Bitcoin Under World War 3...

[bering]

i wish this is would never happening but if someday really happened i predict annihilation effect will be so huge because most of countries already have highly sophisticated weapons systems even some of them also have nuclear weapon with incredible destructive power so WW3 would be the biggest wars in the history and i think people would not thinking how to save their bitcoin and in this case bitcoin will dead

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[sportis]

--snip--

If world war III erupts the first one to be destroyed are the satellites in space since those are necessary in winning the battle. This means that in the first wave of the war the internet connection will also be cut-off rendering bitcoin transaction and mining useless. Another thing is when the battle will occur electricity as well as computers storing bitcoins will be destroyed. In short if World War III occurs bitcoin will also die.

To my point of view this will never happen. There are about 1500 operational satellites around the earth according to pixalytics and imo is not an easy task to destroy them. Therefore, this not the case. I believe people will not bother with bitcoin because they will have to give priority in basic needs (food and water) and mining will stop because governments they will not permit vast amounts of electricity to be consumed only for mining processes.

[Adelajda]

I wish there is no other war coming up because war always destroys everything and nothing will be the same after a war ,like everything bitcoin wont exist if there is a world war because the first issue we will encounter is the telecommunication system and without it you really cannot use bitcoin let alone telecommunication systems. 

[Sithara007]

I wish there is no other war coming up because war always destroys everything and nothing will be the same after a war ,like everything bitcoin wont exist if there is a world war because the first issue we will encounter is the telecommunication system and without it you really cannot use bitcoin let alone telecommunication systems. 

According to the Goddard Space Flight Center, there are more than 2,000 artificial satellites orbiting the earth. I don't think that all these satellites will be destroyed in case of a world war. So some sort of telecommunication system will remain, and will be functional with limited ability.

[GreenBits]

--snip--

If world war III erupts the first one to be destroyed are the satellites in space since those are necessary in winning the battle. This means that in the first wave of the war the internet connection will also be cut-off rendering bitcoin transaction and mining useless. Another thing is when the battle will occur electricity as well as computers storing bitcoins will be destroyed. In short if World War III occurs bitcoin will also die.

To my point of view this will never happen. There are about 1500 operational satellites around the earth according to pixalytics and imo is not an easy task to destroy them. Therefore, this not the case. I believe people will not bother with bitcoin because they will have to give priority in basic needs (food and water) and mining will stop because governments they will not permit vast amounts of electricity to be consumed only for mining processes.

Valid point. Even if the network still exists, staying alive would take the cake, I don't think folks would bother with btc given how unreliable access would be in this situation. There might be nternet, but it just won't be everywhere. Also, ID much rather some ammunition, food, or precious metal, as they would be the most liquidable assets in this scenario. Hell, medicine, tools, seeds, nutrients, seasonal clothes, drugs, fuck it, anything that I can hold in my hand and has value, period.

Although magic internet money has its advantages, a SHTF scenario is not its shining moment.

[novemberwoah]

--snip--

If world war III erupts the first one to be destroyed are the satellites in space since those are necessary in winning the battle. This means that in the first wave of the war the internet connection will also be cut-off rendering bitcoin transaction and mining useless. Another thing is when the battle will occur electricity as well as computers storing bitcoins will be destroyed. In short if World War III occurs bitcoin will also die.

To my point of view this will never happen. There are about 1500 operational satellites around the earth according to pixalytics and imo is not an easy task to destroy them. Therefore, this not the case. I believe people will not bother with bitcoin because they will have to give priority in basic needs (food and water) and mining will stop because governments they will not permit vast amounts of electricity to be consumed only for mining processes.

In world war III is believed to be a nuclear war, and this will happen with terrible. Indeed you are right, I think satellites will not be destroyed because it is not the aim of world war III. But the impact of this war will only disturb satellite networks and not destroy, after this is exceeded will be back to normal. I agree with you, in this war I think the priority is not on bitcoin but on their basic needs. Bitcoin also I think are not going to die (like gold in world war II), and even the price could go up. Who will die is the currency because the economy certainly worsened in world war III and the impact on the currency.

[bryant.coleman]

--snip--

If world war III erupts the first one to be destroyed are the satellites in space since those are necessary in winning the battle. This means that in the first wave of the war the internet connection will also be cut-off rendering bitcoin transaction and mining useless. Another thing is when the battle will occur electricity as well as computers storing bitcoins will be destroyed. In short if World War III occurs bitcoin will also die.

To my point of view this will never happen. There are about 1500 operational satellites around the earth according to pixalytics and imo is not an easy task to destroy them. Therefore, this not the case. I believe people will not bother with bitcoin because they will have to give priority in basic needs (food and water) and mining will stop because governments they will not permit vast amounts of electricity to be consumed only for mining processes.

In world war III is believed to be a nuclear war, and this will happen with terrible. Indeed you are right, I think satellites will not be destroyed because it is not the aim of world war III. But the impact of this war will only disturb satellite networks and not destroy, after this is exceeded will be back to normal. I agree with you, in this war I think the priority is not on bitcoin but on their basic needs. Bitcoin also I think are not going to die (like gold in world war II), and even the price could go up. Who will die is the currency because the economy certainly worsened in world war III and the impact on the currency.

Money and all forms of wealth loses value when catastrophes strike. Take the 1932-33 Soviet famine for example. Food became extremely expensive, after the crops failed. In Ukraine, peasants tried to purchase food with gold bullion coins and physical cash, but found that they are almost useless. Even when they could procure food against these assets, the exchange rates were heavily skewed. I am assuming that the same will happen in case of the next world war. Securing food will be the main priority, and cash/gold/BTC will lose their value.

[RJX]

What use has bitcoin when there is no electricity?

I think you will be better off focusing on water, food, shelter and medication.

[Sithara007]

What use has bitcoin when there is no electricity?

I think you will be better off focusing on water, food, shelter and medication.

Dude, technology has progressed so much that with a $10 solar panel, you will be able to generate electricity. If you don't want to use solar panels, then there are thousands of other options.

[RJX]

What use has bitcoin when there is no electricity?

I think you will be better off focusing on water, food, shelter and medication.

Dude, technology has progressed so much that with a $10 solar panel, you will be able to generate electricity. If you don't want to use solar panels, then there are thousands of other options.

Ah that's right, I forgot I allready live in a cave so I don't need to worry about shelter.

Well good luck to you and your $10 solar panel then, hopefully there will be enough others keeping the network alive using solar panels, treadmills or bicycle conversions to get you that 1 confirmation.

get real.

[novemberwoah]

--snip--

If world war III erupts the first one to be destroyed are the satellites in space since those are necessary in winning the battle. This means that in the first wave of the war the internet connection will also be cut-off rendering bitcoin transaction and mining useless. Another thing is when the battle will occur electricity as well as computers storing bitcoins will be destroyed. In short if World War III occurs bitcoin will also die.

To my point of view this will never happen. There are about 1500 operational satellites around the earth according to pixalytics and imo is not an easy task to destroy them. Therefore, this not the case. I believe people will not bother with bitcoin because they will have to give priority in basic needs (food and water) and mining will stop because governments they will not permit vast amounts of electricity to be consumed only for mining processes.

In world war III is believed to be a nuclear war, and this will happen with terrible. Indeed you are right, I think satellites will not be destroyed because it is not the aim of world war III. But the impact of this war will only disturb satellite networks and not destroy, after this is exceeded will be back to normal. I agree with you, in this war I think the priority is not on bitcoin but on their basic needs. Bitcoin also I think are not going to die (like gold in world war II), and even the price could go up. Who will die is the currency because the economy certainly worsened in world war III and the impact on the currency.

Money and all forms of wealth loses value when catastrophes strike. Take the 1932-33 Soviet famine for example. Food became extremely expensive, after the crops failed. In Ukraine, peasants tried to purchase food with gold bullion coins and physical cash, but found that they are almost useless. Even when they could procure food against these assets, the exchange rates were heavily skewed. I am assuming that the same will happen in case of the next world war. Securing food will be the main priority, and cash/gold/BTC will lose their value.

Food to be expensive at that time I think because hyperinflation, so it's normal if currency becomes worthless and food to be very expensive. While gold I think even increase. Let's look at another example in the same time, during World War II in an era of upheaval (1930-1950) gold prices jumped from $ 20 per ounce to $ 40. I believe in a world war III bitcoin prices will also rise, because world crisis will occur that causes a lot of people save their wealth in bitcoin. Bitcoin is a valuable commodity besides gold that when World War III will be used by many people to save wealth. Moreover, bitcoin is very practical and easy to saving, so it will be the best choice.

[J Gambler]

If world war 3 will happen soon maybe lots of user of bitcoin would sell their coins the reason why is they will be needing money for to survive for the crisis happening to the world. If they died they can't even use bitcoin in second life much better to sell them or become worthless.

[Dem-artini]

If world war 3 will happen soon maybe lots of user of bitcoin would sell their coins the reason why is they will be needing money for to survive for the crisis happening to the world. If they died they can't even use bitcoin in second life much better to sell them or become worthless.

The fact that bitcoin will be sold is really so, but only the reasons will be different. I think that today many believe in the future bitcoin, but when hostilities begin, in the whole world, bitcoin will begin to lose relevance. Therefore, you do not want to risk your savings with risk.

[Sithara007]

If world war 3 will happen soon maybe lots of user of bitcoin would sell their coins the reason why is they will be needing money for to survive for the crisis happening to the world. If they died they can't even use bitcoin in second life much better to sell them or become worthless.

The fact that bitcoin will be sold is really so, but only the reasons will be different. I think that today many believe in the future bitcoin, but when hostilities begin, in the whole world, bitcoin will begin to lose relevance. Therefore, you do not want to risk your savings with risk.

I don't think that Bitcoin will lose its relevance. But at the same time, a lot of trade will happen as people will be desperate to buy food and supplies. The super-rich will start accumulating Bitcoin, as it is one of the few assets which can't be confiscated by the regime.

[bryant.coleman]

Food to be expensive at that time I think because hyperinflation, so it's normal if currency becomes worthless and food to be very expensive. While gold I think even increase. Let's look at another example in the same time, during World War II in an era of upheaval (1930-1950) gold prices jumped from $ 20 per ounce to $ 40. I believe in a world war III bitcoin prices will also rise, because world crisis will occur that causes a lot of people save their wealth in bitcoin. Bitcoin is a valuable commodity besides gold that when World War III will be used by many people to save wealth. Moreover, bitcoin is very practical and easy to saving, so it will be the best choice.

Looking at the gold vs USD exchange rates will give you only a partial picture. What if the purchasing power of the USD goes down by 50%? Even if the exchange rate rises by 2 times in terms of USD, the purchasing power will remain the same. And during the WW III, the purchasing power of the United Sates Dollar will go down significantly, if the US gets involved militarily.

[molsewid]

Bitcoin will still alive bitcoin will never die even there will crisis happened on this world not unless bitcoin will be removed from internet and no one uses it as long as their an users keep using it for own good sake. I will probably sold all my coins if this happen I used it to survive for how many days if I won't died on this day hahaha

[kreskko]

Food to be expensive at that time I think because hyperinflation, so it's normal if currency becomes worthless and food to be very expensive. While gold I think even increase. Let's look at another example in the same time, during World War II in an era of upheaval (1930-1950) gold prices jumped from $ 20 per ounce to $ 40. I believe in a world war III bitcoin prices will also rise, because world crisis will occur that causes a lot of people save their wealth in bitcoin. Bitcoin is a valuable commodity besides gold that when World War III will be used by many people to save wealth. Moreover, bitcoin is very practical and easy to saving, so it will be the best choice.

Looking at the gold vs USD exchange rates will give you only a partial picture. What if the purchasing power of the USD goes down by 50%? Even if the exchange rate rises by 2 times in terms of USD, the purchasing power will remain the same. And during the WW III, the purchasing power of the United Sates Dollar will go down significantly, if the US gets involved militarily.

During the war, the national currency of the belligerent countries always fell, but the fact is that it is still backed up by a gold reserve. And with Bitcoin, the situation is different. Therefore, my opinion is that bitcoin with war is not friendly at all and if this happens, then salvation in peaceful areas or complete collapse.

[Marma Kalari]

According to the Goddard Space Flight Center, there are more than 2,000 artificial satellites orbiting the earth. I don't think that all these satellites will be destroyed in case of a world war. So some sort of telecommunication system will remain, and will be functional with limited ability.

It is true that there are more than 2000 artificial satellites orbiting but the receiver is in earth and when it comes to a world war you can never predict how things will end up with all the nuclear weapons every major country is holding,will tell you an example i was stuck in a place when there was a natural disaster and all the network crashed ,no mobile signals no internet and that might happen . When it comes to bitcoin,the price will increase when it comes to a unstable economic situation and especially during war.

[Sithara007]

When it comes to bitcoin,the price will increase when it comes to a unstable economic situation and especially during war.

Can't predict anything, because the chance of a world war 3 is extremely low right now. Had Hillary won the 2016 POTUS elections, then the chances would have brightened, but under Trump I don't think that there will be a major war involving the United States at least until 2020 (when his term ends).

[iamTom123]

I am pessimistic about the chances of BTC in case of a WW3 occurring. But it also depends on whether the United States gets involved in the war or not. If the US is not involved militarily, then the value of USD will rise, and correspondingly the value of BTC will go down.

I also have the same feeling. A great global war can disrupt anything and everything. I am predicting that in case a global war can happen, it is impossible for USA to just sit on the sideline and not to lead the efforts. However, let's all wish that nothing of this sort can happen to all of us. We need peace more than anytime of our history.