Long term effect of the Russia Ukraine war

[Jaephoenix]

Hello guys. I know we are all knowledgeable about the ongoing brutal war in Europe between Russia and Ukraine. Without venturing into the politics, what do you think the long term effect would be on crypto

[therozaq]

Hello guys. I know we are all knowledgeable about the ongoing brutal war in Europe between Russia and Ukraine. Without venturing into the politics, what do you think the long term effect would be on crypto

I have read many opinions about war effect between Russia and Ukraine.
I think war will have effect at many elements.
If the war will continue for several months again, I think It will effect in crypto currency too.
But fiat money is the first, will have bad effect.
Inflation or etc.
Hopefully war will end, and we are in peace.

[Jaephoenix]

Hello guys. I know we are all knowledgeable about the ongoing brutal war in Europe between Russia and Ukraine. Without venturing into the politics, what do you think the long term effect would be on crypto

I have read many opinions about war effect between Russia and Ukraine.
I think war will have effect at many elements.
If the war will continue for several months again, I think It will effect in crypto currency too.
But fiat money is the first, will have bad effect.
Inflation or etc.
Hopefully war will end, and we are in peace.

Its already affecting fiat. For example, the Russian rouble took a hit and got down 30% of its value. I don't know the current rate, but that was an all time low. And the government was taking measures to correct it via foreign exchange

[Vx1]

Russia is currently getting a lot of sanctions for invading the country of Ukraine, this makes many people in Russia move their assets to Cryptocurrencies. 
This is news I read on social media, it means more and more people are getting into Crypto because of this war and I think this is a good thing.
And for the long-term effect, Crypto will be widely used in the world, especially in Russia for buying and selling activities as well as trading and investing.

[mahadev]

I don't think about long term effect of Russia and Ukraine war, I think crypto will be fine and recovery again.
Although coinbase has blocked Russia users, but I don't believe it will have big effect.
War always have bad effect, but for crypto I think there no effect for long term.
Maybe at short term we will see several dump and recover again.
So let's buy when dump, crypro will grow up again.

[Fenix]

The results of Russia's aggression against Ukraine, of course, will be felt by a lot of states, but most of all by the warring countries, and especially Russia. As a result of the applied international sanctions, the flows of money and goods will be redistributed. Russia will find itself in almost complete isolation from the outside world, production will drop sharply, unemployment and inflation will rise significantly, and it will lose its superpower status. Russia will practically become a poor state. I think this will negatively affect the volume of circulation of cryptocurrencies there.
In Ukraine, although the infrastructure will be largely destroyed, since the war takes place on its territory, however, the international assistance provided to it will allow it to quickly recover.

[TomPluz]

Looking at things for the short-term basis, there can be some negative impact on the whole cryptocurrency market and it is because there will always be jitters when something at this magnitude can rock the whole world...and in my analysis the crypto industry can be following its reaction when Covid-10 started - as people are confused it would be reflecting on the market.

Now, having said that, the long-term effect may not really that bad because we can now see the many roles that cryptocurrency can be playing in a war or chaotic situation. We have seen how many people donated cryptos to help Ukraine battle it out against the Russia invaders and in Russia there is a big possibility the government can be allowing the use of crypto to at least minimize the impact of sanctions coming from everywhere.

Personally, I am really expecting that if there can be a big global problem, Bitcoin and the rest of the gang can be more attractive  for people as a safe haven as it would be so hard for any government to be confiscating cryptocurrency not unless you declare that you have one.

[trauchot]

I think that nothing bad will happen to cryptocurrencies, on the contrary, people should start investing in cryptocurrencies even more, and in general, there has been a lot of very good news about cryptocurrencies lately, so I think that nothing serious will happen to the cryptocurrency market, and indeed vice versa everything should be just fine.

[Jaephoenix]

Russia is currently getting a lot of sanctions for invading the country of Ukraine, this makes many people in Russia move their assets to Cryptocurrencies. 
This is news I read on social media, it means more and more people are getting into Crypto because of this war and I think this is a good thing.
And for the long-term effect, Crypto will be widely used in the world, especially in Russia for buying and selling activities as well as trading and investing.

Yeah. I think this makes some good sense. Considering the volume of trades on Russian and Ukrainian exchanges have pumped in recent weeks. This spells good for crypto at least

[Jaephoenix]

The results of Russia's aggression against Ukraine, of course, will be felt by a lot of states, but most of all by the warring countries, and especially Russia. As a result of the applied international sanctions, the flows of money and goods will be redistributed. Russia will find itself in almost complete isolation from the outside world, production will drop sharply, unemployment and inflation will rise significantly, and it will lose its superpower status. Russia will practically become a poor state. I think this will negatively affect the volume of circulation of cryptocurrencies there.
In Ukraine, although the infrastructure will be largely destroyed, since the war takes place on its territory, however, the international assistance provided to it will allow it to quickly recover.

I don't think Russia would go down economically so quick. I believe Valdimir Putin has some emergency economical measures already stashed up and ready to be unleashed. I may be wrong though

[TomPluz]

I don't think Russia would go down economically so quick. I believe Valdimir Putin has some emergency economical measures already stashed up and ready to be unleashed. I may be wrong though

Of course, you are right. Vladimir Putin will not stay on power for decades in Russia if he is not smart. Even a low-profile soldier in any army would always think of repercussions before making a big move much more invading another country. Putin has already projected that the first actions of countries not aligned with him is going for sanctions. Putin is always aware that oil can be weaponized anytime especially against countries like USA and Germany who have already shifted to green energy but still needing a lot of oil to make their economies hum with activities. I am looking forward for the Russian government to recognized and regulate cryptocurrency as one of the many ways they can go around with sanctions.

[Confero]

Hello guys. I know we are all knowledgeable about the ongoing brutal war in Europe between Russia and Ukraine. Without venturing into the politics, what do you think the long term effect would be on crypto

Actually when I talk about this war between Russia and Ukraine, I don't really pay much attention to what will happen to Cryptocurrencies. I just want this war to stop, because with this war many lives were lost. Lots of civilians died, lots of destruction everywhere. Many wives lost their husbands, many children lost their fathers... I am very sad to see this situation.

[Jaephoenix]

I don't think Russia would go down economically so quick. I believe Valdimir Putin has some emergency economical measures already stashed up and ready to be unleashed. I may be wrong though

Of course, you are right. Vladimir Putin will not stay on power for decades in Russia if he is not smart. Even a low-profile soldier in any army would always think of repercussions before making a big move much more invading another country. Putin has already projected that the first actions of countries not aligned with him is going for sanctions. Putin is always aware that oil can be weaponized anytime especially against countries like USA and Germany who have already shifted to green energy but still needing a lot of oil to make their economies hum with activities. I am looking forward for the Russian government to recognized and regulate cryptocurrency as one of the many ways they can go around with sanctions.

Economic sanctions are being weaponized and that is the only way the West can realistically tackle the Russian might without involving a third world war. But let's get away from the politics, please

[shadowdio]

In my opinion I think the crypto market will continue to fall because the economy of Russia will getting down and we know there are many investors in Russia so they will withdraw their cryptos.. If there is another country to join the war then I expect the massive dump of the market.

[Fenix]

In my opinion I think the crypto market will continue to fall because the economy of Russia will getting down and we know there are many investors in Russia so they will withdraw their cryptos.. If there is another country to join the war then I expect the massive dump of the market.

Most likely, this will be the case. However, only in relation to Russia. The imposed sanctions, together with the failures in the war with Ukraine, will very quickly destroy the Russian economy. The people will have no money, there will be no goods in the stores, but there will be unemployment, inflation, crime, alcoholism and other similar consequences. In this regard, people, if they can, will sell their cryptocurrency.
In Ukraine, although the infrastructure will be significantly destroyed by Russian missile and bomb strikes, the international community will help it quickly recover. The loss of cryptocurrency will depend on the duration of hostilities.
But this will have little effect on other countries. Therefore, the cryptocurrency market will continue to live its usual life.