Iran strikes Israel. Crypto crashing heavily...

[The Hidebehinder]

I think that buying right as the dump ended was the best choice one could have done lately and anyone shorting the markets at start tomorrow will be in for a surprise, there are numerous of those exchanges in the past and nothing really happened, neither is willing to go to war and their neighbors won't side with anyone, nobody in that are wants a war, so we're talking about two armies that will just fight a proxy war for another decade.

As I type the price is 64 031, I am almost sure that my tomorrow a buy would have been the best action taken.

[Saint-loup]

I wouldn't say it's a crash, -4% in one day it's nothing for Bitcoin and it's even quite usual I would say. Moreover it's Sunday today so there is less liquidity on the market and prices are usually more volatile during week-end. It could be just a bear trap from few whales actually, we should be cautious. Bitcoin doesn't need central infrastructures in order to run unlike banks and it could be used by Iran to circumvent sanctions and to buy weapons and ammunitions for a possible war, so I don't think those news are really bad for its price to be honest.

[Ludmilla_rose1995]

as usual, speculators are taking advantage of the moment of this attack by Iran to play the market

and to be honest, things like this are used to happening, when the news about the current incident subsides, the price of bitcoin will rise again, apart from bitcoin, almost all altcoins have experienced a decline in price

the fluctuations that occur in bitcoin are a natural thing, especially since bitcoin is a centralized asset, without FUD and FOMO, the price of bitcoin will not move

[darkangel11]

There is nothing to worry as long as price of Bitcoin is over 60k$. We saw similar type of volatility back in Jan 2020 when Irani General Qasem Soleimani was killed by U.S. forces in Iraq. Price went down to 62k and has recovered back to 64k after news broke out that Iran has attacked Israel. Halving is just approaching, don't pay much attention to such dips rather HODL you Bitcoin tightly for the big meal.

There's nothing to worry about as long as you're not gambling with your bitcoin.
What's gambling? Leverage trading of course.
The crash wasn't caused by Iran or Israel. It was caused by people fooling around, risking a lot of money, especially risking it in shitcoins like PEPE that crashed a few times harder than bitcoin and these people who had leveraged positions often tried to defend them by selling other assets, which is an even dumber move.
Without shitcoin casinos like bitmex bitcoin would correct by 2% instead of 7 or 8.

[passwordnow]

I don't see any relevance of the attack to the market plunge. What I am more connecting and has making more sense is that the tax deadline in the US and many needs more money for them to pay for it and it's possible that the whales have cashed out their money from the crypto market so it had made this huge dump that we've got.

As I type the price is 64 031, I am almost sure that my tomorrow a buy would have been the best action taken.

If there is one character that we all like from Bitcoin, it's all about the recovery that it's showing. The resiliency that it has got can't be compared to any other asset that it may have an 4%-8% dump recently but it will recover and be back to its former. Right now, it has recovered $2k from the dip that it has got with this correction for about $62k and stays to $64k. Those that have caught the falling knives on the $62k as it seemed calm already at that point are in profit right now.

[The Cryptovator]

I don't care, actually. The crypto isn't related to any war or whatever. A war can't destroy Bitcoin anyway. But as we saw yesterday, Bitcoin was bleeding hard due to the to the Israel attack. It's just because of fear, nothing else. A large number of panic sellers liquidate their crypto to make cash. But I don't think it will last very long. I realised today that a dump  happened due to an attack when I saw the news. However, we can see Bitcoin starting to recover very well. And I hope a few positive news will surround us to make another pump. Likely, Hong Kong ETF approval will be soon, and halving is coming, which would be enough to make another pump. 

[nurilham]

I don't care, actually. The crypto isn't related to any war or whatever. A war can't destroy Bitcoin anyway.

You may not be really care because you know it well. But other people still panic because they have a general assumption that a war will impact on everything. I also sometimes a bit fear when the war is related to the countries which have many crypto users there. But this time, it is a war of Iran-Israel that have no big influence in crypto world. As far as I know, there are almost no big players on crypto in these countries.

But as we saw yesterday, Bitcoin was bleeding hard due to the to the Israel attack. It's just because of fear, nothing else. A large number of panic sellers liquidate their crypto to make cash. But I don't think it will last very long.

Agree. It is mostly caused by the fear. Or it is just a fear made by the media. In the fact, the drop seems caused by another factor. I also don't really believe if the war which makes the big drop in Bitcoin price. People who spent a lot of time in crypto, they mustn't do panic selling. We know if the halving is getting closer and the bullish time probably still lasts a long time. No reasons to sell crypto assets in hurry!

However, we can see Bitcoin starting to recover very well. And I hope a few positive news will surround us to make another pump. Likely, Hong Kong ETF approval will be soon, and halving is coming, which would be enough to make another pump. 

Even without positive news, I believe the drop won't last a long time. We have a halving in the near future. This may be enough to push the crypto prices increasing again. 

[Z-tight]

the fluctuations that occur in bitcoin are a natural thing, especially since bitcoin is a centralized asset, without FUD and FOMO, the price of bitcoin will not move

Centralized asset? Did you make a mistake there when you wanted to write decentralized.

as usual, speculators are taking advantage of the moment of this attack by Iran to play the market

I think so much importance has been put on this attack, and this has now created fud. I am sure some weak hands have sold their coins in the last 15 hours because of how much fud that has been created because of this attack and war in the middle east.

[uneng]

So far there is nothing to worry about, because Bitcoin immediately recovered its price right after the crash, returning to 64,000$, despite the 61,700$ dip. It was a good opportunity to buy cheap coins once again and investors didn't miss the chance, as we can see prices recovering already. Bitcoin is still bullish and that is great news to maintain the confidence of the market in high levels of trust and bullishness.

Moreover, Iran's missiles didn't cause any major damage to Israel, so it's unlikely we are going to see a counter-attack or escalation of the war for now, especially because USA asked Israel to not do so. However, at some point this war will inevitably happen, it's just a matter of time. We just got some extra breath for now, what can be precious time for Bitcoin to shine once again towards a new ATH.

Israel's next steps are still unknown, but it's just too dangerous for them to ignore the hostility of its neighbors from now on, as they proved to be ready to launch direct attacks without using allied terrorists groups anymore for that purpose. At same time, Israel's enemies have also spotted not every neighbors are willing to attack Israel, as we have the example of Jordan which played a very important defensive role yesterday.

Anyway, if Israel decides acting against Iran, we are likely to see another crash in crypto market.

[AmoreJaz]

I don't care, actually. The crypto isn't related to any war or whatever. A war can't destroy Bitcoin anyway. But as we saw yesterday, Bitcoin was bleeding hard due to the to the Israel attack. It's just because of fear, nothing else. A large number of panic sellers liquidate their crypto to make cash. But I don't think it will last very long. I realised today that a dump  happened due to an attack when I saw the news. However, we can see Bitcoin starting to recover very well. And I hope a few positive news will surround us to make another pump. Likely, Hong Kong ETF approval will be soon, and halving is coming, which would be enough to make another pump.

Bitcoin has been thru a lot of ups and downs throughout the years, and already encountered many political situations and yet, btc keeps on growing and spreading. This may be just another hurdle, but later on, it will pick up again and will start to increase again its price.
I don't think this is the end of bitcoin. How many times have people speculated that btc will face its end, and yet, the opposite happened. Worry if no one is mentioning btc anymore. That's when you need to be anxious about. But for now, just treat it as another challenge for this market. It will surely surpass this bottleneck in time.

[cryptomaniac_xxx]

I don't care, actually. The crypto isn't related to any war or whatever. A war can't destroy Bitcoin anyway. But as we saw yesterday, Bitcoin was bleeding hard due to the to the Israel attack. It's just because of fear, nothing else. A large number of panic sellers liquidate their crypto to make cash. But I don't think it will last very long. I realised today that a dump  happened due to an attack when I saw the news. However, we can see Bitcoin starting to recover very well. And I hope a few positive news will surround us to make another pump. Likely, Hong Kong ETF approval will be soon, and halving is coming, which would be enough to make another pump.

Bitcoin has been thru a lot of ups and downs throughout the years, and already encountered many political situations and yet, btc keeps on growing and spreading. This may be just another hurdle, but later on, it will pick up again and will start to increase again its price.
I don't think this is the end of bitcoin. How many times have people speculated that btc will face its end, and yet, the opposite happened. Worry if no one is mentioning btc anymore. That's when you need to be anxious about. But for now, just treat it as another challenge for this market. It will surely surpass this bottleneck in time.

As I have said in another thread, we do hate this war or what the geo-political arena is. But as far as the impact goes to crypto, might be minimal or no impact as well. Specially that we are in the halving year. Who would forget about the pandemic? it was just 4 years ago and that what's the biggest test to the world, everyone is affected by it, every religion, race and even opposing countries right now.

But it didn't deter the market, and we as usual experience a bull run and even push the price to $69k in 2021.

So just think about it and compare it to what is happening today, and for sure you can deduce that crypto is not going to be affected in the long run.

[nelson4lov]

I totally didn't see the Iran vs Israel war coming and wasn't expecting it to have a heavy influence on the crypto markets but it did. While prices were crashing, I took the opportunity to get Bitcoin as well as altcoins because market downturn such as the one we just saw don't come too often. It reminds me of a black swan event like the Covid-19 market crash or the 2022 FTX market plunge. While bulls have started to pick up where the bears left off, I'll be cautious of the market going forward as odds of an all out war continues to increases.

[Casdinyard]

The choices you put out here are fucking radical yo, I can't even make a sensible choice out of the options you put out lmao.

To me, there are only two outcomes that could happen because of this, one of which leading to World War 3 of course.

First option, and this is what we're currently expecting to happen, Israel would accept/intercept the attack and do nothing about it, US isn't in the best position to provide aid to Israel when it's got an election to deal with, and an economy that is being held together by two strands of hairs with split ends. US would pretty much give Israel the "that your fight you clown, not mine" approach which would then lead to Israel not making any militaristic moves against Iran. After all, they're the ones at fault in the first place, they killed an Iran ambassador even if it was accidental, and Iran had to show some power to tell everyone within the middle east that they aren't to be trifled with.

Second option, and even though this isn't the trend of what's happening right now, is still equally plausible as the first, Israel will launch an attack against Iran, which would then lead to these countries launching attacks against each other, signaling a major war in the west, and unfortunately if not deescalated in the nick of time, will eventually turn into a global war.

[GreatArkansas]

I totally didn't see the Iran vs Israel war coming and wasn't expecting it to have a heavy influence on the crypto markets but it did. While prices were crashing, I took the opportunity to get Bitcoin as well as altcoins because market downturn such as the one we just saw don't come too often. It reminds me of a black swan event like the Covid-19 market crash or the 2022 FTX market plunge. While bulls have started to pick up where the bears left off, I'll be cautious of the market going forward as odds of an all out war continues to increases.

Yeap,  same as what happened before with Ukraine and Russia, where we saw a huge dump on the cryptocurrency market. But after that, the market recovered.
So for me, we are bullish right now and what happened recently is just a shakeout or like a pullback only.

[philipma1957]

I don’t see a grind it out war.

Maybe we all calm down and Saturday was the worst of it.

 

[boyptc]

Maybe we all calm down and Saturday was the worst of it.

Bitcoin says that it's calmed down gives some up right now. $65,500 as of typing this but it's still far from what everyone is looking at before these incidents came.

I totally didn't see the Iran vs Israel war coming and wasn't expecting it to have a heavy influence on the crypto markets but it did.

I think that it's just a coincidence but things like this can be said to be relevant and has their own impacts to the market as it goes with the crypto world.

But what I have noticed is that it's on timing that the media points out that there's an influence from this war and the market timingly went to crash.

[criptoevangelista]

Man, they always say to go against the herd in every situation... if there are people selling, I'll be buying!

Iran sent a missile to Israel, and why me in the comfort of my home, am I going to sell my bitcoins for this? It's crazy.... Don't do that!

[Vincom]

I don't think that would be the main reason why the Bitcoin price crashed, it might have contributed a little but not the main factor.
Not only cryptocurrency price was affected, look at the stock market, it was also the same on the crypto market.

But instead, think about it when there's an opportunity to buy during deep rather than thinking negatively.

The escalation of the war could have a negative impact on the stock and crypto markets as investors are unsure of what will happen, while the gold price continues to rise as it remains the preferred reserve asset for thousands of years. I believe that war is one of the reasons for the drop in BTC price.

In addition to external factors, the internal cause of this price drop is the continuous price increase of BTC since the beginning of 2023. I believe that BTC price really needs to be re-accumulated and shift money to altcoins, otherwise we will soon have a new ATH and this cycle will end right in 2024 instead of lasting until 2025. A new ATH before the halving is something that investors are not ready for but it has happened, so the current slowdown and decline is really necessary for us to have a sustainable and strong uptrend in 2025.

[BD Technical]

I don't think that Iran attacking Israel will depreciate bitcoin and destroy Crypto.  But the situation is like this because the price of the stock market or other products that are available may increase because.  Many products in the world are supplied from Israel. Israeli products such as Coca-Cola have many powders as you can imagine.  Many flee national products that are imported directly from Israel.  Now the possibility of World War II has started because now Iran is on the side of Palestine again if you think that there are many foreigners on the side of Israel who are in America then it will start.  But in any case, may God protect everyone, may God bless everyone and may God bless everyone.  However, we can see how much of the currency or bitcoins you have on your holdings and your market value.

[NotFuzzyWarm]

yawn. Has had zero effect on BTC. OP is just another FUDster spreading their shit around