War affects the Entire Cryptocurrency?

[Coltpython]

It appears so as several cryptocurrency assets started spiking after Iran declared war on the USA. Investors decided to act on impulse by moving their stock to cryptocurrency and even gold itself. That means crypto has a future in the long run

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[Lizzylove1]

One thing you must first understand is that war don't favor humans, it destroys them and the existing legacy. Well the rise to market capitalization can be judged to be partly because of the war threat, this tension has now die down but the market is still bullish.

[HerbertMarcel]

The Bitcoin business involves a large part of Iranians in the world market. Many of them have withdrawn themselves from the currency side, fearing that there will be major changes in market management. So that is an concern at all coiner.

[CrownMade423]

I personally don't think we have an argument for that. We have not noticed so much tension between Iran and the US so far. Maybe because of some booming news a group uses this news for their benefit . A crisis like this can always either take someone's everything away or make someone's so rich.

[Mpamaegbu]

Well to some extent it does as it was clearly seen that the entire crypto market was in an upward swing when the rumours of war between Iran and US was intense. You can see clearly that once the tempers cooled down the crypto market is reclining back to its previous level.

It did go up then as it were because the US was involved in a war with (not just Iran) but any other country would also have made the price go up. Really, it wasn't Bitcoin price alone that went up. Gold also spiraled up the same time. This happens all the time whenever America has any issue with other countries.  People, in their fright, tend to look for a safe haven at a time like that and Bitcoin/Gold/Chef becomes easy pick. However, it doesn't mean that Bitcoin price will go up or down if other countries (that isn't the US) go to war.

[jaywizzy]

Not really, the major cause that affect cryptocurrency is what all the whole world is currently facing which is covid 19.

[royalfestus]

Well to some extent it does as it was clearly seen that the entire crypto market was in an upward swing when the rumours of war between Iran and US was intense. You can see clearly that once the tempers cooled down the crypto market is reclining back to its previous level.

It did go up then as it were because the US was involved in a war with (not just Iran) but any other country would also have made the price go up. Really, it wasn't Bitcoin price alone that went up. Gold also spiraled up the same time. This happens all the time whenever America has any issue with other countries.  People, in their fright, tend to look for a safe haven at a time like that and Bitcoin/Gold/Chef becomes easy pick. However, it doesn't mean that Bitcoin price will go up or down if other countries (that isn't the US) go to war.

There is no war particular among nations in the world at the moment, Especially with America and Iran. I think china might be the next world enemy if all the conspiracy theories are not properly managed. With the crude oil price dump there might be a different approach to hasten the revamp of the world economy, after few weeks that the lockdown is relax in the developed countries we will see wind of change. Gold does not enjoy the volatility of bitcoin and does not go through halving,so it wont enjoy the hype with the cycle.

[forexandcryptoauditor]

When Bitcoin was at its peak, Iranian investors were so much agressive that time that they bought btc with price more 10-20 % than other markets. Commodities like oil will have worst impact of war. For shor duration in war, Bitcoin can help as alternative investment but if war happens for long-term, no investments will be safe.

[Twinkledoe]

Not really, the major cause that affect cryptocurrency is what all the whole world is currently facing which is covid 19.

I think right now, this covid situation has more impact in crypto market than the war. But bitcoin is trying to go up despite this situation. And with crypto, a lot of factors are contributing to its price movement, though we can pinpoint some major influencers like the covid but we should not rely entirely on this situation to make our next move when it comes to crypto investments.

[ilhamsugihamin]

I don't think war will benefit because only the global elite will benefit from the war. I think crypto is also part of the global elite, maybe this is just my personal opinion.

[Youghoor]

Global war affects everything you know. Once there is war, economic activities are not as fluent as they should be and everyone is scared for his/her life hence nobody goes out to work. This makes the productivity of every country goes very low and this affects all markets and not just the cryptocurrency market. I was glad when this seemingly Iran-US war did not happen. Who knows the devastating damages that would have occured.

[Valzador]

I don't think war will benefit because only the global elite will benefit from the war. I think crypto is also part of the global elite, maybe this is just my personal opinion.

That indicates your thinking is very narrow,try reading a book so you have extensive knowledge.
War can cause profits and losses for cryptocurrency, if the war is large-scale then it is certain that the world's infrastructure will be destroyed including the internet, bitcoin or cryptocurrency has no value at the time after the full-scale war, but if what happens is a war on a small scale then the price of cryptocurrencies has the potential to rise because of the tension of the war will cause FOMO, investors will secure their money in cryptocurrencies because a small scale war will not threaten the existence of cryptocurrency infrastructure, it will only cause FOMO.

[Shallow]

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.

Anything that affects humanity will certainly affect the crypto space be it in a negative way or in a positive way. Now, war affected the crypto space in a positive way because people understood that to save their funds it's better to be in crypto. It takes money to fight or win a war and the money will come from that country's economy thus will have its impact on their currency (depending on the country) which is why they saw crypto as a way out therefore should their currency drops in value they won't be seriously affected.
Answering the question, Yes, I think war can favour the crypto investors.

[Mealea]

I disagree with that. War in a long run will definitely have negative effect on the price of coin. As a matter of fact, war will affect the economy of a nation and when that happens, it will result in fall of prices of things in general.

[Google+]

I disagree with that. War in a long run will definitely have negative effect on the price of coin. As a matter of fact, war will affect the economy of a nation and when that happens, it will result in fall of prices of things in general.

but some time ago I had seen a case of a trade war that could have a good impact on the price movements of bitcoin and other cryptocurrency because they were trading warriors going to make transactions using cryptocurrency money thereby triggering the rise in coin prices at the exchange.

[Psynthax]

I disagree with that. War in a long run will definitely have negative effect on the price of coin. As a matter of fact, war will affect the economy of a nation and when that happens, it will result in fall of prices of things in general.

but some time ago I had seen a case of a trade war that could have a good impact on the price movements of bitcoin and other cryptocurrency because they were trading warriors going to make transactions using cryptocurrency money thereby triggering the rise in coin prices at the exchange.

That's just some minor thing, trade war in general will make chaos out of countries economy and it's not good for our crypto market or things in general as he said. Even if price pumping happened to crypto it's just temporary and will soon be replaced with bearish market.

[Firefoxx]

I think crypto is the only saving place for people to store their assets for safety so when war or problem comes they tend to save thier funds there and how good it is the more the buy the more it grows do partly ear do favour cryto more and makes it gain more recognition.

[Script3d]

I think crypto is the only saving place for people to store their assets for safety so when war or problem comes they tend to save thier funds there and how good it is the more the buy the more it grows do partly ear do favour cryto more and makes it gain more recognition.

I disagree with this, using cryptocurrency to store assets is not a good idea because crypto is volatile, how are you gonna be able to use the crypto when most people don't even know what cryptocurrency or bitcoin is, i believe fiat is better in this situation.

[BlackboardTrade524]

War affects the world , so did global currency too ,talking about Cryptocurrency well its also the part of War fact directly / indirectly .When the rumours of war between Iran and US was intense position then we saw clearly that tempers hit down the crypto market .