How wars can affect Bitcoin?

[cheefbuza]

While commenting on one of threads over here. A really interesting thought popped into my mind. What will happen when there will be coming a huge war?
Even a World War III? Will Bitcoin pump or dump? What role will Bitcoin play? We all know the economy and the currencies are very vulnerable in wars.
I would like to hear some interesting thoughts, even maybe some full detailed articles? Anything would be very welcomed.

[Austin Alexis]

I think volatility suits bitcoin at this current point in its development. We've seen a very noticeable spike in value overtime there has been a global conflict. In the case of world war 3 well, it could become the main currency but I envisage world war 3 being fully scale nuclear war so I'm not sure I will care what currency is in use at that point

[think3214]

In my opinion, Bitcoin only exists in peacetime. Because of the complexity of BitCon, if the war all over the world we do not have time to focus on developing applications, etc. And when the war is limited electricity, internet .. I think In the war people will no longer care about BTC and BTC will die.

[Ausgewielt]

May be bitcoin price will rise, korean and japanese people buy bitcoin due to the growing war in north korea. In my oppinion they will buy bitcoin so when war is happen then they still can use their bitcoin outside of their countries and the citizens can support from outside war zone.

[hackzang12]

If there will be a war then expect a massive dump by the community but still bitcoin will stay just like internet. But for sure we are going back to stone age and after war there will be a one world government for sure.

[kimochidesh]

I think if something like this happens, the price of Bitcoin will increase as people will lose the faith on govt. and will try to secure their money. Keeping cash with them can be very risky so they will try to secure their money by converting into a digital form where no govt can affect its value. This will inc the buying vol. in the market, hence the price will rise.

[Aura]

A war will certainly affect Bitcoin if the transatlantic communications cable or similar is targeted for a breach. That means that no internet communication can happen and will result in worthless Bitcoin, at least for that time. The war could possibly even include EMPs, which means that all data gets erased and so does the blockchain, assuming that it is deployed in a big range. But the same can be said about banks, as I don't think that they still have physical written copies of their database. The only thing that will actually have value during a war is gold and other precious metals.

[hosseinimr93]

The price will rise. If there is a war in a country, people will prefer to put their money into a decentralized currency such as bitcoin. Because they will be able to use their money in abroad easily and without any difficulty and they won't need banks any more.

[coin-investor]

It will have a dramatic effect people will first keep their safety first more than anything else there will be a major disruption of internet activity and bitcoin could crash at it's the lowest level if the countries that are actively participating in the wars are active in cryptocurrency the trading will have significant effect.

[Welsh]

Unless people are looking to invest into something to store their assets in something other than traditional currency to avoid any issues with fiat currencies being affected by war. I don't think Bitcoin itself will take much of a impact directly from war it will be more of the impact it has on traditional currencies and what the people invest into.

[Baofeng]

While commenting on one of threads over here. A really interesting thought popped into my mind. What will happen when there will be coming a huge war?
Even a World War III? Will Bitcoin pump or dump? What role will Bitcoin play? We all know the economy and the currencies are very vulnerable in wars.
I would like to hear some interesting thoughts, even maybe some full detailed articles? Anything would be very welcomed.

We don't know what will happened to bitcoin in case a war break out in the future. But for me, bitcoin is not suited for this kind of situation. Although is can be used to hedge and to store you wealth in this crisis, it will be gold who will play a vital role. We have seen it happened during the last Great War as Britain used to pay its debts from war or even buy raw materials like steel and oil during and after the World War.

Only 2 cases have been so far documented bitcoin to be very useful during crisis. That is Venezuela and Zimbabwe economic turmoil. We never been tested in a War because obviously we haven't witness one yet.

[1 currency now]

Unless people are looking to invest into something to store their assets in something other than traditional currency to avoid any issues with fiat currencies being affected by war. I don't think Bitcoin itself will take much of a impact directly from war it will be more of the impact it has on traditional currencies and what the people invest into.

Bitcoin should impact wars because there is money with Bitcoin. People can transfer millions without a bank or with someone that needs to verify the amount.

[drachman]

While commenting on one of threads over here. A really interesting thought popped into my mind. What will happen when there will be coming a huge war?
Even a World War III? Will Bitcoin pump or dump? What role will Bitcoin play? We all know the economy and the currencies are very vulnerable in wars.
I would like to hear some interesting thoughts, even maybe some full detailed articles? Anything would be very welcomed.

It depends on the scope of the war, if the war is local then that is not going to have a great effect on the price of bitcoin however if it's as big as you are proposing and we have a World War III then everything is over, nuclear weapons would probably be used at that point and it's likely that the Internet will become heavily censored it and it's likely the same will happen with bitcoin at least on the first stages of the war but if the war is as bad as we think bitcoin will be the last of our problems.

[Nilda]

Bitcoins would be the least of your concern if World War III breaks out. Cryptocurrency is dependent on the internet, telecom infrastructures will be targeted, even satellites. There is a thread somewhere in this forum...No internet, no bitcoins.

[wuencds]

If war breaks out, the legal currencies of all countries will be affected and they will not support transactions with each other. Then the price of Bitcoin must rise and become the mainstream currency between the world. Most countries in different camps will use Bitcoin for trading. Because they cannot monitor, everyone can use Bitcoin to trade.

[liuqi]

While commenting on one of threads over here. A really interesting thought popped into my mind. What will happen when there will be coming a huge war?
Even a World War III? Will Bitcoin pump or dump? What role will Bitcoin play? We all know the economy and the currencies are very vulnerable in wars.
I would like to hear some interesting thoughts, even maybe some full detailed articles? Anything would be very welcomed.

War or any kind of big issues are happening in the world it is totally collapsed. Because crypto market is day by day circulation is important in this platform once it will stop sudden dump is possible in the Market. The important need of crypto platform is internet so some crashes are possible in the huge war it is completely destroyed.

[markdario112616]

I think if something like this happens, the price of Bitcoin will increase as people will lose the faith on govt. and will try to secure their money. Keeping cash with them can be very risky so they will try to secure their money by converting into a digital form where no govt can affect its value. This will inc the buying vol. in the market, hence the price will rise.

You might be right but I think there would still be a lot of users that will sell their coins for self-preservation especially to those countries who are in the middle of the war. How did I end up with that conclusion? Let's say people evacuated from the war zone and choose to go abroad or to evacuate in other countries, most likely they wouldn't have enough money on hand that they could use whenever they are already or successfully arrived in a safe zone or country. The chances of these people to cash out their coins are high given the fact that they need food, shelter, clothes, and other basic necessities. If these happen there might also be a chance that the value of Bitcoin will depreciate as a lot of people did cash out of their coins.

[gandame]

While commenting on one of threads over here. A really interesting thought popped into my mind. What will happen when there will be coming a huge war?
Even a World War III? Will Bitcoin pump or dump? What role will Bitcoin play? We all know the economy and the currencies are very vulnerable in wars.
I would like to hear some interesting thoughts, even maybe some full detailed articles? Anything would be very welcomed.

If that happen maybe bitcoin will dump because all holders are selling bitcoin to convert it in to cash. And i think bitcoin totally dead if have a huge war because internet will die.

[Mickznet]

If world war broke out, all cryptocurrency will die because one of the most target is telecommunication,  internet is number one to distruct all server will be disconnected and also bitcoin is affected.

[paul00]

I think if world war is happening, I don't think bitcoin will be useful at that moment because everyone will be focusing on war and not into earning. This will be the time when bitcoin will be floated and only few people will just use it.