Topic: Why bitcoin is going up during war? - page 2. (Read 788 times)
Nowadays, many donations to Ukraine are made of cryptocurrency donations through wallet addresses. Ukraine and Russia are world events, which can increase the exposure of cryptocurrency, and Russia’s economy is being suppressed and attacked. Cryptocurrency is undoubtedly the best store of value.
Is there a possibility that Americans are also buying, because the war realizes Bitcoin’s hedging characteristics, it will become a world currency, and it will be hoarding goods in advance. In addition, maintain the US dollar’s world status as long as possible, and strive for low prices Time to buy bitcoin.
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?
In the early days of the war, Bitcoin did fall very fast, but the next day I found that it was rising. The most obvious reason was that the Russians bought it. NATO and many other major powers believed that Russia should stop the war and made a series of actions to them. The blocking measures have led Russia to only buy cryptocurrencies to avoid risks. 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?
Bitcoin is a currency that is more convenient than other funds. But this is also a test for cryptocurrencies. The price of cryptocurrencies is not rising very fast. More and more people can pay attention to cryptocurrencies. Bitcoin usage is on the rise right now.
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. 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?
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?
Many people are being banned from transferring money across Russian borders thru conventional banks,
also many people in Russia are buying up crypto as a hedge against the falling ruble.
If you transfer your ruble to a crypto like tether or USD, and the ruble drops 30% in a day like it recently did,
you preserved your monetary capital and buying power for a later date.
Crypto transfers, so far have not been sanctioned.
It's very hard to follow bitcoin's price because you've seen for yourself what the experts say hasn't come true. That's because no one can predict with certainty where bitcoin will move. Maybe they can say that their predictions are accurate but don't forget that the market will always surprise us and make those predictions wrong.
I just think that there is a possibility that the price of bitcoin is going up at the moment because of the many gates of donations in the form of crypto that make people buy crypto and then send it to the victims of war. Or it could be for other reasons that we will never know and can only guess at.
I just think that there is a possibility that the price of bitcoin is going up at the moment because of the many gates of donations in the form of crypto that make people buy crypto and then send it to the victims of war. Or it could be for other reasons that we will never know and can only guess at.
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?
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?
This is the kind of OP whose answer is in his concerns, it's like the guy who crashes ignoring the stop signal, although you see it, you don't interpret it.
Do not ignore what you read, interpret the information, e.g. it you mention in your context; Bitcoin pundits are only as accurate as the coin launch is, hope you get the point.
We must learn to measure the values imprecises that surround bitcoin and properly guide them to our investment needs or established plan, then based on that make your decisions.
Bitcoin is a unique investment, no matter what conditions it can go up or down, decentralization works effectively so that it makes good hope in the future, when the pandemic and many types of investments are losing money and even dying, bitcoin has skyrocketed up to 200% more and now russia is invading ukraine and the market continues to move positively.
So called experts even a single person can predict/claim anything about bitcoin but its upto you, whether you’ll believe them or not! i think you shouldn’t cause most of them failed to predict and that's also proved, bitcoin is unpredictable. don't take decisions based on their statement
Moreover, suppose If russia & Ukranians stop using bitcoin, then what will happen? Nothing cause whole world is using bitcoin. So i don’t think this war could highly influence bitcoin price but due to Russia & Ukranians can't use fiat properly , meanwhile they might be start using bitcoin heavily, that could be a reason for behind bitcoin raise up but i don't want to consider this as main reason
People should really be that careful on believing on something because it would affect their mindset and impression which might cause on bad decisions towards their trades.Moreover, suppose If russia & Ukranians stop using bitcoin, then what will happen? Nothing cause whole world is using bitcoin. So i don’t think this war could highly influence bitcoin price but due to Russia & Ukranians can't use fiat properly , meanwhile they might be start using bitcoin heavily, that could be a reason for behind bitcoin raise up but i don't want to consider this as main reason
Just like on most people been saying that bitcoin or crypto prices as general isn't really that anytime affected with events like this neither on having war or sanctions or
bans or something in related.Everything is random and this is how you should bare it up on your mind.
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 called experts even a single person can predict/claim anything about bitcoin but its upto you, whether you’ll believe them or not! i think you shouldn’t cause most of them failed to predict and that's also proved, bitcoin is unpredictable. don't take decisions based on their statement
Moreover, suppose If russia & Ukranians stop using bitcoin, then what will happen? Nothing cause whole world is using bitcoin. So i don’t think this war could highly influence bitcoin price but due to Russia & Ukranians can't use fiat properly , meanwhile they might be start using bitcoin heavily, that could be a reason for behind bitcoin raise up but i don't want to consider this as main reason
People should really be that careful on believing on something because it would affect their mindset and impression which might cause on bad decisions towards their trades.Moreover, suppose If russia & Ukranians stop using bitcoin, then what will happen? Nothing cause whole world is using bitcoin. So i don’t think this war could highly influence bitcoin price but due to Russia & Ukranians can't use fiat properly , meanwhile they might be start using bitcoin heavily, that could be a reason for behind bitcoin raise up but i don't want to consider this as main reason
Just like on most people been saying that bitcoin or crypto prices as general isn't really that anytime affected with events like this neither on having war or sanctions or
bans or something in related.Everything is random and this is how you should bare it up on your mind.
So called experts even a single person can predict/claim anything about bitcoin but its upto you, whether you’ll believe them or not! i think you shouldn’t cause most of them failed to predict and that's also proved, bitcoin is unpredictable. don't take decisions based on their statement
Moreover, suppose If russia & Ukranians stop using bitcoin, then what will happen? Nothing cause whole world is using bitcoin. So i don’t think this war could highly influence bitcoin price but due to Russia & Ukranians can't use fiat properly , meanwhile they might be start using bitcoin heavily, that could be a reason for behind bitcoin raise up but i don't want to consider this as main reason
Moreover, suppose If russia & Ukranians stop using bitcoin, then what will happen? Nothing cause whole world is using bitcoin. So i don’t think this war could highly influence bitcoin price but due to Russia & Ukranians can't use fiat properly , meanwhile they might be start using bitcoin heavily, that could be a reason for behind bitcoin raise up but i don't want to consider this as main reason
OP, it's actually a bit difficult to know how bitcoin is behaving in the market so far because it all depends so much on supply and demand. War is just an excuse for price volatility and should not be 100% the reason why prices can go up or down.
Long term investors only take advantage of the downturn to collect bitcoin while others take advantage of it for the short term. Both ways work well for them, but of course sometimes they also have to wait longer for the price to recover.
Just those presumptions but look at on what happened on Bitcoins price? It do even make out some significant rise up even though not that big or great but at least it is really that gaining.Long term investors only take advantage of the downturn to collect bitcoin while others take advantage of it for the short term. Both ways work well for them, but of course sometimes they also have to wait longer for the price to recover.
It is true that its not a solid thing for you to rely on with these kind of sentiments or news in regarding with your trading analysis.It will still solely be depending on market demand and supply talks
whenever we do mention out about its price movement which it had been unpredictable since from the beginning.
Fiat concepts rarely apply to bitcoin,if so (like mutual crashes for examples) is always for a short period of time,while other types of "currency" are in red,bitcoin is yet ready again for another bull run (in my view) this war,in the crypto context, comes only to show that bitcoin is much better then just a bitcoin gold like people often say.
Are you saying this base on a fact or just assuming? In this time of desperation and rapid devaluation of RUB it is very likely that many Russians are seeking alternatives to preserve their funds.
Lots of them are turning to crypto for safe storage, if you are in doubtful see this - Russians are paying up to $20,000 above market rate to buy Bitcoin
How true can this be? After all, everyone if desired, can buy bitcoin on centralized exchanges at the current rate. Another issue is that people are now afraid to deal with centralized exchanges and turn to speculators, in which case they can overpay as much as they like. There are also services, such as bestchange, through which you can buy bitcoin at the current rate without overpayments. Lots of them are turning to crypto for safe storage, if you are in doubtful see this - Russians are paying up to $20,000 above market rate to buy Bitcoin
OP, it's actually a bit difficult to know how bitcoin is behaving in the market so far because it all depends so much on supply and demand. War is just an excuse for price volatility and should not be 100% the reason why prices can go up or down.
Long term investors only take advantage of the downturn to collect bitcoin while others take advantage of it for the short term. Both ways work well for them, but of course sometimes they also have to wait longer for the price to recover.
Long term investors only take advantage of the downturn to collect bitcoin while others take advantage of it for the short term. Both ways work well for them, but of course sometimes they also have to wait longer for the price to recover.
Perhaps the rise in bitcoin is another manipulation because not many people in Russia buy bitcoins. Here, on the contrary, most have withdrawn fiat from their deposits, some have bought dollars. So far, no one is thinking about cryptocurrency. Perhaps there is a demand for bitcoins because Ukraine is collecting donations in cryptocurrency.
Are you saying this base on a fact or just assuming? In this time of desperation and rapid devaluation of RUB it is very likely that many Russians are seeking alternatives to preserve their funds.
Lots of them are turning to crypto for safe storage, if you are in doubtful see this - Russians are paying up to $20,000 above market rate to buy Bitcoin
Money moves around.
In times of War, Gold, Silver, and now Bitcoin.
If the @litecoinfoundation would act alo LTC could benefit.
Now made safer, all open for Litecoin.
In times of War, Gold, Silver, and now Bitcoin.
If the @litecoinfoundation would act alo LTC could benefit.
Now made safer, all open for Litecoin.
Bitcoin and other crypto assets are currently moving against the stock market amidst the intensifying war in Ukraine and Russia, which is prompting all investors to look for safer assets to secure them and they turn to bitcoin which they think is very safe. And another reason Russia would use bitcoin or crypto is to avoid or minimize the impact of sanctions.
So it is clear that the increase that is happening to bitcoin now and other cryptocurrencies is due to the conflict between Russia and Ukraine to use as any alternative that can help them.
TRUE! It looks like Russian have moved to bitcoin now and other cryptocurrencies. Thus the spike. The buy volumes of Bitcoin with rubles at a high point at the present time. Awful things happening because of countless sanctions applied by US/EU and other member of NATO as all the Russian ruble migration to crypto before their fiat value dives deeper. A lot of dirt will come out. Would it be advisable for us to wait for a week to get real dip? It might be possible if the war keep going long, more volumes! So it is clear that the increase that is happening to bitcoin now and other cryptocurrencies is due to the conflict between Russia and Ukraine to use as any alternative that can help them.
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