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Author Topic: World Economy and war situation and crypto  (Read 925 times)
the rise
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January 07, 2020, 08:10:42 AM
 #41

I think it will be a domino effect if the war happen, the economy will crashed again and that is why we should hope that the war will never happen.  If the war happen it will affect the world economy and the cryptocurrency market will also be affected. Investors for sure will pull out there money because they are also afraid to the crisis that may happen.
only affects countries involved in war, I have a little question, if your country is fine because it enters the neutral zone, and sees that bitcoin and usd go up very high for this reason, will you edit your comment and start smiling broadly? Smiley from the continuation of the news that I monitored, USD will probably increase, unless a tragedy similar to WTC finally repeats itself.
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January 07, 2020, 11:03:46 AM
 #42

Crypto isn't that big in nature that in case of war it will matter a lot. But the other point of view is that the war will or any issue with the economy will make it bigger as people will shift to if to safeguard their money as it isn't really dependent upon the global economy but is driven by supply and demand and the trust of people. So when people lose interest in government then they will shift to decentralized thing.

 
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January 07, 2020, 11:19:15 AM
 #43

Bitcoin price is going up since tension between Iran and USA started. Gold price right now is at its highest. Bitcoin is going up only because there is speculation nothing else. I have seen many times bitcoin going up due to such news and then coming back. So just relax and dont get excited that bitcoin is going to 50k$.
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January 07, 2020, 02:01:47 PM
 #44

Whats Ur take on that?

War situation USA Trump Economy and crypto Currrency?


Do u Think that current situation have any impact on crypto?
War always comes with death and loss. The war will make the country's economy poor. I think this will also affect cryptocurrencies. Can cause the value of bitcoin to drop. The majority of the countries that thrive on bitcoin are economically sound. Do you agree?

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January 07, 2020, 02:05:15 PM
 #45

Whats Ur take on that?

War situation USA Trump Economy and crypto Currrency?


Do u Think that current situation have any impact on crypto?
War is not a good thing and I’m not hoping for such thing to take place, not even the so called World WarIII, these things are not good.

Though I don’t see any relation between cryptocurrency and our economy, if there is war it won’t really affect Bitcoin, except that there will be a decrease in Bitcoin because people that are in those warring countries will begin to sell their assets to sustain themselves, except people that has enough money to the extent they don’t need to sell their assets to assist their living. So I’m guessing it will affect Bitcoin in price, but a drop in price doesn’t mean that it is over in Bitcoin.
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January 07, 2020, 03:08:56 PM
 #46

Whats Ur take on that?

War situation USA Trump Economy and crypto Currrency?


Do u Think that current situation have any impact on crypto?
War is not a good thing and I’m not hoping for such thing to take place, not even the so called World WarIII, these things are not good.

Though I don’t see any relation between cryptocurrency and our economy, if there is war it won’t really affect Bitcoin, except that there will be a decrease in Bitcoin because people that are in those warring countries will begin to sell their assets to sustain themselves, except people that has enough money to the extent they don’t need to sell their assets to assist their living. So I’m guessing it will affect Bitcoin in price, but a drop in price doesn’t mean that it is over in Bitcoin.
Honestly, there are already news about it that the war between Iran and U.S. could have an impact to bitcoin that it's price might increase that a lot of people will start to store their money in bitcoin. But you are right war is really not a good thing, even it will make an improvement to bitcoin's price because a lot of people and children will die.

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January 07, 2020, 03:31:26 PM
 #47

I think it will be a domino effect if the war happen, the economy will crashed again and that is why we should hope that the war will never happen.  If the war happen it will affect the world economy and the cryptocurrency market will also be affected. Investors for sure will pull out there money because they are also afraid to the crisis that may happen.
Indeed, war never do anything good, only an aftermath of destruction and desolation. We shouldn't hope war to happen since not only will fiat economy drop, war obstructs progress and technology. That being said if in the event that war commences, technology is halted of its advancement and as we all know bitcoin and other cryptocurrencies heavily depend on technology particularly the internet. So it might lose its value.

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January 07, 2020, 03:40:38 PM
 #48

You can bet your bottom dollar that if war breaks out crypto will be used to facilitate stealth payments for contraband/weapons. However it may also be used for anything that becomes scarce in a wartime scenario (mostly imported goods etc). It's the nature of the Bitcoin beast that it can't be censored, so war may actually increase adoption....it in the most unfortunate way possible.....
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January 07, 2020, 03:52:52 PM
 #49

You can bet your bottom dollar that if war breaks out crypto will be used to facilitate stealth payments for contraband/weapons. However it may also be used for anything that becomes scarce in a wartime scenario (mostly imported goods etc). It's the nature of the Bitcoin beast that it can't be censored, so war may actually increase adoption....it in the most unfortunate way possible.....

Its the only digital currencies that can easily be sent during war. BTC being the major coin will be worth accepting as well by the ones who are selling the weapons since its value keeps rising. It makes sense why the price of BTC in Iran suddenly moon. We don't expect war though since the two countries aren't that close range so its good that they have time to rethink and see war is not good.


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January 07, 2020, 04:10:53 PM
 #50

You can bet your bottom dollar that if war breaks out crypto will be used to facilitate stealth payments for contraband/weapons. However it may also be used for anything that becomes scarce in a wartime scenario (mostly imported goods etc). It's the nature of the Bitcoin beast that it can't be censored, so war may actually increase adoption....it in the most unfortunate way possible.....

Its the only digital currencies that can easily be sent during war. BTC being the major coin will be worth accepting as well by the ones who are selling the weapons since its value keeps rising. It makes sense why the price of BTC in Iran suddenly moon. We don't expect war though since the two countries aren't that close range so its good that they have time to rethink and see war is not good.

I understand the logic behind BTC being rocket-jumped in Iran.
But in case of real war servers could be destroyed so most of the people will be unable to make transactions
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January 07, 2020, 04:57:07 PM
 #51

I don't think war could bring such a big impact on the cryptocurrency, it might affect the price but not too much. Gold might be the alternative to people for securing their assets during the war. Bitcoin or other cryptocurrencies might be a choice too, but they're not popular like other commodities. I personally will choose bitcoin to secure my asset, but I don't think other people will do the same.
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January 07, 2020, 04:59:38 PM
 #52

Whats Ur take on that?

War situation USA Trump Economy and crypto Currrency?


Do u Think that current situation have any impact on crypto?
I think this war situation really has an impact to bitcoin because the oil and gold already move up, so there is a chance that bitcoin will suddenly improves its6 price if the war happens. But i hope the war will not happen, even bitcoin increase it's price because a lot of people will suffer from it and a lot of countries will be affected.



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January 07, 2020, 06:28:08 PM
 #53

You can bet your bottom dollar that if war breaks out crypto will be used to facilitate stealth payments for contraband/weapons. However it may also be used for anything that becomes scarce in a wartime scenario (mostly imported goods etc). It's the nature of the Bitcoin beast that it can't be censored, so war may actually increase adoption....it in the most unfortunate way possible.....

Its the only digital currencies that can easily be sent during war. BTC being the major coin will be worth accepting as well by the ones who are selling the weapons since its value keeps rising. It makes sense why the price of BTC in Iran suddenly moon. We don't expect war though since the two countries aren't that close range so its good that they have time to rethink and see war is not good.

I understand the logic behind BTC being rocket-jumped in Iran.
But in case of real war servers could be destroyed so most of the people will be unable to make transactions

BTC is distributed. So destruction of miners in iran wont affect the network too much....it will just slow down the network a little. To stop the network completely every miner across the globe needs to be targeted and destroyed. Bitcoin is truly amazing.
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January 08, 2020, 03:43:54 AM
 #54

I think it will be a domino effect if the war happen, the economy will crashed again and that is why we should hope that the war will never happen.  If the war happen it will affect the world economy and the cryptocurrency market will also be affected. Investors for sure will pull out there money because they are also afraid to the crisis that may happen.

A very possible scenario, on the other hand, will utilize cryptocurrency too which is another possible scenario. People withdrawing or selling their stocks but there are also traders who will take advantage of this as this is also an opportunity to buy, this may happen to crypto too. Though war will never be a good option, as it brings hunger, desperation, broken family and will take several years to recover from trauma for the victims, I hope crypto will play an important role in this situation too.

 
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January 08, 2020, 04:51:48 AM
 #55

I don't think war could bring such a big impact on the cryptocurrency, it might affect the price but not too much. Gold might be the alternative to people for securing their assets during the war. Bitcoin or other cryptocurrencies might be a choice too, but they're not popular like other commodities. I personally will choose bitcoin to secure my asset, but I don't think other people will do the same.
Today's Iran actions made Bitcoin go up 23%
Are you sure it won't affect crypto?
Moreover war means that servers could be destroyed - that means less people will have access to their wallets so less transactions will be made.
And who knows how it will affect the price
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January 08, 2020, 06:17:33 AM
 #56

I know we all think that war will not happen, specially not now and Iran is not really going for it, however there could be some small annoying stuff in middle east like maybe Iraq sending all american troops back or at least wanting that and USA not withdrawing them or even Iran basically killing some high end official of USA military in retribution etc etc.

However, assuming there was a war, it is not in a region that many people care, we are not talking about a war in the land of USA, we are not talking about a war that affects Europe neither, at worst there could be terrorist attacks in those regions but the "war" will be in middle east and that never really affected the world at large, remember the Iraq war? That destroyed a whole region but rest of the world was going about their day like nothing happened.


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January 08, 2020, 09:24:22 AM
 #57

What is clear is that because of the conflict between Iran vs. America, this has caused world oil prices and gold to rise. and in my opinion if this conflict continues it will have an impact on the world economy and also on the price of bitcoin. because I also heard that Iran would use cryptocurrency as an alternative to reducing dollar dominance. but I never expected that this conflict would continue because war would always bring destruction and sadness. Hopefully this conflict ends soon.

 
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January 08, 2020, 01:15:20 PM
 #58

We cannot escape the fact that war is having a direct or indirect effect on cryptocurrency. Because in our fiats, war to really affects the inflation, deflation of goods, can force a bank to close, force people to evacuate and make a trouble in the entire living system of everyone inside the war zone. Moving on, it is also a fact that cryptocurrency is a currency, with value, and with potential to serve as a store of value mostly from the people inside of the tension. But applying the concept of basic demand and supply, its direct effect is positive to market price.

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January 08, 2020, 01:25:47 PM
 #59

The current situation has a huge impact on cryptocurrencies, as you can see after the soaring tensions between the two countries of war, the price of bitcoin will increase, now I will observe if the war situation getting worse and worse, I'll buy more and more bitcoins, but if it leads to World War I, I'll sell all the cryptocurrencies I have when I can.

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January 08, 2020, 01:39:57 PM
 #60

Whats Ur take on that?

War situation USA Trump Economy and crypto Currrency?


Do u Think that current situation have any impact on crypto?

I heard a rumour that world economy will face a hard time for once again in 2020 but it is just rumour, I haven't searched about this too but in case it happens, of course there is an impact to crypto. If the world economy become weak, people would look for a place to save their assets. So, they might think crypto is a good option for them. It will push the crypto price up, could be high or just stay low based on the situation itself.
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