How could war affect crypto?

[hsjd569]

The emergence of the war will affect the exchange rate of the currency. At this time, people will choose gold or Bitcoin as a hedging investment.
I think bitcoin would be a better safe-haven asset than gold because Bitcoin is easier to store and trade.

[kenziefried]

I think so, buying weapons for war has made easier thanks to the help of cryptocurrency. The terrorist can use Bitcoins and other cryptocurrencies as a means of payment to buy guns and fund deadly attacks.

For saving money and to investment your saved money buying bitcoin is better idea, because by this way one can make more money with his savings whiteout doing anything..Just buy and hold your bitcoin for some time and when the price grows you can sell your bitcoin. Especially during war you should not sell your bitcoin because your bitcoin wallet is the safest place for your money.

[0t3p0t]

How could war affect crypto?

It can affect both the market, civilians, military and third party that are involved in the said war. Purchase of of weapons as others have already said was made easier to transact. The market will fall or even skyrocket due to investors decission most especially the hodlers to hold or sell huge amount of crypto as the affected countrymen has to convert their fiat into crypto for a safer funds and move to other safe countries. If it is a terrorist related war I think they might use crypto to purchase high powered weaponry, amunition and supplies with crypto.

[coinsocieties]

I think so, buying weapons for war has made easier thanks to the help of cryptocurrency. The terrorist can use Bitcoins and other cryptocurrencies as a means of payment to buy guns and fund deadly attacks.

Maybe they alread funding there resources before the war is started as far as i understand when the war is declare in the first thing they disabled is enternet to avoid communication in other country and second is there money when there is a war usualy there money was no value.

[myigitcoin]

crypto currencies will be used in all areas of the world and will be recognized by everyone. the war will delay this situation and reduce the flow of money. I hope this situation never happens.

[ozgurk]

It could affect cryptocurrencies. Money goes to the safe space. Gold and emia prices will increase, cyripto or digital assets  prices will decrease.

[BTCHadzija]

the prices might as well increase.

If war hit my country our fiat money would be worth next to nothing. On the other hand if you can withdraw dollars or euros for your cryptos you're well off

[lawalganiyu]

War really do affects every nation of the world.hence, crypto  could be affected  in the advent  of war in some country. Especially  USA  and other important nation of the world because  if crypto  is been affected  by a nation, it might  be all affection all around  the world.

[Assface16678]

Every global conflict affects the economy of the whole world. Most likely, when a global war breaks  out again, cryptocurrencies will be the ones that would suffer the most damage, since technological progress is paused when war happens. This means that a lot of cryptocurrencies we use and loved now today might die out when a war breaks out globally. Or it may go otherwise, since cryptocurrencies are decentralized, they could be used for fast transactions and could be used as means to purchase weapons by both opposing sides.

[deviltasha]

How could war affect crypto?

I think that war can affect everything, including crypto. But mainly it depends where the war will take place, if it is in the crytp friendly country, in which a lot of mining farms are located of course it will have huge negative effect, in other cases the effect might be less harmful, in some cases it might also cause some positive effects also.

[Cryptogodfather]

I can't see any connection between wars and crypto

[andika2018]

How could war affect crypto?

I am believe that war happen in syria right now affecting on crytomarket. Many investor will wait and see. Every market or every investment instrument must be affected by war because there is no certain situation

[MetaMod]

Of course it will affect cryptocurrencies,most of the people will try ti hide their money into something that cant be destroyed by war,which means cryptocurrencies will be a good option if a massive war will happen,but lets hope that there will be no war because a lot of people will die,and you might be one of those people so lets hope,give love and peace to all.

[Kaplogs]

Crpytocurrencies would be the best place to hide you wealth if a war would happen,most of the rich people will try to hide their wealth to gold which might be stolen or destroyed,which is why cryptocurrencies will be a good option if a modern war will happen because the internet will be shutdown if ever a war will happen and that means no cryptocurrency transactions at all,it cant be destroyed or stolen not unless you gave your private keys.

[zhangcaisbsbn55]

How could war affect crypto?

I think some willl use the to buuy weapon. Therefore, the price will be influenced.

[hardtargetbtc002018]

How could war affect crypto?

I believe that when war exploded and the market assess risk crypto will surely fall because many investors get panic and probably sell their crypto investment to exchange into traditional money to keep it safe.

[YinShuiSiYuan]

If a war happens in a country which is a major market of cryptocurrency, I believe it will pump up the market.
People in war would try to reserve their asset, and cryptocurrency is a good option, better than gold.

True, the market can be pumped and the price will skyrocket. This is quite a possible scenario. Only what will happen in case of communication problems. If there's no internet, trading in cryptocurrencies will be impossible.

[abduljakul]

There will only two things that might give cryptocurrencies trillions of dollars marketcap, one is war and another thing is financial crisis in the U.S,because most of the people will secure their wealth if these two things would happen,its either in gold or in cryptocurrencies which cryptocurrencies will be a better choice,that will trigger most of the investors to put their money into bitcoin,causing its price to fluctuate expotentially might be upto $250k per bitcoin.

[@ophiuchuss13]

military actions are only beneficial for the development of the crypto currency, since it allows the sellers of weapons to remain unattended, to make purchases and sales bypassing power and restrictions

[Komandor8957]

Due to cryptocurrency in the losing hand, it is practically impossible to steal resources. Material values can easily go to invaders, with the crypto currency it will not work. It is a way to maintain their well-being even in difficult times.