Iran/US tension's effect on crypto and economy ? - page 4.

coin-investor

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Quote from: Wysi on January 09, 2020, 02:28:32 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.

It will affect so many countries because Iran is strategically located in a region where transportation of oil pass, the price of crude oil and oil will drastically increase, and it will affect the price, and countries who depend heavily on oil will suffer, the Crypto market will have perform better because rich people will convert their wealth to Crypto to flee from these regions but the negative impact outweighs the positive.

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Quote from: senin on January 10, 2020, 12:20:43 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..

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Quote from: hatshepsut93 on January 09, 2020, 08:12:25 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.

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.

I agree that the military conflict between the United States and Iran is unlikely to continue. Trump will not be allowed to do this by Congress, and Iran must understand that this country has no chance in a war with the United States. The United States, in fact, achieved its goal, and in Iran showed that they are ready to defend themselves.
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.

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Quote from: romero121 on January 09, 2020, 11:26:47 PM

Earlier we've experienced impact of trade war and this is the first time we're experiencing some formal war between Iran and America causing a drastic change in the markets. This doesn't left the crypto market. Probably if any of the countries give formal statements of war, surely the war impact can be felt in the change of Bitcoin price. This is just because of investors moving more funds to Bitcoin from other investments by the people of the respective country to safeguard the savings from the war.

since Trump decided not to retaliate after Iran's missiles' attack, suddenly bitcoin's price is going down again.

https://edition.cnn.com/2020/01/08/politics/standing-down-trump-iran-retaliation-strike/index.html

but if iran changed their minds and do another much harsher attack and ignore what Trump had said in his speech. i guess war is really imminent. but i hope, iran will not do such dumb move just to show to the world that they are ready to fight because theyre not.

https://www.cbsnews.com/live-updates/iran-commander-vows-harsher-revenge-against-us-relief-in-tehran-today-after-trump-speech-2020-01-09/

though we will be experiencing a good price movement if in case war happens but i dont think this will be good for the people living in that area and the soldiers that will fight for their respective countries!

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Earlier we've experienced impact of trade war and this is the first time we're experiencing some formal war between Iran and America causing a drastic change in the markets. This doesn't left the crypto market. Probably if any of the countries give formal statements of war, surely the war impact can be felt in the change of Bitcoin price. This is just because of investors moving more funds to Bitcoin from other investments by the people of the respective country to safeguard the savings from the war.

iamMhew

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Opinion:

It still depends on how many individuals or institutions that are a holder of Iran's fiat money that are more interested in crypto currencies, this is an ancient country that still value gold. But it is highly unlikely that a majority of those holder of Iranians fiat money will convert to crypto.

Depending on the recent situations on how they play out, surely it will affect their economy. For sure, USA and Iran dont want to draw their
military powers in the battlefield for the meantime.

But when it comes to global economy, this will have a little effect on it if these two countries will take on a shooting contest. No allies, just a duel.

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Quote from: Mihaylovic on January 09, 2020, 02:33:18 PM

Quote from: Wysi on January 09, 2020, 02:28:32 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.

As far as i remember from new, the issue between USA and Iran globally has not affect to the bitcoin and crypto prices. But local bitcoin price in Iran increased for a while in the first day after the murder of Iranian General Suleymani.

Coz their currency when down a bit...probably some locals unload their fiat to crypto for awhile

googol.star

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I saw that after the plain crash Bitcoin in Iran shot up to $24,000. That's insane, and I do not like the reasons why it shot up. But I'm guessing that will have an effect on the price here.

hatshepsut93

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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.

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.

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Quote from: yoseph on January 09, 2020, 09:25:55 AM

Most of the time when there is serious conflicts, it's the stock market that seems to suffer because investors starts to dump their stocks and go in for gold and other valuable metals for their financial safety. I also saw that the price of Bitcoins started going up as well when the Iranians fired their rockets a the USA military camps.

Stocks go down commodities go up. People run to the banks take out cash because they're worried of network problems and card terminals acting up. This is the beginning of a mass hysteria.

You can already see it happening when people are saying it's going to be WW3. Iran doesn't have enough allies for it to become a world war. If there is a war the USA will once again test out their new toys on a new battlefield like they did in Iraq and Afghanistan.

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We are still not sure what actually pumped the recent price of Bitcoin. So we can't conclude that it is related to the tension between Iran and the United States of America. Since its the recent even that is rising, I guess it's more of the reason why people tend to link them. For your question, we don't hope to see another war, not in this time. If it ever happens, most underdeveloped countries will be affected. They are always the one been affected. If inflation breaks out, not everyone of them can invest or purchase Bitcoin as it price may pump more.

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Quote from: Wysi on January 09, 2020, 02:28:32 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 there is a full fledged war then there is a economic issue around the world as the oil price will keep on rising and it will create an economic imbalance in the economy and that will be affected in every country around the globe and hopefully we will see a stand down without escalating the situation as a war will not bring anything positive rather than destruction and misery and if there is a situation of war people will invest their money in assets like gold and partly in bitcoin and other assets that cannot be affected by the war.

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Quote from: Wysi on January 09, 2020, 02:28:32 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.

As far as i remember from new, the issue between USA and Iran globally has not affect to the bitcoin and crypto prices. But local bitcoin price in Iran increased for a while in the first day after the murder of Iranian General Suleymani.

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

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Quote from: kapalmabur on January 09, 2020, 11:39:27 AM

but reportedly now the war has subsided a little because the United States is planning to make peace with IRAN, and the price of Bitcoin has decreased, so it's natural like the game

Maybe it's true that people are converting their money out of fear if the war breaking out and then after getting some relief they intend to convert it back but the fact that Iran is not a major player in crypto actually means that it has no significant effect to the market and I think it's just global sentiment regarding the market driven by the fact that if the war breaks out it might affect the price of stocks and commodities therefore some people think it's alright to temporarily convert their wealth to bitcoin.

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Quote from: Wysi on January 09, 2020, 02:28:32 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.

but reportedly now the war has subsided a little because the United States is planning to make peace with IRAN, and the price of Bitcoin has decreased, so it's natural like the game

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Quote from: teosanru on January 09, 2020, 10:18:53 AM

Quote from: Wysi on January 09, 2020, 02:28:32 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.

I think Cryptocurrencies would definitely get a boost due to these tensions. Usa despite of being most powerful army in this world has done a somewhat non civil act in Iran and this world is viewing this as an ignition to world war 3(atleast what the meme suggests). In such a situation no country would want to trust their governments for anything leave currency. Bitcoin which is the currency without any central body would be considered as a safe heaven in such a case not to forget that many countries could also pump their war funding in Cryptocurrencies. So a war tension would definitely boost Bitcoin.

The conflict between the two countries will increase the demand with arms and weapons of massive destruction. A country may use cryptocurrency to purchase those things and we all know that the crypto have potential currencies that can cause wide economic growth. But when that tension continues and the war happened, whole world will be affected by that. Economy will deflate because of destroyed agriculture that the explosions brought to a country. Government should be careful to keep their economy healthy and focus on their own country, not on the war that will only bring harm to the people.

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Quote from: Wysi on January 09, 2020, 02:28:32 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.

I think Cryptocurrencies would definitely get a boost due to these tensions. Usa despite of being most powerful army in this world has done a somewhat non civil act in Iran and this world is viewing this as an ignition to world war 3(atleast what the meme suggests). In such a situation no country would want to trust their governments for anything leave currency. Bitcoin which is the currency without any central body would be considered as a safe heaven in such a case not to forget that many countries could also pump their war funding in Cryptocurrencies. So a war tension would definitely boost Bitcoin.

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Quote from: Wysi on January 09, 2020, 02:28:32 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.

Not only oil prices. Just have a look at the precious metals:

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Quote from: joelsamuya on January 09, 2020, 04:41:57 AM

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.

You do realize who the president of the US is, right? Right now he apparently thinks he's all-powerful royalty and that there aren't any checks and balances of his power, so who knows what he might do without getting permission to do it? He just swatted a hornet's nest, and it remains to be seen what Iran does--though they would be stupid to escalate this situation IMO.

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.

But as far as the effect of all this on crypto, I don't have a clue. Bitcoin jumped and then fell, but it tends to do that without any big world news, so it could just be a coincidence. Oil prices rising makes sense, but I would also expect gold & silver to rise if investors really thought we were in trouble, but they haven't moved much. Anyway, I'm hoping this isn't the start of a war in the middle east. Nobody needs that.

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