Topic: In times of war, Gold rises. What about Bitcoin? - page 5. (Read 740 times)

In answer to the question in the title, it is certain that the price of Bitcoin will improve compared to the period before the war crisis, unless the Bitcoin market was naturally prosperous before the outbreak of war. The reason for this is due to the increase in people’s need (during war) for a payment system that avoids them using cash, because during crises services decline and making exchanges becomes more difficult as the conflict lasts longer. Also, periods of war are always accompanied by a wave of sanctions that limit the arrival of financial aid through official channels for the country hosting the conflict, then the use of crypto becomes the best available refuge. Of course, the rise in altcoins prices is always accompanied by a recovery in the price of Bitcoin.

Bitcoin has been and remains one of the most high-risk assets. And no matter how many enthusiasts say that bitcoin is gaining momentum and the number of its holders is growing, but people still don't really trust cryptocurrencies. Gold, as before, remains a currency that seems to be ready to preserve the savings of those who invest their money in gold. Therefore, when times are bad, people withdraw money from bitcoin and invest in gold. Perhaps this will change in the future.

The thing is world economists set gold as a standard in the economic system which means that everything will be done in the world by comparing it to gold and whenever in the world any dispute or tragedy or disturbances occur in the trading system there is a slight move in the gold price like check the price of gold before Ukraine Russian war and then check it now you will find the difference and in my country, the price is so high as because of inflation in our country. According to my own understanding, the war does not affect the price of bitcoin because bitcoin is a decentralized system that has no relation to these wars, etc so maybe this is the reason for it but I am not sure may be it totally wrong.

Im not bothered about the asteroid story especially, the logistics will not be profitable so far as I know.   My source for that is the process of mining anywhere is never especially straightforward and it all costs.   When the world has infinite energy gold might not matter then.  Gold price is already lower then it should be is my take considering all the new dollars.   In any case gold is a market with a gait a decade long, China will still want to buy all the gold in ten years without spiking the price so thats really slow.  
  BTC alternatively I think is far more bullish just because its not at all like gold, the supply is not reactive and subject to increase with price or various technologies.    So when we look to predict price strength, BTC being quite level in this area is still bullish even when its boring if its holding high like I consider prices in 20's to be high then its good.   Very hard to predict the spikes and highest prices that happen with BTC but its been ok in its lull and lows.

Here's the thing about popularity, gold has been known as a valuable asset for thousands of years, not just now. Although I don't know much about economics, after the war the price of almost everything increases, so it is natural that the price of gold will increase.
In this case, if I talk about Bitcoin, only those who are connected to the Internet in the modern world have an idea about Bitcoin, in this case, it can also be seen that there are many Internet users who don't know about Bitcoin. Then there is the risk, there are many nonsense news channels about Bitcoin as well as many people who spread FUD. I will not say that there is no risk because Bitcoin is a highly volatile coin in which if you invest for long term holding and need funds in emergency period then there is a possibility of facing loss and that is very less in case of gold. So overall everything has an effect here. Still, I think there will come a day in the future when people will prioritize Bitcoin over Gold.

I don't know if war has anything to do with BTC, which indirectly is when people have a lot of money and they are finding ways to store them in better places, where it would be saved from the war. Of course, Gold is the first priority of everyone then comes BTC. And the war you are talking about is not new, it has been active for many years, only this time, Hamas strikes back with some power, and every country has shown there support to the respective country.

And BTC is going up, and reached $28k. Maybe at the time of creation of this topic, it was not near $28k but now it crosses $28k and now I think it will retest the $27.5k. Well, if War is the reason, then BTC enthusiasts would be praying for war hehe. Well, joke aside, I know wars are no joke.

And investors did trust BTC as a store of value, the thing is, there are less investors of BTC then the gold have. That's why Gold is rising while BTC was not, but now BTC is also rising.

Bitcoin and gold are a good store of value, but gold is the top-rated in the world when compared to Bitcoin, so if gold is rising now because of the wars happening, then there will also be a day when Bitcoin will also rise more than gold. Maybe, not during a war period. It might be a time when people are rejoicing.

Bitcoin hasn't gained one quarter-half of everybody in the world. But a time will come when Bitcoin will rise more than anything in the stock market, but what I observed is that Bitcoin is not in a hurry to skyrocket more than other products on the market. Now, Bitcoin is a thing that goes through a gradual process. Now that Bitcoin hasn't increased beyond expected, it's also given people more chances to buy and hold until the appropriate time for it to skyrocket.

Yeah, I just saw it. Damn! Pure manipulation using the news. And because investors are all eyes on Bitcoin waiting for the ETF to be approved they used that to take advantage of them. This is not good, someone or some company should be sued for this. I bet a lot of victims will probably come out to show their support and not let this happen again.
They found a hole, they abused it. If this can keep on happening in the cryptocurrency industry then more investors will just pick Gold instead of Bitcoin and that not going to be great news for all investors whose assets are in Bitcoin. It's scary that just one piece of news can rock the Bitcoin market and yet they are just apologizing for it and maybe fire one of their employees after pinning it to him/her and say it's all okay now. That's absurd.

I think that's quite late as the price has risen to $28,200 just now. The day hasn't ended yet but we've been seeing rises as of this day and likely to continue. But it wouldn't be surprising if the day after tomorrow starts to see its correction.

Maybe just something else because despite that we're already many in this community and trusting Bitcoin. There are more people who lack knowledge about it and haven't heard any word about it. And even if many of them have heard already about it, they just don't like Bitcoin because they prefer more the traditional assets that we all know.

Gold gets more valuable because during crisis it becomes more scarce and because it can be accepted almost by everyone because they know that it is and the value it holds. When people fully understand that bitcoins share same quality with gold as being scarce and can still be accepted in every country, Bitcoin will follow the way gold behaves now. Bitcoin is even easier to carry around than gold. Imagine someone that so many gold, It will be difficult to carry in a crisis.

I am surprised that you start a topic like this without checking the facts, and they say the following:

The price of gold in the last 7 days is up an incredible 3.44%, and the price of BTC in the same period is only 2.47% - where do you see any significant difference in this that is worth discussing?


Unfortunately, I don't believe that this is possible considering that you asked similar questions in the past and did not take all the answers into account. It is completely pointless to compare gold and Bitcoin, you should have learned that a long time ago.

The truth is unconventional, and it's that Bitcoin will rise when "people" stop trying to take credit for its rise. This should enable other people know exactly why it's rising and truth will be established.
I still find it strange how desperately certain people and even the media try to hide the cause of the increase. Maybe they are trying to cover past lies?
Anyway, we always look for the perfect time to get peoples attention to the truth, but even if we choose Saturdays, they will also choose Saturdays to spread some wrong fundamentals (centralized ones especially) or news related to this fundamentals to make things look like they are responsible for causing the price to increase. This is thesame issue we experienced in their world. They behave like very hardened criminals desperate to take credit for everything. What really helps those who deserve the credit are evidence of past records of pasts predictions of the future.
 Hope you now know who is preventing Bitcoin from rising. It's those trying to take the credit (or give others the credit) for price increase. If they can be stopped, it will rise immediately.
One of our countermeasures is to tie the price increase to something they love or cherish, so that if they continue to prevent the price from rising through this behaviors,what they love or cherish will also suffer. We hope to do this morally.

I will not rush to check for bitcoin surge because of the war in Israel and Palestine, moreover we didn't get surge expected surge in Ukraine and Russia. And we could be looking at the effect of the war if these two regions are bitcoin unrestricted areas and miners. Gold will not be compared with bitcoin in this light because it is already established and all countries have no restrictions against gold. So, we are going to see how prices will interfer when other friends of those countries start to show their support and influence.

the thing is that, at time of war, people only converting their wealth to other form to preserve the value.
if there's nothing wrong with the usualy fiat, i'm pretty sure they won't move their wealth over to the other form like gold and bitcoin.
it only at time of crises that opportunity arises for bitcoin to gain higher valuation.
so basically, only when people feel that their wealth value gonna plummet that they would resort to invest in either gold or bitcoin, even if its at war condition if the fiat holds up pretty well, no reason to switch over.

https://twitter.com/BitcoinMagazine/status/1713915538471076007

Regardless of how this happened, there is new news now, if you look at social media, Blackrock has received approval to release their EFT. This is marked by a rapid increase in Bitcoin. For this reason, I don't know if there will be an influence on the war that occurs, but I look at it from the other side, because war interference would be unrealistic for Bitcoin, even though we have seen a lot of fundraising by accepting Bitcoin as an option. Now Ukraine is no longer providing information about the assets they received after getting millions of dollars from donations of Bitcoin and several other altcoins.

The increase in gold that occurred could be caused by other factors that we don't know, in the midst of the conflict what is most needed is emergency funds, medical supplies, food, warm clothes, and clean water. To secure assets or as a suggestion for storing value, I think this condition applies in some areas outside of conflict.

How fast it surged to $29,000, was also how fast it crashed under $29,000. It was a mere pump and dump that started from fake news/false information that was posted everywhere that I-SHARES Spot ETF was already approved today. We haven't seen that kind of surge from fake news since the days of the bull cycle. Hahaha. It's actually very exciting.

Update: $29k now.
Looks like the Grayscale Bitcoin Spot ETF is near approval. With the recent news that the SEC won't appeal against Grayscale, more investors are coming in which means the demand also climbing.
About the war, I think it's always the gold that will go up because many investors are still trusting this more than Bitcoin. We are not there yet where they will run to Bitcoin when there is economic distress brought by the war. We cannot take away the traditional belief of many people about trusting more the things that they can physically touch than money on the internet and gold is one of the definitions of that.
Well, I am not against it. When something really bad does happen, I bet many people will trade their goods for gold rather than Bitcoin especially if there's no internet coverage anywhere.

Probably not, but that will come sooner or later. Gold has always been the traditional Store of Value/Safe Haven asset for centuries. We merely can't expect people to trust something new like Bitcoin which has existed only for less than fifteen years, against something that has been in use by human civilization for more than one thousand years.

Plus it's the Central Banks that has been buying Gold. Is that suggesting that a large-scale Regional War is coming? Perhaps. But what's coming during a large-scale war is large-scale BRRRRR-Money-Printing. It's going to be VERY GOOD for Bitcoin.

This is where you have to understand the difference between bitcoin and gold.
Gold is an established standard, plus high liquidity and low volatility.
Bitcoin does not have these properties. Especially in light of some problems with cryptocurrency, namely regulatory restrictions that resulted from the use of cryptocurrencies in various not very good cases, its use and value may be limited. But this is my personal opinion

Gold has a long history as a store of value, and it tends to rise during times of conflict or economic instability because it's seen as a safe haven asset. People turn to gold as a way to preserve their wealth when they're unsure about the future of Bitcoin.

Bitcoin is a relatively new asset class, and its behavior during geopolitical events is still not entirely predictable. While some investors view Bitcoin as "digital gold" and a store of value, it doesn't have the same level of history or widespread adoption as gold.