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Topic: Bitcoin and War Crimes? (Read 450 times)

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November 24, 2023, 10:09:26 PM
#57
If war spreads to a country that has a large number of Bitcoiners, it will more or less affect the development of Bitcoin, but if only a few countries go to war, I don't think the effect on Bitcoin's development will be significant, unlike Covid which is happening almost all over the world, this also seems to be there is no significant effect, considering that everyone can do it just at home, and the internet and electricity networks are not constrained
sr. member
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November 24, 2023, 05:07:27 PM
#56
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When the pandemic first appeared and went viral, Bitcoin experienced a decline, but if we look at the graph, Bitcoin also experienced an increase and even headed towards ATH during the pandemic and lockdown at that time. In my opinion, Bitcoin is able to survive in any conditions, even war.
If anything, I think Bitcoin did fantastically well around the COVID-19 era if we had to draw a comparison of it with the entire global financial situation then. Yes, the fact that it went all up and did an unbelievable ATH of $68k+ in 2021 as against its 2017 ATH is  evidence that Bitcoin is a phoenix, rising from such death. From my observation, nothing seems to make Bitcoin remain down once its period for the bull rally is at hand. It's the same thing we face currently, even with the news from Binance of the money laundering charges against its CEO, CZ, nothing seems to have unfazed Bitcoin. Today, price went up again and it's currently at $37,700+, having done around $400 in addition since news broke of his arrest two days ago. Such news is capable of dipping Bitcoin if it were released wrongly or during a bear market.

Well this is very correct. Yes, however, the current market situation also plays an important role in determining price stability. We know how sensitive Bitcoin prices are to major news or events that are currently occurring. If the news is bad there will be a decline in prices, but in bullish conditions sometimes prices show volatility and then rise again. And this is the same as what Bitcoin is currently experiencing, which finally rose to a price of $38K.
Returning to the topic, regarding the Palestine vs Israel war, it certainly provides an opportunity for Bitcoin to rise. Why is that? First, it is clear about the Bitcoin circle itself, Bitcoin has entered a bullish phase and will face a halving, of course there will be some positive sentiment and fomo related to this. . Secondly, Bitcoin as a safe haven asset has a very big influence, because in a situation of uncertainty due to war which directly impacts several parties and countries which are starting to abandon stocks and economic instability are starting to turn to safe haven assets such as gold, silver, oil and even bitcoin.
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November 24, 2023, 12:01:53 PM
#55
Bitcoin is not a stock market as it is not issued by any companies. This is an asset that can be traded in the open market like gold and silver which can not be done with a stock.

Yes that's right. BTC is not like shares that can be controlled by a company, even the economic crisis does not affect the price of BTC, this can be proven when Covid 19 several years ago did not make the price of BTC go down, in fact at that time the price of BTC was increasing. This is also the same as the war that is happening now in several countries, whether between Russia and Ukraine or between Israel and Palestine, even Bitcoin continues to increase from $25k to $38k. This proves that under no circumstances will it affect the price of BTC.

Quote
Bitcoin can be used for funding wars, and this is actually a positive thing for bitcoin. Same this can be done with gold and silver too as someone can donate 1 ton of gold or silver to a war effort. What do you say about it? All these are available in the open market and there isn't much of a war effect on any of these assets.

This is very true. I've read several articles but I forgot the link to the article, it says that donors during war will definitely use transactions through BTC, because when a war occurs, many banks are closed or suspended, so BTC is an alternative. I'm also confused about whether this is positive or negative that BTC is used for war costs.
legendary
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November 24, 2023, 08:23:06 AM
#54
~
When the pandemic first appeared and went viral, Bitcoin experienced a decline, but if we look at the graph, Bitcoin also experienced an increase and even headed towards ATH during the pandemic and lockdown at that time. In my opinion, Bitcoin is able to survive in any conditions, even war.
If anything, I think Bitcoin did fantastically well around the COVID-19 era if we had to draw a comparison of it with the entire global financial situation then. Yes, the fact that it went all up and did an unbelievable ATH of $68k+ in 2021 as against its 2017 ATH is  evidence that Bitcoin is a phoenix, rising from such death. From my observation, nothing seems to make Bitcoin remain down once its period for the bull rally is at hand. It's the same thing we face currently, even with the news from Binance of the money laundering charges against its CEO, CZ, nothing seems to have unfazed Bitcoin. Today, price went up again and it's currently at $37,700+, having done around $400 in addition since news broke of his arrest two days ago. Such news is capable of dipping Bitcoin if it were released wrongly or during a bear market.
sr. member
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November 22, 2023, 11:43:00 AM
#53
Crypto is a stock market and also it can be affected by some wars and pandemic like situations. So I will say that Currently going wars with Gaza ( PALAESTINE) and Israel War. In long term situation and as there are high chances of spreading of war to whole middle eat. Will bitcoin market go on crash mood because last time was coronavirus.
What are your thoughts?
I think that could be the reason of crash.

Of course, external influences on Bitcoin are huge. It often crashes in the event of a war or epidemic, but the Israeli-Palestinian war has not yet had a significant impact on it.I think the risks of this war becoming more widespread are low and will not cause a crash for Bitcoin. This issue cannot be completely ignored, but if this war had any significant impact, Bitcoin would have crashed by now, but despite this, the price of Bitcoin is seeing an increase.

The main reason for this is that the countries of the rest of the world are not having much influence on this war .Instead of calling it a global tragedy, efforts are being made to ignore it.If Palestine was replaced by a strong country that could compete with Israel in a war, then Bitcoin would have more impact, but now it is a one-sided war, so Bitcoin does not feel threatened.
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November 22, 2023, 09:43:23 AM
#52
Crypto is a stock market and also it can be affected by some wars and pandemic like situations. So I will say that Currently going wars with Gaza ( PALAESTINE) and Israel War. In long term situation and as there are high chances of spreading of war to whole middle eat. Will bitcoin market go on crash mood because last time was coronavirus.
What are your thoughts?
I think that could be the reason of crash.
I think if the war between Palestine and Israel gets more difficult day by day, there will be a lot of pressure around the world. And if two factions of the whole world are formed for these two countries, then there is definitely a possibility of a world war and many people will die in it. Accordingly, we can say that the crypto markets may be affected somewhat downwards, as we saw the Bitcoin market crash during the COVID-19.  If the war between these two countries continues and the situation becomes more dire, there is a possibility of becoming a bigger war. When this situation takes a turn for the worse, many economic and various aspects worldwide will begin to suffer and this may affect Bitcoin. I also think that when the situation worsens with a global war between these two countries, there is a high possibility of a Bitcoin market crash.

So for your mind war is liable to cause bitcoin market crash, where have you left the fact that bitcoin is a decentralized digital currency, what impact has Russia and Ukraine war made on bitcoin market, despite the fact that knowing fully how both Russians and Ukrainians were well involved in bitcoin, maybe you should be reminded that bitcoin is not depending on any economical of financial crisis of any country than what it's network within gives under it's demand and supply, maybe you should add this to include the expectation we had with bitcoin with the event of halving.
sr. member
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November 22, 2023, 09:07:27 AM
#51
This situation won't any way affect crypto, bitcoin has very much influence, thinking that a war between two countries will affect crypto, is not right, this doesn't pose any threat to Bitcoin, I think bitcoin has already gained ground, and I must state it specifically that for now people want peace no country wants to join that war, even though they do, so many interesting news is coming in daily, people are being to embrace his currency a bit by bit, didn't fail to forget that inflation is dealing with many nations now, the current alternative is bitcoin whose value is higher that any other currency, so belittling bitcoin or crypto in general to that extent is not acceptable, is bitcoin for only those countries, if the answer is no, I think we should think the way forward.
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November 21, 2023, 04:31:08 PM
#50
Crypto is a stock market and also it can be affected by some wars and pandemic like situations. So I will say that Currently going wars with Gaza ( PALAESTINE) and Israel War. In long term situation and as there are high chances of spreading of war to whole middle eat. Will bitcoin market go on crash mood because last time was coronavirus.
What are your thoughts?
I think that could be the reason of crash.
We should not panic when their war in some of the countries, because cryptocurrency and especially bitcoin is not a currency of a particular country, its a worldwide currency in which I know quite well that the war of Israel and palaestine can not caused the market of cryptocurrency to be affected, their is countries that the crisis in the country can make the price of cryptocurrency or bitcoin in particular to destabilise, at least we have to understand that the price of bitcoin can't not be regulated of a crisis between a two countries.
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November 21, 2023, 12:43:54 PM
#49
Bitcoin is not a stock market as it is not issued by any companies. This is an asset that can be traded in the open market like gold and silver which can not be done with a stock. Bitcoin can be used for funding wars, and this is actually a positive thing for bitcoin. Same this can be done with gold and silver too as someone can donate 1 ton of gold or silver to a war effort. What do you say about it? All these are available in the open market and there isn't much of a war effect on any of these assets.

Wars affect financially and mentally, especially if the person is caught in the middle.

What is affected however is the lives and the prices of everything since the gas prices are also rocketing which in effect some Bitcoin holders are shaken out and sell.
With the war in Ukraine, I bet the Bitcoin holders in that country are already under 6 feet due to the conscription. The Palestinian Bitcoin holders probably are also selling already just so they can buy a bottle of water.

It is true that it is good that you have something in hand that can be traded even in wartime. We all know how a country's fiat currencies lose their value if that country is in the middle of a war. Holding bitcoin at a time like this can help people exchange their bitcoin for goods and services even in places like those. For those who want to use bitcoin only to store wealth this can be disheartening for them to sell their bitcoin but if your wealth is of no use in a emergency situation what is the point of having them.
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November 21, 2023, 10:52:05 AM
#48
Crypto is a stock market and also it can be affected by some wars and pandemic like situations. So I will say that Currently going wars with Gaza ( PALAESTINE) and Israel War. In long term situation and as there are high chances of spreading of war to whole middle eat. Will bitcoin market go on crash mood because last time was coronavirus.
What are your thoughts?
I think that could be the reason of crash.
OP, you got this all wrong but it is good that you have asked. I hope you have read through the responses and have a correct perspective now. Let me just point this out for the sake of clarity during the coronavirus the stock market crash. And in fact, bitcoin was a safe haven for many people, that was the point when the price soared.
Lastly, just as a way of reminder or repetition, the stock market is not different from the crypto market.
hero member
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November 21, 2023, 10:24:14 AM
#47
Bitcoin is not a stock market as it is not issued by any companies. This is an asset that can be traded in the open market like gold and silver which can not be done with a stock. Bitcoin can be used for funding wars, and this is actually a positive thing for bitcoin. Same this can be done with gold and silver too as someone can donate 1 ton of gold or silver to a war effort. What do you say about it? All these are available in the open market and there isn't much of a war effect on any of these assets.

Wars affect financially and mentally, especially if the person is caught in the middle.

What is affected however is the lives and the prices of everything since the gas prices are also rocketing which in effect some Bitcoin holders are shaken out and sell.
With the war in Ukraine, I bet the Bitcoin holders in that country are already under 6 feet due to the conscription. The Palestinian Bitcoin holders probably are also selling already just so they can buy a bottle of water.
full member
Activity: 504
Merit: 212
November 21, 2023, 10:02:22 AM
#46
Bitcoin is not a stock market as it is not issued by any companies. This is an asset that can be traded in the open market like gold and silver which can not be done with a stock. Bitcoin can be used for funding wars, and this is actually a positive thing for bitcoin. Same this can be done with gold and silver too as someone can donate 1 ton of gold or silver to a war effort. What do you say about it? All these are available in the open market and there isn't much of a war effect on any of these assets.
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November 21, 2023, 12:23:31 AM
#45
Crypto is a stock market and also it can be affected by some wars and pandemic like situations. So I will say that Currently going wars with Gaza ( PALAESTINE) and Israel War. In long term situation and as there are high chances of spreading of war to whole middle eat. Will bitcoin market go on crash mood because last time was coronavirus.
What are your thoughts?
I think that could be the reason of crash.
I read an article some time ago that explained the efforts of intelligence agencies that cut off terrorist funding through blockchain because Hamas campaigned through social media for their funding using crypto. however, the current conflict, especially the war in gaza, does not show significant fluctuations in the crypto market.
try reading the following article
Is Israel-Hamas conflict impacting the cryptocurrency market? Here is what investors must know
sr. member
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November 20, 2023, 11:48:20 PM
#44
Crypto is a stock market and also it can be affected by some wars and pandemic like situations. So I will say that Currently going wars with Gaza ( PALAESTINE) and Israel War. In long term situation and as there are high chances of spreading of war to whole middle eat. Will bitcoin market go on crash mood because last time was coronavirus.
What are your thoughts?
I think that could be the reason of crash.
I think if the war between Palestine and Israel gets more difficult day by day, there will be a lot of pressure around the world. And if two factions of the whole world are formed for these two countries, then there is definitely a possibility of a world war and many people will die in it. Accordingly, we can say that the crypto markets may be affected somewhat downwards, as we saw the Bitcoin market crash during the COVID-19.  If the war between these two countries continues and the situation becomes more dire, there is a possibility of becoming a bigger war. When this situation takes a turn for the worse, many economic and various aspects worldwide will begin to suffer and this may affect Bitcoin. I also think that when the situation worsens with a global war between these two countries, there is a high possibility of a Bitcoin market crash.
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November 20, 2023, 08:19:55 PM
#43

Bitcoin has nothing to do with World War. If we talk about the war in Ukraine or Russia, the war between Ukraine and Russia has been going on for a long time. The Ukraine Russia war is still going on. I don't think it has any effect on Bitcoin. That's because if we look at the Bitcoin market, we can understand that the Bitcoin market is getting faster as the days go by. If we are coming to the end in 2023 so far the bitcoin market is urdu pace so hopefully 2024 may be good for bitcoin. So I think 2024 may be the year bitcoin price will increase.

The war that is being organized between Ukraine and Russia, although Bitcoin has naturally suffered, but economically the whole world is under pressure. Because the economy is the most suffering in the global market, different countries. But bitcoin suffered in part because Russia has a large number of bitcoin holders who are regular investors in the bitcoin market. They have been under a lot of pressure during wartime which is why the Bitcoin market is also under some pressure globally.  Bitcoin price is expected to halve in 2024 so surely Bitcoin price will increase in 2024. Investing in the present as soon as possible should be done for the long term.
legendary
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November 20, 2023, 05:28:52 PM
#42
Crypto is a stock market and also it can be affected by some wars and pandemic like situations.
Crypto is not stock market

So I will say that Currently going wars with Gaza ( PALAESTINE) and Israel War. In long term situation and as there are high chances of spreading of war to whole middle eat. Will bitcoin market go on crash mood because last time was coronavirus.
What are your thoughts?
I think that could be the reason of crash.

Wars affect bitcoin price but it is not all wars per say. The Israel and Gaza has no negative effects on bitcoin price. It is even at the middle of the war that bitcoin moved from the region of 20k to 30k.
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November 20, 2023, 05:20:17 PM
#41
Crypto is a stock market and also it can be affected by some wars and pandemic like situations. So I will say that Currently going wars with Gaza ( PALAESTINE) and Israel War. In long term situation and as there are high chances of spreading of war to whole middle eat. Will bitcoin market go on crash mood because last time was coronavirus.
What are your thoughts?
I think that could be the reason of crash.

Where did you get the information that crypto is a stock market? Don't you know that the stock market is regulated by government agencies like the SEC, while Bitcoin or cryptocurrency is unregulated? And the stock market is a centralized-based system, while cryptocurrency is decentralized, while other cryptos are centralized.

Then there is no connection to the war in Bitcoin either; as long as there is a movement in the price of the dollar, there will for sure be an opposite motion in Bitcoin in the market. For sure, they will always be welcomed if they move in the market.
legendary
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November 20, 2023, 08:44:19 AM
#40
Cryptocurrencies are not stocks because they are not subject to regulatory oversight that can determine the limits of the increase in the share price, listing, or removal of the currency, but they are isolated islands that are not affected by the economy. Bitcoin was affected by what happened in 2020 and what happened in 2022, but only in the short term, so that the price was able to return again to the same levels in Less than 6 months, and therefore a global war is the only scenario that Bitcoin did not experience, and all regional wars had no effect or affected in the short term.
And even though we say they are subject to that, both items are still not the same. Because, a stock is from a company, like for example apple stocks. While cryptos are only a currency that can possibly created by a single individual only. Anyway, many cryptos right now are actually regulated and then the platforms related to them like exchanges are as well regulated.

Being regulated might affect their value but there are still other factors that affects it as well. There are some wars before where BTC is affected. But to our surprise, some of them had only bring a positive effect to it. Still, it does not mean that we are wishing for more wars to come.
hero member
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November 18, 2023, 09:29:35 AM
#39
Not that fast for sure it has been happening for some time now and it has hardly had an impact, while the pandemic was leading to gross downtrends in all markets, I made very cheap stock buys during that time which have rebounded back to massive profits today. That was a time for bitcoin to crash as well, but as far as I recall, it did not get affected much. Rather negative news of exchanges and hacks impacted it more deeply.
Short term, everything can happen and if other markets crashed with a pandemic announcement of WHO, Bitcoin market did have a crash is normal with me. I would feel more happy if Bitcoin market can be totally different than other markets but if it can not do it, like it actually reacted with the pandemic announcement, I see it's just fine.

The bottom line is after that shock and crash, Bitcoin market is a strongest since 2020 if I am not missing better performances from other markets. Are there other markets better than Bitcoin market since 2020?

In the Genesis block, Satoshi Nakamoto embedded a Coinbase message.
Code:
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks


Long term, Bitcoin has its show as Satoshi Nakamoto wanted.

I can not find any other asset that performs better than Bitcoin in ROI.
https://casebitcoin.com/charts
legendary
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November 18, 2023, 09:08:28 AM
#38
Totally unrelated and for some reason it may have an effect to the market especially to the nations in concern. COVID-19 was way more global compare to the war happening now at Gaza, I don't think there will be a crash in the market because it will spread in the Middle East, not that fast I guess.
Not that fast for sure it has been happening for some time now and it has hardly had an impact, while the pandemic was leading to gross downtrends in all markets, I made very cheap stock buys during that time which have rebounded back to massive profits today. That was a time for bitcoin to crash as well, but as far as I recall, it did not get affected much. Rather negative news of exchanges and hacks impacted it more deeply.

I still dont understand the context of "War Crimes" here and why the OP included that in the thread title. Even then just like Russia-Ukraine war I dont think this one will impact much, but only time can tell.
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