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Topic: Affection of War to Bitcoin? - page 4. (Read 618 times)

legendary
Activity: 2352
Merit: 6089
bitcoindata.science
January 04, 2020, 03:23:02 PM
#11
I don't think things will escalate to a world war now.
But, anyway, the tensions might be good for btc.

A neutral currency in a polarized world. Well, it certainly has a lot of potential and uses.
Big players might do business with btc instead of usd for example
sr. member
Activity: 1120
Merit: 272
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January 04, 2020, 02:44:54 PM
#10
Point of correction, gulf world war III. No country that has internet monopoly and nothing will happen to internet if paraventure the two countries go into war with each others alongside their allies. Bitcoin will stand a better position to blossom if eventually the Middle East go into war with their allies.

Remember this: infront of any war, every restrictions are over ruin and doesn't stand, so, Iranians will likely switch into bitcoin to survive with their economy, most especially the government which will face more sanctions at the end. Bitcoin will not go down if there is war of any kind between any country and USA. Probably the creator of Bitcoin knowns what will happen after 10th year of it creation. If the war escalate eventually, only early adoptors will benefit.

It would be insane to hope for war just for bitcoin to rise. Lives will be lost but I'm hoping US will not really go into it because we all know what will happen. This will not kill internet of course and BTC will rise when allies take action, the battle ground will just be the middle east countries but lives go waste for sure.  I have no idea what Soleimani did in the past but my guess is that didn't invade any country before.



If world war 3 badly continues, the world will be fucked up. Those gunshots and killings will become a disaster that everyone will be experiencing. Bitcoin will become useless if money will become worthless because of those resources that are destroyed due to the exchanging of grenades and bombs. Imagine a world without life and is pure chaos and corpse. Isn't it beautiful to have a peaceful life while waiting for bitcoin's price to rise again? Unfortunately, Bitcoin will be valueless if every countries are fighting for dominion and vengeance.
legendary
Activity: 2632
Merit: 1883
Leading Crypto Sports Betting & Casino Platform
January 04, 2020, 02:41:51 PM
#9
I hope that these environments do not develop with a view to war, although Iran is a country that must be careful, I believe that at this moment diplomacy must triumph over wars, it is not convenient, in a possible scenario of war there could hardly be any kind of action in the crypto, electricity and internet services would fail, the markets would probably fall, the prospects are not very favorable.

We will have to wait for the next few days and see if the waters calm down, it is a historic moment especially for Bitcoin, the reduction is halved, mass adoption, a war scenario really cannot be contemplated.
hero member
Activity: 3038
Merit: 617
January 04, 2020, 02:26:56 PM
#8
Point of correction, gulf world war III. No country that has internet monopoly and nothing will happen to internet if paraventure the two countries go into war with each others alongside their allies. Bitcoin will stand a better position to blossom if eventually the Middle East go into war with their allies.

Remember this: infront of any war, every restrictions are over ruin and doesn't stand, so, Iranians will likely switch into bitcoin to survive with their economy, most especially the government which will face more sanctions at the end. Bitcoin will not go down if there is war of any kind between any country and USA. Probably the creator of Bitcoin knowns what will happen after 10th year of it creation. If the war escalate eventually, only early adoptors will benefit.

It would be insane to hope for war just for bitcoin to rise. Lives will be lost but I'm hoping US will not really go into it because we all know what will happen. This will not kill internet of course and BTC will rise when allies take action, the battle ground will just be the middle east countries but lives go waste for sure.  I have no idea what Soleimani did in the past but my guess is that didn't invade any country before.

sr. member
Activity: 1932
Merit: 300
January 04, 2020, 02:26:34 PM
#7
Though we call it a world war, it would not be raged around the world. The globe won't just shut down. It's a bunch of countries killing each others which would be targeted to cities and military areas. There would still be a large population and territory left out of war. And they are the reason why crypto would flourish.
People would be sending their money from war zones to countries that are at peace to buy some coins. War has always been a business for a group of people. This time the group would be larger.
hero member
Activity: 1162
Merit: 516
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January 04, 2020, 02:05:11 PM
#6
Expecting World war may lead you also to die if that war is gonna fallin your country or somewhere near to you. I have seen many people lost their money on cryptocurrency field but it doesn't become threat for anyone.
But if that likely go with war side it will become is for crypto users.
legendary
Activity: 1778
Merit: 1009
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January 04, 2020, 01:49:24 PM
#5
Point of correction, gulf world war III. No country that has internet monopoly and nothing will happen to internet if paraventure the two countries go into war with each others alongside their allies. Bitcoin will stand a better position to blossom if eventually the Middle East go into war with their allies.
We're not sure if it's going to be another battle in the gulf, so you don't have to correct it.
Many nations now have nuclear power, and it can actually destroy the entire land means that in this war there is a risk that the global network could be disrupted. We're talking about this war's possibilities and its effect on cryptocurrencies.

I just read the news: Bitcoin was sold for $ 24,000 per BTC in Iran when the US tension increased.
It happens just because it's pre-war situations not during world war 3. What about during WWIII? Do you think they'll still care for the market, I guess not.
sr. member
Activity: 939
Merit: 256
January 04, 2020, 01:15:35 PM
#4
I just read the news: Bitcoin was sold for $ 24,000 per BTC in Iran when the US tension increased.
Many people believe that if the Third World War broke out, the price of bitcoin would rise sharply. Because bitcoin is the best alternative currency today, bitcoin is decentralized and no government can stop it. Besides, the easy accumulation and transportation makes the value of bitcoin soar.
full member
Activity: 2240
Merit: 187
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January 04, 2020, 12:57:22 PM
#3
Point of correction, gulf world war III. No country that has internet monopoly and nothing will happen to internet if paraventure the two countries go into war with each others alongside their allies. Bitcoin will stand a better position to blossom if eventually the Middle East go into war with their allies.

Remember this: infront of any war, every restrictions are over ruin and doesn't stand, so, Iranians will likely switch into bitcoin to survive with their economy, most especially the government which will face more sanctions at the end. Bitcoin will not go down if there is war of any kind between any country and USA. Probably the creator of Bitcoin knowns what will happen after 10th year of it creation. If the war escalate eventually, only early adoptors will benefit.
legendary
Activity: 3556
Merit: 7011
Top Crypto Casino
January 04, 2020, 12:51:15 PM
#2
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.
legendary
Activity: 1778
Merit: 1009
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January 04, 2020, 12:35:46 PM
#1
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.
If you want to read the information where did it started, here it is:

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.

Basically, this proves that; No Internet No Blockchain


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?
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