A few years back, when the Russia-NATO thing kicked off in Ukraine, it really messed with the global economy. Bitcoin was soaring at $69k, aiming for $100k but then the whole situation made it crash down to $15k. Crazy times.
Is the US President's Action a Threat to Bitcoin's Bull Run?
19 replies 301 views
farm_nonceMember
Posts: 35 · Reputation: 157
#2Dec 1, 2021, 12:34 AM
True, but this latest move by the US might shake things up economically. I don’t think it'll hit Bitcoin hard, just a temporary blip. We live in unpredictable times, so who knows? But if Bitcoin dips, it’ll bounce back before long.
yield_2017Senior Member
Posts: 44 · Reputation: 1725
#3Dec 1, 2021, 05:39 AM
We haven't seen major economic issues during a bull run before. The invasion started in 2022, so two years after the last halving, which usually signals a bear market. Now, Bitcoin hit new heights this halving year, so next year could be bullish.
Yeah, I get that. Institutions are holding a ton of cash from those Bitcoin ETFs. There’s even talk about the US wanting to grab a million Bitcoins. Is this a ploy to drive prices down and buy cheaper?
Actually, the ATH in 2021 was $64k, not $69k. Just a heads up.
Well, there’s been some approval for limited strikes inside Russia already, so it’s just part of the West's game to weaken Russia’s military. But I doubt these limited actions are gonna change much globally.
International law? Doesn’t mean much in this context. If it did, the US wouldn't have invaded Yemen or supported Gaza. When Russia invaded Ukraine, it reminded me of Yemen’s situation. The only way Yemen pushed back was through serious retaliation.
Don’t worry, we’re all gonna die soon anyway. Russia's thinking about nukes now.
The US has been heavily backing Ukraine from the start. If they hadn’t, Ukraine would be in a worse spot. The green light for using rockets doesn’t change that.
kevin_atlasFull Member
Posts: 178 · Reputation: 589
#10Dec 3, 2021, 10:46 AM
Blaming everything on external events is weak. A few missiles in one country shouldn’t dictate Bitcoin’s fate. BTC will hit $100k, and that’s positive, regardless of the price peaks being influenced by dollar decline.
Yeah, but they’re gradually escalating things. People don’t realize how hot it’s getting until it’s too late. If rates go up again, inflation will rise, and BTC will fall. Just watch.
This is still a proxy war, not direct conflict. First US strikes were in Bryansk, not Kursk. If this leads to a nuclear standoff, that’s a different story.
nova_atlasMember
Posts: 156 · Reputation: 90
#13Dec 3, 2021, 08:00 PM
Bitcoin has been surprisingly stable despite the ATACMS news. Speculating if this will halt the bull run is tough. We can’t predict when a bull run starts or its peak.
It’s true that the US actions could mess with the bull run. The economy’s shaky, and BTC is sensitive to that. But I still think the bull run isn't over yet, maybe looking at 2025.
They haven’t bombed Bitcoin HQ yet, so we’re good… for now. But seriously, this could set off a chain reaction affecting the economy and Bitcoin. If Russia retaliates by targeting gas lines in Europe, it's gonna get messy.
War is war, doesn't matter how you label it. Who says ATACMS were used? Maybe it was something else. Limited strikes don’t mean nuclear escalation. Russia's been using threats for years.
This US move is risky. More support for Ukraine means more tension. Russia could target the US next, and that would hit the global economy, especially energy prices. Bitcoin could react strongly.
We need to watch Russia’s response closely. They claim it was a failed strike, which is interesting. They might be trying to downplay the threat and manage escalation.
View from my window: things seem tense.
diamond404Member
Posts: 3 · Reputation: 42
#20Dec 7, 2021, 04:41 AM
This whole North Korea troop thing feels off to me. Numbers keep changing. Started with 3k troops, now it’s up to 100k. Makes you question the sources.