Iran strikes Israel. Crypto crashing heavily... - page 4.

WatChe

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Quote from: Ale88 on April 14, 2024, 01:34:20 AM

So you're saying that it is a simple coincidence that Iran "attacks" Israel with some drones and pretty much at the same time the market drops? I don't think so. I remember that few years ago, when Russia officially attacked Ukraine, it happened exactly the same thing, all markets crashed immediately. We are already recovering so I don't see it as a big deal but for sure it wasn't a coincidence.

There is nothing to worry as long as price of Bitcoin is over 60k$. We saw similar type of volatility back in Jan 2020 when Irani General Qasem Soleimani was killed by U.S. forces in Iraq. Price went down to 62k and has recovered back to 64k after news broke out that Iran has attacked Israel. Halving is just approaching, don't pay much attention to such dips rather HODL you Bitcoin tightly for the big meal.

Ale88

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Quote from: BitMaxz on April 13, 2024, 06:33:21 PM

I don't think that's the reason for the price crash and I don't think it's a crash if it was a crash it fluctuate to the bottom but it's not.

So you're saying that it is a simple coincidence that Iran "attacks" Israel with some drones and pretty much at the same time the market drops? I don't think so. I remember that few years ago, when Russia officially attacked Ukraine, it happened exactly the same thing, all markets crashed immediately. We are already recovering so I don't see it as a big deal but for sure it wasn't a coincidence.

btc78

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Quote from: seoincorporation on April 13, 2024, 06:33:12 PM

You have a good point here, is a big coincidence that the attack and the price crash happened back to back.

Well there was really an expected crash right before halving and even shortly after halving. Although I am sure that the attack also had some impact on the market dip. Is it the primary reason why? Probably not.

What will happen next would be very crucial for the economic situation all around the world.

sheenshane

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I don't think that would be the main reason why the Bitcoin price crashed, it might have contributed a little but not the main factor.
Not only cryptocurrency price was affected, look at the stock market, it was also the same on the crypto market.

But instead, think about it when there's an opportunity to buy during deep rather than thinking negatively.

This is my answer to your pool.

I dont care
Bitcoin will cross $100k

God bless u

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Quote from: SpaceSuite on April 13, 2024, 06:23:54 PM

Khamenei tweets about punishing Zionist regime: https://twitter.com/khamenei_ir/status/1779250053909028956
Iran launches air attack on Israel
Israel tweets about Sirens over Jerusalem: https://twitter.com/Israel/status/1779280619979030535
Israel-Iran War Fears Suddenly Spark $500 Billion Bitcoin And Crypto Price Crash

What is next? Roll Eyes

I think crypto will not be that much affected unless and until other countries will jump into this war. There could be two possibilities:

Either major exchanges will shit down trades due to the major setback by the ongoing war and the crypto market will suffer..

Or it's the strategy of big players to liquidate the portfolios of many trades so that they can have a healthy Profit. Now we have to keep an eye on the ongoing conflicts and make our decision.

adaseb

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Yeah I didn't think it was related however it started to crash at the same minute that the news was released about the Iran attack. I wonder how the markets will open up in a few hours. I am guessing that oil will spike up and the major indicies will all be negative as they are gearing up for a risk-off type of environment this week.

Its been a while since we have seen -30% in 24 hours on some type of alt pairs. Its crazy seeing Solana basically spike down from $160 to $140 yesterday and you think its the bottom but the next day it spiked down from $140 to $110. I think something like $10B in open interest was wiped in the last 2 trading days.

onecall123

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You're really suggesting that Bitcoin's drop is related to the possibility of a new war or World War III? For me, it seems like just a coincidence, and I don't think it's directly related. Bitcoin's drop was caused by events unrelated to its protocol. When Bitcoin goes down, other markets tend to follow. Considering Bitcoin's huge market cap, this drop is relatively small. It might be worth looking into some lower market cap options.

By the way, if you liked Bitcoin at $73K, you'll probably love it at $62K. However, holding isn't always the best answer. It's important to learn to trade and take profits when you can.

mindrust

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Good. “I don’t care” is the leading answer in the poll. That’s how it should be. The last time when the world was ending it costed me an arm and a leg. I ain’t paying shit this time. Iran is a dog that barks but can’t bite anyway. It is all an act.

Think it like this:

If the world ends, we all die. So it won’t matter what asset you have anyway. If not, somebody somewhere will need your crypto.

Poker Player

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Quote from: BitMaxz on April 13, 2024, 06:33:21 PM

I don't think that's the reason for the price crash and I don't think it's a crash if it was a crash it fluctuate to the bottom but it's not.

I agree. I think the strike is one of the reasons for the decline. Another could be tax day, as DaveF points out, but I think another important one is the recent inflation data in the USA that changed the expectations about the rate policy, and that has affected the markets in general.

Fara Chan

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Quote from: SpaceSuite on April 13, 2024, 06:23:54 PM

Khamenei tweets about punishing Zionist regime: https://twitter.com/khamenei_ir/status/1779250053909028956
Iran launches air attack on Israel
Israel tweets about Sirens over Jerusalem: https://twitter.com/Israel/status/1779280619979030535
Israel-Iran War Fears Suddenly Spark $500 Billion Bitcoin And Crypto Price Crash

What is next? Roll Eyes

Crypto has not collapsed badly even though Bitcoin and most altcoins are experiencing price declines at the moment. Indeed, war between countries could affect the market, including the crypto market itself, because in the crypto market there are also many old investors and also novice investors whose minds are still immature in maintaining their assets in every condition. So the current decline in the price of Bitcoin and altcoins in the crypto market could be due to the influence of panic among only a small number of investors. So stay calm because it is not the end of everything because in five days we will all be heading to the Bitcoin halving.

kotajikikox

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Quote from: SpaceSuite on April 13, 2024, 06:23:54 PM

Khamenei tweets about punishing Zionist regime: https://twitter.com/khamenei_ir/status/1779250053909028956
Iran launches air attack on Israel
Israel tweets about Sirens over Jerusalem: https://twitter.com/Israel/status/1779280619979030535
Israel-Iran War Fears Suddenly Spark $500 Billion Bitcoin And Crypto Price Crash

What is next? Roll Eyes

Israel have been in war for how many years , and this is not a new thing for these 2 countries to have disagreement and have such kind of conflict , but what is new here is that you manage to connect about "The End of Crypto in the Poll, why in the hell this war will end cryptocurrency market?
is there a big reason that this will take place? Russia and Ukraine have been in war for years now but do the end of market happened? sorry but I voted for "I Don't Care" because that is the true thing here, I would rather watch cartoons than listening to Israel and Iran having war because they are one of the countries that don't seems to have peace any time soon.

Skybuck

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There can only be one conclusion:

Cryptocoins sold to finance break out of war/fight Israel vs Iran.

fuguebtc

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The cryptocurrency market has experienced worse things like Covid, the Russia-Ukraine war and it always emerges stronger after every black swan of the world, so there is no reason to be afraid of a war between Iran vs Israel. Although these black swans come suddenly and are hard for anyone to predict, to me, all the news is just for market makers to turn them into reasons to manipulate our psychology. Many people started to panic and sell their bitcoins and assets and that's why the market turned red. But I believe everything will soon pass and those who sold bitcoins will soon buy them back at a higher price. Don't let whales take your bitcoins because of news like this.

DaveF

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Look at your calendar. Tax day is Monday here in the US. A lot of people are selling because they have to cover their tax bills. There is a drop (granted not usually this big) in a lot of markets every year around now. With all the ETFs out there now it's also probably not helping. Bought in somewhere in the 40K range sell in the 60k range. Pay bills and move on.

-Dave

headingnorth

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The Israeli government should be listed as a terrorist organization along with Russia, China and North Korean governments.

hatshepsut93

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Quote from: BitMaxz on April 13, 2024, 06:33:21 PM

I don't think that's the reason for the price crash and I don't think it's a crash if it was a crash it fluctuate to the bottom but it's not.

Why not? Iran is a big oil producer, a potential disruption of their oil operations could affect the global market, and as the result global economy because our world still runs on oil. And if global economy is not well, people wouldn't run to Bitcoin as a store of value, that's just the narrative of Bitcoiners that has been proven wrong many times, like during the start of covid-19.

pinggoki

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Quote from: seoincorporation on April 13, 2024, 06:33:12 PM

You have a good point here, is a big coincidence that the attack and the price crash happened back to back. It would be nice to know what are the exchanges involved in this crash and from what countries are the sellers. If this big cash out was made to put that money on war i wouldn't be surprised at all.

Looks like the price is going up again, but there are $100B missing in the market cap, so, will be hard to see a full correction.

I'm inclined to believe that you might be right that this crash is the result of someone selling their bitcoin hoard to fund a war, it's a really sudden price dump too and I can't believe that the pump is quick too, it's a really nice reminder to us that bitcoin is a volatile asset no matter how much we want to say that it's becoming more stable as an investment, moments like this aren't reaffirming those dreams but things happen and I guess it's our job to be flexible when it comes to things like this, but still, bitcoin being used to fund wars seems kind of crazy to think about, I hope that there's other reason besides that, I don't think that anyone of us here don't like the idea of bitcoin being associated with war.

BitMaxz

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I don't think that's the reason for the price crash and I don't think it's a crash if it was a crash it fluctuate to the bottom but it's not.

It's pretty normal to see this price decline on Bitcoin before halving look at the previous chart of Bitcoin before the block halving it drops from new ATH to half before the block halving and after the block halving it gradually rises again back including other altcoins.
Technical analysis works if you study old price action of Bitcoin before block halving. This is just my own theory so the the news is not the main reason why it decline.

seoincorporation

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You have a good point here, is a big coincidence that the attack and the price crash happened back to back. It would be nice to know what are the exchanges involved in this crash and from what countries are the sellers. If this big cash out was made to put that money on war i wouldn't be surprised at all.

Looks like the price is going up again, but there are $100B missing in the market cap, so, will be hard to see a full correction.

SpaceSuite

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Khamenei tweets about punishing Zionist regime: https://twitter.com/khamenei_ir/status/1779250053909028956
Iran launches air attack on Israel
Israel tweets about Sirens over Jerusalem: https://twitter.com/Israel/status/1779280619979030535
Israel-Iran War Fears Suddenly Spark $500 Billion Bitcoin And Crypto Price Crash

What is next? Roll Eyes

Topic: Iran strikes Israel. Crypto crashing heavily... - page 4. (Read 755 times)