Nice terror attack effect on bitcoin?

[Ibian]

Yeah obviously there is no connection. Still, this is the thing to do nowadays, so here we are.

[quake313]

Bitcoin don't seem to care about the coup attempt in Turkey either...

[elite3000]

Bitcoin is a parallell world.

Things that care to real world, like terrorist attacks and things, won't affect BTC

Things that the world doesn't even know about, like the block halving, affect BTC much more than everything else

[The Sceptical Chymist]

Bitcoin don't seem to care about the coup attempt in Turkey either...

Why would it care?  Why would any world news affect the price of bitcoin?  Bitcoin isn't a safe-haven asset.  Look at the price today compared to two months ago--we went from 420 to over 700 very quickly, and that isn't safe.  It could easily have gone the other way.  Besides, everyone knows what gold is and have a good idea that it's a place to park money in turbulent times.  Not a hell of a lot of people know or care about bitcoin.  And most of the ones who do are smoking cigarettes in the dark.

[protokol]

Bitcoin don't seem to care about the coup attempt in Turkey either...

Why would it care?  Why would any world news affect the price of bitcoin?  Bitcoin isn't a safe-haven asset.  Look at the price today compared to two months ago--we went from 420 to over 700 very quickly, and that isn't safe.  It could easily have gone the other way.  Besides, everyone knows what gold is and have a good idea that it's a place to park money in turbulent times.  Not a hell of a lot of people know or care about bitcoin.  And most of the ones who do are smoking cigarettes in the dark.

In terms of "safe-haven assets", your points are valid.

However, a general de-stabilisation of governments and/or currency could easily have a positive effect on Bitcoin value. One historical example of this would be Cyprus - I doubt many Cypriots were actually transferring their wealth into Bitcoin, but the idea that an unstable economy could confiscate its citizens funds resulted globally in other people pushing the price up.

And with a country like Turkey, NATO member and land-link to the turbulent Middle East, things could cause more of a dynamic.

[155UE]

It has to do with things that affect economical themes to make a dent into the bitcoin price.
What did Nice terror attack affect in the money there? With Turkey maybe after the coup d'etat is over then the economical reform can start happening instead of pumping it's wealth into the islamic rebel's pockets there.

[tokeweed]

Yeah obviously there is no connection. Still, this is the thing to do nowadays, so here we are.

I think a more interesting situation would be the next financial crisis.  We know it's gonna happen, but we don't know when.  Will investors flock to hedge in BTC like they do with gold?  It remains to be seen but I think all the signs are pointing to yes.

[ProfessionalBitsurgeon]

Bitcoin don't seem to care about the coup attempt in Turkey either...

Why would it care?  Why would any world news affect the price of bitcoin?  Bitcoin isn't a safe-haven asset.  Look at the price today compared to two months ago--we went from 420 to over 700 very quickly, and that isn't safe.  It could easily have gone the other way.  Besides, everyone knows what gold is and have a good idea that it's a place to park money in turbulent times.  Not a hell of a lot of people know or care about bitcoin.  And most of the ones who do are smoking cigarettes in the dark.

In terms of "safe-haven assets", your points are valid.

However, a general de-stabilisation of governments and/or currency could easily have a positive effect on Bitcoin value. One historical example of this would be Cyprus - I doubt many Cypriots were actually transferring their wealth into Bitcoin, but the idea that an unstable economy could confiscate its citizens funds resulted globally in other people pushing the price up.

And with a country like Turkey, NATO member and land-link to the turbulent Middle East, things could cause more of a dynamic.

Wars, social instability, plagues. If it hurts mankind, it's good for bitcoin.
Somebody on /r/bitcoin is already trying to get people in Turkey to buy some. Not kidding.
"It's 2 am. My country is in the midst of a military coup. Social media is blocked.
Think I'll browse /r/bitcoin and see if some dude there could give me some valuable advice re. my current predicament. Links to the bitcoin wiki and exchanges would be super helpful..."

[maku]

Bitcoin don't seem to care about the coup attempt in Turkey either...

Why would it care?  Why would any world news affect the price of bitcoin?  Bitcoin isn't a safe-haven asset.  Look at the price today compared to two months ago--we went from 420 to over 700 very quickly, and that isn't safe.  It could easily have gone the other way.  Besides, everyone knows what gold is and have a good idea that it's a place to park money in turbulent times.  Not a hell of a lot of people know or care about bitcoin.  And most of the ones who do are smoking cigarettes in the dark.

While bitcoin is is not safe completely asset in times of crisis it is far more reliable that any national currency. There are problems with reaching for money in Turkey right now.
ATM are being beset by masses of people who want to withdraw everything. If these people would own bitcoin instead of cash they wouldn't have to worry about their money at all.

[European Central Bank]

right now i'm listening to a cover of american trilogy by dread zeppelin, a reggae zep cover band fronted by an elvis impersonator.

if you don't think that's the buy signal of the freaking century then i have nothing but pity for you.

[Chuzzlewit]

right now i'm listening to a cover of american trilogy by dread zeppelin, a reggae zep cover band fronted by an elvis impersonator.

if you don't think that's the buy signal of the freaking century then i have nothing but pity for you.

Did someone mention Elvis?!?!?, Time to sell my AMC Pacer and buy some BTC!!

[The Sceptical Chymist]

Bitcoin don't seem to care about the coup attempt in Turkey either...

Why would it care?  Why would any world news affect the price of bitcoin?  Bitcoin isn't a safe-haven asset.  Look at the price today compared to two months ago--we went from 420 to over 700 very quickly, and that isn't safe.  It could easily have gone the other way.  Besides, everyone knows what gold is and have a good idea that it's a place to park money in turbulent times.  Not a hell of a lot of people know or care about bitcoin.  And most of the ones who do are smoking cigarettes in the dark.

While bitcoin is is not safe completely asset in times of crisis it is far more reliable that any national currency. There are problems with reaching for money in Turkey right now.
ATM are being beset by masses of people who want to withdraw everything. If these people would own bitcoin instead of cash they wouldn't have to worry about their money at all.

Yes, but historically (I think) people have turned to other stable currencies.  Bitcoin is not a stable currency.  If the Argentinian currency crashes, you'll see tons of US dollar coins being used to buy goods and services.  Nobody except computer nerds and doomsday preppers is going to be running to bitcoin when the US dollar crashes.  Gold & silver will be excellent things to own, but most people wouldn't even think of bitcoin, and if they knew how consistently volatile it is, they'd laugh if you suggested it.

[7788bitcoin]

Nice terror attack is not affecting bitcoin as it is an isolated case.

As for Turkey coup, bitcoin will not be the choice of "safe haven". Internet connection in the country will be one of the first to be cut and bitcoin functionality will be severely affected. Even if you have bitcoin, you can't spend them to buy the bread until the internet is back...

[pooya87]

Bitcoin don't seem to care about the coup attempt in Turkey either...

Why would it care?  Why would any world news affect the price of bitcoin?  Bitcoin isn't a safe-haven asset.  Look at the price today compared to two months ago--we went from 420 to over 700 very quickly, and that isn't safe.  It could easily have gone the other way.  Besides, everyone knows what gold is and have a good idea that it's a place to park money in turbulent times.  Not a hell of a lot of people know or care about bitcoin.  And most of the ones who do are smoking cigarettes in the dark.

In terms of "safe-haven assets", your points are valid.

However, a general de-stabilisation of governments and/or currency could easily have a positive effect on Bitcoin value. One historical example of this would be Cyprus - I doubt many Cypriots were actually transferring their wealth into Bitcoin, but the idea that an unstable economy could confiscate its citizens funds resulted globally in other people pushing the price up.

And with a country like Turkey, NATO member and land-link to the turbulent Middle East, things could cause more of a dynamic.

well, that is an indirect effect. you can't say that rise was because of the Cyprus or Greece state when in fact the reason for that rise was the HYPE which can be because of anything.

as a bitcoin user/investor when everywhere you look, you see people talking about this and saying people of that country are going to buy bitcoin with all the money they have, you panic about missing out on the rise so you buy.

[hasiramasenju]

if Nice terror attack have effect on bitcoin prices currently the prices will slide down but seems it doesn't any effect anything for bitcoin because bitcoin prices looks fine and still stable but why they always aiming France not another countries

[helloeverybody]

It will probably have the same effect as it does on the taste of my ice cream and the amount of rain we will get this weekend. None of these things ever affect bitcoin, in fact i dont know what does other than a bit of fud thrown about here and their. theres not much fomo going on either tight now so i cant see anything to do with world politics changing the price.

[Ibian]

if Nice terror attack have effect on bitcoin prices currently the prices will slide down but seems it doesn't any effect anything for bitcoin because bitcoin prices looks fine and still stable but why they always aiming France not another countries

Because they imported a lot of muslims. Like 30% of the country is muslim now.

[shadobitz]

I don't think bitcoin has any link with Nice attack or it will impact on bitcoin, it is terrible incident where some innocent lost their lives, bitcoin will keep moving with its natural growth into positive direction so that I don't think like that.

[azguard]

whit everything like this or similar are always connected or people are trying to connect with bitcoin
this and brexit are connected in price but only thing that was connected is that GBP went down

[Shinpako09]

I dont think so, i dont see the price falling down. Price is still stable atm. The case is not connected in bitcoin so Nice terror attack has nothing to do with the price.