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Topic: Bitcoin soars to $8,400 amid Middle East Conflict, breaking Three-Month all high (Read 270 times)

hero member
Activity: 3094
Merit: 537
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I don't know why people still associate the rise of bitcoin to the imminent war between Iran and the US because there is basically no facts behind this. What is driving the price of bitcoin to go up is simply the approaching of bitcoin block reward halving. Bitcoin chart history confirms this and many people believe this is going to happen again hence the rise to buying bitcoin has increased as halving approaches.
Definitely true. There's no real correlation between the War and the price increase. people are just overly optimistic and trust me, if the war really happened bitcoin will be falling just like any other commodities or even stocks. War is never a good thing and to hope that it could somehow making the price soars is ridiculous.
hero member
Activity: 2156
Merit: 803
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It is a short time pump, it will go back down after few days when the tension de escalates. It is not possible for Iran to fight on all fronts and also have a war with America. Things will change for best in couple of days.
sr. member
Activity: 1274
Merit: 260
1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL
I don't know why people still associate the rise of bitcoin to the imminent war between Iran and the US because there is basically no facts behind this. What is driving the price of bitcoin to go up is simply the approaching of bitcoin block reward halving. Bitcoin chart history confirms this and many people believe this is going to happen again hence the rise to buying bitcoin has increased as halving approaches.
member
Activity: 845
Merit: 52
I was not expecting this but had told some of my friends to invest all they can on bitcoin, but they delayed till now, and they are asking me if they should buy, I just told them they ignored me when they should have bought at $6550. But they ignored all advise. If the tension between Iran and USA dies down, bitcoin price might get some correction.
jr. member
Activity: 560
Merit: 4
And if you are basing on situation in Iran and America

Quote
Due to recent US attacks on Iraq we got a noticeable jump up to $7.500. Now we are seeing it again cause of yesterday's attack at US Base.
Could continue to grow up as more targets get hit maybe. And tensions rises.

I will base also my answer why bitcoin now are decreasing and this is because of this

Quote
The US President Mr. Donald Trump is Live Now
Talking About The Iran & USA Issue. Probably This Could Be Reason for The BTC Dip...

We Couldn't Hear Live. it's Still Going On.
Must Watch

https://twitter.com/WhiteHouse/status/1214946620053184513?s=20
full member
Activity: 2142
Merit: 183
Why do you think that the reason behind the pump is the risky actions of Trump and increased tensions between the US and Iran? Today a plane of Ukrainian airlines crashed shortly after going up in the air at the central airport in Iran, even though the plane passed a technical review a couple of days ago, it was in good state and the crew was experienced. Would that affect the price as well?
I think Bitcoin is up because it's been don't for too long. I don't see how Iran-USA could affect it that much.
It is unlikely that the current increase in the price of bitcoin over the past few days is associated with tensions between the United States and Iran. The audit showed that in Iran and in this region as a whole, the demand for bitcoin did not increase.
A civilian plane owned by Ukrainian Airlines was most likely shot down by a rocket after taking off from Tehran's airport and began to gain altitude. Killed all 169 passengers of different nationalities, the largest number were citizens of Iran and Canada. What this means is still unclear. However, many states, including Ukraine, have so far suspended flights over Iran.
legendary
Activity: 2912
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Blackjack.fun
Due to recent US attacks on Iraq we got a noticeable jump up to $7.500. Now we are seeing it again cause of yesterday's attack at US Base.
Could continue to grow up as more targets get hit maybe. And tensions rises.
What price you think the new all three month all high will achieve?

So if the US bombs Teheran it will reach 15k, if the US invades Iran 25k and if nukes are used 100k....
If we go full nuclear and the entire human race is wiped off this planet it's going to hit 2 billion a piece!!!

Slowly but surely bitcoiners are turning into war mongrels and disaster loving people.

We had a wonderful start of the year, but let's not feed ourselves with hopium.
I'm pretty sure same have already eaten an entire bowl of flakes..or snorted it... Grin

I'd be happy if bitcoin crashed if it meant that a war could be avoided.  But I'm not so sure that this escalating Trump conflict/impeachment-distraction is responsible for what bitcoin's been doing.  Sure, the timing would suggest that's the case, but I really don't think people are flocking to bitcoin as any sort of safe haven asset.  Gold & silver are up, but not all that much, and those are what I'd expect to see jump if we were expecting anything close to a world war.

It's not people looking for safe heaven are for the making the price go up but bots, I 've seen some discussions that there are even in our crypto trades bots that do buy based on market reactions, for example, if the price of gold goes up by x% just how there are bots trading oil futures that rely on events from the middle east only.  Don't know how many those are but a single upward movement at the right time might trigger another set of bots to do the same and when seeing that humans FOMO kicks in and there you have it...
hero member
Activity: 2086
Merit: 994
Cats on Mars
IMO the shitshow between Iran and USA has nothing to do with the BTC price. The uptrend started in January 2 after the bears' last attempt to tank the btc price resulted in them getting destroyed by the bulls. There's been nothing relevant going on in the cryptosphere yet the price has been going up since the year started...So i'll just say that the last spike in the price was another one of those increments we've been seeing over the past few days.

I think the real news today is that the massive non-stop spike in the price finally stopped (for now). That's good, we could either see some consolidation (many people believe that a good sign that the bear market is over would be to see the price consolidating above 8k) or a correction (completely normal after almost a 13% increase in less than a week). Either it's fine by me (:
legendary
Activity: 3234
Merit: 1130
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current price $8070:



Donald Trump's speech today shows that for now there will be no war episodes, it means that if people were actually buying bitcoin because of a possible war they are disappointed at that point, my question is:

How long bitcoin will managed to stay above $8000?

Bitcoin Just Got Rejected at $8,400, And It Means a Big Fall Ahead  ( I hope they are wrong )

legendary
Activity: 3248
Merit: 1402
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Why do you think that the reason behind the pump is the risky actions of Trump and increased tensions between the US and Iran? Today a plane of Ukrainian airlines crashed shortly after going up in the air at the central airport in Iran, even though the plane passed a technical review a couple of days ago, it was in good state and the crew was experienced. Would that affect the price as well?
I think Bitcoin is up because it's been don't for too long. I don't see how Iran-USA could affect it that much.
legendary
Activity: 2632
Merit: 1883
Leading Crypto Sports Betting & Casino Platform
It is notable that if the increase in Bitcoin prices has to do with Iran's missile attacks against US troops in Iraq, it is due to the emotions of speculators and investors, it is certainly a sign that the market is moving by emotions, we can not forget that we are close to the Bitcoin halving, some analysts talk that the price can reach $ 12k, however, it is mere speculation, it is not yet known if that movement is short term, it only remains to wait.
sr. member
Activity: 939
Merit: 256
The price increase could just be a coincidence & nothing to do with the US & Iran conflict.
The halving is getting near & historically the price does rise in anticipation of the block reward halving getting close.
I don't think the halving affects the price of bitcoin in recent days. Bitcoin is a sensitive currency to the political situation in the world so I hold the view that the price of bitcoin has increased in recent days due to tensions in the Middle East.
hero member
Activity: 1249
Merit: 506
I agree that the bitcoin price is rising due to conflicts between the US and IRAN, but the situation is calming so the price of bitcoin will not be able to rise too high in the coming days. Perhaps from here until the end of the week, the price of bitcoin will tend to decrease.
Although the tensions between the US and Iran have dropped and the bitcoin price has dropped, I am really happy about that.
full member
Activity: 412
Merit: 101
Bitcoin has risen to $ 8450! It will be a good signal if BTC does not increase its price because of the risk of war in the Middle East, and because of news it will also come down because of news.
legendary
Activity: 3542
Merit: 1352
The price has since normalized and is back to the lower regions of $8000. The recent surge in volume, perhaps, was caused by the anticipation to Trump's speech regarding the missile attacks of Iran to the US troops stationed in Iraq. Of course, traders want to make a big deal about it hence the recent price surge and increase in volumes in all exchanges, but the moment Trump issued out his statement regarding the tensions--which, thankfully has subsided--the price went down almost immediately and is treading carefully back to its normal level just a week before all of these happened.

Hopefully everyone calms their horses now after Trump declared that the US does not want any war and it is ready to embrace peace if Iran stands down which, it appears to be doing as of late.


The first week of 2020 is a massive catastrophe for the whole world.
sr. member
Activity: 1456
Merit: 251
We can confirm such News since price jumped 19% since 2020 start, purely 1 week ago.

Due to recent US attacks on Iraq we got a noticeable jump up to $7.500. Now we are seeing it again cause of yesterday's attack at US Base.

Could continue to grow up as more targets get hit maybe. And tensions rises.
This time, bitcoin has proven its top commodity position at the start of the new year and hopes that the rate of increase in bitcoin in the following months is higher. Still, I do not expect the tension of Iran vs. America to be more serious even though it has a positive impact on bitcoin.
legendary
Activity: 3556
Merit: 7011
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I'd be happy if bitcoin crashed if it meant that a war could be avoided.  But I'm not so sure that this escalating Trump conflict/impeachment-distraction is responsible for what bitcoin's been doing.  Sure, the timing would suggest that's the case, but I really don't think people are flocking to bitcoin as any sort of safe haven asset.  Gold & silver are up, but not all that much, and those are what I'd expect to see jump if we were expecting anything close to a world war.

We had a wonderful start of the year, but let's not feed ourselves with hopium.
Lol at the "hopium" term, never heard that one before but I know exactly what it means.  We're only 7 days into 2020, and a lot can happen.  I'm happy with bitcoin being where it's at right now, but there's no guarantees that this is going to be a sustained movement.
sr. member
Activity: 1022
Merit: 280
Due to recent US attacks on Iraq we got a noticeable jump up to $7.500. Now we are seeing it again cause of yesterday's attack at US Base.

Could continue to grow up as more targets get hit maybe. And tensions rises.

What price you think the new all three month all high will achieve?

Do you mean the more missiles are fired and more the situation is tense, the more bitcoin will move up ? If this is the reason for bitcoin pump, then i am not in favor of it. I do not want the world peace to be destroyed and can't be happy because bitcoin is rising because of this.
Although i do not believe that War is the only factor of bitcoin pump lately.
sr. member
Activity: 686
Merit: 262
This price appreciation is definitely not because of the Iran. Technicals clearly stated that the price is gonna rise because when some support gets tested again and again, bears lose volume and then it gets invalidated. This is exactly what happened with the support of $6800. Thus, bull got the whip and the price went up breaking resistance of $7600 and $8200.
Iran has nothing to do with it.
legendary
Activity: 3234
Merit: 1055

news was that Iran just launched missiles hitting Us military base in Iraq. not sure if its true but if it is then i guess they escalate this into what it is. they just can't stop themselves but to hit back as soon as possible.

We had a wonderful start of the year, but let's not feed ourselves with hopium. As I said before there is still plenty of resistance above us and until we don't break above the $9500-$10k psychologic price I'm not making big dreams. The bulls have plenty of momentum indeed and there are some good chances that we break $10k before the halvening in my opinion, but again - that's just guessing. I encourage everyone of you to make your own analysis of the markets and make decisions carefully.

yep good start of the year. i kept watching the price last night, its growing nonstop. there had been good updates to wait this year and a war that's coming.
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