How these events will affect crypto market?

Findingnemo

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Quote from: BITCOIN4X on March 24, 2022, 12:43:24 PM

Quote from: Findingnemo on March 24, 2022, 12:16:26 PM

Basically western countries are buying oil from Russia with USD, now US announced sanction against Russia so Biden expected every country will stop importing from Russia but its not literally possible overnight means still EU depends on Oil from Russia and now they have only choice is to buy oil with Rubles which is going to make the Ruble stronger and USD weaker in the near future.

Generally any government policies that affect the crypto market are only temporary, not long term. I remember well how China affected the market with FUD because of the ban they issued, but it was only temporary where the ATH happened months apart.

That's what I think about whatever problem is going on at the moment. The effect is only temporary because the government cannot control this free trade. Especially about bitcoin, it will be one of the good assets to have in any condition especially when inflation is everywhere. I only believe that FUD is only temporary which can be used more often by those who have other interests in crypto especially if they want to buy more assets cheaply.

Definitely cryptocurrencies are going to be more popular among people because day by day they are losing trust on the banking system which will definitely have long term effect as well but it will be more gradual and also that is good for the bitcoin too. As of now people can store their assets into cryptocurrency but the volatility nature of it may be a restriction towards it.

Baofeng

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And exactly after 2 weeks upon posting this thread, it seems that the market has turn into green, and now we just broke $44k. This is a great achievement amidst the negative thing that is happening around in Europe.

But we can't conclude in the events that the OP listed has something to do with the spike, maybe investors are just casting their money on the market because bitcoin and crypto are the best assets right now in this kind of very unstable situation. But we will see, everything looks positive, $45k will be the next target.

BITCOIN4X

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Quote from: Findingnemo on March 24, 2022, 12:16:26 PM

Basically western countries are buying oil from Russia with USD, now US announced sanction against Russia so Biden expected every country will stop importing from Russia but its not literally possible overnight means still EU depends on Oil from Russia and now they have only choice is to buy oil with Rubles which is going to make the Ruble stronger and USD weaker in the near future.

Generally any government policies that affect the crypto market are only temporary, not long term. I remember well how China affected the market with FUD because of the ban they issued, but it was only temporary where the ATH happened months apart.

That's what I think about whatever problem is going on at the moment. The effect is only temporary because the government cannot control this free trade. Especially about bitcoin, it will be one of the good assets to have in any condition especially when inflation is everywhere. I only believe that FUD is only temporary which can be used more often by those who have other interests in crypto especially if they want to buy more assets cheaply.

Erumo

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That is right move to do. US dollar should be weaker, as it is its real value must be lower than it is now. If US wont use money printer everytime financial crisis happens, there will be more believe in it. I dont believe in strong Ruble also. It is a talant to fuck up national currency that much. I am not a fan of EUR also. This artificial union will fall as soon as EU gets their asses burned by Ukraine-Russia war consequences, because everyone gonna solve only their own problems. All hail JPY.

Findingnemo

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Bitcoin = Financial freedom

Quote from: 7788bitcoin on March 24, 2022, 12:09:59 PM

Quote from: Findingnemo on March 24, 2022, 10:54:54 AM

Well, Russia replaced USD with their Ruble itself so the value of USD is going to fall if more countries followed the same as Russia is going to do. Also now every government may decide about adding some cryptos into their reserves if USD falls further.

What do you mean by Russia replacing USD and using their Ruble. Do you mean for foreign transaction or as their reserve currency. I am confused with your statement. Their Ruble is going down in valuation and even before that they were hit by sanctions and other trade restrictions and they were struggling and these new restrictions will suffocate them for sure and how they are going to overcome these is a big question.

I do not invest in Bitcoin expecting other external factors as it is hard to understand how the market would behave during certain things, everyone is expecting inflation and how the market would be is still a mystery as some would book their profit in the cryptocurrency space to over come other loss and if that is the case the market would go down.

Basically western countries are buying oil from Russia with USD, now US announced sanction against Russia so Biden expected every country will stop importing from Russia but its not literally possible overnight means still EU depends on Oil from Russia and now they have only choice is to buy oil with Rubles which is going to make the Ruble stronger and USD weaker in the near future.

7788bitcoin

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Quote from: Findingnemo on March 24, 2022, 10:54:54 AM

Well, Russia replaced USD with their Ruble itself so the value of USD is going to fall if more countries followed the same as Russia is going to do. Also now every government may decide about adding some cryptos into their reserves if USD falls further.

What do you mean by Russia replacing USD and using their Ruble. Do you mean for foreign transaction or as their reserve currency. I am confused with your statement. Their Ruble is going down in valuation and even before that they were hit by sanctions and other trade restrictions and they were struggling and these new restrictions will suffocate them for sure and how they are going to overcome these is a big question.

I do not invest in Bitcoin expecting other external factors as it is hard to understand how the market would behave during certain things, everyone is expecting inflation and how the market would be is still a mystery as some would book their profit in the cryptocurrency space to over come other loss and if that is the case the market would go down.

Findingnemo

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Bitcoin = Financial freedom

Well, Russia replaced USD with their Ruble itself so the value of USD is going to fall if more countries followed the same as Russia is going to do. Also now every government may decide about adding some cryptos into their reserves if USD falls further.

sana54210

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Quote from: lixer on March 18, 2022, 05:48:26 AM

Just like we shouldn't react too quickly whenever price goes down, we should also not react too harshly as soon as it goes up neither. We are talking about a situation where it is quite difficult for all of us to decide what will happen with crypto. I mean it doesn't mean that we should not be doing anything, of course react it in a way that you would be able to profit from it, but doesn't mean that we should be making a big deal out of it neither.

We need to learn how to make a good income from these type of moves, but if reacting to it right away as soon as it happens could lose you money, then maybe we should wait and see what happens first.

Making small adjustments is what you are trying to say. If you could make small adjustments daily on whatever the market is doing then you should be fine. If you go all-in as soon as you see an increase in price or a decrease, you will not be happy with the results. However, if you make small adjustments to it then you should be doing a lot better.

I personally believe that we will not make a big deal out of this, we will probably not go down a lot nor go up a lot, and that is why I try to make my adjustments (buy orders and sell orders) accordingly. If it goes to 38k I will buy some more, and even more at 35k, and a ton at 30k, that type of adjustments matter.

batang_bitcoin

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Quote from: Wexnident on March 18, 2022, 08:47:07 AM

Do DCA if you're unsure, though tbf we're all unsure so you'd probably either do that, not do it, or go for that 50/50 chance of losing your money. Honestly just spread your assets around to what you think would be affected by those specific events, though it being specific ig makes it hard to pinpoint exactly what to do in the long term, though shorting it should give you a chance of profiting well if you were able to read the market properly. Just do shorts if you're relying on events such as these to happen, speaking for the long term, you wouldn't really give a damn most of the time.

He should just be prepared upon taking the risk. There's no assurance on how long he can take the market with those events that might come to affect his decision.
But if it's about bitcoin, why worry if it's been the market leader for so many years and even until now, we're all aware how high it can go in the next years. DCA is really the strategy that he needs to follow if he's too concern with those factors.

19Nov16

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I think a large and strong community makes the position of Bitcoin not too disturbed by any condition, even when a difficult time is a pandemic and makes many types of investments such as drop stocks, Bitcoin actually grows positively, the prohibition of many countries never hinders Bitcoin's performance due to proven real adoption beneficial.

Sled

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Quote from: midori_samitto on March 11, 2022, 01:11:55 PM

Hi everyone, in these days where everything is happening I'm wondering a few things and I would love to receive your opinion.

How the crypto market will be affected by:
• Biden's new executive order, do you think that is going to pump the market these year?
• The election of Yoon Suk-yeol in South Korea, after his election the ICX price hit $1 and I wondering if it's just the beginning of something bigger or if this is just 'case'
• The Russian oligarchs that now their bank accounts are freezed, do you think they'll exchange their ruble with some crypto coins?

Thank you for your time.

It will affect the market and possibly decrease the buying demand and increase selling demand. But the effect on you becomes worse if you will listen to these things. Perhaps, everything is heated at this time but if we manage to ignore this news and focus on what we do (trading) this never increases your worries.

FUDs are going to exist and we do have not to deal with them. The market will likely gain an uptrend momentum. Keeping optimistic will help you become strong and have the courage to hold.

Wexnident

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Do DCA if you're unsure, though tbf we're all unsure so you'd probably either do that, not do it, or go for that 50/50 chance of losing your money. Honestly just spread your assets around to what you think would be affected by those specific events, though it being specific ig makes it hard to pinpoint exactly what to do in the long term, though shorting it should give you a chance of profiting well if you were able to read the market properly. Just do shorts if you're relying on events such as these to happen, speaking for the long term, you wouldn't really give a damn most of the time.

LogitechMouse

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Quote from: midori_samitto on March 11, 2022, 01:11:55 PM

How the crypto market will be affected by:
• Biden's new executive order, do you think that is going to pump the market these year?
• The election of Yoon Suk-yeol in South Korea, after his election the ICX price hit $1 and I wondering if it's just the beginning of something bigger or if this is just 'case'
• The Russian oligarchs that now their bank accounts are freezed, do you think they'll exchange their ruble with some crypto coins?

Three words to answer all of that. We don't know.

Are you a trader? If yes then you will be having a hard time getting profits if you are just basing your trades in the fundamentals or news. Instead on focusing on news, focus on the technical aspect of it. View the charts because it will help you more compare to news because a positive news doesn't mean the market will pump and vice versa. We've seen many good news already that doesn't have any impact in the market and we've seen bad news and no effect in the market.

lixer

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Quote from: bitterguy28 on March 16, 2022, 09:57:12 PM

Quote from: Vaskiy on March 14, 2022, 10:00:32 AM

There's a big expectation on the Biden's executive order to make immediate impact on the market. To the expectation there is no big change in the market. The market continues to be bearish, and this executive order will surely have some positive movement on the market long term. The order has got seven key points among which two are for the consumer protection. He has also requested the digital assets platforms to function along with the government to rule out the usage of cryptocurrencies on illegal activities. These are to make long term benefits which will make slow and stabilized progress in the market.

Well the effect seems stays shortly ? because now Bitcoin recovers back to 41k and i think have a chance to increase more?
though Biden's executive order shaken the market recently but yet the effect seems weak ?
or we are waiting for more feedbacks specially in crypto market and whales?

Anyway many events had been in the air for some time now and the effect really shows the volatility of the market.

Just like we shouldn't react too quickly whenever price goes down, we should also not react too harshly as soon as it goes up neither. We are talking about a situation where it is quite difficult for all of us to decide what will happen with crypto. I mean it doesn't mean that we should not be doing anything, of course react it in a way that you would be able to profit from it, but doesn't mean that we should be making a big deal out of it neither.

We need to learn how to make a good income from these type of moves, but if reacting to it right away as soon as it happens could lose you money, then maybe we should wait and see what happens first.

Yaunfitda

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Quote from: Captain Corporate on March 16, 2022, 02:32:19 PM

Quote from: fzkto on March 16, 2022, 01:16:29 PM

Maybe p2p could still be a thing there? I mean there must be some people with crypto who need cash, and some people with cash and want to protect their value and get crypto for it. Who knows what would happen, but the person who bought bitcoin right before these started, and now can sell it to p2p with a mark up, would be able to make so much money there. Iran famously had similar things and always had a bit higher than usual amount. I remember their ATH during 2017 was 24k for example, not insanely higher, but another %20 on top of the ATH is still not bad at all and could be leveraged in Russia now as well.

But what will they do with their cash though if they can't used it? p2p might be a good option for them but if you have to think, if stores are close where do they going to spend their cash?

Maybe some will go and put everything they have in crypto and just enough cash in hand just in case and hopefully we can still go up to at least $50k so that it won't be a waste of time for them to have their wealth in crypto at this point.

doomloop

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Quote from: Vaskiy on March 14, 2022, 10:00:32 AM

There's a big expectation on the Biden's executive order to make immediate impact on the market. To the expectation there is no big change in the market. The market continues to be bearish, and this executive order will surely have some positive movement on the market long term. The order has got seven key points among which two are for the consumer protection. He has also requested the digital assets platforms to function along with the government to rule out the usage of cryptocurrencies on illegal activities. These are to make long term benefits which will make slow and stabilized progress in the market.

That is what they say that an e.o or executive order can lift the price upwards. I don't know what is the e.o all about but thanks for giving me a hint, I know that it has something to do with the regulation of the digital assets and that includes cryptos already?

But, I don't think all are in favor of strict regulations so I also don't think that the price can rise right after the bill has passed or maybe it can? as they can make crypto more legal and a country will now adopt it. Consumer being protected is no doubt a good thing though, this can make someone confident about cryptos knowing that crimes can now occur lesser or the money can now possibly be recovered once it got stolen by criminals.

Drnice

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At times I try to compare the two forms of market which we have, which are the forex market and the crypto market. I some how see that the way fundamental analysis affect the forex market is not really the way it does to the crypto market, though it has its impact for sure.

With the look of things and echoes of war and stuffs like that has filled the atmosphere the, cannot really be predicted with a good direction of where it's going. The crash of ruble makes the outsiders to look at the people turning to the crypto community to reduce the losses coming from their own currency. If this was at the earlier stage of Bitcoin, then we will see a good turnup in the price of Bitcoin, but instead, we still see the up down movement of Bitcoin with no stabilized trend yet.

Jumping into the market without proper precaution will lead to something disastrous and going in with an amount that won't hurt when lost will be a helping edge for a new start.

These events will affect on either sides, it might be the good uptrend first then the other side becomes the reverse.

bitterguy28

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Quote from: Vaskiy on March 14, 2022, 10:00:32 AM

There's a big expectation on the Biden's executive order to make immediate impact on the market. To the expectation there is no big change in the market. The market continues to be bearish, and this executive order will surely have some positive movement on the market long term. The order has got seven key points among which two are for the consumer protection. He has also requested the digital assets platforms to function along with the government to rule out the usage of cryptocurrencies on illegal activities. These are to make long term benefits which will make slow and stabilized progress in the market.

Well the effect seems stays shortly ? because now Bitcoin recovers back to 41k and i think have a chance to increase more?
though Biden's executive order shaken the market recently but yet the effect seems weak ?
or we are waiting for more feedbacks specially in crypto market and whales?

Anyway many events had been in the air for some time now and the effect really shows the volatility of the market.

Oceat

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Quote from: Raymond Gary on March 16, 2022, 04:15:26 PM

All these are fundamental that could help spice upward or doward of the price of Bitcoin but cannot change the overall direction hence may have effect on the price or may not.
The Executive order and the election in general still have their roles to play in the price of Bitcoin

It seems that almost everything is interconnected with the flow of the market especially the crypto market. The way this crypto market move these days are unstable it doesn't look like some people are holding since the price keep changing to the point that it goes back and forth with the price of $38k to $40k and if OP is planning to invest, he might make a quick decision now since we never know when or what would going to happen in the market especially that we have are in a world crisis right now.

Raymond Gary

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All these are fundamental that could help spice upward or doward of the price of Bitcoin but cannot change the overall direction hence may have effect on the price or may not.
The Executive order and the election in general still have their roles to play in the price of Bitcoin

Topic: How these events will affect crypto market? (Read 408 times)