World Economy and war situation and crypto

[Juggy777]

Whats Ur take on that?

War situation USA Trump Economy and crypto Currrency?


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

@Polo7 first of all let’s pray that both countries can reach some sort of settlement and avoid starting a war, as a war will not benefit them and both countries economies could take a hit due to war. I’m not sure if war news is directly having an impact or no but bitcoins prices are steadily rising upwards and it has crossed $7.5k on preev. Further if a war does breakout then I feel we shall see a sharp rise in crypto prices, as people will suddenly rush to buy crypto’s to store their currencies and this sudden rate of adoption shall push up crypto’s prices at least for the short term.

[tippytoes]

Whats Ur take on that?

War situation USA Trump Economy and crypto Currrency?


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

@Polo7 first of all let’s pray that both countries can reach some sort of settlement and avoid starting a war, as a war will not benefit them and both countries economies could take a hit due to war. I’m not sure if war news is directly having an impact or no but bitcoins prices are steadily rising upwards and it has crossed $7.5k on preev. Further if a war does breakout then I feel we shall see a sharp rise in crypto prices, as people will suddenly rush to buy crypto’s to store their currencies and this sudden rate of adoption shall push up crypto’s prices at least for the short term.

I am closely following the progress of what's going on in this situation and I can say war is imminent. One wrong move again and war will erupt. Though crypto will benefit in case war happens, yet, we are not hoping that it will really come true. If they can fix the issues diplomatically, why not? Because in war, no one wins.

[Sadlife]

If ever this war goes on a larger scale especially with escalating tension between two countries then im sure people will convert their fiat currency into other assets including bitcoin. We might see inflation in the US dollar to fund the war in iran using their monetary currency to increase debts and raise money to strengthen their military force. If this occurs then we might see BTC go through all time highs.

[AniviaBtc]

Whats Ur take on that?

War situation USA Trump Economy and crypto Currrency?


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

@Polo7 first of all let’s pray that both countries can reach some sort of settlement and avoid starting a war, as a war will not benefit them and both countries economies could take a hit due to war. I’m not sure if war news is directly having an impact or no but bitcoins prices are steadily rising upwards and it has crossed $7.5k on preev. Further if a war does breakout then I feel we shall see a sharp rise in crypto prices, as people will suddenly rush to buy crypto’s to store their currencies and this sudden rate of adoption shall push up crypto’s prices at least for the short term.

In terms of its price, maybe it can affect crypto because of that serious conflict between two country. When that happens, many countries will be involved in the war and many properties and assets will be destroyed and become useless. The same in the cryptocurrency, it will only valuable in buying massive weapons and arms for the war.

And after that it will become useless after the world becomes fucked up. Imagine that money will become useless because of the worst impacts of the war and the World economy will be also vanished and will have a constant downward movement and that is so sad for cryptocurrency.

[avatar_kiyoshi]

Crypto is way too small to be considered at all in case of war. Many people call crypto an alternative form of investment which can come handy in case of slowing down economy or depression which usually happens in case of war. But the market is so small and no one will consider it as an alternative. It will fall equally along with the stock or forex. People might altogether forget about it. Not a big deal at this marketcap.

Stock, forex, gold, other metal, oil, ect will be more difficult to obtain, because it is overseen by the government. Bitcoin / cryptocurrency will be the best choice in this case, it's decentralized, as long as the internet still accessible.
Bitcoin market is quite high, more people are starting to aware with this "people currency".

[Chrystora123]

Whats Ur take on that?

War situation USA Trump Economy and crypto Currrency?

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

We cannot deny that the effects caused by America have a big impact on the world economy and also the cryptocurrency..  if world war 3 occurs then the internet (most likely) will shut down and this will cause obstacles in transacting around the world and will automatically affect cryptocurrencies.

[gweedo]

Whats Ur take on that?

War situation USA Trump Economy and crypto Currrency?


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

It will certainly affect the development of the cryptocurrency market, but I am thinking that war will have a positive impact on this market. It is likely that Bitcoin will rise sharply in the near future if war and tensions continue to occur.
Btw I don't expect war to continue because it is a bad thing that will hurt many people and suffer them. I want a world to grow in peace and love one another

[gabmen]

Probably not that much on crypto but definitely on the economy, especially for those countries involved. Hopefully it doesn't escalate more as we're likely on the brink of a nuke war if this spreads beyond the US and Iran. For crypto, i don't see how this can be a catalyst of either a major plunge or a pump. Though many would probably consider converting their assets to crypto because of this.

[airdnasxela]

It won't show much impact with the current situation but once it grows bigger that war already started and that a lot of people are starting to be affected by the war, then that's the time that it will show big impact to crypto.
News article already said that Iran put a red flag on one of their highest place something. I don't know. I'm not familiar but they said that red flag depicts war. So U.S. should be careful that Iran might start attacking them. War might start soon but I hope it won't. Because it will affect people economically and even their financial status

[alyssa85]

I am closely following the progress of what's going on in this situation and I can say war is imminent. One wrong move again and war will erupt. Though crypto will benefit in case war happens, yet, we are not hoping that it will really come true. If they can fix the issues diplomatically, why not? Because in war, no one wins.

Wars are expensive.

The only reason the ISIS thing went on so long is that money was being funnelled to them from Saudi and other extreme places.

Who will fund Iran, which is Shia? Their economy is a mess due to sanctions, and they have already wasted a lot of money on proxy wars in Syria, Lebanon and Yemen.

[Peashooter]

Whats Ur take on that?

War situation USA Trump Economy and crypto Currrency?


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

Well, War must not be part of the list but currently it happens and that was between U.S and Iran was not a good thing not to be aware and unknowingly we are being included to it and that was through Bitcoin, didn't we all know Bitcoin was a free platform which allows every human being to be included and this might be used for some other group of people to do illegal transactions which may lead for other countries to think about a precautionary act like banning this platform, specially today that there was a great tension between US and Iran.

[davinchi]

Everyone thinks that there will be a war but I doubt that will happen, there is already a lot of civil wars going around in middle east as it is and USA getting troops there would change the facts so much that I doubt those nations would allow USA to destabilize those regions that easily.

Iraq just passed a bill for example kicking out all USA military, not that USA will care but at least the longer they stay there would mean the longer they are doing that illegally already, so they are having trouble with troops they already have and I doubt they would risk by putting up more soldiers in a place that wants less let alone same number. However, if there was a war, it would benefit crypto which we wouldn't want, we don't want crypto to be loved "that" way anymore.

[target]

If the localbitcoin price goes up to $24K, BTC must go up too when there is war.

Everyone thinks that there will be a war but I doubt that will happen, there is already a lot of civil wars going around in middle east as it is and USA getting troops there would change the facts so much that I doubt those nations would allow USA to destabilize those regions that easily.

Iraq just passed a bill for example kicking out all USA military, not that USA will care but at least the longer they stay there would mean the longer they are doing that illegally already, so they are having trouble with troops they already have and I doubt they would risk by putting up more soldiers in a place that wants less let alone same number. However, if there was a war, it would benefit crypto which we wouldn't want, we don't want crypto to be loved "that" way anymore.

They should have done that long before countries were ruined because of US invading the middle east countries. The war might just escalate since Iran put a hit to Trump worth $80M, I'm not sure how they are going to pay but probably worth $80M worth of BTC. You can look it up on google since I only see that news on facebook feed. I believe its true. I'm still hopeful the war will not happen and I hope US military will not bomb themselves to make it look like they have the reason to shoot.

[posi]

Whats Ur take on that?

War situation USA Trump Economy and crypto Currrency?


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

The current misconception and assassination will slightly have an impact on crypto price  because the countries that had aone issues supported blockchain and have a huge stance that supported crypto mining. However, the OP shoudnt have use the words war because no one pray for such thing to happen.

[luppecuppe]

Cryptocurrency offers great advantages in some ways. I can give an example. Moving paper money from one place to another is very laborious. However bitcoin can be carried in a small wallet. Such a means of carrying value can make sense in times of war.

[Webetcoins]

Whats Ur take on that?

War situation USA Trump Economy and crypto Currrency?


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

Well, War must not be part of the list but currently it happens and that was between U.S and Iran was not a good thing not to be aware and unknowingly we are being included to it and that was through Bitcoin, didn't we all know Bitcoin was a free platform which allows every human being to be included and this might be used for some other group of people to do illegal transactions which may lead for other countries to think about a precautionary act like banning this platform, specially today that there was a great tension between US and Iran.

I don’t think the same way. The war between U.S and Iran is not going to escalate the possibilities of any pump. Economic war between the countries would get continued in all conditions .Economic destabilization occur due to many other reasons other than the civil war .Bitcoins would get increased in their price probably in the beginning of this new year.

[Murat]

Every war is mass destruction for the human being, nothing could be escaped from the curse of the war, so the world economy will be affected by any war and in this way, Cryptocurrency will face very similar, since this is the decentralized system so most of the government are not interested in launching this system. because they always want to dominate in every corner of its territory, but it's damn sure that if a war really would happen then cryptocurrency will face the most vulnerable thing because it's still young from my perception.

[Savemore]

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.

[Wysi]

Crypto will play a major role in war situations due to it's fast transaction across the border features and anonymity wherein on a humanitarian basis crypto will help public to keep their asset safe if they convert it into bitcoin or any other crypto but at the same time, it will be used to fund anti-social elements which will make things worst. Nevertheless, the value of crypto will increase in war situations because crypto will be used for transactions.

[Kimonoe]

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.

with the war, the infrastructure will be damaged, so that cryptocurrency will be affected due to damage to the internet network. I think gold will be the first choice for those who have the wealth to secure their assets. but on the other hand bitcoin will trailed gold to become an alternative asset if an economic war occurs