How could war affect crypto?

[Adio]

How could war affect crypto?

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[iAMawi123]

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.

[iLatios]

In Ukraine there is a war. I can say that crypto makes it really easy to hide money. Nobody knows who is the owner of the wallet which consists millions of dollars in cryptocurrency.

[Dluretic]

Bitcoin, like gold, is a safe-haven asset.
Then when the war comes, people will buy Bitcoins in large quantities.

[postokenlover]

In the United States, the United States and France in the United States today made a military attack on Syria and bombarded some places in Damascus. We all know that war is closely related to gold. People need a safe haven, and the current encryption does not have the function of avoiding danger. I think the more function of bitcoin is financial.

[redwhite037]

How could war affect crypto?

according to my understanding. when war occurs. gold, bitcoin .. is a safe deposit. Can buy weapons easily. and no one knows. So the price of gold and bitcoin will rise sharply if the war breaks out

[macchiato]

Black markets for nuclear weapons can make transactions easily without being traced. The cryptocurrency makes it possible because of its unique characteristic which is anonymity. This is one disadvantage of cryptos. Just because it supports anonymity and it is decentralized, people take advantage of it and use it for personal and organizational goals that are unlawful.

[Milansilver7]

if war happens, it will have adverse effect on all aspects of life, war will make the currency very affected because war will destroy all means to access krypto currency.

[blogardianz]

Bitcoin, like gold, is a safe-haven asset.
Then when the war comes, people will buy Bitcoins in large quantities.

Yes, I agree with this thought. Like world war 2, many people were invested in gold at that time.
For now, I think Bitcoin is the safest asset to throw the money and make it safe.  

[Supec77]

I do not think that cryptocurrency can have a significant impact on the war.. perhaps, depends on what kind of a war : between what parties and for what reason. although it is impossible to exclude that the cryptocurrency is also an opportunity to store money and conduct monetary transactions more secretly than with real money.

[hosseinimr93]

I don't know. because I live not in a war country. I doubt the crypto will continue to work during the war. however there will be many facilities that will be destroyed what else internet connection will die because of damage here and there.

Why should cryptocurrencies don't work?
I think bitcoin is the best choice during a war. When there is a war in your country and your wealth is in danger, bitcoin is the best choice as a global currency.
Assume that your are forced to leave your country, you can use your bitcoins in every country. So your wealth is safe.

[sehoon]

How could war affect crypto?

I think it could affect cryptocurrencies if the war affects the team management and development. If a coin is based on a country and that country has war issues, I think it could affect that coin's value.

[postokenlover]

My view is that a small local war may stimulate the rising of gold and digital money in a short period of time, because people in the war zone have a very urgent risk of danger, and in the tense situation in South Korea and North Korea last year, South Korea had a large amount of money to buy bitcoins.

[BlackPanda]

I do not think that cryptocurrency can have a significant impact on the war.. perhaps, depends on what kind of a war : between what parties and for what reason. although it is impossible to exclude that the cryptocurrency is also an opportunity to store money and conduct monetary transactions more secretly than with real money.

Actually the power of crypto is enormous and it proves that crypto can cause something very unusual, for example war. If applied rationally it is most likely that crypto is used to aid war equipment. it could be the cost of a war, the impact of crypto is very broad because crypto has a very wide market share and in the world that nowadays crypto has been calculated as something very important.

[rippar]

How could war affect crypto?

In no way. War can only affect the stock  market, but not the crypto. There is a very little correlation between crypto and stock markets.

[Endikadija]

How could war affect crypto?

The war could have affected the stability of the internet all of the countries and it means there will be a lot of problems when we are trying to accessing our digital assets. Without internet and that will be useless.
It could give a lot of impact to the crypto based on my opinion regarding the fact internet is a must for crypto.

[thesuriel]

But those who will accept Bitcoin will still have to convert their Bitcoins to cash because most war torn countries are still heavy in cash in their day to day living.

[meldrio1]

If two countries are at the war maybe slight affect of crypto just slight go down in the market, but if world war happens maybe it will huge down the crypto and possible one of the top 100 coins in coinmarketcap will have no value.

[Freezingel]

I think war will boost the price of gold and digital assets like bitcoin because they are store of value so people will be likely to convert their cash into gold, bitcoin and food to make their assets secure. It is useful to secure your wealth through the war and bitcoin is one of the safest way to do that.

[krisnajsadrak]

in my opinion the war is not a significant effect in crypto my friend
because, there is no connections between crypto and this war