Iran/US tension's effect on crypto and economy ? - page 3.

pikkie

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Quote from: msarro on January 11, 2020, 08:01:38 AM

Quote from: Wysi on January 09, 2020, 03:28:32 AM

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.

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.

msarro

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Quote from: Wysi on January 09, 2020, 03:28:32 AM

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.

yulionoo

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of course the two most warring countries suffered. because war will always bring destruction to buildings will be destroyed and civilians will be victims. therefore we should avoid war. And I think the Iran war - America will not continue because America has already stated that it will not fight Iran. so that a war won't occur. and the Iran-America conflict yesterday did have a positive impact on the price of bitcoin.

barabarian1

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The conflict between Iran and America yesterday did have a slight impact on the increase in the price of bitcoin. because maybe some investors will secure their assets to gold and bitcoin. but I never expected the price of bitcoin to go up because of the war. war will never give an advantage. war will only bring destruction and loss.

Republikcoin.com

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I don't know who will suffer the most if that happens, but it can be detrimental to the whole country because the war will involve many things, especially inflation. Besides that, even though inflation is rising, I think it is proportional to the increase in crypto, so I think utilizing this moment by storing assets in crypto can be a pretty good profit.
however, I only focus on crypto because of many associates the current price increase due to the relationship between America and Iran. in addition, many people speculate that this will bring the price of bitcoin above the price of $ 10k, or even more.

Blackdeath

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Quote from: Wysi on January 09, 2020, 03:28:32 AM

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.

The war in Iran and US will definitely help bitcoin to increased it's price because i heard a news that the government in Iran could use bitcoin as their safe asset, so it will really have a positive effect on crypto and bitcoin. But i think this war will not have a good effect on the economy because there is actually a war that will going on.

BChydro

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Quote from: hatshepsut93 on January 09, 2020, 09:12:25 PM

Neither Iran nor the US want to truly go to war, they just want to show their strength, especially to their domestic audience - Trump will soon have elections, Iran had protests. So, since there will be no war, there's will be no long term effects on economy, the prices that reacted to the news will correct.

It was not truly about showing their strengths, the attack was a really bad idea and it will truly destabilize the entire area and if we are looking for peace and security of our forces, we should let them fight their war rather than risking our soldiers in the battle field as these battles will not end as the war is going on for more than a decade a still there is no clear victory or purpose and trillions of dollars pumped for these war efforts which can be really used for the welfare for the general public.

Quote from: hatshepsut93 on January 09, 2020, 09:12:25 PM

As for crypto, I doubt it will go down to the previous levels, since the market was looking for a reason to turn bullish for a long time.

The tension might be the reason the price rallied and now the tensions are on halt and the gold who was also rising along with the bitcoin price went down considerably.

airdnasxela

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Quote from: Wysi on January 09, 2020, 03:28:32 AM

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.

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.

Wexlike

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Quote from: exstasie on January 09, 2020, 03:28:29 PM

Quote from: The Sceptical Chymist on January 09, 2020, 10:40:59 AM

I'm really tired of Trump. I never wanted him as POTUS, but I thought his presidency was going better than I thought it was up until this thing with the Iranians, which I'm absolutely certain is a smokescreen to draw attention away from his impeachment. And now it's clear he has no idea what he's doing.

That's the scary thing. It came completely out of left field, like a diversion tactic. Governments do that in general (creating crises to divert attention from corruption and incompetence), but with Trump it feels like literally anything could happen at any time. All bets are off, etc.

The stock market is performing extremely strong through all this. Nothing can keep it down. It's exuberant. Which probably means everyone calling for a crash in 2020 is going to be disappointed.

There is just nothing left to put money in. To much money and no options to invest/secure it from negative rates. People are already calling for a crash since 2015, yet nothing happened yet. I don't see much going anymore for 2020. If the stock bubble blows up more, I'd be really shocked.

Negotiation

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I think if the situation like the recent Iran-US war has already raised the price of oil if it starts in another country, it will affect not only the economy of the country but also the social and political sector which is a risk to our country. But there will be no war between Iran and the US because their war will not be able to sustain the pump.

Leonardo7

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As it stands now, there will be no war because Iran is not ready for a war and the USA doesn't want war either. Should there be further escalation like we saw the missiles of Iran on USA bases in Iraq, the Middle East economy will go weak because of instability and fear of proxy war on the region. And travelling security will be tight too to avoid Iran sympathizers from carrying out attacks on the USA soil, so economy of nations will be affected but crude oil, gold and bitcoin prices will boom as investors look for a safe haven.

hongchao123

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Every big word news can cause incredible effects in crypto space. Speculations x10

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Quote from: blckhawk on January 10, 2020, 03:56:51 AM

Most wars result in economical crash, especially to those involved countries. The business sector slows down and comes to a halt when necessary. Trading and exchange are crippled. There could be an influx of people going into crypto as a store of value, but it won't matter anyway once the war broke out to a devastating level.

right, war will destroy all infrastructure in a country, and for those who have many assets they certainly want to secure it for the continuation of their lives when the war is over. therefore I think crypto is the right choice because this treasure will not be lost despite the damage to the network in a country as long as we still remember the private key

karanggatak

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I think this conflict between America and Iran will not continue. because yesterday the American president gave an official statement that they would sanction Iran and not use military force to fight Iran. and countries in the world will also encourage the two countries to immediately make peace. because we know Iran is an oil-producing country if this country is in conflict, this will affect world oil prices and also have an impact on the world economy.

Kakmakr

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Political instability will surely have a limited affect on the Bitcoin price. I cannot see that institutional investors would shift investment capital into high risk investment options like Crypto currencies.

The average small investor might pull some investment funds and savings out of Banks to hedge against potential risk of global financial instability, but professional investors will shift their funds to traditional safe havens like Gold and Silver. Sad

People in these war torn countries might shift their wealth into Bitcoin to hedge against the price drop in their local currency and also possibly to enable them to bypass local restrictions on wealth leaving the country. (Capital controls and Foreign exchange controls)

Travelers leaving Iran by air are only allowed to carry 5000 euros ($5,980) or its equivalent in other foreign currencies.
Source : https://en.radiofarda.com/a/central-bank-sets-strict-limits-on-cash-leaving-iran-amid-ongoing-currency-crisis/29225983.html

blckhawk

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Most wars result in economical crash, especially to those involved countries. The business sector slows down and comes to a halt when necessary. Trading and exchange are crippled. There could be an influx of people going into crypto as a store of value, but it won't matter anyway once the war broke out to a devastating level.

SquallLeonhart

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Quote from: Wysi on January 09, 2020, 03:28:32 AM

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.

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Quote from: Baofeng on January 10, 2020, 02:13:43 AM

Quote from: hatshepsut93 on January 10, 2020, 01:35:14 AM

Quote from: senin on January 10, 2020, 01:20:43 AM

As for cryptocurrency, we see that Bitcoin has slowly returned to its previous price and now, according to CoinMarketCap, its price is 7844 dollars. Apparently, he is not yet ready for growth.

Previous level would be around $7,000 and we are much higher than that, so now if the time to test if we will be able to retain the gains from this pump or not - I believe Bitcoin won't plunge deeper, at least not for long. It's quite ready for growth, the halvening is soon and the market was bearish for more than half a year already, and we have successfully defended the $6,500-7,000 range multiple times already..

It's now on the $7800 range, the so called gains we have because of the supposedly looming wars between the US and Iran is -500$. So their no real effect on the price, except those manipulators who take advantage of the situation to create an artificial mini-bull run and then gets their profits, in short it is a bull trap. I'm expecting the price to plunge further to $7500 again. So we can say that the effect on the price is not sustainable.

Meanwhile some traders might have make some profits since the commencement of the crisis "looming war between US and Iran" it was very glaring the price of bitcoin pumped when the Iran General soulimani was assassinated by US there was a rumor that bitcoin was sold locally at $24,000 in Iran while the real price pumped to $8400 some traders would have taken profits at that price while immediately President Trump made a press release of US standing down on the crisis price dumped another opportunity for buying.

Baofeng

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Quote from: hatshepsut93 on January 10, 2020, 01:35:14 AM

Quote from: senin on January 10, 2020, 01:20:43 AM

As for cryptocurrency, we see that Bitcoin has slowly returned to its previous price and now, according to CoinMarketCap, its price is 7844 dollars. Apparently, he is not yet ready for growth.

Previous level would be around $7,000 and we are much higher than that, so now if the time to test if we will be able to retain the gains from this pump or not - I believe Bitcoin won't plunge deeper, at least not for long. It's quite ready for growth, the halvening is soon and the market was bearish for more than half a year already, and we have successfully defended the $6,500-7,000 range multiple times already..

It's now on the $7800 range, the so called gains we have because of the supposedly looming wars between the US and Iran is -500$. So their no real effect on the price, except those manipulators who take advantage of the situation to create an artificial mini-bull run and then gets their profits, in short it is a bull trap. I'm expecting the price to plunge further to $7500 again. So we can say that the effect on the price is not sustainable.

sana54210

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Quote from: Wysi on January 09, 2020, 03:28:32 AM

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.

From what I gather today Trump is not looking to escalate things like you guys saw and that means there won't be a war.

However, just because there is no war doesn't mean that there is no unrest about it, we do not have Iran and USA allies and friends all of a sudden, we just witnessed Iran bombing of a USA base which is a big no no in regular times but Americans do not want a fight and trying to avoid another war in middle east so they are willing to look away from the bombing and the missiles but they haven't just decided that Iran is a good place all of a sudden neither.

Iranians didn't forget the killing of a high rank official neither, but they don't want hundreds of thousands of people dead just because one guy was killed neither. There is an old saying "People of two nations are more similar than people in those nations to their governments and two nations governments are more similar to each other than their public".

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