Bitcoin Forum

South Korea BTC is trading at $20K right now.
Do you think this is pure speculation or are they actually partially hedging against an event of an outbreak of North Korea, American war?
If US goes to war with North Korea tomorrow, I feel BTC could surge by 100% in one day - what do you think?

As of now, Korean exchange BTC trading at 22.7K while the international market is trading at 16K

If a war broke out

1. NORTH KOREA:Kim would buy MORE bitcoin because he knows he will almost lose for sure. The only way for Kim to preserve his wealth is probably by buying a bit of everything but mostly things like bitcoin. He could run away and hide in somewhere in China after NK loses.

2. South Korea would panic BUY bitcoin because Korean Won value would probably depreciate by 50% overnight. Also, if South Koreans were to run away from Korea the only quickest viable way to protect their wealth is to buy bitcoin - then take the hardware wallet with you to another country

3. Japenese average Joe would also BUY bitcoin beacuse they fear the war would drag down Yen's value and they would rush to preserve their wealth

4. In general all East and SE Asian currencies will face downward pressure pushing people to hedge by buying BTC

5. If China supports NK in the war, it will be a war between China and US. China+ NK probably will lose, this will induce a huge instability within China and Chinese will again, flock to bitcoin to hedge against it.

Thoughts?

I agree that if war broke out in SE asia that the masses would start transferring their wealth into BTC and the price would shoot up dramatically. Though I do disagree that China would enter the war initially on the side of NK if they did at all. I think that they are thinking more globally at this point more than regionally and would see a war with the US as something that would not end well for either side. Not to say that they wouldn't do things to hinder the US, but wouldn't join in overtly unless the US gives them a reason to do so.

North Korea is like "SIBERIA", north cold,

But you talk about "SE" the SE of ASIA is like Beaches, like "The Beach" ( a movie )

R ppl really this ignorant of geography?

NK has the largest mineral wealth of 'rare earth' on earth, and OIL reserves exceeding SAUDI, this is all U need to know why USA wants to STEAL NK

The chinese & south-korean are already in play

The SE ppl in general are dirt-poor, and thus like a person in Africa, BTC is not on their mind, rice and potable water is a higher priority.

USA is bring WAR to KOREA, no fucking DOUBT, rich ppl ( asian ) have no where to hide their money, as USA will destroy all the NORTH-ASIAN banks in their 'war'

There is no other recourse for USA, its either STEAL NK now, or civil war at home.

NK has the largest mineral wealth of 'rare earth' on earth, and OIL reserves exceeding SAUDI, this is all U need to know why USA wants to STEAL NK



[size=20pt]Like the rich say in China "BTC is the currency of God's", you got to be a RICH GUY to even be in the game.[/size]

How can he buy BTC if he is not trading outside of his country? Does NKW have any worth on other countries? He is only trading with China and China ban trading their bitcoin to other countries.


I think that's what happening right now, some people are trying to protect their Won and is converting it to bitcoin for future withdrawal.


This is right whenever the war begin almost all of the countries in the SE will be affected by the war since investment on their country will drop.

No comment on this one.


I don't think that us will defeat China that easily in war, China's army size is massive than US and they also have a lot of armaments.

It is clear that this is possible. The situation in East Asia has become more and more tense in recent two years. Sometimes it feels like waking up in the morning, there's already a war there. The enthusiasm of South Koreans compared to special currency for the past month is rising, which suggests that bitcoins are being increasingly accepted by more countries and individuals.

a country in asia like japan, korea, china makes a war for bitcoin price and now there is a big difference for each of country. korea market now leading the position of bitcoin price but I see china and japan trying to compete with them. I think this is a good thing for us because if the price can increase more than now, we can make a lot of profit while the price is at the top of the price. we are going to see a new leader of cryptocurrency in asia soon after this war.

Once upon of time the price of gold grew during wars, bitcoin is somewhat similar to this metal, so from a historical point of view, thought has the right to exist.

When war breaks out the only thing you need is food and drinking water man, and in case of bitcoin many would not have access to internet at that moment.....

BITCOIN will end  up as some kind of SDR a universal metric of a HUGE amount of money that only gods will use,

Some alt-currencys will fall out of this for day2day business use

Some 90% of BITCOIN will be ASIAN action, the west will largely be controlled by its failing GOV &BANK, and MIL-COP system of police-state, where the average joe is left out of  the game,

ASIANS know that paper money is worthless, but Western people have no education or knowledge of history that the US DOLLAR is just toilet paper backed by a GUN (NUKE).

The USA will do something STUPID in ASIA, perhaps North-Korea, and the entire world will dump the US DOLLAR, then BITCOIN will skyrocket in USD terms, but this means nothing as the USD will have no value, thus a BTC could go to a Trillion US DOllar

Why would war make bitcoins more expensive? I don't get the logic. Would people be panicking to get out of fiat or for some reason you think they'll want bitcoin for some other reason?

Yes I am sure that it is the biggest factors of the bitcoin price increasing, not only korean people but also japanese people, they are convert their fiat into bitcoin to save their wealth. Its good for bitcoin. Its so logic, isn't it? Potential korean war is the biggest factor, its my opinion.

The USA will bomb the shit out of NK, and it will have little effect, as NK is not known for its BTC exchanges, or mining farms :)

SK would of course be badly hurt by retribution, but bare in mind that USA could take out most offensive ballistic sites in first few hours of bombing NK,

The internet was designed for this shit, its NOT going down, also most ppl in ASIA have smart phones, the INTERNET is NOT GOING DOWN

HELL YES, if USA starts bombing NK tomorrow BTC could go to $500k USD, why? Because SK ppl have no place else to hide their wealth

But make no mistake the BOMBING of NK is just so USA can steal their wealth and buy some time to keep the USA corporate welfare plantation alive, the USA is going down, and whether that be 2018, or 2022 its going down, and BITCOIN will skyrocket once the world loses confidence in the USA/USD Murder-Inc criminal racket known as US-MILITARY.

Yes, KIM is smart enough to know that JAPAN & South-Korea are USA slave colony's just like Taiwan, and Philiipines.

Thus KIM will BOMB the fuck out of TOKYO, or have his plants burn it down from inside,

Thus BITCOIN will go to $500k, cuz the Japs&s-kors have no place to hide their wealth, when they flee their homes and head to the farmlands of japan, as the citys will become hell zones.

The real question is DONALD TRUMP this stupid?

Hell yes, and he's doing gods work, cuz god lives in Israel.

Why is their so much post that war would happen? Can't we just live in peace? I know that bitcoin price is too high right now but that doesn't mean their's war upon us.

Asians have known constant tribal war in ASIA for some +4,000 years, and all along, you kept a couple ounces of GOLD buried at home, and in time of war you fled to a new place to farm with the family.

Now today, GOV made it impossible to FLEE with GOLD, thus BITCOIN allows ppl to keep their wealth safe from criminals and GOV cop criminals.

When everybody BUYS something the price sky-rockets, likewise nobody wants the local currency, cuz in times of war there is NO confidence in the government.

***

The USA brought this shit on, Israel wants the North Korean OIL&RARE-EARTH minerals, its said that OIL reserves in NK rival saudi, which is now kaput, the zionists of saudi/israel want North-Korea, and China is NOT going sit on their ass nor Russia, so we're talking WW3,

ONLY place to hide your money will be BITCOIN

You think Kim will wait for the day when war begins? He dont have any advisors? Come on, he seems to have already been preparing to invest his money and trying best to hide anywhere in world. He dont want to get in position like Gaddafi or Saddam.

but there are other countries with much higher prices like this too. what can you explain about them? for example price was above $20k in India and someone said it is above $20k in Zimbabwe too but i didn't check it myself. these countries like India have no war or anything, they are just buying because the demand has been increasing with a high speed. and also it is partly due to panic buying that people are now "scared of missing the boat" because they have been waiting for a couple of years and seeing price go up from $200 to $10,000 so they don't want to make the same mistake again but they are making another mistake now!

Agree. People will save their money into savest place that is bitcoin. Make bitcoin double.
But if this war happen then i will not support at all since i do not like war. Peace is better.

Obviously, it is the tension of relations between countries that provoked in North and South Korea such a distinctive from all the big bitcoin rate of 22,700 dollars. Indeed, people are preparing for the worst. If a war breaks out, the bitcoyne rate in this region will skyrocket even in comparison with the sharp rise in bitcoin prices in the rest of the world, because inflation will immediately rise to cloudy heights.

Do you think this is the main reason why bitcoin price skyrocketted now? Because of my busy life I haven't watch or read any news about the war. I wish only few people will get hurt if it will happen. For me, who doesn't have a good amount of btc, the increasing price is good but do you think it will continue to rise? If yes then those who hold btc will have a good christmas and new year.

IF killing millions of CHILDREN in North Korea with white-phosphorous bombs made in Israel, and dropped on NK makes BTC sky-rocket, then U know that the vast majority on this forum, will support TRUMP and his insane wars.

South Korea, Japan, Taiwan or all Post WW2 USA colony's, North Korea, is the only place that is NOT owned by CIA.

Will the USA kill 50 million north korean people to protect the petro-dollar? Yes

Remember if the war starts in Korea, it will also mean that KIM retaliates on ALL USA puppets country's in area, which means that all these country's backed by USA-IMF banks, that their currency becomes worthless, as the asian people will flock to CHINA/Russia alliance, and drop the US-DOLLAR

BItcoin is a conduit to escape USA colonys

A war will not benefit anyone.  >:(   -== The supreme art of war is to subdue the enemy without fighting. Sun Tzu ==-
Why do we have to destroy lives, to change the world? Why do we need WAR to drive up the price of Bitcoin?

Bitcoin cannot be built on the blood of mostly innocent lives. North Korea has been preparing for war for many years and South Korea have been building bunkers for most of that time. Bitcoin can help them to protect their wealth and also to give them mobility, when the shit hits the fan. <Bitcoin is borderless>
 

Because war is very profitable for certain people. I guess when you get your hands on such amount of power and wealth you start playing with peoples lives in order to profit. It is greed at it's finest. Cyber wars are the future and are happening right now. I certainly hope there will not be any nuclear wars in the near future.

i think it is possible.
if it were a couple of years ago, even last year, i would have said the effects won't be much. but this year many things changed about bitcoin and the attitude of people towards it. nowadays many are considering bitcoin as a legit investment and a good one at that too. they are including it in their investments alongside old ones such as gold.
and when something like a war breaks out, many will start thinking about storing their money in a safe place and since bitcoin is one of them now, they will be buying it causing a big bull run.

Let's see in the 1950's the USA killed 50 million people in North Korea? Why?

Since then the USA has controlled Taiwan, South Korea, and Japan. Note that Post WW2 Taiwan & Japan were just USA Army bases, during 1950's USA moved most of their bases to South Korea as a launch point for colonizing North Korea.

In spite of killing 50 million people the North Koreans' remained strong, and prevented USA aggression, now bump to today, Japan wants USA OUT, South Korea wants USA OUT, and Taiwan wants USA out.

Phillipines have already kicked SAM Uncle OUT, and Okinawa has banned marines from leaving the bases, as all they do is get drunk and rape children.

USA solution? Is to KILL MORE KOREAN PEOPLE, the funny thing is that in the next few years US GOV is going to start murdering its own people, plan is to reduce USA population from current 320 Million to 80 million by 2025.

I think it is purely speculation and not military politics, because I see that south korea is not ready to make threats to north korea. but different when speaking north korea, i think bitcoin has a very important element on their defense. but I can not be sure that bitcoin prices will rise 100% in a day when war is between US and north korea.

The USA will BOMB North-Korea into the stone-age like they did in 1950's to NK.

NK will lob bombs at the lackeys Taiwan, Japan, & South Korea who eat USA shit, and Suck Uncle-Sam nut-sack;

What most people don't realize is that South-Korea, Taiwan, and Japan are the 53,54, and 55th States of the USA, so South Korean people know that if Uncle-Sam bombs NK, then Seoul ( Wash-DC of SK ) & Tokyo-Japan get wiped off the map.

Asians are long term thinking people and today the only safe place to store your wealth to you can flee the coming civil-wars is BITCOIN or other crypto-currencys.

im not a busy person and infact im always logged in here to the forum every single day but im not aware of this kind of news about country wars though i heard before that the china had a war of something and then now it is south korea that is making the headlines hot but i still dunno if these news was legit or just a plain hoax?  yet one thing for sure, prices of bitcoin are not totally related to it and this is not the main reason why bitcoins value has skyrocketted.  prices of bitcoin are related only on the demand and supply of the market.



lol, i didnt actually know that war is verry profitable than hodling and trading a bitcoin. war happens not because of power and wealth or playing with  people lives, war occurs when theres a terrorist that attacks a certain countries. cyber wars is also pretty normal because people can say something offensive/ inapropriate  or whatever they want online without exposing their real identities and i think this is not a real issue that we should worried about.

This would be an extremely stupid strategy.  Even if this scenario is true or likely there's only one glaring problem:

If Koreans and Japanese are putting their money in BTC the minute that they have fully done so and the volatility of these transactions flattens out, everyone else in the world will dump their holdings and take profits since they know that these people are just using it for a short term transport of wealth to be deposited later elsewhere....essentially sucking out everything these two nations put in and then some.  The price would wind up right back where it was before the pump.

This is probably too abstract for many to understand so let it sink in before you react.  If people are really scared of war, they are better off pulling cash out of their banks and putting it in a foreign investment account.

If we consider the post-apocalyptic scenario for the development of our world, then strangely enough, bitcoin can remain a payment medium. Local foci of life that have their networks and nodes synchronized through external storage devices. Cold hardware wallets ...

Majority of price has been KOREAN exchanges, this has been true for months, a known-known, well known to those who follow macro

Pretty much since August 2017, BITCOIN day-trading has taken on a MANIA in South-Korea, Forbes did an article months ago, if you wish to recap

The KOREAN-WON ( KRW their money ) has always been a shit currency, like 10k krw to the USD, reminds me of turkish or italian lira

South-Korean people know its just a USA plantation slave colony for SAMSUNG products ran by USA GOV NSA-CIA spy operations, they know there is no future in GOV currency, so why not invest in something? It's like the only game in town.

Again read the Forbes article, they do a good job of explaining how this all came about.

Regarding the war, talk to TRUMP, potus of USA, he seems to be the person talking about bombing NK for Israel

Well U could say the same thing about GOLD, you could say as soon as the WAR is over everybody sells their gold and it becomes worthless, but its doesn't work that way? does it?

ASIANS are savers, not idiots like white trash, ASIAN are like the toroise, and white-trash are like rabbits in heat churning btc on exchanges that will be out of biz tomorrow

The problem is 'fleeing' the war with gold no longer works, everywhere in world now has metal detectors that go off everywhere you go on earth, thus gold brings unwarranted attention,

The ONLY secret way to move wealth without visible notice is BITCOIN like cryptos

the "war speculation" has been around for a while now and in everyone of them that i have seen, majority of people are saying the price will rise because people will be buying more bitcoin.

well first of all that may be true to some extent so price will actually go up because people are trying to store their money in bitcoin to be safe.

but also the important part about speculation is that when enough people expect something to happen, they will act on it. in other words others will expect the price to go up so they start buying and that means a bull run.

A war by definition, means there are NO banks, besides the banks in SK, are USA controlled like JAPAN post ww2

Post war this time the banks in asia will be AIIB controlled, thus anybody who leaves their money in CIA-IMF  banks will be a loser, BITCOIN is the only POLITICAL NEUTRAL CURRENCY on earth.

Gold would work out exactly the same.  I didn't suggest gold so I don't know why you are trying to direct my attention there.  With gold there would be a pump and by the time those people cashed out their gold ETF (no one would be dumb enough to try to walk through customs with $10K+ in coins...they would be warned) they would be looking at a huge loss since the short sellers would come in immediately like sharks in a frenzy.

Why does their cash moves need to be secret?  If they want to be dumb money speculators let them put their money in BTC to artificially pump the price then more power to them.  If they want to preserve their money they can move it to an offshore brokerage account.

Besides...if Koreans and Japanese move to nearby countries, their BTC (when transferred to fiat) would become known to the central banks seeing as how few, if any vendors in the Pacific Rim accept BTC as a mode of payment.  So even if one is trying to keep it a secret for whatever reason...you complete the thought....I don't see the point of secrecy when we're talking about war refugees.

Where do you get this info?  We are under the assumption that Koreans and Japanese would start pulling their money out before the bombs start falling.  If the USA and Korea break out in war that means all of the banks in HK, Singapore, Philippines, Indonesia, etc fall under some form of NWO control?  I am beginning to think that your dopamine levels are WAY too high and you need a full night sleep since nothing you are saying has any coherency or consistency.

How about USA, SK, Japan lose and China, Rusia and NK win??? what's going on???

Agreed. To reserve their wealth they have to buy more bitcoin

If that happens there won't be a winner...especially crypto hodlers.

There is little correlation between war and the price of bitcoin. While bitcoin is a hedge against a downturn, a limited conflict in a specific place in the world wouldn't even affect global markets let alone bitcoin. If anything the prospect of death and destruction in South Korea would lead South Koreans to use bitcoin.

Not everyone is rich enough to have a foreign investment accont.
Think the average citizen who owns around $70K USD of cash, if a local war i.e. US to NK is 90% likely to break out, they would most likely immediately buy $40/50K USD worth of bitcoin, store it on a hardware wallet, whole family flees South Korea and stay at friend's or relative's place overseas place somewhere in US or Australia or China until things calm down.

Anyone can open an e-Trade account and fund it from their bank.  They can later open an account in another country while they are waiting out any violence.  Putting 100% of their cash savings into a volatile speculative instrument like BTC is reckless and irresponsible....as much as the reckless and irresponsible sociopaths on this forum would love to see the average unsophisticated citizen of these nations take such a risk.

Honestly that's not how I would do it if I were in that situation. Remember, if NK strikes out of the blue, they don't necessarily give you a warning for like 10 days for you to open your account and deal with your bank for 5 business days.

If I were them I would just go to BTC exchange, buy, load on hardware wallet, gone tomorrow. Opening a new account in another country usually is restricted to residence. If I'm there for a few months I won't be able to open an account overseas.
Of course everyone is entitled to their way of doing things.

Discussing how a war might push BTC price up does not mean we wish to see a war. It's just rational discussion and action reaction observation / learning / ideas exchanging.

Calling people reckless and irresponsible sociopaths is not necessary - of course again, in my opinion - you're entitled to have yours.
 

so now North Korea which has been kicked down the road since the fifties is trumps fault, good grief. Bitcoin would be gone in the koreas after the communication and cyber attacks

Yes I think you are right because bitcoin is associated with market trade and it’s a digital currency in case of any emergency there is no doubt that bitcoin price will be disturb in North Korea and also its price will be drop in South Korea as well so war is such a bad impact for any currency but the good thing is that its price will be good in other countries because bitcoin have no link with war it will change its direction to ward other countries but we can wish that there will no war between America and Korea.

Dude if war did break out with North Korea they would dump everything they have on SK, Japan and probably launch at us miss. When we strike them china and Russia will be pissed. It would be a very ugly conflict with cyberattacks and all kinds of crazy shit. Probably gold is what you would want to have. Anyway, we have been "about to have war" with NK as long as I can remember. We just always need an enemy to feed the military industrial complex. If you want to profit on war by gold, silver and defense/weapons maker stock but it's a terrible way to make money

If a war starts soon, people will definitely prefer transferring their funds to bitcoin to further secure it, rather than give it to banks.