It seems like every time there's a war, bitcoin takes a significant hit. Right now, Israel and Lebanon are gearing up for a serious conflict that could lead to major destruction. On the flip side, we've just seen a decent rally in bitcoin and some altcoins. But given the past trends, we know that after a surge, there's usually a pullback coming.
As crypto holders, we're definitely worried about facing another big drop.
So my question is, what should we do as small traders at this point? Should we liquidate our crypto and sit back to wait for the dip?
All the news that I am listening to are all about the possibility of bitcoin getting to all-time-high anytime soon. I have been reading about the war between Israel and Lebanon since last week or so but the price of bitcoin increased from that time till now. I do not think it can get to the point the war will have significant effect on bitcoin price.
You might not get a certain answer because Bitcoin has reacted differently to conflict. Bitcoin price initially dropped when Russia invaded Ukraine. But it recovered after some time, which led to the speculation that Russia was using it to invade sanctions. When Iran launched a massive attack against Israel this year, the price of Bitcoin dropped from $70,000 to $62,000. The current crisis between Israel and Lebanon has not had much influence on the price. But I suspect that a bigger escalation might have a slight influence since the US is the major financier of Israel.
Several factors might lead to the change in the price of Bitcoin. The price might keep increasing or we could experience a drop depending on other factors not related to the conflict. So you need to do your research and come up with a decision.
Bitcoin is a volatile coin and as such can go down and up at will which means we can't really ascertain if the war has a hand in causing a dump. So far we've seen strong movements in the charts and currently it's price is at $63,525 and we hope to see more increase. When Trump is doing a debate, price increases so in essence, there are other factors that affects it's upward/ downward moves and not just the war .
I do not think the debate is part of what is causing the increase in the price of bitcoin. Trump and Harris did not mention bitcoin in the debate at all. If the debate was not conducted, the price of bitcoin will still be where it is now as traders are now expecting bitcoin to increase above $65000.
When you posted this, bitcoin was slightly above $64000.
While this war is heating up and will likely lead to escalating the overall conflict in the Middle East, Im not sure of any specific reason why this particular war would affect the Bitcoin price. I think the real concern is the war breaking out into an all out world war, which could have potential to cause any number of horrible outcomes.
If you sell your coins at this course are you going to take break of your investing and keeping spending the ones you have sold and keep waiting until the war is over?
I guess not. It's a safe plan to have reliable source of funds at most crisis times because at need of economy disasters you'd always have one source which you can turn on to. Interestingly bitcoin is such an asset against such economy disasters also as wars.
Moreover, as the war of Isreatsnd Lebanon are currently ongoing, the price of bitcoin has much been appreciated better than couple of months now before the war. So assume that the war has no effect on bitcoin so then, kindly hold on your coin patiently while striving to reach your goal undistractedly.
How weak is your hand that you are thinking of selling and waiting for that uncertain drop?
The middle east war has been around for several years ... and I feel how this has a slight impact on the movement of bitcoin but this does not care anymore, because bitcoin will not drop significantly due to the war between Israel and Lebanon.
If you are a small trader then you can take advantage of the movement of price fluctuations ... If you are a small investor it is better to hold on and buy again when the decline.
If I'm not mistaken, Israel's conflict with Lebanon is not a new war, their conflict peaked in the 1980s and continues to this day, Bitcoin was created in 2009, Israel-Lebanon has not stopped fighting, in terms of Bitcoin speculation it has no influence on Their conflict.
In the past, Iraq and Afghanistan were also hot topics of discussion regarding the surge in Bitcoin prices, the fact that it happened had no influence at all, so we see a lot of war history in the Middle East, Bitcoin remains in its position, in this case it is speculated that the war between Israel-Lebanon has no impact on Bitcoin.
don't panic too much. the war that occurred between Israel and Lebanon is actually not the first. the conflict may have decreased due to some tensions that also occurred by several countries that were previously at war.
Bitcoin's trend is currently good, everyone is talking about positive sentiment for the end of this year which is expected to make a fairly high Bitcoin price spike.
maybe the war will not affect the current Bitcoin price. but still hope that the war will not continue to heat up and soon find a way for peace. however, the longer the war lasts, the more people will suffer losses.
I'm not sure that a war between Israel and Lebanon would result in a big drop
in the Bitcoin market. I'm basing this on the timing of it i.e in this time in Bitcoins
cycle after the halving. We are entering a bull market.
A war between those two countries would certainly be one sided, Israel is far
too advanced militarily for lebanon, If on the other have it escalated to include
more countries and become more serious then we could see something happen
in the markets.
So there is no "we" - everyone is free to do what they want.Nobody can foresee the future
so selling all your crypto might either be a great move or a disaster.
War has an effect but not a long term effect, it can effect the price for months but it will recover, for now bitcoin is above 60k$ so it is expected that altcoins will rise even if not all but most of them will surely rise at price, everyone is afraid of dumping except to those who are expert, expert making an opportunity buy buying the coins at low price and sell at high.
Although the cryptocurrency market is very sensitive to macro news, the market does not always move every time news is released and sometimes even reacting the opposite.
Basically, the market is unpredictable, it does not follow any rules and is not easy to predict. As a trader or investor, to achieve the desired level of profit, you need to combine a lot of market data as well as your knowledge and experience... you should not rely solely on news to speculate.
War happened and theoretically, bitcoin would react and possibly dump, but nothing has happened. It can be said that the market is unpredictable. Furthermore, as some have said, the uptrend is coming soon so even if there is a correction, selling right now is not a good idea. The best strategy at this point is to buy more and hold, hold, hold...absolutely do not sell no matter what happens.
I think you are the only one who is afraid of that, none of us are afraid of that happening. As I see it, some people even get excited every time the market is dumped because they have more opportunities to buy bitcoins at cheaper prices. Meanwhile, there are still people who don't expect it to happen but they still don't panic because they know that it's part of the game. If you invest with such an unstable mentality, I don't think you are suitable for this market.
As for the external influences on the market, it's like we're talking about the future and we're all like you, no one knows what the future holds. Sometimes we think it will happen but it doesn't and vice versa, so you have to find the answer to your question yourself.
I do not think so, it doesn't feel like we are seeing anything crazy there, it's very normal to see that kind of situation and not really that shocking at all. I believe that we are going to see this as something normal and not really a crazy thought, it's definitely something that we can make money from and I am sure that we are going to see this becoming something that will make a ton of money from if we could just put our money on bad days and then wait for the good days.
This doesn't feel like a fair fight, Isarel is fairly more stronger, well they are stronger than any Arabic country they may face against in the near future, and because of that I think it's clear that they are not going to have any trouble for a long time neither. It has to be something that will get greater results later on. They are rich enough to beat them all, and this war will not matter to the market at all, it is not going to be that crazy to anyone and people will probably not care.
A war between countries like Israel and Lebanon is unlikely to have a significant impact on the price of Bitcoin and other cryptocurrencies. For such an impact to exist, the war territory must be much larger and powerful countries must be involved. From October, we expect good growth in the cryptocurrency market and it will be, despite such wars. During military escalations, the Bitcoin rate may temporarily fall a little, but given other diverse and contradictory information about world events, this will not be so noticeable.
I think we should not worry until World War III begins or countries like the United States and China directly and with all their might join it.
I am hearing about this war for the first time in this forum now, I havent come across it on social media or news channel recently. If this war was supposed to affect the price of bitcoin, we should by now seeing a lot of decline in the price and a lot of people will also be talking about it as the cause of the dump for bitcoin. There are some ways that may never affect bitcoin no matter how serious the war is in that region. Some specific countries that own the highest world power have more effect on bitcoin price when theyre at war than when theyre not.
I don't think the conflict is now a full-scale war, or at least neither side has declared that they are now in a full-scale war. The tension in the Middle East is only going to intensify with this conflict, coupled with Israel's war in Gaza. That being said, this situation is not going to cause a dump in bitcoins price, Israel and Gaza have been at war for close to a year now, and i have not seen anyone talk about any direct relationship between that crisis and bitcoins price.
I am not afraid of any dip regardless of it being a big one or a small correction that is going to happen. I am not too long in investing in Bitcoin but I have already developed a tougher skin for anytime that the market gets a correction. The corrections should be seen as a means to buy more when you have the spare cash but not as a means to panic. Wars historically has brought about a dip in the market when it involves countries of interest to the United States because not all type of wars affect the market. It is because of fear that the market begins to dip but it does not stay that way for long as the market is going to recover. Anything that wants to come out from the war is still not going to have much effect on Bitcoin because the bull market is coming and no bad news can stop.that from happening.