Economic Implications of War on Individuals

[retreat]

War will only bring damage and loss to innocent people. It made many businesses close and made many people miserable. But as ordinary people we can't do anything about it, we can only survive and ensure that we and our families can survive. That's why in difficult conditions like now we have to ensure that we don't spend too much money on things that aren't important and keep our savings and income intact.

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[DrBeer]

I hate wars. I hate conflicts. Both they are almost unavailable. Wars and conflicts disrupts lives. It kills people - men, women, babies. Businesses are shot down. Schools are shot down. Boys become father's and look after their moms and siblings because their father has gone to war. Daughters become mothers and have to care for their siblings because they lose their mothers to war. Children with perfectly normal lives become refugees

Wars and conflicts doesn't give you the time to plan. It happens fast and it happens suddenly. It comes with a huge economic cost. And for us in the cryptocurrency, we are not exempted too. If you are a miner, your mining operation is affected because if you are caught up in the conflict, you have to abandon it and flee so that you do not get killed.

I am deeply saddened by these wars. I am not taking sides because there are human causalities in both sides.

- do you have any survival tips during war period?
- are there any business that I can do during a period of war so as to sustain my family? Can I still budget, save and earn in Bitcoin?
- What is the economic impacts on individuals with families and how do I sustain them during war period.

As a citizen of a country that has been subjected to a terrorist attack by a neighboring state, I can share my experience:
To be clear - I live in Kiev, the capital of Ukraine. My country since 2014 has been waging a forced defensive war against the country of the international terrorist - russia.

If in 2014 it was "far away", since February 2022 Russian terrorist troops have already bombed and shelled Kiev, destroyed the nearest cities and their population.

First thing to do:
- Have a "rescue backpack" for each family member - documents, money (including cryptocurrency media), medicine, and other essentials
- Take women and children to safe places
- help their armed forces/enter territorial defense/wage guerrilla warfare against the aggressor

As a result - your country will resist, defend its right to life, and you will be able to save your own and others' lives and property.

[Davidvictorson]

- War survival tips is to get your family as far away as you can from the front lines. Try to move to a neighboring country.


I can't think of any business that can be done during a period of war. During war money is scarce and people would rather do trade by bater system where they trade an item they have for another item. You cannot budget or save. The goal is to survive and keep your family safe. In fact during that period, your mind automatically goes into self- preservation mode.



- to sustain your family during war, move them very far away from the hot zone. Do all you can to survive.

[JunaidAzizi]

I hate wars. I hate conflicts. Both they are almost unavailable. Wars and conflicts disrupts lives. It kills people - men, women, babies. Businesses are shot down. Schools are shot down. Boys become father's and look after their moms and siblings because their father has gone to war. Daughters become mothers and have to care for their siblings because they lose their mothers to war. Children with perfectly normal lives become refugees

Wars and conflicts doesn't give you the time to plan. It happens fast and it happens suddenly. It comes with a huge economic cost. And for us in the cryptocurrency, we are not exempted too. If you are a miner, your mining operation is affected because if you are caught up in the conflict, you have to abandon it and flee so that you do not get killed.

I am deeply saddened by these wars. I am not taking sides because there are human causalities in both sides.

- do you have any survival tips during war period?
- are there any business that I can do during a period of war so as to sustain my family? Can I still budget, save and earn in Bitcoin?
- What is the economic impacts on individuals with families and how do I sustain them during war period.

The only solution I can see is to take off to some continent as fast as possible. Every time the war doesn't start suddenly there will be a rare case in which the other state did not know about the attack decision of others. Today the world is very advanced and the intelligence of the country informs the country before anyone attacks. The only possible business you can do during the war is to provide Aram and food to the military because the country needs these two very abundant but as an individual it is very difficult. well, it's not appropriate here but just for the understanding I can give you the example of America. In WW1 America sold food and military to Britain, Italy, and Germany, America provided them both and couldn't participate in war yet, and after that America jumped into it. You can do only the two businesses but it is very rîskey to help them in the field

[jasonjm]

- do you have any survival tips during war period?
- are there any business that I can do during a period of war so as to sustain my family? Can I still budget, save and earn in Bitcoin?
- What is the economic impacts on individuals with families and how do I sustain them during war period.

The first thing you can do is to save your money in dollars, gold, Bitcoin, and silver. Whenever there is a war, your local currency will be devalued, and your buying power will be significantly reduced. You can also use Bitcoin as a store of value, and you will have a complete hold of your money. Invest in stocks, real estate, and liquid assets for cash flow. War has a significant negative impact on the lives of the people. Commodities prices will increase along with Oil and Gas prices. The crime rate will increase, and the law and order situation will be badly affected. It is important to relocate to a peaceful country, if possible or try to stay in your home/ shelter as much as possible.

[HONDACD125]

I hate wars. I hate conflicts. Both they are almost unavailable. Wars and conflicts disrupts lives. It kills people - men, women, babies. Businesses are shot down. Schools are shot down. Boys become father's and look after their moms and siblings because their father has gone to war. Daughters become mothers and have to care for their siblings because they lose their mothers to war. Children with perfectly normal lives become refugees

Wars and conflicts doesn't give you the time to plan. It happens fast and it happens suddenly. It comes with a huge economic cost. And for us in the cryptocurrency, we are not exempted too. If you are a miner, your mining operation is affected because if you are caught up in the conflict, you have to abandon it and flee so that you do not get killed.

I am deeply saddened by these wars. I am not taking sides because there are human causalities in both sides.

- do you have any survival tips during war period?
- are there any business that I can do during a period of war so as to sustain my family? Can I still budget, save and earn in Bitcoin?
- What is the economic impacts on individuals with families and how do I sustain them during war period.

Everyone tries to avoid war and conflict. When there is a war, there is destruction everywhere, how can business be done in such a situation? Things that take us years to build are destroyed in moments due to war. Living in war-torn areas, you cannot do any business or sustain your family economically. In war-torn areas, the economic situation worsens and people who are living well are left in a state of extreme poverty. When the business, job, home and area are all destroyed, he has no place to live. People from well-fed families hardly eat two meals a day.I don't think you will earn anything in Bitcoin during war because communication system is destroyed in war.

The solution is to either take all precautions before war. Most people build underground bunkers before war where they can protect themselves and their families during war, and store dry food and medicine. So that you don't face any problem. Otherwise, one has to migrate from the war-torn areas to a safer place to provide economic security to the family.

[DVlog]

War absorbs a country's resources drastically. Most of the resources have been allocated to war efforts which causes the lack of funding for infrastructure development. The overall impact of the war was felt by the poor and middle-class people who lost their jobs and businesses. Most of the time war is initiated due to the selfishness of politicians and bad decisions about the international relations of a country.

[sana54210]

The only solution I can see is to take off to some continent as fast as possible. Every time the war doesn't start suddenly there will be a rare case in which the other state did not know about the attack decision of others. Today the world is very advanced and the intelligence of the country informs the country before anyone attacks. The only possible business you can do during the war is to provide Aram and food to the military because the country needs these two very abundant but as an individual it is very difficult. well, it's not appropriate here but just for the understanding I can give you the example of America. In WW1 America sold food and military to Britain, Italy, and Germany, America provided them both and couldn't participate in war yet, and after that America jumped into it. You can do only the two businesses but it is very rîskey to help them in the field

I would say trying to figure out a way to make profit is not that easy during a war like this. It would be smarter to just keep it online which means that you are going to profit anyway. I mean lets assume that you have a dropshipping business, and it works from anywhere in the world, if there is a war in your nation, you can move to another nation and keep doing it.

If it is a dropshipping product that can be done anywhere in the world, that means the product nation could be attacked too and you would find another manufacturer and just lose a bit of time that's it. So all in all, it is not really impossible to make money if one nation is at war. Truth be told when the whole world goes into war, that will be different because we are going to end up in a different situation.

[Miles2006]

Am also wondering countries experiencing this war how are they surviving and how are they managing. Firstly in times of war everyone is expected to stay save first because life comes first before thinking about the economy and your investment. One thing with humans they will always find a way through no matter the condition.
I watched a video on YouTube yesterday where a little boy was crying that he watched his little nephew got bomb and he was crying seriously I felt very emotional.
So countries experiencing war there economy are at risk, peoples investment such as estate investment and other investments. So if you ask me what to do in time of war I will say you should protect your life first or the best is to change location.

[DrBeer]

War is grief, war is destruction, war is evil. I know it from myself as a resident of Ukraine.

I’ll tell you a little about my vision for the future, or my wishes for the development of the situation.

What is happening in the world now is a “sabbath of terrorists.” It began at the end of the 20th century, when, after the collapse of the USSR, many republics that were part of both the USSR and the Russian Federation (I focus on the form of the state) decided to live independently without a “forced union”.

By the way, let me immediately remind you that there is no manipulation - the RSFSR, which later became the Russian Federation, was one of the first to support and leave the USSR.

After that, as Kremlin propaganda later told us, the Russian Federation began to be attacked by either Ichkeria, Georgia, or Moldova, then in other regions they allegedly persecuted Russian speakers, then they (Russia) defended other independent countries from unknown reasons. As a result of all this, the CAPTURE of foreign territories began. If at the initial stages it was simply creating cesspools under the control of the Kremlin, then after 2022 Russia began to simply CAPTURE and annex ALIEN territories. You will say that this is actually a “local problem of the post-Soviet space.” NO. It was a subtle probing of the world's reaction to terror and lawlessness. The world was SILENT. He was silent when 300,000 civilians of Grozny were killed. He was silent when the herds of the army of terrorists and marauders burst into little Georgia, and so on until the massive invasion of Ukraine in 2022.
The world was silent. Even in March 2022, the world watched in silence.
And this became the same “tacit consent” that in the heads of terrorist regimes gave rise to the idea of “everything is permissible and impunity if you kill, destroy, and ignore all laws and treaties.” But fortunately the world has “woke up”. No, not all of it. Countries for which freedom and democracy are not an empty phrase, and countries that suffered from Soviet Nazism during the USSR, came to the defense of Ukraine.

But the flywheel of impunity was launched a long time ago, and by 2022-2023 the world had accumulated a desire to “flex its muscles” under the condition that other regimes and groups supported by such regimes also have impunity. We know very well who is fueling the fire of a new global war in the Middle East. We see systemic destabilization in Africa. These are not random events, they are a chain of well-correlated and connected actions.

These events have an impact on individuals, peoples, countries, and regions of the world. We are all now becoming hostages to the further development of the situation - either the CIVILIZED world will recognize the real threat of systemic state international terrorism-Nazis (like a cancer), and will take measures, drastic and tough measures to combat this disease, or we will all watch the destruction of the modern world and plunge into chaos, war, extermination of peoples and countries... And the development of the situation depends on each of us - what we will do and which side we will choose.

Let me also remind you that after the defeat and destruction of Nazism and the Third Reich (though not completely, its metastases remained and then turned into RASHISM), the world began to develop peacefully and qualitatively! The Second World War cooled people's heads and gave them several decades of fairly quiet life, without global wars. It is possible that terrorism (RASHISM and other movements) will be destroyed, and the world, having received such experience, will take all measures to avoid repetition and will live and develop peacefully. These are my highest expectations

[Kakmakr]

My advice to you will be to focus on the basic necessities that people need in a War scenario.... namely ==> Food & Drinks. People go into survival mode when there are a war, so I will provide safe shelter for people in need and also food and something to drink. You should not exploit these people with high prices, because you just need to help where you can.

I will also convert my profits into Bitcoin to protect my wealth, because Banks are not safe during a war and trying to hide your wealth in a war torn country is just stupid..... because you will lose everything if you have to flee the country. 

[bitzizzix]

War is a scary thing and will harm many people, especially people's activities in work, business and other activities. Because they will be threatened and very at risk.
And if war was dangerous and unsafe, maybe what I would do is hide or move to a safe place away from the war. And provide as much food and drink as possible for wartime needs, and maybe if I still feel uncomfortable I will immigrate to a safer country during the war.

[flyingcarpet]

- do you have any survival tips during war period?
- are there any business that I can do during a period of war so as to sustain my family? Can I still budget, save and earn in Bitcoin?

Not everyone has the opportunity to emigrate or escape a war zone. That's why it's so bad when innocent people get hurt. Those who suffer the most from war are people who do not have sufficient opportunities.

War negatively affects people and societies in every aspect. Access to basic food and needs is becoming difficult. Having basic food and necessities and being in a safe place are some of the most important things during war.

It is necessary to invest through Bitcoin and not be affected by banks becoming unreachable in a possible bad situation.

[kryptqnick]

I wonder where the op's notion of the war's coming from. I mean, yeah, wars disrupt lives and lead to many deaths, but I'll speak from my experience as a Ukrainian that many fathers are not called up to serve in the war, and as for those that got conscripted or went as volunteers, the main impact of that falls on women, on mothers, and not on their sons. It must be some extremely conservative society for a minor to take the lead in an event of the absence of a father just because he's a boy. Women work, women earn money, women support and protect their children, in times of war more than ever. And when both parents are killed, minors aren't legally allowed to become the legal guardians of their families, so the children are usually taken care of by other relatives or are put for adoption.
Now, to the questions.
The survival tips really depend on where you are, in which role (civilian or military), and how intense the fighting/air attacks are. But what is important is to decide in advance how you'll react to various scenarios, to have basic medical supplies with you at all times, to obtain knowledge of first aid (if you don't already know it), and to learn to remain calm in difficult situations. If you're very close to combat zones, you need to evacuate, even if it means leaving everything behind.
As for business, it really depends on the specifics of the war. In case of Ukraine, tech shops really got a chance to flourish because the demand for power stations, power banks, electricity generator and generally for electronic devices really went up due to blackouts and due to many once again working from home to avoid unnecessary risks. So yeah, of course there are some businesses that can prosper, even though, in general, it's a very stressful time for businesses.
The economic impact is largely negative, but that also depends on what kind of job a person has and can get. So seeing what kind of people are in higher demand and how realistic it is to obtain a new qualification if your current job is suddenly completely irrelevant is desirable.

[TakeItEasy]

I hate wars. I hate conflicts. Both they are almost unavailable. Wars and conflicts disrupts lives. It kills people - men, women, babies. Businesses are shot down. Schools are shot down. Boys become father's and look after their moms and siblings because their father has gone to war. Daughters become mothers and have to care for their siblings because they lose their mothers to war. Children with perfectly normal lives become refugees

Wars and conflicts doesn't give you the time to plan. It happens fast and it happens suddenly. It comes with a huge economic cost. And for us in the cryptocurrency, we are not exempted too. If you are a miner, your mining operation is affected because if you are caught up in the conflict, you have to abandon it and flee so that you do not get killed.

I am deeply saddened by these wars. I am not taking sides because there are human causalities in both sides.

- do you have any survival tips during war period?
- are there any business that I can do during a period of war so as to sustain my family? Can I still budget, save and earn in Bitcoin?
- What is the economic impacts on individuals with families and how do I sustain them during war period.

As most people say you have to go to other countries but I don't think it is a proper solution. For example, if a person didn't have that much money he could go to another country and escape. This will be only better for those who already have businesses in other countries and they have a war in their country, then they should easily escape themselves to other countries and then they should start their business there and live a happy life.

The war badly affects a country and its internal system but I say not only that country in which the war is started but affect those which are their neighbor countries and they didn't make relationships with that country unless or until the war is stopped. Better is invest from the very first after that go where ever the person wants to go and be safe from the war.

[Twentyonepaylots]

We cannot avoid wars, There are some people who have different perspectives, and beliefs in life reason why hard to have unity,

That's true, in order to have unity everyone should have the same point of view, beliefs, culture, political stance, etc. This is why the world could not achieve the unity we all deserve for. What we can do the least is to have peace, even if we do have a lot of differences, if we are able to accept those differences then we can all have peace for the world. No wars and conficts!

It was a hard matter most of the government will support or oppose so they needed to join the war or else becomes a follower. On mine i hope i don't experience this thing in my country.

No one really wants it, especially us the citizens because we are all going to suffer if this happens. But at the same time, government is preserving its peace in its country, every country, any threats to peace in order to any country will surely result to war. Also, government have treaties and agreements in times of war, so even if you're country has nothing to do with the enemy country of your treaty agreed country, you should be an ally and support them during war, which will technically include you in war.

[DrBeer]

Now I’m reading the forum, and another air raid alert has been announced in Kyiv. Another notorious, pathetic, cowardly idiot, hiding in the Kremlin bunker, once again gave the order to attack peaceful cities of Ukraine with IRANIAN drones....

This is what “influence” on people looks like. It contains from 20 to 40 kg of explosives. They are launched into peaceful cities of Ukraine. The targets are residential areas of a peaceful city. This can greatly "affect" both a person and an entire apartment building...

And this is what the Shaheds look like (already shot down), “adapted by Russian crooked engineers of the second army of the world”
Pay attention to the pointer!

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[Bitcoin_people]

There is perhaps no worse thing in this world than war, and I have always hated it. Conflicts like war affect a country in many ways and cause the death of both women, men and children of the country. And what companies, factories, schools, institutions, destroy everything by shooting or grenade attacks due to which the country is completely silent.  Moreover, there is enough pressure on the common people and if the father of a family dies when he goes to war, the family is completely destroyed. War is often an ugly thing to hate where only people die, and what a country suffers economically.

Moreover, if you look at the current wars between Israel and Palestine, our chest trembles. Where the Israeli forces are doing this huge amount of torture on all the people, starting from the Palestinian men and women and children. There are many families who have lost their parents and many families who have lost their little children. They have started a war in such a way that they are destroying a country where the people of the country are supposed to live in peace, the people of Philistine are not even getting food. No place to stay, no food, no water, all the places are in ruins, dead bodies of children are lying in different places. Thousands of children have lost their parents and are living like helpless today. They are facing death due to food starvation. That is why I hate war the most and it is best if there is no war in any country in the world and everyone maintains peace and order.


Photo collect Google & FB

[wajik-tempe]

As most people say you have to go to other countries but I don't think it is a proper solution. For example, if a person didn't have that much money he could go to another country and escape. This will be only better for those who already have businesses in other countries and they have a war in their country, then they should easily escape themselves to other countries and then they should start their business there and live a happy life.

The war badly affects a country and its internal system but I say not only that country in which the war is started but affect those which are their neighbor countries and they didn't make relationships with that country unless or until the war is stopped. Better is invest from the very first after that go where ever the person wants to go and be safe from the war.

While fleeing to other nations may not be an option for everyone during times of war, it is critical to recognize the complicated and far-reaching consequences of battle. To address immediate survival issues, prioritize safety and readiness, which may involve having an emergency plan in place as well as access to vital supplies. Sustaining companies and money in crisis zones can be extremely difficult, but investigating online or remote job options, investing in assets such as Bitcoin, and cooperating with foreign groups for assistance might provide some resilience.

[South Park]

There is perhaps no worse thing in this world than war, and I have always hated it. Conflicts like war affect a country in many ways and cause the death of both women, men and children of the country. And what companies, factories, schools, institutions, destroy everything by shooting or grenade attacks due to which the country is completely silent.  Moreover, there is enough pressure on the common people and if the father of a family dies when he goes to war, the family is completely destroyed. War is often an ugly thing to hate where only people die, and what a country suffers economically.

One of the main issues of war or any destructive behavior is that it is way easier to engage on those behaviors than in doing something constructive, and lets use a smartphone as an example, the amount of technology and skill that went into making such a complex device is impressive, however in order to destroy it you only need to toss it to the ground with all your strength and all of that impressive technology now becomes a piece of junk, and the worst part is that a war will not only have a massive effect now, it will have an effect on the country subject to it for decades, a period long enough for another war to start and for the cycle to keep repeating itself.