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Author Topic: Would a global disaster increase or decrease the Bitcoin value ?  (Read 7495 times)
Moshaid
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April 18, 2019, 06:22:36 PM
 #541

Global disaster in terms of economic wise or political wise but might not really affect the value of bitcoin because it has proven strong over past years after several breakings from top economics analyst. But  in regards of natural disaster I think it will really affect the market price in every sector be it bitcoin or any other assets outside cryptocurrency but it's now left with we the community holders on how we want to use it to our favour and to help mankind.
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April 24, 2019, 11:39:37 AM
 #542

I believe that with a high degree of probability, people will sell off their bitcoins in the event of any really strong cataclysm that threatens their life.



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April 24, 2019, 12:00:43 PM
 #543

Hi ! First message here.

If a global disaster would happen on earth ( And I somehow don't wish it ) Would the value increase or decrease ?

I'm not talking about solar flares or EMP. But more like big wars or great natural disaster.

What are your opinions on the subject ?  Cheesy
Surely the price may be affected by the increase or decrease, depending on the disaster. If there is a war, for example, people will spend their bitcoin to buy the needs and this will affect the price of the currency, or if there is an economic deterioration, it will affect the exchange rate as well. I hope this does not happen
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April 24, 2019, 01:17:15 PM
 #544

I would say that the prices are more likely to decrease, as the internet coverage might get affected. So at least for a short period of time, a group of Bitcoin users will not be able to transact their coins. But then, there can be scenarios where the usage may increase and as a result the prices may go up. If charities accept donations in BTC, then it can have an impact.
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April 24, 2019, 01:43:25 PM
 #545

I believe that with a high degree of probability, people will sell off their bitcoins in the event of any really strong cataclysm that threatens their life.




If it's a cataclysm where people don't have food and water - sure, they'll sell their bitcoins to buy essentials.

But if it's just a global recession - big investors like to protect their money and gold and digital gold (bitcoin) then become more attractive as they hold their value.

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April 24, 2019, 02:47:53 PM
 #546

I believe that with a high degree of probability, people will sell off their bitcoins in the event of any really strong cataclysm that threatens their life.




If it's a cataclysm where people don't have food and water - sure, they'll sell their bitcoins to buy essentials.

But if it's just a global recession - big investors like to protect their money and gold and digital gold (bitcoin) then become more attractive as they hold their value.
- Well, a global disaster related to food and water, that will certainly make the value of bitcoin decrease when people continue to sell their bitcoin to use for food and drink accumulation, and even if the disaster is a global recession, I still think that the value of bitcoin will still fall, instead of increasing as you say. Because investors and people need to store their money in a safe and less volatile place, that's gold, they can't choose bitcoin when it's just a virtual currency, everyone's reputation and trust with bitcoin is still too low, they will not accept the risk, they will sell bitcoin and move to gold as soon as possible.

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April 24, 2019, 02:57:52 PM
 #547

I believe that with a high degree of probability, people will sell off their bitcoins in the event of any really strong cataclysm that threatens their life.




If it's a cataclysm where people don't have food and water - sure, they'll sell their bitcoins to buy essentials.

But if it's just a global recession - big investors like to protect their money and gold and digital gold (bitcoin) then become more attractive as they hold their value.
- Well, a global disaster related to food and water, that will certainly make the value of bitcoin decrease when people continue to sell their bitcoin to use for food and drink accumulation, and even if the disaster is a global recession, I still think that the value of bitcoin will still fall, instead of increasing as you say. Because investors and people need to store their money in a safe and less volatile place, that's gold, they can't choose bitcoin when it's just a virtual currency, everyone's reputation and trust with bitcoin is still too low, they will not accept the risk, they will sell bitcoin and move to gold as soon as possible.

I dont agree with you, India had demonetization that time most of them were investing in Bitcoin and the difference of price between international market and indian market was more then 30% up. So i think when their will be global recession then Bitcoin price will surely jump up and how much up it will go dont know but surely it will be double then what price it was .
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June 01, 2019, 05:51:50 PM
 #548

Global disaster in terms of economic wise or political wise but might not really affect the value of bitcoin because it has proven strong over past years after several breakings from top economics analyst. But  in regards of natural disaster I think it will really affect the market price in every sector be it bitcoin or any other assets outside cryptocurrency but it's now left with we the community holders on how we want to use it to our favour and to help mankind.
If there is a global catastrophe, people will simply fight for their survival. The price will be the most simple physical things and even ordinary currency will lose its value. With a global catastrophe, the Internet is likely to disappear, and with it the cryptocurrency will disappear. Even if the Internet remains, virtual money will no longer interest anyone. Then, most likely, 10,000 bitcoins will be offered to you again for the pizza, or even more.

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June 04, 2019, 07:29:39 PM
 #549

Global disaster in terms of economic wise or political wise but might not really affect the value of bitcoin because it has proven strong over past years after several breakings from top economics analyst. But  in regards of natural disaster I think it will really affect the market price in every sector be it bitcoin or any other assets outside cryptocurrency but it's now left with we the community holders on how we want to use it to our favour and to help mankind.
If there is a global catastrophe, people will simply fight for their survival. The price will be the most simple physical things and even ordinary currency will lose its value. With a global catastrophe, the Internet is likely to disappear, and with it the cryptocurrency will disappear. Even if the Internet remains, virtual money will no longer interest anyone. Then, most likely, 10,000 bitcoins will be offered to you again for the pizza, or even more.

I do not want even to think about it, but you are right. When it comes to surviving, people are ready to give everything for a sip of water and for a piece of bread. Suppose, Bitcoins will lose their value in this case.
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June 06, 2019, 08:34:11 AM
 #550

Global disaster in terms of economic wise or political wise but might not really affect the value of bitcoin because it has proven strong over past years after several breakings from top economics analyst. But  in regards of natural disaster I think it will really affect the market price in every sector be it bitcoin or any other assets outside cryptocurrency but it's now left with we the community holders on how we want to use it to our favour and to help mankind.
If there is a global catastrophe, people will simply fight for their survival. The price will be the most simple physical things and even ordinary currency will lose its value. With a global catastrophe, the Internet is likely to disappear, and with it the cryptocurrency will disappear. Even if the Internet remains, virtual money will no longer interest anyone. Then, most likely, 10,000 bitcoins will be offered to you again for the pizza, or even more.

I do not want even to think about it, but you are right. When it comes to surviving, people are ready to give everything for a sip of water and for a piece of bread. Suppose, Bitcoins will lose their value in this case.
global damage in the world, will certainly hinder the development of bitcoin, of course there will be a lot of damaged facilities, especially the internet. without this connection, making transactions is useless


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June 06, 2019, 08:37:32 AM
 #551

Interruption of internet will be there and if its just a specific place that will be affected, the network will continue.

Value will still depends on the demand regardless of the events.

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June 06, 2019, 10:09:12 AM
 #552

It is difficult to determine what will happen to the price of Bitcoin because there were no precedents. We can simply assume in our conclusions. I think it all depends on the countries where there will be a catastrophe.

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June 06, 2019, 07:05:48 PM
 #553

I think the bitcoin value will be very high but it would be impossible to operate, because if there are power and internet failures, there would be no way to operate with them, it would be stagnant. That is why there must be some way of being able to invent some support via satellite so that bitcoin is always active in the face of a global catastrophe and continue operations.
If people will not be able to connect to the Internet and use their cryptocurrency as a means of payment, it will fall sharply in its price, up to complete depreciation. If a global catastrophe happens and people are put on the brink of survival, essential items will be in price, cryptocurrency will not even be remembered.
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June 06, 2019, 07:41:15 PM
 #554

Hi ! First message here.

If a global disaster would happen on earth ( And I somehow don't wish it ) Would the value increase or decrease ?

I'm not talking about solar flares or EMP. But more like big wars or great natural disaster.

What are your opinions on the subject ?  Cheesy

   It's a very interesting question.
One of replies would be "who knows!?"  Cheesy
   But in the case of war the popularity of bitcoin would raise, demand would raise and the price would go upper as the result. I think that case would move not only bitcoin, but other cryptos as well.







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June 06, 2019, 07:52:10 PM
 #555

I thinnk price will increase because as we see, FED and etc, a lot of country wants to print much money. Some say it will cause inflation but if that happens, it automatically leads to an increased price of bitcoin. Even if people see their fiat losts it's value, more likely they'll move on bitcoin with hope that it will bring them profit. Such positive look will automatically lead to an increase in bitcoin's price but will we get massive inflation after all? I don't have answer on it. USA prints a lot of money, everyone says usd will die but as we see it doesn't happen, even usd has risen in some countries.

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June 06, 2019, 09:34:24 PM
 #556

What you imply is, if global disaster lead to recession, will it increase BTC value? If yeah, then definitely it will. But if it doesn't lead to recession, it won't cause any significant change. Well, nobody can tell for a fact, but we shouldn't be pessimistic.

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June 07, 2019, 12:32:44 PM
 #557

Hi ! First message here.

If a global disaster would happen on earth ( And I somehow don't wish it ) Would the value increase or decrease ?

I'm not talking about solar flares or EMP. But more like big wars or great natural disaster.

What are your opinions on the subject ?  Cheesy
It seems to me that if there is a global catastrophe, everyone will not care about bitcoins.And most likely the price will fall.

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June 13, 2019, 07:37:48 PM
 #558

It will depend on the size of such a disaster. If it is of regional importance, then in the region itself and the surrounding areas the price of bitcoin and other cryptocurrency will increase. However, if a catastrophe really turns out to be global and affects the whole world, then, most likely, it will depreciate almost completely.

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June 13, 2019, 09:59:35 PM
 #559

Hi ! First message here.

If a global disaster would happen on earth ( And I somehow don't wish it ) Would the value increase or decrease ?

I'm not talking about solar flares or EMP. But more like big wars or great natural disaster.

What are your opinions on the subject ?  Cheesy
It seems to me that if there is a global catastrophe, everyone will not care about bitcoins.And most likely the price will fall.

If people wont care about bitcoins , then the bitcoins value would be stable instead of falling  but there is also a case that people will be stranded and cant use or withdrew money from a nearby atm because atm's were broken due to disaster or wars therfor people will only use thier bitcoin . bitcoins value will decrease this way

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June 13, 2019, 10:10:21 PM
 #560

With a great recession or depression from whatever event, on paper or physical disruption, we are talking about loss for everyone and a retraction in productivity.    So the value of just about anything can be predicted to be falling in such times, there is a possibility to beat the trend for a product which can provide utility.

Its not impossible if the problem were unreliable currency value then Bitcoin might actually rise in real value terms of what it can be exchanged for.     The longest term measure of worth is an acre of wheat I guess but most commonly people talk about gold and how the value of anything relates to that long term is considered stable value.

The answer comes down to whether you think BTC is a flight of fantasy, used for entertainment only not especially useful beyond any digital currency system (doesnt have to be crypto even dollar can be digital) or does BTC in its solid standard bring genuine utility beyond conventional forms of exchangeable worth.

If BTC is a soft standard without genuine demand it will fall in a negative world economy, if its a required product and enabling business then I'd predict it will grow in value.    Normal dollar has great problems if the economy should retract as much debt is repayable in future, this means either default or a very loose standard and falling confidence in paper worth




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