Re: Will the war between Israel and Lebanon bring another dump for bitcoin??
Every time we saw that when any war happened, the price of bitcoin dumped drastically. At this moment, Israel and Lebanon are in front of a strong war which can caused many destruction. On the other hand, we already watched a almost good rally on bitcoin as well as some alts. But now, according to the previous history, we know after a pump, it takes some correction.
Since we are holding some crypto, we are afraid of another big dump.
So my question is that What should we do at this moment as a small traders? Should we sell all the crypto and wait for dump??
Since we are holding some crypto, we are afraid of another big dump.
So my question is that What should we do at this moment as a small traders? Should we sell all the crypto and wait for dump??
Every time? Really? The Bitcoin price dropped several months after Russia invaded Ukraine back in 2022, so the price drop wasn't directly caused by the war. Israel started the operation in Gaza back in October 2023, but the Bitcoin price went from 27K to 73K in the months after October 2023. Your statement about every war around the world causing a BTC price drop is simply wrong. Can you backup your statement with any facts? I don't think so.
A war between Israel and Iran might influence the BTC price for a while, but I don't believe that such war will happen.
Although bitcoin is very sensitive to news about war or news related to the health of the world economy, not every news affects it, it all depends on the magnitude of each news. In addition, those effects often only have short-term effects, and cannot have long-term effects.
In terms of scale, the war between Russia and Ukraine would have a more serious impact on the entire world economy, not just the cryptocurrency industry. But as we see, things have changed and adapted over time and I hardly see anyone mentioning the negative effects of that war anymore.
The war between Iran and Israel remains tense, but news about the US election and the Fed's rate cut is getting more attention. So there is no guarantee that the market will be dumped if the war gets worse, so the idea of speculating on the news is too risky.