You are viewing a single comment's thread from:

RE: Don't buy crypto until central banks stop raising interest rates.

in Project HOPE3 years ago

Dear @fijimermaid

Im not sure if I agree with your statement. Those who would wait until FED will stop raising rates may as well greatly miss the opportunity to accumulate crypto (While it's at such a low levels).

Also you've mentioned "central banks". Which is plural. Which means, that you don't only count FED but other major central banks as well.

Hoping that FED, ECB, Bank of Japan, Bank of England and Chinese central banks (all major ones) would stop raising interest rates at the same time may never happen.

So again: chance of "missing the train" if we wait that long is SUPER HIGH.


Also it's important to point out, that what we witness is hardly "tightening credit market". On one side you have central banks still bringing up interest rates and trying to remove some liquidity from the market. On the other hand - you have goverments still throwing money into different programs.

On top of that: speed of interest rates being increased is an absolute joke. With amount of currencies pumped into the market within pandemic period - it would take FORVER to remove even half of that additional liquidity from the market.

At some point markets will start to ignore whatever FED is doing. They have their "5 minutes" now. And everything will change once once this will happen. And it's just a matter of time. FED is a boogyman pretending to fight with inflation (while knowing that it is a lost battle).

Have a great weekend buddy,
Yours, Piotr

Sort:  
Loading...