Does war affect the price of bitcoin? - page 7.

rhenz01

newbie

Activity: 182

Merit: 0

Quote from: zhanghoqi5 on April 14, 2018, 01:46:22 AM

Mr Trump has announced a precise crackdown on Syria, a war that would destabilise the world and would buy other assets for safety. Is bitcoin the best option? I find that bitcoin has indeed started to grow.

You are welcome to express your views and opinions.

In my opinion it's a Yes because before war explode there is a panic selling.

rightway00372018

newbie

Activity: 210

Merit: 0

Quote from: zhanghoqi5 on April 14, 2018, 01:46:22 AM

Mr Trump has announced a precise crackdown on Syria, a war that would destabilise the world and would buy other assets for safety. Is bitcoin the best option? I find that bitcoin has indeed started to grow.

You are welcome to express your views and opinions.

Yes because once war exploded and the digital network damaged all investors can not access their investment and transactions related to bitcoin will be automatically cancelled.

jpespa

member

Activity: 294

Merit: 17

Anything will affect bitcoin as long as it is bought in the market even at war time but I don't think it would be bad to do. What if when war arises and the internet connection around the world or on such affected countries become limited or actually down? Bitcoin couldn't be used then. Also bitcoin has only limited supply

Jeepney_koh

jr. member

Activity: 182

Merit: 2

dApps Development Automation Platform

Quote from: zhanghoqi5 on April 14, 2018, 01:46:22 AM

Mr Trump has announced a precise crackdown on Syria, a war that would destabilise the world and would buy other assets for safety. Is bitcoin the best option? I find that bitcoin has indeed started to grow.

You are welcome to express your views and opinions.

Yes it will negatively affect the price of bitcoin. All natural phenomenas or other negative issues that pertains to the countries of the world has an impact in the price of bitcoin.

onnz423

hero member

Activity: 840

Merit: 508

Make winning bets on sports with Sportsbet.io!

Quote from: jtipt on April 14, 2018, 04:15:17 AM

Quote from: biboy on April 14, 2018, 04:00:20 AM

Those person who are always sad are the person who does know bitcoin well, I don't think that bitcoin should be fear of, when in fact altcoins and ICO's should be the one, they will be dead but not bitcoin so we don't need to fear of something that will not ever happen.

Says the person advertising an ICO.
But anyways yeah I would agree with you mostly. ICOs lately have been just cash grab and nothing more, the tokens take months to even come on an exchange if they come come.

On the matter of wars, well it's obvious that a large scale war affects the economy of the participating nations, which in turn will affect bitcoin is some or other way. They could be liquidation of bitcoin for quick cash by some people, while others might decide to invest in btc in fear of their nation's economy crashing after war.

When a nation is engaged in war, people tend to seek to liquidate their currency in exchange for those that are not in war-time countries. Bitcoin is the ultimate security in situations like this, as it is independent of any country, and as such cannot be collapsed by war (unless the war is on bitcoin). If I were in a country at war, I'd definitely move into a decentralized currency.

beej

full member

Activity: 476

Merit: 108

I believe any type of disturbing event, calamity and conflict that affects people will also have a temporary
effect on any economy, bitcoins is not an exemption and will also be a part of that. War isn't a standard or
simple situation that can be solved overnight, I think with such a developing and unpredictable engagement
it will always find it's way to affect everything that's near the involving areas, nations and people. Though
bitcoins has never experienced such an event, it would be safe to assume to further prepare and work out a
contingency if such matters come to a reality. War affects us all.

Reid

hero member

Activity: 3052

Merit: 651

Question is, are they that open to make bitcoin as the main currency?

We see all the negative sides that have been thrown with crypto technology. There will be a problem if they will not abide with what rule will be implented.
Everything can affect the bitcoin value now. It is global, so you could consider it as almost the same as how the stock market reacts.

santafewarrior1980

jr. member

Activity: 179

Merit: 1

Quote from: zhanghoqi5 on April 14, 2018, 01:46:22 AM

Mr Trump has announced a precise crackdown on Syria, a war that would destabilise the world and would buy other assets for safety. Is bitcoin the best option? I find that bitcoin has indeed started to grow.

You are welcome to express your views and opinions.

Once the war exploded there will be a massive destruction of technology and before it happened I'm sure of another huge panic selling will happen because people want exchange their bitcoin into traditional money to keep it safe.

BlueBitc

newbie

Activity: 25

Merit: 0

If the war is going to happen now, of course, most will all invest in bitcoin because there is an option where everyone will save their finances safe because the most feared thing is a war where all will think about how they are to make the wealth will not disappear.

qiwoman2

legendary

Activity: 2114

Merit: 1023

Oikos.cash | Decentralized Finance on Tron

I certainly think that the price of Bitcoin can be affected by war and other major afflictions because many people would go into fear mode and either sell of big chunks of Bitcoin or buy up a ton of it. So far though although Russia warned of retaliation they did squat to stop the attacks on Syria this morning and just let the allies get on with it, which I guess makes the Russians the better people at this point. Trump is no different from Bush, he is going round and being a bully.

Hopeful2017

member

Activity: 238

Merit: 10

Greentoken-invest in ecology

Quote from: zhanghoqi5 on April 14, 2018, 01:46:22 AM

Mr Trump has announced a precise crackdown on Syria, a war that would destabilise the world and would buy other assets for safety. Is bitcoin the best option? I find that bitcoin has indeed started to grow.

You are welcome to express your views and opinions.

Yes, war will definitely affect the price of bitcoin. Especially so when that country has a large audience in bitcoin. Likewise, the market will be affected. The best options for those countries that will be affected by war is to invest and convert their assets into bitcoin because once the war will be over, they still have assets.

Tipsters

sr. member

Activity: 630

Merit: 251

Quote from: zhanghoqi5 on April 14, 2018, 01:46:22 AM

Mr Trump has announced a precise crackdown on Syria, a war that would destabilise the world and would buy other assets for safety. Is bitcoin the best option? I find that bitcoin has indeed started to grow.

You are welcome to express your views and opinions.

I think bitcoin is not the best option but it is considered as an option. The value of bitcoin is very volatile and it is not a safe asset. I would prefer buying gold instead. Anyway, my country is not affected by the war in Syria and I am very happy for that. Bitcoin will still continue to grow and I am not sure that the price of bitcoin is greatly affected by wars.

tikong

member

Activity: 154

Merit: 12

To this, it is not like it will affect the maximum supply or circulating supply because all that will still remain but obviously, amenities like internet access will be affected and depending on who seems likely to win the war, particularly if this war results in conquest of the others territory. If positively the value will rise and if negatively the value will drop and this will ensure loss. That's all i know.

vintages

full member

Activity: 966

Merit: 153

It's possible that war can affect the price of bitcoin. During wars, most governments or agencies, may use bitcoin as a payment method for paying for weapons like guns and missiles. And being that they don't want their monetary transaction process to be monitored they use cryptos to reduce traces. The government maybe frowning at bitcoin but don't be surprised that some of them are among the big whales.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: zhanghoqi5 on April 14, 2018, 01:46:22 AM

Is bitcoin the best option? I find that bitcoin has indeed started to grow.

You are welcome to express your views and opinions.

Bitcoin is the best option but I don't think there's significant relation of war and bitcoin.

Quote from: Cacingkemi on April 14, 2018, 04:58:50 AM

War will affect its all but not with BTC

Casualties will be the result but I can't really see that it will affect bitcoin's price.

zwiggel

sr. member

Activity: 672

Merit: 250

right. War is affecting bitcoin. The bitcoin market was influenced by the US-led invasion of syria. The world currency system is turned upside down by the countries involved in the war. Some investors in syria did not participate in bitcoin due to war.

Cacingkemi

hero member

Activity: 1484

Merit: 516

War will affect its all but not with BTC,the best asset and can't be taken by anyone who does't have access to open it.The war will burn every object different from BTC that can't be destroyed by any weapon,BTC is the best choice for the future.

GregoryPorter

jr. member

Activity: 54

Merit: 3

I think it does yes. Any kind of instability seems to have a positive impact on cryptocurrency. I don't think this is a coincidence, cryptocurrency is anti establishment at its core, well, they are supposed to be

GoldenLad

member

Activity: 266

Merit: 12

For now, It's quite uncertain. It probably will or may not. We have not really experienced War during the recent era of bitcoin (and I hope we don't either). During the past war, many people lost their lifetime savings with their local banks because some some bank stops to exist. But with bitcoin, a lot of people can save up millions of life investments without the banks and will still able to access it after the war without lost.

ninjaeth

newbie

Activity: 59

Merit: 0

Bitcoin is certainly the best solution at the moment, if there is going to be a war of things that is unlikely we will bring money in the war happens the best way is to invest our money in bitcoin so that we will not be troublesome if there will be war.

Topic: Does war affect the price of bitcoin? - page 7. (Read 822 times)