Bitcoin and international conflict

[oHnK]

And they would put the blame on bitcoin for those illegal activities which is also happening to fiat. The government and the media would just need to have someone to blame for.
But good things comes to bitcoin these days, everyone is starting to be delighted with what's happening on it because its decentralization is being known and people are becoming aware of this certain issue about privacy and the distinction of its usage for fiat and bitcoin.

Those who blame Bitcoin for brokering illegal activities are unclear and ambiguous.  Weak literacy in society should be strengthened.  But what the Government should think about is how such conditions can be reduced but not disturbing the users, isn't this one of the greatest achievements for them because of course the presence of Btc is an expansion of the international scene.

[noormcs5]

There's still that belief but it's just being portrayed by the media. Despite with the adoptions that we're seeing, they never fail to tell that it was once used for illegal transactions as if the fiat has never been used for it. But anyway, we can count on it that the perspective and view of the majority have been changing because bitcoin has been useful not just for individuals but also in countries that are experiencing and conflicts just like these two who has been closed with their transfers as the banks have frozen their operations.

Illegal activities are going on since the human life started, even today money laundering through fiat is a major concern worldwide. Just as fiat is double edge sword i.e. has both good and bad usage likewise BTC has both good and bad usage too. The only reason why BTC is facing criticism from governments is because they cant control its decentralized nature.
I would say for people of Ukraine, BTC is a safe heaven to store there assets till the time war is over. Everyone of us still need fiat for our daily livings. For war hit people, neither fiat nor BTC can lessen there miseries.   

The governments just use the excuse that with bitcoin  money laundering is easy and therefore it is an evil currency. Anyone tell them  when there was no bitcoin, were there no money laundering. Why do they forget that they could not stop money laundering through fiat money also. With bitcoin, everything is transparent on blockchain while there are many ways to use fiat without the knowledge of anyone.
The main reason for government to oppose bitcoin is that they cannot control it or print it to their benefit.

[NelfiNovita]

I understand what you are saying but people need fiat to pump into Bitcoin investment for that to happen and I see people saying that the Russia/Ukrian war is affecting Bitcoin but is this really the case?
I just wanted to check that highlighted question, is it really this present conflict that is affecting the price of Bitcoin and other cryptocurrencies, or is Bitcoins price going along the normal TA determined price.

I wanted to put this here first so that we can comprehend it from a wider perspective


but my focus is zooming in on a couple of days here, the green circle and arrow marked price still look like it is still trading along the resistance dotted redline around $39k+.


The market has been having little flash dips since before the war started and it is not different from what we saw with the Bitcoin price within the past few days. Not unless there is something else I missed I would say, Bitcoin is just having its normal market pattern and not under the influence of this Russia/Ukraine crisis.  

Yes, I also think the same as you said, the war that occurred in Russia and Ukraine did not affect the price of Bitcoin because there are still many other countries that hold very large amounts of bitcoin. From the graph I saw, it was time for the Bitcoin price to rise after a very sharp decline, this is what makes me believe that the Bitcoin price increase has nothing to do with the war between Russia and Ukraine.

[Ozero]

Why is bitcoin losing value at a time of conflict? Isn't it intended to do the opposite?

Pretty simple, if you're from a region that has conflict, you're better off with fiat than bitcoin so you trade that bitcoin for fiat and hopefully it would be enough for you to survive for awhile at least until the aides and help come which might take a long time because in a war, most resources are focused on offensive and defensive efforts of the country.

Now one of my friends lives in Ukraine, which is occupied by advancing Russian troops. He says that only paper money circulates there now. Banks have suspended their work and non-cash money cannot go. For the same reason, you cannot use cryptocurrency, since you need to cash out through your bank account. Maybe that's why this war does not affect the price of the cryptocurrency.