War affects the Entire Cryptocurrency? - page 3.

Thomas-s

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Quote from: aioc on January 12, 2020, 04:39:22 AM

Quote from: SabrinaBianka on January 10, 2020, 05:00:46 AM

As I saw last days bitcoin pumps after Iran declared the war against the United States, On my observation its because some people on the middle east sold they commodities, some stocks and bought cryptocurrency to keep carefully their assets. Do you think guys war was favor on the entire crypto investors? You can share your thought now.

It still depends on the kind of war if it involves small countries, then it will have no impact at all in the whole market, but if big countries like US, China, and Russia, then this will have a negative impact because there's a possibility that the scope will be wide and long, and it will involve a lot of countries because of their allegiances.

any war will affect all countries of the world. Now even small countries are connected with large ones and everyone has their own interests. every war helps many countries make good money. this is a regular business in which people simply die. But, when this happens businessmen, understand that they need to save their money and they are looking for a safe place to store their money

desticy

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Quote from: Cameron1Love on January 12, 2020, 08:43:48 AM

I am not against the topic OP, But not all signs also war can affect cryptocurrency. You have a point and its not possible to happen in the future and war is not a reason to pump the bitcoin.

Personally, I see the main problem in another. If a number of countries resort to the use of cryptocurrency during the war, in particular bitcoin, then nothing prevents large players from dropping the price of bitcoin to unimaginable limits, provoking panic moods, forcing them to sell most of the recently purchased bitcoins. Large players, in turn, will be able to redeem a panic sale on the cheap.

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Quote from: alan2here on January 12, 2020, 04:47:33 AM

Quote from: Wysi on January 12, 2020, 04:17:44 AM

War is just one of the factors which will affect crypto just like whales and other global event but the value of crypto cannot be entirely affected by war. Those who things war will increase the price of crypto often tends to forget that it makes the commodities expensive as well so there no benefit from war except for those who sells weapons.

War never ends well and it will only make the world situation more serious. I think a lot of wars happen in a violent way and that threatens people's lives. In my opinion, the crypto market will benefit greatly from these actions, but this is certainly undesirable because any war will make people in that country more miserable.

We should cherish peace more because if we can not keep peace this year, World War 3 will probably happen at any time and you will be the next suffering.

Certainly. Wars obstruct the progress of technology which is the heart of cryptocurrencies itself. Without technology to operate from, bitcoins and other cryptocurrencies are at risk of slowly drying out of their values until they become worthless digital garbage. Additionally, large-scale wars completely mess up economies, most of the time causing hyperinflation which will make it even harder for people to get a hold of cryptocurrencies and invest on them.

lixer

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Quote from: Obito on January 11, 2020, 05:42:05 AM

Quote from: SabrinaBianka on January 10, 2020, 05:00:46 AM

As I saw last days bitcoin pumps after Iran declared the war against the United States, On my observation its because some people on the middle east sold they commodities, some stocks and bought cryptocurrency to keep carefully their assets. Do you think guys war was favor on the entire crypto investors? You can share your thought now.

Temporarily, yes. But this war won't last long as Trump already pull back his actions. It is just about for Iran if they want to continue. Therefore the heat between two countries isn't much severe and little by little are becoming gone. So people who are afraid to lose their asset from the start would be pulling back their thoughts sooner.

Is it really happening? As long as I know, trump has no intentions to pull back as well all know how powerful the US is. Iran might want to pull back perhaps. But, if this war like situation comes on an end than we might perhaps expect the prices for bitcoin going back to normal as peoples would again put back that money into stocks and bonds which would give them a stable income.

Most of the forex traders might treat cryptocurrencies as an emergency wallet as they could store their funds in critical situation in those wallets and then again consume those funds once the situation goes back to normal.

Cameron1Love

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I am not against the topic OP, But not all signs also war can affect cryptocurrency. You have a point and its not possible to happen in the future and war is not a reason to pump the bitcoin.

alan2here

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Quote from: Wysi on January 12, 2020, 04:17:44 AM

War is just one of the factors which will affect crypto just like whales and other global event but the value of crypto cannot be entirely affected by war. Those who things war will increase the price of crypto often tends to forget that it makes the commodities expensive as well so there no benefit from war except for those who sells weapons.

War never ends well and it will only make the world situation more serious. I think a lot of wars happen in a violent way and that threatens people's lives. In my opinion, the crypto market will benefit greatly from these actions, but this is certainly undesirable because any war will make people in that country more miserable.

We should cherish peace more because if we can not keep peace this year, World War 3 will probably happen at any time and you will be the next suffering.

aioc

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Quote from: SabrinaBianka on January 10, 2020, 05:00:46 AM

As I saw last days bitcoin pumps after Iran declared the war against the United States, On my observation its because some people on the middle east sold they commodities, some stocks and bought cryptocurrency to keep carefully their assets. Do you think guys war was favor on the entire crypto investors? You can share your thought now.

It still depends on the kind of war if it involves small countries, then it will have no impact at all in the whole market, but if big countries like US, China, and Russia, then this will have a negative impact because there's a possibility that the scope will be wide and long, and it will involve a lot of countries because of their allegiances.

key4co.in

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Quote from: Wysi on January 12, 2020, 04:17:44 AM

War is just one of the factors which will affect crypto just like whales and other global event but the value of crypto cannot be entirely affected by war. Those who things war will increase the price of crypto often tends to forget that it makes the commodities expensive as well so there no benefit from war except for those who sells weapons.

I really like the fact that you mentioned "there is no benefit of war except for those who sell weapons". I saw someone saying in a crypto group that if the war can increase Bitcoin price, let it hold and I was surprised at the level of foolishness. How can someone ever wish for war 🤔 we already saw that the war threats might have pushed crypto prices a bit up but when Trump made a neutral statement saying there will be no war, the price still went down before picking up now again maybe due to people getting in because of halving.

Teraboy

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Quote from: minairia3 on January 11, 2020, 11:32:41 PM

Not entirely or globally affected. This reason could be somehow for Iranian businessman or people to buy crypto as their currency could go down and the only way to preserved it is through cryptocurrency. Cause inflation may arise due to their war with US.

Global market will be pulled somehow but that is only a factor and not based on this chaos. Bitcoin is preparing for halving so likely it will pump for a while and obviously it is starting as we see some demand increasing.

They are wanna make sure if all of their assets will be safe without a big decrease on the value of their assets. This conflic was giving direct impact to the world as so many stock markets have already gotten red candle. Even in my country is getting reacted caused by conflict by US and IRAN.
The halving will always become a good reason to argue about the pump for bitcoin but remember if this conflict is still continue and there is a lot of chance for bitcoin to go to the moon even more as the gold and bitcoin become the main consideration to migrate all of their assets.

Wysi

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War is just one of the factors which will affect crypto just like whales and other global event but the value of crypto cannot be entirely affected by war. Those who things war will increase the price of crypto often tends to forget that it makes the commodities expensive as well so there no benefit from war except for those who sells weapons.

shoreno

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Quote from: gabmen on January 12, 2020, 04:09:12 AM

Quote from: kodtycoon on January 12, 2020, 03:05:19 AM

i don't think so, this event is like an event that happened coincidentally and coincided with the growth of the crypto market, because we know the crypto market has been predicted to get its season back in 2020 and at the same time war or problems between countries happen. so i still can't decide if the war will have an impact on the growth of the crypto market

Lol. What about the people who'll be using crypto? If war spreads to many countries, people will be affected. Their daily lives, businesses, routines, and a lot more. The fact is that war affects everyone and everything. Crypto market may not be directly affected as let's say oil and stocks, but the effects would ripple even through crypto.

so if it affects crypto , what do you think its effect ? bad or good ? on certain countries there are wars but people still live continuously , they still go to the market to buy foods and they can also use and transact crypto normally .

better if we say that it will depend on how severe the war is , because there are kind of war that is evasive and people were really panicking .

Reid

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Commodity as in gold mostly right? And oil?

They might have sold bitcoin just for safety or they could have bought it.
We don't really know, but there is this doubt that the increase really came from there.
It could just be another pump from all the bitcoin buyers. We cannot expect this events to be all the reason for everything in the crypto industry.

gabmen

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Quote from: kodtycoon on January 12, 2020, 03:05:19 AM

i don't think so, this event is like an event that happened coincidentally and coincided with the growth of the crypto market, because we know the crypto market has been predicted to get its season back in 2020 and at the same time war or problems between countries happen. so i still can't decide if the war will have an impact on the growth of the crypto market

Lol. What about the people who'll be using crypto? If war spreads to many countries, people will be affected. Their daily lives, businesses, routines, and a lot more. The fact is that war affects everyone and everything. Crypto market may not be directly affected as let's say oil and stocks, but the effects would ripple even through crypto.

Landak

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in my opinion the war in Iran is just a trigger for the bitcoin get pumped. I think this year bitcoin is indeed time to rise aside from that there is halving that is getting closer.
despite the fact that it's true some people there move their assets to crypto. if we see today it is indeed beneficial for crypto especially crypto investors but it is not profitable for warring countries, in other words we as crypto enthusiasts are happy over their suffering (sad) Cry

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kodtycoon

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i don't think so, this event is like an event that happened coincidentally and coincided with the growth of the crypto market, because we know the crypto market has been predicted to get its season back in 2020 and at the same time war or problems between countries happen. so i still can't decide if the war will have an impact on the growth of the crypto market

oktana

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Favorable things in assets are temporary and depend on war escalation.

Whales will also always be involved in manipulating prices back. A party that looks panicked to buy any assets and make prices move instantly will not make trends change permanently, because it is done unilaterally, except in conditions of a protracted world war, in this case crypto investors also always see developing conditions.

senin

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Quote from: SabrinaBianka on January 10, 2020, 05:00:46 AM

As I saw last days bitcoin pumps after Iran declared the war against the United States, On my observation its because some people on the middle east sold they commodities, some stocks and bought cryptocurrency to keep carefully their assets. Do you think guys war was favor on the entire crypto investors? You can share your thought now.

Iran has not yet declared war on the United States and is unlikely to do so. After all, they should understand that they cannot resist the US military forces and win the war as well. If the threat of attack is real, the US will not hesitate to occupy Iran as one of the largest oil producing countries in the world.
During the period of increasing tension between the two states, we saw that the price of bitcoin began to rise, although in Iran itself the demand for bitcoin did not seem to increase. It seems that small military conflicts will contribute to higher cryptocurrency prices. I think that not only Bitcoin will grow, but also promising altcoins.

White Christmas

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Quote from: SabrinaBianka on January 10, 2020, 05:00:46 AM

As I saw last days bitcoin pumps after Iran declared the war against the United States, On my observation its because some people on the middle east sold they commodities, some stocks and bought cryptocurrency to keep carefully their assets. Do you think guys war was favor on the entire crypto investors? You can share your thought now.

I don't think so that war is favor for us who are crypto investors and I don't think it is good for the entire crypto community to have a war in order to increase the value of the cryptocurrency as well as all the coins including that has the biggest impact which is the bitcoin.
There are a lot of reason why the cryptocurrency suddenly pump up very high when the Iran and the United States of America declared a war from both parties, first of all bitcoin is back by united States dollars do probably it would be have a big impact to the cryptocurrency that has been a valued of a dollars.

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I do not think so. The most influential during the war is gold. Strengthening gold because of the war also requires no small cost, automatic purchases will use fiat money.
Therein lies the strengthening of the price of gold and several other commodities, because after the war there must have been a weakening of the currency of the country concerned.
Unlike the case with bitcoin which only utilizes public opinion on the occurrence of war issues so that it can temporarily strengthen prices, because basically bitcoin only depends on the behavior of buyers and sellers in the market.
Investors can benefit depending on what level of confidence they have on the issue at hand.

fortunecrypto

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Quote from: SabrinaBianka on January 10, 2020, 05:00:46 AM

As I saw last days bitcoin pumps after Iran declared the war against the United States, On my observation its because some people on the middle east sold they commodities, some stocks and bought cryptocurrency to keep carefully their assets. Do you think guys war was favor on the entire crypto investors? You can share your thought now.

In some way it is, there are rich people and businessman who knows Bitcoin and they made it one of their option, to trade their wealth to Cryptocurrency, to protect their assets and to bring their assets with them if they are going to flee their country, they can get it out in an easy way with paperwallet or USB.

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