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??
Why every war in the world needs to be affecting Bitcoin into dumping ? Does Bitcoin can exist without any war ?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??
And besides Israel and Lebanon has nothing to do with the growth and dumping of Bitcoin SI I am sure this will not affect Bitcoin price by all means .
When war breaks out and spreads to many regions of the world, it can cause instability in world supply, thereby negatively affecting the global economy. Bitcoin is part of the world economy and when the world economy is unstable, it is inevitable that Bitcoin will be affected. Not to mention, it is a highly volatile and risky asset, and speculative assets like bitcoin or stocks will often be dumped if the world economy has problems. It would be incorrect to say that bitcoin would not be affected in any way if war broke out.
But it all depends on the scale of the war and its impact on the economy, the truth is that not every war has a negative impact on bitcoin.
Right now, the war is not getting too serious and let's pray that things will end soon instead of getting more complicated. This is not only because we are afraid of bitcoin being dumped, but also because war is a crime, so many people are dying in vain.