Bitcoin Forum

I have been thinking about this scenario. There are still many people who are thinking that the possibility of a global war can happen anytime soon. The destruction that WW3 can bring may put humanity on the brink of near annihilation.

Now, am thinking...what will happen to Bitcoin if WW3 erupts? Will the value diminish or will it freeze itself? Some quarters are saying that in a global war, gold can be better but still you can not eat gold...so food can be more valuable.

I am pessimistic about the chances of BTC in case of a WW3 occurring. But it also depends on whether the United States gets involved in the war or not. If the US is not involved militarily, then the value of USD will rise, and correspondingly the value of BTC will go down.

Perhaps we need to take into account other aspects of this issue. Will conditions for the existence of bitcoin in general, in the event of a third world war. Although all wars were not carried out to the detriment, to earn money. This is clearly visible in existing conflicts. But I hope we can avoid this.

If the scale of destruction would only be like WWII I would trust bitcoin to remain relevant but that would not be the case. WWIII would be a totally different beast. It might still retain (even increase) value during the first few months of the war if it starts conventionally but once the nukes go out one by one, you can say goodbye to it. The destruction would be immense.

Now let's be optimistic and just hope that they'll just detonate the nukes above the atmosphere to create a EMP. That could result to less destruction and less death but it would still be chaotic, with the power grid taking years to be repaired (remember war is still ongoing).

So I'd say convert as much bitcoin as needed to fund your escape abroad if there's a high likelihood you'll get nuked. Stuff all your gold and silver bullion where they'll less likely to be stolen (with everyone panicking it's unlikely you'll be able to exchange them all). Take all your jewels with you (they're also basically money). Upon arriving in a different country, sell off all your bitcoins and use that to buy essentials and prepare for the war also reaching that country.

In case of war the most valuable things will be: shelter, food, water and medicines. All the rest will lose value. Unless they will exchange gold for gold. Therefore, it is necessary to prevent the incitement of war.

I think that it is of great importance where there will be war. If the war is in America, the dollar will go down. Accordingly, bitcoin may raise. The development of bitcoin is held back by a lack of cash its shape.

Having nuclear devastation would most likely leave any digital transaction to a halt. We may even be looking at mass extinction here as if ww3 breaks out, it's effects would not be felt within the war itself only but for decades after it. That's why its very important for our leaders to realize that a lot is at stake with their decisions. Its not going to be like ww1 and ww2. Imagine thr horror those wars made even without nuclear weapons access. Ww3 would be the end of us if world leaders will think foolishly and selfishly

Yess and if there is no electricity you don't have bitcoin. Biticoin is not a doomsday currency. However, with all of that said, the previous world wars didn't eliminate electricity all over the world, only in select areas...so, if you're in one of those areas for WW3...just hang tight, hodl that shit until the lights come back on!

Those guys who had electricity and were not very active in the war were fortunate.

---

If most countries where bitcoin has more trading volume participate in the war, bitcoin will greatly lower its price

Do you honestly worry about bitcoin ins situation when we will have full scale nuclear/conventional war?
It is like worrying about mosquito bite when you are dying from king cobra venom.

I would be more worried about social revolution, poor vs. rich than WW3. It's more realistic threat IMO.

I am sure when world war 3 should break out, with the level of destruction that is being envisaged and that prediction you have there eventually comes true, I believe people will have more serious things to think about than bitcoin because the reason why we can still have access to the internet, send coins, comment on the forum is because there is relative peace in the world and the moment that is taken away, then our priority will shift to the only thing that matter which is survival.

Yeah, Bitcoin needs massive datancenters in order to survive who are going to be running ASIC's / Nodes and so on. So, if power is something that is non exisistent or pretty much being rationed on I highly doubt people would be using the power that they only have a set amount of in order to gain more bitcoins in which may amount to buying nothing with them.

Bitcoin relies on an extensive amount of technology, I highly doubt it would be able to survive in the least in circumstances like this in WW3. As WW3 would probably also include a gross amount of Nuclear warfare and so on.

I believe that Bitcoin will be our last resource in times of need. Especially during a complete and total war. Think of all the taxation that will be done to raise funds for the military. On top of that, forex trading will not wish to invest in any country's currency who is under an attack from a war.

I believe that people would have to look to Bitcoin in order to keep their financials in check -- and in order to survive. Imagine a tyrannical nuclear war were to break out. No businesses will be able to run and freedoms will be taken away in exchange for martial law where leaders and politicians can do whatever they please. The IRS would collect all the money, homes would be raided.

These are really scary and drastic proposals, but it's truly what the government will do to its citizens in the name of security. Therefore, government will lose all respectability causing the masses to flock to alternative currencies. And for that, the only trustworthy one is Bitcoin. Therefore, I believe that Bitcoin would surely profit during a war.

Another risk is the confiscation of funds. If the government runs out of money to wage wars, then it will start confiscating wealth from its citizens. And this can include bank deposits, bullion, real estate, and even Bitcoin.

I'm sure that someday the world will be coupled with the single currency, one side it's good but the other side will create a monopoly and the embargo so as to make others suffer.

Let me finish this topic for everyone. If we have a WW3,  I can pretty much assure you that, along with alot of other shit, bitcoin will no longer exist. And if it does, well, you probably have some pressing, radioactive shit to worry about instead.


WW3 = total destruction = no internet = no bitcoin.

We do not pray for ww3 but for your question what will happens to bitcoin if the ww3 breakout? During wars what people will be thinking is survival! No body will put their minds in bitcoin or gold. Foods water and others necessities will be the first priorities maybe after the war then bitcoin will play an important role of economic recovering.

its too sad to think if this is going to happen. More or less bitcoin will lose its use since war will cause a lot of problem in online community, overall communication. So I hope WW3 will not happen.

if a world war 3 occurs may bitcoin will be frozen, severe damage of the war certainly lethal means and infrastructure technology, perhaps some exchange will be closed temporarily, and data loss. yes i agree if groceries a luxury item if there is a war.

If world war III erupts the first one to be destroyed are the satellites in space since those are necessary in winning the battle. This means that in the first wave of the war the internet connection will also be cut-off rendering bitcoin transaction and mining useless. Another thing is when the battle will occur electricity as well as computers storing bitcoins will be destroyed. In short if World War III occurs bitcoin will also die.

i wish this is would never happening but if someday really happened i predict annihilation effect will be so huge because most of countries already have highly sophisticated weapons systems even some of them also have nuclear weapon with incredible destructive power so WW3 would be the biggest wars in the history and i think people would not thinking how to save their bitcoin and in this case bitcoin will dead

To my point of view this will never happen. There are about 1500 operational satellites around the earth according to pixalytics  (http://www.pixalytics.com/sats-orbiting-earth-2016/) and imo is not an easy task to destroy them. Therefore, this not the case. I believe people will not bother with bitcoin because they will have to give priority in basic needs (food and water) and mining will stop because governments they will not permit vast amounts of electricity to be consumed only for mining processes.

I wish there is no other war coming up because war always destroys everything and nothing will be the same after a war ,like everything bitcoin wont exist if there is a world war because the first issue we will encounter is the telecommunication system and without it you really cannot use bitcoin let alone telecommunication systems. 

According to the Goddard Space Flight Center, there are more than 2,000 artificial satellites orbiting the earth. I don't think that all these satellites will be destroyed in case of a world war. So some sort of telecommunication system will remain, and will be functional with limited ability.

Valid point. Even if the network still exists, staying alive would take the cake, I don't think folks would bother with btc given how unreliable access would be in this situation. There might be nternet, but it just won't be everywhere. Also, ID much rather some ammunition, food, or precious metal, as they would be the most liquidable assets in this scenario. Hell, medicine, tools, seeds, nutrients, seasonal clothes, drugs, fuck it, anything that I can hold in my hand and has value, period.

Although magic internet money has its advantages, a SHTF scenario is not its shining moment.

In world war III is believed to be a nuclear war, and this will happen with terrible. Indeed you are right, I think satellites will not be destroyed because it is not the aim of world war III. But the impact of this war will only disturb satellite networks and not destroy, after this is exceeded will be back to normal. I agree with you, in this war I think the priority is not on bitcoin but on their basic needs. Bitcoin also I think are not going to die (like gold in world war II), and even the price could go up. Who will die is the currency because the economy certainly worsened in world war III and the impact on the currency.

Money and all forms of wealth loses value when catastrophes strike. Take the 1932-33 Soviet famine for example. Food became extremely expensive, after the crops failed. In Ukraine, peasants tried to purchase food with gold bullion coins and physical cash, but found that they are almost useless. Even when they could procure food against these assets, the exchange rates were heavily skewed. I am assuming that the same will happen in case of the next world war. Securing food will be the main priority, and cash/gold/BTC will lose their value.

What use has bitcoin when there is no electricity?

I think you will be better off focusing on water, food, shelter and medication.

Dude, technology has progressed so much that with a $10 solar panel, you will be able to generate electricity. If you don't want to use solar panels, then there are thousands of other options.

Ah that's right, I forgot I allready live in a cave so I don't need to worry about shelter.

Well good luck to you and your $10 solar panel then, hopefully there will be enough others keeping the network alive using solar panels, treadmills or bicycle conversions to get you that 1 confirmation.

get real.

Food to be expensive at that time I think because hyperinflation, so it's normal if currency becomes worthless and food to be very expensive. While gold I think even increase. Let's look at another example in the same time, during World War II in an era of upheaval (1930-1950) gold prices jumped from $ 20 per ounce to $ 40. I believe in a world war III bitcoin prices will also rise, because world crisis will occur that causes a lot of people save their wealth in bitcoin. Bitcoin is a valuable commodity besides gold that when World War III will be used by many people to save wealth. Moreover, bitcoin is very practical and easy to saving, so it will be the best choice.

If world war 3 will happen soon maybe lots of user of bitcoin would sell their coins the reason why is they will be needing money for to survive for the crisis happening to the world. If they died they can't even use bitcoin in second life much better to sell them or become worthless.

The fact that bitcoin will be sold is really so, but only the reasons will be different. I think that today many believe in the future bitcoin, but when hostilities begin, in the whole world, bitcoin will begin to lose relevance. Therefore, you do not want to risk your savings with risk.

I don't think that Bitcoin will lose its relevance. But at the same time, a lot of trade will happen as people will be desperate to buy food and supplies. The super-rich will start accumulating Bitcoin, as it is one of the few assets which can't be confiscated by the regime.

Looking at the gold vs USD exchange rates will give you only a partial picture. What if the purchasing power of the USD goes down by 50%? Even if the exchange rate rises by 2 times in terms of USD, the purchasing power will remain the same. And during the WW III, the purchasing power of the United Sates Dollar will go down significantly, if the US gets involved militarily.

Bitcoin will still alive bitcoin will never die even there will crisis happened on this world not unless bitcoin will be removed from internet and no one uses it as long as their an users keep using it for own good sake. I will probably sold all my coins if this happen I used it to survive for how many days if I won't died on this day hahaha

During the war, the national currency of the belligerent countries always fell, but the fact is that it is still backed up by a gold reserve. And with Bitcoin, the situation is different. Therefore, my opinion is that bitcoin with war is not friendly at all and if this happens, then salvation in peaceful areas or complete collapse.

It is true that there are more than 2000 artificial satellites orbiting but the receiver is in earth and when it comes to a world war you can never predict how things will end up with all the nuclear weapons every major country is holding,will tell you an example i was stuck in a place when there was a natural disaster and all the network crashed ,no mobile signals no internet and that might happen . When it comes to bitcoin,the price will increase when it comes to a unstable economic situation and especially during war.

Can't predict anything, because the chance of a world war 3 is extremely low right now. Had Hillary won the 2016 POTUS elections, then the chances would have brightened, but under Trump I don't think that there will be a major war involving the United States at least until 2020 (when his term ends).

I also have the same feeling. A great global war can disrupt anything and everything. I am predicting that in case a global war can happen, it is impossible for USA to just sit on the sideline and not to lead the efforts. However, let's all wish that nothing of this sort can happen to all of us. We need peace more than anytime of our history.

Depends on how much the global war will be. Can strongly fall in price or completely depreciate. But people will need to buy food and medicine for something. Perhaps weapons will be much more valuable than bitcoins or gold.

What if WW3 destroys under sea internet cables? China/europe miners could have their own chain and Americas miners would have their own chain. What would happen when they connect back? Could 6 confirmation transactions be reversed?

Amswer would be simple. It will take a very long time before any country can recover from ww3 if we can recover at all in the first place. We may very well be plunged back to the dark ages and the backlash for years to come may find not just bitcoin and internet not surviving very long but us as well

With regard to weapons during the war, his lot and the price is low. The expensive weapon before the war. Bitcoin can really reduce the price because there are problems with the Internet, and demand will fall. Gold is always a price, but when the conditions are very extreme speculators can reduce the price on it. To the extent that it will change for food, but it is also necessary.

Maybe bitcoin price would fall so much that 20k btc for a pizza would be a good deal! Internet money has no use if you starve to death.

I think you are right. Bitcoin (and any other crypto) will fork so many ways because the regional nodes won't be able to communicate with nodes in other continents or states. (At least we will have some BTC on each fork....)
Even if the electricity stays on - decentralization will be its downfall - until order is restored again.
It may however be a good store of value if it is in paper wallet or hardware wallet form. You can verify the balance and hand over an IOU based on the BTC value.

Rather than spending the actual bitcoins exchanges could cold store the BTC and provide BTC based tokens in the meanwhile that are either exchange based or on a localized network of nodes.

A bit like how gold, silver and assets were used to back cash. There could be an introduction of BTC backed IOU's by institutions that hold the BTC (I know this sort of defeats the purpose of BTC but it is a work around and financial institutions will continue to work out ways to get their hands on your assets) . The only issue would be that Governments don't take kindly to anything that may resemble cash.

In the case of a World War forget about Cryptocurrencies. Canned FOOD will become the new global currency.

First and foremost i wish that this world war 3 will not happen, because many people specially young ones will suffer and more innocents will die. In the case of cryptocurrency when world war 3 erupts , will be no use because it a state of war , food is the most important to people not bitcoins or anything crypto.

Yes... basic necessities like food and water will be the first priority for everyone, in case a third world war breaks out. But at the same time, those who have surplus food will be looking at the options to sell it for profit. But these people will be reluctant to sell it for fiat cash and may be looking to barter their output with either gold or some other asset such as Bitcoin.

I do not think that a third world war will happen. although it happens, bitcoin prices will definitely go down

You can not drive away, bitcoin will not exist during or after the Third World War (if the script is still played out). All money will naturally cost nothing, even the papers on which they printed. They will be able to drown the stove, and beatkoinom and melt completely fail. In the course will be, food, medicine, clothing and household goods, and all.

It will be quite exciting to see pump&dumps being orchestrated in tune with major bombing campaigns during WWIII. It might well turn surreal beyond expectations, with ICOs about war-tokens being sold in great numbers.

I think if ww3 will happen then bitcoin will also affected, during that time there is no more important than food, so business will have a wordwide temporarily breakdobreakdown so bitcoin will probably will lose the value. And this will also be the hard time of bitcoin to restore the former value.

I think most likely bitcoin will play an important role on that event. As we know Bitcoin transactions is considered as anonymous so transferring funds will be easy without creating suspicion to rival country in case a war will broke.