Seems like the market is impacted by Israel-Iran situation...

[Cryptoddler]

BTC was doing really well in terms of the price.

Israel-Iran situation is kind of getting out of hands at the moment.

It is time for another downtrend for BTC?

What is everyone thinking about the current situation.

[melinoe]

Instability always ruins market confidence.

We may see a downtrend for some time, but it will all be turned back to normal eventually.

[Ambatman]

What is everyone thinking about the current situation.

That we can do nothing but hold. And in the case of dip, find spare funds to buy the dip.
Geopolitical crisis affects all even gold at the initial stage
I won't be surprised if Real Estates in Israel and Iran has tanked.
The thing to remember is the dip has always being temporary and once a recovery starts
It's easy to miss if you are not already onboard the train.

[GreatArkansas]

Suppose that is really the cause of the downtrend of Bitcoin. I'd be buying more, and this is like a chance to give to other people who want to buy cheaper Bitcoin, because for sure this is just temporary.
We have already seen many similar scenarios like this before, and Bitcoin has just gone up after.

[buwaytress]

Tracking back from previous escalations, I don't think a 3-5% drop signals the market's on edge for full-scale war. Should point out that the bulls appear really patient too, not overreacting yet to these pullbacks, while bears seem aggressive and will not take much comfort that they couldn't dent price to sub 100k. Generally, all markets seem to be in this cautious but still optimistic mode.

[Oshosondy]

It is true that the market is significantly affected by the situation of things in Iran by Israeli but that is how bitcoin has been. You will see it fall during the start of a war and it will increase back to normal. It fell and increased back but still it is falling again as the war is escalating. Let us expect that the war will not last but even if it last, it will have have long term effect on bitcoin. Even if bitcoin fall than expected, it is just about bear market and not the war.

[Cointxz]

BTC was doing really well in terms of the price.

Israel-Iran situation is kind of getting out of hands at the moment.

It is time for another downtrend for BTC?

What is everyone thinking about the current situation.

Same when Ukraine-Russia war occur. The crypto market suffer a significant dip in the price since the global economy is affected by this war.

After few months crypto market already recovered while stock market is still in lows. People choose to invest on Bitcoin rather than stocks in times of uncertainty since they knew that it recovers quickly.

I believe same scenario will happen unless big country like US, Russia and China will interfere to make this war a large scale.

[Free Market Capitalist]

Instability always ruins market confidence.

We may see a downtrend for some time, but it will all be turned back to normal eventually.

Yeah, I'm not worried about that. Over the years I have seen many events that destabilize the markets, which is just a blip in the upward trend of the premium assets. Now the strong hands are taking advantage to fleece the doubters but if you go long term you forget about the noise and that's it.

[hyudien]

As long as whales and large institutions are not affected by the war between Israel and Iran, there will be no drop in the price of bitcoin and even if it does, it will be a temporary correction and it will recover, we know that bitcoin resilience has been proven, besides that its adopters are widespread all over the world and this is what balances the bitcoin market.
I will wait until the number where this correction stops and then buy it, that's what we should do right now.

[EL MOHA]

Geopolitical crisis affects all even gold at the initial stage
I won't be surprised if Real Estates in Israel and Iran has tanked.
The thing to remember is the dip has always being temporary and once a recovery starts
It's easy to miss if you are not already onboard the train.

Economical instability is definitely going to affect anything financial institution but this war has actually made me more reassuring about how the bitcoin market has been getting stable and stronger against news like this. I could remember in the past news like this usually sends bitcoin down to like 10% dip in a day and we would have been below $100k by now, but the market actually did dipped a little due to sentiment change on the first day the attack started but recovered back and since has been consolidating which shows that the current support is a strong one.

The last 24 hours dump has been as a result of the hack of an Iranian crypto exchange Nobitex reported to NF carried out by an Israeli and with the bitcoins stolen from there been burnt. This has actually inflicted little fear in the market and hence the reason for the dip. While it is causing weak hands to sale, it is the perfect time to accumulate more

[melinoe]

Instability always ruins market confidence.

We may see a downtrend for some time, but it will all be turned back to normal eventually.

Yeah, I'm not worried about that. Over the years I have seen many events that destabilize the markets, which is just a blip in the upward trend of the premium assets. Now the strong hands are taking advantage to fleece the doubters but if you go long term you forget about the noise and that's it.

Agreed.

People don't need to shake their bags only because there is a bit of red, because we need to understand why it's there - it's the full-on bear, just events that shake what investors think, and they return to business just as fast, if not faster..

[Die_empty]

Investors are scared of the war escalating. If the US enters the war, we might see more downturn because Iran might decide to block the Strait of Hormuz. If this happens, crude price might hit $100 per barrel. Inflation will rise and the stock market will feel the impact negatively. Investors might decide to invest in safe haven assets like gold instead of Bitcoin. But the market will always recover after some time..

[fikrett]

Investors are scared of the war escalating. If the US enters the war, we might see more downturn because Iran might decide to block the Strait of Hormuz. If this happens, crude price might hit $100 per barrel. Inflation will rise and the stock market will feel the impact negatively. Investors might decide to invest in safe haven assets like gold instead of Bitcoin. But the market will always recover after some time..

Crypto suffers because the bigger markets suffer - if investors pull off what's even bigger and more traditional, we all know what happens on our charts

But it won't be for long (hopefully).

[Z390]

Imagine if every Bitcoin holders and investors can just have the confidence to not worry? The market will stay the same like it doesn't care but that's impossible I guess since we all have our different minds, that's human for you after all.

[hero_the_bossman]

Imagine if every Bitcoin holders and investors can just have the confidence to not worry? The market will stay the same like it doesn't care but that's impossible I guess since we all have our different minds, that's human for you after all.

We always have some people with non-diamond hands.

And that's okay. The market is built for those as well as for those who are confident at any red signs.

[hd49728]

BTC was doing really well in terms of the price.

Israel-Iran situation is kind of getting out of hands at the moment.

It is time for another downtrend for BTC?

What is everyone thinking about the current situation.

Bitcoin is very good and strong while altcoins have been bleeding recent weeks. This market cycle is a hardest one so far in cryptocurrency market history as there have been very limited waves for altcoins. Nothing like altcoin seasons as a same as previous market cycles.

This war is a tip of iceberg that is used by market makers for dumping altcoinmarket and making altcoin enthusiasts very stressful and disappointed with truly big loss and max pain.

You can imagine what will happen with altcoins if Bitcoin is dumped or fall to a bear market. My prediction is much terrible performances of altcoins in bear market, but not because of the war.

[Maslate]

Even without this Israel-Iran war, btc downtrend will surely occur in the market due to its high volatility. However, the good thing is, btc price recovers eventually in time, regardless if there are any or no positive news or events that would impact the market. But it would be great if positive sentiments are there so that btc price will recover quickly.

Furthermore, looking at the current price, I don’t see any significant price drop happening there. It’s just a little markdown that will move upward any moment from now.

[Die_empty]

Imagine if every Bitcoin holders and investors can just have the confidence to not worry? The market will stay the same like it doesn't care but that's impossible I guess since we all have our different minds, that's human for you after all.

If this happens Bitcoin will not be profitable. The Bitcoin market is designed in a way that the weak hands will dump for strong hands to buy discounted coins.

Even without this Israel-Iran war, btc downtrend will surely occur in the market due to its high volatility. However, the good thing is, btc price recovers eventually in time, regardless if there are any or no positive news or events that would impact the market. But it would be great if positive sentiments are there so that btc price will recover quickly.

Furthermore, looking at the current price, I don’t see any significant price drop happening there. It’s just a little markdown that will move upward any moment from now.

This current volatility is caused by the escalations in the Middle East. Yesterday's price was better because there were slight indications that there might be a ceasefire. You are correct, there is no significant change in price.

[mindrust]

Israel is trying to take down the current Iranian regime. They do it because they rightfully think the Iranians had enough of that Mullah crap and won’t defend their current leaders in case an invasion takes place.

I once read that Iranians hate the US more than any country in the world and ironically, almost all of those haters also want to live in the US if they ever get a chance.

Bitcoin got affected by the recent events but hey, it is still above $100k and that’s strength. Bitcoin didn’t chicken out and lost 30% of its marketcap in a day. Maybe that kind of volatility is gone for good.

[franky1]

Instability always ruins market confidence.

We may see a downtrend for some time, but it will all be turned back to normal eventually.

bitcoins "normal" is instability.. stop trying to assert that geo politics is the cause of bitcoins volatility and realise bitcoin is naturally volatile