Counting the cost of a ww3. - page 2.

Richbased

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Quote from: The Sceptical Chymist on April 16, 2024, 06:04:46 AM

Quote from: Richbased on April 15, 2024, 12:19:38 PM

some of the countries that are involved in war are being sanctioned by the United States on operating with the Dollars

Dude, I'm glad you mentioned that, because I was going to try to find a thread about those US sanctions and post in it. I was passing by a liquor store last night and saw a sign that stated that they're no longer carrying Russian vodka. That caused me to do a double take and then I made the assumption that this was some sort of sanction (even though I'd never heard it announced). In addition I've noticed that precious metals dealers in the US no longer sell those nice Russian palladium ballet coins. I don't think that's because they're so much in demand that they're just out of stock.

You know me, I don't venture out of my hovel much and don't watch the news. These US sanctions that I think are due to the Ukraine/Russia war--were they made public, i.e., were there any news stories about them?

Heh. Cost of WWW III. The entire friggin' earth, maybe with the exception of Antarctica, which is where all of the people in power will flee to.

Well, continuous sanctions by the United States may actually lead most countries to de-dollarization because they may not continue using the USD as a reserved currency when the United States government has already issued them sanctions.

In all we shouldn't pray for WW3 because it will affect everyone one way or the other and may also cause an intensed dip in the price of Bitcoin just like the one we are experiencing now as a result of the Iran-Israel clash.

The Sceptical Chymist

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Quote from: Richbased on April 15, 2024, 12:19:38 PM

some of the countries that are involved in war are being sanctioned by the United States on operating with the Dollars

Dude, I'm glad you mentioned that, because I was going to try to find a thread about those US sanctions and post in it. I was passing by a liquor store last night and saw a sign that stated that they're no longer carrying Russian vodka. That caused me to do a double take and then I made the assumption that this was some sort of sanction (even though I'd never heard it announced). In addition I've noticed that precious metals dealers in the US no longer sell those nice Russian palladium ballet coins. I don't think that's because they're so much in demand that they're just out of stock.

You know me, I don't venture out of my hovel much and don't watch the news. These US sanctions that I think are due to the Ukraine/Russia war--were they made public, i.e., were there any news stories about them?

Heh. Cost of WWW III. The entire friggin' earth, maybe with the exception of Antarctica, which is where all of the people in power will flee to.

Albarq

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I think economic stability will be disturbed by the impact of the current war, therefore Bitcoin has the opportunity to fall because most countries' economies are less stable, what's more, the current conflict could become a more serious war, the market is so sensitive to other events and perceptions, however This still depends on investors and government regulations themselves to fix it better.

Captain Corporate

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Too many pockets of war going around the world right now, and maybe there could be some more added, but I think that is what we are going to see, pockets of battles. Israel and Iran situation definitely scared a lot of people because to be fair USA was getting ready to meddle with Iran, they already dislike them as much as possible, so when we are talking about Iran attacking USA's biggest ally in the region, that looked like it could become something huge. This is why I believe that its good that it ended very quickly, nobody would want a war, nobody should seek war, war is not a solution to anything in the world, there are so many other ways to resolve issues before you get to war.

iv4n

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The headline and thread don't have any connections... The world was never actually at rest, there was always conflict, the only difference is that some attracted more or less attention.

I would like to focus on the headline. When you say "counting the cost of WW3" it sounds like there are "those" who will pay and "those" who will "collect", and that is the "hard truth". When we put things like that, it is clear that poor people lose (much more than materially) while some corporations earn more than ever before. So the real question is "Who will profit most from the next great war"? Corporations that make weapons, control food and banks? While they enjoy their mansions and everything that money can buy away & far from everything, some other people will die...

electronicash

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Quote from: Fortify on April 15, 2024, 01:48:33 PM

Quote from: letteredhub on April 13, 2024, 05:57:51 PM

The the Russia - Ukraine war is one war that the global economy is on what I will call the borderline of recovery from and here is another conflict in the Middle East region somewhat a major supplier of energy to the world. if this conflict should escalate with other major countries (which I chose not to mention) getting involved the global economy might be hit with worse recession than we are currently facing.

More devasting would be for those importing nations mostly those of Africa, against this backdrop and in extension this can also have a significant effect on the price of bitcoin not performing high as investors have been predicting in anticipation to it's halving circle of a bull run as some actors are forecasting of an indeterminate impending ww3.

As you've identified, the poorest countries will always suffer in these wars - even if they are not the direct recipients of military action. Trade routes would start to shut down or be heavily affected. So-called developed countries would also suffer greatly because of that, but tend to have enough established resources that they would weather the storm a bit better. However I don't see it panning out like that, Iran and Israel will continue to hit each other at a low level, but the leadership in both countries knows it is suicidal to push things too far. Israel has nuclear weapons after all and if they feel like they are going to get wiped out, Iran will suffer the same fate too.

they all have nukes. iran wouldn't be this confident in retaliating if they had no capability. Russia is already siding with them and Russia may have armed them with nukes same as when Iran provided Kamikazzee drones to Russia.

the Persian Gulf will be controlled by Iran when all things go worse. they will close the Strait of Hormuz and the prices of gas and oil will skyrocket that's for sure. one thing that has changed since is that Iran has friends, it's not like before that the US and all others can isolate them.

Fortify

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Quote from: letteredhub on April 13, 2024, 05:57:51 PM

The the Russia - Ukraine war is one war that the global economy is on what I will call the borderline of recovery from and here is another conflict in the Middle East region somewhat a major supplier of energy to the world. if this conflict should escalate with other major countries (which I chose not to mention) getting involved the global economy might be hit with worse recession than we are currently facing.

More devasting would be for those importing nations mostly those of Africa, against this backdrop and in extension this can also have a significant effect on the price of bitcoin not performing high as investors have been predicting in anticipation to it's halving circle of a bull run as some actors are forecasting of an indeterminate impending ww3.

As you've identified, the poorest countries will always suffer in these wars - even if they are not the direct recipients of military action. Trade routes would start to shut down or be heavily affected. So-called developed countries would also suffer greatly because of that, but tend to have enough established resources that they would weather the storm a bit better. However I don't see it panning out like that, Iran and Israel will continue to hit each other at a low level, but the leadership in both countries knows it is suicidal to push things too far. Israel has nuclear weapons after all and if they feel like they are going to get wiped out, Iran will suffer the same fate too.

Richbased

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Quote from: Reatim on April 13, 2024, 06:20:11 PM

Quote from: letteredhub on April 13, 2024, 05:57:51 PM

this can also have a significant effect on the price of bitcoin not performing high as investors have been predicting in anticipation to it's halving circle of a bull run as some actors are forecasting of an indeterminate impending ww3.

bitcoin has a chance to crash since most countries will be going under economic crisis for sure and everyone will be forced to take out their profits just to stay afloat

there is too many repercussions if world was 3 were to happen and no one wants that now

Considering the economic crisis that have entangled most countries in the world today and to see that countries are still involving in war despite this economic challenges is rather unfortunate and inhumane however, some of the countries that are involved in war are being sanctioned by the United States on operating with the Dollars hence most of these countries have resulted to using Bitcoins as a medium of exchange hence, consistent selling of Bitcoin or exchange with fiat will continue to occur and thereby affect the price of Bitcoin but it certainly not going to hinder the demand and supply of more Bitcoins and of which will keep the market balanced.
No one should agitate for world war 3 now because it certainly gonna be disastrous.

Kakmakr

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I don't think Israel can afford to esculate the War against Iran or any of the other Middle Eastern countries. The countries that are supporting them, simply cannot afford to continue funding proxy wars like this, because they are also still suffering from the aftermath of Covid and the war in the Ukraine against Russia.

There are simply not enough money to sustain a global war, because the global economy are in shatters. I hope Israel will stop the war against Hamas, because it has gone too far now .. and Western countries should stop funding it.

We need Peace.... not a f@$%ken WWIII .. !

justdimin

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Quote from: letteredhub on April 13, 2024, 05:57:51 PM

The the Russia - Ukraine war is one war that the global economy is on what I will call the borderline of recovery from and here is another conflict in the Middle East region somewhat a major supplier of energy to the world. if this conflict should escalate with other major countries (which I chose not to mention) getting involved the global economy might be hit with worse recession than we are currently facing.

More devasting would be for those importing nations mostly those of Africa, against this backdrop and in extension this can also have a significant effect on the price of bitcoin not performing high as investors have been predicting in anticipation to it's halving circle of a bull run as some actors are forecasting of an indeterminate impending ww3.

Whenever there are new battles open up somewhere in the world, people claim that it will be world war three, but that never happens. We are not at a stage in the world where there will be a "world war", that's long gone. That was a valid possibility back in the day because it was tanks and weapons etc etc, nowadays they just fire missiles at each other, and even in the most battleground wars like Ukraine, you see not many moves and mostly staying at the same place.

So all in all, there won't be a world war, there will be "smaller" wars everywhere around the world, like China could very well attack Taiwan too, but we will not see anything turn into world war. Nukes do prevent bigger nations to attack each other, that's for sure.

Smack That Ace

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Quote from: philipma1957 on April 14, 2024, 09:25:52 PM

Quote from: letteredhub on April 13, 2024, 05:57:51 PM

The Russia - Ukraine war is one war that the global economy is on what I will call the borderline of recovery from and here is another conflict in the Middle East region somewhat a major supplier of energy to the world. if this conflict should escalate with other major countries (which I chose not to mention) getting involved the global economy might be hit with worse recession than we are currently facing.

More devasting would be for those importing nations mostly those of Africa, against this backdrop and in extension this can also have a significant effect on the price of bitcoin not performing high as investors have been predicting in anticipation to it's halving circle of a bull run as some actors are forecasting of an indeterminate impending ww3.

By definition WWIII would mean close to half the world would be at war.

If that happens I have to think someone is nuking.

If nuking starts fuck btc fuck the internet.

Empty land areas with caves. Mountains, food stashes will be the new wealth. Not btc

There won't be a world war, people are just paranoid because of the news surrounding Iran's retaliation against Israel. But if someone takes the time to learn about politics, that attack is just a scenario to appease both sides and everything is almost over.

This reminds me of when the war between Russia and Ukraine broke out, many people were also afraid and spread news about World War 3 breaking out, but then what? After more than 2 years, the war between the two countries has not ended but no major war has broken out. Conflict between 1 or 2 countries is inevitable for national interests, but the scenario of World War 3 occurring is a completely different story because it will affect all humanity. Surely powers with powerful economies like the US or China will never let that happen. They are not stupid enough to let a war happen and it would take hundreds of years to rebuild everything from scratch so they would never let that war happen.

philipma1957

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Quote from: letteredhub on April 13, 2024, 05:57:51 PM

The Russia - Ukraine war is one war that the global economy is on what I will call the borderline of recovery from and here is another conflict in the Middle East region somewhat a major supplier of energy to the world. if this conflict should escalate with other major countries (which I chose not to mention) getting involved the global economy might be hit with worse recession than we are currently facing.

More devasting would be for those importing nations mostly those of Africa, against this backdrop and in extension this can also have a significant effect on the price of bitcoin not performing high as investors have been predicting in anticipation to it's halving circle of a bull run as some actors are forecasting of an indeterminate impending ww3.

By definition WWIII would mean close to half the world would be at war.

If that happens I have to think someone is nuking.

If nuking starts fuck btc fuck the internet.

Empty land areas with caves. Mountains, food stashes will be the new wealth. Not btc

uneng

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Thinking about costs, just to have some idea, the outstanding defense performed yesterday by Israel and allies costed more than 1$ billion dollars. That was the cost only to intercept the missiles launched against Israel. Now image a large scale conflict involving several attacks like that simultaneously in different regions of the world. How many billions of even trillions of dollars wouldn't a WWIII cost? It's insane to think people can burn a billion of dollars in a clash which didn't last even 1/4 of a day.

But to be fair, I think it has paid off very well. No casualties for Israel and 99% of the missiles intercepted with success! To put money into self-defense means to put money into good use. I know many people think it's a waste of money to use it for wars, but the reality is that nations have no choice besides investing in military affairs, under the risk of being instantly subdued by enemy forces in case they don't do so.

khiholangkang

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Quote from: DeathAngel on April 14, 2024, 01:42:15 AM

Hopefully this recent conflict between Iran & Israel does not escalate too much further. With any luck, sensible discussions take place & there is no escalation, nobody wants a war with larger countries getting involved. I hope there is peace, nobody needs to see any more innocent casualties.

This is quite difficult if you look at the current situation between Iran and Israel, on the other hand why Iran condemns Israel because they are too much against Palestine and also for a long time Israel has not stopped its aggression until today, they still have not given up on occupying Palestine, meanwhile some Arab countries think whether the next target is our country when Palestine has been conquered cleanly, I see Israel very greedy that maybe it could happen, and Iran takes precautions before they are slowly eaten.

Secondly, America firmly supports Israel, the country that pioneered human rights, they even strongly support the genocide perpetrator party, of course this is a strange thing isn't it, so in conclusion in my opinion it will be very difficult if Israel does not stop expanding its territory, if this continues it will trigger many countries to interfere, and all trade blocking will occur again which will certainly lead to a recession and an unstable economy and bitcoin will also definitely be affected.

electronicash

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Quote from: Moreno233 on April 14, 2024, 03:01:01 PM

Quote from: letteredhub on April 13, 2024, 05:57:51 PM

The the Russia - Ukraine war is one war that the global economy is on what I will call the borderline of recovery from and here is another conflict in the Middle East region somewhat a major supplier of energy to the world. if this conflict should escalate with other major countries (which I chose not to mention) getting involved the global economy might be hit with worse recession than we are currently facing.

More devasting would be for those importing nations mostly those of Africa, against this backdrop and

I have the feeling that WW3 is not happening. The scars of WW2 is yet to heal so humanity cannot afford to go into another full blown war. What you are seeing might just be the instigation of the military industrial complex that makes more money in the time of crisis. I have the feeling that they will find a common ground in the middle east to avoid escalation because if it does, it will not favor anyone.

Quote from: letteredhub on April 13, 2024, 05:57:51 PM

in extension this can also have a significant effect on the price of bitcoin not performing high as investors have been predicting in anticipation to it's halving circle of a bull run as some actors are forecasting of an indeterminate impending ww3.

In a time of war and uncertainty, I will prefer to keep my money in Bitcoin rather than in the banks or even at home. To have a better picture of what will happen to the price of Bitcoin in the advent of a world war, use the covid19 pandemic as a case study. The pandemic period coincided with the halving of 2020 and in 2021 we had the last bull run. This same thing will repeat should a serious way break out now.

it's what everyone could hope for that they could find a common ground for peace. but Iran raining down drone strikes i think is a message that they are capable of reaching Israel. with this conclusion, i don't think Israel can sleep soundly knowing they are surrounded.

Bitcoin is the only way to keep your money because once the government needs more money, they will come to confiscate everyone's gold and your bank accounts to fund the war.

Moreno233

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Quote from: letteredhub on April 13, 2024, 05:57:51 PM

The the Russia - Ukraine war is one war that the global economy is on what I will call the borderline of recovery from and here is another conflict in the Middle East region somewhat a major supplier of energy to the world. if this conflict should escalate with other major countries (which I chose not to mention) getting involved the global economy might be hit with worse recession than we are currently facing.

More devasting would be for those importing nations mostly those of Africa, against this backdrop and

I have the feeling that WW3 is not happening. The scars of WW2 is yet to heal so humanity cannot afford to go into another full blown war. What you are seeing might just be the instigation of the military industrial complex that makes more money in the time of crisis. I have the feeling that they will find a common ground in the middle east to avoid escalation because if it does, it will not favor anyone.

Quote from: letteredhub on April 13, 2024, 05:57:51 PM

in extension this can also have a significant effect on the price of bitcoin not performing high as investors have been predicting in anticipation to it's halving circle of a bull run as some actors are forecasting of an indeterminate impending ww3.

In a time of war and uncertainty, I will prefer to keep my money in Bitcoin rather than in the banks or even at home. To have a better picture of what will happen to the price of Bitcoin in the advent of a world war, use the covid19 pandemic as a case study. The pandemic period coincided with the halving of 2020 and in 2021 we had the last bull run. This same thing will repeat should a serious war break out now.

letteredhub

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Quote from: Rruchi man on April 13, 2024, 06:59:25 PM

Quote from: letteredhub on April 13, 2024, 05:57:51 PM

The the Russia - Ukraine war is one war that the global economy is on what I will call the borderline of recovery from and here is another conflict in the Middle East region somewhat a major supplier of energy to the world. if this conflict should escalate with other major countries (which I chose not to mention) getting involved the global economy might be hit with worse recession than we are currently facing.

The present situation can force people to consider investing more in bitcoins because of some benefits like them being able to move around with their investment more easily. It can lead to higher demand of bitcoins which will exceed supply, thus driving the price upwards.

we don't know if this is what may happen but for a war outbreak affecting all nations directly or indirectly, what people will be thinking of is how they can be able to provide the essentials for themselves, things like foodsand this will force many small investors to sell so to have money to afford food instead of the opposite as you have said it. Investors that can take advantage of bitcoin under the condition of war are government and top organisations getting to make transactionals deals with allies at ease and quick but about leading to excess supply am not quite sure.

electronicash

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Quote from: kryptqnick on April 14, 2024, 11:38:15 AM

This decade we're clearly seeing the return of wars, and deaths from wars being on the rise. Big-scale wars like Russia's war against Ukraine do cost a lot of money. For example, it's estimated that Russia's spending about $1 billion per day of its war against Ukraine. Ukraine can't spend as much, of course, but perhaps can spend around a third of that, plus there's some financial and military support by other countries.
But this is still nothing like World War III. I think the amount would be in dozens of trillions of dollars for that one.

$1B/day? damn Putin is that rich. but he is just using Iranian drones that are cheaply made, they say they only cost $25K each. that is certainly not going to make them poorer if this is what they are using.

but from what the news is saying, the Ukraine-Russia war is soon to end. they know Ukraine has nothing left to fight, they were even conscripting women already. and so Switzerland will host a peace conference this June. they'd probably just talk about what Ukraine has to give up. that's the cost of war.

kryptqnick

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This decade we're clearly seeing the return of wars, and deaths from wars being on the rise. Big-scale wars like Russia's war against Ukraine do cost a lot of money. For example, it's estimated that Russia's spending about $1 billion per day of its war against Ukraine. Ukraine can't spend as much, of course, but perhaps can spend around a third of that, plus there's some financial and military support by other countries.
But this is still nothing like World War III. I think the amount would be in dozens of trillions of dollars for that one.

Dewiana

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Quote from: Text on April 13, 2024, 06:41:02 PM

I just read on my news feed about the attack of Iran on Israel, and when I came back to this forum, this was the first topic I saw. They say if the US helps, Russia will too. What's happening in the world right now is no joke.
These conflicts can have far-reaching implications for the global economy as a whole. Any conflict in the Middle East has the potential to send shockwaves throughout the world, affecting not only economies but also geopolitical stability.

The impact on Bitcoin is uncertain, but we know that the interconnectedness of various factors creates a complex landscape for financial markets. It's a reminder of how sensitive these markets can be to external events and perceptions. On the other hand, it has also shown resilience in the face of real-world tensions in the past. However, it still depends on a range of factors like investor sentiment and government regulations.

The siren has been blown indicating that war will occur between Iran and Israel. If this continues for the next few days, the global economy will decline and even become a crisis. It has been proven that crypto prices have decreased further after the launch of Iranian rockets into Israeli territory, because crypto prices are safer when countries are peaceful and there is no conflict, people make transactions easily because they move online or digitally, so business people are very disadvantaged when there is a war, although there are also those who take advantage of the war.

Topic: Counting the cost of a ww3. - page 2. (Read 426 times)