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Topic: bitcoin price with news and its future (Read 264 times)

sr. member
Activity: 1610
Merit: 301
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January 08, 2020, 08:09:02 AM
#21
If you price of other things like oil, gold they are also going up. Its human psyche that whenever we have such situations investors start buying or there is panic selling. If bitcoin will come back after current situation neutralizes so will be oil, gold and other commodities.
member
Activity: 434
Merit: 19
January 08, 2020, 07:59:35 AM
#20
Bitcoin going up again and we know that Iran/USA tension is behind this.

My question is that is this good for bitcoin in long run. We saw bitcoin going up when Chinese president gave statement about blockchain adoption. Bitcoin went up and then fell down again.

If bitcoin keep up and down with such news, bitcoin ow worth can never be established.
Please kindly drop a point why you think that the uprising issue between US and Iran is behind this present bitcoin growth if not you are just guessing, when its way off key to believe that this have anything to do with bitcoin recovery
sr. member
Activity: 1820
Merit: 436
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January 08, 2020, 07:39:00 AM
#19
Bitcoin going up again and we know that Iran/USA tension is behind this.

My question is that is this good for bitcoin in long run. We saw bitcoin going up when Chinese president gave statement about blockchain adoption. Bitcoin went up and then fell down again.

If bitcoin keep up and down with such news, bitcoin ow worth can never be established.
I don't really know or sure how the war affects the market price of bitcoin making it increases for some reason, obviously we are expecting the market price to drop because of war but what happened is bitcoin market price happened to increases. In my opinion, the market price of bitcoin should war when the war started since if could limit the interest of a lot of people in bitcoin resulting in less demand in bitcoin since they will be more concentrated in the war and not in bitcoin.

I think we should not be confident in the bitcoin market price since the war just getting started but personally I'm expecting a price drop in the market of bitcoin when the war continues.
jr. member
Activity: 168
Merit: 2
mada mada dane
January 08, 2020, 07:31:34 AM
#18
As much as I want to believe that it is based on supply and demand why BTC went up to $8.3K, we can't exempt the fact that there's an ongoing issue between the two countries which I am really praying that it won't result to WW3, and in my opinion, is somewhat affecting the price of BTC in the crypto market.
Some people are probably using BTC as payment for something that's why there's a huge increase on demand.
Anyway, with the ongoing war between countries, I am not sure if I should be happy that BTC rates rose above or what.
member
Activity: 476
Merit: 88
Online Cryptocurrency Exchange
January 08, 2020, 07:25:17 AM
#17
[Bitcoin is not a real safe asset

It was not yet really tested as one. Remember, that it came into being after the last economic crisis. Although no one really wants an economic crisis, but without one we are not able to check that.
newbie
Activity: 1
Merit: 0
January 08, 2020, 07:24:12 AM
#16
Guys bitcoin for sure depends in some way on other factors.Yes demand and supply drive the market but there are reasons behind them that they force them like uncertainty and conficts around the globe
hero member
Activity: 1344
Merit: 565
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January 08, 2020, 07:08:03 AM
#15
Bitcoin going up again and we know that Iran/USA tension is behind this.
How do you know for sure about this? It's all the news, you're just reading some bullshit and then coming over here asserting as if you know it all.  The value of bitcoin depends on the needs of the market, not anyone or anything behind it, so throw away this idea of yours.
sr. member
Activity: 1344
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January 08, 2020, 07:04:05 AM
#14
We still cannot conclude any reason why Bitcoin is increasing as it is today. There are too many recent reasons and many people think that the conflict has helped bitcoin price increase, if that is the case then surely after the conflict ends, the price of bitcoin will quickly fall back down.
IMO, the price of bitcoin increased because of the demand of everyone in this market and they bought bitcoin to wait for halving to be able to make a profit.
sr. member
Activity: 1022
Merit: 277
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January 08, 2020, 06:58:35 AM
#13
Bitcoin going up again and we know that Iran/USA tension is behind this.

My question is that is this good for bitcoin in long run. We saw bitcoin going up when Chinese president gave statement about blockchain adoption. Bitcoin went up and then fell down again.

If bitcoin keep up and down with such news, bitcoin ow worth can never be established.
I don't think the reason Bitcoin increased is due to the influence of the US and Iran conflict. A lot of reasons impact this market, but I think the main reason is that Bitcoin Halving is approaching so prices have started to rise. In addition,  gold also affecting the price of Bitcoin, gold is currently going up quickly and it also helps Bitcoin enjoy this benefit. The US and Iran conflict only affects the price of safe assets like gold...Bitcoin is not a real safe asset
I also think so,
It is more realistic to think that the sudden increase in price in bitcoin is because halving is coming near and not because of the war between US and Iran. This war has nothing to do with our current situation in the market.
member
Activity: 532
Merit: 41
https://emirex.com
January 08, 2020, 06:11:01 AM
#12
Bitcoin going up again and we know that Iran/USA tension is behind this.

My question is that is this good for bitcoin in long run. We saw bitcoin going up when Chinese president gave statement about blockchain adoption. Bitcoin went up and then fell down again.

If bitcoin keep up and down with such news, bitcoin ow worth can never be established.

Well, what can we do if this is the nature of Bitcoin? And I think that there are other investment assets that can rise and fall because of the news. The worth of Bitcoin is already established since it is hard to find another asset that rises so great just like what Bitcoin has achieved. Just Google for that and you can see what I mean. Compared to other assets, Bitcoin is the winner in terms of ROI even at today's rate.
legendary
Activity: 1498
Merit: 1000
January 08, 2020, 05:51:45 AM
#11
Bitcoin going up again and we know that Iran/USA tension is behind this.

My question is that is this good for bitcoin in long run. We saw bitcoin going up when Chinese president gave statement about blockchain adoption. Bitcoin went up and then fell down again.

If bitcoin keep up and down with such news, bitcoin ow worth can never be established.
I don't think the reason Bitcoin increased is due to the influence of the US and Iran conflict. A lot of reasons impact this market, but I think the main reason is that Bitcoin Halving is approaching so prices have started to rise. In addition,  gold also affecting the price of Bitcoin, gold is currently going up quickly and it also helps Bitcoin enjoy this benefit. The US and Iran conflict only affects the price of safe assets like gold...Bitcoin is not a real safe asset
sr. member
Activity: 882
Merit: 268
January 08, 2020, 05:33:00 AM
#10
nothing can be ascertained because it still has to look at trends, the most important is how much the fundamental influence influences the demand sentiment, this will determine whether it is only temporary or actually accumulates prices positively. What happened in China yesterday was very different because the government only talked about the blockchain while last December bitcoin was still inevitable from a bearish pattern.
sr. member
Activity: 2828
Merit: 357
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January 08, 2020, 03:47:24 AM
#9
Bitcoin going up again and we know that Iran/USA tension is behind this.

My question is that is this good for bitcoin in long run. We saw bitcoin going up when Chinese president gave statement about blockchain adoption. Bitcoin went up and then fell down again.

If bitcoin keep up and down with such news, bitcoin ow worth can never be established.
well why need to stabilize?bitcoin and all cryptocurrency are volatile so i don't think there is a  room for stabilization here?

yeah Price is Going up when there is a good news(but today this is Bad news as war is involved)yet the value is pumping so lets see if this can hold until weekends to predict the good future of Bitcoin this year.
sr. member
Activity: 1484
Merit: 276
January 08, 2020, 03:45:58 AM
#8
We don't know whats the reason behind this pump we don't have a clue it's just that the Iran and USA issue bloom up lately right when bitcoin is about to go pump and now people are crediting the pump to that issue between two countries. I'm sure there is more reasonable reason behind this price pump rather than just a issue between USA and Iran.
newbie
Activity: 28
Merit: 0
January 08, 2020, 03:39:05 AM
#7

There still no any news that are containing or saying that the rapid pump up or increasing of bitcoin is just because to the tension that is happening right now with Iran and USA. So we must not saying those things. There are a lot of reason why the bitcoin is rapidly increasing.
The bitcoin worth can established again as long as the price of it is continues growing and pumping, also it can establish when bitcoin once stays and become stable at some time and that would probably the main time that the bitcoin's worth will have established again.

It is affect by US/Iraq tension.

 Bitcoin Price Rockets to $8,450 as Iran Attacks US Bases in Iraq

Bitcoin price galloped past the $8.3K resistance and above the long term descending channel in a move many say is fueled by escalating tensions between the U.S. and Iran.

https://cointelegraph.com/news/bitcoin-price-rockets-to-8-450-as-iran-attacks-us-bases-in-iraq
sr. member
Activity: 1064
Merit: 265
Vave.com - Crypto Casino
January 08, 2020, 03:28:54 AM
#6
Why not this is good for long run.in this pump there lot of factors. It can be halving the reward. Also this not huge pump so It's can be a normal rise,as we see before rise and downs.
Bitcoin going up again and we know that Iran/USA tension is behind this.
I don’t think this is the reason. How we can't say it confirm.   
sr. member
Activity: 1638
Merit: 261
January 08, 2020, 03:11:57 AM
#5
Either it's because of the tensions relating to the Iran/USA or it's going in the right direction after two years of the bearish market but as long as the value of bitcoin has increased it's a temporary relief for us but only post halving we will be able to make a call on future of bitcoin, most of us think that Iran/USA tension might be the reason for this sudden pump but there might be some other factors which is driving the price up. Need to wait until the situation gets stable for a conclusion.
legendary
Activity: 2464
Merit: 1039
Bitcoin Trader
January 08, 2020, 03:09:28 AM
#4
I prefer to look at charts using the 1W MACD indicator, it will look something that leads to a further trend, I can't say much about it. You can look for it, I'm not sure Iran and America's tensions are affecting the current price of bitcoin except for a few people. who panicked about that, regarding the China problem there were still many contradictions when the price of bitcoin rose because china's announcement came from the china government about using blockchain technology but not with bitcoin and crypto, it was not because news came from china, but a trend that was driving it up, The news doesn't have a big impact on bitcoin, just look at the avatar I use as your key  Grin
hero member
Activity: 2660
Merit: 551
January 08, 2020, 02:48:22 AM
#3
Bitcoin going up again and we know that Iran/USA tension is behind this.

How can you be so sure that it is due to the Iran/USA conflict?

My question is that is this good for bitcoin in long run. We saw bitcoin going up when Chinese president gave statement about blockchain adoption. Bitcoin went up and then fell down again.

If bitcoin keep up and down with such news, bitcoin ow worth can never be established.

Good for bitcoin? How come? The price of bitcoin is based on supply and demand and not on geo-political conflicts around the world.
sr. member
Activity: 882
Merit: 258
★Bitvest.io★ Play Plinko or Invest!
January 08, 2020, 02:02:43 AM
#2

There still no any news that are containing or saying that the rapid pump up or increasing of bitcoin is just because to the tension that is happening right now with Iran and USA. So we must not saying those things. There are a lot of reason why the bitcoin is rapidly increasing.
The bitcoin worth can established again as long as the price of it is continues growing and pumping, also it can establish when bitcoin once stays and become stable at some time and that would probably the main time that the bitcoin's worth will have established again.
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