Crypto prices crash as threat of war looms

[poldanmig]

I think the current decline in the price of bitcoin and the crypto market as a whole is due in part to the spontaneous reaction to rising tensions between Ukraine and Russia. Due to the current war situation, some investors are afraid and choose to move their assets to other assets. Therefore, I think the current war situation will continue to affect the crypto market sentiment and bitcoin is still experiencing a decline in price.

Of course many people will be afraid of war, war is bad. They will instinctively save their assets first, such as crypto. Many people don't want to take risks at times like this, this definitely makes them want to play it safe

War conditions like what happened in ukraine, forcing people to secure their money in a safer form today, I think bitcoin might be a safe and easy alternative for us to take when the war gets worse, whereas if you keep or carry fiat money Of course, it will make us a bit of a hassle in managing it, so when we have to evacuate to another country, of course it will hinder us.

[teosanru]

Mumbai: Cryptocurrencies crashed as the threat of Russia invading Ukraine escalated amid border skirmishes, resulting in the crypto investor community offloading their risky digital assets to protect portfolios against further price drops.

On Friday, US President Joe Biden said that Russian President Vladimir Putin had decided to invade Ukraine, and that a military strike could happen in days. And yesterday Putin signed a document accepting Lugansk and Donetsk as a separate independent cities. It affected the rate of Russian rouble a lot.

So, it means that Bitcoin will continue falling or there are chances for its soon improvement?

I think war is really a pro bitcoin thing, especially when the invading country is a bitcoin friendly country. Wars have a bad effect on country's economic health, especially the fiscal deficit rises and therefore makes it imperative that in future years money printing will be used for war financing which will lead to huge inflation. This means the currency itself becomes at high risk and when fiat becomes riskier it's crypto party time, so if war escalate bitcoin will definitely move north.

[TheGreatPython]

War conditions like what happened in ukraine, forcing people to secure their money in a safer form today, I think bitcoin might be a safe and easy alternative for us to take when the war gets worse, whereas if you keep or carry fiat money Of course, it will make us a bit of a hassle in managing it, so when we have to evacuate to another country, of course it will hinder us.

Physical form of money is not safe during the wars because you can lost it when your panicking and it can be damaged. If you store it in banks you will also have a problem because banks have been shut down on those country and withdrawals are not allowed.

Cryptocurrency is currently the best medium right now for both countries were wars are happening but I wonder why cryptos are still declining? Did my expectation in fiats didn't happen? Maybe it didn't really happen because they are prioritizing their life first and they can not think properly to do those things. If we are on their situation we will also panic and do the same , no time for financial matter's for a while.

[Quidat]

War conditions like what happened in ukraine, forcing people to secure their money in a safer form today, I think bitcoin might be a safe and easy alternative for us to take when the war gets worse, whereas if you keep or carry fiat money Of course, it will make us a bit of a hassle in managing it, so when we have to evacuate to another country, of course it will hinder us.

Physical form of money is not safe during the wars because you can lost it when your panicking and it can be damaged. If you store it in banks you will also have a problem because banks have been shut down on those country and withdrawals are not allowed.

Cryptocurrency is currently the best medium right now for both countries were wars are happening but I wonder why cryptos are still declining? Did my expectation in fiats didn't happen? Maybe it didn't really happen because they are prioritizing their life first and they can not think properly to do those things. If we are on their situation we will also panic and do the same , no time for financial matter's for a while.

Not all is really aware of bitcoin or crypto existence on which they would really be panicking on where they would be putting up their assets or fiat which might be converted into something because
war could really affect almost anything from physical etc. .. In talks about price crash or decline then we are actually seeing not really that relevant effect in the market.
Price had somewhat that stable at the moment but we couldnt really make still assurance that it would be really staying up this way for too long.

[STT]

Always link into further sources if at all possible, everything should be verified especially in a war with two sides trying to propagate information from their point of view.

Physical form of money is not safe during the wars

Previously physical money was related to a metal value somewhere, even basic copper was in the makeup of a coin but now this is hardly ever true.  Now if you hold currency you cannot be sure if a billion or a trillion more will be issued overnight digitally, relative to BTC where that will not happen we should see that at least some crypto held by everyone in the population is reasonable.   
   How many people hold BTC in the overall population, its still a small percentage but rising.  For this reason long term the outlook remains reasonable to hold some but not all money in BTC.

[Johnyz]

Always link into further sources if at all possible, everything should be verified especially in a war with two sides trying to propagate information from their point of view.

Physical form of money is not safe during the wars

Previously physical money was related to a metal value somewhere, even basic copper was in the makeup of a coin but now this is hardly ever true.  Now if you hold currency you cannot be sure if a billion or a trillion more will be issued overnight digitally, relative to BTC where that will not happen we should see that at least some crypto held by everyone in the population is reasonable.   
   How many people hold BTC in the overall population, its still a small percentage but rising.  For this reason long term the outlook remains reasonable to hold some but not all money in BTC.

Physical money looks the best option for a war, look at the situation in Ukraine, many are cashing out their money and some people are not able to access their money online which makes them penniless so again having fiat money on your hands is the best option for now. Crypto is good for your investments and I agree that you should not go all in because it is too risky. The market right now is on a good price recovery, hoping not to see any big drops again.

[magneto]

If anything, I think that prices should be propped up by this news.

Bitcoin should mimic the direction of gold prices when it comes to wartime. People are going to be looking for stable asset classes that do not have ties to either country in these times, as they do not want their wealth being tied up in stocks or fiat currencies.

The initial selloff, in my opinion, was completely unjustified. The market is now responding rationally to the news.

[Falconer]

If anything, I think that prices should be propped up by this news.

Bitcoin should mimic the direction of gold prices when it comes to wartime. People are going to be looking for stable asset classes that do not have ties to either country in these times, as they do not want their wealth being tied up in stocks or fiat currencies.

The initial selloff, in my opinion, was completely unjustified. The market is now responding rationally to the news.

Anyway I think it makes no sense because bitcoin is completely different from gold. Bitcoin is a decentralized asset and I think you already know exactly how it works. Trades cannot be control as supply and demand continues to influence price. This is why bitcoin is a highly volatile and risky asset for the inexperienced.

Have you ever thought that price correction is always related to market manipulation by some people? So far I can think that people can take advantage of a war situation for their own benefit. Bitcoin was not a safe haven asset at some point, but many people believe that you will be safe with bitcoin during the war. Thus I just agree that bitcoin should not be the same as gold as they are two different investment assets.

[Captain Corporate]

 If you are in an unsafe place right now because of the war, crypto is the last thing on your mind (probably). And if you are far away from the fight, just hold on and sit tight, there are people fighting for their survival and fighting for their nations and babies are being killed by some dictator madmen. Just focus on getting your lifebetter meanwhile, get more water, take 30 minute walks a day, hodl your crypto and literally do nothing about it. Watch new shows, read new books, see new places, chat with your friends more. Live your life that Ukrainians can't, because if you spend your good life right now in a wasteful manner, you are missing out on so much. Wait until the war is over before you make any crypto decisions.

[7788bitcoin]

~
Right now the prices are in green, people lost the trust on their money which actually pushes more people to hold bitcoins so their funds won't get freezed by banks or government at emergency situations.

During emergency situation we can assume that people will look for investments that are safe from the government and cryptocurrency is the prime market which does not have any direct control by any government and yet when the news of the war started to spread, the market was bleeding and i was actually surprised with the reaction but then the market regained its momentum the very next day and it started to rally.

[Oceat]

I think the current decline in the price of bitcoin and the crypto market as a whole is due in part to the spontaneous reaction to rising tensions between Ukraine and Russia. Due to the current war situation, some investors are afraid and choose to move their assets to other assets. Therefore, I think the current war situation will continue to affect the crypto market sentiment and bitcoin is still experiencing a decline in price.

Of course many people will be afraid of war, war is bad. They will instinctively save their assets first, such as crypto. Many people don't want to take risks at times like this, this definitely makes them want to play it safe

I think it's normal if the price is declining like it's getting ready to pump after a certain decline. I don't know if what they were talking is right that it would pump Bitcoin price if there's a war since it affects all of the economy of that certain country. I just want to wait a little and see if it's true though it would be possible though since most people who can't access their bank might choose Bitcoin to access their money. Thus, increasing the adoption but it doesn't seem to work that way right now, so let's give more time.

[STT]

Bitcoin should mimic the direction of gold prices when it comes to wartime.

I did think the BTC selloff in some way resembled the Flu sell off where measures were taken to weaken currency and distance became a larger factor thereby helping BTC.   I would still strongly argue gold and crypto are two different asset classes, they are not really in competition and I dont believe they follow each other except by being inverse to Dollar generally.   We dont compare BTC to silver or copper, despite the electronics relevance so this metal is not direct either; we can be sure Dollar declines and many things will replace it.

[Dave1]

If anything, I think that prices should be propped up by this news.

Bitcoin should mimic the direction of gold prices when it comes to wartime. People are going to be looking for stable asset classes that do not have ties to either country in these times, as they do not want their wealth being tied up in stocks or fiat currencies.

But we all know that is not just the reason though, gold assets is being used by every nation in war, during WWII, if my memory serves me right, we were told that it is being used by countries to pay their debts incurred during the war, so not sure if this can be said on bitcoin.

The initial selloff, in my opinion, was completely unjustified. The market is now responding rationally to the news.

Perhaps it was simply panic, and when everything settles down, investors know what's going to happen next so they go full retard on BTC.

[Kemarit]

Always link into further sources if at all possible, everything should be verified especially in a war with two sides trying to propagate information from their point of view.

Physical form of money is not safe during the wars

Previously physical money was related to a metal value somewhere, even basic copper was in the makeup of a coin but now this is hardly ever true.  Now if you hold currency you cannot be sure if a billion or a trillion more will be issued overnight digitally, relative to BTC where that will not happen we should see that at least some crypto held by everyone in the population is reasonable.   
   How many people hold BTC in the overall population, its still a small percentage but rising.  For this reason long term the outlook remains reasonable to hold some but not all money in BTC.

World war II has really thought us a big lesson specially if you are going to hold paper money, it will not have value in war. I still remember the stories of my father and grand father during the war, and they said that they used to carry loads and loads of paper money, LOL.

So maybe if history repeats itself in this war, we now have a better understand and have other options like Bitcoin to hedge our money.

[Woodie]

With all these happens its sad to see that Puttin has put his selfish desires ahead of peoples lives... When this decision is certainly not in the interest of the majority! To make matters worse this is in the midst of the covid pandemic and this is happening, what a double tragedy. This is going to affect economies negatively be it crypto or traditional economies.

[tabas]

With all these happens its sad to see that Puttin has put his selfish desires ahead of peoples lives

I'm keep on reading details about why this war has started. And there's more to what we're seeing in the social medias and news about this invasion of Russia to Ukraine. There's a deep connection of the two countries with their entire history but I do agree that it's the attitude of being selfish, this war can be done without the killings and damages if they'll just talk about it peacefully.

When this decision is certainly not in the interest of the majority! To make matters worse this is in the midst of the covid pandemic and this is happening, what a double tragedy. This is going to affect economies negatively be it crypto or traditional economies.

It has already affected the economy of related to this war. The crypto market has affected for a while but it didn't last long. We're again good if you're going to look at the market lately. Ukraine has been asking for donations in the form of crypto and many have answered that call.

[GeorgeJohn]

If I didn't know any better I would say that it sure looks like a very well crafted and artificial bear trap  

Bear trap concerning the Russian invasion to Ukrainian or what? At least are meant to understand the scenario or the actual point you are narrating. We quit know that before now we are into bear market, but I'm surprised when some factor's is pointing at the collision between Russia and Ukraine as the actual initiation of bear market... that's while i wanted  you to elaborate what exactly you meant by artificial bear trap.

[Epaper]

Indeed, the performance of bitcoin and other crypto-assets since last week has experienced a very deep price decline due to one of the factors due to the war that occurred between Russia and Ukraine. The aftermath of the war affects the performance of cryptocurrencies, which could exacerbate a weaker spontaneous market reaction resulting in a deep price drop. It is likely that the price of bitcoin will continue to fall in the short term if global market headwinds and European geopolitics persist.

[FanEagle]

Previously physical money was related to a metal value somewhere, even basic copper was in the makeup of a coin but now this is hardly ever true.  Now if you hold currency you cannot be sure if a billion or a trillion more will be issued overnight digitally, relative to BTC where that will not happen we should see that at least some crypto held by everyone in the population is reasonable.   
   How many people hold BTC in the overall population, its still a small percentage but rising.  For this reason long term the outlook remains reasonable to hold some but not all money in BTC.

The exact reason why it is rising is similar to fiat being backed by gold as well. It is backed by miners who have a cost. It doesn't have to be like that, it could go down under the value of what miners are spending on energy to produce it, but at least there is a bottom for them, even if not for anyone else. Fiat is not backed by anything and people who think "what makes bitcoin have a value?

It is not backed by anything or anyone!" are the same people who think their fiat is somehow backed. Their government could print a trillion more overnight and their fiat would be worth nothing, and yet they still believe in their fiat and not crypto. The smart ones already realized this and moved to crypto years ago.

[Silberman]

It should improve in value.
In case of war it could be the safest place for your assets to remain intact. Paper money will burn or you cannot bring them all, gold will melt and so does other commodities. You cannot invest in real estate because it will soon be a rubble.
While in Bitcoin you will just need to bring a flash or better just have a good memory and remember your seed phrase. Not that I like war but that's the worst case scenario.
But, I still don't like the idea connecting Bitcoin market with politics events. It should not.

We are going to have to wait and see, what you say makes complete sense however that doesn't really mean that people are going to use bitcoin the way that you describe, so we're going to have to wait and see if the markets recover as people finally understand that all the characteristics that makes bitcoin unique will help them to preserve their wealth in a more efficient manner than any other store of value that exists at the moment under those circumstances.