Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: rby on October 02, 2024, 04:39:06 PM
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In the last 24 hours, Iran and Israel have been exchanging mass destructive and explosive shootings and that have affected the price of Bitcoin, Ethereum and other coins. Bitcoin have slipped to $61k which was a little over 2% of the price 72 hours ago while Ethereum also recorded over 5% reduction in price. Just like the mother coin BTC and ETH have been affected, the crypto market have been largely affected by the ongoing war between these two countries. Do you think the recent events is going to significantly affect the predicted bullish rise in crypto market this month of October and the rest of the year?
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It would be wrong to say that the effects of the conflict in the Middle East do not affect the price of cryptocurrencies, but I think that is not the only reason why we have a volatile market. We have to understand that some investors simply value volatility very much and do everything they can to make it as extreme as possible, because that way they can earn a lot of money in a very short period of time. They certainly use moments like the conflict in the Middle East to start FUD, although the fact that two countries about 1000 kilometers apart are firing ballistic missiles (most of which are shot down before hitting the target) should not affect the price of BTC too much.
The scale of the war in Ukraine is certainly several tens of times larger, and yet the markets adapted very quickly to that war to the extent that it became an everyday occurrence. Nevertheless, stories about a possible third world war are constantly present, especially if the US gets involved - but realistically, Iran is too weak for any serious conflict with Israel, which has the full support of the US.
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Do you think the recent events is going to significantly affect the predicted bullish rise in crypto market this month of October and the rest of the year?
Fundamentally, the impact of the bad news will last a short time only. It will never influence the price growth for the long run. So, I still believe we may see green market in this month if we have no other FUDs in the next few days. But if we have bad news again, the decline may continue for more days.
It would be wrong to say that the effects of the conflict in the Middle East do not affect the price of cryptocurrencies, but I think that is not the only reason why we have a volatile market.
The bad news really brings bad impact to the market, we can't deny it. Sure, it is also the reason why Bitcoin fluctuates. However, not every bad news gives significant impacts. Some of them just trigger the price of Bitcoin declining a bit for 1-3 days. I think this decline probably last in the first week of this month only.
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Do you think the recent events is going to significantly affect the predicted bullish rise in crypto market this month of October and the rest of the year?
Surely this has already affected the price of Bitcoin and ETH (actually the whole crypto for that matter) and we still don't know how long or how far will it lead to a bearish" mood but in my estimate this will not last long as I can see that soon enough there will be investors that will take advantage of this opening to buy more BTC. What is happening between Israel and Iran is just a temporary blip and in my analysis will not yet result into a global conflagration that can 100% affect everyone and everything. This is all in the minds of the traders and the fear of war is just imaginary. In the first place, Iran and Israel can blow each other up and Bitcoin will still be here but there is no question that geopolitical tension can directly change the course of any investment vehicle much more in the ever-changing cryptocurrency industry.
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Why is the bitcoin price falling when these kinds of things should be making Bitcoin go up?
Are these weak hands dumping all the assets to buy gold and crude oil? If so, that is quite illogical to sell one safe haven asset for another. Unless of course, your safe haven asset is no longer a safe haven!
Anyway, don't expect the strikes to stop any time soon. These two have bad blood between them.
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Why is the bitcoin price falling when these kinds of things should be making Bitcoin go up?
Are these weak hands dumping all the assets to buy gold and crude oil? If so, that is quite illogical to sell one safe haven asset for another. Unless of course, your safe haven asset is no longer a safe haven!
Anyway, don't expect the strikes to stop any time soon. These two have bad blood between them.
I think bitcoin price is falling because people expect risk assets to fall on a crisis. So every sells, buy usd with that money and they will try to rebuy at lower prices...
I think bitcoin should benefit from chaos, but not immediately. It will have its ups and downs...
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I don't know if the crisis in the middle east is directly responsible for the 'small' drop in price, a few people may be selling for that reason, but there are other events that could have triggered this too. However, we should still see a bullish October, as a lot of people have predicted, i don't think this crisis can have anything more than a short term impact.
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I don't know if the crisis in the middle east is directly responsible for the 'small' drop in price, a few people may be selling for that reason, but there are other events that could have triggered this too. However, we should still see a bullish October, as a lot of people have predicted, i don't think this crisis can have anything more than a short term impact.
"There are other events that could've triggered it" is very understandable because the volatility of Bitcoin is determined by several factors but it was believed that the way was the major cause. That being said, just like most Bitcoin investors, I'm also optimistic that October will be bullish but I'm just concerned if our optimism will be become a reality
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I don't think any of this war crisis affects bitcoin price or the current drop, it's pretty normal as a normal behaviour of bitcoin price. Well unless this happens on country where there are lots of bitcoin users like on mainland EU and in USA, El Salvador, or country where miners are located at, most probably bitcoin will have huge effect.
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Just like the mother coin BTC and ETH have been affected, the crypto market have been largely affected by the ongoing war between these two countries. Do you think the recent events is going to significantly affect the predicted bullish rise in crypto market this month of October and the rest of the year?
it depends wars all over the world has been going on for a long time now israel have been involved in this war for a year now but it is not the main factor that drives the crypto market so i do not think this recent news will affect the market too heavily most people think that there will be a lot of sell offs but people might want to use crypto to be safe and secure
if this war escalates more it might affect the market in the slightest and push the expected ath back but if it neutralizes we can assume good outcomes
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Certainly, the explosive situation in the Middle East had a negative impact on the cryptocurrency market and negatively affected all markets, especially oil. Of course, such news causes fear to spread and negatively affects all markets, leading to a drop in the price.
But on the other hand, the opposite can happen if the conflict intensifies and the circle of war expands, as people resort to buying safe haven currencies such as Bitcoin and gold to preserve the value of their money for fear of the inflation that accompanies these crises, and thus we may witness an increase in the price of Bitcoin as a result of increased demand.
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Why is the bitcoin price falling when these kinds of things should be making Bitcoin go up?
Are these weak hands dumping all the assets to buy gold and crude oil? If so, that is quite illogical to sell one safe haven asset for another. Unless of course, your safe haven asset is no longer a safe haven!
Anyway, don't expect the strikes to stop any time soon. These two have bad blood between them.
Buying digital assets makes more sense at these period than dumping on physical assets which can be destroyed by those raining missiles.
And there's no sign of any stop here, both keep retaliate each other while blaming each other and if they keep going like this and some countries take sides then this is going to pave the path for WW3 and if that happens then it's gonna be apocalypse.
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In the last 24 hours, Iran and Israel have been exchanging mass destructive and explosive shootings and that have affected the price of Bitcoin, Ethereum and other coins. Bitcoin have slipped to $61k which was a little over 2% of the price 72 hours ago while Ethereum also recorded over 5% reduction in price. Just like the mother coin BTC and ETH have been affected, the crypto market have been largely affected by the ongoing war between these two countries. Do you think the recent events is going to significantly affect the predicted bullish rise in crypto market this month of October and the rest of the year?
War doesnt help any thing grow, both humans and the market, but rather, it destroys what have been already built and achieved, thwarting growth and most times, return the people or the market centuries back.
If this two nations have a great influence in crypto, there is no way the ongoing war wont affect the crypto market, and if prolonged, it may likely abort what ever is known or believed to be a bull run that was supposed or would have happened or occurred either this month or some few months ahead from now.
It's really saddening that the countries of the world is so financially connected to the extent that when two countries war, it affects the financial market negatively, which is to say that the problem of two countries can actually escalate to become a problem for every country of this world if not settled at the grassroot, hope we don't arrive to this stage.
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In the last 24 hours, Iran and Israel have been exchanging mass destructive and explosive shootings and that have affected the price of Bitcoin, Ethereum and other coins. Bitcoin have slipped to $61k which was a little over 2% of the price 72 hours ago while Ethereum also recorded over 5% reduction in price. Just like the mother coin BTC and ETH have been affected, the crypto market have been largely affected by the ongoing war between these two countries. Do you think the recent events is going to significantly affect the predicted bullish rise in crypto market this month of October and the rest of the year?
This may not entirely affect the price though it might have some effect but to the extent where bitcoin will have to fall below the expected price. This month has just begun with some sentiment and could possibly change direction to something productive within next 2 weeks to come just as the month of September did, towards the ending part it shocked everyone with how the price suddenly increase making over +5 increase over the last 12-15 days.
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Certainly, the explosive situation in the Middle East had a negative impact on the cryptocurrency market and negatively affected all markets, especially oil. Of course, such news causes fear to spread and negatively affects all markets, leading to a drop in the price.
But on the other hand, the opposite can happen if the conflict intensifies and the circle of war expands, as people resort to buying safe haven currencies such as Bitcoin and gold to preserve the value of their money for fear of the inflation that accompanies these crises, and thus we may witness an increase in the price of Bitcoin as a result of increased demand.
Although the market performance may be influenced by geopolitical crises, I do not completely understand that Bitcoin is always used as an investment that can reduce risks like gold. It remains a very risky, even if one of the most promising instrument, though many conventional investors avoid Bitcoin and similar assets during crises because of their relatively short history and therefore, less proven stability compared to, for example, gold or government bonds. As with any other application, adoption of Crypto also depends on availability of electricity and internet . Internet and electricity in large wars I expect will be a rarity and hence unhealthy for utilizing digital currencies such as bitcoin and others.
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Although the market performance may be influenced by geopolitical crises, I do not completely understand that Bitcoin is always used as an investment that can reduce risks like gold. It remains a very risky, even if one of the most promising instrument, though many conventional investors avoid Bitcoin and similar assets during crises because of their relatively short history and therefore, less proven stability compared to, for example, gold or government bonds. As with any other application, adoption of Crypto also depends on availability of electricity and internet . Internet and electricity in large wars I expect will be a rarity and hence unhealthy for utilizing digital currencies such as bitcoin and others.
Yes, I respect your point of view, your words contain many important points, as for Bitcoin, it is true that it is fraught with risks due to fluctuations, but in the long run it has become acceptable to many companies as a safe haven currency in the long run because it has one upward trend in the long run.
As for your point about the possibility of losing electricity and internet during wars, it is true of course, but since the war is limited to a specific region only and is not global, this will not be a big problem in providing electricity and internet.
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Why is the bitcoin price falling when these kinds of things should be making Bitcoin go up?
Are these weak hands dumping all the assets to buy gold and crude oil? If so, that is quite illogical to sell one safe haven asset for another. Unless of course, your safe haven asset is no longer a safe haven!
Anyway, don't expect the strikes to stop any time soon. These two have bad blood between them.
I think it should go like that when there's crisis Bitcoin will rise but it's the opposite same as what happened during pandemic though that was for me acceptable because of massive deaths maybe investors are afraid their families won't benefit all their Bitcoin assets but this war thing for me I think some are dumping Bitcoin for Oil because that is what I see almost everyday on the news about oil prices it might be that there's a fomo going on right now with oil.
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I think it should go like that when there's crisis Bitcoin will rise but it's the opposite same as what happened during pandemic though that was for me acceptable because of massive deaths maybe investors are afraid their families won't benefit all their Bitcoin assets
many lost their jobs and had to depend on their savings to sustain livelihood the pandemic days were hard and horrible for a lot of us even the rich ones lost their sources of income so i understand that a lot had to pull some money from their investments
but this war thing for me I think some are dumping Bitcoin for Oil because that is what I see almost everyday on the news about oil prices it might be that there's a fomo going on right now with oil.
it seems like many sources of oil are planning in increasing their prices we can then expect for oil prices everywhere in the world to rise as well and this will be a domino effect where other living expenses would start to rise as well
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Although the market performance may be influenced by geopolitical crises, I do not completely understand that Bitcoin is always used as an investment that can reduce risks like gold. It remains a very risky, even if one of the most promising instrument, though many conventional investors avoid Bitcoin and similar assets during crises because of their relatively short history and therefore, less proven stability compared to, for example, gold or government bonds. As with any other application, adoption of Crypto also depends on availability of electricity and internet . Internet and electricity in large wars I expect will be a rarity and hence unhealthy for utilizing digital currencies such as bitcoin and others.
Yes, I respect your point of view, your words contain many important points, as for Bitcoin, it is true that it is fraught with risks due to fluctuations, but in the long run it has become acceptable to many companies as a safe haven currency in the long run because it has one upward trend in the long run.
As for your point about the possibility of losing electricity and internet during wars, it is true of course, but since the war is limited to a specific region only and is not global, this will not be a big problem in providing electricity and internet.
Bitcoin is very suitable for long -term holds and large investors have already done it and now we also see large companies that have started investing in Bitcoin. Although fluctuating but every 4 -year silus always reaches a new ATH.
War only occurs in certain areas, if we discuss electricity and internet that died during war, but war will also have a negative impact on crypto prices.
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Although the market performance may be influenced by geopolitical crises, I do not completely understand that Bitcoin is always used as an investment that can reduce risks like gold. It remains a very risky, even if one of the most promising instrument, though many conventional investors avoid Bitcoin and similar assets during crises because of their relatively short history and therefore, less proven stability compared to, for example, gold or government bonds. As with any other application, adoption of Crypto also depends on availability of electricity and internet . Internet and electricity in large wars I expect will be a rarity and hence unhealthy for utilizing digital currencies such as bitcoin and others.
Yes, I respect your point of view, your words contain many important points, as for Bitcoin, it is true that it is fraught with risks due to fluctuations, but in the long run it has become acceptable to many companies as a safe haven currency in the long run because it has one upward trend in the long run.
As for your point about the possibility of losing electricity and internet during wars, it is true of course, but since the war is limited to a specific region only and is not global, this will not be a big problem in providing electricity and internet.
Bitcoin is very suitable for long -term holds and large investors have already done it and now we also see large companies that have started investing in Bitcoin. Although fluctuating but every 4 -year silus always reaches a new ATH.
War only occurs in certain areas, if we discuss electricity and internet that died during war, but war will also have a negative impact on crypto prices.
Saudi is gradually adopting crypto. the location of this country is right between the two warring country which definitely makes them part of the battle field, geopolitics tension always affect every assets. the tension also is spreading where allies of these 2 countries are about to tap and join this war.
if it escalates to ww3 the more prices plummets to the ground. this isn't what we wanted of course but world leaders are supporting and sending weapons so there is really a chance of making this war wider.
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~ Do you think the recent events is going to significantly affect the predicted bullish rise in crypto market this month of October and the rest of the year?
It seems the market shock caused by the increased tension in the middle east has already been absorbed as BTC is up to $62K. This is to be expected but it's much faster than what I had anticipated. If Iran starts sending new rounds of missiles or if Israel invades them, crypto prices will most likely swing again.
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It seems the market shock caused by the increased tension in the middle east has already been absorbed as BTC is up to $62K. This is to be expected but it's much faster than what I had anticipated. If Iran starts sending new rounds of missiles or if Israel invades them, crypto prices will most likely swing again.
Issues like this are indeed very easy to affect the crypto market. and in just a few hours it can drop drastically. It's just that, indeed on various occasions, this is something that is awaited by holders who make purchases at lower rates. At least, they can get a cheaper price. but of course, this also has its pluses and minuses, especially for short-term holders or traders who want to take profits but have to wait for the market to improve again in a time that may be quite long.
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Saudi is gradually adopting crypto. the location of this country is right between the two warring country which definitely makes them part of the battle field, geopolitics tension always affect every assets. the tension also is spreading where allies of these 2 countries are about to tap and join this war.
if it escalates to ww3 the more prices plummets to the ground. this isn't what we wanted of course but world leaders are supporting and sending weapons so there is really a chance of making this war wider.
As for Saudi Arabia, there is a bit of openness to cryptocurrencies, but not as much as the UAE, which is located next to it. Since I am from that region, I know the impact of these two countries on cryptocurrencies and the economy in general.
Saudi Arabia's biggest impact is in the field of oil, not in the field of cryptocurrencies. Saudi Arabia and Iran (in addition to Venezuela) have the largest oil reserves in the world, and since Saudi Arabia and Iran are located in the Middle East, it will have a very large negative economic impact in the event of a war. There will be a real energy crisis in the world and it will cause prices of materials to go up insanely. In addition, of course, to the decline in the prices of fiat and cryptocurrencies.
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It seems the market shock caused by the increased tension in the middle east has already been absorbed as BTC is up to $62K. This is to be expected but it's much faster than what I had anticipated. If Iran starts sending new rounds of missiles or if Israel invades them, crypto prices will most likely swing again.
Issues like this are indeed very easy to affect the crypto market. and in just a few hours it can drop drastically. It's just that, indeed on various occasions, this is something that is awaited by holders who make purchases at lower rates. At least, they can get a cheaper price. but of course, this also has its pluses and minuses, especially for short-term holders or traders who want to take profits but have to wait for the market to improve again in a time that may be quite long.
for those who have large capital can take advantage of this, because they can buy at a lower price. when iran attacked israel we saw the market swing until the bitcoin price dropped to 58K, then back to 62K, I thought it would last a long time it turned out that the bitcoin price recovered. We do not know the continuation of this war, because there could be another attack from iran or vice versa israel will retaliate and we will see the bitcoin price will drop again and if this lasts a long time, we should forget about ATH this year.
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It seems the market shock caused by the increased tension in the middle east has already been absorbed as BTC is up to $62K. This is to be expected but it's much faster than what I had anticipated. If Iran starts sending new rounds of missiles or if Israel invades them, crypto prices will most likely swing again.
Issues like this are indeed very easy to affect the crypto market. and in just a few hours it can drop drastically. It's just that, indeed on various occasions, this is something that is awaited by holders who make purchases at lower rates. At least, they can get a cheaper price. but of course, this also has its pluses and minuses, especially for short-term holders or traders who want to take profits but have to wait for the market to improve again in a time that may be quite long.
for those who have large capital can take advantage of this, because they can buy at a lower price. when iran attacked israel we saw the market swing until the bitcoin price dropped to 58K, then back to 62K, I thought it would last a long time it turned out that the bitcoin price recovered. We do not know the continuation of this war, because there could be another attack from iran or vice versa israel will retaliate and we will see the bitcoin price will drop again and if this lasts a long time, we should forget about ATH this year.
This also provides that conditions of this nature such as wars between nations have an impact on the pricing of most crypto assets including the Bitcoin. For those who have a lot of money to invest, this price volatility can be a good investment opportunity to buy other assets cheaper, looking for a possibility to restore their price when the situation becomes stable again because something that is being purchased is Bitcoin. However, the same can be said that such type of uncertainty poses high risks, including if the conflict is long and/or intensifies.
As an investor you must also be careful with the information flow on the global situation and think deeper before making the decision. Portfolio diversification for instance may also be embraced by the investors and it may be such a wise decision particularly to reduce on the risk that arises due to the uncertainty created by geopolitical factors. In like this, even if the possibility to have low prices or high prices appears, investors are always safeguard against high risks that can cost their money.
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It seems the market shock caused by the increased tension in the middle east has already been absorbed as BTC is up to $62K. This is to be expected but it's much faster than what I had anticipated. If Iran starts sending new rounds of missiles or if Israel invades them, crypto prices will most likely swing again.
Issues like this are indeed very easy to affect the crypto market. and in just a few hours it can drop drastically. It's just that, indeed on various occasions, this is something that is awaited by holders who make purchases at lower rates. At least, they can get a cheaper price. but of course, this also has its pluses and minuses, especially for short-term holders or traders who want to take profits but have to wait for the market to improve again in a time that may be quite long.
for those who have large capital can take advantage of this, because they can buy at a lower price. when iran attacked israel we saw the market swing until the bitcoin price dropped to 58K, then back to 62K, I thought it would last a long time it turned out that the bitcoin price recovered. We do not know the continuation of this war, because there could be another attack from iran or vice versa israel will retaliate and we will see the bitcoin price will drop again and if this lasts a long time, we should forget about ATH this year.
I will also bring you back to a Little memories of Bitcoin price movements as at 2018,, the price of crypto crashed without any war, though the presence of war between nations will affect market price.
Now, my points is that some times market goes Bearish without any war as we are currently experiencing between Israel and the neighboring Middle East counties.
In 2018 as I said earlier, the entire crypto market experience the biggest crash that unfortunately pushed the price into Bear run that lasted till the end of 2019.
Obviously, war causes panic sales or even market dump because the users around the war regions are already in distressed conditions and fear.
In a nutshell, I think that war contribute to market crashes but the crypto price movementsb also has it own circle that will eventually go bearish irrespective of any war.
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It seems the market shock caused by the increased tension in the middle east has already been absorbed as BTC is up to $62K. This is to be expected but it's much faster than what I had anticipated. If Iran starts sending new rounds of missiles or if Israel invades them, crypto prices will most likely swing again.
Issues like this are indeed very easy to affect the crypto market. and in just a few hours it can drop drastically. It's just that, indeed on various occasions, this is something that is awaited by holders who make purchases at lower rates. At least, they can get a cheaper price. but of course, this also has its pluses and minuses, especially for short-term holders or traders who want to take profits but have to wait for the market to improve again in a time that may be quite long.
for those who have large capital can take advantage of this, because they can buy at a lower price. when iran attacked israel we saw the market swing until the bitcoin price dropped to 58K, then back to 62K, I thought it would last a long time it turned out that the bitcoin price recovered. We do not know the continuation of this war, because there could be another attack from iran or vice versa israel will retaliate and we will see the bitcoin price will drop again and if this lasts a long time, we should forget about ATH this year.
Not sure if we can forgot about a new all time high this year though. I mean we still have 2 months to go and we really don't know, hard to predict where the price will go, maybe we can still go on a parabolic rise this November after the US election and then we get to $70k-$80k. As for the effects of the war, it looks like it has simmered down already, currently prices is set at $67k so we have a good rally and perhaps this might continue up to the end of the month. So it's really better to be positive in my opinion, that despite the background of war from behind, we should look at Bitcoin still hitting a new all time high at the end of this year and then continue the rally in 2025.
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I will also bring you back to a Little memories of Bitcoin price movements as at 2018,, the price of crypto crashed without any war, though the presence of war between nations will affect market price.
Now, my points is that some times market goes Bearish without any war as we are currently experiencing between Israel and the neighboring Middle East counties.
In 2018 as I said earlier, the entire crypto market experience the biggest crash that unfortunately pushed the price into Bear run that lasted till the end of 2019.
Obviously, war causes panic sales or even market dump because the users around the war regions are already in distressed conditions and fear.
In a nutshell, I think that war contribute to market crashes but the crypto price movementsb also has it own circle that will eventually go bearish irrespective of any war.
Yeah, I agree. While major global political events can impact the financial market and potentially affect BTC price, I don't believe they can fundamentally alter BTC long-term price behavior, such as over an entire cycle. Typically, BTC price declines stem from intrinsic factors, meaning BTC price has risen too rapidly and reached a supply-demand imbalance in the market. Political news merely accelerates or slows down the development of these "risk bubbles".
Currently, I don't see the Middle East conflict having a significant impact on BTC price. Despite the Gaza conflict, we'll likely witness the crypto market entering a bullrun followed by a bearsleep as it has in previous cycles. This is a time for us to be greedy rather than fearful of excessive political news.
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I will also bring you back to a Little memories of Bitcoin price movements as at 2018,, the price of crypto crashed without any war, though the presence of war between nations will affect market price.
Now, my points is that some times market goes Bearish without any war as we are currently experiencing between Israel and the neighboring Middle East counties.
In 2018 as I said earlier, the entire crypto market experience the biggest crash that unfortunately pushed the price into Bear run that lasted till the end of 2019.
Obviously, war causes panic sales or even market dump because the users around the war regions are already in distressed conditions and fear.
In a nutshell, I think that war contribute to market crashes but the crypto price movementsb also has it own circle that will eventually go bearish irrespective of any war.
Yeah, I agree. While major global political events can impact the financial market and potentially affect BTC price, I don't believe they can fundamentally alter BTC long-term price behavior, such as over an entire cycle. Typically, BTC price declines stem from intrinsic factors, meaning BTC price has risen too rapidly and reached a supply-demand imbalance in the market. Political news merely accelerates or slows down the development of these "risk bubbles".
Currently, I don't see the Middle East conflict having a significant impact on BTC price. Despite the Gaza conflict, we'll likely witness the crypto market entering a bullrun followed by a bearsleep as it has in previous cycles. This is a time for us to be greedy rather than fearful of excessive political news.
nothing yet is happening. if Israel is not prevented to shoot Iranian oil rigs and nuke sites, i think that's the time we see market crashes. stock market crash also affects the crypto market, i think this is what is to wait for, the retaliation hasn't happened yet but once it does, its going to affect markets.
a potential war between EU countries vs Russia is also brewing. while Zelensky proposes preposterous solution such as declaring Ukraine as part of NATO.
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I will also bring you back to a Little memories of Bitcoin price movements as at 2018,, the price of crypto crashed without any war, though the presence of war between nations will affect market price.
Now, my points is that some times market goes Bearish without any war as we are currently experiencing between Israel and the neighboring Middle East counties.
And this is the first bearish era that I have encountered in Bitcoin. At that time I really wondered why the price of Bitcoin could suddenly drop that fast, even so drastically that many people went crazy because of it. It turns out that after understanding this, it might be true, that the 5-year bearish bullish cycle always exists. And some of the negative news is just one of the triggers, the existence of FUD only accelerates bad things to happen, whether it's because of war, or because of other issues that are intentionally or not, blown up in the moments after the bullish era. And maybe, in the future there will be more issues that will make the price of crypto fall again like before. Let's just wait and learn more from various events and past cycles.
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These wars are significant to Bitcoin and crypto. Just try to remember the covid-19 time, when many mostly thought that it's going to put a huge drop for Bitcoin's price but it didn't. And then by next year of it, the market ripened up and reached another all time high. It might be a different thing as a pandemic and a war but you'd see that these events really triggers the price of Bitcoin. And instead of seeing a huge dump, we only see it happen during the bear market but then, the bear market on the 2020's seems not that too huge anymore. We'll see it on 2026.
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It seems the market shock caused by the increased tension in the middle east has already been absorbed as BTC is up to $62K. This is to be expected but it's much faster than what I had anticipated. If Iran starts sending new rounds of missiles or if Israel invades them, crypto prices will most likely swing again.
Issues like this are indeed very easy to affect the crypto market. and in just a few hours it can drop drastically. It's just that, indeed on various occasions, this is something that is awaited by holders who make purchases at lower rates. At least, they can get a cheaper price. but of course, this also has its pluses and minuses, especially for short-term holders or traders who want to take profits but have to wait for the market to improve again in a time that may be quite long.
for those who have large capital can take advantage of this, because they can buy at a lower price. when iran attacked israel we saw the market swing until the bitcoin price dropped to 58K, then back to 62K, I thought it would last a long time it turned out that the bitcoin price recovered. We do not know the continuation of this war, because there could be another attack from iran or vice versa israel will retaliate and we will see the bitcoin price will drop again and if this lasts a long time, we should forget about ATH this year.
I think that you could express your best comment in this post. So i am also agree with your comment. We know that geopolitical tensions must be effects in BTC, ETH and many others crypto in cryptocurrency market. I also believe that if iran and Israel war held in this time, it will be best losses for bitcoin and others crypto currency. Because we also see that Russia and Ukraine war could be effect from bitcoin price. So it’s true that if geopolitical tensions will held then then bitcoin and others crypto currency will be face in down.
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While people think there is a huge one, the reality is we do not have all that much at all. We are not at a point where we can see how this could change or get better, we are seeing how this is just a temporary thing for crypto in general. I believe we are going to end up with a lot better results eventually even though wars continue. I mean we went from bear market to bull market while Russia and Ukraine are still at war, so this is proof enough on how people do not care except the initial few days. This means no matter where the war happens around the world, we are not going to see bitcoin be impacted more than the initial reaction to it.
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in my opinion, the conflict in the middle east is not the main cause of the current price change... we know that the current BTC price has proven to be recovering so that we can see an increase of almost 10%, even though the Iran Israel conflict has not ended yet...
that's why I can conclude that the conflict may not be the main cause of the bitcoin price correction yesterday.... and for those who are short BTC, they may be restless right now because the BTC price is not dumping...
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I believe we are going to end up with a lot better results eventually even though wars continue. I mean we went from bear market to bull market while Russia and Ukraine are still at war, so this is proof enough on how people do not care except the initial few days. This means no matter where the war happens around the world, we are not going to see bitcoin be impacted more than the initial reaction to it.
i agree that most people just react based on their initial shock i am guessing it is more of a response to seeing that a war started but the direct effects of said war does not really impact bitcoin that much maybe a little it does because there might be bitcoin enthusiasts as well in those countries at war but for the entire market to crash during a war? it’s not going to happen unless all countries are collectively in wars at the same time
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I believe we are going to end up with a lot better results eventually even though wars continue. I mean we went from bear market to bull market while Russia and Ukraine are still at war, so this is proof enough on how people do not care except the initial few days. This means no matter where the war happens around the world, we are not going to see bitcoin be impacted more than the initial reaction to it.
i agree that most people just react based on their initial shock i am guessing it is more of a response to seeing that a war started but the direct effects of said war does not really impact bitcoin that much maybe a little it does because there might be bitcoin enthusiasts as well in those countries at war but for the entire market to crash during a war? it’s not going to happen unless all countries are collectively in wars at the same time
Even though there may be a bit of fluctuation here and there, BTC would still rise up again, it's a matter of time, not a question of "if", in my opinion.
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In the last 24 hours, Iran and Israel have been exchanging mass destructive and explosive shootings and that have affected the price of Bitcoin, Ethereum and other coins. Bitcoin have slipped to $61k which was a little over 2% of the price 72 hours ago while Ethereum also recorded over 5% reduction in price. Just like the mother coin BTC and ETH have been affected, the crypto market have been largely affected by the ongoing war between these two countries. Do you think the recent events is going to significantly affect the predicted bullish rise in crypto market this month of October and the rest of the year?
At first I thought it will affect the price of BTC in October but now BTC is going up and improving daily which is a good sign and now the war is not a hot topic even if it's still ongoing and Israel is continuously not targeting Iran only but Lebanon and other parts of Gaza too.
Sadly this war is not coming to any peaceful solution now the end of this war seems to be the end of one party.
The impact of geopolitical tensions on market doesn't stay for too long and fades away with time as the war becomes the a usual thing on the internet the panic and the hype reduce and people start to investi n crypto again.
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A topic of concern relating to this matter is the ongoing iran amd isreal conflict which has really sent shockwaves throughout the cryptomarket.
Truthfully,it's being a wild run for Bitcoin and other cryptocurrencies which is really noticeable in the charts.Geopolitical tensions basically are running high at this period.
While personally, I think this conflict highlight the potential of the cryptocurrencies as a hedge against traditional assets classes.
The conflict has introduced alot of uncertainty and confusions into the market. We've seen cryptocurrencies prices flunctuating widly and investors getting nervous with all this activities.
While in terms of specific cryptocurrencies l,bitcoin has been holding it's own while other cryptocurrencies like etherum and other altcoin are experiencing more votality which i think part of the cause is relatingto the current conflict between iran and isreal
Now,my fear is that after this conflict,the government might impose new rules or sanctions on cryptocurrency transactions which could impact the market greatly.
What's your thought on this?
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I believe we are going to end up with a lot better results eventually even though wars continue. I mean we went from bear market to bull market while Russia and Ukraine are still at war, so this is proof enough on how people do not care except the initial few days. This means no matter where the war happens around the world, we are not going to see bitcoin be impacted more than the initial reaction to it.
i agree that most people just react based on their initial shock i am guessing it is more of a response to seeing that a war started but the direct effects of said war does not really impact bitcoin that much maybe a little it does because there might be bitcoin enthusiasts as well in those countries at war but for the entire market to crash during a war? it’s not going to happen unless all countries are collectively in wars at the same time
its because of the media. normally if these news is back in early 1900, they are already seeing this as the WW2. its obviously WW3 but the media is downplaying it.
its just allies fighting each other and measuring because everyone is gauging its limit and not trying to trigger anyone into activating their nukes. but because the war is a little bit of middles east, and then little bit of Ukr vs Russia. but they did tried to kickstart the war in China vs Taiwan. China is just better in its strategy not to let the US go into the Taiwan straight but this could get worse since they are losing the chip war.
once oil rigs and nukes are bombed, everybody will just be in hiding under their bunkers, mostly will sell.
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These wars are significant to Bitcoin and crypto. Just try to remember the covid-19 time, when many mostly thought that it's going to put a huge drop for Bitcoin's price but it didn't. And then by next year of it, the market ripened up and reached another all time high. It might be a different thing as a pandemic and a war but you'd see that these events really triggers the price of Bitcoin. And instead of seeing a huge dump, we only see it happen during the bear market but then, the bear market on the 2020's seems not that too huge anymore. We'll see it on 2026.
Yes, you are right, Bitcoin price played a more positive role during the period when there was the most anxiety about the Bitcoin price. Bitcoin has become even more positive during the Covid-19 pandemic, despite a major deterioration in financial institutions across the world. This past experience is helping to create a largely positive outlook among investors today. Although there are temporary problems with Bitcoin or cryptocurrency due to various political reasons, it is not a problem in the long run. Bitcoin will run at its own pace. Moreover, many people always make big plans about the market, that's why if you can trust it in any situation, then the possibility of profiting from Bitcoin is high.
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These wars are significant to Bitcoin and crypto. Just try to remember the covid-19 time, when many mostly thought that it's going to put a huge drop for Bitcoin's price but it didn't. And then by next year of it, the market ripened up and reached another all time high. It might be a different thing as a pandemic and a war but you'd see that these events really triggers the price of Bitcoin. And instead of seeing a huge dump, we only see it happen during the bear market but then, the bear market on the 2020's seems not that too huge anymore. We'll see it on 2026.
Yes, you are right, Bitcoin price played a more positive role during the period when there was the most anxiety about the Bitcoin price. Bitcoin has become even more positive during the Covid-19 pandemic, despite a major deterioration in financial institutions across the world. This past experience is helping to create a largely positive outlook among investors today. Although there are temporary problems with Bitcoin or cryptocurrency due to various political reasons, it is not a problem in the long run. Bitcoin will run at its own pace. Moreover, many people always make big plans about the market, that's why if you can trust it in any situation, then the possibility of profiting from Bitcoin is high.
The profit that will be obtained from bitcoin investment is very high if we buy it during a bearish period and hold it until the bullish season, that's what I've been doing following a 4-year cycle.
During the Covid-19 pandemic, I also focused more on trading in crypto because the office was locked down and we worked from home.
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These wars are significant to Bitcoin and crypto. Just try to remember the covid-19 time, when many mostly thought that it's going to put a huge drop for Bitcoin's price but it didn't. And then by next year of it, the market ripened up and reached another all time high. It might be a different thing as a pandemic and a war but you'd see that these events really triggers the price of Bitcoin. And instead of seeing a huge dump, we only see it happen during the bear market but then, the bear market on the 2020's seems not that too huge anymore. We'll see it on 2026.
Yes, you are right, Bitcoin price played a more positive role during the period when there was the most anxiety about the Bitcoin price. Bitcoin has become even more positive during the Covid-19 pandemic, despite a major deterioration in financial institutions across the world. This past experience is helping to create a largely positive outlook among investors today. Although there are temporary problems with Bitcoin or cryptocurrency due to various political reasons, it is not a problem in the long run. Bitcoin will run at its own pace. Moreover, many people always make big plans about the market, that's why if you can trust it in any situation, then the possibility of profiting from Bitcoin is high.
The profit that will be obtained from bitcoin investment is very high if we buy it during a bearish period and hold it until the bullish season, that's what I've been doing following a 4-year cycle.
During the Covid-19 pandemic, I also focused more on trading in crypto because the office was locked down and we worked from home.
As many people say, to buy Bitcoin when it is bearish and to hold it until it is bullish is not a bad strategy at all, not mentioning the potential for high profits in the bullish season when the four-year cycle comes. Investing in crypto trading during the pandemic was also a successful decision that complied with the situation at the given period.
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In the last 24 hours, Iran and Israel have been exchanging mass destructive and explosive shootings and that have affected the price of Bitcoin, Ethereum and other coins. Bitcoin have slipped to $61k which was a little over 2% of the price 72 hours ago while Ethereum also recorded over 5% reduction in price. Just like the mother coin BTC and ETH have been affected, the crypto market have been largely affected by the ongoing war between these two countries. Do you think the recent events is going to significantly affect the predicted bullish rise in crypto market this month of October and the rest of the year?
Well I am posting on the last day of this month so I can confirm that the market makes exceptional pumps and is still pumping due to elections many have seen it coming (the pump due to elections) Well the war and on ground combats are still ongoing between Israel and other parties and the chances of the war to get ended are not much so I guess we might see something big coming but till now I have seen Iraq and other middle east countries are really not doing anything but Israel is doing big operations against Gaza people.
The videos I watch are just too sensitive and I hope the war ends as soon as possible. These wars will make the market more volatile but I don't care about the market. I care about the people more, yeah I also don't care because I invest not trade.