Would a global disaster increase or decrease the Bitcoin value ?

[pushups44]

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 the type of disaster. A disaster affecting the electrical grid would hamper transactions and cause the price to crash. A natural disaster such as a hurricane and typhoon would be localized, so it wouldn't have an effect given the global nature of bitcoin. A world war might cause people to flee to precious metals that are physical perhaps.

What I believe to be especially beneficial to bitcoin is a man-made type of disaster: hyperinflation.

[indrakusumaindra]

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 believe it will decreasing the price of bitcoin. The reasons is:
 1. The only demands that will increasing is the needs of food and water and people could sell everything that they could to fullfil this needs.
 2. bitcoin not solving anything and i think people would not even think to invest in something and its not strage that the country that been through natural disaster will have a rough economy.
 3. Wars only bring pain and sorrow dont think it could boost economy at all, but i do think super power country will hold so much power in economy if the wars did happening.

[Barbut]

This is a huge question, and the most logical answer would be yes. In the time of crisis, basic needs come to the surface, people will try to sell everything valuable for a piece of food, or shelter. In general, some things increase in price, like food, bullets, shelters, water, etc... on another side real-estates, precious metals, money, lose value, nobody thinks about buying those things with an empty stomach. In that way we can assume that bitcoin can lose value, in the case of some global disaster, but it will not disappear.

[brotherwood12]

depend on what get damage , but i think the most damaged is infrastructure and cz of that it will decrease the bitcoin price because what people need is physical thing not digital

[DigitalCyberius]

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 ? 

That's a very interesting question. First of all, of course, the system would need to still be running, and I assume little effect done to those who use and accept it.

If that's the case, it may well rise in value, but I think precious metals would probably fair better. But who knows.

If that's not the case, and the system is still in place, but the infrastructure has been severely damaged, then the price might go down.

Of course, it might also depend on who is using it and for what. If whales are using it to transfer wealth from one place to another, that might cause the price to temporarily go up.

But again, who knows, we'll have to see, unfortunately.

Have a good day,
The Cyberius team.

[Novita]

Speaking with the influence of a major disaster on bitcoin, in my opinion the price of bitcoin will rise if that happens. For example, when a currency or market value is disrupted, that is how the price of bitcoin happens to soar. definitely remember last 2017. at that time the market government in the world was disturbed. so of course bitcoin will rise during natural disasters.

[haseeb ahmed]

Bitcoin is a currency like many others and people invest in this currency as well so if global disaster is effecting people than obviously it will effect the currency value as well, currency and business markets mainly depend on sentiments and it effects every currency

[Argoo]

If the catastrophe will be global, but civilization will remain at the same level, the Internet will work, our lifestyles will remain at least as a whole, then the cryptocurrency may even rise in price. If civilization turns out to be a threat, especially if the Internet disappears, then no one will need a cryptocurrency. It will simply be forgotten about, more important concerns will arise in people, a reappraisal of values, including means of payment, is sure to happen.

[dimox]

if earth have big problem, internet will go down and bitcoin cant be use anymore. what we can do is back to fiat if it exist or to gold. maybe bitcoin is not important because we cant access it. we dont know if we can solve the problem and go to crypto again, it have same system or not.

[Schirer]

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 the location where it would happen, if it would happen in regions which are considered wealthy, then definitely yes. The price of Bitcoin would increase because the wealthy regions of the word are strongly connected and their currencies also.

[FlightyPouch]

depend on what get damage , but i think the most damaged is infrastructure and cz of that it will decrease the bitcoin price because what people need is physical thing not digital

Why would even people think about it if that happens? The damage might be minimal or not, the value of bitcoin will obviously go down. It will plummet down since most of the people will not be visiting their investment for a while, most of them would be selling some of their btcs since they would need the money. That would be bad for cryptos.

[wxxyrqa]

Anything can be a global catastrophe, but if humanity is left without electricity or the Internet, then we will all return to silver and gold, because even papers will not have real value.

[Nhebu]

Any changes in the whole economy will be inflicted also in cryptocurrency since we are in globalization. And taking part of it will affect the cryptocurrency market. Therefore, it would become a large effect for crypto when there is a global wars or economic disturbance in the whole world.

[Lapatai]

If we're talking about war, plague or this kind of disaster, definitely crypto prices would fall, because it is not backed by anything, just the belief of others and willingness to pay for the amount.

When hyperinflation strikes, money looses value and natural trades takes place. I believe that crypto then will be worth the same as the "Monopoly"'s money is super market right now. 

Crypto is good when electricity, computers and internet works. If some event disrupts one of these, whole crypto thing will suffer greatly.

[cabalism13]

Every disaster does have some effects on the community, whether its digital or not, Besides it is us who use those things and if we suffer on some calamities we'd better stay  and do what we can rather than save any reputations or value of some things.

These things can be raise again though it will just take some time.

[imstillthebest]

Anything can be a global catastrophe, but if humanity is left without electricity or the Internet, then we will all return to silver and gold, because even papers will not have real value.

without crypto currency technology can not do anything because crypto currencies were created using the times and technology i

no mate . cryptos are only alternative  . without them we can still leave but without other important resources crypto wont exist  . as long as there are still life on this earth , people can rebuild the destroyed resources including the internet and electricity but if ever these two are temporarily not available then we cant use cryptos but there are still fiats and gold ,silver  , or other precious metals  .   

[bitcoinposts]

The Global disaster will definitely increase the btc value there was no btc in past recession now we have btc as decentralized commodity we can expect btc prices to touch 20 thousand dollars in next quarter

[tonyvo2017]

It will certainly decrease. In my opinion, if there is a major disaster, internet connections, large organizations like ETH, Binance is broken by disaster, everything will be very bad.
Overall, crypto is not a place for you to put too much hope when the world is in disaster.

[wxxyrqa]

Global disasters can be different and if they are local in nature, then these disasters will not affect the price of cryptocurrency.  But if you believe the predictions regarding the existence of humanity, then the cryptocurrency will exist exactly as long as humanity will exist.  But if we talk about the future of Bitcoin, then the first problem for the existence of Bitcoin is scalability, which needs to be fought and increased.  Ethereum has been brewing the same problem lately.

[spike420211]

Global disasters come in all sorts and sizes. The economic crisis, to some degree, can also be considered a global catastrophe, it all depends on scale.
In this case, it is likely that a strong outflow of capital will be in cryptocurrency.
In the event of an environmental disaster, anything can be.