Mihaylovic
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January 09, 2020, 07:33:18 PM |
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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.
As far as i remember from new, the issue between USA and Iran globally has not affect to the bitcoin and crypto prices. But local bitcoin price in Iran increased for a while in the first day after the murder of Iranian General Suleymani.
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ene1980
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January 09, 2020, 08:36:23 PM |
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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. If there is a full fledged war then there is a economic issue around the world as the oil price will keep on rising and it will create an economic imbalance in the economy and that will be affected in every country around the globe and hopefully we will see a stand down without escalating the situation as a war will not bring anything positive rather than destruction and misery and if there is a situation of war people will invest their money in assets like gold and partly in bitcoin and other assets that cannot be affected by the war.
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vintages
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January 09, 2020, 09:57:08 PM |
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We are still not sure what actually pumped the recent price of Bitcoin. So we can't conclude that it is related to the tension between Iran and the United States of America. Since its the recent even that is rising, I guess it's more of the reason why people tend to link them. For your question, we don't hope to see another war, not in this time. If it ever happens, most underdeveloped countries will be affected. They are always the one been affected. If inflation breaks out, not everyone of them can invest or purchase Bitcoin as it price may pump more.
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pixie85
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January 09, 2020, 11:30:21 PM |
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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.
Stocks go down commodities go up. People run to the banks take out cash because they're worried of network problems and card terminals acting up. This is the beginning of a mass hysteria. You can already see it happening when people are saying it's going to be WW3. Iran doesn't have enough allies for it to become a world war. If there is a war the USA will once again test out their new toys on a new battlefield like they did in Iraq and Afghanistan.
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hatshepsut93
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January 10, 2020, 01:12:25 AM |
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Neither Iran nor the US want to truly go to war, they just want to show their strength, especially to their domestic audience - Trump will soon have elections, Iran had protests. So, since there will be no war, there's will be no long term effects on economy, the prices that reacted to the news will correct.
As for crypto, I doubt it will go down to the previous levels, since the market was looking for a reason to turn bullish for a long time.
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googol.star
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January 10, 2020, 01:53:31 AM |
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I saw that after the plain crash Bitcoin in Iran shot up to $24,000. That's insane, and I do not like the reasons why it shot up. But I'm guessing that will have an effect on the price here.
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iamMhew
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January 10, 2020, 02:22:47 AM |
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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.
As far as i remember from new, the issue between USA and Iran globally has not affect to the bitcoin and crypto prices. But local bitcoin price in Iran increased for a while in the first day after the murder of Iranian General Suleymani. Coz their currency when down a bit...probably some locals unload their fiat to crypto for awhile
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iamMhew
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January 10, 2020, 02:40:07 AM |
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Opinion:
It still depends on how many individuals or institutions that are a holder of Iran's fiat money that are more interested in crypto currencies, this is an ancient country that still value gold. But it is highly unlikely that a majority of those holder of Iranians fiat money will convert to crypto.
Depending on the recent situations on how they play out, surely it will affect their economy. For sure, USA and Iran dont want to draw their military powers in the battlefield for the meantime.
But when it comes to global economy, this will have a little effect on it if these two countries will take on a shooting contest. No allies, just a duel.
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romero121
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January 10, 2020, 04:26:47 AM |
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Earlier we've experienced impact of trade war and this is the first time we're experiencing some formal war between Iran and America causing a drastic change in the markets. This doesn't left the crypto market. Probably if any of the countries give formal statements of war, surely the war impact can be felt in the change of Bitcoin price. This is just because of investors moving more funds to Bitcoin from other investments by the people of the respective country to safeguard the savings from the war.
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AmoreJaz
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January 10, 2020, 04:43:55 AM |
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Earlier we've experienced impact of trade war and this is the first time we're experiencing some formal war between Iran and America causing a drastic change in the markets. This doesn't left the crypto market. Probably if any of the countries give formal statements of war, surely the war impact can be felt in the change of Bitcoin price. This is just because of investors moving more funds to Bitcoin from other investments by the people of the respective country to safeguard the savings from the war.
since Trump decided not to retaliate after Iran's missiles' attack, suddenly bitcoin's price is going down again. https://edition.cnn.com/2020/01/08/politics/standing-down-trump-iran-retaliation-strike/index.htmlbut if iran changed their minds and do another much harsher attack and ignore what Trump had said in his speech. i guess war is really imminent. but i hope, iran will not do such dumb move just to show to the world that they are ready to fight because theyre not. https://www.cbsnews.com/live-updates/iran-commander-vows-harsher-revenge-against-us-relief-in-tehran-today-after-trump-speech-2020-01-09/though we will be experiencing a good price movement if in case war happens but i dont think this will be good for the people living in that area and the soldiers that will fight for their respective countries!
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senin
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January 10, 2020, 05:20:43 AM |
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Neither Iran nor the US want to truly go to war, they just want to show their strength, especially to their domestic audience - Trump will soon have elections, Iran had protests. So, since there will be no war, there's will be no long term effects on economy, the prices that reacted to the news will correct.
As for crypto, I doubt it will go down to the previous levels, since the market was looking for a reason to turn bullish for a long time.
I agree that the military conflict between the United States and Iran is unlikely to continue. Trump will not be allowed to do this by Congress, and Iran must understand that this country has no chance in a war with the United States. The United States, in fact, achieved its goal, and in Iran showed that they are ready to defend themselves. As for cryptocurrency, we see that Bitcoin has slowly returned to its previous price and now, according to CoinMarketCap, its price is 7844 dollars. Apparently, he is not yet ready for growth.
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hatshepsut93
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January 10, 2020, 05:35:14 AM |
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As for cryptocurrency, we see that Bitcoin has slowly returned to its previous price and now, according to CoinMarketCap, its price is 7844 dollars. Apparently, he is not yet ready for growth.
Previous level would be around $7,000 and we are much higher than that, so now if the time to test if we will be able to retain the gains from this pump or not - I believe Bitcoin won't plunge deeper, at least not for long. It's quite ready for growth, the halvening is soon and the market was bearish for more than half a year already, and we have successfully defended the $6,500-7,000 range multiple times already..
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coin-investor
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January 10, 2020, 05:48:04 AM |
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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 will affect so many countries because Iran is strategically located in a region where transportation of oil pass, the price of crude oil and oil will drastically increase, and it will affect the price, and countries who depend heavily on oil will suffer, the Crypto market will have perform better because rich people will convert their wealth to Crypto to flee from these regions but the negative impact outweighs the positive.
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sana54210
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January 10, 2020, 06:06:35 AM |
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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.
From what I gather today Trump is not looking to escalate things like you guys saw and that means there won't be a war. However, just because there is no war doesn't mean that there is no unrest about it, we do not have Iran and USA allies and friends all of a sudden, we just witnessed Iran bombing of a USA base which is a big no no in regular times but Americans do not want a fight and trying to avoid another war in middle east so they are willing to look away from the bombing and the missiles but they haven't just decided that Iran is a good place all of a sudden neither. Iranians didn't forget the killing of a high rank official neither, but they don't want hundreds of thousands of people dead just because one guy was killed neither. There is an old saying "People of two nations are more similar than people in those nations to their governments and two nations governments are more similar to each other than their public".
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Baofeng
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January 10, 2020, 06:13:43 AM |
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As for cryptocurrency, we see that Bitcoin has slowly returned to its previous price and now, according to CoinMarketCap, its price is 7844 dollars. Apparently, he is not yet ready for growth.
Previous level would be around $7,000 and we are much higher than that, so now if the time to test if we will be able to retain the gains from this pump or not - I believe Bitcoin won't plunge deeper, at least not for long. It's quite ready for growth, the halvening is soon and the market was bearish for more than half a year already, and we have successfully defended the $6,500-7,000 range multiple times already.. It's now on the $7800 range, the so called gains we have because of the supposedly looming wars between the US and Iran is -500$. So their no real effect on the price, except those manipulators who take advantage of the situation to create an artificial mini-bull run and then gets their profits, in short it is a bull trap. I'm expecting the price to plunge further to $7500 again. So we can say that the effect on the price is not sustainable.
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gabbie2010
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January 10, 2020, 06:27:25 AM |
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As for cryptocurrency, we see that Bitcoin has slowly returned to its previous price and now, according to CoinMarketCap, its price is 7844 dollars. Apparently, he is not yet ready for growth.
Previous level would be around $7,000 and we are much higher than that, so now if the time to test if we will be able to retain the gains from this pump or not - I believe Bitcoin won't plunge deeper, at least not for long. It's quite ready for growth, the halvening is soon and the market was bearish for more than half a year already, and we have successfully defended the $6,500-7,000 range multiple times already.. It's now on the $7800 range, the so called gains we have because of the supposedly looming wars between the US and Iran is -500$. So their no real effect on the price, except those manipulators who take advantage of the situation to create an artificial mini-bull run and then gets their profits, in short it is a bull trap. I'm expecting the price to plunge further to $7500 again. So we can say that the effect on the price is not sustainable. Meanwhile some traders might have make some profits since the commencement of the crisis "looming war between US and Iran" it was very glaring the price of bitcoin pumped when the Iran General soulimani was assassinated by US there was a rumor that bitcoin was sold locally at $24,000 in Iran while the real price pumped to $8400 some traders would have taken profits at that price while immediately President Trump made a press release of US standing down on the crisis price dumped another opportunity for buying.
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SquallLeonhart
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January 10, 2020, 06:38:00 AM |
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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.
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blckhawk
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January 10, 2020, 07:56:51 AM |
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Most wars result in economical crash, especially to those involved countries. The business sector slows down and comes to a halt when necessary. Trading and exchange are crippled. There could be an influx of people going into crypto as a store of value, but it won't matter anyway once the war broke out to a devastating level.
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Kakmakr
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January 10, 2020, 08:13:47 AM |
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Political instability will surely have a limited affect on the Bitcoin price. I cannot see that institutional investors would shift investment capital into high risk investment options like Crypto currencies. The average small investor might pull some investment funds and savings out of Banks to hedge against potential risk of global financial instability, but professional investors will shift their funds to traditional safe havens like Gold and Silver. ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) People in these war torn countries might shift their wealth into Bitcoin to hedge against the price drop in their local currency and also possibly to enable them to bypass local restrictions on wealth leaving the country. (Capital controls and Foreign exchange controls) Travelers leaving Iran by air are only allowed to carry 5000 euros ($5,980) or its equivalent in other foreign currencies. Source : https://en.radiofarda.com/a/central-bank-sets-strict-limits-on-cash-leaving-iran-amid-ongoing-currency-crisis/29225983.html
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karanggatak
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January 10, 2020, 10:34:28 AM |
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I think this conflict between America and Iran will not continue. because yesterday the American president gave an official statement that they would sanction Iran and not use military force to fight Iran. and countries in the world will also encourage the two countries to immediately make peace. because we know Iran is an oil-producing country if this country is in conflict, this will affect world oil prices and also have an impact on the world economy.
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