ukraine battlefield bear market

[aruldaroy]

As we know at the end of 2021 the price of bitcoin decreased due to entering a bear market because of the new year.
But now bitcoin continues to decline again due to Russia's war with Ukraine.
In your opinion, is this the reason the bitcoin price keeps dropping, sometimes it goes up and sometimes it goes down again.
Because there is a new issue that says that there is no war between Russia and Ukraine but the American mind.

[Poker Player]

As we know at the end of 2021 the price of bitcoin decreased due to entering a bear market because of the new year.

Nonsense.

But now bitcoin continues to decline again due to Russia's war with Ukraine.

I would almost say this is nonsense as well but I'll leave it at there is no proof of that alleged causal relationship.

In your opinion, is this the reason the bitcoin price keeps dropping, sometimes it goes up and sometimes it goes down again.

I would say that after last year's failed predictions, no one is quite clear why the price is behaving the way it is. The possible war may influence in the short term but we don't know if it is going to influence it up or down.

Because there is a new issue that says that there is no war between Russia and Ukraine but the American mind.

What? I don't understand you.

[pooya87]

Have you never looked at the charts before?

a bear market
bitcoin continues to decline
the bitcoin price keeps dropping

You either don't know the meaning of these words or you are confusing fluctuations with "keep dropping". Bitcoin would have been in a bear market and you could have called the price "keeps dropping" if it went to $40k then $30k then $20k then $10k. But when it dropped to $30k then came back up to $45k then $41k, this is not called a "bear market" or referred to as "keep dropping".

There was a drop and it ended more than 2 weeks ago and price is not recovering from that drop. The $4k drop after a $15k rise is not actually a drop, it is more like a correction before next rise.

[crwth]

I don’t think you could really classify that the Bitcoin’s price is related to the event of Ukraine and Russia. I like is there a major sell-off between the two countries? Is there even a way to verify that it came from there?

Anyway OP, do you have any research articles that have this kind of approach or subject?

[_act_]

As we know at the end of 2021 the price of bitcoin decreased due to entering a bear market because of the new year.
But now bitcoin continues to decline again due to Russia's war with Ukraine.
In your opinion, is this the reason the bitcoin price keeps dropping, sometimes it goes up and sometimes it goes down again.
Because there is a new issue that says that there is no war between Russia and Ukraine but the American mind.

Try and take a look a four year charts for Bitcoin price, from 2009 to 2012, from 2012 to 2016, from 2016 to 2020, from 2020 to recently. You will notice they have a similar pattern. There are times the market will be very bullish and there are times the market will be very bearish. What is happening now is not a surprise, people were expecting it. I have not seen any good reason how Bitcoin price this time is linked to what is going on in Russia and Ukraine.

Nonsense.

It is just a question, is this not harsh.

[stompix]

Every single time one of these scenarios comes up I have to go look at the price charts till I nearly get squint trying to see what others see as definitely having happened. That aside, why would people sell because of the new year and not because of Christmas?

But now bitcoin continues to decline again due to Russia's war with Ukraine.

I would almost say this is nonsense as well but I'll leave it at there is no proof of that alleged causal relationship.

Because we don't have a war yet, what is happening now could be only speculation, we have recovered quite fast after the last drop so small swings back and forth should be respected. But in the event war does start I'm pretty sure at the first bomb we will see one huge red dildo on the market, even if it will recover later it's going to be there, and everything is going to be affected by it from stocks to oil albeit obviously in different directions.

[bounceback]

As we know at the end of 2021 the price of bitcoin decreased due to entering a bear market because of the new year.
But now bitcoin continues to decline again due to Russia's war with Ukraine.
In your opinion, is this the reason the bitcoin price keeps dropping, sometimes it goes up and sometimes it goes down again.
Because there is a new issue that says that there is no war between Russia and Ukraine but the American mind.

The ups and downs of the Bitcoin price are basically only influenced by the balance of supply and demand and this of course has become a law of the market, so until now I personally did not think that a conflict in a country would have an impact on the price of bitcoin because bitcoin is not the mainstream currency used in every country but bitcoin is only as an alternative currency so it has nothing to do with the ongoing conflict between Russia and Ukraine.

[hugeblack]

The signs of war began about a month ago with the military mobilization, and therefore we cannot link these events together, as price stability (or continuous decline) began since the month of 11.

In general, we did not notice a realistic connection between Bitcoin and political events until when the Covid-19 pandemic was declared.
Other than that, we did not witness any realistic correlation that affected the price directly and led to changes by more than 25%.

[Jating]

As we know at the end of 2021 the price of bitcoin decreased due to entering a bear market because of the new year.
But now bitcoin continues to decline again due to Russia's war with Ukraine.
In your opinion, is this the reason the bitcoin price keeps dropping, sometimes it goes up and sometimes it goes down again.
Because there is a new issue that says that there is no war between Russia and Ukraine but the American mind.

It could be one reason of the decline, not just in crypto but even stocks are also plummeting because of this news.

However, it seems that we are in a good support position at $40k, there's no more decline as the market really covered it despite this negative news. Hopefully though, the war could be averted and this two countries with the help of NATO can just sit down and talk out their differences.

[dimonstration]

I don’t think you could really classify that the Bitcoin’s price is related to the event of Ukraine and Russia. I like is there a major sell-off between the two countries? Is there even a way to verify that it came from there?

Anyway OP, do you have any research articles that have this kind of approach or subject?

There's no to directly prove this since its a 2 different matter but many analyst as well as speculators usually use this as a reason to sell there asset due to the economy implication if the war ignites. The war is really not related to Bitcoin price but the speculation of traders is the main reason why the price of Bitcoin and Global stock market is decreasing. This a ripple effect that is inevitable especially when there's a fear in the market. Traders is using bad news to create FUD and that is the reality.

Some recent news on Stock Market and Bitcoin Related to Russia-Ukraine Tension:

Dow Falls 600 Points As Russia-Ukraine Tensions Reach A ‘Crucial Moment’ - https://www.forbes.com/sites/sergeiklebnikov/2022/02/17/stock-market-losses-grow-as-russia-ukraine-tensions-reach-a-crucial-moment/?sh=f431c2c4c9bc
US stocks point lower as Russia-Ukraine uncertainties persist - https://edition.cnn.com/2022/02/17/investing/dow-stock-market-today-russia-ukraine/index.html
US stocks point lower as Russia-Ukraine uncertainties persist - https://www.washingtonpost.com/business/2022/02/17/markets-stocks-russia-ukraine/
Bitcoin Wilts as Russia-Ukraine Tensions  - https://www.coindesk.com/markets/2022/02/18/bitcoin-wilts-as-russia-ukraine-tensions-push-gold-to-8-month-high/

[_act_]

In general, we did not notice a realistic connection between Bitcoin and political events until when the Covid-19 pandemic was declared.
Other than that, we did not witness any realistic correlation that affected the price directly and led to changes by more than 25%.

Bitcoin was not existing during world war 1 and 2, we do not know what can happen this time, but you are not wrong with what you have said, Bitcoin price is not linked to any conflict going on right now, it is just the way Bitcoin has even been in past.

For me, all I know that happened about Covid and Bitcoin price was that people googled more about Bitcoin, gambling, cryptocurrencies and other digital means of earning money, the price of Bitcoin because of this later increased. When Bitcoin falled to $3900 in 2020, some people said it is Covid 19, I don't believe because this also happened in 2019 when Bitcoin falled below $3900.

[Chato1977]

As we know at the end of 2021 the price of bitcoin decreased due to entering a bear market because of the new year.

Wait what? the price decreased because of Bear market? redundant term? of course price will decrease because Bear is coming lol.

But now bitcoin continues to decline again due to Russia's war with Ukraine.

actually price already grow after that news, look from 30k now stands 40k?

In your opinion, is this the reason the bitcoin price keeps dropping, sometimes it goes up and sometimes it goes down again.
Because there is a new issue that says that there is no war between Russia and Ukraine but the American mind.

Lol market is reacting to how the demand and supply moves, and this war? is like what other FUD brings in the past.

[davis196]

As we know at the end of 2021 the price of bitcoin decreased due to entering a bear market because of the new year.
But now bitcoin continues to decline again due to Russia's war with Ukraine.
In your opinion, is this the reason the bitcoin price keeps dropping, sometimes it goes up and sometimes it goes down again.
Because there is a new issue that says that there is no war between Russia and Ukraine but the American mind.

OP,are you using Google Translate or something?
It seems to me that some AI robot had written your forum post.
The conflict between Russia and Ukraine/NATO/USA has an impact over the global financial markets,not just the cryptocurrency markets.There's no proof of a direct correlation between this conflict and what's happening with the Bitcoin price.However,nobody could deny that there's an influence over the BTC price,stocks prices,indexes,commodity prices,etc.
I'm sure that Putin won't invade Ukraine,but for some reason,he wants to keep the tension on the Russo-Ukrainian borders.He has some hidden agenda.

[ultrloa]

As we know at the end of 2021 the price of bitcoin decreased due to entering a bear market because of the new year.
But now bitcoin continues to decline again due to Russia's war with Ukraine.
In your opinion, is this the reason the bitcoin price keeps dropping, sometimes it goes up and sometimes it goes down again.
Because there is a new issue that says that there is no war between Russia and Ukraine but the American mind.

Not totally maybe those things happen because many people expect to much that the market will go more higher, that's why many got dismay when market begin crashing and that when the fuds start. And also this incident in Ukraine add the fud but manipulators cannot use this incident for long time so prepare to buy some if you want to earn on this current manipulation event happen these days.

[dbc23]

As we know at the end of 2021 the price of bitcoin decreased due to entering a bear market because of the new year.

This wasn't the reason for Bitcoin dip in 2021. Different factors contributed to it which includes fundamental and technical analysis. For the fundamental we had issues of china banning crypto and also mining for technical analysis we had issues of supply and demand both contributed immensely to the price fluctuation.

But now bitcoin continues to decline again due to Russia's war with Ukraine.
In your opinion, is this the reason the bitcoin price keeps dropping, sometimes it goes up and sometimes it goes down again.
Because there is a new issue that says that there is no war between Russia and Ukraine but the American mind.

Russian war isn't enough reason for Bitcoin drop Bitcoin isn't a centralized asset. China was able to have little influence back then because china had the largest crypto market but currently the circulation is no longer limited it's strictly demand and supply that moves the market now

[jostorres]

Market prices weren't really good since the start of the year and news may trigger it to still keep dropping despite the correction we already experience. Since, News can affect the decision making of the investors as well if many users wherein in the area that may affect their living and needs to outsource their investment to secure their needs. It may not affect the market for too long like how many investors react when pandemic starts.

Pandemic is worldwide but this war is only specific to two countries and a few people can react. The war can bring positive effects in the price because people can pull out their money in traditional investments and put it in cryptos because they think its safer or it can also bring a negative effect because people might worry and sell early because they think they cannot sell anymore later on.

While some people will not buy quickly but they will wait for a further drop because they believe that negative news do always have a negative impact to the price of cryptos. Wars have an ending and soon this ends, the mindset of the people will also return in normal and so as the market.

[STT]

The war wont cause a wider bear market.   We just had a short war between Armenian and Azerbaijan forces but it caused no wider alarm beyond that area and no notice from the western markets.   Ukraine is being highlighted politically because of Russia's ambitions to reestablish the territory of soviet times.   It keys into wider wars echoing back to the Russian Afghan invasion of the 80's and earlier, the whole cold war escalation is in contention.
   Recently we spiked in Dollar Index value, add in markets retracting from peak loose monetary policy and the war is multiplied in its fears.   The main direct economic effect would be the cost of Gas to the EU block, this also increases costs and reduces free cash flow in those economies which is a secondary cause of harder money less speculative activity.

[crzy]

World issues affects the price of Bitcoin, it creates another panic in the market and I think this war issues will continue to affect Bitcoin especially if War really begins since this is not just Ukraine vs Russia, many countries are getting involve here and they are trying to issue warning against Russia but not one is backing out, we should be ready for every possibilities.

[adaseb]

Yes this is one of the reasons but Not only reason why Bitcoin is down. You need to understand most global markets are connected in one way or another.

Generally when stock market goes up, usually cryptos follow and same is true for vice versa. Lately there has been lots of bad news such as Omnicron variant, fed easing tapering, fed raising rates, bad earnings and latest is the Russian conflict.

So this is why it’s correlated to the stock market and how the stock market affects negatively due to WW3 rumors.

[GeorgeJohn]

I saw the reactions of other community users via op points line's, i hope we all aware that what really destabillzed and downgrade the values of commodities and also give recommendations of good reputation or bad reputation is information either positive information or negative information, so op might be correct from his own aspect of understanding cryptocurrency.

Because in actual sense bitcoin downfall or decrement in value start's with the information, because propaganda in cryptocurrency also devalues crypto market structural system, so concerning or the aspect of price going down, actually the price of bitcoin started shaking from last year to the extent predictors have to suggest that Bitcoin will not get hit of hundred thousand (100k) in 2022.

Even to the extent some portray that bitcoin will not experience fifty thousand (50k) this year and it will fall to  twenty thousand (20) to nineteen thousand (19), but we experienced a slight move of bitcoin which it approaches to forty five thousand (45) and now is at point of thirty nine thousand (39), which i think it will go downgrade below the present stage.