How could war affect crypto?

[qazgroup]

It is simple, war will divert investment into alternative assets like gold, silver and cryptos, crypto is a new and attractive class so im expecting big money coming in to crypto now.

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[indrakusumaindra]

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.

Yes obama said it that cryptocurrency is like a swiss bank. its anonymous even though its decentralized and its not transparant cause the private key and we only know address of the person who do the transaction not the identity of the person who doing it. I do agree War could drive economy but for crypto i think there will be many illegal transaction that could be happening using cryptocurrency.

[izzy13]

Practically, the war affects people psychological aspects, e.g mood on doing trading, panic selling, etc. It also affects the crypto through the trading of weapons, uprising crypto prices, and as a long term investment since you can't really trust the safety of your assets in conventional modes.

[letua]

When there is war there is destruction. When it struck the nation structure will fall. No one is exempted. Everyone is effective. House, Atm, roads, buildings, and more. If one nation love crypto then war is present the above reasons are valid to stop the crypto for a while.

[ProofOfLambo]

I don´t think it will have any noticeable effect, the crypto market is very small and there is not a stron correlation with the rest of the economy. It is very different IMO.

[Haunebu]

I don´t think it will have any noticeable effect, the crypto market is very small and there is not a stron correlation with the rest of the economy. It is very different IMO.

Do not agree with you one bit. Do you even know what war does to people? One of the biggest characteristics of the crypto market is people panic selling/buying which can happen at any particular point of time due to some reason or another(good or bad). For example, Bitconnect value literally crashed when the scam was unveiled due to people panic selling like crazy. One of the biggest characteristics of was is causing panic among people which will obviously have an effect on the crypto market(Big one for sure). However, this effect might be positive or negative for the market on the whole.

[APICEMTECH]

Well, it can definitely lead to people withdraw money from the crypto and hence dip the price. But overall nothing is going to change in the long term. By the way the situational is better now between the west and ruskies after the recent strikes in syria.

[Meraki]

How could war affect crypto?

I think the effect of War to crypto is tbat it will be a massive dump of coins resulting of decreasing the price because during war for sure many people will need fiat to buy emergency needs like food water and etc etc, also there is no goos thing war brings us it is only way to hate/ kill each other.

[SnakeGriffin]

Hate to say this but most likely in a good way. Where can people move assets if they want to move (flee) but cannot take much stuff with them? Crypto.

[Plimo]

I don't know if it helps a lot in wars but crypto coins mostly bitcoin are money that noone will know whos.
It's anonymous. No one knows who holds bitcoin if they don't tell.
It's not like real money.
I don't know if this will help in war but./..

[ryanben]

It depends on the seriousness of it. Crypto can only exist when the Internet network is still active. If the war happens on a small scale, it will not affect the world economy

[Hamphser]

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

Agree to this one which is actually true on where theres no significant effect of war into crypto currency which can we found or see on traditional local fiats. Commonly in war supply and demand for oil is one of the example on where it do have significant effect since its essential and being used up on war which we would normally see the price is mainly affected due to these circumstances.

[kipozer]

I am sure that any war negatively affects the world, of course, on some financial accounts of some people the war has a positive effect, but I think that in general war is a destruction in the full sense of the word.

[SnakeGriffin]

It depends on the seriousness of it. Crypto can only exist when the Internet network is still active. If the war happens on a small scale, it will not affect the world economy

It somewhat does. In Russia some people live off crypto. There is a news article, if you look maybe you can find it. Expect it to rise if problems increase.

[imteaz]

War can affect the crypto market dramatically because people fear that market will go down and they will lose money. So people usually cash out, if they fear any war going to happen. Just like last night, USA missiles strike against Syria will have an impact on price, as now we can see the market is bit shaky because of it.

[euus]

simple, can be anonymous money transfers, and this is a very powerful resource for a war

[Pelunize12]

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.

ofcourse at that time FIAT also has no value hehe
bitcoin can be used for buying weapon to war, even it already used for buying weapon in blackmarket

[grknondr]

I dont think that there is a definite relation between war and crypto. This is not something proved till now. The countries that go to war dont need to buy weapons with crypto. They do it in front of public's eye. They dont hide that they buy and sell weapons.

[ivlvov]

I think that the war would have had a very bad effect on crippling goods. The unstable situation in the world always has a bad effect on any currency. I very much hope that the world understands that war is nobody needs a thing.

[Puroc]

Your asking effect in what way?  During war purchase using crypto is easier than carrying a large amount of money with you, you might be ambush in the way but when you send the payment online then it's safer that way.