What if? Just asking opinion

[user27]

What if World War 3 breakout ?

Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?

Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens 

I think that bitcoin is more relevant in a hyperinflation scenario than a total war and destruction scenario because bitcoin is a good store of value much like gold.

Bitcoin has been dubbed the digital gold by many people.

When electricity is cut off worldwide and countries can’t communicate to each other, then really bitcoin is worthless. Bitcoin is built on the internet. If the internet doesn’t work anywhere then there is no way that you’re going to be able to send any amount of bitcoin.

[gabmen]

Surly bitcoin will be worthless. What an enemy makes first in the case of war? Ruine all the contacts. And electricity and the Internet are the most easy sources to be taken. Without that to use bitcoin will be just impossible.

Imagine your power plan gets nuclear in the future and BOOM! no electricity, no internet, no bitcoin. Since a long time ago a lot of the people are interesting for using the gold rather than bitcoin. But i think if the bitcoin is wanna be the secondary currency and i think if that will be suitable for the bitcoin itself. Imagine the bitcoin will survive in the next World war will be useless.

Well i don't think most things would survive after a nuke war though. We may end up just trading our belongings for things that we need. That's the problem with war. It's not o ly the warring countries that will suffer but pretty much the entire human population. We've come a long way already with advancements that can better our lives, with btc as one of them, so i hope we don't throw these away senselessly by engaging in war

[thunderbitz2717]

What if World War 3 breakout ?

Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?

Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens 

In my point of view, it is true that if ever world war 3 happen the electricity, servers getting down but for sure the government of the country will surely do something to fix the electricity, servers, and power outrage and bitcoin can possibly increase the value and we can retrieve everything that we saved into our bakcup files. So that's what I think about it.

[ilovefeetsmell]

What if World War 3 breakout ?

Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?

Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens 

Maybe it will be gone if the world war 3 breaks out. It can be controlled by the government and it will end up into nothing. If we have no electricity, it means that there's no bitcoin appear. They will control people, money and anything in this world. We became slaves or worst than that. Never-ending wars are also destroying our democratic republic. War is great for the bankers and defense contractors.

[Yuuto]

You kind of answered your own question there.  If anything collapsed the power grid, bitcoin would be worthless.   Precious metals would be the go-to asset, with guns and food.  But would a war cause that worldwide?   Probably not.

Personally I believe that bitcoin is going to exceed gold and silver simply because you’re not going to be bothered to cut up a piece of gold, verifying its purity, and weighing it to the precision of hundredth of a gram just to be able to buy a loaf of bread. It’s way too much time and if you are only 0.01 grams off from the actual figure you could be losing a shit ton of money after a few trades.

Bitcoin on the other hand is easily accessible by anyone, easily transported, and easily transmitted to anyone all over the world.

Unlike people above me suggest, it is very unlikely that the electricity grid will go out simultaneously all over the world. Also you have to realize that electricity grid is much more reliable than what was in WWII and WWI. So bitcoin will still be able to be used.

[Rostadom]

Surly bitcoin will be worthless. What an enemy makes first in the case of war? Ruine all the contacts. And electricity and the Internet are the most easy sources to be taken. Without that to use bitcoin will be just impossible.

Unless the first attack can destroy the whole country, then that's not going to happen. Ever. There's no single place where all electricity are stored and as for the Internet, you have to destroy all the cables or towers first before you can ever destroy it fully. So, let's say that a countryX have bombed countryY. Then countryY will be alarmed and the defense will all be set. The chance of countryX to destroy all these infrastructures are already gone. So like I said, electricity and the Internet will not be taken away just because it's the enemies priority for their first attack.

There's different plant or storage of electricity for different cities. There's no central one. For the Internet as well, there's tons of ISP tower all over the country.