First if all USA and Iran are not at war. It's not even a conflictt, just a political tension.
Second, this has nothing to do with Bitcoin price and even if such situation continues or even gets worse I don't think that will influence Bitcoin price significantly.
Also, we are not having a pump, it was small rise but at the moment price started to pull back again so we'll.see how this is going to end.
Topic: Trump's iran War Pump in BTC Price. Will it last? Poll. (Read 493 times)
I think it's just momentary and the time of war might be over. Iran will take a revenge but not in the near future. But the price is seeing more fluctuations and it's making alts bleed higher than normal. I think we need to give more importance towards the implementation rather than market price.
I think that the pump caused by the conflict is just temporary although it has made price to shift, leaving the 7k zone. I see these kind of issues as a market propeller. The price might not shift if not for such .
Although really such conflicts can lead to a big war, which will lead the whole world to a state of war and perhaps cryptocurrency will be in demand much more than fiat funds.
I think it's just momentary and the time of war might be over. Iran will take a revenge but not in the near future. But the price is seeing more fluctuations and it's making alts bleed higher than normal. I think we need to give more importance towards the implementation rather than market price.
I think that the pump caused by the conflict is just temporary although it has made price to shift, leaving the 7k zone. I see these kind of issues as a market propeller. The price might not shift if not for such .
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Again, it is not like, again IMHO, the Trump Administration is 'actually' going to have consistent policies on anything in 2020 and BTC if it is really a store of value in uncertain times
should reflect this.
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Again, it is not like, again IMHO, the Trump Administration is 'actually' going to have consistent policies on anything in 2020 and BTC if it is really a store of value in uncertain times
should reflect this.
~
That's what I think too. It shouldn't. We can see from the past history that globally Bitcoin price wasn't affected by any political events. Those ridiculously high prices we see in the news sometimes, whether in Venezuela or in Iran or elsewhere, result from the miscalculations made by journalists. They take the price of BTC in local currency and the official rate of that currency to USD, and then they deduce the USD price of BTC in that country from the above data. But in reality you can't exchange that local currency for USD at the official rate, and if you'd use the real exchange rate, the pair USD/BTC would look as everywhere else in the world.
IMHO, BTC is affected much more by happenings in the world of crypto than by political events.
I think it's just momentary and the time of war might be over. Iran will take a revenge but not in the near future. But the price is seeing more fluctuations and it's making alts bleed higher than normal. I think we need to give more importance towards the implementation rather than market price.
One month later issues war between Iran and United State keep continue after their country have revolution with new president and government, but why many investor claimed what happen between USA and Iran become momentum for bitcoin raising back with higher price, bitcoin is unique digital payment way where not one can control and manipulated about bitcoin price.
Bitcoin went up because of the bears getting weak. The short volume got squeezed. Technicals were indicating towards the price rise. Will that fade? Not necessarily. Bitcoin price has been working like this since long now. Either some news which actually matters to the crypto community such as halving or fork, price goes up or down or technicals are strongly suggesting the movement. Price still has momentum to go up. The next resistance isn't that strong. This gonna stay for while.
I think it is a mix of both halving and the news about iran - us war. We know that the price of bitcoin in Iran spiked when the conflict with US started. Maybe it is already affecting the global market. Will it last? Maybe, because there is still a lot of hype about halving. The price hike is started by war news and can be sustained and maybe pushed farther up by the halving event hype.
I'm surprised on the results it seems, thr war has nothing to do with Bitcoin price, that is the general consensus of the majority here and I thought the Iran issue is one of the main reason why their is a pump, so majority here think it's not, and they attributed it to something unknown until, that leaves everybody guessing.
Indeed war has nothing to do with Bitcoin price. Do you imagine yourself in a middle of war and rushing to buy Bitcoin? These are all just a make up story that war enable Bitcoin price to go up. People do have great imagination. They find something relevant to irrelevant stuffs.
I wish there was an option of "there was no pump in btc price due to Iran war" because there is no war. You guys could be younger than me, you may not remember the first Iraq war and maybe remember second one a bit better but not even that totally, people who are under 30 may not remember what has happened during all of that war at all.
In iran there was a very shady business by USA that called Qasim Suleimani to Iraq for a peace negotiation and then they actually bombed and killed him, its really a horrible move to call out a guy for peace with a white flag on your hand and drop his guard and then shoot him, that is literally what USA did. In return? Iran bombed an empty place and shot down a civilian plane. None of these are good, however believe me when I say this, none of them are war acts neither, this will lead to nothing.
In iran there was a very shady business by USA that called Qasim Suleimani to Iraq for a peace negotiation and then they actually bombed and killed him, its really a horrible move to call out a guy for peace with a white flag on your hand and drop his guard and then shoot him, that is literally what USA did. In return? Iran bombed an empty place and shot down a civilian plane. None of these are good, however believe me when I say this, none of them are war acts neither, this will lead to nothing.
I've voted "No Clue. BTC is Mysterious.". In my opinion, it's already taking too long for BTC to hit its new ATH. Iran War or not, it would go up these days anyway, but we never actually know the reasons for yet another rising. Of course it's easy to talk about the reasons post factum, but before we are there, I mean, at the new ATH, no one can say when it should happen and why.
Well, it did seem to go up because of the Iran troubles...but BTC is doing what I'd hoped and is staying above $8K as a result of all this. In other words, Trump's antics put BTC and Gold
back up as options to an erratic world, and IMHO, in BTC's case...reinforced the notion of halving that is coming end May 2020, I think it is?
Again, it is not like, again IMHO, the Trump Administration is 'actually' going to have consistent policies on anything in 2020 and BTC if it is really a store of value in uncertain times
should reflect this.
or not...(what do I know at one time I believed the Butterfly Labs ASIC miner hype and drank the kool-aid...I was such a cute newbie back in the day)
Brad
I can tell you that even in Iran price of bitcoin has started to drop down a bit, and I am not even talking about regular price of bitcoin, that could go up but the most clear place we could see about bitcoin being affected due to this "war" was Iran localbitcoin exchange and people there took the price as high as 29 thousand dollars per bitcoin at one point, that was not acceptable because that is basically taking advantage of people in Iran who would like to protect their savings but they would be basically sold a marked up price of bitcoin and not saving their money at all unless there was a Venezuela type of situation.
So, with trumps talk about not escalating things and with IRR price of bitcoin dropping we can safely assume that nothing will change for bitcoin, at least not because of a "war".
So, with trumps talk about not escalating things and with IRR price of bitcoin dropping we can safely assume that nothing will change for bitcoin, at least not because of a "war".
If we are lucky, the Iran situation was JUST enough to shake people up and look at BTC as Plan B again, it is not like the Trump Administration is going to get any saner in the long term.
No way. I believe this move was purely technical. So was gold's increase. Already spelled out in the charts. The crude oil market reacted to the situation because of fear around future supply in the region.
The only people who view BTC as "Plan B" at this point are crazy Bitcoiners like us.
Well, interesting times indeed! Do you think this pump in BTC price will fade as 'hopefully' Trump's Iran War talk fades? Or is this simply
a pre-cursor to the halving pump coming and this price will be maintained and go yet higher?
take the poll (I've not a clue!)
Brad
I'm surprised on the results it seems, the war has nothing to do with Bitcoin price, that is the general consensus of the majority here and I thought the Iran issue is one of the main reason why their is a pump, so majority here think it's not, and they attributed it to something unknown until that leaves everybody guessing.
If we are lucky, the Iran situation was JUST enough to shake people up and look at BTC as Plan B again, it is not like the Trump Administration is going to get any saner in the long term.
Then if they further thought about the Halving coming up...perhaps it was just a 'push' of an upturn? (a guy can hope)
I need it to have a base price of $11,111.12 (for obvious reasons) as the FLOOR on the future and forever price never to go below. Then I will 'officially' shut the hell up and never worry about price again. (It is my safe zone don't ya know..like a price pacifier
or blankie for me!)
Anyway, my Edward Jones financial advisor says the stock market is gonna dump big time, likely this year. We will see. Bitcoin is plan B in my book, for such.
Brad
Well, interesting times indeed! Do you think this pump in BTC price will fade as 'hopefully' Trump's Iran War talk fades? Or is this simply
a pre-cursor to the halving pump coming and this price will be maintained and go yet higher?
take the poll (I've not a clue!)
Brad
I'm surprised on the results it seems, thr war has nothing to do with Bitcoin price, that is the general consensus of the majority here and I thought the Iran issue is one of the main reason why their is a pump, so majority here think it's not, and they attributed it to something unknown until, that leaves everybody guessing.
Iran USA tension was the main reason that gave bitcoin a much needed pump. As chances of war are getting less, price of bitcoin is also coming back. In this iran usa tension we altogether forget the coin halving coming later this year.
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well obviously such events have their effects on bitcoin price. it is a global market after all but i can't accept the way people are linking the rise completely with the M.E. events. at best the drama sped up the rising process and it may have been the reason for the start of it but not the reason for its continuation.
besides, as Trump put an end to the tit for tat cycle the drama went back to its previous state while bitcoin price still remains up instead of going back to $7k.
A general statement, not particulary related to your specific assessment or Bitcoin situation.
I read a nice column recently, which said:
Quote
• Few things are as satisfying as a good rant, even if you are only a fairly impartial observer to one. A reader recently wrote in to complain about the state of the financial market pundit-sphere, and in honesty I had a lot of sympathy for his complaint. How is it, he asked, that the same strategists who confidently asserted x a little while ago are now pounding the table that 1/x is a clear outcome? If the facts have changed, that’s one thing, but if there is no internal consistency to your framework that’s something very different -- and much less useful.
• A big part of the problem is the incentive structures that are in play. Saying “I don’t know” or “it’s difficult to say” doesn’t exactly make for good television, whereas stating an opinion with authority confers a powerful aura of credibility. Similarly, sell-side strategists are supposed to offer unique, actionable insights; the two most poisonous adjectives for them are “consensus” and “wishy-washy.”
• A big part of the problem is the incentive structures that are in play. Saying “I don’t know” or “it’s difficult to say” doesn’t exactly make for good television, whereas stating an opinion with authority confers a powerful aura of credibility. Similarly, sell-side strategists are supposed to offer unique, actionable insights; the two most poisonous adjectives for them are “consensus” and “wishy-washy.”
So yes, financial makets is ful of "never in doubt" persons, who in the end are "ofter wrong".
When I report those graphs, correlation or analysis I usually do for discussion purpouses and to feed thoughts, for sure I think they are worth reading and convey some useful insight, but certainly not because I do think those are the truth.
So I share your frustation, even if I am accostumed to that, and I tend to forgive the logical U-turn rality chack impose on those who spelt the truth.
Moving the money out of iran/Iraq using bitcoin easier than any other methods , that's what I'm suspecting...
It has driven the bitcoin price up for around $1,000 within a couple days although there's a little bit correction now I stil think the price would continue to grow piece by piece.
I can imagine to those who concern about their money getting disrupted and wants to secure their money through bitcoin.
It has driven the bitcoin price up for around $1,000 within a couple days although there's a little bit correction now I stil think the price would continue to grow piece by piece.
I can imagine to those who concern about their money getting disrupted and wants to secure their money through bitcoin.
I could say so? But it could just be FOMO tbh. Tensions were high in the past few days which caused the surge to $8.3k, but with the tension kind of going out or at the very last breath? And with no recent updates as to the possibility of Iran still continuing its attacks, the price has went down and FOMO for it were extinguished. Still, the pump should happen sooner or later with FOMO of the halving in May 2020, which could probably seen by mid February.
It wasn't only BTC that increased in price these few days though, Gold Oil as well as Google (as for other stocks, Idrk much), especially google reaching towards record highs just recently.
It wasn't only BTC that increased in price these few days though, Gold Oil as well as Google (as for other stocks, Idrk much), especially google reaching towards record highs just recently.
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