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Author Topic: Bitcoin soars to $8,400 amid Middle East Conflict, breaking Three-Month all high  (Read 223 times)
Ozero
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January 08, 2020, 07:10:25 PM
 #21

Why do you think that the reason behind the pump is the risky actions of Trump and increased tensions between the US and Iran? Today a plane of Ukrainian airlines crashed shortly after going up in the air at the central airport in Iran, even though the plane passed a technical review a couple of days ago, it was in good state and the crew was experienced. Would that affect the price as well?
I think Bitcoin is up because it's been don't for too long. I don't see how Iran-USA could affect it that much.
It is unlikely that the current increase in the price of bitcoin over the past few days is associated with tensions between the United States and Iran. The audit showed that in Iran and in this region as a whole, the demand for bitcoin did not increase.
A civilian plane owned by Ukrainian Airlines was most likely shot down by a rocket after taking off from Tehran's airport and began to gain altitude. Killed all 169 passengers of different nationalities, the largest number were citizens of Iran and Canada. What this means is still unclear. However, many states, including Ukraine, have so far suspended flights over Iran.

akosiMalakas
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January 08, 2020, 07:12:32 PM
 #22

And if you are basing on situation in Iran and America

Quote
Due to recent US attacks on Iraq we got a noticeable jump up to $7.500. Now we are seeing it again cause of yesterday's attack at US Base.
Could continue to grow up as more targets get hit maybe. And tensions rises.

I will base also my answer why bitcoin now are decreasing and this is because of this

Quote
The US President Mr. Donald Trump is Live Now
Talking About The Iran & USA Issue. Probably This Could Be Reason for The BTC Dip...

We Couldn't Hear Live. it's Still Going On.
Must Watch

https://twitter.com/WhiteHouse/status/1214946620053184513?s=20

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omone1
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January 08, 2020, 07:17:44 PM
 #23

I was not expecting this but had told some of my friends to invest all they can on bitcoin, but they delayed till now, and they are asking me if they should buy, I just told them they ignored me when they should have bought at $6550. But they ignored all advise. If the tension between Iran and USA dies down, bitcoin price might get some correction.
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January 08, 2020, 09:10:10 PM
 #24

I don't know why people still associate the rise of bitcoin to the imminent war between Iran and the US because there is basically no facts behind this. What is driving the price of bitcoin to go up is simply the approaching of bitcoin block reward halving. Bitcoin chart history confirms this and many people believe this is going to happen again hence the rise to buying bitcoin has increased as halving approaches.

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pakhitheboss
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January 08, 2020, 09:20:42 PM
 #25

It is a short time pump, it will go back down after few days when the tension de escalates. It is not possible for Iran to fight on all fronts and also have a war with America. Things will change for best in couple of days.

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January 08, 2020, 09:34:02 PM
 #26

I don't know why people still associate the rise of bitcoin to the imminent war between Iran and the US because there is basically no facts behind this. What is driving the price of bitcoin to go up is simply the approaching of bitcoin block reward halving. Bitcoin chart history confirms this and many people believe this is going to happen again hence the rise to buying bitcoin has increased as halving approaches.
Definitely true. There's no real correlation between the War and the price increase. people are just overly optimistic and trust me, if the war really happened bitcoin will be falling just like any other commodities or even stocks. War is never a good thing and to hope that it could somehow making the price soars is ridiculous.

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