Bitcoin's recent jump in late February aligns with the start of conflicts in Iran. The rise from 65K to 70K wasn't just luck; it happened as a lot of coins were pulled from exchanges. Plus, there was a surge in investments in BTC ETFs. Clearly, hodlers and institutions are moving in during the chaos.
Bitcoin's New Phase: Geopolitical Tensions and Market Reactions
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But the big question: when will this conflict end? If we believe Bitcoin's the best shield against turmoil, then let's keep stacking and HODL. Sure, it's great seeing 70k+, but we might still be in a bear market. We could also be entering a super-cycle where prices stabilize above 70k.
Just because gold is dropping doesn't mean it's lost its value. Gold's price fluctuations are due to economic news unrelated to the war. Bitcoin jumped too, but I think its rise is more than just the conflict news. It’s showing that Bitcoin's movements don’t always mirror stocks.
alexrocketNewbie
Posts: 102 · Reputation: 29
#4Dec 26, 2017, 07:12 AM
Does this mean we could be seeing the end of the bearish market? It’s tough to predict how long the war will go on. I feel like Bitcoin could hit 75k soon, but that doesn’t guarantee we’re in a bull market. Prices might just keep fluctuating for a while.
raven_2020Member
Posts: 225 · Reputation: 61
#5Dec 26, 2017, 11:17 AM
Honestly, I’m not too optimistic at the moment. The price rise feels temporary. The war’s ongoing and its impact on oil infrastructure is huge. Even if it stops now, we’re looking at months of recovery. A global recession might be on the horizon.
nonce_2018Member
Posts: 142 · Reputation: 110
#6Dec 26, 2017, 11:23 AM
You’re not alone in thinking that. Many sectors flourish during wars; gold did rise and some companies profit from conflict. Even tech firms like NVidia benefit since war consumes resources. Just saying, Bitcoin’s not the only asset that shines in crises.
That’s a bit off base. Sure, Bitcoin rose, but oil and gas are up too. Many factors can boost asset prices during wars. Remember how wheat spiked after the Ukraine conflict? It’s all about supply and demand.
Just because the war impacts various markets doesn’t mean we should only back Bitcoin now. It could lead to market manipulation. Converting some physical assets to digital ones like Bitcoin makes sense, especially with inflation creeping up.
You can’t just assume Bitcoin will keep responding to events. The Middle East crisis is influencing things, but Bitcoin’s reaction is unpredictable. It could soar to 100k or crash; hard to tell.
I’m with you on that; it could push Bitcoin closer to 75k. The last resistance level held firm, but charts suggest it’s ready for another attempt. After a long bear, it’s about time Bitcoin makes a move.
Analysts are hinting that we might have hit the bottom for this cycle. We’ve been through the longest drawdown since 2018, and the CryptoFear index is at record lows. Sign of a potential shift?
If Bitcoin continues to rise while stocks fall, BTC ETFs could gain major traction. That would be wild!
AtomicForkFull Member
Posts: 352 · Reputation: 479
#13Dec 27, 2017, 04:42 AM
People cherry-pick short-term gains and run with it. Seriously, a 5% rise since the conflict isn’t groundbreaking for Bitcoin's usual swings. Keep it in perspective.
Lol, exactly. It’s like saying oil prices are falling now. Sure, if you wanted to make outrageous claims, you could argue Bitcoin’s gonna keep climbing indefinitely.
satoshi_apeNewbie
Posts: 237 · Reputation: 20
#15Dec 27, 2017, 11:33 AM
ETFs are seen as a safe bet now. It’s strange to let someone else hold your coins, especially when we always talk about keeping our keys private. But the growth speaks for itself.
I’m not concerned about the war. Bitcoin remains a solid bet for the future despite the chaos. People have been investing through conflicts for ages. It’s not just about Iran, other markets are still bullish.
That’s an optimistic view, but I’m cautious. We just bounced back a bit from a steep drop. What’s to say this war won’t drag on? It’s costly for both sides, and resolutions seem far off.
Your comparison doesn’t really add up. What timeframe are you looking at? Gold has historically done better in the long run.
Bitcoin’s cycle still stands strong, so saying the bear market’s done yet is premature. Sure, there’s buzz because of the conflict, but expect the bear to stick around.
Keeping your Bitcoin in your own wallet is risky, like leaving a sign saying 'money here' on your lawn. You gotta be smart about security.
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