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April 25, 2014, 12:24:42 PM
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The crisis in Ukraine is still going on, and it seems to only get worse with the day. Is it possible that we will get the same effect in the Bitcoin price as when Cyprus was in a big crisis ?
And if that happen, is it any good???
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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May 21, 2014, 12:20:06 PM
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well, It's hard to say something right now, cause the situation in Ukraine is changing every day, I hope it won't have a bad impact on us Undecided
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May 21, 2014, 12:25:43 PM
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I don't think so.
Cyprus was a financial crisis and all the big Players used BTC to get their Money out of there.
Ukraine is more a political/Military crisis.
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May 21, 2014, 12:33:13 PM
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Nope, aside from the fall of some major first-world economy (ie US/China) I doubt we'll see any notable impact for BTC. I'm doubtful there are many Ukrainians who are using BTC and even then what would the situation do; raise the cost of Bitcoins a little? I suppose if your looking for a rise in BTC any small thing counts so a devaluation of fiat is good in that perspective but I truly doubt it will have any implication on the market whatsoever.
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