Bitcoin Weakens at US$ 42,145.35 The Impact of Russia's Conflict with Ukraine

[coolcoinz]

Why is it that anytime there is the slightest decrease in price that people would always try to look for something that they believe would have led to that decrease?

Because we need to understand things. This is in our nature. That's why people try to comfort each other with religious beliefs. They don't want their loved ones to go into nothing and disappear after death. They prefer to believe they are somewhere out there waiting to meet each other again.

When the price falls most of us want to know if there's a fundamental flaw or if maybe bitcoin was banned somewhere. If not then we can safely move on because traders selling in panic for no reason is just another day for bitcoin.

So, now that it has just dropped slightly, what is making people look for explanations about it and stressing themselves unnecessarily? It just doesn’t make any sense at all. Some people are just fond of this, whenever there is a dip in the price of Bitcoin, they would just be looking for explanations that doesn’t really worth it at all.

It's a matter of putting your mind at ease. I'm very confident in Bitcoin but when I see a 10% dip I often google news sites to see what's up. It makes me feel better.

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[Silberman]

Basically every day there is some news report out, about the two controls and starts a massive sell off in the stock market and then into the crypto market.

Seems that news agencies are getting paid to publish certain news and it ends up causing lots of panic for perhaps nothing. Today they said that Russia would attack on Wednesday however why would they give an exact date, doesn’t make much sense for me. Either way for short term trading it’s important because it can mess up your trades if you are in the wrong direction.

The issue of conflict that continues to be blown by the media media makes the situation even more heated today, I'm a little surprised why the media seems to be exaggerating the existing conflicts as if a war is about to happen, as you said if even the media knew the exact date the war would start soon and wouldn't does it actually cause tremendous panic for the world community, especially Ukraine and Russia?
I think that right now the media has become a provocateur by continuing to spread news that does not have an accurate source of truth and actually exacerbates the existing situation.

While the media can be blamed for a lot of things I do not think we can blame them exclusively for this, according to what I read the rumor that the invasion of Ukraine was going to begin on Wednesday came from the US government, obviously the media ran with the news and spread FUD like no tomorrow but what else could they do? After all the government was the one spreading this information so it is obvious they took advantage of it, and this had a negative impact on the population and the markets as well.

[Lucius]

Yeah, all the troops are retreating, but they are doing it west of Moscow.
But we can blame it on those GLONASS satellites, they always have a habit of sending Russian troops to the wrong places, one could think that after they launch they could stop mistaking Budapest or Prague for Tomsk and Volvogrand but seems like this is not the case.

An interesting analysis, a bit tragicomic in this whole situation where the main role is not actually played by Russia and Ukraine, but by the same ones who have been starting every serious war since the end of World War II. All this reminds me a little of the situation on the Saudi Arabian/Iraqi border, when the US claimed that there were hundreds of thousands of Iraqi soldiers ready to attack the SA, which they used, among other lies, for a military invasion.

It is amazing how so-called diplomacy is actually adding fuel to the fire instead of trying to put it out. We need peace and stabilization after 2 years of these insane measures that now result in inflation that will hit us hard in the coming months.

[STT]

The biggest reason for retraction in the price can be seen on the chart.   The highest prices recently have been meeting the lows for daily prices in December.   This matters as it relates to volume of trades with each trade a potential seller of BTC held with a bearish sentiment or requirement to repay leverage bills, etc.    This normal speculative flow in price action as prior volume is often a marker to boundaries in various trend, old volume now represents greater supply to the bids in the market.
  We can label this as the war or the FED but also its natural for the market to soak up and slow down during the time it encounters old trades.     The lows now are where we best judge how strong price action is, I think 39.5k was where I observed a good support to hold now.

[GeorgeJohn]

there are no bored news hunters looking for loopholes to lower the price of bitcoin, sometimes I get confused what is the purpose behind all this, is there a role for the pope in this because he wants to buy more BTC and other coins

Is obvious that from the beginning Bitcoin price always fluctuates, so those news can only make Bitcoin to retrace just with some intervals, saying why they introduce false news is because they want to purchase Bitcoin at lower rate, it might be positive from your observations, but i don't the fluctuations of bitcoin price duly reply on someone or set of py interest of purchasing Bitcoin at down price

[cryptomaniac_xxx]

And the retracement continues, as I have said, the $40k levels might not hold and this is what we are witnessing this weekend. Although is it supposedly a slow trade, nevertheless with the looming war and other negative news, the price is now at $38k and I'm not surprised that we might see it going down when the market is full blown on Monday. So if you don't like what you are seeing, better get out, and for those who want to take advantage, buy bitcoin at a discount.

[RealMalatesta]

And the retracement continues, as I have said, the $40k levels might not hold and this is what we are witnessing this weekend. Although is it supposedly a slow trade, nevertheless with the looming war and other negative news, the price is now at $38k and I'm not surprised that we might see it going down when the market is full blown on Monday. So if you don't like what you are seeing, better get out, and for those who want to take advantage, buy bitcoin at a discount.

It is fine that it didn't held too strongly so that we could spend that money to start going back up when the time comes instead of spending that money to keep it above 40k and fail anyway. This way there are still a ton of USDT and other stablecoins all ready to buy in as soon as it stops going down.

I do not know when it will stop but we are doing fine, I mean bitcoin basically showed the world that it could be 45k+ in a week if it wants to and that means that we are going to end up being better. I believe that buying from these prices means that there is a 90%+ chance that you could make a profit before March ends and I am quite happy about the potential of it.

[Silberman]

And the retracement continues, as I have said, the $40k levels might not hold and this is what we are witnessing this weekend. Although is it supposedly a slow trade, nevertheless with the looming war and other negative news, the price is now at $38k and I'm not surprised that we might see it going down when the market is full blown on Monday. So if you don't like what you are seeing, better get out, and for those who want to take advantage, buy bitcoin at a discount.

At this point it seems that things are not going to improve anytime soon, Russia has recognized two separatist regions in Ukraine, so without a doubt this is going to play against any possibility of a peaceful resolution to this conflict, bringing even more instability and volatility to all the markets around the world, affecting bitcoin in the process as well, personally I would like for a peaceful resolution of this conflict but with each passing day that possibility seems more and more remote.

[Oilacris]

We do even have able to dip down on $38k once again.Possible reason? Nothing.
https://cointelegraph.com/news/bitcoin-price-dips-below-38k-as-crypto-sentiment-nears-extreme-fear
A very common or ordinary day that we do have in this market thats why we should be smart on when to get in.

[mich]

It’s difficult to say exactly what’s causing the price drop but it absolutely has to do with the state of the global economy. The spending by governments to keep their economies going has been astronomical and not sustainable.
The US for example is breaking records with their spending. Just be confident in a correction with BTC soon especially when others are looking for safer options for their reserves with the coming inflation.

[Natalim]

We do even have able to dip down on $38k once again.Possible reason? Nothing.
https://cointelegraph.com/news/bitcoin-price-dips-below-38k-as-crypto-sentiment-nears-extreme-fear
A very common or ordinary day that we do have in this market thats why we should be smart on when to get in.

It is likely the result of war, the price now is already $35k and I think this will continue to drop, however, I believe that all these are just temporary as crypto is not fully correlated to what is happening in a certain country. I can only see this as a panic reaction, but people will realize and they'll eventually reinvest.

[arwin100]

We do even have able to dip down on $38k once again.Possible reason? Nothing.
https://cointelegraph.com/news/bitcoin-price-dips-below-38k-as-crypto-sentiment-nears-extreme-fear
A very common or ordinary day that we do have in this market thats why we should be smart on when to get in.

It is likely the result of war, the price now is already $35k and I think this will continue to drop, however, I believe that all these are just temporary as crypto is not fully correlated to what is happening in a certain country. I can only see this as a panic reaction, but people will realize and they'll eventually reinvest.

Every scenario on crypto will always be temporary and peoples reaction towards this incident is just excessive since they always relate all things in crypto on what will happen in certain parts of the world and for sure once majority of investors which is not affected on the crisis happening in Ukraine and Russia will go back to buy bitcoins again for their personal good and its good to take position after the news subside since for sure this will be the accumulation time of the whales.

[Silberman]

It’s difficult to say exactly what’s causing the price drop but it absolutely has to do with the state of the global economy. The spending by governments to keep their economies going has been astronomical and not sustainable.
The US for example is breaking records with their spending. Just be confident in a correction with BTC soon especially when others are looking for safer options for their reserves with the coming inflation.

While it is true that sometimes it is really difficult to know why the market is doing what it is doing, at the same time I think this is not the case here, the market is going down because of the war we are seeing at Ukraine and this means that as long as the war lasts then the market is not going to be able to grow much, and even if the war ends there are going to be  economic repercussions that are going to be with us for a signification amount of time and that will hinder that growth.

[mirakal]

Bitcoin seems to be recovering already, it will soon hit $40k and we can conclude that the war between Russia and Ukraine does not have a serious effect on the crypto market. Based on what I observed in the past when there are global crisis, crypto is always the alternative for investors, so I think if this war gets worst, people would just decide to put their money into crypto for security as it's more stable than a struggling economy of a specific country.

[Baofeng]

Bitcoin seems to be recovering already, it will soon hit $40k and we can conclude that the war between Russia and Ukraine does not have a serious effect on the crypto market. Based on what I observed in the past when there are global crisis, crypto is always the alternative for investors, so I think if this war gets worst, people would just decide to put their money into crypto for security as it's more stable than a struggling economy of a specific country.

I thought that we are going to break $40k, because the price goes as high as $39,8xx. But it now over just along the line of $38k again. Nevertheless there is no negative impact on us, on the contrary we have green candles and hopefully it will continue up to the end of the year. Yes, it could be smart people have decided to put their money into crypto right now just to be on the safe side because of this conflict.

[STT]

BTC is relatively stable right now just going sideways.  The only pressure evident towards negative action would be the 2 day average which is just underlying prices now, if we continue without gains then we lose that measure.   I think next week is more of a determiner then right now but eventually price action needs to see a gain to maintain momentum otherwise speculators sell expecting lower prices.
  The peak price today was just touching the 50 day average overhead, so its a bit of a fight here.   Breaking above this level we've kept for last few days is quite possible and should then show more obvious gains and positive action.

[Mahanton]

Bitcoin seems to be recovering already, it will soon hit $40k and we can conclude that the war between Russia and Ukraine does not have a serious effect on the crypto market. Based on what I observed in the past when there are global crisis, crypto is always the alternative for investors, so I think if this war gets worst, people would just decide to put their money into crypto for security as it's more stable than a struggling economy of a specific country.

I thought that we are going to break $40k, because the price goes as high as $39,8xx. But it now over just along the line of $38k again. Nevertheless there is no negative impact on us, on the contrary we have green candles and hopefully it will continue up to the end of the year. Yes, it could be smart people have decided to put their money into crypto right now just to be on the safe side because of this conflict.

I dont see any worldwide conflicts and political problems etc. could always give out some impact most of the time on Bitcoin. Dropping 5-15% in price is just a typical or normal days we do have on this market
which we shouldnt really boggle up our minds when it comes to possible sentiments or fundamentals around but its not bad on having that consideration on making out some analysis out of those things.
For now we could just speculate but we couldnt make out some speculations about this one and lets hope that we would able to break 40k resistance soon.

[darewaller]

I dont see any worldwide conflicts and political problems etc. could always give out some impact most of the time on Bitcoin. Dropping 5-15% in price is just a typical or normal days we do have on this market
which we shouldnt really boggle up our minds when it comes to possible sentiments or fundamentals around but its not bad on having that consideration on making out some analysis out of those things.
For now we could just speculate but we couldnt make out some speculations about this one and lets hope that we would able to break 40k resistance soon.

Dropping 5% or less is definitely a regular day in crypto and not a news worthy thing. Dropping somewhere between 5% to 10% is not big deal but you could make a news about that for sure, and dropping anything above 10% is certainly a big news that you should share if you are a journalist or a newspaper. At the end of the day crypto is volatile but not that much, even though we have plenty of days with 10%+ drops in a single day, it is still max of 10-20 days in a whole year, which means that it is unique enough to turn into a news.

5% drop is like 100+ days, so it is like 1 in every 3 days, on average, and that is not news worthy but 1 in every 10+ even 20 days is a news worthy thing for sure.

[ivankoh]

I suppose that war is only a small part of the scope variation that has the property value of the current state field.  Although for the most part, the effects are different, it seems that market pressure is moving to prove this.  It is implementing a feature center to monitor and determine the future market situation.  The current bitcoin price is representative of a period of temporary consolidation and maintenance.  I also doubt that the war will come to a good negotiating table this Monday but despite the opposite outcome, bitcoin is well-positioned by the remaining repair of the war and the impact it will have.

[btc_angela]

Bitcoin seems to be recovering already, it will soon hit $40k and we can conclude that the war between Russia and Ukraine does not have a serious effect on the crypto market. Based on what I observed in the past when there are global crisis, crypto is always the alternative for investors, so I think if this war gets worst, people would just decide to put their money into crypto for security as it's more stable than a struggling economy of a specific country.

I thought that we are going to break $40k, because the price goes as high as $39,8xx. But it now over just along the line of $38k again. Nevertheless there is no negative impact on us, on the contrary we have green candles and hopefully it will continue up to the end of the year. Yes, it could be smart people have decided to put their money into crypto right now just to be on the safe side because of this conflict.

I dont see any worldwide conflicts and political problems etc. could always give out some impact most of the time on Bitcoin. Dropping 5-15% in price is just a typical or normal days we do have on this market
which we shouldnt really boggle up our minds when it comes to possible sentiments or fundamentals around but its not bad on having that consideration on making out some analysis out of those things.
For now we could just speculate but we couldnt make out some speculations about this one and lets hope that we would able to break 40k resistance soon.

We just really don't know yet, we still have the problems with the Covid and I would say that it has mad effect on the world for the last two years.

And then we have the silent war between US and China, sanctions and embargo. So there are a lot of conflicts around the world, that really affect the economics and politics. Even the turmoil in Kazakhs has a drastic impact on us because majority of the miners are in that country.

And it just shows that we are really connected, whether we like it or not.