Today, February 24, 2022, at 5 am, a massive invasion of Russian troops into the territory of Ukraine began. The cities of Dnipro, Odessa, Kharkiv, have already come under shelling.
Aw fuck....I haven't been watching the news at all, and it's kind of sad that I hear about major events like this on bitcointalk, but so it goes.
I was wondering why the precious metals markets were moving higher and stocks and crypto both took a nosedive today. I was too lazy to check what was going on in the world, but I'm going to check out whatever news site I can find when I finish writing this post. This whole conflict between Russia and Ukraine is madness--since global politics is under my radar I don't even know where this all stems from, but my gut is telling me very loudly that an invasion didn't have to happen.
Well, if anyone was questioning how bitcoin would react to a major global event, just take a look at preev to get the price. Altcoins have plummeted even worse than bitcoin did, so it looks like everyone is selling. And damn, if I had fiat to burn I'd be buying like crazy.
Bitcoin actually didn't do too bad even if we count the lowest levels. We went down less than 2k USD from yesterday's lows. If you compare that to other major news:
3,5k down on US lockdown news in 2020
10k down on news of China banning mining last year.
I'm also buying got a measly 2k left in fiat in case it goes lower than 30k. For me the math is simple. Even if Russia and Ukraine disappear from the face of the Earth, Bitcoin will remain valuable for the rest. This is actually an opportunity to buy, but people in the EU are too busy wondering if they should buy fuel for their car today or tomorrow and withdrawing fiat from ATMs.
Putin is a mad man who wants to be remembered as the creator of a new Soviet Union, under a different name. Nobody but his puppet state of Belarus wanted to join so it hit his little man's ego. You are not allowed to criticize the great Putin or he'll react with full force of the Russian army. He's a bully and a murderer.