Bitcoin Weakens at US$ 42,145.35 The Impact of Russia's Conflict with Ukraine - page 4.

TheNineClub

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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

It's definitely not the main issue, it's just A issue. The market responds to numerous factors that all add up, and we also need to take into consideration that the crypto market was predicted to have a downward trajectory around this time. So I wouldn't point the finger on any one thing. Would an all-out war have an impact on all finances not just crypto, yes it would, but we, fortunately, haven't come to that.

Oshosondy

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

is this the main problem with bitcoin's current decline?

I do not think this is the reason why bitcoin price is decreasing, if we use 2017 and previous years before 2017 to compare what is happening now, it is possible this year is not going to be bullish and likely it will be bearish. There can be bull run and bear market but likely no ATH until next halving.

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

Or is it just FUD about this war?

World war can have negative effect on bitcoin price and disrupt the whole crypto market but this is not world war yet and no war is even happening for now. Vladimir Putin said he has no intention to invade Ukraine but what he is doing can lead to world war as it will start from someone. World war can affect crypto price and we do not want that, but for now the price of bitcoin is just affected by some bears in the market.

swogerino

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I don't know if that is related to this.What I know is that two weeks before the Russian central bank wanted to find a way to completely ban Bitcoin and cryptocurrencies.This last Friday or Thursday they come up with a plan to find how to greatly regulate cryptos,of course after Putin just made a "suggestion" about this.Bitcoin price of course has nothing to do with that,it is normal price correction after a surge.

A lot happens in the world and if you read coinmarketcap news at the phone app you see that they bring up news for different things that happen about Bitcoin but the price is not affected.In the long term I am a firm believer the price will only go up.

hatshepsut93

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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.

seoincorporation

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A war should take the price up because people of the countries in conflict would buy bitcoins to avoid losing their money, but if we see right now the market cap is $1.78T which means it has dropped 5.6% in the last 24h. This means people are selling bitcoin and it's just a normal day for bitcoin.

The Conflict is virtual, the USA keeps posting fake news about a Russian attack but is only a political move, there is not a war yet. But if a war starts soon get ready to see some crazy moves on the markets while Bitcoin goes to the moon.

DaveF

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You have a bunch of people saying that due to tensions between Russia & Ukraine that it's causing a BTC price drop.
You have another bunch of people saying that due to tensions between Russia & Ukraine that it's causing a BTC price gain due to Russia using BTC as a hedge against possible sanctions.
The truth is there are 1000s of different influences on the price in play at the moment and they all move the price a bit.

How about a big price drop since the Rams won the Super Bowl yesterday, BTC dropped today because a lot of people had to sell their crypto to cover their betting losses.

-Dave

amishmanish

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Ukraine and its capital region Kyiv has historical ties with Russia going back to several centuries. It has always been much closer to Russia than the west. The West has continued its transgressions after the collapse of USSR. Yet, they have forgotten that the Russians aren't a people who will take things that hurt their pride just lying down. Its the same people who stopped the German war machine in WW-II.

Aside from that little historical perspective of the conflict in Ukraine, I don't know what can be said about its impact on Bitcoin's price. These days, it seems that near about everything impacts Bitcoin's price. Negative news, more so. Anything related to a breaking out of hostilities will dump the price across all markets. The impact on Bitcoin will be a lot more but shouldn't be a surprise.

DOH!

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Perhaps the best thing about Valentine's Day is reading the great news that Intel has announced a new 1000x power efficient chip that will help minimize the corners that can potentially cause mining power traps. … Stop simulating geopolitics interviews for peace will be the end. It will be

glendall

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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

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

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

Exactly!
The public constantly discuss how volatile bitcoin's price is and then act surprised when it actually fluctuates in value.
Not every real world situation is actually related to the price of bitcoin, it is just the market doing what the market does.

marilynmanson21

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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'

ok thank you, it turns out that fud is very cruel compared to the up and down market with a relaxed rhythm

franky1

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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'

marilynmanson21

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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

Topic: Bitcoin Weakens at US$ 42,145.35 The Impact of Russia's Conflict with Ukraine - page 4. (Read 594 times)