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Author Topic: effect of war to bitcoin  (Read 2032 times)
nrvasquez
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September 15, 2017, 12:28:21 PM
 #21

I think to start a war. both sides must really consider many aspects. and does not necessarily see the desire to win. there are many civilians who should not be involved. and I think with its relationship with bitcoin, it will not matter if the market goes ahead. but usually in such circumstances nothing will run normally, so maybe bitcoin will also have a big impact as a result of the incident.

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September 15, 2017, 12:28:32 PM
 #22

In a world where BTC is a global currency (otherwise it would not make sense):

Well I think war and bitcoin change the economics of war. No party which participates in the war can just print more money (like f.e. the US has done several times)

For a small country (lets call it country A) in war, bitcoin would be good, because the other states, can´t just declare the currency of country A as illigal.

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September 15, 2017, 12:34:51 PM
 #23

We are in a critical position right now and because of the lock down china have done then were gonna go with a probable war bitcoin will surely lead to decrease of value not only bitcoin but other Altcoins that have connections to that said country, because I have seen an article or news that if USA declare war against North Korea, Russia and China would surely gonna go up and have a part in these war,

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September 15, 2017, 12:35:17 PM
 #24

How is it even linked? North Korea does not have access to internet. I dont think they use bitcoins at all.

Only rumors of mining bussiness over there, dodging sanctions. Exploiting their national coal supply by feeding the needed electricity with that. So in a way still able to export coal just in its transformed existance as bitcoins. What a waste.
Could explain why china shuts down their exchanges, if true. Worldwide support for the regime keeps dwindling.

I doubt those rumors. But worldwide hashrate charts are featuring white spots for unknown pools.
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September 15, 2017, 12:43:40 PM
 #25

In a world where BTC is a global currency (otherwise it would not make sense):

Well I think war and bitcoin change the economics of war. No party which participates in the war can just print more money (like f.e. the US has done several times)

For a small country (lets call it country A) in war, bitcoin would be good, because the other states, can´t just declare the currency of country A as illigal.
End of bitcoin? You kidding me? Such war would begin a crusade which could even lead to world destruction. The amount of nuclear  weapon which both countries posses is really enough to ruin the world. Coming to bitcoin I think its the only thing that may even survive after all the currencies are gone because most of the war and ammunition payments are done with this instrument. Moreover I really dont think any war is coming anytime soon.


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HeRetiK
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September 15, 2017, 02:54:07 PM
 #26

Do you really think there will be war ?

They are smarter than that. Both sides know, that no-one will benefit from that kind of war.

I don't believe that anything will happen, and if it did, bitcoin would probably be a safe haven

In time of crisis and wars people are running away to "safe" investment such as gold.
In case of a world war or nuclear war usd will drop down hard and price of bitcoin to usd will go up.

BTC has not yet established itself as a safe haven kind of investment, not by a long shot.

Even gold is only so good an investment in times of crisis. It's attractive when other investments such as stocks and bonds fail, but during war times, not so much. If you look at historical gold prices you can actually see the market declines during WW1 and 2.

http://www.macrotrends.net/1333/historical-gold-prices-100-year-chart


Either way, in case of a nuclear war Bitcoin will be the least of our worries. Better find shelter and start collecting bottlecaps.

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September 15, 2017, 02:56:16 PM
 #27

War has nothing to do with bitcoin unless the whole internet was shut down or damaged as a collateral of the fight. It's price would have plummeted tho due to many cashing-out to add provisions during the war.

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September 15, 2017, 02:56:27 PM
 #28

Ends of Bitcoin? Are you kidding me? In fact Bitcoin is going to rise in price because of war, Bitcoin is almost indestructible digital assets (except apocalypse) so I'm sure Bitcoin won't end because some person launches ICMB.

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September 15, 2017, 03:02:52 PM
 #29

I really think that this war will not happen. Too much countries are going to be involved. I suppose Russia and China will join to the war, cause of their territory is going to be touched 100%. But bitcoin in this countries will stay on use, cause of the Inernet is not going to be ruined everywhere.

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September 15, 2017, 03:04:06 PM
 #30

If North Korea will start the war bitcoin will likely fall down because of the situation yet it could be a world war and there could be no investors at all.

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September 16, 2017, 12:36:42 AM
 #31

If North Korea will start the war bitcoin will likely fall down because of the situation yet it could be a world war and there could be no investors at all.
investors do not come only from America and North Korea bro, but from all over the world, if you do not see China, he forbids the use of ICO then forbid the use of bitcoin but its real until now bitcoin still exists whereas China is the country with the largest bitcoin transaction but bitcoin still able overcome it

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September 16, 2017, 12:57:22 AM
 #32

it seems usa vs north korea will happen. nokor just launched another icbm today.

do you think this will start the end of bitcoin?


That doesn't have any relation with bitcoin whatsoever. Bitcoin price was going down due to three factors. The first one is the ICO ban, second is the exchange ban and the third is the comment of JPM CEO Jemmie. Bitcoin price is recovering now and it will now break all time record. Wait for it!

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September 16, 2017, 01:58:20 AM
 #33

The threat of war is always present at any time, and the latest issue is north korea that continues to test nuclear, I think the impact of war will be felt for the world economy including bitcoin.

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September 16, 2017, 02:09:22 AM
 #34

it seems usa vs north korea will happen. nokor just launched another icbm today.

do you think this will start the end of bitcoin?

The war will have serious consequences in many aspects. Which will affect the economy of the country. Bitcoin trading will also be affected. When there is not enough money to meet the needs of food, clothing, housing... they will not be interested in investing bitcoin compared to stable countries.



 

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September 16, 2017, 02:12:10 AM
 #35

war in this world will not only destroy the bitcoin system but will also destroy the economic system around the world. we all know that warfare can cause many problems. bitcoin as a digital currency would be disturbed, it could be the price of bitcoin decreased and even to disappear,

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September 16, 2017, 02:13:49 AM
 #36

People typically flock to gold during times of crisis.

If Bitcoin is truly a competitor to gold as a store-of-value, then Bitcoin might rally if war breaks out.


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September 16, 2017, 02:18:50 AM
 #37

There wont be any war. Then what's the purpose of UN. None of the other countries prefer war too. If it reaches that stage, then all other countries will step forward for as mediators. So don't worry guys. Enjoy your life. Stay healthy and happy.

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September 16, 2017, 02:21:21 AM
 #38

If North Korea and USA start a war, BTC will be your last concern . Only food and anti radiation shelters will have value.

Not even these will have a value, if these two countries start a nuclear war, will be the end of life on earth.


this remind me to think my lovely children. i always pray to God that dont let the Demon minds strike those leaders..
and i think bitcoin will drop it too low. when it happen. goodbye satoshi!

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September 16, 2017, 02:24:53 AM
 #39

I see pretty hard that this war is going to be reality. However if it happens (again, it won´t but well...), I see many swings in the BTC due to the fear that provoke events like this.

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September 16, 2017, 02:46:15 AM
 #40

If North Korea and USA start a war, BTC will be your last concern . Only food and anti radiation shelters will have value.
Perhaps there's a huge impact on BTC when the war starts, lets keep in our mind it won't happened because if the war continue's , everything got chaos considering every country has allies and the worst thing is through our innovations in making powerful weapons, the launching of nuclear bomb, in a blink of an eye could lead a massive destruction. Economy will fall. Digital currency will follow.

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