Effects of war on bitcoin

[bayu7adi]

Most of us believe that if there is a conflict, the price of Bitcoin and other cryptocurrencies will plummet. But that is not true, because in 2020, there is a global pandemic that severely damages our economy, but what happened in Bitcoin that time? Price hikes have caused an abrupt surge in the market, indicating that there is a lot of demand. As you can see from the chart, it reaches an all-time high. As a result, I believe that if there is a war, it may be beneficial or detrimental to crypto.

In my opinion, this is a form of self-preservation for some people who have failed to maintain their primary source of income from working. We know that during the pandemic, many employees were laid off by companies for various reasons. The number of employees in the world is very large, we can say that 80% of people in the world work for companies and we can call them employees.
Not everyone is fired, but almost everyone wants to get other sources of income to meet their needs. Many people see cryptocurrency as a savior to their concerns for additional income, so many people started buying cryptocurrency when the pandemic happened.

Meanwhile, when the war between Russia and Ukraine broke out, we realized that in the first few months since Russia announced the war on Ukraine on February 24, 2022, the BTC price tended to decline over time. Although this is not solely due to the war, we must realize that Russia has a significant role in the world of cryptocurrency. Do you think this price change is not caused by Russia's actions?

War affects the price of Bitcoin, depending on which country is at war.

[Ojima-ojo]

Most of us believe that if there is a conflict, the price of Bitcoin and other cryptocurrencies will plummet. But that is not true, because in 2020, there is a global pandemic that severely damages our economy, but what happened in Bitcoin that time? Price hikes have caused an abrupt surge in the market, indicating that there is a lot of demand. As you can see from the chart, it reaches an all-time high. As a result, I believe that if there is a war, it may be beneficial or detrimental to crypto.

You are right but the truth of the matter is, such global crisis will definitely affect the price of Bitcoin for a while before Bitcoin will build it liquidity around it to push it price above the situation resistant conditions, take for example, in the early stage of the 2019-2020 covid pandemic,  the price of Bitcoin and other digital assets suffered a price fall greatly, and if you can take the time to check the price chart at that time you will see that Bitcoin price fall significantly.

But then that does not stop Bitcoin from reaching and all time price in the same year due to the fact that, in the middle of the global crisis where there was a lot of restriction,  online payment become the only option and Bitcoin and other cryptocurrencies that offers trance border transfers become the best alternative in the middle of the economic and financial crisis that came along with the pandemic,  and that single reason pushed the price of Bitcoin to reach a new all time high due to high demands.

[darkv0rt3x]

Different countries issues is the reason why bitcoin is suffering price loss, when countries are not at peace with others, the whole nations suffered economic crisis, I remember when the price of bitcoin start going down was same season Russian x Ukraine start economy wars. Bitcoin seem to remained statics because of sentiments by this countries attitude towards the resourceful digital products that would have swim financial hardship.

In my opinion, the biggest problem is that energy prices can go up like crazy and if the technology doesn't keep up (both in efficiency and prices), maybe it gets too expensive to mine Bitcoin and small mining operations stop activity and then only major operations can keep their business. That can represent a bit more of centralization and that is not good.
But on the other hand, the network might eventually adjust difficulty and make it easier to mine blocks and eventually reduce the price of mining.

About the war and the effects on the network, it may have also 2 sides. Bitcoin can be as good as bad. States and governments like to have control over the population and in this sense, Bitcoin is bad. On the other hand, Bitcoin can help countries that are facing economic, political and financial restrictions to circumvent those same restrictions. So, as we say in my country, this is a double-sided knife blade in this scenario.

[panganib999]

Bitcoin will surely lose some value during times of great crisis, is what I would say in 2019, before COVID and that god-awful Territory wars within Ukraine and Russia. Judging those two conflicts and bitcoin's price during those periods, I would say that there's a good chance that it is going to rise up in value, after a really crazy drop of course.

Still, with no war of a global scale happening around today (And I hope not ever), we can't say for certain what's going to happen with btc. Some say the demand for it will drop down cause everyone's going to be so focused with keeping themselves alive and the cashflow running which makes sense, but at the same time the aftereffects of war (provided that a substantial amount of people are alive still and a good amount of them could use bitcoin) could also pose as a great way to jumpstart the economy and with it, introduce bitcoin as a bona fide currency.

[hZti]

Bitcoin will surely lose some value during times of great crisis, is what I would say in 2019, before COVID and that god-awful Territory wars within Ukraine and Russia.

Actually I would disagree with that statement for two reasons. For one the war in the Ukrainian has led to a high demand for safe assets like gold, usd, or also bitcoin. Secondly if there is a real multinational war then most currencies will go to shit within weeks. A multinational currency like bitcoin will largely benefit from that and become relevant quickly. This will however need more bitcoin acceptance points and also more education about bitcoin.

[mendace]

Different countries issues is the reason why bitcoin is suffering price loss, when countries are not at peace with others, the whole nations suffered economic crisis, I remember when the price of bitcoin start going down was same season Russian x Ukraine start economy wars. Bitcoin seem to remained statics because of sentiments by this countries attitude towards the resourceful digital products that would have swim financial hardship.

In my opinion, the biggest problem is that energy prices can go up like crazy and if the technology doesn't keep up (both in efficiency and prices), maybe it gets too expensive to mine Bitcoin and small mining operations stop activity and then only major operations can keep their business. That can represent a bit more of centralization and that is not good.
But on the other hand, the network might eventually adjust difficulty and make it easier to mine blocks and eventually reduce the price of mining.

About the war and the effects on the network, it may have also 2 sides. Bitcoin can be as good as bad. States and governments like to have control over the population and in this sense, Bitcoin is bad. On the other hand, Bitcoin can help countries that are facing economic, political and financial restrictions to circumvent those same restrictions. So, as we say in my country, this is a double-sided knife blade in this scenario.

Energy prices are already skyrocketing for a large part of Europe but the miners will not stand idly by, they know how to move and consider that you can always use renewable sources to mine, indeed that is precisely the greatest incentive in continuing to mine .

[drwhobox]

I believe that war has effect on the world economy heavily. The especially for Russia. Compared to Ukraine, Russia is fairly a big country and for that war the world economy along with bitcoin has direct impact. Also Russia mined a large amount of bitcoins. 

[death69]

Most of us believe that if there is a conflict, the price of Bitcoin and other cryptocurrencies will plummet. But that is not true, because in 2020, there is a global pandemic that severely damages our economy, but what happened in Bitcoin that time? Price hikes have caused an abrupt surge in the market, indicating that there is a lot of demand. As you can see from the chart, it reaches an all-time high. As a result, I believe that if there is a war, it may be beneficial or detrimental to crypto.

In my opinion, this is a form of self-preservation for some people who have failed to maintain their primary source of income from working. We know that during the pandemic, many employees were laid off by companies for various reasons. The number of employees in the world is very large, we can say that 80% of people in the world work for companies and we can call them employees.
Not everyone is fired, but almost everyone wants to get other sources of income to meet their needs. Many people see cryptocurrency as a savior to their concerns for additional income, so many people started buying cryptocurrency when the pandemic happened.

Meanwhile, when the war between Russia and Ukraine broke out, we realized that in the first few months since Russia announced the war on Ukraine on February 24, 2022, the BTC price tended to decline over time. Although this is not solely due to the war, we must realize that Russia has a significant role in the world of cryptocurrency. Do you think this price change is not caused by Russia's actions?

War affects the price of Bitcoin, depending on which country is at war.

War and strife, man, those words freak out investors big time. But when it comes to Bitcoin, do we need to sweat the small stuff?

In my book, the golden rule for solid investing is keeping your cool when things get rocky. Sure, conflicts and crises can shake up the market, but they can also pave the way for growth and innovation.

Look at Bitcoin, for example. Despite the past year's chaos, it's been crushing it, adapting to market shifts and nailing every challenge thrown its way. With more peeps hopping on the crypto train to safeguard their dough, the future's looking hella bright.

So, if you're biting your nails about the world's state, remember: there's always a silver lining. And with Bitcoin in your corner, the sky's the limit.

[AmoreJaz]

Different countries issues is the reason why bitcoin is suffering price loss, when countries are not at peace with others, the whole nations suffered economic crisis, I remember when the price of bitcoin start going down was same season Russian x Ukraine start economy wars. Bitcoin seem to remained statics because of sentiments by this countries attitude towards the resourceful digital products that would have swim financial hardship.

In my opinion, the biggest problem is that energy prices can go up like crazy and if the technology doesn't keep up (both in efficiency and prices), maybe it gets too expensive to mine Bitcoin and small mining operations stop activity and then only major operations can keep their business. That can represent a bit more of centralization and that is not good.
But on the other hand, the network might eventually adjust difficulty and make it easier to mine blocks and eventually reduce the price of mining.

About the war and the effects on the network, it may have also 2 sides. Bitcoin can be as good as bad. States and governments like to have control over the population and in this sense, Bitcoin is bad. On the other hand, Bitcoin can help countries that are facing economic, political and financial restrictions to circumvent those same restrictions. So, as we say in my country, this is a double-sided knife blade in this scenario.

Energy prices are already skyrocketing for a large part of Europe but the miners will not stand idly by, they know how to move and consider that you can always use renewable sources to mine, indeed that is precisely the greatest incentive in continuing to mine .

that is very true, it is like they have more reasons to go into renewable energy and the rising energy prices will be their inspiration to continue on this mining activity without the help of these energy companies. this is why some large mining companies are investing in renewable sources, deploying solar panels in their mining farm or maybe wind turbine. these 2 are the most popular renewable sources to be used by miners. and remember, solar panels are getting cheaper these days.

[mendace]

that is very true, it is like they have more reasons to go into renewable energy and the rising energy prices will be their inspiration to continue on this mining activity without the help of these energy companies. this is why some large mining companies are investing in renewable sources, deploying solar panels in their mining farm or maybe wind turbine. these 2 are the most popular renewable sources to be used by miners. and remember, solar panels are getting cheaper these days.

Not only consider that states like El Salvador have built a mining farm inside cointainers only for scientific purposes at the moment but using geothermal renewable energy...therefore they take the energy that would be lost to transform it into bitcoin...greate

[FUCKBSVFUCK]

In my country, the war is going on all over the world. It is a war that is taking place in the middle east and we are in a war zone right now. 
 
There are a lot of countries that are trying to get rid of the war and they are doing it because they are afraid of the war. 
 
So, what is the effect of war on bitcoin?

[usekevin]

Bitcoin is the economic tool like the Stock Market assets,So their will be some effect on the bitcoin during the war time.When we compare the Russian war on Ukraine,mostly the oil price had changed a lot.Because both the country based on the oil and they are oil exporters.The oil price is keystone of the economy,So it also had impact on the most of the goods prices.This also increased the price of petroleum products.The most of the commodities were influenced by the oil price variations.Due to oil price increases,most of the countries get into the huge inflation.As like stocks,the prices of the bitcoin had reduced a lot due to the withdrawal of funds from their crypto currency assets.

[posi]

In my country, the war is going on all over the world. It is a war that is taking place in the middle east and we are in a war zone right now. 
 
There are a lot of countries that are trying to get rid of the war and they are doing it because they are afraid of the war. 
 
So, what is the effect of war on bitcoin?

It depends on the war zone, I don't know what country you are from and why the war is happening. But if we take the example from the war between Russia and Ukraine, it will have some negative effects not only on bitcoin but also on the whole world economy, and bitcoin is a part of the economy, so it's hard to avoid. The war between Russia and Ukraine is not just a war between two neighboring countries, it is a war between the United States and its allies at war with Russia. Moreover, they are the countries that have a great influence on the world economy. It will be very different from wars between smaller nations.

[tjtonmoy]

There are many factors to watch out when it comes to Bitcoin price change.  Many things can affect the market.  Not just only wars, but also other things too. But yes, when some countries face economical problem, it somehow effects the Bitcoin market too. I guess it totally depends on sentiments of market.
When the war begins, many big holders in those countries choose to sell their Bitcoins in order to survive or some other reasons.  But the effect is temporary, as we have seen many times already.  Bitcoin has the ability to go to the bottom and then come back to the top.  Next halving or other reasons could start the next Bull Run.  So there is no need to worry about those facts.  All you need to do is hold. 

[Magic-Money]

The war effect contribute Bitcoin price down fall, as long they is war, it really affect the country economy, which we results less demand of Bitcoin, because Bitcoin price change by demand and supply, but Bitcoin we recover back sooner or later Bull Run we start and is the right time to invest in Bitcoin.

[Bitcoin_people]

Bitcoin price changes from time to time depending on the situation and no war effect here. The previous Russia-Ukraine war saw a drastic change in the Bitcoin market. In that case we can say that countries consider security in Bitcoin for their economic reasons and accept Bitcoin as an asset. The economy traded bitcoins from various countries on the battlefield, which led to an increase in demand and an increase in the value of bitcoins. No country wants them to go to war because in this case various economic and resources of the country are particularly affected. To make up for these losses, they use Bitcoin to meet inflationary demands during wartime. However, if the Bitcoin market goes up or down because of this, there is no war relationship or policy because the religion of the Bitcoin market is to rise.

[bitterguy28]

Different countries issues is the reason why bitcoin is suffering price loss, when countries are not at peace with others, the whole nations suffered economic crisis, I remember when the price of bitcoin start going down was same season Russian x Ukraine start economy wars. Bitcoin seem to remained statics because of sentiments by this countries attitude towards the resourceful digital products that would have swim financial hardship.

Not correct , because the war of Ukraine and Russia only put small effect in Bitcoin price but afterwards the value recovered so don't say that bitcoin starts dropping just because of that war.
though maybe if you will tell about worldwar? then that may bring big effect to the prices (but if this are going to happen in which I doubt in the sooner time)

[GreatArkansas]

Different countries issues is the reason why bitcoin is suffering price loss, when countries are not at peace with others, the whole nations suffered economic crisis,
(....)

For me, with or without war, Bitcoin is always a good use case for all geopolitical issues. Just think of an asset that no one can control and you can use it on most of the countries.
Bitcoin has the potential to be flexible in the face of geopolitical turmoil as a decentralized, global digital asset.

[crypticj]

I think the war surely influenced Bitcoin, but it goes down not because of the war.

Bitcoin is going down since 2021 and a lot of things happened since then. The pandemic was the hardest hit on Bitcoin and the consequences of the pandemic were a damaged economy and inflation which appeared because the government started to print money. So the economy already looked bad every before the way. But fur sure, the war has boosted inflation and damaged the world's economy even more.

But I think there is also a good thing for bitcoin. The war has shown people that banks can stop working and you will lose all their money. A lot of people started to use bitcoin to save their money, make transfers and donations to Ukraine.

[mirakal]

Different countries issues is the reason why bitcoin is suffering price loss, when countries are not at peace with others, the whole nations suffered economic crisis, I remember when the price of bitcoin start going down was same season Russian x Ukraine start economy wars. Bitcoin seem to remained statics because of sentiments by this countries attitude towards the resourceful digital products that would have swim financial hardship.

I believe that it will not significantly impact the overall crypto market since we are decentralized and not owned by a single country. Look at what happened in the past with China's ban on bitcoin. Although the market panicked, bitcoin eventually reached a new all-time high. Bitcoin and fiat are different; during times of war, fiat will suffer, but bitcoin will prosper. That's my take.