Post
Topic
Board Bitcoin Discussion
Re: Effects of war on bitcoin
by
macson
on 03/05/2023, 17:13:59 UTC
Different countries issues is the reason why bitcoin is suffering price loss, when countries are not at peace with others, the whole nations suffered economic crisis, I remember when the price of bitcoin start going down was same season Russian x Ukraine start economy wars. Bitcoin seem to remained statics because of sentiments by this countries attitude towards the resourceful digital products that would have swim financial hardship.
speculators always take advantage of viral moments that occur for their own benefit, and speculators also do that to bitcoin, so don't be surprised when negative things arise (such as issues of war or pandemic) the price of bitcoin will fall.

but it won't last long, because for sure the price of bitcoin will strengthen again (the issue is when the price of bitcoin falls, speculators buy again at cheap prices)

as long as the war doesn't happen so badly (up to 50% of the world) that causes a lot of infrastructure to be damaged, don't worry about the price of bitcoin, because bitcoin has proven to be very resilient to any issues.