How the situation in Iran might impact Bitcoin

[drlukacs]

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.

You're right, that's the common mentality of many people. War certainly does not make the economy grow. And are the theories that people often withdraw money from the stock market and invest it in Gold and Crypto? I think it is true. because the price of bitcoin is now showing that and we see the crowd always believing in Bitcoin. so I think that when a war happens, the price of bitcoin will really increase, but for coins other than the top 10, I'm not sure.

[ecnalubma]

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.

Cryptocurrency maybe one of the best options in moving money in terms of crisis like this. Expect an inflow of money of crypto if the tension continue. Maybe it has slight impact but manipulators ride with news to create parabolic movements.

[barabarian1]

in fact I am quite doubtful that the rise in bitcoin yesterday was the impact of the conflict between Iran and America. But today when President Trump declared that he would not use military force to handle Iran's conflict, the price of bitcoin suddenly dropped again to $ 7k. so I think the Iranian and American wars have a little effect on the price of bitcoin.

[Ozero]

So far, there are some signs that tensions between the US and Iran are not directly related to the rise in bitcoin prices a few days ago. In Iran itself, demand for bitcoin has not increased. In addition, when Iran launched a retaliatory missile strike on American bases in Iraq, by then the price of bitcoin had already begun to fall and fell in the future. Therefore, objectively, such a relationship is not monitored. Now Bitcoin has again dropped in price slightly below $ 8,000, according to CoinMarketCap, its price is now $ 7,963.

[andriarto]

in fact I am quite doubtful that the rise in bitcoin yesterday was the impact of the conflict between Iran and America. But today when President Trump declared that he would not use military force to handle Iran's conflict, the price of bitcoin suddenly dropped again to $ 7k. so I think the Iranian and American wars have a little effect on the price of bitcoin.

I think so too, the effect of the war on bitcoin is small, I think the most turbulent is the price of gold, where many investors want to shift their assets so that gold becomes a reference. but it could be that bitcoin becomes the second investment reference after gold, if a war occurs

[Lecam]

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 think if the war continue there is a big impact to bitcoin because we know that many country are getting affected and once that happen many are getting panic and they are selling there holding and the price will drop. Hope that war is not continue because many of our online business are getting affected especially bitcoin.

[goldade]

I think the war will affect the price of bitcoin not negatively but positively. Since a war means an economy downfall, quite a number of people will want to secure their cash. And since will fiat will not be reliable, they'll be forced to secure their cash by pouring it into bitcoin.
This ultimately affects the price of bitcoin.

[airdnasxela]

in fact I am quite doubtful that the rise in bitcoin yesterday was the impact of the conflict between Iran and America. But today when President Trump declared that he would not use military force to handle Iran's conflict, the price of bitcoin suddenly dropped again to $ 7k. so I think the Iranian and American wars have a little effect on the price of bitcoin.

Of course. The price increased when the conflict is still firing up, people tend to buy because of fear. But since the President already stated that he doesn't have any plan of making things big and have no intention of creating a war, some might have felt reassured already, that leads to the decrease of the price of Bitcoin back to $7,000.
Right now, let's just hope that we will get back to $8k

[Edraket31]

I think the war will affect the price of bitcoin not negatively but positively. Since a war means an economy downfall, quite a number of people will want to secure their cash. And since will fiat will not be reliable, they'll be forced to secure their cash by pouring it into bitcoin.
This ultimately affects the price of bitcoin.

I respect your point, but for me I don't think that if there's a war situation like that, that people will prefer to secure their funds to crypto which I think is more risky compare to securing it in bank, so I think that people will hide or will cash out their money and hide it in their safe place rather than investing in crypto owhich also does not assure it.

[SquallLeonhart]

It all depends on how USA and Iran will continue to escalate these things, Iran for example supposedly just shot down a plane thinking that was a response from USA, 180 people dead all because Iran was afraid of USA attacking them that quickly, not that it was impossible but seeing how USA haven't responded just yet to something like this, I suppose they are taking the long road and that gives me hope that maybe war is inevitable.

If USA attacked back right away claiming national emergency and bombed Iran right away, that would have been start of a new war and probably at least 100k people dead in the region with only small percent being american and mainly Iranians. Now we have a chance for USA to sit back and consider the options and for the love of god hopefully pick the peace one.

[fullhdpixel]

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 have already seen someone post this same topic in Bitcoin Discussion. I am not really expecting any changes that would be impacted by the situation in Iran.

Even if these things never happened the price of Bitcoin will still either go up or down, and we have all been expecting an increase soon due to the next halving. And despite the situation the price of Bitcoin has been going up, though that doesn’t mean it can’t drop back at anytime, but just so that people know that if the price should keep going then it’s not an impact made by this situation.

[FlightyPouch]

I think the war will affect the price of bitcoin not negatively but positively. Since a war means an economy downfall, quite a number of people will want to secure their cash. And since will fiat will not be reliable, they'll be forced to secure their cash by pouring it into bitcoin.
This ultimately affects the price of bitcoin.

And I don't think not all of the people think as you are. Iraq is having casualties and I don't think those people know bitcoin or if they even use it. Another thing is that I don't think this war might happen since if it does, Trump is one of the worst President.

[Barbut]

We need to ask the right question, who will benefit from the situation in Iran? Why ask questions about the impacts of this situation on Bitcoin when Bitcoin doesn't have anything with that situation. Bitcoin will gain popularity in any way, but these wars around the world and all other bad things will probably speed that up.

[Ludmilla_rose1995]

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.

Maybe yes. Because I also think the same thing. I think when the war broke out, it was likely that the stock market would crash, so people would withdraw their shares and move them to crypto or gold.

[coin-investor]

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.

There is an existing poll about this issue and you will find the majority of people voting that the Iran issue has nothing to do with Bitcoin pump
https://bitcointalk.org/index.php?topic=5215731.msg53562513#msg53562513, they consider the pump as mysterious in some ways, although I think Iran has something to do with it or just a coincidence of a sort.

[btccashacc]

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.

Yes you're right, people will be looking for something that they can protect their asset but the problem is bitcoin is not as popular as other commodities, so it's less likely to people protecting their assets in bitcoin. gold will be a choice for people specifically in war. However, if the super-rich people in this world protect their wealth in bitcoin instead of buying gold, the price of bitcoin will go up even though the vast majority don't adopt it.

[sisule]

Give higher impact for bitcoin price after war Iran and United State, when Iran finished for attack the United State soldier in Iraq bitcoin back to higher price but after Donald Trump announce with conference about gold and oil make bitcoin back to lower price, I think situation between both countries couldn't stop will give bad impact for bitcoin price later.

[meliodas]

If the situation from Iran and US escalate more then it means that people will panic and they will think for a store of value for their currency and they will buy more bitcoin. Bitcoin price might go up even more because of the situation in Iran and I believed that just because of the conflict between of Iran and US made the price to go up more than $8k.

[AicecreaME]

I've watched the interview of the Iran minister regarding about this matter that is a hot topic since Trump made a very provoking move against Iran by killing their General which Trump assumed as terrorist, and killed him by giving order to whoever soldiers pulled that off, and the minister says that they are not looking for war, instead they made a move which is to get fair justice for what happened to their general, not a war against the US.

So, it depends on what trumps gonna do about this, but I've read some news that he cancelled it off, the rumors about going to war against Iran.

Hope bitcoin's price will soon skyrocket up once the halving process is done. Let there be PEACE.

[Spaffin]

Because of the situation in Iran, the entire Muslim world is suffering, where quite large financial centers and tourist facilities are located, which bring very large profits.  In addition to Iran and the United States, Iraq is involved in the conflict, since it is in Iraq that the US launch systems are located.  I believe that in this situation, a lot of companies and businessmen with the help of cryptocurrency will exercise the opportunity to secure their money.  Of course, it cannot be said that the conflict will benefit the cryptocurrency market, but nonetheless, in this situation, I see a certain surge in investment in the cryptocurrency, especially in bitcoin.