Topic: Iran/US tension's effect on crypto and economy ? - page 2. (Read 818 times)
Iran is already excluded from the world economic order. I don't expect much surge. However, a rise for bitcoin may begin. Because bitcoin is a very easy tool to carry. Every announcement of the US has a direct impact on the market.
The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation.
So far everything has cooled down, because in the first place Iran do not want to go to war to the US, they can just make a threat or send some missile to US bases but attacking US territories is out of the question, they do not have the weapons and the resources for that, unless a powerful country will ally to their cause, but so far none.
The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation.
Most likely all the human beings would suffer, in case escalation goes beyond and affects other countries as well. For instance they call upon their allies and then there goes another inhuman war. I was amazed though when the tension between the two country was aired, the crypto world became suddenly alive and kicking once again.
The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation.
You’re wrong, this situation has nothing to do with cryptocurrency. The price did go up this week to around eight thousand dollars, but today it has dropped back to seven thousand dollars, so do you still think that it has anything to do with the war? And moreover, anyone who lives in a country fighting war doesn’t care about all these things, they only care about surviving.I wouldn’t wish for the war to take place because war is a bad thing, though I don’t live in any of those countries that would be affected, but I still don’t like reading of innocent citizens being killed for no reason.
Even if bitcoins would have moved to about $10k it would have been normal in the case of bitcoins because bitcoins are the most volatile currency. I can't yet think about the price change occurring due to the war amongst two of the countries. How could we relate them? Price of gold, oil or any other resources might be surely affected but it might not be the case with bitcoins.
Bitcoins are a decentralized currency which does not involve in any political or global crisis. Yes, the prices might be affected if a global World-war takes place but not in the case of small wars between two or more countries.
The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation.
Hey What I think is , this war will put stress and tension on the government , now people have to earn somehow and they will look for the alternative sources and therefore that is when the Bitcoins will come into play , since it's not controlled by the government it will be a safer option and people would be able to buy, send money online beyond borders without any difficulties , let's be honest war destroys everything therefore people are now keeping it as an alternative and it's boosting the prices , I think it's gonna be a good year for Bitcoins .
People will too have an alternative they can count on.
Despite World War III being averted, it looks like Iranians are still panic buying bitcoin:
https://cointelegraph.com/news/bitcoin-is-becoming-more-valuable-to-iranians-amid-tensions-with-us
I think Iranians getting into bitcoin mining is an interesting development.
https://cointelegraph.com/news/bitcoin-is-becoming-more-valuable-to-iranians-amid-tensions-with-us
Quote
Do Iranians really believe in the power of Bitcoin?
With all of the news stories recently floating on the internet that claim people in Iran are scurrying to get their hands on Bitcoin, especially in the wake of the recent geopolitical tensions that have been rising in the region, Cointelegraph reached out to Hadi Nemati, an Iranian digital currency specialist and chief operating officer of Bitfolio Capital — an open-end crypto hedge fund. He pointed out the following:
“After the summer of 2019, many Iranians came to know about Bitcoin because of all the mining news and the use of electricity associated with the same which was vastly covered by various state media outlets and newspapers. Bitcoin, on a mass scale, is being seen as a speculative alternative asset and digital money.”
When asked about which section of people among the local masses are actively making use of Bitcoin the most, Nemati pointed out that a threefold categorization can be made:
Miners: This, in Nemati’s opinion, is the most dominant group of the three — both on an industrial and retail scale. However, miners are forced to liquidate their BTC holdings regularly in order to meet their operational costs.
Investors: These individuals, as per Nemati, are mostly buying Bitcoin for long-term investment purposes and are using the asset to hedge their capital against the inflation of the Iranian rial. Additionally, in his opinion, even though Bitcoin is not as popular as many other foreign currencies or precious metals such as gold or silver, adoption has been increasing steadily in recent years.
Active traders: This group operates mostly in the local crypto market — at the corporate and retail levels — because, according to Nemati, Bitcoin rarely gets used for day-to-day transactions due to a lack of infrastructure. Not only that, even the Central Bank of Iran has yet to issue clear regulatory guidelines regarding the use of digital currencies.
In regard to why the popularity of BTC has surged so dramatically in Iran over the past 24 months, Cointelegraph reached out to Mahyar, a Tehran-based crypto miner and investor. He pointed out that since many Iranians do not possess international accounts, they are able to use Bitcoin as a means of receiving cross-border payments in a seamless, hassle-free manner. On the subject, Mahyar added:
“People send bits to a currency exchange and receive cash. Most bits also come from farms, and the dollar revenue is very important to people. I think big companies are doing their best to avoid taxation as well.”
With all of the news stories recently floating on the internet that claim people in Iran are scurrying to get their hands on Bitcoin, especially in the wake of the recent geopolitical tensions that have been rising in the region, Cointelegraph reached out to Hadi Nemati, an Iranian digital currency specialist and chief operating officer of Bitfolio Capital — an open-end crypto hedge fund. He pointed out the following:
“After the summer of 2019, many Iranians came to know about Bitcoin because of all the mining news and the use of electricity associated with the same which was vastly covered by various state media outlets and newspapers. Bitcoin, on a mass scale, is being seen as a speculative alternative asset and digital money.”
When asked about which section of people among the local masses are actively making use of Bitcoin the most, Nemati pointed out that a threefold categorization can be made:
Miners: This, in Nemati’s opinion, is the most dominant group of the three — both on an industrial and retail scale. However, miners are forced to liquidate their BTC holdings regularly in order to meet their operational costs.
Investors: These individuals, as per Nemati, are mostly buying Bitcoin for long-term investment purposes and are using the asset to hedge their capital against the inflation of the Iranian rial. Additionally, in his opinion, even though Bitcoin is not as popular as many other foreign currencies or precious metals such as gold or silver, adoption has been increasing steadily in recent years.
Active traders: This group operates mostly in the local crypto market — at the corporate and retail levels — because, according to Nemati, Bitcoin rarely gets used for day-to-day transactions due to a lack of infrastructure. Not only that, even the Central Bank of Iran has yet to issue clear regulatory guidelines regarding the use of digital currencies.
In regard to why the popularity of BTC has surged so dramatically in Iran over the past 24 months, Cointelegraph reached out to Mahyar, a Tehran-based crypto miner and investor. He pointed out that since many Iranians do not possess international accounts, they are able to use Bitcoin as a means of receiving cross-border payments in a seamless, hassle-free manner. On the subject, Mahyar added:
“People send bits to a currency exchange and receive cash. Most bits also come from farms, and the dollar revenue is very important to people. I think big companies are doing their best to avoid taxation as well.”
I think Iranians getting into bitcoin mining is an interesting development.
Anyway this conflict somehow made btc to rise above $8000 and this horrific event lead to greed
Technically, we don't know that
Commentators are just making deductions and drawing conclusions, but that's simply how we like things (explained), and how our minds internally work (to explain things with plausible reasons). We are prone to look for and see causal relationships where there's only a statistical correlation or just a coincidence (remember, correlation doesn't mean causation). This is known as selling the narrative, and if you are buying it, stop doing that and think for yourself. Bitcoin is rising and falling for no apparent reason so often that you should instantly question the validity and veracity of this narrative, or any such narrative. It can be a trigger, though, but then anything can be
This will in fact, falls to the Questionable Cause or the causal fallacy, false cause, or non causa pro causa fallacy in which people believe about a particular cause that is in fact, incorrect. For example, "Because of War, People will buy Bitcoin", which isn't proven true. But considering that market price of bitcoin increases because of the tension, these mindset of the people do actually drives the market price of bitcoin, therefore, even without proving this belief to be true, as long as there is a belief and people make an action in a form of accumulation of bitcoin, we will have a profitable market.
Anyway this conflict somehow made btc to rise above $8000 and this horrific event lead to greed
Technically, we don't know that
Commentators are just making deductions and drawing conclusions, but that's simply how we like things (explained), and how our minds internally work (to explain things with plausible reasons). We are prone to look for and see causal relationships where there's only a statistical correlation or just a coincidence (remember, correlation doesn't mean causation). This is known as selling the narrative, and if you are buying it, stop doing that and think for yourself. Bitcoin is rising and falling for no apparent reason so often that you should instantly question the validity and veracity of this narrative, or any such narrative. It can be a trigger, though, but then anything can be
The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation.
I don't see any reason why Iran-US disagreement would crude oil price and crypto. These are mere speculations, In 2019, we already seen the market analysis which made some of us predict a surge in Bitcoin price.
Despite this, the price surge is still not significant enough as I still expect something better.
If the war broke out the people were the ones who suffered the most, but for the current situation I think it won't happen. More than anyone else in Iran understands that they will lose the war with the US, besides that the US does not want any more war at this time. Perhaps both sides will remain tense for a long time, but war is unlikely.
There will no big war between Iran and USA, that is for sure. USA is in no position to take the risk for another big war in the Middle East.
Certainly, the bolded (my emphasis) isn't true at all. Remember it was the US that attacked and killed the Iranian security chief first? If the US weren't prepared for war she wouldn't have hit Iran first. I believe knows it's at a disadvantaged position here with the US. So, she's going to concede that to the US and eat the humble pie. The biggest sufferers of this conflict were families of Ukraine plane that now Iran has confirmed is shot down due to human error. War is not a good thing, those who start remain beneficiary of the war while innocent civilians lose their lives and loved ones. May peace prevails.
It was a really unfortunate chain of events, US started the escalation and they countered with missile strikes and those passengers were unlucky to be at the wrong spot at the wrong time, even though they denied it was their fault initially they had the courage to reveal their mistake and this is not the first time a civilian flight is gone down due to grave errors.The price is moving up even today and it has nothing to do with the tensions in Iran i guess. It is a naturally progression in my opinion irrespective of the situation.
If the war continues, obviously it will bring the affected country's economy down. They have to recover from the expenses, and damages that the war brought. Even in my country, there's a threat of an oil price increase. The one who will suffer are the normal citizens, not the president. It's their fight but others are the one who will suffer. I hope that this war won't get worse.
War will not occur between Iran and the United States, the United States does have the largest military power in the world, but it is important to remember that military power is only used to legitimize economic power. As Iran builds a nuclear power, it does not really want to fight with all its ideologies but to support its economic growth so that it is not easily conquered by the surrounding countries.
So what America does in Iran and the Middle East is only trade diplomacy strategy, after trade domination has shifted to China. In early 2019, the US Secretary of Defense said that their focus was no longer fighting terrorism but threats from two world powers namely China and Russia (https://www.bbc.com/news/world-us-canada-42752298).
I conclude that America will not use terrorism instruments to enforce its military hegemony as a global police. The Middle East, China, and Russia are three war fronts, usually, American wars are only 1 to 2 fronts, but this time America is openly waging war with 3 fronts but the aim is to turn the wheel of America's economy by creating a crisis even though it is guarded against real physical warfare. In conditions ready for war like this the first thing America must do is determine who is the opponent, who is the friend.
So tensions around the Middle East will benefit the United States economically because conflict and tension mean income for Americans from the sale of military weapons. While the conflict brought an economic slowdown for Iran, in addition to infrastructure damaged by the war (if war happens). Budged which should be used for development, public services, and economic wheels must be allocated to fund the war. But I think it will not have a significant impact on Cryptocurrency.
Today Iran actually apologized for the fall of the plane and they said they unintentionally dropped it which means there was a passenger flight that was shot down by Iran and that usually is something you get consequences for.
Now, nobody wants a war with Iran, not even USA because there is nothing you can make out of it, at the very best of chances you will fight with Iran, drop the president, put a puppet government there and take insane amounts of money out of Iran and into USA, however that would destabilize middle east even further and you have yourself another expensive war that you will have to pay for anyway, which means all that profit you made will go out of your pocket once again and will be for nothing.
However, how nations will react to this plane thing is different, war is something else, killing innocent people is different, we have to wait out and see what nations will say about it. Specially Canada and Ukraine because they had the two of the biggest casualties.
Now, nobody wants a war with Iran, not even USA because there is nothing you can make out of it, at the very best of chances you will fight with Iran, drop the president, put a puppet government there and take insane amounts of money out of Iran and into USA, however that would destabilize middle east even further and you have yourself another expensive war that you will have to pay for anyway, which means all that profit you made will go out of your pocket once again and will be for nothing.
However, how nations will react to this plane thing is different, war is something else, killing innocent people is different, we have to wait out and see what nations will say about it. Specially Canada and Ukraine because they had the two of the biggest casualties.
I don't understand how Iran can be ok with this "unintentionally dropped a foreign plane with innocent people" official statement.
Anyway this conflict somehow made btc to rise above $8000 and this horrific event lead to greed
That's really sad and painful that innocents who has nothing to do with this US/Iran tensions has to pay a heavy price as it was a cold blooded murder. Bitcoin's price depends on anything which has to do with it's adoption as well cash outs and this event turned our to be adoption event wherein people converted their stock market shares into bitcoin afraid of further escalation and stock loss.
Who will suffer most and where will this lead our economy as wars always leads to inflation.
Today Iran actually apologized for the fall of the plane and they said they unintentionally dropped it which means there was a passenger flight that was shot down by Iran and that usually is something you get consequences for.
Now, nobody wants a war with Iran, not even USA because there is nothing you can make out of it, at the very best of chances you will fight with Iran, drop the president, put a puppet government there and take insane amounts of money out of Iran and into USA, however that would destabilize middle east even further and you have yourself another expensive war that you will have to pay for anyway, which means all that profit you made will go out of your pocket once again and will be for nothing.
However, how nations will react to this plane thing is different, war is something else, killing innocent people is different, we have to wait out and see what nations will say about it. Specially Canada and Ukraine because they had the two of the biggest casualties.
Now, nobody wants a war with Iran, not even USA because there is nothing you can make out of it, at the very best of chances you will fight with Iran, drop the president, put a puppet government there and take insane amounts of money out of Iran and into USA, however that would destabilize middle east even further and you have yourself another expensive war that you will have to pay for anyway, which means all that profit you made will go out of your pocket once again and will be for nothing.
However, how nations will react to this plane thing is different, war is something else, killing innocent people is different, we have to wait out and see what nations will say about it. Specially Canada and Ukraine because they had the two of the biggest casualties.
I don't understand how Iran can be ok with this "unintentionally dropped a foreign plane with innocent people" official statement.
Anyway this conflict somehow made btc to rise above $8000 and this horrific event lead to greed
Today Iran actually apologized for the fall of the plane and they said they unintentionally dropped it which means there was a passenger flight that was shot down by Iran and that usually is something you get consequences for.
Now, nobody wants a war with Iran, not even USA because there is nothing you can make out of it, at the very best of chances you will fight with Iran, drop the president, put a puppet government there and take insane amounts of money out of Iran and into USA, however that would destabilize middle east even further and you have yourself another expensive war that you will have to pay for anyway, which means all that profit you made will go out of your pocket once again and will be for nothing.
However, how nations will react to this plane thing is different, war is something else, killing innocent people is different, we have to wait out and see what nations will say about it. Specially Canada and Ukraine because they had the two of the biggest casualties.
Now, nobody wants a war with Iran, not even USA because there is nothing you can make out of it, at the very best of chances you will fight with Iran, drop the president, put a puppet government there and take insane amounts of money out of Iran and into USA, however that would destabilize middle east even further and you have yourself another expensive war that you will have to pay for anyway, which means all that profit you made will go out of your pocket once again and will be for nothing.
However, how nations will react to this plane thing is different, war is something else, killing innocent people is different, we have to wait out and see what nations will say about it. Specially Canada and Ukraine because they had the two of the biggest casualties.
The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out?
What you say has definitely had a positive effect on Bitcoin, gold, oil in Iran today.With the heat up in the current conflict in Iran will cause the price of Bitcoin, gold and oil can soar soaring sharply.
In my opinion, if the war between Iran and the US exploded into open warfare, I am sure investors will aim for some currencies that are considered safer for them.
For example:
Investors will be targeting such as gold, yen (Japan), virtual currency, with this currency can be said safe haven assets, because the exchange rate is easier to strengthen.
The most severe effect that occurred in Iran if the war heats up will cause, most of the stock exchanges to plummet and fall will influence negative sentiment towards the US-Iran conflict which is the most fatal will occur.
Instead, investors turn to Bitcoin, gold, instead of investing in the stock market, so the price of Bitcoin, gold will skyrocket.
This kind of war should not have any impact on the price movement of cryptocurrency, it's just that due to the inadvertent factor of soaring prices, it is said that this war can give rise to cryptocurrency prices when cryptocurrency price movements should depend on the economic warfare of various large countries with economies strong
I wouldn't discard and throw away this factor altogether
With assets as speculative and volatile as Bitcoin, emotions play a major part in their price dynamic. We should remember (whether it feels good or bad) that most of Bitcoin's value as reflected by its price has no real backup in the form of goods and services which can be bought with it (that's basically the definition of speculative)
All in all, it means that we can see huge price moves caused or triggered by however small influencing factors (which is known as the butterfly effect), and not necessarily in the direction we expect most (read, Bitcoin could easily fall instead of rising on these tensions and how they have developed)
Who will suffer most and where will this lead our economy as wars always leads to inflation.
The biggest sufferers of this conflict were families of Ukraine plane that now Iran has confirmed is shot down due to human error. War is not a good thing, those who start remain beneficiary of the war while innocent civilians lose their lives and loved ones. May peace prevails.
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