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Title: Would another war in the middle east affect crypto Post by: Hydrogen on January 27, 2021, 02:40:31 PM Quote 'Israel will attack Iran if US re-enters nuclear deal' The Israel Defense Forces is drawing up plans for an attack on Iran’s nuclear program, the Israel Hayom daily reported Thursday in a front-page article. The newspaper said that IDF Chief of Staff Aviv Kohavi has asked for three alternate proposals to derail Tehran’s program, without elaborating on them. It only indicated one of the proposals is a military strike, noting that such a plan would require a significant budgetary boost for the Israeli military. Iran resumed enriching uranium to 20 percent last week, well in excess of the threshold set out in its landmark 2015 nuclear deal with world powers and a short technical jump from the 90% level of enrichment needed to produce weapons. The Israel Hayom report came a day after Likud minister Tzachi Hanegbi, considered an ally of Prime Minister Benjamin Netanyahu, threatened that Israel could attack Iran’s nuclear program if the United States rejoined the nuclear deal, as US President-elect Joe Biden has indicated he plans to do. “If the United States government rejoins the nuclear deal — and that seems to be the stated policy as of now — the practical result will be that Israel will again be alone against Iran, which by the end of the deal will have received a green light from the world, including the United States, to continue with its nuclear weapons program,” Hanegbi said in an interview with Kan news. “This of course we will not allow. We’ve already twice done what needed to be done, in 1981 against the Iraqi nuclear program and in 2007 against the Syrian nuclear program,” he said, referring to airstrikes on those two countries’ nuclear reactors. Former US president Barack Obama, with incoming US President-elect Joe Biden as his vice president, signed the Iranian nuclear deal with world powers in 2015. The Trump administration withdrew from the accord in 2018 and pressured Iran with crippling economic sanctions and other measures. Obama signed the agreement despite fierce protest from Israel, and had a rocky relationship with Jerusalem and Netanyahu, while the premier and Trump have been in lockstep on most Middle East policy issues. Biden is expected to take a more conciliatory approach to Iran and has said that if Iran returns to the terms of the nuclear agreement, he too would rejoin, removing the crushing economic sanctions that have wreaked havoc on the Iranian economy over the past two years. The US president-elect has indicated that he wants to negotiate more broadly with Tehran if Washington returns to the deal, notably over its missiles and influence across the Middle East. Iran has said it could welcome the return of the Americans to the agreement, but only after they lift sanctions. It has rejected negotiation on other issues. Iran and the Trump administration have engaged in an ongoing exchange in recent months as the Trump administration draws to a close and Iran marked the one-year anniversary of the US assassination of its general Qassem Soleimani. The back and forth has included threats, military maneuvers, legal action and escalating Iranian violations of the nuclear deal. Further complicating the Biden administration’s plans to reengage with Tehran were two high profile assassinations this year in Iran that were attributed to Israel. Top Iranian nuclear scientist Mohsen Fakhrizadeh was gunned down outside Tehran in November in a hit Iranian officials blamed on Israel. In August, Israeli agents killed al-Qaeda’s second-in-command in Tehran at the behest of the US, according to a New York Times report. https://www.timesofisrael.com/report-idf-drawing-up-plans-to-strike-irans-nuclear-program/ .... Iran has come to be allied with and supported by the left wing. While israel is allied with and supported by a diminishing right. This explains why right wing Trump sided with israel. While more left wing Biden and Obama side with iran. The real danger is israel's isolation. They have their backs to the wall. Perhaps not unlike a cornered animal. One that might attack when it has no other options. Many consider gold and precious metals to be doomsday currencies which will retain their value in an apocalyptic event. But the inability to revert to precious metal based markets and infrastructure in the event of devastating natural disasters make me question the logic of this. There is no reversion to precious metal based infrastructure when nations like puerto rico are devastated by natural disasters like hurricanes. There is no historical precedent for a reversion to precious metals based economies that I know of. I truly hope war can be avoided. And that real war never occurs in anyone's lifetime. But if there was a serious war or natural disaster and you had to stake your wealth and welfare on fiat, precious metals or cryptocurrency. What would your choice be. And why. Title: Re: Would another war in the middle east affect crypto Post by: Sterbens on January 27, 2021, 03:58:02 PM So far, Biden's doing is right, where he wants to end the strife that Israel continues to cause just because of Trump's support, we all know Israel is Trump's favorite child in all its forms and types of policies. but after the change of presidency and Biden disliking Trump's policies, even Trump's position in Israel seems to have stalled halfway through. whether Iran will take advantage of this condition? clear, but for Biden it is not as easy as it is imagined to lobby the Iranian side. Obviously they will not hesitate to fight America if they block the long-running Iran project, supported by various Middle Eastern and Asian countries who are still actively involved.
Title: Re: Would another war in the middle east affect crypto Post by: masterzino on January 27, 2021, 04:06:54 PM If there is a real, full-scale war between Israel and Iran, the crypto could explode. But I don't want to see it because it will cost many lives from both sides even if the other Arab countries keep neutrality.
War is always a bad thing. Bitcoin will get to $100k in the next year or two without it. Title: Re: Would another war in the middle east affect crypto Post by: jackg on January 27, 2021, 04:40:11 PM This is a lesser of two evils problem again. Europe's stance (and most democratic nations) might be determined by Israel's stance on Palestine.
The Syrian and Iraq wars increased Iran's territory and population too so I can see why other countries would be against them as well (even more than before. A lot of the US's decisions on things normally seem to be "anything Russia doesn't want". I don't think crypto would explode quite as much so you'd suggest though, it might do but there may be strengthening in the pound and the dollar as well. Title: Re: Would another war in the middle east affect crypto Post by: Febo on January 27, 2021, 04:53:47 PM Would another war in the middle east affect crypto Nope. But it might influence a quality for living for everyone. So much more important thing than Bitcoin. Middle east is getting more and more irrelevant with every year that pass. There will be lees and less tension created by superpowers among Middle east neighbours in upcoming years. Tensions will move to South America and mainly Africa. Title: Re: Would another war in the middle east affect crypto Post by: so98nn on January 27, 2021, 05:09:53 PM I see that we are attaching strings of war with the crypto space here but that doesn’t seem to be much fair. I mean gold and other commodities is all right and that too viable when the affected war countries are larger importer or exporter. I don’t see Israel and Iran that much into the international markets and will make big difference.
Crypto on the other hand would be completely unaffected due to this news. They play very tiny role I believe. What do you guys think on this? Title: Re: Would another war in the middle east affect crypto Post by: Hydrogen on January 29, 2021, 02:00:57 AM I see that we are attaching strings of war with the crypto space here The more eyes on this. The less likely war becomes. Preventing war is usually a superior option in contrast to waging or attempting to survive war. In that sense maintaining the stability of economies and crypto markets is correlated with news stories like this one being distributed as widely as possible. It could also spur discussions on how we might create a hardened blockchain network that could survive war. So that we could continue to use bitcoin even if world war III or a natural disaster occurred. A network of hardened satellites to conduct blockchain transactions accessible by smart phones. That could survive natural disasters like earthquakes, tsunamis, hurricanes or tornados. It might also survive a world war. That could be one next level evolution of future cryptocurrencies we're searching for. Title: Re: Would another war in the middle east affect crypto Post by: Lorence.xD on January 29, 2021, 02:28:02 AM If there is a real, full-scale war between Israel and Iran, the crypto could explode. But I don't want to see it because it will cost many lives from both sides even if the other Arab countries keep neutrality. I do agree with you, Israel is the stronghold in preventing an all out war. And I do not want Iran to get into nuclear program because this defeats the purpose of Stuxnet which is a virus that destroyed their hopes of making nuclear enrichment facilities which is created by US. War will never be a good thing, the only one who will benefit is the arms dealer.War is always a bad thing. Bitcoin will get to $100k in the next year or two without it. Title: Re: Would another war in the middle east affect crypto Post by: KINVAN SUE on January 29, 2021, 03:20:28 AM Will the price of cryptocurrency have anything to do with gold or oil?
Besides, I think that the probability of a hot war is not very high now. The war greatly hindered economic development and seriously affected people's lives. Which country can benefit from the war? Title: Re: Would another war in the middle east affect crypto Post by: exstasie on January 29, 2021, 03:28:03 AM Iran has come to be allied with and supported by the left wing. While israel is allied with and supported by a diminishing right. This explains why right wing Trump sided with israel. While more left wing Biden and Obama side with iran. I would say Obama/Biden's approach is one of soft power, (https://en.wikipedia.org/wiki/Soft_power) in contrast to Trump's. I wouldn't say either of them are exactly on Iran's side. The real danger is israel's isolation. They have their backs to the wall. Perhaps not unlike a cornered animal. One that might attack when it has no other options. It's just political posturing. Israel dropping nukes on neighboring countries will bring the entire world down on Israel. They wouldn't dare. There is no historical precedent for a reversion to precious metals based economies that I know of. Maybe that's because fiat money only emerged very recently in history. Prior to that, most money was precious metal-based. I truly hope war can be avoided. And that real war never occurs in anyone's lifetime. But if there was a serious war or natural disaster and you had to stake your wealth and welfare on fiat, precious metals or cryptocurrency. What would your choice be. And why. They'll both hold their value but crypto has much more upside. Title: Re: Would another war in the middle east affect crypto Post by: Prettyjing3 on January 29, 2021, 06:57:08 AM I personally think that the impact of the war on cryptocurrencies is very small. In 2018, the Sino-US trade war led to a collective collapse of cryptocurrencies, and the outbreak of COVID-19 stimulated the growth of cryptocurrencies. Only global turmoil may affect the trading market, and small-scale wars I don’t think have this ability.
Title: Re: Would another war in the middle east affect crypto Post by: davis196 on January 29, 2021, 07:07:28 AM What's the benefit for Israel,if they start a war with Iran?
The prime minister of Isreal isn't very popular,a war might boost his rating(or it might have the opposite effect). I don't consider Iran to be a regional superpower,they have their own economical and social problems. We've all seen the rumors that Iran is using cryptocurrency to avoid the US sanctions,but is this really true? A war in the middle east won't have any major impact on the crypto industry,but there's a small possibility that such war might turn into a world war(if USA and Russia join),so the potential risk for the world economy and the crypto industry remains. Title: Re: Would another war in the middle east affect crypto Post by: Cynthiajia0 on January 29, 2021, 07:19:29 AM I don't think so, there are few people have bitcoin who living in the middle east, and following the recently news, big company and celebrites could influence bitcoin most.
Title: Re: Would another war in the middle east affect crypto Post by: Wind_FURY on January 29, 2021, 07:56:00 AM I truly hope war can be avoided. And that real war never occurs in anyone's lifetime. But if there was a serious war or natural disaster and you had to stake your wealth and welfare on fiat, precious metals or cryptocurrency. What would your choice be. And why. Bitcoin, I have bought the dips until $20,000, and I have HODLed most of it for a long time, I have no reason to stop. But if I choose to invest my Bitcoins in something else, I will buy a small piece of real estate/land. Title: Re: Would another war in the middle east affect crypto Post by: cocoladygaga on January 29, 2021, 08:01:56 AM The impact of the war in the Middle East is not as good as Musk's twitter
Title: Re: Would another war in the middle east affect crypto Post by: AngelaT34534 on January 29, 2021, 08:29:33 AM For the public, crypto is a good way for them to protect their investment during the war. So, maybe the middle east war will help the price increase, I guess......
Title: Re: Would another war in the middle east affect crypto Post by: stompix on January 29, 2021, 12:12:32 PM If there is a real, full-scale war between Israel and Iran, the crypto could explode. Yeah, and shatter into one hundred thousands piece... You people are nuts, for you everything that is bad in this world will be good for crypto, disease, wars, economic crisis. Everyone said covid will be good for crypto yet in March coins dropped like a stone what do you think will happen if war breaks out? Everyone that gets killed, loses their job, see a huge hike in every price out there will put in crypto the money he has lost? You really think that a guy who is on the verge of being penniless will put one dime into crypto so you could be happy on your gains on some obscure shitcoin you hold dear so much? For the public, crypto is a good way for them to protect their investment during the war. In how many wars have you been? Pure curiosity? A war in the middle east won't have any major impact on the crypto industry,but there's a small possibility that such war might turn into a world war(if USA and Russia join),so the potential risk for the world economy and the crypto industry remains. Do you believe there is a chance bigger than 0.0 for Russia to go to war against the US over Iran? Let's be serious. Title: Re: Would another war in the middle east affect crypto Post by: Wind_FURY on January 30, 2021, 09:24:11 AM If there is a real, full-scale war between Israel and Iran, the crypto could explode. Yeah, and shatter into one hundred thousands piece... You people are nuts, for you everything that is bad in this world will be good for crypto, disease, wars, economic crisis. Everyone said covid will be good for crypto yet in March coins dropped like a stone what do you think will happen if war breaks out? Everyone that gets killed, loses their job, see a huge hike in every price out there will put in crypto the money he has lost? You really think that a guy who is on the verge of being penniless will put one dime into crypto so you could be happy on your gains on some obscure shitcoin you hold dear so much? For the public, crypto is a good way for them to protect their investment during the war. In how many wars have you been? Pure curiosity? A war in the middle east won't have any major impact on the crypto industry,but there's a small possibility that such war might turn into a world war(if USA and Russia join),so the potential risk for the world economy and the crypto industry remains. Do you believe there is a chance bigger than 0.0 for Russia to go to war against the US over Iran? Let's be serious. To be serious? I believe the only “World War” within 20 years possible is between the United States and China. Once the U.S. military is threatened with China’s growing military and they move to take over as “The Super Power”, a war would be in the inevitable in my opinion. Or a higher probability of more than 50%. Title: Re: Would another war in the middle east affect crypto Post by: Kakmakr on January 30, 2021, 11:55:06 AM Well any political instability will cause global traders to start looking for some safe havens and we know some traders see Bitcoin as a Safe haven, so I would say.. yes... it will happen.
That said.... not a lot of institutional traders see Crypto currencies as a Safe haven, so they will rush to buy traditional safe havens like Gold and Silver. Bitcoin is a bit too volatile for professional traders to take it serious as a "safe haven" ...but they will speculate with it as a short term high risk investment. ;) Title: Re: Would another war in the middle east affect crypto Post by: kryptqnick on January 30, 2021, 12:15:00 PM Firstly, I don't think this war will happen. Right now, the world economy is declining and the US continues to lose money due to the pandemic, so putting lots of money into a war in a time like this is not something that would gain enough support. Secondly, even if the war happens, I don't think Bitcoin would be impacted, not in the long-term anyway. Bitcoin recovered from the pandemic announcement within months, and I think a war in the Middle East is not something that could have more impact than that.
Title: Re: Would another war in the middle east affect crypto Post by: DrBeer on January 30, 2021, 12:33:06 PM I don't know if the crypt will become more expensive, but it's probably worth talking about the root causes and "gray cardinals" in more detail. Do you really think that Iran on its own, without additional, outside help, will show aggression and attacks towards Israel? Iran alone does not have the ability to confront Israel, provided that we understand very well that the United States will clearly support Israel. Therefore, I recommend thinking about who needs destabilization in the region and creating problems for the state, which is not only fighting for its survival, but also for some kind of stability in the region.
Draw a broken line on the map between, for example, Haifa, Mosul, Nakhichevan. Tell me what do you see? And if on the right these lines are zones of instability, hostilities, terrorist attacks? What can't be done? Think GLOBALLY Title: Re: Would another war in the middle east affect crypto Post by: Lucius on January 30, 2021, 01:31:36 PM Do you believe there is a chance bigger than 0.0 for Russia to go to war against the US over Iran? Let's be serious. If, by any chance, Israel were to attack Iran (and I don’t think that’s a realistic option at all), I’m sure Iran wouldn’t be left without the help of its allies, and I mean China and Russia in the first place. Although Iran is under sanctions, China and Russia have no reason to enforce those sanctions, when they themselves are victims of something similar. Iran and China have quietly drafted a sweeping economic and security partnership that would clear the way for billions of dollars of Chinese investments in energy and other sectors, undercutting the Trump administration’s efforts to isolate the Iranian government because of its nuclear and military ambitions. The partnership, detailed in an 18-page proposed agreement obtained by The New York Times, would vastly expand Chinese presence in banking, telecommunications, ports, railways and dozens of other projects. In exchange, China would receive a regular — and, according to an Iranian official and an oil trader, heavily discounted — supply of Iranian oil over the next 25 years. If, in any case, a war occurs, it will all depend on whether it is of a local character or whether large military forces are actively involved in it. The US considers Israel one of its greatest allies and will always defend its interests, but I do not believe that they will ever take part in an open war against Iran - because when they go to war, they choose much weaker opponents. The only ones who profit from wars are arms manufacturers and distributors, so if someone really thinks there will be a war in the future, don't worry too much about cryptocurrencies or gold - if nuclear bombs start to fly through the air, nothing will matter. Title: Re: Would another war in the middle east affect crypto Post by: Casdinyard on January 31, 2021, 01:14:13 PM I think it would more likely affect people in that area which are involved in this technology, perhaps investors. But I doubt it will affect this industry in general. My proof to this is this pandemic when it has just started. Many people are assuming that it will negatively affect the market but no thing's really been affected except for those people in China who were highly affected by lock downs, but still no thing's severe. Although these are two different situations, I think the result will be somewhat having similarities because both problems are assumed to affect areas within the problem.
Title: Re: Would another war in the middle east affect crypto Post by: bluebit25 on January 31, 2021, 01:32:30 PM Certainly it will have a strong impact on the economy in the war-affected country, I have seen it happen when small civil wars in my country and people look to new places to keep their properties. So I think if war happens then the price of bitcoin will skyrocket within the IRAN itself and Israel, but hopefully it won't.
Title: Re: Would another war in the middle east affect crypto Post by: Coyster on January 31, 2021, 02:32:46 PM The level of the war will also determine the impact it will have on crypto and other Investments, if it's a war between just two countries, then there'll definitely be a plunge, but it's highly improbable that there could be a war between just two countries, as allies of both parties are always bound to join in that battle and make it a full blown war.
Having said that, a war is really marked with destruction, and in the event it happens in major world power nations, then crypto would plunge massively, as well as other investments, it's people who pump money into these things that makes it grow and continues to appreciate, in a war, only one thing comes to mind, and that's survival. An economic plunge, printing more money etc, can affect crypto positively, but I think a war is too extreme, and could severely harm the currency. I wouldn't even try to put my money into anything in an event of a war, I'd be worried only about staying alive. Title: Re: Would another war in the middle east affect crypto Post by: slapper on January 31, 2021, 02:46:31 PM Bitcoin has long become a part of the financial which means it can be affected by multiple occurrences happening globally. And if bitcoin is affected, it is certain that other cryptos will walk the same path. None crypto can survive when bitcoin is being struck. However, in my opinion, such wars only have positive affect on the price of bitcoin because people will choose it as a type of safe havens helping them to keep their money safe. Thus, the bitcoin' price can surge strongly under this circumstance.
But in my opinion, governments from around the world always try to avoid any war because they understand that wars do not bring more economic advantages. Only blood and devastation are created by war. Therefore, war is unlikely to happen in the near future, especially in the middle east Title: Re: Would another war in the middle east affect crypto Post by: southerngentuk on January 31, 2021, 03:09:20 PM After the wars, people started to go back into the economic recovery phase, I know this from countries that suffered from war, and it took them many years to live in peace average, and it would be bad if war happened. I don't know what it will be like because looking at these two countries I have a feeling of fear about their weapons, it's really too dangerous for me to think, if war breaks out those weapons will use on humans. Once the war breaks out I won't care much about the price, I'll just pray for everyone's peace.
Title: Re: Would another war in the middle east affect crypto Post by: DrBeer on January 31, 2021, 05:19:54 PM Do you believe there is a chance bigger than 0.0 for Russia to go to war against the US over Iran? Let's be serious. If, by any chance, Israel were to attack Iran (and I don’t think that’s a realistic option at all), I’m sure Iran wouldn’t be left without the help of its allies, and I mean China and Russia in the first place. Although Iran is under sanctions, China and Russia have no reason to enforce those sanctions, when they themselves are victims of something similar. Do you really think China has such goals? :) China dreams of restoring / expanding its status, the status of a center of influence in Asia! China is now very important to the maximum weakening of Russia, the same Iran, India. The first one is a resource appendage of China, historical Chinese territories - to support patriotism (Siberia is ours!). Iran is the center of destabilization in the region. India is a real competitor in many areas. And it goes without saying that he is categorically not interested in resisting in a showdown with the United States, in spite of some ideological confrontation. China is the east, and the east has always been logical, smart and cunning! Title: Re: Would another war in the middle east affect crypto Post by: BrewMaster on January 31, 2021, 05:35:50 PM don't worry these two countries have been "planning" to attack each other and wipe each other out for 40 years now. it is all hot air and neither one is capable of attacking the other specially not Israel with their silly airstrike plan which even a child can see is impossible.
besides Middle East has been at war for a very long time now thanks to US and it hasn't affected crypto so far, why should a new war change that? Title: Re: Would another war in the middle east affect crypto Post by: The Sceptical Chymist on January 31, 2021, 06:48:49 PM I doubt even a serious world event like this would affect bitcoin in a significant way (though I could be very wrong), and I say that because the world has seen a lot of shit since bitcoin was born and none of it seems to drive its price up or down.
The only way some political tensions could affect bitcoin would be if it put fiat currency in trouble--but that's already happening with the rampant money printing and stimulus checks that someone at some point is going to have to pay for. That's the reason why big companies like MicroStrategy are buying BTC instead of holding cash, and to me it looks like that buying did indeed have a huge effect on bitcoin's price. I'm hoping Biden isn't a warmonger. If I can't say anything else positive about Trump, I can at least say he wasn't out to start wars. Title: Re: Would another war in the middle east affect crypto Post by: BrewMaster on January 31, 2021, 06:59:06 PM I'm hoping Biden isn't a warmonger. If I can't say anything else positive about Trump, I can at least say he wasn't out to start wars. they are all warmongers, the problem is that there aren't any weak countries left to invade and start a war with. they are either already under US invasion such as Iraq, Afghanistan, .... or they are already being milked dry like UAE or they can punch back hard. so each US president for the foreseeable future has to continue the existing wars like what Trump did despite him and his team trying so hard for at least 2 years to start a new war in M.E. Title: Re: Would another war in the middle east affect crypto Post by: jacafbiz on January 31, 2021, 07:15:50 PM Would another war in the middle east affect crypto Nope. But it might influence a quality for living for everyone. So much more important thing than Bitcoin. Middle east is getting more and more irrelevant with every year that pass. There will be lees and less tension created by superpowers among Middle east neighbours in upcoming years. Tensions will move to South America and mainly Africa. I do agree with this, the influence that middle East has is diminishing in the world, with the world moving more towards green energy now, what happen in the Middle-East will likely remain regional issue IMO. As for Crypto, if you are talking about Asia, I will say it is going to affect Crypto greatly but not Middle East because not much money is entering the space from that part of the world Title: Re: Would another war in the middle east affect crypto Post by: hatshepsut93 on January 31, 2021, 07:46:48 PM Let's look at covid - the initial market panic made Bitcoin drop 50%, then both it and stocks recovered and entered a bull run, likely for different reasons, but still. Bitcoin is now viewed as an insurance against inflation caused by covid's damage to the economy.
If a war would have similar effects to covid on the economy, you could expect some growth, but for that to happen major powers like US and China need to be significantly involved, and that would make this war very risky because of the nuclear threat, and you don't want to hold Bitcoin in a nuclear apocalypse. But realistically, such war would only be a local one, with big powers only providing aid to the fighting countries. So in this case Bitcoin won't be affected. Title: Re: Would another war in the middle east affect crypto Post by: Twentyonepaylots on January 31, 2021, 09:59:26 PM If countries who are big contributors on bitcoin's growth participate in this war, then there will be issues in bitcoin's price yet again, people will panic sell and due to that, the price will drop drastically. Plus not to mention if this war goes on a global scale, internet will not become as readily available as it is right now, so everyone would have a problem accessing it and bitcoin will undergo a temporary or a permanent, depending on the situation, paradox of value.
Title: Re: Would another war in the middle east affect crypto Post by: CODE200 on January 31, 2021, 10:17:21 PM If countries who are big contributors on bitcoin's growth participate in this war, then there will be issues in bitcoin's price yet again, people will panic sell and due to that, the price will drop drastically. Plus not to mention if this war goes on a global scale, internet will not become as readily available as it is right now, so everyone would have a problem accessing it and bitcoin will undergo a temporary or a permanent, depending on the situation, paradox of value. Indeed. Maybe it will just depend on the areas which will be affected by this war, if such thing will happen. Participation of other countries are always considered when it comes on measuring its damages to economies. Another thing is that, if one country is having huge contributions to cryptocurrency industry, and something happened, there is a possibility of a counterpart in this industry as well. It is just hard to determine at this moment because eversince WWII, no war has been globally devastating and most of the time, countries involved are only having areas of direct devastation, and not the whole country itself. Title: Re: Would another war in the middle east affect crypto Post by: error08 on January 31, 2021, 10:37:48 PM If war occurs it is likely to have a negative impact on the economy of a region or the country depending on the scale of the war, then the value of the currency can be worth nothing, bitcoin and gold may be the best option to transact which gold can be used locally and bitcoin for an international transaction. However, if a nuclear war occurs, then there is no point to store bitcoin as the internet connection will be lost there, it's better to use gold in that case, but the most important thing is to survive and meet basic food needs.
Title: Re: Would another war in the middle east affect crypto Post by: jjdub7 on February 01, 2021, 03:28:45 AM It will pump the Bitcoin price because both sides will look for a way to preserve the value of fiat.
But I don't like wars. There are many peaceful ways to increase the Bitcoin value, like projects, deeper business blockchain integration, disrupting industries as insurance and freight, and bringing more people. Just name it. Title: Re: Would another war in the middle east affect crypto Post by: stompix on February 01, 2021, 10:27:05 AM Do you believe there is a chance bigger than 0.0 for Russia to go to war against the US over Iran? Let's be serious. If, by any chance, Israel were to attack Iran (and I don’t think that’s a realistic option at all), I’m sure Iran wouldn’t be left without the help of its allies, and I mean China and Russia in the first place. Although Iran is under sanctions, China and Russia have no reason to enforce those sanctions, when they themselves are victims of something similar. Have they done something for Serbia? Have they done something for Irak? For Afghanistan? Nope, and they won't be entering a war for Iran, especially Russia. Russia will be more than happy to see Iran under complete sanctions or its entire oil production go bust because Russia needs high oil prices, that's why it wants to trigger as much shit as possible in that region, for them Iran managing to sell as much oil as Saudi Arabia is a nightmare. China? China will not go to war anywhere but near to its own borders, if war breaks out trade goes down, and they are dependent on it, they will not enter a war in which they have a lot of problems separating allies from foes and translating all of it into exports and imports. Unfortunately for Iran when war will come, as I highly doubt it will be in the years to come they will find out they are alone, alone with no allies and nobody wanting to risk anything for them. Title: Re: Would another war in the middle east affect crypto Post by: Mauser on February 01, 2021, 11:08:37 AM Well any political instability will cause global traders to start looking for some safe havens and we know some traders see Bitcoin as a Safe haven, so I would say.. yes... it will happen. That said.... not a lot of institutional traders see Crypto currencies as a Safe haven, so they will rush to buy traditional safe havens like Gold and Silver. Bitcoin is a bit too volatile for professional traders to take it serious as a "safe haven" ...but they will speculate with it as a short term high risk investment. ;) A flight into safe asset could definitely happen if a new war starts. I think it all depends on how large the war is going to be, only Iran vs Israel? Who would join in of the other countries. If Israel starts the war it might be hard to find allies, especially now with Biden in the white House. As long as its only a minor regional conflict bitcoin shouldn't be too much affected. Title: Re: Would another war in the middle east affect crypto Post by: kpierce77 on February 01, 2021, 11:45:27 AM War is always bad and must be avoided at all costs. According to my understanding, the conditions of war were very chaotic conditions for a certain period of time. Crypto is freedom and will be very useful in situations where a region is isolated or in conditions that do not allow the economy to run. on the other hand Gold has a value which has a form and can be seen with the eye. In that case, I think gold will be more valuable and more reliable than crypto or fiat. gold also has a value that is recognized by almost everyone in the world, so in my opinion if a situation of some kind of war or natural disaster occurs and you can only keep a few wealth, then gold is a wise choice.
Title: Re: Would another war in the middle east affect crypto Post by: DrBeer on February 02, 2021, 12:46:43 PM War is always bad and must be avoided at all costs. According to my understanding, the conditions of war were very chaotic conditions for a certain period of time. Crypto is freedom and will be very useful in situations where a region is isolated or in conditions that do not allow the economy to run. on the other hand Gold has a value which has a form and can be seen with the eye. In that case, I think gold will be more valuable and more reliable than crypto or fiat. gold also has a value that is recognized by almost everyone in the world, so in my opinion if a situation of some kind of war or natural disaster occurs and you can only keep a few wealth, then gold is a wise choice. War is very bad. But the problem is that if you and your country become a victim of aggression, then you need to understand that everything is very primitive here - either you win or you lose. The third option is not given. The war of independence from the invader / occupier must be won. Another question is how? Conducting direct combat confrontation, subject to the enemy's superiority, is very costly and ineffective. For weak countries (this is not a shame - most countries, from the point of view of local armies, are weak against the background of, for example, the United States, China, Britain). Therefore, such countries become members of military-political blocs such as NATO. Whoever can benefit from war is countries with a totalitarian government that are on the path of degradation and collapse. This "raises" the level of "patriotic sentiment", and the population of the aggressor country has an answer to the question "why do we live so badly? After all, there are enemies around, we are at war with them! We need to be patient!" There were also empires whose one of the goals was to enslave as many territories as possible, but they disappeared into history ... Title: Re: Would another war in the middle east affect crypto Post by: BrewMaster on February 02, 2021, 02:48:17 PM Unfortunately for Iran when war will come, as I highly doubt it will be in the years to come they will find out they are alone, alone with no allies and nobody wanting to risk anything for them. you are correct. actually about 40 years ago the war did come to Iran and they did have no allies, it was the early year after the Iranian revolution and they didn't even have any military either. all their equipment was also western made and they couldn't even fix an engine if it broke down and those countries had abandoned Iran. suddenly Iraq thought it could take advantage of the situation and take half of Iran. yet Iranians fought the invaders who were backed by super powers such as US and other European countries that were supplying them all kinds of weapons including chemical bombs which were used on civilians. they defended their land for 8 years with 2 last years of it spent in direct conflict with US forces. half a million people died in that war and yet Iranians didn't even give up an inch of their home to these invaders. the new war will be different because now Iran has a strong military capable of mobilizing at least 2.5 million with an addition of 35 million fit to fight. it is technologically advanced enough to go toe to toe with supper powers. i said this to tell you that war is a complicated thing. a losing Iran may not receive any help but a winning Iran that wasn't the starter of the war and is just defending and successfully at that will receive support from those two big allies. but those allies aren't the only allies Iran has. they have strong ties with half of middle east. Title: Re: Would another war in the middle east affect crypto Post by: TheGreatPython on February 02, 2021, 03:06:37 PM I truly hope war can be avoided. And that real war never occurs in anyone's lifetime. But if there was a serious war or natural disaster and you had to stake your wealth and welfare on fiat, precious metals or cryptocurrency. What would your choice be. And why. Lol I too hate war and I don’t like talking about it itself. Anyway, if there should be a war like that between these two countries you have mentioned, I don’t think that Bitcoin is going to be affected, even the gold will likely not be affected, but the fiat of these two countries might be affected and might lose value depending on how long the war should carry on.And that means a lot of rich guys there will definitely be looking for other assets that they will switch to so that they don’t lose their money.Anyway, I am not hoping for any of that to happen, war is very bad and even innocent children will be affected. Title: Re: Would another war in the middle east affect crypto Post by: iv4n on February 02, 2021, 04:14:28 PM I saw some interesting tweet, it's going like this: "That dispute between Wall Street and Robinhood is pushing people towards decentralized markets...Bitcoin will be only winner in that war"! I see some correlation with this topic, and all other similar topics... disputes between governments and bankers will push people to decentralized market, Bitcoin will be the winner! I think people are sick from that shit, all that war shit around... we want to live normal lives...
I am with all good people from the Middle East and the entire world, and I am against bad people! And I am sure there are good people there, they just got stuck because of some shitty politics and bad people, but not only from that region, from the entire world, because we all know that many bad people from many countries are involved in that mess! I would say like always! Let's not talk about another war like it's nothing, or it's just one more war...it's not nice when people die, when everything around is falling apart! It's 21st century, we are all people...we can live together in peace! And there's enough for everyone! Title: Re: Would another war in the middle east affect crypto Post by: slapper on February 03, 2021, 12:40:15 PM War is always bad and must be avoided at all costs. According to my understanding, the conditions of war were very chaotic conditions for a certain period of time. Crypto is freedom and will be very useful in situations where a region is isolated or in conditions that do not allow the economy to run. on the other hand Gold has a value which has a form and can be seen with the eye. In that case, I think gold will be more valuable and more reliable than crypto or fiat. gold also has a value that is recognized by almost everyone in the world, so in my opinion if a situation of some kind of war or natural disaster occurs and you can only keep a few wealth, then gold is a wise choice. I agree with you that war is as awful as it seems and no one wants to be a part of a war. But the world is shifting from physical to digital where cryptocurrency, online payment and Internet are more valuable because of having more advantages over gold. Gold value can be formed for a long time ago but things can probably change in just a few years in the 21st century. Im not saying gold is a bad choice. Many people of course see gold as a better safe haven than cryptocurrency. But to me, bitcoin has replaced gold for a long time a ago. Traditional has lost the battle with innovation. Keeping bitcoin gives me both safety and profit. Not many asset have the same edges like bitcoin. Think about that Title: Re: Would another war in the middle east affect crypto Post by: habo8 on February 03, 2021, 01:10:12 PM First of all, before going to crypto, we have to know that can a war be happen in such new world. I think it is quite impossible because today countries are involved in cold war so much as they do not need any other option of war in the battlefield.
Title: Re: Would another war in the middle east affect crypto Post by: stompix on February 03, 2021, 01:53:25 PM Unfortunately for Iran when war will come, as I highly doubt it will be in the years to come they will find out they are alone, alone with no allies and nobody wanting to risk anything for them. you are correct. actually about 40 years ago the war did come to Iran and they did have no allies, it was the early year after the Iranian revolution and they didn't even have any military either. all their equipment was also western made and they couldn't even fix an engine if it broke down and those countries had abandoned Iran. <> the new war will be different because now Iran has a strong military capable of mobilizing at least 2.5 million with an addition of 35 million fit to fight. it is technologically advanced enough to go toe to toe with supper powers. Two things wrong with this. Iran had received 70 F-14, those were net superior to anything the Iraq airforce had until they managed to get Mirage fighters and some newer Migs. For a while, they fought with far better equipment than Iraq. Now, it's exactly the opposite. They have some leftovers F14, F5(lol), MirageF1 (out of production), J-7 (chinese M21) a few SU24, and finally something that is worth fueling between 30 and 40 Mig 29. Toe to toe with superpowers? Are you going to put 30-40 fighters (the only ones in their arsenal who are fighters and not multirole or ground attack) against 300 F14 and F15 and on top of that 24 F35? (That's just what Israel has) One single carrier from the US holds more battle-ready aircraft than Iran has. Remember that nobody will want to conquer Iran, just trash their army and in this case, the numbers of soldiers don't matter, the war will be over without a boot on the ground, the regime will collapse as it is already pretty much eroded from all the tension right now, this will be over in the way the Serbian war was, and everybody in Iran knows that all they do is trying to bluff. But again, nothing is going to happen, although all of them are angry at each other in the middle east they like keeping it like that, more players on the map mean more chances of everyone being worried about what the others would do and thus refrain from doing stupid stuff and without a clue how the US will tackle for at least 4 years the problems in the region they will all be just shouting and not shooting, fortunately! It's 21st century, we are all people...we can live together in peace! And there's enough for everyone! Not this century, maybe the next one! Look how hard it was to finally bring peace in Europe and we had way fewer issues between us than what other countries have right now. First of all, before going to crypto, we have to know that can a war be happen in such new world. I think it is quite impossible because today countries are involved in cold war so much as they do not need any other option of war in the battlefield. We just had a war three months ago between Azerbaijan and Armenia, d'oh! Title: Re: Would another war in the middle east affect crypto Post by: SaShiRaJaVu on February 03, 2021, 02:02:57 PM I truly hope war can be avoided. And that real war never occurs in anyone's lifetime. But if there was a serious war or natural disaster and you had to stake your wealth and welfare on fiat, precious metals or cryptocurrency. What would your choice be. And why. I am not fully aware of the situation between Iran and Israel but one thing is certain that Israel will not go against US and attack Iran as it will be a disaster they cannot handle. If there is a serious war or a natural disaster the first thing to do is to save yourself and your family and the rest becomes secondary :P.If you are holding some of your wealth in cryptocurrency during these times, the only thing you need to remember is the password to your wallet and it is the best option during these time. Title: Re: Would another war in the middle east affect crypto Post by: Renampun on February 03, 2021, 09:27:52 PM The impact of the war in the Middle East is not as good as Musk's twitter *OK, you're 100 percent right...the war in the middle east is an eternal war that will never stop until whenever. btw, I don't really care about wars in the Middle East because usually, it's just a case of fighting over land and oil rights, and believe me it will have no impact on crypto prices. Title: Re: Would another war in the middle east affect crypto Post by: Fatunad on February 03, 2021, 10:49:47 PM The impact of the war in the Middle East is not as good as Musk's twitter *OK, you're 100 percent right...the war in the middle east is an eternal war that will never stop until whenever. btw, I don't really care about wars in the Middle East because usually, it's just a case of fighting over land and oil rights, and believe me it will have no impact on crypto prices. There's no correlation about wars and bitcoin market.Come to think on what happened when we do suffer on this covid 19 pandemic? There might be some declines but doesnt mean that this had be the reason on such dump because price can move without any viable reason.Same goes into these kind of fundamentals where wars wont really be significant that could really affect bitcoins price or the entire crypto market.So its not really that a serious matter for you to mind off if you do plan to make use of it or including into those fundamentals. Title: Re: Would another war in the middle east affect crypto Post by: AndySt on February 03, 2021, 11:07:54 PM There's no correlation about wars and bitcoin market.Come to think on what happened when we do suffer on this covid 19 pandemic? There might be some declines It all depends on the size and importance of the belligerents. In fact, some correlation can be traced, another question is that the Middle East is so mired in wars in the last decade that the continuation of the ongoing wars no longer has a significant impact on the markets. In this situation, the opposite can happen exactly the opposite, when the war stops and thanks to this, an additional amount of oil enters the market and, accordingly, there are movements in the market.but doesnt mean that this had be the reason on such dump because price can move without any viable reason.Same goes into these kind of fundamentals where wars wont really be significant that could really affect bitcoins price or the entire crypto market.So its not really that a serious matter for you to mind off if you do plan to make use of it or including into those fundamentals. |