Bitcoin price goes down as Russia begins Ukraine invasion

[Imran232]

War disturbs the world's everything every time. Honestly speaking, this war is going to be another black mark in this world if this thing gets big. If it is not stopped soon because of the advanced and powerful weaponry. And because of this war, not only in bitcoin but also in the economy, it is going to be the worst for the world. I think if other countries were trying to stop Russia, then Russia wouldn't be stopped for the simple reason that they have power. But if other countries take any steps against them, then we are going to face a huge economic downsoon. Simple, because Russia supplies almost 60% of the world's gas and oil needs. and it might be very dangerous to go against them. But at another site in Ukraine, they are really against Russia. I don't know what's going to happen next. This might be ridiculous. I really feel bad for Ukraine.

[1714681454]

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[1714681454]

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[1CentAlsoWorthForMe]

We can't always avoid such economic consequences, which leads to holders selling their assets, particularly those in Russia and Ukraine. I have no idea how long this war has lasted, and I'm scared that the longer it goes on, the more dumps there will be. But I'll keep myself prepared for whatever comes next, and I'll hang on to it until it's needed. Russia is, without a doubt, the largest country in the globe, not just in Europe. However, BTC, as well as ETH and other cryptocurrencies, has just risen past $38,000. It's terrible that this situation has escalated.

[Sanitough]

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 can never expect for bitcoin not to crash because its always observed that every time there are crisis happening, bitcoin price always gets affected. With the present war, i think this will push for some institutional investors to sell their bitcoin assets and prefer for fiat to sustain from the current crisis, but some of them have also the power to hold and are still hopeful that everything will be back to normal. More than that, bitcoin will also not stay having a low price, it will also try to increase as much as possible but if this war continues, prices of bitcoin and altcoins will be on and off.

[freedomgo]

We can't always avoid such economic consequences, which leads to holders selling their assets, particularly those in Russia and Ukraine. I have no idea how long this war has lasted, and I'm scared that the longer it goes on, the more dumps there will be. But I'll keep myself prepared for whatever comes next, and I'll hang on to it until it's needed. Russia is, without a doubt, the largest country in the globe, not just in Europe. However, BTC, as well as ETH and other cryptocurrencies, has just risen past $38,000. It's terrible that this situation has escalated.

  It's good that bitcoin has managed to increase despite of the world crisis that we are facing now, and this war between Russia and Ukraine could have made it worst. But i'm not losing hope as everything will come to an end in due time. The low crypto market will eventually regain its value after those investors who chose to sell their coins due to the effect of the current war, will buy back again in time. In fact, not only crypto that is affected right now, the value of US dollar tends to create price fluctuations too from its steady move, as well as those stocks market.

[Botnake]

We can't always avoid such economic consequences, which leads to holders selling their assets, particularly those in Russia and Ukraine. I have no idea how long this war has lasted, and I'm scared that the longer it goes on, the more dumps there will be. But I'll keep myself prepared for whatever comes next, and I'll hang on to it until it's needed. Russia is, without a doubt, the largest country in the globe, not just in Europe. However, BTC, as well as ETH and other cryptocurrencies, has just risen past $38,000. It's terrible that this situation has escalated.

  It's good that bitcoin has managed to increase despite of the world crisis that we are facing now, and this war between Russia and Ukraine could have made it worst. But i'm not losing hope as everything will come to an end in due time. The low crypto market will eventually regain its value after those investors who chose to sell their coins due to the effect of the current war, will buy back again in time. In fact, not only crypto that is affected right now, the value of US dollar tends to create price fluctuations too from its steady move, as well as those stocks market.

Actually, not only stocks and US dollar that were affected these days, but more specifically those citizens from Ukraine and Russia are the most affected right now with what is happening on their own countries. I can't imagine how they sustain living their lives there with chaos and a lot of disasters around. And to think that some of them are hodlers of bitcoin, i guess their last resort to sell their bitcoins so they can sustain living there with the growing crisis.

[jhonjhon]

I felt bad for whats happening between Ukraine and Russia. It is sad to see that there are more than hundreds of inoccent people are being killed because of this invasion..

And speaking of bitcoin price. According to this article:

https://www.google.com/amp/s/time.com/nextadvisor/investing/cryptocurrency/experts-react-falling-crypto-prices-russia-ukraine/amp/

Bitcoin has dropped below $35,000 and Ethereum dropped below $2,400 immediately after the invasion started.


Russia’s invasion of Ukraine late Wednesday night will likely bring even more volatility to the crypto market, experts say.

With no signs of a slowdown to what President Biden this week described as an act of war on the part of Russian President Vladimir Putin, experts say cryptocurrency investors should expect more volatility ahead.

[Rengga Jati]

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%

obviously.
Any conflict, moreover war, will always disturb the economic conditions, industry, and various aspects of this world.
Not only Bitcoin but also some stocks in this world also plummeted, even bigger.
We will no longer know whether the impact will be even greater in the future if this war does not end quickly.
What's more, there are several FUDs related to Bitcoin which have recently gone up, causing the price of BTC to fall even more.
And this of course affects the price of altcoins too because after all most altcoins will follow the movement of Bitcoin.

[dataispower]

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.

Do you know that we have been experiencing Bitcoin price fluctuations before now, and Bitcoin market has being in balance since 2021 so saying that it is because of Russian and Ukraine invasion is the one of the factor's why Bitcoin is falling i will not be part of that, the News of Russian and Ukraine have not be long before it comes to effect that could affect Bitcoin

[Kemarit]

It just makes sense considering that Russia also has people who rely on bitcoin. Heard that the war between Russia and Ukraine has the potential to open a third world war, and if it's true, it's only natural that the price of bitcoin is affected.

Again, Putin might not want to have the distinction to be the next Hitler, the man that started the next world war. Perhaps he is just flexing his muscle here because he knows that Ukraine is weak. And Nato and US are not that stupid to help Ukraine physically, I mean giving them arms to fight against the Russians.

And as the OP started, the price goes down, but today we have a good chance to hit $40,000 again.

[fuguebtc]

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.

When the outbreak of war will affect the entire world economy not just bitcoin, the drop in bitcoin price is not a surprise to me. The panic selling of investors is understandable. War is a very bad thing, I hope this war will end soon, we will see the nearest market recovery.

[franky1]

I'm sorry, but maybe my family and I will die tomorrow if the world does nothing, so
Ban Russia from SWIFT! Protect Ukrainian Sky! Send NATO to Ukraine! #BanRussiafromSwift #CloseTheSky #SendNatoToUkraine
 you can ban me if you think it's necessary!!!

Nato will not get involved inside the Ukraine because ukraine is not a member of nato

many people think that NATO is some humanitarian group helping out any country in need. but they are not. they are a member service, helping out only those that are members. (just like a gym membership)

if they started helping out those that are not members, then the existing members see no benefit in paying to be members if they can get the same support/service without paying to be a member. so nato has to not help out non-members too much. or it will see other countries not see the need of paying for membership.
(yep they run it like a business)

so nato will not go into ukraine and defend it.
instead nato stand on the outside in neighbouring countries that are part of nato/international waters. and so nato will defend those neighbouring member countries and stop russia from using those countries as a pass through.

nato are not giving free aid/defensive weapons to ukraine. ukraine have to buy them from nato.

[franky1]

When the outbreak of war will affect the entire world economy not just bitcoin, the drop in bitcoin price is not a surprise to me. The panic selling of investors is understandable. War is a very bad thing, I hope this war will end soon, we will see the nearest market recovery.

the price has remained in the $37-$42k range for the last month. even before the conflict.
infact its at $39k which is higher than in january and higher then days before the conflict last week
(21st feb $37k.. first day of invasion 24th)
it was at $38k on invasion day and now at $39k

so dont panic.
..
there are other factors at play changing the value dynamic of bitcoin. that are more affecting things than the stuff happening in the ukraine
new asics are operating, the network hashrate is at ~190exa for the week instead of 200+exa the week before

using last gen asics the mining cost and thus baseline value where cheapest region on earth to mine was $37.5k
using new gen asics the mining cost and thus baseline value where cheapest region on earth to mine is $28.3k

so because those getting small batches of just released next gen asics, some are making more profit and able to sell for less and still profit

also the higher cost countries like america. which had a last gen cost of mine of $43k so they prefered to buy coin rather then mine when price was below their cost
now can mine for $32.7k, so now they have switch positions from a buy to hoard, to a mine to sell position.
..
as for market influence
those actually in ukraine are not looking to sell their bitcoin to have Ukraine currency. they are actually trying to change their ukraine currency into other things like bitcoin, to store while they try to escape ukraine

there are only a few 'minnows' that are selling up to get small amounts of ukraine funding to cover any immediate costs of living/escape

[pooya87]

Nato will not get involved inside the Ukraine because ukraine is not a member of nato

Ukraine not an "official" member of NATO but they (and USA) had promised protection. In fact that is how they disarmed Ukraine in first place! They were just too stupid to know that they shouldn't trust such promises from countries that have very weak military themselves!

[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.

We can never expect for bitcoin not to crash because its always observed that every time there are crisis happening, bitcoin price always gets affected. With the present war, i think this will push for some institutional investors to sell their bitcoin assets and prefer for fiat to sustain from the current crisis, but some of them have also the power to hold and are still hopeful that everything will be back to normal. More than that, bitcoin will also not stay having a low price, it will also try to increase as much as possible but if this war continues, prices of bitcoin and altcoins will be on and off.

I don't think that quick will make them sell off their entire bitcoin asset. Maybe just for a quick profit but eventually they'll buy back those sold bitcoins at a mark up. That's how these institutional works for the profit. It's known that cash is king when there are events like this but people are getting smarter these days, you can't buy anything if you're in the exact place of the war. But if you're far from the scene then you don't have to panic but you can go along with the market and profit from it.

[skarais]

obviously.
Any conflict, moreover war, will always disturb the economic conditions, industry, and various aspects of this world.
Not only Bitcoin but also some stocks in this world also plummeted, even bigger.
We will no longer know whether the impact will be even greater in the future if this war does not end quickly.
What's more, there are several FUDs related to Bitcoin which have recently gone up, causing the price of BTC to fall even more.
And this of course affects the price of altcoins too because after all most altcoins will follow the movement of Bitcoin.

There is always volatility that we can feel regardless of any news happening in the world, be it positive news or negative news. Russia and Ukraine have been influencing the price of bitcoin for some time as traders and investors panicked after the country announced the invasion, but now it seems that everything is under control as demand for bitcoin has increased.

I'm not sure how long the war will last but I believe in the short term bitcoin really isn't a safe haven so people can't prevent losses from fluctuations. Russia and Ukraine are not only having an impact on crypto but the impact is also being felt on the stock market and other investments.

[tbct_mt2]

There is always volatility that we can feel regardless of any news happening in the world, be it positive news or negative news. Russia and Ukraine have been influencing the price of bitcoin for some time as traders and investors panicked after the country announced the invasion, but now it seems that everything is under control as demand for bitcoin has increased.

Bitcoin is always a speculative and volatile asset and to be honest, it's not first time Bitcoin has 30%, 40% correction, so please don't connect it with the war. The war itself has its impact on all markets but with Bitcoin market, if the correction is inevitably, it will occur by one reason or another which can be this war or another reason.

I'm not sure how long the war will last but I believe in the short term bitcoin really isn't a safe haven so people can't prevent losses from fluctuations. Russia and Ukraine are not only having an impact on crypto but the impact is also being felt on the stock market and other investments

This suddenly unexpected war is a chance for Bitcoin to prove that it is actually a a risk-on safe-haven asset. It's the first time for Bitcoin to do this in the chaotic time of European and the world. Such time does not occur too often and people will remember this time if they are Bitcoiners.

I am really sad to see what is happening in Ukraine with lots of innocent blood just because of the non-sense and stupid ambition of Putin. I do emphasize, of Putin and his dictator government that don't represent for Russians. We do see how Russians try to protest against the war but their voice is not listened by Putin and his dictator government. Thanks God, Putin started the war and it will trigger a massive internal war in Russia against him. He deserves it and I wish he will be beaten down by Russians one way or another. It's best for Russians without Putin, not only the Europe or the world.

[Woodie]

This Russia inversion is certainly going to trigger lots of things to either go up or down. Already in terms of oil prices these have started to go up all because of these guys and seeing the sactions being applied on Russia which includes swift and all prices of bitcoin could go down but am hoping it does not lead to this.

[skarais]

Bitcoin is always a speculative and volatile asset and to be honest, it's not first time Bitcoin has 30%, 40% correction, so please don't connect it with the war. The war itself has its impact on all markets but with Bitcoin market, if the correction is inevitably, it will occur by one reason or another which can be this war or another reason.

Why can't I relate it to war? If had I lived in two countries that were now at war then I would also consider selling my bitcoins regardless of whether it was a little or a lot because I think it is really unsafe for me to hold bitcoin in a warring area. We don't know how many Russians and Ukrainians tried to sell their bitcoin during this war and I'm pretty sure that has affected the price on a small scale. I know bitcoin has also lost its price since ATH is over 50% some time ago, so war is just another reason why the bitcoin market is experiencing a correction.

This suddenly unexpected war is a chance for Bitcoin to prove that it is actually a a risk-on safe-haven asset. It's the first time for Bitcoin to do this in the chaotic time of European and the world. Such time does not occur too often and people will remember this time if they are Bitcoiners.

I'm still optimistic about bitcoin, but what about people in the two currently warring countries if they have big investments in bitcoin. However there is always a big risk with this investment, you and I have different ways of doing good investment management for ourselves regardless of whether one can convince themselves that bitcoin is a safe haven of asset.

[pooya87]

Why can't I relate it to war? If had I lived in two countries that were now at war then I would also consider selling my bitcoins regardless of whether it was a little or a lot because I think it is really unsafe for me to hold bitcoin in a warring area. We don't know how many Russians and Ukrainians tried to sell their bitcoin during this war and I'm pretty sure that has affected the price on a small scale. I know bitcoin has also lost its price since ATH is over 50% some time ago, so war is just another reason why the bitcoin market is experiencing a correction.

You haven't been in a war or seen war up close. When the bullets fly you won't be thinking about liquidating assets. The only thing you would be thinking of is survival. Haven't you seen the long lines of cars in highways running west in Ukraine? In fact if anything people should have bought a lot more bitcoin so that they have a way to safely take their net worth with them out of the conflict zone. Their own fiat doesn't look like a good option as it dumped 8% over the past couple of days.

Apart from that Ukraine didn't have that big a volume to cause any disturbance in bitcoin market even if they all cashed out. Not to mention that price is back to almost $40k again despite the Capital, Kyiv being under attack today.
As I said in first page, this drop and the current market situation has not been anything more than market manipulation.

[Ozero]

War disturbs the world's everything every time. Honestly speaking, this war is going to be another black mark in this world if this thing gets big. If it is not stopped soon because of the advanced and powerful weaponry. And because of this war, not only in bitcoin but also in the economy, it is going to be the worst for the world. I think if other countries were trying to stop Russia, then Russia wouldn't be stopped for the simple reason that they have power. But if other countries take any steps against them, then we are going to face a huge economic downsoon. Simple, because Russia supplies almost 60% of the world's gas and oil needs. and it might be very dangerous to go against them. But at another site in Ukraine, they are really against Russia. I don't know what's going to happen next. This might be ridiculous. I really feel bad for Ukraine.

Well, let's laugh. During the first two days of a large-scale invasion of Ukraine, Russia lost more than 3,500 people killed and 200 captured, 102 tanks, 536 armored vehicles, 15 guns, 14 military aircraft and 8 helicopters were destroyed. This is the official statistics of the Ministry of Defense of Ukraine as of today morning. These are the largest losses in the entire existence of the Russian Federation. During the three years of the second Chechen war, Russia lost about 4,500 killed, and here 3,500 in two days and with so much military equipment destroyed.
Ukraine rebuffed the invaders in all directions, despite the fact that it was attacked from three sides, including from the territory of Belarus. I am now writing to the sound of air danger sirens as Russia uses ballistic and guided missiles, multiple rocket launchers and aircraft, fires large caliber from warships and has the ability to shoot through the entire territory of Ukraine.
But Putin's plans for a quick takeover of Ukraine have already failed. Each new day of the war turns against the Putin regime. They already understood this and were simply shocked by such powerful resistance. Ukraine will hit Putin in the teeth so that his head will fly off.
I see no need to sell my cryptocurrency. This war will not be long. Putin's regime will fall faster than the Ukrainians are afraid.