War affects the Entire Cryptocurrency?

[SquallLeonhart]

As I saw last days bitcoin pumps after Iran declared the war against the United States, On my observation its because some people on the middle east sold they commodities, some stocks and bought cryptocurrency to keep carefully their assets. Do you think guys war was favor on the entire crypto investors? You can share your thought now.

Wars are not actually good for the economy of any country. Economic conditions of the countries participating in the way like situations drops quit quickly which also drops the price for their specific fiat currencies. It keeps the peoples from those countries on the descending rate of economic conditions. In this case, peoples might find investing in cryptocurrencies like bitcoin beneficial as they won't have to face any economic challenges by investing into the decentralized currency like bitcoin.

It might be something which might be deriving the price for bitcoin on the peak after the surge of the war but it might not be expected for long term as war has to end sometime and peoples might convert bitcoins back to their fiat once they feel the economic condition of their country is stabilizing.

[TastyChillySauce00]

I am not against the topic OP, But not all signs also war can affect cryptocurrency. You have a point and its not possible to happen in the future and war is not a reason to pump the bitcoin. 

Personally, I see the main problem in another. If a number of countries resort to the use of cryptocurrency during the war, in particular bitcoin, then nothing prevents large players from dropping the price of bitcoin to unimaginable limits, provoking panic moods, forcing them to sell most of the recently purchased bitcoins. Large players, in turn, will be able to redeem a panic sale on the cheap.

Bitcoin will be an option in time of war but not particularly the first or primary resort for them. There are many things out there that could be a safe haven for your money.

Speaking about manipulation, that kind of practices seems to have already running since long time ago. Though, so many attempt of manipulations by group of whales but still here we are. If people resorting to bitcoin which also automatically increase the market capitalization it will atleast become a lot harder and requires a lot more resource to manipulate.

[gabbie2010]

I think war do have lots of effect to crypto, especially bitcoin. In 2017, North Korea also have many actions may lead to war and this time bitcoin grow up much. For now, i dont think there will much difference because bitcoin is good and safety asset to be hold and carry.

The war between America and.Iran gives bitcoin an opportunity to pump up so hard maybe because Iran buy bitcoin to make buy a weapon that trigger to the people also to make action and buy bitcoin and now the war was end.

It's very obvious and glaring that the recent crisis between America and Iran that nearly culminated to war has an impact on the price of bitcoin,  quite a number of individuals of the two countries are hodler of BTC while a number of them would demand more for it which would exceed supply thus pump the price.

[aryana42]

I am not against the topic OP, But not all signs also war can affect cryptocurrency. You have a point and its not possible to happen in the future and war is not a reason to pump the bitcoin. 

Logically, yes, war will not pump into the price of bitcoin, because not all countries are involved in war in this world, but if all countries engage in war, many people will store their assets in digital form, and that will clearly affect the price of bitcoin and altcoin, even though internet network warfare can be disrupted.

[junkerr]

I am not against the topic OP, But not all signs also war can affect cryptocurrency. You have a point and its not possible to happen in the future and war is not a reason to pump the bitcoin. 

Logically, yes, war will not pump into the price of bitcoin, because not all countries are involved in war in this world, but if all countries engage in war, many people will store their assets in digital form, and that will clearly affect the price of bitcoin and altcoin, even though internet network warfare can be disrupted.

the real disruption might be that the transaction will be disrupted but there is a possibility that many people will save their money in digital form. but I'm not sure the effect will be very large. even the market so far has also only been moving slowly.

[bdivrik]

Cryptocurrency will be affected by the battle. People prefer heavy things at light costs at such times. Bitcoin is a very convenient value store. Even people who don't believe in Bitcoin can buy bitcoin for a while.

[zulfi125]

War is never favour for any country or cryptocurrency this was a panic reaction, and for a long time this is not favourable for cryptocurrency, and this was true that investors of different countries or middle east selling their stocks due to this panic situation but this was only short time sell not for a long time.

[Lagduf]

Cryptocurrency will be affected by the battle. People prefer heavy things at light costs at such times. Bitcoin is a very convenient value store. Even people who don't believe in Bitcoin can buy bitcoin for a while.

It's not so convenient to be a store value but remember if people can convert it anytime as they wanna do that. Bitcoin is also an online payment system that can be used to buy some stuff on the internet.
The gold is also being another option to store the value as the stocks of gold companies are always getting up when the conflict between US and Iran has already begun.
They are buying bitcoin because they are taking the prevention act to the battle between US and Iran. For Iranians and that will be a very good decision to save their life throughput their money to the commodities that can store their value and they can take it anytime.

[Meowth05]

As I saw last days bitcoin pumps after Iran declared the war against the United States, On my observation its because some people on the middle east sold they commodities, some stocks and bought cryptocurrency to keep carefully their assets. Do you think guys war was favor on the entire crypto investors? You can share your thought now.

Bitcoin do pumps a little and I think the reason is because of the tension between Iran and United States. Based on what I have read people think cryptocurrencies as safe haven, where they used it to store value. War do really have a good impact in cryptocurrencies I think but I do not want the value of cryptocurrencies to rise because of the war, I want to saw the market in bullish trend that not causes by any war.

[mobilestrike]

I am not against the topic OP, But not all signs also war can affect cryptocurrency. You have a point and its not possible to happen in the future and war is not a reason to pump the bitcoin. 

Logically, yes, war will not pump into the price of bitcoin, because not all countries are involved in war in this world, but if all countries engage in war, many people will store their assets in digital form, and that will clearly affect the price of bitcoin and altcoin, even though internet network warfare can be disrupted.

According to my views if the war will be in all around the world then people will worry about the internet connection so they will also worry in their investment in bitcoin. In the recent day the price of bitcoin pumped when Iran announced for a war and people are saying that it is because of that announcement. Maybe it will be because of something else but many people are saying that the war in United State will affect the stock market so they will withdraw from stock market and will invest in bitcoin. It is also one the point with which we can think that war will increase the investment in bitcoin.

[bering]

I don't know this is related or not but seems after Iran and US conflicts then asian stocks market down and bitcoin slightly pumped but bitcoin can be pumped without war so don't too expect this war will be realize because if this is happen then this will have bad effect for all of people in the world so although i was hoping bitcoin price can be high again but i wish it not because of war

[wildan88]

I don't know this is related or not but seems after Iran and US conflicts then asian stocks market down and bitcoin slightly pumped but bitcoin can be pumped without war so don't too expect this war will be realize because if this is happen then this will have bad effect for all of people in the world so although i was hoping bitcoin price can be high again but i wish it not because of war

if that happens, many countries that use the dollars will lose confidence in the dollars and allow the move to bitcoin. I am also worried and do not want this war to occur because the safety of the world is certainly more important than just the benefits that we can, but the impact is huge. I'm sure bitcoin will go up by itself without having to go to war.

[Genemind]

As for me, it didn't affect the market itself but it has a huge effect on users' way of thinking and decision making. They have seen crypto as their last resort if ever the war occurs. Every event in the world has an impact on crypto's price because everyone sees it as a remedy in a shaky economy. Most people seek assurance of a better future through it.

[FairUser]

I am not sure if the war helped the cryptocurrency market go up, but in the past week we have also seen the market grow about 15-20% when the United States and Iran got into a conflict and as soon as all problems were resolved, the market quickly fell. It is possible that the war affected a little bit of the market because the market was too small and little known so prices did not increase sharply like gold and oil.

[Aying]

It affect but not that much. as we see now that the war are being stop and america will not put an effort to revenge then the price of bitcoin is going back again to its past price hut not that totally dropping like river flows. at those moment we see that entire market or cryptocurrency affects? Nothing right? so only bitcoin can boast, if anything like that happens because bitcoin is famous, have a great price and will available everywhere.

[Fatunad]

As for me, it didn't affect the market itself but it has a huge effect on users' way of thinking and decision making. They have seen crypto as their last resort if ever the war occurs. Every event in the world has an impact on crypto's price because everyone sees it as a remedy in a shaky economy. Most people seek assurance of a better future through it.

That's right storing your money through btc or cryptocurrency is the safest way to hide your money in case of war. Look at how some of the iranians transfer their money through btc in order to successfuly put it on safety. Although there are negative feedbacks against cryptocurrency during war but wise people finds it the safest option to store your money.

[fullhdpixel]

I don't think so that war is favor for us who are crypto investors and I don't think it is good for the entire crypto community to have a war in order to increase the value of the cryptocurrency as well as all the coins including that has the biggest impact which is the bitcoin.
There are a lot of reason why the cryptocurrency suddenly pump up very high when the Iran and the United States of America declared a war from both parties, first of all bitcoin is back by united States dollars do probably it would be have a big impact to the cryptocurrency that has been a valued of a dollars.

I do not really think that bitcoins are been ever backed by the United States Dollar. There might be the most common trading pair of bitcoin with the U.S dollar but it might not really be backed with those. Bitcoins are a independent currency which runs on the blockchain network so we can call bitcoins being backed with the blockchain technology rather than the U.S dollar.

On the other hand, we can see there are a number of HODLERS/Investors from the United States who are holding bitcoins and the war like situation between the US and the Iran might derive the price for bitcoins on the peak as peoples residing in those specific countries might surely think to move onto bitcoins over the war ends.

[monineklutak]

Cryptocurrency will be affected by the battle. People prefer heavy things at light costs at such times. Bitcoin is a very convenient value store. Even people who don't believe in Bitcoin can buy bitcoin for a while.

a very good reason, saving money during the war is very good for buying assets, such as Bitcoin or gold, unfortunately there are still many people who do not know about crypto currencies so that marketcap has not grown

[Taskford]

As for me, it didn't affect the market itself but it has a huge effect on users' way of thinking and decision making. They have seen crypto as their last resort if ever the war occurs. Every event in the world has an impact on crypto's price because everyone sees it as a remedy in a shaky economy. Most people seek assurance of a better future through it.

That's right storing your money through btc or cryptocurrency is the safest way to hide your money in case of war. Look at how some of the iranians transfer their money through btc in order to successfuly put it on safety. Although there are negative feedbacks against cryptocurrency during war but wise people finds it the safest option to store your money.

We cannot please people to think negative and it's a part of the game but good thing some of them manage to transfer their funds on bitcoins since this is more convenient and portable for them once their are battles happen, we should remember that the economy of the certain country who go thru war will shrink and maybe it t will be good to have an option so that if their money will be devalued they don't have to worry about since their money is safe with bitcoins.

[pikkie]

Cryptocurrency will be affected by the battle. People prefer heavy things at light costs at such times. Bitcoin is a very convenient value store. Even people who don't believe in Bitcoin can buy bitcoin for a while.

a very good reason, saving money during the war is very good for buying assets, such as Bitcoin or gold, unfortunately there are still many people who do not know about crypto currencies so that marketcap has not grown

I think you are just trying to avoid the risks that might occur to you if you trade during the war it will provide a very high risk. maybe trading gold when war is more possible.