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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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Blackjack.fun

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

Oshosondy

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Gamble responsibly

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.

____________________________________________________________________

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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Activity: 1694

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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.

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

legendary

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Crypto Swap Exchange

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

legendary

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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

legendary

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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

Upgrade00

legendary

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Playgram - The Telegram Casino

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

hero member

Activity: 1260

Merit: 510

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

legendary

Activity: 4410

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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

hero member

Activity: 1260

Merit: 510

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 (Read 572 times)