Would a global disaster increase or decrease the Bitcoin value ?

[bitllionaire]

A global disaster would either completely decimate Bitcoin value or it would make it skyrocket. It all depends on how the market reacts at that time and we won't know until it happens.

On one hand, I think lots of people would turn to Bitcoin to be able to transact without the need for the government which might not always be available if resources are unavailable, but also if the internet is out then Bitcoin is not really practical so it is very hard to say.

Global desasger as it can effect our whole life system therefore it must also have effect on bitcoin.

[shaun98]

I think it would crash really hard. As these kind of disasters will take out internet to certain parts of the world, and in places where internet is still available, people will cash out. This is because people will need fiat to purchase everyday items in places where internet is not available.

[Protected101]

Yes it will affect the value of bitcoin.Users or investors must be cash out there money due to in need because of natural disasters and the internet connection must be affected it will be gone or maybe the slow connection that result for not working on bitcoin.Internet connection is the life of bitcoin without it how can we used it.It has a big problem if that will happen.

[Yabuy92]

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 there is a considerable difference between a conventional currency and cryptocurrency where the cryptocurrency itself has little effect on what happens in the country, unlike most physical currencies

[dewi91]

I think global disaster will decrease bitcoin because if that happen people will more concentrate  on post disaster recovery, maybe bitcoin will be forgotten for a moment and at the time people prefer to sell their bitcoin because they are need money to continue their lives..

[copperminer]

i think it really depends i mean if for example seacables are destroeyed and the internet destabilizes for that reason, for sure it will affect bitcoin negatively and moreover perhaps than we sure are only surviving and it could drop to zero, while food/gold/etc. should go up in vallue and all other items inflate as hell.

[BTCbengi]

I think everything can affect the value of Bitcoin and the money market. Because if a global disaster occurs, people may lose connectivity and control their Bitcoins. Besides, its price may decrease because the number of users may be reduced, there is no internet or means to access. I think it will affect a lot

[btc-facebook]

I think everything can affect the value of Bitcoin and the money market. Because if a global disaster occurs, people may lose connectivity and control their Bitcoins. Besides, its price may decrease because the number of users may be reduced, there is no internet or means to access. I think it will affect a lot

But the chance to happen still low since there is no massive threat that harm on internet globally.
So I think you can less worry but you can start worry if someday bitcoin is massively downtrend because of government change their mind to forbid bitcoin in the future.

[taktik]

I think everything can affect the value of Bitcoin and the money market. Because if a global disaster occurs, people may lose connectivity and control their Bitcoins. Besides, its price may decrease because the number of users may be reduced, there is no internet or means to access. I think it will affect a lot

But the chance to happen still low since there is no massive threat that harm on internet globally.
So I think you can less worry but you can start worry if someday bitcoin is massively downtrend because of government change their mind to forbid bitcoin in the future.

global catastrophe will be the case when Bitcoin falls below $ 1,000. That's when many people will suffer who invested in Bitcoin their money. To date, this situation is not expected, but I think that in the future this should be expected.

[wxxyrqa]

I think everything can affect the value of Bitcoin and the money market. Because if a global disaster occurs, people may lose connectivity and control their Bitcoins. Besides, its price may decrease because the number of users may be reduced, there is no internet or means to access. I think it will affect a lot

But the chance to happen still low since there is no massive threat that harm on internet globally.
So I think you can less worry but you can start worry if someday bitcoin is massively downtrend because of government change their mind to forbid bitcoin in the future.

global catastrophe will be the case when Bitcoin falls below $ 1,000. That's when many people will suffer who invested in Bitcoin their money. To date, this situation is not expected, but I think that in the future this should be expected.

I do not think that we need to promote such panic to the masses. The fact is that if the wolf is afraid, this does not mean that you need to be afraid to go to the forest. Thus, if you can earn money using crypto currency, you need to use it. Of course you need to be careful and try to reduce risks.

[eastgrand]

That's a very good question. Seeing as how Bitcoin works, the whole internet would have to go down. I guess if big time miners are affected, other can take advantage of that 51% attack thing, but I'm not too familiar with how that works.

[eastgrand]

I think everything can affect the value of Bitcoin and the money market. Because if a global disaster occurs, people may lose connectivity and control their Bitcoins. Besides, its price may decrease because the number of users may be reduced, there is no internet or means to access. I think it will affect a lot

But the chance to happen still low since there is no massive threat that harm on internet globally.
So I think you can less worry but you can start worry if someday bitcoin is massively downtrend because of government change their mind to forbid bitcoin in the future.

global catastrophe will be the case when Bitcoin falls below $ 1,000. That's when many people will suffer who invested in Bitcoin their money. To date, this situation is not expected, but I think that in the future this should be expected.

Reading your comment, if there is a global catastrophe, then I doubt Bitcoin going down to $1,000 will be the biggest problems for those people. They would probably be more worried about shelter, where they can find food, etc. In such a scenario nobody will be working, no supermarkets, no electricity, nothing. No internet or phone.

[ipanks]

That's a very good question. Seeing as how Bitcoin works, the whole internet would have to go down. I guess if big time miners are affected, other can take advantage of that 51% attack thing, but I'm not too familiar with how that works.

and if the whole internet was down, then this will decrease the bitcoin value because bitcoin depends on the internet. without internet, we cannot use bitcoin and even we cannot make a transaction. but if the internet is not down and there is a global disaster then bitcoin will increase the value because, in that time, fiat will be crash too deep and people not believe with the government and will search a new currency that will help them to continue their life.

[cheann20]

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 ? 

For me, this would depend on the scenario, many events could happen, but I think that in most cases a major disaster would bring great instability to almost all fiat currencies. And It also affect bitcoin an other crypto currencies and even money. I don't pray for disaster like war as many human life will go but we are talks about it infect on bitcoin. Somehow bitcoin prices may increase as many people may like keep their asset in bitcoin so they can access it were ever they are. But I  also wish god that this does not happen but actually if this happens means that there would be a immediate crisis of most of the things and people would get back to basic life, where they need a house, food and clothes meaning that it would effect bitcoins in a negative manner of course but not just bitcoins actually all the digital stuff.

[binhvo1505]

If global disaster happens then I think the cost of bitcoin will drop sharply. there will be great damage to the world economy in general and the countries in particular. Governments and people in countries will try to find ways to re-establish the economy. So people will not have time to invest in bitcoin, bitcoin market will be reduced much when few participants. Therefore, the cost of bitcoin will be greatly reduced if global disaster occurs. I think so.

[rudito]

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 there is a global disaster it will reduce the price of bitcoin, of course many will sell their bitcoin and it will affect the value of bitcoin.

[LordDisick]

Yes I think if the disasters are calamities like typhoons,earthquakes etc. If these calamities will hit us then there is possibility internet will lost. Holders are relying on internet to use,buy and sell bitcoins so if there's no internet for a week or month then there's no supply and demand. It will then affect the price of bitcoin.

[Scavagers]

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 ? 

as far as I know,media has a great effect on the price of bitcoin. If there is something negative or there are news that is not good, it is likely to decrease in price. In our real world, If some disaster like typhoons or something like world war, the resources are likely to be destroyed so the supply will be at shortage,it will affect the price. In bitcoin,after a great war happens or. strong typhoons, it will be possible to have a disconnection in the internet.In this way, no way of accessimg bitcoin, investors cannot invest so no increase in price.

[engrdaver]

Personally, i don't think it will affect the value directly. Rather it will affect the people trying to gain bitcoin. A global disaster like tsunami, earthquakes or strong typhoons that can disrupt the internet connection will affect the bitcoin circulation only if the repairs would take considerable time to finish. Otherwise, I don't think it will increase/decrease.

[AlistairJ]

If a single Internet network is destroyed, bitkoyn will not disappear from the wallets, but they will not be able to make transactions. Because of this, its price will become low until it restores the network.