Bitcoin Forum

Different countries issues is the reason why bitcoin is suffering price loss, when countries are not at peace with others, the whole nations suffered economic crisis, I remember when the price of bitcoin start going down was same season Russian x Ukraine start economy wars. Bitcoin seem to remained statics because of sentiments by this countries attitude towards the resourceful digital products that would have swim financial hardship.

Most of us believe that if there is a conflict, the price of Bitcoin and other cryptocurrencies will plummet. But that is not true, because in 2020, there is a global pandemic that severely damages our economy, but what happened in Bitcoin that time? Price hikes have caused an abrupt surge in the market, indicating that there is a lot of demand. As you can see from the chart, it reaches an all-time high. As a result, I believe that if there is a war, it may be beneficial or detrimental to crypto.

You mixed things up in this write-up but I will try to explain in the shortest possible way. Inflation is mostly responsible for the fall of Bitcoin, and most countries' issues might not have any noticeable impact on Bitcoin unless the coin is popularly paired with their currency, that's how the market works. The exception of course is the news of adoption and retriction/ban by countries. Bitcoin can only be significantly impacted by the economies of the countries of the most popular currencies, in which the USD is number 1.


Point of correction, the price of Bitcoin started falling in 2021, not 2022 when the Russia-Ukraine war started. Mind you, the importance of the country that can cause the effect matters to the global economy, not just anyhow country. And on record, Bitcoin has been falling before the Russia-Ukraine war, surely, the war aggravated it as it increased global inflation as the world depends on the two countries for crude oil, vegetable oil, grains, raw materials and many more. However, the world is finding alternatives, and you can see it as the war continues, yet Bitcoin has increased in value.

There is nothing like the sentiment of countries here, inflation is the main consideration, and despite the challenges the economies of most counties are facing right now, Bitcoin still managed to rise since the beginning of this year and might touch another historical peak in 2024 since there are other favourable factors to consider.

Bitcoin is also a speculative asset, so the impact of the world's macro news cannot be avoided, but to say that the collapse of bitcoin in 2022 is due to war is completely inaccurate and also not caused by inflation. If we look closely, 2022 is also when we enter a bearish cycle after reaching ATH in November 2021. So I think whether there is war, economic crisis or not, the market will still slump, but with the impact of the other two factors, the situation will become worse.

What I'm thinking is, if after halving happens and the world economy still hasn't recovered, the war isn't over, do we still have a cyclical bull season?

Wars affect bitcoin prices in a way that it put fear on the funds of investors and derisk their money from their investments and convert it into available cash in case of the worst case scenario. Then it will start to set bearish prices on BTC and other assets like stocks, gold, and indices.

Sometimes wars and high-impact news also serve as manipulation in the market that will cause a false move and fluctuation in price swings. When OP state that Bitcoin seem to remained statics only implies that BTC is in a good stance because despite of negative global events, BTC still finds another support level to  remain in  a good spot to buy and invest in the long run.

I don't think you're right about Bitcoin and the war. Bitcoin can suffer from panic, surrounding global economic uncertainty due to certain events. But it doesn't have to happen and doesn't always happen. The full-scale invasion (because Russia's war against Ukraine itself started in 2014 (https://en.wikipedia.org/wiki/Russo-Ukrainian_War)) started on February 24, 2022. If anything, BTC went up back then, namely from $37k on February 24 to $44.5k on March 1, and then up to $47k on March 31. The biggest impact on the price happens at the beginning, and Bitcoin was doing alright then. What's been going on with the price later has nothing to do with the war, IMO. Moreover, the war also gave new publicity and usage of Bitcoin, as Ukraine started actively accepting Bitcoin donations.

Maybe it's just one part of the equation, but as we have seen, the war has been ongoing for more than a year but the bitcoin price has recovered already. From the lowest lost of $15,500, we have doubled it and reach $31k already. It's just on the correction right now, nevertheless, we can't blame the war as the only reasons. And the timing, the war started when we are in the beginning of a bear market.

We have the terra luna and then the ftx collapsed that contributed last year for the price really going down low. And then now the banking crisis in the US and in EU, but it seems that it has a positive impact as investors are looking for crypto to hedge their wealth.

I think the regional conflicts don't have any direct impact on price of Bitcoin, however such geographical conflicts may have significant  negative effect on global economy and financial markets. Consequently , such conflicts cause rapid increase in inflation due to disruption in supply chain, which ultimately creates negative sentiment among investment communities and prices of high risk financial assets, such as stocks and bitcoin start falling. This is how the  regional conflicts may have cascading impact on financial markets, ultimately affecting the prices of financial assets.

You better provide dates or data to support your claim. Even if that were true, how would you explain the previous bear market then? As far as I remember correctly, there is no war back then. You should remember that correlation doesn't mean causation. Sure, countries in war probably mean people are less inclined to invest in high-risk assets, but it is hard to judge how much that contributes compared to other factors.

I believe financial ideology contributes more toward their crypto attitude. Not every government purely decides based on profit. Even if there is no war and every country is doing trades with each other, you can't expect all of them to have the same attitude to crypto. CMIIW.

I agree with you there that global events such as political conflicts, economical sanctions, and regulatory changes can affect the price of Bitcoin and other cryptocurrencies. For example, when there is uncertainly or instability in the global financial system, some investors may turn to cryptocurrencies as a store of value or a safe haven asset, On the other hand, negative news or actions from governments or central banks can create fear and uncertainty among investors, leading to a decrease of demand and a drop in prices.

The relationship between geopolitical events and the cryptocurrency market is complex and multifaceted, and it is important for investors to carefully consider a range of factors when making investment decisions.

The effects of war on Bitcoin are uncertain and can vary depending on the situation. In some cases, people may turn to Bitcoin as a safe haven to protect their wealth during times of economic instability caused by war, leading to an increase in demand and a rise in price. However, if the war causes significant disruptions to the global economy, adoption and use of Bitcoin may decrease, and its value may become more volatile. Overall, the impact of war on Bitcoin is difficult to predict and can be influenced by many different factors.

OP, you are only capitalizing on just one thing, "war," which is not the only thing that is making the Bitcoin price fall; some other factors like government policy, economic news, inflation, and other bad news also lead to the price decline of Bitcoin. Currently, the use of cryptocurrency in the US is not really favorable due to some rules, and even some banks have restrictions on the use of debit cards by their customers to purchase bitcoin. So, you can see that it's not only war that affects the price fluctuations of Bitcoin. Even Last month, 50,000 bitcoins were discovered
by the government, from a hacker, and the government sold about 17% of those bitcoins, which I think also led to the price decline of bitcoin last month.

Prices will still plummet temporarily since war affects fiat and economic crisis affects all prices. But BTC is resilient to crisis and war which is why it still can be used by regardless of sanctions.

During the start Ukraine-Russia war, they were also using BTC sending money in and from in both countries.
The next war I suppose is Chian vs US and the reason is Taiwan. This is bigger than Russia-Ukraine war and will affect just about everything when China is involved.

One of the main reasons for the peace of any country is the economy of that country. Countries are not at peace with others when economies become unbalanced.But I don't think Bitcoin has anything to do with these. Because not all countries are dependent on Bitcoin.The war in 2022 due to the fall of Bitcoin is completely wrong and not due to inflation, It may have been due to diplomatic reasons of other countries.It's natural that the fall in the price of Bitcoin could affect investors, but it had nothing to do with the war.

All countries in the world do not want war to happen because it has an impact on all sectors ranging from the economy to very important problems, namely destroying human psychology.
In the economic sector, inflation. When inflation appears, it can damage all systems that damage working human resources.

If the Bitcoin price situation has decreased or has difficulty moving up, the relationship between Bitcoin and war does not always occur on a negative scale.
You can read the full history of Bitcoin, when it was launched, when the world's economic conditions were how Bitcoin was born and how the process of Bitcoin was born.
All of this is so that you can find definite answers with clear data.

speculators always take advantage of viral moments that occur for their own benefit, and speculators also do that to bitcoin, so don't be surprised when negative things arise ^{(such as issues of war or pandemic)} the price of bitcoin will fall.

but it won't last long, because for sure the price of bitcoin will strengthen again ^{(the issue is when the price of bitcoin falls, speculators buy again at cheap prices)}

as long as the war doesn't happen so badly ^{(up to 50% of the world)} that causes a lot of infrastructure to be damaged, don't worry about the price of bitcoin, because bitcoin has proven to be very resilient to any issues.

I believe that war can effect the price of Bitcoin, but if we look at the history of how the price of Bitcoin has  been fallen, I can't claim that the currently it is  only war that is having serious impact on the price of Bitcoin. If I may describe the current state of Bitcoin, it would be due to all the negative news coming from various directions, such as government regulations, exchanges going under, and so forth. These factors have caused some investors to become fearful and begin withdrawing their funds from investments, and some nations have banned Bitcoin, which has slowed the growth of the cryptocurrency.

Op I don't think any powerful war have happened since existence of Bitcoin  that have effects on bitcoin like and there of bear market since expected that of Russia and Ukraine which you claim it have affected the price of bitcoin which I can't say it play serious part in it. I aware that war is not a good thing and if it happens in countries that adopted.I am sure it will cause seriously damage in the price of Bitcoin but recently war is not the main causes of price dropping.

I think as more sanction from the US was imposed on Russia it plunged the price. War naturally wasn't meant to push Bitcoin price that dip but as various nations particularly the US seized from having deals with the Russians and also triggered other nations to follow suite price of Bitcoin kept plunging. Wars impact on Bitcoin price was felt most when more countries got involved. It wasn't really Ukraine-Russia crisis that made price plunge so deep but sanctions did.

War is within us. War can not be removed from us.  And if bitcoin price will reduce because of war in the world then the price will never go up again. As Russian and Ukrain war is subsiding, Sudan has started and evacuation of other countries citizens as started.

Whenever war starts in any part of the world it affects other parts directly or indirect and also all sphere of life and the economics institutions are more affected than other parts. In the contemporary age, the technological area is much more affected in the war zones. And if the technology is badly affected then it has affected the bitcoin blockchain in the war zones. War is not good but we can not afford it because it within us. One thing I know that affected bitcoin price is not necessarily war but the demand of buying and selling.

How about those people thought like me that the pandemic will bring the worst of bitcoin? But it tends out that I was wrong with that thought when I've compared and associated bitcoin and the pandemic.

Until then, there's now the other factor that's said affecting bitcoin and that's the war.

If we'll analyze all of these, as long as these factors do affect the common basic and supply of bitcoin. Then, that's where the prices are going to be totally affected by it.

In my opinion, this is a form of self-preservation for some people who have failed to maintain their primary source of income from working. We know that during the pandemic, many employees were laid off by companies for various reasons. The number of employees in the world is very large, we can say that 80% of people in the world work for companies and we can call them employees.
Not everyone is fired, but almost everyone wants to get other sources of income to meet their needs. Many people see cryptocurrency as a savior to their concerns for additional income, so many people started buying cryptocurrency when the pandemic happened.

Meanwhile, when the war between Russia and Ukraine broke out, we realized that in the first few months since Russia announced the war on Ukraine on February 24, 2022, the BTC price tended to decline over time. Although this is not solely due to the war, we must realize that Russia has a significant role in the world of cryptocurrency. Do you think this price change is not caused by Russia's actions?

War affects the price of Bitcoin, depending on which country is at war.

You are right but the truth of the matter is, such global crisis will definitely affect the price of Bitcoin for a while before Bitcoin will build it liquidity around it to push it price above the situation resistant conditions, take for example, in the early stage of the 2019-2020 covid pandemic,  the price of Bitcoin and other digital assets suffered a price fall greatly, and if you can take the time to check the price chart at that time you will see that Bitcoin price fall significantly.

But then that does not stop Bitcoin from reaching and all time price in the same year due to the fact that, in the middle of the global crisis where there was a lot of restriction,  online payment become the only option and Bitcoin and other cryptocurrencies that offers trance border transfers become the best alternative in the middle of the economic and financial crisis that came along with the pandemic,  and that single reason pushed the price of Bitcoin to reach a new all time high due to high demands.

In my opinion, the biggest problem is that energy prices can go up like crazy and if the technology doesn't keep up (both in efficiency and prices), maybe it gets too expensive to mine Bitcoin and small mining operations stop activity and then only major operations can keep their business. That can represent a bit more of centralization and that is not good.
But on the other hand, the network might eventually adjust difficulty and make it easier to mine blocks and eventually reduce the price of mining.

About the war and the effects on the network, it may have also 2 sides. Bitcoin can be as good as bad. States and governments like to have control over the population and in this sense, Bitcoin is bad. On the other hand, Bitcoin can help countries that are facing economic, political and financial restrictions to circumvent those same restrictions. So, as we say in my country, this is a double-sided knife blade in this scenario.

Bitcoin will surely lose some value during times of great crisis, is what I would say in 2019, before COVID and that god-awful Territory wars within Ukraine and Russia. Judging those two conflicts and bitcoin's price during those periods, I would say that there's a good chance that it is going to rise up in value, after a really crazy drop of course.

Still, with no war of a global scale happening around today (And I hope not ever), we can't say for certain what's going to happen with btc. Some say the demand for it will drop down cause everyone's going to be so focused with keeping themselves alive and the cashflow running which makes sense, but at the same time the aftereffects of war (provided that a substantial amount of people are alive still and a good amount of them could use bitcoin) could also pose as a great way to jumpstart the economy and with it, introduce bitcoin as a bona fide currency.

Actually I would disagree with that statement for two reasons. For one the war in the Ukrainian has led to a high demand for safe assets like gold, usd, or also bitcoin. Secondly if there is a real multinational war then most currencies will go to shit within weeks. A multinational currency like bitcoin will largely benefit from that and become relevant quickly. This will however need more bitcoin acceptance points and also more education about bitcoin.

Energy prices are already skyrocketing for a large part of Europe but the miners will not stand idly by, they know how to move and consider that you can always use renewable sources to mine, indeed that is precisely the greatest incentive in continuing to mine .

I believe that war has effect on the world economy heavily. The especially for Russia. Compared to Ukraine, Russia is fairly a big country and for that war the world economy along with bitcoin has direct impact. Also Russia mined a large amount of bitcoins. 

War and strife, man, those words freak out investors big time. But when it comes to Bitcoin, do we need to sweat the small stuff?

In my book, the golden rule for solid investing is keeping your cool when things get rocky. Sure, conflicts and crises can shake up the market, but they can also pave the way for growth and innovation.

Look at Bitcoin, for example. Despite the past year's chaos, it's been crushing it, adapting to market shifts and nailing every challenge thrown its way. With more peeps hopping on the crypto train to safeguard their dough, the future's looking hella bright.

So, if you're biting your nails about the world's state, remember: there's always a silver lining. And with Bitcoin in your corner, the sky's the limit.

that is very true, it is like they have more reasons to go into renewable energy and the rising energy prices will be their inspiration to continue on this mining activity without the help of these energy companies. this is why some large mining companies are investing in renewable sources, deploying solar panels in their mining farm or maybe wind turbine. these 2 are the most popular renewable sources to be used by miners. and remember, solar panels are getting cheaper these days.

Not only consider that states like El Salvador have built a mining farm inside cointainers only for scientific purposes at the moment but using geothermal renewable energy...therefore they take the energy that would be lost to transform it into bitcoin...greate

In my country, the war is going on all over the world. It is a war that is taking place in the middle east and we are in a war zone right now. 
 
There are a lot of countries that are trying to get rid of the war and they are doing it because they are afraid of the war. 
 
So, what is the effect of war on bitcoin?

Bitcoin is the economic tool like the Stock Market assets,So their will be some effect on the bitcoin during the war time.When we compare the Russian war on Ukraine,mostly the oil price had changed a lot.Because both the country based on the oil and they are oil exporters.The oil price is keystone of the economy,So it also had impact on the most of the goods prices.This also increased the price of petroleum products.The most of the commodities were influenced by the oil price variations.Due to oil price increases,most of the countries get into the huge inflation.As like stocks,the prices of the bitcoin had reduced a lot due to the withdrawal of funds from their crypto currency assets.

It depends on the war zone, I don't know what country you are from and why the war is happening. But if we take the example from the war between Russia and Ukraine, it will have some negative effects not only on bitcoin but also on the whole world economy, and bitcoin is a part of the economy, so it's hard to avoid. The war between Russia and Ukraine is not just a war between two neighboring countries, it is a war between the United States and its allies at war with Russia. Moreover, they are the countries that have a great influence on the world economy. It will be very different from wars between smaller nations.

There are many factors to watch out when it comes to Bitcoin price change.  Many things can affect the market.  Not just only wars, but also other things too. But yes, when some countries face economical problem, it somehow effects the Bitcoin market too. I guess it totally depends on sentiments of market.
When the war begins, many big holders in those countries choose to sell their Bitcoins in order to survive or some other reasons.  But the effect is temporary, as we have seen many times already.  Bitcoin has the ability to go to the bottom and then come back to the top.  Next halving or other reasons could start the next Bull Run.  So there is no need to worry about those facts.  All you need to do is hold. 

The war effect contribute Bitcoin price down fall, as long they is war, it really affect the country economy, which we results less demand of Bitcoin, because Bitcoin price change by demand and supply, but Bitcoin we recover back sooner or later Bull Run we start and is the right time to invest in Bitcoin.

Bitcoin price changes from time to time depending on the situation and no war effect here. The previous Russia-Ukraine war saw a drastic change in the Bitcoin market. In that case we can say that countries consider security in Bitcoin for their economic reasons and accept Bitcoin as an asset. The economy traded bitcoins from various countries on the battlefield, which led to an increase in demand and an increase in the value of bitcoins. No country wants them to go to war because in this case various economic and resources of the country are particularly affected. To make up for these losses, they use Bitcoin to meet inflationary demands during wartime. However, if the Bitcoin market goes up or down because of this, there is no war relationship or policy because the religion of the Bitcoin market is to rise.

Not correct , because the war of Ukraine and Russia only put small effect in Bitcoin price but afterwards the value recovered so don't say that bitcoin starts dropping just because of that war.
though maybe if you will tell about worldwar? then that may bring big effect to the prices (but if this are going to happen in which I doubt in the sooner time)

For me, with or without war, Bitcoin is always a good use case for all geopolitical issues. Just think of an asset that no one can control and you can use it on most of the countries.
Bitcoin has the potential to be flexible in the face of geopolitical turmoil as a decentralized, global digital asset.

I think the war surely influenced Bitcoin, but it goes down not because of the war.

Bitcoin is going down since 2021 and a lot of things happened since then. The pandemic was the hardest hit on Bitcoin and the consequences of the pandemic were a damaged economy and inflation which appeared because the government started to print money. So the economy already looked bad every before the way. But fur sure, the war has boosted inflation and damaged the world's economy even more.

But I think there is also a good thing for bitcoin. The war has shown people that banks can stop working and you will lose all their money. A lot of people started to use bitcoin to save their money, make transfers and donations to Ukraine.

I believe that it will not significantly impact the overall crypto market since we are decentralized and not owned by a single country. Look at what happened in the past with China's ban on bitcoin. Although the market panicked, bitcoin eventually reached a new all-time high. Bitcoin and fiat are different; during times of war, fiat will suffer, but bitcoin will prosper. That's my take.

Wars and pandemics and all don't exist in a vacuum. They have ripple effects that would extend to so many aspects of our lives. In the same manner that a virus wreaked havoc to global supply chains, government debts, employment, inflation rates, and others, the Ukraine invasion has also caused significant economic changes. It could even mean a serving of chop suey in a lowly eatery somewhere in my city far away from Ukraine will increase in price. It could affect Bitcoin as well. But this isn't the only, not even main, factor.

indeed, if you look at it, the war with bitcoin is not significant, but the connection may be that when the war occurred and resulted in a decline in the global economy, investors experienced a decline, due to economic difficulties. but during the ukraine war until now, bitcoin touched the lowest price of up to $ 16k and is currently increasing almost 2x, from that we can actually take advantage of it in the past to make profits in a short time even though it is still in a bearish season, taking advantage of the moment to be the key to success in investing in bitcoin

Before that, there were many predictions that in 2022, we would enter the bearish season when bitcoin hits ATH $69k in November, and bitcoin also starts to decline from there. At the same time, the consequences of the covid pandemic also began to hit the world economy, and war suddenly occurred, making everything worse. I agree that the aftermath of the pandemic and war has affected bitcoin, but if we had no covid, no war, and no economic crisis, we would also enter the bear season. It is a 4-year cycle of the market, they will take place even without the impact of external factors.

But you're right, bitcoin was created out of the 2008 economic crisis and along with this crisis. It further shows us Satoshi's vision and the creation of bitcoin is an entirely right thing. Banks are collapsing, and fiat currencies are losing value, but bitcoin is doing very well despite the growing crisis.

Personally, I think wars have more negative effect on the local currencies of the countries involved, and not bitcoin, Infact, to make it even plain, wars rather bring positive impact to bitcoin because, when countries go into war, the local currency of that country is unsafe to hold, those who care would be looking for alternatives currencies to hold their money in, and that is when bitcoin comes in.,

The fact that the price of bitcoin reduced during the time russia and Ukraine went into economic war, might not necessarily mean that that was the reason the price of bitcoin came down..

I think it depends on the size of the war. Because Yemen has been at a war with Saudis and they have been in poverty and children are dying and there has been a ton of trouble there for many years. Have we seen that change anything at all? I do not think that it changed anything for the long time to be fair and I feel like there is a big case of trouble going on right now.

I believe that we can't really focus on anything that is just a war, we need something that impacts the whole world. Why did Russia vs Ukraine impacted economy? Because that resulted with many rich wealthy western nations not only send a lot of money to Ukraine to help them defend, but also Russia to have sanctions and get poorer at the same time. This is why there is a big difference between wars, some do impact the price, some don't.

Bitcoin is not causing any sentiment because is not never pegged to a particular currency so people can freely use it without any issue. This major problem behind this high fee is nit because of the war in Ukraine or in Russia. This is due to the congestion of the mempool leading to increase in the network fee. I am very sure that those that have nodes would be very profitable this time because they will be the one profiting from the high network fee that investors and traders that are running transactions will be paying.

there are always bad and good impacts with the occurrence of war, even though if the war does not spread to other countries, of course it will not have too much impact on the world economy so that it is disrupted, which in turn also has an impact on bitcoin.

it is true what you said that the biggest impact was because the pandemic that occurred made countries have to spend extraordinary funds for health, triggering enormous inflation.

but indeed when the war situation is raging, it is certain that the economy in warring countries will be greatly affected, especially for trade which must be disrupted by distribution, not yet with the non-recognition of the value of its currency for international transactions and there the role of bitcoin is felt and helps from the needs of every payment transaction that occurs , so it's no wonder that many make bitcoin as a tool that can help.

War is different from the pandemic.  War can destroy infrastructure, pandemics do not.  So in case war erupts globally,  it is obvious that destruction will hinder communication.  when communication is down, it will be hard to do trades so possibly the Bitcoin market may come to a halt. With many lives lost and poverty due to war, it is obvious that Bitcoin will lose its demand since people will be prioritizing their basic needs for survival.  More or less Bitcoin market will be in a decline.

This one is easy!

We all know that in times of conflict, or should  I say war comes,  you expect all financial systems and banks to go down leaving people to go the old skool way of barter system were someone with medicines can trade for food or anything they like...and bitcoin being such a currency without boarders having to own it can mean going to any neighboring  county without having to worry about cash and the alike, which increases  your chances of survivor...

But then again,  bitcoin being an asset that relies on internet  infrastructure I think it will be difficult to use as the other conflicting team could target communication structures to cutoff any kind of coordination which makes btc useless to some extent...

It is important to avoid attributing every economic downturn solely to the conflict between Ukraine and Russia, especially when considering regions with no significant history of cryptocurrency trading, development, prominent cryptocurrencies or unique regulations. In fact, recent changes in the cryptocurrency landscape in the United States and China may have had a greater impact. Additionally, the current trend appears to be consistent with expectations among experienced traders who anticipate a slight downturn at this time.

I'm really getting tired of people looking for ways to explain every little dip in price or every little pump. Maybe this time it's war in Ukraine, or something Buffett had said. Was it the CPI print, rate hikes, rate cuts, congressional hearings on bitcoin, El Salvador adoption, Chinese bans, banking crisis, bailouts, Jamie Dimon, Roubini, or maybe Musk...
Nobody cares, maybe it's just a simple supply and demand thing? Price action as traders call it. People decided that it's not making it to 35k this run so they're selling to buy back at 25k. Don't try to blame everything on external factors.

I agree that war is different from pandemic but both can cause economic crisis. If there's a war just like what happened in Ukraine, the internet connection is disrupted and it difficult for them to communicate. So institutions and banks will be having difficulty to trade if there's no internet connection and would affect the market price really hard that could lead to a massive down fall. But the thing is, there is no chance of having a war just like what happened before, in our history. That's why for me, anything that can cause economic crisis can be taken as an advantage for whales and institutions by buying an asset in a very discounted price before it goes up.

Yeah there is no question that the war in Ukraine is a big part of all of the economic turmoil across the glob right now.  Once this war became about, almost immediately there was economic suppression and some seriously messed up economic aspects of our every day lives such as inflation and interest rate issues.

War is sickening, and there's always a way for peace. Imagine what our economies would look like if we didn't spend so god damn much money on war.

Bitcoin is just one victim amongst many.

People may think that a situation like war or pendamic can make bitcoin pump or dump, but I think we should not wish for these two extremes situations only to gain monetary gains.

Another thing to note or food for thought is that war is something which we do not see often. It may take year's or decades until there is any situation of real war. Also these days the wars are deadly as mankind have developed explosive weapons that may destroy the people / places in very quickly in short span of time.  When people lives are not safe, I don't think any investment market can survive or grow in these worse situations.

War is never recommended in the lives of human, but as everyother thing created by humans or God it has its economic importance and War is not an exception. Aside that, Bitcoin is a currency that survives regardless of any economic condition. The topic should be "the effect of bitcoin on war" because bitcoin is not affected by war, its just the price pegged to fiat that is, so in the actual sense, imagine people who fled Ukraine during the first Russia attack or invasion, many left their fiats destroyed and houses collapsed from the said weapons you just mentioned. What happened to bitcoin? nothing, did you hear any bitcoin got destroyed. Citizen who own bitcoin left the country with any amount of bitcoin without worries of its weight. I think war has nothing against bitcoin, rather bitcoin has helped people escape war and begin a new life somewhere else maintaining the same status; had their funds, such citizens didn't end as refugees.

Well it is true. But it is also true that these effects are temporary. How the world is going to react to the world will impact the entire economy, and this will also impact the Bitcoin market. Those wars, where many countries are involved, will have less impact, where there is the other county defending itself from the entire world. As we see with Ukraine vs Russia war. Many are trying to help Ukraine by providing many helps while trying to take away powers from Russia. So in this process, we are facing economic crisis.
So yeah, some wars have impacts while some doesn't.

The world has been facing economy crises, and the Russian and Ukraine war has made it to effect Bitcoin price, during the last Bull Run was dropped as the results of war, actually Bitcoin is gradually growing back, which all eyes is on Bitcoin as number one cryptocurrency digital assets.

Internet connection is very important on cryptocurrency since we cannot do any transaction if connection is off. Knowing how big the effect of the war and for sure internet signals will take long to get fixed if your country will be totally destroyed by the war. For sure bitcoin's economy will face a hard condition since maybe this can create chain effect to other countries and they dump  to. But as said thus is temporary only and maybe other investors on different country will start to accumulate and even if there's no participation on a country affected by war bitcoin will still rise.

Internet as of this time is very important in cryptocurrencies because you can't do any actions with your funds if there's no internet access. However, there are practices already that you can do a transaction without internet connection, and that was tried on Bitcoin. One them are through SMS[1] and Radio Waves[2]. It may be tricky for now but I think we will become familiar with it in the future.

[1]https://rusnak.io/how-to-push-bitcoin-transactions-via-sms/ (https://rusnak.io/how-to-push-bitcoin-transactions-via-sms/)
[2]https://cryptomode.com/ham-radio-waves-pave-the-way-for-global-offline-lightning-network-transactions/?_gl=1*1lu7a07*_ga*YW1wLWtnR0NQcjRzNk9WdmQ0TzBjTHNUVW0ySlM0c0daM3gwQ2lTSXFjSEo5bnNvbU1KOUpxRTVBZkdYZ1NIbHlBWkw. (https://cryptomode.com/ham-radio-waves-pave-the-way-for-global-offline-lightning-network-transactions/?_gl=1*1lu7a07*_ga*YW1wLWtnR0NQcjRzNk9WdmQ0TzBjTHNUVW0ySlM0c0daM3gwQ2lTSXFjSEo5bnNvbU1KOUpxRTVBZkdYZ1NIbHlBWkw.)

Many economic crises occurred during the time of bitcoin present ranging from covid19 to the war between Russia and Ukraine but there was no major influence on the value of bitcoin, even at a time when the value of bitcoin increased and many people used this opportunity to make ends meet because many workers were laid off at that time, so the ups and downs of bitcoin it depends on the crypto market itself and part of the negative news is about the use of bitcoin to its price  If the news proves to have nothing to do with Bitcoin, then the current war has no effect on Bitcoin's value.

Well, wars have effects on global economy including Bitcoin and generally cryptocurrencies.   For example, when Covid pandemic occurred, the world economic faced a huge crisis  and it was widespread. Similarly to Bitcoin, it has decreased dramatically to $7.3K , same crash  happened to the whole market due to majority of cryptocurrencies are related to Bitcoin that means they are fully decentralized. However, the opposite happened when Russia’s war in Ukraine has began, there was a plenty of countries who faced financial crisis, meanwhile Bitcoin has rose remarkably. In conclusion, the war could be fruitful on Bitcoin or unbenefical.

From my perspective concerning bitcoin downfall, I believe that no country have rise against bitcoin increment and bitcoin decrement, I will say you narrated these base on your personal understanding of bitcoin or cryptocurrency generally, I believe that what is keeping bitcoin to rise or fall is not mainly on speculation rather base on negativity people portray of bitcoin, bitcoin increment will be really makes people who invest in be to be excited while people who carried out negative information when bitcoin is on the state fluctuating or state of  flux is people who is kicking against the development and adoption of bitcoin precisely.

So without any of that all transaction will be on hold and no growth for cryptocurrency will happen at that time. But we are now living on modern ages and once the war is over for sure the infrastructure and other related to communication will be fix first. Government will make it as priority since internet and other signal towers for communication is important for their rehabilitation. Hard to execute that transaction without internet and provably bitcoin users will just wait for internet to comeback before doing any transactions.

The modern age will not stop war, it can delay it and war is happening daily, you can see it in Europe, Asia and Africa, it will not stop forever. The war that will affect bitcoin is what we have not seen, the war that can be so affecting will be the war that may involve America or NATO. Cryptocurrency will be affected and may go dark in that kind of war.

But it will not stand still as you think, the war will drive the price unless there is no power or internet to access it.

In terms of the global pandemic of 2020 that amidst it still bitcoin market surged high like you said, true it did and that's because there was a huge cooperation all over the globe from both international organisations to countries and individuals against a common enemy the COVID-19 but in a war situation the conditions are different on the people. In a situation of a global war bitcoin would not stand a benefiting chance in the sense that respective countries and even individuals also would be pulling out their investment suddenly each to their own welfare and sustainability.

And it's likely that countries that have investment in bitcoin would pull those investment off to use the proceeds to strengthen herself military-wise, while on the other hands individuals would need money to be able to stuck foodstuffs and others needs of sustaining themselves throughout the war period. All of these actions would rather be negative to bitcoin price falling drastically and there's no benefits in that case.

I don't see how the Russia-Ukraine war had any effect on the price of Bitcoin knowing none of these two regions are too popular for Bitcoin adoption nor do they have accepted Bitcoin as a legal tender or something, and when something is not even closely related to another thing, I don't see how anything bad or good happening with the first thing can have any negative or positive effect on the other thing.

If Bitcoin was being widely used in Ukraine and then the internet and everything gets disrupted and people stop using Bitcoin all of a sudden or sell everything they had due to the war then that might have affected it, but I don't think anything like that happened.

Yes that's true, even something big happened i think bitcoin still survive no matter what happens on this world execpt meteor has coming to destory earth  :P

We all know the moment of bullrun comes when something happening like covid in 2021. which is bitcoin continue growing with positive vibes at negative issue on this world. reality and crypto is different thing that can't be related to each other because bitcoin is solution as safe asset and not affected by crisis economy. I hope in the next year tren bitcoin will hype again

I agree that the case with pandemic is very different from war.  People are shut in their house during the pandemic but the infrastructure are intact and they have continues connection of internent.  People are also exposed to being online since they have more time to browse the internet and learn things that they don't understand.  Besides, people are looking for an alternative income so it is also the possibility why Bitcoin did not crash during the pandemic.  While when there war, the destructive effect of bombing can destroy facilities that may halt the service of internet providers.  If that happen it is obvious that Bitcoin market will be negatively affected.

Ther might be a crisis and a food shortage is very possible.  People instead of putting their money on Bitcoin will rather use it to buy necessities for survival.


As long as there is a single entity/unit that is mining the chain, Bitcoin will continue to operate even if it is an apocalypse.  Bitcoin operation only stops when all the miners shut down.  Bjut obviously market will behave in a different way.

There are always effects that occur from the Covid case and currently Russia's intervention in Ukraine, but if that doesn't affect the world economy, then it's certain that bitcoin won't be affected either. what makes bitcoin clearly affected is the economic crisis which will make it clear that purchasing power will decrease and the impact on bitcoin will certainly be affected, because bitcoin can move up or down due to movements in trades that are indeed active.
but I agree that with the existence of bitcoin, when covid occurred many were affected by work and were helped by trading from bitcoin.

It is hard to know how the majority will react. Also, the price depends on whale action also.