What will happen to BTC if China attack on Taiwan?

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Quote from: hZti on August 06, 2022, 02:28:20 PM

Quote from: Amicable55 on August 03, 2022, 11:22:27 AM

As we see BTC was down before Russia Ukraine war. But it effects mostly BTC and BTC not recovered till now. Shiba inu will be effected if above tension come true. And many more token will be effected.

I don't think that bitcoin will be affected by that so much. If a recession starts and people are in need of more money, it can affect the price negatively. At the same time if there is inflation because of the war, bitcoin could become more valuable. Essentially we can't know what will happen and therefore I think nothing at all will happen.

What you say makes sense but people are not that rational, if China decides to invade Taiwan anytime soon then I think there will be a lot of panic on the markets and people will begin to sell their assets as they will prefer to have somce cash so they can have some flexibility about the measures they can take to protect themselves, so I think a drop in the price of bitcoin is very possible even if I think a recovery will happen soon afterwards.

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Quote from: Amicable55 on August 03, 2022, 11:22:27 AM

As we see BTC was down before Russia Ukraine war. But it effects mostly BTC and BTC not recovered till now. Shiba inu will be effected if above tension come true. And many more token will be effected.

I don't think that bitcoin will be affected by that so much. If a recession starts and people are in need of more money, it can affect the price negatively. At the same time if there is inflation because of the war, bitcoin could become more valuable. Essentially we can't know what will happen and therefore I think nothing at all will happen.

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I think the effects would be huge but I don't think China has any plans now to attack Taiwan because this would have so much effects on the Chinese economy because there may be a lots of sanctions on the Chinese goods. The Chinese government may be looking for plans to avoid any sanctions that may come as a result of attack on Taiwan territory. If an attack ever happens, this will affect Bitcoin at large and so many things will go wrong because many countries depends on China for raw materials.

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There was a saying war never brings happiness and profit, war always create damage. If China attack on Taiwan then the word will see a another Economic collapse For example, we are still suffering the consequences of the economic collapse caused by the war between Russia and Ukraine. And as Bitcoin is connected to the economy, I think that any impact on the economy will indirectly impact Bitcoin. So price can be drop

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The most obvious impact of the war is the disruption of the national economy, which can then trigger implication for the disruption of the global economy so that it will have an impact on the stock market. Bitcoin has a correlation with the stock market, so if that war were to happen then it is hard for me to say that the bitcoin price would not be affected.

Quote from: Amicable55 on August 03, 2022, 11:07:05 AM

My question is that how many others coin will affected if above said thing goes straight.

All altcoin will be affected by bitcoin price movements. Pay attention to the market, you should know how the bitcoin market works for altcoin.

Bitstar_coin

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Quote from: Amicable55 on August 03, 2022, 11:22:27 AM

As we see BTC was down before Russia Ukraine war. But it effects mostly BTC and BTC not recovered till now. Shiba inu will be effected if above tension come true. And many more token will be effected.

Yeah, any time btc drop is because of one thing or another, what will happen to btc if China decides to invade Taiwan? nothing because btc is not located in any of these countries, btc is decentralized and operates independently only investors of these affected countries take things to the extreme and assume the worse case with situations like that.
China is not a btc friendly country anyways so I don't see why this should even be a problem.

virasisog

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It will surely affect Bitcoin in a short term but will recover later on just like what happened when the war between Ukraine and Russia occurred. Bitcoin will still stand firm despite all the global issues happening. Dumps and pumps are normal during wars and countries' conflicts but every situation is still an open opportunity for everyone to invest.

kasunrandil

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could be a reason to huge temporary price dump. but not to care . we all have seen what happening in catastrophic issues. price come down temporaly and it is blowing upto sky high again. the reason is for that is bitcoin is acting as a store of value. while in a catastrophic issue which you mentioned above , people and investors understand money has no value in that season. they are starting to buy gold as well as other store of values. so the bitcoin is also act as a store of value as i mentioned above. then the price could recover and could go to even higher number of values. thats all. if you are a bitcoin holder or a bitcoin believer you dont need to panic in that kind of situation.

Ultegra134

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Honestly, I believe that we'll have more important issues to face if another war flares up between China and Taiwan. Bitcoin's movement will probably be the least of our concerns, since both countries are huge exporters of pretty much everything, from technology to household goods and precious metals. Conflict certainly isn't positive for the cryptocurrency, nor the stock market.

TheNineClub

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The same as with the invasion of Ukraine. As more and more conflicts arise, so fo the prospects of a global economic standstill, and when that happens, people tend to buckle down and save their money, not invest. I mean, it's hard to imagine the economy in general wouldn't take a downturn in events like this. We were bearly hanging by a threat as is when the times were "good".

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Quote from: Zilon on August 06, 2022, 02:29:52 AM

Bitcoin are likely to fall aa they are likely to rise, It is obvious how economic and political uncertainty will always stir up either positive or negative effect on Bitcoin price. For the case of China's attack on Taiwan as global conflicts keep escalating it wiser to play safe in the crypto market at the moment because volatility will always drift price towards the effect of the war and the move is rapid

Lol you're talking about how volatility work it is and no have relation with the war with the Bitcoin price. If you're not sure if the war will make Bitcoin price increase or decrease, then you're don't have any idea with it and just like want to play in safe area.

Actually any war wouldn't effect Bitcoin price except a big war e.g. World War III where everyone will convert their money and coins for food in order to survive.

KaliLinux

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Quote from: Amicable55 on August 03, 2022, 11:07:05 AM

As Taiwan is a China Territory. As Russia attack on Ukraine it effects the BTC mostly. My question is that how many others coin will affected if above said thing goes straight.

People ask this type of question if the Russian/Ukrain war was going to affect the Bitcoin price or if it was the reason for the Bitcoin price drop but as most have pointed out, Bitcoin price started dropping way back on Nov 11 2021 to be precise and even when the war started Feb 24, 2022, Bitcoin witnessed a bit of price increase before it went down to where the price is now and I think unless we have a full world war, if China and Taiwan should go into it which I hope should not happen, there might be little effect to the Bitcoins price as china has already banned Bitcoin activity in China and the market is also already in a Bear stage anyway.

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Bitcoin are likely to fall aa they are likely to rise, It is obvious how economic and political uncertainty will always stir up either positive or negative effect on Bitcoin price. For the case of China's attack on Taiwan as global conflicts keep escalating it wiser to play safe in the crypto market at the moment because volatility will always drift price towards the effect of the war and the move is rapid

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Quote from: so98nn on August 05, 2022, 11:47:31 PM

The independent role of the bitcoin prices and war out there is already proven. There is no firm relation bewteen the two but it could be associated with the facts such as war suffered country getting donated in bitcoin and thus large sum of bitcoin getting bought, traded, exchanged for the same?
May be there is zero to no effect on the bitcoin once china and taiwan go into the war.

The fact that we have independent investors in the bitcoin overcomes the war situation. For example, consider big institutional investors with millions of bitcoin in their wallet, how on the earth would they be affected with the news that they will sell, buy more, or do anything about it? and why would it affect the prices anyways.

Look at the bitcoin graph during the period when russia attacked Ukraine, the entire market sank significantly. This is not about what investors who have millions of bitcoins in their wallets will do if China decides to attack Taiwan, but about what will happen to the price of bitcoin. For a while, the market will react in the same way, there will be a fall, but when the situation stabilizes, then the price will go up again.

gunhell16

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Quote from: Amicable55 on August 03, 2022, 11:07:05 AM

As Taiwan is a China Territory. As Russia attack on Ukraine it effects the BTC mostly. My question is that how many others coin will affected if above said thing goes straight.

First of all, my friend, I just want to correct you on what you said, which is that Taiwan is not owned or controlled by China as far as I know, because if Taiwan is controlled by the country of China, then the president of Taiwan and China would be is only one. That's why it's not like that, right? Apparently, China is just saying that they still claim or cover it, but in reality, they don't. Try doing your own google research on this dude. You'll see what that means.

Now if China attacks Taiwan, I am also sure that the countries that are close to them will affect the economy even the digital currency market in the Bitcoin industry I am sure of that. Such is the case with the recent conflict between Russia and Ukraine. I'm not sure which altcoins will be affected by the conflict between these two countries.

so98nn

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The independent role of the bitcoin prices and war out there is already proven. There is no firm relation bewteen the two but it could be associated with the facts such as war suffered country getting donated in bitcoin and thus large sum of bitcoin getting bought, traded, exchanged for the same?
May be there is zero to no effect on the bitcoin once china and taiwan go into the war.

The fact that we have independent investors in the bitcoin overcomes the war situation. For example, consider big institutional investors with millions of bitcoin in their wallet, how on the earth would they be affected with the news that they will sell, buy more, or do anything about it? and why would it affect the prices anyways.

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Quote from: 8rch7 on August 03, 2022, 11:34:56 PM

Taiwan is one of the chip-producing countries in the world, which are used for electric cars and mobile phones, if China is really serious about attacking Taiwan, I personally think it will be affected by bitcoin, such as the events that occurred between Russia vs Ukraine, making market participants worried again. and almost all assets fell, not only crypto, even the stock market was sluggish, I hope there will never be another war, because so many will become victims of war, because war makes the economy weaken in all circles.

Also, world war is an event that causes more inflation. This will cause the prices of commodities similar to crude oil, coal and natural gas to increase and also cause the prices of energy around the world to increase. This will also cause the miners' costs to mine to increase. Production of mining hardware will also increase. This and a recession because of war might be the cryptospace market's hardest trial to survive. I speculate bitcoin's market might survive because it has the biggest with much of the liquidity, also maybe Ethereum. However, much of the rest might die.

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if you ask about the effect of the bitcoin market when the china and taiwan war occurs, of course there will not be much influence because we all know that bitcoin is no longer supported by china and china forbids bitcoin. But if the war occurs the effects on the economic sector will both occur. China as a large trading sector for the whole world and this affects the trade sector. We all hope that war doesn't happen.

kensaii

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Nothing, China like always, acts big and mighty but real action is just fart. After the brief exercise around Taiwan to save China's face since Pelosi's trip, everything will back to normal. No chip shortage, no war or anything. Maybe the stock market and crypto will tumble out a little bit causing confusion and weak hand to buckle but that's it. Nothing happened after the exercise ended on Aug 8, nothing burger as usual.

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Once China had a big impact over the market movements of bitcoin. Once after its complete ban things have changed. The price of bitcoin experienced a drastic fall once after the invasion of Ukraine by Russia. Further the price started to grow slowly as the usage of bitcoin increase as the world countries and European countries made sanctions against Russia paving path for the usage of cryptocurrencies to overcome sanctions. With China and Taiwan such scenario won't happen.

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