Post
Topic
Board Bitcoin Discussion
Re: Russia cut off from Swift is fantastic opportunity for bitcoin
by
Pesona1
on 05/03/2022, 19:31:01 UTC
I'm reading many articles explaining that Russia shall be cut off from the SWIFT global interbank payments system, as a sanction in response to its invasion of Ukraine. That means it would be impossible to make bank transfers between Russia and most other countries.

I see this as an absolutely fantastic opportunity for BTC.
If you can"t use banks, just use BTC and be happy.
It may but it may not , because while the war is in process i don't think there will be an effect towards this situation .

yes Bitcoin is in good position in this but how long would this take before being in crypto market? like now that the prices keeps in dumping or staying neutral while many are still in afraid of losing their funds .
It’s natural to be afraid of losing your funds because the market has been dipping constantly. But this whole game is a game of patience and even if you are afraid you should not at least sell. I have decided to wait till the situation is back to normal.
Some time ago bitcoin experienced a strong rally after many investors and the Russian public shifted the ruble to bitcoin, but the last two days Bitcoin actually experienced another decline after Federal Reserve (The Fed) Chairman Jerome Powell said he would raise interest rates in the near future, these statements seem to make the market weaken again and the effect of bitcoin falling to reach the price of $ 39K, and I think a decline like now is the right momentum for us to buy and it seems we don't need to doubt the with fundamentals bitcoin has,  because withstrong fundamentals of course it won't take long for bitcoin to rise again.