Bitcoin Weakens at US$ 42,145.35 The Impact of Russia's Conflict with Ukraine - page 3.

Oshosondy

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Quote from: cheezcarls on February 14, 2022, 03:12:29 PM

There are many factors that would led to BTC's downtrend these days. You might think that this has something to do with the rising tensions of Ukraine and Russia that might escalate into a war, but we are not sure if this is the case. We don't know the real reason, but I kinda agree that part of the price's impact base on how we respond to these bad news coming from around the corner.

I am definitely sure this is not the reason, if it is the reason, many people would have sold their coin and the price of bitcoin supposed to have gone more down than this, even I will expect the price to be low more than $30000. The real reason to me is that this time is not favoring bitcoin even just like in the past, people are thinking it is not time to buy more bitcoin.

If war breaks out and escalating to third world war, then let us expect with abrupt increase or decrease in bitcoin price. I go for increase because I think some people can buy bitcoin because they will not want to depend on fiat during the time. I choose decrease because some people can panic and sold their coins. This is new to us and I do not wish anything like war.

evilgreed

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Then after Vladimir Putin announced that they are always open for conversations, the price mellowed down and didn't crash and as soon as he announced that he is backing off or something like that, the price recovered well and had a good pump. Had already set long positions on 43k level and currently waiting for it to be filled. I am expecting 45k, then straight up to 49k and if the times are good, may even touch 50k and beyond. Either way, this just shows how sensitive bitcoin still is with good and bad news. Although the prople know better, some capitalize on the fud to make profit which causes panic and then turns into a domino effect.

Edit : there actually is a bear div. We MAY, retest 41k.

Fundamentals Of

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To a certain extent, yes, there is that connection. But minimally to none at all in terms of Bitcoin's price. In terms of foreign policies and international relations, trade, global deals, UN votes, security partnerships among and between countries, foreign grants and loans, international investments, etc, political turmoil in one region could heavily affect another. But as to the day to day rise and fall of Bitcoin's price? I don't think so, unless it involves the whole wide world and every single person.

TravelMug

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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.

Perhaps it's because the world is really connected, that's why when there is some political turmoil in the other side of the world, the other side is affected as well.

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

Bitcoin's current decline is just a small correction. It doesn't have anything to do with the Russia-Ukraine conflict. The price will get back to try break $45,000 once again.

There is no war. There'll probably be none in the near future.

The good news is that the war is not going to happen, and that's why the price is hovering above $44k and we might try to break the big barrier of $45 again. So we will see how this week will pan out and hopefully we will end again in a green candle.

Fundamentals Of

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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.

Bitcoin's current decline is just a small correction. It doesn't have anything to do with the Russia-Ukraine conflict. The price will get back to try break $45,000 once again.

There is no war. There'll probably be none in the near future.

Chato1977

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This event has been used to spread FUD inside crypto market , because while Russia is a big supporter of crypto yet the world is not that affected from this conflict as this is some kind of claim and not just a invasion .

But of course some will be taken out their funds from crypto because of this? but also some will enter to take the advantages .

Reatim

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But Russian Government announced their force starting to move out from Near Ukraine territory right? or that is another fake news ? though NATO denied that fact and mentioned that Russian forces is still in position in attacking Ukraine .

this will be a Big evasion and a most controversial news in the world that will surely effect all economic part of the world and of course crypto market .

kotajikikox

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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

This has been going on since last year so if you are truly considering this then you may have been wrong mate.

this is the situation in which we consider as FUD so stop the boost on this and focus to what is really the situation about the currency dumping this early year and for me? this is normal as we have experience so much High pump last year.

STT

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BTC is in a range, back and forth. Every day it might show a green or red candle but ultimately we are moving sideways resolving prices and prior volume, sometimes there is more sellers and other days more optimism but I wont blame the fear of war especially. If its not Russia, next month it can be China or Iran who want to move their armies on neighbors overly or covertly to disrupt lives and business for their control.
My overall take of recent action since the low for the year is positive. We are still above a weekly average (blue line 4hr bars) and more importantly for the medium term look we effectively rising above the 50 day average. Its an ongoing challenged climb but I see positive movement especially amidst war moves

Webetcoins

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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? This is not even the first time that the price is going down, before now the price has even gone down more than what you have seen now, and it went down to around $30,000 before going back up to over $40,000.

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.

mia_houston

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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.

ultrloa

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Quote from: bitterguy28 on February 14, 2022, 10:14:43 PM

Quote from: franky1 on February 14, 2022, 10:26:02 AM

any time there is a 5% change.. silly people try to find a news worthy explanation for it..

sorry but its not related to the ukraine/russia stuff.

its just standard market karate kid stuff.. markets go 'upp, down, up down, up down'

Best reply from all , this boost our belief in bitcoin that it wasn't really affected of the said incoming war from Russia and Ukraine but instead this is a Normal situation that the market is facing.

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Lets reduce listening to FUD guys and try to find news that really evaluate the real situation and not just some news that obviously being funded by people who wanted the market dumped .

If we look at the situation more deeply we can say that its really irrelevant to relate the war to bitcoins because there are so many country who use it already and Bitcoin transaction will never stop by current happening in Russia. Manipulators just use it to scare people and yet they are successful. Maybe its good for people to look deeply and don't be scare on the news they use since as long as the internet work fine around the world we can say that bitcoin still great.

perfect999

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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.

bitterguy28

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Quote from: franky1 on February 14, 2022, 10:26:02 AM

any time there is a 5% change.. silly people try to find a news worthy explanation for it..

sorry but its not related to the ukraine/russia stuff.

its just standard market karate kid stuff.. markets go 'upp, down, up down, up down'

Best reply from all , this boost our belief in bitcoin that it wasn't really affected of the said incoming war from Russia and Ukraine but instead this is a Normal situation that the market is facing.

____________________________________________________________________

Lets reduce listening to FUD guys and try to find news that really evaluate the real situation and not just some news that obviously being funded by people who wanted the market dumped .

adaseb

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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.

Fortify

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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

A few weeks ago Bitcoin was priced at sub-$35k, it is fluctuating constantly and trying to associate it with specific events is rather pointless nowadays. In times of crisis gold was a traditional "flight to safety" and Bitcoin rivals it in functionality, so we should expect the price to go up if anything. A small retracement on it's way back up is a way for certain holders to take small chunks of profit, it's a pullback if we compare to stock market terminology and is often even manipulated by the whales to shake out people if they had plans to buy up more. If you're using leverage then small swings back like that can easily wipe you out, so it's better to have these small corrections occasionally so people don't get too greedy, or at least their greed is fairly contained.

btc_angela

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I know that there is a impending war, but calling out a potential WW3? that's absurd to be honest. I think the price of bitcoin is still holding strong despite this news. We are still above $40k, but in any case there will be an effect on the market price, I doubt that it will be long lasting. On the contrary, we might see some push if the wealthy Russians and or Ukrainians will hedge their money on BTC.

cheezcarls

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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

There are many factors that would led to BTC's downtrend these days. You might think that this has something to do with the rising tensions of Ukraine and Russia that might escalate into a war, but we are not sure if this is the case. We don't know the real reason, but I kinda agree that part of the price's impact base on how we respond to these bad news coming from around the corner.

royalfestus

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Russia takes the top countries in bitcoin mining and just made favourable regulation for citizens in the trade. However, a first world country like Russia involving in war will have impact in the world economy, starting from crude oil to other trade product. On the contrary to Covid, destruction of properties and fear of the outcome could put the high population of crypto earners into positioning largely into the space to protect there wealth. The sentiment at the moment may only tend traders to more stable coin than volatile

Anasberna

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In my personal opinion, if news like this happens frequently, it all comes back to each individual whether to believe it or not. Because yesterday's news about hackers on Bitfinex also caused panic, but the market is still stable. The point is we don't panic as much as possible and be consistent with the trading plan or investment that we have planned so far.

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