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

[Hallmader]

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.

Which makes me conclude that the price is made-up obviously. They are most probably trying to cause hype in Bitcoin so that people will start buying. End of story.

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[robelneo]

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

It's not only the Iranian sellers that having a boost of the demand even the market is now enjoying it, from $7300 we finally bridge the $8000 mark, and we are hoping for it to reach the $9000, that's short term profit for those who are in a buying spree in the last 3 months, the situation is both alarming and interesting for the community and the world, now and the weeks to come, we will have more news and it could have an impact on the market.

[nicolas1979]

If something happen, specially about politic I must say only currency and primary commodity ( oil ) will get impact, I don't see any relation with bitcoin. Crypto movement only can moving by development program, economic issues and event. War can't give impact unless both country use bitcoin to safe asset value as safety. We should see bitcoin movement with clearly mindset and stay away from war and politic because there's no opportunity bitcoin become part of it.

[adroitful_one]

If something happen, specially about politic I must say only currency and primary commodity ( oil ) will get impact, I don't see any relation with bitcoin. Crypto movement only can moving by development program, economic issues and event. War can't give impact unless both country use bitcoin to safe asset value as safety. We should see bitcoin movement with clearly mindset and stay away from war and politic because there's no opportunity bitcoin become part of it.

Oh yeah, this would definitely have an effect on the price of oil. But, I don't see it having much of an effect on the price of Bitcoin unless a full fledged World War 3 were to break out and I just don't see that happening. There are certain events in politics that could have an impact on price. Such as banning of cryptocurrency by a certain government or something. But, this is not something that will have a major impact. It was just a simple rocket strike. More than likely, that's about all that will come out of it.

[masulum]

Do we believe in the current bullish moment because conflict of Iran. When i check weekly chart, I see hammer in the last week. In mostly market condition, this candle is a signal of reversal. That's mean, in my view, current bullish is not because Iran, but the market wants bitcoin make a reversal



What do you think?

[bettercrypto]

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 don't know how it affects with bitcoin but for me, it is good to have a low price of bitcoin than to go it up just because of a war. I hope that the war will stop now because it may inflict a huge cost not just in government but for many lives. If there is a pump with bitcoin regardless with the war or not, I will still buy.

[davinchi]

With all the bs about the article aside, Iran has a closed door policy which makes sense considering where they are living. Turkey for example has over 3 million Syrians because they have open border policy, if Iran did the same they would have been destroyed economically, they do have a great nuclear threat on their hands but they are not as big of a nation as people they believe and over 3 million Syrians would have destroyed them.

That closed border thing pays back of course because they don't have banks that are global and that causes some troubles which means they get get bitcoins from outside with very limited resources, they can't just put money from their banks and buy bitcoin from anywhere around the world, which makes things harder for people who want to buy and these kinds of cases happens.

[pajak666]

Do we believe in the current bullish moment because conflict of Iran. When i check weekly chart, I see hammer in the last week. In mostly market condition, this candle is a signal of reversal. That's mean, in my view, current bullish is not because Iran, but the market wants bitcoin make a reversal



What do you think?

Obviously Iran has nothing to do with it.. We have been consolidating for a while now and upwards movement was kind of awaited at this point. Looks like it is over now around 8.5k and imo thats it. We had our breakout, now its going back to bear and Iran is not gonna change it. Short term fluctuations like this are meaningless and the only reason why markets are still profitable is because of them.

[Kurokonobasuke]

We don't even have any further assurance on what would happen with Trump's idiocy and selfish decisions. War may rise on the opposing parties but the market wouldn't be affected that much. Though Iran has a huge crypto community that can affect Bitcoin, I don't think crypto would take some changes as both are different factors and aspects. Government war is different in crypto market.

[SquallLeonhart]

If Iran keeps this tension going (which they have all the right to do so) then the price of bitcoin will continue to rise in Iran since people will be afraid of staying in fiat due to dooming political problems a war could bring. That is why I think they will either not do anything and try to go with the peace route and forget what happened or the price of bitcoin will continue to rise.

However, there is a point where even if you are in Iran if the price goes too high people may try to take advantage of the arbitrage as much as possible, doesn't matter how little they could but they will try their best, like using game currencies if they have to to get bitcoin and sell it for their own nation currency and vice versa to keep doing if nothing else works, honestly at one point price can get too much.

[ololajulo]

It can be difficult to compare bitcoin to petroleum in this situation but in just few days oil is already gaining price. The region under distress are very active petroleum region. I still feel the strike could be strategic from some countries' point of market view to make money from this distress. Bitcoin could be engaged in some of this transactions internationally while they cover up their tracks and antics. More than petroleum will be traded, weapons, heavy metal and alot of atrocities among countries while they make money for themselves and country.

[Faxmate]

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 don't know how it affects with bitcoin but for me, it is good to have a low price of bitcoin than to go it up just because of a war. I hope that the war will stop now because it may inflict a huge cost not just in government but for many lives. If there is a pump with bitcoin regardless with the war or not, I will still buy.

i think war by no means is beneficial for any country or anything either it is the pump of bitcoin, and you are right that in war many innocent people are killed, so what is the means of getting high bitcoin price in war and i think we should not be happy with that, i hope that the price go high but not because of the war.
but getting logical i think the price has nothing to do with war, it is high just because the halving is coming near.

[Oceat]

We don't even have any further assurance on what would happen with Trump's idiocy and selfish decisions. War may rise on the opposing parties but the market wouldn't be affected that much. Though Iran has a huge crypto community that can affect Bitcoin, I don't think crypto would take some changes as both are different factors and aspects. Government war is different in crypto market.

You may say like that but how can you explain the recent growth of the Bitcoin market? I have a feeling that most influential people are transferring their fiat to cryptocurrency because of the recent tension in both nations. I can say that money or even crypto id somehow affected with the conflict.

[Chrystora123]

snip..

the impact (US bombing of Iran's generals) on gold and oil is already visible, where gold and oil rose by several %
but for Bitcoin, it seems the impact has not been seen, just wait until some time, if true Bitcoin will go to $ 24k then the price of another Altcoin will grow.

[Xxmodded]

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

There are really of US- Iran Tensions make bitcoin in Iran raise with higher price? what connected between bitcoin with United State because this country become most against to banned bitcoin as legal currency payment transaction, I think have many way why bitcoin can raise whit higher price and have other side about why bitcoin can keep stable whit bitcoin price.

[ragavancoin]

Bitcoin price may get higher but as a humanity we should pray that war should not happen. Even though Iran people sell bitcoin not all people will sell. Only few will sell the Bitcoin.
Let bitcoin grow but not world War lll shouldn't happen. Economy will be worst.

[Landak]

snip..

the impact (US bombing of Iran's generals) on gold and oil is already visible, where gold and oil rose by several %
but for Bitcoin, it seems the impact has not been seen, just wait until some time, if true Bitcoin will go to $ 24k then the price of another Altcoin will grow.

the obvious increase in bitcoin price is not because of iran and u.s. The news is just a trigger that bitcoin will definitely rise rapidly, in fact this year there are already many factors that can cause bitcoin to rise like halving bitcoin and many more. so in my opinion iran and u.s are just a bitcoin trigger via the news "btc 24k usd in iran".
Don't take advantage when a country declares war! And we are happy because bitcoin went up? the war could widen and spread throughout the world if it really happened then it would be useless to be happy because bitcoin rises if the world experiences a war.
my hope is of course, bitcoin goes up but no more war, iran and u.s.

[BChydro]

Bitcoin price may get higher but as a humanity we should pray that war should not happen. Even though Iran people sell bitcoin not all people will sell. Only few will sell the Bitcoin.
Let bitcoin grow but not world War lll shouldn't happen. Economy will be worst.

I really do not want to see a full blown war and the end result is human killing other human to show their power and we are living in a modern society and these politicians cannot understand the basic needs for everyone to have a peaceful life is pathetic, i condone the US attack and now Iran retaliated against our troops, these governments does order to carry out these actions and poor families will be loosing their loved ones and when these fight will end is a mystery. I am not sure about the legitimacy of the price in Iran.

[shield132]

Bitcoin price may get higher but as a humanity we should pray that war should not happen. Even though Iran people sell bitcoin not all people will sell. Only few will sell the Bitcoin.
Let bitcoin grow but not world War lll shouldn't happen. Economy will be worst.

I really do not want to see a full blown war and the end result is human killing other human to show their power and we are living in a modern society and these politicians cannot understand the basic needs for everyone to have a peaceful life is pathetic, i condone the US attack and now Iran retaliated against our troops, these governments does order to carry out these actions and poor families will be loosing their loved ones and when these fight will end is a mystery. I am not sure about the legitimacy of the price in Iran.

War is a great way of making money for government. Just imagine, who wants war? I hugely doubt random American citizen wants to fight against person who lives in Iran, why should he care about him? He just wants to live on his own and be with family or etc, no one wants war and when there is one, that's because some persons want it and we are becoming their dolls and are used like voodoo. It would be great if people didn't follow every rules like robots but that doesn't happen, of course it has it's pros and cons but...
And people, bitcoin isn't sold at 24K USD in Iran, they just have two exchange rate, 1 - bank's rate and 2nd - rate used among people. Bank's rate is 4x higher and that's reason why it was said on article that bitcoin worths 24K USD in Iran, publisher edited that.

[LUCKMCFLY]

Bitcoin price may get higher but as a humanity we should pray that war should not happen. Even though Iran people sell bitcoin not all people will sell. Only few will sell the Bitcoin.
Let bitcoin grow but not world War lll shouldn't happen. Economy will be worst.

I really do not want to see a full blown war and the end result is human killing other human to show their power and we are living in a modern society and these politicians cannot understand the basic needs for everyone to have a peaceful life is pathetic, i condone the US attack and now Iran retaliated against our troops, these governments does order to carry out these actions and poor families will be loosing their loved ones and when these fight will end is a mystery. I am not sure about the legitimacy of the price in Iran.

War is a great way of making money for government. Just imagine, who wants war? I hugely doubt random American citizen wants to fight against person who lives in Iran, why should he care about him? He just wants to live on his own and be with family or etc, no one wants war and when there is one, that's because some persons want it and we are becoming their dolls and are used like voodoo. It would be great if people didn't follow every rules like robots but that doesn't happen, of course it has it's pros and cons but...
And people, bitcoin isn't sold at 24K USD in Iran, they just have two exchange rate, 1 - bank's rate and 2nd - rate used among people. Bank's rate is 4x higher and that's reason why it was said on article that bitcoin worths 24K USD in Iran, publisher edited that.

There may be a political conflict in the United States, because Trump is currently being tried, but if there are rumors of war, Trump's trial is on hold, all attention will be directed directly to war, on the other hand, in this case when There are two types of exchange, the one suggested by the Central Bank of the Government is not taken into account for transactions, the alternative is always used or what is called "Black Market", therefore, its economy is compared with that of Venezuela, since there is a lack of control, inflation and people seek to protect their income, the easiest is to use Bitcoin as a refuge for value.

This despair is what has caused that price, remembering that the market is moved many times by people's emotions.