Quote from: gweedo on January 08, 2020, 10:51:45 AM

Quote from: Anonymous193 on January 08, 2020, 06:31:45 AM

Bitcoin going up again and we know that Iran/USA tension is behind this.

My question is that is this good for bitcoin in long run. We saw bitcoin going up when Chinese president gave statement about blockchain adoption. Bitcoin went up and then fell down again.

If bitcoin keep up and down with such news, bitcoin ow worth can never be established.

I don't think the reason Bitcoin increased is due to the influence of the US and Iran conflict. A lot of reasons impact this market, but I think the main reason is that Bitcoin Halving is approaching so prices have started to rise. In addition, gold also affecting the price of Bitcoin, gold is currently going up quickly and it also helps Bitcoin enjoy this benefit. The US and Iran conflict only affects the price of safe assets like gold...Bitcoin is not a real safe asset

I also think so,
It is more realistic to think that the sudden increase in price in bitcoin is because halving is coming near and not because of the war between US and Iran. This war has nothing to do with our current situation in the market.