How can bitcoin be handy if WW3 happens?

[peter0425]

With US bombing Iran, talks of WW3 seems closer and closer. I am, of course, not wishing for this to happen as nothing good will come out of it. But let us think for a second how will bitcoin be useful to us should WW3 actually happen? First of all, expect chaos. Fiat Currencies would most likely decline. Governments would need to print more money to budget for fighting other countries. This will surely lead to inflation. This is where crypto would come in handy. Bitcoin can be a safe haven for most.

The most important thing is if you live in a country directly affected by the war, surely people would migrate and seek shelter. Bitcoins can be helpful for doing this as you will not be carrying your country's local currency. I am sure now that people would be buying crypto in fear of the war happening.

[348Judah]

With US bombing Iran, talks of WW3 seems closer and closer. I am, of course, not wishing for this to happen as nothing good will come out of it. But let us think for a second how will bitcoin be useful to us should WW3 actually happen?

The usefulness of bitcoin remains as it was over the years, the occurrence of this can only be seen with the market price , which by now i hope some of use have already related how the incident of the war launch of missiles have affected the bitcoin market price to $99,000 or thereabout, this may only be a short time impact anyway, because bitcoin is a decentralized currency and we don't expect to see it being significantly affected by any economical or political affairs to a reasonable extent.

[ABCbits]

But let us think for a second how will bitcoin be useful to us should WW3 actually happen?

This question should be extended to people in various condition (such as live far from WW3 or live in country directly participate in WW).

The most important thing is if you live in a country directly affected by the war, surely people would migrate and seek shelter. Bitcoins can be helpful for doing this as you will not be carrying your country's local currency. I am sure now that people would be buying crypto in fear of the war happening.

For people on such unfortunate condition, they probably should consider brainwallet if having electronic device or paper (contain recovery words) have serious risk of being stolen or put you at additional risk.

Brainwallets are not recommended to be used in general because of fallible human memory. But in special situations they could be very useful, for example when fleeing a country as a refugee with only the clothes on your back.

[MArsland]

The most important thing is if you live in a country directly affected by the war, surely people would migrate and seek shelter. Bitcoins can be helpful for doing this as you will not be carrying your country's local currency. I am sure now that people would be buying crypto in fear of the war happening.

Of course you are right if the impact of the current war we ensure the recovery key is really safe, memorized, made into a tattoo (barcode) to be more hidden, because when you have to evacuate or find a safe place you don't need to bring a lot of stuff, you don't need to bring a pile of stored gold, with that key you can go and cash it anywhere as long as the place has internet access.

[pooya87]

It depends on the nature and scale of what you call WW3.
In a way we have already been in a global armed conflict for the past 2 decades starting with US regime invasions of a dozen different countries. That conflict is growing and it is now affecting the economy and global security.

If it grows larger the global economy is going to fall apart very fast in which case bitcoin market would crash very hard. With that the hashrate will start going away and that would introduce new attack vectors including 51% attack which would threaten the security.
I wouldn't consider Bitcoin safe in such a scenario.

The worse case scenario is nukes being exchanged. For example for the past week the US regime has tried attacking Iranian civilian nuclear facilities multiple times and failing. That means all nuclear facilities inside US mainland are legitimate targets for Iran to hit back as retaliation. In such a scenario people have much worse things to worry about than bitcoin...

[Dr.Bitcoin_Strange]

The most important thing is if you live in a country directly affected by the war, surely people would migrate and seek shelter. Bitcoins can be helpful for doing this as you will not be carrying your country's local currency. I am sure now that people would be buying crypto in fear of the war happening.

If it really gets that worse that too many homes and facilities are destroyed, of course it's going to affect the general market and economy, even the Bitcoin price is going to fall so badly like the COVID-19 pandemic period. Life is far more important now than anything, when the price of Bitcoin fall so badly, if there's no conflict, it's usually an opportunity for investors to buy more but when a lot of people are affected by this war, they might not even think about Bitcoin investment yet and lastly, how about the security of their asset too. During the bombing, some wallet keys could be destroyed in the location that the owners hide them.

[tabas]

Those who have a lot of money in the affected areas will have to convert it to Bitcoin so that they can carry it with them and have no trouble crossing the borders. They don't have to declare how much they have in crypto assets and they're free to roam with whatever trade they have once they're already set. That's how handy it is because you only have to save your keys and don't have to bring your devices where you can access it. Just access it when you're in a safer place and have your Bitcoin converted if you ever need to sell some just to get on your feet.

[Reatim]

But let us think for a second how will bitcoin be useful to us should WW3 actually happen?

This question should be extended to people in various condition (such as live far from WW3 or live in country directly participate in WW).

i do live far away from the middle east so i do not even think the nuclear weapons will reach us should they be fired but this does not mean that we are completely safe already because my country is quite dependent on the usa which just involved themselves into the conflict in middle east

i am expecting for a lot of people to find alternatives to usa when it comes to products and also to their local currency

[Iranus]

Governments would need to print more money to budget for fighting other countries. This will surely lead to inflation. This is where crypto would come in handy. Bitcoin can be a safe haven for most.

If World War III were to occur, the economy would not only face inflation but also the possibility of complete collapse, and will bitcoin become a safe haven or will it be dumped heavily? To be fair, it is still too early to say that bitcoin will become a safe haven as it has never experienced anything as bad as a world war or economic collapse. So don't rush to make claims without evidence.

I am sure now that people would be buying crypto in fear of the war happening.

I think the opposite, people are selling and that's what's happening. Bitcoin price drops below $100,000 shortly after news of US attack on Iran nuclear facilities. It's clear that people don't buy like you think.

[Hewlet]

The most important thing is if you live in a country directly affected by the war, surely people would migrate and seek shelter. Bitcoins can be helpful for doing this as you will not be carrying your country's local currency. I am sure now that people would be buying crypto in fear of the war happening.

in the worse case scenario where we experience world war three, the only thing that looks feasibly possible to scale through that phase is certainly bitcoin and this is never an emotional statement. international trade will most likely remain effective and might be put on a hold and a lot of the international transaction will likely cease temporarily. banks might even be the first to collapse and the tendency of some of them getting up again after the disaster is going to be uncertain. seeing this facts and going on to save in fiat is something that is entirely wrong. even as we pray that such disaster that should never be allowed to happen, should it happen, holding your asset in bitcoin will still not be a bad idea.

[dkbit98]

Nothing will be handy in WW3 scenario, including Bitcoin, because internet probably won't work in most places.
I think some islands and countries won't be directly affected, so moving there with bitcoin keys would be a goo survival tip.
In case of regional wars Bitcoin can still be useful for many things, but again you need to have internet connection available.

[YOSHIE]

How can bitcoin be handy if WW3 happens?

The second world war and Bitcoin are two different things.
Where we know Bitcoin has keys, passwords, exchanges, wallets and so on, bitcoin can be accessed through the internet network, Well, while the internet is still active and where countries that do not affect the 3rd world war of course we can still use bitcoin and exchanged with fiat currency.

But we don't know how much Bitcoin is, in the event of a 3rd World War, whether it's still at $ 100K or vice versa.

[Swordsoffreedom]

It is hard to imagine what would happen to us if World War 3 happened because it would not be like the previous 2 wars. If world war 3 happens, it will be a war with heavy weapons, a war with nuclear weapons.
As far as I know, the destructive power of nuclear weapons far exceeds any other conventional weapons and leaves consequences that last for centuries. So if a nuclear war happens, I don't think we can survive let alone bitcoin being useful in that situation.

[EL MOHA]

The most important thing is if you live in a country directly affected by the war, surely people would migrate and seek shelter. Bitcoins can be helpful for doing this as you will not be carrying your country's local currency. I am sure now that people would be buying crypto in fear of the war happening.

This war if it actually happens which we all pray it doesn’t happen will be a war of nuclear weapons and all have hard of how disastrous this kind of war can be, personally I think there will be no room to actually consider thinking of bitcoin then as the priority will be solely on survival.

But let’s assume it is not a severe nuclear war, yes bitcoin will definitely come in handy as most of the commercial banks will be either destroyed or will not be able to give its users access and this simply means that no access to fiat currency and even the local bank online transfers will be shut down, so for payment bitcoin will most likely be handy here, families from other countries can send help to their families caught up in this countries easily through bitcoin as was done during the Ukraine and Russia wars. But hopefully we don’t get there

[Bastketsrus]

With US bombing Iran, talks of WW3 seems closer and closer. I am, of course, not wishing for this to happen as nothing good will come out of it. But let us think for a second how will bitcoin be useful to us should WW3 actually happen? First of all, expect chaos. Fiat Currencies would most likely decline. Governments would need to print more money to budget for fighting other countries. This will surely lead to inflation. This is where crypto would come in handy. Bitcoin can be a safe haven for most.

The most important thing is if you live in a country directly affected by the war, surely people would migrate and seek shelter. Bitcoins can be helpful for doing this as you will not be carrying your country's local currency. I am sure now that people would be buying crypto in fear of the war happening.

Yeah, scary to think about, but you’ve got a point. If things get bad, Bitcoin might be one of the few things that still works. No banks, no borders—just something you can take with you. Hopefully it never comes to that.

[collecttmaster]

What happens during big wars? Extreme money printing and devaluation of everything you own. That itself makes Bitcoin the best asset during a world war.

This war if it actually happens which we all pray it doesn’t happen will be a war of nuclear weapons and all have hard of how disastrous this kind of war can be, personally I think there will be no room to actually consider thinking of bitcoin then as the priority will be solely on survival.

But let’s assume it is not a severe nuclear war, yes bitcoin will definitely come in handy as most of the commercial banks will be either destroyed or will not be able to give its users access and this simply means that no access to fiat currency and even the local bank online transfers will be shut down, so for payment bitcoin will most likely be handy here, families from other countries can send help to their families caught up in this countries easily through bitcoin as was done during the Ukraine and Russia wars. But hopefully we don’t get there

A lot of people talk this nonsense about survival, but it is not true. For most people during a world war, they had other issues and survival was guaranteed. If you are somewhere where the fighting is happening, then yeah you probably will have issues with survival. I'll stack Bitcoin instead of worrying about survival in someone else's war.  

Yeah, scary to think about, but you’ve got a point. If things get bad, Bitcoin might be one of the few things that still works. No banks, no borders—just something you can take with you. Hopefully it never comes to that.

If you think how distributed Bitcoin's network is, it is more likely that we end up in this scenario. Almost everything else stops working except Bitcoin.

[Apocollapse]

Yeah that's a correct suggestion, only for countries who're affected by the war.

If you're live far away from the war, there's no point do that because you can still eat well, sleep well, the economy is well, and everything is well.

There are so many people are talking about the chance of World War 3, I think it's high unlikely to happen, the US did this might be for manipulating the market. If you have spare cash, better to buy Bitcoin.

[Z-tight]

WW3 is not as close as you think, so many people seem to think it is, but i disagree, nobody wants a world war, even the countries acting the toughest, it simply benefits no one.

However, if there is a world war, with the sort of sophisticated weapons that countries now possess, then you cannot seriously be talking about BTC, it would disrupt everything, except you live in a country that is physically unaffected by the war, and in that case you can hold it through the dump and hope that in years after it moves back up to what it was.

[aoluain]

Those who have a lot of money in the affected areas will have to convert it to Bitcoin so that they can carry it with them and have no trouble crossing the borders. They don't have to declare how much they have in crypto assets and they're free to roam with whatever trade they have once they're already set. That's how handy it is because you only have to save your keys and don't have to bring your devices where you can access it. Just access it when you're in a safer place and have your Bitcoin converted if you ever need to sell some just to get on your feet.

Thats probably the best scenario for people in an affected war zone and are
looking to carry their wealth with them, only two things required, the wallet
and the passwords.

Forget about trying to bring stuff which can be easily bought abroad, and make sure
all non essential items are sold and funds converted to Bitcoin long before any war!

If you have to leave the country how do you access your banked funds if your
country is at war,  I would expect it to be very difficult. Bitcoin solves that problem too.

[avikz]

With US bombing Iran, talks of WW3 seems closer and closer. I am, of course, not wishing for this to happen as nothing good will come out of it. But let us think for a second how will bitcoin be useful to us should WW3 actually happen? First of all, expect chaos. Fiat Currencies would most likely decline. Governments would need to print more money to budget for fighting other countries. This will surely lead to inflation. This is where crypto would come in handy. Bitcoin can be a safe haven for most.

The most important thing is if you live in a country directly affected by the war, surely people would migrate and seek shelter. Bitcoins can be helpful for doing this as you will not be carrying your country's local currency. I am sure now that people would be buying crypto in fear of the war happening.

WW3 will happen eventually. As America has officially joined the war, China and Russia will also pitch in. Show the possibility of another world war happening is very high. Bitcoin will remain useful as it is today. It is highly likely to give financial protection support because the Fiat currencies are expected to fall.

But I wouldn't only bet on Bitcoin alone. If World war 3 starts, the stock market will be hit and the stock prices will plunge. I would personally invest a lot of money into the stock market when the price is cheaper.

Moreover I do not want such wars to happen as war never did any good to any country, ever. But if it happens capital protection should be our primary goal.