How is the situation with Iran affecting the price

Bagaji

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Quote from: alexsandria on January 16, 2020, 07:39:42 AM

Quote from: Bagaji on January 16, 2020, 04:58:32 AM

Quote from: vintages on January 15, 2020, 06:27:57 PM

So what about the sudden price increase lately, what could have contributed to it? Could this be because of Rouhani recent threat to US and UK? I believe things are tensioning out lately yet price is increasing.
I personally still don't think the previous price increase was as a result of the imposed war. It could be normal market activities or some investors are using this means to signal more buy.

I don't really believe that the price increase was just normal but a reaction to the tension between the United States of America and Iranian government. This is so because, there was rumours of price increase in Iran local crypto currency exchange and that led to higer demand of Bitcoin followed by other altcoins.

I agree though we don't know real circumstances behind. But the most obvious part is that the major exchange happens may be triggers other people to join the possible hype not knowing that it is just one of the many factors. However we couldn't blame them, could we? Still they drives the market at some spot though.

Such a thing do happen most expecially when the market trigger upward that is when people will start buying Bitcoin and other altcoins and to me it is a bag strategy of trading because you will end up pumping the market for those who must have bought when the price was at the bottom.
We can blaim them anyway such people must exist in the market for other people to make profit from there trading.

gweedo

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Until now, I am sure that this market is not affected by the war between the US and Iran. More than a week has passed and there is no news about this war, but the price of bitcoin is still rising, so this market increases due to the demand of investors when the halving is coming and they buy bitcoin and wait price increases in the future to get profits

alexsandria

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Quote from: Bagaji on January 16, 2020, 04:58:32 AM

Quote from: vintages on January 15, 2020, 06:27:57 PM

So what about the sudden price increase lately, what could have contributed to it? Could this be because of Rouhani recent threat to US and UK? I believe things are tensioning out lately yet price is increasing.
I personally still don't think the previous price increase was as a result of the imposed war. It could be normal market activities or some investors are using this means to signal more buy.

I don't really believe that the price increase was just normal but a reaction to the tension between the United States of America and Iranian government. This is so because, there was rumours of price increase in Iran local crypto currency exchange and that led to higer demand of Bitcoin followed by other altcoins.

I agree though we don't know real circumstances behind. But the most obvious part is that the major exchange happens may be triggers other people to join the possible hype not knowing that it is just one of the many factors. However we couldn't blame them, could we? Still they drives the market at some spot though.

Images21

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Can we just move on now and forget about Iran? Shelf it because it is already a thing of the past. There is no more possible war brewing with Iran and the US. Time to move on to better topics. I am seeing a Bitcoin trying to make the four digit price a thing of the past. It is more exciting that the possible war.

Bagaji

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Quote from: vintages on January 15, 2020, 06:27:57 PM

So what about the sudden price increase lately, what could have contributed to it? Could this be because of Rouhani recent threat to US and UK? I believe things are tensioning out lately yet price is increasing.
I personally still don't think the previous price increase was as a result of the imposed war. It could be normal market activities or some investors are using this means to signal more buy.

I don't really believe that the price increase was just normal but a reaction to the tension between the United States of America and Iranian government. This is so because, there was rumours of price increase in Iran local crypto currency exchange and that led to higer demand of Bitcoin followed by other altcoins.

vintages

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So what about the sudden price increase lately, what could have contributed to it? Could this be because of Rouhani recent threat to US and UK? I believe things are tensioning out lately yet price is increasing.
I personally still don't think the previous price increase was as a result of the imposed war. It could be normal market activities or some investors are using this means to signal more buy.

Bagaji

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Quote from: hatshepsut93 on January 10, 2020, 08:54:46 PM

This Iran-US incident is over already, both sides don't want further escalation, but the price is still growing and defending the recent gains - this only means that the correlation with political instability isn't really that strong, it was more of a catalyst rather than the driving force behind the pump. Trading Bitcoin based on global news is as bad as trading with 8-ball, or maybe it's even worse.

Bitcoin and crypto currency in general are traded globally and if it react to the global news I don't it is a bad thing in my opinion and I believe Bitcoin has made history by reacting to the the global news just like Oil, gold and other stock.

beerlover

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I doubt it has affected yet, there needs to be war as in actual war, like planes go over Iran's biggest important places, killing people, dropping bombs, destroying governments, then actual military personal deployed there with either planes or at least planes to nearby nations like Iraq and then go there with tanks and such etc etc so that we can actually have something changing and affecting the price.

I understand that "potential" of a war might had some affects, doubt it was much at all (I mean I am sure it was much in Iran but not everywhere else) however potential of a war is one thing, actual war is another. If you think these are changes due to a potential war in Iran, do you really think there won't be something HUGE coming if an actual war starts?

3la9l_kolbaCa

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Quote from: arwin100 on January 10, 2020, 09:07:44 PM

Quote from: hatshepsut93 on January 10, 2020, 08:54:46 PM

This Iran-US incident is over already, both sides don't want further escalation, but the price is still growing and defending the recent gains - this only means that the correlation with political instability isn't really that strong, it was more of a catalyst rather than the driving force behind the pump. Trading Bitcoin based on global news is as bad as trading with 8-ball, or maybe it's even worse.

They have certain agreement to stop the conflict among them that's why it's better for us not to get worried on anything but there's a new tension coming with Canada due to that incident of plane crash where 176 people has been reported dead but I believe there's nothing to get worried from this anymore since it will never affect on the price of the bitcoins and I can't blame people to base on bad events like war since actually it can create a demand because people are afraid for their economy for that nightmare.

Bad events is not that litteral to reality, sometimes we have to consider positive outcome instead of expecting negative results. To those who have advance panic even though there's no confirmation coming from US and Iran. For me there's a possibility of btc price to pump, because there might be asset diversions like converting fiat to crypto when they fear about war.

barabarian1

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I think even though there is no Iran conflict and America the price of bitcoin will still go up. because it's been a few months at the level of $ 7k and I think now is the time for bitcoin to start increasing. and also bitcoin will be reduced by half in May before half the price of bitcoin will tend to go up. so I think yesterday's rise in bitcoin was more influenced by the market than the iran-american conflict.

yulionoo

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Quote from: Lionel on January 08, 2020, 06:22:38 PM

I read the news about the attacks in Iraq when BTC was at 8080$ , and i bought.

Then indeed the price rose to 8300 - 8450 a few hours later , confirming that when there is uncertainty , political tensions and possibility of a war, bitcoin is considered a safe asset like gold.
I would have profited at that point, if i sold.

The price remained @ 8300 for 12 hours, then it dipped to 7850 before my eyes, i got anxious, and i sold at 7900.
The reason of the dip?
I think because the news are saying that Iran stands no chance against U.S., so the people changed their mind about the possibility of a war.

Is that the reason for the dip in your opinion?
The gold price had the same behavior in the past 24 hours or so.

Also, was my emotional reaction right?
In that very moment, i honestly thought the price may dip to 7000 or below again sooner or later, i exactly don't know why. I felt it was just a temporary pump and dump due to a false climate of uncertainty ( since Iran is unlikely to start a war against U.S., but the people temporarily thought so).

But as soon as i sold, the price bounced and now it is at 8060.
So i am not sure my reaction was right.
What do you think?

I think you are a panic person. in investing in bitcoin and cryptocurrency we must be calm and not easily panic. bitcoin price fluctuations are common. You have to analyze and wait for some time, don't be easy to buy and sell bitcoin. take a look at the bitcoin movement.
and in my opinion to make a profit in investing bitcoin at least we have to wait and hold bitcoin for some time for about 6 months. at least wait until bitcoin has increased by 10%.

Ozero

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Quote from: hatshepsut93 on January 10, 2020, 08:54:46 PM

This Iran-US incident is over already, both sides don't want further escalation, but the price is still growing and defending the recent gains - this only means that the correlation with political instability isn't really that strong, it was more of a catalyst rather than the driving force behind the pump. Trading Bitcoin based on global news is as bad as trading with 8-ball, or maybe it's even worse.

Despite the fact that the tension in relations between the US and Iran has subsided, the price of bitcoin first returned to its usual level, which was before this conflict, and now it continues to grow again. Today, the price of bitcoin, according to CoinMarketCap, is $ 8,129 and is growing for the second day. Perhaps, indeed, this conflict served as a catalyst for the growth of the cryptocurrency market? It would be nice.

karanggatak

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in my opinion you have made the wrong decision. why are you in a hurry to sell your bitcoin. Before you should invest in bitcoin you should research that bitcoin has high fluctuations that can go up and down suddenly. and maybe the rise and fall of the price of bitcoin yesterday was affected by the conflict of Iran and America. You should still hold your bitcoin because I'm sure bitcoin can go up again. to succeed in investing in bitcoin we must have patience and not be easily panicked.

YOSHIE

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From here we can see cryptocurrency or Bitcoin has good potential in the world, although there are countries that do not accept the presence of bitcoin.
The proof, in the current turmoil between Iran and America, Bitcoin is positive towards current prices.

I think and contemplate, that bitcoin is very influential on the world economy and is the biggest investment for developing countries, which have the largest oil revenues.

This is a bitcoin marked one asset that is safe for humanity in the world.

arwin100

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Quote from: hatshepsut93 on January 10, 2020, 08:54:46 PM

This Iran-US incident is over already, both sides don't want further escalation, but the price is still growing and defending the recent gains - this only means that the correlation with political instability isn't really that strong, it was more of a catalyst rather than the driving force behind the pump. Trading Bitcoin based on global news is as bad as trading with 8-ball, or maybe it's even worse.

They have certain agreement to stop the conflict among them that's why it's better for us not to get worried on anything but there's a new tension coming with Canada due to that incident of plane crash where 176 people has been reported dead but I believe there's nothing to get worried from this anymore since it will never affect on the price of the bitcoins and I can't blame people to base on bad events like war since actually it can create a demand because people are afraid for their economy for that nightmare.

hatshepsut93

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This Iran-US incident is over already, both sides don't want further escalation, but the price is still growing and defending the recent gains - this only means that the correlation with political instability isn't really that strong, it was more of a catalyst rather than the driving force behind the pump. Trading Bitcoin based on global news is as bad as trading with 8-ball, or maybe it's even worse.

barota

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Quote from: Naida_BR on January 10, 2020, 01:38:35 PM

I think that the situation in the Middle East and especially in Iran is going to push the oil prices higher.
Even if, we are not going to see any further instability in the region they is a lot of doubt on how Iran is going to handle situations that take place in their region.

yes the prices oil rose after the crisis of middle east iran between and usa ; i dont know if bitcoin follow oil and it will continue the current rise to level 9000 usd . it seem bull run bitcoin activate again even without effect of crisis or changement of prices oil and gold and other stock in the near future

Bagaji

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Quote from: Twinkledoe on January 09, 2020, 06:22:07 PM

Quote from: Bagaji on January 09, 2020, 03:26:19 PM

You must have learn your lesson of not too greedy of holding up to your position for a long time. Supposed you sell when Bitcoin was trading around $8450 you end up in profit than you selling at lost. You can't maintain patience while the market is going against but you can hold while the market is in your favor. You need to have a realistic target before you place trade.

I believe he was thinking that it will go up more than that. But who knows, in the long run, it will be more than $8450 in the next coming weeks or months? He panicked and sold it lower than what he had bought it. That's a learning experience there. So if you see that you are already in profit and you don't want to wait any longer, better sell it, even if the profit is not what you wanted. At least you are on the positive side.

Some of us have had such experience before now and have shared those experience here in this forum do really need to learn from others people failior do that they will not be victim again but they will not.
Holding your investment forever will not earn you anything but when you buy low, sell high you will end up adding to your investment capital and not to keep holding forever.

Naida_BR

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I think that the situation in the Middle East and especially in Iran is going to push the oil prices higher.
Even if, we are not going to see any further instability in the region they is a lot of doubt on how Iran is going to handle situations that take place in their region.

rijaljun

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Quote from: sana54210 on January 10, 2020, 07:58:54 AM

First of all your reaction to buy bitcoin depending on a war between Iran and USA was wrong to begin with, the very first thing you should do shouldn't have been buying.

-snip-

On top of that bitcoin price didn't went down because Iran can't compete with USA, we all knew that already and price went up anyway, the price went down because USA is not going to war with Iran, they decided not to and that might have affected the price, at least a bit. Next time, don't make so emotional decisions depending on nations.

Can you explain the bold ones?

What I can understand is that you say speculate based on USA and Iran was a wrong thing, like it could do nothing with the price and that's why he should not have bought Bitcoin.

But then, you say that price went down because USA isn't going to war. This one contradicts your first sentence.

Or, basically the issue between USA and Iran, or any nations can only give negative impacts to the Bitcoin price? Uhh..

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