Does world cup Football 2018 not have any effect on crypto market.

stompix

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Quote from: Kray on June 20, 2018, 02:18:38 PM

Quote from: lodcoling on June 16, 2018, 05:57:42 AM

I hope during world cup football the price of bitcoin will increase. It has been started, but I see no effect. It is a big event of the world. Does it not bring any value to bitcoin.

Certainly, even the big media has reviewed about this.
Like this Forbes’ article https://www.forbes.com/sites/billybambrough/2018/05/31/the-russia-world-cup-could-be-about-to-boost-the-bitcoin-price/
Events like this are great for the circulation and demand of bitcoin especially when it’s supported very widely with acceptance of various things.

Well, the price certainly doesn't agree with Forbes

Quote from: Herbys on June 21, 2018, 08:51:10 AM

Quote from: sublime5447 on June 20, 2018, 11:26:39 AM

Quote from: lodcoling on June 16, 2018, 05:57:42 AM

I hope during world cup football the price of bitcoin will increase. It has been started, but I see no effect. It is a big event of the world. Does it not bring any value to bitcoin.

Yes, of course, bitcoin will get benefit from this big event. The merchants in Russia will gain profits from this event, including the merchants who receive payments through Bitcoin. If we talk about the amount, gambling sector will give the biggest impact.

It does not bring anything, only Russia and its economy are profitable from the championship. world cup Football 2018 entails only if, at its expense, there will be an increase in the market capitalization of the cryptocurrency, but this is not.
There is not a huge inflow of currency!

Actually, is a lot of cases the hosting nation take a loss with these kinds of events.
Greece, Brazil, China, even the UK when They draw the line they are deeply in the red.

Quote from: Kprawn on June 21, 2018, 09:52:28 AM

I have seen someone trying to get donations for a roadside banner that would be utilized near the stadiums where the soccer would
be played, but I have not seen any photos of it yet, so I presume that did not happen. Roll Eyes

T

Can you link to that??
Even before reading it I have a 99.9% scam feeling about it but...you never know, it made me curios.

Genamant

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Quote from: lodcoling on June 16, 2018, 05:57:42 AM

I hope during world cup football the price of bitcoin will increase. It has been started, but I see no effect. It is a big event of the world. Does it not bring any value to bitcoin.

I do not think world cup can affect bitcoin. If it will affect the price it will go down as people will be getting money to spend for watching or placing bets. But for me this will only be a little price dump as people wipp be busy watching the games

Kprawn

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I have seen someone trying to get donations for a roadside banner that would be utilized near the stadiums where the soccer would

be played, but I have not seen any photos of it yet, so I presume that did not happen. Roll Eyes

The online Sport betting sites might get

some more bets on the outcome of the world cup and that might generate some more demand, if people want to bet on these sites

with bitcoins. Roll Eyes

Other than this, I cannot see why the price would increase. Huh

svyatos

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Some members here said that it will boost the prices but I do not see any result because of this. This could however bring more revenue to betting sits allowing crypto.

chelle5

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I can't see any reason why world cup football that affects the market of crypto market, yes maybe some of this fanatic will sell their bitcoin, this maybe more damp or maybe we can see it at the end of league.

Gurjasmeet

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I think there will be no effects on bitcoin because it has not connection with fifa world cup due to fifa is the big event of the world.

Herbys

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Quote from: sublime5447 on June 20, 2018, 11:26:39 AM

Quote from: lodcoling on June 16, 2018, 05:57:42 AM

I hope during world cup football the price of bitcoin will increase. It has been started, but I see no effect. It is a big event of the world. Does it not bring any value to bitcoin.

Yes, of course, bitcoin will get benefit from this big event. The merchants in Russia will gain profits from this event, including the merchants who receive payments through Bitcoin. If we talk about the amount, gambling sector will give the biggest impact.

It does not bring anything, only Russia and its economy are profitable from the championship. world cup Football 2018 entails only if, at its expense, there will be an increase in the market capitalization of the cryptocurrency, but this is not.
There is not a huge inflow of currency!

HumberGuns

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it doesn't mean nothing!!!
it would have had effect on Bitcoin price if a lot of merchant had accepted Bitcoin as a payment option... maybe with some discounts...
so big events like this could not affect crytpocurrencies and BTC price...

csefarhad

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bitcoin keeps a great influence in Russia world cup 2018.as many countries participated in the world cup, their currency based relation is fulfilled by bitcoin. thus by bitcoin the crypto market has a great effects. as various countries currency are different, football match watchers can purchase their ticket by bitcoin transformed into money.

DunnDy

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Without a shadow of a doubt, the only opportunity to increase Bitcoin's value during the World Cup in football could be the possibility to pay, for example, for tickets for a match using Bitcoin. Then, there could be places near the stadia with the Bitcoin machine that can already be used in certain places around the world. Summing up, if there is no option to use Bitcoin during the World Cup, it seems to me that the demand for BTC and therefore its price will not increase.

norachuks

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i don't see any relationship between the world cup and bitcoin but it will be a good one if it will increase and i really hope it increases because bit will be of a great benefit.

Pab

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Will be no effect of current Mundial on bitcoin price
Why it has to be
Betting with bitcoin is small because cost of transfer is to high
There is no merchant and services in Russia what are accepting bitcoin

rolls89

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Prima Facie it seems that FIFA WC 2018 might have a positive effect on the crypto market.But with 2 weeks of FIFA almost over the positive effect is yet to be seen.Let's stay positive and keep our fingers crossed.

Kray

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Quote from: lodcoling on June 16, 2018, 05:57:42 AM

I hope during world cup football the price of bitcoin will increase. It has been started, but I see no effect. It is a big event of the world. Does it not bring any value to bitcoin.

Certainly, even the big media has reviewed about this.
Like this Forbes’ article https://www.forbes.com/sites/billybambrough/2018/05/31/the-russia-world-cup-could-be-about-to-boost-the-bitcoin-price/
Events like this are great for the circulation and demand of bitcoin especially when it’s supported very widely with acceptance of various things.

sublime5447

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Quote from: lodcoling on June 16, 2018, 05:57:42 AM

I hope during world cup football the price of bitcoin will increase. It has been started, but I see no effect. It is a big event of the world. Does it not bring any value to bitcoin.

Yes, of course, bitcoin will get benefit from this big event. The merchants in Russia will gain profits from this event, including the merchants who receive payments through Bitcoin. If we talk about the amount, gambling sector will give the biggest impact.

stompix

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Quote from: jeremypwr on June 17, 2018, 01:51:47 AM

Been giving this a lot of thought lately and also was curious about the correlation of the World Cup and Bitcoin transaction fees.
It seems that, at least for the past few days, that transaction fees have been much higher just before and even during World Cup matches.
While this is possibly a random coincidence, I still think it's awfully ironic to say the least.

It's purely random and maybe it was because you checked the fees only once
Two days ago when I sent a few Mbits it got confirmed in the first block and when I looked at the blocks none of the last 10 where full. I saw a lot of txs with less than 1 satoshi per byte.

Quote from: pompinkpomelo on June 17, 2018, 04:36:11 AM

Quote from: JerryJam on June 17, 2018, 04:28:53 AM

The world Cup is of course a Grand and significant event. But only in the history of football. This event cannot affect the cryptocurrency market and the market of all other currencies too. Maybe this will affect the raising of the authority of the crypto currency but not the price of the crypto currency. We all know some factors that determine the value of the cryptocurrency and the championship here has no influence.

Man I have no idea what any of this means.

It means google translate still sucks Grin

Quote from: damort on June 17, 2018, 06:47:34 AM

I have just heard that Bitcoin is using in many hotels at Russia for this World Cup time. You can see full in details here: https://btcmanager.com/bitcoins-promise-of-global-currency-to-be-tested-at-fifa-world-cup-in-june-2018/
Bitcoin is using more, but I have no idea that World Cup can make a huge boost to Bitcoin. That's not what it is.

This is what happens when you blow things out of proportions...
The "hotels" is actually a "hotel", which is not really a hotel but a block of flats where you can rent a flat, just like Airbnb, no restaurant, no cleaning service, cheap as hell, I see the prices are at around 70 euros for 2 nights.

Vafandu

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Why ?

Kertmu

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Quote from: lodcoling on June 16, 2018, 05:57:42 AM

I hope during world cup football the price of bitcoin will increase. It has been started, but I see no effect. It is a big event of the world. Does it not bring any value to bitcoin.

Of course not. Unless somebody converts a small part of the cryptocurrency to buy a ticket and stay in Moscow or other city where his team will play. Grin

Juggy777

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I don't think FIFA will have any effect on bitcoins it'll be interesting to see if it does but honestly I don't see any correlation between the two. There was a news earlier that Russia would allow bitcoins and it would help it scale it up but I don't think it happened so let's see, if any one going to Russia take a poster of bitcoins and try and spread the word who knows we may just benefit.

bungutko

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I hope there is an effect on the crypto market particularly for bitcoin. In the event where tickets will be sold using the btc currency, then it may have an effect on it but probably not that big enough that it could drastically increase the value of btc within that world cup dates.

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