Post
Topic
Board Bitcoin Discussion
Re: Bitcoin and Ukraine war
by
avikz
on 08/03/2022, 06:29:00 UTC
Is the price of gold now increasing? In fact just yesterday I sold gold at a price below when I bought it yet with a discount. But in my opinion, the decline in the price of bitcoin will not last long when the war is in progress. I think that many parties need bitcoin as a means of payment, for example, tools of war, weapons and so on.

Yes, gold price is increasing and silver is also following the same pattern. However, it slightly differs from country to country. It also depends on the form of gold you have used and sold. If you had paper gold, you might have enjoyed the complete price without any making charges. However, if you had physical gold, making charges has been deducted from the final price. That's a common practice, at least in my country.

Bitcoin is definitely a good choice for the people affected by war! But considering its volatile nature and also limited acceptability is probably keeping the people away from it. Rather they are looking into gold and other metals for capital safeguard.