So, the US and Israel decide to attack Iran over the weekend. Perfect timing, huh? Markets were closed, and crypto trading was super thin. This should have sent Bitcoin tumbling, especially after Iran launched missiles at its neighbors. Gold and oil shot up, but Bitcoin didn’t budge an inch... not even breaking out of that old range from December.
Missiles and Bitcoin: What's the Connection?
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raven_2020Member
Posts: 225 · Reputation: 61
#2Dec 31, 2017, 04:31 PM
Time to move to trading discussions. Looks like despite gold and oil hitting highs, Bitcoin is just stuck. The daily candles aren’t changing much... just confirming the same old sideways trend. And the volume? Still dead. It’s kinda wild how Bitcoin just sits there while other markets go crazy.
True that, but initially, the market did react to the attacks. Just not as much as people expected. Now everyone's taking a more strategic look at how global tensions could impact Bitcoin, and it seems like opinions are all over the place.
I feel you. People thought Bitcoin would be a safe haven during times like this, but it’s more volatile than a rollercoaster right now. It’s up and down like any stock, stuck in this range... I doubt we’ll see it break through 75k anytime soon. It’s just hanging around 60k to 70k.
I haven’t checked the charts recently, so I was shocked to see Bitcoin hit above 72k while chaos unfolds in the Middle East. It seems like Bitcoin dodged those missiles! This could be good since banks might be closing, and Bitcoin usually benefits from that.
gas_bridgeMember
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#6Dec 31, 2017, 11:35 PM
I’m not so sure. A lot of retail investors are pretty sick of AI stocks and gold since the prices are insane. Isn’t it just us late buyers left? It feels like institutional investors are behind the moves in those markets, while Bitcoin at $73k shows we’re still in the game.
This rise in Bitcoin makes me rethink how war impacts it. Some say wars hurt Bitcoin, but maybe not always... when local banks close, crypto shines. The recent attacks could have actually boosted Bitcoin's value. Panic during crises may not hurt it after all.
Why’s this topic not called 'American Missiles Missed Bitcoin'? Both sides are firing at each other, and the US started this whole mess. Just saying. Bitcoin’s risk profile is different from major currencies, and it often dips when wars start but bounces back.
real_protoNewbie
Posts: 200 · Reputation: 14
#9Jan 1, 2018, 11:46 AM
Check the charts again, will ya? Bitcoin is unpredictable! Normally, a war would drag prices down, but look at it now... it’s hanging steady and slowly creeping up. Maybe it’s becoming less volatile and letting other markets take the lead.
Why are you so worried about Bitcoin trading despite all this? If you’re against it, just say it! Seems like you lack the guts to go all out.
roguesatoshiFull Member
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#11Jan 1, 2018, 08:02 PM
Bitcoin’s market cap has hit trillions. It’s not small... I get your point about the money shifting between markets. Investors are always chasing better returns, leading to opposite movements. Large investors are key for driving growth, and that’s why Bitcoin’s rise to $73k includes ETF inflows.
Exactly! Money flows from A to Z, investors are smart. They’ll shift capital where it’ll yield returns. Not everyone will stick to crypto all the time, especially in uncertain times. Look at how Bitcoin bounced back after the initial shock from the war. I think breaking that 73k barrier won’t be easy.
The OP left the thread once Bitcoin hit 72k. Classic! Seems like some people can’t handle the hype.
I still think even at a trillion-dollar cap, Bitcoin isn't big enough. Your point about money flowing is valid, and many retail investors are getting tired of AI and gold because those prices are ridiculous. If you invest now, you might just be exit liquidity for the big players.
kevinorbitMember
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#15Jan 6, 2018, 01:05 AM
Totally agree. Money moves between markets, but with the current economy, I don’t see it shifting back to crypto anytime soon. It’s better during stable times. Let's hope things stabilize soon.
Bitcoin is still at 70k despite the ongoing war. Without the conflict, it could have dipped to 63k. This doesn’t feel like a market switch. Investing in commodities isn’t as simple as hopping from one to another. Many still prefer Bitcoin because of the control it offers.
roguesatoshiFull Member
Posts: 34 · Reputation: 558
#17Jan 6, 2018, 12:22 PM
Just to clarify, I don’t say Bitcoin is too big or small, just pointing out that money rotates. Every market has cycles, and investors are always looking for profitable opportunities. I’m with you on avoiding stocks and gold now; they come with serious risks.
kevin_atlasFull Member
Posts: 178 · Reputation: 589
#18Jan 6, 2018, 05:14 PM
BTC is stuck below November lows. Until we see volume pick up and break that zone, I don’t expect anything good. The war’s real impact is reflected in oil prices and trade disruptions, not Bitcoin's immediate reaction.
Lol, some narratives make no sense. No war, prices dip. War breaks out, and Bitcoin suddenly rallies? It’s all over the place. I’m sticking to Bitcoin; I’ve dabbled in gold, but that got hit hard recently too. It’s a wild ride.
Right? Most effects of these events will show up later if the war drags on, leading to an energy crisis. I think the recent Bitcoin jump is more about the USD having a little crash due to the conflict, rather than real demand. Until the situation changes, we’re in for a bumpy ride.