Crypto in war ukraine and russia - page 4.

aioc

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Quote from: mey466 on March 03, 2022, 11:22:58 AM

What is the impact of the current Ukraine and Russia war on Crypto? With so many sanctions being launched against Russia, it could have a huge impact on the economies of both countries and possibly other countries as well. I have read before that there are Ukraine who accept donations via crypto and there is news of a ban on freezing Russia user accounts. I hope the war ends soon, peace is beautiful

There's no negative impact at all in fact Ukrainian's decision to ask for donations in Crypto gives positive feedback directly promoting the use of Cryptocurrency even if you are not aware of your existence you will do research to donate Crypto to Ukrainian, the economies of both countries will be in ruin but the huge damage is on Ukraine, the Russian will feel the isolation in the coming months because of the boycott, I have this feeling that this war will drag on for several months.

Eternad

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Ongoing tensions between Russia and Ukraine have not only impacted the economies of both countries, but this uncertainty has also impacted the stock market and the recent crypto market correction and moreover now the Ukrainian government is also requesting that centralized crypto exchanges like Binance to block users who comes from Russia, so I think this FUD issued by the Ukraine government will indirectly make the market panic.

Since crypto not yet ban in both countries some says that this is the reason of the recent hike in price since banks sanctions are already happening in Russia and Russian are using crypto now to do transactions. Though we see how price of bitcoin continuously decline when the war started and just this sanction news it somehow recovers. Once Binance ban or freeze Russian account we can see how will effect the market again. For now crypto were not that much affected but sure the investors who are living in these countries are already affected maybe sold some of their investment for cash.

Javi_Anibarro

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Quote from: tarable on March 04, 2022, 03:06:43 AM

The impact that will occur due to the Ukraine and Russia war on crypto in my opinion is the weakening of the world economy. when the world economy weakens, it will have an impact on the development of crypto. almost all markets experience a downturn and chaotic situation.
no war can have a good impact, especially on a very central sector of the economy.
stop war.

War brings destruction to the economy especially real life assets such as cars, houses, etc.
But from what we are looking at right now, instead of getting affected crypto starts to recover it might be due to the fact people realize they can safely protect their assets from the war by keeping it live in form of a digital asset. It is my assumption after seeing what happened with the market after the aggression happened and I might be wrong.
Despite that, let's just hope this war ends because nothing good will come out of it.

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Quote from: mey466 on March 03, 2022, 11:22:58 AM

What is the impact of the current Ukraine and Russia war on Crypto? With so many sanctions being launched against Russia, it could have a huge impact on the economies of both countries and possibly other countries as well. I have read before that there are Ukraine who accept donations via crypto and there is news of a ban on freezing Russia user accounts. I hope the war ends soon, peace is beautiful

I fear that tensions between the Russia-Ukraine war will continue without knowing when the war will end and many expert opinions will trigger the impact of a world war, hopefully it never happens. The impact on crypto was evident at the start of the special military operations announcement, but now the recovery is more dominant than the previous market crash. When Ukraine announces recipients of donations via crypto there is a possibility that the great whale will pump up prices to increase the balance of donations.

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Quote from: mey466 on March 03, 2022, 11:22:58 AM

What is the impact of the current Ukraine and Russia war on Crypto? With so many sanctions being launched against Russia, it could have a huge impact on the economies of both countries and possibly other countries as well. I have read before that there are Ukraine who accept donations via crypto and there is news of a ban on freezing Russia user accounts. I hope the war ends soon, peace is beautiful

Huge impact of course. Almost all ukranians are probably in fear with their lives and considered already that they are loss a lot on this war since they left their home just to be safe. Imagine the asset they forfeit just for the sake of the Russian invasion safety. Yes they could have put some on crypto to stabilize their asset but not all probably are known crypto anf most likely rely on business instead. Russia on the other hand experiencing now thr sanction badly as rubles continously going down. Now Putin will realize his grave mistake sooner or later.

tarable

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The impact that will occur due to the Ukraine and Russia war on crypto in my opinion is the weakening of the world economy. when the world economy weakens, it will have an impact on the development of crypto. almost all markets experience a downturn and chaotic situation.
no war can have a good impact, especially on a very central sector of the economy.
stop war.

Accardo

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Quote from: JeffBrad12 on March 03, 2022, 12:24:00 PM

Just wanna know how long this country will try to attack ukraine.

The duration of this war depends on how long it takes President Putin to destabilize the military department of Ukraine which have been his first intention why he invaded the country. I wish that Putin withdraws now that it's still early before Russia will face a bigger damage in her economy.

awik p

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To some extent the war between the two countries had a psychological impact on cryptocurrencies, currently Binance has distributed donations to Ukraine as a form of humanity towards its miserable people. although now the price is starting to rise again, but we need to be careful of a bulltrap that might occur

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Quote from: mey466 on March 03, 2022, 11:22:58 AM

What is the impact of the current Ukraine and Russia war on Crypto? With so many sanctions being launched against Russia, it could have a huge impact on the economies of both countries and possibly other countries as well. I have read before that there are Ukraine who accept donations via crypto and there is news of a ban on freezing Russia user accounts. I hope the war ends soon, peace is beautiful

The real impact for the time being is quite good for cryptocurrencies because with the war going on financial flows are very difficult to transact so they have to use cryptocurrencies, and it makes some big coins like bitcoin go up to 10%.
However, from my personal point of view this is only temporary, before the war happened we were in a bear market, even with this war it also became vulnerable to be an attack on the price of bitcoin itself.
When pressed into war I worry that they can use anything, what if the donations that Ukraine received directly without an audit were used to attack Russia, while the Ukrainian people currently need emergency money to keep them there.
What's even more confusing to me, is that instead of channeling the cryptocurrency received from donations to Ukrainian citizens, they actually plan to create an NFT, which at the moment I'm also confused about what the benefits are for people who I think need it more. Source

ancafe

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yes, I also hope that the war ends soon, it does a lot of damage.
however, because of the crisis and the blocking carried out by high-ranking state officials against Russia, this is where crypto plays a role. many people support one of the two countries. crypto can be a solution so that they don't get an economic crisis. in addition, crypto transactions can also be decentralized, so people can make transactions safely and quickly. however, crypto's role in this could be positive. well, people are donating crypto to prevent anything worse from happening there.

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Don't you see how the price of bitcoin and whole of crypto gone down so hard when there was a news about the war between ukraine and rusia? that means if the war was creating so many fear and there will be possibility for this to trigger another world war 3. This will be making people to prepare themselves from the war that will be happening with so many countries against one to the each other.
The impact was so big. So many companies are stopping their operation and this was making so many people become jobless and you know what i mean if this is also decreasing the economic.
The market was not stable right now and it seems like that this time crypto is facing another fear again.

ardydyon

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The impact of this war was far-reaching. almost all sectors will get the effect of this war.
the crypto market is certainly experiencing the impact of the war that is happening. we'll see at the beginning of the war all
coins in crypto experienced a very significant decline. I hope that this war ends, there is nothing more beautiful than peace.

mrongoz_imut

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Ukraine government open donation by accepting payment using cryptocurrency but on other side he ask to all exchange to banned Russia IP or member from using cryptocurrency, not brilliant ideas from Ukraine president how to faced with war Russia invasion, he not looking for solve way how to stop war and take care with donation by using cryptocurrency but he want to make FUD by asking several exchange platform to banned Russian cryptocurrency member. I think not any impact although how long war between Russian and Ukraine for cryptocurrency because both country is not really popular with crypto.

Yogee

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Quote from: mey466 on March 03, 2022, 11:22:58 AM

.... With so many sanctions being launched against Russia, it could have a huge impact on the economies of both countries and possibly other countries as well.

It's not "could have" since it's already happening. You could see how Russia is retaliating against countries like Germany.

The effect of this ongoing conflict on crypto has been positive so far. Both countries have become friendly to cryptocurrencies prior to the attack. Russians probably converting their assets to BTC to avoid freezing while Ukraine accepting dknations without third party interference.

kotwica666

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Quote from: mey466 on March 03, 2022, 11:22:58 AM

*SNIP*

It is true that Ukraine accepts donations in cryptocurrencies.
It is also true that some cryptocurrency exchanges want to block accounts of users from Russia.
The war between Russia and Ukraine is a very terrible thing and leads to a very big economic crisis in both countries. Markets around the world will surely also feel this destabilization. Despite the fact that there are voices that this situation may increase interest in cryptocurrencies, I can agree with it, but only in the long term. In my opinion, in the near future, all financial markets, including the cryptocurrency market, will react very negatively to this war.

Kavelj22

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The start of the war was similtiniously to a huge drop for the cryptocurrencies prices. Investors were about to change their savings to gold and few other precious metals.
After 8 days of war, cryptocurrencies recovered its position as a precious option for both Ukraine after the invasion and Russia after the economic sanctions.
Even yet limited roles, but good for the future.

jossiel

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Quote from: mey466 on March 03, 2022, 11:22:58 AM

What is the impact of the current Ukraine and Russia war on Crypto?

It had made bitcoin pump within seconds and add thousands to its price and billions to its market cap.

Quote from: mey466 on March 03, 2022, 11:22:58 AM

With so many sanctions being launched against Russia, it could have a huge impact on the economies of both countries and possibly other countries as well. I have read before that there are Ukraine who accept donations via crypto and there is news of a ban on freezing Russia user accounts. I hope the war ends soon, peace is beautiful

Yes, all of those things have happened already and it's going to continue with those donations while the war is still there. But with what I'm expecting, even the war has stopped. The donations will keep coming in for them for the rebuilding of their nation.

That's what's likely going to happen and the world is uniting on that purpose and that's why many are for Ukraine but still, it's good to know the history of the quarrel of these two countries.

ryzaadit

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Most of assets are from Russia.

Since they can't get in into the Europe market like stock and etc because of the sanction from west, some people look crypto as the alternative since is decentralized. By the way in "DeFi" there is no control at all.

That's why some market got a really good spike because of this.

JeffBrad12

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Quote from: mey466 on March 03, 2022, 11:22:58 AM

What is the impact of the current Ukraine and Russia war on Crypto?

Fear and down trend. People are dumping their assets to be converted into the assets that can save their value and crypto will be getting dumped by this fear as well due to the war between ukraine and rusia.
If this will be so long and crypto will be always following the trend.

Quote from: mey466 on March 03, 2022, 11:22:58 AM

With so many sanctions being launched against Russia, it could have a huge impact on the economies of both countries and possibly other countries as well. I have read before that there are Ukraine who accept donations via crypto and there is news of a ban on freezing Russia user accounts. I hope the war ends soon, peace is beautiful

It will not end soon. The war will still happen but it seems like rusia will be in a danger for long term. It has so many military weapons but it was losing a lot of things like its economic destruction in long term.
This is not only about the war but remember that if there are so many things need to be consired.
Both of countries are loosing a lot. Just wanna know how long this country will try to attack ukraine.

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Quote from: mey466 on March 03, 2022, 11:22:58 AM

What is the impact of the current Ukraine and Russia war on Crypto? With so many sanctions being launched against Russia, it could have a huge impact on the economies of both countries and possibly other countries as well. I have read before that there are Ukraine who accept donations via crypto and there is news of a ban on freezing Russia user accounts. I hope the war ends soon, peace is beautiful

Thoughts are with everyone in Ukraine today. We sometimes forget that there are real people living in these situations and it's not all about the market

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