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

What's funny is that the only war that is happening is in the media. What's even funnier is that Israelis don't even believe the fake news themselves
For example the funniest back and forth in my opinion was with Tasnim, the Iranian semi-official news agency that put the single-word tweet of minister of national security of Israel, Ben-Gvir on its front page. It said one word that translates into something like useless. Ever since then the fights between Zionists has gotten worse as now they are are attacking Ben-Gavir for his stupidity because he revealed how useless their FUD attempts was: https://tn.ai/3071452

In any case, Bitcoin is just experiencing the very common trend of being dumped right before halving which I doubt it has anything to do with what's happening in the media, even as a contributing factor. We have seen this trend in previous halvings too. After halving is done and possibly after a week or two we are going to start seeing rises again.

The US said Iran has been attacked by Israel. Israel has said nothing yet about the attack. Iran is talking about explosive that no damage was done and they are investigating what it is or something. It is confusing and I believe in what you said. I do not think there is any aiming attack at all. But what I just also think is that the journalists will first believe in what US said but later the truth might be known.

What I noticed is that bitcoin does not want to drop below $60000. There has been a very strong resistance around that price. I even think some people that are selling are buying back around the price.

Not sure if this is true, but if it then why the price of Bitcoin goes up to now $65k? Is this due to the incoming halving, or the war itself has nothing to do with our market but it's that the news was just in the background and no one can stop Bitcoin from increasing pre-halving? Just 73 blocks away, less than 12 hours, and finally we will see the halving and it seems that we will be green at least this time. Let's just hope though that the war between Israel and Iran will not fully escalated into a ww3, perhaps just a show of each strength and teeth but nothing else so that lives will be save.

That was a fake news that funny enough all the big names like BBC, ABC-news, WSJ, etc. ran with.
Apparently journalism is dead and we only have FUDism these days

There was a report that Israel has striked back.

Share Message - Israel-Iran live updates: Israeli missile has struck Iran, US officials say - BBC News
https://www.bbc.com/news/live/world-middle-east-68830092

Bitcoin again after the news decreased below $60000. But in the last 45 minutes, bitcoin increased above $65000. Presently at $64320.

Agree with you. History will definitely repeat itself, only in a different way. Every time there is a problem that makes it difficult for us to predict when the bullish season will occur, we can be sure that the bullish season will definitely come, we just need to be patient. During the last halving, the price of Bitcoin was delayed because at that time we were hit by Covid. Now we will enter the Bitcoin halving period but it is a little hampered by economic problems and war, but I am sure history will repeat itself. Keep doing dca, don't panic when you experience a decline, because the impact of the current world situation will more or less have an impact on the price of bitcoin.

The price of bitcoin was a little depressed a few days ago but now it looks like it will return to normal. This may be due to a lot of panic selling following Iran's attack on Israel, which also caused a slight decline. But I'm sure Bitcoin won't be hit for too long after Iran launched drone and missile attacks on Israel a few days ago. So let's just say it's market manipulation. Why would a mediocre attack from Iran make people sell their Bitcoin? If anything, they should buy more. The recent downturn could be a profitable opportunity to buy and save for the future.

Let's hope history repeats itself and you enjoy a meaningful bull season, but I also need to remind you that there is no 100% guarantee that there will be a bull season after the halving. Each period and stage will have different impacts, so don't be too dependent on the past and believe that everything will always repeat. This year we have war, inflation, world economic instability... and their impact on the market is inevitable, so don't be subjective and don't forget to prepare for yourself a plan B.

At first glance, some analysis is needed regarding our investment journey when the situation is uncertain and that includes political conditions, global trends that technically also affect our investment performance.

I think the key lies in our ability to read and pay attention, especially when investing in BTC. If you use the basic principles of long-term investing, I think stay safe and fine. Of course, there is still a market but we can treat this as an opportunity to buy coins at low prices again.

Maybe better we just focus first on the halving moment that will soon come.

Cryptocurrency will significantly increase in price in the next months.
For those who are hesitant to buy right now, take your money and go buy Bitcoin and other altcoins if you want. Trust me it will be worth it.

TBH, whenever I see negative news online, I'm happy. I'm not happy of course that 2 countries are fighting with each other, but I'm happy that it causes a negative effect on the market. Negative effect equals price correction and price correction equals another opportunity for us to buy Bitcoin at a much lower price. Take this opportunity if you want to double your money. Many might be panicking with the recent crash that's happening, but if you're into crypto for a long time, you know that this is just a normal scenario and in the long run, price will increase.

As for me, I will continue to buy Bitcoin until it reaches to a point where I feel that it isn't worth it anymore. I will sell all of my Bitcoins (or most probably) during the bull market. I will take this opportunity to buy more Bitcoin since I have some spare funds, and I hope all of us will take this opportunity as well.

Yeah, it isn't. These two countries are like a classic when it comes to wars. Given that wars are not a new thing, we already know what it can do to a country, world, and the things around it. Of course that already includes digital currencies like cryptos. Growth of the coins will get hampered during wars because people are busy running and saving their lives instead of buying a coin and they can even sell it because their physical cash can get left behind and they can't also operate the banks during these times.

Predicting is always hard but as long as the war is still there, the bearish period will also remain. For those who are far away from these countries, yes we still can continue doing our business which is by buying and stocking up more coins.

I guess that’s more reasonable than OP’s point. I guess if such price drops have been happening every year around this particular date, then most likely your reason is valid. However, we can also tell that this is just another price correction that is bound to happen every prior to halving, bitcoin price may drop all of a sudden but it eventually recovers instantly so there’s really nothing to worry about it. And most likely, if the price may continue to drop consistently, I wouldn’t also be panicking about it knowing it could turn into another opportunity for us to continue doing DCA while the final bull run is still not happening.

Yes there is no need to be afraid already such dump is not a new thing in the system it can only be New those who have not experience it it read about situation like this. My area of concern that may directly or indirectly affect is just the course of this Iran strike if it excalate to another point if isreal retaliation where the two nation will engage in full blown war it will affect all sector of the world economy based on Iran position among the largest producer of oil and some other fuel as some investors may be tempted to touched their investment on btc in order to tackle some challenges that may arise at the course if this war.

But if  peace keeping nation mitigate this issue by stopping anything that will leads to such excalation BTC will bounce back as usual, as this dump will not be of a thing to panic.

If war really breaks out, things won't work as you say, look at the war between Russia and Ukraine, Gold is the only asset that benefits because it is always the safest haven. Investments like stocks and cryptocurrencies will be dumped as they are much riskier, especially crypto assets are listed as volatile and risky assets. But luckily there will be no war, everything is over and good news is about to come when Hong Kong approves ETF funds for both BTC and ETH. Therefore, there will not be a collapse or dumping as many people fear.

Whatever was the cause of the dip will only affect bitcoin price for a short-term, we have experienced such dump before, and the price was able to bounce back. I believe that the dump in price, and Iran striking Isreal that took was a coincidence. It is a norm from past history that bitcoin price dumps before the halving.

Few months after the halving, bitcoin price will pump since the halving always trigger the bull run. This is the first halving that I want to experience, and I am watching patiently and DCAing. No need to panic and sell because there is a good price coming after the halving.

Iran "strikes" Israel.... was actually just a bunch of rockets and drones, in the hundreds, almost all of which were shot down. So whatever that was supposed to achieve, this response can be considered a failure, I guess.

Why are people dumping crypto in this case? I don't know. Either way, true or false, you are a moron if you sell your coins because of politics right before the halving.

PS: I wonder why is Khamenei allowed to tweet but normal Iranian people can't. Hmmm.... he would be better spending his time buying all the crypto these traders are selling

This is not new I guess. We have also seen the effect of war before also. Previous the war between two nations have hampered the growth of the coins. This time also it’s happening the same. Bitcoins fell down by almost 10k usd in less than 48 hours. From here predicting the flow of the coins will be really tough. Let’s see what happens now. If price goes down, then treat it as a an opportunity and buy the coins for cheap.

Nope, I think something else is going on here..because political instability usually result in investors running towards safe havens and we all know that Bitcoin is seen as a safe haven.

I read something this morning about Miners dumping coins before the Halving, so that might have something to do with the fall in the price. (Most of the miner dumps were on OTC trading platforms)

Agreed. This thread belongs half in politics forum, half in speculation. Anyway, Bitcoin has been fluctuating back and forth between low 70s and low 60s for weeks now, it's been back and forth like 5 times. Which geopolitical events caused the earlier dips? And as Bitcoin volatility goes, 70k-60k is pretty slight.

Crypto should see a positive impact! Gold should see a positive impact. Crude oil price will go up. Inflation hit countries are going to suffer even higher inflation. That's my takeaway from the recent conflict between Iran and Israel.

I see my country's stock market is bleeding since morning! While I am writing this post, it's continuing! Oil and oil refinery related stocks are really bleeding the worst today!

However, cryptos like Bitcoin and ETH should show a positive impact in a couple of days. When investors will pull out the funds from the stock exchanges, they will surely find a new way to invest. That's where crypto and gold will become the preferable choice for many!

Well it’s an unexpected turn of events. We all assumed when the figures open at Asian open that all indices would be down and oil would be  up. However the stock market opened flat. And then the crypto markets started to rally before stalling.

Since the US decided not to join the conflict directly, I guess it won’t escalate further. So there is some calm in the markets. Very stressful weekend of trading and many probably blew up their accounts.

yawn. Has had zero effect on BTC. OP is just another FUDster spreading their shit around 

I don't think that Iran attacking Israel will depreciate bitcoin and destroy Crypto.  But the situation is like this because the price of the stock market or other products that are available may increase because.  Many products in the world are supplied from Israel. Israeli products such as Coca-Cola have many powders as you can imagine.  Many flee national products that are imported directly from Israel.  Now the possibility of World War II has started because now Iran is on the side of Palestine again if you think that there are many foreigners on the side of Israel who are in America then it will start.  But in any case, may God protect everyone, may God bless everyone and may God bless everyone.  However, we can see how much of the currency or bitcoins you have on your holdings and your market value.

The escalation of the war could have a negative impact on the stock and crypto markets as investors are unsure of what will happen, while the gold price continues to rise as it remains the preferred reserve asset for thousands of years. I believe that war is one of the reasons for the drop in BTC price.

In addition to external factors, the internal cause of this price drop is the continuous price increase of BTC since the beginning of 2023. I believe that BTC price really needs to be re-accumulated and shift money to altcoins, otherwise we will soon have a new ATH and this cycle will end right in 2024 instead of lasting until 2025. A new ATH before the halving is something that investors are not ready for but it has happened, so the current slowdown and decline is really necessary for us to have a sustainable and strong uptrend in 2025.

Man, they always say to go against the herd in every situation... if there are people selling, I'll be buying!

Iran sent a missile to Israel, and why me in the comfort of my home, am I going to sell my bitcoins for this? It's crazy.... Don't do that!

Bitcoin says that it's calmed down gives some up right now. $65,500 as of typing this but it's still far from what everyone is looking at before these incidents came.

I think that it's just a coincidence but things like this can be said to be relevant and has their own impacts to the market as it goes with the crypto world.

But what I have noticed is that it's on timing that the media points out that there's an influence from this war and the market timingly went to crash.

I don’t see a grind it out war.

Maybe we all calm down and Saturday was the worst of it.

 

Yeap,  same as what happened before with Ukraine and Russia, where we saw a huge dump on the cryptocurrency market. But after that, the market recovered.
So for me, we are bullish right now and what happened recently is just a shakeout or like a pullback only.

The choices you put out here are fucking radical yo, I can't even make a sensible choice out of the options you put out lmao.

To me, there are only two outcomes that could happen because of this, one of which leading to World War 3 of course.

First option, and this is what we're currently expecting to happen, Israel would accept/intercept the attack and do nothing about it, US isn't in the best position to provide aid to Israel when it's got an election to deal with, and an economy that is being held together by two strands of hairs with split ends. US would pretty much give Israel the "that your fight you clown, not mine" approach which would then lead to Israel not making any militaristic moves against Iran. After all, they're the ones at fault in the first place, they killed an Iran ambassador even if it was accidental, and Iran had to show some power to tell everyone within the middle east that they aren't to be trifled with.

Second option, and even though this isn't the trend of what's happening right now, is still equally plausible as the first, Israel will launch an attack against Iran, which would then lead to these countries launching attacks against each other, signaling a major war in the west, and unfortunately if not deescalated in the nick of time, will eventually turn into a global war.

I totally didn't see the Iran vs Israel war coming and wasn't expecting it to have a heavy influence on the crypto markets but it did. While prices were crashing, I took the opportunity to get Bitcoin as well as altcoins because market downturn such as the one we just saw don't come too often. It reminds me of a black swan event like the Covid-19 market crash or the 2022 FTX market plunge. While bulls have started to pick up where the bears left off, I'll be cautious of the market going forward as odds of an all out war continues to increases.

As I have said in another thread, we do hate this war or what the geo-political arena is. But as far as the impact goes to crypto, might be minimal or no impact as well. Specially that we are in the halving year. Who would forget about the pandemic? it was just 4 years ago and that what's the biggest test to the world, everyone is affected by it, every religion, race and even opposing countries right now.

But it didn't deter the market, and we as usual experience a bull run and even push the price to $69k in 2021.

So just think about it and compare it to what is happening today, and for sure you can deduce that crypto is not going to be affected in the long run.

Bitcoin has been thru a lot of ups and downs throughout the years, and already encountered many political situations and yet, btc keeps on growing and spreading. This may be just another hurdle, but later on, it will pick up again and will start to increase again its price.
I don't think this is the end of bitcoin. How many times have people speculated that btc will face its end, and yet, the opposite happened. Worry if no one is mentioning btc anymore. That's when you need to be anxious about. But for now, just treat it as another challenge for this market. It will surely surpass this bottleneck in time.

So far there is nothing to worry about, because Bitcoin immediately recovered its price right after the crash, returning to 64,000$, despite the 61,700$ dip. It was a good opportunity to buy cheap coins once again and investors didn't miss the chance, as we can see prices recovering already. Bitcoin is still bullish and that is great news to maintain the confidence of the market in high levels of trust and bullishness.

Moreover, Iran's missiles didn't cause any major damage to Israel, so it's unlikely we are going to see a counter-attack or escalation of the war for now, especially because USA asked Israel to not do so. However, at some point this war will inevitably happen, it's just a matter of time. We just got some extra breath for now, what can be precious time for Bitcoin to shine once again towards a new ATH.

Israel's next steps are still unknown, but it's just too dangerous for them to ignore the hostility of its neighbors from now on, as they proved to be ready to launch direct attacks without using allied terrorists groups anymore for that purpose. At same time, Israel's enemies have also spotted not every neighbors are willing to attack Israel, as we have the example of Jordan which played a very important defensive role yesterday.

Anyway, if Israel decides acting against Iran, we are likely to see another crash in crypto market.

Centralized asset? Did you make a mistake there when you wanted to write decentralized.
I think so much importance has been put on this attack, and this has now created fud. I am sure some weak hands have sold their coins in the last 15 hours because of how much fud that has been created because of this attack and war in the middle east.

You may not be really care because you know it well. But other people still panic because they have a general assumption that a war will impact on everything. I also sometimes a bit fear when the war is related to the countries which have many crypto users there. But this time, it is a war of Iran-Israel that have no big influence in crypto world. As far as I know, there are almost no big players on crypto in these countries.

Agree. It is mostly caused by the fear. Or it is just a fear made by the media. In the fact, the drop seems caused by another factor. I also don't really believe if the war which makes the big drop in Bitcoin price. People who spent a lot of time in crypto, they mustn't do panic selling. We know if the halving is getting closer and the bullish time probably still lasts a long time. No reasons to sell crypto assets in hurry!

Even without positive news, I believe the drop won't last a long time. We have a halving in the near future. This may be enough to push the crypto prices increasing again. 

I don't care, actually. The crypto isn't related to any war or whatever. A war can't destroy Bitcoin anyway. But as we saw yesterday, Bitcoin was bleeding hard due to the to the Israel attack. It's just because of fear, nothing else. A large number of panic sellers liquidate their crypto to make cash. But I don't think it will last very long. I realised today that a dump  happened due to an attack when I saw the news. However, we can see Bitcoin starting to recover very well. And I hope a few positive news will surround us to make another pump. Likely, Hong Kong ETF approval will be soon, and halving is coming, which would be enough to make another pump. 

I don't see any relevance of the attack to the market plunge. What I am more connecting and has making more sense is that the tax deadline in the US and many needs more money for them to pay for it and it's possible that the whales have cashed out their money from the crypto market so it had made this huge dump that we've got.

If there is one character that we all like from Bitcoin, it's all about the recovery that it's showing. The resiliency that it has got can't be compared to any other asset that it may have an 4%-8% dump recently but it will recover and be back to its former. Right now, it has recovered $2k from the dip that it has got with this correction for about $62k and stays to $64k. Those that have caught the falling knives on the $62k as it seemed calm already at that point are in profit right now.

There's nothing to worry about as long as you're not gambling with your bitcoin.
What's gambling? Leverage trading of course.
The crash wasn't caused by Iran or Israel. It was caused by people fooling around, risking a lot of money, especially risking it in shitcoins like PEPE that crashed a few times harder than bitcoin and these people who had leveraged positions often tried to defend them by selling other assets, which is an even dumber move.
Without shitcoin casinos like bitmex bitcoin would correct by 2% instead of 7 or 8.

as usual, speculators are taking advantage of the moment of this attack by Iran to play the market

and to be honest, things like this are used to happening, when the news about the current incident subsides, the price of bitcoin will rise again, apart from bitcoin, almost all altcoins have experienced a decline in price

the fluctuations that occur in bitcoin are a natural thing, especially since bitcoin is a centralized asset, without FUD and FOMO, the price of bitcoin will not move

I wouldn't say it's a crash, -4% in one day it's nothing for Bitcoin and it's even quite usual I would say. Moreover it's Sunday today so there is less liquidity on the market and prices are usually more volatile during week-end. It could be just a bear trap from few whales actually, we should be cautious. Bitcoin doesn't need central infrastructures in order to run unlike banks and it could be used by Iran to circumvent sanctions and to buy weapons and ammunitions for a possible war, so I don't think those news are really bad for its price to be honest.

I think that buying right as the dump ended was the best choice one could have done lately and anyone shorting the markets at start tomorrow will be in for a surprise, there are numerous of those exchanges in the past and nothing really happened, neither is willing to go to war and their neighbors won't side with anyone, nobody in that are wants a war, so we're talking about two armies that will just fight a proxy war for another decade.

As I type the price is 64 031, I am almost sure that my tomorrow a buy would have been the best action taken.

Nothing next. If at all Isreal and Iran strike is what made crypto to crash, I bet you that Bitcoin wouldn't have sit down in the $64k recovery because it was quick and people are still interested in buying and beside, this is not the first time mini war has been happening between these countries, Ukraine, Hama&palestine and Russia and Israel has been on war since 2023 and Bitcoin least care about what they have been doing. I just think that it was think correction was due and selling of the news since halving is just 5days away and this news just escalated the drop of the coins.

If this fight is affecting the market, I'm not sure Bitcoin will be around where it's right now, but we can comfirm this after the halving because we will see that Bitcoin will drop futher and settle around the $53k region because there is going to be a divergent in the weekly zone of Bitcoin chart which will indicate more sell pressure before we start the real bull run and you will see that all this news will even pump Bitcoin more because Bitcoin is what people need during war and not stock that is political controlled.

i'm sure this Iran drone attack has something to do with the market crash. knowing that Israel can also shoot from thousands of miles away from them going to Iran, i'm sure the ones in the middle will all be ruins.

those countries are oil producers also which can affect the inflation in the global market. It's got to be making people sell. and besides they know, the BTC market is already showing signs of overbought, they need a crash to prepare for the halving market.

They forewarned that Iran would attack Israel. When their drones and missiles hit, it quickly spread to people around the world. Since this news, there has been a major crash in the crypto market. Suddenly all the crypto markets including Bitcoin have a red candle stick loss. Iran retaliated for the attack on its country. But now there are various kinds of things going on with it and there will have large Political calculations. But if a war breaks out, the market will be down for a few days, but it will move up again. Even if there is a long-term war, the market will start to normalize.

Mate, I'm not worried at all, I was just pointing out that yesterday's dump was clearly related to the Iranian counterattack at Israel following the attack of their embassy in Syria. Pretty much nothing else happened in the world, that was the only big event, I just don't understand why someone would say that it had nothing to do with the dump, why else did the market go down otherwise?

The prices experienced a dip, with Bitcoin being 4.4% down over 24 hours. It's significant enough to notice, but not significant enough to worry about. In fact, it seems like Bitcoin is already recovering from it. As for Iran and Israel, that was a major escalation, but sometimes escalations aren't followed by anything major. The end of Iran, end of Israel and end of cryptos all sound like very dramatic options to me, to be honest.
DaveF also has a good point that the price decrease might not even be due to Iran and Israel.
Whether it becomes a major war or not, I think Bitcoin will recover and can prosper regardless of it.

I don't know whether there is a connection or not, because when Bitcoin was first discovered it was actually created not to be affected by war or any institutions, and even though it existed. There appears to be no significant connection between Bitcoin and Israel's annexation of Iran or anyone else.
Maybe it's just a coincidence, and whatever positive and negative news there is when the price of Bitcoin falls or rises simultaneously will definitely be associated with existing news which is not necessarily true or may not have a big impact.

And I don't care about that or anything, because in the end the price of Bitcoin will rise again and this has happened often and in the end it doesn't affect the movement of Bitcoin.

Like the majority of the voters? yeah I don't care also  to what is happening here in this war
because as far as I'm concern? war will happen from here and there but the bitcoin market will never crash
just like that because why do the end in this market will come when those 2 countries does not even share
big amount of bitcoin inside their country and their people?

The market corrected the day before the conflict broke out and with the news of the war, bitcoin and the entire market fell a little deeper. It can be said that this is just a coincidence, and whether the impact of the war will affect the market or not cannot be determined. And one more thing, there is a huge difference between this war and the Russian war. The Russian war broke out as we were entering bear season but now we are preparing to enter bull season so there will be differences and there will be different impacts. OP is being unnecessarily pessimistic.

I don't know, man.  We've seen tons of political acts over the years--in addition to all sorts of economic conditions and whatnot--and I'm not sure any single one of them has had a major effect on what bitcoin does. 

In the US at least, inflation data came out showing that it's increasing again, and the stock market took a hit, as did crypto, while gold & silver have had big gains.  So I really don't think the Iran/Israel conflict has as much to do with the crypto markets as OP thinks.  Plus I'd say it's about time bitcoin had a major dip.  It's price has soared since the end of 2022, when it was worth *only* about $17k.

If I remember correctly we as a community encountered the same issue when COVID-19 hit every country and there was a lockdown. Bitcoin did slip into the red but later on, recovered so much that it created a new ATH. The same situation happened when Russia and Ukraine went to war, Bitcoin again went into red and then recovered. If Bitcoin is red due to the tension between Iran and Israel I am certain it will recover back. I somehow do not think that Bitcoin going into the negative zone is due to the tension between two countries in the Middle East. Somehow I think it is a correction before the Bitcoin halving event and we might see some new lows before the halving.

I already started a topic on this matter in the speculation board.

Unlike some users I believe the recent drop (10% is not big enough to call it crash) is directly liked to this but is only due to weak hands panic selling and nothing more. Which is clear from the fact that the drop was small and also the fact that the price has already partially recovered.

Besides, this is not exactly a "war" either to be able to have larger scale impact. This is just a swift and deadly response the Zionist regime received for the terrorist attack on the Iranian embassy earlier this month.

Technically it would because such a "war" will not be between the Zionist regime and Iran, it will instead be between NATO and Iran. Just like last night it were 10 countries (including but not limited to NATO members US, UK and France) defending desperately against Iranian missiles and failing.

They are not.

Like @BitMaxz rightly posited, I wouldn't call this a crash but normal retracement. There is no way it is right to call about 9% drop in Bitcoin price a crash. Assuming it retraces up to one of the Fibonacci numbers like 50% or 61.8% and lower, then it would have been appropriate to use the term crash.

As for the cause of the major retracement, since we cannot place it on any major news that might have a such negative impact, I think it is logical to assume that Iran sending missiles to Isreal is what triggered it. This is because it does not just make so much sense that Bitcoin halving, an event that is expected to be a positive news, is around the corner yet price of Bitcoin is dropping. Well, we cannot rule out market manipulations.

The current price drop is normal in the Bitcoin market since the Bitcoin market can rally and plummet without major reason due to its high volatility.  It might also be considered as a correction after Bitcoin regains its price @ $70k+.  According to one of the article[1], this kind of movement of the Bitcoin market is normal due to its highly volatile state and since the price decline does not exceed 20% it can also be considered a correction. 

This article[2] also suggests that Bitcoin may face a deep price correction despite the upcoming halving event.

If one wants to find a reason why Bitcoin price crash aside from market correction, the upcoming Tax day makes sense though I somehow doubt that it would be the actual reason for the current Bitcoin market price decline, between the Israel attack and the Tax day, the preparation for the tax day makes more sense.

---

[1] https://www.fool.com/investing/2024/04/12/crypto-flash-crash-what-caused-fridays-collapse/
[2] https://www.binance.com/en/square/post/2024-04-12-bitcoin-faces-risk-of-deeper-price-correction-warns-cryptoquant-analyst-6680509653857

Price decline because of tax day makes more sense. Crypto prices were very high and it had to drop somewhere, ee I couldn't imagine the price crashing because of the Iran-Israel attack because the Israeli population is too low to get price affected by them exchanging bitcoins and cryptocurrencies overall are banned in Iran. None of them play any role in cryptocurrencies.

People think that within minutes of halving, the price should skyrocket but the price never doubles immediately after halving, it falls after halving and then during the fall it starts rising. That's how it has been happening since 2016.

What if the people that manipulated the price from over $70000 to $60700 also are the ones that manipulated the price this time. It may be because of the Iran attack on Isreal but what if is just the opinion of the manipulators? World war might cause such a thing but just the war between Isreal and Iran should not cause such a thing.

Why? You are wrong.

The Tax Day, the strike, and the upcoming halving event, I mean all these three are possible to have affected the price of Bitcoin, I don't know why people are surprised about this correction or dump or whatever you call it.

Normally even if there was no strike or the Tax day, I was expecting this correction because of the halving, as per the past halving period Bitcoin always dumps, and goes sideways for a while.

Many people were disappointed in the 2020 halving thinking that once the halving was over the price would start surging, it didn't happen as they expected, some people I knew sold everything and moved on, only to start regretting it a few months later.

Many may make the same mistake this type around also.

As far as I understand the crypto market is based on investment demand and supply. Iran will not have anything to do with the war on Israel, the crypto. There is no reason for investors to panic as Bitcoin altcoins will have no impact on the price as investors will protect their assets on price increases. Analysts also said that this latest attack by Iran is a new test for Israel.

The options in your poll are kind of funny, 'i don't care' is the only option that makes sense to me and that was what i voted for, since we know BTC will surely cross $100k. I don't know if these airstrikes is part of the reason why the market is down, but i am certain it is not the only reason.

I am not surprised that many people are connecting it to the crash in the market, it is one of the most talked about things in the last few hours, and when something like that happens and crypto moves either up or down, people immediately connect it. I really don't like discussing BTC and politics, especially when it involves airstrikes and war.

I don't think the Iran-Isreal war has anything to do with the crypto bear market at the moment since major corrections were expected for a while now thanks to the crazy bullrun in recent times.

Furthermore, this is how the market usually behaves before halving events. Also, this is most definitely not a big crash like you are making it out to be op.

It is impossible to deny that any events in the world of this magnitude have an impact on markets, including cryptomarkets. But OP’s statements that the events taking place between Iran and Israel directly influenced the current fall of bitcoin look a little hasty and not entirely verified (by facts). You correctly noted that it would be necessary to find out what exactly influenced what was happening (bitcoin collapse). Or is this just 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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

There can only be one conclusion:

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

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.

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

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

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.

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.

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.

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.

• 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?