Bitcoin Survives the War Scare

[m2017]

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.

A short-term local conflict, which seems to have already ended with the conflict being stopped, should not be considered "hard times". These hard times will indeed come and let's see how resistant to external influences the bitcoin will be. I understand your enthusiasm for the current scenario, when the bitcoin has essentially proven to be unshakable, but let's evaluate the situation "not as a piece of the puzzle", but as a "whole picture". It seems to me that we will still have many opportunities to test the bitcoin for "stress resistance".

It has long been known that the investments of the bitcoin can be trusted. Look at the large investors who would not do this without the appropriate research and analysis. Also, in part, the money (located as an investment in bitcoin) of these institutional investors acts as a kind of guarantor of reliability.

[Zaguru12]

A short-term local conflict, which seems to have already ended with the conflict being stopped, should not be considered "hard times". These hard times will indeed come and let's see how resistant to external influences the bitcoin will be. I understand your enthusiasm for the current scenario, when the bitcoin has essentially proven to be unshakable, but let's evaluate the situation "not as a piece of the puzzle", but as a "whole picture". It seems to me that we will still have many opportunities to test the bitcoin for "stress resistance".

It has long been known that the investments of the bitcoin can be trusted. Look at the large investors who would not do this without the appropriate research and analysis. Also, in part, the money (located as an investment in bitcoin) of these institutional investors acts as a kind of guarantor of reliability.

I will agree that bitcoin wasn’t too stress during this period of war which was banging towards WW3 and a more serious broke out would have actually caused the market to dip. One thing I have actually been telling anyone or mostly investors is that I don’t believe that bitcoin wouldn’t fall during crisis periods most especially if it has to do with the world economy but that bitcoin would always go up after this crisis period.

Bitcoin over the years to me have faced crisis much impactful to the world economy than all this boarder wars and at the end of the day it usually gets back up, one big example is the pandemic that rock the entire world, most people thought it was the end for bitcoin but since then bitcoin has gone up massively. So personally for now I don’t see anything that will stress the market resistance, at worse now will be a 10% dip

[avikz]

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.

Everything is temporary - the war, the Bitcoin price, everything! So do not start thinking that war will have a long lasting impact on Bitcoin price. Rather, it can have a different effect altogether. In case of war, a lot of investor will look for alternatives like Bitcoins to protect their capital. So you may start seeing it's price increasing.

But whatever happens, are all temporary. Bitcoin may be the least concerned asset class if we get to see full blown war.

[Davidvictorson]

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.

Bitcoin has come a very long way and was War as well as other world issues don't affect it anymore. I like to theorize that maybe because of the entrance of institutional investors that is why bitcoin price it's almost not affected by this issues. I stand to be corrected but this is a theory that I hold in my head. Secondly, if they had been more than three Nations involved it is likely that, it may have affected bitcoins price strongly. Another likely theory of mine. I also stand to be corrected.

[Alpha Marine]

I kept saying it in different threads that people are overreacting and overestimating the effect of the war on Bitcoin. I remember a few days back when bitcoin went from $107k to $104k and people kept talking about how bitcoin might be affected by the war and dip even further, like it's a new thing for bitcoin price to fluctuate.

The market forces that affect the price of demand are people; they're not ghosts or spirits, and these people have grown to trust Bitcoin more, so they don't panic and sell off their bitcoin at every negative news like they used to.
I'm not saying it is impossible for Bitcoin to crash, but it will take more than an event like that to crash bitcoin at this point.

[fredericktaylor]

I will agree that bitcoin wasn’t too stress during this period of war which was banging towards WW3 and a more serious broke out would have actually caused the market to dip. One thing I have actually been telling anyone or mostly investors is that I don’t believe that bitcoin wouldn’t fall during crisis periods most especially if it has to do with the world economy but that bitcoin would always go up after this crisis period.

Bitcoin over the years to me have faced crisis much impactful to the world economy than all this boarder wars and at the end of the day it usually gets back up, one big example is the pandemic that rock the entire world, most people thought it was the end for bitcoin but since then bitcoin has gone up massively. So personally for now I don’t see anything that will stress the market resistance, at worse now will be a 10% dip

You are right, we have seen that Bitcoin has gone through various complications since its creation, When the whole world was in Restlessness due to the pandemic, people thought that the price of Bitcoin would drop completely, but Bitcoin is doing the opposite. Similarly, even if there is a temporary economic problem due to the war between Israel and Iran, it is expected that it will not have much impact on Bitcoin.

I have noticed that many people are criticizing that the war between Iran and Israel will have a significant impact on the price of Bitcoin. I will tell them that this idea is completely wrong, because if this war had an impact on the price of Bitcoin, the price of Bitcoin would have already fallen much lower, but the current price of Bitcoin is $106k, so it is not right to try to confuse them by talking about them in reverse.

[Fiatless]

I kept saying it in different threads that people are overreacting and overestimating the effect of the war on Bitcoin. I remember a few days back when bitcoin went from $107k to $104k and people kept talking about how bitcoin might be affected by the war and dip even further, like it's a new thing for bitcoin price to fluctuate.

The market forces that affect the price of demand are people; they're not ghosts or spirits, and these people have grown to trust Bitcoin more, so they don't panic and sell off their bitcoin at every negative news like they used to.
I'm not saying it is impossible for Bitcoin to crash, but it will take more than an event like that to crash bitcoin at this point.

The real gear was that the war would affect the crude oil price. And we all know that immediately, crude and gas prices increase, and inflation sets in. This might slow economic growth and discourage investment.  Iran threatened to close the Strait of Hormuz, which would have affected oil supply and maybe caused the price to hit $100 per barrel. 

In all these fears, Bitcoin performs excellently well. Its price didn't depreciate as many people forecasted.  I am just grateful for this ceasefire because a long war in the Middle East would have harmed the global economy, including the crypto industry.

[DeathAngel]

It was always going to survive the war scare. Bitcoin has been through worse & always finds a way back to recover & reach new highs. A prolonged devastating war with serious loss of infrastructure & lives could have caused a serious bear market in everything but that was always unlikely. Hopefully Bitcoin soon leaves this consolidation period behind us & we start entering price discovery.

[Patikno]

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.

What you said is true, actually similar incidents have happened many times, we can see that previous war news also affected the market, and especially affected the value of Bitcoin, but what happened was that Bitcoin was able to recover quickly, and if I am not mistaken, the recovery that Bitcoin is currently doing is faster than the previous incident, so this doesn't seem to affect Bitcoin too much. I think this all happened because Bitcoin has become the center of attention of many people, because we know that Bitcoin has become an institutional and state-level asset, so when Bitcoin experiences a decline in value, I think most people are no longer so panicked, and may even increase the amount of Bitcoin they have.

[Pandorak]

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.

The main cause of the decline this time is due to bad news involving Iran, Israel and now America trying to get into the death game. As a result, there was a panic in the market that led to selling by retailers and investors in order to minimize losses from the decline, but they forgot that Bitcoin has always survived over time, compared to now, Bitcoin has faced worse in the past when only a handful of people were new to it.

Here it is also important to understand the potential and benefits of Bitcoin in the future, in order to have a grip or trust in the assets held, on the other hand so as not to be too affected by current events.

[AbuBhakar]

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.

This means many were waiting to catch that dip. When bitcoin went below $100k, I thought the Iran-Israel conflict will start a delayed bull season. I thought price will dump more since $100k is a strong psychological support. But before that day ended, I was surprised that the price bounced back hard to even reach $105k. Many people trust bitcoin now and see it as a good investment, it's less volatile compared to before that a negative news really shakes the crypto market and doesn't recover that quick.

[Rustam Meraj]

You have made good point connecting current global events to Bitcoin behavior. While many from us worry about how conflicts will affect markets but Bitcoin quick bounce back to $105k after dip shows Bitcoin not just follow traditional market reactions. Some people even see it as safe investment when times are uncertain because they believe it is less controlled by governments or standard financial systems. But we know that crypto market can change much and even though Bitcoin did well this time its price is also shaped by things like economy and new rules, and how many people use it not just global conflicts. It is clear we trust Bitcoin as secure investment and its recent rebound does support that idea for many.

[Luzin]

But whatever happens, are all temporary. Bitcoin may be the least concerned asset class if we get to see full blown war.

Those of us who have seen it from the beginning will believe that. But those who are new, I think it's hard to shake the fear of Bitcoin price crashing. Temporarily bad conditions or good conditions are the best moments. We are able to take advantage of every moment to make a profit. If there is no such thing then I think we will find it more difficult to make a profit.

[Smack That Ace]

I have noticed that many people are criticizing that the war between Iran and Israel will have a significant impact on the price of Bitcoin. I will tell them that this idea is completely wrong, because if this war had an impact on the price of Bitcoin, the price of Bitcoin would have already fallen much lower, but the current price of Bitcoin is $106k, so it is not right to try to confuse them by talking about them in reverse.

Bitcoin won't collapse or disappear just because of the war between Iran and Israel but we can't deny that it has had short term effects on bitcoin. Bitcoin price fell as the war broke out and then dropped below $100k when news broke that Iran attacked a US military base in Qatar. Bitcoin only really recovered quickly to $106k when news broke that the two countries had reached a ceasefire.

When war happens, everything is affected and Bitcoin is no exception but there will be a difference. There will be assets that are severely affected and less affected assets.

[taufik123]

-snip-
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.

People who believe and know how Bitcoin works will definitely do so, but those who don't understand will panic and sell their holdings for fear of a crisis, even though Bitcoin will not be affected in an extreme way.
Because the sales that continue to happen end up creating a wave of panic when there is a war like the current one, but then it recovers quickly like nothing happened.


During the Russia Vs Ukraine war in February 2022, Bitcoin even increased because Bitcoin became the right place to fund the war without being detected and at that time Bitcoin rose by around +16%, but then some corrections occurred but only real and then recovered.
https://cointelegraph.com/news/bitcoin-price-stabilizes-and-rallies-amid-regional-conflicts-data-shows
And the conflict that occurred between Iran Vs Israel is now a pretty deep drop for Bitcoin, from the price of $109k down to $98k-$99k but the result rebounded and the rally back to the price of $106k++
https://cointelegraph.com/news/missiles-fly-bitcoin-holds-revealing-btc-s-strength-in-global-chaos

When the conflict peaked, the price of Bitcoin did experience a sharp correction but then recovered quite quickly, in fact, this could be a sign that this rally will be a strong rally for Bitcoin to reach a new ATH as has happened after the war between Russia and Ukraine.

[fruktik]

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.

Yes, this has already been discussed in another thread. No, the war between Israel and Iran does not affect Bitcoin in any way. It is not an asset that reacts to such events. Oil is a completely different matter. There is a direct connection here. Why are they trying to "pull an owl onto a globe"?

If this had any bearing, the price would have fallen quite a bit, but this did not happen. Bitcoin seems not to have noticed all this and is trading as before.

[xzone]

I am very happy to see how strong bitcoin is. Now everyone knows that we have an investment that is not affected by the markets much even when there is a war and continues to grow stronger. It is not easy to say the same thing for altcoins, prices continue to fall rapidly but even if bitcoin falls, it can still rise again.
If it continues like this, everyone will continue to switch to bitcoin because of dominance, everyone sees that it is best to make safe investments during wartime

[knowngunman]

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.

Of course, we can not refute the fact that the war affects the market movement but it wasn't as anticipated initially and again, it shows a sign of recovering even before the seize power was announced. Since the beginning of controversial war between Israel and Iran, we ought to have gone below $90k or even lower if it really affects the market. The market is always quick to react or being triggered by international issues in the same direction but this time was a bit different.

[Moreno233]

I'm surprised you used the word "survived" which seemed like Bitcoin was doomed as a result of the war. This is not the first time we are passing through this stage and it might even interest you to know that it is during the time of uncertainties that Bitcoin is supposed to do very well. Remember during the covid, how so many things went down but it was not long after that we saw Bitcoin flying to a new ATH in 2021. The decline in price that Bitcoin noticed was normal for a time like that and across several trader assets. Hope you noticed how fast the recovery was and not it is looking like Bitcoin is going to retest the ATH.

[Outhue]

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.

A little disagreement on my end, Bitcoin was able to recover because of the peace talk which have been finalised already, if truly the war escalated and US joined it would be disaster for Bitcoin and stock. In a country where most institutions investing heavily in Bitcoin are based? Are you joking?

While Bitcoin was dropping under 100k Black Rock was using millions to buy the dips up, they knew a peace talk will be initiated, if they had a solid information that US is really going to war they won't risk those millions on Bitcoin, trust me, Blackrock buying is how I knew too that the war isn't going to happen.

The US also stated that they never attacked or killed any Iran citizens that they only stop the warheads, it's not because they are in fear but because they also don't want the war to happen.