How the situation in Iran might impact Bitcoin - page 2.

btccashacc

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Quote from: jonathan6655321 on January 04, 2020, 09:54:17 AM

I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.

Yes you're right, people will be looking for something that they can protect their asset but the problem is bitcoin is not as popular as other commodities, so it's less likely to people protecting their assets in bitcoin. gold will be a choice for people specifically in war. However, if the super-rich people in this world protect their wealth in bitcoin instead of buying gold, the price of bitcoin will go up even though the vast majority don't adopt it.

coin-investor

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Quote from: jonathan6655321 on January 04, 2020, 09:54:17 AM

I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.

There is an existing poll about this issue and you will find the majority of people voting that the Iran issue has nothing to do with Bitcoin pump
https://bitcointalksearch.org/topic/m.53562513, they consider the pump as mysterious in some ways, although I think Iran has something to do with it or just a coincidence of a sort.

Ludmilla_rose1995

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Quote from: jonathan6655321 on January 04, 2020, 09:54:17 AM

I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.

Maybe yes. Because I also think the same thing. I think when the war broke out, it was likely that the stock market would crash, so people would withdraw their shares and move them to crypto or gold.

Barbut

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We need to ask the right question, who will benefit from the situation in Iran? Why ask questions about the impacts of this situation on Bitcoin when Bitcoin doesn't have anything with that situation. Bitcoin will gain popularity in any way, but these wars around the world and all other bad things will probably speed that up.

FlightyPouch

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Quote from: goldade on January 09, 2020, 05:24:11 AM

I think the war will affect the price of bitcoin not negatively but positively. Since a war means an economy downfall, quite a number of people will want to secure their cash. And since will fiat will not be reliable, they'll be forced to secure their cash by pouring it into bitcoin.
This ultimately affects the price of bitcoin.

And I don't think not all of the people think as you are. Iraq is having casualties and I don't think those people know bitcoin or if they even use it. Another thing is that I don't think this war might happen since if it does, Trump is one of the worst President.

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Quote from: jonathan6655321 on January 04, 2020, 09:54:17 AM

I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.

I have already seen someone post this same topic in Bitcoin Discussion. I am not really expecting any changes that would be impacted by the situation in Iran.

Even if these things never happened the price of Bitcoin will still either go up or down, and we have all been expecting an increase soon due to the next halving. And despite the situation the price of Bitcoin has been going up, though that doesn’t mean it can’t drop back at anytime, but just so that people know that if the price should keep going then it’s not an impact made by this situation.

SquallLeonhart

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It all depends on how USA and Iran will continue to escalate these things, Iran for example supposedly just shot down a plane thinking that was a response from USA, 180 people dead all because Iran was afraid of USA attacking them that quickly, not that it was impossible but seeing how USA haven't responded just yet to something like this, I suppose they are taking the long road and that gives me hope that maybe war is inevitable.

If USA attacked back right away claiming national emergency and bombed Iran right away, that would have been start of a new war and probably at least 100k people dead in the region with only small percent being american and mainly Iranians. Now we have a chance for USA to sit back and consider the options and for the love of god hopefully pick the peace one.

Edraket31

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Quote from: goldade on January 09, 2020, 05:24:11 AM

I think the war will affect the price of bitcoin not negatively but positively. Since a war means an economy downfall, quite a number of people will want to secure their cash. And since will fiat will not be reliable, they'll be forced to secure their cash by pouring it into bitcoin.
This ultimately affects the price of bitcoin.

I respect your point, but for me I don't think that if there's a war situation like that, that people will prefer to secure their funds to crypto which I think is more risky compare to securing it in bank, so I think that people will hide or will cash out their money and hide it in their safe place rather than investing in crypto owhich also does not assure it.

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Quote from: barabarian1 on January 09, 2020, 12:49:37 AM

in fact I am quite doubtful that the rise in bitcoin yesterday was the impact of the conflict between Iran and America. But today when President Trump declared that he would not use military force to handle Iran's conflict, the price of bitcoin suddenly dropped again to $ 7k. so I think the Iranian and American wars have a little effect on the price of bitcoin.

Of course. The price increased when the conflict is still firing up, people tend to buy because of fear. But since the President already stated that he doesn't have any plan of making things big and have no intention of creating a war, some might have felt reassured already, that leads to the decrease of the price of Bitcoin back to $7,000.
Right now, let's just hope that we will get back to $8k

goldade

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I think the war will affect the price of bitcoin not negatively but positively. Since a war means an economy downfall, quite a number of people will want to secure their cash. And since will fiat will not be reliable, they'll be forced to secure their cash by pouring it into bitcoin.
This ultimately affects the price of bitcoin.

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Quote from: jonathan6655321 on January 04, 2020, 09:54:17 AM

I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.

I think if the war continue there is a big impact to bitcoin because we know that many country are getting affected and once that happen many are getting panic and they are selling there holding and the price will drop. Hope that war is not continue because many of our online business are getting affected especially bitcoin.

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Quote from: barabarian1 on January 09, 2020, 12:49:37 AM

in fact I am quite doubtful that the rise in bitcoin yesterday was the impact of the conflict between Iran and America. But today when President Trump declared that he would not use military force to handle Iran's conflict, the price of bitcoin suddenly dropped again to $ 7k. so I think the Iranian and American wars have a little effect on the price of bitcoin.

I think so too, the effect of the war on bitcoin is small, I think the most turbulent is the price of gold, where many investors want to shift their assets so that gold becomes a reference. but it could be that bitcoin becomes the second investment reference after gold, if a war occurs

Ozero

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So far, there are some signs that tensions between the US and Iran are not directly related to the rise in bitcoin prices a few days ago. In Iran itself, demand for bitcoin has not increased. In addition, when Iran launched a retaliatory missile strike on American bases in Iraq, by then the price of bitcoin had already begun to fall and fell in the future. Therefore, objectively, such a relationship is not monitored. Now Bitcoin has again dropped in price slightly below $ 8,000, according to CoinMarketCap, its price is now $ 7,963.

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in fact I am quite doubtful that the rise in bitcoin yesterday was the impact of the conflict between Iran and America. But today when President Trump declared that he would not use military force to handle Iran's conflict, the price of bitcoin suddenly dropped again to $ 7k. so I think the Iranian and American wars have a little effect on the price of bitcoin.

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Quote from: jonathan6655321 on January 04, 2020, 09:54:17 AM

I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.

Cryptocurrency maybe one of the best options in moving money in terms of crisis like this. Expect an inflow of money of crypto if the tension continue. Maybe it has slight impact but manipulators ride with news to create parabolic movements.

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Quote from: jonathan6655321 on January 04, 2020, 09:54:17 AM

I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.

You're right, that's the common mentality of many people. War certainly does not make the economy grow. And are the theories that people often withdraw money from the stock market and invest it in Gold and Crypto? I think it is true. because the price of bitcoin is now showing that and we see the crowd always believing in Bitcoin. so I think that when a war happens, the price of bitcoin will really increase, but for coins other than the top 10, I'm not sure.

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my friend told me if people start to stock bitcoin in Iran, i know they wont to lose their money, as much as possible try to stock their money in other shape and hold until the world balance. and the price really amazed, effected by demand, not war.

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Quote from: kodtycoon on January 08, 2020, 11:05:43 AM

i personally not sure the situation will have a big impact on the crypto market, because so far i only know the situation may have gotten worse or maybe a little better, but most importantly the price of every coin on the crypto market is still rising and even able to be maintained. so if only a bad situation happens then it will have a big impact on the crypto market, then at least the increase won't happen

I dont know whats the reason behind the price bump but to expect it coming from the fact that some countries is about to wage war is just feels really wrong.
i really think that this price bumping is all caused by the upcoming halving which is near and not because the fact that iran is waging war and the rumour of bitcoin having ridiculously high price in that country which maybe will only hold the price temporarily because they might consider bitcoin as temporary safe haven for their assets.

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Quote from: TinaK on January 08, 2020, 01:04:11 PM

People may utilise this situation and buy the bitcoins as much you can because investors will say bad about cryptocurrency using this situation and buy more.
At the same Iran is petroleum country and due to war panicking we may find the petrol bumping more.

it could be that the analysis you said could occur and affect the price of bitcoin, but I am not very sure that bitcoin movements will be affected by this problem. because many countries also do not want this conflict to be prolonged and certainly many are disadvantaged. so it is certain that there will be peace negotiations to find a solution. because Iran's oil producers also need a large budget in the event of a conflict and fuel cannot be sold optimally.

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People may utilise this situation and buy the bitcoins as much you can because investors will say bad about cryptocurrency using this situation and buy more.
At the same Iran is petroleum country and due to war panicking we may find the petrol bumping more.

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