Bitcoin price goes down as Russia begins Ukraine invasion

[zasad@]

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.

It would be great if sanctions were introduced against large Russian oligarchs and big businessmen. Now they will not buy yachts and real estate in Europe or the USA, and keep their savings in foreign banks, but look for ways to create a profitable business in Russia.

[Lucius]

So hasn't the price already had similar ups and downs in the last 30+ days, even without war conflicts? If only Bitcoin had experienced a drop in price, we could say that military conflict is the reason, but war is only good for those who sell weapons and smuggle basic necessities - everything else will suffer the same fate and go red.




Unfortunately, Russia has achieved its intentions and attacked Ukraine, I really thought that would not happen - but unfortunately, no one stood behind Ukraine firmly and with attitude. It all reminds me of 1991 and how the world stood aside when similar beasts invaded my country and committed the greatest crimes against humanity since World War II.

Cлaвa Укpaїнi🇺🇦

[retreat]

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%

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. "

In the past, the China-India and China-Taiwan conflicts were associated with changes in the Bitcoin price, now the Russia-Ukraine conflict is linked again with Bitcoin price changes, does politics affect Bitcoin, although many people sell their Bitcoins out of fear, but that will not have a significant impact on the Bitcoin price.

[countryfree]

It's only logical.
All stocks, the whole market is down. War brings so many uncertainties. When you don't know what's going to happen tomorrow, you don't want to invest, you don't want to trade. You just sit, and wait until you see what's ahead.

[hd49728]

Unfortunately, Russia has achieved its intentions and attacked Ukraine, I really thought that would not happen - but unfortunately, no one stood behind Ukraine firmly and with attitude. It all reminds me of 1991 and how the world stood aside when similar beasts invaded my country and committed the greatest crimes against humanity since World War II.

It is bad because this approach of Putin and Russia under his regime will put a world into a new era which I believe most of us don't want to see.

Big nations can send their armies to other nations and try to re-draw borderlines if they want. China might be the next nation to do this with Vietnam, HongKong, Taipei. It sucks and Putin will be recorded in history as one of worst people on Earth. After Hitler. The next one can be Xi from China.

Even Ukraine have a old history and relations to Russia, it does not make sense when Putin sent army to this nation and destroy infrastructures, lives, economy, other things there just on sake of selfish privileges of Russia and Putin.

[TradeCrypto]

This is really SAD!!! 

The war between Russia and Ukraine has had an impact on the crypto market, with the global crypto market value falling to $1.57 trillion, a loss of over 9.66 percent in the last 24 hours.

In contrast, MekaMiners(MEKA) suffered the most loss, sinking 99.51 percent to $0.0001696 as shown in Coinmarketcap.

It's only logical.
All stocks, the whole market is down. War brings so many uncertainties. When you don't know what's going to happen tomorrow, you don't want to invest, you don't want to trade. You just sit, and wait until you see what's ahead.

Yes, you are right.

As all stocks & crypto falling down and slowdown in the global economy and high inflation may trigger a major spike in gold prices!!

[moderator's note: consecutive posts merged]

[Kelvinid]

It is sometimes we can't decline such impact to the economy make it was holders will decide to sell especially those who are living in Russia and Ukraine. I couldn't imagine how long this conflict went gone and I'm afraid if this could take longer the more dumps to see it really possible. But still, I'll keep myself prepared for what gonna happen next, and yet I'm still holding until it is needed.

For now, I was monitoring the market trend, I have no plan of buying yet until the time where this issue has been over.

[asus09]

It is sometimes we can't decline such impact to the economy make it was holders will decide to sell especially those who are living in Russia and Ukraine. I couldn't imagine how long this conflict went gone and I'm afraid if this could take longer the more dumps to see it really possible. But still, I'll keep myself prepared for what gonna happen next, and yet I'm still holding until it is needed.

For now, I was monitoring the market trend, I have no plan of buying yet until the time where this issue has been over.

The war that occurred not only had an impact on bitcoin, but others would suffer the same fate, because the war would weaken the entire economy, investors would be overwhelmed, the bank would feel disadvantaged, and the country would suffer huge losses, widows would increase, and even orphans would grow. will increase, I will still hold bitcoin, and wait for the war to subside, because I am very sure after all this ends everything will return to normal as before..

[cheezcarls]

In my opinion about Putin’s decision to legalize BTC as a currency, I think it’s one of his strategies as a preparation to bypass severe sanctions from the US, EU and their respective allies. At this state, he doesn’t care and worried about international sanctions and his reputation anymore (but he might deal with it later) because of BTC. This is just my opinion.

Russia is indeed the largest country not just in Europe alone, but in the entire world map. But recently BTC shoots up to above $38k again as well as ETH and other cryptocurrencies. It’s so unfortunate that this escalation did happen. War isn’t the solution to everything. There’s no winner here in this war. The innocent men, women and children are the ones who suffered. Putin’s true colors finally came out.

[Marykeller]

If a war between two countries can affect the price of bitcoin, what happens If world war3 starts? That will be bitcoin price will fall drastically to possible $1k. Our future assets(bitcoin) are not secured if war starts cos many will sell off their bitcoin out of panics.
Only the wise will convert their fortunes if war ever starts.

[Sayeds56]

If a war between two countries can affect the price of bitcoin, what happens If world war3 starts? That will be bitcoin price will fall drastically to possible $1k. Our future assets(bitcoin) are not secured if war starts cos many will sell off their bitcoin out of panics.
Only the wise will convert their fortunes if war ever starts.

If WW3 breaks out then no asset will be secure except Gold , all Fiat currencies will fall drastically and crude oil and other commodities price will sky rocket, this all is likely to happen when we look at the history of previous wars. I am still optimistic that Ukraine war will not turn into any major war because US or Europe will not send their troops ( as Ukraine is not NATO member ) to support Ukraine, they will only use tool of sanctions to punish Russia which is a failed strategy. As far as Bitcoin is concerned , it has good support around 34K which it is still respecting.

[stepwilli]

This is panic selling and nothing else.I don't know why many BTC traders are panicking,but this is going to be temporary.Just HODL and forget about the Bitcoin price for a while.There's going to be a price recovery sooner or later.We just have to wait for it.The BTC blockchain is fine.The BTC miners aren't damaged in any way.
Comparing the Bitcoin price in 2014 with the current Bitcoin price is kinda wrong.Bitcoin wasn't as adopted by mainstream investors in 2014 and nobody cared about Bitcoin,when Russia invaded Crimea in 2014.
The Bitcoin price crashed in March 2020,when the pandemic started and everyone was panicking,but it reached 68K one year later.

We can wonder why because we are not in those country where possible wars are going to happen but if your on those position of those people I think you will know why will they panic sell. I think they are just preparing some cold cash and buying their necessities because transacting is going to be hard by the time war happens. The dumps can be temporary or not depending on the duration of the wars between those two countries.

Hodling is fine but it would be more finer if you can also accompanied it with buying so that you will increase your profit potential by the time price recovery. The wars does not affect the blockchain but there be some miners that will affected if they live on one of the two countries where wars are happening.

[Peanutswar]

It's part of it because they need to have the assets for preparation in the war, some people see this wars happen and they do is sell the bitcoin they hold and we saw recently there's a lot of people keep panicking and we another support of almost 34k USD but again imagine now the Bitcoin comes back again and made a good profit so we are heading toward for another market trend but again be careful with the false hope trends always make research and technical analysis to save your investments.

[Marvelman]

This is panic selling and nothing else.I don't know why many BTC traders are panicking,but this is going to be temporary.Just HODL and forget about the Bitcoin price for a while.There's going to be a price recovery sooner or later.We just have to wait for it.The BTC blockchain is fine.The BTC miners aren't damaged in any way.
Comparing the Bitcoin price in 2014 with the current Bitcoin price is kinda wrong.Bitcoin wasn't as adopted by mainstream investors in 2014 and nobody cared about Bitcoin,when Russia invaded Crimea in 2014.
The Bitcoin price crashed in March 2020,when the pandemic started and everyone was panicking,but it reached 68K one year later.

We can wonder why because we are not in those country where possible wars are going to happen but if your on those position of those people I think you will know why will they panic sell. I think they are just preparing some cold cash and buying their necessities because transacting is going to be hard by the time war happens. The dumps can be temporary or not depending on the duration of the wars between those two countries.

In your comment, you imply that the Bitcoin crash was caused by people from a war-torn area (Ukraine). How do you know that? There is no evidence for that.

This is obviously not the case. Instead, the price is likely to be influenced by speculative investors who are trying to predict the impact of events on the geopolitical scene on the capital market.

[brunelleschi]

Today the up and down of BTC is caused by wall street traders even though they probably account for less than 15% or 20% of total BTC.  Hodlers don't sell and only buy occasionally so they don't have as great an effect on price as traders.  So when something happens in the major markets to go down, these professional traders have to cover margins, to protect themselves from margin calls.   And they do that by selling whatever they have including BTC.  

Presumably in the future as more and more hodlers enter the market the traders will have less effect, but they'll still have some effect only the volatility will be at a much higher average price.  

[fuguebtc]

Unfortunately, Russia has achieved its intentions and attacked Ukraine, I really thought that would not happen - but unfortunately, no one stood behind Ukraine firmly and with attitude. It all reminds me of 1991 and how the world stood aside when similar beasts invaded my country and committed the greatest crimes against humanity since World War II.

It is bad because this approach of Putin and Russia under his regime will put a world into a new era which I believe most of us don't want to see.

Big nations can send their armies to other nations and try to re-draw borderlines if they want. China might be the next nation to do this with Vietnam, HongKong, Taipei. It sucks and Putin will be recorded in history as one of worst people on Earth. After Hitler. The next one can be Xi from China.

Even Ukraine have a old history and relations to Russia, it does not make sense when Putin sent army to this nation and destroy infrastructures, lives, economy, other things there just on sake of selfish privileges of Russia and Putin.

It's sad when war happens, all consequences fall on civilians. But I think Russia and Putin are not as selfish and cruel as China. War is probably the last resort they can do as they have warned Ukraine many times before. Politically if Ukraine merges nato and US will set up military bases in Ukraine. This is endangering the safety of Russia. I think Putin is doing the right thing when defending Russia's territory against the plots of the US and the West. If Ukraine chooses to be a neutral country, nothing will happen.

[marilynmanson21]

the instability of the situation, worsening politics made the owners panic so that some wanted to secure their bitcoins and some took the opportunity to add to their collection.
so don't panic quickly to see the movement of the graph decreases slowly
keep holding your coins to 0

[Finestream]

Unfortunately, Russia has achieved its intentions and attacked Ukraine, I really thought that would not happen - but unfortunately, no one stood behind Ukraine firmly and with attitude. It all reminds me of 1991 and how the world stood aside when similar beasts invaded my country and committed the greatest crimes against humanity since World War II.

It is bad because this approach of Putin and Russia under his regime will put a world into a new era which I believe most of us don't want to see.

Big nations can send their armies to other nations and try to re-draw borderlines if they want. China might be the next nation to do this with Vietnam, HongKong, Taipei. It sucks and Putin will be recorded in history as one of worst people on Earth. After Hitler. The next one can be Xi from China.

Even Ukraine have a old history and relations to Russia, it does not make sense when Putin sent army to this nation and destroy infrastructures, lives, economy, other things there just on sake of selfish privileges of Russia and Putin.

It's sad when war happens, all consequences fall on civilians. But I think Russia and Putin are not as selfish and cruel as China. War is probably the last resort they can do as they have warned Ukraine many times before. Politically if Ukraine merges nato and US will set up military bases in Ukraine. This is endangering the safety of Russia. I think Putin is doing the right thing when defending Russia's territory against the plots of the US and the West. If Ukraine chooses to be a neutral country, nothing will happen.

That's the saddest part because Ukraine chose to abide with US who is always on top of every war, and Russia has made its last resort just to protect the country and the citizens. But in the eyes of many people, Russia was judged as the antagonist one. However, i was not surprised when bitcoin price has fall down again  because its always been affected by market trends and sentiments. And knowing the current event has brought huge negative impact on the crypto market, then the whole crypto market i think is having a hard time to increase their prices again.

[batang_bitcoin]

the instability of the situation, worsening politics made the owners panic so that some wanted to secure their bitcoins and some took the opportunity to add to their collection.
so don't panic quickly to see the movement of the graph decreases slowly
keep holding your coins to 0

Holding coins to zero?
I guess holding right now is still a good move despite the geopolitics that has been happening which is impacting the market through the owners. Many have panicked but also many didn't. It's all about the confirmation of the market that makes every one of us react depending on the situation. When the war startled, the market crashed but just after a few days, the market showed how strong it is.

[AmoreJaz]

the instability of the situation, worsening politics made the owners panic so that some wanted to secure their bitcoins and some took the opportunity to add to their collection.
so don't panic quickly to see the movement of the graph decreases slowly
keep holding your coins to 0

Holding coins to zero?
I guess holding right now is still a good move despite the geopolitics that has been happening which is impacting the market through the owners. Many have panicked but also many didn't. It's all about the confirmation of the market that makes every one of us react depending on the situation. When the war startled, the market crashed but just after a few days, the market showed how strong it is.

we may possibly see bitcoin to rise in the coming days. when btc declined owed to the start of this war, i believe a lot also bought their btc because that is good opportunity. during this war, what do you think will be the safer and faster way to move out your money? local fiat would be hard as banks are mostly not in operations. so if you know how to deal with crypto, you can easily move your funds via crypto without the interruption of the government. but be careful with the exchanges, use reputable ones as much as possible. or much better if you can secure your funds using your own wallet. and i dont think btc will go down to 0, that's not gonna happen.