Topic: Affection of War to Bitcoin? - page 2. (Read 601 times)
It's not just going to focus on Iran and the US, this war may get big, the US and Iran have their allies on their own, so it's not a one-sided fight. Yet I think it's very difficult to do World War 3, some of the countries are now sustaining world peace. Bitcoin's going to have a lot of affection for this fight, we're not sure if it's going to rise. The only thing that matters when there's a war is security because there's a lot of people going to die on it for sure. We're not sure if it's going to go to World War 3, but it's scary in fact. I doubt that the people of South-East Asia will join the war because they lack good armies.
I'm neither too young nor too old and I think I won't be seeing a world war in my lifetime. Not even:
I think if it will only be between Iran and the US, it will not be a full-blown war. Iran will be flexing all her muscles while the US will only lift a finger and we still know which side the tide will favor. This will just become another rape case in the Middle East, a total annihilation against a helpless opponent.
If a world war will erupt, everything will be cleared to the ground. It is certainly going to be a nuclear war. The world might be seeing a total reset and not even Bitcoin will survive. There is no point talking about the price of Bitcoin when the whole of Earth is turning into a Chernobyl.
...when the US and Iran have a massive war...
I think if it will only be between Iran and the US, it will not be a full-blown war. Iran will be flexing all her muscles while the US will only lift a finger and we still know which side the tide will favor. This will just become another rape case in the Middle East, a total annihilation against a helpless opponent.
If a world war will erupt, everything will be cleared to the ground. It is certainly going to be a nuclear war. The world might be seeing a total reset and not even Bitcoin will survive. There is no point talking about the price of Bitcoin when the whole of Earth is turning into a Chernobyl.
When world war III kicks off, nobody will have the time to think of cryptocurrencies or bitcoin. People will be running for their lives rather than thinking about the current price of bitcoin. Bitcoin and cryptocurrencies will be very useless during that period and there will not be a good internet services for bitcoin transactions if someone thinks of making a transaction. It will be better we pray that world war III doesn't happen.
World War 3! Don't say that again, It's not for the welfare of the human being, it's a curse for us so do not think about it, If this war will occur in the coming days then we are going to kill ourselves by many reasons, It's the age of nuclear, it's an age of technology and it's an age of cryptocurrency, so by any means, world war 3 will vanish our structure because a lot of countries are holding nuclear bombs, But I think no one country or people don't want this much of war again because we have seen how much destruction occurred during the last two world war.
It remains to be seen, but I'm really, really hoping this situation can be de-escalated.
I hope the same, but I don't think Trump are going to back down from his actions, and I bet he knew the consequences of his actions more than us. Well he just threatens Iran that they will hit 52 targets if Iran are going retaliate over the death of General Qasem Soleimani.
Going back to the topic, I don't think bitcoin network, electricity and the internet itself are just going to shutdown right away.
Considering this idea:
But if this war never escalated up to that point, there's no shutting down that would happen. Market would just crash. You also have to understand that internet is decentralized, as well as Bitcoin's network. It's a mesh network, and a shutdown on a specific place would not affect the others, it would continue to run, with or without those affected servers, if that location/server ever finds an alternative route of data to be accessed. Bitcoin would only shut down if each and every node is destroyed.
I agree to this man. And besides, Internet is totally widespread, we may not be aware of but there might be some new way of sending data with or without putting such long cables under water.
And if so the war still continue, and if there might be a little of chance of us getting killed/involved with this potential war, survivors who are going to restart civilization, there might be a chance that one of 'em is a crypto enthusiast.
If World War III occurs, not all country will be involved in that war. Mainly just the US and Iran and their big country allies like China and Russia. So it would be like a war between strong countries. And normal citizens there, wouldn't care first about having so much money. What will matter first is their safety and survival. Their people as well don't want war so I think WWIII won't start that easily unless both government officials would piss each other. WWIII sill aslo be a big issue in crypto and can affect bitcoin but people affected by the war wouldn't priorities crypto.
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although the price of bitcoin in Iran as of now inflates like crazy but it is because people think they could temporarily save their wealth and consider it as safehaven for the time being but I agree, if WW3 really happen food and shelter will become priority and people dont care about crypto or whatever. in addition people will try to stock food as much as they can and probably liquidating all their assets. money become less relevant if there is no food to survive after all.
“I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones.” ― Albert Einstein
This is exactly about WWIII affection on Bitcoin. Cryptocurrency doesn't need the war for its promotion.
This is exactly about WWIII affection on Bitcoin. Cryptocurrency doesn't need the war for its promotion.
We can forget about this technology when World war 3 happens, but all these leaders know the bad effects of world war 3 and we will have a global recession, all the powerful countries will see to it that it will not happen, China is enjoying itself as a global economic power, he don't want something that will escalate to world war and so are the European nations, they will do all they can to prevent this.
World War indeed makes technology like today probably won't work much, if war happens surely all countries increase their security in any sector. I hope that war is really not happening at this time, and it is better for peace to continue and I would prefer to see a battle that more shows the greatness of a country in the form of technological and economic competition. 
We can forget about this technology when World war 3 happens, but all these leaders know the bad effects of world war 3 and we will have a global recession, all the powerful countries will see to it that it will not happen, China is enjoying itself as a global economic power, he don't want something that will escalate to world war and so are the European nations, they will do all they can to prevent this.
If world war III begins then I think Bitcoin would be worthless or crash down since people would panic and get what they could.
They would start to cash out and buy what is important I also think that money would be useless when war begins .
They would start to cash out and buy what is important I also think that money would be useless when war begins .
Today one of the significant problems in the world of digital currency is what will happen when the world war III comes again and what will happen to the bitcoin. To the country that approves about the war will affect the bitcoin because they are now focusing on the war because and the community and the market on their land will down for a while because of the conflict happening in the different country, but still we are hoping the war does not continue. The bull continuously runs in the bitcoin market price.
First, we need to understand the opinion of people. Trump is at risk of being impeached and starting an all out war is quite not a good idea. If he will be impeached in the middle of the war then he will just make the status of Amerika miserable. Literally, it is a way for him to stay in his position and to avoid being impeached that's why he's creating something big to make his issues being covered. This is just my opinion about the matter and I don't think it is healthy for us to support the war.
Basically, if there's a war, most people will die, do you think they're going to end up thinking about their cryptocurrency investments? No!
The importance of cryptocurrency at that time will actually fade and the market will fall. All of the people will just worry about the biggest problem which is the war.
Okay, all this was my view only when the US and Iran have a massive war so what's yours?
During World War 2, gold was in huge demand as it was portable money that was accepted everywhere (whereas fiat from one country might not be accepted in another).
Many jewish people got out of Germany carrying some gold on their person - they were forced to sell their property for a fraction of it's worth, so basically in a crisis like that, gold was the only asset worth having because you could hide it and carry it with you.
I'd say bitcoin functions in the same way (in that you can exchange it anywhere in the world).
Regarding "the internet going down" - it was designed to work even if some cables get cut off and even if electricity is down in some areas. You would need to take down electricity all over the world and cut the cables all over the world, for the internet to go down. Which is extremely unlikely.
Even Iran will have this so called harsh revenge, it couldn't easily start WW III nor a panic of switching investments into crypto. I hate to think some people see this incident as an opportunity to make profit while for all we know many lives are at stake. I'm not against on making profit but we should be somehow sensitive on what's happening.
Just my two cents tho.
Just my two cents tho.
I hope if word war III really happen between United State and Iran I think better Iran become the winner because they have accepted bitcoin ad legal currency payment there and United State or Trump president look hate with bitcoin, not have space for bitcoin become legal currency payment and keep try to make space bitcoin become very narrow and looks not have chance become legal currency payment.
Come on guys, please don't think superficially! All we know the dangers and horrors of a world war, none of us want that to happen again. Of course, the leaders of each nation don't want wars to happen. Think more carefully, the conflict between the United States and Iran has been happening for more than 10 years, and there has never been any sign of cooling off. The truth is the situation has become more tense, but it is a conflict merely between the United States and Iran, it is not a conflict between many countries, there is no reason for a world war. Use your brain to think before uttering dumb words, please!
I could easily be talked out of this, but I think that WWIII would actually be bad for Bitcoin. I think that the war economy is largely fiat based. That is good for governments, bad for BTC. Secondly, I think that war gets populations in general to act more conservatively, which would mean basics like hard assets/fiat, not emerging and risky propositions like BTC.
Granted there are of course some positives for BTC that could emerge from such economies, I think that it is overall worse than it is better.
Granted there are of course some positives for BTC that could emerge from such economies, I think that it is overall worse than it is better.
it depends on the war. if it is a nuclear war where the countries that already have nuclear weapons of mass destruction such as US, Israel, Russia started nuking each other then forget about bitcoin, humanity would be at the brink of extinction at that point.
but if it is a normal war then we can also expect a recession. during the first week of war about 100k US troops and billions of dollars worth of military equipment including bases, aircraft, aircraft carriers,... would be wiped out in about 35 bases in middle east under barrage of highly advanced precision artillery, long-rang missiles, Cruise missile,... the cost of war in first week would surpass hundreds of billions and as US keeps spending money and lives the dollar value keeps plummeting the value of bitcoin would soar and that rise will make people want to buy more of it in which case its price would go a lot higher.
but if it is a normal war then we can also expect a recession. during the first week of war about 100k US troops and billions of dollars worth of military equipment including bases, aircraft, aircraft carriers,... would be wiped out in about 35 bases in middle east under barrage of highly advanced precision artillery, long-rang missiles, Cruise missile,... the cost of war in first week would surpass hundreds of billions and as US keeps spending money and lives the dollar value keeps plummeting the value of bitcoin would soar and that rise will make people want to buy more of it in which case its price would go a lot higher.
If nukes are going to be bombed on most data centers and ISPs gateways, and the attack is serious enough to cripple everything business related, then you're probably right.
But if this war never escalated up to that point, there's no shutting down that would happen. Market would just crash. You also have to understand that internet is decentralized, as well as Bitcoin's network. It's a mesh network, and a shutdown on a specific place would not affect the others, it would continue to run, with or without those affected servers, if that location/server ever finds an alternative route of data to be accessed. Bitcoin would only shut down if each and every node is destroyed.
Also, I do believe wars happen in phases, and not just a single blow. The early stage, people, especially the powerful and rich ones, would find alternative place to store their wealth. And as long as there is a copy of bitcoin's ledger somewhere, his/her bitcoins would stay alive. That might be valuable after the war, and the digital age comes in. And that's one reason people might look into cryptocurrencies when the war has been declared.
The mid-stage, where countries bomb each other off, is where most companies are just closed, and no one really cares anymore than surviving.
Then the later stage comes in, where those who survives would have their funds store somewhere, assets that they still have, and since cryptocurrency isn't a physical, destroyable thing, it would still be existing.
But if this war never escalated up to that point, there's no shutting down that would happen. Market would just crash. You also have to understand that internet is decentralized, as well as Bitcoin's network. It's a mesh network, and a shutdown on a specific place would not affect the others, it would continue to run, with or without those affected servers, if that location/server ever finds an alternative route of data to be accessed. Bitcoin would only shut down if each and every node is destroyed.
Also, I do believe wars happen in phases, and not just a single blow. The early stage, people, especially the powerful and rich ones, would find alternative place to store their wealth. And as long as there is a copy of bitcoin's ledger somewhere, his/her bitcoins would stay alive. That might be valuable after the war, and the digital age comes in. And that's one reason people might look into cryptocurrencies when the war has been declared.
The mid-stage, where countries bomb each other off, is where most companies are just closed, and no one really cares anymore than surviving.
Then the later stage comes in, where those who survives would have their funds store somewhere, assets that they still have, and since cryptocurrency isn't a physical, destroyable thing, it would still be existing.
It is the main fear of Internet users. If a third world war occurs, it will not bring anything good. Based on the history of past wars, as well as their consequences, the short answer is genocide, economic crisis, ghost towns, militarized schools and destroyed cities; We all hope this does not happen. Or many people, and even this market, will be greatly affected. Let us declare that this 2020 will bring prosperity and good things for everyone.
Iran is getting ready for war and I think USA is holding back because they know this is getting worst if they defy the desire of Iran, but as of now we don't know that WWIII will gonna happen, but if they start attacking to each other then we know that bitcoin will be useless and every each of us is busy to find a place to hide or bitcoin will be more useful to buy more things secretly if other countries start to help their allies.
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