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Title: Iran/US tension's effect on crypto and economy ? Post by: Wysi on January 09, 2020, 07:28:32 AM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation.
Title: Re: Iran/US tension's effect on crypto and economy ? Post by: merchantofzeny on January 09, 2020, 08:14:51 AM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. Just speculating but there would be just a small gap between bitcoin skyrocketing from people rushing to protect their money to it absolutely crashing as more countries enter the war. Only people living in countries not affected would have the luxury to watch the price movement. I would say it might see a pump if either Iran or US formally declares war. It should scare some people into buying bitcoins. Then whales would come in and pump and crash it to take advantage. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: joelsamuya on January 09, 2020, 09:41:57 AM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. There will no big war between Iran and USA, that is for sure. USA is in no position to take the risk for another big war in the Middle East. Iran is still building up its nuclear capacity and this can be taking years before it can be become a heavyweight in terms of war capacity in the Middle East though I am sure that one day it can be. Both of these countries are evaluating the risk involved above the emotional rhetoric and worthless warnings in speeches. For sure, a war between these countries can be helping Bitcoin go up just like its effect on oil. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: enhu on January 09, 2020, 09:54:10 AM Well we all need oil for our machines, this will affect the prices and so inflation takes place. I fill my tank with $20 but if the gasoline price inflates, I may not be able to do it with $20. The tension is slowly calming though, the war thankfully might not happen after all. It could have made us all suffer the inflation and possibly bring us to war. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: jonatha28 on January 09, 2020, 10:13:57 AM Well we all need oil for our machines, this will affect the prices and so inflation takes place. I fill my tank with $20 but if the gasoline price inflates, I may not be able to do it with $20. The tension is slowly calming though, the war thankfully might not happen after all. It could have made us all suffer the inflation and possibly bring us to war. I'm glad it didn't happen after all. And it kinda sucks that someone was greedy about war, because a lot of currencies went up after those awful events. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: Eduarop on January 09, 2020, 10:24:04 AM Well we all need oil for our machines, this will affect the prices and so inflation takes place. I fill my tank with $20 but if the gasoline price inflates, I may not be able to do it with $20. The tension is slowly calming though, the war thankfully might not happen after all. It could have made us all suffer the inflation and possibly bring us to war. I'm glad it didn't happen after all. And it kinda sucks that someone was greedy about war, because a lot of currencies went up after those awful events. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: quarkfx on January 09, 2020, 11:06:58 AM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. countries which depend upon crude oil I mean top importees of crude like china and India will be effected most , if America puts sanctions on Iraq then its to supply of crude is much difficult Title: Re: Iran/US tension's effect on crypto and economy ? Post by: Eclipse26 on January 09, 2020, 12:54:15 PM The war between US and Iran won't grow bigger. There is a tension between the two but I don't think they are willing to sacrifice their armies. I think the only goal of Iran is to take revenge of what happened to one of their highest officer. No Iranian and American wants war so maybe the pump because of this war, might not last at all and the people affected won't suffer that long.
Title: Re: Iran/US tension's effect on crypto and economy ? Post by: hugeblack on January 09, 2020, 01:27:49 PM I do not think that there will be a war between the United States and Iran but merely skirmishes to force Iran to negotiate in exchange for a new nuclear agreement or to weaken Iran internally and limit its military capacity.
Generally, if an all-out war occurs, then the whole world will be affected by the impact of oil prices, but the only victim will be us, as the missiles will fall in our heads, and the economy will be greatly affected. In general, Iran's role in the region is aggressive and must be stopped. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: alyssa85 on January 09, 2020, 01:28:25 PM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. There won't be a war. But even if there was a war, it would have less of an impact on the global economy than the Iraq war did. The difference between the early 2000's when the Iraq war took place, and now, is that the Americans are now self-sufficient in oil thanks to fracking. That means that it's unlikely the oil price will ever go back to $150 a barrel again. Especially as environmentalists are trying to decrease demand at the same time. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: kro55 on January 09, 2020, 02:12:15 PM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. History shows that war always brough death and destruction to economy. There are more negative effects of war then positive. As far as the sufferer's of war is concerned they are people. Economy and infrastructure are destroyed. Bitcoin pump is also getting converted into dump, thanks to de-escalation of war situation . Title: Re: Iran/US tension's effect on crypto and economy ? Post by: yoseph on January 09, 2020, 02:25:55 PM Most of the time when there is serious conflicts, it's the stock market that seems to suffer because investors starts to dump their stocks and go in for gold and other valuable metals for their financial safety. I also saw that the price of Bitcoins started going up as well when the Iranians fired their rockets a the USA military camps.
Title: Re: Iran/US tension's effect on crypto and economy ? Post by: GideonGono on January 09, 2020, 02:33:27 PM Most of the time when there is serious conflicts, it's the stock market that seems to suffer because investors starts to dump their stocks and go in for gold and other valuable metals for their financial safety. I also saw that the price of Bitcoins started going up as well when the Iranians fired their rockets a the USA military camps. It would have an affect from the economy of some country who have affected from those kind of situation so some of them need to evacuate and stop working. It maybe affected the economy and the crypto also if a huge investor need their financial of course. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: The Sceptical Chymist on January 09, 2020, 02:40:59 PM There will no big war between Iran and USA, that is for sure. USA is in no position to take the risk for another big war in the Middle East. You do realize who the president of the US is, right? Right now he apparently thinks he's all-powerful royalty and that there aren't any checks and balances of his power, so who knows what he might do without getting permission to do it? He just swatted a hornet's nest, and it remains to be seen what Iran does--though they would be stupid to escalate this situation IMO. I'm really tired of Trump. I never wanted him as POTUS, but I thought his presidency was going better than I thought it was up until this thing with the Iranians, which I'm absolutely certain is a smokescreen to draw attention away from his impeachment. And now it's clear he has no idea what he's doing. But as far as the effect of all this on crypto, I don't have a clue. Bitcoin jumped and then fell, but it tends to do that without any big world news, so it could just be a coincidence. Oil prices rising makes sense, but I would also expect gold & silver to rise if investors really thought we were in trouble, but they haven't moved much. Anyway, I'm hoping this isn't the start of a war in the middle east. Nobody needs that. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: Wexlike on January 09, 2020, 03:05:45 PM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. Not only oil prices. Just have a look at the precious metals: https://i.imgur.com/hpdJq1u.png https://i.imgur.com/OXZmGoj.png https://i.imgur.com/cdLau02.png Title: Re: Iran/US tension's effect on crypto and economy ? Post by: teosanru on January 09, 2020, 03:18:53 PM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. I think Cryptocurrencies would definitely get a boost due to these tensions. Usa despite of being most powerful army in this world has done a somewhat non civil act in Iran and this world is viewing this as an ignition to world war 3(atleast what the meme suggests). In such a situation no country would want to trust their governments for anything leave currency. Bitcoin which is the currency without any central body would be considered as a safe heaven in such a case not to forget that many countries could also pump their war funding in Cryptocurrencies. So a war tension would definitely boost Bitcoin.Title: Re: Iran/US tension's effect on crypto and economy ? Post by: AniviaBtc on January 09, 2020, 04:29:50 PM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. I think Cryptocurrencies would definitely get a boost due to these tensions. Usa despite of being most powerful army in this world has done a somewhat non civil act in Iran and this world is viewing this as an ignition to world war 3(atleast what the meme suggests). In such a situation no country would want to trust their governments for anything leave currency. Bitcoin which is the currency without any central body would be considered as a safe heaven in such a case not to forget that many countries could also pump their war funding in Cryptocurrencies. So a war tension would definitely boost Bitcoin.The conflict between the two countries will increase the demand with arms and weapons of massive destruction. A country may use cryptocurrency to purchase those things and we all know that the crypto have potential currencies that can cause wide economic growth. But when that tension continues and the war happened, whole world will be affected by that. Economy will deflate because of destroyed agriculture that the explosions brought to a country. Government should be careful to keep their economy healthy and focus on their own country, not on the war that will only bring harm to the people. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: kapalmabur on January 09, 2020, 04:39:27 PM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. but reportedly now the war has subsided a little because the United States is planning to make peace with IRAN, and the price of Bitcoin has decreased, so it's natural like the gameTitle: Re: Iran/US tension's effect on crypto and economy ? Post by: TastyChillySauce00 on January 09, 2020, 06:19:46 PM but reportedly now the war has subsided a little because the United States is planning to make peace with IRAN, and the price of Bitcoin has decreased, so it's natural like the game Maybe it's true that people are converting their money out of fear if the war breaking out and then after getting some relief they intend to convert it back but the fact that Iran is not a major player in crypto actually means that it has no significant effect to the market and I think it's just global sentiment regarding the market driven by the fact that if the war breaks out it might affect the price of stocks and commodities therefore some people think it's alright to temporarily convert their wealth to bitcoin.Title: Re: Iran/US tension's effect on crypto and economy ? Post by: exstasie on January 09, 2020, 07:28:29 PM I'm really tired of Trump. I never wanted him as POTUS, but I thought his presidency was going better than I thought it was up until this thing with the Iranians, which I'm absolutely certain is a smokescreen to draw attention away from his impeachment. And now it's clear he has no idea what he's doing. That's the scary thing. It came completely out of left field, like a diversion tactic. Governments do that in general (creating crises to divert attention from corruption and incompetence), but with Trump it feels like literally anything could happen at any time. All bets are off, etc. The stock market is performing extremely strong through all this. Nothing can keep it down. It's exuberant. Which probably means everyone calling for a crash in 2020 is going to be disappointed. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: Mihaylovic on January 09, 2020, 07:33:18 PM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. As far as i remember from new, the issue between USA and Iran globally has not affect to the bitcoin and crypto prices. But local bitcoin price in Iran increased for a while in the first day after the murder of Iranian General Suleymani. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: ene1980 on January 09, 2020, 08:36:23 PM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. If there is a full fledged war then there is a economic issue around the world as the oil price will keep on rising and it will create an economic imbalance in the economy and that will be affected in every country around the globe and hopefully we will see a stand down without escalating the situation as a war will not bring anything positive rather than destruction and misery and if there is a situation of war people will invest their money in assets like gold and partly in bitcoin and other assets that cannot be affected by the war. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: vintages on January 09, 2020, 09:57:08 PM We are still not sure what actually pumped the recent price of Bitcoin. So we can't conclude that it is related to the tension between Iran and the United States of America. Since its the recent even that is rising, I guess it's more of the reason why people tend to link them. For your question, we don't hope to see another war, not in this time. If it ever happens, most underdeveloped countries will be affected. They are always the one been affected. If inflation breaks out, not everyone of them can invest or purchase Bitcoin as it price may pump more.
Title: Re: Iran/US tension's effect on crypto and economy ? Post by: pixie85 on January 09, 2020, 11:30:21 PM Most of the time when there is serious conflicts, it's the stock market that seems to suffer because investors starts to dump their stocks and go in for gold and other valuable metals for their financial safety. I also saw that the price of Bitcoins started going up as well when the Iranians fired their rockets a the USA military camps. Stocks go down commodities go up. People run to the banks take out cash because they're worried of network problems and card terminals acting up. This is the beginning of a mass hysteria. You can already see it happening when people are saying it's going to be WW3. Iran doesn't have enough allies for it to become a world war. If there is a war the USA will once again test out their new toys on a new battlefield like they did in Iraq and Afghanistan. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: hatshepsut93 on January 10, 2020, 01:12:25 AM Neither Iran nor the US want to truly go to war, they just want to show their strength, especially to their domestic audience - Trump will soon have elections, Iran had protests. So, since there will be no war, there's will be no long term effects on economy, the prices that reacted to the news will correct.
As for crypto, I doubt it will go down to the previous levels, since the market was looking for a reason to turn bullish for a long time. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: googol.star on January 10, 2020, 01:53:31 AM I saw that after the plain crash Bitcoin in Iran shot up to $24,000. That's insane, and I do not like the reasons why it shot up. But I'm guessing that will have an effect on the price here.
Title: Re: Iran/US tension's effect on crypto and economy ? Post by: iamMhew on January 10, 2020, 02:22:47 AM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. As far as i remember from new, the issue between USA and Iran globally has not affect to the bitcoin and crypto prices. But local bitcoin price in Iran increased for a while in the first day after the murder of Iranian General Suleymani. Coz their currency when down a bit...probably some locals unload their fiat to crypto for awhile Title: Re: Iran/US tension's effect on crypto and economy ? Post by: iamMhew on January 10, 2020, 02:40:07 AM Opinion: It still depends on how many individuals or institutions that are a holder of Iran's fiat money that are more interested in crypto currencies, this is an ancient country that still value gold. But it is highly unlikely that a majority of those holder of Iranians fiat money will convert to crypto. Depending on the recent situations on how they play out, surely it will affect their economy. For sure, USA and Iran dont want to draw their military powers in the battlefield for the meantime. But when it comes to global economy, this will have a little effect on it if these two countries will take on a shooting contest. No allies, just a duel. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: romero121 on January 10, 2020, 04:26:47 AM Earlier we've experienced impact of trade war and this is the first time we're experiencing some formal war between Iran and America causing a drastic change in the markets. This doesn't left the crypto market. Probably if any of the countries give formal statements of war, surely the war impact can be felt in the change of Bitcoin price. This is just because of investors moving more funds to Bitcoin from other investments by the people of the respective country to safeguard the savings from the war.
Title: Re: Iran/US tension's effect on crypto and economy ? Post by: AmoreJaz on January 10, 2020, 04:43:55 AM Earlier we've experienced impact of trade war and this is the first time we're experiencing some formal war between Iran and America causing a drastic change in the markets. This doesn't left the crypto market. Probably if any of the countries give formal statements of war, surely the war impact can be felt in the change of Bitcoin price. This is just because of investors moving more funds to Bitcoin from other investments by the people of the respective country to safeguard the savings from the war. since Trump decided not to retaliate after Iran's missiles' attack, suddenly bitcoin's price is going down again. https://edition.cnn.com/2020/01/08/politics/standing-down-trump-iran-retaliation-strike/index.html but if iran changed their minds and do another much harsher attack and ignore what Trump had said in his speech. i guess war is really imminent. but i hope, iran will not do such dumb move just to show to the world that they are ready to fight because theyre not. https://www.cbsnews.com/live-updates/iran-commander-vows-harsher-revenge-against-us-relief-in-tehran-today-after-trump-speech-2020-01-09/ though we will be experiencing a good price movement if in case war happens but i dont think this will be good for the people living in that area and the soldiers that will fight for their respective countries! Title: Re: Iran/US tension's effect on crypto and economy ? Post by: senin on January 10, 2020, 05:20:43 AM Neither Iran nor the US want to truly go to war, they just want to show their strength, especially to their domestic audience - Trump will soon have elections, Iran had protests. So, since there will be no war, there's will be no long term effects on economy, the prices that reacted to the news will correct. I agree that the military conflict between the United States and Iran is unlikely to continue. Trump will not be allowed to do this by Congress, and Iran must understand that this country has no chance in a war with the United States. The United States, in fact, achieved its goal, and in Iran showed that they are ready to defend themselves.As for crypto, I doubt it will go down to the previous levels, since the market was looking for a reason to turn bullish for a long time. As for cryptocurrency, we see that Bitcoin has slowly returned to its previous price and now, according to CoinMarketCap, its price is 7844 dollars. Apparently, he is not yet ready for growth. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: hatshepsut93 on January 10, 2020, 05:35:14 AM As for cryptocurrency, we see that Bitcoin has slowly returned to its previous price and now, according to CoinMarketCap, its price is 7844 dollars. Apparently, he is not yet ready for growth. Previous level would be around $7,000 and we are much higher than that, so now if the time to test if we will be able to retain the gains from this pump or not - I believe Bitcoin won't plunge deeper, at least not for long. It's quite ready for growth, the halvening is soon and the market was bearish for more than half a year already, and we have successfully defended the $6,500-7,000 range multiple times already.. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: coin-investor on January 10, 2020, 05:48:04 AM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. It will affect so many countries because Iran is strategically located in a region where transportation of oil pass, the price of crude oil and oil will drastically increase, and it will affect the price, and countries who depend heavily on oil will suffer, the Crypto market will have perform better because rich people will convert their wealth to Crypto to flee from these regions but the negative impact outweighs the positive. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: sana54210 on January 10, 2020, 06:06:35 AM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. From what I gather today Trump is not looking to escalate things like you guys saw and that means there won't be a war. However, just because there is no war doesn't mean that there is no unrest about it, we do not have Iran and USA allies and friends all of a sudden, we just witnessed Iran bombing of a USA base which is a big no no in regular times but Americans do not want a fight and trying to avoid another war in middle east so they are willing to look away from the bombing and the missiles but they haven't just decided that Iran is a good place all of a sudden neither. Iranians didn't forget the killing of a high rank official neither, but they don't want hundreds of thousands of people dead just because one guy was killed neither. There is an old saying "People of two nations are more similar than people in those nations to their governments and two nations governments are more similar to each other than their public". Title: Re: Iran/US tension's effect on crypto and economy ? Post by: Baofeng on January 10, 2020, 06:13:43 AM As for cryptocurrency, we see that Bitcoin has slowly returned to its previous price and now, according to CoinMarketCap, its price is 7844 dollars. Apparently, he is not yet ready for growth. Previous level would be around $7,000 and we are much higher than that, so now if the time to test if we will be able to retain the gains from this pump or not - I believe Bitcoin won't plunge deeper, at least not for long. It's quite ready for growth, the halvening is soon and the market was bearish for more than half a year already, and we have successfully defended the $6,500-7,000 range multiple times already.. It's now on the $7800 range, the so called gains we have because of the supposedly looming wars between the US and Iran is -500$. So their no real effect on the price, except those manipulators who take advantage of the situation to create an artificial mini-bull run and then gets their profits, in short it is a bull trap. I'm expecting the price to plunge further to $7500 again. So we can say that the effect on the price is not sustainable. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: gabbie2010 on January 10, 2020, 06:27:25 AM As for cryptocurrency, we see that Bitcoin has slowly returned to its previous price and now, according to CoinMarketCap, its price is 7844 dollars. Apparently, he is not yet ready for growth. Previous level would be around $7,000 and we are much higher than that, so now if the time to test if we will be able to retain the gains from this pump or not - I believe Bitcoin won't plunge deeper, at least not for long. It's quite ready for growth, the halvening is soon and the market was bearish for more than half a year already, and we have successfully defended the $6,500-7,000 range multiple times already.. It's now on the $7800 range, the so called gains we have because of the supposedly looming wars between the US and Iran is -500$. So their no real effect on the price, except those manipulators who take advantage of the situation to create an artificial mini-bull run and then gets their profits, in short it is a bull trap. I'm expecting the price to plunge further to $7500 again. So we can say that the effect on the price is not sustainable. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: SquallLeonhart on January 10, 2020, 06:38:00 AM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. You’re wrong, this situation has nothing to do with cryptocurrency. The price did go up this week to around eight thousand dollars, but today it has dropped back to seven thousand dollars, so do you still think that it has anything to do with the war? And moreover, anyone who lives in a country fighting war doesn’t care about all these things, they only care about surviving.I wouldn’t wish for the war to take place because war is a bad thing, though I don’t live in any of those countries that would be affected, but I still don’t like reading of innocent citizens being killed for no reason. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: blckhawk on January 10, 2020, 07:56:51 AM Most wars result in economical crash, especially to those involved countries. The business sector slows down and comes to a halt when necessary. Trading and exchange are crippled. There could be an influx of people going into crypto as a store of value, but it won't matter anyway once the war broke out to a devastating level.
Title: Re: Iran/US tension's effect on crypto and economy ? Post by: Kakmakr on January 10, 2020, 08:13:47 AM Political instability will surely have a limited affect on the Bitcoin price. I cannot see that institutional investors would shift investment capital into high risk investment options like Crypto currencies.
The average small investor might pull some investment funds and savings out of Banks to hedge against potential risk of global financial instability, but professional investors will shift their funds to traditional safe havens like Gold and Silver. :( People in these war torn countries might shift their wealth into Bitcoin to hedge against the price drop in their local currency and also possibly to enable them to bypass local restrictions on wealth leaving the country. (Capital controls and Foreign exchange controls) Travelers leaving Iran by air are only allowed to carry 5000 euros ($5,980) or its equivalent in other foreign currencies. Source : https://en.radiofarda.com/a/central-bank-sets-strict-limits-on-cash-leaving-iran-amid-ongoing-currency-crisis/29225983.html Title: Re: Iran/US tension's effect on crypto and economy ? Post by: karanggatak on January 10, 2020, 10:34:28 AM I think this conflict between America and Iran will not continue. because yesterday the American president gave an official statement that they would sanction Iran and not use military force to fight Iran. and countries in the world will also encourage the two countries to immediately make peace. because we know Iran is an oil-producing country if this country is in conflict, this will affect world oil prices and also have an impact on the world economy.
Title: Re: Iran/US tension's effect on crypto and economy ? Post by: breathlessz on January 10, 2020, 11:01:03 AM Most wars result in economical crash, especially to those involved countries. The business sector slows down and comes to a halt when necessary. Trading and exchange are crippled. There could be an influx of people going into crypto as a store of value, but it won't matter anyway once the war broke out to a devastating level. right, war will destroy all infrastructure in a country, and for those who have many assets they certainly want to secure it for the continuation of their lives when the war is over. therefore I think crypto is the right choice because this treasure will not be lost despite the damage to the network in a country as long as we still remember the private keyTitle: Re: Iran/US tension's effect on crypto and economy ? Post by: hongchao123 on January 10, 2020, 01:00:50 PM Every big word news can cause incredible effects in crypto space. Speculations x10
Title: Re: Iran/US tension's effect on crypto and economy ? Post by: Leonardo7 on January 10, 2020, 01:05:14 PM As it stands now, there will be no war because Iran is not ready for a war and the USA doesn't want war either. Should there be further escalation like we saw the missiles of Iran on USA bases in Iraq, the Middle East economy will go weak because of instability and fear of proxy war on the region. And travelling security will be tight too to avoid Iran sympathizers from carrying out attacks on the USA soil, so economy of nations will be affected but crude oil, gold and bitcoin prices will boom as investors look for a safe haven.
Title: Re: Iran/US tension's effect on crypto and economy ? Post by: Negotiation on January 10, 2020, 01:31:13 PM I think if the situation like the recent Iran-US war has already raised the price of oil if it starts in another country, it will affect not only the economy of the country but also the social and political sector which is a risk to our country. But there will be no war between Iran and the US because their war will not be able to sustain the pump.
Title: Re: Iran/US tension's effect on crypto and economy ? Post by: Wexlike on January 10, 2020, 01:36:43 PM I'm really tired of Trump. I never wanted him as POTUS, but I thought his presidency was going better than I thought it was up until this thing with the Iranians, which I'm absolutely certain is a smokescreen to draw attention away from his impeachment. And now it's clear he has no idea what he's doing. That's the scary thing. It came completely out of left field, like a diversion tactic. Governments do that in general (creating crises to divert attention from corruption and incompetence), but with Trump it feels like literally anything could happen at any time. All bets are off, etc. The stock market is performing extremely strong through all this. Nothing can keep it down. It's exuberant. Which probably means everyone calling for a crash in 2020 is going to be disappointed. There is just nothing left to put money in. To much money and no options to invest/secure it from negative rates. People are already calling for a crash since 2015, yet nothing happened yet. I don't see much going anymore for 2020. If the stock bubble blows up more, I'd be really shocked. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: airdnasxela on January 10, 2020, 02:54:59 PM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. If the war continues, obviously it will bring the affected country's economy down. They have to recover from the expenses, and damages that the war brought. Even in my country, there's a threat of an oil price increase. The one who will suffer are the normal citizens, not the president. It's their fight but others are the one who will suffer. I hope that this war won't get worse. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: BChydro on January 10, 2020, 03:01:43 PM Neither Iran nor the US want to truly go to war, they just want to show their strength, especially to their domestic audience - Trump will soon have elections, Iran had protests. So, since there will be no war, there's will be no long term effects on economy, the prices that reacted to the news will correct. It was not truly about showing their strengths, the attack was a really bad idea and it will truly destabilize the entire area and if we are looking for peace and security of our forces, we should let them fight their war rather than risking our soldiers in the battle field as these battles will not end as the war is going on for more than a decade a still there is no clear victory or purpose and trillions of dollars pumped for these war efforts which can be really used for the welfare for the general public.As for crypto, I doubt it will go down to the previous levels, since the market was looking for a reason to turn bullish for a long time. The tension might be the reason the price rallied and now the tensions are on halt and the gold who was also rising along with the bitcoin price went down considerably.Title: Re: Iran/US tension's effect on crypto and economy ? Post by: Blackdeath on January 10, 2020, 03:53:00 PM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. The war in Iran and US will definitely help bitcoin to increased it's price because i heard a news that the government in Iran could use bitcoin as their safe asset, so it will really have a positive effect on crypto and bitcoin. But i think this war will not have a good effect on the economy because there is actually a war that will going on.Title: Re: Iran/US tension's effect on crypto and economy ? Post by: Republikcoin.com on January 11, 2020, 03:49:41 AM I don't know who will suffer the most if that happens, but it can be detrimental to the whole country because the war will involve many things, especially inflation. Besides that, even though inflation is rising, I think it is proportional to the increase in crypto, so I think utilizing this moment by storing assets in crypto can be a pretty good profit.
however, I only focus on crypto because of many associates the current price increase due to the relationship between America and Iran. in addition, many people speculate that this will bring the price of bitcoin above the price of $ 10k, or even more. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: barabarian1 on January 11, 2020, 05:11:20 AM The conflict between Iran and America yesterday did have a slight impact on the increase in the price of bitcoin. because maybe some investors will secure their assets to gold and bitcoin. but I never expected the price of bitcoin to go up because of the war. war will never give an advantage. war will only bring destruction and loss.
Title: Re: Iran/US tension's effect on crypto and economy ? Post by: yulionoo on January 11, 2020, 10:43:01 AM of course the two most warring countries suffered. because war will always bring destruction to buildings will be destroyed and civilians will be victims. therefore we should avoid war. And I think the Iran war - America will not continue because America has already stated that it will not fight Iran. so that a war won't occur. and the Iran-America conflict yesterday did have a positive impact on the price of bitcoin.
Title: Re: Iran/US tension's effect on crypto and economy ? Post by: msarro on January 11, 2020, 12:01:38 PM Who will suffer most and where will this lead our economy as wars always leads to inflation. The biggest sufferers of this conflict were families of Ukraine plane that now Iran has confirmed is shot down due to human error. War is not a good thing, those who start remain beneficiary of the war while innocent civilians lose their lives and loved ones. May peace prevails. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: pikkie on January 11, 2020, 02:04:54 PM Who will suffer most and where will this lead our economy as wars always leads to inflation. The biggest sufferers of this conflict were families of Ukraine plane that now Iran has confirmed is shot down due to human error. War is not a good thing, those who start remain beneficiary of the war while innocent civilians lose their lives and loved ones. May peace prevails. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: Maslate on January 11, 2020, 02:10:29 PM Who will suffer most and where will this lead our economy as wars always leads to inflation. The biggest sufferers of this conflict were families of Ukraine plane that now Iran has confirmed is shot down due to human error. War is not a good thing, those who start remain beneficiary of the war while innocent civilians lose their lives and loved ones. May peace prevails. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: deisik on January 11, 2020, 02:14:35 PM This kind of war should not have any impact on the price movement of cryptocurrency, it's just that due to the inadvertent factor of soaring prices, it is said that this war can give rise to cryptocurrency prices when cryptocurrency price movements should depend on the economic warfare of various large countries with economies strong I wouldn't discard and throw away this factor altogether With assets as speculative and volatile as Bitcoin, emotions play a major part in their price dynamic. We should remember (whether it feels good or bad) that most of Bitcoin's value as reflected by its price has no real backup in the form of goods and services which can be bought with it (that's basically the definition of speculative) All in all, it means that we can see huge price moves caused or triggered by however small influencing factors (which is known as the butterfly effect), and not necessarily in the direction we expect most (read, Bitcoin could easily fall instead of rising on these tensions and how they have developed) Title: Re: Iran/US tension's effect on crypto and economy ? Post by: YOSHIE on January 11, 2020, 02:40:40 PM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? What you say has definitely had a positive effect on Bitcoin, gold, oil in Iran today.With the heat up in the current conflict in Iran will cause the price of Bitcoin, gold and oil can soar soaring sharply. In my opinion, if the war between Iran and the US exploded into open warfare, I am sure investors will aim for some currencies that are considered safer for them. For example: Investors will be targeting such as gold, yen (Japan), virtual currency, with this currency can be said safe haven assets, because the exchange rate is easier to strengthen. The most severe effect that occurred in Iran if the war heats up will cause, most of the stock exchanges to plummet and fall will influence negative sentiment towards the US-Iran conflict which is the most fatal will occur. Instead, investors turn to Bitcoin, gold, instead of investing in the stock market, so the price of Bitcoin, gold will skyrocket. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: davinchi on January 11, 2020, 03:01:03 PM Today Iran actually apologized for the fall of the plane and they said they unintentionally dropped it which means there was a passenger flight that was shot down by Iran and that usually is something you get consequences for.
Now, nobody wants a war with Iran, not even USA because there is nothing you can make out of it, at the very best of chances you will fight with Iran, drop the president, put a puppet government there and take insane amounts of money out of Iran and into USA, however that would destabilize middle east even further and you have yourself another expensive war that you will have to pay for anyway, which means all that profit you made will go out of your pocket once again and will be for nothing. However, how nations will react to this plane thing is different, war is something else, killing innocent people is different, we have to wait out and see what nations will say about it. Specially Canada and Ukraine because they had the two of the biggest casualties. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: imons on January 11, 2020, 04:15:05 PM Today Iran actually apologized for the fall of the plane and they said they unintentionally dropped it which means there was a passenger flight that was shot down by Iran and that usually is something you get consequences for. Now, nobody wants a war with Iran, not even USA because there is nothing you can make out of it, at the very best of chances you will fight with Iran, drop the president, put a puppet government there and take insane amounts of money out of Iran and into USA, however that would destabilize middle east even further and you have yourself another expensive war that you will have to pay for anyway, which means all that profit you made will go out of your pocket once again and will be for nothing. However, how nations will react to this plane thing is different, war is something else, killing innocent people is different, we have to wait out and see what nations will say about it. Specially Canada and Ukraine because they had the two of the biggest casualties. I don't understand how Iran can be ok with this "unintentionally dropped a foreign plane with innocent people" official statement. Anyway this conflict somehow made btc to rise above $8000 and this horrific event lead to greed Title: Re: Iran/US tension's effect on crypto and economy ? Post by: Faxmate on January 11, 2020, 04:30:26 PM Who will suffer most and where will this lead our economy as wars always leads to inflation. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: Wysi on January 11, 2020, 04:54:27 PM Today Iran actually apologized for the fall of the plane and they said they unintentionally dropped it which means there was a passenger flight that was shot down by Iran and that usually is something you get consequences for. Now, nobody wants a war with Iran, not even USA because there is nothing you can make out of it, at the very best of chances you will fight with Iran, drop the president, put a puppet government there and take insane amounts of money out of Iran and into USA, however that would destabilize middle east even further and you have yourself another expensive war that you will have to pay for anyway, which means all that profit you made will go out of your pocket once again and will be for nothing. However, how nations will react to this plane thing is different, war is something else, killing innocent people is different, we have to wait out and see what nations will say about it. Specially Canada and Ukraine because they had the two of the biggest casualties. I don't understand how Iran can be ok with this "unintentionally dropped a foreign plane with innocent people" official statement. Anyway this conflict somehow made btc to rise above $8000 and this horrific event lead to greed That's really sad and painful that innocents who has nothing to do with this US/Iran tensions has to pay a heavy price as it was a cold blooded murder. Bitcoin's price depends on anything which has to do with it's adoption as well cash outs and this event turned our to be adoption event wherein people converted their stock market shares into bitcoin afraid of further escalation and stock loss. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: abhiseshakana on January 11, 2020, 05:09:01 PM If the war continues, obviously it will bring the affected country's economy down. They have to recover from the expenses, and damages that the war brought. Even in my country, there's a threat of an oil price increase. The one who will suffer are the normal citizens, not the president. It's their fight but others are the one who will suffer. I hope that this war won't get worse. War will not occur between Iran and the United States, the United States does have the largest military power in the world, but it is important to remember that military power is only used to legitimize economic power. As Iran builds a nuclear power, it does not really want to fight with all its ideologies but to support its economic growth so that it is not easily conquered by the surrounding countries. So what America does in Iran and the Middle East is only trade diplomacy strategy, after trade domination has shifted to China. In early 2019, the US Secretary of Defense said that their focus was no longer fighting terrorism but threats from two world powers namely China and Russia (https://www.bbc.com/news/world-us-canada-42752298). I conclude that America will not use terrorism instruments to enforce its military hegemony as a global police. The Middle East, China, and Russia are three war fronts, usually, American wars are only 1 to 2 fronts, but this time America is openly waging war with 3 fronts but the aim is to turn the wheel of America's economy by creating a crisis even though it is guarded against real physical warfare. In conditions ready for war like this the first thing America must do is determine who is the opponent, who is the friend. So tensions around the Middle East will benefit the United States economically because conflict and tension mean income for Americans from the sale of military weapons. While the conflict brought an economic slowdown for Iran, in addition to infrastructure damaged by the war (if war happens). Budged which should be used for development, public services, and economic wheels must be allocated to fund the war. But I think it will not have a significant impact on Cryptocurrency. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: SaShiRaJaVu on January 11, 2020, 05:55:44 PM The biggest sufferers of this conflict were families of Ukraine plane that now Iran has confirmed is shot down due to human error. War is not a good thing, those who start remain beneficiary of the war while innocent civilians lose their lives and loved ones. May peace prevails. It was a really unfortunate chain of events, US started the escalation and they countered with missile strikes and those passengers were unlucky to be at the wrong spot at the wrong time, even though they denied it was their fault initially they had the courage to reveal their mistake and this is not the first time a civilian flight is gone down due to grave errors.The price is moving up even today and it has nothing to do with the tensions in Iran i guess. It is a naturally progression in my opinion irrespective of the situation. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: Mpamaegbu on January 11, 2020, 06:05:02 PM There will no big war between Iran and USA, that is for sure. USA is in no position to take the risk for another big war in the Middle East. Certainly, the bolded (my emphasis) isn't true at all. Remember it was the US that attacked and killed the Iranian security chief first? If the US weren't prepared for war she wouldn't have hit Iran first. I believe knows it's at a disadvantaged position here with the US. So, she's going to concede that to the US and eat the humble pie.Title: Re: Iran/US tension's effect on crypto and economy ? Post by: acdc on January 11, 2020, 06:40:43 PM If the war broke out the people were the ones who suffered the most, but for the current situation I think it won't happen. More than anyone else in Iran understands that they will lose the war with the US, besides that the US does not want any more war at this time. Perhaps both sides will remain tense for a long time, but war is unlikely.
Title: Re: Iran/US tension's effect on crypto and economy ? Post by: HarmonyA on January 11, 2020, 09:21:15 PM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. I don't see any reason why Iran-US disagreement would crude oil price and crypto. These are mere speculations, In 2019, we already seen the market analysis which made some of us predict a surge in Bitcoin price. Despite this, the price surge is still not significant enough as I still expect something better. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: deisik on January 12, 2020, 08:14:17 AM Anyway this conflict somehow made btc to rise above $8000 and this horrific event lead to greed Technically, we don't know that Commentators are just making deductions and drawing conclusions, but that's simply how we like things (explained), and how our minds internally work (to explain things with plausible reasons). We are prone to look for and see causal relationships where there's only a statistical correlation or just a coincidence (remember, correlation doesn't mean causation). This is known as selling the narrative, and if you are buying it, stop doing that and think for yourself. Bitcoin is rising and falling for no apparent reason so often that you should instantly question the validity and veracity of this narrative, or any such narrative. It can be a trigger, though, but then anything can be Title: Re: Iran/US tension's effect on crypto and economy ? Post by: Polar91 on January 12, 2020, 10:18:40 AM Anyway this conflict somehow made btc to rise above $8000 and this horrific event lead to greed Technically, we don't know that Commentators are just making deductions and drawing conclusions, but that's simply how we like things (explained), and how our minds internally work (to explain things with plausible reasons). We are prone to look for and see causal relationships where there's only a statistical correlation or just a coincidence (remember, correlation doesn't mean causation). This is known as selling the narrative, and if you are buying it, stop doing that and think for yourself. Bitcoin is rising and falling for no apparent reason so often that you should instantly question the validity and veracity of this narrative, or any such narrative. It can be a trigger, though, but then anything can be This will in fact, falls to the Questionable Cause or the causal fallacy, false cause, or non causa pro causa fallacy in which people believe about a particular cause that is in fact, incorrect. For example, "Because of War, People will buy Bitcoin", which isn't proven true. But considering that market price of bitcoin increases because of the tension, these mindset of the people do actually drives the market price of bitcoin, therefore, even without proving this belief to be true, as long as there is a belief and people make an action in a form of accumulation of bitcoin, we will have a profitable market. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: alyssa85 on January 12, 2020, 01:06:59 PM Despite World War III being averted, it looks like Iranians are still panic buying bitcoin:
https://cointelegraph.com/news/bitcoin-is-becoming-more-valuable-to-iranians-amid-tensions-with-us Quote Do Iranians really believe in the power of Bitcoin? With all of the news stories recently floating on the internet that claim people in Iran are scurrying to get their hands on Bitcoin, especially in the wake of the recent geopolitical tensions that have been rising in the region, Cointelegraph reached out to Hadi Nemati, an Iranian digital currency specialist and chief operating officer of Bitfolio Capital — an open-end crypto hedge fund. He pointed out the following: “After the summer of 2019, many Iranians came to know about Bitcoin because of all the mining news and the use of electricity associated with the same which was vastly covered by various state media outlets and newspapers. Bitcoin, on a mass scale, is being seen as a speculative alternative asset and digital money.” When asked about which section of people among the local masses are actively making use of Bitcoin the most, Nemati pointed out that a threefold categorization can be made: Miners: This, in Nemati’s opinion, is the most dominant group of the three — both on an industrial and retail scale. However, miners are forced to liquidate their BTC holdings regularly in order to meet their operational costs. Investors: These individuals, as per Nemati, are mostly buying Bitcoin for long-term investment purposes and are using the asset to hedge their capital against the inflation of the Iranian rial. Additionally, in his opinion, even though Bitcoin is not as popular as many other foreign currencies or precious metals such as gold or silver, adoption has been increasing steadily in recent years. Active traders: This group operates mostly in the local crypto market — at the corporate and retail levels — because, according to Nemati, Bitcoin rarely gets used for day-to-day transactions due to a lack of infrastructure. Not only that, even the Central Bank of Iran has yet to issue clear regulatory guidelines regarding the use of digital currencies. In regard to why the popularity of BTC has surged so dramatically in Iran over the past 24 months, Cointelegraph reached out to Mahyar, a Tehran-based crypto miner and investor. He pointed out that since many Iranians do not possess international accounts, they are able to use Bitcoin as a means of receiving cross-border payments in a seamless, hassle-free manner. On the subject, Mahyar added: “People send bits to a currency exchange and receive cash. Most bits also come from farms, and the dollar revenue is very important to people. I think big companies are doing their best to avoid taxation as well.” I think Iranians getting into bitcoin mining is an interesting development. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: fiulpro on January 12, 2020, 01:25:34 PM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. Hey What I think is , this war will put stress and tension on the government , now people have to earn somehow and they will look for the alternative sources and therefore that is when the Bitcoins will come into play , since it's not controlled by the government it will be a safer option and people would be able to buy, send money online beyond borders without any difficulties , let's be honest war destroys everything therefore people are now keeping it as an alternative and it's boosting the prices , I think it's gonna be a good year for Bitcoins . People will too have an alternative they can count on. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: sana54210 on January 12, 2020, 02:07:47 PM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. You’re wrong, this situation has nothing to do with cryptocurrency. The price did go up this week to around eight thousand dollars, but today it has dropped back to seven thousand dollars, so do you still think that it has anything to do with the war? And moreover, anyone who lives in a country fighting war doesn’t care about all these things, they only care about surviving.I wouldn’t wish for the war to take place because war is a bad thing, though I don’t live in any of those countries that would be affected, but I still don’t like reading of innocent citizens being killed for no reason. Even if bitcoins would have moved to about $10k it would have been normal in the case of bitcoins because bitcoins are the most volatile currency. I can't yet think about the price change occurring due to the war amongst two of the countries. How could we relate them? Price of gold, oil or any other resources might be surely affected but it might not be the case with bitcoins. Bitcoins are a decentralized currency which does not involve in any political or global crisis. Yes, the prices might be affected if a global World-war takes place but not in the case of small wars between two or more countries. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: kaya11 on January 12, 2020, 02:51:54 PM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. Most likely all the human beings would suffer, in case escalation goes beyond and affects other countries as well. For instance they call upon their allies and then there goes another inhuman war. I was amazed though when the tension between the two country was aired, the crypto world became suddenly alive and kicking once again. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: fortunecrypto on January 12, 2020, 03:00:09 PM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. So far everything has cooled down, because in the first place Iran do not want to go to war to the US, they can just make a threat or send some missile to US bases but attacking US territories is out of the question, they do not have the weapons and the resources for that, unless a powerful country will ally to their cause, but so far none. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: heidikim on January 12, 2020, 09:54:39 PM Iran is already excluded from the world economic order. I don't expect much surge. However, a rise for bitcoin may begin. Because bitcoin is a very easy tool to carry. Every announcement of the US has a direct impact on the market.
Title: Re: Iran/US tension's effect on crypto and economy ? Post by: redsun114 on January 13, 2020, 02:50:24 AM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. If this breaks out war among the other countries also then we might see a economically poor situation in each country. Each country participating in the conflict would suffer in this case. This might not be the same situation like world war because the weapons used in those world wars were not such advanced as the weapons now are been owner by the countries.There are nuclear weapons along with some most destructive ones and on use of those weapons, each country might suffer not only economically but also physically. Any global war like situation might be fatal for the entire human race. Also each country would sell their resources in case a global war breaks out and they would convert their resources into weapons for destruction which according to me will bring global crisis and each country would suffer no matter how powerful the country is. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: Pamadar on January 13, 2020, 03:17:07 AM Iran is already excluded from the world economic order. I don't expect much surge. However, a rise for bitcoin may begin. Because bitcoin is a very easy tool to carry. Every announcement of the US has a direct impact on the market. There's impact as market reacts to every situations and since there are wealthy investors who'll going to store their money at this types of system.it affects the whole industry since this market also relied with supplies and demands, the more investment around the more the value will surge up and bring decent benefits. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: andriarto on January 13, 2020, 07:17:21 AM Iran is already excluded from the world economic order. I don't expect much surge. However, a rise for bitcoin may begin. Because bitcoin is a very easy tool to carry. Every announcement of the US has a direct impact on the market. whatever situation the US experiences will be of global concern, so that it will more or less affect the economy. and we know that Iran stores a lot of oil content, so the tension between the two will at least have an impact on oil prices. and if this tension continues there will be many investors who will look for alternative investments, and maybe bitcoin is in itTitle: Re: Iran/US tension's effect on crypto and economy ? Post by: drlukacs on January 13, 2020, 10:34:21 AM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. It is certain that the two countries that make war will affect the most and then the global. For the US, they are the largest and most concentrated economy. when something goes wrong, the other countries will be greatly affected by the American service brought a lot. So, I didn't expect war to happen, no one wanted hyperinflation, I just wished that this halving event would continue to grow and the economy should be stable.Title: Re: Iran/US tension's effect on crypto and economy ? Post by: Barbut on January 13, 2020, 11:37:08 AM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. It is certain that the two countries that make war will affect the most and then the global. For the US, they are the largest and most concentrated economy. when something goes wrong, the other countries will be greatly affected by the American service brought a lot. So, I didn't expect war to happen, no one wanted hyperinflation, I just wished that this halving event would continue to grow and the economy should be stable.As it is certain that just a couple of countries will benefit from this conflict, for me it's certain that every conflict will push people to cryptocurrencies. Cryptocurrencies and fiat are two different worlds, and for now they work together, but for how long? More people are running away from fiat to cryptocurrencies, one they there will no one left in fiat world, just politicians and banks, together with some governments. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: deisik on January 13, 2020, 11:57:07 AM More people are running away from fiat to cryptocurrencies, one they there will no one left in fiat world, just politicians and banks, together with some governments Well, as much as I would love that to be true myself, it is still mostly wishful thinking People desperately need fiat to pay for their daily expenses, and taking into account that the vast majority of the world population live paycheck to paycheck (and many of them on credit at that), they are not interested in cryptocurrencies. This is simply the way things are, whether you, me, or whoever else likes it or not We don't even know how much of the recent spike in Bitcoin's price is actually due to the showdown between Iran and America because cryptocurrencies as whole play a very small role in the global affairs, and thus are pretty insignificant in the larger picture to reach any definitive conclusion on the matter Title: Re: Iran/US tension's effect on crypto and economy ? Post by: karmamiu on January 13, 2020, 02:59:36 PM Iran is already excluded from the world economic order. I don't expect much surge. However, a rise for bitcoin may begin. Because bitcoin is a very easy tool to carry. Every announcement of the US has a direct impact on the market. whatever situation the US experiences will be of global concern, so that it will more or less affect the economy. and we know that Iran stores a lot of oil content, so the tension between the two will at least have an impact on oil prices. and if this tension continues there will be many investors who will look for alternative investments, and maybe bitcoin is in itTitle: Re: Iran/US tension's effect on crypto and economy ? Post by: uray on January 13, 2020, 05:25:17 PM More people are running away from fiat to cryptocurrencies, one they there will no one left in fiat world, just politicians and banks, together with some governments Well, as much as I would love that to be true myself, it is still mostly wishful thinking People desperately need fiat to pay for their daily expenses, and taking into account that the vast majority of the world population live paycheck to paycheck (and many of them on credit at that), they are not interested in cryptocurrencies. This is simply the way things are, whether you, me, or whoever else likes it or not People who are investing in banks can shift their savings in bitcoin if they are smart enough to do so because some countries are worse when it comes to inflation and investing in bitcoin could save their funds in the long term.We don't even know how much of the recent spike in Bitcoin's price is actually due to the showdown between Iran and America because cryptocurrencies as whole play a very small role in the global affairs, and thus are pretty insignificant in the larger picture to reach any definitive conclusion on the matter The market could have increased even if there was no tension between Iran and America as the market is close to the halving and it is time that we see some recover.Title: Re: Iran/US tension's effect on crypto and economy ? Post by: Triffin on January 13, 2020, 05:37:49 PM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. You’re wrong, this situation has nothing to do with cryptocurrency. The price did go up this week to around eight thousand dollars, but today it has dropped back to seven thousand dollars, so do you still think that it has anything to do with the war? And moreover, anyone who lives in a country fighting war doesn’t care about all these things, they only care about surviving.I wouldn’t wish for the war to take place because war is a bad thing, though I don’t live in any of those countries that would be affected, but I still don’t like reading of innocent citizens being killed for no reason. Even if bitcoins would have moved to about $10k it would have been normal in the case of bitcoins because bitcoins are the most volatile currency. I can't yet think about the price change occurring due to the war amongst two of the countries. How could we relate them? Price of gold, oil or any other resources might be surely affected but it might not be the case with bitcoins. Bitcoins are a decentralized currency which does not involve in any political or global crisis. Yes, the prices might be affected if a global World-war takes place but not in the case of small wars between two or more countries. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: alexsandria on January 13, 2020, 06:04:43 PM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. Third world countries who might be entering this potential war. If war were still going to break out, and price at significant producer were going to spike it up countries who are barely make to buy are the ones who are going to suffer more especially those who are in a heavy loans. In addition to this, crypto currency will surely be skyrocketting especially in their local exchange as the tension goes on. And it alreay happened at Iran, right? Title: Re: Iran/US tension's effect on crypto and economy ? Post by: FLoving on January 13, 2020, 06:29:02 PM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. Third world countries who might be entering this potential war. If war were still going to break out, and price at significant producer were going to spike it up countries who are barely make to buy are the ones who are going to suffer more especially those who are in a heavy loans. In addition to this, crypto currency will surely be skyrocketting especially in their local exchange as the tension goes on. And it alreay happened at Iran, right? Title: Re: Iran/US tension's effect on crypto and economy ? Post by: Yatsan on January 13, 2020, 07:22:13 PM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. This is the only time I feared the positive effect of an external factor to crypto, it could be anything but the case right now is a possible war where the world is in danger, lives are at risk and economy will be at large. I'd rather see the prices below our expectations than seeing the world fighting in war.Third world countries who might be entering this potential war. If war were still going to break out, and price at significant producer were going to spike it up countries who are barely make to buy are the ones who are going to suffer more especially those who are in a heavy loans. In addition to this, crypto currency will surely be skyrocketting especially in their local exchange as the tension goes on. And it alreay happened at Iran, right? I guess third world countries will just be in surface if they got damaged or harmed during the war. US-Iran tension escalated quickly after a consecutive strikes. The price changes in 2 weeks is a sign of massive conversion in Iran on which price of bitcoin on their local exchange is way different from ours. We could do nothing about crypto when war really breaks out.Title: Re: Iran/US tension's effect on crypto and economy ? Post by: henrybek3 on January 13, 2020, 09:19:15 PM The US owns a direct impact on bitcoin. They can give many negative explanations for Bitcoin. However, bitcoin is adversely affected. What if Bitcoin gains resistance to these statements? Control goes into the hands of bitcoin stockholders. The issue of Iran is simple. Bitcoin may increase if a war arises.
Title: Re: Iran/US tension's effect on crypto and economy ? Post by: Maslate on January 13, 2020, 11:35:03 PM The US owns a direct impact on bitcoin. They can give many negative explanations for Bitcoin. However, bitcoin is adversely affected. What if Bitcoin gains resistance to these statements? Control goes into the hands of bitcoin stockholders. The issue of Iran is simple. Bitcoin may increase if a war arises. The reality is whales are only looking for news that they could use to again manipulate the price. With that pump, they already made some big money in just a short period of time, and now that it seems silent again, price could fall again and they will again pump this, believe me, that's the trend I saw in 2018 and 2019. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: iv4n on January 14, 2020, 10:11:06 AM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. High inflation is inevitable in this year 2020, there has been too much loss and soon will be war exploits from the two sides. I feel that Iran is very angry and maybe they will retaliate a very hard blow to the American people. So keeping fiat money now is no longer a good choice, if possible we should buy gold or Bitcoin. I have noticed that recently the price of Bitcoin has been steadily increasing and Gold is falling again. We can see Bitcoin is more potential than Gold now.Keeping fiat money is not a good option at all, it was never, unless it works for you in some way, inflation always eats your fiat if you just hold it. Conflict like conflict is boosting some economies that are based on wars, US for example earning a lot from selling weapons, some others suffer, it's a never ending circle if you ask me where mostly innocent people pay the price. Bitcoin will increase popularity and price on its own, wars around the world will just speed up that process, as I said before people are tired from this shit that happens all the time somewhere in the world, and from people who earn on that, and we know who earn money from that! Title: Re: Iran/US tension's effect on crypto and economy ? Post by: Colt81 on January 14, 2020, 10:37:23 AM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. It's true that oil prices and gold have pumped up it's prices in the past few weeks due to the war between US and Iran, that is why there is a huge chances that bitcoin would also pumped up it's price if the war continues. But we should not celebrate about it because if the war really continues every country in the world will be involved and a lot of people will die.Title: Re: Iran/US tension's effect on crypto and economy ? Post by: Andrews193 on January 14, 2020, 01:18:26 PM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. It's true that oil prices and gold have pumped up it's prices in the past few weeks due to the war between US and Iran, that is why there is a huge chances that bitcoin would also pumped up it's price if the war continues. But we should not celebrate about it because if the war really continues every country in the world will be involved and a lot of people will die.Title: Re: Iran/US tension's effect on crypto and economy ? Post by: bitcoindusts on January 14, 2020, 02:07:49 PM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. It's true that oil prices and gold have pumped up it's prices in the past few weeks due to the war between US and Iran, that is why there is a huge chances that bitcoin would also pumped up it's price if the war continues. But we should not celebrate about it because if the war really continues every country in the world will be involved and a lot of people will die.Same thought here. The tension between US and Iran were just used to manipulate the market. There is no direct correlation between the current Bitcoin price movement and this so called tension. Because if it is so, why does the price of Bitcoin increase today when the situation in the middle east does not change nor the tension escalate? I believe this kind of thing is just the result of the wild imagination of writers paid by some whales to incite something in the market. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: Wexlike on January 14, 2020, 02:21:46 PM Same thought here. The tension between US and Iran were just used to manipulate the market. There is no direct correlation between the current Bitcoin price movement and this so called tension. Because if it is so, why does the price of Bitcoin increase today when the situation in the middle east does not change nor the tension escalate? I believe this kind of thing is just the result of the wild imagination of writers paid by some whales to incite something in the market. Very correct! It is the media and their experts who need to tell the audience the cause and the effect of an action, even when there is no logical correlation between them. Bitcoin would have to react much more to Trump tweets, when most of the time the market just doesn't give a fuck, until some big whale makes a splash in a direction. Title: Re: Iran/US tension's effect on crypto and economy ? Post by: agentx44 on January 14, 2020, 03:41:10 PM The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation. The world economy will surely keep on going down if ever this war takes place and surely crypto will gain positive benefits from it but I don't think it would last for long as everyone gets busy maintaining peace within their territories. Iran is one of the main source of oil for the world and this tension would surely increase the price of the oil which will affect the economy of those countries who supplies oil form Iran negatively and on the worst case scenario, shortage may take place as thirld world countries gets much poorer. |
