Bitcoin and global tensions!

[Bravut]

A little context:
As I'm typing this according to article 51 of United Nations Charter, Armed Forces of Iran is responding to the terrorist attack on the Iranian embassy in Syria earlier this month by bombing Israel, a designated terrorist organization that has also been committing genocide in Gaza for the past 190 days.

Once again the weak hands in the Bitcoin Market are overreacting to the overly hyped up reports by mainstream media and panic selling their bitcoin. So far they've only caused a 9-10% drop which was also partly recovered by going back up to around $65k.
However, this raises the question of how suitable Bitcoin is in times of increased global tensions? This is while I wouldn't even categorize this as a significant tension, this is something that may not even last more than 24 hours. This is also happening at the time when both oil and gold are soaring due to the same increased tensions. By all logic bitcoin price should have soared over the past couple of hours instead of dropping.

In my opinion panic sells like this are telling us that the market has not yet reached the maturity that we'd hoped for but at the same time the fact that the size of the panic sell is not as big as what would have been 5-10 years ago says there is still some hope as we are on the right path.

The market will always remove the weaker hands. The panic sell is simply indicating that most persons don't still understand the value of bitcoin, and was only present just to make profit off the market.

During wars gold pump because more persons and governments save in gold as they consider it save, With time many people will trust bitcoin to save in during wars, gold and oil will keep soaring if this tension continues.   This is matter of trust, and more time for bitcoin to reach that stage of maturity. Still bitcoin has proven itself to be a valuable asset to invest in as a digital gold, this is just the time we buy more.

[1715468621]

1715468621

[1715468621]

1715468621

[1715468621]

1715468621

[1715468621]

1715468621

[Zanab247]

I can understand traders selling at a time like that, they are riding the FUD wave and would buy
back at the bottom or close to the bottom but yea weak hands and panic sellers will learn their
mistakes when they have to buy back at a higher price than they sold. It also means that those
people dont understand Bitcoin and or have very little faith in it.

There are some issues that will make some people to sell  just to overcome the issue in the society, and if they don't sell in that particular time, it will destroy so many things that will make them not to have access to BTC investment again.

Those that use to sell their BTC during the bear run, never you think they don't understand the BTC investment, but conditions  made them to sell because they know that there will still be another bear run that will make them to use the opportunity to buy and hodl.

Even though you want to sell your BTC during the bear market, Never you by mistake to sell all your BTC because it will make you to regret for the decision when the bull run finally occur in the market

[Kelward]

Knowledge is power and the informed individuals makes better decisions than ignorant people, so those who panic and sale their Bitcoin, when there's a crisis anywhere in the world and it affects price, are just ignorant of how Bitcoin works. Any investor that has the knowledge of bull and bear seasons in Bitcoin, will not worry when it's price begins to dip, instead they'll see it as an opportunity to accumulate more, if they have the money, because price will eventually have a correction and pump will begin. The best mindset for anybody that wants to invest in Bitcoin, is to think long term, not to worry about price volatility and speculations on the short term, because from research bull run will surely come and price will always reach new ATH.

[justdimin]

Knowledge is power and the informed individuals makes better decisions than ignorant people, so those who panic and sale their Bitcoin, when there's a crisis anywhere in the world and it affects price, are just ignorant of how Bitcoin works. Any investor that has the knowledge of bull and bear seasons in Bitcoin, will not worry when it's price begins to dip, instead they'll see it as an opportunity to accumulate more, if they have the money, because price will eventually have a correction and pump will begin. The best mindset for anybody that wants to invest in Bitcoin, is to think long term, not to worry about price volatility and speculations on the short term, because from research bull run will surely come and price will always reach new ATH.

It is just being able to afford to hold, and being aware of the market enough that it was temporary. Even if it turned into a war, that doesn't mean that it will mean something for the market. Have a look at both Ukraine/Russia war and also Palestine/Israel war, you are going to realize that we are going to end up nobody caring about it during the market movements and we have gone from under 20k to over 70k during both of those wars, so if we had Iran vs Israel as well then nobody would have cared about it eventually, and buying when it goes down because of it makes you a lot of money as well.

Thankfully we didn't end up with another war, but the price still went low a bit and people who has seen other wars and what it did to the market, didn't feel bad at all.

[AnonBitCoiner]

Most people still didn't see Bitcoin as their safest asset to hold, so they treat Bitcoin as trading, whenever it reach or down at certain price, they will sell/buy instead of holding.

Selling and buying Bitcoin at an accurate time to get profit is better than to miss the chance by holding it longer. I think everyone is thinking about their profit because no one wants to lose their money therefore the mind of everyone is different from each other.

It is necessary to buy lower and sell higher but the main target of selling is different for every individual so if someone is selling their Bitcoin with profit then I don't think that it's an unhealthy decision because the major purpose here is to maximize your money so there will be two options one will be holding and another will be selling at higher cost without holding further and both are suitable.