Does war affect the price of bitcoin? - page 9.

First77

member

Activity: 266

Merit: 32

If you want to save the money in any safest asset. It's better to inverse in bitcoin. Bitcoin had survive from the long period. I think bitcoin is best option to hold your saving money.As compared to gold and silver, Bitcoin is the best asset.Because the profit in bitcoin is always greater than gold and silver .

Bitcoin has never seen war. Bitcoin was launched in 2009. The real test begins now.....

ajeef

sr. member

Activity: 728

Merit: 251

This is really interesting question. I think but I think it shouldn't affect the price of bitcoin very much. X has money and was investing before in bitcoin but now he has to sell bitcoins to invest in weapons, food, clothes... and pays Y for this suppllies and now Y has money and now he invest on bitcoi, anyway I think that it won't affect the price.od.bitcoin very much.

BillCoin

sr. member

Activity: 476

Merit: 259

Yes, wars affect the financial systems of all the countries that participate in the wars, which leads to global affect.

The countries who take a part in the war uses tons of money on the army, and it will lead their debt to increase and may increase the inflation rate. Also during wars the customers usage rate goes down which directly affect companies.
Stock exchange goes down, and people may convert their local currencies to gold/silver/cryptocurrencies in order to keep value, I think that war my only do good to the cryptocurrency market.

Sudarmoon

newbie

Activity: 90

Merit: 0

I also feel that bitcoin is the best asset to invest or to keep our prices in a state of war, because we will not be able to carry our immovable assets in the war and that can be very inconvenient, and bitcoin is the best way.

botany

legendary

Activity: 1582

Merit: 1064

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.

A large scale war is something that nobody should wish for. People when faced with an uncertain situation, tend to go in for something which looks like a safe haven asset. But the question is whether Bitcoin is perceived as a safe haven asset or a risky bet. My view is that Bitcoin is not yet there in terms of being looked at as a safe haven asset. So it will go down, rather than up.

First77

member

Activity: 266

Merit: 32

USA and allies have declared war on Syria by firing 100 missiles into Syria.

If Russia and China joins forces and enter the WAR, that will be a major WAR.

It is advisable to sell Bitcoins and buy gold and silver because gold and silver protects people's wealth during wars and inflation.

CrystalPham

newbie

Activity: 128

Merit: 0

Any political instability of nations can influence the BTC rates. Because, BTC has a wide range of uses, dealing globally, not just in the home country. Because BTC is an electronic currency that is shared in the world, if a country is unstable, war, coup ... have a huge impact on the price of BTC at that time. predictable.

Zeddyn

newbie

Activity: 72

Merit: 0

Yes exactly with your opinion, I also think that bitcoin is very appropriate to invest to save our assets, because with bitcoin we can bring our investment wherever as long as there is still internet network.

zhanghoqi5

newbie

Activity: 224

Merit: 0

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.

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