Effects of war on bitcoin

[Baoo]

Well, wars have effects on global economy including Bitcoin and generally cryptocurrencies.   For example, when Covid pandemic occurred, the world economic faced a huge crisis  and it was widespread. Similarly to Bitcoin, it has decreased dramatically to $7.3K , same crash  happened to the whole market due to majority of cryptocurrencies are related to Bitcoin that means they are fully decentralized. However, the opposite happened when Russia’s war in Ukraine has began, there was a plenty of countries who faced financial crisis, meanwhile Bitcoin has rose remarkably. In conclusion, the war could be fruitful on Bitcoin or unbenefical.

[GeorgeJohn]

Different countries issues is the reason why bitcoin is suffering price loss, when countries are not at peace with others, the whole nations suffered economic crisis, I remember when the price of bitcoin start going down was same season Russian x Ukraine start economy wars. Bitcoin seem to remained statics because of sentiments by this countries attitude towards the resourceful digital products that would have swim financial hardship.

From my perspective concerning bitcoin downfall, I believe that no country have rise against bitcoin increment and bitcoin decrement, I will say you narrated these base on your personal understanding of bitcoin or cryptocurrency generally, I believe that what is keeping bitcoin to rise or fall is not mainly on speculation rather base on negativity people portray of bitcoin, bitcoin increment will be really makes people who invest in be to be excited while people who carried out negative information when bitcoin is on the state fluctuating or state of  flux is people who is kicking against the development and adoption of bitcoin precisely.

[avp2306]

Most of us believe that if there is a conflict, the price of Bitcoin and other cryptocurrencies will plummet. But that is not true, because in 2020, there is a global pandemic that severely damages our economy, but what happened in Bitcoin that time? Price hikes have caused an abrupt surge in the market, indicating that there is a lot of demand. As you can see from the chart, it reaches an all-time high. As a result, I believe that if there is a war, it may be beneficial or detrimental to crypto.

War is different from the pandemic.  War can destroy infrastructure, pandemics do not.  So in case war erupts globally,  it is obvious that destruction will hinder communication.  when communication is down, it will be hard to do trades so possibly the Bitcoin market may come to a halt. With many lives lost and poverty due to war, it is obvious that Bitcoin will lose its demand since people will be prioritizing their basic needs for survival.  More or less Bitcoin market will be in a decline.

I agree that war is different from pandemic but both can cause economic crisis. If there's a war just like what happened in Ukraine, the internet connection is disrupted and it difficult for them to communicate. So institutions and banks will be having difficulty to trade if there's no internet connection and would affect the market price really hard that could lead to a massive down fall. But the thing is, there is no chance of having a war just like what happened before, in our history. That's why for me, anything that can cause economic crisis can be taken as an advantage for whales and institutions by buying an asset in a very discounted price before it goes up.

Internet connection is very important on cryptocurrency since we cannot do any transaction if connection is off. Knowing how big the effect of the war and for sure internet signals will take long to get fixed if your country will be totally destroyed by the war. For sure bitcoin's economy will face a hard condition since maybe this can create chain effect to other countries and they dump  to. But as said thus is temporary only and maybe other investors on different country will start to accumulate and even if there's no participation on a country affected by war bitcoin will still rise.

Internet as of this time is very important in cryptocurrencies because you can't do any actions with your funds if there's no internet access. However, there are practices already that you can do a transaction without internet connection, and that was tried on Bitcoin. One them are through SMS[1] and Radio Waves[2]. It may be tricky for now but I think we will become familiar with it in the future.

So without any of that all transaction will be on hold and no growth for cryptocurrency will happen at that time. But we are now living on modern ages and once the war is over for sure the infrastructure and other related to communication will be fix first. Government will make it as priority since internet and other signal towers for communication is important for their rehabilitation. Hard to execute that transaction without internet and provably bitcoin users will just wait for internet to comeback before doing any transactions.

[Grasper]

Most of us believe that if there is a conflict, the price of Bitcoin and other cryptocurrencies will plummet. But that is not true, because in 2020, there is a global pandemic that severely damages our economy, but what happened in Bitcoin that time? Price hikes have caused an abrupt surge in the market, indicating that there is a lot of demand. As you can see from the chart, it reaches an all-time high. As a result, I believe that if there is a war, it may be beneficial or detrimental to crypto.

War is different from the pandemic.  War can destroy infrastructure, pandemics do not.  So in case war erupts globally,  it is obvious that destruction will hinder communication.  when communication is down, it will be hard to do trades so possibly the Bitcoin market may come to a halt. With many lives lost and poverty due to war, it is obvious that Bitcoin will lose its demand since people will be prioritizing their basic needs for survival.  More or less Bitcoin market will be in a decline.

I agree that war is different from pandemic but both can cause economic crisis. If there's a war just like what happened in Ukraine, the internet connection is disrupted and it difficult for them to communicate. So institutions and banks will be having difficulty to trade if there's no internet connection and would affect the market price really hard that could lead to a massive down fall. But the thing is, there is no chance of having a war just like what happened before, in our history. That's why for me, anything that can cause economic crisis can be taken as an advantage for whales and institutions by buying an asset in a very discounted price before it goes up.

Internet connection is very important on cryptocurrency since we cannot do any transaction if connection is off. Knowing how big the effect of the war and for sure internet signals will take long to get fixed if your country will be totally destroyed by the war. For sure bitcoin's economy will face a hard condition since maybe this can create chain effect to other countries and they dump  to. But as said thus is temporary only and maybe other investors on different country will start to accumulate and even if there's no participation on a country affected by war bitcoin will still rise.

Internet as of this time is very important in cryptocurrencies because you can't do any actions with your funds if there's no internet access. However, there are practices already that you can do a transaction without internet connection, and that was tried on Bitcoin. One them are through SMS[1] and Radio Waves[2]. It may be tricky for now but I think we will become familiar with it in the future.

So without any of that all transaction will be on hold and no growth for cryptocurrency will happen at that time. But we are now living on modern ages and once the war is over for sure the infrastructure and other related to communication will be fix first. Government will make it as priority since internet and other signal towers for communication is important for their rehabilitation. Hard to execute that transaction without internet and provably bitcoin users will just wait for internet to comeback before doing any transactions.

The modern age will not stop war, it can delay it and war is happening daily, you can see it in Europe, Asia and Africa, it will not stop forever. The war that will affect bitcoin is what we have not seen, the war that can be so affecting will be the war that may involve America or NATO. Cryptocurrency will be affected and may go dark in that kind of war.

But it will not stand still as you think, the war will drive the price unless there is no power or internet to access it.

[Lida93]

Most of us believe that if there is a conflict, the price of Bitcoin and other cryptocurrencies will plummet. But that is not true, because in 2020, there is a global pandemic that severely damages our economy, but what happened in Bitcoin that time? Price hikes have caused an abrupt surge in the market, indicating that there is a lot of demand. As you can see from the chart, it reaches an all-time high. As a result, I believe that if there is a war, it may be beneficial or detrimental to crypto.

In terms of the global pandemic of 2020 that amidst it still bitcoin market surged high like you said, true it did and that's because there was a huge cooperation all over the globe from both international organisations to countries and individuals against a common enemy the COVID-19 but in a war situation the conditions are different on the people. In a situation of a global war bitcoin would not stand a benefiting chance in the sense that respective countries and even individuals also would be pulling out their investment suddenly each to their own welfare and sustainability.

And it's likely that countries that have investment in bitcoin would pull those investment off to use the proceeds to strengthen herself military-wise, while on the other hands individuals would need money to be able to stuck foodstuffs and others needs of sustaining themselves throughout the war period. All of these actions would rather be negative to bitcoin price falling drastically and there's no benefits in that case.

[TheGreatPython]

The world has been facing economy crises, and the Russian and Ukraine war has made it to effect Bitcoin price, during the last Bull Run was dropped as the results of war, actually Bitcoin is gradually growing back, which all eyes is on Bitcoin as number one cryptocurrency digital assets.

I don't see how the Russia-Ukraine war had any effect on the price of Bitcoin knowing none of these two regions are too popular for Bitcoin adoption nor do they have accepted Bitcoin as a legal tender or something, and when something is not even closely related to another thing, I don't see how anything bad or good happening with the first thing can have any negative or positive effect on the other thing.

If Bitcoin was being widely used in Ukraine and then the internet and everything gets disrupted and people stop using Bitcoin all of a sudden or sell everything they had due to the war then that might have affected it, but I don't think anything like that happened.

[riskarcher]

The world has been facing economy crises, and the Russian and Ukraine war has made it to effect Bitcoin price, during the last Bull Run was dropped as the results of war, actually Bitcoin is gradually growing back, which all eyes is on Bitcoin as number one cryptocurrency digital assets.

I don't see how the Russia-Ukraine war had any effect on the price of Bitcoin knowing none of these two regions are too popular for Bitcoin adoption nor do they have accepted Bitcoin as a legal tender or something, and when something is not even closely related to another thing, I don't see how anything bad or good happening with the first thing can have any negative or positive effect on the other thing.

If Bitcoin was being widely used in Ukraine and then the internet and everything gets disrupted and people stop using Bitcoin all of a sudden or sell everything they had due to the war then that might have affected it, but I don't think anything like that happened.

Yes that's true, even something big happened i think bitcoin still survive no matter what happens on this world execpt meteor has coming to destory earth 

We all know the moment of bullrun comes when something happening like covid in 2021. which is bitcoin continue growing with positive vibes at negative issue on this world. reality and crypto is different thing that can't be related to each other because bitcoin is solution as safe asset and not affected by crisis economy. I hope in the next year tren bitcoin will hype again

[serjent05]

Most of us believe that if there is a conflict, the price of Bitcoin and other cryptocurrencies will plummet. But that is not true, because in 2020, there is a global pandemic that severely damages our economy, but what happened in Bitcoin that time? Price hikes have caused an abrupt surge in the market, indicating that there is a lot of demand. As you can see from the chart, it reaches an all-time high. As a result, I believe that if there is a war, it may be beneficial or detrimental to crypto.

In terms of the global pandemic of 2020 that amidst it still bitcoin market surged high like you said, true it did and that's because there was a huge cooperation all over the globe from both international organisations to countries and individuals against a common enemy the COVID-19 but in a war situation the conditions are different on the people. In a situation of a global war bitcoin would not stand a benefiting chance in the sense that respective countries and even individuals also would be pulling out their investment suddenly each to their own welfare and sustainability.
And it's likely that countries that have investment in bitcoin would pull those investment off to use the proceeds to strengthen herself military-wise, while on the other hands individuals would need money to be able to stuck foodstuffs and others needs of sustaining themselves throughout the war period. All of these actions would rather be negative to bitcoin price falling drastically and there's no benefits in that case.

I agree that the case with pandemic is very different from war.  People are shut in their house during the pandemic but the infrastructure are intact and they have continues connection of internent.  People are also exposed to being online since they have more time to browse the internet and learn things that they don't understand.  Besides, people are looking for an alternative income so it is also the possibility why Bitcoin did not crash during the pandemic.  While when there war, the destructive effect of bombing can destroy facilities that may halt the service of internet providers.  If that happen it is obvious that Bitcoin market will be negatively affected.

Ther might be a crisis and a food shortage is very possible.  People instead of putting their money on Bitcoin will rather use it to buy necessities for survival.

The world has been facing economy crises, and the Russian and Ukraine war has made it to effect Bitcoin price, during the last Bull Run was dropped as the results of war, actually Bitcoin is gradually growing back, which all eyes is on Bitcoin as number one cryptocurrency digital assets.

I don't see how the Russia-Ukraine war had any effect on the price of Bitcoin knowing none of these two regions are too popular for Bitcoin adoption nor do they have accepted Bitcoin as a legal tender or something, and when something is not even closely related to another thing, I don't see how anything bad or good happening with the first thing can have any negative or positive effect on the other thing.

If Bitcoin was being widely used in Ukraine and then the internet and everything gets disrupted and people stop using Bitcoin all of a sudden or sell everything they had due to the war then that might have affected it, but I don't think anything like that happened.

Yes that's true, even something big happened i think bitcoin still survive no matter what happens on this world execpt meteor has coming to destory earth 

We all know the moment of bullrun comes when something happening like covid in 2021. which is bitcoin continue growing with positive vibes at negative issue on this world. reality and crypto is different thing that can't be related to each other because bitcoin is solution as safe asset and not affected by crisis economy. I hope in the next year tren bitcoin will hype again

As long as there is a single entity/unit that is mining the chain, Bitcoin will continue to operate even if it is an apocalypse.  Bitcoin operation only stops when all the miners shut down.  Bjut obviously market will behave in a different way.

[lepbagong]

Many economic crises occurred during the time of bitcoin present ranging from covid19 to the war between Russia and Ukraine but there was no major influence on the value of bitcoin, even at a time when the value of bitcoin increased and many people used this opportunity to make ends meet because many workers were laid off at that time, so the ups and downs of bitcoin it depends on the crypto market itself and part of the negative news is about the use of bitcoin to its price  If the news proves to have nothing to do with Bitcoin, then the current war has no effect on Bitcoin's value.

There are always effects that occur from the Covid case and currently Russia's intervention in Ukraine, but if that doesn't affect the world economy, then it's certain that bitcoin won't be affected either. what makes bitcoin clearly affected is the economic crisis which will make it clear that purchasing power will decrease and the impact on bitcoin will certainly be affected, because bitcoin can move up or down due to movements in trades that are indeed active.
but I agree that with the existence of bitcoin, when covid occurred many were affected by work and were helped by trading from bitcoin.

[rybako]

Most of us believe that if there is a conflict, the price of Bitcoin and other cryptocurrencies will plummet. But that is not true, because in 2020, there is a global pandemic that severely damages our economy, but what happened in Bitcoin that time? Price hikes have caused an abrupt surge in the market, indicating that there is a lot of demand. As you can see from the chart, it reaches an all-time high. As a result, I believe that if there is a war, it may be beneficial or detrimental to crypto.

It is hard to know how the majority will react. Also, the price depends on whale action also.