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Topic: does wars will affect the cryptocurrency market? - page 3. (Read 1197 times)

full member
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Wars will not affect the cryptocurrency market unless the parties involved are using cryptos to somehow fund the war, or steal some from the other side. It would only be good for BTC though as traditionally fiat was used.
legendary
Activity: 2702
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Let's first hope there will be no more wars and the world become a safer place.
As we all know, war results in the collapse of economy.
When a war starts, all wealthy people will only think about how to keep their money safe from economy crisis or even invaders confiscation.
In such case, it will not be hard to figure out that investing their money in Bitcoin will be the wisest act. And with more people welling to buy BTC the price will rise wich will be a good thing for holders and those who already started using Bitcoin.
legendary
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war ?? i think only bad news or good news can effect the cryptocurrency market.

This is not the way how cryptocurrency markets work.Both war and ant big threat against world have a power to affect markets.From my trading experience if there is a war possibilty between two country this news will spread during a few hours.It will affect to gold and oil prices first.
full member
Activity: 854
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can you if wars will affect the cryptocurrency market?

If you mean world wars of course not only will affect it but it will totally destroy the crypto currencies because all communication system, internet connection and sites, and infrastructures will be shutdown or destroyed. If this happen we will could no longer transact our wallets anymore or could be the worst our digital account will be gone.
full member
Activity: 165
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Every war impacts currencies, especially the local currency of the warring factions and the USD. War at times can kick start a fledgling economy, especially its manufacturing base, when forced to concentrate its efforts on war time production. It will impact crypto currencies, not sure how though.
Well it is true and as you said it will be very critical condition and at that time the bitcoin currency will be the best option for us to make more bitcoin because we will need bitcoin to buy the food to get the shelter and to feel secure, if we will save much for it than no worries and according to me bitcoin is not going to be affected by the wars the price will rise again after it will be peace.
Ucy
sr. member
Activity: 2674
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I don't think so unless big countries are part of such war. Of course it is possible crypto will be badly affected by failing economy of such countries in times of  War.
However rumors of war could drive crypto price up. A full blown war would further drive the price up and prolong war will eventually result in serious price depreciation. These are just mere theory.

The most important thing is that we are able to transact biz anywhere we are in times of such War.
sr. member
Activity: 406
Merit: 250
can you if wars will affect the cryptocurrency market?

What kind of war did you want to express?

My thoughts is bitcoin can be use by some gun user as a money for easy transaction for some firearms.  I think that it will affect bitcoin or other cryptocurrency but it can be heal again.
hero member
Activity: 1065
Merit: 510
can you if wars will affect the cryptocurrency market?
Depending on a certain country if it does involved on cryptos knowing that wars are costly which if they would decide to pull out those funds on crytpo that they did invest then it would surely affect the price but i would still able to say that it wont really affect too much on where comes to a point it would dip.Maybe on a little percentage but still it can manage to recover again.
full member
Activity: 448
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War is a state of instability, and it effects are numerous.
When ever there is war so many investment will suffer from the impacts of the war, and that lead to down fall of crytocurrency cause they will be no one to trade with cause of the instability. But as far as there is internet you can trade online and make your profit.
member
Activity: 103
Merit: 10
War can surely affect the crypto market. The country being invaded, they would try to save their liquid assets. Abd crypto currency is the best hiding place. Demand will hugely rise.

For any markets to grow people need a cash and wars will make investors nervous and everyone pulls out their money and keep liquid cash so all markets will be dragged down if any wars happen. It is not a good thing so shouldn't allow for any wars to happen. Thinking that if no issues then bitcoin prices may reach to 10K in next one to two-year time so don't want any wars.

I have different view than yours. The country gets invaded and soldiers steal civilian's property. But if their assets are turned in to crypto currency then will soilders be able to rob them except raping their women?

And I also do not want any war but neither you nor I rule any nation. So it is bound to happen so one country can benefit by robbing others.
member
Activity: 84
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war ?? i think only bad news or good news can effect the cryptocurrency market.
sr. member
Activity: 602
Merit: 265
Every war impacts currencies, especially the local currency of the warring factions and the USD. War at times can kick start a fledgling economy, especially its manufacturing base, when forced to concentrate its efforts on war time production. It will impact crypto currencies, not sure how though.
newbie
Activity: 81
Merit: 0
Yes it can. If a country with a great volume of bitcoin experienced war, their economy would fall down and the bitcoin holders of that country would be affected.

May I ask in what way? Bitcoin is not centralized so econimic turmoil of a country can not affect btc. other countries will be safe from that. Also which country hold how much btc is unknown.
klf
legendary
Activity: 1344
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War can surely affect the crypto market. The country being invaded, they would try to save their liquid assets. Abd crypto currency is the best hiding place. Demand will hugely rise.

For any markets to grow people need a cash and wars will make investors nervous and everyone pulls out their money and keep liquid cash so all markets will be dragged down if any wars happen. It is not a good thing so shouldn't allow for any wars to happen. Thinking that if no issues then bitcoin prices may reach to 10K in next one to two-year time so don't want any wars.
full member
Activity: 686
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Yes it can. If a country with a great volume of bitcoin experienced war, their economy would fall down and the bitcoin holders of that country would be affected.
member
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War can surely affect the crypto market. The country being invaded, they would try to save their liquid assets. Abd crypto currency is the best hiding place. Demand will hugely rise.
hero member
Activity: 994
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there are actually different theories. some say wars lead people to invest their money in valuables to try and save up any loss when their country's currency tanks. so they choose bitcoin as one of their options so it may lead to a huge bitcoin price rise.
The right thing to say is to switch from fiat to Bitcoin rather than "investing." People would prioritize their survival than investing money. It would be a good thing to use Bitcoin as a mode of payment in times when country's fiat system tanks like you said.

some say it won't affect it since people will be concerned about other stuff during a war. and even if the above is true, people will look for old stuff such as gold instead.
This is exactly as I'm saying that people would be concerned about survival and hence one of the key to survive is to look for an effective way to use another mode of payment in times that country's fiat tanks which can be Bitcoin or stick to the traditional way like gold.
newbie
Activity: 56
Merit: 0
War implies political unstability, and fiat currencies are directly impacted: as we can see in Venuzuela money lost a lot of value and people have started to mine bitcoin, buy bitcoin and the altcoins.
So in my view war will affect the cryptocurrency market in a positive way
sr. member
Activity: 476
Merit: 255
If the war goes on a large scale and involves all countries in the world, it could be that cryptocurrency will not last, because everyone is at war. People will prefer food, weapons, and gold / diamonds.
But if war only happens in one country, it will have no big impact except on the country itself.
legendary
Activity: 1315
Merit: 1002
can you if wars will affect the cryptocurrency market?

It really depends on a type of war would be going on.

Following that it really depends of what needs of people are threatened and a scale of war.

At the and you need only basic stuff, money really doesn't matter.

If potentially everything leads to hell, you will end up trading with bread and water. No one will care for crypto.
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