Topic: Affection of War to Bitcoin? - page 3. (Read 601 times)
Oh my god, I don't want that to happen, but if there is a war in only one or two countries, the internet will still be maintained bitcoin will increase because people of the war countries will buy bitcoin, yes, as you say. World War 3 happens that bitcoin will go to zero if there is no breakthrough technology to make the blockchain independent of the internet.
I think a war in addition to people taking their money out of the stock market because they fear instability, the protagonist in this scenario is black markets, such as deepweb, since most will seek weapons to protest or to protect themselves from Protestants, clearly these markets are handled with bitcoin, it is also interesting how your environment reacts, it could expand to other countries, it will be a good year for bitcoin.
If world war III happen, I bet we won't worry much about cryptocurrency or other material things, the first thin we will be worried is how to save ourselves and families. There will be chaos every where and probably internet connection will be lost so worrying about Bitcoin and other cryptocurrency is just useless because we cannot transact without internet. We should worry about how we can food onthat troubled time.
If there's a third world war then pretty sure it will involve all nukes and then boom, there will be no natural resources and everything including satellites orbiting the planet will be doomed and hence no network or internet, no electricity and no gadgets so no crypto, not sad because neither will be there cash or anything.
My fear would be Iran goes for a simple revenge and gets a guy to fly a plane into this building.
Pretty sure it is trump's tallest apartment building in manhattan.
https://www.ndtv.com/world-news/new-generation-of-skinny-skyscrapers-alters-new-york-skyline-1202334
Pretty sure it is trump's tallest apartment building in manhattan.
https://www.ndtv.com/world-news/new-generation-of-skinny-skyscrapers-alters-new-york-skyline-1202334
We will know tomorrow how the markets open especially the crude oil and gold markets to see which direction the stock markets and possibly bitcoin might be headed. However you need to understand that most likely there is not going to be a WW3. And you shouldn't hope for one just to increase your profits of holding BTC.
One hint is how the stock market indicies like the Dow30 and SP500 closed on Friday after the killing, they closed mostly flat. Before the open the futures headed down and when the stock markets opened it spiked up and closed neutral for the day.
So unless something major happens in the next few hours, I am expecting the markets to remain flat for the next week or 2 until this blows over.
One hint is how the stock market indicies like the Dow30 and SP500 closed on Friday after the killing, they closed mostly flat. Before the open the futures headed down and when the stock markets opened it spiked up and closed neutral for the day.
So unless something major happens in the next few hours, I am expecting the markets to remain flat for the next week or 2 until this blows over.
A bit misleading to call it World War III despite how popular its been on social media sites. If the U.S. chooses to go to war with Iran, there's not a damn chance any other country will choose to dabble in U.S. foreign policy. China nor Russia will back the Iranians despite their loose military alliance so it's a two country conflict.
Two main effects of the U.S. Iranian conflict on Bitcoin:
I was watching the markets pretty closely and it's always fun to see spikes that occur just because Trump tweets. US currency hasn't taken a big hit yet despite the threats Trump posed on Iran if they chose to escalate tensions. China had lowered the conversion rate of USD to other fiat currencies so if this trend continues with other countries reducing the weight of USD, I think Bitcoin is undoubtedly going up. Although, if you're planning on trying to capitalize on war, investing in defense contractors that the U.S. Department of Defense has deals with is a good move.
Alternatively, if a full scale war does not come to fruition, the U.S. economy remains steady with stock markets performing well and the proposed tensions has zero effect. This is the likeliest outcome because Iran does not stand tall against the US military and will get obliterated. Iran going against the strongest military in the world -- I'm sure Iranian leaders can logically work out the result.
Two main effects of the U.S. Iranian conflict on Bitcoin:
- US economy takes a hit and Bitcoin value rises with falling USD value.
- Iranian tensions do not amount to much with sustained U.S. economy resulting in no effect on BTC
I was watching the markets pretty closely and it's always fun to see spikes that occur just because Trump tweets. US currency hasn't taken a big hit yet despite the threats Trump posed on Iran if they chose to escalate tensions. China had lowered the conversion rate of USD to other fiat currencies so if this trend continues with other countries reducing the weight of USD, I think Bitcoin is undoubtedly going up. Although, if you're planning on trying to capitalize on war, investing in defense contractors that the U.S. Department of Defense has deals with is a good move.
Alternatively, if a full scale war does not come to fruition, the U.S. economy remains steady with stock markets performing well and the proposed tensions has zero effect. This is the likeliest outcome because Iran does not stand tall against the US military and will get obliterated. Iran going against the strongest military in the world -- I'm sure Iranian leaders can logically work out the result.
Since just yesterday I saw a stupid topic about bitcoin going up because of the tensions in Irak...
With a ww3 we will go to the moon!!!!
There won't be a ww3 and for certain not for the sake of Iran!
Iran has no real friends, if they try to mess with the straight of Hormuz they will literally piss of half of the globe (China, India, SK and Japan are buying more oil from three than the US, each of them) China is also involved in exploring 2 oil fields in Irak, so how is going to side with Iran?
And it doesn't stop there, apart from the Arab world Nigeria and Kazakhstan would love to see all the oil production of Iran getting nuked for their own sake.
No, there won't be a ww3, there will be just a war in which Iran is left alone and their so-called friends watch from the sides.
As for bitcoin, can we change the name to disaster coin?
Because we have
- crisis in Cyrpus > good for bitcoin
- crisis in Venezuela > this is good for bitcoin
- crisis in Zimbabwe , also good
- protest in Hogg Kong, this is excellent for bitcoin
- the banks will go down, marvelous for bitcoin
- a recession is coming, great for bitcoin again!!!
Seriously, has there been a positive event lately that was good for the world and also good for bitcoin?
https://www.submarinecablemap.com/
If the cables in the Red Sea or on the shores of Oman are cut everything between Europe and Asia will have to go through the US, and if on top of that something happens to one of the major cables on either the Atlantic or Pacific the current capacity will not be able to take the traffic.
Probably video platforms will shut down voluntarily in that case to lessen the burden but still, there are some vital points, if they all go down, we're either down to dial-up speeds or error pages.
With a ww3 we will go to the moon!!!!
There won't be a ww3 and for certain not for the sake of Iran!
Iran has no real friends, if they try to mess with the straight of Hormuz they will literally piss of half of the globe (China, India, SK and Japan are buying more oil from three than the US, each of them) China is also involved in exploring 2 oil fields in Irak, so how is going to side with Iran?
And it doesn't stop there, apart from the Arab world Nigeria and Kazakhstan would love to see all the oil production of Iran getting nuked for their own sake.
No, there won't be a ww3, there will be just a war in which Iran is left alone and their so-called friends watch from the sides.
As for bitcoin, can we change the name to disaster coin?
Because we have
- crisis in Cyrpus > good for bitcoin
- crisis in Venezuela > this is good for bitcoin
- crisis in Zimbabwe , also good
- protest in Hogg Kong, this is excellent for bitcoin
- the banks will go down, marvelous for bitcoin
- a recession is coming, great for bitcoin again!!!
Seriously, has there been a positive event lately that was good for the world and also good for bitcoin?
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.
https://www.submarinecablemap.com/
If the cables in the Red Sea or on the shores of Oman are cut everything between Europe and Asia will have to go through the US, and if on top of that something happens to one of the major cables on either the Atlantic or Pacific the current capacity will not be able to take the traffic.
Probably video platforms will shut down voluntarily in that case to lessen the burden but still, there are some vital points, if they all go down, we're either down to dial-up speeds or error pages.
Why do you think world war III really happen at the next time? will possible after Unite State killed of great commander of Iran, I think is not good reason for world war III. Although have issues about world war III bitcoin nothing got effect with lower and higher price, keep stable with the same price almost last two years above $7000, bitcoin need danger world war to make price up.
One of the worst thing that could happen to us is for one of the country to declare world war III. Man cryptocurrency would be in a position where it will be less used when food and other necessities become the currency of the world. In my opinion, all the power of the market would be powerless when military power and the government has all the control. Though I think Bitcoin would survive.
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.
There will never be a World War 3 this time just because there can be possible skirmishes between the USA and Iran. Right now, both countries could not afford and risk the possible fall-outs of a full-blown war so we better take our blanket up and just relax. Days from now, things will start to cool off and we can be back to the most popular subtle war between USA and its many enemies (perceived and real). The only thing good to come out of this is that Bitcoin is positively affected with rumors of war.
And no, please stop thinking that just because there can be war that internet can be good and therefore cryptocurrencies can be worthless. Unless, of course, you are already talking about global nuclear war happening between countries who have the nuclear capabilities then maybe that can be the time to say goodbye even to life.
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 .
in times of war the internet network may be difficult, but in my opinion it will not stop the internet, in a state of war communication is important, so I'm sure they will try to maintain an internet network for communication, except war using nuclear, might be able to cripple the internet network.
Surely we don't really know what going to be the effects of this in the market of bitcoin or cryptocurrency.
But we are expecting the market to go down since like in previous wars people don't care about other things like this bitcoin and crypto.
Bitcoin will not matter anymore if we are all dead anyway and it is going to be all about survival.
But we are expecting the market to go down since like in previous wars people don't care about other things like this bitcoin and crypto.
Bitcoin will not matter anymore if we are all dead anyway and it is going to be all about survival.
Do my eyes see right? Did this stupid WWIII meme found its way into this forum? I thought at least this place is safe from it, but it looks like I was wrong.
There will be no WWIII over some killed Iranian general, and there's nothing that could lead to WWIII in the foreseeable future. If you look at the history, both WWI and WWII didn't come out of nowhere, all countries were preparing for it for many years before the wars started, but we don't see anything like this right now.
As for theoretical possibility, there are countless threads about Bitcoin and war/post-apocalypse scenario, I'm sure you'll find a lot of interesting opinions there.
There will be no WWIII over some killed Iranian general, and there's nothing that could lead to WWIII in the foreseeable future. If you look at the history, both WWI and WWII didn't come out of nowhere, all countries were preparing for it for many years before the wars started, but we don't see anything like this right now.
As for theoretical possibility, there are countless threads about Bitcoin and war/post-apocalypse scenario, I'm sure you'll find a lot of interesting opinions there.
It's because the media is hyping the current incident. But I was surprised as well to see this kind of thread around this community as well.
Anyways, if there is a war, it could be more of a cyber-war. But not theoretical that everyone is going to used nuclear weapons to annihilate each other, lol.
U.S. Government Issues Warning About Possible Iranian Cyberattacks.
Do my eyes see right? Did this stupid WWIII meme found its way into this forum? I thought at least this place is safe from it, but it looks like I was wrong.
There will be no WWIII over some killed Iranian general, and there's nothing that could lead to WWIII in the foreseeable future. If you look at the history, both WWI and WWII didn't come out of nowhere, all countries were preparing for it for many years before the wars started, but we don't see anything like this right now.
As for theoretical possibility, there are countless threads about Bitcoin and war/post-apocalypse scenario, I'm sure you'll find a lot of interesting opinions there.
There will be no WWIII over some killed Iranian general, and there's nothing that could lead to WWIII in the foreseeable future. If you look at the history, both WWI and WWII didn't come out of nowhere, all countries were preparing for it for many years before the wars started, but we don't see anything like this right now.
As for theoretical possibility, there are countless threads about Bitcoin and war/post-apocalypse scenario, I'm sure you'll find a lot of interesting opinions there.
What's going to happen to cryptocurrencies or specifically bitcoin if World War 3 is going to happen? That's the first issue I think pop-ups because of a lot of headlines about the US-Iran war.
The government will usually focus on manufacturing in war materials in the war culture, and most likely some countries' economic status will go down and some will go up.
I think this war's effect for the cryptocurrency is when the war ruined the internet, which is the global network, where even the cryptocurrency is reliant on most citizens. Most of the business we're running on the internet today, all of the company's important files are also uploaded to secure internet storage. The internet is the most powerful invention and most of the devices today rely on the power of the internet. Due to the internet, even the blockchain network is processing because there is no possibility that the chain network will run on its own without the internet.
I'm not finished yet...
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?
The government will usually focus on manufacturing in war materials in the war culture, and most likely some countries' economic status will go down and some will go up.
I think this war's effect for the cryptocurrency is when the war ruined the internet, which is the global network, where even the cryptocurrency is reliant on most citizens. Most of the business we're running on the internet today, all of the company's important files are also uploaded to secure internet storage. The internet is the most powerful invention and most of the devices today rely on the power of the internet. Due to the internet, even the blockchain network is processing because there is no possibility that the chain network will run on its own without the internet.
I'm not finished yet...
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?
You seem to ignore the fact, that Internet was specifically built to withstand a nuclear war. There is no single point of failure, there is no specific target you can hit to "stop" internet. Sure you could cripple it down, but it would be restored.
Bitcoin will keep working as long as there is a node running somewhere. I agree Bitcoin needs the internet, for the most part (it IS theoretically possible to make it work in another network), but i don't agree a war, and much less a war between two countries, can "destroy" internet. Iran cannot harm America, at least not to the point of total annihilation, but America can subjugate Iran at great cost.
Suppose you magically disappear the USA an IRAN, does Internet stop? NO. It would slow down, but it would be restored. Same with Bitcoin. Of course it will suck to the people of those countries, especially the ones getting bombed, but after its over things will go back to normal. You can take a look at Iraq, which was the place were this latest event occurred.
If these two countries go to war, most of the world would be unaffected. Heck my country has more relations with Iran than the USA, yet we have zero capacity to intervene militarily in anyway (and Trump would love the excuse to bomb us as well, as he promised but never did).
Bitcoin isn't dependent on the Internet, it is dependent on the inter communication between nodes. There are already alternatives being tested. Software controlled radio, and LoRa are two of them. At the current levels of development, they aren't really viable, but technology tends to advance, and I'm sure they will become a part of Bitcoin's future. Bitcoin is pretty robust, and a mix of Internet and LoRa will be viable, and probably won't require much of a coding addition.
Christ, I'm hoping Trump doesn't kick off WWIII with this latest action of his--for the past few years I thought his presidency was a lot less worse than I thought it was going to be when he got elected, but what he's doing now in Iran is just a devious smokescreen to distract people from his impending impeachment. The last thing anyone needs is a all-out war.
And if we did have a war in which nukes were involved? Forget about bitcoin, forget about the stock market, forget about planning for the future. Build a bunker, stock up on food and guns and land and everything you're going to need to survive underground for a long time.
If there's a "lesser war" that doesn't bring about doomsday, I'd say that bitcoin will be just fine. The stock market might not do so well, but I bet bitcoin and maybe even the altcoin market might come through it unscathed. It remains to be seen, but I'm really, really hoping this situation can be de-escalated.
And if we did have a war in which nukes were involved? Forget about bitcoin, forget about the stock market, forget about planning for the future. Build a bunker, stock up on food and guns and land and everything you're going to need to survive underground for a long time.
If there's a "lesser war" that doesn't bring about doomsday, I'd say that bitcoin will be just fine. The stock market might not do so well, but I bet bitcoin and maybe even the altcoin market might come through it unscathed. It remains to be seen, but I'm really, really hoping this situation can be de-escalated.
On Facebook, I saw a post from a friend that for the first time in history, a "red flag of doom" was placed in Jamkarān Mosque in Iran.
https://www.disclose.tv/red-flag-of-doom-unfurled-over-mosque-in-iran-for-the-first-time-in-history-386502
It says that this is a symbol of war, and severe battle is coming.
On the other hand, when my dad watched the CNN news, Trump claimed that if he didn't take action quickly of deploying the airstrike, the Iranian general and his troops would have caused "massive attacks" in US. This is just what I heard when watching the news with my dad recently.
We have to be prepared if this is indeed gonna escalate into something worse, especially the Bitcoin and cryptocurrencies that we are holding. Anything can happen, we can't be complacent due to these tensions.
Jump to: