Does war affect the price of bitcoin?

[Webetcoins]

Mr Trump has announced a precise crackdown on Syria, a war that would destabilise the world and would buy other assets for safety. Is bitcoin the best option? I find that bitcoin has indeed started to grow.

You are welcome to express your views and opinions.

There are two conditions that the war will bring for the bitcoin and will have a two type of affect on the price of bitcoin. In the war many people try to secure their wealth and they are searching for a good place for to secure that, now in war the price of bitcoin will either decrease if people thought it as a risky place during war or the the price of bitcoin will boost up higher if the people thought it as the best and secure place for the wealth.

Wars mainly affect markets. Let's think about gold, silver, petroleum and natural gas prices. When wars happen, people start shifting their capital to trusted assets such as gold and petroleum. Bitcoin is similar, if war happens, bitcoin price will increase.

War has affects on the price of Bitcoin because if users of Bitcoin die in war or any war like activity then it indicates that Bitcoin lost a user and similarly other people will dies as well which will bring reduction in the users of Bitcoin and other crypto coin’s users. Bitcoin is war irritant and will affect with it directly but the reduction is not as much to bring the coin valueless.

[micleeiu398]

In my personal opinion, war will affect bitocoin, but that will affect the positive direction, not the negative direction. Because when there is war, the value of the dollar will be low, people will convert the dollar into bitcoin, because bitcoin is a safe place to store and move easily.

Definitely war will affect bitcoin because war affects the life of people and their businesses as well. When people have no money for investment in bitcoin, naturally it will affect and will go down due to low trading and low investments. During the war people want to survive by any way and nobody will even think about investment in bitcoin and anything else.

[goaldigger]

War affects everything, especially the loves of people around it, physically, mentally, socially, economically etc. If the people is affected, the government and economical aspect are affected also. Im sure not only cryptocurrency will shutdown because of the damage but also banks and other businesses.

[Venn Harris]

If war occurs between countries in the world. You know that there is bitcoin in the country, and the country bans bitcoin. So be sure that the price of the bitcoin will be affected by any war.

[winterland]

Mr Trump has announced a precise crackdown on Syria, a war that would destabilise the world and would buy other assets for safety. Is bitcoin the best option? I find that bitcoin has indeed started to grow.

You are welcome to express your views and opinions.

A war affects the price of everything, but the effects will depend on the scope of the war, if the war only involves a country or a small region the prices of things will only be affected in that part of the world while in the rest of the world things will remain the same, but if the war becomes bigger to the point of becoming global then the prices of everything all over the world will be affected by this.

[kateycoin]

Mr Trump has announced a precise crackdown on Syria, a war that would destabilise the world and would buy other assets for safety. Is bitcoin the best option? I find that bitcoin has indeed started to grow.

You are welcome to express your views and opinions.

Of course yes bitcoin is the best option to save our investment even its risky but bitcoin is proven to make a good profit and we can bring this any where as long we have connection in internet. So wars can affect the price of bitcoin.

[Caradoc Moore]

I agree that the war affect the price of bitcoin. Make sure that bitcoin's price will be affected by any war. The fact that man is the subject of all actions in the market, where war is directly influenced by man. Bridging nature, you understand? If human dose not hold hands together, the market will be damaged.

[kiltvstors]

Well, it's hard to say, I'm not strong in politics and it all depends on the scale of the war

[chejibadan]

If this war really happens, then this may have an impact on the bitcoin market, and people in the war may choose cryptocurrency as a safe haven!