Would a global disaster increase or decrease the Bitcoin value ?

[tabas]

If you are living on a place or community where people are into bitcoins and you are going to be one in the middle of the war/global disaster. Bitcoin's price will be moved depending on many volumes of transactions are happening in your place or if a whale will be affected with it.

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[Snorek]

Let's be realistic here:

1. In case of global conflict we would most likely see some nukes - and it is hard to estimate what will happen after these are used.
2. Bitcoin to be used requires Internet, global network will be usually first target in case of war.
3. If we are talking about natural disasters then prices of necessities: food, water, shelter will skyrocket. Bitcoin isn't in that category.
4. How would you trade BTC when internet might be malfunctioning or there won't be any 3rd party services to process your BTC exchange to fiat?

[Mario274]

Let's be realistic here:

1. In case of global conflict we would most likely see some nukes - and it is hard to estimate what will happen after these are used.
2. Bitcoin to be used requires Internet, global network will be usually first target in case of war.
3. If we are talking about natural disasters then prices of necessities: food, water, shelter will skyrocket. Bitcoin isn't in that category.
4. How would you trade BTC when internet might be malfunctioning or there won't be any 3rd party services to process your BTC exchange to fiat?

It turns out that Bitcoin has value only when all the world is good and there are no negative incidents. But if there is no Internet, then Bitcoin will become meaningless

[X-ray]

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 ? 

Actually the primary thing to affecting the increase or decrease price of the cryptocurrency is the economic disaster. The nature disaster will not giving anything for the price. but with the world war, it means if the world already on the more than just an economic disaster.
My conclusion you couldn't have used the cryptocurrency in such condition.

[7788bitcoin]

I think it all depends on the nature of the disaster. If the disaster is only affecting economy, then yes bitcoin will increase in value. However, if the disaster is affecting things other than economy, such as environment, lives.... then maybe everything including bitcoin will be affected. You can't send bitcoin without electricity right?

[anarchrist]

all depends on where and what really

[harizen]

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 ? 

Internet is the key to use bitcoin. So if such a case that there's a global disaster and internet is not affected then bitcoin can be used. But take note also that to access bitcoin, people involved must have a way to access it. In case of natural disaster, there is a so called power shortage because some lines might wrecked due to that natural disaster. About on big wars, how come people can access internet if power source or ISP station have been damaged.

And even with those things are not happened, cashing it out is a problem since I doubt there will be an open service like that while there's an ongoing war or disaster.

[dihari]

We are making speculation here.
First, we have to see which country that was having disaster. If that country not accept bitcoin or their government declared bitcoin has no legitimate, and/or peoples in that country doesn't know bitcoin, I think it will not give an impact for bitcoin price.
But if you talk about storm in Canada, earthquake in China, yes it would be some decrease in bitcoin price. Analyze the bitcoin communities in that countries.

[beerlover]

If a big war or natural disaster happened.

I think the value of basic amenities like water, food, shelter and energy(electricity, fuel) would increase.

The inflation on those items and things would increase dramatically.

The buying power & value of fiat and bitcoin would decrease as people became more survival oriented & the stability of everyday life deteriorated.

If a major disaster happens the luxury of the life we know and enjoy today is going to go, like internet and television and other things and that would mean no bitcoin and no nothing, people would start looking for basic needs to survive and won’t give a shit about the price of the bitcoin.

[mindrust]

It would increase bitcoin's value as long as the internet is up and running. In such event, people would want to be as liquid&mobile as possible. Bitcoin is not the most liquid shit out there but it's the most mobile that's for sure. Banks always create problems when you transfer your money overseas, they apply high fees. Gold can be stolen and its impossible to have them transferred overseas without being noticed. Bitcoin solves all of those problems but one still remains. It is the bitcoin's high volatile price. It is rising now but you never know what's going to happen tomorrow. You can still lose so much shit if you buy from today's price.

[bitbunnny]

Depends on the kind of disaster but if this would include termination of electricity and internet then Bitcoin would become useless and worthless. And this would probably mean the end of the world we know with all civilization developments. If some big meteor strikes the earth human kind would return to caves and struggle for surviving and no one would be thinking about the Bitcoin.

[izanagi narukami]

If the disaster are destroy everything like electricity especially since to operate bitcoin , all people who invest bitcoin need internet while internet need electricity to operate. If there's no internet means bitcoin worldwide transaction will be pause and it will destroy it's value for sure ( major disaster )

[allthingsluxury]

It really just depends on what kind of disaster we are talking about. If the internet goes down in large parts, then trust me, the interest in BTC is going to tank a massive nosedive.

[Farma]

I feel that it will increase the number of bitcoin, because in case of a disaster, it is very difficult to conduct transactions. so, the internet will be a shortcut to provide aid, in the form of donations, and bitcoin transaction will be a tool that is used. it makes an increase in the number of the bitcoin.

[BrewMaster]

I feel that it will increase the number of bitcoin, because in case of a disaster, it is very difficult to conduct transactions. so, the internet will be a shortcut to provide aid, in the form of donations, and bitcoin transaction will be a tool that is used. it makes an increase in the number of the bitcoin.

in case of disaster such that is global for example a big world war, you donate blankets and canned food, nobody wants money and surely nobody is behind a computer accepting bitcoin donations.

[Schuyler]

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 ? 

Natural disaster include earthquakes, floods, tsunamis,etc.can have serious negative affects for many businesses. In bitcoin, as long as the internet is running or operating, the value of bitcoin will continue to increase.

[Yakamoto]

I feel that it will increase the number of bitcoin, because in case of a disaster, it is very difficult to conduct transactions. so, the internet will be a shortcut to provide aid, in the form of donations, and bitcoin transaction will be a tool that is used. it makes an increase in the number of the bitcoin.

in case of disaster such that is global for example a big world war, you donate blankets and canned food, nobody wants money and surely nobody is behind a computer accepting bitcoin donations.

The only time people will ever not want money is if there is an utter collapse of absolutely everything and there is no hope that they will ever be able to get back on track the where we used to be. It would essentially have to be a near-armageddon event in order for people to not want something of value.

In a big war, depending on who causes it, there might be a lot of ways to make money.

[Nahl]

it all still depend on the type of disaster it self because if the disaster happenning on the particular countries i think it will not be too affected for bitcoin even possible to decrease the price of bitcoin but it is still valuable but if the disaster happening for the whole of world i think probably bitcoin would not valuable anymore because most people only will thinking about their safety and how to get out from the chaos

[xuan87]

I think if global disaster happened it will decrease the bitcoin value, the reason is because people will lost internet connection and they will focus to look for safety rather than trade bitcoin, and if less people using bitcoin it will decrease the price, but that will be temporary after everything back to normal then the price will also back to normal, so it is only temporary impact

[lordquanta]

In case of  global disaster, price of increasing a currency or commodity is less. In fact price of essentials of life such as food, grains, medicines, water, fuel (petrol, diesel) etc are far more higher. In fact if you check history, recent or old history, one point is observed commonly people cut down expenses and try to keep things as handy as possible.

Thus I don't think there is much chance of increase in bitcoin value.