I was curious why everything went red as well. I can't imagine war having an effect on crypto but I guess it does kind of affect everything.
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I was curious why everything went red as well. I can't imagine war having an effect on crypto but I guess it does kind of affect everything.
It is programmed into us, everyone who has followed the crypto markets for a while can feel that. As China banned cryptos in September 2017, people sold (and that was understandable as it actually impacted crypto markets directly), but prices still boomed a few weeks later. When Russia attacked Ukraine, people sold, but then prices quickly got back. Now people sold as Iran attacked Israel, but I believe this was mostly just the "automatism" of selling because we know that the markets will react negatively to such an act, but then people also know that this isn't really gonna affect crypto that much, so it is rather a game of catching the bottom before the price returns back up.
But, I am much more curious on how the halving will affect the markets short-term... long-term I don't worry, but short-term... it might become a real rollercoaster!