What do you guys think will happen with the BTC price if this scenario will come true in a few weeks?
If there was a big war, and god forbid there was any kind of 'lights out' scenario in China, then that would be very bad for Bitcoin. On the otherhand, if there was a big war, it is unlikely to kick off at some agreed time, such 3pm, next Saturday afternoon with the replay being held the following Wednesday evening should the first round of the war end in a draw. i.e. Bitcoin's biggest potential in my view has always been capital flight from people who have savings in vulnerable currencies, which the CNY might well be in the run up to a situation that could result in a big war. Mind you, Chinese investors also have gold, with China being the both biggest producer and importer of physical gold, and a gold exchange having recently opened in Shanghai.
What do you guys think will happen with the BTC price if this scenario will come true in a few weeks?
According to the Bitcoin weekly chart, Bitcoin has had it's big ramp. There is confirmed divergence between RSI and price action, with confirmed bearish structure in place on the weekly RSI. Bitcoin has had a momentus run up. an increase of around 400% overall. If you have caught all that, time to take some profits. Bitcoin has a potential hardfork event coming up and looking around other cryptos, those always mean instant losses. Gold on the otherhand is on the verge of breaking out of a 6 year bear market, having spent the last 2 years scraping along the floor. With the way geo-political events seem to be lining up, this chart seems to make sense. The Chinese and Russian central banks aren't stockpiling Bitcoin, they are stockpiling gold. The Chinese and Russian governments haven't just implemented Bitcoin as a means of settling international trade. They have just implemented gold as a means of doing this job.
Take some of that Bitcoin, and buy some gold and hold onto it. Those gold coins will still be highly valued long after Bitcoin has went down in the history books as the very first failed crypto-currency attempt.
I am bearish on Bitcoin at the moment, so my advice would be to sell it all, but of course, I might be wrong about that. Some other posters may butt in here and point out that I am a Bitcoin perma-bear, but this is not true. Look through the latter pages of my TA thread, and you will see that I have been touting $1500 BTC since Sept 2016, when Bitcoin was still in $500s, post the Finex scam. To me, it looks like BTC isn't going to get to $1500 on this move. Perhaps it will further down the line. Or perhaps it never will. Bitcoin is a hugely risky investment for someone to have 'all their cash in', with huge systemic risks in every direction that you look......take it from someone who has been robbed by two exchanges now (Kraken and Finex) and discovered the hard way how these places are set up in order that the operators can do what ever they please with complete impunity.
Edit: I am also deeply dissappointed in Trump and cannot abide those who seek to find excuses for him or cover him with a rose tinted gloss. The great big bloated orange egotistical prick has either sold out, or is being controlled, or has taken everyone for a ride all along. I don't care which is the case. It is business as usual for the Evil Empire, and then some........never seen a US president act so belligerent towards North Korea before. A very dangerous regime controlled by the most dangerous man, with the most diabolical ego on the face of the planet (Kim Jong Un that is, although Trump and the US are probs a close 2nd).