Bitcoin Survives the War Scare

[Alpha Marine]

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.

The thing about Bitcoin is that we can't be certain of which way it will go. Don't be surprised if the increase in oil prices and inflation causes the bitcoin price to rise. We've seen instances where the bitcoin price increases alongside inflation, as people seek safe havens for their savings to protect them from inflation.
Bitcoin is a bit more unpredictable than the stock and foreign exchange markets. It just depends on how the public behaves. Will they run to Bitcoin in times of trouble, or will they run away from it? Lately, people have been running to Bitcoin. 

[Bastketsrus]

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.

Yeah, that bounce was solid. Shows Bitcoin can take the hits and still come back strong. It’s why so many trust it long-term, even in shaky times.

[MArsland]

In the short term we saw a panic response in the market but the price situation recovered and I agree that regardless of the conflict that occurred Bitcoin is still the only alternative that you can maintain and control anywhere without having to carry goods in the heat of war.

[bachrudinashari]

Bitcoin can handle shocks, but it’s not immune. The recent bounce shows resilience, but don’t mistake that for stability. It still reacts to many factors like regulations and economy, not just conflicts. Keep watching the bigger picture and be ready for volatility if you invest.

[BitBakerr1]

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.

You are very correct some set of people said surely this war between between Iran and Israel, plus US intervention will drop the price of Bitcoin and a lot of traders where just waiting patiently so it can drop and then they buy and wait for it to rise again and they sell and make there profit but that didn't happen, this is an evidence of what we always say that Bitcoin is trustworthy and reliable and nothing can happen to Bitcoin not even when there's war, this incidence has proven that all that was true.
I'm very sure when this war is over some set of people in Iran and Israel will see more reasons to save there money in Bitcoin, those of them that saved there money in Banks will in one way or the other be affected because the government may decide to bring a policy that will reduce there money in other to build all that was destroyed during the war, but those that have been saving there money in Bitcoin may come back after the war and meet there money being increased.

[Hewlet]

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 bitcoin always bounces back is something that tells of it potential but even at that, there is a possibility that in the even of serious war, it might eat bitcoin and every other asset real hard such that the DIP might be felt by all investor. the advantage is that regardless of the event that sweeps most sectors into disarray, bitcoin has always found it way back and has always remained strong amidst them all. it ability to always recover even when it goes down makes it even  better and arguably the best investable asset. any event that is capable of causing bitcoin to go really down must have swept the whole economic sector underground.

[kotajikikox]

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.

The decline in price, despite being very short lived, was an effect of the war already. It did not continue since well there was the ceasefire and by now we know how much investors are looking for every opportunity to enter bitcoin again.

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 you are still worrying about bitcoin now, I fear you lack confidence and trust. It has shown time and time again that it will be fine and it can recover. Do not fret.

[red4slash]

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 panic of some people made a slight correction but it did not last long because still in the end bitcoin survived and returned to their initial condition so there was nothing to fear in the end.

The previous correction condition will still be considered as a fairness because some investors seem to panic about what happened especially since geopolitics heated up a little earlier so it made the situation a little difficult to avoid.
But in the end bitcoin is still bitcoin where they will not be greatly affected and we can even see for now the movement is towards the positive again and it is important for them at this time not to be too provoked by temporary movements just because of unfounded panic lest they become their own loss because they cannot control themselves because of too much panic.

[tabas]

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.

I think that the correction shall take longer if there is no agreement on a ceasefire. We cannot deny that when the news about the ceasefire broke, the market recovered quickly. But that's not the point, though. You're right that whatever comes to the world and to the market, Bitcoin will stand firmly and will always be resilient to whatever is happening right now. Most of us who have been holding for years knew about that. And the newbies that has just experienced this are likely learning that Bitcoin is like this. No matter what happens, it recovers.

[DanWalker]

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?

My observation since the war broke out is that when the conflict broke out on June 13, the price of bitcoin dropped from $111k to $104k on the same day. Then, on June 22, the US announced that it had launched missiles at Iran's nuclear facilities and the price of Bitcoin continued to fall to $98k. Ultimately, Bitcoin only really rallied from $99k to $106k on the 24th when news broke that the two sides had agreed to a ceasefire.
Obviously, if the US officially gets involved and the war gets more serious, this would be disastrous for bitcoin and stocks. Bitcoin will have a hard time recovering if the war doesn't stop.

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.

That is a very good finding and I believe you. I will use this signal next time.  

[Solokan]

yes indeed when there is war on earth like Iran and Israel indeed many people panic selling btc at that time until there is a decline to less than $ 100k. but yes it is true now btc proves that it is a good and valuable asset so that when the price drops so many people buy it and of course do not want to waste the discounted btc price when it drops.

yes it is true of course now we don't need to worry about our investment in btc for the long term because of course when there are countries in conflict and war but btc of course the price remains good because it can continue to rise. and of course if the war and conflict have subsided, btc will certainly be even better and will certainly have great potential to rise even higher.

Source: Binance

today even btc really shows something good because it rose to its highest price of $ 108k and of course this makes many btc investors happy and of course those who panic sell btc at a low price at that time because there was a decline must regret it.

[criptoevangelista]

I keep wondering: why on earth would someone sell Bitcoin just because one nation dropped a bomb on another? How is that supposed to actually affect Bitcoin? I just can't understand the reason behind this sudden dump specifically related to this war... Are people really that weak-handed? Because honestly, it makes no sense at all to sell because of that.

[_BlackStar]

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.

Eventually everyone admits that bitcoin can be affected by war - but at the same time bitcoin can recover quickly like it is now. Some people became pessimistic when bitcoin failed to hold its support at $100K - but then the price gradually rose until we see bitcoin testing the $110K resistance again. The bitcoin market is affected by war in the short term - the same thing happened when the pandemic hit the world, but then the market came back excited and hit a new ATH.

Amidst the public's skepticism of the ongoing war - I remain equally optimistic about bitcoin. No plans to convert to fiat and secure it in other stores of value - but I have changed my stance a bit to not accumulating much and trying to diversify into other assets. Bitcoin is irreplaceable as a core asset in a portfolio - but it is wise advice to consider diversification.

[Obim34]

In the short term we saw a panic response in the market but the price situation recovered and I agree that regardless of the conflict that occurred Bitcoin is still the only alternative that you can maintain and control anywhere without having to carry goods in the heat of war.

It was only for a while, Bitcoin dropped down a bit but has recovered very quickly, just like the words from OP, the war going on won't have any long lasting effect on Bitcoin price, it came too quickly and left in the same approach. Bitcoin traded at $108K, so far the market has been greener and news are just part of speculations that make up Bitcoin volatile nature.

[SamReomo]

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.

Huge whales and corporate level investing companies understand that the bull run isn't finished yet and thus they won't let Bitcoin down at any cost because most of them have accumulated so much of Bitcoin during the $76k dump and their might now want to have at least 2x from that investment. I know there's possibility that Bitcoin might fall below $90k once again but that has very low to no chance and thus I would say that Bitcoin will survive those wars and it won't lose its value.

[Becassine]

I agree with SamReomo;

I believe more that whales and market makers are driving the market now. Some companies and other investment funds have invested so much in Bitcoin that they don't want it to dump now, or just enough to make a profit, but not significantly.

The percentage of "retail" BTC holders is very, very small; according to one study, they are only 4% worldwide. Their transactions are therefore very limited and have no impact on the market.

[Franctoshi]

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.

Even amidst the war between Iran, Israel and the United, after when the news broke that Iran has strike a retaliatory strike on US, Bitcoin was even going up in price regardless of that very news. When it seemed like it was turning into a full blown WWIII, there's no safe other heaven more than Bitcoin, because when WWIII eventually break out, even the local banks and fiat currency will be on the verge of collapse too.

[Reatim]

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.

you are right it’s obvious at this point that more people would be taking advantage of when the price declines

i know that i personally would buy more when it declines instead of spreading fud but now people also have learned

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.

people have definitely heard of how beneficial can bitcoin be to them in case of war so maybe some of them seek refuge in bitcoin

[Solokan]

In the short term we saw a panic response in the market but the price situation recovered and I agree that regardless of the conflict that occurred Bitcoin is still the only alternative that you can maintain and control anywhere without having to carry goods in the heat of war.

It was only for a while, Bitcoin dropped down a bit but has recovered very quickly, just like the words from OP, the war going on won't have any long lasting effect on Bitcoin price, it came too quickly and left in the same approach. Bitcoin traded at $108K, so far the market has been greener and news are just part of speculations that make up Bitcoin volatile nature.

it is true that the effects of the ongoing war do not have a long-term effect on btc. now of course for those who are experienced in investing in btc of course they will not panic with a situation like this because of the conflict between Israel and Iran, because in the past there have been so many conflicts and wars that have not caused btc to drop in price for a long time. yes I remember when the conflict between Russia and Ukraine but of course at that time even though the price of btc decreased, it was only for a moment.

yes now it has been proven that btc is a valuable asset and of course btc has been tested repeatedly by negative news but of course btc can still advance and increase in price and of course the decrease in the price of btc is often used as the right moment to buy for people who know about btc and of course right now those who bought btc under $ 100k at that time are certainly lucky now. now we just have to watch btc continue to rise and of course now those who sold btc because they panicked at that time will certainly regret seeing the price of btc rise again.

[GigaBit]

During the war, some people panicked and tried to sell Bitcoin, but those who were firm in their goals waited patiently. That is why we saw that when the price of Bitcoin went below 100k, it did not last long, but it rebounded again in a very short time. When a war starts, there is an increase anxiety in the preservation of assets, due to which the possibility of the value of assets like Bitcoin increasing to a greater extent. In war situations, people in at least the affected countries try to invest in projects like Bitcoin to protect their assets. As a result, it is natural that the price of Bitcoin will not decrease, but increase.