Would a global disaster increase or decrease the Bitcoin value ?

[carlerha]

From any action there is an equal reaction. Whether its a war or natural phenomena, people will demand for their daily needs like foods, water, clothes, medicines and more. That means that Bitcoin will surely decrease its value because the supply of electricity will be affected so no internet connection for a long while in the particular affected areas. They will use their bitcoins to satisfy them

but i do not think that it will have great impact on bitcoin, because bitcoin is a currency and people need to use it for in every condition, and we can see that bitcoin is now becoming as the main currency of the world therefore i think that people will use bitcoin in any condition and therefore i do not think that it will have any great impact on the use of bitcoin.

[Sled]

A global disaster will decrease the value of bitcoin because a lot of people will panic because of the disaster globally and they will sell their bitcoin so they can prepare and get ready for that disaster and i think that the value of bitcoin will go down too because of the effect of disaster but at the end, everything will be fine and will go back to normal as well as the value of bitcoin.

[WoodySpoon]

A truly global disaster will truly damage the value of every currency and investment.

Investments don't keep people safe when their lives are at risk, people won't sit there and watch the value of their BTC, they'd rather sell it and make sure they're safe themselves.

Thankfully the chances of a truly global disaster are very unlikely.

[fiulpro]

As you called it..^ Global that means it certainly is affecting a large amount of population that will no doubt decrease the value of bitcoins .
Disaster is something horrendous ^ and I don't think at that time people will find it easy to go and buy bitcoins or to trade them or to you know make money online.
Lets not hope for that..

[Latviand]

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 ? 

If a global disaster strikes, everything would decline not just cryptocurrency but everything else on the stock market as kf a global disaster manage to cripple networks and make other countries inaccessbile ghe more people would invest or panic sell and most of them would not be turning into bitcoin.

[Prettyme]

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 think if global disaster would happen on earth the value of bitcoin will be decrease. It can cause slow transaction therefore people will not be interested about bitcoin. One factor why there is a increase the price of bitcoin that is because of people patronizing bitcoin.

[ethereumhunter]

i think everything is decrease and not just bitcoin because global disaster is attack all the aspect and i think in the end, only the strong will be survive. in that moment, we don't know bitcoin still could be use or not because global disaster can reach many country and i am not sure that crypto currency will stay there because crypto currency is depend with internet connection.

[Casabrandy]

i think everything is decrease and not just bitcoin because global disaster is attack all the aspect and i think in the end, only the strong will be survive. in that moment, we don't know bitcoin still could be use or not because global disaster can reach many country and i am not sure that crypto currency will stay there because crypto currency is depend with internet connection.

When there are disaster, people might used their btc for living that can cause decrease on btc value. It will be fine to convert it into our fiats if it will help us to survive our living.

[1NV3ST0NM3]

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 ? 

In case of a war yes surely bitcoin will increase as all the illegal war funding will take place in bitcoins but in case of natural disaster the affect of it would determine the result. If electricity is scrapped surely it would decrease.

[flippener]

I think the opposite of most people here - a global disaster would increase Bitcoin value. Firstly, there would be countries where the local currency becomes worthless and the population turn to Bitcoin (like Venezuala now). Secondly, lots of people would go on the move - refugees - and the easiest way to move money from one country to another is Bitcoin (you certainly don't want to be carrying gold).

[krigger]

I think the opposite of most people here - a global disaster would increase Bitcoin value. Firstly, there would be countries where the local currency becomes worthless and the population turn to Bitcoin (like Venezuala now). Secondly, lots of people would go on the move - refugees - and the easiest way to move money from one country to another is Bitcoin (you certainly don't want to be carrying gold).

I think the same, and am not sure why others feel it would drop the price. In my opinion, the price will increase because Bitcoin will still exist on nodes around the world whereas many banks would be closed and fiat would become harder to use and lose its value for sure.

[z38630610]

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 depends on type of disaster. For instance if you think about a disaster which finished internet connection, there will not be any coins like bitcoins or altcoins. Therefore there will be no value for bitcoin or others. But if disaster means a war or something else, value of bitcoin will change according to geography of war and governments that effected by disaster.

[innocent93]

Of course it would be affected. Just think that there are no mining, no transaction and so on and this things will reflect in the price of bitcoin.

[mariaana]

Global disaster can reduce the Bitcoin value because  a lot of computers will be offline and there is no forum.  It will be a useless currency because people will be busy looking for food and medicine for survival.  How can a bitcoin be of help then?  Even the richest man will just be the same with the poor because even the economy will collapse worldwide.  Remember, that it is a global disaster and everything will be in rubble. The poor house is ruined and so is the billionaire's house too.

[BitcoinDiamond]

Bitcoin is very much universal and interchangeable so its very desirable if this situation were too arise. If, as everyone has mentioned, the global affected the entire global network then of course the price would fluctuate towards the negative end.

[Dapallo]

I think that it would decrease the bitcoin value, because when a global disaster happens some people die and maybe some houses will be destroyed. This means that bitcoin users can also die.

Everyone would have panicked and sold their coins in order to survive so i expect that bitcoin would fall very hard down.

[aintnopassincraze]

I think it would sharply increase the value granted the fact the internet stayed in tact of course. The other thing to consider is which nations were effected because if it was the 3rd world countries it would be business as

usual (sad but true) and if it was 1st world countries then perhaps bitcoin would be effected negatively.

[Loathebiter]

It matters at what it is if the global disaster will keep people from going outside then more people would use bitcoin because it is a online currency and the they will invest more in it and that will probably make the bitcoin go up in value.

[khaled0111]

I answered a topic talking about what will hapen  when a world war starts and the impact of it on bitcoin value. This topic is similar.
Sorry to say that but when such thing happen i believe the price of bitcoin will rise signifately. And i can explain why i am thinking this way: bitcoin is decentralized and no one can take your bitcoins if you keep your private key safe. Your fund will be the same after 100 years. When everything is OK you can just login to your wallet and withdrow your money.

[MMA]

Global disaster can reduce the Bitcoin value because  a lot of computers will be offline and there is no forum.  It will be a useless currency because people will be busy looking for food and medicine for survival.  How can a bitcoin be of help then?  Even the richest man will just be the same with the poor because even the economy will collapse worldwide.  Remember, that it is a global disaster and everything will be in rubble. The poor house is ruined and so is the billionaire's house too.

The global disaster will definitely bring drastic effect on the digital currencies because the crypto currency needs an internet facility and a healthy and sound mind people who are trading, investing and mining bitcoins and it will become impossible for a person who is suffering from serious problems of social and financial due to the destruction of infrastructure in their concerned areas.