Topic: World Economy and war situation and crypto - page 2. (Read 1145 times)

If we talk about the growth of bitcoin in the framework of the war, then I would prefer that there would be no war at all. Personally, I do not see any parallels associated with the military conflict between the United States and Iran due to which oil and gold have risen in price. Bitcoin is being manipulated, which means its growth may mean nothing against the backdrop of a flaring conflict. After all, manipulators can easily raise the price artificially during an increasing tension, in order to create a false impression.

Some analysts say that the recent growth of Bitcoin was due to the incident between the USA and Iran. In parallel with Bitcoin, the price of gold and oil rose. It would be better for the price of Bitcoin to grow on positive news, for example, about the adoption of Bitcoin-ETF, the expansion of outlets where you can pay with cryptocurrency, and so on.

By switching to crypto, I think it will be good for them when the war is over, assets will return when trading has started to normal, and I think crypto will be better than other investments such as property. with war, people will immediately save their property before the situation

Well war has probably been averted because of the us deciding not to retaliate in iran's bombing of its military housings in iraq and btc has quite moved pretty well after that. Even with the possibility of another escalation with iran's admittance of downing a passenger plane, the market remained steadily moving up inch by inch. I guess what it shows is that so far, all these happenings doesn't have that much influence on the market.

There’s an impact since every news the price of crypto is moving so since its a War and not just a simple news people will react on that. Cryptocurrency is very volatile, and the investors are taking that advantage to make
Money and whales really knows what to do. A war can make the fiat money more less in value so cryptocurrency can be the option if ever.

take it easy, it's still too early to start a war !, the price of Bitcoin should not have an impact from this war, somehow the thinking of traders, if the third world war really starts, then what about FIAT? Bitcoin won't be useful without it

War makes precious mines in general across the globe. Bitcoin is perceived by many people as a means of storing value. It becomes even more valuable with easy transfer. Unfortunately the war may raise prices. War is a bad thing.

But if we are going to talk about risk that the Iranian people are facing as of now, investing their money in cryptocurrency or in stocks will not going to change the fact that their lives are in danger, I understand that they want to ensure the safety of their future by converting their fiat to crypto, but my point is that they can't make anything about it if they die, their cryptocurrency will be lost forever with them.

I'm stating about the possibilities that could happen, and also being half negative about what might happen between USA and Iraq.

The forum denied rumors that in Iran the price of bitcoin had risen to $ 24,000. There is information that there over the period of tension between the US and Iran, the demand for bitcoin did not rise at all. At the same time, I did not find Iranians commenting on this. However, I agree that local wars will lead to higher prices for bitcoin and other cryptocurrencies. In the event of a world war, especially with the use of nuclear weapons, cryptocurrency can generally cease to be a means of payment.

If it gets bad enough - or people think it's bad enough. Think of the bank runs usually associated with certain downturns. There were for example reports the BTC prices in Iran increased during the recent tension.

Prices for thinks like stocks and crypto are heavily affected by demand and if people are rushing to get BTC due to fear of their money's value being cut - or worse losing access to their money, then that would drive prices up.

This is true, other things that could affect cryptocurrency's success in the event of a war especially one on a global scale will be the obstruction of technology. As we all know war most often pauses progress and advancements most especially technology. And cryptocurrencies itself relying on technology like the internet most definitely means that cryptocoins might lose their value.

I have seen many bad things happen in middle east in the past 10 years and nobody really cared, nothing much changed, just because USA is going into a war doesn't mean that will change too much neither. Have you see whats going on in Yemen right now? In Iraq? In Syria out of all places, millions of people live out of their nations right now.

Maybe Iran will be added to that list, maybe it won't be, I can't know for sure because this is Donald Trump we are talking about, dude literally has a mentality of a 5 year old and a dementia patient at the same time which is really scary if you consider dude is the president of USA right now and there are still a lot of people supporting him when everyone should be asking him to be removed.

However, even if Iran becomes a war ridden nation in few years, I doubt bitcoin will get affected that not much, Iran wasn't a big crypto country anyway so I doubt nothing will change much.

It's not the worst, we've seen worse situations in the world economy but it isn't good, that is for sure.
Unft, there are always countries in the world where war is going on and therefor they can't recover their economies for decades.
If you refer to.Iran US relations I hope we are still far from war because that might have consequences for whole world.
Im situation like that, cryptocurrencies might be solution and help for individuals but they can't help whole countries.

It certainly has a lot to do with crypto as well as gold. when the war happened, everyone would want to keep their possessions in the best place and can retain the value of the money they make. Currently, bitcoin can do that, so you can see the price of bitcoin soared when Trump launched a rocket into Iran. This will continue for economic crises or a number of other political factors.

I try to see from the perspective of conspiracy theories and national interests of each country in understanding the dynamics of geopolitics, geo-strategy, and geo-economy in the Middle East.

American First Policy and Trump's background as an entrepreneur are key to understanding US policy in the Middle East. Starting with Trump's decision to withdraw his troops from Syria in October 2018 and leaving his allies Kurdish and Israeli militias is a very favorable action for Syria, Iran, Russia, and Turkey. Political constellation in the Middle East changed Israel finally compromised with Russia to fight Iran, Turkey outwitted Russia and the US, and Syria supported Kurdish to fight Turkey.

Only a superior country can survive and guarantee its survival. The choice can be with a military war that will cost very large or by passively and take advantage of tensions between the Middle Eastern countries. The economic embargo will be chosen by America as the most rational reason for protecting American national interests (the certainty of the supply of crude oil to American industry in the future).

Tensions in the Middle East will not have a significant impact on the world economy due to the complexity of the interests of many countries in it. Trump needs a middle east country to hit the dominance of the Chinese economy. It will also doesn't have a significant impact on Bitcoin and another cryptocurrency.

but in my opinion economic events have an influence on cryptocurrency, when the war occurs, of course many people will switch to invest their assets, I think property is no longer attractive, gold is also possible, but there is still control from the government, and crypto will certainly get a share, because it is felt that there is no interference from the government, as long as there is internet network

I am strongly agree with you my friend. I hope that the war will not happen because many people will be affected and also many things will be affected to most especially the economical status. At the other hand the crypto currency will more rise its value if and only if the people will use crypt world as a virtual bank to save their money and that is the good side.

If the war happens the market will have a huge crash because of the panic that will happen from the investors and traders. Everything will start to fall as the people become afraid of the possible outcome. Cryptocurrency on the other hand will have a pump because people will be putting their money into it as they know that cryptocurrency is cannot be influenced by the economic events.

The world economy is at its worst, not only America. Almost each and every growing country has been experiencing a big economic downfall. War situation make the economic conditions go even worse. The same impact will get reflected over the market, but this won't be big crash or big pumping.

I think the war is already underway but it is not a war as usual, they are the big traders doing price wars to be able to control and control the movements of the world economy, so don't be surprised if a war will only make the price of cryptocurrency increase it could happen.