Bitcoin price goes down as Russia begins Ukraine invasion

[Ararbermas]

That tension between that both country is really makes holders panic selling to be honest, wherein even though Ukraine and Russia just started legalize bitcoin few weeks ago.

And i'm not really expecting  that its possible to happen in bitcoin, i mean for a new country that just started the adoption and because of their personal issues as well it caused bad results on bitcoin afterwards.

And lastly the question is, why the whole market is very affected.

[ropyu1978]

Selling in a panic when they read the news everywhere will only leave regrets if we don't look for more information. I hope the news is not the cause of the fall in the bitcoin price this time but maybe from other reasons. People get worried easily when they read the bad news they get. Hopefully, this doesn't last long so the price can go up again. Once again, bitcoin gets the test but I believe bitcoin can handle it.

The price of bitcoin has collapsed not long after the Russian president carried out a military operation in Ukraine, every time there was chaos between the countries the price of bitcoin and ethereum began to fall, trials hit bitcoin again now, but I really believe bitcoin will be able to pass all the obstacles that exist, because bitcoin is used to experiencing all the obstacles that come. I hope the bitcoin price stabilizes again.

[pakhitheboss]

Global stock markets are down and so do Bitcoin. This is not the first time that such incident has occur. In the end whenever people panic due to an ongoing situation globally the market get crashed. I have read in the past here that Bitcoin price never gets affected due to the outside world which I agree to some extent but in this situation the dumping the market is directly impacted because of the ongoing war.

[D-law]

A drop in price at the inception of the war and invasion, and I see a higher price increase gradually.
Russians are shooting, ammunition zones, airport, I think bank's will be next in the process.
They're fighting against what Ukraine will use to fight back at them, but don't think they can stop Bitcoin.
Once banks shut down, bitcoin and Crypto Currencies will be used, will more use increase the price ?

[cryptoaddictchie]

~snipped

Im not sure but for me its a big issue here. It could invoke world war 3 as other countries will not likely to stay quiet about Russia domination here over Ukraine. Yes Nato could not or maybe engaging anytime with the war but we all knew that somehow this news are affecting the crypto trading or bitcoin movement too. Its just after the announcement the market crash instantly, and this news are the only fundamental that might explain that imo.

[Mauser]

Didn't Russia already invade and annex 2 big cities in Eastern Ukraine 2 days ago? I'm talking about Donetsk and Luhansk that used to be part of Ukraine.

How do you define part of Ukraine? There is a civil war going on for 8 years, since then these 2 regions were not part of Ukraine anymore but autonomous regions. I find it very sad that the two countries couldn't find a peaceful solution and it ended in war now. War is always wrong and is only going to hurt the innocent.

About an hour ago, the president of Ukraine, Volodymyr Zelensky, confirmed that Putin was going to invade Ukraine. As soon as this hit the news portal the Bitcoin price went down 8%

Unfortunately most investors don't look at bitcoins other crypto currencies as safe assets yet. For the majority of investors cryptos are still assets to speculate with. Similar to stocks investors are going to sell their holdings into less risky assets. Thats why we can see cryptos, commodities and stocks dropping at the moment and see a rise in gold price. Same goes for silver platinum, it is still the safe haven for many. Also the Swiss Franc is rising again, another safe asset for many investors.

[PawGo]

I wonder what will be impact on miners. No idea how strong Ukrainian pools are, but I guess it will not come without any consequences. At the moment of writing we are 1h without block, maybe just a coincidence.
Anyway, this is one more time when we do not know it there will be a real reaction from EU and US or just talking about "being concerned".

[cryptomaniac_xxx]

I think everyone knew that the moment Putin invaded Ukraine, the price of bitcoin and the rest of crypto are going down hard. Currently the price is peg at $35k, yesterday it seems that the price is stabilizing at $38k. Nevertheless, this is another great opportunity for us to buy and just go and be a long term holder. This year might not be good for bitcoin, but at least you can take advantage of it and just buy as much as you can.

[TheBeardedBaby]

I'll just throw a famous quote here, and this is what will most likely to happen when downtrends hit hard and those with money will want to invest in well performing assets.

Buy when there's blood in the streets, even if the blood is your own.

The war is a tool for many ppl to make a lot of money and unfortunately, money has no feelings, for some it's a tragedy for others is an opportunity.

My thoughts are with Ukraine.

[KaliLinux]

Why are we focusing only on bitcoin as the whole market is down and not only crypto but share market has also tumbled a lot due to situation getting worse between Russia and Ukraine.The air strikes and Russian invasion have started a series of crash in prices and it will go on for some time until it's all over.So the best we can do is just hold the position in market at the time and wait long term.

I believe you would know that the platform is Bitcointalk hence no surprise that the focus will be mostly on Bitcoin even though we still view other financial sectors. Even though we think the Russia/Ukrian issue is affecting the cryptocurrency market, we must also realize that looking at the Bitcoin price chart from 9 Nov 2021 till now, we have mostly seen a downtrend but of cause, some traders will be shaken by such kind of news but I hope this doesn't stay for long.  

[Accardo]

The price of bitcoin is falling and Gold spiked by 1.5% according to Peter Schiff's tweet. But, looking at bitcoin as a safe haven whereby people throw fortunes into bitcoin so that they can flee their country in times like this without having to pass through any stress whatsoever regarding loads of money, gold or properties. They can access their bitcoin in any county. I think reverse should be the case, it's just the beginning and market change is rapid this year. So people should no panic and keep hodling because soon people will invest into bitcoin to save their properties and wealth.

[Ozero]

~snipped

Im not sure but for me its a big issue here. It could invoke world war 3 as other countries will not likely to stay quiet about Russia domination here over Ukraine. Yes Nato could not or maybe engaging anytime with the war but we all knew that somehow this news are affecting the crypto trading or bitcoin movement too. Its just after the announcement the market crash instantly, and this news are the only fundamental that might explain that imo.

In the very center of Europe, crazy Putin attacked Ukraine with missile strikes, after which Russian troops crossed the border with tanks and other heavy military equipment. The invaders met with worthy resistance: six Russian SU fighters, two military helicopters were shot down, four tanks were destroyed. This, of course, is just the beginning.
Lithuania and Moldova, in connection with such a brazen Russian invasion, have already declared a state of emergency in their countries. The US Congress, in response, is considering today the possibility of sending its troops to Ukraine. A third world war is quite possible.

[Reatim]

About an hour ago, the president of Ukraine, Volodymyr Zelensky, confirmed that Putin was going to invade Ukraine. As soon as this hit the news portal the Bitcoin price went down 8%

Source

"Bitcoin plunged 8% on Wednesday night to as low as $34,778, the lowest level since Jan. 24, as Russian President Vladimir Putin announced a military operation in Ukraine.

The cryptocurrency BTCUSD, -7.01% was recently trading at around $34,915, down about 49% from its all-time high in November. Ethereum ETHUSD, -9.31% also tumbled to the lowest level in almost a month, recently trading at $2,375, down 10% over the past 24 hours. "

Source

thoughts?

expected to happen , this has been the topic of the market for month now so isn't it normal that the attack will happen any time soon and the market will drops low as this is a worldwide issue?

but like most of the time , surely there will be recovery after weeks lol.

we knew that Russia will take Ukraine but the allied of Ukraine will surely retaliate and will make it a universal problem .

[PrivacyG]

Here is another important thing to blow your mind. Russia annexed another part of Ukraine exactly 8 years ago on the same dates too. Meaning on 20 February 2014 and bitcoin didn't care when Russia annexed Crimea. So why should it care now?
Here is something that would blow your mind even more, from February 20 to March 5 (the peak of the conflict) bitcoin price went from $500 to $670 (about 35% rise).

So the only explanation that is left is market manipulation.

There are so many more big players in the Cryptocurrency market today than there were in 2014.  We as investors decide if Bitcoin is a safe asset during tough times or not, right?  So this may mean that the majority of Bitcoin investors see it as a money making machine today and not a safe asset, which also explains this market crash.  I would rather believe this is what is going on.  We should keep in mind that every time bad news came about the pandemic, Bitcoin dropped significantly.

-
Regards,
PrivacyG

[pooya87]

It could invoke world war 3 as other countries will not likely to stay quiet about Russia domination here over Ukraine.

I'm following this from afar so my information may not be complete but it looks to me that Ukraine brought this on itself when it tried to become part of NATO alliance and got close to the "west". It looks something like Cuban missile crisis. Russia felt a threat to its national security as Ukraine kept amassing weapons bought from Russia's enemies and there was even talks of building nuclear weapons again.
The thousands of troops they sent to the border was the last resort Putin used to maybe reverse this decision but it didn't happen so he invaded the country.

The US Congress, in response, is considering today the possibility of sending its troops to Ukraine. A third world war is quite possible.

Where did the congress say that? Biden claimed that he will not get involved and will not send any troops to battle Russian forces.
https://www.politico.com/news/2022/02/23/biden-troops-russia-ukraine-00011049

[Anonylz]

I think people should stop speculating about a possible world war lll when they are not sure what will happen, right now it is unclear the direction this political conflict will go. However, it is indirectly affecting the market because of fear of what people are reading from the Internet, there are already different versions of this conflict making people panic. People should be calm.

[bakasabo]

A third world war is quite possible.

Possible, but wont happen. No one need that that war, as no one will win in it. It will be a destruction for everyone. This Russian-Ukrainian conflict was running for ages and will continue to run. For WW3 to happen, Russia must start invasion of other countries, or other countries must send their troops to Ukraine territory and they must have been attacked by Russia. Does Russia have similar conflict with other close countries - no. Does other country military can do a significant problems to Russian military - yes and no, as no one in clear mind wont try to involve that deep in Russia-Ukrain conflict. I expect more and more severe sanctions against Russia, world wide price growth, but not WW3.

[pooya87]

I expect more and more severe sanctions against Russia, world wide price growth, but not WW3.

So far US is capitalizing on the chaos and putting pressure on Europe economy as what they sanctioned is actually Europe not Russia (much needed gas exports from Russia to Europe). So if anything there are more severe sanctions against EU so far! And if the conflict continues we may end up seeing another energy crisis over there.

[hd49728]

Possible, but wont happen. No one need that that war, as no one will win in it. It will be a destruction for everyone. This Russian-Ukrainian conflict was running for ages and will continue to run. For WW3 to happen, Russia must start invasion of other countries, or other countries must send their troops to Ukraine territory and they must have been attacked by Russia. Does Russia have similar conflict with other close countries - no. Does other country military can do a significant problems to Russian military - yes and no, as no one in clear mind wont try to involve that deep in Russia-Ukrain conflict. I expect more and more severe sanctions against Russia, world wide price growth, but not WW3.

NATO rejected to send army forces to Ukraine. They don't want to stuck there and Ukraine is not an official member of NATO. Putin just want to break the chance to join NATO of Ukraine. He is smart enough to know that if he invade Ukraine and want to merge this nation to Russia, the hell is waiting for him and his nation.

World War III will appear if he does it but as said, I think Lutin does not want it.
About Bitcoin, it does not fall because of Ukraine-Russia war. It will rise because of the geopolitical confict or the war. Just like it crashed because of the pandemic announcement in March 2020 then rose and made its alltime high because of consequent inflation from the pandemic.

[bittraffic]

I'll just throw a famous quote here, and this is what will most likely to happen when downtrends hit hard and those with money will want to invest in well performing assets.

Buy when there's blood in the streets, even if the blood is your own.

The war is a tool for many ppl to make a lot of money and unfortunately, money has no feelings, for some it's a tragedy for others is an opportunity.

My thoughts are with Ukraine.

Just when we thought BTC will rise because Russia legalize BTC, the situation escalates. We have heard that famous quote all the time when there is a long bear market or war. But I'm not going to risk it while it's still unsure what's going to happen yet. For someone who had been in the crypto market for a long time, I'm probably going to see how low the price will really go and wait for the price to at least jump up and cooler heads prevail before onboarding again.

We have yet no idea when this situation is going to end, it's not a full war afaik.
The Ukrainian president has to choose peace talks because we see Putin is willing to shoot even when Ukraine is backed by NATO.