The overall crypto market capitalization fell and even tends to sink, bitcoin being the biggest decline in market capitalization, as a result of Russia's intervention in Ukraine even though this conflict has been around for a long time and only now is experiencing something that has a direct impact.
investors seemed to ignore for a moment the sentiment of Russia's attack on Ukraine. they actually take advantage of the momentum by buying crypto at a correction price or the term buy on dip.
when the US president, Joe Biden, did not respond to the Russian invasion of Ukraine with military action, only imposed economic sanctions, making the sentiment of market participants improve. Vladimir Putin said, Russia will not damage the world economy, Russia is still part of the world economy. We will not harm the world's economic system as long as we are a part of it.
With the actions of these two major countries, crypto assets that previously had fallen in trade, are now gradually recovering.
so it looks like bitcoin is only having an impact initially and is starting to accept the situation, so investors are not too scared off.
Topic: Bitcoin and Ukraine war (Read 437 times)
Demand and Supply in case of Oil. Wars need oil to run. Lots of it. There was a several miles long convoy of Russian millitary trucks stuck in Ukraine due to lack of oil. Every piece of armor and aircraft needs it.
I believe it wasn't just all about their fuelling which I think Russian would have been able to handle because I think they have abundant of it, I believe it is largely because the Ukrainian army has destroyed the Bridge that those Russian military convoys ought to have used to advance and now they are stuck at the main time. I do however believe that bitcoin did have some more publicity during this time and that's good too. The Putin regime miscalculated that behind the attacking equipment there was no equipment with support. In fact, this is one of the reasons why the Russians got bogged down in this war and suffered heavy losses in manpower and equipment.
War is a serious problem and of course it can have a global impact, there will be many problems such as internet access, financial transactions and so on, but the presence of bitcoin and cryptocurrencies makes it easy for anyone to send money, and this is what the president of ukraine understands so that it legalizes bitcoin and cryptocurrencies .
Bitcoin has even been a lot helpful to Ukraine at this time. A lot of people has been able to donate to Ukraine to help fund their military at this time of war and they were all able to do it through Bitcoin and also other means. I was reading the news the other day of how the Ukraine government has been able to make use of the crypto they have received to help their soldiers and provide them with most of the necessities.So for the OP, saying that the war has caused bitcoin to decrease in value is totally wrong, I don’t think the decrease in Bitcoin price now would have anything to do with the war at all. Those in these countries would even find it better to invest in Bitcoin because their currencies might be losing value and bitcoin would be a better option for them to save the value.
The bitcoin market has also been affected by growing concerns about Russia's invasion of Ukraine.
But Bitcoin has been falling in the last 24 hours and is currently trading at around $ 37,794.
But the oil situation is quite the opposite. Just look at the price of oil and realize that this war has had a huge impact on the price of oil and safe-haven assets like gold.
But what is the reason for this?
In my opinion, because of the war, most people avoid high-risk assets such as bitcoin and other digital currencies!
+How many wars have Bitcoin experienced so far?
-Nothing
So it is natural that most people, because they do not know the reaction of bitcoin, turn to other assets such as gold and oil. The escalation of the conflict between Ukraine and Russia will also cause more fear among investors.
But Bitcoin has been falling in the last 24 hours and is currently trading at around $ 37,794.
But the oil situation is quite the opposite. Just look at the price of oil and realize that this war has had a huge impact on the price of oil and safe-haven assets like gold.
But what is the reason for this?
In my opinion, because of the war, most people avoid high-risk assets such as bitcoin and other digital currencies!
+How many wars have Bitcoin experienced so far?
-Nothing
So it is natural that most people, because they do not know the reaction of bitcoin, turn to other assets such as gold and oil. The escalation of the conflict between Ukraine and Russia will also cause more fear among investors.
Bitcoin's price has been fluctuating prior the Russia-Ukraine war. Somehow, bitcoin is impacted by it due to perhaps panic, but I believe it will eventually bounce back like it always does. Right now, what is really alarming is the oil price hike due to the conflict. The price of oil is largely affected since Russia supplies oil in most countries.
This is the ugly repercussion of a war especially if a country involved is the one who exports goods. Since Russia is sanctioned, they have said it in news even before that if that will continue, the price of oil will rise up so much. And true to their words, indeed, the price of oil is massively increasing as time passes by.
Here in our country, the price of oil almost hit twice its original price before the war. And maybe in the next few weeks it would even exceed the twice original price and hit triple. It's frustrating most especially to the working class because whenever oil price moves, everything follows. Transportation fees, price of goods such as raw materials and processed ones. Hopefully, the war will be over soon and everything will come to normal. It's just so hard to live nowadays because everything goes up, except the wage.
The markets are all affected by this war in their own ways, but there is always a connection between them in the financial and economic system. If war occurs, demand for fuel will cause it to increase in price, and nothing will be needed more than fuel if the war is going to be long. The impact also drags on other economic sectors. Crypto is also partly affected by the war, if not greatly affected. Personally, I am worried that the war will drag on when both sides show tough moves.
Actually it is not mainly in crypto but instead the effect in everywhere specially In Oil , now my country suffers a lot as the price of Oil is now is almost doubled before the war happens and there is a hint that it may come higher in the following days as the war continues to happen.while there are others that says this may bring good effect to the crypto market yet we cannot even find this coming as of the price still in lowering today more than 2 weeks after that war.
The markets are all affected by this war in their own ways, but there is always a connection between them in the financial and economic system. If war occurs, demand for fuel will cause it to increase in price, and nothing will be needed more than fuel if the war is going to be long. The impact also drags on other economic sectors. Crypto is also partly affected by the war, if not greatly affected. Personally, I am worried that the war will drag on when both sides show tough moves.
This is what really causes panic, on the one hand some countries like the USA are ensuring their consumption through other oil producing countries, because if they want to isolate RUSSIAN oil from the world they do things that I never thought they would do, like asking for help from Venezuela, doing and recognizing the president of the country when they themselves said they did not recognize him, I think the war makes everything worthwhile, right? then as we see that everything intensifies we see that human behavior has no limits in order to satisfy their needs, this is something that can go against everything, their principles and even their own ethics, these are desperate behaviors given pro war.
Bitcoin is fluctuating, there's no need to worry over that. It's currently at $42k, 8% up over 24 hours. Overall, I think it's doing well during the current war and I have no reason to believe it's going to change for the worse. Of course, Bitcoin can suffer from some panic and general uncertainty of investors in an unstable geopolitical situation, but this will be compensated by donations pouring into Ukraine in Bitcoin and, possibly, increased usage of cryptos in Russia amidst strict regulation of foreign fiat and a free fall of Russian fiat.
I must say bitcoin price has been plummeted when the war has started but after couple of days, its price and with the rest of altcoins has quickly ramped up and made the market starts to recover. But then again, prices drop again and then started to rise and then easily drop. I guess fluctuations also takes place along with the market trends and sentiments. With regards to oil and gold price increase, apparently those were mostly affected that made the people suffer from buying high priced oil in the market but benefits on the high appraisal on gold as an investment.It is true that everything was really been affected because of the war but im not really that much convinced that it would surely give out effects on this market itself.
Well, we dont know on whats happening behind but with the level of volatility we are seeing are just those typical days.
Bitcoin is fluctuating, there's no need to worry over that. It's currently at $42k, 8% up over 24 hours. Overall, I think it's doing well during the current war and I have no reason to believe it's going to change for the worse. Of course, Bitcoin can suffer from some panic and general uncertainty of investors in an unstable geopolitical situation, but this will be compensated by donations pouring into Ukraine in Bitcoin and, possibly, increased usage of cryptos in Russia amidst strict regulation of foreign fiat and a free fall of Russian fiat.
I must say bitcoin price has been plummeted when the war has started but after couple of days, its price and with the rest of altcoins has quickly ramped up and made the market starts to recover. But then again, prices drop again and then started to rise and then easily drop. I guess fluctuations also takes place along with the market trends and sentiments. With regards to oil and gold price increase, apparently those were mostly affected that made the people suffer from buying high priced oil in the market but benefits on the high appraisal on gold as an investment. 
War effect between Ukraine and Russia have impact with gold and oil pump drastically and still can't make bitcoin could make new all time high price, I don't see almost one week with war invasion to Ukraine make positive or negative effect for bitcoin because still stuck above $40,000 and not really down for bitcoin price. Maybe if war can stopping have little possibility for bitcoin can reach to higher price and I think this war will running few weeks later look at moment not any negotiation between Russia and Ukraine government.
The effect of the war that occurred in ukraine made the price of gold and oil experience an increase in current prices, even gold has now reached a price of $ 2k / troy ounce, it seems that the increase was triggered by fear of investors so that they prefer gold as a safe haven for now compared to bitcoin , indeed at the beginning of the conflict the bitcoin price had increased to penetrate $45K but slowly the bitcoin price went back down and touched the price level of up to $35K, now it seems very difficult for us to predict what will happen to bitcoin next, whether the war will make bitcoin going up or down?
Bitcoin is fluctuating, there's no need to worry over that. It's currently at $42k, 8% up over 24 hours. Overall, I think it's doing well during the current war and I have no reason to believe it's going to change for the worse. Of course, Bitcoin can suffer from some panic and general uncertainty of investors in an unstable geopolitical situation, but this will be compensated by donations pouring into Ukraine in Bitcoin and, possibly, increased usage of cryptos in Russia amidst strict regulation of foreign fiat and a free fall of Russian fiat.
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why focusing in the bat effect of the war when there are also good in effect ? because Nowadays I believe that Ukrainian and even Russian are protecting their funds inside crypto and surely they are buying Bitcoin as majority coin and the safest.
I'm not sure what is the main objective of people connecting the dropping of price in this War but i'm sure this has not really in big effect .
Yes, there are good effect between Russian and Ukraine by giving the people opportunity to invest their capital on crypto, so that even though the war take everything away from them, it will not make them feel so bad because of the future investment they have involved in the community. The big effect is about to happen to bitcoin investors in the community for those that invested a huge amount of money on bitcoin before the war or during the war between Ukraine and Russian to have something good to earn when the price hit higher in the market. I'm not sure what is the main objective of people connecting the dropping of price in this War but i'm sure this has not really in big effect .
War effect between Ukraine and Russia have impact with gold and oil pump drastically and still can't make bitcoin could make new all time high price, I don't see almost one week with war invasion to Ukraine make positive or negative effect for bitcoin because still stuck above $40,000 and not really down for bitcoin price. Maybe if war can stopping have little possibility for bitcoin can reach to higher price and I think this war will running few weeks later look at moment not any negotiation between Russia and Ukraine government.
It is evident that the Russian sanctions are related to the occurrence of an increase in the price of oil and gas. There is fear of a possible embargo of Russian oil by the United States.
The price of gas and oil rose significantly a few months before the war, and gas still flows from Russia through Ukraine to the EU - which means the EU finances the war in some way, a bit paradoxical given all the sanctions it imposes on Russia, right?
Elon Musk in a tweet said:
Hate to say it, but we need to increase oil & gas output immediately.
Extraordinary times demand extraordinary measures.
Hate to say it, but we need to increase oil & gas output immediately.
Extraordinary times demand extraordinary measures.
Isn't Mr.Mars a big proponent of green energy and an opponent of fossil fuels? The hypocrite, who is calling out Bitcoin for dirty energy sources, is now afraid that he will run out of gas and oil - let him warm up on the batteries from his cars and make the world a greener place.
I don't believe its because of war reason bitcoin fluctuate at the moment, and also gold and oil increased because investors jump in into it to take advantage the hype. Seems wrong!
Because smart investors don't based on the current situation of the market as it's all temporary situation only and despite its clearly that bitcoin still suffering from bearish because of some weak hands that keep selling.
And infact bitcoin nowadays is very useful for Ukrainians especially when it comes donations, So i dont think its a valid reason why bitcoin is making correction right now.
From this point of view, the largest Binance Exchange is currently donating to Ukraine, and this is a form of solidarity with Bitcoin. I think the current fluctuations are only because of the psychological war of investors who are unable to hold their assets any longer, or they have an analysis that prices will fall again due to the war that has not yet been resolved. therefore I think we must be smart investors in order to take advantage of the current opportunities Because smart investors don't based on the current situation of the market as it's all temporary situation only and despite its clearly that bitcoin still suffering from bearish because of some weak hands that keep selling.
And infact bitcoin nowadays is very useful for Ukrainians especially when it comes donations, So i dont think its a valid reason why bitcoin is making correction right now.
What we can see with the ongoing war is the transition. Countries that depend Russia for oil will now think of green energy and will be developing infrastructure. Every nation could've done this earlier. If so, now they shouldn't need to wait for Russia or other countries for oil. As majority of the countries untied and made sanctions on Russia, surely it will cause issue with the oil price. Probably the oil rich countries will fix the price whereas people from third world countries will suffer.
Yes, European countries even before the war had programs to switch from oil and gas consumption to renewable energy sources. This is primarily due to the need to take measures to prevent abrupt climate change. The current biggest war in Europe since World War II, in which Russia is trying to seize Ukrainian territory, should also change attitudes towards Russian oil and gas. Europe no longer wants to depend on the Russian energy market. So far, they are partially reoriented to other countries, such as Iran, Venezuela and others.
I don't believe its because of war reason bitcoin fluctuate at the moment, and also gold and oil increased because investors jump in into it to take advantage the hype. Seems wrong!
Because smart investors don't based on the current situation of the market as it's all temporary situation only and despite its clearly that bitcoin still suffering from bearish because of some weak hands that keep selling.
And infact bitcoin nowadays is very useful for Ukrainians especially when it comes donations, So i dont think its a valid reason why bitcoin is making correction right now.
Because smart investors don't based on the current situation of the market as it's all temporary situation only and despite its clearly that bitcoin still suffering from bearish because of some weak hands that keep selling.
And infact bitcoin nowadays is very useful for Ukrainians especially when it comes donations, So i dont think its a valid reason why bitcoin is making correction right now.
not unless the whole world will participate in this war? bitcoin will not be much affected of this war instead this is another opportunity for the Bull coming .
because Both countries before this war happens are considering to be inside crypto specially bitcoin so what can we expect from them both considering that they are now looking for the best way to save their funds while at war?
in the following days or weeks we will see this effect for sure.
because Both countries before this war happens are considering to be inside crypto specially bitcoin so what can we expect from them both considering that they are now looking for the best way to save their funds while at war?
in the following days or weeks we will see this effect for sure.
why focusing in the bat effect of the war when there are also good in effect ? because Nowadays I believe that Ukrainian and even Russian are protecting their funds inside crypto and surely they are buying Bitcoin as majority coin and the safest.
I'm not sure what is the main objective of people connecting the dropping of price in this War but i'm sure this has not really in big effect .
I'm not sure what is the main objective of people connecting the dropping of price in this War but i'm sure this has not really in big effect .
I think so, before the Ukraine vs Russia war bitcoin has experienced a downward trend since November, I believe that the war will not have much impact on cryptocurrencies, the thing that is more difficult than war is of course the pandemic period that makes many people go bankrupt but bitcoin's performance can skyrocket.
Is the price of gold now increasing? In fact just yesterday I sold gold at a price below when I bought it yet with a discount. But in my opinion, the decline in the price of bitcoin will not last long when the war is in progress. I think that many parties need bitcoin as a means of payment, for example, tools of war, weapons and so on.
Yes, gold price is increasing and silver is also following the same pattern. However, it slightly differs from country to country. It also depends on the form of gold you have used and sold. If you had paper gold, you might have enjoyed the complete price without any making charges. However, if you had physical gold, making charges has been deducted from the final price. That's a common practice, at least in my country.
Bitcoin is definitely a good choice for the people affected by war! But considering its volatile nature and also limited acceptability is probably keeping the people away from it. Rather they are looking into gold and other metals for capital safeguard.
why focusing in the bat effect of the war when there are also good in effect ? because Nowadays I believe that Ukrainian and even Russian are protecting their funds inside crypto and surely they are buying Bitcoin as majority coin and the safest.
I'm not sure what is the main objective of people connecting the dropping of price in this War but i'm sure this has not really in big effect .
I'm not sure what is the main objective of people connecting the dropping of price in this War but i'm sure this has not really in big effect .
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