Trump's iran War Pump in BTC Price. Will it last? Poll.

[Searing]

Well, interesting times indeed! Do you think this pump in BTC price will fade as 'hopefully' Trump's Iran War talk fades? Or is this simply

a pre-cursor to the halving pump coming and this price will be maintained and go yet higher?

take the poll (I've not a clue!)

Brad

I'm surprised on the results it seems, the war has nothing to do with Bitcoin price, that is the general consensus of the majority here and I thought the Iran issue is one of the main reason why their is a pump, so majority here think it's not, and they attributed it to something unknown until that leaves everybody guessing.

If we are lucky, the Iran situation was JUST enough to shake people up and look at BTC as Plan B again, it is not like the Trump Administration is going to get any saner in the long term.

Then if they further thought about the Halving coming up...perhaps it was just a 'push' of an upturn? (a guy can hope) I need it to have a base price of $11,111.12 (for obvious reasons) as

the FLOOR on the future and forever price never to go below. Then I will 'officially' shut the hell up and never worry about price again. (It is my safe zone don't ya know..like a price pacifier

or blankie for me!)

Anyway, my Edward Jones financial advisor says the stock market is gonna dump big time, likely this year. We will see. Bitcoin is plan B in my book, for such.

Brad

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[exstasie]

If we are lucky, the Iran situation was JUST enough to shake people up and look at BTC as Plan B again, it is not like the Trump Administration is going to get any saner in the long term.

No way. I believe this move was purely technical. So was gold's increase. Already spelled out in the charts. The crude oil market reacted to the situation because of fear around future supply in the region.

The only people who view BTC as "Plan B" at this point are crazy Bitcoiners like us.

[fullhdpixel]

I can tell you that even in Iran price of bitcoin has started to drop down a bit, and I am not even talking about regular price of bitcoin, that could go up but the most clear place we could see about bitcoin being affected due to this "war" was Iran localbitcoin exchange and people there took the price as high as 29 thousand dollars per bitcoin at one point, that was not acceptable because that is basically taking advantage of people in Iran who would like to protect their savings but they would be basically sold a marked up price of bitcoin and not saving their money at all unless there was a Venezuela type of situation.

So, with trumps talk about not escalating things and with IRR price of bitcoin dropping we can safely assume that nothing will change for bitcoin, at least not because of a "war".

[Rikafip]

[Searing]

I've voted "No Clue. BTC is Mysterious.". In my opinion, it's already taking too long for BTC to hit its new ATH. Iran War or not, it would go up these days anyway, but we never actually know the reasons for yet another rising. Of course it's easy to talk about the reasons post factum, but before we are there, I mean, at the new ATH, no one can say when it should happen and why.

Well, it did seem to go up because of the Iran troubles...but BTC is doing what I'd hoped and is staying above $8K as a result of all this. In other words, Trump's antics put BTC and Gold

back up as options to an erratic world, and IMHO, in BTC's case...reinforced the notion of halving that is coming end May 2020, I think it is?

Again, it is not like, again IMHO, the Trump Administration is 'actually' going to have consistent policies on anything in 2020 and BTC if it is really a store of value in uncertain times

should reflect this.

or not...(what do I know at one time I believed the Butterfly Labs ASIC miner hype and drank the kool-aid...I was such a cute newbie back in the day)

Brad

[beerlover]

I wish there was an option of "there was no pump in btc price due to Iran war" because there is no war. You guys could be younger than me, you may not remember the first Iraq war and maybe remember second one a bit better but not even that totally, people who are under 30 may not remember what has happened during all of that war at all.

In iran there was a very shady business by USA that called Qasim Suleimani to Iraq for a peace negotiation and then they actually bombed and killed him, its really a horrible move to call out a guy for peace with a white flag on your hand and drop his guard and then shoot him, that is literally what USA did. In return? Iran bombed an empty place and shot down a civilian plane. None of these are good, however believe me when I say this, none of them are war acts neither, this will lead to nothing.

[bitcoindusts]

I'm surprised on the results it seems, thr war has nothing to do with Bitcoin price, that is the general consensus of the majority here and I thought the Iran issue is one of the main reason why their is a pump, so majority here think it's not, and they attributed it to something unknown until, that leaves everybody guessing.

Indeed war has nothing to do with Bitcoin price.  Do you imagine yourself in a middle of war and rushing to buy Bitcoin?  These are all just a make up story that war enable Bitcoin price to go up.  People do have  great imagination.  They find something relevant to irrelevant stuffs.

[bamboylee]

I think it is a mix of both halving and the news about iran - us war. We know that the price of bitcoin in Iran spiked when the conflict with US started. Maybe it is already affecting the global market. Will it last? Maybe, because there is still a lot of hype about halving. The price hike is started by war news and can be sustained and maybe pushed farther up by the halving event hype.

[Sahyadri]

Bitcoin went up because of the bears getting weak. The short volume got squeezed. Technicals were indicating towards the price rise. Will that fade? Not necessarily. Bitcoin price has been working like this since long now. Either some news which actually matters to the crypto community such as halving or fork, price goes up or down or technicals are strongly suggesting the movement. Price still has momentum to go up. The next resistance isn't that strong. This gonna stay for while.

[asus09]

One month later issues war between Iran and United State keep continue after their country have revolution with new president and government, but why many investor claimed what happen between USA and Iran become momentum for bitcoin raising back with higher price, bitcoin is unique digital payment way where not one can control and manipulated about bitcoin price.

[ubercool]

I think it's just momentary and the time of war might be over. Iran will take a revenge but not in the near future. But the price is seeing more fluctuations and it's making alts bleed higher than normal. I think we need to give more importance towards the implementation rather than market price.

[Betwrong]

~
Again, it is not like, again IMHO, the Trump Administration is 'actually' going to have consistent policies on anything in 2020 and BTC if it is really a store of value in uncertain times

should reflect this.
~

That's what I think too. It shouldn't. We can see from the past history that globally Bitcoin price wasn't affected by any political events. Those ridiculously high prices we see in the news sometimes, whether in Venezuela or in Iran or elsewhere, result from the miscalculations made by journalists. They take the price of BTC in local currency and the official rate of that currency to USD, and then they deduce the USD price of BTC in that country from the above data. But in reality you can't exchange that local currency for USD at the official rate, and if you'd use the real exchange rate, the pair USD/BTC would look as everywhere else in the world.

IMHO, BTC is affected much more by happenings in the world of crypto than by political events.

[palle11]

I think it's just momentary and the time of war might be over. Iran will take a revenge but not in the near future. But the price is seeing more fluctuations and it's making alts bleed higher than normal. I think we need to give more importance towards the implementation rather than market price.

I think that the pump caused by the conflict is just temporary although it has made price to shift, leaving the 7k zone. I see these kind of issues as a market propeller. The price might not shift if not for such .

[Spaffin]

I think it's just momentary and the time of war might be over. Iran will take a revenge but not in the near future. But the price is seeing more fluctuations and it's making alts bleed higher than normal. I think we need to give more importance towards the implementation rather than market price.

I think that the pump caused by the conflict is just temporary although it has made price to shift, leaving the 7k zone. I see these kind of issues as a market propeller. The price might not shift if not for such .

It seems to me that in fact, only a special situation is being whipped up in the media, but in fact everything is much simpler and the conflict between Iran and the United States cannot affect the cryptocurrency market on the scale that we see today in terms of prices on the cryptocurrency market. At least on January 3, when General Suleiman was killed in Iran, which caused a conflict, the Bitcoin capitalization amounted to 137 billion dollars and fluctuated between 5-10 billion until January 14 and in the last few days, Bitcoin capitalization reached 165 billion  dollars.  Although today the price of Bitcoin has slightly decreased and capitalization has also declined.  Based on this, I can assume that other factors had an influence on the cryptocurrency market, and not a conflict with Iran.
Although really such conflicts can lead to a big war, which will lead the whole world to a state of war and perhaps cryptocurrency will be in demand much more than fiat funds.

[bitbunnny]

First if all USA and Iran are not at war. It's not even a conflictt, just a political tension.
Second, this has nothing to do with Bitcoin price and even if such situation continues or even gets worse I don't think that will influence Bitcoin price significantly.
Also, we are not having a pump, it was small rise but at the moment price started to pull back again so we'll.see how this is going to end.