Would a global disaster increase or decrease the Bitcoin value ?

[kidoseagle0312]

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 ? 

I don't think that bitcoin will crash the price down if ever there is a global disaster happen. In my point of view in terms of nature case bitcoin has no connected with it. Meaning it wouldn't affect at all.

[Winchester2211]

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 ? 

I don't think that bitcoin will crash the price down if ever there is a global disaster happen. In my point of view in terms of nature case bitcoin has no connected with it. Meaning it wouldn't affect at all.

If there is a global catastrophe on earth then all the values will change immediately. I am sure that it will affect not only bitcoin, but all the other currencies. The price will food and necessities.

[South Park]

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 ? 

It would depend on the nature of the disaster, if it is a war then most likely the value of bitcoin will go down, if it is a natural disaster like an earthquake then I don’t that having too much of an effect but if what it happens is an economic storm then bitcoin will gain a lot of value.

[Hydrogen]

Value of commodities like food, water, electricity and shelter might increase.

Luxuries like gold, diamonds, paper money & bitcoins might decline.

BTW - If indians really did trade manhattan for $24 worth of beads and trinkets, I could be totally wrong about that.

[aardvark15]

In a global disaster, I think all currencies would decrease in value. And if the internet was affected by this disaster, then obviously, Bitcoin would not make it.

[Yanisumin]

 Everything is affected by a global disaster. Country, people, animals, the government and even the invironment is affected. Famine, storms, drought, epedimia, conflicts and wars make people and the country poorer. Mai I ask you who is the one who uses Bitcoin? No one except the people of this world. If a global disaster occurs everything is affected, even paper money is affected so does Bitcoin. Bitcoin is useless without it's people. A global disaster can happen if a meteor hits the earth, if the global fault shifted and earthquake creates massive damage or if a nuclear war happens. Bitcoin value will not just decrease, there will be no value at all and I hope that day won't happen because when that happens it's not about cryptocurrencies or government or money. It's about life and death. My province is prone to storms. I know what it feels to have a disaster. It's just happened in my country, so I don't know what will happen if it happens to the world.

[sunsilk]

Since bitcoin and other crypto currencies are already in demand. When a global disaster hits the Earth and most of the networks are being interrupted by it.

The value of bitcoin will be decreasing because those people that are affected of disaster will sell it immediately on the fastest way they can.

And that way is by selling it low in exchange of cash.

[BitFinnese]

Since bitcoin and other crypto currencies are already in demand. When a global disaster hits the Earth and most of the networks are being interrupted by it.

The value of bitcoin will be decreasing because those people that are affected of disaster will sell it immediately on the fastest way they can.

And that way is by selling it low in exchange of cash.

I'll go with this idea.  If disaster hit the world, the first one to increase i value are the commodities.  This will definitely make cryptocurrency less in value.  Aside from that, If the disaster hit the people who are supporting Bitcoin then probably there will be a less support and people selling their Bitcoin to buy their needs will result in colapse in Bitcoin price.

[sunsilk]

Since bitcoin and other crypto currencies are already in demand. When a global disaster hits the Earth and most of the networks are being interrupted by it.

The value of bitcoin will be decreasing because those people that are affected of disaster will sell it immediately on the fastest way they can.

And that way is by selling it low in exchange of cash.

I'll go with this idea.  If disaster hit the world, the first one to increase i value are the commodities.  This will definitely make cryptocurrency less in value.  Aside from that, If the disaster hit the people who are supporting Bitcoin then probably there will be a less support and people selling their Bitcoin to buy their needs will result in colapse in Bitcoin price.

Yes the demand of commodities will be increasing as the people needs to do it so and will take the advantage of the situation.

And since banks aren't going to be operating the usual way and those people that has cash will possibly the one that can buy their needs.

For those people who had bitcoins will probably sell it with lower price.

[btccashacc]

I don't think that bitcoin will crash the price down if ever there is a global disaster happen. In my point of view in terms of nature case bitcoin has no connected with it. Meaning it wouldn't affect at all.

If it's global disaster, world war or something that could destroy internet connection then bitcoin's price would be down this due to people loosing their access over their bitcoin, and also there is no mining activity, no one can verify your transaction, the systems would be down. Not only bitcoin but also fiat currency that's why gold's price is increase when world war happened, who wants bitcoin when they can't transaction with it or even access it?
According to law of supply and demand, as demand increases then the price goes up or vice versa.

[TIDOVEE]

Global disaster!!! Hmmm, Although I pray it wont happen but it wouldn't increase bitcoin value.The mortality rate will firstly reduce the number of technologist/bitcoin traders. "Global" disaster will also affect the technology itself.
 
 

[Xester]

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 ? 

I don't think that bitcoin will crash the price down if ever there is a global disaster happen. In my point of view in terms of nature case bitcoin has no connected with it. Meaning it wouldn't affect at all.

If you have read the original post of the author regarding the Electromagnetic Pulse that will shock the world then bitcoin surely will be a goner. The reason is simple, when an EMP wave will be released all electronic running devices, equipment, appliance including gadgets will no longer work. If there will be no electricity there wil be no internet and how in the world can we access bitcoin. It simply means death for bitcoin.

[el kaka22]

Since bitcoin and other crypto currencies are already in demand. When a global disaster hits the Earth and most of the networks are being interrupted by it.

The value of bitcoin will be decreasing because those people that are affected of disaster will sell it immediately on the fastest way they can.

And that way is by selling it low in exchange of cash.

When people need money, they will usually look for their investments and more particularly in the times of emergency we cannot expect ourselves to look for good prices to get cash. But I doubt there will be any possibilities of world wide disasters to make bitcoin kind of electronic based system to collapse because just a dump from one part of world will not impact bitcoin in long run basis.

Significantly we need to worry about bitcoins on world wide event as survival of human itself will be a very big questions in that times. These may seem imaginary and in some degree complete meaningless too. But we need to get ready for any unexpected emergencies too. So that we can protect something the level we could.

[carlfebz2]

Global disasters/natural calamities wont really affect bitcoins value but only to those users who are in on a particular area of effect they might not able to logged in to saw their own bitcoin wallet and we do all know that as long theres an internet the network will be alive no matter what happens. If theres and EMP then it would be possible.

[vrm86]

If such uncertain time would come, I guess that demand for solid assets (golds, diamonds) would skyrocket. In case of disaster no one would consider bitcoin as a safe asset anymore, as it requires access to the blockchain. IMO Bitcoin needs relatively peaceful and certain world situation to get people trust and interests. If I'd have choose to have an ounce of gold or 10BTC at the time of world cataclysm, I would definetelly pick gold.

[Winchester2211]

If such uncertain time would come, I guess that demand for solid assets (golds, diamonds) would skyrocket. In case of disaster no one would consider bitcoin as a safe asset anymore, as it requires access to the blockchain. IMO Bitcoin needs relatively peaceful and certain world situation to get people trust and interests. If I'd have choose to have an ounce of gold or 10BTC at the time of world cataclysm, I would definetelly pick gold.

I agree with you, but I think that the cataclysm is more valued food and the most necessary things than gold and diamonds. Bitcoin won't be valued.

[vrm86]

If such uncertain time would come, I guess that demand for solid assets (golds, diamonds) would skyrocket. In case of disaster no one would consider bitcoin as a safe asset anymore, as it requires access to the blockchain. IMO Bitcoin needs relatively peaceful and certain world situation to get people trust and interests. If I'd have choose to have an ounce of gold or 10BTC at the time of world cataclysm, I would definetelly pick gold.

I agree with you, but I think that the cataclysm is more valued food and the most necessary things than gold and diamonds. Bitcoin won't be valued.

We have to define what scale and type of disaster we consider. If it's worlds conflict I think that gold would still be valueable as an universal asset (as national borders and bank authorities would have no longer have any power). But in case of threat to entire humanity I would agree that weapons, bottled water and canned food would be most demanded goods (just watch any "Walking Dead" episode  ).

[Marma Kalari]

In a global disaster, I think all currencies would decrease in value. And if the internet was affected by this disaster, then obviously, Bitcoin would not make it.

It is certain that the internet will be affected in case of a global disaster and we have witnessed that when we had tsunami all the telephone networks went down along with internet connections and it took almost a month to rectify those and bitcoin being used with the help of internet connection i can bet that everything will be down.

[jaysabi]

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 ? 

A disaster, man-made (large scale war) or natural, that disrupts global commerce would tank the bitcoin price. The thing that gives bitcoin value is excess wealth to speculate on a something like bitcoin. When economic uncertainty rises on a large scale, you will see people flee bitcoin quickly. Look at the present price crash, it's down more than $300 (a 25% crash) in less than 24 hours, and the economy is solid right now. If it can't maintain a stable value in the good times, it will be near worthless in the bad.

[South Park]

Value of commodities like food, water, electricity and shelter might increase.

Luxuries like gold, diamonds, paper money & bitcoins might decline.

BTW - If indians really did trade manhattan for $24 worth of beads and trinkets, I could be totally wrong about that.

In the event of a major disaster, electricity is probably been one of the first things is going to disappear since the electric grid is very susceptible to almost any type of disaster we can imagine, like flooding fires, tornadoes or hurricanes.