Iran strikes Israel. Crypto crashing heavily...

[adaseb]

Well it’s an unexpected turn of events. We all assumed when the figures open at Asian open that all indices would be down and oil would be  up. However the stock market opened flat. And then the crypto markets started to rally before stalling.

Since the US decided not to join the conflict directly, I guess it won’t escalate further. So there is some calm in the markets. Very stressful weekend of trading and many probably blew up their accounts.

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[avikz]

• Khamenei tweets about punishing Zionist regime: https://twitter.com/khamenei_ir/status/1779250053909028956
• Iran launches air attack on Israel
• Israel tweets about Sirens over Jerusalem: https://twitter.com/Israel/status/1779280619979030535
• Israel-Iran War Fears Suddenly Spark $500 Billion Bitcoin And Crypto Price Crash

What is next?

Crypto should see a positive impact! Gold should see a positive impact. Crude oil price will go up. Inflation hit countries are going to suffer even higher inflation. That's my takeaway from the recent conflict between Iran and Israel.

I see my country's stock market is bleeding since morning! While I am writing this post, it's continuing! Oil and oil refinery related stocks are really bleeding the worst today!

However, cryptos like Bitcoin and ETH should show a positive impact in a couple of days. When investors will pull out the funds from the stock exchanges, they will surely find a new way to invest. That's where crypto and gold will become the preferable choice for many!

[zabzob]

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

Agreed. This thread belongs half in politics forum, half in speculation. Anyway, Bitcoin has been fluctuating back and forth between low 70s and low 60s for weeks now, it's been back and forth like 5 times. Which geopolitical events caused the earlier dips? And as Bitcoin volatility goes, 70k-60k is pretty slight.

[Kakmakr]

Nope, I think something else is going on here..because political instability usually result in investors running towards safe havens and we all know that Bitcoin is seen as a safe haven.

I read something this morning about Miners dumping coins before the Halving, so that might have something to do with the fall in the price. (Most of the miner dumps were on OTC trading platforms)

[Nrcewker]

This is not new I guess. We have also seen the effect of war before also. Previous the war between two nations have hampered the growth of the coins. This time also it’s happening the same. Bitcoins fell down by almost 10k usd in less than 48 hours. From here predicting the flow of the coins will be really tough. Let’s see what happens now. If price goes down, then treat it as a an opportunity and buy the coins for cheap.

[NotATether]

Iran "strikes" Israel.... was actually just a bunch of rockets and drones, in the hundreds, almost all of which were shot down. So whatever that was supposed to achieve, this response can be considered a failure, I guess.

Why are people dumping crypto in this case? I don't know. Either way, true or false, you are a moron if you sell your coins because of politics right before the halving.

PS: I wonder why is Khamenei allowed to tweet but normal Iranian people can't. Hmmm.... he would be better spending his time buying all the crypto these traders are selling

[Frankolala]

Whatever was the cause of the dip will only affect bitcoin price for a short-term, we have experienced such dump before, and the price was able to bounce back. I believe that the dump in price, and Iran striking Isreal that took was a coincidence. It is a norm from past history that bitcoin price dumps before the halving.

Few months after the halving, bitcoin price will pump since the halving always trigger the bull run. This is the first halving that I want to experience, and I am watching patiently and DCAing. No need to panic and sell because there is a good price coming after the halving.

[legendbtc]

• Khamenei tweets about punishing Zionist regime: https://twitter.com/khamenei_ir/status/1779250053909028956
• Iran launches air attack on Israel
• Israel tweets about Sirens over Jerusalem: https://twitter.com/Israel/status/1779280619979030535
• Israel-Iran War Fears Suddenly Spark $500 Billion Bitcoin And Crypto Price Crash

What is next?

Crypto should see a positive impact! Gold should see a positive impact. Crude oil price will go up. Inflation hit countries are going to suffer even higher inflation. That's my takeaway from the recent conflict between Iran and Israel.

I see my country's stock market is bleeding since morning! While I am writing this post, it's continuing! Oil and oil refinery related stocks are really bleeding the worst today!

However, cryptos like Bitcoin and ETH should show a positive impact in a couple of days. When investors will pull out the funds from the stock exchanges, they will surely find a new way to invest. That's where crypto and gold will become the preferable choice for many!

If war really breaks out, things won't work as you say, look at the war between Russia and Ukraine, Gold is the only asset that benefits because it is always the safest haven. Investments like stocks and cryptocurrencies will be dumped as they are much riskier, especially crypto assets are listed as volatile and risky assets. But luckily there will be no war, everything is over and good news is about to come when Hong Kong approves ETF funds for both BTC and ETH. Therefore, there will not be a collapse or dumping as many people fear.

[Uhwuchukwu53]

Whatever was the cause of the dip will only affect bitcoin price for a short-term, we have experienced such dump before, and the price was able to bounce back. I believe that the dump in price, and Iran striking Isreal that took was a coincidence. It is a norm from past history that bitcoin price dumps before the halving.

Few months after the halving, bitcoin price will pump since the halving always trigger the bull run. This is the first halving that I want to experience, and I am watching patiently and DCAing. No need to panic and sell because there is a good price coming after the halving.

Yes there is no need to be afraid already such dump is not a new thing in the system it can only be New those who have not experience it it read about situation like this. My area of concern that may directly or indirectly affect is just the course of this Iran strike if it excalate to another point if isreal retaliation where the two nation will engage in full blown war it will affect all sector of the world economy based on Iran position among the largest producer of oil and some other fuel as some investors may be tempted to touched their investment on btc in order to tackle some challenges that may arise at the course if this war.

But if  peace keeping nation mitigate this issue by stopping anything that will leads to such excalation BTC will bounce back as usual, as this dump will not be of a thing to panic.

[mirakal]

Look at your calendar. Tax day is Monday here in the US. A lot of people are selling because they have to cover their tax bills. There is a drop (granted not usually this big) in a lot of markets every year around now. With all the ETFs out there now it's also probably not helping. Bought in somewhere in the 40K range sell in the 60k range. Pay bills and move on.

-Dave

I guess that’s more reasonable than OP’s point. I guess if such price drops have been happening every year around this particular date, then most likely your reason is valid. However, we can also tell that this is just another price correction that is bound to happen every prior to halving, bitcoin price may drop all of a sudden but it eventually recovers instantly so there’s really nothing to worry about it. And most likely, if the price may continue to drop consistently, I wouldn’t also be panicking about it knowing it could turn into another opportunity for us to continue doing DCA while the final bull run is still not happening.

[lixer]

This is not new I guess. We have also seen the effect of war before also. Previous the war between two nations have hampered the growth of the coins. This time also it’s happening the same. Bitcoins fell down by almost 10k usd in less than 48 hours. From here predicting the flow of the coins will be really tough. Let’s see what happens now. If price goes down, then treat it as a an opportunity and buy the coins for cheap.

Yeah, it isn't. These two countries are like a classic when it comes to wars. Given that wars are not a new thing, we already know what it can do to a country, world, and the things around it. Of course that already includes digital currencies like cryptos. Growth of the coins will get hampered during wars because people are busy running and saving their lives instead of buying a coin and they can even sell it because their physical cash can get left behind and they can't also operate the banks during these times.

Predicting is always hard but as long as the war is still there, the bearish period will also remain. For those who are far away from these countries, yes we still can continue doing our business which is by buying and stocking up more coins.

[LogitechMouse]

~
What is next?

Cryptocurrency will significantly increase in price in the next months.
For those who are hesitant to buy right now, take your money and go buy Bitcoin and other altcoins if you want. Trust me it will be worth it.

TBH, whenever I see negative news online, I'm happy. I'm not happy of course that 2 countries are fighting with each other, but I'm happy that it causes a negative effect on the market. Negative effect equals price correction and price correction equals another opportunity for us to buy Bitcoin at a much lower price. Take this opportunity if you want to double your money. Many might be panicking with the recent crash that's happening, but if you're into crypto for a long time, you know that this is just a normal scenario and in the long run, price will increase.

As for me, I will continue to buy Bitcoin until it reaches to a point where I feel that it isn't worth it anymore. I will sell all of my Bitcoins (or most probably) during the bull market. I will take this opportunity to buy more Bitcoin since I have some spare funds, and I hope all of us will take this opportunity as well.

[YUriy1991]

Few months after the halving, bitcoin price will pump since the halving always trigger the bull run. This is the first halving that I want to experience, and I am watching patiently and DCAing. No need to panic and sell because there is a good price coming after the halving.

At first glance, some analysis is needed regarding our investment journey when the situation is uncertain and that includes political conditions, global trends that technically also affect our investment performance.

I think the key lies in our ability to read and pay attention, especially when investing in BTC. If you use the basic principles of long-term investing, I think stay safe and fine. Of course, there is still a market but we can treat this as an opportunity to buy coins at low prices again.

Maybe better we just focus first on the halving moment that will soon come.

[kro55]

Whatever was the cause of the dip will only affect bitcoin price for a short-term, we have experienced such dump before, and the price was able to bounce back. I believe that the dump in price, and Iran striking Isreal that took was a coincidence. It is a norm from past history that bitcoin price dumps before the halving.

Few months after the halving, bitcoin price will pump since the halving always trigger the bull run. This is the first halving that I want to experience, and I am watching patiently and DCAing. No need to panic and sell because there is a good price coming after the halving.

Let's hope history repeats itself and you enjoy a meaningful bull season, but I also need to remind you that there is no 100% guarantee that there will be a bull season after the halving. Each period and stage will have different impacts, so don't be too dependent on the past and believe that everything will always repeat. This year we have war, inflation, world economic instability... and their impact on the market is inevitable, so don't be subjective and don't forget to prepare for yourself a plan B.

[Mame89]

Let's hope history repeats itself and you enjoy a meaningful bull season, but I also need to remind you that there is no 100% guarantee that there will be a bull season after the halving. Each period and stage will have different impacts, so don't be too dependent on the past and believe that everything will always repeat. This year we have war, inflation, world economic instability... and their impact on the market is inevitable, so don't be subjective and don't forget to prepare for yourself a plan B.

Agree with you. History will definitely repeat itself, only in a different way. Every time there is a problem that makes it difficult for us to predict when the bullish season will occur, we can be sure that the bullish season will definitely come, we just need to be patient. During the last halving, the price of Bitcoin was delayed because at that time we were hit by Covid. Now we will enter the Bitcoin halving period but it is a little hampered by economic problems and war, but I am sure history will repeat itself. Keep doing dca, don't panic when you experience a decline, because the impact of the current world situation will more or less have an impact on the price of bitcoin.

The price of bitcoin was a little depressed a few days ago but now it looks like it will return to normal. This may be due to a lot of panic selling following Iran's attack on Israel, which also caused a slight decline. But I'm sure Bitcoin won't be hit for too long after Iran launched drone and missile attacks on Israel a few days ago. So let's just say it's market manipulation. Why would a mediocre attack from Iran make people sell their Bitcoin? If anything, they should buy more. The recent downturn could be a profitable opportunity to buy and save for the future.

[Oshosondy]

There was a report that Israel has striked back.

Share Message - Israel-Iran live updates: Israeli missile has struck Iran, US officials say - BBC News
https://www.bbc.com/news/live/world-middle-east-68830092

Bitcoin again after the news decreased below $60000. But in the last 45 minutes, bitcoin increased above $65000. Presently at $64320.

[pooya87]

There was a report that Israel has striked back.

That was a fake news that funny enough all the big names like BBC, ABC-news, WSJ, etc. ran with.
Apparently journalism is dead and we only have FUDism these days

[Yaunfitda]

There was a report that Israel has striked back.

Share Message - Israel-Iran live updates: Israeli missile has struck Iran, US officials say - BBC News
https://www.bbc.com/news/live/world-middle-east-68830092

Bitcoin again after the news decreased below $60000. But in the last 45 minutes, bitcoin increased above $65000. Presently at $64320.

Not sure if this is true, but if it then why the price of Bitcoin goes up to now $65k? Is this due to the incoming halving, or the war itself has nothing to do with our market but it's that the news was just in the background and no one can stop Bitcoin from increasing pre-halving? Just 73 blocks away, less than 12 hours, and finally we will see the halving and it seems that we will be green at least this time. Let's just hope though that the war between Israel and Iran will not fully escalated into a ww3, perhaps just a show of each strength and teeth but nothing else so that lives will be save.

[Oshosondy]

That was a fake news that funny enough all the big names like BBC, ABC-news, WSJ, etc. ran with.
Apparently journalism is dead and we only have FUDism these days

The US said Iran has been attacked by Israel. Israel has said nothing yet about the attack. Iran is talking about explosive that no damage was done and they are investigating what it is or something. It is confusing and I believe in what you said. I do not think there is any aiming attack at all. But what I just also think is that the journalists will first believe in what US said but later the truth might be known.

Not sure if this is true, but if it then why the price of Bitcoin goes up to now $65k? Is this due to the incoming halving, or the war itself has nothing to do with our market but it's that the news was just in the background and no one can stop Bitcoin from increasing pre-halving?

What I noticed is that bitcoin does not want to drop below $60000. There has been a very strong resistance around that price. I even think some people that are selling are buying back around the price.

[pooya87]

That was a fake news that funny enough all the big names like BBC, ABC-news, WSJ, etc. ran with.
Apparently journalism is dead and we only have FUDism these days

The US said Iran has been attacked by Israel. Israel has said nothing yet about the attack. Iran is talking about explosive that no damage was done and they are investigating what it is or something. It is confusing and I believe in what you said. I do not think there is any aiming attack at all. But what I just also think is that the journalists will first believe in what US said but later the truth might be known.

What's funny is that the only war that is happening is in the media. What's even funnier is that Israelis don't even believe the fake news themselves
For example the funniest back and forth in my opinion was with Tasnim, the Iranian semi-official news agency that put the single-word tweet of minister of national security of Israel, Ben-Gvir on its front page. It said one word that translates into something like useless. Ever since then the fights between Zionists has gotten worse as now they are are attacking Ben-Gavir for his stupidity because he revealed how useless their FUD attempts was: https://tn.ai/3071452

In any case, Bitcoin is just experiencing the very common trend of being dumped right before halving which I doubt it has anything to do with what's happening in the media, even as a contributing factor. We have seen this trend in previous halvings too. After halving is done and possibly after a week or two we are going to start seeing rises again.