Bitcoin Survives the War Scare

[Haunebu]

Bitcoin has survived far worse than this skirmish and the OG BTC enthusiasts can explain how it withstood the test of time and will continue to in a precise manner. Personally, I can give one example in this context.

I remember way back in 2019 when the entire crypto market collapsed and BTC dove below $7k. I always knew that it would rebound well and look where it is now. It's all about belief in its core foundation at the end of the day.

[Questat]

That’s just how resilient bitcoin is, that even if you see its price going into dips, and you have sensed there’s no chances to recover again, still it will recover in time, even if the recovery phase is not that fast. This only proves that bitcoin, regardless of any traumatic global event, will stay as reliable and profitable it is, no matter how volatile it is.

Bitcoin has always survived those past wars, but what has not survived are those weak hands who easily get panic and sell their bitcoin at a loss.

[Omahabit]

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.

Many thought that the price of Bitcoin would fall a lot in the Iran-Israel war, but this war did not have much impact on the crypto market. However, after the United States attacked Iran's nuclear facilities, the price of Bitcoin fell quite a bit, but it quickly recovered. Since Bitcoin is unstable, it is normal for Bitcoin prices to go up and down. Now if you are investing in Bitcoin then there is no reason to worry, because the price of Bitcoin will continue to rise with time, now even though the price of Bitcoin falls a bit then it recovers quickly. But you may be worried about altcoins, because recovery is difficult if the price of altcoins falls. So if you are investing in Bitcoin then move forward with faith in Bitcoin.

I used to encourage one of my close friends that an investment in bitcoin for the long term as asset acquisition is very much profitable that even buying landed properties currently due to reasons of anonymity of wealth ownership mostly when one finds himself always in the company of greedy people, be it family members or close friends and associates. Also, because of the almost common breakout of crisis that could result into waring factions being brutal to each other all over the world and even within our locality, it has become imperative for any smart person with money to invest for the future, to acquire bitcoin for ease of access when one has got to quickly relocate to another place to save themselves from sudden breakout of crisis and other emergencies that may require quick wits and financial response to counteract.

The sudden price surge or drop in price is already part of the game or should i say the system of how the cryptocurrency market functions and any smart investor should learn to use this to their favor because whether we like to accept it or not, cryptocurrency is the new currency of the future that rhymes with emerging technologies and anyone not on its track will find it much more difficult later on when they intend to adopt new technologies or move to a new environment where it is widely accepted, use and a part of mandatory financial knowledge.

[goldkingcoiner]

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.

Bitcoin was designed to withstand.  

Although I do see a slight correction coming. Anything that goes up must come down. We are long past the point where a few whales could influence a panic sell-off that would lead people into a suicidal mindset. The more Bitcoin adoption, the more Bitcoin stability and the less volatility.

In the future we might be lucky to see a "dump" of a few percent within a week.

[Accardo]

We are long past the point where a few whales could influence a panic sell-off that would lead people into a suicidal mindset. The more Bitcoin adoption, the more Bitcoin stability and the less volatility.

In the future we might be lucky to see a "dump" of a few percent within a week.

Do you mean that no threat could bring back bitcoin at 60k mark? It appears so, but that's not certain, despite the strong involvement of government offices in Bitcoin, would they be able to withhold Bitcoin in a bear season to stay around 85k upwards? The next halving is in less than 3 three years, and the long red candle is yet to come for buyers to purchase more bitcoin. Unless it pumps higher that 100k is the bench mark for the bearish moves, but with $10k added to the 100k and the $105k price it's not strong enough to hold on to a serious shake on the market. Like a crypto exchange rugpull.

[Mame89]

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.

If we look at the bitcoin system and utility, bitcoin can go through any challenge and bitcoin remains unbeatable. Even if there is a war like yesterday, the price of bitcoin goes down, it is normal because many investors sell their assets because they panic because of fomo or fud and so on, but after that bitcoin will recover and go up again.

Because if we look at the history of bitcoin from the past to the present, when the global economy was uncertain it did not have an impact on bitcoin in the long term, the proof is that there are so many uncertain global economic turmoil and even crises such as the pandemic, the Ukrainian war and many more, but the impact on bitcoin was only temporary after bitcoin slowly recovered.

[Mehmet69]

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.

If we look at the bitcoin system and utility, bitcoin can go through any challenge and bitcoin remains unbeatable. Even if there is a war like yesterday, the price of bitcoin goes down, it is normal because many investors sell their assets because they panic because of fomo or fud and so on, but after that bitcoin will recover and go up again.

Because if we look at the history of bitcoin from the past to the present, when the global economy was uncertain it did not have an impact on bitcoin in the long term, the proof is that there are so many uncertain global economic turmoil and even crises such as the pandemic, the Ukrainian war and many more, but the impact on bitcoin was only temporary after bitcoin slowly recovered.

Yes, you are right. Bitcoin is a decentralized network, so no government or war can stop it. No matter what the world economy is like. Bitcoin sets its own price. Also, we know that Bitcoin is not just a price, it is a symbol of financial freedom. Every time Bitcoin has fallen, its recovery has been stronger.

So, there is nothing to worry about investing in Bitcoin. You can invest without any worries. Because patience is the real strategy when it comes to investing in Bitcoin.

[goldkingcoiner]

We are long past the point where a few whales could influence a panic sell-off that would lead people into a suicidal mindset. The more Bitcoin adoption, the more Bitcoin stability and the less volatility.

In the future we might be lucky to see a "dump" of a few percent within a week.

Do you mean that no threat could bring back bitcoin at 60k mark? It appears so, but that's not certain, despite the strong involvement of government offices in Bitcoin, would they be able to withhold Bitcoin in a bear season to stay around 85k upwards? The next halving is in less than 3 three years, and the long red candle is yet to come for buyers to purchase more bitcoin. Unless it pumps higher that 100k is the bench mark for the bearish moves, but with $10k added to the 100k and the $105k price it's not strong enough to hold on to a serious shake on the market. Like a crypto exchange rugpull.

No realistic threat. But going back to 60K is not unrealistic. It could be well within the boundaries of a correction and there is nothing wrong with that. Everything that goes up must come down at some point. But I draw the line at 50K to be honest. If we go down further than that then something is really wrong (I still would not sell though). It might just mean another crypto winter (with a hodler summer up ahead).

What I meant is that there is no more such volatility that we saw in the young days of Bitcoin, when we would go down 40% in a matter of hours. Such things will not happen anymore (unless something unrealistically bad happens).

[PX-Z]

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.

Just like everybody is saying even some observations articles, it happens when Trump announces the ceasizefire. As for this moment, Bitcoin price really is affected on such global happenings and some ralated news, it's not about Bitcoin only but crypto as a whole even Stock market is the same too.