Potential Korean War and bitcoin super bull

[uslfd]

South Korea BTC is trading at $20K right now.
Do you think this is pure speculation or are they actually partially hedging against an event of an outbreak of North Korea, American war?
If US goes to war with North Korea tomorrow, I feel BTC could surge by 100% in one day - what do you think?

[1715559063]

1715559063

[uslfd]

As of now, Korean exchange BTC trading at 22.7K while the international market is trading at 16K

If a war broke out

1. NORTH KOREA:Kim would buy MORE bitcoin because he knows he will almost lose for sure. The only way for Kim to preserve his wealth is probably by buying a bit of everything but mostly things like bitcoin. He could run away and hide in somewhere in China after NK loses.

2. South Korea would panic BUY bitcoin because Korean Won value would probably depreciate by 50% overnight. Also, if South Koreans were to run away from Korea the only quickest viable way to protect their wealth is to buy bitcoin - then take the hardware wallet with you to another country

3. Japenese average Joe would also BUY bitcoin beacuse they fear the war would drag down Yen's value and they would rush to preserve their wealth

4. In general all East and SE Asian currencies will face downward pressure pushing people to hedge by buying BTC

5. If China supports NK in the war, it will be a war between China and US. China+ NK probably will lose, this will induce a huge instability within China and Chinese will again, flock to bitcoin to hedge against it.

Thoughts?

[baradfo]

I agree that if war broke out in SE asia that the masses would start transferring their wealth into BTC and the price would shoot up dramatically. Though I do disagree that China would enter the war initially on the side of NK if they did at all. I think that they are thinking more globally at this point more than regionally and would see a war with the US as something that would not end well for either side. Not to say that they wouldn't do things to hinder the US, but wouldn't join in overtly unless the US gives them a reason to do so.

[bitfools]

I agree that if war broke out in SE asia that the masses would start transferring their wealth into BTC and the price would shoot up dramatically. Though I do disagree that China would enter the war initially on the side of NK if they did at all. I think that they are thinking more globally at this point more than regionally and would see a war with the US as something that would not end well for either side. Not to say that they wouldn't do things to hinder the US, but wouldn't join in overtly unless the US gives them a reason to do so.

North Korea is like "SIBERIA", north cold,

But you talk about "SE" the SE of ASIA is like Beaches, like "The Beach" ( a movie )

R ppl really this ignorant of geography?

NK has the largest mineral wealth of 'rare earth' on earth, and OIL reserves exceeding SAUDI, this is all U need to know why USA wants to STEAL NK

[bitfools]

As of now, Korean exchange BTC trading at 22.7K while the international market is trading at 16K

If a war broke out

1. NORTH KOREA:Kim would buy MORE bitcoin because he knows he will almost lose for sure. The only way for Kim to preserve his wealth is probably by buying a bit of everything but mostly things like bitcoin. He could run away and hide in somewhere in China after NK loses.

2. South Korea would panic BUY bitcoin because Korean Won value would probably depreciate by 50% overnight. Also, if South Koreans were to run away from Korea the only quickest viable way to protect their wealth is to buy bitcoin - then take the hardware wallet with you to another country

3. Japenese average Joe would also BUY bitcoin beacuse they fear the war would drag down Yen's value and they would rush to preserve their wealth

4. In general all East and SE Asian currencies will face downward pressure pushing people to hedge by buying BTC

5. If China supports NK in the war, it will be a war between China and US. China+ NK probably will lose, this will induce a huge instability within China and Chinese will again, flock to bitcoin to hedge against it.

Thoughts?

The chinese & south-korean are already in play

The SE ppl in general are dirt-poor, and thus like a person in Africa, BTC is not on their mind, rice and potable water is a higher priority.

USA is bring WAR to KOREA, no fucking DOUBT, rich ppl ( asian ) have no where to hide their money, as USA will destroy all the NORTH-ASIAN banks in their 'war'

There is no other recourse for USA, its either STEAL NK now, or civil war at home.

NK has the largest mineral wealth of 'rare earth' on earth, and OIL reserves exceeding SAUDI, this is all U need to know why USA wants to STEAL NK



[size=20pt]Like the rich say in China "BTC is the currency of God's", you got to be a RICH GUY to even be in the game.[/size]

[roddy5]

As of now, Korean exchange BTC trading at 22.7K while the international market is trading at 16K

If a war broke out

1. NORTH KOREA:Kim would buy MORE bitcoin because he knows he will almost lose for sure. The only way for Kim to preserve his wealth is probably by buying a bit of everything but mostly things like bitcoin. He could run away and hide in somewhere in China after NK loses.

How can he buy BTC if he is not trading outside of his country? Does NKW have any worth on other countries? He is only trading with China and China ban trading their bitcoin to other countries.

2. South Korea would panic BUY bitcoin because Korean Won value would probably depreciate by 50% overnight. Also, if South Koreans were to run away from Korea the only quickest viable way to protect their wealth is to buy bitcoin - then take the hardware wallet with you to another country

I think that's what happening right now, some people are trying to protect their Won and is converting it to bitcoin for future withdrawal.

3. Japenese average Joe would also BUY bitcoin beacuse they fear the war would drag down Yen's value and they would rush to preserve their wealth

This is right whenever the war begin almost all of the countries in the SE will be affected by the war since investment on their country will drop.

4. In general all East and SE Asian currencies will face downward pressure pushing people to hedge by buying BTC

No comment on this one.

5. If China supports NK in the war, it will be a war between China and US. China+ NK probably will lose, this will induce a huge instability within China and Chinese will again, flock to bitcoin to hedge against it.

Thoughts?

I don't think that us will defeat China that easily in war, China's army size is massive than US and they also have a lot of armaments.

[lzby2000]

It is clear that this is possible. The situation in East Asia has become more and more tense in recent two years. Sometimes it feels like waking up in the morning, there's already a war there. The enthusiasm of South Koreans compared to special currency for the past month is rising, which suggests that bitcoins are being increasingly accepted by more countries and individuals.

[ipanks]

South Korea BTC is trading at $20K right now.
Do you think this is pure speculation or are they actually partially hedging against an event of an outbreak of North Korea, American war?
If US goes to war with North Korea tomorrow, I feel BTC could surge by 100% in one day - what do you think?

a country in asia like japan, korea, china makes a war for bitcoin price and now there is a big difference for each of country. korea market now leading the position of bitcoin price but I see china and japan trying to compete with them. I think this is a good thing for us because if the price can increase more than now, we can make a lot of profit while the price is at the top of the price. we are going to see a new leader of cryptocurrency in asia soon after this war.

[MrVuuu]

Once upon of time the price of gold grew during wars, bitcoin is somewhat similar to this metal, so from a historical point of view, thought has the right to exist.

[intelligent.investor]

are they actually partially hedging against an event of an outbreak of North Korea, American war?
If US goes to war with North Korea tomorrow, I feel BTC could surge by 100% in one day - what do you think?

When war breaks out the only thing you need is food and drinking water man, and in case of bitcoin many would not have access to internet at that moment.....

[bitfools]

South Korea BTC is trading at $20K right now.
Do you think this is pure speculation or are they actually partially hedging against an event of an outbreak of North Korea, American war?
If US goes to war with North Korea tomorrow, I feel BTC could surge by 100% in one day - what do you think?

a country in asia like japan, korea, china makes a war for bitcoin price and now there is a big difference for each of country. korea market now leading the position of bitcoin price but I see china and japan trying to compete with them. I think this is a good thing for us because if the price can increase more than now, we can make a lot of profit while the price is at the top of the price. we are going to see a new leader of cryptocurrency in asia soon after this war.

BITCOIN will end  up as some kind of SDR a universal metric of a HUGE amount of money that only gods will use,

Some alt-currencys will fall out of this for day2day business use

Some 90% of BITCOIN will be ASIAN action, the west will largely be controlled by its failing GOV &BANK, and MIL-COP system of police-state, where the average joe is left out of  the game,

ASIANS know that paper money is worthless, but Western people have no education or knowledge of history that the US DOLLAR is just toilet paper backed by a GUN (NUKE).

The USA will do something STUPID in ASIA, perhaps North-Korea, and the entire world will dump the US DOLLAR, then BITCOIN will skyrocket in USD terms, but this means nothing as the USD will have no value, thus a BTC could go to a Trillion US DOllar

[cpfreeplz]

Why would war make bitcoins more expensive? I don't get the logic. Would people be panicking to get out of fiat or for some reason you think they'll want bitcoin for some other reason?

[Markzuckertion]

Yes I am sure that it is the biggest factors of the bitcoin price increasing, not only korean people but also japanese people, they are convert their fiat into bitcoin to save their wealth. Its good for bitcoin. Its so logic, isn't it? Potential korean war is the biggest factor, its my opinion.

[bitfools]

are they actually partially hedging against an event of an outbreak of North Korea, American war?
If US goes to war with North Korea tomorrow, I feel BTC could surge by 100% in one day - what do you think?

When war breaks out the only thing you need is food and drinking water man, and in case of bitcoin many would not have access to internet at that moment.....

The USA will bomb the shit out of NK, and it will have little effect, as NK is not known for its BTC exchanges, or mining farms

SK would of course be badly hurt by retribution, but bare in mind that USA could take out most offensive ballistic sites in first few hours of bombing NK,

The internet was designed for this shit, its NOT going down, also most ppl in ASIA have smart phones, the INTERNET is NOT GOING DOWN

HELL YES, if USA starts bombing NK tomorrow BTC could go to $500k USD, why? Because SK ppl have no place else to hide their wealth

But make no mistake the BOMBING of NK is just so USA can steal their wealth and buy some time to keep the USA corporate welfare plantation alive, the USA is going down, and whether that be 2018, or 2022 its going down, and BITCOIN will skyrocket once the world loses confidence in the USA/USD Murder-Inc criminal racket known as US-MILITARY.

[bitfools]

Yes I am sure that it is the biggest factors of the bitcoin price increasing, not only korean people but also japanese people, they are convert their fiat into bitcoin to save their wealth. Its good for bitcoin. Its so logic, isn't it? Potential korean war is the biggest factor, its my opinion.

Yes, KIM is smart enough to know that JAPAN & South-Korea are USA slave colony's just like Taiwan, and Philiipines.

Thus KIM will BOMB the fuck out of TOKYO, or have his plants burn it down from inside,

Thus BITCOIN will go to $500k, cuz the Japs&s-kors have no place to hide their wealth, when they flee their homes and head to the farmlands of japan, as the citys will become hell zones.

The real question is DONALD TRUMP this stupid?

Hell yes, and he's doing gods work, cuz god lives in Israel.

[tanghere1]

Why is their so much post that war would happen? Can't we just live in peace? I know that bitcoin price is too high right now but that doesn't mean their's war upon us.

[bitfools]

Why would war make bitcoins more expensive? I don't get the logic. Would people be panicking to get out of fiat or for some reason you think they'll want bitcoin for some other reason?

Asians have known constant tribal war in ASIA for some +4,000 years, and all along, you kept a couple ounces of GOLD buried at home, and in time of war you fled to a new place to farm with the family.

Now today, GOV made it impossible to FLEE with GOLD, thus BITCOIN allows ppl to keep their wealth safe from criminals and GOV cop criminals.

When everybody BUYS something the price sky-rockets, likewise nobody wants the local currency, cuz in times of war there is NO confidence in the government.

***

The USA brought this shit on, Israel wants the North Korean OIL&RARE-EARTH minerals, its said that OIL reserves in NK rival saudi, which is now kaput, the zionists of saudi/israel want North-Korea, and China is NOT going sit on their ass nor Russia, so we're talking WW3,

ONLY place to hide your money will be BITCOIN

[expertofexperts]

are they actually partially hedging against an event of an outbreak of North Korea, American war?
If US goes to war with North Korea tomorrow, I feel BTC could surge by 100% in one day - what do you think?

When war breaks out the only thing you need is food and drinking water man, and in case of bitcoin many would not have access to internet at that moment.....

You think Kim will wait for the day when war begins? He dont have any advisors? Come on, he seems to have already been preparing to invest his money and trying best to hide anywhere in world. He dont want to get in position like Gaddafi or Saddam.

[pooya87]

but there are other countries with much higher prices like this too. what can you explain about them? for example price was above $20k in India and someone said it is above $20k in Zimbabwe too but i didn't check it myself. these countries like India have no war or anything, they are just buying because the demand has been increasing with a high speed. and also it is partly due to panic buying that people are now "scared of missing the boat" because they have been waiting for a couple of years and seeing price go up from $200 to $10,000 so they don't want to make the same mistake again but they are making another mistake now!

[Tux99]

South Korea BTC is trading at $20K right now.
Do you think this is pure speculation or are they actually partially hedging against an event of an outbreak of North Korea, American war?
If US goes to war with North Korea tomorrow, I feel BTC could surge by 100% in one day - what do you think?

Agree. People will save their money into savest place that is bitcoin. Make bitcoin double.
But if this war happen then i will not support at all since i do not like war. Peace is better.