Bitcoin Weakens at US$ 42,145.35 The Impact of Russia's Conflict with Ukraine

elisabetheva

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Quote from: Ziskinberg on March 14, 2022, 10:02:59 AM

Quote from: Gozie51 on March 10, 2022, 09:54:05 AM

Quote from: STT on March 08, 2022, 04:52:28 PM

Of course there is always a cycle of profit taking, a pullback is quite normal which is how I see BTC acting rather then particularly negative overall.

It is expected to happen during the time of war yes and more volatility is going to continue because this war isn't looking to stop soon, meaning there is going to be more panic created as the sanctions are announced and regulation news of bitcoin is still heard from different angles, the latest being UAE. But IMO whatever speculation is suppose to favour bitcoin because people are considering it as safe heaven.

This justification is what I agreed with, of course, when fiat weakens, people will find an alternative to save the value of their money that is losing in value, the number 1 good investment is gold, but we also have a digital gold which is bitcoin. The effect I believe is just temporary, I'm talking about the negative effect where people panic, but in the long run, they will realize to choose a safe haven for their money.

Most of the time, the search for the weakening of fiat is clearly done by shifting to products that have been around for a long time and are often used. but I agree with my friend above that the alternative is currently clearly focused on bitcoin, because the bitcoin trend continues to increase and the acceptance of investors continues to increase to divert their funds to invest in bitcoin.

I see that the effects of the conflict between Russia and Ukraine on bitcoin are only temporary and seem temporary and I agree that only panicked and impatient people take action to release their bitcoins to the market so that it weakens. but that trend will automatically disappear with a situation where many people still believe in bitcoin, because we can't avoid anything related to big countries that are also familiar with bitcoin.

Ziskinberg

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Quote from: Gozie51 on March 10, 2022, 09:54:05 AM

Quote from: STT on March 08, 2022, 04:52:28 PM

Of course there is always a cycle of profit taking, a pullback is quite normal which is how I see BTC acting rather then particularly negative overall.

It is expected to happen during the time of war yes and more volatility is going to continue because this war isn't looking to stop soon, meaning there is going to be more panic created as the sanctions are announced and regulation news of bitcoin is still heard from different angles, the latest being UAE. But IMO whatever speculation is suppose to favour bitcoin because people are considering it as safe heaven.

This justification is what I agreed with, of course, when fiat weakens, people will find an alternative to save the value of their money that is losing in value, the number 1 good investment is gold, but we also have a digital gold which is bitcoin. The effect I believe is just temporary, I'm talking about the negative effect where people panic, but in the long run, they will realize to choose a safe haven for their money.

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Quote from: STT on March 08, 2022, 04:52:28 PM

Of course there is always a cycle of profit taking, a pullback is quite normal which is how I see BTC acting rather then particularly negative overall.

It is expected to happen during the time of war yes and more volatility is going to continue because this war isn't looking to stop soon, meaning there is going to be more panic created as the sanctions are announced and regulation news of bitcoin is still heard from different angles, the latest being UAE. But IMO whatever speculation is suppose to favour bitcoin because people are considering it as safe heaven.

STT

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BTC is seen as speculative so it will retract in the holdings of some traders during circumstances such as a war . Its also true that Dollar index reflects the highest levels for about 2 years, its nearly into the triple digits which is a higher level not usually seen over most recent years. Of course there is always a cycle of profit taking, a pullback is quite normal which is how I see BTC acting rather then particularly negative overall.

Silberman

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Quote from: Yaunfitda on March 07, 2022, 03:18:49 PM

There is a consensus right now that investors have withdraw their bitcoin assets then move to oil. Not sure if this is true though or if this is the main reason why the price is slumping right now to $37k. But for sure the unrest in Europe has really affected every market in the world in a bad way. So it's boils down as to how long this war will last, the longer it goes the more the price will go down in my opinion.

It makes sense that investors have moved to oil as it was a commodity that went up in value significantly after the war against Ukraine began, however for how long the prices of oil will remain high? After all even if the resistance the Ukrainian army and their citizens are giving is stronger than what it was anticipated we also know that it will be impossible for them to stop the Russian army for long, as they have superior armament and have air superiority over the Ukrainian army.

usekevin

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Quote from: marilynmanson21 on February 14, 2022, 10:17:26 AM

investors focus on the conflict between Russia and Ukraine that has the potential for a Third World War. In addition, there is speculation that the Fed will be hawkish in making the transition to tightening monetary policy, thereby reducing liquidity to the crypto market.

"That was before PBS reported that the United States believed that Russian leader Vladimir Putin had decided to attack Ukraine and had communicated the plan to the Russian military," Ibrahim said in a written statement on Monday, February 14, 2022.

is this the main problem with bitcoin's current decline?
Or is it just FUD about this war?

Source: my country's local news

The price of bitcoin was depend on the market situation.It also depends on the disaster, War Situation or Conflict with two nation. Use this situation to buy huge amount of bitcoin. Because we know the price of bitcoin was low now.It's not a permanent. It will be changed as soon as the war was ended. So if you are the new traders to cryptocurrency. It was sure, this is perfect time to inverse your money into bitcoin.

Yaunfitda

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Quote from: Silberman on March 05, 2022, 01:44:50 PM

Quote from: Jating on March 04, 2022, 08:24:38 AM

Quote from: Silberman on March 01, 2022, 04:16:26 PM

Quote from: mirakal on February 26, 2022, 11:58:02 AM

Bitcoin seems to be recovering already, it will soon hit $40k and we can conclude that the war between Russia and Ukraine does not have a serious effect on the crypto market. Based on what I observed in the past when there are global crisis, crypto is always the alternative for investors, so I think if this war gets worst, people would just decide to put their money into crypto for security as it's more stable than a struggling economy of a specific country.

It still surprises me to see how fast can bitcoin recover from all of these huge negative news that we see in the market, I still remember that after the covid19 finally became a pandemic there was a strong drop in the market and people were panicking, but then after some time the price recovered and we even saw a bull market, this shows how strong is the project created by satoshi, and how at this point it is pretty much unstoppable no matter how bad the news that we receive may seem at first.

It's a different market know, even if we have negative news, there are still investors who are wise enough and see bitcoin as a good instrument to put their money. Of course the biggest scare is the covid19 related news, but it seems it's over now, the world is getting back to normal although a threat of a war is here. Nevertheless, the market remains strong as the price didn't go on a downward spiral because of the war.

Without a doubt the market is way more mature now, however I think the war is going to delay somewhat the recovery we were expecting on watching, as the market participants are going to be very careful and will decide to not invest heavily in any kind of asset until the situation at Ukraine becomes clearer, after all while some are expecting that after Russia destroys the war potential of Ukraine everything could go back to normal I think it is entirely possible that Ukraine will lose its independence and could be annexed by Russia or it could become a puppet state.

There is a consensus right now that investors have withdraw their bitcoin assets then move to oil. Not sure if this is true though or if this is the main reason why the price is slumping right now to $37k. But for sure the unrest in Europe has really affected every market in the world in a bad way. So it's boils down as to how long this war will last, the longer it goes the more the price will go down in my opinion.

Silberman

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Quote from: Jating on March 04, 2022, 08:24:38 AM

Quote from: Silberman on March 01, 2022, 04:16:26 PM

Quote from: mirakal on February 26, 2022, 11:58:02 AM

Bitcoin seems to be recovering already, it will soon hit $40k and we can conclude that the war between Russia and Ukraine does not have a serious effect on the crypto market. Based on what I observed in the past when there are global crisis, crypto is always the alternative for investors, so I think if this war gets worst, people would just decide to put their money into crypto for security as it's more stable than a struggling economy of a specific country.

It still surprises me to see how fast can bitcoin recover from all of these huge negative news that we see in the market, I still remember that after the covid19 finally became a pandemic there was a strong drop in the market and people were panicking, but then after some time the price recovered and we even saw a bull market, this shows how strong is the project created by satoshi, and how at this point it is pretty much unstoppable no matter how bad the news that we receive may seem at first.

It's a different market know, even if we have negative news, there are still investors who are wise enough and see bitcoin as a good instrument to put their money. Of course the biggest scare is the covid19 related news, but it seems it's over now, the world is getting back to normal although a threat of a war is here. Nevertheless, the market remains strong as the price didn't go on a downward spiral because of the war.

Without a doubt the market is way more mature now, however I think the war is going to delay somewhat the recovery we were expecting on watching, as the market participants are going to be very careful and will decide to not invest heavily in any kind of asset until the situation at Ukraine becomes clearer, after all while some are expecting that after Russia destroys the war potential of Ukraine everything could go back to normal I think it is entirely possible that Ukraine will lose its independence and could be annexed by Russia or it could become a puppet state.

Jating

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Quote from: Silberman on March 01, 2022, 04:16:26 PM

Quote from: mirakal on February 26, 2022, 11:58:02 AM

Bitcoin seems to be recovering already, it will soon hit $40k and we can conclude that the war between Russia and Ukraine does not have a serious effect on the crypto market. Based on what I observed in the past when there are global crisis, crypto is always the alternative for investors, so I think if this war gets worst, people would just decide to put their money into crypto for security as it's more stable than a struggling economy of a specific country.

It still surprises me to see how fast can bitcoin recover from all of these huge negative news that we see in the market, I still remember that after the covid19 finally became a pandemic there was a strong drop in the market and people were panicking, but then after some time the price recovered and we even saw a bull market, this shows how strong is the project created by satoshi, and how at this point it is pretty much unstoppable no matter how bad the news that we receive may seem at first.

It's a different market know, even if we have negative news, there are still investors who are wise enough and see bitcoin as a good instrument to put their money. Of course the biggest scare is the covid19 related news, but it seems it's over now, the world is getting back to normal although a threat of a war is here. Nevertheless, the market remains strong as the price didn't go on a downward spiral because of the war.

Silberman

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Quote from: mirakal on February 26, 2022, 11:58:02 AM

Bitcoin seems to be recovering already, it will soon hit $40k and we can conclude that the war between Russia and Ukraine does not have a serious effect on the crypto market. Based on what I observed in the past when there are global crisis, crypto is always the alternative for investors, so I think if this war gets worst, people would just decide to put their money into crypto for security as it's more stable than a struggling economy of a specific country.

It still surprises me to see how fast can bitcoin recover from all of these huge negative news that we see in the market, I still remember that after the covid19 finally became a pandemic there was a strong drop in the market and people were panicking, but then after some time the price recovered and we even saw a bull market, this shows how strong is the project created by satoshi, and how at this point it is pretty much unstoppable no matter how bad the news that we receive may seem at first.

GreatArkansas

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Quote from: Scripture on February 27, 2022, 04:14:16 PM

(.....)
We’ve seen another price drop as the war continues, although there’s a rumor about the peace talk let’s see if this can affect the price of Bitcoin. Over the past days since the conflict started, Bitcoin are become more stable not until today and I don’t know if the peace talk is a negative news, but I think the trend will soon change for a better, let’s just hope that big countries wont restrict cryptocurrency especially with Russia since they can also use this for their transactions.

This is what I am looking forward to. For me, these Ukraine-Russia conflicts will only cause candlewicks on Bitcoin, as we already experienced these days. Very possible that it is only temporary.
Additional, people should also consider that it is not only happening on cryptocurrency market, there are also lot of assets are affected especially some of stock markets.

Scripture

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Quote from: STT on February 26, 2022, 03:23:35 PM

BTC is relatively stable right now just going sideways. The only pressure evident towards negative action would be the 2 day average which is just underlying prices now, if we continue without gains then we lose that measure. I think next week is more of a determiner then right now but eventually price action needs to see a gain to maintain momentum otherwise speculators sell expecting lower prices.
The peak price today was just touching the 50 day average overhead, so its a bit of a fight here. Breaking above this level we've kept for last few days is quite possible and should then show more obvious gains and positive action.

We’ve seen another price drop as the war continues, although there’s a rumor about the peace talk let’s see if this can affect the price of Bitcoin. Over the past days since the conflict started, Bitcoin are become more stable not until today and I don’t know if the peace talk is a negative news, but I think the trend will soon change for a better, let’s just hope that big countries wont restrict cryptocurrency especially with Russia since they can also use this for their transactions.

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Quote from: darewaller on February 27, 2022, 11:25:32 AM

Quote from: Mahanton on February 26, 2022, 03:57:40 PM

I dont see any worldwide conflicts and political problems etc. could always give out some impact most of the time on Bitcoin. Dropping 5-15% in price is just a typical or normal days we do have on this market
which we shouldnt really boggle up our minds when it comes to possible sentiments or fundamentals around but its not bad on having that consideration on making out some analysis out of those things.
For now we could just speculate but we couldnt make out some speculations about this one and lets hope that we would able to break 40k resistance soon.

Dropping 5% or less is definitely a regular day in crypto and not a news worthy thing. Dropping somewhere between 5% to 10% is not big deal but you could make a news about that for sure, and dropping anything above 10% is certainly a big news that you should share if you are a journalist or a newspaper. At the end of the day crypto is volatile but not that much, even though we have plenty of days with 10%+ drops in a single day, it is still max of 10-20 days in a whole year, which means that it is unique enough to turn into a news.

5% drop is like 100+ days, so it is like 1 in every 3 days, on average, and that is not news worthy but 1 in every 10+ even 20 days is a news worthy thing for sure.

I think the reason why they cover this in the news is that there is a war and they think the war has an effect on the crypto prices and if we notice in normal days where no wars, we rarely hear news about crypto even if the drop is heavier than this one right now. It's also possible that they are spreading a FUD to scare the people and to weaken the price more.

@Mahanton worldwide conflicts seem to be more serious than the current war that is happening right now because when we say worldwide, it means all the countries are involved in the issue, it could be wars or something. That would be the time when we can see massive dumps.

btc_angela

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Quote from: Mahanton on February 26, 2022, 03:57:40 PM

Quote from: Baofeng on February 26, 2022, 02:18:51 PM

Quote from: mirakal on February 26, 2022, 11:58:02 AM

Bitcoin seems to be recovering already, it will soon hit $40k and we can conclude that the war between Russia and Ukraine does not have a serious effect on the crypto market. Based on what I observed in the past when there are global crisis, crypto is always the alternative for investors, so I think if this war gets worst, people would just decide to put their money into crypto for security as it's more stable than a struggling economy of a specific country.

I thought that we are going to break $40k, because the price goes as high as $39,8xx. But it now over just along the line of $38k again. Nevertheless there is no negative impact on us, on the contrary we have green candles and hopefully it will continue up to the end of the year. Yes, it could be smart people have decided to put their money into crypto right now just to be on the safe side because of this conflict.

I dont see any worldwide conflicts and political problems etc. could always give out some impact most of the time on Bitcoin. Dropping 5-15% in price is just a typical or normal days we do have on this market
which we shouldnt really boggle up our minds when it comes to possible sentiments or fundamentals around but its not bad on having that consideration on making out some analysis out of those things.
For now we could just speculate but we couldnt make out some speculations about this one and lets hope that we would able to break 40k resistance soon.

We just really don't know yet, we still have the problems with the Covid and I would say that it has mad effect on the world for the last two years.

And then we have the silent war between US and China, sanctions and embargo. So there are a lot of conflicts around the world, that really affect the economics and politics. Even the turmoil in Kazakhs has a drastic impact on us because majority of the miners are in that country.

And it just shows that we are really connected, whether we like it or not.

ivankoh

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I suppose that war is only a small part of the scope variation that has the property value of the current state field. Although for the most part, the effects are different, it seems that market pressure is moving to prove this. It is implementing a feature center to monitor and determine the future market situation. The current bitcoin price is representative of a period of temporary consolidation and maintenance. I also doubt that the war will come to a good negotiating table this Monday but despite the opposite outcome, bitcoin is well-positioned by the remaining repair of the war and the impact it will have.

darewaller

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Quote from: Mahanton on February 26, 2022, 03:57:40 PM

I dont see any worldwide conflicts and political problems etc. could always give out some impact most of the time on Bitcoin. Dropping 5-15% in price is just a typical or normal days we do have on this market
which we shouldnt really boggle up our minds when it comes to possible sentiments or fundamentals around but its not bad on having that consideration on making out some analysis out of those things.
For now we could just speculate but we couldnt make out some speculations about this one and lets hope that we would able to break 40k resistance soon.

Dropping 5% or less is definitely a regular day in crypto and not a news worthy thing. Dropping somewhere between 5% to 10% is not big deal but you could make a news about that for sure, and dropping anything above 10% is certainly a big news that you should share if you are a journalist or a newspaper. At the end of the day crypto is volatile but not that much, even though we have plenty of days with 10%+ drops in a single day, it is still max of 10-20 days in a whole year, which means that it is unique enough to turn into a news.

5% drop is like 100+ days, so it is like 1 in every 3 days, on average, and that is not news worthy but 1 in every 10+ even 20 days is a news worthy thing for sure.

Mahanton

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Quote from: Baofeng on February 26, 2022, 02:18:51 PM

Quote from: mirakal on February 26, 2022, 11:58:02 AM

Bitcoin seems to be recovering already, it will soon hit $40k and we can conclude that the war between Russia and Ukraine does not have a serious effect on the crypto market. Based on what I observed in the past when there are global crisis, crypto is always the alternative for investors, so I think if this war gets worst, people would just decide to put their money into crypto for security as it's more stable than a struggling economy of a specific country.

I thought that we are going to break $40k, because the price goes as high as $39,8xx. But it now over just along the line of $38k again. Nevertheless there is no negative impact on us, on the contrary we have green candles and hopefully it will continue up to the end of the year. Yes, it could be smart people have decided to put their money into crypto right now just to be on the safe side because of this conflict.

I dont see any worldwide conflicts and political problems etc. could always give out some impact most of the time on Bitcoin. Dropping 5-15% in price is just a typical or normal days we do have on this market
which we shouldnt really boggle up our minds when it comes to possible sentiments or fundamentals around but its not bad on having that consideration on making out some analysis out of those things.
For now we could just speculate but we couldnt make out some speculations about this one and lets hope that we would able to break 40k resistance soon.

STT

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BTC is relatively stable right now just going sideways. The only pressure evident towards negative action would be the 2 day average which is just underlying prices now, if we continue without gains then we lose that measure. I think next week is more of a determiner then right now but eventually price action needs to see a gain to maintain momentum otherwise speculators sell expecting lower prices.
The peak price today was just touching the 50 day average overhead, so its a bit of a fight here. Breaking above this level we've kept for last few days is quite possible and should then show more obvious gains and positive action.

Baofeng

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Quote from: mirakal on February 26, 2022, 11:58:02 AM

Bitcoin seems to be recovering already, it will soon hit $40k and we can conclude that the war between Russia and Ukraine does not have a serious effect on the crypto market. Based on what I observed in the past when there are global crisis, crypto is always the alternative for investors, so I think if this war gets worst, people would just decide to put their money into crypto for security as it's more stable than a struggling economy of a specific country.

I thought that we are going to break $40k, because the price goes as high as $39,8xx. But it now over just along the line of $38k again. Nevertheless there is no negative impact on us, on the contrary we have green candles and hopefully it will continue up to the end of the year. Yes, it could be smart people have decided to put their money into crypto right now just to be on the safe side because of this conflict.

mirakal

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Bitcoin seems to be recovering already, it will soon hit $40k and we can conclude that the war between Russia and Ukraine does not have a serious effect on the crypto market. Based on what I observed in the past when there are global crisis, crypto is always the alternative for investors, so I think if this war gets worst, people would just decide to put their money into crypto for security as it's more stable than a struggling economy of a specific country.

Topic: Bitcoin Weakens at US$ 42,145.35 The Impact of Russia's Conflict with Ukraine (Read 572 times)