Affection of War to Bitcoin?

[finaleshot2016]

What's going to happen to cryptocurrencies or specifically bitcoin if World War 3 is going to happen? That's the first issue I think pop-ups because of a lot of headlines about the US-Iran war.
If you want to read the information where did it started, here it is:

• Crowds gather in Baghdad to mourn military leaders killed by US airstrike

The government will usually focus on manufacturing in war materials in the war culture, and most likely some countries' economic status will go down and some will go up.

I think this war's effect for the cryptocurrency is when the war ruined the internet, which is the global network, where even the cryptocurrency is reliant on most citizens. Most of the business we're running on the internet today, all of the company's important files are also uploaded to secure internet storage. The internet is the most powerful invention and most of the devices today rely on the power of the internet. Due to the internet, even the blockchain network is processing because there is no possibility that the chain network will run on its own without the internet.

• Is it possible for a blockchain to function without the internet? - No!

Basically, this proves that; No Internet No Blockchain

I'm not finished yet...
Basically, if there's a war, most people will die, do you think they're going to end up thinking about their cryptocurrency investments? No!
The importance of cryptocurrency at that time will actually fade and the market will fall. All of the people will just worry about the biggest problem which is the war.
Okay, all this was my view only when the US and Iran have a massive war so what's yours?

[The Sceptical Chymist]

Christ, I'm hoping Trump doesn't kick off WWIII with this latest action of his--for the past few years I thought his presidency was a lot less worse than I thought it was going to be when he got elected, but what he's doing now in Iran is just a devious smokescreen to distract people from his impending impeachment.  The last thing anyone needs is a all-out war.

And if we did have a war in which nukes were involved?  Forget about bitcoin, forget about the stock market, forget about planning for the future.  Build a bunker, stock up on food and guns and land and everything you're going to need to survive underground for a long time. 

If there's a "lesser war" that doesn't bring about doomsday, I'd say that bitcoin will be just fine.  The stock market might not do so well, but I bet bitcoin and maybe even the altcoin market might come through it unscathed.  It remains to be seen, but I'm really, really hoping this situation can be de-escalated.

[Sebas.tian]

Point of correction, gulf world war III. No country that has internet monopoly and nothing will happen to internet if paraventure the two countries go into war with each others alongside their allies. Bitcoin will stand a better position to blossom if eventually the Middle East go into war with their allies.

Remember this: infront of any war, every restrictions are over ruin and doesn't stand, so, Iranians will likely switch into bitcoin to survive with their economy, most especially the government which will face more sanctions at the end. Bitcoin will not go down if there is war of any kind between any country and USA. Probably the creator of Bitcoin knowns what will happen after 10th year of it creation. If the war escalate eventually, only early adoptors will benefit.

[acdc]

I just read the news: Bitcoin was sold for $ 24,000 per BTC in Iran when the US tension increased.
Many people believe that if the Third World War broke out, the price of bitcoin would rise sharply. Because bitcoin is the best alternative currency today, bitcoin is decentralized and no government can stop it. Besides, the easy accumulation and transportation makes the value of bitcoin soar.

[finaleshot2016]

Point of correction, gulf world war III. No country that has internet monopoly and nothing will happen to internet if paraventure the two countries go into war with each others alongside their allies. Bitcoin will stand a better position to blossom if eventually the Middle East go into war with their allies.

We're not sure if it's going to be another battle in the gulf, so you don't have to correct it.
Many nations now have nuclear power, and it can actually destroy the entire land means that in this war there is a risk that the global network could be disrupted. We're talking about this war's possibilities and its effect on cryptocurrencies.

I just read the news: Bitcoin was sold for $ 24,000 per BTC in Iran when the US tension increased.

It happens just because it's pre-war situations not during world war 3. What about during WWIII? Do you think they'll still care for the market, I guess not.

[diazepam666]

Expecting World war may lead you also to die if that war is gonna fallin your country or somewhere near to you. I have seen many people lost their money on cryptocurrency field but it doesn't become threat for anyone.
But if that likely go with war side it will become is for crypto users.

[Tipstar]

Though we call it a world war, it would not be raged around the world. The globe won't just shut down. It's a bunch of countries killing each others which would be targeted to cities and military areas. There would still be a large population and territory left out of war. And they are the reason why crypto would flourish.
People would be sending their money from war zones to countries that are at peace to buy some coins. War has always been a business for a group of people. This time the group would be larger.

[bittraffic]

Point of correction, gulf world war III. No country that has internet monopoly and nothing will happen to internet if paraventure the two countries go into war with each others alongside their allies. Bitcoin will stand a better position to blossom if eventually the Middle East go into war with their allies.

Remember this: infront of any war, every restrictions are over ruin and doesn't stand, so, Iranians will likely switch into bitcoin to survive with their economy, most especially the government which will face more sanctions at the end. Bitcoin will not go down if there is war of any kind between any country and USA. Probably the creator of Bitcoin knowns what will happen after 10th year of it creation. If the war escalate eventually, only early adoptors will benefit.

It would be insane to hope for war just for bitcoin to rise. Lives will be lost but I'm hoping US will not really go into it because we all know what will happen. This will not kill internet of course and BTC will rise when allies take action, the battle ground will just be the middle east countries but lives go waste for sure.  I have no idea what Soleimani did in the past but my guess is that didn't invade any country before.

[LUCKMCFLY]

I hope that these environments do not develop with a view to war, although Iran is a country that must be careful, I believe that at this moment diplomacy must triumph over wars, it is not convenient, in a possible scenario of war there could hardly be any kind of action in the crypto, electricity and internet services would fail, the markets would probably fall, the prospects are not very favorable.

We will have to wait for the next few days and see if the waters calm down, it is a historic moment especially for Bitcoin, the reduction is halved, mass adoption, a war scenario really cannot be contemplated.

[AniviaBtc]

Point of correction, gulf world war III. No country that has internet monopoly and nothing will happen to internet if paraventure the two countries go into war with each others alongside their allies. Bitcoin will stand a better position to blossom if eventually the Middle East go into war with their allies.

Remember this: infront of any war, every restrictions are over ruin and doesn't stand, so, Iranians will likely switch into bitcoin to survive with their economy, most especially the government which will face more sanctions at the end. Bitcoin will not go down if there is war of any kind between any country and USA. Probably the creator of Bitcoin knowns what will happen after 10th year of it creation. If the war escalate eventually, only early adoptors will benefit.

It would be insane to hope for war just for bitcoin to rise. Lives will be lost but I'm hoping US will not really go into it because we all know what will happen. This will not kill internet of course and BTC will rise when allies take action, the battle ground will just be the middle east countries but lives go waste for sure.  I have no idea what Soleimani did in the past but my guess is that didn't invade any country before.

If world war 3 badly continues, the world will be fucked up. Those gunshots and killings will become a disaster that everyone will be experiencing. Bitcoin will become useless if money will become worthless because of those resources that are destroyed due to the exchanging of grenades and bombs. Imagine a world without life and is pure chaos and corpse. Isn't it beautiful to have a peaceful life while waiting for bitcoin's price to rise again? Unfortunately, Bitcoin will be valueless if every countries are fighting for dominion and vengeance.

[bitmover]

I don't think things will escalate to a world war now.
But, anyway, the tensions might be good for btc.

A neutral currency in a polarized world. Well, it certainly has a lot of potential and uses.
Big players might do business with btc instead of usd for example

[cheezcarls]

Christ, I'm hoping Trump doesn't kick off WWIII with this latest action of his--for the past few years I thought his presidency was a lot less worse than I thought it was going to be when he got elected, but what he's doing now in Iran is just a devious smokescreen to distract people from his impending impeachment.  The last thing anyone needs is a all-out war.

And if we did have a war in which nukes were involved?  Forget about bitcoin, forget about the stock market, forget about planning for the future.  Build a bunker, stock up on food and guns and land and everything you're going to need to survive underground for a long time. 

If there's a "lesser war" that doesn't bring about doomsday, I'd say that bitcoin will be just fine.  The stock market might not do so well, but I bet bitcoin and maybe even the altcoin market might come through it unscathed.  It remains to be seen, but I'm really, really hoping this situation can be de-escalated.

On Facebook, I saw a post from a friend that for the first time in history, a "red flag of doom" was placed in Jamkarān Mosque in Iran.

https://www.disclose.tv/red-flag-of-doom-unfurled-over-mosque-in-iran-for-the-first-time-in-history-386502

It says that this is a symbol of war, and severe battle is coming.

On the other hand, when my dad watched the CNN news, Trump claimed that if he didn't take action quickly of deploying the airstrike, the Iranian general and his troops would have caused "massive attacks" in US. This is just what I heard when watching the news with my dad recently.

We have to be prepared if this is indeed gonna escalate into something worse, especially the Bitcoin and cryptocurrencies that we are holding. Anything can happen, we can't be complacent due to these tensions.

[Jet Cash]

Bitcoin isn't dependent on the Internet, it is dependent on the inter communication between nodes. There are already alternatives being tested. Software controlled radio, and LoRa are two of them. At the current levels of development, they aren't really viable, but technology tends to advance, and I'm sure they will become a part of Bitcoin's future. Bitcoin is pretty robust, and a mix of Internet and LoRa will be viable, and probably won't require much of a coding addition.

[Artemis3]

What's going to happen to cryptocurrencies or specifically bitcoin if World War 3 is going to happen? That's the first issue I think pop-ups because of a lot of headlines about the US-Iran war.

The government will usually focus on manufacturing in war materials in the war culture, and most likely some countries' economic status will go down and some will go up.

I think this war's effect for the cryptocurrency is when the war ruined the internet, which is the global network, where even the cryptocurrency is reliant on most citizens. Most of the business we're running on the internet today, all of the company's important files are also uploaded to secure internet storage. The internet is the most powerful invention and most of the devices today rely on the power of the internet. Due to the internet, even the blockchain network is processing because there is no possibility that the chain network will run on its own without the internet.

I'm not finished yet...
Basically, if there's a war, most people will die, do you think they're going to end up thinking about their cryptocurrency investments? No!
The importance of cryptocurrency at that time will actually fade and the market will fall. All of the people will just worry about the biggest problem which is the war.
Okay, all this was my view only when the US and Iran have a massive war so what's yours?

You seem to ignore the fact, that Internet was specifically built to withstand a nuclear war. There is no single point of failure, there is no specific target you can hit to "stop" internet. Sure you could cripple it down, but it would be restored.

Bitcoin will keep working as long as there is a node running somewhere. I agree Bitcoin needs the internet, for the most part (it IS theoretically possible to make it work in another network), but i don't agree a war, and much less a war between two countries, can "destroy" internet. Iran cannot harm America, at least not to the point of total annihilation, but America can subjugate Iran at great cost.

Suppose you magically disappear the USA an IRAN, does Internet stop? NO. It would slow down, but it would be restored. Same with Bitcoin. Of course it will suck to the people of those countries, especially the ones getting bombed, but after its over things will go back to normal. You can take a look at Iraq, which was the place were this latest event occurred.

If these two countries go to war, most of the world would be unaffected. Heck my country has more relations with Iran than the USA, yet we have zero capacity to intervene militarily in anyway (and Trump would love the excuse to bomb us as well, as he promised but never did).

[hatshepsut93]

Do my eyes see right? Did this stupid WWIII meme found its way into this forum? I thought at least this place is safe from it, but it looks like I was wrong.

There will be no WWIII over some killed Iranian general, and there's nothing that could lead to WWIII in the foreseeable future. If you look at the history, both WWI and WWII didn't come out of nowhere, all countries were preparing for it for many years before the wars started, but we don't see anything like this right now.

As for theoretical possibility, there are countless threads about Bitcoin and war/post-apocalypse scenario, I'm sure you'll find a lot of interesting opinions there.

[Yaunfitda]

Do my eyes see right? Did this stupid WWIII meme found its way into this forum? I thought at least this place is safe from it, but it looks like I was wrong.

There will be no WWIII over some killed Iranian general, and there's nothing that could lead to WWIII in the foreseeable future. If you look at the history, both WWI and WWII didn't come out of nowhere, all countries were preparing for it for many years before the wars started, but we don't see anything like this right now.

As for theoretical possibility, there are countless threads about Bitcoin and war/post-apocalypse scenario, I'm sure you'll find a lot of interesting opinions there.

It's because the media is hyping the current incident. But I was surprised as well to see this kind of thread around this community as well.

Anyways, if there is a war, it could be more of a cyber-war. But not theoretical that everyone is going to used nuclear weapons to annihilate each other, lol.


U.S. Government Issues Warning About Possible Iranian Cyberattacks.

[bitcoinsocial09]

Surely we don't really know what going to be the effects of this in the market of bitcoin or cryptocurrency.

But we are expecting the market to go down since like in previous wars people don't care about other things like this bitcoin and crypto.

Bitcoin will not matter anymore if we are all dead anyway and it is going to be all about survival.

[MURONDI]

in times of war the internet network may be difficult, but in my opinion it will not stop the internet, in a state of war communication is important, so I'm sure they will try to maintain an internet network for communication, except war using nuclear, might be able to cripple the internet network.

[xvids]

If world war III begins then I think Bitcoin would be worthless or crash down since people would panic and get what they could.
They would start to cash out and buy what is important I also think that money would be useless when war begins .

[CryptoBry]

There will never be a World War 3 this time just because there can be possible skirmishes between the USA and Iran. Right now, both countries could not afford and risk the possible fall-outs of a full-blown war so we better take our blanket up and just relax. Days from now, things will start to cool off and we can be back to the most popular subtle war between USA and its many enemies (perceived and real). The only thing good to come out of this is that Bitcoin is positively affected with rumors of war.

And no, please stop thinking that just because there can be war that internet can be good and therefore cryptocurrencies can be worthless. Unless, of course, you are already talking about global nuclear war happening between countries who have the nuclear capabilities then maybe that can be the time to say goodbye even to life.