...apart from war in Ukraine, what else could affect the price of BITCOIN? by toofasteddie

View this thread on: hive.blog | peakd.com | ecency.com

hive-167922 · @toofasteddie · Jan 25 '23

$6.93

...apart from war in Ukraine, what else could affect the price of BITCOIN?

The question I ask myself at this point is, where would the BITCOIN price be if the FTX debacle had not happened there by November 2022?
The truth is that I have the impression that this is the "floor" where we like to be in this BEAR Market, surely, the only thing that FTX did is give the last thrust to the price that was already considered oversold in November.

While there are still some who are waiting for the price to go to the catacombs, I have to say that I can't think of **triggers** that could cause this situation in the near future.
BITCOIN's **resilience** is formidable, with a catastrophe like that of FTX and the following ones that came collaterally, the BEARS should have made their wish come true and this has not been the case.
Rather, what has happened is that everyone who has not been involved in one way or another with the FTX Business has continued to accumulate and buy.
You can see the most graphic example if you consult what the [TOP100 Richest BITCOIN Wallets are doing](https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html) this week.

![](https://images.ecency.com/DQmNbR5knP8kcdCcMxgAqRe5LDULHWaMQz5fkPb7FQR3DYS/image.png)

Pandemics aside, I can think of only **one scenario** that could affect in the short or medium term not only BITCOIN but the entire global economy and it is the possible escalation of the war between Russia and Ukraine that could make the countries intervene more actively. pro-Ukrainian countries/states.
Lately the European Union with Germany and France leading the process, have agreed to send more military resources to Ukraine, specifically the most advanced tanks available, which is why Russia has already verbally threatened the possible consequences for the West.
The situation is really scary and if we didn't have enough with a pandemic, a war at the **gates of the West**, a deep world economic crisis and others... more "actively" involving world economic powers in this conflict could become the **great nightmare of the 21st century**.

If this happened I don't know what it would mean for the BITCOIN price, but surely nothing good for any type of economy...

What is your opinion?

@toofasteddie

👍 ecency, hodlcommunity, mangos, maarnio, slobberchops, steemmillionaire, dalz, piotrgrafik, vlemon, xels, chorock, sharpshot, erikklok, anadolu, jskitty, logic, muratkbesiroglu, fullcoverbetting, isotonic, costanza, mistakili, votehero, borsengelaber, solairitas, acesontop, joetunex, dannewton, santigs, plantstoplanks, toofasteddie, amico.sports, good-karma, break-out-trader, karinxxl, kokoliso, uyobong, sbi3, hivehustlers, runningproject, antoniojoseha, ultratrain, joele, codingdefined, manuvert, calisay, mitchelljaworski, sapphirecrypto, moretea, hivelist, mrhill, solairibot, mayt, alzee, soluce07, evernoticethat, portugalcoin, maddogmike, defi.campus, beehivetrader, minnowshares, officialhisha, esteemapp, growandbow, earthsea, and 71 others

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@acesontop · Jan 25 '23

$0.05

We can say that we already have a world war in Ukraine as Russia is actually battling against the whole world. At least two years from now on I see BTC on a bullish path.

👍 toofasteddie

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@toofasteddie · Jan 25 '23

Yes, I agree, but imagine if Europe get into the war as a direct party now

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@acesontop · Jan 25 '23

$0.05

I don't want to imagine that. I will not participate, that's for sure...

👍 toofasteddie

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@borsengelaber · Jan 25 '23

$0.09

Well if we follow the narrative of digital Gold the Bitcoin price should profit from any uncertainty or escalation you describe in Europe. Agree with you that we are seeing relative strength compared to the cascade of black swans we saw last year. Luna, Celsius, FTX…

My fear regarding shortterm BTC price is rather a collapse of Binance. That would be FTX squared and more. Hope that won’t happen. 🤞🏻

👍 toofasteddie

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@toofasteddie · Jan 25 '23

Indeed, a collapse of the biggest exchange ever would be a disaster

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@ecency · Jan 25 '23

**Yay!** 🤗<br>Your content has been **boosted with Ecency Points**, by @toofasteddie. <br>Use Ecency daily to boost your growth on platform! <br><br><b>Support Ecency</b><br>[Vote for new Proposal](https://hivesigner.com/sign/update-proposal-votes?proposal_ids=%5B245%5D&approve=true)<br>[Delegate HP and earn more](https://ecency.com/hive-125125/@ecency/daily-100-curation-rewards)

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@india-leo · Jan 25 '23

$0.02

Indiaunited Curation 1674666401108

This post has been manually curated by @bhattg from Indiaunited community. Join us on our [Discord Server](https://discord.gg/bGmS2tE). 

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators. 

<sub>**100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.**</sub>

👍 toofasteddie

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@poshtoken · Jan 25 '23

$0.05

https://twitter.com/1215943702646001664/status/1618281300422713344
<sub> The rewards earned on this comment will go directly to the people( @toofasteddie ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>

👍 toofasteddie

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