Bitcoin Cools After Trump De-Escalates War With Iran

[cheezcarls]

The unprecedented Iranian strikes against U.S. military bases in Iraq saw Bitcoin rise as a hedge against the chaos. However, its price movements have cooled as President Trump today announced de-escalation.

Yesterday, Iran launched 15 ballistic missiles at two airbases in Iraq, which caused widespread panic. No casualties were reported. The markets responded accordingly, and Bitcoin saw a significant increase in the aftermath of the attack, as did crude oil.

Click here to read the full news

So this is where Bitcoin dropped from $8,330 to just above $8,000+ in just moments after de-escalation.

For those who have bought during the dip, I think you made a nice profit out there. I just don't know if it could dip even further. For me, it's much better if you sell if you're just a day trader or a short-term holder of Bitcoin.

As for long-term holders until the halving? Oh well, let's see what happens then.

It's just good that the tensions are now eased because of Trump's decision to de-escalate after that revenge attack of Iran's ballistic missiles.

[cabron]

No war will happen? Bitcoin will go $6k then.  Speculations will still continue whether there is war or not.   

I watched the news that 15 missiles was released, at least two hit the US bases but didn't hurt anyone.  Clearly this is an escalation I don't think Trump can just calm that away with just an announcement to make Iran stop its plan to retaliate.

[coinycoiny]

Headline should read

"Bitcoin cools as pumpers loose the reason behind hyping the price. Don't worry, they'll come up with something else tomorrow."

Can I interest you in some tulips?

[rdbase]

Yes. I agree with coiny here.
There isnt any correlation between the two.
Only a huge amount of bitcoin being bought all at once can change the price this fast.
Some people have got to stop drinking the kool-aid the media keeps stuffing down their throats.

[joinfree]

I don't know why all of a sudden everything in this industry is revolving around Trump and Iranian war. The crypto market is volatile and it is very normal to see these frequent ups and downs of the market. So it really baffles me that anything that occurs in this industry right now is associated with Trump and the rumours of US having war with Iran.

[pakhitheboss]

War will never happen, there will be proxies fighting each other which is common nowdays. Iran will lose everything if it goes to war with the US. Bitcoin has a mild surge but, now it is going back to its original price. I expect it to slide below 7k within few days.

[nydiacaskey01]

The tension between US and Iran is there and has always been there. It just rises because of POTUS asking his army to hit Iran with their General in the area. The tension between US and Iran is all about Oil and nothing more. Bitcoin surging to $8,000 has nothing to do with it or not affected by it. If you are surprise by the sudden surge of price of Bitcoin then where have you been in the past years.

[vintages]

War will never happen, there will be proxies fighting each other which is common nowdays. Iran will lose everything if it goes to war with the US. Bitcoin has a mild surge but, now it is going back to its original price. I expect it to slide below 7k within few days.

Don't say war will never happen as anything can happen because the future is undetermined and unpredictable.
Back to OP...
How exactly do this two relate? Bitcoin and the uprise war. Are you saying that most people where trying to accumulate cryptocurrency especially Bitcoin incase if there is war? I find it funny as how we tend to link Bitcoin prices to any event.

[darkangel11]

No war will happen? Bitcoin will go $6k then.  Speculations will still continue whether there is war or not.   

I watched the news that 15 missiles was released, at least two hit the US bases but didn't hurt anyone.  Clearly this is an escalation I don't think Trump can just calm that away with just an announcement to make Iran stop its plan to retaliate.

The start of the pump could have been connected to the war but the end was not. It was technical. There's just not enough money flowing into the market to make bitcoin go up day after day for weeks. It has to take a breather at some point when traders take profit and think about their next move. We are not in a full bull market yet but rather in a consolidation.

If the war was to blame for it all who is scared of it and buying? The volume did not come from Iran. Was it the Jews?

[MURONDI]

why people always connect the price of bitcoin with Iran and the US problem, whereas in my opinion the problem doesn't really have an effect on the price of bitcoin, the rise and fall of bitcoin prices is common, learn to think openly so that you don't always connect the price of bitcoin with the news, not necessarily Iran vs US news affecting the price of bitcoin.

[Tipstar]

I don't feel good when people try to associate the rise in price of bitcoin with war and a fall in price for peace. It may surely have some effect on the price but it's not the ultimate price pusher. The increase in economic activity with war would be followed by a longer economic winter and while the growth during peace maybe slower, it would be a natural one and would be more resistive to fall.

[The Sceptical Chymist]

It's just good that the tensions are now eased because of Trump's decision to de-escalate after that revenge attack of Iran's ballistic missiles.

Yeah, but I'm not so sure that tensions have eased all that much.  I'm sure the Iranians are super pissed about the initial US strike that killed the general.  It is a good thing that Trump isn't still gloating and puffing his chest out like the total asshole that he is, because that's the sort of thing that could kick off WWIII.  I'm really hoping he gets impeached before he can do any more damage.

But as far as bitcoin is concerned, I have to admit that it looks like its price is following these developments pretty closely.  It could still be a coincidence, but it certainly doesn't look like it is, and frankly I'd rather have it under $8k than have it soar to a new ATH while everyone is preparing for nuclear war.  I don't have my bunker ready yet, you know.

I don't feel good when people try to associate the rise in price of bitcoin with war and a fall in price for peace. It may surely have some effect on the price but it's not the ultimate price pusher.

I kind of agree with you on that.  It's not like bitcoin is a safe-haven asset that people buy in times of uncertainty, like gold.  However, it's obvious that people were buying it in droves these past few days and something had to be causing them to do that.  I don't know what to think, but then again I'm not one for needing explanations for market movements.

[CryptoBry]

So this is where Bitcoin dropped from $8,330 to just above $8,000+ in just moments after de-escalation.
For those who have bought during the dip, I think you made a nice profit out there. I just don't know if it could dip even further. For me, it's much better if you sell if you're just a day trader or a short-term holder of Bitcoin. As for long-term holders until the halving? Oh well, let's see what happens then. It's just good that the tensions are now eased because of Trump's decision to de-escalate after that revenge attack of Iran's ballistic missiles.

I have been expecting this thing. There will never be a big war between USA and Iran, at least not for now since not one of them can actually afford a full-blown conflict as it can be too costly. Now, the fact that Bitcoin reacted to this development is a big confirmation that the skirmishes between the two countries really pushed Bitcoin upwards (and it is not because people in Iran were buying BTC because they never did that!). The marketplace is a big psychological game and we should know it by now. I am now expecting that the coming halving can be the main focus of the Bitcoin market as we are now getting away from the war narrative.

[ufaiz50]

Many see this as a trump plan to increase popularity in the upcoming US presidential election. The sideway market will return, we just have to wait until halving later in the middle of the year and are there any more bulls in the crypto market in the bitcoin market. Hoping there is some news that can make the crypto market go up, but not for world war news.

[meanwords]

I don't know how is Bitcoin price related to the ongoing war between Iran and U.S. but had my profit nonetheless. This stupid leaders of the world trying to act cool to show their power is just the gains of others. What profit would they make from making war to other countries? Can the people really cope with it now that we are at a technological advancement age? but it surely won't escalate into a world war.

[bangjoe]

Many see this as a trump plan to increase popularity in the upcoming US presidential election. The sideway market will return, we just have to wait until halving later in the middle of the year and are there any more bulls in the crypto market in the bitcoin market. Hoping there is some news that can make the crypto market go up, but not for world war news.

still waiting for what will happen next in tensions between the two countries, bitcoin has returned to $ 7,963, which shows that sideways are slowly beginning to be seen, all still associating bitcoin speculatively with the atmosphere of war because that is a very actual thing for now, I also expect other news so that the btc movement doesn't look manipulative from just one news.

[blckhawk]

If you had bought on somewhere near $7,300, and sold at near $8,400, then you have gained somewhere 10%-13%. Despite that, I don't think there are any colleration between the two, and the pump is mere manipulation rather than real demand. Iranian aren't that interested in Bitcoin. And when you notice, even after the news of Iran launching those missiles, the downtrend already started, stating that the initial pump was only manipulation.

[Ozero]

No war will happen? Bitcoin will go $6k then.  Speculations will still continue whether there is war or not.   

I watched the news that 15 missiles was released, at least two hit the US bases but didn't hurt anyone.  Clearly this is an escalation I don't think Trump can just calm that away with just an announcement to make Iran stop its plan to retaliate.

Trump cannot go to the outbreak of war with Iran, because Congress is opposed to this and even there they are discussing the adoption of a special law that would prohibit Trump from doing this. Apparently, Iran knew this and therefore decided to retaliate with a missile strike on American bases.
It is not very clear whether these events have an increase in the price of bitcoin, since in Iran itself the demand for bitcoin has not increased. We will compare further events.

[Ica Nft]

I think war can make lose volume of bitcoin,because thats will broke anything,especially from both of countries.
why many people connect war can rise price of bitcoin ?

[piebeyb]

I bet the price of bitcoin has gone up since yesterday not because of Trump and iran conflicts, the price is going down right now because it is impossible for the price of bitcoin to rise continuously every time that's trading, it just goes down for a moment to jump further the next week, this time there is no drastically down just look at the movement

No war will happen? Bitcoin will go $6k then.  Speculations will still continue whether there is war or not.   

$ 6k, have you been late in buying this moment since yesterday, I hope you can see it again