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Economy => Economics => Topic started by: jonathan6655321 on January 04, 2020, 02:54:17 PM



Title: How the situation in Iran might impact Bitcoin
Post by: jonathan6655321 on January 04, 2020, 02:54:17 PM
I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Deathwing on January 04, 2020, 02:56:35 PM
You might want to move this thread to Economics (Speculation) (https://bitcointalk.org/index.php?board=57.0) as... well, everything that's said or going to be said in here are just pure speculation.


My thoughts? Nothing.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: jonathan6655321 on January 04, 2020, 02:59:39 PM
You might want to move this thread to Economics (Speculation) (https://bitcointalk.org/index.php?board=57.0) as... well, everything that's said or going to be said in here are just pure speculation.


My thoughts? Nothing.

Is it possible to move this thread? or I need to delete and repost it?


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Deathwing on January 04, 2020, 03:00:39 PM
You might want to move this thread to Economics (Speculation) (https://bitcointalk.org/index.php?board=57.0) as... well, everything that's said or going to be said in here are just pure speculation.


My thoughts? Nothing.

Is it possible to move this thread? or I need to delete and repost it?

You can move the thread. Just look for the "move topic" button on the bottom left.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Jawhead999 on January 04, 2020, 03:02:26 PM
You might want to move this thread to Economics (Speculation) (https://bitcointalk.org/index.php?board=57.0) as... well, everything that's said or going to be said in here are just pure speculation.

I agree with you, this is not the pure speculation because in this case AS and Iran had not yet begin the war. But, i don't want it realize
My speculation is bitcoin and other cryptocurrency is not have relation about the war. It's will make the economyc and oil will ruined.
Cryptocurrency have their own market, so this will make cryptocurrency will safe.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: electronicash on January 04, 2020, 03:21:06 PM

price has already affect BTC on the localbitcoins in Iran, it was posted by some user in similar thread which the price reaches up to $29K. it didn't affect the whole market though. a war seem overblown though, its not like Iran will blast US but then there is a probability that Iran will be invaded as US usually do it. hope not. Iran doesn't have a local section but if there is it would be a hot big thread here in bticointalk.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Twentyonepaylots on January 04, 2020, 04:05:47 PM

price has already affect BTC on the localbitcoins in Iran, it was posted by some user in similar thread which the price reaches up to $29K. it didn't affect the whole market though. a war seem overblown though, its not like Iran will blast US but then there is a probability that Iran will be invaded as US usually do it. hope not. Iran doesn't have a local section but if there is it would be a hot big thread here in bticointalk.
I believe so, there could be some downfall in the price if ever war breaks out. And if this conflict rise up to the global scale, bitcoin's value could depreciate heavily as wars and conflicts greatly obstructs technological advance, which means internet, the heart of bitcoin could be at risk. This inevitably  could lead to huge losses by investors and common people alike. Let's hope for the best.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Oceat on January 04, 2020, 04:06:17 PM
I still have a doubt if it would completely affect the whole Bitcoin market although there's a sudden changes recently yet it's not that strong. I think this hot topic of a war going on between with these two nations might really affect the cryptocurrency market because we know what is the US are capable of.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: gentlemand on January 04, 2020, 04:10:18 PM
Before people quote the 29 grand bitcoin price let us reflect on the fact that in many places with shaky money there's an official exchange rate to the dollar and then there's the REAL one which is often several times less.

Not sure what the deal is in Iran with that but I'll bet that's a factor and possible instant debunk.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: johant123 on January 04, 2020, 04:14:46 PM
I still have a doubt if it would completely affect the whole Bitcoin market although there's a sudden changes recently yet it's not that strong. I think this hot topic of a war going on between with these two nations might really affect the cryptocurrency market because we know what is the US are capable of.

Would people flee into crypto currencies (at least the major ones) as a safe haven? Or get out of them, because they would expect prices to fall when the economy slows down? I could imagine that people move more to savings accounts, despite the 0% interest.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Febo on January 04, 2020, 04:20:52 PM
How the situation in Iran might impact Bitcoin

I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.


Current situation not much but if Iran answer provocations. They most likely will not since are provocated for over a year. Then uncertainty will increase a lot and in uncertain times Bitcoin price will grow drastically.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: darkangel11 on January 04, 2020, 05:13:42 PM
Ithe crypto market in Iran is so small that it could affect the price but it won't be much. How many Iranians will buy BTC? Let's be generous and say 20%. How much of their total wealth will it be? For most people less than 10% would be my guess? So how many Bitcoins are we really talking about? 2000? That last Chinese ponzi scheme was liquidating 5k every day and even that couldn't bring us down to retest the monthly low. MONTHLY low. So what can you expect from Iran? Best case a retest of monthly high of 7800 USD. That's pretty much it.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: The Sceptical Chymist on January 04, 2020, 05:42:22 PM
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.
Not everyone and not necessarily.  Sometimes during times of war, investors start buying up defense stocks and related ones.

In any case, I'm not even up to speed on what's going on in Iran at the moment and I only heard about Trump ordering a hit on someone over there by reading a thread on bitcointalk.  That's sad--I've got to pull up a news site after I write this post.  But as far as bitcoin is concerned, I don't think war is going to affect its price all that much unless it's an all-out world war, and I don't think that's going to happen because of a situation with Iran.  It's not like the US and Iran have ever been that friendly, and we almost attacked Syria a few years ago under the Obama administration.  That was after bitcoin was created and it didn't seem to have much of an effect.

But we'll see.  And I'm hoping Trump doesn't do anything even more stupid before he gets kicked out of office.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Blackdeath on January 04, 2020, 05:43:38 PM
I think the impact that iran may have on bitcoin is it could make it increase it's price just a little bit because people in iran might store their money in bitcoin just to save it until the battle between US government and Iran was finished. There are also some issues that not only bitcoin will increase it's price maybe some other cryptocurrency will have a sudden improvement to it's price due to Iran.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: IntuitiveCoins on January 04, 2020, 05:54:18 PM
Wat can cause many in the public to take their money out of fiat, but of course I rather the price drop than for there to be any war. Don't want to be like D!ck Cheney Halliburton.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: senne on January 04, 2020, 05:58:17 PM
Major commodities and some major indexes went red after the attack. But I doubt Bitcoin will have any major effect. The reason being the size of the market. Market cap is nothing as compared to other commodities and assets. Thus the effect, if any, won't be any pronounce.
I doubt crypto community has anything to worry about. Also, if people start taking out their investments, then that would also effect cryptos. But I highly doubt a possibility of war.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: AniviaBtc on January 04, 2020, 08:18:20 PM
Major commodities and some major indexes went red after the attack. But I doubt Bitcoin will have any major effect. The reason being the size of the market. Market cap is nothing as compared to other commodities and assets. Thus the effect, if any, won't be any pronounce.
I doubt crypto community has anything to worry about. Also, if people start taking out their investments, then that would also effect cryptos. But I highly doubt a possibility of war.

I think maybe the event that make a possible world war 3 will also help the bitcoin. Because maybe they can use bitcoin to buy arms and guns, bombs and anything that can be a massive weapon in war. The production of weapons will increase and faster because of an easy transactions in bitcoin. So that the market will become more susceptible to increase the demand and many will invest.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: figmentofmyass on January 04, 2020, 08:49:33 PM
price has already affect BTC on the localbitcoins in Iran, it was posted by some user in similar thread which the price reaches up to $29K.

maybe a few coins were exchanged at those prices, but by and large that story was fake. the $24k number was derived from the iranian central bank exchange rate for USD which is totally suppressed. real BTC prices in iran are apparently in line with the rest of the world:

according to this report, (https://cointelegraph.com/news/bitcoin-selling-for-24-000-per-btc-in-iran-as-us-tensions-escalate) these claims about skyrocketing price are bogus too. they are based on the central bank's official USD exchange rate, which is inflating the BTC/USD exchange rate. spot prices in iran apparently actually reflect the global market:

Quote
“It’s only possible for few businesses and government with special procedure to get that rate,” explained a crypto expert Ali Beikverdi.

“The official rate is what the central bank says. But literally, no one except some government organizations can get that rate while no one can use it. It’s a joke.”

“So if you wanna buy USD today in Tehran, the price is about 140,000 IRR,” he says.

In other words, while the “official rate” is around 42,000 IRR per 1 USD — which would result in the $24,000 price per Bitcoin — the actual rate in the street would give one something closer to BTC’s actual global market price, currently around $7,300 USD.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: eaglei on January 04, 2020, 08:59:42 PM
In my perspective  keeping money in the cryptocurrency space is the best option because it is not control by the affected country economy.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: pixie85 on January 04, 2020, 09:36:29 PM
In my perspective  keeping money in the cryptocurrency space is the best option because it is not control by the affected country economy.

But it's affected by other things like governments and their bans. It's also affected by private companies that invest in the space. If Bitmain goes bankrupt you can expect a huge ripple wave to go through all crypto markets.

There's still nothing in this world that will never lose value apart from priceless things like human life, happiness and all that.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: FlightyPouch on January 04, 2020, 09:55:54 PM
To be honest, I don't know. I never been in a time where war is happening. I just wish that we are unaffected by this war. Crypto currencies might be affected but as long as I am getting profits out of it, I am good.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: veleten on January 04, 2020, 10:55:48 PM
so many topics popped out in regards to the recent news in Iraq and Iran
people even go as far as to claim that the price increase from 7000 to 7300$ was because of this , which is , probably , not the case
in Iran they added to the discussion saying that bitcoin is used to assist illegal capital flight from the country , and many billions were converted into crypto and
sent away from the country this way : https://news.bitcoin.com/billion-iran-purchase-cryptocurrencies/
I suspect they are exaggerating the problem , but some say the price has grown two folds in a matter of days in Iran
so it did impact the crypto , the uncertainty makes people want to find safe ways to store their wealth and bitcoin as much as volatile it is seems like a good option


Title: Re: How the situation in Iran might impact Bitcoin
Post by: smyslov on January 05, 2020, 01:44:02 AM
I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.

The scenario in Iran could explode there could be a second wave of attack, if that happens those in Iran who knows about Cryptocurrency and Bitcoin could have an option to convert all their wealth to Bitcoin, and make a safe haven in other countries that are Bitcoin friendly, this is something the community is watching and waiting and validating that Bitcoin is a safe haven for a country that is facing this kind of situation.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Wexlike on January 05, 2020, 02:00:06 AM
I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.

The scenario in Iran could explode there could be a second wave of attack, if that happens those in Iran who knows about Cryptocurrency and Bitcoin could have an option to convert all their wealth to Bitcoin, and make a safe haven in other countries that are Bitcoin friendly, this is something the community is watching and waiting and validating that Bitcoin is a safe haven for a country that is facing this kind of situation.

I don't believe there is enough "critical mass" of Bitcoin adoption in Iran to have any meaningful impact on the global price. I assume most Iranians would try to change their money into Euro or Dollar.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: michellee on January 05, 2020, 02:14:41 AM
I think that depends on where the war is happening. If the war only happens to one or two countries and it does not impact all countries, people will not worry, and they will do their activity as usual. They don't care if there is a war, and they buy more stock if they see that the stock can increase. But I don't know what might impact bitcoin related to the situation in Iran because I think that the impact does not happen to many countries. If the war continues and it is happening too with the other countries, then we might see something that will happen later.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Icygreen on January 05, 2020, 02:43:23 AM
Of course there will be some who exit Iranian rial for BTC due to the scare of war however I just don't see this as being a real push in the price. Its more likely a speculative front run/manipulation based on the news.

 What I do think is more relevant for Bitcoin today in Iran is circumnavigating sanctions, just like Russia however Bitcoin is not yet large enough for governments to consider large positions for real world sanction circumnavigation and regulations have not allowed such government spending yet.  Bitcoin is already working really well on a more local community level to avoid sanctions and bank transfer problems. Just wait till everyone sees how its done.  It's coming fast.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: awik p on January 05, 2020, 04:18:02 AM
I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.

The scenario in Iran could explode there could be a second wave of attack, if that happens those in Iran who knows about Cryptocurrency and Bitcoin could have an option to convert all their wealth to Bitcoin, and make a safe haven in other countries that are Bitcoin friendly, this is something the community is watching and waiting and validating that Bitcoin is a safe haven for a country that is facing this kind of situation.

I don't believe there is enough "critical mass" of Bitcoin adoption in Iran to have any meaningful impact on the global price. I assume most Iranians would try to change their money into Euro or Dollar.
but previously Iran had already given a view of cryptocurrency, and reduced dependence on the dollar, especially with the death of their generals, I think it will be a new chapter, the fastest to receive the effect is the price of oil, but not yet visible on bitcoin



Title: Re: How the situation in Iran might impact Bitcoin
Post by: fiulpro on January 05, 2020, 06:01:49 AM
Cryptocurrency is not a stock market , even though it is like that , it still is very similar to currencies therefore what I think is , if the war is here then instead of the governmental institutions the people will go towards the non governmental ones , therefore one should understand that bitcoins does have that slight opportunity to go up very very fast.
Therefore I think bitcoins will go moon ! If a world war is gonna be there.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Mihaylovic on January 05, 2020, 08:17:11 AM
the situation may affect the bitcoin prices in local exchanges in iran just for a while, but i don't think it can affect the overall global bitcoin prices. Because there is no so many crypto adapters in iran. (i am even not sure if there is a local exchange platform there or not.)


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Wysi on January 05, 2020, 09:09:36 AM
It will have limited affect not over all I think there will more and more money which will be converted into bitcoin or crypto from Persian Gulf regions as they are heading towards war and there are possibilities that this time we might see some war kinda situation which will kill the stock market and there would be high inflation throughout person Gulf Peninsula. The only bail out for the investors who have invested into local commodities is switching to crypto. This will impact crypto positively.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: shield132 on January 05, 2020, 10:40:06 AM
Before people quote the 29 grand bitcoin price let us reflect on the fact that in many places with shaky money there's an official exchange rate to the dollar and then there's the REAL one which is often several times less.

Not sure what the deal is in Iran with that but I'll bet that's a factor and possible instant debunk.
There is absolutely the same situation that you described, countries with weak national currency have dual exchange rate: 1. Governmental and 2nd - real one in street. On cointelegraph there was an article published that bitcoin price is 24000 USD in Iran, I got amazed at some point because of so huge difference but situation is different and like you said: Official exchange rate of USD/IRR = 42,025 while unofficial exchange rate (rate among people) is 13830 IRR. It's a huge difference.
So we couldn't say that at the moment any situation that's going in Iran had impact on bitcoin's price, maybe on my heart after reading that I could potentially sell bitcoin up to 24K price.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: luckyflop on January 05, 2020, 10:47:47 AM
According to the information I learned, the war will cause much impact on the global economy, so if WW III happens, the stock market and the cryptocurrency market will be affected. The stock market may collapse, but for the cryptocurrency and gold markets, I think the price will increase dramatically because these two assets are much safer during the war.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Pinkris128 on January 05, 2020, 10:53:54 AM
I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.
People in iran might start to convert their money into bitcoin, and making it their safe haven assets to prevent high risk of loss. So bitcoin would make a sudden improvement to it's price if US government will start a war between Iran that a lot of people would buy bitcoin for million worth of dollars.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: atjiat on January 05, 2020, 11:05:10 AM
I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.

The scenario in Iran could explode there could be a second wave of attack, if that happens those in Iran who knows about Cryptocurrency and Bitcoin could have an option to convert all their wealth to Bitcoin, and make a safe haven in other countries that are Bitcoin friendly, this is something the community is watching and waiting and validating that Bitcoin is a safe haven for a country that is facing this kind of situation.
In any situation, if there is a problem of withdrawing or exporting personal funds from a country where there are huge problems for a person, then cryptocurrency in this regard can be a very good asset in order to maintain its financial condition.  But you also need to take into account the fact that initially you need to have cryptocurrency assets in order to use them in another country, because if someone has fiat funds, then it will be very difficult to immediately buy large amounts of cryptocurrency.  One way or another, in certain countries there is some control over the circulation of funds, and especially in Iran.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Sadlife on January 05, 2020, 11:34:21 AM
Most likely yes, if the war between iran and US occurs, well it most likely started. People might seek for a safe haven in assets like gold, oil and bitcoin. The citizens may already have seen what happened in other neighbouring countries like Afghanistan and Syria where it had an economic collapse due to war, people are just scared and migrating their money in order for them to not go bankrupt.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: daarul50 on January 05, 2020, 12:10:23 PM
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.
Not everyone and not necessarily.  Sometimes during times of war, investors start buying up defense stocks and related ones.

In any case, I'm not even up to speed on what's going on in Iran at the moment and I only heard about Trump ordering a hit on someone over there by reading a thread on bitcointalk.  That's sad--I've got to pull up a news site after I write this post.  But as far as bitcoin is concerned, I don't think war is going to affect its price all that much unless it's an all-out world war, and I don't think that's going to happen because of a situation with Iran.  It's not like the US and Iran have ever been that friendly, and we almost attacked Syria a few years ago under the Obama administration.  That was after bitcoin was created and it didn't seem to have much of an effect.

But we'll see.  And I'm hoping Trump doesn't do anything even more stupid before he gets kicked out of office.
trump has nothing to lose now , he won't get elected in the next presidential election for sure and using his last power to do crazy things with trump style.

here is i quoted from the trump dumb tweet to trigger something crazy :
"We have ... targeted 52 Iranian sites (representing the 52 American hostages taken by Iran many years ago), some at a very high level & important to Iran & the Iranian culture" and "if Iran strikes any Americans, or American assets... Iran itself, WILL BE HIT VERY FAST AND VERY HARD,"

it seems the world war would be kicked-off when trump really do that, and guess what?
all the market will shut down closed for unspecified time.
but for now things did not have any big impact.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: clickerz on January 05, 2020, 12:13:21 PM
I don't think it will have much effect on Cryptocurrency if World War 3 will occur because capital owners will withdraw their assets and will buy gold as a safehaven asset. So the world price of gold will certainly soar, but if big investors choose Bitcoin than gold then it is certain the price of Bitcoin will increase dramatically.

It is already happening in Iran, bitcoin price have soar already, I think from previous news it reaches already to $27,000 per BTC. BTC is a safe haven and option for them since they can buy BTC and go abroad without the risk of being confiscated. BTC is handy and flexible which is a good option for them especially in the situation like this.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: AbuBhakar on January 05, 2020, 12:15:26 PM
Most likely yes, if the war between iran and US occurs, well it most likely started. People might seek for a safe haven in assets like gold, oil and bitcoin. The citizens may already have seen what happened in other neighbouring countries like Afghanistan and Syria where it had an economic collapse due to war, people are just scared and migrating their money in order for them to not go bankrupt.
It's much better to secure for something not controlled by the government than risk in their economy status where may include a lot of problems when it started. Smart investors will really choose bitcoin but some may choose going out of the country. They just need to make sure the security of their Investment, let's hope that war will not start any time soon, but it seems really going there.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Shinpako09 on January 05, 2020, 12:33:38 PM
I don't think so. I don't have any wow reaction when I read that btc price in Iran rose to $29k. It doesn't hype me even in the slightest. Simply because real price worldwide doesn't have such gap. We've got a few hundred of bucks increased but I doubt it is because of situation in Iran. Maybe it is just a normal rise. Iran is still far away compared to other countries that makes impact if there's a news from them. If Iran's situation really have an impact, we could have feeling it right now but look only few got hype that's why the price isn't showing some unexpected increase.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: sovie on January 05, 2020, 12:58:10 PM
I don't think bitcoin will be in any way effected by this war as there are very few places where this currency can be used. Its purely a speculation. Iran is one of the biggest oil producer. Oil prices may fluctuate due to this but no chances of bitcoin. I strongly suggest stay away if any rise in price of bitcoin is seen to avoid any damage.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: 1Referee on January 05, 2020, 01:18:20 PM
I think from previous news it reaches already to $27,000 per BTC. BTC is a safe haven and option for them since they can buy BTC and go abroad without the risk of being confiscated. BTC is handy and flexible which is a good option for them especially in the situation like this.

Fake news yes. Plenty of articles have been updated already but their headlines remain because they obviously don't want to lose any clicks.

Including the slight premium, the price of Bitcoin didn't exceed $7700 in Iran, which is much, much different from the +$20,000 figures news outlets are misleading their readers with. I'm really glad that people in Iran stood up and popped the moon boy bubble quickly by stating the truth. It's quite funny how easily people take news for granted in crypto.  ::)

If you think logically, the situation in Iran doesn't even justify any serious premiums. DYOR.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: darkangel11 on January 05, 2020, 03:51:06 PM
I think from previous news it reaches already to $27,000 per BTC. BTC is a safe haven and option for them since they can buy BTC and go abroad without the risk of being confiscated. BTC is handy and flexible which is a good option for them especially in the situation like this.

Fake news yes. Plenty of articles have been updated already but their headlines remain because they obviously don't want to lose any clicks.

Including the slight premium, the price of Bitcoin didn't exceed $7700 in Iran, which is much, much different from the +$20,000 figures news outlets are misleading their readers with. I'm really glad that people in Iran stood up and popped the moon boy bubble quickly by stating the truth. It's quite funny how easily people take news for granted in crypto.  ::)

If you think logically, the situation in Iran doesn't even justify any serious premiums. DYOR.

It could have been an honest mistake by the person who came up with the news and then people got crazy retweeting it and so it went.
I'm saying honest because not many people know that Iranians have 2 currencies the official Rial and commonly used Toman that equals 10 rials.
Also the price of rial is undergoing crazy changes. For example they changed the value of toman in 2019 even though it's not the official currency. So the government passess bills to decide the value of the currency that they don't even issue anymore.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: abhiseshakana on January 05, 2020, 03:53:43 PM
I have never been in a state of war, only based on the description of my uncle who had served as a peacekeeping force in a conflict area in Nepal, there were no more serious problems in this world than the life and death problems faced on the battlefield.

I hope that war will not occur in Iran, when the country is in a state of war, as citizens we will not worry about our assets, but worry about safety and supply of basic necessities. So the conditions in Iran will not affect the cryptocurrency market.

Many investors have withdrawn their investments from Iran, not only because they are worried about security instability, but also the absence of investment security guarantees from the Government, besides the embargo imposed by the US, influencing other countries' policies towards Iran. There are no eternal friends and foes, only eternal interests.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Landak on January 05, 2020, 04:11:54 PM
I don't think it will have much effect on Cryptocurrency if World War 3 will occur because capital owners will withdraw their assets and will buy gold as a safehaven asset. So the world price of gold will certainly soar, but if big investors choose Bitcoin than gold then it is certain the price of Bitcoin will increase dramatically.
does not seem to have an effect on global cryptocurrency prices, I just checked information on google that 1 bitcoin is worth 313 million Iranian Rial or about 9.4k usd. there is indeed a rise but in fact globally, the price of the btc still has not changed or there is no price movement following the conditions in Iran.
I expect bitcoin to rise but I really don't expect Iran and the U.S to declare war, because the impact of the war will expand globally.
-please don't let World War 3 happen--

by the way, I found 2 different articles about bitcoin prices that happened in Iran.
https://cointelegraph.com/news/bitcoin-selling-for-24-000-per-btc-in-iran-as-us-tensions-escalate
the second news because Misleading Exchange Rate was the Culprit
https://beincrypto.com/no-bitcoin-is-not-selling-for-24000-in-iran/


Title: Re: How the situation in Iran might impact Bitcoin
Post by: uray on January 05, 2020, 05:40:43 PM
I hope that war will not occur in Iran, when the country is in a state of war, as citizens we will not worry about our assets, but worry about safety and supply of basic necessities. So the conditions in Iran will not affect the cryptocurrency market.
By killing an Iran leader the US started the war and the biggest question is how the situation will go because if Iran attacks the US bases in surrounding areas then a full fledged war will be the result, i do not think Iran will sit idle with the actions, but they plan on doing is everyone's guess.

Fake news yes. Plenty of articles have been updated already but their headlines remain because they obviously don't want to lose any clicks.
Plenty of click bait articles surrounding the situation and that is how they make the money when there is headline, they twist and turn everything and the reality they present will be far from the truth.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: alexsandria on January 06, 2020, 09:34:39 AM
I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.

Some people might be doing the same thing. But I don't think Iran were just going to fight back heads on with US. Well, such war may have an indirect effect to crypto space however this could potentially may going to be a huge one if war did happened to start. Nevertheless there would be at least a drive to price changes even a little. Otherwise like shutting down, I don't think that crypto would be ever going to such situation.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Debonaire217 on January 06, 2020, 10:15:34 AM
With the recent news and tension concerning Iran and the US, there is allot of news concerning bitcoin price increase. Though, it is evident in the vicinity of Iran and US, its impact to the world could be experienced from the people outside of the tension that will believe in the possibilities it could give to make the bitcoin's market price to go up high.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: fortunecrypto on January 06, 2020, 10:54:22 AM


My thoughts? Nothing.

That's also my thought, these are not two superpowers colliding, although there is an impact on the price of oil it was broadcast here in our place, this conflict, and news will die down in a few weeks but expect retaliation coming from Iran but not like what US did to them.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: agentx44 on January 06, 2020, 11:48:10 AM
I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.
Even if we are not talking about Iran, we all know that a war would cause detrimental effects to any aspects. In crypto, it might decrease most of the coins value as everyone gets busy on maintaining the peace. People will lose time on their investment and as a result, the value will keep on falling continuously. Some may take the opportunity to buy crypto as its value falls but the risk of dying will increase which makes you unable to use the crypto you bought in a cheap price.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: BigBos on January 06, 2020, 12:35:57 PM
With the recent news and tension concerning Iran and the US, there is allot of news concerning bitcoin price increase. Though, it is evident in the vicinity of Iran and US, its impact to the world could be experienced from the people outside of the tension that will believe in the possibilities it could give to make the bitcoin's market price to go up high.
it's all about transactions. I believe that when a problem like this occurs, the transaction will be difficult to do. people will think of a fast path that can be done to make transactions without difficult conditions. so, I think this will lead to crypto, specifically bitcoin. because of this, I think that a situation like the one between the US and Iran could affect bitcoin.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: luckyflop on January 06, 2020, 01:51:12 PM
I think it does not affect too much of this market and Bitcoin, the War between the US and Iran is causing the price of oil and gold to rise rapidly. The current gold has broken ATH and continues to go up while Bitcoin has only slightly increased. There is clearly no influence on this market, the price has increased only a little because this community's fomo.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: beerlover on January 06, 2020, 02:16:52 PM
Everyone is looking at this like something major is about to happen, nothing will happen, the elections are in November and Trump is trying to unite his followers under his command and manage to get all of them to go out and vote instead of staying at home (even tho republicans are known for going out to vote, Trump is not liked by some of them so they may not vote, specially independents) but with this "war" brewing he may actually get all of them to go out and vote him in so he can continue the war, as soon as he is elected the "war" that will never happen will just go under the rug and everyone will forget, as soon as a democrat is elected they will simply say sorry to Iran and it will be over anyway, so basically this will go on like something will happen until November without anything happening and then stop after election.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: plast555 on January 06, 2020, 02:31:32 PM
Most likely yes, if the war between iran and US occurs, well it most likely started. People might seek for a safe haven in assets like gold, oil and bitcoin. The citizens may already have seen what happened in other neighbouring countries like Afghanistan and Syria where it had an economic collapse due to war, people are just scared and migrating their money in order for them to not go bankrupt.

Of course the tensions are at peak anything can happen now but we cannot assure that war has started. None of the nations like war as it affects the world economy which is already slowed down a lot. On the contrary several markets are at peak despite the slowed down economy several analysts expects correction this tension might fuel those corrections. If war happens obviously all the commodities price will increase especially Gold, Oil, and Bitcoin. Bitcoin would see more upside than others in my opinion because of its advantages over gold and other commodities


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Eclipse26 on January 06, 2020, 02:36:30 PM
I'm still in doubt that war might happen. Although there's already a tension happening between the two country, people of their country don't want war. It's like a war of rich people. They will gonna spend most of their money on weapons and armor. We're already on different era. It's where people are powerful than the government. They are just manipulating things they mainly produced but since crypto isn't what they mainly focused, I don't think it will give much impact as of now.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Debonaire217 on January 06, 2020, 03:11:00 PM
I don't really believe these two or more countries will try out and start the war formally, both have nuclear powers and the united nations will not allow that to happen. Though, with the bitcoin price increase concerning this matter, I think I am in a middle to think if I would be happy or not having war with huge bitcoin price or consistency in bitcoin's price but with peace.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Peashooter on January 06, 2020, 04:52:38 PM
I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.

War is not a great idea to think but of course we have to protect our country in every possible way and that is what i think about U.S and when it comes to iran I guess at this point we dont see anything that might affect us because of the war but what we didn't know is that there would be  some people in iran who has his or her investment here on Bitcoin or even projects and because of the war they have to prioritize themselves and their families'safety which may have a direct impact to those people who supported their lrojects all throughout that because of the war they might have a wait for long or even thing that they might no have the money that they don't invest and of course people in iran longs for long term peace and safety.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: davinchi on January 06, 2020, 05:58:09 PM
This is one of those things where Americans have no clue about how things work and just like to make speculations about. You can make speculations about bitcoin price, hell there is even a section about it but if you are not a soldier and never been to middle east its best if you don't make speculations about war in Iran or any potential other place.

I have been living around those regions all my life and if USA wants to attack a nation that means there has to be some corporations involved that would make some profits from it. USA spent 1 trillion dollars of tax payers money per year they were in war with IRAQ but that returned as billions of dollars of profits to some lockheed like companies, plus votes for republicans. The elections are nearby and as long as impeachment continues and elections pick democrat, that war is literally impossible.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: wheelz1200 on January 07, 2020, 08:36:24 PM
I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.

Honestly I dont think much of anything in the grand scheme of things.  Commodities that are affected in times of disdain will likely move, i.e. oil, but bitcoin wont feel the effects of any conflict unless it turns out to be a huge world wide issue.  If bitcoin goes up then people will like to tie it to some event like this but in reality there are always instances of mere coincidence that happen that get unjustly tied together.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: TastyChillySauce00 on January 07, 2020, 11:06:41 PM
No significant influence by Iran simply because they are not major bitcoin market and the percentage of bitcoin users there quite small. I assume if war breaks they'll simply convert their bitcoin to some fiat that can be used to buy food and to shelter them. In the difficult time like war people don't care about wealth anymore as long they can get food and shelter.

Although some people might say that people in Iran will try to save their wealth by converting it to Bitcoin and some proof is the overly inflated price of bitcoin in Iran but that's not true. Things like that will just happen temporarily because people are panicking.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: iv4n on January 08, 2020, 07:26:50 AM
War is shit, in wars people die, mostly innocent people. Why would we want something like war to impact bitcoin in any way, good or bad? Bitcoin had huge rallies in the past without any wars, without any deaths and destruction, bitcoin doesn't need something bad to happen to keep growing, remember that!
I hope people there will be alright, it's all I have to say about the situation in Iran! We all know who is doing that and why, politicians are the worst kind of people, it's the reason why we need to choose crypto system over idiotic governments and their banks and weapon factories!


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Colt81 on January 08, 2020, 09:55:41 AM
I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.
Bitcoin might increase it's price if the war in Iran will happen because gold and oil has also increased, so automatically a lot of wealthy or rich people will store their funds in bitcoin as their safe asset. But i still fear the war between Iran and US because even it will have an effect on bitcoin's price, a lot of people will die.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Mometaskers on January 08, 2020, 10:06:50 AM
If dollar prices fall, then the conversion might change. Worst case scenario, people from both countries would start buying cryptos in the event that a war devastates their economies and try to leave and maybe just encash elsewhere.

price has already affect BTC on the localbitcoins in Iran, it was posted by some user in similar thread which the price reaches up to $29K. it didn't affect the whole market though. a war seem overblown though, its not like Iran will blast US but then there is a probability that Iran will be invaded as US usually do it. hope not. Iran doesn't have a local section but if there is it would be a hot big thread here in bticointalk.

Wow, $29k! I think that's even higher than the ath in 2017. But then again, if they are really afraid that they might lose it all if they ever get invaded, might as well lose a bit buying at that price and salvage what's left.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: killerfrost on January 08, 2020, 10:44:36 AM
I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.
Bitcoin might increase it's price if the war in Iran will happen because gold and oil has also increased, so automatically a lot of wealthy or rich people will store their funds in bitcoin as their safe asset. But i still fear the war between Iran and US because even it will have an effect on bitcoin's price, a lot of people will die.
In fact, the price of bitcoin has increased over the past few days and is still increasing, today's bitcoin price has reached $ 8500 and it is a great signal for this market. But I don't really like the war because the war will make many innocent people in Iran die and the global economy will collapse, the war will only help safe assets like gold, oil, bitcoin rise.... I hope the tensions between Iran and the United States will end as soon as possible because if the conflict is still happening I suspect we will face WW III.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: SergeJeletski on January 08, 2020, 10:55:59 AM
War is shit, lot of people dies and most of them are innocent as said up here already. I don't believe there is enough Bitcoin adoption in Iran to have any bigger impact on global market.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: yulionoo on January 08, 2020, 11:05:50 AM
when conflicts occur most investors will secure their assets and I think they would prefer to secure their assets in gold investment. because gold has a low risk. and if we see since the conflict between Iran and America heats up the price of gold and oil has increased. and I think this conflict has no impact on the price of bitcoin. in recent days the price of bitcoin has indeed increased but I don't think it's because of the iran-american conflict.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Wintersoldier on January 08, 2020, 12:29:35 PM
when conflicts occur most investors will secure their assets and I think they would prefer to secure their assets in gold investment. because gold has a low risk. and if we see since the conflict between Iran and America heats up the price of gold and oil has increased. and I think this conflict has no impact on the price of bitcoin. in recent days the price of bitcoin has indeed increased but I don't think it's because of the iran-american conflict.

If it is not, the idea of thinking about the bitcoin halving being the reason why the market price is increase is quite premature. People do really consider taking advantage of the current situation even if it negative, because they literally know bitcoin is capable of having very huge market price because of its volatility. I wonder why OP said people take their money out of stocks because cryptex and forex is totally different.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: FaithInCrypto on January 08, 2020, 12:56:44 PM
As of the moment, I am not really sure if I should be happy with how BTC is performing in the cryptomarket now because of the ongoing war between US and Iran. Honestly, I'd rather have BTC maintain its $7k rate than having lots of people die and families left alone.

I am really wondering though who or what's beyond BTC's raise as if based on the other comments, when it comes to crypto Iran doesn't hold much.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: VasilyS on January 08, 2020, 02:14:56 PM
Iranian missile strikes were most likely staged. They shot blanks at one of the bases, probably they warned unofficially Americans about strike. Nobody wants a third world war. But Bitcoin grew by 6% and it is a good piece of news. Read more about the consequences of the Iranian strike here: https://www.cryptoprofi.info/?p=4967


Title: Re: How the situation in Iran might impact Bitcoin
Post by: thottum on January 08, 2020, 02:59:45 PM
when conflicts occur most investors will secure their assets and I think they would prefer to secure their assets in gold investment. because gold has a low risk. and if we see since the conflict between Iran and America heats up the price of gold and oil has increased. and I think this conflict has no impact on the price of bitcoin. in recent days the price of bitcoin has indeed increased but I don't think it's because of the iran-american conflict.

I would agree to half of your view definitely most of the people will invest in gold as a safe asset class but the crypto world would always compare BTC to gold and treats BTC as equivalent to gold. So those who believe in crypto will be buying BTC. what do you think the reason for the current BTC pump other than US-Iran conflict.? definitely none IMO


Title: Re: How the situation in Iran might impact Bitcoin
Post by: BChydro on January 08, 2020, 03:31:02 PM
Wow, $29k! I think that's even higher than the ath in 2017. But then again, if they are really afraid that they might lose it all if they ever get invaded, might as well lose a bit buying at that price and salvage what's left.
Not sure about the legitimacy of the price and now Iran started firing back at US base and things are getting worse and it might go to full fledged war, if that happens then there will be a globally issue as the problems these will be created will be felt everywhere. Now looking at what US is going to do and if they retaliate to the strikes then it will affect the price of bitcoin as well as other financial assets.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: TheCoinGrabber on January 08, 2020, 04:00:07 PM
As sure as a flock of Jew flies away at the mere hint of a ghetto brawl, money flees during times of uncertainty. People tend to move to "safer" forms like metals though now there is the option of crypto. I saw one guy comment about the price of BTC skyrocketing in Iran's localmarket, imagine if this conflict erupts into full-blown war. As it gets worse more capital moves into crypto and gold/silver.

Personally though I like shiny coins, I'd probably bet on crypto. Easier to take with you. Might want to keep some cash and jewelry with you to pay to smuggle your way out.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: kodtycoon on January 08, 2020, 04:05:43 PM
i personally not sure the situation will have a big impact on the crypto market, because so far i only know the situation may have gotten worse or maybe a little better, but most importantly the price of every coin on the crypto market is still rising and even able to be maintained. so if only a bad situation happens then it will have a big impact on the crypto market, then at least the increase won't happen


Title: Re: How the situation in Iran might impact Bitcoin
Post by: ubercool on January 08, 2020, 04:14:20 PM
After the signal of an upcoming war which might not happen, there was a prediction that the price of Bitcoin, gold and other similar things price would be increased. The price of Bitcoin increased approx 15% where as gold is near to 10% increment. If you compare with this parameter, we may say that a possible war might influence more increase in the price.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Chrystora123 on January 08, 2020, 04:58:56 PM
I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.
as you can see, that the impact of the US attack on IRAN on Bitcoin is not large, instead Bitcoin is currently experiencing a price increase..

deviated from the topic: I was very afraid that if the third world war actually happened and the internet was completely shut down, then we would be very difficult to trade Bitcoin


Title: Re: How the situation in Iran might impact Bitcoin
Post by: FLoving on January 08, 2020, 05:19:54 PM
I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.
When there is war then people withdraw their money from stock market or any asset which will be affected by the war and as bitcoin is a decentralized and digital currency which mean that it is much safe from any war so everyone will invest their money in bitcoin and the price of bitcoin will increase so if any war take place then do not worry about your investments in crypto and is you have money in any other asset then better to transfer them to bitcoin.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: sisule on January 08, 2020, 05:50:21 PM
I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.
I wonder whit war situation between United State and Iran could make economic global crisis because both country have many higher technology war and could give effect for other country, there are not two countries war but will combined whit many country bilateral like Iran will get support from Russia and United State get support from other bigger country in the world.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: TinaK on January 08, 2020, 06:04:11 PM
People may utilise this situation and buy the bitcoins as much you can because investors will say bad about cryptocurrency using this situation and buy more.
At the same Iran is petroleum country and due to war panicking we may find the petrol bumping more.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: elisabetheva on January 08, 2020, 07:34:01 PM
People may utilise this situation and buy the bitcoins as much you can because investors will say bad about cryptocurrency using this situation and buy more.
At the same Iran is petroleum country and due to war panicking we may find the petrol bumping more.
it could be that the analysis you said could occur and affect the price of bitcoin, but I am not very sure that bitcoin movements will be affected by this problem. because many countries also do not want this conflict to be prolonged and certainly many are disadvantaged. so it is certain that there will be peace negotiations to find a solution. because Iran's oil producers also need a large budget in the event of a conflict and fuel cannot be sold optimally.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: X-ray on January 08, 2020, 10:25:36 PM
i personally not sure the situation will have a big impact on the crypto market, because so far i only know the situation may have gotten worse or maybe a little better, but most importantly the price of every coin on the crypto market is still rising and even able to be maintained. so if only a bad situation happens then it will have a big impact on the crypto market, then at least the increase won't happen
I dont know whats the reason behind the price bump but to expect it coming from the fact that some countries is about to wage war is just feels really wrong.
i really think that this price bumping is all caused by the upcoming halving which is near and not because the fact that iran is waging war and the rumour of bitcoin having ridiculously high price in that country which maybe will only hold the price temporarily because they might consider bitcoin as temporary safe haven for their assets.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: dimox on January 08, 2020, 11:52:08 PM
my friend told me if people start to stock bitcoin in Iran, i know they wont to lose their money, as much as possible try to stock their money in other shape and hold until the world balance. and the price really amazed, effected by demand, not war.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: drlukacs on January 09, 2020, 02:24:23 AM
I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.
You're right, that's the common mentality of many people. War certainly does not make the economy grow. And are the theories that people often withdraw money from the stock market and invest it in Gold and Crypto? I think it is true. because the price of bitcoin is now showing that and we see the crowd always believing in Bitcoin. so I think that when a war happens, the price of bitcoin will really increase, but for coins other than the top 10, I'm not sure.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: ecnalubma on January 09, 2020, 03:45:58 AM
I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.
Cryptocurrency maybe one of the best options in moving money in terms of crisis like this. Expect an inflow of money of crypto if the tension continue. Maybe it has slight impact but manipulators ride with news to create parabolic movements.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: barabarian1 on January 09, 2020, 05:49:37 AM
in fact I am quite doubtful that the rise in bitcoin yesterday was the impact of the conflict between Iran and America. But today when President Trump declared that he would not use military force to handle Iran's conflict, the price of bitcoin suddenly dropped again to $ 7k. so I think the Iranian and American wars have a little effect on the price of bitcoin.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Ozero on January 09, 2020, 05:53:37 AM
So far, there are some signs that tensions between the US and Iran are not directly related to the rise in bitcoin prices a few days ago. In Iran itself, demand for bitcoin has not increased. In addition, when Iran launched a retaliatory missile strike on American bases in Iraq, by then the price of bitcoin had already begun to fall and fell in the future. Therefore, objectively, such a relationship is not monitored. Now Bitcoin has again dropped in price slightly below $ 8,000, according to CoinMarketCap, its price is now $ 7,963.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: andriarto on January 09, 2020, 06:36:25 AM
in fact I am quite doubtful that the rise in bitcoin yesterday was the impact of the conflict between Iran and America. But today when President Trump declared that he would not use military force to handle Iran's conflict, the price of bitcoin suddenly dropped again to $ 7k. so I think the Iranian and American wars have a little effect on the price of bitcoin.
I think so too, the effect of the war on bitcoin is small, I think the most turbulent is the price of gold, where many investors want to shift their assets so that gold becomes a reference. but it could be that bitcoin becomes the second investment reference after gold, if a war occurs



Title: Re: How the situation in Iran might impact Bitcoin
Post by: Lecam on January 09, 2020, 07:44:50 AM
I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.
I think if the war continue there is a big impact to bitcoin because we know that many country are getting affected and once that happen many are getting panic and they are selling there holding and the price will drop. Hope that war is not continue because many of our online business are getting affected especially bitcoin.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: goldade on January 09, 2020, 10:24:11 AM
I think the war will affect the price of bitcoin not negatively but positively. Since a war means an economy downfall, quite a number of people will want to secure their cash. And since will fiat will not be reliable, they'll be forced to secure their cash by pouring it into bitcoin.
This ultimately affects the price of bitcoin.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: airdnasxela on January 09, 2020, 12:29:44 PM
in fact I am quite doubtful that the rise in bitcoin yesterday was the impact of the conflict between Iran and America. But today when President Trump declared that he would not use military force to handle Iran's conflict, the price of bitcoin suddenly dropped again to $ 7k. so I think the Iranian and American wars have a little effect on the price of bitcoin.
Of course. The price increased when the conflict is still firing up, people tend to buy because of fear. But since the President already stated that he doesn't have any plan of making things big and have no intention of creating a war, some might have felt reassured already, that leads to the decrease of the price of Bitcoin back to $7,000.
Right now, let's just hope that we will get back to $8k


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Edraket31 on January 09, 2020, 12:35:22 PM
I think the war will affect the price of bitcoin not negatively but positively. Since a war means an economy downfall, quite a number of people will want to secure their cash. And since will fiat will not be reliable, they'll be forced to secure their cash by pouring it into bitcoin.
This ultimately affects the price of bitcoin.

I respect your point, but for me I don't think that if there's a war situation like that, that people will prefer to secure their funds to crypto which I think is more risky compare to securing it in bank, so I think that people will hide or will cash out their money and hide it in their safe place rather than investing in crypto owhich also does not assure it.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: SquallLeonhart on January 09, 2020, 02:41:47 PM
It all depends on how USA and Iran will continue to escalate these things, Iran for example supposedly just shot down a plane thinking that was a response from USA, 180 people dead all because Iran was afraid of USA attacking them that quickly, not that it was impossible but seeing how USA haven't responded just yet to something like this, I suppose they are taking the long road and that gives me hope that maybe war is inevitable.

If USA attacked back right away claiming national emergency and bombed Iran right away, that would have been start of a new war and probably at least 100k people dead in the region with only small percent being american and mainly Iranians. Now we have a chance for USA to sit back and consider the options and for the love of god hopefully pick the peace one.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: fullhdpixel on January 09, 2020, 02:56:50 PM
I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.
I have already seen someone post this same topic in Bitcoin Discussion. I am not really expecting any changes that would be impacted by the situation in Iran.

Even if these things never happened the price of Bitcoin will still either go up or down, and we have all been expecting an increase soon due to the next halving. And despite the situation the price of Bitcoin has been going up, though that doesn’t mean it can’t drop back at anytime, but just so that people know that if the price should keep going then it’s not an impact made by this situation.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: FlightyPouch on January 09, 2020, 02:56:53 PM
I think the war will affect the price of bitcoin not negatively but positively. Since a war means an economy downfall, quite a number of people will want to secure their cash. And since will fiat will not be reliable, they'll be forced to secure their cash by pouring it into bitcoin.
This ultimately affects the price of bitcoin.

And I don't think not all of the people think as you are. Iraq is having casualties and I don't think those people know bitcoin or if they even use it. Another thing is that I don't think this war might happen since if it does, Trump is one of the worst President.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Barbut on January 09, 2020, 03:42:58 PM
We need to ask the right question, who will benefit from the situation in Iran? Why ask questions about the impacts of this situation on Bitcoin when Bitcoin doesn't have anything with that situation. Bitcoin will gain popularity in any way, but these wars around the world and all other bad things will probably speed that up.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Ludmilla_rose1995 on January 09, 2020, 04:19:01 PM
I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.
Maybe yes. Because I also think the same thing. I think when the war broke out, it was likely that the stock market would crash, so people would withdraw their shares and move them to crypto or gold.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: coin-investor on January 09, 2020, 04:30:00 PM
I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.

There is an existing poll about this issue and you will find the majority of people voting that the Iran issue has nothing to do with Bitcoin pump
https://bitcointalk.org/index.php?topic=5215731.msg53562513#msg53562513, they consider the pump as mysterious in some ways, although I think Iran has something to do with it or just a coincidence of a sort.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: btccashacc on January 09, 2020, 04:35:43 PM
I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.
Yes you're right, people will be looking for something that they can protect their asset but the problem is bitcoin is not as popular as other commodities, so it's less likely to people protecting their assets in bitcoin. gold will be a choice for people specifically in war. However, if the super-rich people in this world protect their wealth in bitcoin instead of buying gold, the price of bitcoin will go up even though the vast majority don't adopt it.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: sisule on January 09, 2020, 04:53:20 PM
Give higher impact for bitcoin price after war Iran and United State, when Iran finished for attack the United State soldier in Iraq bitcoin back to higher price but after Donald Trump announce with conference about gold and oil make bitcoin back to lower price, I think situation between both countries couldn't stop will give bad impact for bitcoin price later.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: meliodas on January 09, 2020, 05:06:32 PM
If the situation from Iran and US escalate more then it means that people will panic and they will think for a store of value for their currency and they will buy more bitcoin. Bitcoin price might go up even more because of the situation in Iran and I believed that just because of the conflict between of Iran and US made the price to go up more than $8k.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: AicecreaME on January 09, 2020, 05:09:48 PM
I've watched the interview of the Iran minister regarding about this matter that is a hot topic since Trump made a very provoking move against Iran by killing their General which Trump assumed as terrorist, and killed him by giving order to whoever soldiers pulled that off, and the minister says that they are not looking for war, instead they made a move which is to get fair justice for what happened to their general, not a war against the US.

So, it depends on what trumps gonna do about this, but I've read some news that he cancelled it off, the rumors about going to war against Iran.

Hope bitcoin's price will soon skyrocket up once the halving process is done. Let there be PEACE.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Spaffin on January 12, 2020, 09:33:17 AM
Because of the situation in Iran, the entire Muslim world is suffering, where quite large financial centers and tourist facilities are located, which bring very large profits.  In addition to Iran and the United States, Iraq is involved in the conflict, since it is in Iraq that the US launch systems are located.  I believe that in this situation, a lot of companies and businessmen with the help of cryptocurrency will exercise the opportunity to secure their money.  Of course, it cannot be said that the conflict will benefit the cryptocurrency market, but nonetheless, in this situation, I see a certain surge in investment in the cryptocurrency, especially in bitcoin.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Lagduf on January 12, 2020, 10:00:15 AM
Because of the situation in Iran, the entire Muslim world is suffering, where quite large financial centers and tourist facilities are located, which bring very large profits.  In addition to Iran and the United States, Iraq is involved in the conflict, since it is in Iraq that the US launch systems are located.  I believe that in this situation, a lot of companies and businessmen with the help of cryptocurrency will exercise the opportunity to secure their money.  Of course, it cannot be said that the conflict will benefit the cryptocurrency market, but nonetheless, in this situation, I see a certain surge in investment in the cryptocurrency, especially in bitcoin.
If the situation will be unconditional and they will be converting their assets into the gold or bitcoin. i just take a few days chart of bitcoin and gold as the best evidence if maybe there is a correlation between the war that makes gold and bitcoin as an alternative way to invest or store your value. I was reading the news yesterday that says is there is no a very big correlation with the gold with bitcoin. But for me, at least a little correlation will be enough to make it follow each other.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Mometaskers on January 12, 2020, 02:08:27 PM
Wow, $29k! I think that's even higher than the ath in 2017. But then again, if they are really afraid that they might lose it all if they ever get invaded, might as well lose a bit buying at that price and salvage what's left.
Not sure about the legitimacy of the price and now Iran started firing back at US base and things are getting worse and it might go to full fledged war, if that happens then there will be a globally issue as the problems these will be created will be felt everywhere. Now looking at what US is going to do and if they retaliate to the strikes then it will affect the price of bitcoin as well as other financial assets.

I also can't find more information about that listed pricing. But so far the tension has subsided a bit after Iran has had its revenge. Only time will tell if there will be further escalation. If there is we might actually see an effect. The more affluent ones there will try to find ways to secure their money in case it gets worse.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Brunus on January 12, 2020, 08:56:19 PM
Well, on the night of the attack, bitcoin made a good leap, since in the end it is safer than gold.
If the problem continues, it depends a lot on what the superpowers will do to be convincing.
It could be a good time to invest.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: crossabdd on January 13, 2020, 07:19:35 AM
if a war happens, it will have an impact on the world economy. especially this is Iran Vs US. where US is a country with financial power in the world. I think it will be very influential. as you say. many people withdraw their money from the stock market to secure assets. I think if US loses to Iran, then the USD will fall. and bitcoin will pump. saw some time ago bitcoin traded with a price of $ 24,000 in iran. so this is very influential.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Ethereums on January 13, 2020, 10:09:36 AM
Google can be a benchmark for us. The word Bitcoin is interested in Bitcoin, which country is looking for more. If Iran has a similar situation, the bitcoin price may increase. Precious metals increase their prices in wartime.

metal would be an opportunity in wartime, but bitcoin still looking up as safe heaven in this case. I saw people keep talking world war right now, but still, I think it's far from it seems. Iran only talk about justice demand about US killing their general and not talking about a war in my opinion. But if we talk about BTC halving , in this case it might a support for bullish action this year. As history we already seen it, and i hope it repeated again ( finger cross for this..lol )


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Sanugarid on January 13, 2020, 10:23:13 AM

price has already affect BTC on the localbitcoins in Iran, it was posted by some user in similar thread which the price reaches up to $29K. it didn't affect the whole market though. a war seem overblown though, its not like Iran will blast US but then there is a probability that Iran will be invaded as US usually do it. hope not. Iran doesn't have a local section but if there is it would be a hot big thread here in bticointalk.
In Iran, there is always presence of war and because of that many people are afraid of it and they taking there money and all of their investment out of the stock market. The impact of this in bitcoin, it would be a big question and a big thread in bitcointalk to have this kind of issue that has an involvement in bitcointalk.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: desticy on January 13, 2020, 01:55:04 PM
Speculative markets are moving in the event of war. In this case, passing the word war will stimulate the market. Bitcoin and Gold prices are rising. But Trump's statements have a direct impact on the market. Bitcoin is a value store that is very easy to carry.

As part of the confrontation between Iran and the United States, it is necessary to focus on rising oil and gold prices. Bitkio is too speculative asset, even in the case of strong growth during the growing tension between the countries, we will not be able to say exactly what this growth is connected with, whether it is speculation by large players or not. However, locally, in the same Iran, the price of bitcoin can easily increase compared to global indicators.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Wexlike on January 13, 2020, 02:05:49 PM
Speculative markets are moving in the event of war. In this case, passing the word war will stimulate the market. Bitcoin and Gold prices are rising. But Trump's statements have a direct impact on the market. Bitcoin is a value store that is very easy to carry.

As part of the confrontation between Iran and the United States, it is necessary to focus on rising oil and gold prices. Bitkio is too speculative asset, even in the case of strong growth during the growing tension between the countries, we will not be able to say exactly what this growth is connected with, whether it is speculation by large players or not. However, locally, in the same Iran, the price of bitcoin can easily increase compared to global indicators.

Maybe not just the rise of oil and gold, which are probably just side effects of a stock market in shock. Maybe one of the reasons was to delay a further stock rise by making the world a little bit more risky. And give the market all the best things right before the election, so everyone continues to be very happy with the orange man ;)


Title: Re: How the situation in Iran might impact Bitcoin
Post by: allthingsluxury on January 13, 2020, 02:11:24 PM
Bitcoin may be bought as a safe haven asset and thus go up if things get out of hand too much. However, most definitely oil and precious metals are going higher over the long term, as the latter is linked to the former and the Straight of Hormuz is vital piece of the oil pipeline for the global economy. Sadly, Iran has the ability to greater disrupt this trade route and will likely do so if they feel desperate enough.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: keeee on January 13, 2020, 02:19:53 PM
I've watched the interview of the Iran minister regarding about this matter that is a hot topic since Trump made a very provoking move against Iran by killing their General which Trump assumed as terrorist, and killed him by giving order to whoever soldiers pulled that off, and the minister says that they are not looking for war, instead they made a move which is to get fair justice for what happened to their general, not a war against the US.

So, it depends on what trumps gonna do about this, but I've read some news that he cancelled it off, the rumors about going to war against Iran.

Hope bitcoin's price will soon skyrocket up once the halving process is done. Let there be PEACE.
When it comes to war,  it ws already cancelled since trump become humble between the two country and he dont want anyone be harm again. 
Actuallynthe situation of iran doesnt that affect much the bitcoin value since as far as I know the number of people who are using bitcoin was not that high.  But that was also true that people get their stock because they dont want to lose it. 


Title: Re: How the situation in Iran might impact Bitcoin
Post by: BellIcon on January 13, 2020, 04:39:12 PM
I want stability. Hopefully with the student protestors refusing to step on the American flag, and calling out the Iranian government means peace, and thus a stable Bitcoin price.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: kodtycoon on January 13, 2020, 04:54:50 PM
the influence of such a situation will at least have an impact on the market and the country's economy so it is very possible when they sell shares and switch to the crypto market, but i don't expect anything bad or a world war to happen because it will have a more severe impact on the world economy including the crypto market


Title: Re: How the situation in Iran might impact Bitcoin
Post by: shoreno on January 13, 2020, 05:00:44 PM
I want stability. Hopefully with the student protestors refusing to step on the American flag, and calling out the Iranian government means peace, and thus a stable Bitcoin price.

you want stability ? i think me too , i want stability but i want a good price maybe 15k or above would be better  but sometimes i have this feeling that btc can pump more so how can we see it if the price is stable   ? 

 and what is the connection of the protest or on the war to the stableness of the coin    ? wars can affect the price but its hard for the bitcoin to become stable  .   


Title: Re: How the situation in Iran might impact Bitcoin
Post by: Febo on January 13, 2020, 05:23:49 PM
I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.

Killing of Soleimani  drastically improved Iran government stand. We saw demonstrations against government only a month or two ago. That is now total past. People started trusting their government much more. They support it, because they dont want that Iran turns into Iraq or Afghanistan. 

Stronger the government is worse situation is fro crypto and Bitcoin. So what happened in January is negative for Bitcoin in Iran. What was happening at end of last year was super positive.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: desticy on January 13, 2020, 05:50:40 PM
I can only say from my own experience that for me, following other people turned out to be the most unprofitable things. I have often found myself mentors in trading, as well as investment advisers of a fairly high level. Each time I was convinced that these consultants themselves made their name and fortune only thanks to a favorable combination of circumstances, and they cannot really teach anything. Listen to yourself and not others.


Title: Re: How the situation in Iran might impact Bitcoin
Post by: aamirsuh on January 13, 2020, 09:24:56 PM
There is a constant conflict in the Middle East. I think the situation in Iran does not affect bitcoin prices very much. However, the expectations lead the markets. In this case, the market will be shaped as speculators give direction.