Why bitcoin is going up during war? | Bitcointalksearch.org

Kasabus

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I always believe in another surprise from bitcoin and it will surely come soon. You can continue to be patient while accumulating more bitcoins or you can sell them now that it is your choice. After the war is over, maybe it's time for bitcoin to surprise us and who knows, it will mean the price will start rising higher and return to our big profits. I think this March there will be a miracle from bitcoin for us but before that, there might be another surprise factor, so just wait ;D3

We cannot really say that and to expect that there will be some miracle to happen this month of March just like you stated, I mean yes it would definitely be a great news if indeed that will happen this month but we are just limited to do some speculations and no matter how hard we try, we cannot really predict what is ahead of us.
In this times of war, we need to be more cautious and watch the price closely if we intend on selling our assets these days because the market is too unpredictable as many people in the midst of war are converting their assets in cryptocurrency and others are converting their crypto assets into some local fiats because they need more cash on hand.

dark1234

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war has indeed occurred and has had a significant impact on the market because in fact Russia and Ukraine are one of the holders of crypto assets so that there is panic among holders and traders, which makes the market go down.
And now those affected by the war have a solution to use crypto as a tool to store wealth and buy necessities of life at a time when money is no longer meaningful even supporters and civil humanitarian defenders make donations and funding using crypto because it is more efficient and fast, panic holders and traders are not like when there were news of wars and wars happening on both sides maybe this was one of the causes

Falconer

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Quote from: mindrust on March 04, 2022, 11:17:12 AM

Because bitcoin is a risk-off asset. Investors are simply buying bitcoin to protect themselves from the government. Look around you, governments are freezing assets of their citizens. Look at Canada, if you refuse to get vaccinated they will freeze your bank accounts. Look at Russia, you can't even buy a cup of coffee now if you only have VISA/Mastercard cards. Crypto solves these problems and people are now realizing it.

In some cases, I think bitcoin has solved some of the things that previously fiat users might not be able to do such as having their own bank with bitcoin, set their own transaction fees, and being free to send money in bitcoin wherever and whenever they want without a centralized intermediary.

I just think that bitcoin hasn't solved all the problems we wanted especially if its use as legal tender is still banned by the government in some countries. Bitcoin is not fully legalized to be used as a currency but we can use it as an investment and trading asset as well as a safe store of value asset. Volatility is a common problem even without the effects of war. During 2021 we received high hype from institutional investors so high demand caused prices to hit ATH. Rising bitcoin price is not about war but people still want to buy and invest in bitcoin for long term profit.

mindrust

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Quote from: coinmanhere on March 01, 2022, 09:33:43 AM

Ok first of all I have really given up on trying to understand bitcoin behaviour, I remember so called experts said that bitcoin will touch 100k by the end of 2021 and we all know how much accurate that prediction comes out to be, then there is El Salvador we thought it will touch sky after El Salvador made it legal tender but it crashed.

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?

Because bitcoin is a risk-off asset. Investors are simply buying bitcoin to protect themselves from the government. Look around you, governments are freezing assets of their citizens. Look at Canada, if you refuse to get vaccinated they will freeze your bank accounts. Look at Russia, you can't even buy a cup of coffee now if you only have VISA/Mastercard cards. Crypto solves these problems and people are now realizing it.

iamsheikhadil

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Well, the prices can pump, but we don't really see a bull ruk do we? But still, there's a slight upwards movement, causes are most likely because of the Russia-Ukraine war and the government of Ukraine accepting donations through bitcoin and its pro-stances for the crypto world, and when most influential countries, like US and Europe support Ukraine, which is supporting crypto, the ripple effect surely shines on the price! Wink

lenovop-70

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I think people now are find solution how they can keep his money safe in times of war like this, and Bitcoin is one of the practical answers to this, which is why so many people are buying at the end of the day and making the price goes up.
Bitcoin's practicality and security come first, and measurable volatility is another reason that make more people come.

Zilon

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Bitcoindata.science

El salvador adoption wasn't just enough for a price pump we needed more adoption to keep the price rolling up. Lately we have had many other nations subscribing to bitcoin adoption outside El salvador as listed by nullama . The more global adoption the more the price hyke sets in

YOSHIE

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Quote from: coinmanhere on March 01, 2022, 09:33:43 AM

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?

Not Bitcoin uncertain, war uncertain how many years they fought and made peace or independence.

You know Bitcoin goes up or down the first factor that can affect it in the form of orders to buy and sell, that's the key cause in addition to other factors and so on.

Bitcoin is an asset that can be stored or sold and bought in all countries / world and wherever you are, as long as the keys are stored properly in your bag, The Bitcoin war is going up, of course people think that keeping cash is safer in the form of Bitcoin, so it is likely that the demand for Bitcoin will automatically increase.

Common sense, your house is bombed if you save cash your money automatically forfeits, Storing in Bitcoins, while you copy passwords, keys and everything related to exchange sites, even if your device is damaged by war, you can still access it with a new device, if you think, it's no wonder certain countries are at war Bitcoin can rise to the highest level of the current price.

ROSERTY

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During this period, many accounts in Russia were frozen, causing inflation. They would avoid inflation by buying bitcoin, and when demand for it increases, the price goes up as well.

countryfree

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Hasn't anyone noticed that the price of wheat or oil are going up, too?
Almost all prices are going up during a war.

Mehedi72

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Bitcoin doesn’t have direct connection with war. They are different thing by their position But if you want to connect war and bitcoin with one wire, then I've a lame reason! Ukraine received $10M for binance & $5M From dot & large amount of bitcoin from random donators. This matter is already highlighted & known to all. "So Possibly people across the world converting fiat for bitcoin, so that they could donate ukraine easily." but i can't give any assurances on this subject even i will not wonder if bear dump the bitcoin price tomorrow.

Fortify

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Quote from: mk4 on March 01, 2022, 10:19:50 AM

Why are you listening to these so called "experts" in the first place? If I could accurately predict markets, I'd be a billionaire in a nice beach with some blackjack and hookers, not posting on forums and social media.

Quote from: coinmanhere on March 01, 2022, 09:33:43 AM

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?

Could literally be anything. Write these down on a piece of paper and throw a dart at it:

- whales buying
- institutional investors buying
- Russians buying
- Ukranians buying
- aliens buying
- Tupac Shakur buying

I like your style of thinking. There seems to be little logic involved with the price of bitcoin, at least that it predictable or forecastable into the future. At first there was a drop because people fled to the safety of other assets like gold (weird) but now we see a huge resurgence with extra publicity thanks to bitcoin donations going on. Maybe you should detach the direction of bitcoin from current events and consider it just as a multiplier effect to wider market moves.

Eureka_07

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Quote from: coinmanhere on March 01, 2022, 11:23:14 AM

Yeah what I am sort of realised of sudden spike might be because of Ukrainians and who knows Russians too. I had heard that before too that the sudden attitude of Russia was charged towards bitcoin as they started seeing it as alternative to sanctions. And now it might be more true as Russian civilians will be affected by it more so they might come running at crypto. But who knows just few minutes after this post there might be a flash crash. And by the way it is already going down.

As other members already said, there are various reason why bitcoin has risen up during this war between Russia and Ukraine. Most probably the best reason is that, those people who are affected by the war converted their money into bitcoin,or for other instance, on altcoins.
However, we do not have a solid proof that it was the cause.
Maybe it is just all coincidence, like what other members are also thinking.

Leviathan.007

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In order to know the reason for the increase of the price we should seek for the reason of increase of the demand for bitcoin in all over the world and in my own idea the reason of it is totally clear since the ar started Russia is facing with economic sanctions, they need bitcoin as a way for bypass the sanctions and ofcurse, in this case, they will need to buy some bitcoins in the other hands Unkrinia people are buying bitcoin to easily migrate to another country and keep their funds safe from the war.

Cryptmuster

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The beginning of the russian invasion of ukraine the price of bitcoin experienced a decline in the market but slowly the bitcoin price has returned to strength now, the number of whales who take advantage of the price decline to make purchases a few days ago is one of the reasons for the increase in bitcoin prices, in my opinion the trust of investors in bitcoin is still very high, especially in the worst conditions when the war broke out in ukraine the price of bitcoin was able to stay at the level of $30 thousand and that was a good sign for investors to invest, I think the ability of bitcoin prices to survive in conditions of war and the current pandemic adds to investor confidence if bitcoin is an investment appropriate in every situation.

In fact, in such difficult times, many people try to save their money, and in conditions when inflation is high and the exchange rate of foreign currencies is growing strongly, cryptocurrency becomes a lifeline for many people. At the beginning of the invasion, вitcoin should have reacted, but now it is logical that it is growing and I think that we will not see a strong fall.

Woodie

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I must admit the Russia-Ukraine war is not limited to the two countries only but the world at large too... And knowing that the effects of war can render a currency useless, its only safe to invest in one that has no boarders for example bitcoin which could be the reason for its surge in price as Russians, Ukrainians and everyone is investing in a timeless asset to protect what they have left before being hit by the post effects of war.

so98nn

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Quote from: mk4 on March 01, 2022, 10:19:50 AM

Why are you listening to these so called "experts" in the first place? If I could accurately predict markets, I'd be a billionaire in a nice beach with some blackjack and hookers, not posting on forums and social media.

Quote from: coinmanhere on March 01, 2022, 09:33:43 AM

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?

Could literally be anything. Write these down on a piece of paper and throw a dart at it:

- whales buying
- institutional investors buying
- Russians buying
- Ukranians buying
- aliens buying
- Tupac Shakur buying

Most probably some of them surely knows the war is sooner or later gonna over on good terms and bitcoin will bounce back heavily. I'm just thinking to do the same but as usual I'm so freaking broke, that whatever I earn on the forum like from artworks, campaigns etc is going into my savings and future aspects. I mean I know it's gonna bounce back but I need it anyways.

So whoever is buying right now, are perfectly safe and has great profits pre booked for example!

Moreover, politicians could be behind the scenes. You will see a documentary on this after few years, the conspiracy of Russ-Ukra war and bitcoin behind it. Lolz.

Rufsilf

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These so called experts are the self-proclaimed ones just because they have a degree or background of economics, macroeconomics or whatsoever they call it, but they cannot deny the fact that they're only limited into forecasting prices and cannot exactly predict the price or what would happen in the near future.

These days, bitcoin and other leading cryptocurrencies are hiking due to the ongoing invasion and war between Russia and Ukraine. Those people who own large assets starts to convert their funds to cryptocurrency to free themselves from the deflation of fiats. Crypto may be risky because of its volatility but these people ain't have a choice because cryptocurrency are the easiest and the most convenient way to carry your assets instead of gold.

KaliLinux

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Quote from: oudomopo on March 02, 2022, 09:20:09 PM

Maybe it is to help supply the Ukrainians with everything including crypto. 2nd reason is because other people are giving Ukrainians bitcoin so they can go buy some weapons and the reason why this is because people can afford more weapons and have extra money. If bitcoin did not go up, then their weapons would be a bit less.

So clearly you are saying the sudden increase in the Bitcoin price is clear manipulation. We understand that the price dropped which most believe was an emotional reaction mainly from wall street traders which we know are now treating Bitcoin investment like other financial instruments however I believe that they realized that Bitcoin is not what they thought and hence we see a price reversal unlike what is happening to Russian Ruble which is a clear sign of Impact from the consequences of the war.

Pamadar

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Quote from: Ozero on March 03, 2022, 01:56:07 AM

Quote from: oudomopo on March 02, 2022, 09:20:09 PM

Maybe it is to help supply the Ukrainians with everything including crypto. 2nd reason is because other people are giving Ukrainians bitcoin so they can go buy some weapons and the reason why this is because people can afford more weapons and have extra money. If bitcoin did not go up, then their weapons would be a bit less.

Of course not. Bitcoin is rising in price not because of this. Although the open military aggression of Russia against Ukraine now has a very large international resonance, so far this is only a regional conflict, and the price of bitcoin depends little on regional conflicts. Bitcoin fell in price on the eve of the Russian invasion of Ukraine and on the first day of such an invasion. The panic passes and the cryptocurrency market recovers. Now it makes sense for Russian citizens to transfer their savings into cryptocurrency, as their ruble is rapidly depreciating. Therefore, the demand for bitcoin and other cryptocurrencies may grow.

There are traders who use a situation like this to play inside the market.

Still the law of supply and demand but some tricks coming from bag holders who can create fud and artificial movement,
it's wise not to believe unless you are practicing this strategy.

It's on your take if you can take advantage of following the sentiment and have a quick ride to gain decent benefits.

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