War affects the Entire Cryptocurrency? - page 4.

sana54210

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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.

Wars might affect the prices for the stocks. Stock prices might reduces because of the ongoing problems of the war like situations and it is what brings people's faith in selling their stocks.

Now, those peoples who might sell their stocks would find some source for investment and hence they might invest in bitcoins to keep their money safe. This is what brings the price for bitcoins on the peak and the price for stocks reversely goes down. This should be a normal scenario in war like situations. War is actually in favor of no one as most of the financial resources as well as human life is endangered in the wars but this is what brings the price for bitcoins up at least in the current situation.

princecharles

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The war between American and Iran may not be the sole reason for the slight upward movement of Bitcoin. Though, it's possible some persons could choose to convert their fiat to Bitcoin to ease the process of changing into other countries fiat. I still believe that there's more to the bitcoin upward value than the war between Iran and United States.

minairia3

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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.

jazmuzika217

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Honestly this war have a huge effect in crypto industry. If we talk about crypto price specially bitcoin's price it has a good effect because all we see the progess of price increase but I am not happy because all we know what will the effect of this war. First, many life will waste. Then of of products that will we used will have a price hike because all we know that all of petroleum products are came from middle east so it's price is also affected.

smyslov

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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.

Not really the entire Cryptocurrency, there is a small pump but it's effect its very much the same just like if we do not have this kind of news remember we always have a big pump and big drip even if there are no news around us like this, it's a normal action of the marke, some people buy because think it's the right time to buy.

yulionoo

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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 agree with you that maybe the increase in bitcoin yesterday was indeed the impact of the Iranian conflict. because middle eastern investors sell their shares and move their assets into gold and bitcoin. so bitcoin has increased. during these conflicting and unstable conditions they think it would be safer to keep their assets in gold and bitcoin. because during a war the stock market will be affected by a large enough.

alan2here

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Quote from: r32godzilla on January 11, 2020, 04:23:34 PM

Panic and fear of possible war caused pumps on gold, oil and shares that represent arms industry. Bitcoin followed this trend and from this move we can expect that Bitcoin will behave the same way also in next big economic crysis. People will move into gold, precious metal, oil and Bitcoin, in every rare thing to protect against huge inflation that is connected to economic crysis.

War never makes me happy because every war has a great influence on that country economy and this is something no one wants. In fact, Bitcoin and Gold are often two markets chosen by many investors when there is a war and the value will definitely increase very high in a short time. Currently, people prefer to invest in Bitcoin because the coin can be traded anywhere and is considered the most valuable asset.

Of course, everyone will think differently when it comes to this but hopefully there will be no more wars in 2020 and Bitcoin needs to grow according to investor demand.

outatime1

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I think in times of potential economic crisis, people shift their investments away from fiat currencies. The Iran situation is a little uncertain because there is potential for a conflict, but I think both sides are careful not to get into something long and drawn out. That's why I don't think we have seen any major changes in price yet.

mdzahed134

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Something affected i think because we know that already current situation is vive of world war 3 that's why crypto started increasing. And BTC crossed 8k$ and all of those alts coin are pumping. Not only crypto-currency others a lot of things are increased after dead kashem solaimani such as oil price more increased. But many international stock exchanges price are decreased.

Baofeng

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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 is just speculation at this point, we can't really say if people in Iran or at least people affected by the supposedly war between Iran/US are selling and moving their assets to cryptocurrency to hedge their wealth. But if they did, it make sense but I'm not sure if this is the wise thing to do though. We don't wish any war, and I don't think that we are close to it. Let's just say that everything is still based on supply and demand.

pixie85

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Quote from: inanilujimi on January 11, 2020, 05:57:10 AM

Actually I personally do not really believe that the increase in the value of BTC is caused by the war between Iran and the US, but the fact that the value of altcoin and BTC is increasing at the time of the situation, this is for me an issue brought that makes it a reality.

And how will you explain that the attack of the USA on Iraq coincided with the pump and the Trump's speech where he said that he will not retaliate for the counterattack on the US air force base was followed by a dump?
This is really looking like the news had an impact on the price but maybe you know better. It wasn't only BTC that pumped but also gold.

r32godzilla

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Panic and fear of possible war caused pumps on gold, oil and shares that represent arms industry. Bitcoin followed this trend and from this move we can expect that Bitcoin will behave the same way also in next big economic crysis. People will move into gold, precious metal, oil and Bitcoin, in every rare thing to protect against huge inflation that is connected to economic crysis.

ampere

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I do not believe so.
It looks like people bought and dumped their bitcoin for different reasons
Some to store wealth
Some to prepare to leave the country.

It depends on the hodler

bttmember

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There is a twist in the tail as the Ukaranian airplane has now been confirmed to be demolished by Iranian forces which they claim was unintentional and missile hit the passenger plane killing around 175 innocent people. This scenario has developed rage among Ukaranian people and govt against Iran and they are expected to take strong action against Iran too, looks like all these matters are going to continue all this year and beyond.

electronicash

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it would make sense for a person to buy BTC though if there will be war coming into their country. i myself might just go an buy if the danger comes. there are much gold in Iran already which most of them probably have a lot in their homes. but they nay not be able to travel with it outside the country to which BTC would make sense when they try to go over Canada or Europe. the good news though is that war won't happen.

Script3d

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Quote from: onyek16M on January 11, 2020, 11:16:51 AM

Quote from: Script3d on January 10, 2020, 12:11:41 PM

Quote from: onyek16M on January 10, 2020, 11:53:09 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.

of course war issue help investor so much, in few days all cryptocurrency include bitcoin increase high price. not only cryptocurrency but in real life such gold also increase price, i am sorry to said about i am happy with war affect today. i hope it only war issue not really world war 3. although the affect is good all cryptocurrency increase price but war is not good to do

i dont think war helps the grow of cryptocurrency at all, i think it hurdles the growth, not only that it also affects stock market and other economic things, having a war happening will never gonna turn into positive thing, but bitcoin is very young i don't think the war could affect the price of cryptocurrency, selling your belongings for crypto is not a good idea at all, especially when there's a tension happening between countries.

Unfortunately in fact, cryptocurrency increase high price same time with issue war published. it also happen with gold, gold increase price same time with issue war published. and the news said that increase price of asset influenced by issue war
i think its one and only reasonable enough because when we are thinking halving bitcoin impact for bitcoin price today its difficult to believe, halving will happen still long again

It's just probably coincidence, the price increase and the tension kicked in, gold and crypto is not the same, again it's just probably coincidence with gold also, what're you gonna do with your gold/crypto in a war? for bitcoin the upcoming halving is probably the reason why the price increased.

SummerBliss

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That's just merely coincidence and it won't affect any part of crypto at all. If there's gonna be, it would most likely be because people there wouldn't want their money to be lost so they decided to buy BTC as their storage. It seems also that the price plummeted back to 7.8k sometime after there was like a news that there ain't a single war that's gonna happen.

I agree to your point. It was just a coincidence. Price going up has nothing to do with the Iran USA tussle. It was more of a technical. If you see altcoins too made movement. This shows that market in the whole is recovering. Altcoins had bottomed out. They got a support because of the Bitcoin price going up and now are following the price up movement.

Dalmar

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The war means panic which can be the main reason why prices increase in such a short term. The oil and Gold are the main safe financial assets which react the every single war-related announcement by the officials, BTC also takes its piece of volatility from such news.

HabiebRiziq

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Quote from: samcrypto on January 10, 2020, 04:42:22 PM

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.

This is just a theory and no way to prove this one aside from having a real war. Well, let’s not hope for this one and let’s hope that bitcoin will go up even if there’s no war. The price is pumping again, this is just an speculation but i also think bitcoin moves before because of the tension in the middle east. Bitcoin might be safe for them that’s why they are coming in, or whales can also be the reason of the pump.

I also hope that bitcoin will increase without war which is then associated with cryptocurrency. For me personally it is true that the tension in the middle east and then the rising price of bitcoin could be a reason, but for me it might just be a coincidence and not because of the riots that occurred in the Middle East.

onyek16M

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Quote from: Script3d on January 10, 2020, 12:11:41 PM

Quote from: onyek16M on January 10, 2020, 11:53:09 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.

of course war issue help investor so much, in few days all cryptocurrency include bitcoin increase high price. not only cryptocurrency but in real life such gold also increase price, i am sorry to said about i am happy with war affect today. i hope it only war issue not really world war 3. although the affect is good all cryptocurrency increase price but war is not good to do

i dont think war helps the grow of cryptocurrency at all, i think it hurdles the growth, not only that it also affects stock market and other economic things, having a war happening will never gonna turn into positive thing, but bitcoin is very young i don't think the war could affect the price of cryptocurrency, selling your belongings for crypto is not a good idea at all, especially when there's a tension happening between countries.

Unfortunately in fact, cryptocurrency increase high price same time with issue war published. it also happen with gold, gold increase price same time with issue war published. and the news said that increase price of asset influenced by issue war
i think its one and only reasonable enough because when we are thinking halving bitcoin impact for bitcoin price today its difficult to believe, halving will happen still long again

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