down at 92, 92.5 when Biden takes office and announces all his plans for blm. Btc May get hit down to 27-30k in the short term but who cares, I’ll buy more . One you can print an unlimited amount of and one is a fixed supply, don’t be fooled

>>26146930
I don't think that anyone can give you an accurate answer to "Why?".
It always fluctuates.
Try to make reason and find answers to why exactly from a long term chart of the USD.

Now try to find an answer and a reason as to why the USD survived 2008 and 2011 and why it is supposedly dying now?

>>26147390
For example: looking at the chart long term one might see a huge support zone between 90 and 100 points and if it holds this could be a foundation to a rise to new ATH.
Again, find a reason WHY?
No one probably will.

>>26142574
>When it goes up
It never goes up

Just a technical bounce, little crabing, and back down. This is basically what happens all the time anyway.
I'll trust the pump of the USD when the US go to war with China/Russia, then yeah, otherwise, price action will look like that

>>26147390
>>26147390
It’s not dying it ebs and flows like any market, it was in the 70s a decade ago and can go back easily. Just cause the dollars weaker doesn’t mean the us is dead it actually has its benefits. Several times it’s found support at 90, then ultimately dumped through it over the years following.
It’s slow to play out , reaction rallies happen but it’s in a major downtrend still

>>26142974
DXY indicates dollar strength but BTC as a cash vehicle has established itself to be against the dollar when hedging for inflation.

>>26147447
We wont get a hot war with China, not with nukes. We're in a cold war with them: a currency war, trade war, tech war, espionage, tech theft, civil disturbance

>>26142574
and yet biden is going to print 1.9 trillion dollars.... there is only 1.2 trillion dollars in circulation.... this slight bump up is nothing but a tiny correction on the way down. what do you think happens when he prints 1.9 trillion dollars? what do you think happens when he starts hemorrhaging us money to become the worlds charity? what happens when he makes free healthcare too?

Read today's articles. /Our kike/ is pumping the dollar. Gold is already falling.

>>26148444
>Gold is already falling.

Dollar index is simply the dollar vs other fiat. Go look at the dollar vs gold, stocks, houses, btc. Then you will see how worthless the dollar is due to all the printing.

>>26144298
Cope

>>26142574
Fucking Jews man