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.

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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.

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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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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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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 question can be answered when looking at the market conditions, other coins will be affected by the current bitcoin sentiment, the current correction phase may affect some coins in the market. Although it is possible, this will not only be affected by bad news appearing in ukraine as well as russia, but if bitcoin reacts negatively then other coins will usually be affected in the same way, that's why people say that bullrun condition is marked faster by bitcoin then coin next will follow after that

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Quote from: avikz on August 03, 2022, 11:40:57 AM

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

As Taiwan is a China Territory.

Wrong information! China claims that Taiwan is their territory but it is indeed an independent country.

Quote

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 China attacks Taiwan, I think bitcoin's price will be positively impacted. China can take same measures they took with Hongkong residents and w3 have seen people converting their wealth into bitcoin to safeguard from bank account freeze. The demand for bitcoin should increase as well as the price if another war happens!

Hi! I am from Taiwan(Republic of china)
Long story short, Taiwan(Republic of china) used to control the whole landscape of China. Untill the Communist Party in China took most parts of china and froces us to make a last stance in Taiwan. And technically speeking the cival war since 1949 never ended since there wasn't any truce armistice singed. We just kind of stop shooting each other.

If a war breaks out in Taiwan. There will be no mobile phones or computers to use since we produce most of them. So the out come will not just if Bitcoin will drop, you might not have the computers,smart phones,GPUs needed to keep the whole block chian working.

Jatiluhung

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I think otherwise. If there is a war in China-Taiwan, then I'm more concerned with the bitcoin price which will drop for a while but then there will be more mass adoption from Chinese and Taiwanese citizens. because saving money in the BANK when a country is at war is the most risky thing and I think it's stupid. because the only way to secure our assets in times of war is to exchange them for bitcoins and store bitcoins safely. so that transactions with bitcoin even make it easier for us to move assets abroad in large quantities. without worrying about being hit by a limit like in a BANK.

nullama

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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.

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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.

It's really not that easy to deal with, because with the big global issues like China and Taiwan the economy will be affected by different complexities, and with the crypto market. I think it won't be too different and it will also be impacted. Might as well suffer a sharp drop and vice versa, I think about how volatile the price of gold has been as global economic upheavals played out.

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Quote from: m2017 on August 03, 2022, 01:08:14 PM

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.

Why did you decide that such a geopolitical scenario must necessarily affect bitcoin? Does Taiwan account for large mining capacities? - No. China completely kicked out all its miners. Let's say that the people of Taiwan have a lot of btc in their hands and they can bring down the price of it due to selling. But why would they do it? I also don’t see any objective reasons for the Chinese to massively sell bitcoin. In general, I am inclined to the version that the conflict between China and Taiwan should not directly affect the price of bitcoin, but I admit the possibility of this due to indirect reasons.

Maybe he just want to show analogy, and even though Bitcoin seems to be ban in China, I still think that the Chinese majority is still holding Bitcoins. The timing though of the attack by Russia against Ukraine is something to think about, we are in a bear market already.

And for hypothetical question, in any case China attacks Taiwan in a full blown bull run will it have a drastic impact on the price?

hatshepsut93

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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.

Yogee

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The global economy will be affected as usual if there will be another conflict like what happened and still happening to Russia-Ukraine. It's hard to quantify the impact of multiple sanctions that will be imposed by Western countries and China's retaliation until it actually happens. Those who think bitcoin will not be affected after that may have to think again.

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I think impact won't that be much.

I'm thinking about not just the war but as well as the start of the pandemic for which brought no impact to bitcoin but instead, the opposite positive it has brought.

I don't wish these to go further, the events such as pandemics, war and any other global issue. But IMO, sometimes btc is going along with the other traditional markets based on sentiments.

Fortify

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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 it's anything like the initial shock we faced at the start of Covid, then it's quite possible that there will be a massive sell off as the world enters some rather dangerous and unstable times. China is already facing various economic problems right now, so a distracting war would be rather useful in galvanizing support for the CCP but there is a strong possibility it would spiral out of control into unknown territory. Beyond the effects on Bitcoin, it would likely be devastating for the world because Taiwan produces a heck of a lot of microchips which go into all sorts of electronics (including vast mining rigs) and any damage to those factories could set the world back decades in development.

Doan9269

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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.

With what i know and how i got to understand the scenario of the ongoing war in Russia and Ukraine with its consequences i think it has much effect on the Fiat economy causing inflation but i don't think it has anything to do with bitcoin price determination, bitcoin works in volatility with demand and supply while the ongoing war with respect to btc should only reflect on the affected countries which is Russia and Ukraine.

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There will be little to no effect, although I doubt that the Chinese will launch an all-out attack on Taiwan given that it houses one of the most important companies in today's age: TSMC. Should the Chinese attack Taiwan, the latter's allies would surely be backing them up, though not to the point of directly intervening what's going on in the said country as that would surely result to a global war. The Chinese are just showing their muscles against 'their territory' because they know Taiwan can't fight back, and that the US and its allies will not do anything rash even.

bakasabo

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Are cryptocurrency banned in China? I have completely missed latest news about that, but I always remember that China was banning and allowing crypto all the time.

If China attack Taiwan, a lot of new money will flood cryptocurrency market, as people would try to save their money from being frozen. Which means Bitcoin price grows up, because holders will try to sell Bitcoin as expensive as possible imo.

mk4

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Quote from: m2017 on August 03, 2022, 01:08:14 PM

Why did you decide that such a geopolitical scenario must necessarily affect bitcoin? Does Taiwan account for large mining capacities? - No. China completely kicked out all its miners. Let's say that the people of Taiwan have a lot of btc in their hands and they can bring down the price of it due to selling. But why would they do it? I also don’t see any objective reasons for the Chinese to massively sell bitcoin. In general, I am inclined to the version that the conflict between China and Taiwan should not directly affect the price of bitcoin, but I admit the possibility of this due to indirect reasons.

Taking note that we're talking about price here:

Macroeconomic stuff usually affects both bitcoin and the stock markets because events like the one mentioned gives the market in general a good amount of uncertainty; and investors in general don't want uncertainty(hence we see drawdowns a good amount of times).

Whatever that can affect bitcoin's price doesn't necessarily need to be directly related(e.g. mining, etc).

m2017

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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.

Why did you decide that such a geopolitical scenario must necessarily affect bitcoin? Does Taiwan account for large mining capacities? - No. China completely kicked out all its miners. Let's say that the people of Taiwan have a lot of btc in their hands and they can bring down the price of it due to selling. But why would they do it? I also don’t see any objective reasons for the Chinese to massively sell bitcoin. In general, I am inclined to the version that the conflict between China and Taiwan should not directly affect the price of bitcoin, but I admit the possibility of this due to indirect reasons.

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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.

It is true that bitcoin declined slightly prior to the Russo-Ukrainian conflict, but this decline continued and fell sharply as the Russo-Ukrainian conflict escalated, and traders have identified that a new source of dispute between China and Taiwan will affect the bitcoin price.
and currently the bitcoin price is very difficult to rise even if it goes up a little it won't take long to go back down, and I think the China-Taiwan conflict will make it even more difficult for bitcoin to go up. And Crypto, like most financial markets, is very vulnerable to geopolitical tensions and I don't care about Shiba.

mk4

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I'm currently out of the loop concerning the China-Taiwan-US thing because I'm on a vacation, but if you want to have an idea(no guarantees, obviously) on how BTC will move, probably take a look at S&P500 and Dow Jones futures indices. With macro stuff, bitcoin mostly moves with the US stock market.

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

As Taiwan is a China Territory.

Wrong information! China claims that Taiwan is their territory but it is indeed an independent country.

Quote

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 China attacks Taiwan, I think bitcoin's price will be positively impacted. China can take same measures they took with Hongkong residents and w3 have seen people converting their wealth into bitcoin to safeguard from bank account freeze. The demand for bitcoin should increase as well as the price if another war happens!

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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.

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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.

jackg

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I thought bitcoin started dropping in October and Russia started invading Ukraine at the end of February? How have you made that conclusion?

If the US stock market and bitcoin continue to correlate then what happens to both with depend on whether the US gets involved or not, if the US does (as may be likely if they think it's possible to stymy an invasion) then both might drop due to the added turmoil. 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.

Amicable55

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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.

Topic: What will happen to BTC if China attack on Taiwan? (Read 692 times)