Sayeds56
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stead.builders
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April 17, 2024, 11:02:27 AM |
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For me I think both halving and the escalation of the war are the reason why Bitcoin price dip. If Israel hits back then we will see another big dip because that region is crucial for energy for many countries. The halving event is going to happen most probably by the 20th after that we might see a recovery if the war doesn't escalate otherwise we might see Bitcoin going to 50k level.
Basically, the having event should have positive impact on Bitcoin market as supply of new Bitcoins will be reduced to the extent of 50%, potentially boosting the price according to the principle of supply and demand, even if the demand remains same as it is nowadays. However, in case of escalation in regional tension in the Middle east, there is possibility that demand may come down drastically, in such a scenario market may crash. DYOR
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Jawhead999
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April 18, 2024, 03:35:30 PM |
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Global tensions will definitely affect the whole market, not just cryptocurrencies. So, be prepared when bad thing happens. The only asset that safe right now from the global tensions is gold, check https://www.investing.com/currencies/xau-usdBased on the update, Israel seems won't take a revenge against Iran, but we can't say it's safe yet because Russia vs Ukraine and Palestine vs Israel are still concerning.
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Hispo
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April 18, 2024, 04:24:03 PM |
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It could happen. I personally believe there is a posibility the conflict going on in the middle east could make investors not to feel as comfortable as they would with the cryptocurrency markets. Usually, conflicts like this one translate into a very important increase in the price of the oil internationally. Some investors who felt like investing in Bitcoin and Cryptocurrency in general could feel like closing their crypto positions and move their capital into the oil markets.
Anyways, I still feel there is a good enough opportunity for anyone of us to make some profits with cryptocurrency, but it would be also worth it to check on the daily news now and then, be careful on the signals of the market and how it reacts to possible escalations.
On a side note, I would not like to see further steps of the United States going into a hot conflict against Iran, it would be catastrophic for the world peace in general.
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goaldigger
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April 18, 2024, 04:24:29 PM |
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If this tension continues, we might see another drop and this will be the usual scenario every time there's a panic in the market regardless of the update. If Israel decided to fight back, and declare a war we have to expect for the worst, not just in cryptomarket but also in other market.
Let's hope that other countries will not take part on this as we are aiming for a big bull run this year, though for now the correction is necessary, we might see the market to pump again right after the halving, we'll see.
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electronicash
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April 18, 2024, 05:16:33 PM |
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If this tension continues, we might see another drop and this will be the usual scenario every time there's a panic in the market regardless of the update. If Israel decided to fight back, and declare a war we have to expect for the worst, not just in cryptomarket but also in other market.
Let's hope that other countries will not take part on this as we are aiming for a big bull run this year, though for now the correction is necessary, we might see the market to pump again right after the halving, we'll see.
from 70k down to 60k seem not a mini crash already but we are down to the oversold level in the daily chart. if it still doesn't bounce because it's all crashing despite the halving, everybody will sell hoping they can save before it dives 52k. Global tensions will definitely affect the whole market, not just cryptocurrencies. So, be prepared when bad thing happens. The only asset that safe right now from the global tensions is gold, check https://www.investing.com/currencies/xau-usdBased on the update, Israel seems won't take a revenge against Iran, but we can't say it's safe yet because Russia vs Ukraine and Palestine vs Israel are still concerning. weren't they threatening to hit Iran's nuclear facilities? it's been on the news just a day ago. and then Russia also backs Iran in this fight threatening US not to help Israel. this is why it's hard for this conflict to stop since they are already committed to hurting each other.
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andyou1234
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April 18, 2024, 05:18:52 PM |
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I think that will happen, based on experience when the Russian war attacked Ukraine, we saw that almost all coin prices experienced a decline, but things are different with other investment goods such as gold, the price of gold soared when certain countries were in turmoil. , maybe gold is one way to prevent friction from the amount of wealth we have, I think if we want to start investing in crypto now is the right time to start investing in crypto.
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Mate2237
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April 18, 2024, 08:36:55 PM |
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Please can you tell me some of the reasons what the war between Israel and Iran will affect the cryptocurrency market? Because as for me I don't see any effect or the war affecting the crypto market. Are the two countries are supporting the development of the cryptocurrency ecosystem or are they investing in it? I think Russians and Ukrainians were investing in Bitcoin and that was why when the way broke out it affected the cryptocurrency market at that time because those who were investing in Bitcoin were destabilized.
But I didn't see Israel and Iran in that manner that will affect the cryptocurrency community. Well nothing is impossible but I still doubt.
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Rengga Jati
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April 18, 2024, 08:50:54 PM |
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The markets have seen a mini crash since Iran attacked Israel the other day and I am just holding for now, haven't bought anything and haven't sold and just hoping we can start seeing the market go up over the next few months.
Any GFUD will definitely provide a boost to the market. Depending on how the market responds, if more and more people panic easily and engage in panic selling, then this crash condition will last even longer. But if it were the other way around, then that wouldn't be a problem. We have already faced quite the same situation in Russia and Ukraine, where both of them actually have a relationship with crypto that is bigger than this. So, if there is no excessive market response, it will be quite under control. It's just that, usually there will be other FUD and also some other news that will make the price of Bitcoin possibly drop again after the Halving, because the miners will also sell their BTC together. But on the other hand, many people already think that the Bitcoin halving cycle will actually repeat the history. So, make sure you don't panic sell during the next crash.
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btc_angela
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April 18, 2024, 09:09:38 PM |
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With the Bitcoin halving just days away we all expect bullish 2024 but just wondering how much this war will affect the rest of the year?
I was investing when Russia first invaded Ukraine 2 years ago and the markets crashed then but that was at the bottom of the bear market - will the markets hold stronger being in bull run or will they tank if the war gets worse and will we see less of a bull run?
The markets have seen a mini crash since Iran attacked Israel the other day and I am just holding for now, haven't bought anything and haven't sold and just hoping we can start seeing the market go up over the next few months.
Don't forget that we still have the incoming bull run, if this war happens on a bear market, I will assumed that it will have a huge impact. But since we are in a incoming bull run after the halving, the impact might not be that huge as others have projected. Just remember though that there is worst that happen to us, the pandemic which lock down everyone in our home and our countries suffered worst that war. Yes, people died, government tried their best to help everyone and now everything is still depleted and we still felt the effect of the pandemic and yet in 2020 a halving year, we have a breakout and then 2021's all time high. This is just a test for us and for sure we are going to pass it with flying colors again.
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electronicash
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April 18, 2024, 09:18:13 PM |
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The markets have seen a mini crash since Iran attacked Israel the other day and I am just holding for now, haven't bought anything and haven't sold and just hoping we can start seeing the market go up over the next few months.
Any GFUD will definitely provide a boost to the market. Depending on how the market responds, if more and more people panic easily and engage in panic selling, then this crash condition will last even longer. But if it were the other way around, then that wouldn't be a problem. We have already faced quite the same situation in Russia and Ukraine, where both of them actually have a relationship with crypto that is bigger than this. So, if there is no excessive market response, it will be quite under control. It's just that, usually there will be other FUD and also some other news that will make the price of Bitcoin possibly drop again after the Halving, because the miners will also sell their BTC together. But on the other hand, many people already think that the Bitcoin halving cycle will actually repeat the history. So, make sure you don't panic sell during the next crash. this is why it's hard to assume where the market trend is going because of the halving which we all expect to have an uptrend while the technical analysis is saying the price will go down. and the war which could break out easily when those leaders are trying to impress their citizens on how they will handle this tension. whether the halving could outweigh this tension to sustain the market because from 2023 to March 2024, we are having a good run-up.
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Essential10
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April 19, 2024, 09:29:01 AM |
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With the Bitcoin halving just days away we all expect bullish 2024 but just wondering how much this war will affect the rest of the year?
The markets have seen a mini crash since Iran attacked Israel the other day and I am just holding for now, haven't bought anything and haven't sold and just hoping we can start seeing the market go up over the next few months.
I don't think the war between the two countries will affect the fact that Bitcoin halving will enter a new bullish market in 2024. I think we are the ones promoting this issue. I don't know why everyone is explaining the fall in the value of cryptocurrencies with the attack of Iran and Israel. With only half a day left until the Bitcoin halving, Bitcoin price is slightly higher today compared to the past few days, so the market is bullish because of how the war between Israel and Iran is being issued. Before Bitcoin halving, A price drop is a normal occurrence these days, we should never despair of investing in Bitcoin around the ongoing war issue. I'm holding bitcoin like you, hoping to see a bull run at the end of the year, where Bitcoin will be reached $100K.
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JeffBrad12
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April 19, 2024, 10:01:55 AM |
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Please can you tell me some of the reasons what the war between Israel and Iran will affect the cryptocurrency market? Because as for me I don't see any effect or the war affecting the crypto market. Are the two countries are supporting the development of the cryptocurrency ecosystem or are they investing in it? I think Russians and Ukrainians were investing in Bitcoin and that was why when the way broke out it affected the cryptocurrency market at that time because those who were investing in Bitcoin were destabilized.
But I didn't see Israel and Iran in that manner that will affect the cryptocurrency community. Well nothing is impossible but I still doubt.
its probably just a psychological thing where people are afraid and thus the whole market gets affected it happened quite often, sometime the effect become the opposite too, for example when crisis hits certain country a year back if im not mistaken the market instead going up becasue people are trying to save their wealth by migrating over their investment including stocks, gold and so on which they deemed unsafe to bitcoin and it works wonder and that causes the price to rise. as for now, there's really hard to judge what the correlatino is but expect the market to behave dynamically this time around, after all, war is always a bad thing to happen. Just hope that peace come back and we can focus on the better thing that this world offers, for once and for all.
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justdimin
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April 19, 2024, 06:14:22 PM |
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its probably just a psychological thing where people are afraid and thus the whole market gets affected it happened quite often, sometime the effect become the opposite too, for example when crisis hits certain country a year back if im not mistaken the market instead going up becasue people are trying to save their wealth by migrating over their investment including stocks, gold and so on which they deemed unsafe to bitcoin and it works wonder and that causes the price to rise. as for now, there's really hard to judge what the correlatino is but expect the market to behave dynamically this time around, after all, war is always a bad thing to happen. Just hope that peace come back and we can focus on the better thing that this world offers, for once and for all.
Peace is all we want, peace is all what the whole world wants, aside from a few people. The entire war in middle east (or wars anywhere) are results of maybe maximum of 100 people, thousands and thousands of people die because of it, but it happens because of maximum of 100 people. These are politicians, some higher level soldiers who knows they will not be at the war, like generals and such, and these people from both sides, in any war, end up with getting others killed because they do not care about peace, they want war. This results with a lot of innocent people dying, and this is another one of them. Iran and Israel, I guarantee you, make a referendum and both nations will vote 90% not to vote at least, probably more, but politicians do whatever they want.
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lixer
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April 20, 2024, 06:03:53 AM |
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With the Bitcoin halving just days away we all expect bullish 2024 but just wondering how much this war will affect the rest of the year?
I was investing when Russia first invaded Ukraine 2 years ago and the markets crashed then but that was at the bottom of the bear market - will the markets hold stronger being in bull run or will they tank if the war gets worse and will we see less of a bull run?
The markets have seen a mini crash since Iran attacked Israel the other day and I am just holding for now, haven't bought anything and haven't sold and just hoping we can start seeing the market go up over the next few months.
Actually we already feel that bullish 2024 you are saying, so even if wars limit the bull, it's not going to hurt that much. The effect can be long-term or short-term depending also on the duration of the war. I know many wants to see a rising price more than the falling one, so we can only hope that the war will end soon and we definitely should because if it runs longer many lives are going to get affected outside cryptos, either directly or indirectly. I'm sorry about your past experience dude but is the history repeating again on your side? Ouch, however if you survived it last time, then I'm sure you can still do it again. I'm rooting for you ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) .
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God bless u
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April 20, 2024, 06:57:55 AM |
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With the Bitcoin halving just days away we all expect bullish 2024 but just wondering how much this war will affect the rest of the year?
I was investing when Russia first invaded Ukraine 2 years ago and the markets crashed then but that was at the bottom of the bear market - will the markets hold stronger being in bull run or will they tank if the war gets worse and will we see less of a bull run?
The markets have seen a mini crash since Iran attacked Israel the other day and I am just holding for now, haven't bought anything and haven't sold and just hoping we can start seeing the market go up over the next few months.
Look it can have a bigger impact if the war continues. This is because Iran is a big supplier of Oil to many countries and if it stops the supply there will be a major breakdown in the sector of power and it'll effect all other sectors as well. As far as crypto is considered it's not more of a dependent on these types of incident until and unless their effect is global. These techniques are used by many big fishes to distract people off the halving profits.
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AVE5
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April 20, 2024, 08:02:12 AM |
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We already have a precedent of what could happen when a war breaks out as what we've witnessed in the Russia - Ukraine. BTC was on the way to recovery if I remember correctly but it fell down sharply when the war broke out.
The market seems to be holding the line after Iran joined but I don't think we've seen the full extent of the regional conflict yet. The worst case scenario is other Islamic countries joining to fight Israel and its Western allies.
You're right. It all depends on the how long lasting of disputes and the latitudes of the regions that are concerned of crisis that's determined to have to how impacts they could proceed on bitcoin market price. Relatively, they could attain to either offer market increase or market decrease whereas it may either attract more investors as a case of war where physical or stable investments may be on hold as war threats or alternatively that investors may sell their assets to cover up their financial needs. So it's either it brings favour or disfavor to the bitcoin bull run as has been precedent.
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