How the situation in Iran might impact Bitcoin - page 4.

plast555

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Quote from: Shinpako09 on January 05, 2020, 07:33:38 AM

I don't think so. I don't have any wow reaction when I read that btc price in Iran rose to $29k. It doesn't hype me even in the slightest. Simply because real price worldwide doesn't have such gap. We've got a few hundred of bucks increased but I doubt it is because of situation in Iran. Maybe it is just a normal rise. Iran is still far away compared to other countries that makes impact if there's a news from them. If Iran's situation really have an impact, we could have feeling it right now but look only few got hype that's why the price isn't showing some unexpected increase.

True that Iran BTC price is just because of the local supply and demand. But their news will definitely have an impact Since Iran being the world's fourth-largest supplier of oil. Oil supply might be affected which results in increased oil prices thereby increasing all other prices as a chain reaction. Yes, there will be reserves from other producers to mitigate that but it will not last for so long.

wheelz1200

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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.

Honestly I dont think much of anything in the grand scheme of things. Commodities that are affected in times of disdain will likely move, i.e. oil, but bitcoin wont feel the effects of any conflict unless it turns out to be a huge world wide issue. If bitcoin goes up then people will like to tie it to some event like this but in reality there are always instances of mere coincidence that happen that get unjustly tied together.

davinchi

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This is one of those things where Americans have no clue about how things work and just like to make speculations about. You can make speculations about bitcoin price, hell there is even a section about it but if you are not a soldier and never been to middle east its best if you don't make speculations about war in Iran or any potential other place.

I have been living around those regions all my life and if USA wants to attack a nation that means there has to be some corporations involved that would make some profits from it. USA spent 1 trillion dollars of tax payers money per year they were in war with IRAQ but that returned as billions of dollars of profits to some lockheed like companies, plus votes for republicans. The elections are nearby and as long as impeachment continues and elections pick democrat, that war is literally impossible.

Peashooter

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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.

War is not a great idea to think but of course we have to protect our country in every possible way and that is what i think about U.S and when it comes to iran I guess at this point we dont see anything that might affect us because of the war but what we didn't know is that there would be some people in iran who has his or her investment here on Bitcoin or even projects and because of the war they have to prioritize themselves and their families'safety which may have a direct impact to those people who supported their lrojects all throughout that because of the war they might have a wait for long or even thing that they might no have the money that they don't invest and of course people in iran longs for long term peace and safety.

Debonaire217

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I don't really believe these two or more countries will try out and start the war formally, both have nuclear powers and the united nations will not allow that to happen. Though, with the bitcoin price increase concerning this matter, I think I am in a middle to think if I would be happy or not having war with huge bitcoin price or consistency in bitcoin's price but with peace.

Eclipse26

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I'm still in doubt that war might happen. Although there's already a tension happening between the two country, people of their country don't want war. It's like a war of rich people. They will gonna spend most of their money on weapons and armor. We're already on different era. It's where people are powerful than the government. They are just manipulating things they mainly produced but since crypto isn't what they mainly focused, I don't think it will give much impact as of now.

plast555

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Quote from: Sadlife on January 05, 2020, 06:34:21 AM

Most likely yes, if the war between iran and US occurs, well it most likely started. People might seek for a safe haven in assets like gold, oil and bitcoin. The citizens may already have seen what happened in other neighbouring countries like Afghanistan and Syria where it had an economic collapse due to war, people are just scared and migrating their money in order for them to not go bankrupt.

Of course the tensions are at peak anything can happen now but we cannot assure that war has started. None of the nations like war as it affects the world economy which is already slowed down a lot. On the contrary several markets are at peak despite the slowed down economy several analysts expects correction this tension might fuel those corrections. If war happens obviously all the commodities price will increase especially Gold, Oil, and Bitcoin. Bitcoin would see more upside than others in my opinion because of its advantages over gold and other commodities

beerlover

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Everyone is looking at this like something major is about to happen, nothing will happen, the elections are in November and Trump is trying to unite his followers under his command and manage to get all of them to go out and vote instead of staying at home (even tho republicans are known for going out to vote, Trump is not liked by some of them so they may not vote, specially independents) but with this "war" brewing he may actually get all of them to go out and vote him in so he can continue the war, as soon as he is elected the "war" that will never happen will just go under the rug and everyone will forget, as soon as a democrat is elected they will simply say sorry to Iran and it will be over anyway, so basically this will go on like something will happen until November without anything happening and then stop after election.

luckyflop

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I think it does not affect too much of this market and Bitcoin, the War between the US and Iran is causing the price of oil and gold to rise rapidly. The current gold has broken ATH and continues to go up while Bitcoin has only slightly increased. There is clearly no influence on this market, the price has increased only a little because this community's fomo.

BigBos

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Quote from: Debonaire217 on January 06, 2020, 05:15:34 AM

With the recent news and tension concerning Iran and the US, there is allot of news concerning bitcoin price increase. Though, it is evident in the vicinity of Iran and US, its impact to the world could be experienced from the people outside of the tension that will believe in the possibilities it could give to make the bitcoin's market price to go up high.

it's all about transactions. I believe that when a problem like this occurs, the transaction will be difficult to do. people will think of a fast path that can be done to make transactions without difficult conditions. so, I think this will lead to crypto, specifically bitcoin. because of this, I think that a situation like the one between the US and Iran could affect bitcoin.

agentx44

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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.

Even if we are not talking about Iran, we all know that a war would cause detrimental effects to any aspects. In crypto, it might decrease most of the coins value as everyone gets busy on maintaining the peace. People will lose time on their investment and as a result, the value will keep on falling continuously. Some may take the opportunity to buy crypto as its value falls but the risk of dying will increase which makes you unable to use the crypto you bought in a cheap price.

fortunecrypto

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Quote from: Deathwing on January 04, 2020, 09:56:35 AM

My thoughts? Nothing.

That's also my thought, these are not two superpowers colliding, although there is an impact on the price of oil it was broadcast here in our place, this conflict, and news will die down in a few weeks but expect retaliation coming from Iran but not like what US did to them.

Debonaire217

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With the recent news and tension concerning Iran and the US, there is allot of news concerning bitcoin price increase. Though, it is evident in the vicinity of Iran and US, its impact to the world could be experienced from the people outside of the tension that will believe in the possibilities it could give to make the bitcoin's market price to go up high.

alexsandria

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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.

Some people might be doing the same thing. But I don't think Iran were just going to fight back heads on with US. Well, such war may have an indirect effect to crypto space however this could potentially may going to be a huge one if war did happened to start. Nevertheless there would be at least a drive to price changes even a little. Otherwise like shutting down, I don't think that crypto would be ever going to such situation.

uray

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Quote from: abhiseshakana on January 05, 2020, 10:53:43 AM

I hope that war will not occur in Iran, when the country is in a state of war, as citizens we will not worry about our assets, but worry about safety and supply of basic necessities. So the conditions in Iran will not affect the cryptocurrency market.

By killing an Iran leader the US started the war and the biggest question is how the situation will go because if Iran attacks the US bases in surrounding areas then a full fledged war will be the result, i do not think Iran will sit idle with the actions, but they plan on doing is everyone's guess.

Quote from: 1Referee on January 05, 2020, 08:18:20 AM

Fake news yes. Plenty of articles have been updated already but their headlines remain because they obviously don't want to lose any clicks.

Plenty of click bait articles surrounding the situation and that is how they make the money when there is headline, they twist and turn everything and the reality they present will be far from the truth.

Landak

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Quote from: ?? on ??

I don't think it will have much effect on Cryptocurrency if World War 3 will occur because capital owners will withdraw their assets and will buy gold as a safehaven asset. So the world price of gold will certainly soar, but if big investors choose Bitcoin than gold then it is certain the price of Bitcoin will increase dramatically.

does not seem to have an effect on global cryptocurrency prices, I just checked information on google that 1 bitcoin is worth 313 million Iranian Rial or about 9.4k usd. there is indeed a rise but in fact globally, the price of the btc still has not changed or there is no price movement following the conditions in Iran.
I expect bitcoin to rise but I really don't expect Iran and the U.S to declare war, because the impact of the war will expand globally.
-please don't let World War 3 happen--

by the way, I found 2 different articles about bitcoin prices that happened in Iran.
https://cointelegraph.com/news/bitcoin-selling-for-24-000-per-btc-in-iran-as-us-tensions-escalate
the second news because Misleading Exchange Rate was the Culprit
https://beincrypto.com/no-bitcoin-is-not-selling-for-24000-in-iran/

abhiseshakana

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I have never been in a state of war, only based on the description of my uncle who had served as a peacekeeping force in a conflict area in Nepal, there were no more serious problems in this world than the life and death problems faced on the battlefield.

I hope that war will not occur in Iran, when the country is in a state of war, as citizens we will not worry about our assets, but worry about safety and supply of basic necessities. So the conditions in Iran will not affect the cryptocurrency market.

Many investors have withdrawn their investments from Iran, not only because they are worried about security instability, but also the absence of investment security guarantees from the Government, besides the embargo imposed by the US, influencing other countries' policies towards Iran. There are no eternal friends and foes, only eternal interests.

darkangel11

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Quote from: 1Referee on January 05, 2020, 08:18:20 AM

Quote from: clickerz on January 05, 2020, 07:13:21 AM

I think from previous news it reaches already to $27,000 per BTC. BTC is a safe haven and option for them since they can buy BTC and go abroad without the risk of being confiscated. BTC is handy and flexible which is a good option for them especially in the situation like this.

Fake news yes. Plenty of articles have been updated already but their headlines remain because they obviously don't want to lose any clicks.

Including the slight premium, the price of Bitcoin didn't exceed $7700 in Iran, which is much, much different from the +$20,000 figures news outlets are misleading their readers with. I'm really glad that people in Iran stood up and popped the moon boy bubble quickly by stating the truth. It's quite funny how easily people take news for granted in crypto. Roll Eyes

If you think logically, the situation in Iran doesn't even justify any serious premiums. DYOR.

It could have been an honest mistake by the person who came up with the news and then people got crazy retweeting it and so it went.
I'm saying honest because not many people know that Iranians have 2 currencies the official Rial and commonly used Toman that equals 10 rials.
Also the price of rial is undergoing crazy changes. For example they changed the value of toman in 2019 even though it's not the official currency. So the government passess bills to decide the value of the currency that they don't even issue anymore.

1Referee

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Quote from: clickerz on January 05, 2020, 07:13:21 AM

I think from previous news it reaches already to $27,000 per BTC. BTC is a safe haven and option for them since they can buy BTC and go abroad without the risk of being confiscated. BTC is handy and flexible which is a good option for them especially in the situation like this.

Fake news yes. Plenty of articles have been updated already but their headlines remain because they obviously don't want to lose any clicks.

Including the slight premium, the price of Bitcoin didn't exceed $7700 in Iran, which is much, much different from the +$20,000 figures news outlets are misleading their readers with. I'm really glad that people in Iran stood up and popped the moon boy bubble quickly by stating the truth. It's quite funny how easily people take news for granted in crypto. Roll Eyes

If you think logically, the situation in Iran doesn't even justify any serious premiums. DYOR.

sovie

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I don't think bitcoin will be in any way effected by this war as there are very few places where this currency can be used. Its purely a speculation. Iran is one of the biggest oil producer. Oil prices may fluctuate due to this but no chances of bitcoin. I strongly suggest stay away if any rise in price of bitcoin is seen to avoid any damage.

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