How wars can affect Bitcoin?

[Token_King]

Wars based on economy
Btcoin is the economy
In the future btcoin will be our economy and it will be a wepon that people use to fight
There is what we call war economy it happen between those who have a strong economy
So If btcoin will raise the economy will raise and a big bad war will happen .

[Coinlover9]

Wars destroys market and Bitcoin needs the market for it to flourish

[Mr.Dick]

Take a look on the chart for gold prices around times of war.
https://goldsurvivalguide.co.nz/wp-content/uploads/2017/08/War-vs-Gold-Price.png

I think BTC willl follow a similar pattern as at the moment it only serves as store of value.

Good read at:
https://marketrealist.com/2015/11/threat-war-impacts-gold-prices

Yeah maybe, but if the war affects the miners, the system will continue to slow down and there sure will be the threat of a massive dumb in price..

[Obbeliskinsk]

Yeah maybe, but if the war affects the miners, the system will continue to slow down and there sure will be the threat of a massive dumb in price..

As long as there is demand there will be miners. I can see war affecting miners, but I can also see them going underground.

[Cryptocb]

War is not a good experience some one need to have, because population reduced, and it affects many things including online transaction base on the country that affected. While here on bitcoin does not want such experience because it will affect the market.

[al maruf]

War is destruction, I do not expect that. If the Third World War is organized. Then Bitcoin can move on both, (one) for help in the war-fed country, Bitcoin can be used, for supply of food and medicines. (Two) People can buy bitcoin for their money savings. All the countries will be able to buy them through their Bitcoin, Ammunition,Bought, and this will increase the price of Bitcoin.

[HelenS]

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.

Absolutely agree with you. But there would be a problem for countries which haven't accepted BTC yet...

[Shenzou]

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 World war three breaks off who would think about bitcoin at that point, people would be ruining for their lives and trying to find shelter and safe place to hide, i would say that if world war three breaks off in a specific place like middle east for example it won't affect the bitcoin price as much as it would if it breaks in USA or Europe, because it only affects the people using bitcoin in that area, the percentage of people using bitcoin in middle east is very low and it won't affect the price of the bitcoin, and the percentage of people using bitcoin for example in Asia are high so it would would affect the price, you see where i am going with this.

[makeng]

Bitcoin is often used as a crisis currency. South Korea and China share land borders with North Korea, and both of those countries are currently large buyers of Bitcoin. Should a war break out, I imagine you would see considerable amounts of South Korean and Chinese wealth move into Bitcoin.

[Peashooter]

When the war took place, I thought that the Internet would be closed. In this case, I think that Bitcoin would become worthless at that time, because the Internet is one of the basics of Bitcoin. If not, people can't trade, then Bitcoin. The role will be gone.

Yes you are correct internet is the bridge to make transactions in bitcoin. If they have wars internet had affected on it in the bitcoin become worthless on that time, how we can make transactions an investing or trading we can't earn, it can turn big crisis in bitcoin world.

[THATBTC]

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.

Maybe, but that's depend of the country on front

[Catch-22]

If World War III breaks out, it definitely would be a nuclear war. I don’t think people would have time to check on the status of the cryptocurrency market. Or even if one do have the time, the internet will probably be not available due to EMPs and the destruction of telecom infrastructures including communication satellites. The value of bitcoins would probably be off the charts.

[Svafnir74]

I think that if there is a big war bitcoin will be no need for anyone. Its price will drop to zero. During the war, we need material values. Like gold. The price of gold should increase during the war.

[tranthetai]

Bitcoin is often used as a crisis currency. South Korea and China share land borders with North Korea, and both of those countries are currently large buyers of Bitcoin. Should a war break out, I imagine you would see considerable amounts of South Korean and Chinese wealth move into Bitcoin.

[masudginanjar]

I am sure I can raise the price of Bitcoin when there is World War III, but with electricity, computer and internet must always exist.

it may be different again its reality and could be destroyed Bitcoin with a war that can destroy Bitcoin by destroying, internet, electricity and computers around the world.

[aderupoko]

war can affect all coins not only bitcoins self,,because during war,,nobody will have time to trade or to invest in it,,,and thats.how it will be affected

[waitforme]

If World War III could happen, the world economy would undoubtedly be in crisis. The whole Cryptosystem will certainly not be noticed, FIAT is still the most valuable option and gold is also the preferred exchange unit.

[icecube45]

First I hope there is no third world war or any other war of course naive hope, then whether bitcoin will pump or dump answer is dump. Because war will affect the market too, then what role is taken bitcoin at the beginning of war in my opinion it will be very influential. And at the end of bitcoin war will drop very rapidly along with the economy. Bitcoin will not be used if war occurs and this will cause unstable demand/supply, indirectly the price will dump.

[Al-e_x]

I read a lot about the history of world wars from various literature, that the third world war is the last battle of the world's largest, and resulted in all the internet network dead.

no electricity, no vehicles, we will experience primitive battles such as using swords, arrows, and others.

and that is the end of human life.
the effect on bitcoin is death.

[stripewhite]

I think war would create uncertainty and instability in the fiat and centralized currency markets. This in term might lead people to alternative stores of value like gold and hopefully cryptos.