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Author Topic: Gulf Arab Countries Just Cut Relations with Qatar  (Read 578 times)
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June 05, 2017, 04:45:05 AM
 #1

...

Just hitting all the news sites.  Lots of theories and speculation.  Maybe Qatar is cooperating more with Iran (to move NatGas to Asia and give up on the pipeline via Syria to Europe), but who knows...

Gold not up much ($2.00 or so).  BTC up about $52, but was up before the news hit.  Crude up some $0.50.

This is a very strange and disturbing development.  Watch this.

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June 05, 2017, 05:54:47 AM
 #2

Well if BTC was up by that margin before the news then it doesn't have any direct correlation with it , I can rather relate maybe the crude oil prices to the news if it is credible.
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June 05, 2017, 10:22:00 AM
 #3

LOL, funny considering it was UAE involved in bribery trying to ruin Qatar's reputation. These Arabs can't even get along with each other.

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June 05, 2017, 11:38:27 AM
Last edit: June 05, 2017, 11:50:41 AM by hosseinimr93
 #4

I can't find any relation between Arab countries relations and bitcoin price. Deal with bitcoin is not so common in these countries.
These can not affect on bitcoin price.
By the way Behavior of Arab governments is so strange to me.


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June 05, 2017, 04:10:17 PM
 #5

I do not think there is correlation between bitcoin and middle-east countries.
It is simply because supply and demands that push and pull bitcoin prices

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June 05, 2017, 04:13:03 PM
 #6

Looks like a power play between MiddleEast countries rather than the official explanations.

I don't think it has much relevance on the bitcoin price though and with unconventional oil sources being profitable even at current rates I don't think the MiddleEast is all that relevant for even oil prices anymore. Of course if suddenly all their oil went offline it would spike the prices faster than we can adjust other methods of production but thats unlikely in any scenario other than some kind of huge regional conflict.
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June 05, 2017, 04:20:42 PM
 #7

What I heard is Saudi Arabia and other middle east countries have said Qatar cannot be trusted and it's out of any negotiations because they basically consider it a terrorist-supportive country.

It's pretty insane considering the soccer world cup is going to happen in Qatar I think.

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June 05, 2017, 04:35:53 PM
 #8

I wonder if there was a Trump effect there then again Qatar is an area that a certain set of countries have wanted to have control over for years.
https://www.theguardian.com/world/2017/jun/05/saudi-arabia-and-bahrain-break-diplomatic-ties-with-qatar-over-terrorism
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June 05, 2017, 05:18:00 PM
 #9

Bitcoin is less affected by news like this than crude. Though it's gonna be a big play in Gulf contries.
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June 05, 2017, 05:43:09 PM
 #10

What I heard is Saudi Arabia and other middle east countries have said Qatar cannot be trusted and it's out of any negotiations because they basically consider it a terrorist-supportive country.

I heard the same thing. That is a terrorist-supportive country. I Googled more news but each is different... Some even said that they are invading Dubai, ( I think those are fake I HOPE ! ). Really a lot of spam news last weeks... Cant even understand what is true any more.
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June 05, 2017, 06:58:18 PM
 #11

It has been confirmed that he Gulf is in the biggest diplomatic crisis in years, Arab member countries had severe ties with qatar for supporting terrorist I think the prices of crude oil will mostly be affected by this crisis and it is not going to affect the price of  bitcoin none of the affected countries had adopted bitcoin as a means of transaction.


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June 05, 2017, 07:14:45 PM
 #12

I'm not certain about the politics behind this.

Donald Trump recently signed a $300 billion dollar arms deal with saudi arabia.

Qatar may have been part of that deal.

We'll have to wait awhile for confirmation to see how this plays out.

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June 05, 2017, 07:42:45 PM
 #13

They are cutting ties with Qatar because Qatar wants to be allies with Iran whom they are detest, and now they are framing up terrorist sponsoring allegation against them whiles they have no prove whatsoever. Any one of them could be sponsoring terrorism for all that we know.



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June 05, 2017, 07:46:34 PM
 #14

I don't think it will affect BTC in any way. Unless Qatar Government takes some unpredictable move to declare Bitcoin as National Currency (/jk)
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June 05, 2017, 07:48:30 PM
 #15

They are cutting ties with Qatar because Qatar wants to be allies with Iran whom they are detest, and now they are framing up terrorist sponsoring allegation against them whiles they have no prove whatsoever. Any one of them could be sponsoring terrorism for all that we know.

Why would they want to be allies with Iran more then with the other Arab countries? They dont even share the same beliefs, do they? And does Iran have more oil-money then the others? Strange development and it's even more weird that there are no officials speaking about why they did what they did.
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June 05, 2017, 08:06:32 PM
 #16

...

Just hitting all the news sites.  Lots of theories and speculation.  Maybe Qatar is cooperating more with Iran (to move NatGas to Asia and give up on the pipeline via Syria to Europe), but who knows...

Gold not up much ($2.00 or so).  BTC up about $52, but was up before the news hit.  Crude up some $0.50.

This is a very strange and disturbing development.  Watch this.



I read this in the news as well and really don't understand the implication of their alliance in the first place and now that things are falling out all together, I would appreciate a better and detailed analysis if the fall out of a decision like this. What I know is that before it get to the point of breaking the alliance, there would have been several talks and counter talks to avoid the inevitable which is eventually happening.
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June 05, 2017, 08:52:00 PM
 #17

I clearly see this political move because of the pressure from America,their motive is to break ties of Qatar with Iran,it is a really unfortunate situation and the final verdict will be that America will be playing the middle man here to rectify this issue and will fold Qatar just like that,meaning they will be forced to accept the majority.
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June 05, 2017, 11:09:40 PM
 #18

It's not a good development as I read this today in the national newspaper, i hope that these countries will be able to resolve their differences amicably as they've been blessed with oil they will focus and not let someone come and steal their oils or takeover control of it.
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