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Author Topic: What will happen to bitcoin on a world war?  (Read 1879 times)
BlackHatCoiner (OP)
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September 12, 2020, 01:12:48 PM
Last edit: April 20, 2022, 07:05:21 AM by BlackHatCoiner
Merited by DdmrDdmr (2)
 #1

In my opinion, a world war is literally the worst thing that can happen to humanity, with or without bitcoin.

Wars happen because countries can't pay up their debts, so they "pay up" this way. (Again, in my opinion, no misunderstandings)
In a war, the fiat loses its value. I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

History has shown that gold is the money that "reborns" fiat. At least after a war. I would like to read some thoughts.

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September 12, 2020, 02:00:41 PM
Merited by uneng (1)
 #2

In my opinion, a world war is literally the worst thing that can happen to humanity, with or without bitcoin.

Wars happen because countries can't pay up their debts, so they "pay up" this way. (Again, in my opinion, no misunderstandings)
In a war, the fiat loses its value. I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

History has shown that gold is the money that "reborns" fiat. At least after a war. I would like to read some thoughts.
Interesting but dark question!  If a third world war it is hard to imagine it won't escalate to involve nuclear weapons so I agree the outcome would "literally the worst thing that can happen to humanity" and nothing like the outcome of the two world wars in terms of utter devastation IMHO.  Given that bitcoin is largely 'electronic' being completely reliant on computers to operation and currently its energy consumption now comparable to Czech Republic* I would think the mining industry would be devastated at the very least so how would transactions get verified?  I am pretty bitcoin would be forgotten and we would return back to barter system or at least something that doesn't rely on world wide network of computers to still be functioning.

*Bitcoin’s Energy Consumption Grows, Now Comparable to Czech Republic
Quote
power consumption of the entire Bitcoin network, Bitcoin is currently estimated to use 67.927 terawatt-hours (TWh) per year, as of Thursday
...Bitcoin's energy consumption now ranks above Switzerland, Kuwait, and Algeria on that list.
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September 12, 2020, 02:15:38 PM
 #3

The bitcoin is made in way that even if half of the miners cannot afford mining, then the difficulty will adjuct as well. So I don't think that transactions will ~never get confirmed.

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September 12, 2020, 02:23:01 PM
 #4

Probably, some governments are using bitcoin to buy some weapons or warheads that can be used in case of a war.

They are not saying it in the public because it can cause panic and anxiousness towards this conflict. When world war occurs, it depends if bitcoin will lose its value depending on the amount or the severity of the disaster that it brought to the humanity. If this war eliminate most of the humanity and it affect most of the percentages in the world then money and all other currency will become useless.

No one will benefit all of the money that they earned and worked for if this war really occurs, everything will become useless except, lives.

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September 12, 2020, 02:26:48 PM
 #5

Bitcoin is a decentralized coin and it has a great value. Some government will use bitcoin as their payment method at the time of world war. But it is sure that bitcoin will lose its price randomly.

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September 12, 2020, 02:42:15 PM
 #6

I think there would be a rapid increase in the price of BTC because of uncertainty. Fiat currencies would lose their value as people scramble for food and shelter. Since gold isn't easy to carry around, BTC would be the perfect alternative since one can migrate to another country and access their BTC from the cloud. But all this depends on how bad the war gets.

Why??? People are dying due to the conflict between two or more countries then probably most of the countries near it will be also affected. I don't think that bitcoin will have an increase in its price because money will become useless and not be used to survive as people will not value and will don't care about it anymore.

That's the reality when we experience war. Development and advancement of technologies helped the strengthening of those nuclear warheads and explosive so this modern war will not be the same like before. Humanity can be vanished in just a week or two if war really happens.

Survival during times of war really matters the most, you don't need to but things amidst of war, some people are just scavenging market just like what is happening during riot.
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September 12, 2020, 03:04:32 PM
 #7

This could be a wild imagination that surely rare to happen.  Cheesy

The same on other national currencies, Bitcoin might also be unusable due to the possibility that they were affected by the world war(take note: we are talking about the world war, not just by the two countries fighting each other) or some reason the internet infrastructures will collapse including those internet providers, and Bitcoin will become worthless if can't even run the nodes without internet(It might run through satellite network but I didn't this matter). Possible shutting down in all electricity sources that people possibly didn't have even access to the internet or on the computer.

This is the very worst imagination when it comes to the humanity race, would you think all valuable asset will probably become important if there is a world war? Even Bitcoin, fiat or gold doesn't matter. Probably they are just chasing food, waters, and medicine just to survive. Lol, I remember this scenario upon watching movies on Netflix, intitled "Z Nation" movie series, there is a humanity race vs zombie.

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September 12, 2020, 03:24:58 PM
 #8

I think People before war started will surely find where they can set safe their Assets and as i believe Bitcoin is one of the Option they can use.
Imagine that Internet will still be available(though in limited places only) and this will remain Rich people in update with their holdings.
and also after the war Crypto will stand still and maybe supported by the winning country though they cannot manipulate nor control na crypto market.
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September 12, 2020, 03:30:59 PM
 #9

If a world war might really happen, I don't think people would think about money or even crypto first because what will matter is how can we survive from all the attacks? Bitcoin can really collapse, even other currencies. But bitcoin will always be there however, you won't be able to use it when you die, so lives matter more I guess. It's just like the previous wars, after it, countries will need a lot of years to recover from it.
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September 12, 2020, 03:39:16 PM
 #10

fiat currency will losses its capacity to buy during world war. Money could not buy for food nor it could be use for comfort because during war survival is the kry by keeping  food. bitcoin also will be no value during war because we know that bitcoin us being back by fiat currency. However, after the war fiat could be restore to its function but I guess not the digital currency like bitcoin. War is destructive and losses will be high like lossing hardware wallet and seed phrase. It is expected that there will be many users to lose bitcoin that could not be recovered.
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September 12, 2020, 03:42:54 PM
 #11

First of all, let's expect there will no more world war. If it happens then it will another war to sustain human existence. So, definitely, we will encounter big effects on Bitcoin as well. Just to notify you, bitcoin value and bitcoin price isn't the same thing. Value depends on the community and the current price depends on the traders. I am assuming during the world war, mostly the price will be affected instead of value. Because the community already exists, but there will be a global crisis during the world war, as a result, bitcoin price would dump hugely. People will be panic and would sell their holding bitcoin for real cash. That's what we encountered at the beginning of the COVID-19 pandemic although after we are seeing a good movement. Anyway, I believe bitcoin will collapse overall the same as other currencies if happen world war.

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September 12, 2020, 03:49:02 PM
 #12

A world war can create a big impact over the entire economy of the countries involved in it. Apart from that there'll be minor market collapse with rest of the countries, as every country is tied up with businesses.

When we talk about bitcoin after a world war, the network would've got weakened as miners are the sole responsible for every transaction. If I'm not wrong a world war can lead to a major correction by which it might fall back to three digit value, because each and everything happens in a cyclic pattern.

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September 12, 2020, 03:54:21 PM
Merited by BlackHatCoiner (1)
 #13

Besides EMP-affected areas, why would we have no more access to the internet in case of a world war?

Anyway, the thing is, in a such scenario I think Bitcoin is somewhere around the bottom of our lists of priorities. Besides carrying the seed around with you to make sure your BTC is still yours, I doubt anyone would bother to check how much a Bitcoin is anymore. And putting all those priorities to the side.. let's be real for a minute - do you think the spark of another world war would end up sweet for the humanity? I doubt so. To be honest, it might actually be one of the last things I'd be worried about.

Times have changed so much since WW2 though, so it's quite hard to predict what would stand today in a war. The thing is, with or without internet, Bitcoins can be so easily carried in comparison with anything else, from cash to (especially) precious metals. You can literally just take a small piece of paper with you and there goes all your BTC (or even alts as well).

But once again, Bitcoin's fate depends on the way we'd treat it during the war: is it a safe haven asset we'll use to get through the hard times or would we just sell everything once things go dark? That's the decisive factor. Without enough strong hands who highly trust Bitcoin as a completely decentralized system that would never scam you out or seize your bucks, it'd get heavily dumped.


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September 12, 2020, 04:05:28 PM
 #14

In my opinion, a world war is literally the worst thing that can happen to humanity, with or without bitcoin.

Wars happen because countries can't pay up their debts, so they "pay up" this way. (Again, in my opinion, no misunderstandings)
In a war, the fiat loses its value. I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

History has shown that gold is the money that "reborns" fiat. At least after a war. I would like to read some thoughts.

This really would be an interesting scenario (not the whole war bit of course). i actually dont Bitcoin would collapse here rather its value as a censorship resistant payment mechanism and its decentralized nature would prove very useful. More often than not in times of war fiat currencies often go through high inflation while locals of a war torn region often have to resort to barter and the country itself would most likely be subject to sanctions by hostile nations making imports of essential goods difficult.

And as far as the internet is concerned cryptocurrencies could technically be transmitted over radio.

The ongoing wars in Syria could be seen as an interesting case study here ( I know its not a world war situation here but a lot of the same points apply) Check out these articles :

1) https://www.coindesk.com/a-war-torn-country-in-syria-will-use-crypto-to-power-an-anarchist-state

2) https://www.coindesk.com/sand-death-and-cryptocurrency-life-in-a-decentralized-syria


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September 12, 2020, 05:46:31 PM
 #15

world war 3 most likely an economic warfare.
but, the bridge to this economic warfare still uncertain.
if you love conspiracy theories, you can speculate that this pandemic situation is one of the bridges.

it's already happening now.
-the global recession
-stocks market down.

-gold price significantly up.
-defi (blockchain) boom, may lead bitcoin and other cryptos to the moon.


“I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones.”
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September 12, 2020, 05:52:21 PM
 #16

In my opinion, a world war is literally the worst thing that can happen to humanity, with or without bitcoin.
...

It's sad, but a world war is the best thing that could happen to bitcoin. When countries are under war the fiat starts losing cost, remember, the war represents an enormous cost for each country, so, if people see bitcoin as a secure way to hold their money without risking it, then not only the people we buy, the govs will back up some of the country money on bitcoin, that way bitcoin price could go to the moon, and i'm talking about $1M/1btc.

But at the same time the govs will not let people spend all their money on bitcoin, so, it should become illegal in some parts of the world.

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September 12, 2020, 06:00:20 PM
 #17

In my opinion, a world war is literally the worst thing that can happen to humanity, with or without bitcoin.
...

It's sad, but a world war is the best thing that could happen to bitcoin. When countries are under war the fiat starts losing cost, remember, the war represents an enormous cost for each country, so, if people see bitcoin as a secure way to hold their money without risking it, then not only the people we buy, the govs will back up some of the country money on bitcoin, that way bitcoin price could go to the moon, and i'm talking about $1M/1btc.

But at the same time the govs will not let people spend all their money on bitcoin, so, it should become illegal in some parts of the world.
The world war will eventually affect the bitcoin's status and I think if this will happen on the time in which bitcoin is already a part of each and everyone else's life, most of us will get poor and most of us will experience poverty. Actually there are a lot of things that the world war can be affected not only the bitcoin and all of it's effect will be negative.
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September 12, 2020, 06:19:24 PM
 #18

IIRC, I have that same thought a year ago.
I think it was the time when China and USA are in heat about certain events. (can't remember clearly)

I asked myself, what if these two went to war?
Of course, allied countries will help out and it may become a World War.

No one would think about the internet. I won't. I'll take every food that I can get that will last longer.
This kind of peace where you just watch Netflix every day will change. Suddenly, you always want to be updated with the news.
I think your friend thinks it will be dumped because a lot will sell. High possibility. I also might sell.
Necessities to live is the priority rather than other things. Money won't be that valuable with a war going on.
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September 12, 2020, 06:40:25 PM
 #19

Hello to all. I believe that we are talking about a world nuclear war, because at the current level of weapons, a world war can only be nuclear. With such an outcome, humanity will either completely die out, or roll back into the "Stone Age" - we will again make money from shells. I think that in a nuclear world war in a couple of years no one will remember Bitcoin at all. I think the leaders of the leading nuclear countries understand what they are doing and where they are leading our civilization.
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September 12, 2020, 06:46:35 PM
 #20

In my opinion, a world war is literally the worst thing that can happen to humanity, with or without bitcoin.

Wars happen because countries can't pay up their debts, so they "pay up" this way. (Again, in my opinion, no misunderstandings)
In a war, the fiat loses its value. I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

History has shown that gold is the money that "reborns" fiat. At least after a war. I would like to read some thoughts.

We don't actually know what could happen to the bitcoin when World War happened but for sure it will have a huge effect on the market and on bitcoin.

In my opinion, at times of war transactions are important since it would be needed to purchase firepower, but not actually sure since there are so many currencies that could be used at this point aside from bitcoin. Money is important if you want to be protected. Or in the times of war bitcoin could easily be useless since most of the time it is all about surviving and it might affect bitcoin market price making it useless in some countries. But I guess it depends on what situation the war would make to the world.

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September 12, 2020, 07:44:40 PM
 #21

I strongly believe that the world war 3 has already begun few years back and it happens in the air without even firing any single nuclear or missile. What I'm talking about is the cyber war that is happening for ages. Talking about bitcoin during these era, we don't actually know how are they using bitcoin or any cryptocurrencies that promotes anonymity but one thing's for sure bitcoin will be used abundantly during warfare era.
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September 12, 2020, 08:46:08 PM
 #22

I think that digital currencies and gold will be more important than fiat money in a world war. Because obviously, fiat money will take the most damage and people won't be eager to use it. They will look for alternatives. Cryptos and gold will be the best options.

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September 12, 2020, 10:55:33 PM
 #23

In my opinion, a world war is literally the worst thing that can happen to humanity, with or without bitcoin.

Wars happen because countries can't pay up their debts, so they "pay up" this way. (Again, in my opinion, no misunderstandings)

No, war happens not because country can't pay up their debts, it is because stronger country wanted to bully and take over the weaker one.

In a war, the fiat loses its value. I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

It is expected once, a country engulfed in a war, their financial system crashes and their economy suffer because their sources of income collapses, in short all economic activity are halted or sanctioned.


Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

History has shown that gold is the money that "reborns" fiat. At least after a war. I would like to read some thoughts.

Depends on what kind of war and where the war is.  If war is not a global one and it happens on a non-supporting country, then we can't see a significant effect on the Bitcoin market.  But if war became global, then it will not only affect the value of BTC but rather it will affect the operations and transactions of BTC negatively, trading may come to halt, worst the blockchain operation itself may stop if all the internet services stop.
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September 12, 2020, 10:58:37 PM
 #24

I think this years crash demonstrates that Bitcoin is quite sensitive to the situation on the global market, so you can imagine that in terms of price, it won't be doing well. Its network will also be negatively affected, if global Internet connection would be disrupted, and we know that some governments are preparing for it - Russia and China and some other dictatorships have the technology to cut themselves off the Internet. But if there won't be nuclear war and the subsequent collapse of civilization, Bitcoin would survive a world war.

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September 12, 2020, 11:10:02 PM
 #25

As you have said, fiat will lose its value. Bitcoin is being traded to usd which can be lose its value when the world war will happen. Bitcoin can still function but if its pair (USD) has no value at all, then it will be useless also. But we should expect that there will be no war to happen, the world can't afford to happen that since people will now think carefully before they even let it to happen.
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September 12, 2020, 11:29:08 PM
 #26

Apart from that there'll be minor market collapse with rest of the countries, as every country is tied up with businesses.
I believe a world war will create a major market collapse if the government will not be able to handle the tension, huge tendency that fiat will lose its value for a while until war is over. Inflation will surely be a problem if war would happen.
When we talk about bitcoin after a world war, the network would've got weakened as miners are the sole responsible for every transaction.
I totally agree with this, no matter how we can access bitcoin with internet if there will be no miners transactions will just surely get trafficked and no transaction will be pushed eventually.

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September 13, 2020, 02:37:22 AM
 #27

Bitcoin is a decentralized coin and it has a great value. Some government will use bitcoin as their payment method at the time of world war. But it is sure that bitcoin will lose its price randomly.

Everybody loses in a war if there is another world there is a big probability that Bitcoin will drop it's value but not lose it's value manyholders will likely sell their shares and stock foods and basic needs, because there will be an interruption of basic supply, but it's unlikley to happen because leaders knows the cause of going to world war, nobody wins here.
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September 13, 2020, 03:18:19 AM
 #28

If a war breaks out, communication will be the first target when attacking so the internet can be interrupted and cut off. That meant it was impossible to transfer money using bitcoin, so bitcoin was impractical during the war. In a currency war too, the value can be inflationary and unpredictable, so cash is not the way either. I think Gold is worth more than anything because it has been experienced in previous wars, history for thousands of years.

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September 13, 2020, 04:11:22 AM
 #29

In my opinion, a world war is literally the worst thing that can happen to humanity, with or without bitcoin.

Wars happen because countries can't pay up their debts, so they "pay up" this way. (Again, in my opinion, no misunderstandings)
In a war, the fiat loses its value. I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

History has shown that gold is the money that "reborns" fiat. At least after a war. I would like to read some thoughts.

Its obvious that civil war or world war is very dangerous because if any country experience war it will affect their economy really. Looking into cryptoccurrencies the only war that can affect cryptoccurrency is a word war but a process were buy it's a countries war it will not affect another country because not only the country that is into cryptoccurrency.
Crptocurrency currently are vital.

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September 13, 2020, 04:37:19 AM
 #30

I hope that world war will not happen again, because the effects must be very bad, even worse than the current situation.
But if it does happen in the end and what will happen to Bitcoin, I predict the Bitcoin price will go up. Because more and more
people will use Bitcoin for payments, because transactions with Bitcoin can be done easily. And most importantly, you can make
transactions between countries safely. Even the government can use Bitcoin to buy weapons for war.

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September 13, 2020, 05:00:26 AM
 #31

fiat currency will losses its capacity to buy during world war. Money could not buy for food nor it could be use for comfort because during war survival is the kry by keeping  food. bitcoin also will be no value during war because we know that bitcoin us being back by fiat currency. However, after the war fiat could be restore to its function but I guess not the digital currency like bitcoin. War is destructive and losses will be high like lossing hardware wallet and seed phrase. It is expected that there will be many users to lose bitcoin that could not be recovered.
The idea that a lot of bitcoins will be lost during the global war deserves special attention. Indeed, the war will take many lives, and with them access to a significant part of the cryptocurrency, including bitcoins, will be cut off. Even if the Internet remains, there will be very little bitcoins in circulation.
At the same time, if the consequences of the war are very significant, most likely, the cryptocurrency will lose its significance and its value. Cryptocurrency trading is possible only in a technically advanced society.

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September 13, 2020, 05:39:54 AM
 #32

I think there are two possible "what if" scenarios.
1. Bitcoin would act like gold or any other limited assets during war. It would rise in price
2. Bitcoin would behave like it did during the lockdown. It'd collapse.
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September 13, 2020, 05:47:11 AM
 #33

In my opinion, a world war is literally the worst thing that can happen to humanity, with or without bitcoin.

Wars happen because countries can't pay up their debts, so they "pay up" this way. (Again, in my opinion, no misunderstandings)
In a war, the fiat loses its value. I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

History has shown that gold is the money that "reborns" fiat. At least after a war. I would like to read some thoughts.

I also agree with you. In Iran, if something important happens, they will cut off the internet of the whole country. I myself witnessed that after the assassination of one of the good commanders of this country, they cut off the internet of the whole country.

And I remember that my friends in Iran did not know about the Bitcoin chart for weeks, and they were the ones who lost their capital.
However, in my opinion, gold is better in war than bitcoin.
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September 13, 2020, 06:06:51 AM
 #34

When world war bitcoin keep have good value and many people looking for profit with bitcoin as investment because world war will give bad impact for economic and make many countries destroy, almost many people lost their job and back as investment or trader will be worth and profitable for the future during world war.
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September 13, 2020, 06:22:49 AM
 #35

In my opinion, a world war is literally the worst thing that can happen to humanity, with or without bitcoin.

Wars happen because countries can't pay up their debts, so they "pay up" this way. (Again, in my opinion, no misunderstandings)
In a war, the fiat loses its value. I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

History has shown that gold is the money that "reborns" fiat. At least after a war. I would like to read some thoughts.

We don't actually know what could happen to the bitcoin when World War happened but for sure it will have a huge effect on the market and on bitcoin.

In my opinion, at times of war transactions are important since it would be needed to purchase firepower, but not actually sure since there are so many currencies that could be used at this point aside from bitcoin. Money is important if you want to be protected. Or in the times of war bitcoin could easily be useless since most of the time it is all about surviving and it might affect bitcoin market price making it useless in some countries. But I guess it depends on what situation the war would make to the world.
I don`t think it would an advantage for bitcoin when there is a world war. It might be used in purchasing or transacting but probably, economy will fall. As a result, most of the companies will not be able to run. Many businesses will shutdown and cryptocurrency as well as stocks will be affected. In the end, there is no good that world war brings to the world aside from depopulating and fighting the individual rights and wants. Bitcoin will probably fall because investors are fear to trap in a falling world economy.

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September 13, 2020, 08:37:07 AM
 #36

There is one theory saying the world war 3 is already started economically between the economic powers. However, in the case of any military world war many currencies will be banned and many countries will be sanctioned and all these limitations will make the lives harder for people. the only thing can be traded limitless is the bitcoin and this huge demand can pump the bitcoin (and gold) price real hard during this period of the time.

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September 13, 2020, 09:18:18 AM
 #37

It would really the worst thing that could happen to all of us, and Bitcoin as well. In the period of chaos and destruction the most valuable things would be food and weapons, medicine and so on. But not the BTC will take the first place in this list of the most required things. So at least for some period it would be forgotten. And after the world's recovery may be it would be recalled again.
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September 13, 2020, 09:26:15 AM
 #38

It would really the worst thing that could happen to all of us, and Bitcoin as well. In the period of chaos and destruction the most valuable things would be food and weapons, medicine and so on. But not the BTC will take the first place in this list of the most required things. So at least for some period it would be forgotten. And after the world's recovery may be it would be recalled again.
Food ,water,clothing,weapons,medicine and place to hide thats the most important thing that will matter for everyone when your
Community is being attacked and Bombed,you will not care for everything but your life,this is the saddest that World war can bring.
But of course there are still people that will accumulate resources like Gold and maybe Bitcoin.
and also yeah there might be a temporary shutdown of transactions but once the war is over?
Bitcoin and cryptocurrencies will return.

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September 13, 2020, 09:57:20 AM
 #39

In my opinion, a world war is literally the worst thing that can happen to humanity, with or without bitcoin.

Wars happen because countries can't pay up their debts, so they "pay up" this way. (Again, in my opinion, no misunderstandings)
In a war, the fiat loses its value. I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

History has shown that gold is the money that "reborns" fiat. At least after a war. I would like to read some thoughts.

You made a good discussion. As like dollars, bitcoin is also based on Market.The value of dollar was reduced in world war is due to the Market. The price of bitcoin is decentralized one, it mean no one can control it. It was only done by the investors and traders. I hope we don't face any next world war, because no country work with diplomatic tactics. Surely world war will affect the world economy badly. So all the country should not encourage it again.
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September 13, 2020, 11:05:06 AM
 #40

That is far from my imagination, but if the world war happens, the telecommunication will be the first target because they can get every information from other agents, even if the information is using an encrypted data.

But for bitcoin, I think the network can still running because I think there will be a server node that will operate in the countries which are not involved with the world war. But if the world war involves all countries, it can shut down the network or sabotage the network. I don't know for sure about that because I don't expect to see the world war. But we really don't know.
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September 13, 2020, 11:39:38 AM
 #41

Bitcoin is a decentralized coin and it has a great value. Some government will use bitcoin as their payment method at the time of world war. But it is sure that bitcoin will lose its price randomly.
That's a simple truth. During the war, things often go worse and bad news always fly across boards which will affect the war zone economy. Bitcoin price during war will surely go red IMHO, even though the internet won't be affected in the process. Another opinion is, the countries that are into war can also have a significant influence on it price. If the country at war adopt it use among it citizens the price must enter dip but if the country is not Bitcoin friendly price will be positive.

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September 13, 2020, 12:04:10 PM
 #42

If we will see world anigilation (or at least disapear of internet as we know it) then btc will be dead
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September 13, 2020, 12:15:17 PM
 #43

I believe that when a world war occur Bitcoin and other cryptocurrencies would be worthless since nobody would care about it I also think that Fiat would also be destroyed.
We would be back on trading with what we could use all the other currencies would be worthless we would strive to live and money couldn't do anything about it.
But I could also be wrong all of this is just my opinion.



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September 13, 2020, 12:31:43 PM
 #44

Bitcoin is a decentralized coin and it has a great value. Some government will use bitcoin as their payment method at the time of world war. But it is sure that bitcoin will lose its price randomly.
That's a simple truth. During the war, things often go worse and bad news always fly across boards which will affect the war zone economy. Bitcoin price during war will surely go red IMHO, even though the internet won't be affected in the process. Another opinion is, the countries that are into war can also have a significant influence on it price. If the country at war adopt it use among it citizens the price must enter dip but if the country is not Bitcoin friendly price will be positive.
Looks like you have a completely different concept of war, if there is a world war there is no doubt that the economy will be in trouble, first any country will try to disrupt is the communication sector and that includes internet and the power grids along with military targets, so if you think that during a war the internet will be working fine, then you are foreseeing a different war altogether  Tongue.

Another misconception is that some country needs to adopt bitcoin, it is the individual investors along with the big financial institutions that determines whether bitcoin can be a safe heaven and not the government.
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September 13, 2020, 01:45:11 PM
 #45

It is quite difficult to predict what will happen to bitcoin in the event of a world war. It should be assumed that there will be, to one degree or another, no Internet access at the site of hostilities, and there may be no electricity, which will make it extremely difficult to use any means of electronic communication, including electronic currencies. Will it rise or fall? Depending on the global nature of the conflict, after all, other countries, in particular, the aggressors will not have problems connecting the network. At the same time, countries suffering from aggression will receive infusions through cryptocurrency, which can increase the price.

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September 13, 2020, 02:04:31 PM
 #46

In a war, the fiat loses its value. I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

First of all you'd have to define how you understand a world war. For instance, in WW2 not all countries were affected. For instance North and South America and Canada were untouched. If they had the ability to run the Internet at that time it would work just like before the war.
Gold used to be the go to store of value because there was no computers and no Internet in the last wars. Now you can have Internet and a Bitcoin wallet in your phone and you don't need every single antenna standing. If you go out of range you can move near a working antenna.

If it happens to be a nuclear war we'll have no need for Bitcoin anymore.

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September 13, 2020, 02:25:09 PM
 #47

If there’s a war my only concern is to survive along with my family, I don’t care much about money if the war begins because its really frustrating to see the world slowly falling apart. Bitcoin can survive because it works digitally, but the unsure thing here is the users of bitcoin either we survive or we suffer.
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September 13, 2020, 05:36:22 PM
 #48

In my opinion, a world war is literally the worst thing that can happen to humanity, with or without bitcoin.

Wars happen because countries can't pay up their debts, so they "pay up" this way. (Again, in my opinion, no misunderstandings)
In a war, the fiat loses its value. I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

History has shown that gold is the money that "reborns" fiat. At least after a war. I would like to read some thoughts.

We don't actually know what could happen to the bitcoin when World War happened but for sure it will have a huge effect on the market and on bitcoin.

In my opinion, at times of war transactions are important since it would be needed to purchase firepower, but not actually sure since there are so many currencies that could be used at this point aside from bitcoin. Money is important if you want to be protected. Or in the times of war bitcoin could easily be useless since most of the time it is all about surviving and it might affect bitcoin market price making it useless in some countries. But I guess it depends on what situation the war would make to the world.
I don`t think it would an advantage for bitcoin when there is a world war. It might be used in purchasing or transacting but probably, economy will fall. As a result, most of the companies will not be able to run. Many businesses will shutdown and cryptocurrency as well as stocks will be affected. In the end, there is no good that world war brings to the world aside from depopulating and fighting the individual rights and wants. Bitcoin will probably fall because investors are fear to trap in a falling world economy.

Still agree with just like what I said we don't know what could actually happen when the world war started, but since bitcoin is a world currency there is still some possibility that bitcoin could be used.

But in my opinion, what's going to happen is everything is going to be a focus on the war, and then every other thing could be useless, that might happened to bitcoin because I think surviving is the most important thing in a war.

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September 13, 2020, 06:11:24 PM
 #49

Interesting discussion, I can't help to write down my comment  Smiley

First should separate world war to the end of the world. Reading some of the comments some look they're writing about the end of the world.

Ok, should focus on a world war. Historically on WW Two the stock market, at least on USA, didn't stop (on WW One it just stoped for 5 months aprox). In fact that was a great time to invest once nazis started to loose. So, Bitcoin as any other asset sure it would continue to operate! Why shouldn't it?

Do you think internet would be in danger? Absolutely not! Without internet probably WW3 would be nonsense. Satellytes, communications, everything would be finished !. So probably the end of internet would mean the end of the war, and the end of society as we know it today. There's a bizarre image on some news when we see on TV rescues of migrants on the Mediterraneum. People starving on a boat, covered by blankets and wearing their mobiles. Nowadays we couldn't live without internet, neither war, neither bitcoin.

Regarding internet probably some governments would censor and/or cut communications. In that case, worst case scenario, we couldn't trade with our bitcoins. But bitcoin would prevail as any other asset. And probably would rocket because of its inherents values. Decentralization, scarcity
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September 13, 2020, 06:27:07 PM
 #50

In my opinion, a world war is literally the worst thing that can happen to humanity, with or without bitcoin.

Wars happen because countries can't pay up their debts, so they "pay up" this way. (Again, in my opinion, no misunderstandings)
In a war, the fiat loses its value. I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

History has shown that gold is the money that "reborns" fiat. At least after a war. I would like to read some thoughts.

World war!!! Do you really think that it is possible to have another world war? Well,if ever it will happen, I think even internet connection will be destroyed and the bitcoin will lost it's value because how can people use it with out internet connection. Also  if ever people will become panic and focus to the world war on how to survive from death then I think they will not give attention to bitcoin.

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September 13, 2020, 08:31:04 PM
 #51

In my opinion, a world war is literally the worst thing that can happen to humanity, with or without bitcoin.

Wars happen because countries can't pay up their debts, so they "pay up" this way. (Again, in my opinion, no misunderstandings)
In a war, the fiat loses its value. I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

History has shown that gold is the money that "reborns" fiat. At least after a war. I would like to read some thoughts.

As we can see from the current situation in Belarus, the Internet can be turned off by one movement. If you are restricted in movement and borders are closed to immigration, then you will not have access to your wallet, and especially to transactions. It is likely that the value of bitcoin will fall significantly, as mining will become very expensive and rare.
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September 13, 2020, 08:49:07 PM
 #52

It is a world war so for sure, the value of bitcoin will fall but as they said it, a war is unlikely, near to impossible to happen especially these days. Bitcoin will surely plummet following the prices in the stock market but I think it will just go back in a certwin time since I think people would prefer to invest on it.

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September 13, 2020, 09:35:09 PM
 #53

Food ,water,clothing,weapons,medicine and place to hide thats the most important thing that will matter for everyone when your
Community is being attacked and Bombed,you will not care for everything but your life,this is the saddest that World war can bring.
But of course there are still people that will accumulate resources like Gold and maybe Bitcoin.
and also yeah there might be a temporary shutdown of transactions but once the war is over?
Bitcoin and cryptocurrencies will return.
Well, this is the nearest answer I ever heard when there is a world war again. People will not think about digital money since perhaps all electrical powers will corrupt including the internet. So, it would be they will more likely money is not important because you cant even exchange this into food if everything was closed due to the war. Bitcoin also perhaps will be affected, you cant even exchange into fiat and I don't think if it will remain valuable into the market, -- no one will perhaps do a transaction during the war. My answer is technically affected.









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September 13, 2020, 09:36:22 PM
 #54

Well! God forbid that we see war, but I know it's just an illustration. If there be war it will take effect on bitcoin if it affects Internet at large. Since Bitcoin bus a digital currency, as long as internet still function and people still have a device to operate in different parts of the world,Bitcoin lives on.if the top officials who are helping in coordinating the smooth progress of bitcoin is affected, I think it may have an effect on the bitcoin for some times but successors will continue from there, I trust.
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September 13, 2020, 09:53:06 PM
 #55

If the World War really happened, the economy would definitely be even more chaotic. And many rich people will try to keep their
wealth in safe assets. And Bitcoin is the right choice as a safe haven when the world war occurs, because Bitcoin prices will be
expensive. Apart from being a safe haven, Bitcoin is also likely to be used as a means of payment. Because its fiat value will
inevitably be destroyed, and many banks will not run, because there is a war going on. So Bitcoin is the best choice for payment,
people will choose to use Bitcoin to buy daily necessities, when the war really happens.

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September 14, 2020, 09:10:41 PM
 #56

It is a world war so for sure, the value of bitcoin will fall but as they said it, a war is unlikely, near to impossible to happen especially these days. Bitcoin will surely plummet following the prices in the stock market but I think it will just go back in a certwin time since I think people would prefer to invest on it.

In general, yes, the price should fall, in the wake of the fall in financial markets and economies of developed countries. However, there is always a chance of a different outcome. For example, whales that hold most of the bitcoins can make certain moves, for example, by provoking a hold on the price and thereby encouraging people to buy bitcoin at an unstable time, and as a result, drop its price as they did before.

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September 15, 2020, 08:26:28 AM
 #57

In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

It is not possible that all countries in the world would be at war so that in countries where there would be peace, people would continue to live their lives normally.

I'll give you an example:

In one of my country's provinces there is war, and if you look at the type of war in my country you would not be able to eat and sleep, war against terrorists Is the worst war that exists!

But even where there is war there is still communication and electricity, nowadays it is so evolved that even if there was war against aliens it would be possible to continue using bitcoin, the world today is different from the first and second world wars, times have changed a lot

In general, yes, the price should fall,

or maybe the price would go up, if we take into account that currently the technology is very advanced, it would not surprise me that in wartime they used bitcoin as a means of payment and I speak of war against aliens, because country war would not be possible to see all countries the world to engage in war

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September 15, 2020, 08:26:40 AM
 #58

The primary targets for countries usually contact centers and major cities. During the world war, almost all economic activity stops, and people seek refuge and go to countries not affected by war. Under such conditions, money doesn't make much sense. What can help them live are Gold, precious stones, diamonds? In this case, I don't think Bitcoin is any good for them.

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September 15, 2020, 12:26:41 PM
 #59

One of the first things a world war, especially in our time, will affect is the Internet. Whole countries will lose internet connection, rendering all currencies exchanged online worthless. But I don't think the blockchain will be damaged in any way since it's in a virtual platform. Its construction will only be delayed, so once the war is over and countries get back on their feet along with the Internet, I'm guessing we'll just have to pick up from where we left. Lucky are those who were able to store their coins in a hardware wallet.
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September 15, 2020, 12:55:08 PM
 #60

World war will be very mush different from all the war we have known, because nations and countries will use nuclear missiles and everything could be wipe out in an instant, there will be hand to hand combat just like the do in world war 1 and world 2 that the effect will be long term it will take years before a nation can get up when it hit by a nuclear missile, Bitcoin will crash because of this.
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September 15, 2020, 01:56:23 PM
 #61

War is not a nice event to  experience but if it does happen i dont think people will be interested to know what is happeniing to bitcoin at that moment surviving will be the main concern of every individual internet connect may or may not be lost,prices will crash, and bitcoin will lose its value
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September 15, 2020, 02:06:41 PM
 #62

War is not a nice event to  experience but if it does happen i dont think people will be interested to know what is happeniing to bitcoin at that moment surviving will be the main concern of every individual internet connect may or may not be lost,prices will crash, and bitcoin will lose its value

That may just be true. And since Bitcoin and the crypto industry is significantly dependent with technology, unless there is an established technology and electricity which is not assured if there is a world war, then it would probably have lesser essence in the lives of enthusiasts during those times.
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September 15, 2020, 03:19:32 PM
 #63

I believe money is essential in the world war because there will be a shortage of foods and other consumer products. So it might affect bitcoin's price or the crypto market that the price would definitely fall down because people would panic sell to provide their needs. I also think cryptocurrencies or virtual money are useless because technologies and an internet connection cannot be used at that time.

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September 15, 2020, 03:47:50 PM
Last edit: September 16, 2020, 01:48:17 AM by Swordsoffreedom
 #64

War is not a nice event to  experience but if it does happen i dont think people will be interested to know what is happeniing to bitcoin at that moment surviving will be the main concern of every individual internet connect may or may not be lost,prices will crash, and bitcoin will lose its value

That may just be true. And since Bitcoin and the crypto industry is significantly dependent with technology, unless there is an established technology and electricity which is not assured if there is a world war, then it would probably have lesser essence in the lives of enthusiasts during those times.

Crypto industry is fully dependent on Internet. If you have not a good internet connection, you cannot buy or sell cryptocurrency properly. If there is a third world war, I don't think internet service will be the same as it is now. Even I think we will lose electricity too. Then our only hope will be fiat money. Cryptocurrency will then have no value.

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September 15, 2020, 03:53:49 PM
 #65

In my perspective, I think the use of the bitcoin will become more useful because right now for the expected world war 3 is all about the technology and innovation right now the country is rapidly increasing and the become dominant is all about technology and there is a chance that the one of the most war is all about the Internet for sure we will assume some intruders will conquer the movement website and secured files that must be hidden to the public.

Except for hacking nuclear weapons and autopilot UAV. How does the bitcoin relate to that? As a payment which is one of the most anonymous transaction

Just my thought.

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September 15, 2020, 03:58:14 PM
 #66


I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.


First of all, Bitcoin is not that weak and it is a completely different currency than fiat money. On a world war, fiat money will take the most of the damage. Because in a situation like that, economy of the countries on war will be affected at a high rate. This will redound on fiat money badly.

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September 15, 2020, 04:37:59 PM
 #67

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?
War if it occurs in all sectors is bad including Bitcoin / crypto etc.

War is the worst thing experienced by all humans, both civilians and opponents of war, the most severe effect is that destruction occurs everywhere, starting from the internet, electricity, and also food.

So, if the internet is down and the electricity is also down, automatically it cannot be used because the effects of war are certain Bitcoin / crypto cannot be accessed by people and cannot be traded, means: all will be destroyed.

R


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September 15, 2020, 05:48:10 PM
 #68

In my opinion, a world war is literally the worst thing that can happen to humanity, with or without bitcoin.

Wars happen because countries can't pay up their debts, so they "pay up" this way. (Again, in my opinion, no misunderstandings)
In a war, the fiat loses its value. I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

History has shown that gold is the money that "reborns" fiat. At least after a war. I would like to read some thoughts.

Having a war is the worst thing that could happen in the world. One thing is for sure if a lot of countries are busy in the war some other unimportant thing is going to be useless at that time. Something like bitcoin would probably be going to be useless. The market value of bitcoin is going to dump in the market with all of the cryptocurrency in the market. In the past months as the war from USA spark, they say that the market price of bitcoin increases because of the war but I don't think that is because of it. In a true world war, I just can't see bitcoin pump its market price at that time.
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September 15, 2020, 06:23:48 PM
 #69

I'm sure nothing will happen to Bitcoin (maybe it will only affect the price)..  world war is a war involving several countries and it is likely that it will not affect cyberspace.  The things that will usually be affected by world wars are currency exchange rates, commodity prices, stock exchanges, and oil prices..

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September 15, 2020, 06:42:13 PM
 #70

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?
War if it occurs in all sectors is bad including Bitcoin / crypto etc.
But the opposite may also happen, if there is a war obviously people will be looking for a thing that can retain the value of their money it's either gold or silver, I'm sure real estate assets will just be a dust after a world war so that would be a not so good idea. And here is the bitcoin, I'm not saying that people are going to demand for it but who knows, bitcoin is already recognized as a new asset class.

War is the worst thing experienced by all humans, both civilians and opponents of war, the most severe effect is that destruction occurs everywhere, starting from the internet, electricity, and also food.
I don't think that the world is ready for war, if it happens in like 3 to 5 years, we are all fucked.

So, if the internet is down and the electricity is also down, automatically it cannot be used because the effects of war are certain Bitcoin / crypto cannot be accessed by people and cannot be traded, means: all will be destroyed.
That could be, but the thing is people won't be using bitcoin when they buy something, let's assume there is a war if you are going to store your money elsewhere, where are you going to place it, Banks? Gold? Silver? hmmm bitcoin?
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September 15, 2020, 09:41:44 PM
 #71

If the internet will still be a thing (which I'm sure it will), BTC can become the most valuable asset. If it gets really dark though, gold might be the new money (or food, in the worst case scenario)
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September 16, 2020, 07:09:20 AM
 #72

This idea is really interesting, in the event of a third world war, the electricity and internet infrastructure will be destroyed in almost all of the world, and these are the things that Bitcoin needs to survive !!
But I doubt that in the event of a world war that the entire internet and electricity network will be destroyed, it must remain operational, but within narrow and small limits, and there must also be countries that are not affected by the war, so I think that Bitcoin will be greatly damaged, but it will not die permanently and it can withstand until the end of the war and the return Electricity and the Internet.
But in the event of a third nuclear world war, it could lead to the almost complete destruction of the planet, and then no one would be interested in Bitcoin because people are only interested in survival by any means.

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September 16, 2020, 03:47:54 PM
 #73

Any country that is talking about war at this time must be a very useless country with a dumb government.

We should be more of making peace and cooperating with other countries than talking about war. And by the way, it’s not just debt that causes war like you have said, it can be things like religion or nationalism, and it can also be as a revenge; if one country does something against the other, just like when the US used a drone to kill an Iranian, such things can lead to war if the other country decides to retaliate.

So, many things can lead to war, and it’s very important that we try as much as possible to avoid them.
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September 16, 2020, 03:58:05 PM
 #74

There wont be another world war. There will be a war between two or three countries but not world war. At worst if that happens then it will be an end of humans because it will be a nuclear war. If miners stops mining the bitcoin then bitcoin will have no value. I hope WW3 wont happen
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September 17, 2020, 12:07:58 AM
 #75

There wont be another world war. There will be a war between two or three countries but not world war. At worst if that happens then it will be an end of humans because it will be a nuclear war. If miners stops mining the bitcoin then bitcoin will have no value. I hope WW3 wont happen

Yes, in the event of a global war with the use of weapons of mass destruction, I think it will be the end of the world and not just Bitcoin.

A world war cannot be predicted, but there is a possibility that it will happen.

As for the power outages, they can be replaced by alternative energy to continue mining Bitcoin, In the event that armies target places of power generation.
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September 17, 2020, 12:30:11 AM
 #76

There wont be another world war. There will be a war between two or three countries but not world war. At worst if that happens then it will be an end of humans because it will be a nuclear war. If miners stops mining the bitcoin then bitcoin will have no value. I hope WW3 wont happen

Yes, in the event of a global war with the use of weapons of mass destruction, I think it will be the end of the world and not just Bitcoin.
World will never end but other country will,because even how destruction created by each side still there will remain alive in the end so
 it is exaggerating to say the end will come.
Quote
A world war cannot be predicted, but there is a possibility that it will happen.
It is not predictable but broadcast,in our time now that the intelligence is available everywhere,surely there will be a leakage in any plans each country has.
Quote
As for the power outages, they can be replaced by alternative energy to continue mining Bitcoin, In the event that armies target places of power generation.
Lol do you think Miners will still mine Bitcoin while they need to save their life and family?
i don't think even you will do such in that time.
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September 17, 2020, 12:30:23 AM
 #77

In my opinion, a world war is literally the worst thing that can happen to humanity, with or without bitcoin.

Wars happen because countries can't pay up their debts, so they "pay up" this way. (Again, in my opinion, no misunderstandings)
In a war, the fiat loses its value. I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

History has shown that gold is the money that "reborns" fiat. At least after a war. I would like to read some thoughts.

A true World War III would mean a huge amount of death and destruction. Far worse then World War II

If 1 or 2 or 3 billion people die and land is laid to waste  btc would falter big time.

A lot would depend on how much damage to how many countries.

Ie would a few big ones be able to not be involved in it.

Say  all of south America  stays out of it.  But most of the other countries have serious damage polluted and not able to live in them. I think BTC might survive.

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September 17, 2020, 12:31:53 AM
 #78

Bitcoin source code is safe in the Antarctic project "vault" so we can easily revived it, although i doubt that the core devs would survive WWIII. In fact, i doubt that humanity could survive it, if it where to happen in this era. Because of the advancement of technology creating more deadly weapons of mass destruction.
That would, stop the progress of Bitcoin and Cryptocurrencies for sure, because it will be inaccessible and rendered useless in wars.

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September 17, 2020, 01:00:13 AM
 #79

In my opinion, a world war is literally the worst thing that can happen to humanity, with or without bitcoin.

Wars happen because countries can't pay up their debts, so they "pay up" this way. (Again, in my opinion, no misunderstandings)
In a war, the fiat loses its value. I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

History has shown that gold is the money that "reborns" fiat. At least after a war. I would like to read some thoughts.
How can you be sure that the internet is okay during the world war? Many satellites will be assigned for defense and reconnaissance. It would be complicated when using bitcoin or other cryptocurrency for a transaction that is not certain whether we are making transactions to other countries. Bitcoin will only be an asset as a store of money because digital currency is very safe, but it is not used for transactions. I think that world war is an unsafe place for the people of a country, we think more about safety than cryptocurrency.

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September 17, 2020, 04:38:15 AM
 #80

At that time, Bitcoin is not my priority.

How I would survive a war should be my priority including my family. I won't be able to check the price at that time since I will be busy keeping updates on what is happening and what might happen. Maybe after securing our safety, I will wonder what happened to it and might reinvest all I have if the price is low since that is a rare situation.
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September 17, 2020, 02:47:45 PM
 #81

If world war happens, crypto will collapse because internet will be badly affected, there is only war between 1 or 2 countries then the fiat pouring into crypto will be huge.
I don't think the scenario would be like that because the internet is not controlled by one person...
the world war that is likely to occur in the future will not make the entire world go to war, only a few will war. and maybe the Bitcoin price will go up instead of down because it's been confirmed that there will be many who secure their assets, Who knows.



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September 17, 2020, 08:51:20 PM
 #82

If world war happens, crypto will collapse because internet will be badly affected, there is only war between 1 or 2 countries then the fiat pouring into crypto will be huge.
I don't think the scenario would be like that because the internet is not controlled by one person...
the world war that is likely to occur in the future will not make the entire world go to war, only a few will war. and maybe the Bitcoin price will go up instead of down because it's been confirmed that there will be many who secure their assets, Who knows.
The first thing come to their mind is destruction when they hear or read about world war. So they ended up of having a conclusion of internet desctruction. It is true that when world war occurs, only few countries will join and some will just take advantage of the current scenario. Value of bitcoin is very unpredictable but it increases when some unusual happens in the world.
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September 18, 2020, 07:25:28 AM
 #83

If world war happens, crypto will collapse because internet will be badly affected, there is only war between 1 or 2 countries then the fiat pouring into crypto will be huge.
I don't think the scenario would be like that because the internet is not controlled by one person...
the world war that is likely to occur in the future will not make the entire world go to war, only a few will war. and maybe the Bitcoin price will go up instead of down because it's been confirmed that there will be many who secure their assets, Who knows.

Every human being always wants peace and only a few people who are ambitious with power who want war, people are fed up with war, people need peace. agree with you the war will not involve many countries but only to the extent that there are internal conflicts in their countries which in the end everyone asks for the involvement of foreign aid which actually worsens the situation.

When it comes to bitcoin it is clear that it has been predicted that next year is the year that bitcoin will contribute a lot to its holders, because bitcoin will continue to increase very well. we are just waiting for the time to see bitcoin increase.

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September 18, 2020, 07:43:46 AM
 #84

If world war happens, crypto will collapse because internet will be badly affected, there is only war between 1 or 2 countries then the fiat pouring into crypto will be huge.
I don't think the scenario would be like that because the internet is not controlled by one person...
the world war that is likely to occur in the future will not make the entire world go to war, only a few will war. and maybe the Bitcoin price will go up instead of down because it's been confirmed that there will be many who secure their assets, Who knows.

Every human being always wants peace and only a few people who are ambitious with power who want war, people are fed up with war, people need peace. agree with you the war will not involve many countries but only to the extent that there are internal conflicts in their countries which in the end everyone asks for the involvement of foreign aid which actually worsens the situation.

When it comes to bitcoin it is clear that it has been predicted that next year is the year that bitcoin will contribute a lot to its holders, because bitcoin will continue to increase very well. we are just waiting for the time to see bitcoin increase.

Because of it anonymous transaction im very sure bitcoin will be used a lot for weapon trade between the terrorist and weapon dealer as bitcoin offer a very safe transaction. I dont if that are good for bitcoin but im thinking if war happen. It will make bitcoin market uprising as there will be a lot of demand on it at the war time.
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September 18, 2020, 10:43:59 AM
 #85

With the number of nodes running to the network today, some speculators said that bitcoin could still survive even if there's a nuclear war. Just with one running node is enough to store all the transactions in the blockchain. But that isn't what we should feared. For me, Bitcoin in world war will be a big thing for transaction of Guns and Weaponry, as there will be no trace for both parties. Also, if the economy declines and most of the currency falls, bitcoin could save the people to still have funds when their fiats are down.
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September 18, 2020, 10:57:14 AM
 #86

With the number of nodes running to the network today, some speculators said that bitcoin could still survive even if there's a nuclear war. Just with one running node is enough to store all the transactions in the blockchain. But that isn't what we should feared. For me, Bitcoin in world war will be a big thing for transaction of Guns and Weaponry, as there will be no trace for both parties. Also, if the economy declines and most of the currency falls, bitcoin could save the people to still have funds when their fiats are down.

One node can run the blockchain, but he can change a lot of things if I'm not mistaken. Like stuff in the source code, no other nodes will notice his changes, so no nodes will understand he is trying to fool them. Also, if there is only one node, then he won't be able to mine the transactions with the current (or even lower) difficulty.

I had not think of that. Yes, bitcoin would be the perfect currency for guns purchasement on a war.

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MCDev
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September 18, 2020, 11:18:31 AM
 #87

No one wants World War 3 to happen, but if it does, I think the price of bitcoin will rise to unprecedented highs. Many people have assets and they want to move it out of the war, and there is no faster and easier method of transferring assets than using bitcoin.


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September 18, 2020, 11:22:24 AM
 #88

Bitcoin is a decentralized coin and it has a great value. Some government will use bitcoin as their payment method at the time of world war. But it is sure that bitcoin will lose its price randomly.
I do not think that bitcoin will depreciate when world war breaks out, otherwise it will have a high price increase. When the world war breaks out, the shipping roads and the currency industries will stall. It's very difficult to bring a ton of gold off the border, but it's easy if you use bitcoin.


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September 18, 2020, 12:05:12 PM
 #89

Bitcoin is a decentralized coin and it has a great value. Some government will use bitcoin as their payment method at the time of world war. But it is sure that bitcoin will lose its price randomly.
I do not think that bitcoin will depreciate when world war breaks out, otherwise it will have a high price increase. When the world war breaks out, the shipping roads and the currency industries will stall. It's very difficult to bring a ton of gold off the border, but it's easy if you use bitcoin.
Don't you think that the Internet will be the First to be targeted When Worldwar begins?because this is the most important part of communication now.
If that happens then what is the sense of Bitcoin or other altcoins?
There will be depreciating that may happen though we don't want to believe this as we are having our Bitcoin in our wallets now.
we don't wanna lose this.
Gold maybe heavy thats why in the old war more golds has been buried that until now people tend to find.









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Mars,           
here we come!
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ElonCoin.org.
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Ucy
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September 18, 2020, 03:37:45 PM
 #90

In my opinion, a well decentralized Bitcoin/crypto will hardly be affected by major crisis as long as people still organize into communities.  They will definitely need some sort of money or medium of exchange without the traditional fiat currencies existing or close to them.
One of the most important ways to use a well decentralized currency without the usual internet  is to use it on a localized internet network and probably print the coins out on things like papers and use them like you would use today's paper currencies. This is not just a theory, it can be done.
Afterall, crisis or even war-like crisis is why decentralized currency like Bitcoin was invented. It's important to make sure it lives up to expectation. And I think it will certainly do, with better decentralization.
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September 18, 2020, 04:15:14 PM
 #91

World war will not only affect the bitcoin currency, but the national currency will also be affected. Nothing will be meaningful except the safety of themselves and their families.

Bitcoin will no longer be a priority or a valuable digital currency when the world war begins again. all systems will hiccup and not start.

But I don't think there will be any more world wars, I hope so.
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September 18, 2020, 05:25:30 PM
 #92

I am also quite interested about it even if I don't like to experience a war but I wonder if it will happen in the future, will the cryptocurrencies can withstand
with it or will it lost it's value.

Because, what if the creators and the supporters of bitcoin and other cryptocurrencies will die then there is a big chance that cryptocurrencies will be left behind or
it will be forgotten if in case the winning nations will not remember about the existence of bitcoin and other cryptocurrencies.
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September 18, 2020, 05:45:53 PM
 #93

World war will not only affect the bitcoin currency, but the national currency will also be affected. Nothing will be meaningful except the safety of themselves and their families.

Bitcoin will no longer be a priority or a valuable digital currency when the world war begins again. all systems will hiccup and not start.

But I don't think there will be any more world wars, I hope so.
Everyone will be affected if a war happens, Even the stock market will be affected. Countries will be battling and I think crypto can benefit from it by using crypto as a money transfer method or payment method since bitcoin is decentralized and I theorized that if a war happens, International money transfers would breakdown. I'm not sure of it but we don't war to happen today and there's no need for it since we are in a modern day.

Of course, there are many possibilities, Cutting of the internet in many countries could make bitcoin life in trouble. There are many possible scenarios but it's better for it not to happen. Casualties will just destory us humans.
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September 19, 2020, 01:11:06 PM
 #94

Bitcoin is a decentralized coin and it has a great value. Some government will use bitcoin as their payment method at the time of world war. But it is sure that bitcoin will lose its price randomly.
I do not think that bitcoin will depreciate when world war breaks out, otherwise it will have a high price increase. When the world war breaks out, the shipping roads and the currency industries will stall. It's very difficult to bring a ton of gold off the border, but it's easy if you use bitcoin.
Don't you think that the Internet will be the First to be targeted When Worldwar begins?because this is the most important part of communication now.
If that happens then what is the sense of Bitcoin or other altcoins?
There will be depreciating that may happen though we don't want to believe this as we are having our Bitcoin in our wallets now.
we don't wanna lose this.
Gold maybe heavy thats why in the old war more golds has been buried that until now people tend to find.
I agree that during war the Internet will be the first target, but the possibility of the Internet being destroyed is almost impossible.
People just need to move away from war and have the Internet, and then they can use their money.


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September 19, 2020, 08:39:56 PM
 #95

If a world war might really happen, I don't think people would think about money or even crypto first because what will matter is how can we survive from all the attacks? Bitcoin can really collapse, even other currencies. But bitcoin will always be there however, you won't be able to use it when you die, so lives matter more I guess. It's just like the previous wars, after it, countries will need a lot of years to recover from it.

I agree with you on this point, during war people don't even have where to stay as they run around looking for a safe place for themselves and family members some even go as far as sacrificing their new born babes because babes cry uncontrollably and keeping such babes can expose them in their various hide out. So at this point Bitcoin will be the last on people's mind, not just that, market places will not be randomly and ready available for one to buy or sell having in mind that you have lots of crypto currency and you can use them. So even if you have enough Bitcoin during war I don't think it will help. If finally there exist a place to purchase goods and maybe you shop online how about the delivery. So world war can reduce the value of Bitcoin.
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September 19, 2020, 08:53:38 PM
 #96

As for me I think during world war Bitcoin will loose its value and its price will go down. This is because the value of anything increases with use. During world war there are so many things that can happen. example things like No source of Electrical power supply and if there is it will be limited and not get to everyone at their disposal, loose of gadgets and devices, No internet access as network service providers will have to shutdown as it's workers will be on the run for safety. And these are facilities required first  before transactions can be carried out with Bitcoin. So the absence of these will lead to Bitcoin low patronage  because there are no means to transact with them and it will seem as if it didn't exist at that time and so it's value will reduce because it can not be used at that time.
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September 23, 2020, 12:26:44 AM
 #97

Maybe if i could sense that there will be a world war coming, I would immediately secure my bitcoins or convert it to fiat/physical money and hide it securely because i believe that when that worst things happen, we need to hide and move from one place to another where we can be safe and i dont think that there will be a stable internet if a world war occurs. Maybe the Governments will shut down some signals to avoid spying from the enemy.
I am not really sure if the value of Bitcoins will collapse but the things that i fear is the signal and internet connection during a war and we cant be able to access it.So its better to convert it to fiat before it happens so we can use it from securing ourselves. But lastly, I pray that this will never happen no matter how hard this crisis is. No one wants a war, so let us just love one another and have peace on Earth.
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September 23, 2020, 01:49:23 AM
 #98

war comes there is no discussion of the economy there is how to save lives, to be more precise, exchanging bitcoins for fiat money and hiding it is a foolish act of no profit because we may not necessarily live.
We survived the war, for example, we could also exchange bitcoins and bitcoins did not disappear even though the price fell, but the important thing was when the war came, we could survive.
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September 23, 2020, 02:05:31 AM
 #99

We don't know if the bitcoin collapse if the war starts but there is a lot of possible to happen maybe the transaction of the bitcoin like buying and buying and selling will stop because money is not important on that day during the war. But war will not happen I think for now and I hope never happened because it will affects more such as economy down and also many lives will die.
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September 23, 2020, 02:06:04 AM
 #100

I agree with you that war is the worst thing that can happen, primarily for the economy.

War would be great for the economy!  It would bring everyone back to work - either fighting or making things to fight with.   It would boost nationalism and morale and lead to faster technological advances.

I have to tell you though, there might never be another conventional or nuclear war.   The first nation to gain space dominance wins all future conflicts, so war becomes unnecessary.   When China (for example) wants to expand their territory to Australia (for example), they just raise the temperature there a degree a week until everyone dies/moves.   Free land!

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October 02, 2020, 01:17:45 PM
 #101

This is really a great post thanks for sharing.

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October 02, 2020, 01:31:19 PM
 #102

In my opinion, a world war is literally the worst thing that can happen to humanity, with or without bitcoin.

Wars happen because countries can't pay up their debts, so they "pay up" this way. (Again, in my opinion, no misunderstandings)
In a war, the fiat loses its value. I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

History has shown that gold is the money that "reborns" fiat. At least after a war. I would like to read some thoughts.

Hmm, the sale of weapons could transacted using bitcoins to provide more anonymity but expect all economic and financial institutions to crash. Cryptocurrencies may be heavily affected especially that there is a potential danger to mining spots for miners, which would result to a decrease on its price.

The effects of war would compel the people to save their resources, thus disrupting the supply and demand. Supplies would be down and prices would increase on the market. Hopefully, a third-world war won't happen.

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October 02, 2020, 03:59:09 PM
 #103

Many countries in the world today are equipped with sophisticated weapons, so it is difficult to say what will happen if world war starts at this moment; There is doubt as to whether the earth survives. When the war starts, people will try to save lives first without worrying about resources, people will be busy with war updates without worrying about bitcoin. But when the world war starts, the whole world economy will collapse, I think the price of cryptocurrency and bitcoin will fall along with it.

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October 02, 2020, 05:39:55 PM
 #104

Gold has a physical reference in the world, bitcoin does not. If the entire Internet is turned off, then Bitcoin will quickly begin to lose value, because those segments of the world where the Internet will still exist will sell it fearing that its price will fall due to the Internet disconnection. In order for bitcoin to develop, a certain level of stability in the world is necessary. World wars will interfere with this.

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October 02, 2020, 06:09:37 PM
 #105

Why think about it now? I hope that the world war will never happen again.
It is okay to think about something that hasn't happened and this can be considered as the anticipation if bad thing happen to the world and it doesn't have to be world war. I also hope that no more world war will occur in the future, we want to live in peace and remain safe in carrying out our activities.

Gold has a physical reference in the world, bitcoin does not. If the entire Internet is turned off, then Bitcoin will quickly begin to lose value, because those segments of the world where the Internet will still exist will sell it fearing that its price will fall due to the Internet disconnection. In order for bitcoin to develop, a certain level of stability in the world is necessary. World wars will interfere with this.
I agree with you, the internet is an intermediary that will connect the entire bitcoin network to all user. Without the internet, bitcoin is just a name and has no value. Meanwhile, world wars can affect the global economy and crises will occur. The stock market collapses and the crypto market will also be affected. I don't think that bitcoin can survive if the world is destroyed by war, and at least it will reduce its value.

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October 02, 2020, 06:13:36 PM
 #106

Why think about it now? I hope that the world war will never happen again.
The history of mankind is, in fact, the history of the war. There are rarely days of peace on earth. Humanity, as practice shows, does not learn from its mistakes. Civilizations alternate and perish one after another. Therefore, the next world war will be. It is important that it does not become the last event for our civilization. The world war will be global in nature and its destruction will have catastrophic consequences. It is even possible that the Internet will disappear and disappear for many millennia. Therefore, in this case, cryptocurrency will simply be forgotten. It is possible that this will not happen. While everything is in our hands.

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October 02, 2020, 06:17:03 PM
 #107

I think Debt can be repaid peacefully with economic measures. However in the unfortunate case of a world war I think Bitcoin price would soar as it is a scarce asset that is not dependent on any government. A decentralized solution for a chaotic centralization. Wink

I don't think Gold will still be a reliable hedge in the Information Age, nor any other precious metals.
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October 02, 2020, 09:51:10 PM
 #108

No body like war, more talk of world war that many people we loose there life, and properties. Hence bitcoin is stored in cloud, which we are know it as a digital assets, where buyers and sellers come from difference county all together. Therefore it will really affect the market...
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October 02, 2020, 10:01:42 PM
 #109

With the pandemic people have come to know better about the humanity and the value of life. Mostly on border issues more countries are with an urge to make war with the opponent. For now everyone might have thought of recovering from the economic fall due to the pandemic. Once again a war will cause even worse situation. Nothing to think of war to happen and the situation of bitcoin by that time.

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October 02, 2020, 11:05:37 PM
 #110

Why think about it now? I hope that the world war will never happen again.
We are all hoping that it won't. But with that news that we're seeing, nations between nations are heating up because of economic ties and territory disputes.
As long the internet is still established and it won't be the collateral if ever it happens although I'm not wishing for it, bitcoin will still be there and it could also be a financial savior for small investors that have held their money on it.

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October 03, 2020, 06:43:14 AM
 #111

If we remember how Bitcoin started then we will know that hardly can anything or anyone alter its growth to such an extent of collapsing, if it's for altcoins it can be possible but for Bitcoin I don't think it is. Yes gold is good and many people will like to store gold during a world war in order to hedge their assets but what assurance do you have that after the war you can still access the gold that belongs to you, what if it's looted? Who will be blamed?
Now on the other hand, the internet is one of such innovations that has come to stay with us because of its ability to connect everyone around the world, now since the internet is suchlike, then accessing your bitcoin will not be a problem. In my own opinion, the chances of people storing their assets in Bitcoin will be high which will even skyrocket the price because they know after all said and done (the war) they can still access it and by that time, there holdings would have grown in price.

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October 03, 2020, 04:23:46 PM
 #112

Why think about it now? I hope that the world war will never happen again.
We are all hoping that it won't. But with that news that we're seeing, nations between nations are heating up because of economic ties and territory disputes.
As long the internet is still established and it won't be the collateral if ever it happens although I'm not wishing for it, bitcoin will still be there and it could also be a financial savior for small investors that have held their money on it.

I think the price can fall.

Since every citizen will sell their coins to help their troops no one gonna takes care of the money all they want to survive from attacks.
Anyways Selling the coins can impact on bitcoin market and price if every person starts selling bitcoin then the supply may decrease and demand decreases.
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October 03, 2020, 08:45:35 PM
 #113

Why think about it now? I hope that the world war will never happen again.
We are all hoping that it won't. But with that news that we're seeing, nations between nations are heating up because of economic ties and territory disputes.
As long the internet is still established and it won't be the collateral if ever it happens although I'm not wishing for it, bitcoin will still be there and it could also be a financial savior for small investors that have held their money on it.

I think the price can fall.

Since every citizen will sell their coins to help their troops no one gonna takes care of the money all they want to survive from attacks.
Anyways Selling the coins can impact on bitcoin market and price if every person starts selling bitcoin then the supply may decrease and demand decreases.
It can happen as long as people who will be affected will still be able to sell. But in the actual situation, I have my what ifs. Yet, still it will land to the idea that the price will fall if everyone don't have any means of surviving but to sell what's left.
And it could be their bitcoin investments.

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October 03, 2020, 09:36:42 PM
 #114

In a war all markets will be affected, Bitcoin will probably go down in price, but it will also be a safe haven, because the world economies will be under control. The only thing is that if there is a war of that style, it could be the case that the electricity is removed, today some designers in Venezuela are working to preserve communication in the Blockchain by taking advantage of radio waves telecommunication, because through satellites it would be a great option, but they would deactivate them, in the waves and radio signals it was different, because they could make transactions without the need for Internet and solving some electricity problems.

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October 03, 2020, 10:23:33 PM
 #115

war comes there is no discussion of the economy there is how to save lives, to be more precise, exchanging bitcoins for fiat money and hiding it is a foolish act of no profit because we may not necessarily live.
We survived the war, for example, we could also exchange bitcoins and bitcoins did not disappear even though the price fell, but the important thing was when the war came, we could survive.

War may come, but it will not be a world war and you can run from a local conflict.

If a real world war strikes it would have to be nuclear and all governments know that a nuclear world could make the planet uninhabitable.

We have our feuds but in the end we all want to live. Expansion or a show of force matters only when you or your kids live to see the change it made.

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October 04, 2020, 01:46:09 AM
 #116

this is very interesting, this is my opinion
Bitcoin will dominate transactions because bitcoin or altcoin has the advantage that is anonymous transactions that will greatly benefit people who take advantage of the world war
this is the moment where the turning point where bitcoin or altcoin is really needed

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October 04, 2020, 03:18:04 AM
 #117

In my opinion, if there is a World War, then Bitcoin will be more useful and needed by many people and the price of Bitcoin will be
even more expensive. Because transactions with fiat will be difficult to happen, because world war usually does not accept foreign
currency transactions. And many banks have stopped operating for security reasons. Because Bitcoin is decentralized, financial
transactions can occur between countries, because Bitcoin no one can control it. And also because Bitcoin transactions are anonymous,
the government can use to buy weapons for war without the enemy knowing. And also for the rich, Bitcoin is the right choice to save
their wealth.

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October 04, 2020, 03:50:23 AM
 #118

Fiat does not immediately loses its value during the war, it is more of a gradual depreciation. Bitcoin will still be useful unless the physical networks where it travels is damaged, maybe post war, that will decide whether there is still value left because the war might have cause nuclear fallout. I think when war happens, bitcoin will be the least thing that I could think of, better focus on surviving because no use, having millions if you can't enjoy it.

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October 04, 2020, 04:29:03 AM
 #119

I think the price can fall.

Since every citizen will sell their coins to help their troops no one gonna takes care of the money all they want to survive from attacks.
Anyways Selling the coins can impact on bitcoin market and price if every person starts selling bitcoin then the supply may decrease and demand decreases.
The price WILL definitely fall. Not because everyone will sell their coin but because once a war will happen, fiat will be useless or it will lose its value. It only means that our coin will be unable to convert to fiat which will lead us to not being able to use it until the end of war.
Such a situation won't prevail, because every country won't be a participant on world war. Maybe the participant countries will experience a massive economic downfall. Upon that there is chance of Bitcoin value going high against the respective fiat and not against every currency. Similar such situation has happened in the past, but those weren't because of war.

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October 04, 2020, 04:45:46 AM
 #120

I think there are several possible scenarios.
1) Bitcoin would become the world wide used medium of exchange.
2) If the internet shut down due to military actions, Bitcoin would die.
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October 04, 2020, 04:50:10 AM
 #121

If world war should happen, God forbid, will you have time for your bitcoin? Everyone including the miners and admins will begin to look for safety. Won't the war destroy the network masts? And when those masts are destroyed internet become distorted and there won't be free movement of network. It's is better there is no world war so we can enjoy our bitcoin in peace.
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October 04, 2020, 04:50:23 AM
 #122

Fiat does not immediately loses its value during the war, it is more of a gradual depreciation.

Correct, even there's incidents like this fiat will continue to depend from how the entire situation inside the country.
the value will take place if the economy is really worsen and it follows  the outcome.

Bitcoin will still be useful unless the physical networks where it travels is damaged, maybe post war, that will decide whether there is still value left because the war might have cause nuclear fallout.

Internet can be damage if the country really being hit by the war, bitcoin may not be useful without it. though the chances
is not really high but possibilities are there.

I think when war happens, bitcoin will be the least thing that I could think of, better focus on surviving because no use, having millions if you can't enjoy it.

I agree to that, surviving is the very first thing that all of us should in mind. Wealth is nothing when you are prone to die on the spot.
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October 05, 2020, 11:36:22 AM
 #123

Guys, don't overthink. You are thinking as if the whole world will be affected, that all 200 countries and territories. If a nuclear holocaust happened there would be places in the pacific ocean, oceania, south america, and africa that will be spared from the madness. And the survivors will simply relocate to those places if they can. The internet would still be existing and bitcoin would still run as there might still be people mining it from the countries that are not affected by a world war.

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October 05, 2020, 12:36:49 PM
 #124

I hope that world war will never happen, because surely the situation will become tense if it happens. What we think about is
the safety of ourselves and our families. Chances are we will forget about Bitcoin. And also during world wars, armed contact
often occurs, which can result in disconnected internet networks. If the internet network is lost, Bitcoin cannot be used. But if
the internet network is not cut off, we can still use Bitcoin to send money between countries that are at war. Meanwhile, fiat is
still used for daily transactions.

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November 24, 2020, 05:01:45 AM
 #125

Hi to all. I accept that we are discussing a world atomic war on the grounds that at the current degree of weapons, a universal war must be atomic. With such a result, mankind will either totally vanish, or fold once more into the "Stone Age" - we will again bring in cash from shells. I believe that in the atomic world battle in several years nobody will recall Bitcoin by any means. I think the heads of the main atomic nations comprehend what they are doing and where they are driving our development.
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November 24, 2020, 08:41:43 AM
 #126

Most probably during the war bitcoin would be forgotten, it's true, but once the war is over economy starts being a priority again, like after world war 2, when people started rebuilding their countries instantly and taking loans from foreigners to have conditions to keep the countries going on. The same could happen after a future hypothetical war. Once the conflict is over people will remember bitcoin and how it can be useful for them on those precarious conditions. Internet would be set up again in large scale and crypto operations would resume. That is what I imagine.

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November 24, 2020, 08:54:41 AM
 #127

The world war starts the country's economy will get worse and it will be difficult to live like an epidemic many will not have the capital to invest in bitcoin the amount of investment in Bitcoin will be greatly reduced. However, no matter how dire the situation is due to the world war when everything is over the use of bitcoin will start to increase many countries will not supply in the next war after the second world War because the war will make the situation of their country worse.

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November 24, 2020, 09:14:45 AM
 #128

Most probably during the war bitcoin would be forgotten, it's true, but once the war is over economy starts being a priority again, like after world war 2, when people started rebuilding their countries instantly and taking loans from foreigners to have conditions to keep the countries going on. The same could happen after a future hypothetical war. Once the conflict is over people will remember bitcoin and how it can be useful for them on those precarious conditions. Internet would be set up again in large scale and crypto operations would resume. That is what I imagine.
it is because people will be in a panic mode and they are going to prioritize thier life/safety but there can be small number of people that will think of what will happen to thier btc becuase they are afraid that they are going to be one of the casualties . they could have traded it or sold it in these last minutes  . dunno if its the loan is the reason why there are world wars but i think its because of power and they want to own to expand their teritories . loaning can be possible to rebuild the economy after wars . i did a research and found out that there is only a tiny chance for the ww3 . i guess our btc are safe
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November 24, 2020, 09:21:46 AM
 #129

If world war really happens( which I hope not) this would really have a big impact specifically in the crypto world, there will be positive results like everyone will use this one as their safe haven, will place or move all of their assets and investment on it. The government could also use it to purchase weapons and such. On the other hand, there will some consequences as well. Since Bitcoin relies upon energy such as electricity the most person will be affected are the miners. There will be lesser transaction made across the world because of disturbance upon an internet connection. Hence, I think the whole cryptocurrencies will drastically decline. So let's not hope for this to happen because I'm pretty sure this will never be like those past world wars.



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November 24, 2020, 09:24:51 AM
 #130

Some experts believe that the World War 3 has already begun. 

At the same time, this time they decided to do without bloodshed.  This is due to the presence of nuclear weapons in many countries.  During the war, civilians hide in bomb shelters.  Similar processes are now taking place.  People are sitting at home.  Some countries have imposed curfews.  The borders are closed.  People have panic.  At the same time, everything is fine with the Internet.  Stock and cryptocurrency exchanges are running smoothly.  There is a redistribution of world capital.  We are seeing the rise of China, which is less affected by the pandemic than other countries. 

The processes that are currently taking place are not yet comprehended.

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November 24, 2020, 10:37:47 AM
 #131

If world war really happens( which I hope not) this would really have a big impact specifically in the crypto world, there will be positive results like everyone will use this one as their safe haven, will place or move all of their assets and investment on it. The government could also use it to purchase weapons and such. On the other hand, there will some consequences as well. Since Bitcoin relies upon energy such as electricity the most person will be affected are the miners. There will be lesser transaction made across the world because of disturbance upon an internet connection. Hence, I think the whole cryptocurrencies will drastically decline. So let's not hope for this to happen because I'm pretty sure this will never be like those past world wars.
My expectation is different from the others because in the history, whenever there is a war; all of the financial markets are crashing one each other where all of the investors are afraid and pulling their money out. Bitcoin is part of the financial instruments and markets that are also prone to crashes, I think that when the world war happen again; most likely the investors will pull their money or they will cash out because they will be afraid wherein they need also cash and for me their withdrawing can be a reason for the bitcoin to go down. There will be also effect on fiat money so I do not also suggest it but in terms of safe haven asset like Gold, it can be a good way to store money there because the probability of losing its value is very low unlike in cryptocurrencies it is so volatile where there are manipulators that can dump the price whenever they want.
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November 24, 2020, 02:38:10 PM
 #132

What will happen anyone can't say at this moment. But I guess there will be a huge loss in the world. The world economy will be destroyed for a period. The digital currency will hamper and its future will hang in uncertainty. And many more can happen but it is not expected for the generation.

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November 24, 2020, 03:21:27 PM
 #133

In my opinion, if there is a World War, then Bitcoin will be more useful and needed by many people and the price of Bitcoin will be
even more expensive. Because transactions with fiat will be difficult to happen, because world war usually does not accept foreign
currency transactions. And many banks have stopped operating for security reasons. Because Bitcoin is decentralized, financial
transactions can occur between countries, because Bitcoin no one can control it. And also because Bitcoin transactions are anonymous,
the government can use to buy weapons for war without the enemy knowing. And also for the rich, Bitcoin is the right choice to save
their wealth.

That would be correct since people would just use Bitcoin as another form of Currency in which you can purchase weapons and protection. Bitcoin would be a useful tool since people would just go around stealing money and if you have an electronic wallet which is hard to penetrate without the credentials of the owner, it would be a secured way of owning money.

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January 09, 2021, 01:56:14 AM
 #134

That would be the most appropriate time hold and utilize bitcoin. If you need to cross a border, you won't be able to take piles of cash or gold. Prices will likely to vary widely in different locales, as borders are shut and the global markets stop functioning.
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January 10, 2021, 08:43:48 AM
 #135

In the event of a world war, everyone will feel fear and just think about how to survive the disaster, bitcoin and other currencies may only be needed for equipment in times of war

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January 10, 2021, 02:03:07 PM
 #136

In my opinion, a world war is literally the worst thing that can happen to humanity, with or without bitcoin.

Wars happen because countries can't pay up their debts, so they "pay up" this way. (Again, in my opinion, no misunderstandings)
In a war, the fiat loses its value. I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

History has shown that gold is the money that "reborns" fiat. At least after a war. I would like to read some thoughts.
In case of a war Bitcoins price will rise maybe because after the war a lot of Bitcoins will be declared as "lost" due to deaths of some hodlers, enthusiasts and traders all over the world. Meaning, supply will become more scarce as tens to hundreds or even millions of people are perished and affected in that situation including whales and institutions that are unable to recover their Bitcoin funds in the same amount. After a war if we ever survive and recover our funds we just need to wait until internet and local exchanges will be restored and use it to start a new life again. Unlike hoarding fiat and precious metal which is life threatening even without war, how much more in the midst of a war.



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January 10, 2021, 05:21:19 PM
 #137

Guys, don't overthink. You are thinking as if the whole world will be affected, that all 200 countries and territories. If a nuclear holocaust happened there would be places in the pacific ocean, oceania, south america, and africa that will be spared from the madness. And the survivors will simply relocate to those places if they can. The internet would still be existing and bitcoin would still run as there might still be people mining it from the countries that are not affected by a world war.
It is difficult to find a year on our planet without a war. Probably such a human nature. In our time of high technology, world war is very easy to ignite. There is now a lot of evidence to support the fact that previous human civilizations had much more advanced technology than we have now. We find descriptions of the use of nuclear weapons and evidence of their use many millennia ago. Each time, humanity has to rebuild almost from scratch. It is possible that after some time the bow and arrows will again become the most formidable weapons. So far, human history has been constantly repeating itself.

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January 10, 2021, 05:59:49 PM
 #138

you're going to be drafted so you can gamble in the trenches

You may be lucky if you're a girl Wink

In a world war not all countries fight. It's called world war because there are conflicts on more than one continent but many people including my grandparents lived through the war without being drafted or having to hide in the basement from bombs. Many countries even in the conflict zones were spared and the front moved far from them.
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January 10, 2021, 06:48:11 PM
 #139

If the world war happen than bitcoin will be most secured way of transaction for government. But if there will any internet connection there. People can save their money in digital wallet .  It will helpfull for sure

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January 13, 2021, 06:37:38 PM
 #140

In my opinion, bitcoin is not affected by world wars because you can buy something anytime you want. whereas you could also transact in between the critical areas, I think it would be more helpful when it comes to financial assets.

that is if your still alive .

 this is world war and world wars are global with destructive weapons involved ex. nuclear and if nuclear hits it will damage everything including signals that is used to access the internet to do bitcoin transaction but if we are dealing with the normal wars that we hear and see in the news that is still possible for us to use bitcoin but wars are still wars and it can threaten people  .

 we shall all wish that there will be no future wars , small or large before wishing anything good in btc and in crypto because they are going to be worthless once we are gone  .
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January 13, 2021, 08:26:27 PM
 #141

In my opinion, a world war is literally the worst thing that can happen to humanity, with or without bitcoin.

Wars happen because countries can't pay up their debts, so they "pay up" this way. (Again, in my opinion, no misunderstandings)
In a war, the fiat loses its value. I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

History has shown that gold is the money that "reborns" fiat. At least after a war. I would like to read some thoughts.

If it comes - this question about BTC will be the latest question in your mind.
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January 13, 2021, 11:14:23 PM
 #142

The bitcoin is made in way that even if half of the miners cannot afford mining, then the difficulty will adjuct as well. So I don't think that transactions will ~never get confirmed.
Thats right bro and i believe the only way bitcoin can be harmed in case of a world war is in term of price because many biycoin holders will sell for fiat to manage the hard economic situations.

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January 13, 2021, 11:20:43 PM
 #143

All will going to stop and bitcoin is not an  exemption. Waslr has a devastating destructive results to all structures, equipment, humanity and etc. So, if there will be war fiat currrency, digital currency and even gold will be useless because humanity will only going to need food. The question is how could we get food we can't even grow it because of war? So, all will going to suffer and die due to hunger. This is what usually happen in the country where domestic war or terrorism are present.
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January 13, 2021, 11:37:33 PM
 #144

I think that in this case, only precious metals will have value in the world, as well as food and water. Obviously, in this situation, there will be interruptions in the Internet, depending on the scale of the war. Thus, many will not be able to use cryptocurrencies, which will lead to a drop in their prices.

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March 18, 2021, 07:06:02 AM
 #145

I think that in this case, only precious metals will have value in the world, as well as food and water. Obviously, in this situation, there will be interruptions in the Internet, depending on the scale of the war. Thus, many will not be able to use cryptocurrencies, which will lead to a drop in their prices.
Even if the Internet persists during the global world war, the cryptocurrency will still cease to have any value. During this period, basic necessities, food and water will have the greatest value. Of course, all this will depend on the scale of destruction and pollution of the environment, and hence the possibility or impossibility of relatively quick restoration of our usual material world.

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March 18, 2021, 11:56:38 AM
 #146

In my opinion, a world war is literally the worst thing that can happen to humanity, with or without bitcoin.

Wars happen because countries can't pay up their debts, so they "pay up" this way. (Again, in my opinion, no misunderstandings)
In a war, the fiat loses its value. I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

History has shown that gold is the money that "reborns" fiat. At least after a war. I would like to read some thoughts.
Although world war - or World War 3 has always had widespread possible dangers, the fact that nations are silently pushing nuclear energy, those are the weapons that will do.  Unimaginable disaster.  There is thought that it could cause the internet infrastructure to crash.  I think that the human life is noticed to escape the war and the mining rate goes bankrupt, bitcoin will be a legacy that will remain after the war and is probably worth 500k $ Smiley)

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March 18, 2021, 01:34:20 PM
 #147

I think bitcoin will be useless if that really happen.

Because everyone will got panic and doesn't care about money anymore.

If im in that position, i can't even think about money.

What can i think did i still alive tomorrow?
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March 18, 2021, 03:23:46 PM
 #148

If there would have a world war then people wouldn't care about the bitcoin and fiat currency, They wouldn't mind money because of being panic and money wouldn't help them to survive when wars happen. So for sure nothing wont happen with bitcoin, the case would be the same, there are a lot of countries and there are many bitcoiners all over the world so two countries having a war wouldn't give huge effects on the value of bitcoin.

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March 18, 2021, 04:49:05 PM
 #149

What will happen is that the bitcoin will remain the same or maybe lose also it's value because the fiat will eventually lose it's value but the bitcoin will remains as bitcoin is in the internet and if there's no internet then no one can access a bitcoin. Another thing is that the price of bitcoin may crash due to the economic problem that is brought by the war as we all know that when a war starts probably the economic of each country that is affected by the war will down and it would also affect the bitcoin.



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March 18, 2021, 05:41:29 PM
 #150

I think bitcoin will be useless if that really happen.

Because everyone will got panic and doesn't care about money anymore.

If im in that position, i can't even think about money.

What can i think did i still alive tomorrow?

In a world war, life is a prerequisite that needs to be ensured, accompanied by the most necessities for life such as food and water, online investments will inevitably be frozen when almost the government will limit internet access so as not to leak secret information. But when things start to recover, Bitcoin will not be useless as the original and its value can skyrocket, so if we earn some bitcoin during a time of war, a very bright smile will appear on our lips in the future, however, this is just a fun example, the chance of world war is very low, the peaceful life is too long, it makes everyone's will not want war.

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March 18, 2021, 05:53:57 PM
 #151

In my opinion both possibilties are equally realistic - it could collapse or skyrocket.
Collapse because it could mean that people would be afraid and try to get more money on their hand and sell bitcoin something like we saw in the crash a year ago.
It could skyrocket because many wallets would be lost , many miners would get destroyed , fiat can lose its value. These all factors could mean that btc would go up.

There are many possible reason that might bring this coin to it's fate, but aside from thinking

what may happened to Bitcoin, come to think of yourself as holders, that's a war and knowing

the impact of this situation, the very chance that you'll not be able to know what will happen

as you might lose your life during the sad events. Just saying..
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March 18, 2021, 09:38:51 PM
 #152

Honestly I also think about this scnerio and things that came in my mind are that infrastructure will be destroyed and we all may lose control of our gadgets. How can I access my bitcoin if my laptop is destroyed and passphrase to restore wallet is stored in the laptop. If such things happen, it will be terrible for all bitcoin hodlers.

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March 19, 2021, 09:26:25 AM
 #153

I don't think a world war can happen. In any case, I do not think that this will be the time for crypto.
If you read the news especially from different sources, you can see how tense the relations between superpowers and rogue nations are one snap is all that it takes for a war to burst out. If ever a war was to break out, I don't think that bitcoin is going to be the first of the things we have to worry because war claims any lives it can get its hands on so your life is the priority more than bitcoin.
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March 19, 2021, 11:07:43 AM
 #154

I don't think a world war can happen. In any case, I do not think that this will be the time for crypto.

You know, the war can be started by a simple miss click on a nuclear rocket control panel. And it is not necessary to launch the rocket, saying a couple of phrases are enough to start the war also. Of course there will be no time for cryptocurrency, but the exchange rate will be affected, I'm 100% in it. While we live in the world, when a single tweet is enough to increase Bitcoin price for several thousands, the war can shake Bitcoin for sure.

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March 19, 2021, 12:10:55 PM
 #155

World war 3 is the only thing which can safe this world. There are just too many humans, most of them are scum/toxic waste. There is a high probability that the person reading this very text right now is scum too.

If you ask me, we should just randomly kill 300 million bums (yes there are that many). That means everytime we see a bum, we’ll just shoot him in the fucking face. This has to
Be government mandated ofc. Think of a proper hounding, not against common animals but bums.
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March 19, 2021, 12:24:54 PM
 #156

I don't think a world war can happen. In any case, I do not think that this will be the time for crypto.
If you read the news especially from different sources, you can see how tense the relations between superpowers and rogue nations are one snap is all that it takes for a war to burst out. If ever a war was to break out, I don't think that bitcoin is going to be the first of the things we have to worry because war claims any lives it can get its hands on so your life is the priority more than bitcoin.

Exactly. We continue to see examples for it. E.g. Biden made a statement about Putin as he is a 'killer'. Even if we don't see a World War in the future, it looks like we will continue to see things like this. And at a World War, I don't think anyone will be able to think about any currencies etc. .
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March 19, 2021, 01:38:10 PM
 #157

I don't think a world war can happen. In any case, I do not think that this will be the time for crypto.
If you read the news especially from different sources, you can see how tense the relations between superpowers and rogue nations are one snap is all that it takes for a war to burst out. If ever a war was to break out, I don't think that bitcoin is going to be the first of the things we have to worry because war claims any lives it can get its hands on so your life is the priority more than bitcoin.

Exactly. We continue to see examples for it. E.g. Biden made a statement about Putin as he is a 'killer'. Even if we don't see a World War in the future, it looks like we will continue to see things like this. And at a World War, I don't think anyone will be able to think about any currencies etc. .

The "world war", even if it happens, which is highly unlikely, won't encompass all the countries the world. Actually, no big war from the past did. There always will be countries with people monitoring the progress with the help of news only. That's where Bitcoin mining will continue, especially because when most miners left it's possible to mine much more BTC with the same equipment.

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March 19, 2021, 01:57:05 PM
 #158

one thing I know for sure is that money is money and will remain money irrespective of what comes or befalls earth. The idea of internet is now beyond earth as it has also been taken to mars/moon by our scientist and all those in the line of space engineering. If war breaks out, it only exists on earth and not on both planets together. private keys will remain the access to those financial portfolios and they can be accessed from just anywhere all you have to consider is to safeguard your private key because even in the abscence of war, A lost private key is a burnt coin!

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March 19, 2021, 05:32:38 PM
 #159

War affects every business, so Bitcoin and cryptocurrency won't be an exemption to this. In war, what every soul think is safety first before fortune. The last thing humanity should thing or wish for is war. My dad and some of elders that witness our country civil war analysis is very terrifying. Over fifty of the end of the war, some of the area have not been fully rebuild.
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March 31, 2022, 11:04:36 AM
 #160

In my opinion, a world war is literally the worst thing that can happen to humanity, with or without bitcoin.

Wars happen because countries can't pay up their debts, so they "pay up" this way. (Again, in my opinion, no misunderstandings)
In a war, the fiat loses its value. I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

Although, think about it for a while. In a world war, the last thing someone has is access to the internet. Would bitcoins lose their value?

History has shown that gold is the money that "reborns" fiat. At least after a war. I would like to read some thoughts.

War is the disagreement between two communities in the national level more Countries in the international level. War is a very bad ominous scenario. In war, things are damaged and spoiled. But mostly things that are in the physical appearance.

Internet is invisible but the router and other devices that transmit network to the end users will be affected. At that time the network will be very weak or there will be no network in some places. Therefore, since Bitcoin is a digital currency not physical currency will be also affected because Bitcoin uses internet for it transactions of buying and selling.

The value of Bitcoin in the war might not reduce but the demand will be very high, because fiat currencies might not be circulated to everyone.. just like what happened in the Civid 19 pandemic. Most of the Banks in the world were shut down and people could not access their money at that time, people went to Bitcoin.

And also, the usege will reduce, because most of the internet facilities will be shut down.
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April 03, 2022, 04:44:18 AM
 #161

Maybe the price would wobble and here is why.
1. Fund.
Funding=Rising or Raising/Support. It means that people would use their bitcoin to fund the war and it would get more valuable which means that the funding can help them to get more weapons for their soldiers.
2. Threats, Loses, & Violence
The most important are Threats and that would effect the Crypto economy and would make the price go down and the price would go down the most and it the price rising would become rarer if this happens a lot. There would also be a lot of violence all across the world and that would make people afraid and there would be a high chance of a market sell-off.


Hopefully there won't be another World War because we are all afraid of nuclear weapons.
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April 03, 2022, 05:07:59 AM
 #162

I don't think a world war can happen. In any case, I do not think that this will be the time for crypto.
If you read the news especially from different sources, you can see how tense the relations between superpowers and rogue nations are one snap is all that it takes for a war to burst out. If ever a war was to break out, I don't think that bitcoin is going to be the first of the things we have to worry because war claims any lives it can get its hands on so your life is the priority more than bitcoin.

World War III will be a war of technology and nuclear, so if it happens it will bring the world back to the stone Age. Everyone's life may not be saved, not many people will survive. So currency and bitcoin or any other asset will no longer be a concern of people. Our lives come first.

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April 03, 2022, 06:01:36 AM
 #163

Two years back this thread has been created. Now we've got the outcome, what happens when there happens a war. Though this isn't a world war, the involvement of majority of the countries have taken place in an indirect manner. We've experienced crash ofethe market and bounce back connected to the war incidents. Through war the usage for which bitcoin is being innovated by Satoshi have come true.

Through the Russia Ukraine war what all have happened.

Increased adoption in the global market.
Acceptance of Bitcoin as donation.
People used bitcoin against the Sanctions.
New trade patterns have got open.
The true need of renewable energy is realised.

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April 03, 2022, 11:41:56 AM
 #164

When a world war happens, the amount of damage it causes to humanity varies, therefore we can expect significant effects on Bitcoin. In the event of a world war, some governments will use bitcoin as a payment option. I'm just assuming that if a world war occurs, people will find methods to exist without money, because what's the use of investing money if you can't cash it out during a chaotic scenario.
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April 03, 2022, 12:06:59 PM
 #165

Very important is that there will should not be a world war because this will disaster for humanity, in this modern age every big country has atomic power so nobody will see Bitcoin after war. Country can ban bitcoin cash out from crypto to fiat to don't have legal use. Most important we should try not to happen world war and bitcoin remain his respect as always.
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April 03, 2022, 01:43:12 PM
 #166

For many of the world's citizen the monetary system has been faulty, as money is often unstable, the supply of which is being used at the behest of governments and central banks.

With bitcoin there is no central authority, it was created as a currency that the people can trust, one that is free from governments and banks, one that is accessible around the world.

More importantly, Satoshi achieved the possibility of a decentralized financial system that will not be affected by future government's policies or geopolitical struggles. As governments may be threatened with market meltdowns, and central banks may be forced to go for inflation, bitcoin will remain the pure form of money, and also a seizure-resistant, policy-independent, long-term store of value. The war between Ukraine and Russia contributed to that narrative.

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April 03, 2022, 01:49:59 PM
 #167

When a world war happens, the amount of damage it causes to humanity varies, therefore we can expect significant effects on Bitcoin. In the event of a world war, some governments will use bitcoin as a payment option. I'm just assuming that if a world war occurs, people will find methods to exist without money, because what's the use of investing money if you can't cash it out during a chaotic scenario.
Bitcoin is now acceptable anywhere in the world, even if the government will intervene, they would think of banning it but the other part of the world would not do that because some countries have already legalized bitcoin.

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April 03, 2022, 01:51:46 PM
 #168

Actually, I believe that, just as fiat currency will lose value during a world war, Bitcoin will do the same. I don't believe Bitcoin would collapse during a world war because, while fiat currency has lost value, it has regained it's worth after a while, and I believe the same will happen with Bitcoin because people fully trust BTC and it has been accepted in many areas throughout the world.

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April 03, 2022, 02:21:18 PM
 #169

Actually, I believe that, just as fiat currency will lose value during a world war, Bitcoin will do the same. I don't believe Bitcoin would collapse during a world war because, while fiat currency has lost value, it has regained it's worth after a while, and I believe the same will happen with Bitcoin because people fully trust BTC and it has been accepted in many areas throughout the world.

That is if there will be another day after the war for us.  I'm sure the war back in Hitler times is different from the war that is coming. Mind you Russia or China and USA are the top player of this war.

They all have nuclear war heads that could melt us all down in less than a day if they all bombard each other from. The clouds will be filled with black clouds and the world will turn dark for weeks to months and we're all homeless while we feel the coldness as the doomsayers are saying. Not sure how true this is but this is horrifying when individuals starts killing each other for food. No BTC will ever be sent when that happen.


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April 03, 2022, 03:29:06 PM
 #170

I'm sick and tired of hearing talks about war, ohh my GOD!!
Bit if one does happens, more like a nuclear war now with nuclear weapons, all of us won't be present to witness the usefulness of Bitcoin.
But then, there will sure be no bank's available to get fiat and the rest, look at the case at Afghanistan, now Russia invasion of Ukraine, bank's are no where to be found, Bitcoin will be use more for transportation, feeding, buying of arms, ammunition, gas etc to fun the war
At the end of the day if the war gets bad for a country, one can Also use Bitcoin to bribe one another.

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April 03, 2022, 07:05:26 PM
 #171

When a world war happens, the amount of damage it causes to humanity varies, therefore we can expect significant effects on Bitcoin. In the event of a world war, some governments will use bitcoin as a payment option. I'm just assuming that if a world war occurs, people will find methods to exist without money, because what's the use of investing money if you can't cash it out during a chaotic scenario.
Yes. The longer the war the more damage it can deal to both the people and to bitcoin but the effect can be both negative and positive because you said governments will use bitcoin which is true, we saw that with Russia and Ukraine last time but before that happens the price will first fall because people might panic sell and people cant buy anymore during the war.

Money is not everything and when there is a war, people will always prioritize their lives first before anything. They can still survive though because there will be food donations that will come later on. The use of investing money is for future use and not really when there is a war because you can't use it yet.

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April 03, 2022, 09:38:01 PM
 #172

the war that occurred between Russia and Ukraine, I think it is not only bitcoin that is affected by the war, even a lot of the world's economy has been paralyzed due to the war between the two countries, especially since Russia is currently embargoing all their natural products with purchases made through foreign currency. Russian money certainly makes countries other ways will experience the same thing as is happening with bitcoin today

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April 03, 2022, 09:56:11 PM
 #173

/cut/
Russian money certainly makes countries other ways will experience the same thing as is happening with bitcoin today

I'm sorry, I don't follow. What is happening with Bitcoin today? What do you mean by that?

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April 03, 2022, 10:12:55 PM
 #174

When a world war happens, the amount of damage it causes to humanity varies, therefore we can expect significant effects on Bitcoin. In the event of a world war, some governments will use bitcoin as a payment option. I'm just assuming that if a world war occurs, people will find methods to exist without money, because what's the use of investing money if you can't cash it out during a chaotic scenario.
Yes. The longer the war the more damage it can deal to both the people and to bitcoin but the effect can be both negative and positive because you said governments will use bitcoin which is true, we saw that with Russia and Ukraine last time but before that happens the price will first fall because people might panic sell and people cant buy anymore during the war.
War always creates an imbalance in the economy and with the people's living conditions. Countries who used to supply weapons used to benefit whereas the buyer goes down. This war we've seen bitcoin being used for acquiring of weapons. When war happens unexpected bitcoin have served as a life saviour for many.
Money is not everything and when there is a war, people will always prioritize their lives first before anything. They can still survive though because there will be food donations that will come later on. The use of investing money is for future use and not really when there is a war because you can't use it yet.
Yes, people's first choice is survival. Even if you're taken as refugee by neighbouring countries you need to have something that secure one's future. This time many have realised and in a recent article read about a student in Ukraine managed to reach neighbouring country with his cryptocurrency holdings saved on an USB.

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April 03, 2022, 11:33:46 PM
 #175

Actually, I believe that, just as fiat currency will lose value during a world war, Bitcoin will do the same. I don't believe Bitcoin would collapse during a world war because, while fiat currency has lost value, it has regained it's worth after a while, and I believe the same will happen with Bitcoin because people fully trust BTC and it has been accepted in many areas throughout the world.
I don't think bitcoin will lose same value of fiat currency during war, why fiat currency will lose value is because is centralized but bitcoin can not lose it value during war because is decentralized currency, digital currencies remain valueless because it can not be controlled

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April 04, 2022, 06:50:36 AM
 #176

as long as there is a war that causes damage to infrastructure especially those related to the internet, bitcoin cannot be used. especially if there are wars in all countries, of course the priority is food and safety for yourself, so as a people, you certainly don't think about assets. Even if they have assets, they will use them to migrate to a safe place or buy food for supplies. at that time it seemed that the main asset was food rather than bitcoin, food became gold

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April 04, 2022, 08:31:48 AM
 #177

In my opinion, a world war is literally the worst thing that can happen to humanity, with or without bitcoin.

This we never pray to reoccur again as the world will be put to ransom and even the bitcoin network will be affected because this is going to be a global crisis, bitcoin has also come to solve part of the problems that might be associated with WW III, aside the US dollars, bitcoin is also the most recognized decentralized digital currency that is not tie to any country or economy barriers.

In a war, the fiat loses its value. I had a discussion with a friend about what could happen to bitcoin in a war. He said that it will surely collapse. I am not so sure about it.

No amount of war can be able to collapse bitcoin into crashing, it can only affect the speculation on it price to run bullish or bearish, by then when every currency is sinking down with drop in value because of the economic situation of their region, Bitcoin tend to maintain it own as it is decentralized, only the mining of bitcoin along some exchanges that will be affected but that will not place a significant impact to it value.

History has shown that gold is the money that "reborns" fiat.

While another history is set to replace that with "bitcoin a gold rush" to effective economy.
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April 04, 2022, 08:28:28 PM
 #178

We could see it sort of right now. I mean it will not do so well at first, because people will want cash at short term problems that is always a thing. You have to remember, investment is something you do for long term, you would want to buy a house, a car, a watch whatever and want to be rich.

But, if there are bombs coming to your city, you do not care about 10 years later, you do not care about lambo, you care about surviving. That only happens with cash and that is why during the short term of it people will cash out and the price will crash. However if it stops quickly, or goes too long, people go back to regular lives and the price will soar again.
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April 20, 2022, 06:54:18 AM
 #179

Actually, I believe that, just as fiat currency will lose value during a world war, Bitcoin will do the same. I don't believe Bitcoin would collapse during a world war because, while fiat currency has lost value, it has regained it's worth after a while, and I believe the same will happen with Bitcoin because people fully trust BTC and it has been accepted in many areas throughout the world.
It depends on the scale of the spread of the world war and the weapons used in it, its destructive power and the duration of the impact on people and infrastructure. The Putin regime is now more and more driven into a corner, so they are already beginning to threaten the use of nuclear weapons in Ukraine. If that happens, NATO has already said it will strike back. When it comes to survival, the cryptocurrency will lose its value as a means of payment. From my own experience, I will say that when Russian soldiers occupied part of Ukraine, the banking system did not work there, only cash was valued. Cryptocurrency was also not used. But if the war intensifies to such an extent that the existence of states becomes threatened, then cash will also lose its value, goods and products of prime necessity will be valued, and they will be exchanged more through barter.

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