Crypto prices crash as threat of war looms - page 11.

Silberman

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Quote from: Slow death on March 06, 2022, 02:51:03 PM

Quote from: Sethrey on March 03, 2022, 06:47:56 AM

And what about privacy coins? Can it be a way out for those who suffer from economical sanctions and need to keep his money anonymous? Or in this case everyone will just lose?

in this time of sanctions when governments are so angry and are weaving tough measures to be using anonymous coins to get around what your country's government (if the person lives in a country where they were sanctioned) is prohibiting certain things and the person is Doing this through anonymous coins is something very dangerous because if you get caught they will have no mercy, the court will have no mercy. I think it's not a good idea to use anonymous currency to commit crime, anonymous currency should be used for the person to have more privacy, not to commit crime or circumvent sanctions

In order to protect ourselves from inflation and the danger of losing our money during the war privacy coins are not really needed, as long as you are holding bitcoin that can be more than enough to protect you from those two problems in the case they get even worse, just to give and example hundreds of thousands of people are leaving Ukraine, how are they going to move their money with them? If they carry anything physical they may lose it or they run the risk of being stolen, and if they use a debit card then who knows if their bank will still exist after the war or allow them to withdraw their money, but with bitcoin you can carry your money without worrying about something like that happening to you.

FanEagle

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Quote from: btc_angela on March 07, 2022, 08:47:12 AM

Quote from: ivankoh on March 06, 2022, 01:19:32 PM

I think the effect of the Ukraine war is what the market reacts to from the market sentiment. But it's not the grand nature of that decline. We all realized last May bitcoin also had a big retracement at $29k and then everyone was panicking and panicking, but in the end bitcoin hit a new ATH. Therefore, I think it is still advisable to be optimistic about another stronger recovery. It can happen if the positions are confirmed from the market.

Again those are different scenarios, we haven't reach new all time high that time and it was a typical retracement to $29k. But now, when we did experience a magical run to $69k and then we slowly decline to what we are right now. So it's a combination of retracement and then followed by panic due to the war. And it may very well confirmed that we are not in a bull run cycle this year.

I would guess that it is not really "that" different. Obviously, it is a bit different and we are living in a different timeline. We are living in a situation where things are not really as bad as you might imagine, it is not great neither, but it is not as bad for crypto neither. While from the Ukraine and even from the west we may see bitcoin dropping and people are panicking, we are also seeing from Russia how the oligarchs are switching their money into crypto to get away from sanctions.

So, even though it is not the same as 29k to 69k period right now, it is not a bear run neither, at least not for the time being, I do not know what the future will hold.

Starkick

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Quote from: Sethrey on March 03, 2022, 06:47:56 AM

And what about privacy coins? Can it be a way out for those who suffer from economical sanctions and need to keep his money anonymous? Or in this case everyone will just lose?

Hmm, no one, of course, will give an unambiguous and unanimous answer, but it would not be superfluous to also have some funds in the crypt, especially given the situation in the world.

btc_angela

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Quote from: ivankoh on March 06, 2022, 01:19:32 PM

Quote from: carlfebz2 on March 03, 2022, 02:36:24 PM

Price crash is totally different from small corrections or decreases which we are seeing at the moment.

I think the effect of the Ukraine war is what the market reacts to from the market sentiment. But it's not the grand nature of that decline. We all realized last May bitcoin also had a big retracement at $29k and then everyone was panicking and panicking, but in the end bitcoin hit a new ATH. Therefore, I think it is still advisable to be optimistic about another stronger recovery. It can happen if the positions are confirmed from the market.

Again those are different scenarios, we haven't reach new all time high that time and it was a typical retracement to $29k. But now, when we did experience a magical run to $69k and then we slowly decline to what we are right now. So it's a combination of retracement and then followed by panic due to the war. And it may very well confirmed that we are not in a bull run cycle this year.

Slow death

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Quote from: Sethrey on March 03, 2022, 06:47:56 AM

And what about privacy coins? Can it be a way out for those who suffer from economical sanctions and need to keep his money anonymous? Or in this case everyone will just lose?

in this time of sanctions when governments are so angry and are weaving tough measures to be using anonymous coins to get around what your country's government (if the person lives in a country where they were sanctioned) is prohibiting certain things and the person is Doing this through anonymous coins is something very dangerous because if you get caught they will have no mercy, the court will have no mercy. I think it's not a good idea to use anonymous currency to commit crime, anonymous currency should be used for the person to have more privacy, not to commit crime or circumvent sanctions

ivankoh

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Quote from: carlfebz2 on March 03, 2022, 02:36:24 PM

Price crash is totally different from small corrections or decreases which we are seeing at the moment.

I think the effect of the Ukraine war is what the market reacts to from the market sentiment. But it's not the grand nature of that decline. We all realized last May bitcoin also had a big retracement at $29k and then everyone was panicking and panicking, but in the end bitcoin hit a new ATH. Therefore, I think it is still advisable to be optimistic about another stronger recovery. It can happen if the positions are confirmed from the market.

Silberman

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Quote from: bots1 on March 03, 2022, 07:25:27 AM

In my opinion, the decline in the price of bitcoin in the last few days has nothing to do with the Russian invasion of Ukraine. The price of bitcoin dropped from $40k to $34k due to the massive sell-off. Even now, the bitcoin price started to rebound and rose up to 11.8% where the price went back up to around $43k.

Personally I do think there is an affect, after all when all the markets around the world went down because of the war and there are effects all over it because of the sanctions then I think it is a mistake to think that somehow bitcoin is going to be immune to all of this, and even if the effect is not as big as we thought it would be it is still there, as it is going to be difficult for bitcoin to grow in an environment in which everyone is wary about what to do next as we do not know how long this war will last.

carlfebz2

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Quote from: arwin100 on March 03, 2022, 08:13:19 AM

Quote from: bots1 on March 03, 2022, 07:25:27 AM

In my opinion, the decline in the price of bitcoin in the last few days has nothing to do with the Russian invasion of Ukraine. The price of bitcoin dropped from $40k to $34k due to the massive sell-off. Even now, the bitcoin price started to rebound and rose up to 11.8% where the price went back up to around $43k.

It has something to do with these incident since we always see that there's a threat of huge crisis if the war will happen and that one fud people that's why there's a huge number of people getting panic on what they heard on the news. From now the price became stable so hopefully bitcoin can sustain it and recover back again then reach maybe upt $50k again.

We didnt really dip that much and those recent decrease are just like typical or normal days with bitcoins price which i could say that there's no significant effect that do happen in the market

with this current situation or recent event like this war even though its not an assurance for it not to happen and might really just be readying up for some decline or something like that.

Price crash is totally different from small corrections or decreases which we are seeing at the moment.

Vaculin

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Quote from: arwin100 on March 03, 2022, 08:13:19 AM

Quote from: bots1 on March 03, 2022, 07:25:27 AM

In my opinion, the decline in the price of bitcoin in the last few days has nothing to do with the Russian invasion of Ukraine. The price of bitcoin dropped from $40k to $34k due to the massive sell-off. Even now, the bitcoin price started to rebound and rose up to 11.8% where the price went back up to around $43k.

It has something to do with these incident since we always see that there's a threat of huge crisis if the war will happen and that one fud people that's why there's a huge number of people getting panic on what they heard on the news. From now the price became stable so hopefully bitcoin can sustain it and recover back again then reach maybe upt $50k again.

Bitcoin has proved that whenever there are important events happening in the world, its price is mostly triggered. And i think this war that is happening currently has leave a huge impact on bitcoin to create unstable price. But aside that, there is always its price volatility that is always behind its price decrease and increase. And i guess we cannot expect for bitcoin price to be stable, unless it will be centralized that will only create a fixed price, but i doubt it will never happen this time.

arwin100

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Quote from: bots1 on March 03, 2022, 07:25:27 AM

In my opinion, the decline in the price of bitcoin in the last few days has nothing to do with the Russian invasion of Ukraine. The price of bitcoin dropped from $40k to $34k due to the massive sell-off. Even now, the bitcoin price started to rebound and rose up to 11.8% where the price went back up to around $43k.

It has something to do with these incident since we always see that there's a threat of huge crisis if the war will happen and that one fud people that's why there's a huge number of people getting panic on what they heard on the news. From now the price became stable so hopefully bitcoin can sustain it and recover back again then reach maybe upt $50k again.

bots1

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In my opinion, the decline in the price of bitcoin in the last few days has nothing to do with the Russian invasion of Ukraine. The price of bitcoin dropped from $40k to $34k due to the massive sell-off. Even now, the bitcoin price started to rebound and rose up to 11.8% where the price went back up to around $43k.

Sethrey

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And what about privacy coins? Can it be a way out for those who suffer from economical sanctions and need to keep his money anonymous? Or in this case everyone will just lose?

Silberman

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Quote from: Mpamaegbu on February 28, 2022, 04:33:38 AM

Quote from: Sethrey on February 22, 2022, 06:22:26 AM

So, it means that Bitcoin will continue falling or there are chances for its soon improvement?

I won't advise anyone to hastily sell off their Bitcoin because of the raging Russia-Ukraine war. My observation is that it won't make Bitcoin crash. The crash we witness now is correction from technical analysis perspective and not as an after effect of the war. If anything, Bitcoin should gain traction as a safe haven. Prior to this war, we saw how both countries courted Bitcoin. So, I expect their citizens to turn to Bitcoin now to save their money. Again, it's trending how Ukraine is utilizing the blockchain to raise money for the war by way of soliciting donation in Bitcoin. Support in that regard has been massively overwhelming. There should be rush for Bitcoin instead of a dump.

Everything will depend on how intense is the war, according to the reports things have not been so easy for the Russian invaders and they have found a strong resistance from the Ukrainian army, if this continues this war could extend itself for years and we have seen many times what a long war like that can do to a country, and in that case even money can lose its significance and it could be possible that people revert back to the barter system to try to get their necessities fulfilled.

Mahanton

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Quote from: Natalim on March 01, 2022, 06:26:17 PM

Quote from: Mahanton on March 01, 2022, 02:51:59 PM

Quote from: Mpamaegbu on February 28, 2022, 04:33:38 AM

Quote from: Sethrey on February 22, 2022, 06:22:26 AM

So, it means that Bitcoin will continue falling or there are chances for its soon improvement?

I won't advise anyone to hastily sell off their Bitcoin because of the raging Russia-Ukraine war. My observation is that it won't make Bitcoin crash. The crash we witness now is correction from technical analysis perspective and not as an after effect of the war. If anything, Bitcoin should gain traction as a safe haven. Prior to this war, we saw how both countries courted Bitcoin. So, I expect their citizens to turn to Bitcoin now to save their money. Again, it's trending how Ukraine is utilizing the blockchain to raise money for the war by way of soliciting donation in Bitcoin. Support in that regard has been massively overwhelming. There should be rush for Bitcoin instead of a dump.

Sorry for those who had sell out early yet the price now is climbing up again which is totally opposite on where most people been anticipating.They should always took up some consideration
on making out decisions on time like this on which its not always be having any effect on crypto market.It doesnt really always count and this should be bare on mind and lucky for those who do
able to accumulate while it is still cheap. Reason for such rise? No one knows on whats behind these increase yet there would be several factors as normal.

Feels that weak hands had already laid down their hands so easily after seeing the red lines.
Well, I'm not going to say sorry for those who sell their Bitcoin earlier as it was their choice but I think, they are now in regrets. It always going to happen that our emotions will give no good results but always bad.

Anyway, we can't assume that all of us here have the guts to hold, many were still living in the doubts that we can't be in surprise why they will sell their coins.

Presuming situations ahead is part of our intuition but not all the times it would be on the right spot. Cheesy

For those who do hold for long term then they are the ones who dont really care at all but for those who do make out some day or short trades then they are the ones who do mainly
reacts with this kind of situation which it isnt surprising.Any news or fundamentals could be a potentially factor that would cause some major movements.

Natalim

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Quote from: Mahanton on March 01, 2022, 02:51:59 PM

Quote from: Mpamaegbu on February 28, 2022, 04:33:38 AM

Quote from: Sethrey on February 22, 2022, 06:22:26 AM

So, it means that Bitcoin will continue falling or there are chances for its soon improvement?

I won't advise anyone to hastily sell off their Bitcoin because of the raging Russia-Ukraine war. My observation is that it won't make Bitcoin crash. The crash we witness now is correction from technical analysis perspective and not as an after effect of the war. If anything, Bitcoin should gain traction as a safe haven. Prior to this war, we saw how both countries courted Bitcoin. So, I expect their citizens to turn to Bitcoin now to save their money. Again, it's trending how Ukraine is utilizing the blockchain to raise money for the war by way of soliciting donation in Bitcoin. Support in that regard has been massively overwhelming. There should be rush for Bitcoin instead of a dump.

Sorry for those who had sell out early yet the price now is climbing up again which is totally opposite on where most people been anticipating.They should always took up some consideration
on making out decisions on time like this on which its not always be having any effect on crypto market.It doesnt really always count and this should be bare on mind and lucky for those who do
able to accumulate while it is still cheap. Reason for such rise? No one knows on whats behind these increase yet there would be several factors as normal.

Feels that weak hands had already laid down their hands so easily after seeing the red lines.
Well, I'm not going to say sorry for those who sell their Bitcoin earlier as it was their choice but I think, they are now in regrets. It always going to happen that our emotions will give no good results but always bad.

Anyway, we can't assume that all of us here have the guts to hold, many were still living in the doubts that we can't be in surprise why they will sell their coins.

Mahanton

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Quote from: Mpamaegbu on February 28, 2022, 04:33:38 AM

Quote from: Sethrey on February 22, 2022, 06:22:26 AM

So, it means that Bitcoin will continue falling or there are chances for its soon improvement?

I won't advise anyone to hastily sell off their Bitcoin because of the raging Russia-Ukraine war. My observation is that it won't make Bitcoin crash. The crash we witness now is correction from technical analysis perspective and not as an after effect of the war. If anything, Bitcoin should gain traction as a safe haven. Prior to this war, we saw how both countries courted Bitcoin. So, I expect their citizens to turn to Bitcoin now to save their money. Again, it's trending how Ukraine is utilizing the blockchain to raise money for the war by way of soliciting donation in Bitcoin. Support in that regard has been massively overwhelming. There should be rush for Bitcoin instead of a dump.

Sorry for those who had sell out early yet the price now is climbing up again which is totally opposite on where most people been anticipating.They should always took up some consideration
on making out decisions on time like this on which its not always be having any effect on crypto market.It doesnt really always count and this should be bare on mind and lucky for those who do
able to accumulate while it is still cheap. Reason for such rise? No one knows on whats behind these increase yet there would be several factors as normal.

darewaller

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Now, crypto prices surge as the threat of war goes on. Do not assume that crypto would react one way, you may always assume it reacting one way and it could end up reacting another way. It is always a thing where people are thinking it did one thing so it will keep doing that and there is a reversal that shocks them all.

War was always a "good" thing for crypto, obviously war is bad overall, so I do not want to use the good word here, but it meant that people would avoid fiat since there is a war and move to crypto. At least two nations are impacted right now, Ukraine because of the war, and Russia because of sanctions and to think that people wouldn't run away to crypto would have been silly.

Starkick

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Quote from: Sethrey on February 22, 2022, 06:22:26 AM

Mumbai: Cryptocurrencies crashed as the threat of Russia invading Ukraine escalated amid border skirmishes, resulting in the crypto investor community offloading their risky digital assets to protect portfolios against further price drops.

On Friday, US President Joe Biden said that Russian President Vladimir Putin had decided to invade Ukraine, and that a military strike could happen in days. And yesterday Putin signed a document accepting Lugansk and Donetsk as a separate independent cities. It affected the rate of Russian rouble a lot.

So, it means that Bitcoin will continue falling or there are chances for its soon improvement?
Moreover, does that mean that privacy coins like Crypton from Utopia p2p will gain more interest?

Of course you're right! Perhaps such people will have more chances to show themselves! Especially in the context of the events taking place now and the sanctions being imposed.

Baofeng

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Quote from: Epaper on February 27, 2022, 05:35:22 AM

Indeed, the performance of bitcoin and other crypto-assets since last week has experienced a very deep price decline due to one of the factors due to the war that occurred between Russia and Ukraine. The aftermath of the war affects the performance of cryptocurrencies, which could exacerbate a weaker spontaneous market reaction resulting in a deep price drop. It is likely that the price of bitcoin will continue to fall in the short term if global market headwinds and European geopolitics persist.

It might have affected the performance of crypto, but it was just on short term though. The prices seems to be recovery, but we should still be very vigilant as we don't know what is going to be the impact if other countries join into this war. This politicking is really ugly and now its resulted into a full blown war. We just had a 2 year battle with Covid that really weakens the economy and now we have this.

Falconer

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Quote from: Mpamaegbu on February 28, 2022, 04:33:38 AM

I won't advise anyone to hastily sell off their Bitcoin because of the raging Russia-Ukraine war. My observation is that it won't make Bitcoin crash. The crash we witness now is correction from technical analysis perspective and not as an after effect of the war. If anything, Bitcoin should gain traction as a safe haven. Prior to this war, we saw how both countries courted Bitcoin. So, I expect their citizens to turn to Bitcoin now to save their money. Again, it's trending how Ukraine is utilizing the blockchain to raise money for the war by way of soliciting donation in Bitcoin. Support in that regard has been massively overwhelming. There should be rush for Bitcoin instead of a dump.

Bitcoin crash is not due to war but can happen because the holders or most of the investors go out for a while and secure their profits. We had a crash in 2018 and maybe we will crash in the future too whenever people want to dump their bitcoin in the market on a large scale and I think it could happen any time even without a war.

We can't expect bitcoin to always be on a good trend because bitcoin keeps fluctuating all the time and that's a normal situation. I just believe that bitcoin can always crash at any time because we never know what the future holds for bitcoin but there is always hope for the better because the price is only affected by supply and demand. Increased adoption and friendlier regulation will affect people's interest in buying bitcoin and investing in it compared to other investment assets.

Topic: Crypto prices crash as threat of war looms - page 11. (Read 6800 times)