Iran/US tension's effect on crypto and economy ?

[uray]

More people are running away from fiat to cryptocurrencies, one they there will no one left in fiat world, just politicians and banks, together with some governments

Well, as much as I would love that to be true myself, it is still mostly wishful thinking

I do agree with the point as it is hard to image people jumping on to invest in bitcoin think that their currency is going to crash.

People desperately need fiat to pay for their daily expenses, and taking into account that the vast majority of the world population live paycheck to paycheck (and many of them on credit at that), they are not interested in cryptocurrencies. This is simply the way things are, whether you, me, or whoever else likes it or not

People who are investing in banks can shift their savings in bitcoin if they are smart enough to do so because some countries are worse when it comes to inflation and investing in bitcoin could save their funds in the long term.

We don't even know how much of the recent spike in Bitcoin's price is actually due to the showdown between Iran and America because cryptocurrencies as whole play a very small role in the global affairs, and thus are pretty insignificant in the larger picture to reach any definitive conclusion on the matter

The market could have increased even if there was no tension between Iran and America as the market is close to the halving and it is time that we see some recover.

[1713555145]

1713555145

[1713555145]

1713555145

[1713555145]

1713555145

[1713555145]

1713555145

[Triffin]

The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out?  Who will suffer most and where will this lead our economy as wars always leads to inflation.

You’re wrong, this situation has nothing to do with cryptocurrency. The price did go up this week to around eight thousand dollars, but today it has dropped back to seven thousand dollars, so do you still think that it has anything to do with the war? And moreover, anyone who lives in a country fighting war doesn’t care about all these things, they only care about surviving.

I wouldn’t wish for the war to take place because war is a bad thing, though I don’t live in any of those countries that would be affected, but I still don’t like reading of innocent citizens being killed for no reason.

I completely agree with this. Even I think the price pump for bitcoin has nothing to do with the war because the price has already moved back to normal. Bitcoins are a volatile currency and the price change is normal.

Even if bitcoins would have moved to about $10k it would have been normal in the case of bitcoins because bitcoins are the most volatile currency. I can't yet think about the price change occurring due to the war amongst two of the countries. How could we relate them? Price of gold, oil or any other resources might be surely affected but it might not be the case with bitcoins.

Bitcoins are a decentralized currency which does not involve in any political or global crisis. Yes, the prices might be affected if a global World-war takes place but not in the case of small wars between two or more countries.

Yeah you are right and  I also do not think about this that the  Iran/US tension's effect the price of  crypto currencies negatively so yeah the now a days the price of  bitcoin is going to very good position and I hope very soon the price of bitcoin will get back to 10,000 dollar, and otherwise to seeing the world economy the Iran and US tension effect it.

[alexsandria]

The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out?  Who will suffer most and where will this lead our economy as wars always leads to inflation.

Third world countries who might be entering this potential war. If war were still going to break out, and price at significant producer were going to spike it up countries who are barely make to buy are the ones who are going to suffer more especially those who are in a heavy loans. In addition to this, crypto currency will surely be skyrocketting especially in their local exchange as the tension goes on. And it alreay happened at Iran, right?

[FLoving]

The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out?  Who will suffer most and where will this lead our economy as wars always leads to inflation.

Third world countries who might be entering this potential war. If war were still going to break out, and price at significant producer were going to spike it up countries who are barely make to buy are the ones who are going to suffer more especially those who are in a heavy loans. In addition to this, crypto currency will surely be skyrocketting especially in their local exchange as the tension goes on. And it alreay happened at Iran, right?

Yes the price of these things will increase which will put a bad effect on all of the countries of the world. In the case of Iran-USA tension it will not leave any region of the world to suffer the consequences of the war as we all know that Iran is ready to fight with USA and as majority of the world economy is connected with USA so in any harm to USA economy the whole world will suffer a great lose.

[Yatsan]

The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out?  Who will suffer most and where will this lead our economy as wars always leads to inflation.

This is the only time I feared the positive effect of an external factor to crypto, it could be anything but the case right now is a possible war where the world is in danger, lives are at risk and economy will be at large. I'd rather see the prices below our expectations than seeing the world fighting in war.

Third world countries who might be entering this potential war. If war were still going to break out, and price at significant producer were going to spike it up countries who are barely make to buy are the ones who are going to suffer more especially those who are in a heavy loans. In addition to this, crypto currency will surely be skyrocketting especially in their local exchange as the tension goes on. And it alreay happened at Iran, right?

I guess third world countries will just be in surface if they got damaged or harmed during the war. US-Iran tension escalated quickly after a consecutive strikes. The price changes in 2 weeks is a sign of massive conversion in Iran on which price of bitcoin on their local exchange is way different from ours. We could do nothing about crypto when war really breaks out.

[henrybek3]

The US owns a direct impact on bitcoin. They can give many negative explanations for Bitcoin. However, bitcoin is adversely affected. What if Bitcoin gains resistance to these statements? Control goes into the hands of bitcoin stockholders. The issue of Iran is simple. Bitcoin may increase if a war arises.

[Maslate]

The US owns a direct impact on bitcoin. They can give many negative explanations for Bitcoin. However, bitcoin is adversely affected. What if Bitcoin gains resistance to these statements? Control goes into the hands of bitcoin stockholders. The issue of Iran is simple. Bitcoin may increase if a war arises.

The reality is whales are only looking for news that they could use to again manipulate the price.

With that pump, they already made some big money in just a short period of time, and now that it seems silent again, price could fall again and they will again pump this, believe me, that's the trend I saw in 2018 and 2019.

[iv4n]

The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out?  Who will suffer most and where will this lead our economy as wars always leads to inflation.

High inflation is inevitable in this year 2020, there has been too much loss and soon will be war exploits from the two sides. I feel that Iran is very angry and maybe they will retaliate a very hard blow to the American people. So keeping fiat money now is no longer a good choice, if possible we should buy gold or Bitcoin. I have noticed that recently the price of Bitcoin has been steadily increasing and Gold is falling again. We can see Bitcoin is more potential than Gold now.

Keeping fiat money is not a good option at all, it was never, unless it works for you in some way, inflation always eats your fiat if you just hold it. Conflict like conflict is boosting some economies that are based on wars, US for example earning a lot from selling weapons, some others suffer, it's a never ending circle if you ask me where mostly innocent people pay the price. Bitcoin will increase popularity and price on its own, wars around the world will just speed up that process, as I said before people are tired from this shit that happens all the time somewhere in the world, and from people who earn on that, and we know who earn money from that!

[Colt81]

The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out?  Who will suffer most and where will this lead our economy as wars always leads to inflation.

It's true that oil prices and gold have pumped up it's prices in the past few weeks due to the war between US and Iran, that is why there is a huge chances that bitcoin would also pumped up it's price if the war continues. But we should not celebrate about it because if the war really continues every country in the world will be involved and a lot of people will die.

[Andrews193]

The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out?  Who will suffer most and where will this lead our economy as wars always leads to inflation.

It's true that oil prices and gold have pumped up it's prices in the past few weeks due to the war between US and Iran, that is why there is a huge chances that bitcoin would also pumped up it's price if the war continues. But we should not celebrate about it because if the war really continues every country in the world will be involved and a lot of people will die.

I don't understand why we are using tensions between the US and Iran to explain the growth of gold and some other resources in the recent period, why don't we think that this price increase is appropriate when their economies are growing stronger each year? Besides, the price of bitcoin is not affected in this story, its price depends on demand, information about stress and this battle is just a speculation without logic, perhaps all to obscure the manipulation in some institutions' bitcoin

[bitcoindusts]

The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out?  Who will suffer most and where will this lead our economy as wars always leads to inflation.

It's true that oil prices and gold have pumped up it's prices in the past few weeks due to the war between US and Iran, that is why there is a huge chances that bitcoin would also pumped up it's price if the war continues. But we should not celebrate about it because if the war really continues every country in the world will be involved and a lot of people will die.

I don't understand why we are using tensions between the US and Iran to explain the growth of gold and some other resources in the recent period, why don't we think that this price increase is appropriate when their economies are growing stronger each year? Besides, the price of bitcoin is not affected in this story, its price depends on demand, information about stress and this battle is just a speculation without logic, perhaps all to obscure the manipulation in some institutions' bitcoin

Same thought here.  The tension between US and Iran were just used to manipulate the market.  There is no direct correlation between the current Bitcoin price movement and this so called tension.  Because if it is so, why does the price of Bitcoin increase today when the situation in the middle east does not change nor the tension escalate?  I believe this kind of thing is just the result of the wild imagination of writers paid by some whales to incite something in the market.

[Wexlike]

Same thought here.  The tension between US and Iran were just used to manipulate the market.  There is no direct correlation between the current Bitcoin price movement and this so called tension.  Because if it is so, why does the price of Bitcoin increase today when the situation in the middle east does not change nor the tension escalate?  I believe this kind of thing is just the result of the wild imagination of writers paid by some whales to incite something in the market.

Very correct! It is the media and their experts who need to tell the audience the cause and the effect of an action, even when there is no logical correlation between them.

Bitcoin would have to react much more to Trump tweets, when most of the time the market just doesn't give a fuck, until some big whale makes a splash in a direction.

[agentx44]

The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out?  Who will suffer most and where will this lead our economy as wars always leads to inflation.

The world economy will surely keep on going down if ever this war takes place and surely crypto will gain positive benefits from it but I don't think it would last for long as everyone gets busy maintaining peace within their territories. Iran is one of the main source of oil for the world and this tension would surely increase the price of the oil which will affect the economy of those countries who supplies oil form Iran negatively and on the worst case scenario, shortage may take place as thirld world countries gets much poorer.