Bitcoin will be main currency during WW III, and back to $20k ? - page 2.

wxa7115

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Quote from: hatshepsut93 on January 05, 2020, 04:36:36 PM

Bottle caps will be the main currency of WWIII.

You are just extrapolating the current small boost from small negative news (yes, it is small, the media are just blowing it out of proportion) and say that if a world war would start, Bitcoin would go to the moon, but it would actually be the opposite - global exchanges will start shutting down because they could be used by enemy, Bitcoin will become regulated/banned for the same reason, mining might get banned because governments will take tight control of resources, and at the end of it all there's a nuclear scenario which renders Bitcoin useless.

I think this is the correct answer, bitcoin can be a great investment in the case of a global economic meltdown, if everything remains in place except the economic system then bitcoin will do great and if everything more or less remains the same including the current economic system bitcoin will do great.

But if we really see an armed conflict that escalates to the point of WW3 then bitcoin is going to be banned and anyone that has anything to do with it will be most likely arrested or at least investigated, and that is one more reason to never reveal to anyone that you are holding some bitcoin, and at that point bitcoin will become useless.

hatshepsut93

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Bottle caps will be the main currency of WWIII.

You are just extrapolating the current small boost from small negative news (yes, it is small, the media are just blowing it out of proportion) and say that if a world war would start, Bitcoin would go to the moon, but it would actually be the opposite - global exchanges will start shutting down because they could be used by enemy, Bitcoin will become regulated/banned for the same reason, mining might get banned because governments will take tight control of resources, and at the end of it all there's a nuclear scenario which renders Bitcoin useless.

jostorres

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There is no way world war three is happening anytime soon, probably ever again. We live in a world where technology has made sure that those big wars will never happen again, the best case scenario if Iran and USA goes to war which they won't but even if they do they will probably fight in the land of Iran or somewhere close like Iraq or Syria and not in the land of USA anyway so it would be another Iraq war for USA but nothing even close to that because in Iraq they were trying to overthrown a government whereas here they just killed a military officer and maybe Iran will do the same with some assassination attempt and USA will in return bomb Iran a bit so forth, nobody will join that war and we will have some middle eastern dead for nothing once again like USA always does.

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Quote from: hendra147 on January 03, 2020, 10:29:26 PM

of course WW is bad for economic and humanity, but this thing can turned bitcoin to be main currency, why?
because bitcoin is pure decentralization, no people can reject transaction, no goverment can stop it

Do you think WW III will be similar to the wars that took place in 1914 or 1939? In the event of such a war, casualties would be in the hundreds of millions and infrastructure would be one of the main targets of the attack. Internet is required for transactions, if it is gone or limited, BTC becomes pretty worthless.

Count on war as a means of adaptation is really ridiculous, even if price is go up to $1 million per BTC, atomic bombs, chemical and biological weapons are not an environment where money can be spent...

alexsandria

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Just a counter measures if their economic were going to drop down later on. I am just quite fascinated with such action of those people that they even think of bitcoin while there is an on-going issue in their country because I don't think I would as I am more concerned where should I stay at, thinking of stock foods, bottom line is how would I survive rather than getting fortunes.

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Quote from: hendra147 on January 03, 2020, 10:29:26 PM

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Bitcoin will be main currency during WW III, and back to $20k ?

WW 3 is about Nuclear war, there will be no access for Bitcoin uses, means the internet will be shut down for the public.

Bitcoin can be used as an alternative main currency when the country faced conflict, before Iran. Greece, Argentina, Venezuela ever used Bitcoin as the main currency.
And I don't want to expect Bitcoin price rise in such a way, it's better naturally.

rez303

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Quote from: hendra147 on January 03, 2020, 10:29:26 PM

today i read this news , after issue about " Pentagon confirms Trump ordered killing of Iran Guards commander"

and now bitcoin take seat t be main currency Roll Eyes

[
of course WW is bad for economic and humanity, but this thing can turned bitcoin to be main currency, why?
because bitcoin is pure decentralization, no people can reject transaction, no goverment can stop it

I don't think Bitcoin is important. One of the biggest mistakes many people make right now is to think that Bitcoin is an asset to hold because it is non-physical and it is heavily fomo every time a war or economy goes down. We are all manipulated by sharks about the thinking and value of bitcoin. Gold really is the core value and you should think about it.

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Quote from: ReiMomo on January 04, 2020, 12:47:40 PM

Rich people can easily migrate from the country of Iran without handing their currency money, probably those people in IRAN was getting ready for possible WW3 and buying bitcoin and easy for them to cash out when they are in other countries. But sadly, those poor people will remain there and there's nothing they can do is to wait what will the decision of their government.

Having a war or living with the city in war is the worst experience you will ever taste in your whole life. Nobody wants to a war and i hope the conflict wouldn't expand more that would cause a WW3. Money can't buy anything if you are in the city affected by war. Let's not use bitcoin itself to gain something while others are dying it's a worst act of greed.

ReiMomo

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Rich people can easily migrate from the country of Iran without handing their currency money, probably those people in IRAN was getting ready for possible WW3 and buying bitcoin and easy for them to cash out when they are in other countries. But sadly, those poor people will remain there and there's nothing they can do is to wait what will the decision of their government.

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This fact has caused in some countries a slight increase in Bitcoin, although it could be said that the increase in the price of the dollar, the increase in the price of oil have something to do with this attack.

However, for countries such as Venezuela and Iran, which currently have a disaster economy, the price of Bitcoin is high, for Iran these purchase orders have been made, although the price has fluctuated from $ 6800 to $ 7300 for Bitcoin, for $ 25k prices have not confirmed any purchases.

According to Messari, Ryan Selkis, who is the founder of crypto analytics, says:

Quote

“Bitcoin is trading at nearly $24,000 in the USD equivalent of Iranian Rials on LocalBitcoins today. It's unlikely those purchases are paying for the Iranian military's response. Instead, it might be innocent (and desperate) Iranians looking for a way out of the coming chaos.”

Source: https://cointelegraph.com/news/bitcoin-selling-for-24-000-per-btc-in-iran-as-us-tensions-escalate, cointelegraph.com

I hope that these facts do not happen to something else like a war, in some statements from the USA, they say that the intention of such an attack has been misunderstood was to avoid war, they do not want war.

Genemind

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Iran needs Bitcoin as its supporting currency because of the incident in their country which would affect them negatively especially when WW3 happens. Their economy might fall badly so they're wise enough to have Bitcoin as their last resort. From this incident, we can see how Bitcoin could rescue a shaky economy. It's just a sad thing that the price of BTC is becoming better in a negative way. This type of news is really a bit frustrating.

panganib999

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Well, I hope BTC develops, but not because of a war please. Like, this just makes it look like BTC is taking advantage of the war to spread its influence. Yes, we all know how dollar is sht right now because of how the government has managed it and has turned it to be to what its state is right now, but a lot of people still acknowledge it and has no idea what is happening. It overhauling the US would look like an usurper to most of the populace, which is imo, a bad image for it. Especially since most of the government has refused to acknowledge its existence.

Quote from: xZork on January 04, 2020, 09:52:51 AM

In IRAN and Venezuela, the price of bitcoin is very high, people in those countries are losing confidence in the currencies issued by the government and bitcoin is the best choice for them.
If the world goes into a crisis or war I think the price of bitcoin will go up very high. Bitcoin is easier to move than all other currencies and assets, we just need to save our wallet and can use it anywhere.

Well, the war may be coming and any currencies they currently have is already rekt. Even without it, their economy has already stagnated their development so it is pretty hard to rely on their currency as of yet.

Ahimoth

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Quote from: bitcampaign on January 04, 2020, 03:37:13 AM

It seems like this is being warmly discussed, I think the Iranians are more familiar with bitcoin than America, but if their currency isn't really used there, I still haven't gotten more information and why bitcoin is used there as a payment tool, it's confusing if indeed bitcoin is used there as a payment tool why there is no price push on bitcoin today, there are times when bitcoin will travel above $ 20k again

That's always good to see bitcoin aimed that profitable price of $20k without war. In cases of Iran, they're more particular with this bitcoin as tool for payment because they're hungry for financial independence. All transactions that linked to their country was barely encrypted using cryptocurrency, so there's no need to be confused now. Hopefully their conflict will be arranged to avoid bloody history.

xZork

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In IRAN and Venezuela, the price of bitcoin is very high, people in those countries are losing confidence in the currencies issued by the government and bitcoin is the best choice for them.
If the world goes into a crisis or war I think the price of bitcoin will go up very high. Bitcoin is easier to move than all other currencies and assets, we just need to save our wallet and can use it anywhere.

alyssa85

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Quote from: hendra147 on January 03, 2020, 10:29:26 PM

today i read this news , after issue about " Pentagon confirms Trump ordered killing of Iran Guards commander"

and now bitcoin take seat t be main currency Roll Eyes

Bitcoin Selling for $24,000 per BTC in Iran as US Tensions Escalate

Iran has capital controls. So the only way to get money out of Iran is either bitcoin or gold, and for obvious reasons, bitcoin is easier to move.

I don't think there will be WW3 BTW, but I think the sanctions net around Iran will tighten further, making their economy worse.

Janation

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Just hope something can be done to avoid this war.

Allegiances are happening and that would might not stop from just 3 countries, that would involve other countries too that is alliance of America. In terms of the price, would tgat really affect the price or just their price? I don't think the price would change as a whole.

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Quote from: BigBos on January 04, 2020, 05:51:05 AM

I think that this has to do with weapons or unusual transactions. if WW happens, I think bitcoin will indeed be used to disguise transactions. Well, at WW, I thought there was no time for people tracking down bitcoin transactions.
but, I really did not expect that to happen. I think to increase the price of bitcoin, halving alone is more than enough. don't war again Cry

.

War issue arises due to airstrike in Arab, we don't know yet if it will really lead to war but hopefully it's not, it will affect too many people, sectors and economy especially lives of innocent one. The price back to 20k is also not guaranteed as it may turn the other way out.

rijaljun

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If WW III really happens, then it is sure for Bitcoin to be a medium of transaction and could be more than only $20.000 USD.

But, it is an unsure things and hopefully WW III won't be as we will be put in a chaos. Do you expect a chaos just to make Bitcoin price flying high? I hope you don't.

BigBos

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I think that this has to do with weapons or unusual transactions. if WW happens, I think bitcoin will indeed be used to disguise transactions. Well, at WW, I thought there was no time for people tracking down bitcoin transactions.
but, I really did not expect that to happen. I think to increase the price of bitcoin, halving alone is more than enough. don't war again Cry

.

novaprime

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Quote from: joniboini on January 04, 2020, 12:54:09 AM

I don't wanna see a stupid war going on even if that push Bitcoin price. Lots of people are dying here and there and it leaves a bad taste in my mouth.

The conflicts are bad enough already and I hope it would stop. Life is more precious than money, especially if you live in a war zone. Pretty sure nobody wants the world to go to war even if they have 10 billion dollars because that means nothing when you can't even feel safe.

I also don't want war to happen because any war will only make the people of that country feel more miserable. In fact, the crypto market will often have a lot of volatility when this news comes out but certainly the life of war nation will not be happy so do not expect too much in this war. In my opinion, Bitcoin will still grow in a positive way by 2020 and you should be more patient to make a profit.

World War 3 was really my obsession and hoped that the two countries of the United States and Iran would have many peaceful solutions because I don't want to see death in this war.

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