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Topic: Dump market potential? - page 8. (Read 1145 times)

full member
Activity: 868
Merit: 202
October 20, 2023, 08:33:48 AM
#24
there is no need to worry too much that geo-political and global economic issues will affect the price of bitcoin significantly, it does affect it, but not to the point where the price of bitcoin plummets. bitcoin has gone through the worst phase faced by humanity, namely covid-19, the russian and ukrainian wars, and several other major events, and until now it still stands tall and is still the best digital asset that people choose.

i remain optimistic about the future of bitcoin because history has spoken about how bitcoin has survived until now. maybe in the future the bitcoin market will experience ups and downs and that is normal when a market experiences something like that, but i remain confident that bitcoin will be able to get through that.
hero member
Activity: 2086
Merit: 513
Vave.com - Crypto Casino
October 20, 2023, 08:24:02 AM
#23
From various sequences of problems and many aspects that can be associated, I become doubtful with the price development of Bitcoin which in the event of this war is enlarged, so as usual Bitcoin will experience a price decline, even though we know it is not just bitcoin that will be a victim of this conflict happen.


No matter what's going on—be it bad news or good news—it won't significantly impact Bitcoin as long as it's not in a bull run. We've weathered worse problems in the past, and Bitcoin has maintained a stable price. Even during the height of the pandemic, Bitcoin's price and the market remained surprisingly stable.

You should have confidence in Bitcoin. It has been declared "dead" many times, yet it keeps rising. If it does experience a dip, it's often due to manipulation, and its price will eventually return to stability. Don't let FUD overshadow the current bullish sentiment. Have you been feeling the bullish sentiment lately?


But macro news can affect the bull season, I mean it can cause the bull season to happen later.  furthermore, the effects of war and inflation are completely different from the impact of a pandemic on bitcoin.  during the pandemic, everything became chaotic but the government supported the economy by printing and pumping money, the flow of money into financial markets caused them to increase in price massively, not just bitcoin.  meanwhile, war and inflation are causing a terrible crisis for the economy, causing many difficulties.  so it cannot be said that their impact on bitcoin is the same.

But in the long run, you're right, the bull season may be delayed but it will still come after all the bad stuff is over.
sr. member
Activity: 476
Merit: 307
October 20, 2023, 07:30:06 AM
#22
From various sequences of problems and many aspects that can be associated, I become doubtful with the price development of Bitcoin which in the event of this war is enlarged, so as usual Bitcoin will experience a price decline, even though we know it is not just bitcoin that will be a victim of this conflict happen.


No matter what's going on—be it bad news or good news—it won't significantly impact Bitcoin as long as it's not in a bull run. We've weathered worse problems in the past, and Bitcoin has maintained a stable price. Even during the height of the pandemic, Bitcoin's price and the market remained surprisingly stable.

You should have confidence in Bitcoin. It has been declared "dead" many times, yet it keeps rising. If it does experience a dip, it's often due to manipulation, and its price will eventually return to stability. Don't let FUD overshadow the current bullish sentiment. Have you been feeling the bullish sentiment lately?


With the way things are going around the globe, I will not be surprise if Bitcoin becomes a safe option for many investors. The confusion and power tussle in the world is just too much. Bitcoin can truly be a common ground for people who do not want to be in a fix regarding the confusion in the world. While some people are expressing fears as regards the future of Bitcoin, I am very confident that the future is secured and there will not be any major dump if if world war breaks out.
sr. member
Activity: 882
Merit: 326
October 20, 2023, 07:03:46 AM
#21
I think that support from countries to countries that are at war will not exceed their ability to help and that is only in the form of weapons and food and other countries are very likely not to be directly involved in the war.
However, in my opinion, the wars that occur often make no sense in being linked to Bitcoin because Bitcoin's scale with the global economy is not large, so the fear that is spread among Bitcoin owners is only to take advantage of certain parties. If you believe that Bitcoin will continue to follow its usual four-year cycle then ignore all the news wars but usually the ones who worry about Bitcoin are those who don't own it because those who own Bitcoin will maintain optimism without caring about other people's views about what might happen to Bitcoin because the current war is not as big in scale as imagined and only the media always exaggerates it.

I think bitcoin is also part of the world economy so if there is a war, just destabilizing the world economy will definitely affect bitcoin. That's just like when the war between Russia and Ukraine broke out, every market panicked and bitcoin was not immune. I still hope the 4-year cycle will repeat, but we need to note that, in previous cycles, we did not encounter crises, wars or inflation like today. So it's hard to be sure that everything will stay the same and nothing will change. Bitcoin is getting bigger and more popular, so to say that it is not tied to the economy is not entirely true.

The current war has not caused too much instability, but with the supporting parties also being strongly divided, I fear the war will spread and become more serious. But let's hope the war ends soon because it brings no benefit to the world.

The bigger Bitcoin covers the whole world, the more countries that accept and make rules about Bitcoin, the closer the economic movement of a country or the global market will be to Bitcoin price movements. For now, data related to the economic growth of a country, especially the US, has a big influence on Bitcoin. So war conditions involving a country and also related to America will have a clear influence on Bitcoin.

The best hope for Bitcoin prices to improve is to hope that the war that occurred this time will subside. And world economic growth is also improving, why should we buy bitcoin if things get worse? Maybe this is my rough logic, and investors will abandon Bitcoin if things get worse and choose something that is more beneficial for them to survive.
legendary
Activity: 2408
Merit: 1102
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October 20, 2023, 02:55:30 AM
#20
I think that support from countries to countries that are at war will not exceed their ability to help and that is only in the form of weapons and food and other countries are very likely not to be directly involved in the war.
However, in my opinion, the wars that occur often make no sense in being linked to Bitcoin because Bitcoin's scale with the global economy is not large, so the fear that is spread among Bitcoin owners is only to take advantage of certain parties. If you believe that Bitcoin will continue to follow its usual four-year cycle then ignore all the news wars but usually the ones who worry about Bitcoin are those who don't own it because those who own Bitcoin will maintain optimism without caring about other people's views about what might happen to Bitcoin because the current war is not as big in scale as imagined and only the media always exaggerates it.

I think bitcoin is also part of the world economy so if there is a war, just destabilizing the world economy will definitely affect bitcoin. That's just like when the war between Russia and Ukraine broke out, every market panicked and bitcoin was not immune. I still hope the 4-year cycle will repeat, but we need to note that, in previous cycles, we did not encounter crises, wars or inflation like today. So it's hard to be sure that everything will stay the same and nothing will change. Bitcoin is getting bigger and more popular, so to say that it is not tied to the economy is not entirely true.

The current war has not caused too much instability, but with the supporting parties also being strongly divided, I fear the war will spread and become more serious. But let's hope the war ends soon because it brings no benefit to the world.
legendary
Activity: 3248
Merit: 1160
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October 20, 2023, 02:45:54 AM
#19
From various sequences of problems and many aspects that can be associated, I become doubtful with the price development of Bitcoin which in the event of this war is enlarged, so as usual Bitcoin will experience a price decline, even though we know it is not just bitcoin that will be a victim of this conflict happen.


No matter what's going on—be it bad news or good news—it won't significantly impact Bitcoin as long as it's not in a bull run. We've weathered worse problems in the past, and Bitcoin has maintained a stable price. Even during the height of the pandemic, Bitcoin's price and the market remained surprisingly stable.

You should have confidence in Bitcoin. It has been declared "dead" many times, yet it keeps rising. If it does experience a dip, it's often due to manipulation, and its price will eventually return to stability. Don't let FUD overshadow the current bullish sentiment. Have you been feeling the bullish sentiment lately?
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
October 20, 2023, 02:37:47 AM
#18
We can only hope that the war will not impact Bitcoin. However, in reality, war impacts the countries around the war. And if there is an impact on Bitcoin, there may be a downturn but we don't expect the downturn to be too deep.
well , if we understand how helpful Bitcoin is than Fiat or Gold in time of war then price will not down that deep for sure.
though war time will shutdown internet and the phase so this will take time to be used but for holding is better.

Quote
But we have seen how Bitcoin has traveled so far. We already know that many factors could have caused the decline that occurred in Bitcoin. And maybe there will be another decline later, but it won't be as big as the previous one. But if it happens again, people must be prepared and not panic so the price does not fall further.
decline will come as we are heading to Halving day that we already knew the impact, mostly dumped bad before that day or even the exact day,
because the increase will come soon.
Quote
The important thing is that if there is another decline, we must prepare ourselves to be able to buy Bitcoin at low prices. Rather than regretting it because we were late in buying Bitcoin, we should remain alert to the situation in the market. And prepare money to buy more Bitcoin.
right , take the advantage to buy when there is a deep , instead of panicking take that as advantage ..
hero member
Activity: 406
Merit: 443
October 20, 2023, 02:14:12 AM
#17
We cannot base analyzes on something that has not happened, and we cannot predict its effects because we do not know to what extent it may affect the economy and whether its effect on the economy will affect Bitcoin.
Bitcoin did not show high sensitivity to global events and variables, and even these variables were part of the historical pattern of Bitcoin cycles, so Bitcoin is even less affected by events not related to cryptocurrencies.

I read this article a while ago, titled The effect of political and economic uncertainty on the cryptocurrency market, and its summary says:

Quote
find that the cryptocurrency market can serve as a strong hedge against geopolitical risks in most cases, but it could be considered a weak hedge and safe haven against economic policy uncertainty during a bull market.

Our problem is more with economic policy uncertainty during a bull market than with geopolitical risks.

Link of Scientific paper for those who want to read: https://www.sciencedirect.com/science/article/abs/pii/S1544612320301707
hero member
Activity: 2604
Merit: 816
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October 20, 2023, 01:37:13 AM
#16
We can only hope that the war will not impact Bitcoin. However, in reality, war impacts the countries around the war. And if there is an impact on Bitcoin, there may be a downturn but we don't expect the downturn to be too deep.

But we have seen how Bitcoin has traveled so far. We already know that many factors could have caused the decline that occurred in Bitcoin. And maybe there will be another decline later, but it won't be as big as the previous one. But if it happens again, people must be prepared and not panic so the price does not fall further.

The important thing is that if there is another decline, we must prepare ourselves to be able to buy Bitcoin at low prices. Rather than regretting it because we were late in buying Bitcoin, we should remain alert to the situation in the market. And prepare money to buy more Bitcoin.
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
October 20, 2023, 12:57:00 AM
#15
I think that support from countries to countries that are at war will not exceed their ability to help and that is only in the form of weapons and food and other countries are very likely not to be directly involved in the war.
However, in my opinion, the wars that occur often make no sense in being linked to Bitcoin because Bitcoin's scale with the global economy is not large, so the fear that is spread among Bitcoin owners is only to take advantage of certain parties. If you believe that Bitcoin will continue to follow its usual four-year cycle then ignore all the news wars but usually the ones who worry about Bitcoin are those who don't own it because those who own Bitcoin will maintain optimism without caring about other people's views about what might happen to Bitcoin because the current war is not as big in scale as imagined and only the media always exaggerates it.
sr. member
Activity: 1624
Merit: 341
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October 19, 2023, 11:46:39 PM
#14
The biggest conflict comes when halving's going to occur it's when ppl jump to buy like that's the only way opportunity they’ll have for making profits. If they don’t know what they’re doing with overspending they’ll damage themselves if Bitcoin doesn’t climb.

I do not mean to frighten or make FUD, I just want to discuss to share thoughts, but for an bitcoin intelligent investor, how do you respond to conflicts that have probability to suppress Bitcoin prices?

There is concern that if they don't buy now, they will miss out on an opportunity. For relevant and common reasons why they come in and buy Bitcoin one of them is when they see the price increase.

If the price of Bitcoin goes down or doesn't experience significant changes after the halving, this could potentially result in losses, but if the price is still reasonable and still worth maintaining, I think this is no problem and there's no need to worry, especially for BTC. For other coins, I think it might be beyond my expectations.

Yes. I also see that this leads as you said above, causing many investors and traders to be very reactive to the halving event, but usually prices rise as demand increases.
hero member
Activity: 1414
Merit: 542
October 19, 2023, 10:23:00 PM
#13
We already had a global pandemic that was far worse for Bitcoin than some global tensions, because it actually affected the economy and people's ability to invest. And still Bitcoin performed remarkably well in 2020 and 2021.

And in general there's no strong correlation between Bitcoin price and some global events. Bitcoin changes its price all the time and people try to explain it my looking at the current news, but if you make a historical analysis, you will see that they don't really affect the price.

This is also what I'm thinking, the global pandemic was worst in my opinion, every country is isolated and the economy suffers and up to this day, some of them haven't recovered yet.

And we are still standing though, bitcoin had it's halving in the pandemic, but it wasn't affected and it's like business as usual for us. So that is already a big test that we passed with flying colours. And then we have the Ukrainian war in the beginning of this year and yet the effects are minimal. So it's ok to be paranoid on the geo-political happenings in the world like war, but I don't think that bitcoin will be affected in general.
full member
Activity: 868
Merit: 190
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October 19, 2023, 09:30:18 PM
#12
The biggest conflict comes when halving's going to occur it's when ppl jump to buy like that's the only way opportunity they’ll have for making profits. If they don’t know what they’re doing with overspending they’ll damage themselves if Bitcoin doesn’t climb.

I do not mean to frighten or make FUD, I just want to discuss to share thoughts, but for an bitcoin intelligent investor, how do you respond to conflicts that have probability to suppress Bitcoin prices?
legendary
Activity: 2338
Merit: 1354
October 19, 2023, 07:45:50 PM
#11
(......)
Some people are saying there is possibility that third world war has begun, but which I will not believe for it not to affect my bitcoin investment.
This will not happen anymore, that's for my own opinion.
And just in case it happens, Bitcoin will not get affected or it will dump. As you can see, Bitcoin is a worldwide acceptable currency, so I can assume that no dumping effect on it because no one will attack Bitcoin, Bitcoin for sure will be just used by the majority.
legendary
Activity: 3024
Merit: 2148
October 19, 2023, 06:38:07 PM
#10
We already had a global pandemic that was far worse for Bitcoin than some global tensions, because it actually affected the economy and people's ability to invest. And still Bitcoin performed remarkably well in 2020 and 2021.

And in general there's no strong correlation between Bitcoin price and some global events. Bitcoin changes its price all the time and people try to explain it my looking at the current news, but if you make a historical analysis, you will see that they don't really affect the price.
sr. member
Activity: 1316
Merit: 356
October 19, 2023, 06:29:30 PM
#9
Sometimes, when we see the chart as if there is not enough volume to the upside there is bad news that happens afterwards. That's what I usually notice when the market is in the consolidation stage, meaning the market is undecided. Those disasters, can give a negative impression to people that will help us to decide into something like crypto, and it's also true in forex. However, these are not new events so there is not much change in the market. But if this war continues, it is possible that the price of Bitcoin will fall. But for me, I'm very positive that what will happen to Bitcoin is a minor dump, and it won't be the same as before it was volatile so I'm not worried.
legendary
Activity: 3010
Merit: 1280
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October 19, 2023, 05:50:45 PM
#8
I think these countries that announce support will be hesitant to involve their country and citizens.  They might send some troops if things escalate but I doubt these countries will declare an all-out war against each other.  Most of these countries can do is to send reinforcement and supplies to a limited extent.  So it is more possible that the only conflict that will heighten is between Israel and the surrounding countries.

There is always a negative effect of war on the economy so the market dump in Bitcoin is possible but I don't think it will go to the extent of a Bitcoin price crash.  If there is, it will be temporary and Bitcoin will recover because there is this other part of the world that continues to do normal activities despite the war on the other side of the world.
legendary
Activity: 2506
Merit: 1125
October 19, 2023, 12:45:15 PM
#7
I do not mean to frighten or make FUD, I just want to discuss to share thoughts, but for an bitcoin intelligent investor, how do you respond to conflicts that have probability to suppress Bitcoin prices?
Of course there are concerns about the impact of the world situation which is starting to become conducive, but as long as you invest an amount you can afford to lose, then why should you worry too much. If today you can afford to invest only $100k, then don't put more money into it just because you have it. The risk of falling prices due to politics, economics and war cannot be avoided, but the best strategy to grow from this situation is to accumulate for a long-term investment plan.

Have a good risk tolerance and plan things well and thoughtfully. Halving can help the demand and price of bitcoin grow, but FUD can prevent the market from becoming bullish. Even if you don't really want to spread FUD, but discussions like this are just concerns that can likely be considered very bearish.
legendary
Activity: 2674
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October 19, 2023, 12:04:35 PM
#6
Yes, the pattern is what if the war occurs, I don't expect it to happen because the impact will be extraordinary.
I did not expect that we should not think about the potential risks that will occur today, unless the assets in Bitcoin are only 10% of the total wealth you have, maybe it will not have a big effect on your wealth, then how they are Store 40% -80% of Bitcoin wealth? ... What we know is that the war will deprecate the economy including risky assets.
-snip-
The continued war will not be good for everyone, for economic growth, and even crypto is affected because of some of the inflation that is happening and the interest rate hikes that are being made.

The war between Russia and Ukraine even affected the price of Bitcoin or the crypto market, everything decreased.
But gradually it rose again because Bitcoin was also used as a transaction during the war.

Those who have great wealth in Bitcoin will be greatly impacted and it will be a tipping point when prices begin to fall as the war continues.
We all hope of course that the war will end soon and there will be peace.
newbie
Activity: 14
Merit: 0
October 19, 2023, 10:58:03 AM
#5
There is no need to confuse or feel the dilemmas with the current war situations, the reaction from every country to that war, or others. We do not know what happens later and hope the war does not spread to other countries.

The Bitcoin price will develop bigger at the right time. You do not have to worry about that. Meanwhile, the war is far from your home, so you can focus on accumulating more to prepare for anything that can happen.
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