Affection of War to Bitcoin?

[blckhawk]

If nukes are going to be bombed on most data centers and ISPs gateways, and the attack is serious enough to cripple everything business related, then you're probably right.

But if this war never escalated up to that point, there's no shutting down that would happen. Market would just crash. You also have to understand that internet is decentralized, as well as Bitcoin's network. It's a mesh network, and a shutdown on a specific place would not affect the others, it would continue to run, with or without those affected servers, if that location/server ever finds an alternative route of data to be accessed. Bitcoin would only shut down if each and every node is destroyed.

Also, I do believe wars happen in phases, and not just a single blow. The early stage, people, especially the powerful and rich ones, would find alternative place to store their wealth. And as long as there is a copy of bitcoin's ledger somewhere, his/her bitcoins would stay alive. That might be valuable after the war, and the digital age comes in. And that's one reason people might look into cryptocurrencies when the war has been declared.

The mid-stage, where countries bomb each other off, is where most companies are just closed, and no one really cares anymore than surviving.

Then the later stage comes in, where those who survives would have their funds store somewhere, assets that they still have, and since cryptocurrency isn't a physical, destroyable thing, it would still be existing.

[meanwords]

One of the worst thing that could happen to us is for one of the country to declare world war III. Man cryptocurrency would be in a position where it will be less used when food and other necessities become the currency of the world. In my opinion, all the power of the market would be powerless when military power and the government has all the control. Though I think Bitcoin would survive.

[Xxmodded]

Why do you think world war III really happen at the next time? will possible after Unite State killed of great commander of Iran, I think is not good reason for world war III. Although have issues about world war III bitcoin nothing got effect with lower and higher price, keep stable with the same price almost last two years above $7000, bitcoin need danger world war to make price up.

[stompix]

Since just yesterday I saw a stupid topic about bitcoin going up because of the tensions in Irak...
With a ww3 we will go to the moon!!!!

There won't be a ww3 and for certain not for the sake of Iran!
Iran has no real friends, if they try to mess with the straight of Hormuz they will literally piss of half of the globe (China, India, SK and Japan are buying more oil from three than the US, each of them) China is also involved in exploring 2 oil fields in Irak, so how is going to side with Iran?
And it doesn't stop there, apart from the Arab world Nigeria and Kazakhstan would love to see all the oil production of Iran getting nuked for their own sake.

No, there won't be a ww3, there will be just a war in which Iran is left alone and their so-called friends watch from the sides.

As for bitcoin, can we change the name to disaster coin?
Because we have
- crisis in Cyrpus  > good for bitcoin
- crisis in Venezuela > this is good for bitcoin
- crisis in Zimbabwe , also good
- protest in Hogg Kong, this is excellent for bitcoin
- the banks will go down, marvelous for bitcoin
- a recession is coming, great for bitcoin again!!!
Seriously, has there been a positive event lately that was good for the world and also good for bitcoin?

But if this war never escalated up to that point, there's no shutting down that would happen. Market would just crash. You also have to understand that internet is decentralized, as well as Bitcoin's network. It's a mesh network, and a shutdown on a specific place would not affect the others, it would continue to run, with or without those affected servers, if that location/server ever finds an alternative route of data to be accessed.

https://www.submarinecablemap.com/

If the cables in the Red Sea or on the shores of Oman are cut everything between Europe and Asia will have to go through the US, and if on top of that something happens to one of the major cables on either the Atlantic or Pacific the current capacity will not be able to take the traffic.
Probably video platforms will shut down voluntarily in that case to lessen the burden but still, there are some vital points, if they all go down, we're either down to dial-up speeds or error pages.

[Gyfts]

A bit misleading to call it World War III despite how popular its been on social media sites. If the U.S. chooses to go to war with Iran, there's not a damn chance any other country will choose to dabble in U.S. foreign policy. China nor Russia will back the Iranians despite their loose military alliance so it's a two country conflict.

Two main effects of the U.S. Iranian conflict on Bitcoin:

• US economy takes a hit and Bitcoin value rises with falling USD value.
• Iranian tensions do not amount to much with sustained U.S. economy resulting in no effect on BTC

I was watching the markets pretty closely and it's always fun to see spikes that occur just because Trump tweets. US currency hasn't taken a big hit yet despite the threats Trump posed on Iran if they chose to escalate tensions. China had lowered the conversion rate of USD to other fiat currencies so if this trend continues with other countries reducing the weight of USD, I think Bitcoin is undoubtedly going up. Although, if you're planning on trying to capitalize on war, investing in defense contractors that the U.S. Department of Defense has deals with is a good move.

Alternatively, if a full scale war does not come to fruition, the U.S. economy remains steady with stock markets performing well and the proposed tensions has zero effect. This is the likeliest outcome because Iran does not stand tall against the US military and will get obliterated. Iran going against the strongest military in the world -- I'm sure Iranian leaders can logically work out the result.

[adaseb]

We will know tomorrow how the markets open especially the crude oil and gold markets to see which direction the stock markets and possibly bitcoin might be headed. However you need to understand that most likely there is not going to be a WW3. And you shouldn't hope for one just to increase your profits of holding BTC.

One hint is how the stock market indicies like the Dow30 and SP500 closed on Friday after the killing, they closed mostly flat. Before the open the futures headed down and when the stock markets opened it spiked up and closed neutral for the day.

So unless something major happens in the next few hours, I am expecting the markets to remain flat for the next week or 2 until this blows over.

[philipma1957]

 My fear would be  Iran goes for a simple revenge  and gets a guy to fly a plane into this building.
Pretty sure it is trump's tallest apartment building in manhattan.

https://www.ndtv.com/world-news/new-generation-of-skinny-skyscrapers-alters-new-york-skyline-1202334

[iamsheikhadil]

If there's a third world war then pretty sure it will involve all nukes and then boom, there will be no natural resources and everything including satellites orbiting the planet will be doomed and hence no network or internet, no electricity and no gadgets so no crypto, not sad because neither will be there cash or anything.

[BitDane]

If world war III happen, I bet we won't worry much about cryptocurrency or other material things, the first thin we will be worried is how to save ourselves and families.  There will be chaos every where and probably internet connection will be lost so worrying about Bitcoin and other cryptocurrency is just useless because we cannot transact without internet.  We should worry about how we can food onthat troubled time.

[LorenoCoin]

I think a war in addition to people taking their money out of the stock market because they fear instability, the protagonist in this scenario is black markets, such as deepweb, since most will seek weapons to protest or to protect themselves from Protestants, clearly these markets are handled with bitcoin, it is also interesting how your environment reacts, it could expand to other countries, it will be a good year for bitcoin.

[ohyeahhaha122]

Oh my god, I don't want that to happen, but if there is a war in only one or two countries, the internet will still be maintained bitcoin will increase because people of the war countries will buy bitcoin, yes, as you say. World War 3 happens that bitcoin will go to zero if there is no breakthrough technology to make the blockchain independent of the internet.

[Aying]

Iran is getting ready for war and I think USA is holding back because they know this is getting worst if they defy the desire of Iran, but as of now we don't know that WWIII will gonna happen, but if they start attacking to each other then we know that bitcoin will be useless and every each of us is busy to find a place to hide or bitcoin will be more useful to buy more things secretly if other countries start to help their allies.

[Aurora Castro]

If nukes are going to be bombed on most data centers and ISPs gateways, and the attack is serious enough to cripple everything business related, then you're probably right.

But if this war never escalated up to that point, there's no shutting down that would happen. Market would just crash. You also have to understand that internet is decentralized, as well as Bitcoin's network. It's a mesh network, and a shutdown on a specific place would not affect the others, it would continue to run, with or without those affected servers, if that location/server ever finds an alternative route of data to be accessed. Bitcoin would only shut down if each and every node is destroyed.

Also, I do believe wars happen in phases, and not just a single blow. The early stage, people, especially the powerful and rich ones, would find alternative place to store their wealth. And as long as there is a copy of bitcoin's ledger somewhere, his/her bitcoins would stay alive. That might be valuable after the war, and the digital age comes in. And that's one reason people might look into cryptocurrencies when the war has been declared.

The mid-stage, where countries bomb each other off, is where most companies are just closed, and no one really cares anymore than surviving.

Then the later stage comes in, where those who survives would have their funds store somewhere, assets that they still have, and since cryptocurrency isn't a physical, destroyable thing, it would still be existing.

It is the main fear of Internet users. If a third world war occurs, it will not bring anything good. Based on the history of past wars, as well as their consequences, the short answer is genocide, economic crisis, ghost towns, militarized schools and destroyed cities; We all hope this does not happen. Or many people, and even this market, will be greatly affected. Let us declare that this 2020 will bring prosperity and good things for everyone.

[pooya87]

it depends on the war. if it is a nuclear war where the countries that already have nuclear weapons of mass destruction such as US, Israel, Russia started nuking each other then forget about bitcoin, humanity would be at the brink of extinction at that point.

but if it is a normal war then we can also expect a recession. during the first week of war about 100k US troops and billions of dollars worth of military equipment including bases, aircraft, aircraft carriers,... would be wiped out in about 35 bases in middle east under barrage of highly advanced precision artillery, long-rang missiles, Cruise missile,... the cost of war in first week would surpass hundreds of billions and as US keeps spending money and lives the dollar value keeps plummeting the value of bitcoin would soar and that rise will make people want to buy more of it in which case its price would go a lot higher.

[theskillzdatklls]

I could easily be talked out of this, but I think that WWIII would actually be bad for Bitcoin. I think that the war economy is largely fiat based. That is good for governments, bad for BTC. Secondly, I think that war gets populations in general to act more conservatively, which would mean basics like hard assets/fiat, not emerging and risky propositions like BTC.

Granted there are of course some positives for BTC that could emerge from such economies, I think that it is overall worse than it is better.

[Blitzboy]

Come on guys, please don't think superficially! All we know the dangers and horrors of a world war, none of us want that to happen again. Of course, the leaders of each nation don't want wars to happen. Think more carefully, the conflict between the United States and Iran has been happening for more than 10 years, and there has never been any sign of cooling off. The truth is the situation has become more tense, but it is a conflict merely between the United States and Iran, it is not a conflict between many countries, there is no reason for a world war. Use your brain to think before uttering dumb words, please!

[Casdinyard]

Even Iran will have this so called harsh revenge, it couldn't easily start WW III nor a panic of switching investments into crypto. I hate to think some people see this incident as an opportunity to make profit while for all we know many lives are at stake. I'm not against on making profit but we should be somehow sensitive on what's happening.

Just my two cents tho.

[alyssa85]

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?

During World War 2, gold was in huge demand as it was portable money that was accepted everywhere (whereas fiat from one country might not be accepted in another).

Many jewish people got out of Germany carrying some gold on their person - they were forced to sell their property for a fraction of it's worth, so basically in a crisis like that, gold was the only asset worth having because you could hide it and carry it with you.

I'd say bitcoin functions in the same way (in that you can exchange it anywhere in the world).

Regarding "the internet going down" - it was designed to work even if some cables get cut off and even if electricity is down in some areas. You would need to take down electricity all over the world and cut the cables all over the world, for the internet to go down. Which is extremely unlikely.

[Wintersoldier]

First, we need to understand the opinion of people. Trump is at risk of being impeached and starting an all out war is quite not a good idea. If he will be impeached in the middle of the war then he will just make the status of Amerika miserable. Literally, it is a way for him to stay in his position and to avoid being impeached that's why he's creating something big to make his issues being covered. This is just my opinion about the matter and I don't think it is healthy for us to support the war.

[Assface16678]

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 .

Today one of the significant problems in the world of digital currency is what will happen when the world war III comes again and what will happen to the bitcoin. To the country that approves about the war will affect the bitcoin because they are now focusing on the war because and the community and the market on their land will down for a while because of the conflict happening in the different country, but still we are hoping the war does not continue. The bull continuously runs in the bitcoin market price.