Bitcoin Weakens at US$ 42,145.35 The Impact of Russia's Conflict with Ukraine - page 2.

Silberman

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Quote from: mich on February 24, 2022, 03:26:03 AM

It’s difficult to say exactly what’s causing the price drop but it absolutely has to do with the state of the global economy. The spending by governments to keep their economies going has been astronomical and not sustainable.
The US for example is breaking records with their spending. Just be confident in a correction with BTC soon especially when others are looking for safer options for their reserves with the coming inflation.

While it is true that sometimes it is really difficult to know why the market is doing what it is doing, at the same time I think this is not the case here, the market is going down because of the war we are seeing at Ukraine and this means that as long as the war lasts then the market is not going to be able to grow much, and even if the war ends there are going to be economic repercussions that are going to be with us for a signification amount of time and that will hinder that growth.

arwin100

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Quote from: Natalim on February 24, 2022, 06:20:31 AM

Quote from: Oilacris on February 22, 2022, 07:58:05 PM

We do even have able to dip down on $38k once again.Possible reason? Nothing.
https://cointelegraph.com/news/bitcoin-price-dips-below-38k-as-crypto-sentiment-nears-extreme-fear
A very common or ordinary day that we do have in this market thats why we should be smart on when to get in.

It is likely the result of war, the price now is already $35k and I think this will continue to drop, however, I believe that all these are just temporary as crypto is not fully correlated to what is happening in a certain country. I can only see this as a panic reaction, but people will realize and they'll eventually reinvest.

Every scenario on crypto will always be temporary and peoples reaction towards this incident is just excessive since they always relate all things in crypto on what will happen in certain parts of the world and for sure once majority of investors which is not affected on the crisis happening in Ukraine and Russia will go back to buy bitcoins again for their personal good and its good to take position after the news subside since for sure this will be the accumulation time of the whales.

Natalim

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Quote from: Oilacris on February 22, 2022, 07:58:05 PM

We do even have able to dip down on $38k once again.Possible reason? Nothing.
https://cointelegraph.com/news/bitcoin-price-dips-below-38k-as-crypto-sentiment-nears-extreme-fear
A very common or ordinary day that we do have in this market thats why we should be smart on when to get in.

It is likely the result of war, the price now is already $35k and I think this will continue to drop, however, I believe that all these are just temporary as crypto is not fully correlated to what is happening in a certain country. I can only see this as a panic reaction, but people will realize and they'll eventually reinvest.

mich

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It’s difficult to say exactly what’s causing the price drop but it absolutely has to do with the state of the global economy. The spending by governments to keep their economies going has been astronomical and not sustainable.
The US for example is breaking records with their spending. Just be confident in a correction with BTC soon especially when others are looking for safer options for their reserves with the coming inflation.

Oilacris

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We do even have able to dip down on $38k once again.Possible reason? Nothing.
https://cointelegraph.com/news/bitcoin-price-dips-below-38k-as-crypto-sentiment-nears-extreme-fear
A very common or ordinary day that we do have in this market thats why we should be smart on when to get in.

Silberman

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Quote from: cryptomaniac_xxx on February 20, 2022, 04:59:57 AM

And the retracement continues, as I have said, the $40k levels might not hold and this is what we are witnessing this weekend. Although is it supposedly a slow trade, nevertheless with the looming war and other negative news, the price is now at $38k and I'm not surprised that we might see it going down when the market is full blown on Monday. So if you don't like what you are seeing, better get out, and for those who want to take advantage, buy bitcoin at a discount.

At this point it seems that things are not going to improve anytime soon, Russia has recognized two separatist regions in Ukraine, so without a doubt this is going to play against any possibility of a peaceful resolution to this conflict, bringing even more instability and volatility to all the markets around the world, affecting bitcoin in the process as well, personally I would like for a peaceful resolution of this conflict but with each passing day that possibility seems more and more remote.

RealMalatesta

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Quote from: cryptomaniac_xxx on February 20, 2022, 04:59:57 AM

And the retracement continues, as I have said, the $40k levels might not hold and this is what we are witnessing this weekend. Although is it supposedly a slow trade, nevertheless with the looming war and other negative news, the price is now at $38k and I'm not surprised that we might see it going down when the market is full blown on Monday. So if you don't like what you are seeing, better get out, and for those who want to take advantage, buy bitcoin at a discount.

It is fine that it didn't held too strongly so that we could spend that money to start going back up when the time comes instead of spending that money to keep it above 40k and fail anyway. This way there are still a ton of USDT and other stablecoins all ready to buy in as soon as it stops going down.

I do not know when it will stop but we are doing fine, I mean bitcoin basically showed the world that it could be 45k+ in a week if it wants to and that means that we are going to end up being better. I believe that buying from these prices means that there is a 90%+ chance that you could make a profit before March ends and I am quite happy about the potential of it.

cryptomaniac_xxx

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And the retracement continues, as I have said, the $40k levels might not hold and this is what we are witnessing this weekend. Although is it supposedly a slow trade, nevertheless with the looming war and other negative news, the price is now at $38k and I'm not surprised that we might see it going down when the market is full blown on Monday. So if you don't like what you are seeing, better get out, and for those who want to take advantage, buy bitcoin at a discount.

GeorgeJohn

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Quote from: glendall on February 14, 2022, 11:09:06 AM

there are no bored news hunters looking for loopholes to lower the price of bitcoin, sometimes I get confused what is the purpose behind all this, is there a role for the pope in this because he wants to buy more BTC and other coins

Is obvious that from the beginning Bitcoin price always fluctuates, so those news can only make Bitcoin to retrace just with some intervals, saying why they introduce false news is because they want to purchase Bitcoin at lower rate, it might be positive from your observations, but i don't the fluctuations of bitcoin price duly reply on someone or set of py interest of purchasing Bitcoin at down price

STT

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The biggest reason for retraction in the price can be seen on the chart. The highest prices recently have been meeting the lows for daily prices in December. This matters as it relates to volume of trades with each trade a potential seller of BTC held with a bearish sentiment or requirement to repay leverage bills, etc. This normal speculative flow in price action as prior volume is often a marker to boundaries in various trend, old volume now represents greater supply to the bids in the market.
We can label this as the war or the FED but also its natural for the market to soak up and slow down during the time it encounters old trades. The lows now are where we best judge how strong price action is, I think 39.5k was where I observed a good support to hold now.

Lucius

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Quote from: stompix on February 17, 2022, 07:54:50 PM

Yeah, all the troops are retreating, but they are doing it west of Moscow.
But we can blame it on those GLONASS satellites, they always have a habit of sending Russian troops to the wrong places, one could think that after they launch they could stop mistaking Budapest or Prague for Tomsk and Volvogrand but seems like this is not the case.

An interesting analysis, a bit tragicomic in this whole situation where the main role is not actually played by Russia and Ukraine, but by the same ones who have been starting every serious war since the end of World War II. All this reminds me a little of the situation on the Saudi Arabian/Iraqi border, when the US claimed that there were hundreds of thousands of Iraqi soldiers ready to attack the SA, which they used, among other lies, for a military invasion.

It is amazing how so-called diplomacy is actually adding fuel to the fire instead of trying to put it out. We need peace and stabilization after 2 years of these insane measures that now result in inflation that will hit us hard in the coming months.

Silberman

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Quote from: mia_houston on February 15, 2022, 07:08:54 AM

Quote from: adaseb on February 14, 2022, 09:52:43 PM

Basically every day there is some news report out, about the two controls and starts a massive sell off in the stock market and then into the crypto market.

Seems that news agencies are getting paid to publish certain news and it ends up causing lots of panic for perhaps nothing. Today they said that Russia would attack on Wednesday however why would they give an exact date, doesn’t make much sense for me. Either way for short term trading it’s important because it can mess up your trades if you are in the wrong direction.

The issue of conflict that continues to be blown by the media media makes the situation even more heated today, I'm a little surprised why the media seems to be exaggerating the existing conflicts as if a war is about to happen, as you said if even the media knew the exact date the war would start soon and wouldn't does it actually cause tremendous panic for the world community, especially Ukraine and Russia?
I think that right now the media has become a provocateur by continuing to spread news that does not have an accurate source of truth and actually exacerbates the existing situation.

While the media can be blamed for a lot of things I do not think we can blame them exclusively for this, according to what I read the rumor that the invasion of Ukraine was going to begin on Wednesday came from the US government, obviously the media ran with the news and spread FUD like no tomorrow but what else could they do? After all the government was the one spreading this information so it is obvious they took advantage of it, and this had a negative impact on the population and the markets as well.

coolcoinz

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Quote from: Webetcoins on February 16, 2022, 01:44:36 PM

Why is it that anytime there is the slightest decrease in price that people would always try to look for something that they believe would have led to that decrease?

Because we need to understand things. This is in our nature. That's why people try to comfort each other with religious beliefs. They don't want their loved ones to go into nothing and disappear after death. They prefer to believe they are somewhere out there waiting to meet each other again.

When the price falls most of us want to know if there's a fundamental flaw or if maybe bitcoin was banned somewhere. If not then we can safely move on because traders selling in panic for no reason is just another day for bitcoin.

Quote

So, now that it has just dropped slightly, what is making people look for explanations about it and stressing themselves unnecessarily? It just doesn’t make any sense at all. Some people are just fond of this, whenever there is a dip in the price of Bitcoin, they would just be looking for explanations that doesn’t really worth it at all.

It's a matter of putting your mind at ease. I'm very confident in Bitcoin but when I see a 10% dip I often google news sites to see what's up. It makes me feel better.

darewaller

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It dropped even further but I do not think that it would matter too much. First of all if this is all about Ukraine then we are getting the reverse action as well where Ukraine is allowing bitcoin to be federally accepted. It means that they are not really that much of a problem, I believe that there is nothing that could be a big deal when you have something as big as allowing a whole nation to use it, even a war doesn't change it, hell it even makes it better for crypto since Ukrainians will want to keep their crypto instead of fiat since their fiat may devalue if there is a war.

However, I believe there won't be a war as well, Russia just made a show of force and they just gave a message to the people who needed to hear it, that's it.

Ararbermas

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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.

well in my personal opinion they're not the only one that using crypto currency on this world so i don't think because of that reason they can make a massive impact in the crypto market.. Infact crypto is a decentralized and its working through internet why we need to worry about such things? And for sure there's always a way for that. Just saying mate. Cheesy

Baofeng

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Quote from: JohnBitCo on February 17, 2022, 11:28:34 PM

Quote from: perfect999 on February 15, 2022, 03:04:54 AM

Quote from: hatshepsut93 on February 14, 2022, 01:24:15 PM

Just because two events happen at the same time, doesn't mean they are connected. It's especially true for BTC, lots of things happen in the world every day, you can't just take whatever is the most popular in the news and say that it causes BTC price change.

And how about a simple explanation - BTC dropped a bit because it had a big upside movement before that, so it was a time for correction after the rocket ran out of fuel.

It has become the normal thing with people. It’s not like the price wouldn’t drop if there wasn’t any conflict between Russia and Ukraine, but since this event has taken place a lot of people are now using it to say that it is the reason why the price of Bitcoin has dropped, while in the actual sense it doesn’t even have anything to do with that at all.

The market has been bearish and facing serious correction, and has gone down from its all time high price to as low as it did earlier this year, a lot of people didn’t see that and they couldn’t even figure out a reason why, but now they are saying that there is a conflict between two countries and they are trying to attach the little decrease that you have seen today to that.

I am still bullish on Bitcoin and won't take this as a bear market. Even if we see sharp decline in bitcoin prices in case the war happens , the dump will be sharp and recover quickly.
Think that if there is no war, the prices will recover fast.

I'm not going to argue with that, but if you can see, even before the looming war, the price has been in the decline since December. Yeah, we have a bit of recovery to $44k-$45k, but it didn't sustain that run and now because of the sad news, the price goes down again. So taking that into consideration, the price could still in a downward spiral and still be in the $40k'ish or even lower, in my opinion.

JohnBitCo

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Quote from: perfect999 on February 15, 2022, 03:04:54 AM

Quote from: hatshepsut93 on February 14, 2022, 01:24:15 PM

Just because two events happen at the same time, doesn't mean they are connected. It's especially true for BTC, lots of things happen in the world every day, you can't just take whatever is the most popular in the news and say that it causes BTC price change.

And how about a simple explanation - BTC dropped a bit because it had a big upside movement before that, so it was a time for correction after the rocket ran out of fuel.

It has become the normal thing with people. It’s not like the price wouldn’t drop if there wasn’t any conflict between Russia and Ukraine, but since this event has taken place a lot of people are now using it to say that it is the reason why the price of Bitcoin has dropped, while in the actual sense it doesn’t even have anything to do with that at all.

The market has been bearish and facing serious correction, and has gone down from its all time high price to as low as it did earlier this year, a lot of people didn’t see that and they couldn’t even figure out a reason why, but now they are saying that there is a conflict between two countries and they are trying to attach the little decrease that you have seen today to that.

I am still bullish on Bitcoin and won't take this as a bear market. Even if we see sharp decline in bitcoin prices in case the war happens , the dump will be sharp and recover quickly.
Think that if there is no war, the prices will recover fast.

stompix

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Quote from: Fundamentals Of on February 16, 2022, 09:09:36 PM

I'm confused how people are analyzing Bitcoin's price in relation to political, security, or geopolitical events in the world. I don't see any significant relationship. I am not seeing Bitcoin showing any weakness today, much less one which is caused by Russia's conflict with Ukraine.

We just touched 40112, 7% down from yesterday.
A conflict is not good for anything, be it stocks or bitcoin, it means lost jobs, lost lives lost money, and if in this special contest it will trigger higher fuel prices it will lead to more inflation and lower purchasing power.
So, with what money could more people buy more coins?

Quote from: Lucius on February 17, 2022, 10:29:55 AM

Biden said the Russian attack was supposed to start yesterday, and it so happened that the Russian army (at least in part) began to withdraw from the Russian-Ukrainian border - and who now in the whole story turned out to be a stupid, senile old man who can't remember what he had for breakfast Roll Eyes

Yeah, all the troops are retreating, but they are doing it west of Moscow.
But we can blame it on those GLONASS satellites, they always have a habit of sending Russian troops to the wrong places, one could think that after they launch they could stop mistaking Budapest or Prague for Tomsk and Volvogrand but seems like this is not the case.

7788bitcoin

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Quote from: Webetcoins on February 16, 2022, 01:44:36 PM

So, now that it has just dropped slightly, what is making people look for explanations about it and stressing themselves unnecessarily? It just doesn’t make any sense at all. Some people are just fond of this, whenever there is a dip in the price of Bitcoin, they would just be looking for explanations that doesn’t really worth it at all.

That is the fun aspect of the cryptocurrency space or in stock market, if there is any rapid change in valuation, they will come up with a reason on why that happened which means adding a narrative to the change in price. Basically the huge investors are booking their profit but to have a tag on why that happened always make me laugh.

I have read somewhere that the looming Russia Ukraine conflict is the reason the price recovered so fast because everyone is trying to hold a decentralized currency during war times and now the same is said when the market goes down Cheesy

.

Lucius

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Biden said the Russian attack was supposed to start yesterday, and it so happened that the Russian army (at least in part) began to withdraw from the Russian-Ukrainian border - and who now in the whole story turned out to be a stupid, senile old man who can't remember what he had for breakfast Roll Eyes

Although we should not rule out the possibility that a possible war has caused some uncertainty in the markets, I still think that a much bigger factor in the poor financial start of the year is the fact that we have been in a very specific situation for 2 years. If someone thinks that governments have just given money to ordinary people and the economy, they are grossly mistaken, because someone needs to give it all back - and it will certainly not be banks and big companies, and certainly not politicians.

Happy year of inflation, tighten your belts, and keep your private keys Wink

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