Will Bitcoin value crash if North Korea goes to war with Japan

[sanjeevtalks]

Hey guys. With North Korea sending one of their bombs flying over the island of Japan it made me realize what happens to the value of Bitcoin if a war breaks out.

If North Korea attacks Japan will it send the value of Bitcoin crashing down or will the opposite happen? 

Let me just also clarify that I do not wish for a war and hope the value goes up in a peaceful environment.

[vroom]

such a war would escalate pretty fast. With china, russia, south korea and japan, such a conflict could lead to a world war pretty fast. I think such events have the same effect on the bitcoin price as on gold. it's value would increase.

but it will also have some unpredictable effects. Will there be enough electrical and hash power to keep the blockchain alive? how difficult would it be to buy something with bitcoin and would it be possible to exchange bitcoin for fiat?

[sanjeevtalks]

such a war would escalate pretty fast. With china, russia, south korea and japan, such a conflict could lead to a world war pretty fast. I think such events have the same effect on the bitcoin price as on gold. it's value would increase.

but it will also have some unpredictable effects. Will there be enough electrical and hash power to keep the blockchain alive? how difficult would it be to buy something with bitcoin and would it be possible to exchange bitcoin for fiat?

That's precisely my point. Will people start selling it to pick up goods for their shelters? Essential services getting hit would hamper blockchain.

Let me start by saying that I predict Bitcoins value will go down. People would start dumping it and rather stack cash at home.

[carlosmg]

The currencies of these countries will suffer a lot of instability, so it would make sense if they bought Bitcoin to preserve their wealth. But the impact on the price would not be as great, since the rest of Asia would continue to buy and sell Bitcoin normally.

[sanjeevtalks]

The currencies of these countries will suffer a lot of instability, so it would make sense if they bought Bitcoin to preserve their wealth. But the impact on the price would not be as great, since the rest of Asia would continue to buy and sell Bitcoin normally.

Wouldn't other countries also start to sell if they see the prices dropping?

[KennyR]

War might cause a catastrophic impact over the growth of bitcoin. Also both countries were technology wise developed, and highly a supportive for bitcoin as well digital currencies. So these countries getting into war will always generate a negative impact, and I don't think there is an urge on war.

[butcherboss]

Personally I don't really think North Korea would go on a war with Japan.

But if it does happen it might trigger a world war which usually results in a crash in world economy which can have unpredictable effects on bitcoin, since people can look at bitcoin as a way to preserve their wealth or everyone cashes out for physical resources, which would result in a crash. Lets just hope it doesn't come to this 

[zopply]

Will never ever happen. North Korea is crazy but not THAT crazy. Anyway for speculation point of view i agree with some earlier posts, would increase the price of bitcoin because it would be a safer currency.

[teilwalL05]

In my opinion every bad things that might happen to the economic growth of japan may surely influence the market growth of bitcoin and japan has been very reliable in increasing the pace for the bitcoin involvement and they are surely innovating the way bitcoin is right now.

But I guess even thought the leader of North Korea are really crazy he is not dumb to wage war against another country that are highly known to all Asia.

[BillyBobZorton]

War might cause a catastrophic impact over the growth of bitcoin. Also both countries were technology wise developed, and highly a supportive for bitcoin as well digital currencies. So these countries getting into war will always generate a negative impact, and I don't think there is an urge on war.

To the contrary... Japan and South Korea have shown to be strong markets capable of moving crypto prices (look at Bitcoin Cash's pump which was lead by these markets, and again look at Monero's latest big pump also lead by bithumb exchange which is a Japanese or South Korean one (not sure to be honest)

Why would Bitcoin crash? if anything it would pump, because ultimately it is a neutral asset, and it is perfect to put your wealth in it and run to a safe place, no other asset allows yo to do this.

[krizniq]

mainstream media washed quite a few braincells ... confirmed.

anyway, if something like that happens, bitcoin will surelly go up - because it will hold value definitely better than fiat money of the country in war.

[gentlemand]

Why would Bitcoin crash? if anything it would pump, because ultimately it is a neutral asset, and it is perfect to put your wealth in it and run to a safe place, no other asset allows yo to do this.

It's a lovely thought but anyone betting on that is likely to get their arse handed to them. Most of the market is made up degenerate gamblers and terrified children. If it came to a genuine crunch most people would run screaming. Give it a couple more decades and then it might be a real possibility.

[sanjeevtalks]

Why would Bitcoin crash? if anything it would pump, because ultimately it is a neutral asset, and it is perfect to put your wealth in it and run to a safe place, no other asset allows yo to do this.

It's a lovely thought but anyone betting on that is likely to get their arse handed to them. Most of the market is made up degenerate gamblers and terrified children. If it came to a genuine crunch most people would run screaming. Give it a couple more decades and then it might be a real possibility.

That's exactly what I am trying to convey. Since Bitcoin is still in its nascent stage people will panic faster than physical cash. Plus Japan has been one of the biggest innovators for Bitcoin usage and them slowing down could drive the value down.

But alas this is again speculation.

[thend1949]

Personally I don't really think North Korea would go on a war with Japan.

But if it does happen it might trigger a world war which usually results in a crash in world economy which can have unpredictable effects on bitcoin, since people can look at bitcoin as a way to preserve their wealth or everyone cashes out for physical resources, which would result in a crash. Lets just hope it doesn't come to this  

I don't think that if war happens between these two counties will occur, maybe crash will not immediately be happening and it might just result to sudden drop of bitcoin price fluctuation. But after the war I am pretty sure price and the economy of both fiat and digital currency will rise again and will initiate higher progress of bitcoin demand in the marketplace. Well normally since from the last world war that situations of economy really goes down if a war begun to happen and then rises when everything turns out normal and trading worldwide became stable again.

[maokoto]

I really hope that a war does not break, but think that when a war happens, the things that tend to go up in price are the real goods: food, clothing, shelter... we go back to reality when war breaks, are more aware that "money" is not worth much really, but only represents value of physical goods, so they go up in price.

[chickenado]

Hey guys. With North Korea sending one of their bombs flying over the island of Japan it made me realize what happens to the value of Bitcoin if a war breaks out.

If North Korea attacks Japan will it send the value of Bitcoin crashing down or will the opposite happen? 

Let me just also clarify that I do not wish for a war and hope the value goes up in a peaceful environment.

Statistically speaking, if location wise perhaps this is a minimal case on that since North Koreans don't have a strong economic system. They are known t have a less fortunate part of Korea with their President who abuses their rights most of the time. That's only a probable cause and thinking about the brighter side of bitcoin now means so much satisfying for it booms farther more than the war that will happen in Japan versus North Korea. However, Japan has a nice administration so definitely, it would be hard for North Koreans to attack Japan in that sense of stupidity. Crashing down case is highly not sufficient in that state because of war, bitcoin will still sojourn whatever incidents may occur in a certain location because it's not bitcoin's loss it's both countries that wants war.

[ardentvolcanoes]

it will I guess since its also a currency and if war will happen panic selling will impact also to bitcoin investment as we knew by the fact
that we cant do anything to avoid if ever this north Korean minister will really hits japan or US hope he would not pursue to it.

[Watari]

NK won't attack anyone. Just wants to call Donnie Dumb's bluff. And it's working.

NK wants nukes to protect itself, not to attack some other country first.

[spazzdla]

IF NK gets nuked into Glass?  Not sure.. it's not like they actually do anything in the global ecom.  Not really sure, there would be a dip in the stock market but BTC might rise.

[dothebeats]

NoKor doesn't have any significant impact on economics anywhere in the world, but Japan does. Fortunately, NoKor will never attack any other country first due to the fact that there's only China backing them up once this shit goes to reality. Also, this is just another Cold War—in my opinion—to show other countries who has the biggest dick of them all. On the other hand, Japan continues on supporting bitcoin all the way, and it's not as if Japan holds all of the trading volume of bitcoin. It might be some small change but not that drastic.

But again, who knows? It's very unlikely that a third war might broke. It's just some egotistic leaders wanting to show off their dicks.