Bitcoin Survives the War Scare

[stadus]

What’s happening right now doesn’t really affect Bitcoin. I’ve seen a few threads saying the current war between Iran and Israel, plus US intervention, could cause the market to collapse. And yeah, it kinda looked like it was going that way when Bitcoin dropped below $100k.

But look what happened -- it bounced back and is now trading at $105k. That just proves there’s nothing to worry about. Bitcoin can stand through tough times, and in fact, it’s something you can actually trust with your investment.

[Ambatman]

But look what happened -- it bounced back and is now trading at $105k. That just proves there’s nothing to worry about. Bitcoin can stand through tough times, and in fact, it’s something you can actually trust with your investment.

That's because a seized fire was announced. In the short term the war did affect Bitcoin which is not surprising
Collapse is a strong word. Like I usually say
Most people first reaction towards negative international news is to sell
Before they think back on what they are holding
Most times is by individuals that are init for the short term profit, Weak hands.

What I'm trying to say is, It does affect Bitcoin because price are influenced by investors sentiments
But only in a short term.

[Floxynice]

I think that one of the reasons Bitcoin is still standing undefeated is because people are beginning to become more confident in it. This is unlike years back when investors sold off their assets in panic due to FOMO or FUD. The situation is changing now, and it is indeed a good thing.

During this period of war, affected countries might experience some financial difficulties. This should be a signal for them to consider incorporating Bitcoin fully into their system.

[Felicity_Tide]

I noticed the decline after the US made their strike on Iran's nuclear site a few days ago. The market reacted the way it should, but bounced back for one reason I guess, and that's because the majority, especially investors, are not buying into their propaganda. If you remember, a similar decline occurred the moment the fight broke out at first, which made Bitcoin drop down to $101K if I remember correctly. Shortly after it bounced back despite the war and strike still ongoing.

The FOMO and propaganda is really making a negative impact, I can't deny to that fact, but I think the majority are not buying into it, so Bitcoin might continue to bounce back as long as it continues. I heard the cease fire just broke few hours ago, and both countries have resumed from where they stopped. We aren't buying into their stories this time, as we can boldly see what's happening.

[sokani]

Bitcoin is a speculative asset, so I do expect people to speculate on its future when events like this happens. Honestly, I was unperturbed by the market condition following US attack on Iran nuclear facilities. Since it was not bear season yet, I knew sooner or later, the market will bounce back and Bitcoin price is already retracting after dropping below $100k.

[nemesis_incarnate]

Bitcoin is a speculative asset, so I do expect people to speculate on its future when events like this happens. Honestly, I was unperturbed by the market condition following US attack on Iran nuclear facilities. Since it was not bear season yet, I knew sooner or later, the price of bitcoin will bounce back and it looks like it's already retracting after dropping below $100k.

Yep, short-term effects are like that: because the conflict deescalated as of now, investors think it's all fine and dandy.

We will see about that.

[Oshosondy]

Israel and Iran have ceasefire for now. Trump talked about it and bitcoin increased to $106000. But what OP said is still true because before the time of ceasefire talk, bitcoin was able to survive $98800 or so and increased back above $100000. But we do not know what will happen yet when the heat season begins.

[hyudien]

Same as when Ukraine vs Russia what happened to bitcoin? even though there is a decline bitcoin will return to its previous point so when the war between Iran vs Israel is going on now we don't need to panic because bitcoin has proven it before this incident. Always remember bitcoin will only be affected in the short term but in the long term nothing will be able to affect bitcoin.

[EFS]

I never understand why Bitcoin drops during times of war. In fact, it should increase in value during such periods just like gold. Bitcoin is now the digital equivalent of a precious metals. While transporting physical gold from one place to another is difficult, Bitcoin allows you to move money freely across the world. During the Russia and Ukraine war, many people were able to take their wealth with them when fleeing to other countries thanks to Bitcoin. More and more people are now recognizing these advantages and even during wartime Bitcoin doesn't experience significant drops anymore.

[yudi09]

What’s happening right now doesn’t really affect Bitcoin. I’ve seen a few threads saying the current war between Iran and Israel, plus US intervention, could cause the market to collapse. And yeah, it kinda looked like it was going that way when Bitcoin dropped below $100k.

But look what happened -- it bounced back and is now trading at $105k. That just proves there’s nothing to worry about. Bitcoin can stand through tough times, and in fact, it’s something you can actually trust with your investment.

There was already a war between Russia and Ukraine but the market did not have a significant effect on the price of Bitcoin. Continuing with Iran's war with Israel, the same situation also happened to the price of Bitcoin. The price drop to $98k occurred after the US intervention and even then it did not last long because it bounced back to the price of $106k.

For me this is an act of unvestors who have started to think well of Bitcoin and I think most people are starting to realize that Bitcoin is a safe asset to own because its storage is not like gold and other valuable assets when their country is in conflict like war.

[Gozie51]

Maybe we are going to have a real test on bitcoin if US should go into war (but I don't wish that to happen this time going forward) because from what we saw with the attack on Iran that changed the whole of the technical indices, causing price to dip and later recovered after seize fire was announced. It is a speculative currency but I think the most of what is still pushing Bitcoin high seems to be because the bull season is still locking around. I don't know what would have happened to the dip if we were half way gone with bear. Anyway, we are still watching what is happening in middle east and how price of Bitcoin reacts to it.

[Oshosondy]

I never understand why Bitcoin drops during times of war. In fact, it should increase in value during such periods just like gold. Bitcoin is now the digital equivalent of a precious metals. While transporting physical gold from one place to another is difficult, Bitcoin allows you to move money freely across the world.

I am also very surprised to see bitcoin drop during war, but if you check the Russian Ukraine war, bitcoin only dropped when Putin talked about Russia invading Ukraine. Russian soldier were very close to Ukraine at the border at the time and they invaded Ukraine immediately. After Putin speech, bitcoin dropped but not up to 12 hours that bitcoin increased back to the price it was falling from.

Bitcoin has been more prone to price fall to the war in the East Asia. I also do not know the reason for it, but now that bitcoin price is very sensitive to Trump and how United States is an ally to Israel and how people are fearing world war 3 has been the likely reasons. People are more about looking for Trump positive and negative news that can have effect on the market.

But if you noticed, if the negative news is coming from Trump, bitcoin will fall but later bitcoin will rise back as usual. I remember after the tariff trade war from Trump to almost all countries in the world and mostly about China, bitcoin fell, but late it increased and get to all time high. What I still see is that bitcoin is still proven to be a good asset.

About this political and society news, I am not afraid at all, I know they only have short term effect on bitcoin. The only thing that I am afraid of is the bear season. Maybe bitcoin will fall or not, but at least, bitcoin will still get to all time high after.

[Razmirraz]

Bitcoin price had weakened to below $100k after the US destroyed Iran nuclear facilities, the good news is that it is now trading back at $105k. The crypto market is very sensitive to geopolitics that cause uncertainty, if the conflict between Israel and Iran occurs for a long time, perhaps the price of Bitcoin could potentially fall back below $100k.
However, I am very optimistic that the decline in Bitcoin prices will not last long because large companies that hold large amounts of Bitcoin such as MicroStrategy will try to pump the price of Bitcoin back to above $100k. The ongoing conflict between the two countries can be used to buy Bitcoin for long-term investment, although the current pressure is very heavy, the fundamental foundation of Bitcoin is still very strong.

[Minor Miner]

Bitcoin has matured and become one of the top 10 most valuable assets in the world, and can now be considered a mainstream financial asset alongside other assets. Therefore, I believe the discussion about whether Bitcoin can survive after the war is no longer relevant.

Instead, what we should be concerned with is whether the world sees it as a safe haven or a speculative asset. But what is happening, it seems the world still does not consider it a safe haven like gold, it is still just a speculative asset and that is why it is dumped every time there is war, geopolitical instability...Bitcoin behaves more like the stock market than gold.

[Orpichukwu]

Bitcoin reacting negatively to war news is inevitable, but how quickly it will pull back has drastically changed over time. War no longer holds a strong thing on Bitcoin; it's just that there are those who panic too much over every little thing, and their panic selling pushes the market to react almost in an instant once war breaks out. The market is actually back and has regained full support, which many are saying is a result of the countries involved in this war ceasing fire, and there are rumours of a peace movement.

[BABY SHOES]

I never understand why Bitcoin drops during times of war. In fact, it should increase in value during such periods just like gold. Bitcoin is now the digital equivalent of a precious metals. While transporting physical gold from one place to another is difficult, Bitcoin allows you to move money freely across the world. During the Russia and Ukraine war, many people were able to take their wealth with them when fleeing to other countries thanks to Bitcoin. More and more people are now recognizing these advantages and even during wartime Bitcoin doesn't experience significant drops anymore.

Because many people still feel panic with the war situation... what they fear is where the price falls freely so that it becomes FOMO to sell it
During the time of the war, bitcoin did experience a decline, but after there was news of a ceasefire, it recovered faster without having to wait a long time, we saw the Ukraine and Russia war for several years, bitcoin was still able to reach its ATH record.

People should think like you, where when there is a war you just go without having to bring physical goods, while bitcoin can be carried anywhere easily without other people knowing, this is the advantage of bitcoin in critical situations during war.

[mindrust]

Same damn story every effing time and doomcallers always fall for it.

“The world is ending, were all gonna dieee!”

“This time it is different , this time it is real!”

The world didn’t and this time wasn’t different.

One more time those who panic sold their assets got fooled and those bought the dip made a fortune.

If you happen to sold your assets during the dip, this is your chance to smarten up. It happened to many of us before.

[FortuneFollower]

Same damn story every effing time and doomcallers always fall for it.

“The world is ending, were all gonna dieee!”

“This time it is different , this time it is real!”

The world didn’t and this time wasn’t different.

One more time those who panic sold their assets got fooled and those bought the dip made a fortune.

If you happen to sold your assets during the dip, this is your chance to smarten up. It happened to many of us before.

Yeah, scared hands will always be the backbone from which smart money will get their push going: we, as retailers, should try to do the same and try to go for the opposite of this FUD-end-of-the-world flow

[bitzizzix]

What’s happening right now doesn’t really affect Bitcoin. I’ve seen a few threads saying the current war between Iran and Israel, plus US intervention, could cause the market to collapse. And yeah, it kinda looked like it was going that way when Bitcoin dropped below $100k.

But look what happened -- it bounced back and is now trading at $105k. That just proves there’s nothing to worry about. Bitcoin can stand through tough times, and in fact, it’s something you can actually trust with your investment.

And I often comment when the price of Bitcoin drops a little bit, some people assume it is because of the war between Iran and Israel, plus the US intervention. Maybe the impact is small, but what we have to know is that Bitcoin has been through several wars and other conflicts. Bitcoin stands tall and there is indeed a slight drop, but I think it is just a healthy correction that is not something to worry about and will eventually go back up. And the insignificant drop may be because some investors sold it to find a safe haven but after it recovered they bought it back even investors who did not sell also bought it at a discount and this is what caused the price of Bitcoin to go back up which I think will continue to happen like this when there is a war or other conflict and Bitcoin has never experienced a significant drop which not long after went back up and continued to go up.

[Woodie]

What’s happening right now doesn’t really affect Bitcoin. I’ve seen a few threads saying the current war between Iran and Israel, plus US intervention, could cause the market to collapse. And yeah, it kinda looked like it was going that way when Bitcoin dropped below $100k.

I thought the effect of a war has the opposite effect which is push price up as people have fear over holding their wealth in stocks, banks etc and want to secure the bag by getting everything moved up into crypto.

Btw that USA ceasefire didn't hold, we still watching closely to see what happens ...

But look what happened -- it bounced back and is now trading at $105k. That just proves there’s nothing to worry about. Bitcoin can stand through tough times, and in fact, it’s something you can actually trust with your investment.

Maybe because the war has escalated as ceasefire seems to have failed and the worst could be coming...