This Ukraine issue has me thinking a lot. In a crisis, how valuable is bitcoin?

[evilgreed]

               If you are heavily invested on crypto, then immediately evacuate from the place of war. What's important is the safety of you and your loved ones. Your property will always be there reduced to ashes or not. It should be obvious when a war is about to breakout so at the threat just bolt and think of it as a vacation and decide on the next course of action depending on the circumstances. But if war threat isn't that bad, or if inflation doesn't make things that difficult. Then just diversify assets. The thing with crypto is that it opens a lot of doors and gives a lot of opportunities. The only limit is a person's resourcefulness and ideas.

[Bitstar_coin]

The @op is asking in a situation where the internet is not available and you are not able to do anything with your btc, how you would use the btc,  I would say it is completely useless,  a btc in a wallet without Internet can not help you in times of war when you are forced to evacuate the area.

It is a similar scenario to someone who went into the jungle or in a remote area where there is no Internet, he depends on his btc to exchange for cash but unfortunately, there is no Internet to access his wallet and he has no cash at hand, at that moment the btc is worthless because no Internet to do anything, he will be stranded. Some people are saying have a contingency plan, but there are times when things just happen suddenly without you planning for such situation.

[Leviathan.007]

At the moment when everything goes hard for people we can understand the real value of things like bitcoin, bitcoin could save many of us from the inflation rate which is rising in all over the world and could make many people rich, but these days after the war started between Russia and Ukrine we can understand how important it is to having bitcoins, imagine if we where in Ukrine and the ATMs stopped giving us money also we had no cash money, we could don't any thing and the money we worked for were losing it value everyday, while by only having bitcoins in some hardware wallet we could have our founds this war.

[CaVO32]

The @op is asking in a situation where the internet is not available and you are not able to do anything with your btc, how you would use the btc,  I would say it is completely useless,  a btc in a wallet without Internet can not help you in times of war when you are forced to evacuate the area.

It is a similar scenario to someone who went into the jungle or in a remote area where there is no Internet, he depends on his btc to exchange for cash but unfortunately, there is no Internet to access his wallet and he has no cash at hand, at that moment the btc is worthless because no Internet to do anything, he will be stranded. Some people are saying have a contingency plan, but there are times when things just happen suddenly without you planning for such situation.

I can agree that at that moment presented, btc is useless as you can't do anything about it while there is no internet and your satoshis are in your wallet. But after the war or once you get into a place with internet, that's when you can use your btc and find your options how to encash it to your fiat. It may be worthless for certain cases but bringing your hardware wallet with you along to safety will give you a chance to survive once you are out of the woods.

[playyamy]

It's really too bad for this situation to happen. At that time, I think food is more important to you. Bitcoin without the network is meaningless. In this case, it can only play God to end the war quickly, Takes you where there is internet.

[smartaction]

The internet and cellphone networks then fall down.

How do you intend to use your bitcoin? Is it completely worthless?

Without internet connection it is totally impossible to move your bitcoin or convert your bitcoin or any cryptocurrencys. coz crypto is digital currency and it is totally depend in internet. Without an internet connection your cryptocurrency is completely useless. Now you have only one way to use your btc. you can give your btc holding wallet access to your any trusted friend or Relatives who know how to use bitcoin and to convart btc to fiat money anf Who has internet connection. he-she can convart your btc and give you physical money for fiat money via your local central bank or mobile banking.

[poldanmig]

Assume you must evacuate your house during a wartime situation. You don't have any cash, but it's been depreciated owing to previous occurrences.

You, on the other hand, have your phone, hardware wallet, and seeds. You're in a nice mood.

The internet and cellphone networks then fall down.

How do you intend to use your bitcoin? Is it completely worthless?


_{Seeing a lot of news lately like: https://mycryptoparadise.com/ukraine-suspends-electronic-bank-transactions-following-its-unrest-with-russia/}

In an emergency like that, it's clear that safety, water and food are the main things that we have to pay attention to, while bitcoin and other assets that we have in our wallets of course we can't use because we don't have internet access, but I think we still have to store them properly good because war will not always happen, and when the war is over at least we will have enough capital to start a new life later.

[ropyu1978]

If you are in a conflict zone and it has come to a point where the Internet has been cut off, you should definitely have fiat, preferably in a foreign currency like dollars or euros, which you can spend on transport to get away. Bitcoins are useless in this case, but national currency is even more useless.

Many people also think so, because the impact of war is not only the internet that dies, our lives are also threatened, our lives are never safe, for the time being it's better for you to use fiat currency, for you to make buying and selling transactions, until waiting for the war to end, if you want to use bitcoin, most likely you have to leave a place that is in war, because that is the only way out, but it is very difficult if we go to another country, when our country is in war..

[Gennadiiero]

In times of war, the first thing to do is to ensure your own safety. You can carry cash, but cash also has disadvantages. If your amount is large enough, it will be inconvenient for you to carry it. In times of war, the value of cash will be greatly reduced, and you can choose to exchange it into any currency you want. However, any kind of online money requires traffic, and you still need to reach other countries where the network can be used as soon as possible.

[TheUltraElite]

The internet and cellphone networks then fall down.

Once that happens, bitcoin use is effectively zero until you get access to internet and electricity once again. This is a base problem that any digital mode of transaction will face. There is no offline alternative to this yet. You would rather need hard cash in hand during such times.

Also in war-like situations, bitcoin becomes the least of worries, safety, food, water and shelter become the priority. In countries where bitcoin is already used commonly, they may be able to take advantage of this provided bitcoin price also does not drop due to the same circumstances.

But being honest, I dont see any use of bitcoin in such situations because internet will likely be down.

[Cryptmuster]

I am also in Ukraine and I can say that some of the information reported here is not true. The banking system in Ukraine is still working more or less normally. The hryvnia exchange rate fell very slightly. The National Bank has limited cash withdrawals for one day to the amount of UAH 30,000. It's about one thousand dollars. This is a decent amount and I think that in the current conditions it is normal.
Before sending donations to Ukraine, you need to make sure that the wallets provided are official.
Since I see that the account that provided the public address for donations is almost new, I would not trust him.

I am also from Ukraine, the banking system works, cash withdrawals are available. The situation is difficult, but we are holding on. There are very difficult areas, volunteers try to help everyone who needs it. There are no indifferent people, everyone has rallied as one, they help the refugees give clothes and provisions, there is where to sleep.

[BlackHatCoiner]

you can give your btc holding wallet access to your any trusted friend or Relatives who know how to use bitcoin and to convart btc to fiat money anf Who has internet connection.

Why would you hand out your private keys to your relatives? Why can't you simply access their internet?

But being honest, I dont see any use of bitcoin in such situations because internet will likely be down.

Again, the internet is down when the location is in the process of being conquered. If that's the case, you shouldn't even think of purchasing stuff; you should leave your place the sooner you're able to.

[Sterbens]

The point is the internet, wherever you are, and holds the seed of Bitcoin. So no need to worry when needed it will be easily disbursed. Even when you are in another country. If the position is in a conflict country and the internet is difficult to access, inevitably you will still need fiat. as others have said above, at such times fiat to meet the needs of life plays an important role. Even in times of inflation, if there are no other payment alternatives, a fiat position is needed.

[cabron]

you can give your btc holding wallet access to your any trusted friend or Relatives who know how to use bitcoin and to convart btc to fiat money anf Who has internet connection.

Why would you hand out your private keys to your relatives? Why can't you simply access their internet?

But being honest, I dont see any use of bitcoin in such situations because internet will likely be down.

Again, the internet is down when the location is in the process of being conquered. If that's the case, you shouldn't even think of purchasing stuff; you should leave your place the sooner you're able to.

Anyone in that situation should just walk miles and miles to cross Polland because waiting for ware to be over will kill you of hunger. Seek refuge where there is cell signal.  

Bitcoin will be useless in situations where there is no electricity and no phones. This should be an early sign for us that it could happen in the future to any country that had not experienced war. It's often the energy distribution plan that will be targeted including the cell towers. Bitcoin however will be important for you because you can travel crossing borders without a problem.

[Viscore]

Assume you must evacuate your house during a wartime situation. You don't have any cash, but it's been depreciated owing to previous occurrences.

You, on the other hand, have your phone, hardware wallet, and seeds. You're in a nice mood.

The internet and cellphone networks then fall down.

How do you intend to use your bitcoin? Is it completely worthless?


_{Seeing a lot of news lately like: https://mycryptoparadise.com/ukraine-suspends-electronic-bank-transactions-following-its-unrest-with-russia/}

If it is that so, you dont have any choice but to used your money or fiat to buy your necessities instead of bitcoin. Unless you're  planning to go out on that place, and move to another place where there is an internet and electricity. Bitcoin is still valuable because you can bring it anywhere. It is handy and easy to use. You dont need any documents or ID because it is decentralized.

[yazher]

How do you intend to use your bitcoin? Is it completely worthless?

The good thing about it is when war broke out in your country, and everything is in the chaos that you couldn't even bring some money with you because the looters are all over the place, you have the option to keep it in a wallet and just memorize the phrase seeds and other important details to get it back once it back to normal. You can walk in the city naked pretending to be a homeless man without anything but in reality, you are one of the rich human beings that has kept their assets securely than keeping them in the bank.

[7788bitcoin]

Assume you must evacuate your house during a wartime situation. You don't have any cash, but it's been depreciated owing to previous occurrences.

You, on the other hand, have your phone, hardware wallet, and seeds. You're in a nice mood.

The internet and cellphone networks then fall down.

How do you intend to use your bitcoin? Is it completely worthless?

In a war situation everything changes, it is really sad to see the things that is going on in Ukraine and the circumstance where you are forced to move out of your house and leave everything you built throughout your life is really hard and their banking sector is down as people are left without money and long queues in ATM and in that situation cryptocurrency is the safest bet as you are able to hold your wealth in your own hands and in a volatile situation it is the safest approach.

[blatchcorn]

Well, your bitcoin would be inaccesible since bitcoin requires internet and a mobile phone. You could no longer exchange it for goods and services or physical currencies. The only thing you can do is to move out to another country where there is no conflict in order for you to survive, or just seek some help.

For our daily living we still need fiat. Bitcoin can help in a way that you don't have to carry any cash with you in war zone region. But even if you migrate to other country than converting btc to Fiat will be difficult as you don't have banking facility available in country where you taking asylum.
Bitcoin has its pros and cons in war situation. If you just wanna move your assets to safe location unless the conflict is over then bitcoin is ideal.

[Quidat]

Well, your bitcoin would be inaccesible since bitcoin requires internet and a mobile phone. You could no longer exchange it for goods and services or physical currencies. The only thing you can do is to move out to another country where there is no conflict in order for you to survive, or just seek some help.

For our daily living we still need fiat. Bitcoin can help in a way that you don't have to carry any cash with you in war zone region. But even if you migrate to other country than converting btc to Fiat will be difficult as you don't have banking facility available in country where you taking asylum.
Bitcoin has its pros and cons in war situation. If you just wanna move your assets to safe location unless the conflict is over then bitcoin is ideal.

the safest thing is to move assets in bitcoin during a war situation like this. even though in a war situation there is no internet network, but when the war is over and the infrastructure can be used, then we can access it again as long as we still keep the key phrase. Of course it will be very difficult if in a war situation, I think the most important thing is to meet the needs of food

In times of war then you would really be mainly thinking on where you would be securing your assets from fiat to crypto because you would already projecting out on what would be the possible
things to happen but pretty much sure that majority of citizens havent able to set such thing neither they dont know about bitcoin/crypto or simply cant just afford on making such step
minding that it might really be that risky to do so or arent that sure.Of course you would really be minding first about your survival which you would be assuring priorities.

[BitcoinsGreat]

Assume you must evacuate your house during a wartime situation. You don't have any cash, but it's been depreciated owing to previous occurrences.

You, on the other hand, have your phone, hardware wallet, and seeds. You're in a nice mood.

The internet and cellphone networks then fall down.

How do you intend to use your bitcoin? Is it completely worthless?

You leave your house, the bank did not work and you have just a worthless cash in your hand, but the major portion of your saving is in bitcoin.
Even if there is no internet at your location, you can move to another country and still live because you will get internet in other places. Having bitcoin is useful but first thing is that you must save your life from this war situation.