Bitcoin price: US-Iran conflict is the answer

[coinary]

According to market analysts, escalating tensions between the US and Iran have prompted an increase in Bitcoin price.

General Qasem Soleimani, head of the elite Quds Force of the Iranian Revolutionary Guards, was murdered by U.S. Troops in Iraq. This pushed Bitcoin price higher than $7,500, and a broke a steady decline on the price that started before Christmas.

The cryptocurrency is pretty volatile, making it hard to connect one factor to significant market fluctuations, but international instability is often cited as a factor contributing to rising Bitcoin price.

Full article: https://unblocked.press/bs-bitcoin/bitcoin-price-us-iran-conflict-is-the-answer/

What do you think about this situation?

[Getmon]

I don't share with the idea of these market analysts. These market analysts seem to be incompetent. They seem to be picking on the big current event and then immediately link Bitcoin's price to it. How many times have we been like this? One protest there, the price is said to rise because of it. One announcement here, the price is said to rise because of it. One government in turmoil there, the price is going to explode. And here comes another conflict which is not really a war as they seem to imply, and the price is going to rise again due to it? What is going inside the heads of these analysts? So are we going to pray for more of these kinds of events for Bitcoin to rise?

[coinary]

I don't share with the idea of these market analysts. These market analysts seem to be incompetent. They seem to be picking on the big current event and then immediately link Bitcoin's price to it. How many times have we been like this? One protest there, the price is said to rise because of it. One announcement here, the price is said to rise because of it. One government in turmoil there, the price is going to explode. And here comes another conflict which is not really a war as they seem to imply, and the price is going to rise again due to it? What is going inside the heads of these analysts? So are we going to pray for more of these kinds of events for Bitcoin to rise?

Good comment, I don't guess that people must pray to get more of those kinds of conflicts. No one wants wars.

However, this conflict could bring to Iran more sanctions limiting the economy of Iran and the region, pushing Bitcoin in the Middle East.

[MURONDI]

I'm not sure that's the cause of the rise in bitcoin prices, if examined further there are many reasons for the rising price of bitcoin, but don't know the exact reason, halving bitcoin can also be a reason for price increases, even without the current news, technical analysis also shows the beginning of a positive trend.

[robelneo]

According to market analysts, escalating tensions between the US and Iran have prompted an increase in Bitcoin price.

General Qasem Soleimani, head of the elite Quds Force of the Iranian Revolutionary Guards, was murdered by U.S. Troops in Iraq. This pushed Bitcoin price higher than $7,500, and a broke a steady decline on the price that started before Christmas.

The cryptocurrency is pretty volatile, making it hard to connect one factor to significant market fluctuations, but international instability is often cited as a factor contributing to rising Bitcoin price.

Full article: https://unblocked.press/bs-bitcoin/bitcoin-price-us-iran-conflict-is-the-answer/

What do you think about this situation?

So do we need another, events or conflicts like this for another price hike? the data shows it's true but there are good series of events that also lead to the price increase and I'd like the good series of events than a conflict that could escalate to something bad, but we have proven that Bitcoin is a safe haven for this kind of situation, it's easy and all you need is a USB or a paper wallet, neve rimagine you can move a huge funds with just a USB and a piece of paper.

[Getmon]

I don't share with the idea of these market analysts. These market analysts seem to be incompetent. They seem to be picking on the big current event and then immediately link Bitcoin's price to it. How many times have we been like this? One protest there, the price is said to rise because of it. One announcement here, the price is said to rise because of it. One government in turmoil there, the price is going to explode. And here comes another conflict which is not really a war as they seem to imply, and the price is going to rise again due to it? What is going inside the heads of these analysts? So are we going to pray for more of these kinds of events for Bitcoin to rise?

Good comment, I don't guess that people must pray to get more of those kinds of conflicts. No one wants wars.

However, this conflict could bring to Iran more sanctions limiting the economy of Iran and the region, pushing Bitcoin in the Middle East.

Iran has always been under economic sanctions all this time. It has also been increased already when Trump decided to get out of their nuclear deal with Iran. And now more sanctions. There is nothing new in there. Did Bitcoin's price react every time all these developments took place? I don't think so.

Bitcoin is already reaching new areas one step at a time. It has already entered the Middle East even before this violence came. These analysts are trying to fit Bitcoin's price into whatever things.

[the rise]

The cryptocurrency is pretty volatile, making it hard to connect one factor to significant market fluctuations, but international instability is often cited as a factor contributing to rising Bitcoin price.

If responding to the US-Iran today, before tensions occur, mining activities have been active and legal in Iran, and the Iranian community has begun to talk about bitcoin as an alternative to the third best asset after fiat and gold. so it's natural now why they are active triggers of huge demand for bitcoin and then have global influence. The fact is indeed connected with each other, international instability has become an active catalyst.

[bbc.reporter]

According to market analysts, escalating tensions between the US and Iran have prompted an increase in Bitcoin price.

General Qasem Soleimani, head of the elite Quds Force of the Iranian Revolutionary Guards, was murdered by U.S. Troops in Iraq. This pushed Bitcoin price higher than $7,500, and a broke a steady decline on the price that started before Christmas.

The cryptocurrency is pretty volatile, making it hard to connect one factor to significant market fluctuations, but international instability is often cited as a factor contributing to rising Bitcoin price.

Full article: https://unblocked.press/bs-bitcoin/bitcoin-price-us-iran-conflict-is-the-answer/

What do you think about this situation?

So do we need another, events or conflicts like this for another price hike? the data shows it's true but there are good series of events that also lead to the price increase and I'd like the good series of events than a conflict that could escalate to something bad, but we have proven that Bitcoin is a safe haven for this kind of situation, it's easy and all you need is a USB or a paper wallet, neve rimagine you can move a huge funds with just a USB and a piece of paper.

What data are you basing this on? The localbitcoins data show that the news are false. The localbitcoins volume in Iran has been one of the lowest of all time since its beginning.

[blckhawk]

A conflict could not be always the result of demand. And could not always be told that the demand was the result. It may be such, but the demand and the recant pump looks like just any other manipulation in the market. Iranians aren't buying Bitcoin, their internet is censored, and its just another FOMO scheme pumping the price up, but we have no idea when it's gonna go to a reversal.

[Yaunfitda]

So base on that logic, do we need  some looming wars to be able to see the price of bitcoin spiking up to 5 digit figure?

I don't think that this is the main reason for the sudden pump, at least for me. We have bottom around $6900 earlier so it's just normal to see the price recovered after that and we can't really attribute everything to the US-Iran conflict. I know that there are reports that bitcoin goes up in Iran market to $24k-$26k a pop but it was debunked already.

[riso2015]

I'm not sure that's the cause of the rise in bitcoin prices, if examined further there are many reasons for the rising price of bitcoin, but don't know the exact reason, halving bitcoin can also be a reason for price increases, even without the current news, technical analysis also shows the beginning of a positive trend.

News about the conflict between Iran vs US did not affect for the price of Bitcoin at all, but it did have an effect on world gold prices. I also believe that the price of Bitcoin will increase after Halving later. So you do not be influenced by issues that are not necessarily true.

[CryptoBry]

Iranians are not really buying Bitcoin by trucks but it is the outside market that think that this conflict can be helping Bitcoin hence the surge. I don't understand why people are just looking at the demand within Iran, that is not how a global asset in the market is working. The market is all about perception and projection.

[avikz]

I'm not sure that's the cause of the rise in bitcoin prices, if examined further there are many reasons for the rising price of bitcoin, but don't know the exact reason, halving bitcoin can also be a reason for price increases, even without the current news, technical analysis also shows the beginning of a positive trend.

News about the conflict between Iran vs US did not affect for the price of Bitcoin at all, but it did have an effect on world gold prices. I also believe that the price of Bitcoin will increase after Halving later. So you do not be influenced by issues that are not necessarily true.

Indeed! Bitcoin is not yet seen as a hedging instrument, especially not in Iran for sure! Rather, Gold is an ideal instrument for hedging to a lot of people. Amidst the Iran- US tension, Gold price has also increased supported by robust increase in demand. Bitcoin may very well be supported by the upcoming halving which is supposed to take place in the Mid 2020! That is one of the strongest reasons for increase in bitcoin price,  not certainly the US-Iran war situation!

[hatshepsut93]

I think Bitcoin's price was going to take off soon regardless of any events, and this conflict just triggered the price rise rather than caused it directly. Bitcoin never showed any strong correlation with military actions in the recent years, and we've witnessed a lot of this stuff - North Korea's nuclear launches, US' airstrike against Russian mercenaries, Syrian war, etc.

[maydna]

I don't think much about that because I only see that bitcoin price now can break $8000, and it still going to reach the highest price. Even if there is any correlation with those things, we can take the benefits after we wait for a long time to see the bitcoin price can reach $8000 again. The bitcoin price now tends to increase higher, and perhaps still, the price can break $8500 no matter if there is any other news. But I wonder that if there is another news like that happens, it can boost the bitcoin price to hit higher or not. I guess now many people are taking their profit by selling some of their bitcoin because right now it's a good price to sell it.

[Sadlife]

Maybe the price pump was caused by the global uncertainty that is happening to Iran vs US, as we all know the price of stocks is dumping right now in the US and probably moving to different safe havens, this always happens when a global crisis occurs but is this really the caused of the pump. ?
According to technical perspective the price was about to bull even if the war didn't happened. So the answer is really unclear.

[bounceback]

I am not too sure that the increase in bitcoin prices in the last few days has been caused by geopolitical conflicts between the US and Iran because previously the price of bitcoin also rose without conflict, maybe it was just a coincidence, and in my personal opinion, the current rise in bitcoin prices may be caused by factors certain factors that are directly related to bitcoin.

[sovie]

What else could be the reason? Just before Iran/USA conflict the only thing discussed here was coin halving and whether bitcoin will gall back to 6000$ or 5000$. Curde oil right now is 63$ while gold is 1591$. Everything is up thats why bitcoin is also going up. If things get settled bitcoin will come back again. Its just temporary push.

[Reid]

No.
That is a foolish basis. They just do it for advertisements.
Using the current events to connect with the financial events.
No way I would rely with that. Careful where you are getting all the news. This could be the reason for you to lose more money instead of gaining.

Let us say China and Iraq will have a problem next year and bitcoin soared to 50k USD. I bet he will also use that.

[leea-1334]

Why is a war between old enemies making Bitcoin go up? No one can explain this. If this had a positive effect on BTC, then the wars on Iraq and Syria and all other wars should have pushed Bitcoin up, but in 2018 and 2019 BTC price kept going down. Remember, US even had bigger wins when it killed Islamic State commanders.