Would a global disaster increase or decrease the Bitcoin value ?

Depending on where the majority of the bitcoin holders live. In my opinion, if the bitcoin holder country is in a bad state due to war or catastrophic disaster, it will definitely impact on bitcoin prices.

i do believe that the price will decrease as there would be a lack of money and the market won`t have enough circulation on it by making the inssuficient buy orders.

Quote from: BantiHanter on June 29, 2018, 05:55:26 PM

Just a follow up question regarding this topic what if the holders with big portion lost their privatekey or access to their wallet due to the disaster then the circulation of Bitcoin will decrease, doesn't it mean that the price will increase if the cryptocurrency still continue after the disaster?

Quote from: cpfreeplz on February 25, 2017, 07:28:12 PM

War would see an increase in bitcoins price but a natural disaster? I'm not sure. It depends how many places it affects since if it's just a small country or a few islands it wouldn't affect the price at all even if the people there had to spend all of their bitcoins.

Yes, also bitcoin is not affected by some disasters that has nothing to do with business or no money involve, Bitcoin depends on the number of users and supporters of the said currency, It i easy to say that bitcoin will be affected by calamities and other natural disasters which is not, Bitcoin can be affected by the decrease of people using it.

We now have a shortage of money, talking globally, and a lot of another indicators of why the next crysis is comming.

Plz read this https://mises.org/wire/true-money-supply-flashing-red

I hope we see a big jumo in BTC price soon.

Quote from: Eigig on June 29, 2018, 03:29:01 PM

In my opinion , global disaster does not effect the increase and decrease of bitcoin price value, the price value will not change due to calamity or disaster, but disaster will really effect much the services and transactions of bitcoin.

Although there may not be any special effect of the global disaster on bitcoin price, but still when there is a global disaster then all the activities become suspended for some time or tell the situation become clear, so in this respect if people attention divert from bitcoin trading or investment into some other issues then no doubt that bitcoin and other crypto currencies price will be decreasing.

I think it can do both in different cases. It depends on the people's attitude. In the disaster would harm the economy may be people would gain some trust in cryptocurrencies than they can be useful for them.

I think if there will be a global disaster like what happen year ago in world bank. All economy has down many company has been closed on that time. So if it will do it again bitcoin will be decrease. Because in my opinion bitcoin following the flow of the world market. Just like a real currency

I could see it increase Bitcoin's price, as long as basic infrastructure is not affected.
Similar to gold, Bitcoin is also used as a safe haven to park people's money in case of economic turmoil.

OP mentions war, which is a good example. People massively flocked to gold and other precious metals during both world wars.
I do not think the internet would be affected too greatly during a war.

Quote from: Cryptoproff on June 29, 2018, 02:50:42 PM

i think it would deccrease it. because bitcoin is still far away to be used as a currency or as a payment method. people would not trust cryptocurrencies in case of any such situation. oppositely they would like to cash out and keep your money in their hands.

I believe that Bitcoin is still not far away to be used as a currency or as a payment method, because technologies are growing up quickly. But not all people know about it.

if you mean a big war then it might affect the value of bitcoin, because war makes a chaotic economy, of course this is bad for the country that has been using bitcoin widely.

In extreme cases, food shortages, rampages, death threats, etc., gold, btc and other investment products will fall, only food can save people!
Bitcoin is undoubtedly very advantageous in the event of a small-scale disaster.

The value of Bitcoin is affected by many underlying variables, but a major disaster in the world can have a negative effect on the value of Bitcoin, because some people who have Bitcoin may be affected by the disaster in very fatal manner leading to the complete loss of their Bitcoins. Then the law of supply and demand would kick in, and the more the demand , the Less the supply, Ultimately leads to an increase in price. This would make the value increase.

Quote from: CosmicVibe on February 25, 2017, 07:01:51 PM

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

The estimation of Bitcoin is influenced by numerous fundamental factors, however a noteworthy catastrophe on the planet can negatively affect the estimation of Bitcoin, in light of the fact that a few people who have Bitcoin might be influenced by the fiasco in extremely deadly way prompting the total loss of their Bitcoins. At that point the law of free market activity would kick in, and the more the request , the Less the supply, Ultimately prompts an expansion in cost. This would influence the incentive to increment.

But, war, natural disasters - we already have. But that it does not really affect the course of the cryptocurrency. It is difficult to imagine what should happen, that would destroy the cryptocurrency.

what disaster natural could even impact bitcoin? i personally think only an economic crises could slowly but surely impact bitcoin. other than that then no.

I dont think that either would have an impact on bitcoin Undecided

Let's hope that there will be no war, but perhaps crypto under such a situation can grow at times.

I think war or natural disaster will not solve anything on the contrary. If you take both, this is destruction, and how bitcoin will grow if there is no Internet.

Well, it is true that we haven't faced any situation like that since the inception of cryptocurrencies. However, since it is something that is based on decentralisation I think any natural disaster would result in the growth of decentralized projects like Bitcoin. It will spread the risk across the world and it will save the database for the future.

That's why it is said that "A digital currency that would survive a nuclear war: the full Bitcoin transaction history, all the way back to the genesis block, exists in over 11,000 copies located in over 100 countries -- and that's just counting the copies running live." -Nick Szabo's Twitter feed