A Hours ago, Russia launched its missile attacks on Ukraine. Following this war, the price of oil has reached $ 100 and Bitcoin has fallen sharply.
At the time of writing, the price of Bitcoin is
$ 34,999. I think buying and selling in this situation is very risky.
If the United States goes to war with Russia, more allies like
China and Iran will definitely come to Russia's aid, and that means starting a world war! Bitcoin has never been in a world war and we do not know how it will react to this situation!
I think nations like the US and other superpowers will definitely implement a maximum tolerate protocol because each superpower has the capability to devastate each country just in a simple push of a button. I think all they can do for now is the sanctions of trades on each other to affect the economic growth of the opposing country at least.
- Will we wait for more falls?
It is always best to BUY BTC at its lowest to maximize profit when the bull market shows up but sadly I don't think we can see it any sooner because BTC market has just recently enter the Bear Market which can possibly last for more than a year (possibly 2 - 3 years according to the 4-year cycle).
- Will the US and Russia start World War III?
I believe both of the countries do not want another World war but if the allied nation is dragged into the conflict and some conspirator instigate the stage then we can probably see another World War. Though I hope US and Russia compromise for a peacefull solution.