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Bitcoin => Bitcoin Discussion => Topic started by: coinmanhere on March 01, 2022, 01:33:43 PM



Title: Why bitcoin is going up during war?
Post by: coinmanhere on March 01, 2022, 01:33:43 PM
Ok first of all I have really given up on trying to understand bitcoin behaviour, I remember so called experts said that bitcoin will touch 100k by the end of 2021 and we all know how much accurate that prediction comes out to be, then there is El Salvador we thought it will touch sky after El Salvador made it legal tender but it crashed.

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?


Title: Re: Why bitcoin is going up during war?
Post by: mk4 on March 01, 2022, 02:19:50 PM
Why are you listening to these so called "experts" in the first place? If I could accurately predict markets, I'd be a billionaire in a nice beach with some blackjack and hookers, not posting on forums and social media.

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?
Could literally be anything. Write these down on a piece of paper and throw a dart at it:

- whales buying
- institutional investors buying
- Russians buying
- Ukranians buying
- aliens buying
- Tupac Shakur buying


Title: Re: Why bitcoin is going up during war?
Post by: Questat on March 01, 2022, 02:37:02 PM
Ok first of all I have really given up on trying to understand bitcoin behaviour, I remember so called experts said that bitcoin will touch 100k by the end of 2021 and we all know how much accurate that prediction comes out to be, then there is El Salvador we thought it will touch sky after El Salvador made it legal tender but it crashed.

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?
Not that trying but you need to understand that the market will certainly be like this and you know what, it is very exciting to see how experts will speculate the market make newbies get fooled.
I'm not going to believe how these experts will say, not even one of them had made it right. Of course, you can see the market seem growing despite the war and that was because they are not connected nor do these countries Russia and Ukraine influence the market, no and they are not.


Title: Re: Why bitcoin is going up during war?
Post by: pawanjain on March 01, 2022, 02:46:19 PM
Ok first of all I have really given up on trying to understand bitcoin behaviour, I remember so called experts said that bitcoin will touch 100k by the end of 2021 and we all know how much accurate that prediction comes out to be, then there is El Salvador we thought it will touch sky after El Salvador made it legal tender but it crashed.

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?

The bank accounts of Russians and people of Ukraine are being frozen and they don't have any better option than to use bitcoin.
May be this is why bitcoin is increasing since last few days. I think the news definitely has some role to play in the current spike of bitcoin price.
One funny I heard was that Ukraine has bought a huge missile using bitcoin although I don't think it is true.
There may be many catalyst to current increase in price of bitcoin.


Title: Re: Why bitcoin is going up during war?
Post by: NeuroticFish on March 01, 2022, 02:48:45 PM
Ok first of all I have really given up on trying to understand bitcoin behaviour, I remember so called experts said that bitcoin will touch 100k by the end of 2021 and we all know how much accurate that prediction comes out to be, then there is El Salvador we thought it will touch sky after El Salvador made it legal tender but it crashed.

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?

1. When you want to flee with your wealth, Bitcoin is easier to carry than gold.
2. When your currency value plunges badly, you may want to spend it for basically any investment you can, especially one that has a chance for not getting restricted.
3. Various traders seize the opportunity for speculation.
4. Bitcoin was going down for quite some time, it's about time for a reversal/recovery.


PS. Never take into account the short term price movements, speculators may trick you; never believe anyone's price prediction, they don't have a crystal ball.


Title: Re: Why bitcoin is going up during war?
Post by: songchunlai on March 01, 2022, 03:02:22 PM
Demand determines the price, and people are donating to their home countries. Bitcoin is a convenient route.


Title: Re: Why bitcoin is going up during war?
Post by: dkbit98 on March 01, 2022, 03:14:22 PM
And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?
People are looking for something stable in times of war, and for some people it may sound strange at first they why would they choose Bitcoin that is very volatile.
You can't move gold or other hard assets out of your country or region so easy or it's almost impossible, and for Bitcoin you only need to have piece of paper with seed words or remember them if you can.
When you cross the border or enter safe zone with internet you will have full access to you funds, that is obvious advantage of Bitcoin.
You can't fo that with gold, and your domestic paper currency may be worthless in other countries.
Simple conclusion, people buy more Bitcoin and price goes up.
 


Title: Re: Why bitcoin is going up during war?
Post by: coinmanhere on March 01, 2022, 03:23:14 PM
Yeah what I am sort of realised of sudden spike might be because of Ukrainians and who knows Russians too. I had heard that before too that the sudden attitude of Russia was charged towards bitcoin as they started seeing it as alternative to sanctions. And now it might be more true as Russian civilians will be affected by it more so they might come running at crypto. But who knows just few minutes after this post there might be a flash crash. And by the way it is already going down.

But the most convincing argument was by mk4 it is most likely aliens  :D


Title: Re: Why bitcoin is going up during war?
Post by: Lucius on March 01, 2022, 03:23:45 PM
...then there is El Salvador we thought it will touch sky after El Salvador made it legal tender but it crashed.

Why would El Salvador be so important as to cause a price explosion? People simply inflated the whole story as if Bitcoin had become a legal tender in the US or the EU, and not in a country that most don't even know how to find on a world map. Bitcoin has become part of the world's markets, and mostly follows them in the direction they are moving - and as we know the world is not doing well in recent months.

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?

How much truth there is in the rumors that Ukrainians and Russians are buying Bitcoin en masse I can't say, but I wouldn't say that millions fleeing or fighting have time for such things, although some say the volume of crypto trading in those countries has increased. Yet if you look at the past 2 months, it is clear that we have had almost identical jumps and falls in price, and that the current situation may have nothing to do with the war.

https://i.imgur.com/UaTygrx.png


Title: Re: Why bitcoin is going up during war?
Post by: avikz on March 01, 2022, 03:30:29 PM
Ok first of all I have really given up on trying to understand bitcoin behaviour, I remember so called experts said that bitcoin will touch 100k by the end of 2021 and we all know how much accurate that prediction comes out to be, then there is El Salvador we thought it will touch sky after El Salvador made it legal tender but it crashed.

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?

When an asset price goes up, it usually means that demand has increased for that particular asset. Also it is pretty much self explanatory why bitcoin price is going up during a war. It means people are buying bitcoin for various reasons.

The value of Rubble has been decreased to a great extent. So it makes sense for Russians to buy bitcoin. Ukraine is not sure how their finances will work out once Russia fully takes them over, so they are buying bitcoin. These buying pressure is creating demand and increasing the price.


Title: Re: Why bitcoin is going up during war?
Post by: hd49728 on March 01, 2022, 04:02:54 PM
Because there are fundamental factors to support Bitcoin.

Inflation in all nations because of pandemic and money printing, QEs from governments, central banks.
War and sanctions in long term will cause more inflation.
More financial and economic issues over the world.

It's time for Bitcoin because the whole world is on the verge of bailout, not the first time.


Title: Re: Why bitcoin is going up during war?
Post by: kentrolla on March 01, 2022, 04:04:37 PM
First of all understand that noone can predict about Bitcoin and gone are those days when people used to belive in experts or influencer's because these so called experts as they just predict based on market momentum which fails most of the time.

Coming back to your question it depends on so many factors and market has been in correction phase for an extended phase and rise or drop was supposed to happen and it has moved towards positive way and also there has been more demand since the war broke out as both Russia and Ukraine are relying on crypto for their own purpose one using it for donation and other one to bypass sanctions which has given much needed boost to bitcoin.


Title: Re: Why bitcoin is going up during war?
Post by: hyudien on March 01, 2022, 04:07:38 PM
Ok first of all I have really given up on trying to understand bitcoin behaviour, I remember so called experts said that bitcoin will touch 100k by the end of 2021 and we all know how much accurate that prediction comes out to be, then there is El Salvador we thought it will touch sky after El Salvador made it legal tender but it crashed.

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?

Who is the expert in your statement?
In fact, it's always been said that nothing is 100% correct and nothing is really 100% accurate. Don't know for sure, Bitcoin moves according to supply and demand in a long or short time span and that's natural. It could be that when the war declines, that's when many are ready to pocket more Sats. While on the other hand there are not a few who panic to sell, the mental game is actually being tested here. While everyone is starting to worry about the impact of a sharp decline, there are also those who are ready to wait for your sell below the correction line.

Are you following the whales or are you following the game in the market? always prepare 2 baskets in anticipation.


Title: Re: Why bitcoin is going up during war?
Post by: seoincorporation on March 01, 2022, 04:12:49 PM
...
And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?

You need to follow the news if you want to understand the markets. Right now the ATMs in Rusia are getting empty, with all the sanctions they are afraid about having their money in the banks, that's why all of them are looking for cash, and some valuable things like Gold, Silver, and Cryptos.

The market capitalization is growing fast, which means this is an opportunity to see a new ATH in some months.


Title: Re: Why bitcoin is going up during war?
Post by: batang_bitcoin on March 01, 2022, 04:32:14 PM
Ok first of all I have really given up on trying to understand bitcoin behaviour, I remember so called experts said that bitcoin will touch 100k by the end of 2021 and we all know how much accurate that prediction comes out to be, then there is El Salvador we thought it will touch sky after El Salvador made it legal tender but it crashed.

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?
It's just a normal sequence for the entire market that we get a surprise squeeze and then a sudden pump. You can think of any world issue when bitcoin is pumping.
And when there is bad news that's being published by news/media, the market suddenly plummets. That's really an unknown act but you just have to get used to it. Soon, we'll get to see the real reason why the market has been up and we might be surprised if it plummets again.


Title: Re: Why bitcoin is going up during war?
Post by: Zilon on March 01, 2022, 04:38:05 PM
The war is disrupting lots of economic and financial activities across both countries and many Ukrainian and Russian are switching to buying crypto specifically Bitcoin to avoid been stranded after the war.  This is one of the strongest reason why I feel the sudden pump took place. After the war many will be forced to start a fresh life so crypto is just the only saving grace at the moment


Title: Re: Why bitcoin is going up during war?
Post by: TribalBob on March 01, 2022, 04:45:23 PM

maybe it's just a coincidence that the price went up, because of the flow of requests to donate to ukraine with bitcoin
I see the current price has not increased significantly



The bank accounts of Russians and people of Ukraine are being frozen and they don't have any better option than to use bitcoin.


which is my current thought if frozen how do they transact??



Title: Re: Why bitcoin is going up during war?
Post by: dothebeats on March 01, 2022, 04:59:13 PM
It could literally be anything right now. Perhaps people realized that bitcoin is the way to go during these times, especially those who are within those regions that are struck by this current armed conflict. Sanctions are in place, and the economy is really badly beaten, that's why they chose for alternatives. Or it could just be another random pump, but again, it could be anything under the sun, really.


Title: Re: Why bitcoin is going up during war?
Post by: CharM568 on March 01, 2022, 05:00:05 PM
Ok first of all I have really given up on trying to understand bitcoin behaviour, I remember so called experts said that bitcoin will touch 100k by the end of 2021 and we all know how much accurate that prediction comes out to be, then there is El Salvador we thought it will touch sky after El Salvador made it legal tender but it crashed.

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?

Yeah it's pretty confusing. I also read experts have predicted that the bitcoin will touch by 400.000$ that's crazy... but in addition to war there are also potential influential factors that could have an impact on the price like restrictive measures on bitcoin mining and stuff. So maybe there are other aspects that could explain the fact that bitcoin is going up... hope it could help!


Title: Re: Why bitcoin is going up during war?
Post by: Little Mouse on March 01, 2022, 05:17:47 PM
Because bitcoin is store of value. Do you know Russian Ruble had a deflation of 30% in value? Would you love seeing your money getting devalued or thinking of alternative? Gold is another option but Bitcoin is now the most considered store of value. In a world war, peoole will have the option to save their asset in form of bitcoin.


Title: Re: Why bitcoin is going up during war?
Post by: m2017 on March 01, 2022, 05:32:24 PM
And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?
People are looking for something stable in times of war, and for some people it may sound strange at first they why would they choose Bitcoin that is very volatile.
The national currency may turn out to be even more volatile than Bitcoin. When it comes to preserving at least some value of their finances, then people can consider any possible and available tools. Bitcoin is one of those tools.

You can't move gold or other hard assets out of your country or region so easy or it's almost impossible, and for Bitcoin you only need to have piece of paper with seed words or remember them if you can.
When you cross the border or enter safe zone with internet you will have full access to you funds, that is obvious advantage of Bitcoin.
You can't fo that with gold, and your domestic paper currency may be worthless in other countries.
Simple conclusion, people buy more Bitcoin and price goes up.
You correctly and accurately noticed that in this vein, gold is certainly inferior to bitcoin. From the point of view of refugees, bitcoin in my opinion has no competitors. But some difficulties may arise. For example, not all residents of these countries have the experience and skills to use bitcoin. The older generation doesn't always know how to use a PC, not to mention cryptocurrensy.


Title: Re: Why bitcoin is going up during war?
Post by: franky1 on March 01, 2022, 05:51:54 PM
you need to learn some common sense things about bitcoin

lets say it cost $30k/btc on the cheapest place to mine bitcoin on the planet
lets say it cost $75k/btc on the expensive place to mine bitcoin on the planet

if the price even crept close to the cheapest.
all those others with higher costs will just go on a buying frenzy because its better to buy than mine
meaning it causes good buy support to uphold a bottom

if the price even crept close to the expensive.
all those others with lower costs will just mine to sell frenzy because its better to mine than to buy
meaning it causes a heavy resistance to hold down a top

if the price is more expensive than all people, including hobby miners can mine fine. no one wants to buy if they can acquire it cheaper
and so the price market plateaus out due to lack of people buying and a larger amount willing to sell

2021 never had a window of mining cost that made it even a thought that it was worth buying bitcoin above $80k.

based on the currently being released asics and looking at the cost of mining they will produce.
the hashrate would need to be over 300exa to have an substantial chance of reaching and retaining a $100k market price demand

yes you might see some odd speculative hype temporary blips in market price due to silly rumour. but these always correct quick
just dont expect a $100k coin that sustains at $100k+ any time soon(while hashrate is way below 300exa)


Title: Re: Why bitcoin is going up during war?
Post by: wxa7115 on March 01, 2022, 05:58:49 PM
Ok first of all I have really given up on trying to understand bitcoin behaviour, I remember so called experts said that bitcoin will touch 100k by the end of 2021 and we all know how much accurate that prediction comes out to be, then there is El Salvador we thought it will touch sky after El Salvador made it legal tender but it crashed.

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?
I think that to begin with you are making the mistake of thinking that the markets are predictable, and obviously that is not the case, this is why the opinion of those so called experts is many times wrong because if we are honest no one can really predict what the market is going to do with a high degree of accuracy.

Now about why the price of bitcoin is going up right now, the truth is no one really knows, this could be just a small upward correction and nothing more, however this could also be a sign of people being worried at Russia about what it may happen to their economy and they are deciding to buy bitcoin, yesterday I saw a news that many Russians were going to the bank to withdraw their money because they were afraid that the banks were going to be closed, but having cash is just the first step, the next question is what do you do with that cash? And a good option to try to preserve your wealth is to buy bitcoin.


Title: Re: Why bitcoin is going up during war?
Post by: Oceat on March 01, 2022, 06:03:35 PM
OP, I think you are listening to a wrong "so-called expert" or you are rather influenced too much by clickbaits information. Know your legit source if you want to continue to survive in this market because it's too unpredictable and you might fail again to understand what is happening.

And why Bitcoin is going up during war? It's because if people can't use cash during war then people should put it somewhere where their funds is protected by only you and that is Bitcoin. So if you are a Russian, you probably think it through on how to save or transfer it to a safe place.


Title: Re: Why bitcoin is going up during war?
Post by: DU18 on March 01, 2022, 07:19:13 PM
Ok first of all I have really given up on trying to understand bitcoin behaviour, I remember so called experts said that bitcoin will touch 100k by the end of 2021 and we all know how much accurate that prediction comes out to be, then there is El Salvador we thought it will touch sky after El Salvador made it legal tender but it crashed.

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?

We all know if the war has a bad impact on all things including in this case the stock market and crypto, actually at the beginning of the tension war between ukraine and russia began, the price of bitcoin began to decline and even touched a fairly low price level due to panic from investors in selling, but now bitcoin prices are starting to rise due to American sanctions which have an impact on the decline in the value of Russian money, so many Russian citizens are starting to withdraw their money to buy bitcoins, I think the huge demand for bitcoin that occurs in Russia is one of the reasons bitcoin prices are starting to rise today.


Title: Re: Why bitcoin is going up during war?
Post by: OgNasty on March 01, 2022, 07:27:10 PM
Historically War has been good for investments.  It means the government is going to spend a shitload of money, which is good for markets.  One might argue that government spending has been propping the markets up since 2009, so this latest war is no different from the housing crisis, pandemic, etc. as far as markets are concerned.  Many people credit World War II and the Vietnam War for spurring economic activity that led to great booms in markets. 

Unfortunately, in a world where everything is centered around money, there will be those who always clamor for war.  There's a lot of companies manufacturing bullets and bombs.  They aren't doing it for looks.  They want to profit and so long as government officials have exposure to these sorts of investments, war will always be considered as a money making opportunity to some.  There are people who say, "Bitcoin fixes this" but I think seeing how Russia has played their hand so far, you might think that Bitcoin is actually going to exasperate this so long as countries can profit from their own bad behavior.


Title: Re: Why bitcoin is going up during war?
Post by: Lanatsa on March 01, 2022, 07:47:22 PM
Ok first of all I have really given up on trying to understand bitcoin behaviour, I remember so called experts said that bitcoin will touch 100k by the end of 2021 and we all know how much accurate that prediction comes out to be, then there is El Salvador we thought it will touch sky after El Salvador made it legal tender but it crashed.

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?
External events or fundamentals doesnt really mean that it would be always having an effect on the market because it could neither pump or dump without anything happening
or least expected on which it do really makes this market unpredictable.

If you are dealing with this market then you should really be getting used to on which it is unpredictable.It could move neither it does have some sentiments
around or doesnt have.


Title: Re: Why bitcoin is going up during war?
Post by: jaberwock on March 01, 2022, 08:04:44 PM
OP, I think you are listening to a wrong "so-called expert" or you are rather influenced too much by clickbaits information. Know your legit source if you want to continue to survive in this market because it's too unpredictable and you might fail again to understand what is happening.

And why Bitcoin is going up during war? It's because if people can't use cash during war then people should put it somewhere where their funds is protected by only you and that is Bitcoin. So if you are a Russian, you probably think it through on how to save or transfer it to a safe place.
That's true, lots of people have predicted that btc will cross 100k and that already include some experts in the crypto field. Let us not act as if we didn't see it because there are a lot of topics like that last time and I am sure you saw that too.

I do not think your going disagree with that because almost all the crypto users want btc to pump much. He is going to survive if he will just hold and wait because that is the advice that he sees and isn't that great when all people acted like that? it contributes to the price if there are no short term sellers and panic sellers. People can keep their money in banks but banks can be raided by the military or can be destroyed. Bitcoin is still the safe way to go.


Title: Re: Why bitcoin is going up during war?
Post by: 24Kt on March 01, 2022, 08:28:45 PM
Because bitcoin is store of value. Do you know Russian Ruble had a deflation of 30% in value? Would you love seeing your money getting devalued or thinking of alternative? Gold is another option but Bitcoin is now the most considered store of value. In a world war, peoole will have the option to save their asset in form of bitcoin.

And to add, we are already in the digital age and bitcoin is a very good option to transfer money in and out of the country where war is currently happening. As there is no restrictions when it comes to crypto, they can basically get out their funds safer and faster, without too much hustle. As we have seen, a lot of donators are pouring in Ukraine via crypto, because you can send donations without putting your identity at risk. Though gold is another option, can you easily bring it outside without subjecting yourself to danger? Many people are buying because they can see now that bitcoin is one good alternative to move and save their assets,  without sending any signal from possible perpetrators. They can always go silent about holding crypto.


Title: Re: Why bitcoin is going up during war?
Post by: albon on March 01, 2022, 09:45:54 PM
Ok first of all I have really given up on trying to understand bitcoin behaviour, I remember so called experts said that bitcoin will touch 100k by the end of 2021 and we all know how much accurate that prediction comes out to be, then there is El Salvador we thought it will touch sky after El Salvador made it legal tender but it crashed.

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?
All of these were just predictions from experts based on personal analyzes that may happen and may be wrong. The price of Bitcoin has gone up because it received strong support from buyers. The total donations made in cryptocurrencies to the Ukrainian government amounted to millions of dollars. cryptocurrencies played an important role in this war for both parties. This is due to the fact that Bitcoin and cryptocurrencies, in general, are intangible and are not issued by a central bank, and are not subject to oversight.


Title: Re: Why bitcoin is going up during war?
Post by: Marykeller on March 01, 2022, 09:48:08 PM
Bitcoin will surely hit $100k someday, but nobody knows actually. The sudden spike in the bitcoin price is most likely to give bitcoin another ATH this year. Russia, Ukraine war can make it happen this year(I don't pray for such war to escalate)
The increase in bitcoin price is caused by Ukrainians using bitcoin as their safe haven to store up their assets.


Title: Re: Why bitcoin is going up during war?
Post by: Vaskiy on March 01, 2022, 09:50:57 PM
With the war cryptocurrencies have got more visibility than the past. Once the war started more people started talking about bitcoin as an alternate to withstand the situation. Initially the market broke same as the world market, but when people found it a way to secure their holdings against the inflation large funds started flowing into cryptocurrency. This have resulted with the ongoing bullish move of the market. The price that is predicted to touch $25k once after the invasion of Russian on Ukraine have now touched $44500+


Title: Re: Why bitcoin is going up during war?
Post by: suzanne5223 on March 01, 2022, 10:14:08 PM
Ok first of all I have really given up on trying to understand bitcoin behaviour,
No one can totally understand the Bitcoin market behavior and you can only follow the trend it posed and use it for your benefit.
I have said in some of my posts that the situation between Russia and Ukraine doesn't control the Bitcoin market price.

I remember so called experts said that bitcoin will touch 100k by the end of 2021 and we all know how much accurate that prediction comes out to be
The 100K per Bitcoin price prediction was not accepted by me and through the year 2021 market Bitcoin never reach" the 100K price range but I am surprised and willing to understand what you mean you said "we all know much much accurate that prediction comes out to be"

then there is El Salvador we thought it will touch sky after El Salvador made it legal tender but it crashed.

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?
Welcome to crypto verse where the market can make a bullish momentum with no reason at all


Title: Re: Why bitcoin is going up during war?
Post by: GeorgeJohn on March 01, 2022, 10:16:06 PM
The war is disrupting lots of economic and financial activities across both countries and many Ukrainian and Russian are switching to buying crypto specifically Bitcoin to avoid been stranded after the war.  This is one of the strongest reason why I feel the sudden pump took place. After the war many will be forced to start a fresh life so crypto is just the only saving grace at the moment
I know vividly that war is all about destruction and i know very well that people that's at disadvantages and at lost is the Ukrainians indecencies that they are one the combat is still in higer dimensions, from my views both countries adventuring into purchasing Bitcoin now in order to recover their lost after the conflict is to purchase Bitcoin, i may say is a wrong perceptions or wrong investment plans, because in Bitcoin investment two things are concerned, positive or negative ( advantages and disadvantages) the regulation of bitcoin is not stagnant to predict directly to acceleration always, in essence what I'm trying to figure out, is that they might invest now with higher domination of price before the war get to an end the price will get depreciated and stand sea.


Title: Re: Why bitcoin is going up during war?
Post by: dark1234 on March 01, 2022, 10:24:27 PM
The war between Russia and Ukraine became one of the trending topics of conversation in early 2022, causing the bitcoin price to decline because Russia is one of the largest bitcoin holders.
And bitcoin is currently bullish or just a trap and becomes a deeper bearish of course fundamental analysis is currently very much is very influential for the next  bitcoin as said the president of ukraine who wants to join the EU AND NATO


Title: Re: Why bitcoin is going up during war?
Post by: Kelvinid on March 01, 2022, 11:14:35 PM
The price went down before the war started giving the opportunity for the investors to buy. Like be just a sort of coincidence, perhaps, we don't know Russia will start it or even Ukraine.

People will not consider the war as the reason why they stop investing. No, they'll go for what seems to be the best and in fact, the covid-19 crisis hasn't even stopped us, it eventually grew far and reach the ATH. This is the reality and to see that Bitcoin dumps and sometimes drops due to the demand. People are still buying which increases demand and so we see the price moving up as well.


Title: Re: Why bitcoin is going up during war?
Post by: michellee on March 02, 2022, 03:29:02 AM
You don't need to understand bitcoin behaviour because no one can understand how bitcoin behaves and when it will. You don't have to listen to experts who don't necessarily understand bitcoin. My advice is you just enjoy the bitcoin journey, try to make enough profit, and wait for the moment to buy bitcoin and hold it for a while.

Bitcoin can rise for no apparent reason because it depends on how sentimental traders and investors are. It's better to take profits at this time and wait for the right moment to buy at a low price.


Title: Re: Why bitcoin is going up during war?
Post by: Sebas.tian on March 02, 2022, 04:31:21 AM
Quote
The war between Russia and Ukraine became one of the trending topics of conversation in early 2022, causing the bitcoin price to decline because Russia is one of the largest bitcoin holders.
And bitcoin is currently bullish or just a trap and becomes a deeper bearish of course fundamental analysis is currently very much is very influential for the next  bitcoin as said the president of ukraine who wants to join the EU AND NATO

Yes, Russian is one of the largest bitcoin holder in 2022 which war is seriously causing the price of bitcoin unstable in the community. What investors are seeing right now, is a sign of market bulling for Russian to start earning something good from their long term investment. Russian citizens will definitely use this opportunity to make more money from their bitcoin investment to get more food stuffs that can sustain them through out the war. Bitcoin price just moved to $44k after a serious attacked Ukraine carried out yesterday to attacked Russian and their economy.


Title: Re: Why bitcoin is going up during war?
Post by: dezoel on March 02, 2022, 04:42:35 AM
The truth is that you really can’t predict Bitcoin. But all this times you were talking about that Bitcoin reached a new all time high and El Salvador investing , with predictions of $100k, all those people making that prediction were not 100% sure of the predictions that they were making.

El Salvador adopting it as a legal tender wasn’t even enough. The market has reached its peak and was facing another correction, and one it gets to that there is no amount if news that would bring it down. But right now there is definitely lots of people who are buying Bitcoin, although I can’t tell for sure, but some few countries has declared legal, even Ukraine and Russia did that and with their currencies being affected by the war now, it’s possible that people will be buying Bitcoin as a way to preserve the value of their assets.


Title: Re: Why bitcoin is going up during war?
Post by: perfect999 on March 02, 2022, 05:30:26 AM
The national currency may turn out to be even more volatile than Bitcoin. When it comes to preserving at least some value of their finances, then people can consider any possible and available tools. Bitcoin is one of those tools.
Yep, fiat would be the wrong choice for anyone in those location, although some would argue that because they think holding would be best since they might be in need of food and shelter, but that is not true, bitcoin is a better option in this situation. Imagine anyone holding Ruble at this time that the Russian economy is having a meltdown, their money would also losing value and won’t be able to afford much for them right now. But, if you have invested in Bitcoin it would have been much better for you right now, as Bitcoin has been adding more value.


Title: Re: Why bitcoin is going up during war?
Post by: killerfrost on March 02, 2022, 05:32:20 AM
Cryptocurrencies make it easier and faster to donate and support military operations than ever before. The fact that people, even governments of some countries, use cryptocurrencies as a channel to mobilize resources for conflicts is a serious problem. It will continue to exist in the same way that the Internet was dragged into war. The war between Russia and Ukraine may be the "world's first crypto war" but it certainly won't be the last.


Title: Re: Why bitcoin is going up during war?
Post by: Anonylz on March 02, 2022, 05:37:14 AM
Aside from what analysts say (which are not usually correct 100%) the recent occurrence would make you believe it will have a negative effect on the market even without being an analyst, somehow the reverse was the case, am sure many people expected this too but things aren't going that way, there is a lot of fear regarding the war (even though it is between Russia and Ukraine) it is tied to people's emotions and feelings.

The initial reaction was fear when the war started but now it seems people understand the situation better and the fear is reducing, plus the role btc is playing during this period was unexpected and at the same time build more trust to buy even in the face of crisis.


Title: Re: Why bitcoin is going up during war?
Post by: cryptoaddictchie on March 02, 2022, 05:51:01 AM
Russia and Ukraine is on the midst of crisis. We can tell that their safeground is cryptocurrency and probably there are lots of buyers from these countries right now. Especially there are lot of freeze and sanctions done on Russia. You can see their own fiat money is going down then they could just parked it on btc while waiting for a right time again to strenthen their nation. Preserving the value of ones asset is a must especially if the world are condemning you.


Title: Re: Why bitcoin is going up during war?
Post by: Argoo on March 02, 2022, 05:52:07 AM
After the most severe sanctions imposed by the international community on Russia, inflation in this country is growing very quickly, the ruble is depreciating before our eyes. In this case, it would be absolutely logical in Russia to escape from sharp inflation by buying cryptocurrency. In Ukraine, I do not yet see a significant increase in prices or the hryvnia, although due to the disruption of food supplies and hostilities in most of the country, the situation is also rapidly deteriorating.
However, the rest of the world practically lives a normal life. There are no grounds for falling prices in the cryptocurrency market. That is why cryptocurrencies show the usual volatility: after a fall, there is a period of slight growth.


Title: Re: Why bitcoin is going up during war?
Post by: Reatim on March 02, 2022, 05:58:52 AM
Ok first of all I have really given up on trying to understand bitcoin behaviour, I remember so called experts said that bitcoin will touch 100k by the end of 2021 and we all know how much accurate that prediction comes out to be, then there is El Salvador we thought it will touch sky after El Salvador made it legal tender but it crashed.

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?
you know what is your problem here? you keep believing in Shitpost and misinformation , imagine you tend to believe that 100k is possible last year when there are no really sign of this reaching that top?
instead of reading and believing , why not do your own homework?
search for Histories , for the movement and graphs and also learn technical analysis because that will save your ass in investing.


Title: Re: Why bitcoin is going up during war?
Post by: Kakmakr on March 02, 2022, 06:21:22 AM
Political instability force investors to shift money out of traditional investments and into so-called "Safe-havens". So, depending on who you talk to.. some people see Bitcoin as a "Safe-haven" and they are shifting their investments into Bitcoin now.

Russian citizens withdraw lots of Fiat from the Banks lately, so they might consider Bitcoin as a "Safe-have" and they might be buying bitcoins. In theory, if there are a larger demand for bitcoins ..the price should go up.

The economic sanctions will cause higher inflation or even hyper inflation in Russia (look at what happened in Zimbabwe) ..so people need some protection against that.  ;)


Title: Re: Why bitcoin is going up during war?
Post by: fzkto on March 02, 2022, 06:51:22 AM
Perhaps the rise in bitcoin is another manipulation because not many people in Russia buy bitcoins. Here, on the contrary, most have withdrawn fiat from their deposits, some have bought dollars. So far, no one is thinking about cryptocurrency. Perhaps there is a demand for bitcoins because Ukraine is collecting donations in cryptocurrency.


Title: Re: Why bitcoin is going up during war?
Post by: Mauser on March 02, 2022, 07:05:06 AM
Ok first of all I have really given up on trying to understand bitcoin behaviour, I remember so called experts said that bitcoin will touch 100k by the end of 2021 and we all know how much accurate that prediction comes out to be, then there is El Salvador we thought it will touch sky after El Salvador made it legal tender but it crashed.

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?

There is no certainty with predictions in todays world. A prediction by "experts" is their own best guess how the future could look like with all information available at that time in the past. The crypo and also stocks crash at the end of last year came due to the new covid variant Omicron. Nobody really knew that we would get such a new variant that is spreading faster than Delta. In the end it turned out that Omicron is not as deadly as Delta and even with more covid cases things weren't as bad a year before. So maybe without the covid variant we could have reached 100k USD by christmas last year, who knows. As for El Salvador, I don't remember any prediction that said El Salvador has a huge impact on BTC price. It's a very small country with a weak economy, there is not a lot of demand from it.
Crypto prices recovered this year just to be hit by the Ukraine-Russia war. At the first day of the conflict I remember the news that WW3 is starting at the world is doomed, but since then it was public that no western countries will join the war and it will remain a conflict between Russia and Ukraine, and not Russia and Nato. Cryptos are a global project and many countries are not so much affected yet by the war. My advice is to not trust blindly predictions from experts, better to make up your own mind.


Title: Re: Why bitcoin is going up during war?
Post by: Reatim on March 02, 2022, 08:58:59 AM
~snip~
And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?
What is certain is that every time there is an increase in the price of bitcoin, of course, because of purchasing power and maybe this is caused by the Russian and Ukrainian people because they think bitcoin is a good asset to serve as a store of value when the economy in their country is in chaos because bitcoin cannot be controlled by the central government so bitcoin will not be unduly affected by the emergency measures currently in force in the country.
So that is the reason why they both acknowledge accepting bitcoin recently before the war happens? does this mean also that Ukraine and Russia make their economy ready on this action?
now that the war started and Ukraine is accepting donation from crypto while russia is experiencing too much sanctions , what do you think would be the next step?
will Russia continue the process of adaptation or will pause for a while?


Title: Re: Why bitcoin is going up during war?
Post by: onecall123 on March 02, 2022, 09:27:44 AM
As well as Bitcoin, the market capitalization of the crypto industry jumped back to $2 trillion. Analysts say Bitcoin's recent price increase can be attributed to its growing appeal as a financial alternative. As a result of heavy sanctions, Russians are selling rubles and buying bitcoin. Ruble's volatility could even surpass that of Bitcoin. Their economy is far too fragile and recovering to prewar conditions will be difficult. Despite its poor economic structure, Russia will not gain much from this. At the moment, Bitcoin only exists there as a safe haven.


Title: Re: Why bitcoin is going up during war?
Post by: bakasabo on March 02, 2022, 09:44:32 AM
Technical question - is it possible to switch Russia from the Internet or from Bitcoin mining pools? Or I dont know how to ask properly - is it possible to ban or expel Russia from Bitcoin blockchain? Or that is the trick of blockchain - anyone anywhere can use it?

Bitcoin is swiftly going up mainly due to war and financial sanctions. But lets imagine everything will be over tomorrow or sanctions would be cancelled. Would it trigger Bitcoin price to go swiftly down or it will remain on current level ?


Title: Re: Why bitcoin is going up during war?
Post by: Ararbermas on March 02, 2022, 12:25:36 PM
Ok first of all I have really given up on trying to understand bitcoin behaviour, I remember so called experts said that bitcoin will touch 100k by the end of 2021 and we all know how much accurate that prediction comes out to be, then there is El Salvador we thought it will touch sky after El Salvador made it legal tender but it crashed.

so called experts? How did you know they are experts by the way  ???

If you're basing on how they provide information about the situation of the market for me probably we cannot call them experts, i mean you cannot trust them immediately because everyone in the space nowadays can make speculation and prediction about the market base on their views only.



And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?
Bitcoin is not included on that war mate, wherein obviously bearish occurred reason some people say its affected but the truth it just a coincidence of the cycle of the market.

If i were you learn how to make technical analysis so that you will never rely on that so called experts.







Title: Re: Why bitcoin is going up during war?
Post by: Rockstarguy on March 02, 2022, 12:45:45 PM
Normally we all know bitcoin goes high when the demand in the market is high. Do you expect the price of bitcoin to drop because of the Russia-Ukraine  fight? In the past when Russia and Ukraine goverment haven't accepted bitcoin as a currency the price of bitcoin still go high, you can't really tell why the price of bitcoin is going high now that the Russia-Ukraine  are in war, it could also be that demand in the market is high that is why the price is going high.


Title: Re: Why bitcoin is going up during war?
Post by: Henrobakkara on March 02, 2022, 01:12:05 PM
Perhaps the rise in bitcoin is another manipulation because not many people in Russia buy bitcoins. Here, on the contrary, most have withdrawn fiat from their deposits, some have bought dollars. So far, no one is thinking about cryptocurrency. Perhaps there is a demand for bitcoins because Ukraine is collecting donations in cryptocurrency.
I kinda agree with you here about the Russian people buying Bitcoin or any other crypto for that matter cos we all know that at times like this, most are more concerned about having Fiat currency for daily needs however I don't think the rise in price in the past days is out of another manipulation. Even this Russian/Ukrain war, the market does witness up and downs in price, and if you are a bit TA person, you would judge differently too from what I see.


Title: Re: Why bitcoin is going up during war?
Post by: kryptqnick on March 02, 2022, 01:34:27 PM
Ok first of all I have really given up on trying to understand bitcoin behaviour, I remember so called experts said that bitcoin will touch 100k by the end of 2021 and we all know how much accurate that prediction comes out to be, then there is El Salvador we thought it will touch sky after El Salvador made it legal tender but it crashed.

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?
What's happening with Bitcoin is what I expected to happen. The war in Ukraine made cryptos very relevant because now so many people want to donate money to Ukrainian army, and doing it from all over the world is often simplest by transferring money to a Bitcoin wallet. Also, there are undoubtedly Russians, who can see the obvious: their economy is collapsing like never before, ruble is getting increasingly more worthless, and Putin is already restricting usage of foreign currencies and the right to pull one's ruble funds into good foreign fiat. So Bitcoin, once again, at least gives some chance of saving one's wealth or what's left of it. With Musk working on making satellite Internet available in Ukraine, cryptos will remain relevant for everyone, apart from those who are really poor and only have money they need to spend directly to sustain their basic needs.


Title: Re: Why bitcoin is going up during war?
Post by: ChiBitCTy on March 02, 2022, 01:37:04 PM
Yeah I think it’s about time that you’ve come to the realization (as well as for all of us) there are no guarantees or givens and these so called experts are mostly full of shit/completely guessing. I think the issue with Russians and Ukrainians banks and credit cards freezing are the catalyst behind the rise up. People see it’s value more than ever there.


Title: Re: Why bitcoin is going up during war?
Post by: Odusko on March 02, 2022, 01:41:38 PM
I yeah that is it Bitcoin is more established to be affected with happening most especially when it does not have any direct impact on its services, bitcoin will keep it moving in any situation be it war or whatever. The war has nothing to do with the price of Bitcoin and global adoption can only be possible when Bitcoin services are processed through the various interchange roots. March is predicted to be one of the most exciting months for Bitcoin bulls.


Title: Re: Why bitcoin is going up during war?
Post by: buwaytress on March 02, 2022, 01:47:26 PM
Member when Bcash split was supposed to be the civil war that would end Bitcoin? I member. Tag on China problems to that particular period. Tag on Ethereum Flippening. etc.

Then on rolled Bitcoin with that mutha of an ATH.

If there's anything I've learnt, Bitcoin does best with the odds stacked against it. It's unscientific, it's cherry-picking, but if it works, it works.

- Tupac Shakur buying

Can you stop giving away secrets? Trying to make a living here.


Title: Re: Why bitcoin is going up during war?
Post by: Spacebar96 on March 02, 2022, 02:12:55 PM
Bitcoin's price may rise as a result of the conflict between Ukraine and Russia, as many individuals will want to maintain their precious asset and consider bitcoin as the greatest alternative for saving their money. When you consider factors that affect a country's economy and security, such as inflation, laws and policies, and government activities that affect a country's stability, individuals may opt for bitcoin as an alternative.


Title: Re: Why bitcoin is going up during war?
Post by: glendall on March 02, 2022, 02:36:48 PM
as we know, russia is the country with the most crypto holdings and blockchain projects are also many from russia,
it could be that there are many emergency transactions to save assets during war and they also believe in the value of bitcoin in the future and believe bitcoin can be an asset for the post-war period


Title: Re: Why bitcoin is going up during war?
Post by: Hypnosis00 on March 02, 2022, 02:54:27 PM
Not the war that could ruin the growth of Bitcoin and we can see it running differently that we can see a consistent growth despite this thing. There are a lot of crypt investors around Russia and Ukraine and these people keep buying while the market is in deep which literally uplifts the price. We can say it was amazing but this is the reality for now. No one could stop Bitcoin and even this conflict will take longer, crypto demand will also get higher and higher.


Title: Re: Why bitcoin is going up during war?
Post by: Mr.Scott on March 02, 2022, 04:07:28 PM
Bitcoin and other crypto assets are currently moving against the stock market amidst the intensifying war in Ukraine and Russia, which is prompting all investors to look for safer assets to secure them and they turn to bitcoin which they think is very safe. And another reason Russia would use bitcoin or crypto is to avoid or minimize the impact of sanctions.
So it is clear that the increase that is happening to bitcoin now and other cryptocurrencies is due to the conflict between Russia and Ukraine to use as any alternative that can help them.
TRUE! It looks like Russian have moved to bitcoin now and other cryptocurrencies. Thus the spike. The buy volumes of Bitcoin with rubles at a high point at the present time. Awful things happening because of countless sanctions applied by US/EU and other member of NATO as all the Russian ruble migration to crypto before their fiat value dives deeper. A lot of dirt will come out. Would it be advisable for us to wait for a week to get real dip? It might be possible if the war keep going long, more volumes!


Title: Re: Why bitcoin is going up during war?
Post by: WillyAp on March 02, 2022, 04:09:59 PM
Money moves around.
In times of War, Gold, Silver, and now Bitcoin.
If the @litecoinfoundation would act alo LTC could benefit.
Now made safer, all open for Litecoin.


Title: Re: Why bitcoin is going up during war?
Post by: Bitstar_coin on March 02, 2022, 05:18:23 PM
Perhaps the rise in bitcoin is another manipulation because not many people in Russia buy bitcoins. Here, on the contrary, most have withdrawn fiat from their deposits, some have bought dollars. So far, no one is thinking about cryptocurrency. Perhaps there is a demand for bitcoins because Ukraine is collecting donations in cryptocurrency.

Are you saying this base on a fact or just assuming? In this time of desperation and rapid devaluation of RUB it is very likely that many Russians are seeking alternatives to preserve their funds.
Lots of them are turning to crypto for safe storage, if you are in doubtful see this - Russians are paying up to $20,000 above market rate to buy Bitcoin (https://cryptoslate.com/russians-are-paying-up-to-20000-above-market-rate-to-buy-bitcoin/?)


Title: Re: Why bitcoin is going up during war?
Post by: BITCOIN4X on March 02, 2022, 05:47:12 PM
OP, it's actually a bit difficult to know how bitcoin is behaving in the market so far because it all depends so much on supply and demand. War is just an excuse for price volatility and should not be 100% the reason why prices can go up or down.

Long term investors only take advantage of the downturn to collect bitcoin while others take advantage of it for the short term. Both ways work well for them, but of course sometimes they also have to wait longer for the price to recover.


Title: Re: Why bitcoin is going up during war?
Post by: Altryist on March 02, 2022, 05:58:25 PM
Are you saying this base on a fact or just assuming? In this time of desperation and rapid devaluation of RUB it is very likely that many Russians are seeking alternatives to preserve their funds.
Lots of them are turning to crypto for safe storage, if you are in doubtful see this - Russians are paying up to $20,000 above market rate to buy Bitcoin (https://cryptoslate.com/russians-are-paying-up-to-20000-above-market-rate-to-buy-bitcoin/?)
How true can this be? After all, everyone if desired, can buy bitcoin on centralized exchanges at the current rate. Another issue is that people are now afraid to deal with centralized exchanges and turn to speculators, in which case they can overpay as much as they like. There are also services, such as bestchange, through which you can buy bitcoin at the current rate without overpayments.


Title: Re: Why bitcoin is going up during war?
Post by: shavebob77 on March 02, 2022, 06:56:57 PM
Fiat concepts rarely apply to bitcoin,if so (like mutual crashes for examples) is always for a short period of time,while other types of "currency" are in red,bitcoin is yet ready again for another bull run (in my view) this war,in the crypto context, comes only to show that bitcoin is much better then just a bitcoin gold like people often say.


Title: Re: Why bitcoin is going up during war?
Post by: carlfebz2 on March 02, 2022, 08:38:09 PM
OP, it's actually a bit difficult to know how bitcoin is behaving in the market so far because it all depends so much on supply and demand. War is just an excuse for price volatility and should not be 100% the reason why prices can go up or down.

Long term investors only take advantage of the downturn to collect bitcoin while others take advantage of it for the short term. Both ways work well for them, but of course sometimes they also have to wait longer for the price to recover.
Just those presumptions but look at on what happened on Bitcoins price? It do even make out some significant rise up even though not that big or great but at least it is really that gaining.

It is true that its not a solid thing for you to rely on with these kind of sentiments or news in regarding with your trading analysis.It will still solely be depending on market demand and supply talks

whenever we do mention out about its price movement which it had been unpredictable since from the beginning.


Title: Re: Why bitcoin is going up during war?
Post by: JahriMeayer on March 02, 2022, 09:34:12 PM
So called experts even a single person can predict/claim anything about bitcoin but its upto you, whether you’ll believe them or not! i think you shouldn’t cause most of them failed to predict and that's also proved, bitcoin is unpredictable. don't take decisions based on their statement
Moreover, suppose If russia & Ukranians stop using bitcoin, then what will happen? Nothing cause whole world is using bitcoin. So i don’t think this war could highly influence bitcoin price but due to Russia & Ukranians can't use fiat properly , meanwhile they might be start using bitcoin heavily, that could be a reason for behind bitcoin raise up but i don't want to consider this as main reason


Title: Re: Why bitcoin is going up during war?
Post by: Fatunad on March 02, 2022, 10:50:20 PM
So called experts even a single person can predict/claim anything about bitcoin but its upto you, whether you’ll believe them or not! i think you shouldn’t cause most of them failed to predict and that's also proved, bitcoin is unpredictable. don't take decisions based on their statement
Moreover, suppose If russia & Ukranians stop using bitcoin, then what will happen? Nothing cause whole world is using bitcoin. So i don’t think this war could highly influence bitcoin price but due to Russia & Ukranians can't use fiat properly , meanwhile they might be start using bitcoin heavily, that could be a reason for behind bitcoin raise up but i don't want to consider this as main reason
People should really be that careful on believing on something because it would affect their mindset and impression which might cause on bad decisions towards their trades.
Just like on most people been saying that bitcoin or crypto prices as general isn't really that anytime affected with events like this neither on having war or sanctions or
bans or something in related.Everything is random and this is how you should bare it up on your mind.


Title: Re: Why bitcoin is going up during war?
Post by: oudomopo on March 03, 2022, 01:20:09 AM
Maybe it is to help supply the Ukrainians with everything including crypto. 2nd reason is because other people are giving Ukrainians bitcoin so they can go buy some weapons and the reason why this is because people can afford more weapons and have extra money. If bitcoin did not go up, then their weapons would be a bit less.


Title: Re: Why bitcoin is going up during war?
Post by: awik p on March 03, 2022, 02:41:25 AM
So called experts even a single person can predict/claim anything about bitcoin but its upto you, whether you’ll believe them or not! i think you shouldn’t cause most of them failed to predict and that's also proved, bitcoin is unpredictable. don't take decisions based on their statement
Moreover, suppose If russia & Ukranians stop using bitcoin, then what will happen? Nothing cause whole world is using bitcoin. So i don’t think this war could highly influence bitcoin price but due to Russia & Ukranians can't use fiat properly , meanwhile they might be start using bitcoin heavily, that could be a reason for behind bitcoin raise up but i don't want to consider this as main reason
People should really be that careful on believing on something because it would affect their mindset and impression which might cause on bad decisions towards their trades.
Just like on most people been saying that bitcoin or crypto prices as general isn't really that anytime affected with events like this neither on having war or sanctions or
bans or something in related.Everything is random and this is how you should bare it up on your mind.
maybe at the beginning of the war there was a rapid decline in the price of bitcoin, if you look at it logically, I think this is because of the panic of investors who want their funds to be safe, so that they are converted to stable coins. on the other hand, it did not last long for bitcoin prices to rise again, this was also possible because of investor sentiment who considered bitcoin to be an alternative means of payment for warring countries.


Title: Re: Why bitcoin is going up during war?
Post by: Sir Legend on March 03, 2022, 02:44:40 AM
Bitcoin is a unique investment, no matter what conditions it can go up or down, decentralization works effectively so that it makes good hope in the future, when the pandemic and many types of investments are losing money and even dying, bitcoin has skyrocketed up to 200% more and now russia is invading ukraine and the market continues to move positively.


Title: Re: Why bitcoin is going up during war?
Post by: famososMuertos on March 03, 2022, 02:57:31 AM
Ok first of all I have really given up on trying to understand bitcoin behaviour, I remember so called experts said that bitcoin will touch 100k by the end of 2021 and we all know how much accurate that prediction comes out to be, then there is El Salvador we thought it will touch sky after El Salvador made it legal tender but it crashed.

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?

This is the kind of OP whose answer is in his concerns, it's like the guy who crashes ignoring the stop signal, although you see it, you don't interpret it.

Do not ignore what you read, interpret the information, e.g. it you mention in your context; Bitcoin pundits are only as accurate as the coin launch is, hope you get the point.

We must learn to measure the values imprecises that surround bitcoin and properly guide them to our investment needs or established plan, then based on that make your decisions.


Title: Re: Why bitcoin is going up during war?
Post by: ipanks on March 03, 2022, 04:58:56 AM
It's very hard to follow bitcoin's price because you've seen for yourself what the experts say hasn't come true. That's because no one can predict with certainty where bitcoin will move. Maybe they can say that their predictions are accurate but don't forget that the market will always surprise us and make those predictions wrong.

I just think that there is a possibility that the price of bitcoin is going up at the moment because of the many gates of donations in the form of crypto that make people buy crypto and then send it to the victims of war. Or it could be for other reasons that we will never know and can only guess at.


Title: Re: Why bitcoin is going up during war?
Post by: LegendaryK on March 03, 2022, 05:16:20 AM
Ok first of all I have really given up on trying to understand bitcoin behaviour, I remember so called experts said that bitcoin will touch 100k by the end of 2021 and we all know how much accurate that prediction comes out to be, then there is El Salvador we thought it will touch sky after El Salvador made it legal tender but it crashed.

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?

Many people are being banned from transferring money across Russian borders thru conventional banks,
also many people in Russia are buying up crypto as a hedge against the falling ruble.

If you transfer your ruble to a crypto like tether or USD, and the ruble drops 30% in a day like it recently did,
you preserved your monetary capital and buying power for a later date.

Crypto transfers, so far have not been sanctioned. 


Title: Re: Why bitcoin is going up during war?
Post by: Ozero on March 03, 2022, 05:56:07 AM
Maybe it is to help supply the Ukrainians with everything including crypto. 2nd reason is because other people are giving Ukrainians bitcoin so they can go buy some weapons and the reason why this is because people can afford more weapons and have extra money. If bitcoin did not go up, then their weapons would be a bit less.
Of course not. Bitcoin is rising in price not because of this. Although the open military aggression of Russia against Ukraine now has a very large international resonance, so far this is only a regional conflict, and the price of bitcoin depends little on regional conflicts. Bitcoin fell in price on the eve of the Russian invasion of Ukraine and on the first day of such an invasion. The panic passes and the cryptocurrency market recovers. Now it makes sense for Russian citizens to transfer their savings into cryptocurrency, as their ruble is rapidly depreciating. Therefore, the demand for bitcoin and other cryptocurrencies may grow.


Title: Re: Why bitcoin is going up during war?
Post by: Miracleor on March 03, 2022, 06:11:35 AM
Bitcoin is a currency that is more convenient than other funds. But this is also a test for cryptocurrencies. The price of cryptocurrencies is not rising very fast. More and more people can pay attention to cryptocurrencies. Bitcoin usage is on the rise right now.


Title: Re: Why bitcoin is going up during war?
Post by: BryaCull on March 03, 2022, 06:40:11 AM
Ok first of all I have really given up on trying to understand bitcoin behaviour, I remember so called experts said that bitcoin will touch 100k by the end of 2021 and we all know how much accurate that prediction comes out to be, then there is El Salvador we thought it will touch sky after El Salvador made it legal tender but it crashed.

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?
In the early days of the war, Bitcoin did fall very fast, but the next day I found that it was rising. The most obvious reason was that the Russians bought it. NATO and many other major powers believed that Russia should stop the war and made a series of actions to them. The blocking measures have led Russia to only buy cryptocurrencies to avoid risks.


Title: Re: Why bitcoin is going up during war?
Post by: BATHES on March 03, 2022, 07:00:09 AM
Is there a possibility that Americans are also buying, because the war realizes Bitcoin’s hedging characteristics, it will become a world currency, and it will be hoarding goods in advance. In addition, maintain the US dollar’s ​​world status as long as possible, and strive for low prices Time to buy bitcoin.


Title: Re: Why bitcoin is going up during war?
Post by: ZoeSamantha on March 03, 2022, 08:06:21 AM
Nowadays, many donations to Ukraine are made of cryptocurrency donations through wallet addresses. Ukraine and Russia are world events, which can increase the exposure of cryptocurrency, and Russia’s economy is being suppressed and attacked. Cryptocurrency is undoubtedly the best store of value.


Title: Re: Why bitcoin is going up during war?
Post by: Pamadar on March 03, 2022, 08:46:50 AM
Maybe it is to help supply the Ukrainians with everything including crypto. 2nd reason is because other people are giving Ukrainians bitcoin so they can go buy some weapons and the reason why this is because people can afford more weapons and have extra money. If bitcoin did not go up, then their weapons would be a bit less.
Of course not. Bitcoin is rising in price not because of this. Although the open military aggression of Russia against Ukraine now has a very large international resonance, so far this is only a regional conflict, and the price of bitcoin depends little on regional conflicts. Bitcoin fell in price on the eve of the Russian invasion of Ukraine and on the first day of such an invasion. The panic passes and the cryptocurrency market recovers. Now it makes sense for Russian citizens to transfer their savings into cryptocurrency, as their ruble is rapidly depreciating. Therefore, the demand for bitcoin and other cryptocurrencies may grow.

There are traders who use a situation like this to play inside the market.

Still the law of supply and demand but some tricks coming from bag holders who can create fud and artificial movement,
it's wise not to believe unless you are practicing this strategy.

It's on your take if you can take advantage of following the sentiment and have a quick ride to gain decent benefits.


Title: Re: Why bitcoin is going up during war?
Post by: KaliLinux on March 03, 2022, 08:50:46 AM
Maybe it is to help supply the Ukrainians with everything including crypto. 2nd reason is because other people are giving Ukrainians bitcoin so they can go buy some weapons and the reason why this is because people can afford more weapons and have extra money. If bitcoin did not go up, then their weapons would be a bit less.
So clearly you are saying the sudden increase in the Bitcoin price is clear manipulation. We understand that the price dropped which most believe was an emotional reaction mainly from wall street traders which we know are now treating Bitcoin investment like other financial instruments however I believe that they realized that Bitcoin is not what they thought and hence we see a price reversal unlike what is happening to Russian Ruble which is a clear sign of Impact from the consequences of the war.


Title: Re: Why bitcoin is going up during war?
Post by: Rufsilf on March 03, 2022, 02:35:11 PM
These so called experts are the self-proclaimed ones just because they have a degree or background of economics, macroeconomics or whatsoever they call it, but they cannot deny the fact that they're only limited into forecasting prices and cannot exactly predict the price or what would happen in the near future.

These days, bitcoin and other leading cryptocurrencies are hiking due to the ongoing invasion and war between Russia and Ukraine. Those people who own large assets starts to convert their funds to cryptocurrency to free themselves from the deflation of fiats. Crypto may be risky because of its volatility but these people ain't have a choice because cryptocurrency are the easiest and the most convenient way to carry your assets instead of gold.


Title: Re: Why bitcoin is going up during war?
Post by: so98nn on March 03, 2022, 02:51:55 PM
Why are you listening to these so called "experts" in the first place? If I could accurately predict markets, I'd be a billionaire in a nice beach with some blackjack and hookers, not posting on forums and social media.

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?
Could literally be anything. Write these down on a piece of paper and throw a dart at it:

- whales buying
- institutional investors buying
- Russians buying
- Ukranians buying
- aliens buying
- Tupac Shakur buying

Most probably some of them surely knows the war is sooner or later gonna over on good terms and bitcoin will bounce back heavily. I'm just thinking to do the same but as usual I'm so freaking broke, that whatever I earn on the forum like from artworks, campaigns etc is going into my savings and future aspects. I mean I know it's gonna bounce back but I need it anyways.

So whoever is buying right now, are perfectly safe and has great profits pre booked for example!

Moreover, politicians could be behind the scenes. You will see a documentary on this after few years, the conspiracy of Russ-Ukra war and bitcoin behind it. Lolz.


Title: Re: Why bitcoin is going up during war?
Post by: Woodie on March 03, 2022, 03:05:10 PM
I must admit the Russia-Ukraine war is not limited to the two countries only but the world at large too... And knowing that the effects of war can render a currency useless, its only safe to invest in one that has no boarders for example bitcoin which could be the reason for its surge in price as Russians, Ukrainians and everyone is investing in a timeless asset to protect what they have left before being hit by the post effects of war.


Title: Re: Why bitcoin is going up during war?
Post by: Cryptmuster on March 03, 2022, 06:00:54 PM
The beginning of the russian invasion of ukraine the price of bitcoin experienced a decline in the market but slowly the bitcoin price has returned to strength now, the number of whales who take advantage of the price decline to make purchases a few days ago is one of the reasons for the increase in bitcoin prices, in my opinion the trust of investors in bitcoin is still very  high, especially in the worst conditions when the war broke out in ukraine the price of bitcoin was able to stay at the level of $30 thousand and that was a good sign for investors to invest, I think the ability of bitcoin prices to survive in conditions of war and the current pandemic adds to investor confidence if bitcoin is an investment appropriate in every situation.

In fact, in such difficult times, many people try to save their money, and in conditions when inflation is high and the exchange rate of foreign currencies is growing strongly, cryptocurrency becomes a lifeline for many people. At the beginning of the invasion, вitcoin should have reacted, but now it is logical that it is growing and I think that we will not see a strong fall.


Title: Re: Why bitcoin is going up during war?
Post by: Leviathan.007 on March 03, 2022, 06:35:44 PM
In order to know the reason for the increase of the price we should seek for the reason of increase of the demand for bitcoin in all over the world and in my own idea the reason of it is totally clear since the ar started Russia is facing with economic sanctions, they need bitcoin as a way for bypass the sanctions and ofcurse, in this case, they will need to buy some bitcoins in the other hands Unkrinia people are buying bitcoin to easily migrate to another country and keep their funds safe from the war.


Title: Re: Why bitcoin is going up during war?
Post by: Eureka_07 on March 03, 2022, 06:53:58 PM
Yeah what I am sort of realised of sudden spike might be because of Ukrainians and who knows Russians too. I had heard that before too that the sudden attitude of Russia was charged towards bitcoin as they started seeing it as alternative to sanctions. And now it might be more true as Russian civilians will be affected by it more so they might come running at crypto. But who knows just few minutes after this post there might be a flash crash. And by the way it is already going down.
As other members already said, there are various reason why bitcoin has risen up during this war between Russia and Ukraine. Most probably the best reason is that, those people who are affected by the war converted their money into bitcoin,or for other instance, on altcoins.
However, we do not have a solid proof that it was the cause.
Maybe it is just all coincidence, like what other members are also thinking.


Title: Re: Why bitcoin is going up during war?
Post by: Fortify on March 03, 2022, 07:01:23 PM
Why are you listening to these so called "experts" in the first place? If I could accurately predict markets, I'd be a billionaire in a nice beach with some blackjack and hookers, not posting on forums and social media.

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?
Could literally be anything. Write these down on a piece of paper and throw a dart at it:

- whales buying
- institutional investors buying
- Russians buying
- Ukranians buying
- aliens buying
- Tupac Shakur buying

I like your style of thinking. There seems to be little logic involved with the price of bitcoin, at least that it predictable or forecastable into the future. At first there was a drop because people fled to the safety of other assets like gold (weird) but now we see a huge resurgence with extra publicity thanks to bitcoin donations going on. Maybe you should detach the direction of bitcoin from current events and consider it just as a multiplier effect to wider market moves.


Title: Re: Why bitcoin is going up during war?
Post by: Mehedi72 on March 03, 2022, 09:14:33 PM
Bitcoin doesn’t have direct connection with war. They are different thing by their position But if you want to connect war and bitcoin with one wire, then I've a lame reason! Ukraine received $10M for binance & $5M From dot & large amount of bitcoin from random donators. This matter is already highlighted & known to all.  "So Possibly people across the world converting fiat for bitcoin, so that they could donate ukraine easily." but i can't give any assurances on this subject even i will not wonder if bear dump the bitcoin price tomorrow.


Title: Re: Why bitcoin is going up during war?
Post by: countryfree on March 03, 2022, 11:38:51 PM
Hasn't anyone noticed that the price of wheat or oil are going up, too?
Almost all prices are going up during a war.


Title: Re: Why bitcoin is going up during war?
Post by: ROSERTY on March 04, 2022, 06:13:16 AM
During this period, many accounts in Russia were frozen, causing inflation. They would avoid inflation by buying bitcoin, and when demand for it increases, the price goes up as well.


Title: Re: Why bitcoin is going up during war?
Post by: YOSHIE on March 04, 2022, 10:02:51 AM
And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?
Not Bitcoin uncertain, war uncertain how many years they fought and made peace or independence.

You know Bitcoin goes up or down the first factor that can affect it in the form of orders to buy and sell, that's the key cause in addition to other factors and so on.

Bitcoin is an asset that can be stored or sold and bought in all countries / world and wherever you are, as long as the keys are stored properly in your bag, The Bitcoin war is going up, of course people think that keeping cash is safer in the form of Bitcoin, so it is likely that the demand for Bitcoin will automatically increase.

Common sense, your house is bombed if you save cash your money automatically forfeits, Storing in Bitcoins, while you copy passwords, keys and everything related to exchange sites, even if your device is damaged by war, you can still access it with a new device, if you think, it's no wonder certain countries are at war Bitcoin can rise to the highest level of the current price.


Title: Re: Why bitcoin is going up during war?
Post by: Zilon on March 04, 2022, 10:28:28 AM
El salvador adoption wasn't just enough for a price pump we needed more adoption to keep the price rolling up. Lately we have had many other nations subscribing to bitcoin adoption outside El salvador as listed by nullama  (https://bitcointalk.org/index.php?topic=5388237.msg59418935#msg59418935). The more global adoption the more the price hyke sets in


Title: Re: Why bitcoin is going up during war?
Post by: lenovop-70 on March 04, 2022, 02:35:43 PM
I think people now are find solution how they can keep his money safe in times of war like this, and Bitcoin is one of the practical answers to this, which is why so many people are buying at the end of the day and making the price goes up.
Bitcoin's practicality and security come first, and measurable volatility is another reason that make more people come.


Title: Re: Why bitcoin is going up during war?
Post by: iamsheikhadil on March 04, 2022, 03:14:23 PM
Well, the prices can pump, but we don't really see a bull ruk do we? But still, there's a slight upwards movement, causes are most likely because of the Russia-Ukraine war and the government of Ukraine accepting donations through bitcoin and its pro-stances for the crypto world, and when most influential countries, like US and Europe support Ukraine, which is supporting crypto, the ripple effect surely shines on the price! ;)


Title: Re: Why bitcoin is going up during war?
Post by: mindrust on March 04, 2022, 03:17:12 PM
Ok first of all I have really given up on trying to understand bitcoin behaviour, I remember so called experts said that bitcoin will touch 100k by the end of 2021 and we all know how much accurate that prediction comes out to be, then there is El Salvador we thought it will touch sky after El Salvador made it legal tender but it crashed.

And now i thought it will go new low and now it is going up, like what is happening, why it is going up in such situation of uncertainty and war?

Because bitcoin is a risk-off asset. Investors are simply buying bitcoin to protect themselves from the government. Look around you, governments are freezing assets of their citizens. Look at Canada, if you refuse to get vaccinated they will freeze your bank accounts. Look at Russia, you can't even buy a cup of coffee now if you only have VISA/Mastercard cards. Crypto solves these problems and people are now realizing it.


Title: Re: Why bitcoin is going up during war?
Post by: Falconer on March 04, 2022, 03:29:04 PM
Because bitcoin is a risk-off asset. Investors are simply buying bitcoin to protect themselves from the government. Look around you, governments are freezing assets of their citizens. Look at Canada, if you refuse to get vaccinated they will freeze your bank accounts. Look at Russia, you can't even buy a cup of coffee now if you only have VISA/Mastercard cards. Crypto solves these problems and people are now realizing it.
In some cases, I think bitcoin has solved some of the things that previously fiat users might not be able to do such as having their own bank with bitcoin, set their own transaction fees, and being free to send money in bitcoin wherever and whenever they want without a centralized intermediary.

I just think that bitcoin hasn't solved all the problems we wanted especially if its use as legal tender is still banned by the government in some countries. Bitcoin is not fully legalized to be used as a currency but we can use it as an investment and trading asset as well as a safe store of value asset. Volatility is a common problem even without the effects of war. During 2021 we received high hype from institutional investors so high demand caused prices to hit ATH. Rising bitcoin price is not about war but people still want to buy and invest in bitcoin for long term profit.


Title: Re: Why bitcoin is going up during war?
Post by: dark1234 on March 04, 2022, 03:32:51 PM
war has indeed occurred and has had a significant impact on the market because in fact Russia and Ukraine are one of the holders of crypto assets so that there is panic among holders and traders, which makes the market go down.
And now those affected by the war have a solution to use crypto as a tool to store wealth and buy necessities of life at a time when money is no longer meaningful even supporters and civil humanitarian defenders make donations and funding using crypto because it is more efficient and fast, panic holders and traders are not like when there were news of wars and wars happening on both sides maybe this was one of the causes


Title: Re: Why bitcoin is going up during war?
Post by: Kasabus on March 04, 2022, 05:58:38 PM
snip
I always believe in another surprise from bitcoin and it will surely come soon. You can continue to be patient while accumulating more bitcoins or you can sell them now that it is your choice. After the war is over, maybe it's time for bitcoin to surprise us and who knows, it will mean the price will start rising higher and return to our big profits. I think this March there will be a miracle from bitcoin for us but before that, there might be another surprise factor, so just wait ;D3

We cannot really say that and to expect that there will be some miracle to happen this month of March just like you stated, I mean yes it would definitely be a great news if indeed that will happen this month but we are just limited to do some speculations and no matter how hard we try, we cannot really predict what is ahead of us.
In this times of war, we need to be more cautious and watch the price closely if we intend on selling our assets these days because the market is too unpredictable as many people in the midst of war are converting their assets in cryptocurrency and others are converting their crypto assets into some local fiats because they need more cash on hand.