Topic: Bitcoin and international conflict - page 2. (Read 605 times)
The dilemma of bitcoin short and long term investment is never gonna clear through our minds. Frankly speaking for us bitcoin is still primitive. It’s not because we don’t trust it or something, but it’s all because of the way bitcoin behaves and secondly the way Government/bank institutes are behaving about it. Mind it, it’s tough to stay steady about it because for every person the decision of their government matters a lot though bitcoin is world wide public asset. Just take an example of Canadian protestors and how their bank accounts were ceased. We are helpless in that case. So short and long, things are messy all the time.
in times of war people think about having security and food, they don't think about making short term investments let alone the long term and the destruction of things and sanctions makes more people panic and start selling things and moving to other places all this causes the price of things to rise a lot and a situation of total chaos, so it is normal for the price of bitcoin to drop, people are fighting for life, and in this process there is little room for risky investments because they need money with them right away
Cant find the thread that also ask the same thing like why BTC goes up when Russians invaded Ukraine which is exactly what OP expected too. Not sure what causes it either but feels good to see price rises.
I think its very timely because the market also bottomed according to some market analyst. And Ukrainians buy BTC bringing entire saving when crossing borders and Russias suspects Putin will seize their money to fund his invasion so they buy BTC. These are just what Ive read though.
I think its very timely because the market also bottomed according to some market analyst. And Ukrainians buy BTC bringing entire saving when crossing borders and Russias suspects Putin will seize their money to fund his invasion so they buy BTC. These are just what Ive read though.
Actually I am also expecting for another market crash of bitcoin due to this war between Russia and Ukraine but yeah it's quite surprising to see the market price pumped up even in the midst of the war. Now I know why there have some price changes takes place this past few days and that's because of other Ukrainians citizens buying bitcoin. Well, as some point yes it's quite good to see the market of bitcoin is doing great despite of the crisis. I know that crypto is not affected by political issues but this war that was intensely happening are very concerning.
Cant find the thread that also ask the same thing like why BTC goes up when Russians invaded Ukraine which is exactly what OP expected too. Not sure what causes it either but feels good to see price rises.
I think its very timely because the market also bottomed according to some market analyst. And Ukrainians buy BTC bringing entire saving when crossing borders and Russias suspects Putin will seize their money to fund his invasion so they buy BTC. These are just what Ive read though.
I think its very timely because the market also bottomed according to some market analyst. And Ukrainians buy BTC bringing entire saving when crossing borders and Russias suspects Putin will seize their money to fund his invasion so they buy BTC. These are just what Ive read though.
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Why is bitcoin losing value at a time of conflict? Isn't it intended to do the opposite?
everyone will usually be in a panic situation and immediately release their savings which causes the market to go down.
but this will not have a long impact will return to normal again.
Another one is the Ukraine airdrop crypto fund if such crypto is sold at once it will impact the market although the market is already on the verge of market correction.
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Why is bitcoin losing value at a time of conflict? Isn't it intended to do the opposite?
everyone will usually be in a panic situation and immediately release their savings which causes the market to go down.
but this will not have a long impact will return to normal again.
It can be true that we got affected in times like this but I think we are not that much and the market doesn't just receive the consequences alone, it in fact affect the entire economic system. I'm not going to say Bitcoin becomes helpless at this moment over fiat but instead, I was seeing it going to move on than these fiat banks shutdown. The reality is that, people from Ukraine went to make online purchases if possible where they can make use of their Bitcoin or other digital currencies. And to believe that even the crisis happens, we can't see the price of Bitcoin drops badly and I think it was because the demand is still high and people are taking advantage to spend it while going outside and the use of fiat is likely impossible.
Bitcoin can solve your financial problems to some extent but it could not solve world problems like this war.The most who suffer during this wartime is the soldiers and the common citizens as they are first Target and got their lives disturbed and frankly saying btc can't help at this time to them.You need to convert it to fiat to buy some stuff but what if banks are not operational? The global peace is solution for this war and it needs to be stopped thinking how many people would lost their lives in this. 
Never ever to see that this was a helping tool to solve and stop conflicts, not even to help poverty but this just an alternative currency. The most possible way it helps during this war in the people from Ukraine and even from Russia is to make use of their Bitcoin to purchase online and they don't need to go outside but instead, they will stay at home waiting. Well, some people from Ukraine asking for some donations and the good thing about Bitcoin is people can send some without going there and it saves hungry people.
just like on what we are doing with fiat although its on decentralized manner.It doesnt really need to solve out something.
Bitcoin can solve your financial problems to some extent but it could not solve world problems like this war.The most who suffer during this wartime is the soldiers and the common citizens as they are first Target and got their lives disturbed and frankly saying btc can't help at this time to them.You need to convert it to fiat to buy some stuff but what if banks are not operational? The global peace is solution for this war and it needs to be stopped thinking how many people would lost their lives in this.
Never ever to see that this was a helping tool to solve and stop conflicts, not even to help poverty but this just an alternative currency. The most possible way it helps during this war in the people from Ukraine and even from Russia is to make use of their Bitcoin to purchase online and they don't need to go outside but instead, they will stay at home waiting. Well, some people from Ukraine asking for some donations and the good thing about Bitcoin is people can send some without going there and it saves hungry people.
Pretty simple, if you're from a region that has conflict, you're better off with fiat
Actually in case of that what you need is food and shelter because neither fiat nor bitcoin are going to prevent starvation or stop bullets. is not necessarily easy. For one thing, you need an internet connection and a working device. You also need to know how to use bitcoin, which some people are'nt able to pick up quickly in times of crisis.
Meanwhile bitcoin is not and can not be affected by this.
The fact that it cannot be frozen, it cannot be censored, and it can be used without ID, thats the reason why bitcoin is such an important humanitarian tool. For better or for worse, it is also a part of international conflict too.
I think I save money to eat and live, and then convert it all into bitcoin，Bitcoin has been tested countless times. Bitcoin will continue its monetization journey in the next century, I think everyone should have confidence that Bitcoin will continue to move forward!
It seems to me that this conflict did not affect bitcoin at all, at the beginning of hostilities it really fell a little, but now it is rising to the usual numbers (perhaps rich people transferred their assets))) Lately I trust cryptocurrency more than fiat money
Bitcoin can solve your financial problems to some extent but it could not solve world problems like this war.The most who suffer during this wartime is the soldiers and the common citizens as they are first Target and got their lives disturbed and frankly saying btc can't help at this time to them.You need to convert it to fiat to buy some stuff but what if banks are not operational? The global peace is solution for this war and it needs to be stopped thinking how many people would lost their lives in this.
I am not clear what impact international conflicts have on BTC price. We saw increase in BTC price after USA killed Qasem Soleimani an Irani general on 3 January 2020. At the moment BTC prices are not going up due to Ukarine and Russia conflict. It may be because BTC price has already gone so up in last one year that there is not much room for further expansion.
Just my own thoughts.
Just my own thoughts.
It does impact bitcoin's price and if we take the current Russia's invasion of Ukraine then the users in the conflict zone need fiat more than any other time hence they will end up selling what they have stored in bitcoin or other crypto as there is no guarantee about survival and having fiat will help them with their hardship and possible migration, at the same time due to sanctions from EU and west on Russian financial institutions they would prefer bitcoin as a medium of fund transfer so it has possibilities of pushing the bitcoin's value on both the ways but only on short term after which it would be business as usual for crypto.
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Why is bitcoin losing value at a time of conflict? Isn't it intended to do the opposite?
Pretty simple, if you're from a region that has conflict, you're better off with fiat than bitcoin so you trade that bitcoin for fiat and hopefully it would be enough for you to survive for awhile at least until the aides and help come which might take a long time because in a war, most resources are focused on offensive and defensive efforts of the country.Imagine most people nowadays has savings mate so probably its not needed if however some of them have bitcoin investment.
Infact this war has been rumours for how many days so for sure they are very ready especially for their needs.
And lastly bitcoin isn't legal tender on their country and just implemented few days ago, so i don't think most of their money is on bitcoin and since month of February market growth rate is keep decreasing as well.
I am not clear what impact international conflicts have on BTC price. We saw increase in BTC price after USA killed Qasem Soleimani an Irani general on 3 January 2020. At the moment BTC prices are not going up due to Ukarine and Russia conflict. It may be because BTC price has already gone so up in last one year that there is not much room for further expansion.
Just my own thoughts.
Just my own thoughts.
It does impact bitcoin's price and if we take the current Russia's invasion of Ukraine then the users in the conflict zone need fiat more than any other time hence they will end up selling what they have stored in bitcoin or other crypto as there is no guarantee about survival and having fiat will help them with their hardship and possible migration, at the same time due to sanctions from EU and west on Russian financial institutions they would prefer bitcoin as a medium of fund transfer so it has possibilities of pushing the bitcoin's value on both the ways but only on short term after which it would be business as usual for crypto.
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Why is bitcoin losing value at a time of conflict? Isn't it intended to do the opposite?
What I believe:
It depends on your perspective, whether short- or long-term.
Bitcoin is not and has never been immune to short-term hysteria.
Bitcoin benefits in the long run from efforts to shut out whole countries from the international correspondent banking system.
Obviously, I am on the side of the excluded, i.e. the misfits. My good buddies are all financial misfits!
How do you feel about this?
Stop comparing the price of Bitcoin to fiat. 1 Bitcoin always equal 1 Bitcoin. That will never change!
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Why is bitcoin losing value at a time of conflict? Isn't it intended to do the opposite?
[/color]What I believe:
It depends on your perspective, whether short- or long-term.
How do you feel about this?
I understand what you are saying but people need fiat to pump into Bitcoin investment for that to happen and I see people saying that the Russia/Ukrian war is affecting Bitcoin but is this really the case?
I just wanted to check that highlighted question, is it really this present conflict that is affecting the price of Bitcoin and other cryptocurrencies, or is Bitcoins price going along the normal TA determined price.
I wanted to put this here first so that we can comprehend it from a wider perspective
but my focus is zooming in on a couple of days here, the green circle and arrow marked price still look like it is still trading along the resistance dotted redline around $39k+.
The market has been having little flash dips since before the war started and it is not different from what we saw with the Bitcoin price within the past few days. Not unless there is something else I missed I would say, Bitcoin is just having its normal market pattern and not under the influence of this Russia/Ukraine crisis.
Pretty simple, if you're from a region that has conflict, you're better off with fiat
Actually in case of that what you need is food and shelter because neither fiat nor bitcoin are going to prevent starvation or stop bullets. Not to mention that you can't really store large bags of cash in your home because the banking system is going to be the first that will get hit. You can see how Russia performed a large scale cyber warfare against Ukraine over the past couple of days that included hacking their banking system. Meanwhile bitcoin is not and can not be affected by this.
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