Iran/US tension's effect on crypto and economy ? - page 5.

GideonGono

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Quote from: yoseph on January 09, 2020, 10:25:55 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.

It would have an affect from the economy of some country who have affected from those kind of situation so some of them need to evacuate and stop working. It maybe affected the economy and the crypto also if a huge investor need their financial of course.

yoseph

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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.

kro55

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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.

History shows that war always brough death and destruction to economy. There are more negative effects of war then positive. As far as the sufferer's of war is concerned they are people. Economy and infrastructure are destroyed.
Bitcoin pump is also getting converted into dump, thanks to de-escalation of war situation .

alyssa85

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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.

There won't be a war.

But even if there was a war, it would have less of an impact on the global economy than the Iraq war did. The difference between the early 2000's when the Iraq war took place, and now, is that the Americans are now self-sufficient in oil thanks to fracking. That means that it's unlikely the oil price will ever go back to $150 a barrel again. Especially as environmentalists are trying to decrease demand at the same time.

hugeblack

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I do not think that there will be a war between the United States and Iran but merely skirmishes to force Iran to negotiate in exchange for a new nuclear agreement or to weaken Iran internally and limit its military capacity.
Generally, if an all-out war occurs, then the whole world will be affected by the impact of oil prices, but the only victim will be us, as the missiles will fall in our heads, and the economy will be greatly affected.
In general, Iran's role in the region is aggressive and must be stopped.

Eclipse26

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The war between US and Iran won't grow bigger. There is a tension between the two but I don't think they are willing to sacrifice their armies. I think the only goal of Iran is to take revenge of what happened to one of their highest officer. No Iranian and American wants war so maybe the pump because of this war, might not last at all and the people affected won't suffer that long.

quarkfx

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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.

countries which depend upon crude oil I mean top importees of crude like china and India will be effected most , if America puts sanctions on Iraq then its to supply of crude is much difficult

Eduarop

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Quote from: jonatha28 on January 09, 2020, 06:13:57 AM

Quote from: enhu on January 09, 2020, 05:54:10 AM

Well we all need oil for our machines, this will affect the prices and so inflation takes place. I fill my tank with $20 but if the gasoline price inflates, I may not be able to do it with $20. The tension is slowly calming though, the war thankfully might not happen after all. It could have made us all suffer the inflation and possibly bring us to war.

I'm glad it didn't happen after all.
And it kinda sucks that someone was greedy about war, because a lot of currencies went up after those awful events.

That the conflict was frozen is really good. But the question arises. How long will peace reign in that sector for? Undecided

jonatha28

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Quote from: enhu on January 09, 2020, 05:54:10 AM

Well we all need oil for our machines, this will affect the prices and so inflation takes place. I fill my tank with $20 but if the gasoline price inflates, I may not be able to do it with $20. The tension is slowly calming though, the war thankfully might not happen after all. It could have made us all suffer the inflation and possibly bring us to war.

I'm glad it didn't happen after all.
And it kinda sucks that someone was greedy about war, because a lot of currencies went up after those awful events.

enhu

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Well we all need oil for our machines, this will affect the prices and so inflation takes place. I fill my tank with $20 but if the gasoline price inflates, I may not be able to do it with $20. The tension is slowly calming though, the war thankfully might not happen after all. It could have made us all suffer the inflation and possibly bring us to war.

joelsamuya

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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.

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. Iran is still building up its nuclear capacity and this can be taking years before it can be become a heavyweight in terms of war capacity in the Middle East though I am sure that one day it can be. Both of these countries are evaluating the risk involved above the emotional rhetoric and worthless warnings in speeches. For sure, a war between these countries can be helping Bitcoin go up just like its effect on oil.

merchantofzeny

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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.

Just speculating but there would be just a small gap between bitcoin skyrocketing from people rushing to protect their money to it absolutely crashing as more countries enter the war. Only people living in countries not affected would have the luxury to watch the price movement.

I would say it might see a pump if either Iran or US formally declares war. It should scare some people into buying bitcoins. Then whales would come in and pump and crash it to take advantage.

Wysi

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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.

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