The Fed just told companies to stop hiring to help curb inflation. Obviously their “quantitative easing” isnt strong enough to slow inflation. How do we think this will impact crypto? Is investing now a good idea or will the crypto market trend downward more as the economy crumbles?

The Fed just told companies to stop hiring to help curb inflation. Obviously their “quantitative easing” isnt strong enough to slow inflation. How do we think this will impact crypto? Is investing now a good idea or will the crypto market trend downward more as the economy crumbles?

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9 thoughts on “The Fed just told companies to stop hiring to help curb inflation. Obviously their “quantitative easing” isnt strong enough to slow inflation. How do we think this will impact crypto? Is investing now a good idea or will the crypto market trend downward more as the economy crumbles?”

  1. That whole title answers itself, but people are gonna do what they do. Depends on your circumstances also, has to be said.

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  2. tldr; US inflation rose more slowly in April compared to March’s 8.5%, according to the Consumer Price Index (CPI) report released on Wednesday. The report was expected to have shown a March peak, but there wasn’t much good news. “Substantial declines in the annual rate of inflation are unlikely to materialize until there are significant improvements in geopolitical tensions, supply chain strains and labour market shortages,” ING’s James Knightley said.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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  3. dam interesting article i didn’t know this. Although its called “quantitative tightening” when they’re trying to stop inflation.

    In my opinion though I guess the fed is trying to pull all kinds of different levers to curve inflation. Interesting take, though by calling for this kind of measure leads me to believe that the situation is more fucked up than it appears. Economy is Hot as fuck and if we let it go like this freely it can take longer to for the economy to return to “normal” thus more people joining the poor bracket

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  4. Don’t invest just yet. Especially don’t buy alts at the moment- wait for the BTC dominance to rise- there will probably be bargains galore. Preop think these are good prices. Guys from 2018 know alts can quite easily drop by a further 90% from here. Not saying that going to happen but it could. 75% from here is quite likely imo. Nfadyor etc.

    Here is a post I wrote recently in answer to that

    Some things I wish I had known in 2018…

    I’ve seen a few post lately asking is it a good time to buy?

    That got me thinking about things I wish I’d known all along. I’ve done well out of my second bull run but if I’d known more at the start I would have made a killing.

    So some learning points:

    Learn about BTC cycles, halving, BTC bull and bear cycles.

    Also learn about BTC moving averages for example the 200 week moving average, rainbow chart and regression bands.

    If you are into alts, understand that alts are priced in BTC and move with BTC. It’s also crucial to understand BTC dominance. That increases with big btc moves either up or down. This means that when BTC tanks, alts tank much harder. It doesn’t matter how good your favourite project is, in a bear market it’s probably going to do much worse than BTC (In alt season at the end of a bull run the opposite happens.) The Alt collapse has not happened yet this bear. Maybe it won’t, but it’s probably just around the corner.

    Whale manipulation is probably greatly overstated as a factor in downtrends. We aren’t just waiting for the whales to finish accumulating so they can let the prices up again (how is that even possible or make sense? It isn’t and it doesn’t.) whale manipulation might be overlayed on top of the cycles a little, but the behaviour of people new to the market probably contributes much more significantly to cycles.

    A couple of other things to understand (this is a tough one and also controversial here but it shouldn’t be)- it doesn’t matter what you bought your portfolio for. That is totally irrelevant to what it’s worth now. That is good to keep in mind if you are at a loss and the sensible move is to sell (I know we aren’t allowed to say that here- check the comments below arguing about that one. I can preempt most of them- “never sell at a loss that’s terrible advice.” There, said it, we can move on to actually thinking now…)

    It’s also good to keep in mind in a bull market where the value of your portfolio can get large enough to be “money you can’t afford to lose” even if you strictly can afford it as after all, it’s surplus.

    Another way of looking at that- holding onto your portfolio is the same as deciding to buy into the market on the day with x$ value to buy tokens at price X. How your current wealth is deployed and whether that distribution is a sensible decision for that point in time is all that matters. Whether your wealth was greater or smaller 6 months ago and how it was distributed back then are completely irrelevant to the decision of what is the right thing to do at the moment.

    Just one other observation. We keep hearing it’s different this time. This time it really might be. A BTC cycle end has previously always just been an intrinsic function of BTC. This is the first time a cycle end has coincided with a significant general macro downturn.

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