How the situation in Iran might impact Bitcoin

[Colt81]

I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.

Bitcoin might increase it's price if the war in Iran will happen because gold and oil has also increased, so automatically a lot of wealthy or rich people will store their funds in bitcoin as their safe asset. But i still fear the war between Iran and US because even it will have an effect on bitcoin's price, a lot of people will die.

[Mometaskers]

If dollar prices fall, then the conversion might change. Worst case scenario, people from both countries would start buying cryptos in the event that a war devastates their economies and try to leave and maybe just encash elsewhere.

price has already affect BTC on the localbitcoins in Iran, it was posted by some user in similar thread which the price reaches up to $29K. it didn't affect the whole market though. a war seem overblown though, its not like Iran will blast US but then there is a probability that Iran will be invaded as US usually do it. hope not. Iran doesn't have a local section but if there is it would be a hot big thread here in bticointalk.

Wow, $29k! I think that's even higher than the ath in 2017. But then again, if they are really afraid that they might lose it all if they ever get invaded, might as well lose a bit buying at that price and salvage what's left.

[killerfrost]

I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.

Bitcoin might increase it's price if the war in Iran will happen because gold and oil has also increased, so automatically a lot of wealthy or rich people will store their funds in bitcoin as their safe asset. But i still fear the war between Iran and US because even it will have an effect on bitcoin's price, a lot of people will die.

In fact, the price of bitcoin has increased over the past few days and is still increasing, today's bitcoin price has reached $ 8500 and it is a great signal for this market. But I don't really like the war because the war will make many innocent people in Iran die and the global economy will collapse, the war will only help safe assets like gold, oil, bitcoin rise.... I hope the tensions between Iran and the United States will end as soon as possible because if the conflict is still happening I suspect we will face WW III.

[SergeJeletski]

War is shit, lot of people dies and most of them are innocent as said up here already. I don't believe there is enough Bitcoin adoption in Iran to have any bigger impact on global market.

[yulionoo]

when conflicts occur most investors will secure their assets and I think they would prefer to secure their assets in gold investment. because gold has a low risk. and if we see since the conflict between Iran and America heats up the price of gold and oil has increased. and I think this conflict has no impact on the price of bitcoin. in recent days the price of bitcoin has indeed increased but I don't think it's because of the iran-american conflict.

[Wintersoldier]

when conflicts occur most investors will secure their assets and I think they would prefer to secure their assets in gold investment. because gold has a low risk. and if we see since the conflict between Iran and America heats up the price of gold and oil has increased. and I think this conflict has no impact on the price of bitcoin. in recent days the price of bitcoin has indeed increased but I don't think it's because of the iran-american conflict.

If it is not, the idea of thinking about the bitcoin halving being the reason why the market price is increase is quite premature. People do really consider taking advantage of the current situation even if it negative, because they literally know bitcoin is capable of having very huge market price because of its volatility. I wonder why OP said people take their money out of stocks because cryptex and forex is totally different.

[FaithInCrypto]

As of the moment, I am not really sure if I should be happy with how BTC is performing in the cryptomarket now because of the ongoing war between US and Iran. Honestly, I'd rather have BTC maintain its $7k rate than having lots of people die and families left alone.

I am really wondering though who or what's beyond BTC's raise as if based on the other comments, when it comes to crypto Iran doesn't hold much.

[VasilyS]

Iranian missile strikes were most likely staged. They shot blanks at one of the bases, probably they warned unofficially Americans about strike. Nobody wants a third world war. But Bitcoin grew by 6% and it is a good piece of news. Read more about the consequences of the Iranian strike here: https://www.cryptoprofi.info/?p=4967

[thottum]

when conflicts occur most investors will secure their assets and I think they would prefer to secure their assets in gold investment. because gold has a low risk. and if we see since the conflict between Iran and America heats up the price of gold and oil has increased. and I think this conflict has no impact on the price of bitcoin. in recent days the price of bitcoin has indeed increased but I don't think it's because of the iran-american conflict.

I would agree to half of your view definitely most of the people will invest in gold as a safe asset class but the crypto world would always compare BTC to gold and treats BTC as equivalent to gold. So those who believe in crypto will be buying BTC. what do you think the reason for the current BTC pump other than US-Iran conflict.? definitely none IMO

[BChydro]

Wow, $29k! I think that's even higher than the ath in 2017. But then again, if they are really afraid that they might lose it all if they ever get invaded, might as well lose a bit buying at that price and salvage what's left.

Not sure about the legitimacy of the price and now Iran started firing back at US base and things are getting worse and it might go to full fledged war, if that happens then there will be a globally issue as the problems these will be created will be felt everywhere. Now looking at what US is going to do and if they retaliate to the strikes then it will affect the price of bitcoin as well as other financial assets.

[TheCoinGrabber]

As sure as a flock of Jew flies away at the mere hint of a ghetto brawl, money flees during times of uncertainty. People tend to move to "safer" forms like metals though now there is the option of crypto. I saw one guy comment about the price of BTC skyrocketing in Iran's localmarket, imagine if this conflict erupts into full-blown war. As it gets worse more capital moves into crypto and gold/silver.

Personally though I like shiny coins, I'd probably bet on crypto. Easier to take with you. Might want to keep some cash and jewelry with you to pay to smuggle your way out.

[kodtycoon]

i personally not sure the situation will have a big impact on the crypto market, because so far i only know the situation may have gotten worse or maybe a little better, but most importantly the price of every coin on the crypto market is still rising and even able to be maintained. so if only a bad situation happens then it will have a big impact on the crypto market, then at least the increase won't happen

[ubercool]

After the signal of an upcoming war which might not happen, there was a prediction that the price of Bitcoin, gold and other similar things price would be increased. The price of Bitcoin increased approx 15% where as gold is near to 10% increment. If you compare with this parameter, we may say that a possible war might influence more increase in the price.

[Chrystora123]

I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.

as you can see, that the impact of the US attack on IRAN on Bitcoin is not large, instead Bitcoin is currently experiencing a price increase..

deviated from the topic: I was very afraid that if the third world war actually happened and the internet was completely shut down, then we would be very difficult to trade Bitcoin

[FLoving]

I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.

When there is war then people withdraw their money from stock market or any asset which will be affected by the war and as bitcoin is a decentralized and digital currency which mean that it is much safe from any war so everyone will invest their money in bitcoin and the price of bitcoin will increase so if any war take place then do not worry about your investments in crypto and is you have money in any other asset then better to transfer them to bitcoin.

[sisule]

I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.

I wonder whit war situation between United State and Iran could make economic global crisis because both country have many higher technology war and could give effect for other country, there are not two countries war but will combined whit many country bilateral like Iran will get support from Russia and United State get support from other bigger country in the world.

[TinaK]

People may utilise this situation and buy the bitcoins as much you can because investors will say bad about cryptocurrency using this situation and buy more.
At the same Iran is petroleum country and due to war panicking we may find the petrol bumping more.

[elisabetheva]

People may utilise this situation and buy the bitcoins as much you can because investors will say bad about cryptocurrency using this situation and buy more.
At the same Iran is petroleum country and due to war panicking we may find the petrol bumping more.

it could be that the analysis you said could occur and affect the price of bitcoin, but I am not very sure that bitcoin movements will be affected by this problem. because many countries also do not want this conflict to be prolonged and certainly many are disadvantaged. so it is certain that there will be peace negotiations to find a solution. because Iran's oil producers also need a large budget in the event of a conflict and fuel cannot be sold optimally.

[X-ray]

i personally not sure the situation will have a big impact on the crypto market, because so far i only know the situation may have gotten worse or maybe a little better, but most importantly the price of every coin on the crypto market is still rising and even able to be maintained. so if only a bad situation happens then it will have a big impact on the crypto market, then at least the increase won't happen

I dont know whats the reason behind the price bump but to expect it coming from the fact that some countries is about to wage war is just feels really wrong.
i really think that this price bumping is all caused by the upcoming halving which is near and not because the fact that iran is waging war and the rumour of bitcoin having ridiculously high price in that country which maybe will only hold the price temporarily because they might consider bitcoin as temporary safe haven for their assets.

[dimox]

my friend told me if people start to stock bitcoin in Iran, i know they wont to lose their money, as much as possible try to stock their money in other shape and hold until the world balance. and the price really amazed, effected by demand, not war.