What will happen to BTC if China attack on Taiwan? - page 2.

PX-Z

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

As Taiwan is a China Territory.

Who told you that? Taiwan is not territory of anyone's country.

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

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.

How the hell bitcoin relates to the attack? Nothing, stop this nonsense question that related everything to bitcoin.

If you're asking what's the aftermath if another war broke, then you will see US sanctioning China, and then China will not care because they are more self-reliant country than US or any other country. US and its allies might suffer the most sanctions after sanctions. As stocks and global market suffer it will be another domino effect no exception even bitcoin.

kryptqnick

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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.

If we start with Russia attacking Ukraine, Bitcoin was doing quite well in the first months of the war, I don't think it can be reasonably proven that the war had a negative impact on it. On the contrary, Bitcoin because way more visible in public discourse (at least, in Ukraine, but Russian officials also explored cryptos) due to the need for international donations (and/or anonymous donation if a person doesn't want it to be know that they support something military-related). What happened next with Bitcoin is probably a result of economic hardship, and it can also only partially be attributed to the war. I hope China won't attack Taiwan, but if it does, I don't think an adverse effect on the price is to be expected. At least, not immediately and not directly.

bigjuk

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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.

You see Russia vs. Ukraine today, that's what Bitcoin is like if China attacks Taiwan, it looks like you have to re-clarify between war and Bitcoin.

Economically it might have an impact, for Bitcoin I don't think so, in terms of influence I think Russia's influence is greater than all sectors, oil, gas and so on, in fact Bitcoin is still in its normal position, not having a serious impact, that's what will happen if China goes to war withTaiwan.

Victorik

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Truth is there might be a drop if that happens, but I am sure it will surely bounce back as always.
It will affect not just BTC but other aspect of the economy as well seeing that the war will result in restrictions.

BobK71

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Quote from: Issa56 on August 04, 2022, 08:48:26 AM

I just hope the war won't really happen, from my own perspective I believe if the war can start start between China and Taiwan, it will definitely affect the price of bitcoin and other altcoins, I just pray the war those not happen because nothing good comes out of war, so let's just keep praying and hoping that the war won't happen because am sure even if those not really have high impact on bitcoin it will still affect the market. But am sure no matter how the market dump bitcoin will definitely still recover.

War will exist but its effects will not always be everywhere. Again, the effects of some wars affect the whole world. Both China and America are in a strong position on the Taiwan issue. Hopefully the problem will be solved before anything major happens but if war breaks out it will be a terrible war and everything will be affected as we see in Russia and Ukraine war. Because China has become an important center of trade. If there is any problem in China, this will affect the whole world. It is true that even if there is a war, there will be no direct effect on the BTC market. Because we know China has banned cryptocurrency from long ago.

Stella Mese

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if China attacks Taiwan, . it certainly won't have any impact on bitcoin. because bitcoin has a lot of demand, a simple example like this, now in this world there is an economic crisis and the causes are many and varied, of course. Russia and Ukraine conflict. and in my opinion the conflict between russia and ukraine, did not cause bitcoin to go down because even though there was a price decline in my opinion it was a natural thing, because every year there is always a cycle like that, namely rising and falling prices. but now, when the world economy is down, many people invest in bitcoin. because they feel helped by bitcoin, so they can invest long term and short term in bitcoin. and that's a simple example in my opinion. so if China attacks Taiwan, I don't think it will have any impact on bitcoin.

dataispower

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The way I'm seeing cryptocurrency especially Bitcoin I believe that it is something that a particular country cannot hold down. Bitcoin is a decentralized currency which is well-known and the heat operate digitally that is why I stick to say but a country crisis cannot effect the value and the recognition of cryptocurrency for the global world because bitcoin itself is not being used by a particular country but generally across the world when we have it in mind that the price of Bitcoin can be affected due to problem between two countries Hermes it can be related but since Russia and the Ukraine crisis have exist before now and it didn't affect Bitcoin price so no any country the price can affect bitcoin.

Issa56

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I just hope the war won't really happen, from my own perspective I believe if the war can start start between China and Taiwan, it will definitely affect the price of bitcoin and other altcoins, I just pray the war those not happen because nothing good comes out of war, so let's just keep praying and hoping that the war won't happen because am sure even if those not really have high impact on bitcoin it will still affect the market. But am sure no matter how the market dump bitcoin will definitely still recover.

cheezcarls

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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.

Although that this has nothing to do with the conflicts, tensions and anything that is war-related, for sure the whales are going to manipulate the market in which they’re going to condition the minds of the newbies and average joes out there to sell their Bitcoins or altcoins in order for the whales to buy them at cheaper prices.

If you look at the Russia-Ukraine war, the nosedive of Bitcoin and other cryptocurrencies are just temporary and eventually stabilized after. As Bitcoin crashed below $30k, it usually began with the crash of Terra Luna and its UST stablecoin, then it continued with Celsius putting withdrawals on hold until further notice and the list goes on.

BTC is here to stay no matter what despite the ongoing conflicts that we have worldwide.

GreatArkansas

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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.

For me, it will become less effects on the Bitcoin market or other markets compared with what happened before.
I don't see any other reasons why Bitcoin will get affected by conflict with China and Taiwan now even China will attack Taiwan. Even though we all know China is a big country but these kinds of issues will become normal if not that really big or huge and the Bitcoin market will not be affected at all.

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Quote from: hatshepsut93 on August 03, 2022, 06:34:44 PM

Taiwan is the largest producer of microchips in the world. It has huge implications for both Bitcoin and global economy. And global economy also affects Bitcoin, especially in the short term. From the recent history we can see that Bitcoin is not a hedge against inflation or economic instability. It tends to follow the stock market and economy in general. So a war in Taiwan would likely crash Bitcoin's price and it would take a lot of time to recover.

Yeah, although a large portion of the world relies on them, and a few other countries, so exports probably will be allowed to resume. Depending on the devastation the war would cause, depends on how much they're effected, and obviously the actions that Taiwan take, i.e bringing in conscription which pulls factory workers out from building microchips etc.

There probably would be an impact to Bitcoin, but other industries in the world will likely feel the pressure even more.

Quote from: pooya87 on August 04, 2022, 06:30:47 AM

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

As Russia attack on Ukraine it effects the BTC mostly.

Russian attack had no effects on bitcoin price whatsoever. It fucked the Western economy which in turn reflected on bitcoin and was mostly panic sellers that caused a bigger crash than logical.

China's possible attack would have the same effect. If it fucks Western economy more, it could cause some more panic sells in bitcoin but considering that weak hands are mostly out of the market the drop may not be nearly as big.

Right, the Russian invasion was also compounding a already weak economy because of Covid. Therefore, it was like double the hit. We haven't even seen the worst of it yet. However, there's also a difference I think, while Taiwan does manufacture a lot of our technology here in the West, Russia, and Ukraine basically provided a tonne of gas, oil, and wheat to much of the West. So, while definitely we'll see the effect, the effect on the Russia, Ukraine war was mainly compounding on a already declining economy, as well as effecting essential goods which a lot of countries relied on.

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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.

Actually when the war has started Bitcoin price went from ~39600$ to ~48200$ (in about a month). So you're wrong.
But we are in crypto winter part of the 4-year cycle, then the overall world crisis (and also COVID, war, energy) makes the markets look bad. Imho we will see only in a couple of months how badly is Bitcoin price affected.

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

Shiba inu will be effected if above tension come true. And many more token will be effected.

Sorry, I don't care about all shitcoins and shit tokens. You'll learn over years that most don't deserve any attention.

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

As Taiwan is a China Territory.

I guess that you've failed the geography classes. Taiwan is an independent country, no matter what various politicians claim.
Indeed, its other official name can be confusing, still , Republic of China is one and People's Republic of China is another thing (another country).

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.

Usually a war start can make bitcoin prices go up, since it can be seen as a store of value for those fleeing from war, for example, then they stabilize back to "normal".
But this is for Bitcoin. For the shitcoins I don't know.

Eternad

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China attacking Taiwan means US will surely interfere. This will cause another economic crisis but this time with a large scale since this 2 countries holds the major economy in the world and fighting for super power. I think we shouldn't be concerned on Bitcoin when that happened because everything will crumble once this 2 major country clash and resort to there nuclear war heads once they are push on the edge of defeat.

I doubt China will attack now even though they are very angry. China is not yet on the US level in terms of military while there main alliance country Russia is busy on there own neighbors problem.

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Quote from: cryptoaddictchie on August 03, 2022, 11:37:40 AM

Quote from: jackg on August 03, 2022, 11:15:08 AM

If other asian countries or Taiwan are able to deter an invasion on their own (they are an island and it is their land, they may have complex plans to prevent being invaded) then we might see more positive effects on both bitcoins and stocks valuations.

Hopefully they could. With regards to OP's inquiry I think it could drag down btc price like what happened on Russia and Ukraine were series of fuds has escalated and panic selling due to needs of funds for the war.

But we all knew China (Chinese community loves bitcoin) cant totally dump their asset for the war which likely wanted by US since its their business afterall. A war could trigger a lot of movement here and no one could anticipate a factor whether its bullish or bearish. Remember covid is an international problem too but crypto market were able to do a Bull run season. Its depend on a major factor actually even its a war.

The fact that US has been bragged to the issue and many people keep looking after USD pegged to bitcoin maybe this will really give effect to the price of bitcoin because they majority will think that its automatic drop if there's an issue like this will happen to the world plus this countries are can be called giant so most provably this is another problem on bitcoin price stability since for sure many investor will secure first their capital than holding some in times of crisis.

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

As Russia attack on Ukraine it effects the BTC mostly.

Russian attack had no effects on bitcoin price whatsoever. It fucked the Western economy which in turn reflected on bitcoin and was mostly panic sellers that caused a bigger crash than logical.

China's possible attack would have the same effect. If it fucks Western economy more, it could cause some more panic sells in bitcoin but considering that weak hands are mostly out of the market the drop may not be nearly as big.

Quote

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

Shitcoins will always dump regardless of what is going on in the world.

8rch7

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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.

davis196

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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.

This event would have the same impact over the Bitcoin price as every other unexpected event, that has a global impact.
The Bitcoin price will drop for a while and then recover after a while. Nothing else. Almost all altcoins are following the Bitcoin price, so the same thing will happen to them as well.
I don't really think that China will attack Taiwan. The Chinese communists aren't that dumb. There's no point starting a World War III (and ruining their economy) for a small island.
They will act as if they are really angry because of the Pelosi visit, but nothing else will happen.

NotATether

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Look, the only way this scenario can possible play out as is if Taiwan people make protests like the Hong Kong people, and then Chinese send police into the ariea. Otherwise, you're just conjuncturing up a fantasy.

Neither side is dumb enough to make such a thing happen.

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Quote from: nullama on August 03, 2022, 10:08:59 PM

Bitcoin is as global as the Internet, therefore any local conflict between some countries shouldn't really affect Bitcoin too much.

It was designed to be resilient and decentralized, so it will continue to work as expected, just like the Internet keeps working as expected.

Agreed. However, if China attacks Taiwan and this causes the beginning for world war 3, the market and price of bitcoin will ceratinly not be very bullish. Everything might dump very quickly very much similar to March 2020 when covid was declared a worldwide pandemic. Also if energy prices become very expensive, this might certainly cause many miners to shutdown.

Ahli38

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nothing will happen to bitcoin.
bitcoin will only operate as usual, namely down and up normally. so no need to worry.

even when russia and ukraine went to war it didn't really have much effect on bitcoin. because at that time bitcoin was in a bear market even before russia attacked ukraine.

The soft-fud type by exaggerating the effects of the Russian and Ukrainian wars on bitcoin is what drives people into fear of buying bitcoins. even though the use of bitcoin is more effective when there is a war and it is proven now that bitcoin holders on a small scale are becoming more numerous and continue to increase rapidly. so keep calm and enjoy this moment.

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