Ale88
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April 16, 2024, 12:12:54 AM |
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Let's compare it to the situations Ukrainians found themselves in. They needed to flee the country, but there was a chance border guards would steal their money if they found them carrying a lot. The same would happen if they were found carrying a bag of gold. If they happened to enter the EU, they wouldn't be able to fly anywhere because you cannot carry a lot of cash and valuables like gold, jewelry, including watches, and cash. AFAIK the legal limit is somewhere around 20k EUR. So, in a situation where you have to migrate with a lot of money, bitcoin is the obvious choice.
If I remember correctly, in the European Union you can travel with up to 10k euro without declaring the money; if you have more than 10k euro with you, you can still travel but you are require to declare the money, if you don't and they discover you, the money will probably be confiscated until when your position is clarified. I think in the USA is pretty much the same but instead of 10k euro is $10k. But as I previously said, we're talking about declaring the money, not as a maximum limit you are allowed to bring with you.
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Muchiratsky
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April 16, 2024, 01:04:56 AM |
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Let's compare it to the situations Ukrainians found themselves in. They needed to flee the country, but there was a chance border guards would steal their money if they found them carrying a lot. The same would happen if they were found carrying a bag of gold. If they happened to enter the EU, they wouldn't be able to fly anywhere because you cannot carry a lot of cash and valuables like gold, jewelry, including watches, and cash. AFAIK the legal limit is somewhere around 20k EUR. So, in a situation where you have to migrate with a lot of money, bitcoin is the obvious choice.
If I remember correctly, in the European Union you can travel with up to 10k euro without declaring the money; if you have more than 10k euro with you, you can still travel but you are require to declare the money, if you don't and they discover you, the money will probably be confiscated until when your position is clarified. I think in the USA is pretty much the same but instead of 10k euro is $10k. But as I previously said, we're talking about declaring the money, not as a maximum limit you are allowed to bring with you. The thing is, a WW3 scenario would bring out desperation and physical assets would likely be overlooked. Aside from Ukraine, try to look back at the wealthy jews during WW2. Not many of them survived as well. Money didn't get them salvation. In case of a nuke warefare, both fiat, gold, and crypto would be less important where you can't exchange them for more essential things. Everyone loses. But fiat and gold did get through two world wars and though it's going to be a lot worse, these assets will also survive a third one. Crypto, which isn't really a physical aspect may or may not.
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Fundamentals Of
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April 16, 2024, 01:36:13 AM |
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Bitcoin is honest money. And that's whether governments allow it or not. Bitcoin is ruled by codes. It isn't ruled by people, by governments. The honesty of Bitcoin comes from this. Bitcoin does not have ulterior motives, selfish interests, etc. It can't hide anything like that in its code because it is open source. It's transparent. Unlike Bitcoin, governments are always run by motives which are beyond the knowledge of the public.
I think it is a hedge against hyperinflation mainly because it doesn't have an infinite supply. Unlike fiat that is unlimited, Bitcoin cannot go beyond the maximum supply allowed by the codes.
I hope world war 3 isn't coming. But if it comes, fiat will weaken. So I expect Bitcoin to soar.
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YUriy1991
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April 16, 2024, 01:53:27 AM |
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Indeed, when there was investor interest in switching to safer assets like gold, this was due to the general view of having political stability, strong economics because we both know digital currencies are generally always related to the internet and during wars these facilities are always targeted so that it certainly affects crypto trading more or less and certainly the regulations applied are very strict to crypto.
For BTC, it is not a person who is able to correctly ascertain where the real-time price movement is going whether during the WWIII or not and the event may be beyond people's expectations during the war and it could be that when the price of gold rises high, the price of BTC can also rise higher than the price of gold.
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Smack That Ace
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April 16, 2024, 01:55:56 PM |
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Let's compare it to the situations Ukrainians found themselves in. They needed to flee the country, but there was a chance border guards would steal their money if they found them carrying a lot. The same would happen if they were found carrying a bag of gold. If they happened to enter the EU, they wouldn't be able to fly anywhere because you cannot carry a lot of cash and valuables like gold, jewelry, including watches, and cash. AFAIK the legal limit is somewhere around 20k EUR. So, in a situation where you have to migrate with a lot of money, bitcoin is the obvious choice.
If I remember correctly, in the European Union you can travel with up to 10k euro without declaring the money; if you have more than 10k euro with you, you can still travel but you are require to declare the money, if you don't and they discover you, the money will probably be confiscated until when your position is clarified. I think in the USA is pretty much the same but instead of 10k euro is $10k. But as I previously said, we're talking about declaring the money, not as a maximum limit you are allowed to bring with you. The thing is, a WW3 scenario would bring out desperation and physical assets would likely be overlooked. Aside from Ukraine, try to look back at the wealthy jews during WW2. Not many of them survived as well. Money didn't get them salvation. In case of a nuke warefare, both fiat, gold, and crypto would be less important where you can't exchange them for more essential things. Everyone loses. But fiat and gold did get through two world wars and though it's going to be a lot worse, these assets will also survive a third one. Crypto, which isn't really a physical aspect may or may not. It would be too lame to compare the ongoing war in Ukraine with World War 3 if it really happened. Yes, if World War 3 happens then everyone will lose, no matter how much bitcoin or gold you own, but if you can't exchange it for food or safety then you will also lose. To be fair, gold and fiat currencies have existed and survived the previous two world wars so it can be said that they will continue to be an option if a third world war occurs. As for bitcoin, it has never experienced anything like this so whether it is useful or continues to exist is a question mark. None of us know in advance what will happen, don't try to guess and exaggerate too much.
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coolcoinz
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April 16, 2024, 07:28:45 PM |
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The thing is, a WW3 scenario would bring out desperation and physical assets would likely be overlooked. Aside from Ukraine, try to look back at the wealthy jews during WW2. Not many of them survived as well. Money didn't get them salvation. In case of a nuke warefare, both fiat, gold, and crypto would be less important where you can't exchange them for more essential things. Everyone loses. But fiat and gold did get through two world wars and though it's going to be a lot worse, these assets will also survive a third one. Crypto, which isn't really a physical aspect may or may not.
In WW2 they weren't overlooked. Do you remember what Hitler was doing in occupied countries? There even was a special division of the military that was supposed to gather art, gold and jewels from all around the world and bring it to Germany. Recently it was mentioned in a very well made series All the Light We Cannot See. The jewel the Germans were looking for in France never existed, but the way they searched through museums and packed everything on trains was. The thing is, some of you think of a nuclear war when someone asks you about WW3, but it doesn't have to be a nuclear conflict. In a nuclear war we'll probably face extinction, but in a conventional one you can expect normal trading to continue. You will still have Internet access, be able to watch the news on TV, just like people in WW2 had newspapers and radios. The media kept functioning throughout the war.
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passwordnow
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April 16, 2024, 07:30:31 PM |
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In all cases, with or without war, there is nothing to fear.
If you're prepared, you have nothing to fear but with all of the incidents that are happening there's always a domino effect with it. When the start of Russia and Ukraine has started, the price of oil has increased. Now with Iran and Israel, I'm expecting the same thing. And for someone who has been holding a lot of gold, the only worry is if that person or his vault is located near to the warzone but if it not then there's nothing to worry about. And as for a Bitcoin holder, there's also nothing to worry about as we're not going to have any problem about how we safekeep our holdings because if you're holding it on a noncustodial wallet, you have your seed phrase. But I also get the idea of keeping it on an exchange but you might have problem based on your citizenship as there could be some bias from that exchange whichever they are supporting and they might lock your funds.But why would you think of storing bitcoins on centralized exchanges when you can store them in non-custodial wallets? I don't understand and that means you're setting yourself up for trouble that you can't foresee. Do you remember when the war between Russia and Ukraine took place, Binance and several exchanges banned Russian users from using their platforms? It is not a wise decision if you are a citizen of two countries at war, and storing bitcoins on centralized exchanges is not a good idea even if you are an investor normal because of CEX's unpredictable risks. I am just telling that I get the idea of it and understand those that are keeping it there for some reasons. But as I've said, it's not recommended at all. I haven't been into any war and I am fortunate with that but you don't know what really happens when it comes and all of your stuff are destroyed including your hardware wallets, your seed phrases and back ups but of course you've got to pack and wrap them up as the war startles. You'll never know and that's I am getting the idea when people tell that they might just put it there but for me, I'd always secure it on my hands and about the verification of the nationalities, I remember it when the war has happened and as you've mentioned Binance, they've airdropped to Ukrainian users.
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Reatim
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April 16, 2024, 07:54:55 PM |
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While bitcoin is not a hedge against inflation, gold is. The goldprice has a long history of soaring when the monetary system fails. I have never seen the goldprice crash in times of war, but correct me if I am wrong. During WWII, the gold price doubled.
Gold’s value is dependent on its supply and the ability of miners to extract it. Imagine there is a war, of course no one can work and mine gold which will result in higher prices. We all knew that bitcoin is a volatile investment because it is decentralized and there is no one allowed to tweak the prices as they want if things don’t work the way they want to.
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eightdots
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April 16, 2024, 10:28:50 PM |
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While bitcoin is not a hedge against inflation, gold is. The goldprice has a long history of soaring when the monetary system fails. I have never seen the goldprice crash in times of war, but correct me if I am wrong. During WWII, the gold price doubled.
If the scenario for the coming months and years is that we are heading into WWIII, and I truly believe that we will, what is your investment strategy for crypto? In times of heavy monetary inflation/ war threats I expected the BTC price to soar, just like gold soars. In reality what we have seen is that BTC crashes hard and precious metals soar.
I think I should sell my assets prior to a major war, and buy in after the crash While some take risks in possible scenarios, others prefer investments that they consider to be guaranteed. In both cases, investors act of their own free will. In such situations, there are those who choose between gold and Bitcoin, and there are those who invest in both. In a possible war, as you said, precious metals may be the first choice for investment, but Bitcoin's high return chance may cause people to turn to Bitcoin for investment. It is known that Bitcoin has a place in the world market. Therefore, it will always exist as an investment tool. I am generally against comparing gold and Bitcoin, both are good investment instruments.
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WeThePe0ple (OP)
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April 19, 2024, 01:51:09 PM |
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While bitcoin is not a hedge against inflation, gold is. The goldprice has a long history of soaring when the monetary system fails. I have never seen the goldprice crash in times of war, but correct me if I am wrong. During WWII, the gold price doubled.
If the scenario for the coming months and years is that we are heading into WWIII, and I truly believe that we will, what is your investment strategy for crypto? In times of heavy monetary inflation/ war threats I expected the BTC price to soar, just like gold soars. In reality what we have seen is that BTC crashes hard and precious metals soar.
I think I should sell my assets prior to a major war, and buy in after the crash While some take risks in possible scenarios, others prefer investments that they consider to be guaranteed. In both cases, investors act of their own free will. In such situations, there are those who choose between gold and Bitcoin, and there are those who invest in both. In a possible war, as you said, precious metals may be the first choice for investment, but Bitcoin's high return chance may cause people to turn to Bitcoin for investment. It is known that Bitcoin has a place in the world market. Therefore, it will always exist as an investment tool. I am generally against comparing gold and Bitcoin, both are good investment instruments. When war really escalates, gold will be extremely hard to get by. Bitcoin will not be. I hope this will be a catalyst for the BTC price. Same thing for the launch of central bank digital currencies. When people learn that a government can shut down their access to money, tax the hell out of it, people will run to alternatives like bitcoin.
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Bravut
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April 19, 2024, 07:35:28 PM |
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While bitcoin is not a hedge against inflation, gold is. The goldprice has a long history of soaring when the monetary system fails. I have never seen the goldprice crash in times of war, but correct me if I am wrong. During WWII, the gold price doubled.
If the scenario for the coming months and years is that we are heading into WWIII, and I truly believe that we will, what is your investment strategy for crypto? In times of heavy monetary inflation/ war threats I expected the BTC price to soar, just like gold soars. In reality what we have seen is that BTC crashes hard and precious metals soar.
I think I should sell my assets prior to a major war, and buy in after the crash While some take risks in possible scenarios, others prefer investments that they consider to be guaranteed. In both cases, investors act of their own free will. In such situations, there are those who choose between gold and Bitcoin, and there are those who invest in both. In a possible war, as you said, precious metals may be the first choice for investment, but Bitcoin's high return chance may cause people to turn to Bitcoin for investment. It is known that Bitcoin has a place in the world market. Therefore, it will always exist as an investment tool. I am generally against comparing gold and Bitcoin, both are good investment instruments. When war really escalates, gold will be extremely hard to get by. Bitcoin will not be. I hope this will be a catalyst for the BTC price. Same thing for the launch of central bank digital currencies. When people learn that a government can shut down their access to money, tax the hell out of it, people will run to alternatives like bitcoin. Bitcoin hasn't attained the level of gold when it comes to global economy in the case of time present in the global market. People still invest in gold more, bitcoin is evolving the sysytem now, some old folks still don't believe in bitcoin investment, well as government entities liquidating there resources to Gold during major wars. Bitcoin is still in a progressive stage, and for me i will go for both. Making decisions will be based on each individual perception as both gold and Bitcoin have proven to be better investment option.
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Mame89
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April 20, 2024, 08:38:17 AM |
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While bitcoin is not a hedge against inflation, gold is. The goldprice has a long history of soaring when the monetary system fails. I have never seen the goldprice crash in times of war, but correct me if I am wrong. During WWII, the gold price doubled.
Indeed, gold has a long history in human civilization and is a hedge, but make no mistake, bitcoin is now also the best hedge after gold. So it is very wrong to say that bitcoin is not a hedging tool when there is war or when there is inflation. In a decade, bitcoin has proven that it is the best hedge. Apart from that, bitcoin is better than gold because during a world war carrying gold will be a problem because of its weight and so on. This is different from bitcoin. We only need to carry a digital wallet that can be carried easily and protected. Even if there is a world war that causes the internet and electricity to go out, after the war occurs and everything can return to normal it can be accessed again because the store of value will always remain on the blockchain until it is transferred because the Bitcoin blockchain ledger cannot be removed from the internet.
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jrrsparkles
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Eloncoin.org - Mars, here we come!
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April 20, 2024, 03:50:40 PM |
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Now people will be interested in staking the resources for survival not really the assets so if we ever be in WW3 the prices of food products will soar to high than ever before and people will be ready to sell anything they have to avoid being starved. Bitcoin is good choice irrespective of war threats so you can even gain value if we live in absolute peace.
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▄▄████████▄▄ ▄▄████████████████▄▄ ▄██████████████████████▄ ▄█████████████████████████▄ ▄███████████████████████████▄
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| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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dkbit98
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April 20, 2024, 05:09:01 PM |
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In hypothetical WWIII scenario most of the things we think are valuable today could become worthless, especially in case if there is no standard flow of electricity and internet connection. Gold would probably still have better value in the beginning, but price of food and essentials would skyrocket. We can't compare today situation with WWII and earlier wars because there was no internet and no bitcoin.
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Ale88
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April 20, 2024, 05:44:09 PM |
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Let's compare it to the situations Ukrainians found themselves in. They needed to flee the country, but there was a chance border guards would steal their money if they found them carrying a lot. The same would happen if they were found carrying a bag of gold. If they happened to enter the EU, they wouldn't be able to fly anywhere because you cannot carry a lot of cash and valuables like gold, jewelry, including watches, and cash. AFAIK the legal limit is somewhere around 20k EUR. So, in a situation where you have to migrate with a lot of money, bitcoin is the obvious choice.
If I remember correctly, in the European Union you can travel with up to 10k euro without declaring the money; if you have more than 10k euro with you, you can still travel but you are require to declare the money, if you don't and they discover you, the money will probably be confiscated until when your position is clarified. I think in the USA is pretty much the same but instead of 10k euro is $10k. But as I previously said, we're talking about declaring the money, not as a maximum limit you are allowed to bring with you. The thing is, a WW3 scenario would bring out desperation and physical assets would likely be overlooked. Aside from Ukraine, try to look back at the wealthy jews during WW2. Not many of them survived as well. Money didn't get them salvation. In case of a nuke warefare, both fiat, gold, and crypto would be less important where you can't exchange them for more essential things. Everyone loses. But fiat and gold did get through two world wars and though it's going to be a lot worse, these assets will also survive a third one. Crypto, which isn't really a physical aspect may or may not. I don't think we can somehow compare what happened in WWII with what could happen in a hypothetical WWIII because we live in a completely different world now: if today a country launches a nuclear attack then there is a high probability that we are going to have a chain reaction from the allies of the countries involved, and this would turn into a way bigger world war. At that point gold, cash, crypto, everything would be useless, the only thing that will matter is finding a way to survive.
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johnsaributua
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April 20, 2024, 10:05:14 PM |
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From a physical point of view, if you have gold worth 1 bitcoin, how much luggage you have to prepare, it doesn't matter if it's in normal conditions, but imagine when there is a war, of course a mobile phone is the only device that is easy to carry besides a few pieces of clothing in times of emergency. I agree that bitcoin is the right asset that can complement the downturn of inflation in an area and lead to fair decentralisation. Warfare is not justified but until now there is still this path being used.
Bitcoin for me is a good asset, especially personal as I feel, including its liquidity is very good. People who store bitcoin anywhere and anytime for me will not starve even for a few pieces of bread, wheat and other staples. Because food is the main thing of the main thing. I agree that bitcoin can be accepted even though there is a separate scenario when conditions are urgent.
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Kesenangan
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AmoreJaz
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Leading Crypto Sports Betting & Casino Platform
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April 20, 2024, 11:40:33 PM |
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From a physical point of view, if you have gold worth 1 bitcoin, how much luggage you have to prepare, it doesn't matter if it's in normal conditions, but imagine when there is a war, of course a mobile phone is the only device that is easy to carry besides a few pieces of clothing in times of emergency. I agree that bitcoin is the right asset that can complement the downturn of inflation in an area and lead to fair decentralisation. Warfare is not justified but until now there is still this path being used.
Bitcoin for me is a good asset, especially personal as I feel, including its liquidity is very good. People who store bitcoin anywhere and anytime for me will not starve even for a few pieces of bread, wheat and other staples. Because food is the main thing of the main thing. I agree that bitcoin can be accepted even though there is a separate scenario when conditions are urgent.
Definitely, when it comes to practicality, btc will be better than gold in times of war and other catastrophe that we may encounter. But do remember, it is only good if crypto is still in the market during these challenging times or at least have the hope to survive. Because if not, you are just storing worthless currency. For now, we are enjoying the fact that it is worth to store this volatile asset. And maybe, few years from now, it is still relevant to hold. But as time goes by, we need to keep with the fast phase in technological advancement and see if it is still valuable to hold digital currencies.
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Maus0728
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April 21, 2024, 02:56:32 AM |
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Gold's more worth than bitcoin in a wartime scenario not to mention that if that's really going to be the case, the value of bitcoin is going to be least of our worries because a third World War is definitely going to involve nukes and it's likely that we will nuke ourselves into oblivion or stone age and by that time, we're prioritizing salt and basic commodities to be traded with other basic commodities if we ever survive the rain of nukes that's definitely going to happen. Also, even if you hold a gold right now, I'm sure that you're going to see yourself losing it anyway because the government will definitely confiscate it so they can fund the war machines that they're pumping out into the battlefield, you don't win wars with just patriotism, you're going to need a huge war chests too.
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synchronym
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April 21, 2024, 04:09:13 AM |
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Gold is usually more expensive than Bitcoin during a war, but Bitcoin will also increase in price. During the war the price of everything goes up but the huge increase in the price of gold will have an effect on Bitcoin. Bitcoin market is risky so we must invest in bitcoin keeping in mind that period and checking the market if we can invest in bitcoin surely we can get good profit through this mode.
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Iranus
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April 21, 2024, 05:28:51 AM |
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From a physical point of view, if you have gold worth 1 bitcoin, how much luggage you have to prepare, it doesn't matter if it's in normal conditions, but imagine when there is a war, of course a mobile phone is the only device that is easy to carry besides a few pieces of clothing in times of emergency. I agree that bitcoin is the right asset that can complement the downturn of inflation in an area and lead to fair decentralisation. Warfare is not justified but until now there is still this path being used.
Bitcoin for me is a good asset, especially personal as I feel, including its liquidity is very good. People who store bitcoin anywhere and anytime for me will not starve even for a few pieces of bread, wheat and other staples. Because food is the main thing of the main thing. I agree that bitcoin can be accepted even though there is a separate scenario when conditions are urgent.
Definitely, when it comes to practicality, btc will be better than gold in times of war and other catastrophe that we may encounter. But do remember, it is only good if crypto is still in the market during these challenging times or at least have the hope to survive. Because if not, you are just storing worthless currency. For now, we are enjoying the fact that it is worth to store this volatile asset. And maybe, few years from now, it is still relevant to hold. But as time goes by, we need to keep with the fast phase in technological advancement and see if it is still valuable to hold digital currencies. I just want to emphasize one thing: gold has existed for thousands of years and it becomes more valuable every time there is war. I don't know what will happen to bitcoin if World War 3 actually happens, but I'm pretty sure that gold will continue to exist after World War 3. Because let us not forget one more thing, gold was able to survive and weather the previous two world wars, and it remains the most reliable asset to date. We are bitcoin investors, we always want the best things to happen with bitcoin because it benefits us too. But we also need to be realistic because if war breaks out, it will directly affect us if we make the wrong choice.
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