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

[Wysi]

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.

[merchantofzeny]

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.

Just speculating but there would be just a small gap between bitcoin skyrocketing from people rushing to protect their money to it absolutely crashing as more countries enter the war. Only people living in countries not affected would have the luxury to watch the price movement.

I would say it might see a pump if either Iran or US formally declares war. It should scare some people into buying bitcoins. Then whales would come in and pump and crash it to take advantage.

[joelsamuya]

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.

There will no big war between Iran and USA, that is for sure. USA is in no position to take the risk for another big war in the Middle East. Iran is still building up its nuclear capacity and this can be taking years before it can be become a heavyweight in terms of war capacity in the Middle East though I am sure that one day it can be. Both of these countries are evaluating the risk involved above the emotional rhetoric and worthless warnings in speeches. For sure, a war between these countries can be helping Bitcoin go up just like its effect on oil.

[enhu]

Well we all need oil for our machines, this will affect the prices and so inflation takes place. I fill my tank with $20 but if the gasoline price inflates, I may not be able to do it with $20. The tension is slowly calming though, the war thankfully might not happen after all. It could have made us all suffer the inflation and possibly bring us to war.

[jonatha28]

Well we all need oil for our machines, this will affect the prices and so inflation takes place. I fill my tank with $20 but if the gasoline price inflates, I may not be able to do it with $20. The tension is slowly calming though, the war thankfully might not happen after all. It could have made us all suffer the inflation and possibly bring us to war.

I'm glad it didn't happen after all.
And it kinda sucks that someone was greedy about war, because a lot of currencies went up after those awful events.

[Eduarop]

Well we all need oil for our machines, this will affect the prices and so inflation takes place. I fill my tank with $20 but if the gasoline price inflates, I may not be able to do it with $20. The tension is slowly calming though, the war thankfully might not happen after all. It could have made us all suffer the inflation and possibly bring us to war.

I'm glad it didn't happen after all.
And it kinda sucks that someone was greedy about war, because a lot of currencies went up after those awful events.

That the conflict was frozen is really good. But the question arises. How long will peace reign in that sector for?

[quarkfx]

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.

countries which depend upon crude oil I mean top importees of crude like china and India will be effected most , if America puts sanctions on Iraq then its to supply of crude is much difficult 

[Eclipse26]

The war between US and Iran won't grow bigger. There is a tension between the two but I don't think they are willing to sacrifice their armies. I think the only goal of Iran is to take revenge of what happened to one of their highest officer. No Iranian and American wants war so maybe the pump because of this war, might not last at all and the people affected won't suffer that long.

[hugeblack]

I do not think that there will be a war between the United States and Iran but merely skirmishes to force Iran to negotiate in exchange for a new nuclear agreement or to weaken Iran internally and limit its military capacity.
Generally, if an all-out war occurs, then the whole world will be affected by the impact of oil prices, but the only victim will be us, as the missiles will fall in our heads, and the economy will be greatly affected.
In general, Iran's role in the region is aggressive and must be stopped.

[alyssa85]

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.

There won't be a war.

But even if there was a war, it would have less of an impact on the global economy than the Iraq war did. The difference between the early 2000's when the Iraq war took place, and now, is that the Americans are now self-sufficient in oil thanks to fracking. That means that it's unlikely the oil price will ever go back to $150 a barrel again. Especially as environmentalists are trying to decrease demand at the same time.

[kro55]

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.

History shows that war always brough death and destruction to economy. There are more negative effects of war then positive. As far as the sufferer's of war is concerned they are people. Economy and infrastructure are destroyed.
Bitcoin pump is also getting converted into dump, thanks to de-escalation of war situation .

[yoseph]

Most of the time when there is serious conflicts, it's the stock market that seems to suffer because investors starts to dump their stocks and go in for gold and other valuable metals for their financial safety. I also saw that the price of Bitcoins started going up as well when the Iranians fired their rockets a the USA military camps.

[GideonGono]

Most of the time when there is serious conflicts, it's the stock market that seems to suffer because investors starts to dump their stocks and go in for gold and other valuable metals for their financial safety. I also saw that the price of Bitcoins started going up as well when the Iranians fired their rockets a the USA military camps.

It would have an affect from the economy of some country who have affected from those kind of situation so some of them need to evacuate and stop working. It maybe affected the economy and the crypto also if a huge investor need their financial of course.

[The Sceptical Chymist]

There will no big war between Iran and USA, that is for sure. USA is in no position to take the risk for another big war in the Middle East.

You do realize who the president of the US is, right?  Right now he apparently thinks he's all-powerful royalty and that there aren't any checks and balances of his power, so who knows what he might do without getting permission to do it?  He just swatted a hornet's nest, and it remains to be seen what Iran does--though they would be stupid to escalate this situation IMO. 

I'm really tired of Trump.  I never wanted him as POTUS, but I thought his presidency was going better than I thought it was up until this thing with the Iranians, which I'm absolutely certain is a smokescreen to draw attention away from his impeachment.  And now it's clear he has no idea what he's doing.

But as far as the effect of all this on crypto, I don't have a clue.  Bitcoin jumped and then fell, but it tends to do that without any big world news, so it could just be a coincidence.  Oil prices rising makes sense, but I would also expect gold & silver to rise if investors really thought we were in trouble, but they haven't moved much.  Anyway, I'm hoping this isn't the start of a war in the middle east.  Nobody needs that.

[Wexlike]

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.

Not only oil prices. Just have a look at the precious metals:

[teosanru]

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.

I think Cryptocurrencies would definitely get a boost due to these tensions. Usa despite of being most powerful army in this world has done a somewhat non civil act in Iran and this world is viewing this as an ignition to world war 3(atleast what the meme suggests). In such a situation no country would want to trust their governments for anything leave currency. Bitcoin which is the currency without any central body would be considered as a safe heaven in such a case not to forget that many countries could also pump their war funding in Cryptocurrencies. So a war tension would definitely boost Bitcoin.

[AniviaBtc]

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.

I think Cryptocurrencies would definitely get a boost due to these tensions. Usa despite of being most powerful army in this world has done a somewhat non civil act in Iran and this world is viewing this as an ignition to world war 3(atleast what the meme suggests). In such a situation no country would want to trust their governments for anything leave currency. Bitcoin which is the currency without any central body would be considered as a safe heaven in such a case not to forget that many countries could also pump their war funding in Cryptocurrencies. So a war tension would definitely boost Bitcoin.

The conflict between the two countries will increase the demand with arms and weapons of massive destruction. A country may use cryptocurrency to purchase those things and we all know that the crypto have potential currencies that can cause wide economic growth. But when that tension continues and the war happened, whole world will be affected by that. Economy will deflate because of destroyed agriculture that the explosions brought to a country. Government should be careful to keep their economy healthy and focus on their own country, not on the war that will only bring harm to the people.

[kapalmabur]

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.

but reportedly now the war has subsided a little because the United States is planning to make peace with IRAN, and the price of Bitcoin has decreased, so it's natural like the game

[TastyChillySauce00]

but reportedly now the war has subsided a little because the United States is planning to make peace with IRAN, and the price of Bitcoin has decreased, so it's natural like the game

Maybe it's true that people are converting their money out of fear if the war breaking out and then after getting some relief they intend to convert it back but the fact that Iran is not a major player in crypto actually means that it has no significant effect to the market and I think it's just global sentiment regarding the market driven by the fact that if the war breaks out it might affect the price of stocks and commodities therefore some people think it's alright to temporarily convert their wealth to bitcoin.

[exstasie]

I'm really tired of Trump.  I never wanted him as POTUS, but I thought his presidency was going better than I thought it was up until this thing with the Iranians, which I'm absolutely certain is a smokescreen to draw attention away from his impeachment.  And now it's clear he has no idea what he's doing.

That's the scary thing. It came completely out of left field, like a diversion tactic. Governments do that in general (creating crises to divert attention from corruption and incompetence), but with Trump it feels like literally anything could happen at any time. All bets are off, etc.

The stock market is performing extremely strong through all this. Nothing can keep it down. It's exuberant. Which probably means everyone calling for a crash in 2020 is going to be disappointed.