Topic: Bitcoin price goes down as Russia begins Ukraine invasion - page 2. (Read 760 times)

You haven't been in a war or seen war up close. When the bullets fly you won't be thinking about liquidating assets. The only thing you would be thinking of is survival. Haven't you seen the long lines of cars in highways running west in Ukraine? In fact if anything people should have bought a lot more bitcoin so that they have a way to safely take their net worth with them out of the conflict zone. Their own fiat doesn't look like a good option as it dumped 8% over the past couple of days.

Apart from that Ukraine didn't have that big a volume to cause any disturbance in bitcoin market even if they all cashed out. Not to mention that price is back to almost $40k again despite the Capital, Kyiv being under attack today.
As I said in first page, this drop and the current market situation has not been anything more than market manipulation.

Why can't I relate it to war? If had I lived in two countries that were now at war then I would also consider selling my bitcoins regardless of whether it was a little or a lot because I think it is really unsafe for me to hold bitcoin in a warring area. We don't know how many Russians and Ukrainians tried to sell their bitcoin during this war and I'm pretty sure that has affected the price on a small scale. I know bitcoin has also lost its price since ATH is over 50% some time ago, so war is just another reason why the bitcoin market is experiencing a correction.


I'm still optimistic about bitcoin, but what about people in the two currently warring countries if they have big investments in bitcoin. However there is always a big risk with this investment, you and I have different ways of doing good investment management for ourselves regardless of whether one can convince themselves that bitcoin is a safe haven of asset.

This Russia inversion is certainly going to trigger lots of things to either go up or down. Already in terms of oil prices these have started to go up all because of these guys and seeing the sactions being applied on Russia which includes swift and all prices of bitcoin could go down but am hoping it does not lead to this.

Bitcoin is always a speculative and volatile asset and to be honest, it's not first time Bitcoin has 30%, 40% correction, so please don't connect it with the war. The war itself has its impact on all markets but with Bitcoin market, if the correction is inevitably, it will occur by one reason or another which can be this war or another reason.

This suddenly unexpected war is a chance for Bitcoin to prove that it is actually a a risk-on safe-haven asset. It's the first time for Bitcoin to do this in the chaotic time of European and the world. Such time does not occur too often and people will remember this time if they are Bitcoiners.

I am really sad to see what is happening in Ukraine with lots of innocent blood just because of the non-sense and stupid ambition of Putin. I do emphasize, of Putin and his dictator government that don't represent for Russians. We do see how Russians try to protest against the war but their voice is not listened by Putin and his dictator government. Thanks God, Putin started the war and it will trigger a massive internal war in Russia against him. He deserves it and I wish he will be beaten down by Russians one way or another. It's best for Russians without Putin, not only the Europe or the world.

There is always volatility that we can feel regardless of any news happening in the world, be it positive news or negative news. Russia and Ukraine have been influencing the price of bitcoin for some time as traders and investors panicked after the country announced the invasion, but now it seems that everything is under control as demand for bitcoin has increased.

I'm not sure how long the war will last but I believe in the short term bitcoin really isn't a safe haven so people can't prevent losses from fluctuations. Russia and Ukraine are not only having an impact on crypto but the impact is also being felt on the stock market and other investments.

I don't think that quick will make them sell off their entire bitcoin asset. Maybe just for a quick profit but eventually they'll buy back those sold bitcoins at a mark up. That's how these institutional works for the profit. It's known that cash is king when there are events like this but people are getting smarter these days, you can't buy anything if you're in the exact place of the war. But if you're far from the scene then you don't have to panic but you can go along with the market and profit from it.

Ukraine not an "official" member of NATO but they (and USA) had promised protection. In fact that is how they disarmed Ukraine in first place! They were just too stupid to know that they shouldn't trust such promises from countries that have very weak military themselves!

the price has remained in the $37-$42k range for the last month. even before the conflict.
infact its at $39k which is higher than in january and higher then days before the conflict last week
(21st feb $37k.. first day of invasion 24th)
it was at $38k on invasion day and now at $39k

so dont panic.
..
there are other factors at play changing the value dynamic of bitcoin. that are more affecting things than the stuff happening in the ukraine
new asics are operating, the network hashrate is at ~190exa for the week instead of 200+exa the week before

using last gen asics the mining cost and thus baseline value where cheapest region on earth to mine was $37.5k
using new gen asics the mining cost and thus baseline value where cheapest region on earth to mine is $28.3k

so because those getting small batches of just released next gen asics, some are making more profit and able to sell for less and still profit

also the higher cost countries like america. which had a last gen cost of mine of $43k so they prefered to buy coin rather then mine when price was below their cost
now can mine for $32.7k, so now they have switch positions from a buy to hoard, to a mine to sell position.
..
as for market influence
those actually in ukraine are not looking to sell their bitcoin to have Ukraine currency. they are actually trying to change their ukraine currency into other things like bitcoin, to store while they try to escape ukraine

there are only a few 'minnows' that are selling up to get small amounts of ukraine funding to cover any immediate costs of living/escape

Nato will not get involved inside the Ukraine because ukraine is not a member of nato

many people think that NATO is some humanitarian group helping out any country in need. but they are not. they are a member service, helping out only those that are members. (just like a gym membership)

if they started helping out those that are not members, then the existing members see no benefit in paying to be members if they can get the same support/service without paying to be a member. so nato has to not help out non-members too much. or it will see other countries not see the need of paying for membership.
(yep they run it like a business)

so nato will not go into ukraine and defend it.
instead nato stand on the outside in neighbouring countries that are part of nato/international waters. and so nato will defend those neighbouring member countries and stop russia from using those countries as a pass through.

nato are not giving free aid/defensive weapons to ukraine. ukraine have to buy them from nato.

When the outbreak of war will affect the entire world economy not just bitcoin, the drop in bitcoin price is not a surprise to me. The panic selling of investors is understandable. War is a very bad thing, I hope this war will end soon, we will see the nearest market recovery.

Again, Putin might not want to have the distinction to be the next Hitler, the man that started the next world war. Perhaps he is just flexing his muscle here because he knows that Ukraine is weak. And Nato and US are not that stupid to help Ukraine physically, I mean giving them arms to fight against the Russians.

And as the OP started, the price goes down, but today we have a good chance to hit $40,000 again.

Do you know that we have been experiencing Bitcoin price fluctuations before now, and Bitcoin market has being in balance since 2021 so saying that it is because of Russian and Ukraine invasion is the one of the factor's why Bitcoin is falling i will not be part of that, the News of Russian and Ukraine have not be long before it comes to effect that could affect Bitcoin

obviously.
Any conflict, moreover war, will always disturb the economic conditions, industry, and various aspects of this world.
Not only Bitcoin but also some stocks in this world also plummeted, even bigger.
We will no longer know whether the impact will be even greater in the future if this war does not end quickly.
What's more, there are several FUDs related to Bitcoin which have recently gone up, causing the price of BTC to fall even more.
And this of course affects the price of altcoins too because after all most altcoins will follow the movement of Bitcoin.

I felt bad for whats happening between Ukraine and Russia. It is sad to see that there are more than hundreds of inoccent people are being killed because of this invasion..

And speaking of bitcoin price. According to this article:

https://www.google.com/amp/s/time.com/nextadvisor/investing/cryptocurrency/experts-react-falling-crypto-prices-russia-ukraine/amp/

Bitcoin has dropped below $35,000 and Ethereum dropped below $2,400 immediately after the invasion started.


Russia’s invasion of Ukraine late Wednesday night will likely bring even more volatility to the crypto market, experts say.

With no signs of a slowdown to what President Biden this week described as an act of war on the part of Russian President Vladimir Putin, experts say cryptocurrency investors should expect more volatility ahead.

Actually, not only stocks and US dollar that were affected these days, but more specifically those citizens from Ukraine and Russia are the most affected right now with what is happening on their own countries. I can't imagine how they sustain living their lives there with chaos and a lot of disasters around. And to think that some of them are hodlers of bitcoin, i guess their last resort to sell their bitcoins so they can sustain living there with the growing crisis.

  It's good that bitcoin has managed to increase despite of the world crisis that we are facing now, and this war between Russia and Ukraine could have made it worst. But i'm not losing hope as everything will come to an end in due time. The low crypto market will eventually regain its value after those investors who chose to sell their coins due to the effect of the current war, will buy back again in time. In fact, not only crypto that is affected right now, the value of US dollar tends to create price fluctuations too from its steady move, as well as those stocks market.

We can never expect for bitcoin not to crash because its always observed that every time there are crisis happening, bitcoin price always gets affected. With the present war, i think this will push for some institutional investors to sell their bitcoin assets and prefer for fiat to sustain from the current crisis, but some of them have also the power to hold and are still hopeful that everything will be back to normal. More than that, bitcoin will also not stay having a low price, it will also try to increase as much as possible but if this war continues, prices of bitcoin and altcoins will be on and off.

We can't always avoid such economic consequences, which leads to holders selling their assets, particularly those in Russia and Ukraine. I have no idea how long this war has lasted, and I'm scared that the longer it goes on, the more dumps there will be. But I'll keep myself prepared for whatever comes next, and I'll hang on to it until it's needed. Russia is, without a doubt, the largest country in the globe, not just in Europe. However, BTC, as well as ETH and other cryptocurrencies, has just risen past $38,000. It's terrible that this situation has escalated.

War disturbs the world's everything every time. Honestly speaking, this war is going to be another black mark in this world if this thing gets big. If it is not stopped soon because of the advanced and powerful weaponry. And because of this war, not only in bitcoin but also in the economy, it is going to be the worst for the world. I think if other countries were trying to stop Russia, then Russia wouldn't be stopped for the simple reason that they have power. But if other countries take any steps against them, then we are going to face a huge economic downsoon. Simple, because Russia supplies almost 60% of the world's gas and oil needs. and it might be very dangerous to go against them. But at another site in Ukraine, they are really against Russia. I don't know what's going to happen next. This might be ridiculous. I really feel bad for Ukraine.

we may possibly see bitcoin to rise in the coming days. when btc declined owed to the start of this war, i believe a lot also bought their btc because that is good opportunity. during this war, what do you think will be the safer and faster way to move out your money? local fiat would be hard as banks are mostly not in operations. so if you know how to deal with crypto, you can easily move your funds via crypto without the interruption of the government. but be careful with the exchanges, use reputable ones as much as possible. or much better if you can secure your funds using your own wallet. and i dont think btc will go down to 0, that's not gonna happen.