Reducing interest to zero ... and bitcoin pump

[Loly 0]

The Fed is cutting the interest rate to zero in a historic step designed to ease the economic blow to the Corona epidemic.

And expect a temporary rise only, until signs appear to eliminate the virus and there will be positive results in the world

But currently the decision will not bring benefits, and it will not be able to change the current direction of the markets, but rather only help to bounce and temporarily bounce back as the current event is stronger than raising and lowering interest.

Edited March 15, 2020 by Loly

[SuperCrypto 7193]

Yes, he undertook a set of radical measures to enhance confidence and preserve the financial sector, reducing the main interest rates to almost zero, against the backdrop of the consequences of the outbreak of the Coruna virus.
The move aims to support the US economy in the face of the outbreak of the new Corona virus.

[gkapoxm 84]

The pump of bitcoin is not happening yet before the people can rebuy their assets to profit in the long term.

[Ashikhasan87 12]

Allow us to react to current Bitcoin costs. This is interesting news, but I think the world will be different from one country to another, but the whole world cannot reduce interest rates at the same time.

[SuperCrypto 7193]

Pampas were just a fake rise, as most cryptocurrency experts had expected only because of the spread of news to support all economic markets, but the market will not really rise until the crisis is completely over.

[SuperCrypto 7193]

These measures will have a "significant impact on economic activity in the near term, and will restrict economic activity in foreign economies," the Federal Reserve Chairman said at a press conference.
 

[tienda 8776]

I think and I m sure after this global crisis caused by corona virus, Bitcoin will rise again and the halving coming soon, so right now all countries are in chock or paused their economy because this pandemic event.

[George10 9932]

This news I think  only helps to stabilize the prices of crypto from further loss and we are expecting to see the rise of BTC price and other altcoins fter halving or when covid19 is dealt with.

[SuperCrypto 7193]

I have no information if such news affects bitcoin as it affects other financial assets, but I believe that this news may have contributed to a temporary rise in bitcoin and not more than that.

[PiroSense 2681]

On 3/16/2020 at 6:00 AM, Loly said:

And expect a temporary rise only, until signs appear to eliminate the virus and there will be positive results in the world

It might even crash back down, once the virus sparks in the US region (that is hesitant to impose a lockdown), and other third-world countries that might have higher infection rate than what China could have done.

[iloveyobit 6599]

This decision has never affected the financial markets, and Bitcoin did not rise because of the virus, but rather that the decrease that occurred was never expected or justified for that price will rise sooner or later.

[bliznec 22267]

This pump expects to wait, and thus, if Bitcoin declines to zero, many investors will take profits. It is expected that Bitcoin will drop to zero. 

[Gudameku 26]

soon bitcoin value will rise as any news affect cryptocurrency negatively or positively but after some period of time bitcoin value will go up and different other alter coin will also rise in value but the issue of reducing interest its bot such a big factor to bitcoin to regain higher value

[Ali_hmwi 966]

Until now the issue of Cornona is really hard to know what is going on all countries are stopping there daily work and that will affect the trading and the economic of alot of countries all over the world.

[SuperCrypto 7193]

Some news makes a sudden rise in the prices of cryptocurrencies, especially for Bitcoin, but when the enthusiasm with this news is gone, the situation will return as before, and the gradual rise and correction will only be dominant.

[BTC Future 3946]

On 3/16/2020 at 12:00 AM, Loly said:

The Fed is cutting the interest rate to zero in a historic step designed to ease the economic blow to the Corona epidemic.

And expect a temporary rise only, until signs appear to eliminate the virus and there will be positive results in the world

But currently the decision will not bring benefits, and it will not be able to change the current direction of the markets, but rather only help to bounce and temporarily bounce back as the current event is stronger than raising and lowering interest.

They've cut the rates to 0, and governements are creating huge debt gaps for Q1 and possibly Q2 by printing trillions and trillions of dollars. The whole economic model is being reduced to dust.

Meanwhile in 2009 all of the failed banks transfered all the blame to small Greece, imporverised the Greek population and reduced the population by 2 million people as a result. All these for 20Billion euro which was the excess of the 2008 budget of this country. 

[Jessica Karren 1242]

It's a good step to ease the economic blow due to Corona. We all accepted the temporary rise with big heart. I hope market will rise again after this Corona virus eleminated completely.

[Opinder 1310]

Federal reserve is doing every effort to save US economy. But still wallstreet is falling drastically because people are panic. Not only fed eliminating interest, it is also printing new us dollars and sending to people's accounts to protect its economy from big crisis. But I think these steps are not good for us economy for long term. And I do not think this interest rate reduction has any impact on bitcoin.

Edited March 25, 2020 by Opinder
Incomplete

[Whited35 15285]

I think market for the cryptocurrency will also get recovered once after this world be able to fight against the Corona Virus. COVID-19 has created the affects to the cryptocurrency market too and we are noticing the extreme price fall of cryptocurrency. 

[BitcryptoHan 2557]

On 3/25/2020 at 3:03 PM, xassfarabi52 said:

The reason for crying is because crypto was so low, that is why Gandhidham is so low that many people think that they will go on for a lifetime, but it has come down because of lack of transactions.

It is not new for cryptocurrencies price to go high or low. It will be high again and one day reach another all time high and reduce again. 

[Adrian Adkins 11]

The Fed reduces the hobby rate to zero which will alleviate the effect of the Corona epidemic on the world economy. This step will incredibly loosen up the arena economic system. The economic system of the international locations will breathe. For now, this circulate will no longer benefit and alternate the path of the markets.

[magd 5231]

We will wait, there will be no problem as long as this behavior of the Federal Bank is humane and to get rid of the epidemic we have to trust our work and our currencies and we will finally win the epidemic and the price of the cryptocurrencies rises to the required price

[bentayebsalah 2280]

The Corona virus is the cause of a major crisis at all levels. Such decisions must be made in order to protect everyone. As a public interest, the benefits should be reduced to 0% in order to eliminate the Corona virus.

[Zues 1069]

After the corona outbreak the business will rise suddenly we must take that oppurtunity and grab it. We must build again after the pandemic and to invest again and continuously. The cryptocurrencies will pumped up after reducing the interest to zero. 

[Rezort 846]

4 hours ago, Atif71 said:

Corona virus create very negative impact on whole world financial system interest rate is decreased it is almost zero in different countries this is helpful to Bitcoin price Bitcoin price is gradually increased after downfall and its increased more in coming days

Well, right now I see only positive attention to bitcoin because everybody are staying at home caused by corona virus, so people are looking for new spheres and cryptocurrency is one of them.