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

The 47th day of Ukraine's heroic resistance to the invasion of ten armies of Russian invaders is underway. Putin hoped to capture Ukraine in 3-5 days. The United States predicted the fall of Ukraine in seven days, some political leaders in Europe believed that Kyiv would fall within 48 hours. But Ukraine not only survived, it inflicted such devastating damage on the "second army of the world" that Russia has not endured in any war since the Second World War.

Russia has already lost more than 40,000 people killed and wounded, 725 Russian tanks, 1923 armored vehicles, 154 aircraft, 137 helicopters, 347 artillery systems, 111 multiple launch rocket systems, 55 air defense systems, 1387 vehicles, 7 ships, 119 UAVs and other equipment have been destroyed. . Because of this, Russia was forced to withdraw its remaining troops from the central and northern part of Ukraine and now claims only the east and south of Ukraine.

Now Russia is asking for negotiations, not Ukraine. In two weeks there will be a final turning point in this war, and it seems that it will clearly not be in favor of Russia.

Don't worry because the effect is just smaller than the reality , yeah when the invasion started there is something that we must be afraid off but now that the war continues to happen? yes there is a strong hold in market that we can find it real now.
what we can be expected that the prices will starts moving up and down but the main thing is how can we manage not to be affected?
keep your funds on hold and stay focus in your daily venture .
then never become panicking because this will also brings you bad reaction and action as well.

Due to the war between Ukraine and Russia there is unexpected moves in the market. Initially it dropped and suddenly it bounced as more people started to consider it the save haven against the inflated fiat. Further the acceptance of donation in terms of bitcoin, ethereum and USDT from Ukraine gave it more visibility. At the beginning days more volume were recorded with the bitcoin against the ruble. Later the market have been moving downwards gradually as the war heat increases. For some time period this will be the scenario of bitcoin price.

It's always the thought of many but the majority for the newbies. They'll think that because of a factor that's affecting it economically, it will be going to zero and will completely gone. How many times it had been thought of as being like that? Too many times, tremendous times. But no matter what happens, bitcoin will be standing even if there's a conflict between Russia and Ukraine and even until it stops, bitcoin will be staying good just as is.

Don't you forget 2021 was the time for Bitcoin bullish and even reached 2 times new ATHs? All of us know that in 2021, the world economy was in a crisis since the massive spread of Covid-19. But Bitcoin price increased significantly, it's completely the opposite of the state of the world economy, wasn't it? That simply shows us if Bitcoin price doesn't fully depend on the world economic status. In my understanding, the price mostly depends on the current issues related to Bitcoin or crypto as a whole. And also, depends on the schedule of the BTC halving. CMIIW

things so far are just getting worse between Russia and Ukraine as time goes by, I don't think now is the right time to start buying, maybe when you see things are starting to de-escalate, right now it's not looking good, and if one bad big thing happens it could affect the price significantly, so I really think currently that following what is going on with Russia and the NATO is the key to predict the price of the crypto market.

The panic is clearly illustrated here from investors, because they think bitcoin will be finished and the brand doesn't want to lose money for free, but in fact bitcoin will still exist and will always be there only the price will be more unstable during this war between Russia and Ukraine

The war between Russia and Ukraine is considered an incredible fundamental for many investors to panic, some when they panic what they do is sell no matter what, because they think that their money will be compromised and that the value of BTC will go down a lot, and this is a normal scenario because in speculative markets investors withdraw their money to protect themselves, at this time the ideal is to be able to buy as the price continues to fall. And this will lead to many smart investors buying and possibly amassing their wealth little by little.

Bitcoin price depends on the world economic all the time.So this is not a new one for the old traders,it was new to new traders.The new traders should read all the past chats to know about the variation.After the huge pump after 20k$,bitcoin had raised huge and reached 50k$.Now the Ukraine issue was the cause of the fall in the price,use the situation to buy huge coin at good price.When pump occurs,you get good profit.

Unfortunately, there was many years, when elections was stolen by theoligarchs and authorities. When communists and the opposition really won election so many times and  when people who went to peaceful protests against the results of the elections that were stolen, the authorities were answered by the batons and detentions.
And why did everyone silent when it was happened? Where were the sanctions then?
Really Europe does not know about oligarchs, about those who helped to ruin the country for so many years? Nobody knows about their superyachts and bank accounts with stolen billion dollars? 
Now when there were tanks in europe all around suddenly opened their eyes and again impose sanctions for the ordinary people who have nowhere to go and which have become poorer 2 times, after the currency collapse. No one oligarh was damaged.

And the oligarchs will continue to safely remove the currency to the West, nobody touches their yachts. Offshores work without stopping.
By the way, Bitcoin on it apparently and grows. It was not easy so recently tied equipment for mining from China with huge parties.
Rich will be richer again, nothing new

If you are a small holder, and you have immediate need for your satoshis, that's when you will feel the panic selling mode. But looking as to how things are progressing during this Russia-Ukraine war, it seems that the adoption of crypto is growing because people are finding ways how to move their money without so much restrictions. Also, the donations are pouring in to Ukraine via crypto. People are seeing that during this crisis, crypto is one very good option to transfer funds anonymously and in faster way. With this, in my opinion, sooner or later, we will see btc's price rising again.

We should not blame the panic sellers because they are not the ones that started the decline but it was the institutional investors because they are more powerful, they only influenced the panic seller to do the same.

I just hope that panic sellers figure this out soon or we can also educate them so that they can correct their mistakes but is it true that Ukraine is planning to have a peace talk? Isn't that a little bit late because their country is already been destroyed too much but I don't think Vladimir will accept it because he is hungry for wars, he wants more action. Bitcoin will soon go to that point where it will recover, just have patience.

True, New crypto Investors/traders don't understand the dynamics of crypto market and lose their patience when they see market declining sharply. This is extremely volatile unlike Stock and Forex/commodity  markets. We you learn to work under such volatile condition then in fact you take build your portfolio in Bear market and book good profit by selling it in Bull run.

I certainly agree with this. Most new investors do panic selling whenever there are situational crisis that could influence the price of Bitcoin. Old investors are aware that it usually happens but Bitcoin still recovers in time. Instead of fearing, experienced investors are actually taking it as an opportunity to buy and accumulate more. I believe that the price of Bitcoin would get better again since Ukraine is willing to have a peace talk with Russia anytime soon.

As seems now Ukraine started to accept donation via Crypto currencies and lots of people are donating them. So far Millions of donations were collected. Seems like this will cause to increase the popularity of crypto. meanwhile Swift system has banned the russia. therefore it seems like Russian billionaires search for alternative ways to do their transactions as usual. So we might be seeing BTC and other alts price increment in upcoming days.

This is not always the case. For example, in 1999, NATO bombed Serbia during the Serbian aggression on Kosovo in the former Yugoslavia. The NATO offensive came as a result of a wave of ethnic cleansing committed by Serb forces against the Albanian majority in Kosovo.

This will only become a weapon of FUD and people that wanted to manipulate this market, but if we will take a look deeper about the situation? this is not totally affecting the crypto market but because there are many FUD on going then that is the reason why the market is responding like this.
but all in all? this will become nothing in effect of this market .

Putin is a war criminal and has turned Russia in his puppet,he bombard the population with a lot of bullshit from their national TV and website RIA,RBC and 70% of Russians have no clue that they are fighting a wrong war they think they are fighting against Neo Nazis war criminals as Putin described this "special military operation".I agree any passing day with resistance is a win for Ukraine and a lost battle for Putin,eventually this will lead to him losing points in Russia and things will turn against him,isn't this the way all dictators are ousted?

Yeah most of the time is because of their own people in their own country.I know I have gone to far but I stand with the West and their value of Democracy over Autocratic regimes like the Russian one.

Mate, I am one of the few people here who was born when my country was going through a civil war. I've heard enough of the sound of bombs, gunfire, the death of soldiers on both sides as well as the plight of innocent people and the roar of government warplanes constantly monitoring the ceiling of my house. So I should know enough about how we survived in a conflict area for more than a decade due to civil war. If I had to tell the truth then I was someone who was almost run over by a government tank when a convoy of tanks started pounding enemy hideouts one afternoon but it was an experience that I will truly never forget for the rest of my life.

I certainly agree when someone feels confident to buy a certain amount of bitcoin to secure his or her wealth during a conflict and get out of the conflict zone safely instead of owning fiat. That's a great option for them although I know there are other assets that are also great to have. We can't really think 100% about property and wealth in a conflict zone because safety of life is the most important thing to think about.

We know that market manipulation is unavoidable because they want to take advantage of the situation to their profit. But when FUD has spread to other countries then panic is also inevitable because people too easily believe that bitcoin was affected by the war between Russia and Ukraine.

Well, let's laugh. During the first two days of a large-scale invasion of Ukraine, Russia lost more than 3,500 people killed and 200 captured, 102 tanks, 536 armored vehicles, 15 guns, 14 military aircraft and 8 helicopters were destroyed. This is the official statistics of the Ministry of Defense of Ukraine as of today morning. These are the largest losses in the entire existence of the Russian Federation. During the three years of the second Chechen war, Russia lost about 4,500 killed, and here 3,500 in two days and with so much military equipment destroyed.
Ukraine rebuffed the invaders in all directions, despite the fact that it was attacked from three sides, including from the territory of Belarus. I am now writing to the sound of air danger sirens as Russia uses ballistic and guided missiles, multiple rocket launchers and aircraft, fires large caliber from warships and has the ability to shoot through the entire territory of Ukraine.
But Putin's plans for a quick takeover of Ukraine have already failed. Each new day of the war turns against the Putin regime. They already understood this and were simply shocked by such powerful resistance. Ukraine will hit Putin in the teeth so that his head will fly off.
I see no need to sell my cryptocurrency. This war will not be long. Putin's regime will fall faster than the Ukrainians are afraid.

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.

Holding coins to zero?
I guess holding right now is still a good move despite the geopolitics that has been happening which is impacting the market through the owners. Many have panicked but also many didn't. It's all about the confirmation of the market that makes every one of us react depending on the situation. When the war startled, the market crashed but just after a few days, the market showed how strong it is.

That's the saddest part because Ukraine chose to abide with US who is always on top of every war, and Russia has made its last resort just to protect the country and the citizens. But in the eyes of many people, Russia was judged as the antagonist one. However, i was not surprised when bitcoin price has fall down again  because its always been affected by market trends and sentiments. And knowing the current event has brought huge negative impact on the crypto market, then the whole crypto market i think is having a hard time to increase their prices again.

the instability of the situation, worsening politics made the owners panic so that some wanted to secure their bitcoins and some took the opportunity to add to their collection.
so don't panic quickly to see the movement of the graph decreases slowly
keep holding your coins to 0

It's sad when war happens, all consequences fall on civilians. But I think Russia and Putin are not as selfish and cruel as China. War is probably the last resort they can do as they have warned Ukraine many times before. Politically if Ukraine merges nato and US will set up military bases in Ukraine. This is endangering the safety of Russia. I think Putin is doing the right thing when defending Russia's territory against the plots of the US and the West. If Ukraine chooses to be a neutral country, nothing will happen.

Today the up and down of BTC is caused by wall street traders even though they probably account for less than 15% or 20% of total BTC.  Hodlers don't sell and only buy occasionally so they don't have as great an effect on price as traders.  So when something happens in the major markets to go down, these professional traders have to cover margins, to protect themselves from margin calls.   And they do that by selling whatever they have including BTC.  

Presumably in the future as more and more hodlers enter the market the traders will have less effect, but they'll still have some effect only the volatility will be at a much higher average price.  

In your comment, you imply that the Bitcoin crash was caused by people from a war-torn area (Ukraine). How do you know that? There is no evidence for that.

This is obviously not the case. Instead, the price is likely to be influenced by speculative investors who are trying to predict the impact of events on the geopolitical scene on the capital market.

It's part of it because they need to have the assets for preparation in the war, some people see this wars happen and they do is sell the bitcoin they hold and we saw recently there's a lot of people keep panicking and we another support of almost 34k USD but again imagine now the Bitcoin comes back again and made a good profit so we are heading toward for another market trend but again be careful with the false hope trends always make research and technical analysis to save your investments.

We can wonder why because we are not in those country where possible wars are going to happen but if your on those position of those people I think you will know why will they panic sell. I think they are just preparing some cold cash and buying their necessities because transacting is going to be hard by the time war happens. The dumps can be temporary or not depending on the duration of the wars between those two countries.

Hodling is fine but it would be more finer if you can also accompanied it with buying so that you will increase your profit potential by the time price recovery. The wars does not affect the blockchain but there be some miners that will affected if they live on one of the two countries where wars are happening.

If WW3 breaks out then no asset will be secure except Gold , all Fiat currencies will fall drastically and crude oil and other commodities price will sky rocket, this all is likely to happen when we look at the history of previous wars. I am still optimistic that Ukraine war will not turn into any major war because US or Europe will not send their troops ( as Ukraine is not NATO member ) to support Ukraine, they will only use tool of sanctions to punish Russia which is a failed strategy. As far as Bitcoin is concerned , it has good support around 34K which it is still respecting.

If a war between two countries can affect the price of bitcoin, what happens If world war3 starts? That will be bitcoin price will fall drastically to possible $1k. Our future assets(bitcoin) are not secured if war starts cos many will sell off their bitcoin out of panics.
Only the wise will convert their fortunes if war ever starts.

In my opinion about Putin’s decision to legalize BTC as a currency, I think it’s one of his strategies as a preparation to bypass severe sanctions from the US, EU and their respective allies. At this state, he doesn’t care and worried about international sanctions and his reputation anymore (but he might deal with it later) because of BTC. This is just my opinion.

Russia is indeed the largest country not just in Europe alone, but in the entire world map. But recently BTC shoots up to above $38k again as well as ETH and other cryptocurrencies. It’s so unfortunate that this escalation did happen. War isn’t the solution to everything. There’s no winner here in this war. The innocent men, women and children are the ones who suffered. Putin’s true colors finally came out.

The war that occurred not only had an impact on bitcoin, but others would suffer the same fate, because the war would weaken the entire economy, investors would be overwhelmed, the bank would feel disadvantaged, and the country would suffer huge losses, widows would increase, and even orphans would grow. will increase, I will still hold bitcoin, and wait for the war to subside, because I am very sure after all this ends everything will return to normal as before..

It is sometimes we can't decline such impact to the economy make it was holders will decide to sell especially those who are living in Russia and Ukraine. I couldn't imagine how long this conflict went gone and I'm afraid if this could take longer the more dumps to see it really possible. But still, I'll keep myself prepared for what gonna happen next, and yet I'm still holding until it is needed.

For now, I was monitoring the market trend, I have no plan of buying yet until the time where this issue has been over.

This is really SAD!!! 

The war between Russia and Ukraine has had an impact on the crypto market, with the global crypto market value falling to $1.57 trillion, a loss of over 9.66 percent in the last 24 hours.

In contrast, MekaMiners(MEKA) suffered the most loss, sinking 99.51 percent to $0.0001696 as shown in Coinmarketcap.

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Yes, you are right.

As all stocks & crypto falling down and slowdown in the global economy and high inflation may trigger a major spike in gold prices!!

[moderator's note: consecutive posts merged]

It is bad because this approach of Putin and Russia under his regime will put a world into a new era which I believe most of us don't want to see.

Big nations can send their armies to other nations and try to re-draw borderlines if they want. China might be the next nation to do this with Vietnam, HongKong, Taipei. It sucks and Putin will be recorded in history as one of worst people on Earth. After Hitler. The next one can be Xi from China.

Even Ukraine have a old history and relations to Russia, it does not make sense when Putin sent army to this nation and destroy infrastructures, lives, economy, other things there just on sake of selfish privileges of Russia and Putin.

It's only logical.
All stocks, the whole market is down. War brings so many uncertainties. When you don't know what's going to happen tomorrow, you don't want to invest, you don't want to trade. You just sit, and wait until you see what's ahead.

In the past, the China-India and China-Taiwan conflicts were associated with changes in the Bitcoin price, now the Russia-Ukraine conflict is linked again with Bitcoin price changes, does politics affect Bitcoin, although many people sell their Bitcoins out of fear, but that will not have a significant impact on the Bitcoin price.

So hasn't the price already had similar ups and downs in the last 30+ days, even without war conflicts? If only Bitcoin had experienced a drop in price, we could say that military conflict is the reason, but war is only good for those who sell weapons and smuggle basic necessities - everything else will suffer the same fate and go red.

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Unfortunately, Russia has achieved its intentions and attacked Ukraine, I really thought that would not happen - but unfortunately, no one stood behind Ukraine firmly and with attitude. It all reminds me of 1991 and how the world stood aside when similar beasts invaded my country and committed the greatest crimes against humanity since World War II.

Cлaвa Укpaїнi🇺🇦

It would be great if sanctions were introduced against large Russian oligarchs and big businessmen. Now they will not buy yachts and real estate in Europe or the USA, and keep their savings in foreign banks, but look for ways to create a profitable business in Russia.

Just when we thought BTC will rise because Russia legalize BTC, the situation escalates. We have heard that famous quote all the time when there is a long bear market or war. But I'm not going to risk it while it's still unsure what's going to happen yet. For someone who had been in the crypto market for a long time, I'm probably going to see how low the price will really go and wait for the price to at least jump up and cooler heads prevail before onboarding again.

We have yet no idea when this situation is going to end, it's not a full war afaik.
The Ukrainian president has to choose peace talks because we see Putin is willing to shoot even when Ukraine is backed by NATO.

NATO rejected to send army forces to Ukraine. They don't want to stuck there and Ukraine is not an official member of NATO. Putin just want to break the chance to join NATO of Ukraine. He is smart enough to know that if he invade Ukraine and want to merge this nation to Russia, the hell is waiting for him and his nation.

World War III will appear if he does it but as said, I think Lutin does not want it.

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About Bitcoin, it does not fall because of Ukraine-Russia war. It will rise because of the geopolitical confict or the war. Just like it crashed because of the pandemic announcement in March 2020 then rose and made its alltime high because of consequent inflation from the pandemic.

So far US is capitalizing on the chaos and putting pressure on Europe economy as what they sanctioned is actually Europe not Russia (much needed gas exports from Russia to Europe). So if anything there are more severe sanctions against EU so far! And if the conflict continues we may end up seeing another energy crisis over there.

Possible, but wont happen. No one need that that war, as no one will win in it. It will be a destruction for everyone. This Russian-Ukrainian conflict was running for ages and will continue to run. For WW3 to happen, Russia must start invasion of other countries, or other countries must send their troops to Ukraine territory and they must have been attacked by Russia. Does Russia have similar conflict with other close countries - no. Does other country military can do a significant problems to Russian military - yes and no, as no one in clear mind wont try to involve that deep in Russia-Ukrain conflict. I expect more and more severe sanctions against Russia, world wide price growth, but not WW3.

I think people should stop speculating about a possible world war lll when they are not sure what will happen, right now it is unclear the direction this political conflict will go. However, it is indirectly affecting the market because of fear of what people are reading from the Internet, there are already different versions of this conflict making people panic. People should be calm.

I'm following this from afar so my information may not be complete but it looks to me that Ukraine brought this on itself when it tried to become part of NATO alliance and got close to the "west". It looks something like Cuban missile crisis. Russia felt a threat to its national security as Ukraine kept amassing weapons bought from Russia's enemies and there was even talks of building nuclear weapons again.
The thousands of troops they sent to the border was the last resort Putin used to maybe reverse this decision but it didn't happen so he invaded the country.

Where did the congress say that? Biden claimed that he will not get involved and will not send any troops to battle Russian forces.
https://www.politico.com/news/2022/02/23/biden-troops-russia-ukraine-00011049

There are so many more big players in the Cryptocurrency market today than there were in 2014.  We as investors decide if Bitcoin is a safe asset during tough times or not, right?  So this may mean that the majority of Bitcoin investors see it as a money making machine today and not a safe asset, which also explains this market crash.  I would rather believe this is what is going on.  We should keep in mind that every time bad news came about the pandemic, Bitcoin dropped significantly.

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PrivacyG

expected to happen , this has been the topic of the market for month now so isn't it normal that the attack will happen any time soon and the market will drops low as this is a worldwide issue?

but like most of the time , surely there will be recovery after weeks lol.

we knew that Russia will take Ukraine but the allied of Ukraine will surely retaliate and will make it a universal problem .

In the very center of Europe, crazy Putin attacked Ukraine with missile strikes, after which Russian troops crossed the border with tanks and other heavy military equipment. The invaders met with worthy resistance: six Russian SU fighters, two military helicopters were shot down, four tanks were destroyed. This, of course, is just the beginning.
Lithuania and Moldova, in connection with such a brazen Russian invasion, have already declared a state of emergency in their countries. The US Congress, in response, is considering today the possibility of sending its troops to Ukraine. A third world war is quite possible.

The price of bitcoin is falling and Gold spiked by 1.5% according to Peter Schiff's tweet. But, looking at bitcoin as a safe haven whereby people throw fortunes into bitcoin so that they can flee their country in times like this without having to pass through any stress whatsoever regarding loads of money, gold or properties. They can access their bitcoin in any county. I think reverse should be the case, it's just the beginning and market change is rapid this year. So people should no panic and keep hodling because soon people will invest into bitcoin to save their properties and wealth.

I believe you would know that the platform is Bitcointalk hence no surprise that the focus will be mostly on Bitcoin even though we still view other financial sectors. Even though we think the Russia/Ukrian issue is affecting the cryptocurrency market, we must also realize that looking at the Bitcoin price chart from 9 Nov 2021 till now, we have mostly seen a downtrend but of cause, some traders will be shaken by such kind of news but I hope this doesn't stay for long.  

I'll just throw a famous quote here, and this is what will most likely to happen when downtrends hit hard and those with money will want to invest in well performing assets.

The war is a tool for many ppl to make a lot of money and unfortunately, money has no feelings, for some it's a tragedy for others is an opportunity.

My thoughts are with Ukraine.

I think everyone knew that the moment Putin invaded Ukraine, the price of bitcoin and the rest of crypto are going down hard. Currently the price is peg at $35k, yesterday it seems that the price is stabilizing at $38k. Nevertheless, this is another great opportunity for us to buy and just go and be a long term holder. This year might not be good for bitcoin, but at least you can take advantage of it and just buy as much as you can.

I wonder what will be impact on miners. No idea how strong Ukrainian pools are, but I guess it will not come without any consequences. At the moment of writing we are 1h without block, maybe just a coincidence.
Anyway, this is one more time when we do not know it there will be a real reaction from EU and US or just talking about "being concerned".

How do you define part of Ukraine? There is a civil war going on for 8 years, since then these 2 regions were not part of Ukraine anymore but autonomous regions. I find it very sad that the two countries couldn't find a peaceful solution and it ended in war now. War is always wrong and is only going to hurt the innocent.



Unfortunately most investors don't look at bitcoins other crypto currencies as safe assets yet. For the majority of investors cryptos are still assets to speculate with. Similar to stocks investors are going to sell their holdings into less risky assets. Thats why we can see cryptos, commodities and stocks dropping at the moment and see a rise in gold price. Same goes for silver platinum, it is still the safe haven for many. Also the Swiss Franc is rising again, another safe asset for many investors.

Im not sure but for me its a big issue here. It could invoke world war 3 as other countries will not likely to stay quiet about Russia domination here over Ukraine. Yes Nato could not or maybe engaging anytime with the war but we all knew that somehow this news are affecting the crypto trading or bitcoin movement too. Its just after the announcement the market crash instantly, and this news are the only fundamental that might explain that imo.

A drop in price at the inception of the war and invasion, and I see a higher price increase gradually.
Russians are shooting, ammunition zones, airport, I think bank's will be next in the process.
They're fighting against what Ukraine will use to fight back at them, but don't think they can stop Bitcoin.
Once banks shut down, bitcoin and Crypto Currencies will be used, will more use increase the price ?

Global stock markets are down and so do Bitcoin. This is not the first time that such incident has occur. In the end whenever people panic due to an ongoing situation globally the market get crashed. I have read in the past here that Bitcoin price never gets affected due to the outside world which I agree to some extent but in this situation the dumping the market is directly impacted because of the ongoing war.

The price of bitcoin has collapsed not long after the Russian president carried out a military operation in Ukraine, every time there was chaos between the countries the price of bitcoin and ethereum began to fall, trials hit bitcoin again now, but I really believe bitcoin will be able to pass all the obstacles that exist, because bitcoin is used to experiencing all the obstacles that come. I hope the bitcoin price stabilizes again.

That tension between that both country is really makes holders panic selling to be honest, wherein even though Ukraine and Russia just started legalize bitcoin few weeks ago.

And i'm not really expecting  that its possible to happen in bitcoin, i mean for a new country that just started the adoption and because of their personal issues as well it caused bad results on bitcoin afterwards.

And lastly the question is, why the whole market is very affected.

Another proof that Bitcoin is not a short-term safe haven but a risk asset that correlates with the stock market and global economy. Hopefully one day it will mature and will be a digital gold when it comes to hard times, because it has other really important properties for that use case, like transportability, anti-inflation and censorship resistance.

The "invasion" started 2 days ago but the troop mobilization started a long time ago (I think it was a couple of months ago). Russian forces haven't been facing that much resistance so far either. They occupied Donetsk and Luhansk 2 days ago and were met with people who celebrated the invasion!!! They started large scale attack today (6 hours ago if I'm not mistaken) and the border petrol not only didn't stop the Russian tanks but also welcomed them into the country!

Did NATO mobilize any forces during all these months? No.
Did US mobilize any forces? No.
Did anybody promise to get involved? No.
Is anybody starting any mobilization now? No.
Is Ukraine part of NATO alliance? No.

So why do you think they are going to get involved now?
So yea, this is tiny in comparison to other conflicts. For example Yemen conflict is so much bigger than this and it affects world economy a lot more since 70% of world's energy is passing right under this conflict and for example another attack on oil facilities like in 2019 would send fuel prices through the roof.

I am not surprised, it went down as the S&P 500 and most assets went down. In the short term investors get scared because they think of something like what Stompix said:


Depending on how it develops, the market downturn will be more or less prolonged, but in the case of Bitcoin I think it will be like the coronavirus in 2020, when there is a recovery it will be the one that will rise the most.

Tiny conflict? If tension rises with powerful country like Russia and have some conflict with NATO, isnt it a big issue here? We all knew that bitcoin and crypto are also part of something important on market. Well an annoucnement like this, tell us that some of those people arr panic selling due to potential inflation that effect of this incoming war.

Yes market manipulation but its indeed due to the news. Bitcoin isnt alone, those big names holding btc tends to use this to gain position or profit from it.

If its dump not due to this russian conflict then can you give example to why their selling? Pretty obvious right.

Why are we focusing only on bitcoin as the whole market is down and not only crypto but share market has also tumbled a lot due to situation getting worse between Russia and Ukraine.The air strikes and Russian invasion have started a series of crash in prices and it will go on for some time until it's all over.So the best we can do is just hold the position in market at the time and wait long term.

Selling in a panic when they read the news everywhere will only leave regrets if we don't look for more information. I hope the news is not the cause of the fall in the bitcoin price this time but maybe from other reasons. People get worried easily when they read the bad news they get. Hopefully, this doesn't last long so the price can go up again. Once again, bitcoin gets the test but I believe bitcoin can handle it.

The war has already begun. Today at 4-30 Putin announced an attack on Ukraine. Ukraine is attacked not only from the border of Russia, but also of Belarus. Lukashenka completely fell under Putin. Explosions are heard in many cities of Ukraine, airfields are burning. Five Russian planes and a helicopter have already been reported shot down. The armed forces of Ukraine are already well armed and motivated. This will be the beginning of the end of the Putin regime. He breaks his teeth about Ukraine.
Yes, the cryptocurrency has fallen in price a lot now.

Blasts heard in multiple cities. President Putin urges Ukrainian forces to lay down their arms. World countries state the decision of Russia is unjustified and unprovoked. As a result every share market have started to fall, same is happening with cryptocurrency market. Putin says there is no plan of acquiring territory. The war is to demilitarisation of Ukranian government. Whatever the reason, when the world is suffering out of pandemic this war is unwanted.

Crypto market that is in fluctuation for a long have now turned downside with the invasion of Russian troops into Ukraine through Belarus.

Maybe that's bad news, but if we look at the Halving cycle then indeed the current phase is in the Bearish phase. It also happened in 2018. Combined, it looks like it's interrelated. But if we have understood, then there seems no need to panic. They will return to ATH again, if the consensus is still agreed. My hope is that BTC won't cost less than $28k, if it's missed it's possible that BTC could run to $14k. This calculation I did by looking at the phase after halving in the previous year. 

I've to be completely honest and say I'm not really following any of the news, especially since it's been conflicting from different sources of late, but hadn't the invasion several times already been dated, also by the same president?

Anyway, less a direct impact I think of that, than of the stock markets in general. Somewhat denting claims that Bitcoin isn't any longer correlated to that.

Then we rally could Bitcoin is indeed going to be affected when there is really war like this?

If it's going to trigger a lot of investors after seeing this price is taking a dive, retail investors will really take out thier coins for fiat taking the price down. There will be more dumps in days I guess it's time to send all to fiat including the altcoins? Anyone also suggests going to stablecoin first today and wait what will happen next?

And it made the market go into plummet as well. Eth has followed and it's not a surprise when there are news like this. Eventually the market will become calm again.

The worry is about the actual situation on Ukraine as their president has also declared martial law.

News: Zelensky introduces martial law in Ukraine, urges calm

Going back with the market, it's the usual reaction of every holder and trader.

This is panic selling and nothing else.I don't know why many BTC traders are panicking,but this is going to be temporary.Just HODL and forget about the Bitcoin price for a while.There's going to be a price recovery sooner or later.We just have to wait for it.The BTC blockchain is fine.The BTC miners aren't damaged in any way.
Comparing the Bitcoin price in 2014 with the current Bitcoin price is kinda wrong.Bitcoin wasn't as adopted by mainstream investors in 2014 and nobody cared about Bitcoin,when Russia invaded Crimea in 2014.
The Bitcoin price crashed in March 2020,when the pandemic started and everyone was panicking,but it reached 68K one year later.

Actually price went down because they shorted bitcoin. Basically they borrow a lot of bitcoin to dump on the market and crash the price and then be able to make profit and pay back what they borrowed.

If it were "major" in their eyes they would have done something about it like mobilizing their troops months ago when Russia placed hundreds of thousands of troops around Ukraine borders and started threatening invasion. But they didn't do a thing and still are not doing anything. Funny thing is that Ukraine military (after buying millions of dollars worth of useless weapons from US) didn't do anything about it either!

That means this is only "major" in media not in reality.

The most logical explanation for this is that a large percentage of Bitcoin investments are now in the hands of the institutional investors. They are the ones that normally panic when there are political instability. 

The early investors and long time hoarders was not bothered with these types of things in the past, but the new institutional investors will quickly sell their high risk investments to dump it into so-called Safe havens. (Things like Gold and Silver)

I do not think it is market manipulation, but rather trigger happy institutional investors that are panic selling. 

Lucky for those who have positioned well and shorted BTC. Regardless of the outcome, I was waiting for the moment that BTC would go down to buy them at cheaper price. I think this "tiny" conflict between Russia and Ukraine are somewhat "major" in the eyes of the US, NATO, etc,., and it's just the fact that the whales are manipulating the market. They are playing us so that they can buy BTC at lower prices. 

Bitcoin — despite it being built for situations like this, in the end is still classified as a sort of "risk on" asset. So if markets in general continue to go down, bitcoin and the cryptocurrency markets will go down with them. Tried and tested safe haven assets such as gold are likely to outperform.

Pretty obvious!
War and whatever the aftermath will mean trade will be on a downslide, it means the business will start downsizing, it means less money, fewer jobs, more people who count every penny and their top of the lists items are food and basic necessities, not investments. And shitcoins will be hit even harder, they need poeple gambling on them, most of them are just crunching small sums for thousands of "investors" that aren't really that happy with losing it all.

It's going to be ugly and even so things could get even worse.
With all these talks about sanctions and freezing assets prepare for far tougher laws for crypto too.

Didn't Russia already invade and annex 2 big cities in Eastern Ukraine 2 days ago? I'm talking about Donetsk and Luhansk that used to be part of Ukraine.

What I don't understand is why such a tiny conflict (in comparison to much bigger ones that have been going on so far) has anything to do with bitcoin at all!
If for example Ukraine had any kind of stake in bitcoin, like if they had mining operation or something, it would have made some sense.
This is not even affecting the world economy to have any effects on bitcoin!

Here is another important thing to blow your mind. Russia annexed another part of Ukraine exactly 8 years ago on the same dates too. Meaning on 20 February 2014 and bitcoin didn't care when Russia annexed Crimea. So why should it care now?
Here is something that would blow your mind even more, from February 20 to March 5 (the peak of the conflict) bitcoin price went from $500 to $670 (about 35% rise).

So the only explanation that is left is market manipulation.

About an hour ago, the president of Ukraine, Volodymyr Zelensky, confirmed that Putin was going to invade Ukraine. As soon as this hit the news portal the Bitcoin price went down 8%

Source

thoughts?