Topic: How is the situation with Iran affecting the price - page 3. (Read 520 times)
It's possible that a potential war with Iran could negatively affect the US economy or even the world economy. This could make investors move funds to other types of safe havens such as gold and cryptocurrencies.
Iran vs the United States really affected the price of gold and bitcoin in recent days. you can see the price of gold and bitcoin soaring and after Trump made no statement to punish Iran the price started to cool down. But about Bitcoin, I think people's buying psychology is still very large so for now we should hold. because not only does war increase Bitcoin, it is also increased by the upcoming Halving event in the future. This is the perfect time for people to push prices higher until June.
i got anxious, and i sold at 7900.
This is why people don't make money trading--they let their emotions get the better of them. My opinion is that it's a much easier and less stressful tactic to just buy bitcoin and hold it for the long term. That way you don't have to be constantly watching every fluctuation of its price, wondering what's causing the price movements. Who cares, anyway? The jump to above $8k could have been due to the Iran-US situation or it might not have. We'll never know, will we?bitcoin is considered a safe asset like gold.
No, it is not. Nobody in their right mind would consider bitcoin a safe haven asset, and all you'd have to do to convince yourself that it isn't would be to look at the 10-year price chart. Gold has been relatively stable in the past ten years, whereas bitcoin has been like a manic depressive mental patient off his medications. 
After Trump's statements that he was not going to respond with military force after the Iranian attack in Iraq, the price of Bitcoin began to fall gradually, according to some technical analysts speculate that the price may reach $ 7.5k.
Source: https://coin360.com/coin/bitcoin-btc
Presumably, the market often moves through the action of emotions, in this case the news of Guerra is usually given as a Fundamental that greatly influences the market.
Source: https://cointelegraph.com/news/bitcoin-price-retreats-to-8k-as-trump-defuses-potential-war-with-iran
Source: https://coin360.com/coin/bitcoin-btc
Presumably, the market often moves through the action of emotions, in this case the news of Guerra is usually given as a Fundamental that greatly influences the market.
Source: https://cointelegraph.com/news/bitcoin-price-retreats-to-8k-as-trump-defuses-potential-war-with-iran
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?
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?
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