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Author Topic: War in Syria, disorder in middle-east, and oil price will affect BTC price?  (Read 3992 times)
AceCoin (OP)
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August 30, 2013, 10:47:22 AM
 #1

i ask this because it seems that when there is economical/political instability, BTC price goes up...
perhaps i'm wrong, but i would know what other people think
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August 30, 2013, 01:25:13 PM
 #2

i ask this because it seems that when there is economical/political instability, BTC price goes up...
perhaps i'm wrong, but i would know what other people think

but there is still no US soldiers in Syria. And not much oil in Syria. US will probably wait for several more days with the attack.
Maybe more important is that summer ended and people went to work and started thinking where to put their money. And if suddenly many people decide to buy bitcoins it will surely start soaring
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August 30, 2013, 01:29:52 PM
 #3

Allthough Syria doesnt have much oil, they have GOLD.
Some consipraciies even claim that is one modivator, that in reality there is not enough Gold in the fed, and countries like Germany and France want there Gold back but -there isnt any- .  Lybia has/had a lot of Gold too. Follow the yellow brick road?

I think that they have sold a lot of Gold since that was one of the only things they could use because of sanctions and bank account freezes.

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August 30, 2013, 01:42:30 PM
 #4

Allthough Syria doesnt have much oil, they have GOLD.
Some consipraciies even claim that is one modivator, that in reality there is not enough Gold in the fed, and countries like Germany and France want there Gold back but -there isnt any- .  Lybia has/had a lot of Gold too. Follow the yellow brick road?

I think that they have sold a lot of Gold since that was one of the only things they could use because of sanctions and bank account freezes.

Mali also.

Vires in numeris
AceCoin (OP)
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August 30, 2013, 02:02:33 PM
Last edit: August 30, 2013, 02:12:45 PM by AceCoin
 #5

but there is still no US soldiers in Syria

but rebels are trained by them, like alquaida was against soviet union in afghanistan, or saddam was against iran before 1st gulf war...
http://www.jpost.com/Middle-East/Report-Syrian-rebel-forces-trained-by-West-are-moving-towards-Damascus-324033

btw i think that during a war someone could buy btc to avoid bank account frozen, to buy/sell weapons without traces, to move capitals outside "bad country"... maybe usa itself (that in this period are trying to regulate btc)...



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August 30, 2013, 03:35:11 PM
 #6

Yes exactly! Just like inthe wizard of Oz "follow the yelow brick road" as in follow the gold -- Lybia, Mail, now Syria ... next?

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August 30, 2013, 04:56:35 PM
 #7

Yes exactly! Just like inthe wizard of Oz "follow the yelow brick road" as in follow the gold -- Lybia, Mail, now Syria ... next?

*gulp* China? They have tonnage.

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jamesc760
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August 30, 2013, 11:36:37 PM
 #8

I believe India has the most gold, followed by China.
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August 30, 2013, 11:48:53 PM
 #9

i ask this because it seems that when there is economical/political instability, BTC price goes up...

There's no data to prove this. BTC went up when Cyprus announced it will seize money from bank accounts, but that was very specific, and most unusual. There are lots of economic instability in India and several European countries right now, but I don't see any relation with the price of BTC. Do you?

Another war in the Middle East would make oil reach new heights, no doubt about that, but a relation with BTC is not proven.

I used to be a citizen and a taxpayer. Those days are long gone.
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August 30, 2013, 11:57:23 PM
 #10

I haven't heard of arab countries using bitcoins.
This forum doesn't even have an arab section. It'd be interesting if they did.
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August 31, 2013, 02:13:00 AM
 #11

I believe India has the most gold, followed by China.





Of course America's gold might be imaginary, as could half of Germany's which is "safe" in that same America.

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August 31, 2013, 03:30:42 PM
 #12

The price will be rising slowly for now, then (I hope not, but..) they will try to attack Siria, BTC will start jumping up, but don't get too happy and exchange as fast as you can, because soon afterwards the price might plummet under 100$ even. The thing is, that Siria has lots  of man train for 'kamikadze' purposes + Israel is sitting right next door. Siria might not attack Israel, but some radical groups from Palistine/Liban might just attack Israel out of anger and revenge. I actually don't want for west to attack Siria and it seems that UK is wise not to interfere yet. I'm actually as crazy as it sounds on Russia's side on this one - there's no proof that rebels (or maybe even 3rd party) started using chemical weapons against civilians to provoke west to attack Siria. It's all really fishy...

P.S. I always used to pronauce it Siria, when the real typing is Syria, my bad xD
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August 31, 2013, 03:41:40 PM
 #13

Of course , if WW3 breaks all the people will start buying bitcoins.

You realize I hope that you would have to hold all the bitcoins in the world to buy only the fifth warship that has been deployed by the US recently?
Are you all some masochist that really want a war /disaster/collapse just to have the bitcoin price going up?


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August 31, 2013, 03:48:59 PM
 #14

sadists... Cry
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August 31, 2013, 07:30:49 PM
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http://bitcoinity.org/markets

the chikun rises  Grin

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August 31, 2013, 07:32:01 PM
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Syria also has a very large pipeline from the Kirkuk oilfields running right through it....USA has interest in protecting that pipeline to the coast.

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September 01, 2013, 01:48:02 AM
 #17

Of course , if WW3 breaks all the people will start buying bitcoins.

You realize I hope that you would have to hold all the bitcoins in the world to buy only the fifth warship that has been deployed by the US recently?
Are you all some masochist that really want a war /disaster/collapse just to have the bitcoin price going up?


One day an aircraft carrier will be stranded somewhere, because the marines have deserted and started shops accepting bitcoin, and the ship commander will be out of money so he cant buy the bunkers needed to get home.
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September 01, 2013, 01:59:49 AM
 #18

usa going to war with syria because Syria supposedly abused some of its own people would be like the pot calling the kettle black. 

see: occupy protests

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September 01, 2013, 02:39:52 AM
 #19

Long time a go the military was called the war ministery, now it is called defense, but tomorrow it will be called the love department. We currently only kill people with benign bombs, for their own good. Yeah, and it is adorable to sacrifice a few people for justice.
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September 01, 2013, 09:17:08 AM
 #20

Long time a go the military was called the war ministery, now it is called defense, but tomorrow it will be called the love department. We currently only kill people with benign bombs, for their own good. Yeah, and it is adorable to sacrifice a few people for justice.

Well said  Wink And that is only the government aligned military factions.  The real b.s lies within the 'private' factions that align themselves alongside governments, they can swim freely with impunity and outside the guise of governments.  Paramilitaries in Colombia are probably the best (worst  Undecided) examples, funnily enough, partly propped up by US funding, (Colombia is the 3/4th largest benefactor of US aid).

But then you have in all the US wars, 'private' contractors, mercenaries, armed factions that do the dirty work, yet are not accountable for their actions, because they are inherently 'rogue' forces.  Cue, the 'rebels' in Syria.... the 'rebels' in Libya....

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