US- Iran Tensions boost Bitcoin price to $24,000

[Murat]

It's true that the US and Iran conflict will bring to a lot of disaster in all aspect, not only the economy but also everything will get affected by this conflict, without any doubt, the economy will be the main thing and the oil price will get affected severely, so when the oil price will get high then everything will face a lot of crisis regarding every aspect, but it's not time to say Bitcoin price will get high for the consequence of the USA and Iran conflict, but Tramp is playing with fire, I think both tramp and Iran will pay a huge cost if they can't stop right now.

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[conex]

Cointelegraph wrote a great article on this matter, about exchange rates. Can't find the link atm, highly recommend reading. Highly doubt Iran--US  tensions move btc price...

[novaprime]

After war conflict between Iran and United State bitcoin price in Iran tension boost price to $24,000 and have very different price from bitcoin global where only raise above $7500, I don't why bitcoin in Iran have very different price than bitcoin global, any chance for arbitrage between bitcoin global to withdraw in bitcoin account exchange in Iran?

When the war happened, people would look to Bitcoin, Gold or any other valuable asset, and that's the main reason why the value of Bitcoin soared. I think any citizen in this country will surely find a way to buy Bitcoin because this is a safer coin instead of having to hold Fiat. Of course, they still have a lot of other options but only Bitcoin is the safest option when this happens.

However, I hope that Iran and the United States will ease the tensions because I do not want World War 3 to happen, in order to do this, Iran needs to ignore and have more new peaceful solutions.

[adroitful_one]

For as long as the effect on the price of Bitcoin is isolated only in Iran, this is not something everyone should be celebrating. There is no real boost in the actual price of Bitcoin if this is the case. Bitcoin is global and it should grow globally. It should not just be growing with a specific area where there is violence.

Apart from celebrating the price of bitcoin in Iran we should also be consigned with war tension between the two countries and its consequences to the citizens particularly Iran after it had turns to a full blown war.

We cannot feel the rise of bitcoin at the expense of what is happening right now, because in the end if the worst scenario of the two countries is carried out it will be a nightmare for the world including humanity, this is no longer a matter of bitcoin and the economy but a matter of humanity.

The effect of this violence will be more damaging and costly in terms of human lives and properties. The benefit is nothing compared to it, even if this war will cause Bitcoin's price to rise until $50,000.

And also, is this really true? Is Bitcoin really that huge there o is this another news written by fake journalists and FOMO sparkers?

There was a post the other day in one of the trading sections about a guy from Iran not having his KYC go through because of his citizenship. My first thought was surely Bitcoin isn't that popular there or is probably even banned by their government. I guess not.. I also seriously doubt that Bitcoin is $24,000 in Iran right now. There would a flood of Iranians on here trying to buy up as much Bitcoin as they possibly could at current rates. Surely they get their coins from the same places that we do.

[Reid]

So it did happen. But just on the outside. Maybe just from the front.

“The official rate is what the central bank says. But literally, no one except some government organizations can get that rate while no one can use it. It’s a joke.”

To hell with it.
No one will but with that kind of amount. They are just being laughed by the people who are supporting the crypto currency.
They know what the real price is.
However, they might be more behind all of this dilemma.

[killerfrost]

After war conflict between Iran and United State bitcoin price in Iran tension boost price to $24,000 and have very different price from bitcoin global where only raise above $7500, I don't why bitcoin in Iran have very different price than bitcoin global, any chance for arbitrage between bitcoin global to withdraw in bitcoin account exchange in Iran?

Because people in Iran fear their country's currency will collapse, so they turn to fixed assets to ensure the security of their balances. And since then Bitcoin is a great choice for them because bitcoin is not affected by the economic collapse, besides gold is also a good option but it is difficult to buy large quantities like bitcoin. That is why the price of bitcoin in Iran has climbed to 24000$ compared to the global average 7500$

[clickerz]

After war conflict between Iran and United State bitcoin price in Iran tension boost price to $24,000 and have very different price from bitcoin global where only raise above $7500, I don't why bitcoin in Iran have very different price than bitcoin global, any chance for arbitrage between bitcoin global to withdraw in bitcoin account exchange in Iran?

When the war happened, people would look to Bitcoin, Gold or any other valuable asset, and that's the main reason why the value of Bitcoin soared. I think any citizen in this country will surely find a way to buy Bitcoin because this is a safer coin instead of having to hold Fiat. Of course, they still have a lot of other options but only Bitcoin is the safest option when this happens.

However, I hope that Iran and the United States will ease the tensions because I do not want World War 3 to happen, in order to do this, Iran needs to ignore and have more new peaceful solutions.

True and I believe so. people are looking for an option to store their assets and bitcoin is another viable option available to them since its flexible and portable too. Also, its not a hassle carrying only your private keys, so much convenient too in a situation like Iran facing right now.

[freedomgo]

I wish that would affect the totality of the market, if it's only in their country, I don't think it's kind of a positive news, people just don't have a choice, they want to play safe to ensure their money and once again we saw how bitcoin help a struggling nation.

[avatar_kiyoshi]

After war conflict between Iran and United State bitcoin price in Iran tension boost price to $24,000 and have very different price from bitcoin global where only raise above $7500, I don't why bitcoin in Iran have very different price than bitcoin global, any chance for arbitrage between bitcoin global to withdraw in bitcoin account exchange in Iran?

That high price has been seen on LocalBitcoin platform that possibly being manipulated by Iran's central bank, it's only used by government.
The current Bitcoin price on Iran's Crypto exchange remains the same as global rate, it's around $7200.

More details: https://www.forbes.com/sites/billybambrough/2020/01/04/no-bitcoin-isnt-going-for-anywhere-near-24000-in-iran-heres-why/

[1Referee]

I hope nobody visits your website, I sure didn't clicked on it and I urge everyone not to as well.

Too late for that. It has been shared to oblivion on social media.

Maybe one day they will learn how to do real journalism and actually end up writing something people may want to read instead of making the click it thinking something else and close after learning it is different, that is clickbait and you will never go anywhere further with clickbait in life, just will be around the same levels as you are and that's it.

Real journalism costs a lot of money in terms of research and whatnot. In crypto people are so stupid that they believe anything they read. All you have to do as a news outlet is to browse through reddit, pick a thread, then turn that thread into an article. Endless threads on reddit and thus endless supply of crappy articles.

Click-bait articles really work and for that reason will not stop existing. People have to smarten up first.  

[pajak666]

The recent airstrike on the Baghdads airport orchestrated by the United States of America President Donald Trump which killed the head of the Iranian revolutionary gaurds General Qasem Soleimani. This has led to the increase in the market value of the global oil price and that of Bitcoin in recent time but who knows how long will this effect last.
The Iranian restriction to access Internet was another factor that led price increase of Bitcoin to around $24,000 per Bitcoin on the local Bitcoin exchange. For further information visit https://cointelegraph.com/news/bitcoin-selling-for-24-000-per-btc-in-iran-as-us-tensions-escalate

This is pretty meaningless for BTC longterm. War is too big of a test for BTC at this point. I can not imagine people running for their lives but keeping faith in crypto and choosing it over gold yet. Price spikes in Iran or wherever else is reall really meaningless. Cyprus bankruptcy was not a catalyst back in 2012, nor was it Ukraine when Russia invaded it nor it is gonna be Iran. Adoption is the only thing that can bring it to ultimate highs and necessity for people to hold.

[btc_angela]

I hope nobody visits your website, I sure didn't clicked on it and I urge everyone not to as well.

Too late for that. It has been shared to oblivion on social media.

Maybe one day they will learn how to do real journalism and actually end up writing something people may want to read instead of making the click it thinking something else and close after learning it is different, that is clickbait and you will never go anywhere further with clickbait in life, just will be around the same levels as you are and that's it.

Real journalism costs a lot of money in terms of research and whatnot. In crypto people are so stupid that they believe anything they read. All you have to do as a news outlet is to browse through reddit, pick a thread, then turn that thread into an article. Endless threads on reddit and thus endless supply of crappy articles.

Click-bait articles really work and for that reason will not stop existing. People have to smarten up first.  

When I join crypto sphere in 2017, that's the first thing that I noticed about crypto related website, articles are full of garbage and every author didn't verify anything they put, they just write attracted titles which often misled readers and it goes into this community.

So I would agree that they won't learn their lessons, simply put they are here just to make money out of those who are going to click on that links.

Regarding the issue, it has debunked though so I guess this is just another fake news with malicious intent other than click-bait (FUD).

[zeze18]

The recent airstrike on the Baghdads airport orchestrated by the United States of America President Donald Trump which killed the head of the Iranian revolutionary gaurds General Qasem Soleimani. This has led to the increase in the market value of the global oil price and that of Bitcoin in recent time but who knows how long will this effect last.
The Iranian restriction to access Internet was another factor that led price increase of Bitcoin to around $24,000 per Bitcoin on the local Bitcoin exchange. For further information visit https://cointelegraph.com/news/bitcoin-selling-for-24-000-per-btc-in-iran-as-us-tensions-escalate

I'm not getting the point, is that a price prediction or the 24k is already in one exchange ? I mean who is buying it ? is they don't know in other exchanges the price is just 1/3 of that price and i think doesn't make sense if they have limited access to internet but able to trade bitcoins. Is the volume good ? that's the best chance for arbitrage easy x3 profits

[Hallmader]

For as long as the effect on the price of Bitcoin is isolated only in Iran, this is not something everyone should be celebrating. There is no real boost in the actual price of Bitcoin if this is the case. Bitcoin is global and it should grow globally. It should not just be growing with a specific area where there is violence.

Apart from celebrating the price of bitcoin in Iran we should also be consigned with war tension between the two countries and its consequences to the citizens particularly Iran after it had turns to a full blown war.

We cannot feel the rise of bitcoin at the expense of what is happening right now, because in the end if the worst scenario of the two countries is carried out it will be a nightmare for the world including humanity, this is no longer a matter of bitcoin and the economy but a matter of humanity.

The effect of this violence will be more damaging and costly in terms of human lives and properties. The benefit is nothing compared to it, even if this war will cause Bitcoin's price to rise until $50,000.

And also, is this really true? Is Bitcoin really that huge there o is this another news written by fake journalists and FOMO sparkers?

There was a post the other day in one of the trading sections about a guy from Iran not having his KYC go through because of his citizenship. My first thought was surely Bitcoin isn't that popular there or is probably even banned by their government. I guess not.. I also seriously doubt that Bitcoin is $24,000 in Iran right now. There would a flood of Iranians on here trying to buy up as much Bitcoin as they possibly could at current rates. Surely they get their coins from the same places that we do.

I also think that the online world is an open world. Even if Iran has banned and blocked a lot of sites and other applications deemed prohibited under their law, I don't think they will be able to ban communications of a lot of kinds. They cannot ban this forum for example. They cannot cut the internet connection from its people. And if they cannot do that, the citizens of Iran can always find a way to purchase their Bitcoin elsewhere. Also, within Iran, it is peaceful. There is no war inside their country. What took place happened in Iraq.

[adroitful_one]

I also think that the online world is an open world. Even if Iran has banned and blocked a lot of sites and other applications deemed prohibited under their law, I don't think they will be able to ban communications of a lot of kinds. They cannot ban this forum for example. They cannot cut the internet connection from its people. And if they cannot do that, the citizens of Iran can always find a way to purchase their Bitcoin elsewhere. Also, within Iran, it is peaceful. There is no war inside their country. What took place happened in Iraq.

They can ban access to anything they want to. However, the users can simply use a VPN to get around it. It's the same thing that happens in China. The price is not at $24,000 or like I said, people would be buying up as much Bitcoin as they possibly could and making an easy 3x their investment by simply selling it to someone local. I'm almost positive all of the locals have access to places to buy Bitcoins as well. So they would be pretty stupid to buy at $24,000.

[Furious 7]

The recent airstrike on the Baghdads airport orchestrated by the United States of America President Donald Trump which killed the head of the Iranian revolutionary gaurds General Qasem Soleimani. This has led to the increase in the market value of the global oil price and that of Bitcoin in recent time but who knows how long will this effect last.
The Iranian restriction to access Internet was another factor that led price increase of Bitcoin to around $24,000 per Bitcoin on the local Bitcoin exchange. For further information visit https://cointelegraph.com/news/bitcoin-selling-for-24-000-per-btc-in-iran-as-us-tensions-escalate

I'm not getting the point, is that a price prediction or the 24k is already in one exchange ? I mean who is buying it ? is they don't know in other exchanges the price is just 1/3 of that price and i think doesn't make sense if they have limited access to internet but able to trade bitcoins. Is the volume good ? that's the best chance for arbitrage easy x3 profits

Therefore I am also still confused about the price of bitcoin in IRAN which is so high compared to global prices, maybe their internet is limited so that they cannot access other exchanges.
I think this is still a controversy because with such high prices and with the country's conflict with the USA.
And I'm also still confused by the local exchange and in my opinion it's hard to understand whether it's true with real volume and with high sales.

[maydna]

We don't know the truth if the conflict between the US and Iran boosts bitcoin price to increase higher, but we only know that bitcoin price is trying to wake up from the lower price to the higher rate. Besides that, we don't know if bitcoin price can really increase and hit that price or not because we don't have the right prediction even the professional cannot have the correct prediction. The only things that we can do right now prepare for anything that can happen in the bitcoin or the market so we can do something related to the current situations.

[Kemarit]

This has been debunked already isn't it?

As for the geopolitical tensions around the world and it's effect on Bitcoin price, I'm not really sure if there are strong correlations. The massive pump in the last 24 hours or so has nothing to do with the supposedly looming war between US and Iran. Maybe someone uses this to bait investors, in short someone from behind is taking advantage of the situation and put everyone in a mood that bull run is already in the horizon. Still, everything will be based on supply and demand and sentiments of the investors.

[Bagaji]

It's true that the US and Iran conflict will bring to a lot of disaster in all aspect, not only the economy but also everything will get affected by this conflict, without any doubt, the economy will be the main thing and the oil price will get affected severely, so when the oil price will get high then everything will face a lot of crisis regarding every aspect, but it's not time to say Bitcoin price will get high for the consequence of the USA and Iran conflict, but Tramp is playing with fire, I think both tramp and Iran will pay a huge cost if they can't stop right now.

You should now the negative effect of war by now and the consequences will not only affect the economy of the United States of America and that of Iran alone but to all the close Allies of both country. Point of correction, the United State of America president name is Donald Trump and not "Tramp" as you write in your submission above please.

[rijaljun]

Unfortunately the boost only happened in Iran and didn't affect world price. I've seen similar boosts in some other countries but have not become this big (not many people talking about that). So, I am sure this isn't a kind of big news.