Hi everyone I was wondering if the overall Russian-Ukraine situation in Bitcoin is now pretty low, will it soar if the whole war is resolved again? What is your opinion? Thank you.
The war did affect the movement of bitcoin prices in the market, even before the war started the price of bitcoin experienced a fairly deep decline, but not long ago the price of bitcoin rose again to the price level of $44K, now the war is heating up back and bitcoin is again experiencing a decline of course this is an opportunity for us to buy it, I think when the war starts to subside later of course the global economy will also recover and the possibility of bitcoin prices will also increase because investors are starting to calm down in holding their assets.
wrong perception because the war affected the market just for a 2 days period but after market recovered and comes back to original price and even reached higher.
from 40k after the start of war? the price rose up to 45k so that is much higher from the beginning of the year.
It is always a good time to make an investment in bitcoin because again its already build the reputation and popularity of the decentralized coin so no matter what happens the market volatility of it gives a profit and long term investment profit to the people. Again we see that bitcoin is already used not for only transactions but for payments to different establishments and organizations so bitcoin is the near future.
depend on your capacity to invest, if you are for long term then yes it is correct but if you are for speedy profiting then never put money in bitcoin because this moves very slow most of the time.