ukraine battlefield bear market | Bitcointalksearch.org

South Park

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Quote from: Jating on March 09, 2022, 12:09:55 PM

Quote from: Mr.Scott on March 09, 2022, 10:17:38 AM

Bitcoin price is dependent of the combat zone circumstance. Since the conflict began the environment for the economy is horrible, and the net worth of market is sinking. Billions of stablecoins leaving the market, it's going on gold, oil and commodities. Additionally big money is purchasing now, after looking at account bigger than 100 BTC holders are increasing. It's institutional money leaving the market and less liquidity isn't great in any way. Truly negative for the world economy. In this way, Bitcoin also on short and mid term.

However, there are still many factors that will contribute to the price of bitcoin and not just it is dependent of the combat zone or war. And in the last 24 hours, we have seen the price breaking the $40k barrier and it seems to be going again and could hit $45k which is the next mental barrier.

Like the covid-19 pandemic, sure it hits everyone including crypto market but we slowly gain and even goes for a new all time high with the pandemic still around.

This is why it is important to not only look at what the TA is indicating but also look at the fundamentals of a project to know whether it can recover quickly or not, after all when the war broke out everything with the exception of oil and a few other assets went down, and that included bitcoin, however since then the price has experiment a small recovery followed by small corrections as well, so given enough time bitcoin will recover, we just need to be patient and hold our coins until that day comes.

Falconer

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Quote from: Jating on March 09, 2022, 12:09:55 PM

However, there are still many factors that will contribute to the price of bitcoin and not just it is dependent of the combat zone or war. And in the last 24 hours, we have seen the price breaking the $40k barrier and it seems to be going again and could hit $45k which is the next mental barrier.

Like the covid-19 pandemic, sure it hits everyone including crypto market but we slowly gain and even goes for a new all time high with the pandemic still around.

There is always a cause and effect as to why bitcoin prices fluctuate and so far such swings can be considered normal as long as bitcoin doesn't dump its price more than 20% in a day. Market behavior is very sensitive to FUD or negative news during this time, people panic and really want to sell when FUD news spreads in various media and we can't blame it.

We should not always rely on the war between Russia and Ukraine to find out why this up and down movement is happening because there are more things or other factors that have to be rational reasons that can change the trend or market sentiment for better or for worse. So far bitcoin continues to strengthen, and we can expect $45K resistance to be broken.

Jating

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Quote from: Mr.Scott on March 09, 2022, 10:17:38 AM

Bitcoin price is dependent of the combat zone circumstance. Since the conflict began the environment for the economy is horrible, and the net worth of market is sinking. Billions of stablecoins leaving the market, it's going on gold, oil and commodities. Additionally big money is purchasing now, after looking at account bigger than 100 BTC holders are increasing. It's institutional money leaving the market and less liquidity isn't great in any way. Truly negative for the world economy. In this way, Bitcoin also on short and mid term.

However, there are still many factors that will contribute to the price of bitcoin and not just it is dependent of the combat zone or war. And in the last 24 hours, we have seen the price breaking the $40k barrier and it seems to be going again and could hit $45k which is the next mental barrier.

Like the covid-19 pandemic, sure it hits everyone including crypto market but we slowly gain and even goes for a new all time high with the pandemic still around.

sana54210

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I think the war between Russia and Ukraine did affect the rise and fall of bitcoin, because bitcoin is also related to large stocks in both countries and has to do with inflation and currencies. Besides that Russia and Ukraine are big countries that have influence with the world economy, it's all clearly related to the movement of bitcoin.

Ukraine itself is a energy and other stuff nation as well, I mean it is not just Russia. Why do you think we had that scare recently about the nuclear plant getting bombed, that nuclear plant doesn't just give energy to Ukraine, it helps many nations surrounding Ukraine as well. There are a ton of other stuff as well. Whereas Russia also have a lot of energy related power over the world too.

The rise in price for bitcoin was mainly due to sanctions to Russia and Russians all coming together the go around it, they did it all at once at the first days and that impacted the price a lot. They are still doing it, but not all at once and all together, they do it regularly and smaller. Which is why there was a big increase, and then resulted with a drop.

Mr.Scott

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Bitcoin price is dependent of the combat zone circumstance. Since the conflict began the environment for the economy is horrible, and the net worth of market is sinking. Billions of stablecoins leaving the market, it's going on gold, oil and commodities. Additionally big money is purchasing now, after looking at account bigger than 100 BTC holders are increasing. It's institutional money leaving the market and less liquidity isn't great in any way. Truly negative for the world economy. In this way, Bitcoin also on short and mid term.

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Quote from: Gozie51 on February 23, 2022, 09:33:18 AM

Quote from: MegaAkker on February 20, 2022, 11:50:26 AM

It really makes no sense to me that a war so far from American or even Western European soil would have an impact on Bitcoin price.

It is possible if the issue of the problem between Russia and Ukraine is on cryptocurrency, mining, bitcoin or something close to that but now it is not but political so it should not affect the price of bitcoin. Speculation of bitcoin last year even before the intensity of the Russian and Ukraine problem was to see bitcoin going bear so no need for surprise now that it is happening, could be coincidence with the problem of Russia and Ukraine.

Mining is a big deal, Russia is a great nation when it comes to energy and the prices are very low in certain areas and that means between the cold air and also the situation with cheap electricity that means that miners that used to work in China ended up going to Russia and with this war and the upcoming economical crisis due to sanctions (and it even started right now) they are going to be doing even better. They do not need that much money anymore, why? Because, the dollar they are making from the bitcoin means that they are able to buy even more.

Inflation and economic crisis hurts people who work in that nation but if you are making dollars then it is even better for you. That is why I believe that Russian miners could be selling a lot more right now and a lot cheaper and that could be changing the price a lot more and that could be the problem.

STT

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It does make sense, Russia is in Europe the land mass that is and so is this war. You have Russia attempt to supply 60% of Germanys energy needs then some how we end up here where no such deal can take place and instead an invasion occurs. Europe relies on Ukraine indirectly for its energy consumption. I can see why people say it doesn't matter but the implication of Russia reassuming the terrority of USSR makes it a serious threat to world peace.
That causes oil to rise which causes economies to slow in its greater cost, its greater pressure on BTC apparently from a higher Dollar. Long term I agree things arent altered presuming we dont get further expansion, but each month they have progressed the scenario hence the fear meter is full right now.

Why does a slowing economy matter, monetary velocity is especially relevant to Bitcoin. The whole idea Bitcoin started off with was in the origins of (western) QE which is effectively a giant devaluation of currency standards, excessive liquidity or fast money however you want to put it. War is people desperately clutching onto whatever money they have, money goes to essential supplies, anything speculative will retract. Its all relevant in a global economy, europes war is your war like it or not.

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Quote from: stompix on February 18, 2022, 02:44:17 AM

Because we don't have a war yet, what is happening now could be only speculation, we have recovered quite fast after the last drop so small swings back and forth should be respected. But in the event war does start I'm pretty sure at the first bomb we will see one huge red dildo on the market, even if it will recover later it's going to be there, and everything is going to be affected by it from stocks to oil albeit obviously in different directions.

And what I was saying?
First bomb and one huge drop, stocks getting hammered oil over 100$.
Of course, it was pretty obvious this is going to happen, I doubt anybody is genuinely surprised by the outcome.

Now the interesting part if we look just at speculation about the price is if we're going to see a serious bounce later today, bitcoin is far more volatile and far more traded based on feelings and tweets than the others so a breakthrough in the opposite direction can't be excluded. But if the situation goes worse, I just hope the 30k will hold, and at least not crash in 24h, that would be pretty damn bad.

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Quote from: MegaAkker on February 20, 2022, 11:50:26 AM

It really makes no sense to me that a war so far from American or even Western European soil would have an impact on Bitcoin price.

It is possible if the issue of the problem between Russia and Ukraine is on cryptocurrency, mining, bitcoin or something close to that but now it is not but political so it should not affect the price of bitcoin. Speculation of bitcoin last year even before the intensity of the Russian and Ukraine problem was to see bitcoin going bear so no need for surprise now that it is happening, could be coincidence with the problem of Russia and Ukraine.

peter0425

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Quote from: aruldaroy on February 18, 2022, 01:43:18 AM

As we know at the end of 2021 the price of bitcoin decreased due to entering a bear market because of the new year.
But now bitcoin continues to decline again due to Russia's war with Ukraine.
In your opinion, is this the reason the bitcoin price keeps dropping, sometimes it goes up and sometimes it goes down again.
Because there is a new issue that says that there is no war between Russia and Ukraine but the American mind.

Im not sure if this is the main reason but what I am pretty sure is that each time the market made its way to super high capitalization , mostly the following years will be a dumping season so meaning this is what it be, and the bear seemingly to stay for at least this year or the next?
but we can of course speculate what ever we wanted because it is our funds who will be in risk but make sure that you know where to get out and when to enter.

adaseb

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It’s common sense that if there are reports of a war that the markets will tank. Depending on the severity it might bottom out the following days. However most people are already pricing this in. And there won’t be a war.

This is all just political. Stir the markets and get a few weak hands to sell. Even if there is a war it’s most likely going to be pretty short and nothing of WW3 which is what some are speculating.

Captain Corporate

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Are we sure that the potential war is the main reason for the crypto prices to fall? I am not saying that it is not, however, at the same time it doesn't look like something unusual for the market to fall at times and it could be just a coincidence that it happened at this time as well. I mean we were low just a month ago, and we are low again right now, just because we had an uptrend in the middle doesn't mean that it had to go on like that until the war scare. Plus, the price was going up when Russia was moving soldiers to the border, not like they did it a day or two ago, it has been like this for a while and when it first started the price was going up. So I am not sure if that is %100 the reason, maybe it has something to do with it but not the whole reason for sure.

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Quote from: darkangel11 on February 20, 2022, 12:36:51 PM

People are afraid that an armed conflict will create sanctions and stop foreign trade. That can result in companies losing money, Ukrainians migrating West, business centers relocating, and more.
Losses in foreign trade, broken foreign relations, possibly real damages to infrastructure, all this will result in losses for companies and businessmen who have money invested in Eastern Europe.
For this reason you see the stock market falling and many investors have also money in crypto so they sell these currencies to cover their losses on other markets.

You got a point, investors who are invested in other markets might cover their losses booking their profit in Bitcoin, i am not sure about the war, there are conflicting stories in the air, the US media is talking about war being imminent and in Europe things are not in the same page as even the German MP came out with the tactics played by the US in escalating the situation. Either way we are facing a huge crisis economically.

darkangel11

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The relation between the markets is simple.

People are afraid that an armed conflict will create sanctions and stop foreign trade. That can result in companies losing money, Ukrainians migrating West, business centers relocating, and more.
Losses in foreign trade, broken foreign relations, possibly real damages to infrastructure, all this will result in losses for companies and businessmen who have money invested in Eastern Europe.
For this reason you see the stock market falling and many investors have also money in crypto so they sell these currencies to cover their losses on other markets.

Bitcoin is still strong and not damaged by this in any way. If you held it at 30k in Summer 2021 and you held it at 30k in January of this year, just keep doing so.

MegaAkker

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It really makes no sense to me that a war so far from American or even Western European soil would have an impact on Bitcoin price.

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Quote from: STT on February 19, 2022, 03:59:29 PM

We just had a short war between Armenian and Azerbaijan forces but it caused no wider alarm beyond that area and no notice from the western markets.

That's simply because it had practically no media coverage since there wasn't that much benefit in giving it the same amount of attention. Conversely the Russian situation has a lot of benefits for example the pressure that US is putting on EU to abandon Russian gas dependency and the massive amount of arms they are selling to multiple countries due to this small tension are some of the big benefits of covering the news and putting it under a massive magnifying glass.
Of course the market manipulators take advantage to squeeze any satoshi they can from weak hands Cheesy

I still don't see any bear markets though.

el kaka22

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These days will be over soon enough. Even if there is a war, it will go on for a year, or less, or more, maybe 10 years, maybe 20, who knows and it could be as horrible as it gets but it will be over and I can guarantee you that. Every time there is a war in the world, there is always a situation where we ended it and moved on, at least until the next one. So, do not be worried about crypto in the short term right now, just ignore it, and focus on getting better in the long run.

I personally believe that we are going to be doing better and this war will not happen. Russia will act like they will, then make everyone get a huge defensive stance, then they will go to their own news channels and say "see how they are afraid of us LOL" and then think that they won and move on.

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Quote from: bittraffic on February 20, 2022, 09:31:46 AM

But I think BTC will go up if there will be war.
God forbid because this war will be the most terrible due to the nukes each party had been developing. Large portion of earth could be wiped out

There's really a possibility that Bitcoin might skyrocket if the war ignite since people find a way to transfer there asset to something that can't be destroy but there's no guarantee that we are all alive if a war really ignite since its probably the start of WW3 which nukes will gonna flood the sky targeting each other country. But I believe this cold war will gonna stop once each side come up to an agreement that will benefit both country.

Honestly, Only Ukraine wants to start it since there leader is urging NATO to do an aggressive action towards Russia because they are already scared and can't be take the responsibility of his action.

bittraffic

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If the market continue to decline after another month, it will just be another havling cycle for crypto which means the anticipated supercycle failed. Its the same pattern as Russia-Ukraine war has nothing to do with it.

But I think BTC will go up if there will be war.
God forbid because this war will be the most terrible due to the nukes each party had been developing. Large portion of earth could be wiped out

Reid

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Just a little part of it but I doubt it's all because of it.
You cannot blame just one event when a market plunge especially in cryptocurrencies. This ain't the normal investment schemes that happens in one place but it's global and there's still a lot of people who believes in Bitcoin's future so they hold. Economic problems are also considered when an asset goes down. Check that out.

American mind? You mean the gossipers who receives news out of comedy central?

Topic: ukraine battlefield bear market (Read 438 times)