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Author Topic: Bitcoin Cools After Trump De-Escalates War With Iran  (Read 160 times)
cabron
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January 09, 2020, 09:04:05 AM
 #21


No war will happen? Bitcoin will go $6k then.  Speculations will still continue whether there is war or not.   Smiley

I watched the news that 15 missiles was released, at least two hit the US bases but didn't hurt anyone.  Clearly this is an escalation I don't think Trump can just calm that away with just an announcement to make Iran stop its plan to retaliate.
Trump cannot go to the outbreak of war with Iran, because Congress is opposed to this and even there they are discussing the adoption of a special law that would prohibit Trump from doing this. Apparently, Iran knew this and therefore decided to retaliate with a missile strike on American bases.
It is not very clear whether these events have an increase in the price of bitcoin, since in Iran itself the demand for bitcoin has not increased. We will compare further events.

There is political instability in US, Trump is liked by the people but the government within doesn't like him. Majority in the congress was believed to be anti-Trump.  I got this info in the forum though I can't find exactly the right dialogue but it goes something like the one below.

Quote
When Trump pull out the militia from Syria,
anti-Trumps:  he is stopping the operation.

Trumps ordered drone to shoot Soleimani.
Anti-TRump: he is leading us to war.


$ 6k, have you been late in buying this moment since yesterday, I hope you can see it again  Smiley

I know. I just said $6k for its what was speculated before this FOMO creeps out of these buyers.

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January 09, 2020, 09:05:56 AM
 #22

The tension between US and Iran is there and has always been there. It just rises because of POTUS asking his army to hit Iran with their General in the area. The tension between US and Iran is all about Oil and nothing more. Bitcoin surging to $8,000 has nothing to do with it or not affected by it. If you are surprise by the sudden surge of price of Bitcoin then where have you been in the past years.

Yeah, I understand that, but is it possible that a sudden spike happened for no reason? whether every merchant's mind is the same that they will buy on a certain date, I think it's not. Surely behind the sudden spike there is a strong reason, although it has nothing to do if it happens because of US and IRAN tensions, but it also certainly had an impact on the economy including bitcoin. The incident has caused a variety of sentiments, not only in the financial sector but in another sector.

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January 09, 2020, 09:06:37 AM
 #23

As for long-term holders until the halving? Oh well, let's see what happens then.

Yes. I'm trying to also grow whatever few I am keeping so I'm definitely waiting if any drastic jump might happen after halving. This plus the possibility of unrest might make for some interesting ride.

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January 09, 2020, 09:27:24 AM
 #24

Two factors have so far approached the impact of the bitcoin movement due to tensions in the middle east when Iran and American tensions are heating up, that the bull is ready to push higher. Still, one day after that, cold remarks come out as if it calms the turmoil that is heating, then the movement of bitcoin to reach ATH as stalled.

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January 09, 2020, 12:08:28 PM
 #25

The american economic movement will always affect the financial stability of almost all currencies. It  may increase or decrease its value. We all know that America is one of the influential countries that makes allies to many other countries. We don't exactly know the volume of bitcoin users or investors in America but most probably it always serve as the factor of financial exchange rates.

 
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January 09, 2020, 12:24:36 PM
 #26

The unprecedented Iranian strikes against U.S. military bases in Iraq saw Bitcoin rise as a hedge against the chaos. However, its price movements have cooled as President Trump today announced de-escalation.

Yesterday, Iran launched 15 ballistic missiles at two airbases in Iraq, which caused widespread panic. No casualties were reported. The markets responded accordingly, and Bitcoin saw a significant increase in the aftermath of the attack, as did crude oil.


Click here to read the full news

So this is where Bitcoin dropped from $8,330 to just above $8,000+ in just moments after de-escalation.

For those who have bought during the dip, I think you made a nice profit out there. I just don't know if it could dip even further. For me, it's much better if you sell if you're just a day trader or a short-term holder of Bitcoin.

As for long-term holders until the halving? Oh well, let's see what happens then.

It's just good that the tensions are now eased because of Trump's decision to de-escalate after that revenge attack of Iran's ballistic missiles.
If indeed the rise of prices was because of the escalation of war to the two countries then it's not a surprise that the prices will go downward again as the US decided not to go to war after the revenge attack of Iran.

But in my opinion the demand didn't focus to this incident only, there is a big chance that the downward of price was because of incoming Chinese new year and it will recover after the event.

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January 09, 2020, 12:30:08 PM
 #27

The unprecedented Iranian strikes against U.S. military bases in Iraq saw Bitcoin rise as a hedge against the chaos. However, its price movements have cooled as President Trump today announced de-escalation.

Yesterday, Iran launched 15 ballistic missiles at two airbases in Iraq, which caused widespread panic. No casualties were reported. The markets responded accordingly, and Bitcoin saw a significant increase in the aftermath of the attack, as did crude oil.


Click here to read the full news

So this is where Bitcoin dropped from $8,330 to just above $8,000+ in just moments after de-escalation.



I think this is definite proof that bitcoin is now behaving like digital gold. The spike from $7000 to $8,300 when the crisis first emerged. Then the drop back when people realised that Trump would put further sanctions on the Iranians but not escalate further.

That means the way to trade bitcoin requires keeping an eye on hotspots around the world that might spike the price.

 
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January 09, 2020, 12:46:12 PM
 #28

I don't think there is any evidence or statistics shoeing that Iran happenings had any impact on Bitcoin price. I don't say it can't, I just say that we shouldn't assume that.

Nevertheless Bitcoin represents a viable hedge asset that investors can look into for diversification. Personally I wouldn't want to be overleveraged in Gold in case a crisis comes.

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January 09, 2020, 12:57:39 PM
 #29

Do you think that what is happening in these 2 countries have a correlation with the recent pump of Bitcoin?

If you will see the total market cap of Tether when Bitcoin pumped, it went from $4.1B to $4.6B. I'd rather believe that this news is one of the reasons why Bitcoin pumped than what is happening with U.S. and Iran. Can somebody share how these 2 correlate with each other?? Iran buys Bitcoin or either way?? Somebody share.

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January 09, 2020, 01:13:59 PM
 #30

It's interesting how geopolitical events impact the volatility of crypto and how everything in the world is so connected. I think oil prices are directly proportional to that of crypto since crypto gets a boost when there's a confusion regarding oil price rises due to instability in middle east. I as a long term holders would hold beyond halving Cheesy

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January 09, 2020, 01:15:12 PM
 #31


No war will happen? Bitcoin will go $6k then.  Speculations will still continue whether there is war or not.   Smiley

I watched the news that 15 missiles was released, at least two hit the US bases but didn't hurt anyone.  Clearly this is an escalation I don't think Trump can just calm that away with just an announcement to make Iran stop its plan to retaliate.

Trump is a tricky person. The de-escalation attempt of Trump is just to cover their military movement to strengthen their base in the area near Iran.  As of the Bitcoin price, I think this conflict and BTC price has no correlation at all.  It is just a mere coincident.
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January 09, 2020, 01:29:10 PM
 #32

I don't know why all of a sudden everything in this industry is revolving around Trump and Iranian war. The crypto market is volatile and it is very normal to see these frequent ups and downs of the market. So it really baffles me that anything that occurs in this industry right now is associated with Trump and the rumours of US having war with Iran.
It's because it is a big news that most think that it affects the price movement. Bitcoin is volatile and that's normal just like what you have said. But we can't deny that this issue about US and Iran affects its price. This is what I believe though, if you don't think that this issue affects Bitcoin then I'm fine with it. But during the tension, it started to pump and when it started to lighten up, the price dropped.

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January 09, 2020, 01:41:46 PM
 #33

It is clear that this market is influenced by news and there are many organizations that manipulate this market. I was really surprised to see the market collapse immediately when the US President announced that there would be no war. Prices have dropped dramatically within an hour, and if bitcoin were to be affected by this conflict, bitcoin would surely go down to $ 6000 in the near future because there was no other reason for the price.

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January 09, 2020, 01:47:00 PM
 #34

I don't know why all of a sudden everything in this industry is revolving around Trump and Iranian war. The crypto market is volatile and it is very normal to see these frequent ups and downs of the market. So it really baffles me that anything that occurs in this industry right now is associated with Trump and the rumours of US having war with Iran.
It's because it is a big news that most think that it affects the price movement. Bitcoin is volatile and that's normal just like what you have said. But we can't deny that this issue about US and Iran affects its price. This is what I believe though, if you don't think that this issue affects Bitcoin then I'm fine with it. But during the tension, it started to pump and when it started to lighten up, the price dropped.
The fact is that there was a crisis which is about to escalate to a full blown war between America and Iran invariably had an instant impact on the price of bitcoin which had already been bullish since the assassination of General soulemany until President Donald Trump douse the tension after his press release invariably pushing down the price, this is a fundamental news that affect not bitcoin all other forex, metal instruments are also affected by the pronouncement.


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BrewMaster
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January 09, 2020, 02:02:02 PM
 #35

it seems more like the panic sell followed by a non-stop FUD spam over the past 48 hours by all the bitcoin news outlets that have been trying to scare people and force them into thinking the rise was because of the war whereas it was completely unrelated.
case and point now that all that fear has ended we will see the rise in a very short time after this manipulation ends and some weak hands are shaken out of the market.

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January 09, 2020, 05:19:25 PM
 #36

The good thing was chances of war are getting lesser and lesser. Let’s hope they get down to zero and peace prevails. Bad news for bitcoin is that its going back to its previous position.
Those who have bought at 8400$, will from now onwards will be looking for 8400$ again. While wise traders have sold there holdings at profit and must be enjoying.
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January 09, 2020, 05:28:19 PM
 #37

The good thing was chances of war are getting lesser and lesser. Let’s hope they get down to zero and peace prevails. Bad news for bitcoin is that its going back to its previous position.
Those who have bought at 8400$, will from now onwards will be looking for 8400$ again. While wise traders have sold there holdings at profit and must be enjoying.

The news was like too exaggerated IMO because of the people and the media spreading lies and fake news. Luckily, it didn't fuel the fire to really make the third world war to happen. Since most of the countries won't participate anymore with the bloody war as we have seen from the past. And then bitcoin suddenly drop slowly while Trump stop from making an idiotic moves.

 
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January 09, 2020, 05:33:57 PM
 #38

That's something excepted. As those investors got carried way into saving their coins just for the fact the banks could be locked.

Right after trumps decision on not using missiles for these fights made the investors think they are more safer than ever so they start selling what they bought.

I believe it was expected and might happen again if someone attacks.
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January 09, 2020, 06:04:58 PM
 #39

The unprecedented Iranian strikes against U.S. military bases in Iraq saw Bitcoin rise as a hedge against the chaos. However, its price movements have cooled as President Trump today announced de-escalation.

Yesterday, Iran launched 15 ballistic missiles at two airbases in Iraq, which caused widespread panic. No casualties were reported. The markets responded accordingly, and Bitcoin saw a significant increase in the aftermath of the attack, as did crude oil.


Click here to read the full news

So this is where Bitcoin dropped from $8,330 to just above $8,000+ in just moments after de-escalation.


Seems not a coincidence to me, There are a lot of speculations of what is the reason but I think the increase of the market price of bitcoin because of war was just in the beginning when a big war started I think this is where we could really see the effect of the war in bitcoin. But as of today, I think this speculation seems reasonable.

It is clear that this market is influenced by news and there are many organizations that manipulate this market. I was really surprised to see the market collapse immediately when the US President announced that there would be no war. Prices have dropped dramatically within an hour, and if bitcoin were to be affected by this conflict, bitcoin would surely go down to $ 6000 in the near future because there was no other reason for the price.

Surely, we cant be anywhere in the world where we could check the situation. I also relied on the news that I read so I think a lot of investors are also getting influenced on the news that is affecting the market.

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