Politics, Polls and War Games. How Will Bitcoin Be Used?
Politics, Polls and War Games. How Will Bitcoin Be Used?
The scenes coming out of Ukraine are horrific and I can not fathom what the people of Ukraine must be going through right now. Many of which I have come to learn are right here with us on Leo Finance and Hive. Through your stories I can get a first hand view undistorted by mainstream media and the likes. My thoughts and prayers are with you through this period of time.
I jumped onto a few servers last night to see the decentralised chatter around the world and gain a larger perspective of what was going on. It appeared that Putin had been providing media updates to Russia that Ukraine we're Nazi's. I decided to do a bit of digging and I did come across an article that showed a sect of the Ukraine National Guard were in fact Ultra Right Wing Neo-Nazi's and Russia was pushing this point to justify their entry into Ukraine.
Does this justify an attack on a neighbouring nation? No. War is never justifiable and it is the innocent that will suffer the most through trauma, death and loss. I further explored Russian channels to many being upset at Putin as it turns out Putin's approval rating has sunk to all time lows as he amends Russia's constitution to remain in power until 2036.
The last time Putin's approval rating was this low was in 2014 to which he decided to invade Ukraine and take Crimea and it appears Putin is up to his old tricks be attempting to claim Russian separatist states as Russian in an attempt to regain popularity in the polls. Politicians eh.... Do anything for power.
Putin's Approval Rating
While we condemn Putin's actions we must also extend that condemnation to other nations who participate in the same war tactics to boost political footings and yes there have been many over the years.
How Will Economic Sanctions Pan Out?
Nations are Imposing economic sanctions on Russia which will impact defence, technology and finance in a bid to stifle Russia's advancements. However, economic sanctions work with democratically elected officials that cause voters to turn on their leaders. But as the link above indicates Putin isn't planning on going anywhere anytime soon extending his position until 2036.
The biggest losers are the people as we can see the ramifications felt by people in North Korea and Cuba who wear the full brunt of their leaders decisions.
But it needs to be raised will these economic sanctions work? Russia is a vast nation with a healthy gas and nuclear power supply so their technology may only be slowed but not completely stopped. With the emergence of Bitcoin we have seen it aid Cuba and even a former Ethereum manager went to North Korea to teach them how to evade sanctions.
Bitcoin itself dipped due to war which was always going to occur and we will start to see inflation rise and commodities become expensive which has its own economic impacts on nations who do not have sanctions as their disadvantaged communities struggle with the cost of living.
Bitcoin yesterday was being transferred to Gold as Gold surged and Ukraine nationals withdrew fiat in the event their money wasn't accessible. However, US and Russia are some of the largest Bitcoin players and as a large chunk of Bitcoin investors are now mainstream investors they were removing their positions to buy into Gold which was a better opportunity.
But as economic sanctions are now imposed on Russia I think we will see Bitcoin and crypto currencies grow in a time of war as they enable the free and unhindered transfer of wealth across borders. Of course an exit point to fiat still remains a barrier but as there are a growing number of merchants now accepting Bitcoin this barrier will soon be removed.
China's Rise
In times of war there are winners and losers and as the world was cautious of China joining Russia and invading Taiwan seizing the current geopolitical opportunity. However, China has a different view declaring Taiwan is not Ukraine and it has no intention of going to war except deter separatists who are engaging in provocation.
This confirmation of not engaging in war will secure private investment and see Chinese and South Asian stocks and shares rise as political stability is being offered.
What does this mean for crypto?
A direct correlation in Luna's break out price is underway as the South Korean Nation as it's political stability has been confirmed by China which poses no risk to investment.
So as the west prepares to fight the Russian advancement and suffer heavy economic losses as this war unlike Iraq and the middle east will be waged by similar might. The worlds finances will move to economic and political stability in Asian regions. Bitcoin may be in troubled waters for now.
Image sources provided supplemented by Canva pro. This is not financial advice and readers are advised to undertake their own research or seek professional financial services
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The people doing V2K want me to believe it is this lady @battleaxe Investigate what she has been up to for 5 years. Its the next step to stopping this. Make her prove where she has been for 5 years or where she is now. She is involved deeply with @fyrstikken and his group. Her discord is Battleaxe#1003. I cant say she is the one directly doing the v2k. Make her prove it. They have tried to kill me and are still trying to kill me. I bet nobody does anything at all. Make @battleaxe prove it. I bet she wont. They want me to believe the v2k in me is being broadcasted from her location. @battleaxe what is your location? https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism
https://twitter.com/ValloneSimon/status/1497026238250369025
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Keep in mind that far-left SJW organizations such as Vice massively exaggerate the so called "Nazi" problem. SJWs call ANYONE they don't like a Nazi; the way they tell things you would think there are evil Nazis lurking around every corner with football stadiums full of them planning their next mass terrorist attack. Actual Nazis in 2022 are extremely rare and in low numbers and are a minimal threat, as it is pretty much the most socially unacceptable group to be associated with in the world.
I wonder if Vice's alarmist nonsense regarding Nazis was actually used as an excuse to invade Ukraine. Wouldnt that be something? Self righteous SJW virtue signalers that claim to be fighting evil, in the end in fact end up doing the exact opposite and CAUSE evil by acting as a pawn to give Russia a false pretense to invade and start a murderous war.
I was thinking to buy some spot gold when considering the war between Russia and Ukraine, but I changed my mind when I look at the crypto market today, it's not worth for me to do the margin trading on the spot gold as it's too risky
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Luna is on a price run atm I think it will do well through this period especially as China remains out of the war as long as it maintains that position.
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I didn't add Luna in my portfolio, just take a look on that, as you said it has really strong momentum this month, I have added this coin in my watch list and will buy some when it has a small correction, thanks for heads up
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