Crypto prices crash as threat of war looms

[Silberman]

And what about privacy coins? Can it be a way out for those who suffer from economical sanctions and need to keep his money anonymous? Or in this case everyone will just lose?

in this time of sanctions when governments are so angry and are weaving tough measures to be using anonymous coins to get around what your country's government (if the person lives in a country where they were sanctioned) is prohibiting certain things and the person is Doing this through anonymous coins is something very dangerous because if you get caught they will have no mercy, the court will have no mercy. I think it's not a good idea to use anonymous currency to commit crime, anonymous currency should be used for the person to have more privacy, not to commit crime or circumvent sanctions

In order to protect ourselves from inflation and the danger of losing our money during the war privacy coins are not really needed, as long as you are holding bitcoin that can be more than enough to protect you from those two problems in the case they get even worse, just to give and example hundreds of thousands of people are leaving Ukraine, how are they going to move their money with them? If they carry anything physical they may lose it or they run the risk of being stolen, and if they use a debit card then who knows if their bank will still exist after the war or allow them to withdraw their money, but with bitcoin you can carry your money without worrying about something like that happening to you.

[Yaunfitda]

Price crash is totally different from small corrections or decreases which we are seeing at the moment.

I think the effect of the Ukraine war is what the market reacts to from the market sentiment.  But it's not the grand nature of that decline.  We all realized last May bitcoin also had a big retracement at $29k and then everyone was panicking and panicking, but in the end bitcoin hit a new ATH.  Therefore, I think it is still advisable to be optimistic about another stronger recovery.  It can happen if the positions are confirmed from the market.

Again those are different scenarios, we haven't reach new all time high that time and it was a typical retracement to $29k. But now, when we did experience a magical run to $69k and then we slowly decline to what we are right now. So it's a combination of retracement and then followed by panic due to the war. And it may very well confirmed that we are not in a bull run cycle this year.

It's good though that we have to experienced a downturn, a mean it's the best opportunity for crypto investors specially those who are not whales to buy and make money for themselves in the future. So let's look at the bright side for this kind of retracement that we have seen since we hit ATH last year. Let's now take it negatively otherwise it will simply defeat the purpose of being into crypto. So squeeze in the bear market, accumulate and then wait for the bull run and make profit.

[Raymond Gary]

Before all this whole event took place, Bitcoin is already headed downwards, so what this whole issues did to the market is that, it helped in pushing the price further lower but the won't change the overall direction.. News event can only spike the price and movement of a trend in a particular direction and I don't think it will change the overall direction, hence the price of Bitcoin should have pushed further downwards than where it's right now due to all this uncertainty.

[henmark]

It's good though that we have to experienced a downturn, a mean it's the best opportunity for crypto investors specially those who are not whales to buy and make money for themselves in the future. So let's look at the bright side for this kind of retracement that we have seen since we hit ATH last year. Let's now take it negatively otherwise it will simply defeat the purpose of being into crypto. So squeeze in the bear market, accumulate and then wait for the bull run and make profit.

Unfortunately many newbies who are not experienced in the crypto world will see this downtrend as a way for bitcoin to crash and burn and get out. They get scared a lot more, you and I could see this as an opportunity and buy more and make a profit later on, but that doesn't change the fact that we are talking about something that is risky and dangerous at the same time for newbies. They just get into panic mode and sell and get out when it is going down.

The eternal "buy low, sell high" is the true method of making money, it has always been, and it is VERY simple as well. All you have to do is wait for it to crash, buy when it crashes, and do nothing else, literally do nothing else, just wait.

[Silberman]

Before all this whole event took place, Bitcoin is already headed downwards, so what this whole issues did to the market is that, it helped in pushing the price further lower but the won't change the overall direction.. News event can only spike the price and movement of a trend in a particular direction and I don't think it will change the overall direction, hence the price of Bitcoin should have pushed further downwards than where it's right now due to all this uncertainty.

Without a doubt news have the ability to exacerbate the response of the markets, however the difference with a war is that it is an event that is ongoing, and as the sanctions against Russia keep accumulating and the losses in terms of human lives keep growing then the effects they can have over this market can increase or decrease with time, unlike with what we see with other events which may have an effect on this market, but the effect they have is extremely limited due to the quick nature of the event itself.

[Jating]

Before all this whole event took place, Bitcoin is already headed downwards, so what this whole issues did to the market is that, it helped in pushing the price further lower but the won't change the overall direction.. News event can only spike the price and movement of a trend in a particular direction and I don't think it will change the overall direction, hence the price of Bitcoin should have pushed further downwards than where it's right now due to all this uncertainty.

Without a doubt news have the ability to exacerbate the response of the markets, however the difference with a war is that it is an event that is ongoing, and as the sanctions against Russia keep accumulating and the losses in terms of human lives keep growing then the effects they can have over this market can increase or decrease with time, unlike with what we see with other events which may have an effect on this market, but the effect they have is extremely limited due to the quick nature of the event itself.

The news of the war though really magnify how crypto is important on both side. Some say with the sanctions, Russia can uses crypto to get around those penalty, will the Ukrainian government is receiving lots of crypto donation.

However, with the mounting lost of lives and devastation, it's really hard to fathom what is going to happen in the next coming months. World economies are going to falter, now we have seen the price of oil starting to go up because of the war.

[Sethrey]

In order to protect ourselves from inflation and the danger of losing our money during the war privacy coins are not really needed, as long as you are holding bitcoin that can be more than enough to protect you from those two problems in the case they get even worse, just to give and example hundreds of thousands of people are leaving Ukraine, how are they going to move their money with them? If they carry anything physical they may lose it or they run the risk of being stolen, and if they use a debit card then who knows if their bank will still exist after the war or allow them to withdraw their money, but with bitcoin you can carry your money without worrying about something like that happening to you.

They have to think about it before, of course, but who knew that the war will start in 2022... It's pretty hard to choose the right coin to invest in while you're in a rush. Anyway, I hope they'll be safe as well as their savings. And in case with Bitcoin, not all the countries support it and will let you get your money back easily. While privacy coins can be accessed from anywhere if you have it on no KYC decentralized exchanges.

[Starkick]

In order to protect ourselves from inflation and the danger of losing our money during the war privacy coins are not really needed, as long as you are holding bitcoin that can be more than enough to protect you from those two problems in the case they get even worse, just to give and example hundreds of thousands of people are leaving Ukraine, how are they going to move their money with them? If they carry anything physical they may lose it or they run the risk of being stolen, and if they use a debit card then who knows if their bank will still exist after the war or allow them to withdraw their money, but with bitcoin you can carry your money without worrying about something like that happening to you.

They have to think about it before, of course, but who knew that the war will start in 2022... It's pretty hard to choose the right coin to invest in while you're in a rush. Anyway, I hope they'll be safe as well as their savings. And in case with Bitcoin, not all the countries support it and will let you get your money back easily. While privacy coins can be accessed from anywhere if you have it on no KYC decentralized exchanges.

By the way, you mentioned anonymous exchanges - they can help exchange bitcoin, if anything. For example, Crypton Exchange from the Utopia p2p project. Anonymity, data security and access to the necessary coins!

[bitgolden]

The news of the war though really magnify how crypto is important on both side. Some say with the sanctions, Russia can uses crypto to get around those penalty, will the Ukrainian government is receiving lots of crypto donation.

However, with the mounting lost of lives and devastation, it's really hard to fathom what is going to happen in the next coming months. World economies are going to falter, now we have seen the price of oil starting to go up because of the war.

I would guess that there will be a lower and lower situation. All around the world wherever oil comes from, wherever couldn't find proper help, we are getting more and more people interested in it. I mean obviously we are not going to see the price being like 30-40 or whatever, but it was like 60-70 already, and going under 100 now as well so the difference is not really that high right now.

It could have another 20-30% fall as well, it was 130+, now it is under 100 or so, another fall like that and we are talking about nearly "cheap" prices again. Problem is that oil companies take advantage of this situation and make tens of billions of dollars in profit.

[ultrloa]

Before all this whole event took place, Bitcoin is already headed downwards, so what this whole issues did to the market is that, it helped in pushing the price further lower but the won't change the overall direction.. News event can only spike the price and movement of a trend in a particular direction and I don't think it will change the overall direction, hence the price of Bitcoin should have pushed further downwards than where it's right now due to all this uncertainty.

Without a doubt news have the ability to exacerbate the response of the markets, however the difference with a war is that it is an event that is ongoing, and as the sanctions against Russia keep accumulating and the losses in terms of human lives keep growing then the effects they can have over this market can increase or decrease with time, unlike with what we see with other events which may have an effect on this market, but the effect they have is extremely limited due to the quick nature of the event itself.

The news of the war though really magnify how crypto is important on both side. Some say with the sanctions, Russia can uses crypto to get around those penalty, will the Ukrainian government is receiving lots of crypto donation.

However, with the mounting lost of lives and devastation, it's really hard to fathom what is going to happen in the next coming months. World economies are going to falter, now we have seen the price of oil starting to go up because of the war.

It really make people safe from any risk on any sanctions or economic intervention that's why its really important to have crypto on their financial system. For sure Russian and Ukrainian government see its importance and might we can see some great changes after this war ends. And maybe this could add some good impact with bitcoin since for sure other country are much aware about bitcoins existence.

[Marvell1]

It really make people safe from any risk on any sanctions or economic intervention that's why its really important to have crypto on their financial system. For sure Russian and Ukrainian government see its importance and might we can see some great changes after this war ends. And maybe this could add some good impact with bitcoin since for sure other country are much aware about bitcoins existence.

When war is over, the world will realize how important cryptocurrency is to a country. If unfortunately fall into an economic crisis, isolated from the outside world due to war, where fiat currency depreciates blocked banks cannot withdraw and transfer money there is no place to safely store assets. Only crypto can be the only solution to help them solve problems that banks and fiat cannot do.

[19Nov16]

Before all this whole event took place, Bitcoin is already headed downwards, so what this whole issues did to the market is that, it helped in pushing the price further lower but the won't change the overall direction.. News event can only spike the price and movement of a trend in a particular direction and I don't think it will change the overall direction, hence the price of Bitcoin should have pushed further downwards than where it's right now due to all this uncertainty.

That's right, before the war the bitcoin price had dropped and was almost below $30k, it seems that any event didn't have much effect on bitcoin, the bigger thing than the war of course was the Covid pandemic that happened in almost all countries, what happened was bitcoin skyrocketed.

[btc_angela]

It really make people safe from any risk on any sanctions or economic intervention that's why its really important to have crypto on their financial system. For sure Russian and Ukrainian government see its importance and might we can see some great changes after this war ends. And maybe this could add some good impact with bitcoin since for sure other country are much aware about bitcoins existence.

When war is over, the world will realize how important cryptocurrency is to a country. If unfortunately fall into an economic crisis, isolated from the outside world due to war, where fiat currency depreciates blocked banks cannot withdraw and transfer money there is no place to safely store assets. Only crypto can be the only solution to help them solve problems that banks and fiat cannot do.

It doesn't really need to be the war to stop to be able to realized how important crypto not just for a country but for every individuals. Just the covid-19 outbreak alone show how good crypto is, or how your money grows through crypto. All we want is that crypto will be just universally accepted and that many stores online or offline are going to accept it so that we can used it anymore without bringing in fiat.

[Silberman]

It really make people safe from any risk on any sanctions or economic intervention that's why its really important to have crypto on their financial system. For sure Russian and Ukrainian government see its importance and might we can see some great changes after this war ends. And maybe this could add some good impact with bitcoin since for sure other country are much aware about bitcoins existence.

When war is over, the world will realize how important cryptocurrency is to a country. If unfortunately fall into an economic crisis, isolated from the outside world due to war, where fiat currency depreciates blocked banks cannot withdraw and transfer money there is no place to safely store assets. Only crypto can be the only solution to help them solve problems that banks and fiat cannot do.

It doesn't really need to be the war to stop to be able to realized how important crypto not just for a country but for every individuals. Just the covid-19 outbreak alone show how good crypto is, or how your money grows through crypto. All we want is that crypto will be just universally accepted and that many stores online or offline are going to accept it so that we can used it anymore without bringing in fiat.

We must understand that people have very short term memories, and just to give an example there are people that believe that the economy is never going to crash regardless of what the government does with the money supply, and yet we know that there was a huge crash in 2007, so it is really not that surprising that many people do not understand why bitcoin is necessary and they need extreme circumstances, like a pandemic or a war, to be able to understand this fact.

[wozzek23]

I am pretty sure that we really understood the value of crypto during the covid-19 period. Look at the prices during 2020 and 2021 and you will realize that it definitely does have a big deal right now according to many aspects of it. I believe that we should not be worried about people not understanding it, because the prices skyrocketed during that period which is enough proof that people did understand the type of deal bitcoin was during that period.

I do not think that war brought the same thing and that is why it is a bit surprising, I mean war is as big as covid too, maybe doesn't impact the whole world as we know it, but it definitely does impact most of it.

[ShowOff]

I am pretty sure that we really understood the value of crypto during the covid-19 period. Look at the prices during 2020 and 2021 and you will realize that it definitely does have a big deal right now according to many aspects of it. I believe that we should not be worried about people not understanding it, because the prices skyrocketed during that period which is enough proof that people did understand the type of deal bitcoin was during that period.

I do not think that war brought the same thing and that is why it is a bit surprising, I mean war is as big as covid too, maybe doesn't impact the whole world as we know it, but it definitely does impact most of it.

War should not be the underlying reason why bitcoin price volatility occurs. Some plausible things might have happened during the war where it caused some investors to sell some of the bitcoins they were holding, but the high demand saw it bounce back above $40K.

We are still hopeful about bitcoin's great potential in the future regardless of the volatility at any time. Many speculators say it will go up to $100K to $500K or maybe higher in the next 5 to 10 years, but for sure we have to be patient to reap the rewards. However there are always other possibilities along the way because bitcoin is an uncontrollable asset.

[Sethrey]

When war is over, the world will realize how important cryptocurrency is to a country. If unfortunately fall into an economic crisis, isolated from the outside world due to war, where fiat currency depreciates blocked banks cannot withdraw and transfer money there is no place to safely store assets. Only crypto can be the only solution to help them solve problems that banks and fiat cannot do.

Exactly, and in such case, it's always better to use no KYC decentralized exchanges like https://crp.is/ As no one told that people could continue freely use crypto. And doing that anonymously will be the only way out.

[Starkick]

I am pretty sure that we really understood the value of crypto during the covid-19 period. Look at the prices during 2020 and 2021 and you will realize that it definitely does have a big deal right now according to many aspects of it. I believe that we should not be worried about people not understanding it, because the prices skyrocketed during that period which is enough proof that people did understand the type of deal bitcoin was during that period.

I do not think that war brought the same thing and that is why it is a bit surprising, I mean war is as big as covid too, maybe doesn't impact the whole world as we know it, but it definitely does impact most of it.

War should not be the underlying reason why bitcoin price volatility occurs. Some plausible things might have happened during the war where it caused some investors to sell some of the bitcoins they were holding, but the high demand saw it bounce back above $40K.

We are still hopeful about bitcoin's great potential in the future regardless of the volatility at any time. Many speculators say it will go up to $100K to $500K or maybe higher in the next 5 to 10 years, but for sure we have to be patient to reap the rewards. However there are always other possibilities along the way because bitcoin is an uncontrollable asset.

You're right. Bitcoin can both grow sharply and fall, for example. Over the past year alone, we have seen situations where any small situation in the world has had a negative impact on Bitcoin. I hope that in the future we will get more specifics.

[SirLancelot]

War should not be the underlying reason why bitcoin price volatility occurs. Some plausible things might have happened during the war where it caused some investors to sell some of the bitcoins they were holding, but the high demand saw it bounce back above $40K.

We are still hopeful about bitcoin's great potential in the future regardless of the volatility at any time. Many speculators say it will go up to $100K to $500K or maybe higher in the next 5 to 10 years, but for sure we have to be patient to reap the rewards. However there are always other possibilities along the way because bitcoin is an uncontrollable asset.

I do not think that war actually gave it a volatility enough to matter. I expected a lot more and unfortunately it wasn't impacted the way I assumed it would be. I assumed that since Ukraine needed it, and since Russians have sanctions, the increase in bitcoin price was imminent and it would happen one way or another. Turns out it wasn't really a big deal and it did not happen and price is still close to what it was before the war.

Obviously we are not going to see it happen anytime soon, and if the short term was like this, the next near future will not have any changes neither. If a war didn't change it, I highly doubt anything else can. We need to wait for the long term to see something.

[Sethrey]

I do not think that war actually gave it a volatility enough to matter. I expected a lot more and unfortunately it wasn't impacted the way I assumed it would be. I assumed that since Ukraine needed it, and since Russians have sanctions, the increase in bitcoin price was imminent and it would happen one way or another. Turns out it wasn't really a big deal and it did not happen and price is still close to what it was before the war.

Obviously we are not going to see it happen anytime soon, and if the short term was like this, the next near future will not have any changes neither. If a war didn't change it, I highly doubt anything else can. We need to wait for the long term to see something.

I think that this whole situation will cause the rise of privacy coins and no KYC decentralized exchanges like the one from Utopia p2p https://crp.is/ As it will be the only possible way for people under sanctions or for countries where crypto is forbidden.