This one is easy!
We all know that in times of conflict, or should I say war comes, you expect all financial systems and banks to go down leaving people to go the old skool way of barter system were someone with medicines can trade for food or anything they like...and bitcoin being such a currency without boarders having to own it can mean going to any neighboring county without having to worry about cash and the alike, which increases your chances of survivor...
But then again, bitcoin being an asset that relies on internet infrastructure I think it will be difficult to use as the other conflicting team could target communication structures to cutoff any kind of coordination which makes btc useless to some extent...
Topic: Effects of war on bitcoin - page 2. (Read 504 times)
Most of us believe that if there is a conflict, the price of Bitcoin and other cryptocurrencies will plummet. But that is not true, because in 2020, there is a global pandemic that severely damages our economy, but what happened in Bitcoin that time? Price hikes have caused an abrupt surge in the market, indicating that there is a lot of demand. As you can see from the chart, it reaches an all-time high. As a result, I believe that if there is a war, it may be beneficial or detrimental to crypto.
War is different from the pandemic. War can destroy infrastructure, pandemics do not. So in case war erupts globally, it is obvious that destruction will hinder communication. when communication is down, it will be hard to do trades so possibly the Bitcoin market may come to a halt. With many lives lost and poverty due to war, it is obvious that Bitcoin will lose its demand since people will be prioritizing their basic needs for survival. More or less Bitcoin market will be in a decline.
I think the war surely influenced Bitcoin, but it goes down not because of the war.
Bitcoin is going down since 2021 and a lot of things happened since then. The pandemic was the hardest hit on Bitcoin and the consequences of the pandemic were a damaged economy and inflation which appeared because the government started to print money. So the economy already looked bad every before the way. But fur sure, the war has boosted inflation and damaged the world's economy even more.
But I think there is also a good thing for bitcoin. The war has shown people that banks can stop working and you will lose all their money. A lot of people started to use bitcoin to save their money, make transfers and donations to Ukraine.
there are always bad and good impacts with the occurrence of war, even though if the war does not spread to other countries, of course it will not have too much impact on the world economy so that it is disrupted, which in turn also has an impact on bitcoin.Bitcoin is going down since 2021 and a lot of things happened since then. The pandemic was the hardest hit on Bitcoin and the consequences of the pandemic were a damaged economy and inflation which appeared because the government started to print money. So the economy already looked bad every before the way. But fur sure, the war has boosted inflation and damaged the world's economy even more.
But I think there is also a good thing for bitcoin. The war has shown people that banks can stop working and you will lose all their money. A lot of people started to use bitcoin to save their money, make transfers and donations to Ukraine.
it is true what you said that the biggest impact was because the pandemic that occurred made countries have to spend extraordinary funds for health, triggering enormous inflation.
but indeed when the war situation is raging, it is certain that the economy in warring countries will be greatly affected, especially for trade which must be disrupted by distribution, not yet with the non-recognition of the value of its currency for international transactions and there the role of bitcoin is felt and helps from the needs of every payment transaction that occurs , so it's no wonder that many make bitcoin as a tool that can help.
Different countries issues is the reason why bitcoin is suffering price loss, when countries are not at peace with others, the whole nations suffered economic crisis, I remember when the price of bitcoin start going down was same season Russian x Ukraine start economy wars. Bitcoin seem to remained statics because of sentiments by this countries attitude towards the resourceful digital products that would have swim financial hardship.
Bitcoin is not causing any sentiment because is not never pegged to a particular currency so people can freely use it without any issue. This major problem behind this high fee is nit because of the war in Ukraine or in Russia. This is due to the congestion of the mempool leading to increase in the network fee. I am very sure that those that have nodes would be very profitable this time because they will be the one profiting from the high network fee that investors and traders that are running transactions will be paying. 
There are many factors to watch out when it comes to Bitcoin price change. Many things can affect the market. Not just only wars, but also other things too. But yes, when some countries face economical problem, it somehow effects the Bitcoin market too. I guess it totally depends on sentiments of market.
When the war begins, many big holders in those countries choose to sell their Bitcoins in order to survive or some other reasons. But the effect is temporary, as we have seen many times already. Bitcoin has the ability to go to the bottom and then come back to the top. Next halving or other reasons could start the next Bull Run. So there is no need to worry about those facts. All you need to do is hold.
I think it depends on the size of the war. Because Yemen has been at a war with Saudis and they have been in poverty and children are dying and there has been a ton of trouble there for many years. Have we seen that change anything at all? I do not think that it changed anything for the long time to be fair and I feel like there is a big case of trouble going on right now.When the war begins, many big holders in those countries choose to sell their Bitcoins in order to survive or some other reasons. But the effect is temporary, as we have seen many times already. Bitcoin has the ability to go to the bottom and then come back to the top. Next halving or other reasons could start the next Bull Run. So there is no need to worry about those facts. All you need to do is hold.
I believe that we can't really focus on anything that is just a war, we need something that impacts the whole world. Why did Russia vs Ukraine impacted economy? Because that resulted with many rich wealthy western nations not only send a lot of money to Ukraine to help them defend, but also Russia to have sanctions and get poorer at the same time. This is why there is a big difference between wars, some do impact the price, some don't.
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Different countries issues is the reason why bitcoin is suffering price loss, when countries are not at peace with others, the whole nations suffered economic crisis, I remember when the price of bitcoin start going down was same season Russian x Ukraine start economy wars. Bitcoin seem to remained statics because of sentiments by this countries attitude towards the resourceful digital products that would have swim financial hardship.
Personally, I think wars have more negative effect on the local currencies of the countries involved, and not bitcoin, Infact, to make it even plain, wars rather bring positive impact to bitcoin because, when countries go into war, the local currency of that country is unsafe to hold, those who care would be looking for alternatives currencies to hold their money in, and that is when bitcoin comes in.,The fact that the price of bitcoin reduced during the time russia and Ukraine went into economic war, might not necessarily mean that that was the reason the price of bitcoin came down..
I think the war surely influenced Bitcoin, but it goes down not because of the war.
Bitcoin is going down since 2021 and a lot of things happened since then. The pandemic was the hardest hit on Bitcoin and the consequences of the pandemic were a damaged economy and inflation which appeared because the government started to print money. So the economy already looked bad every before the way. But fur sure, the war has boosted inflation and damaged the world's economy even more.
But I think there is also a good thing for bitcoin. The war has shown people that banks can stop working and you will lose all their money. A lot of people started to use bitcoin to save their money, make transfers and donations to Ukraine.
Bitcoin is going down since 2021 and a lot of things happened since then. The pandemic was the hardest hit on Bitcoin and the consequences of the pandemic were a damaged economy and inflation which appeared because the government started to print money. So the economy already looked bad every before the way. But fur sure, the war has boosted inflation and damaged the world's economy even more.
But I think there is also a good thing for bitcoin. The war has shown people that banks can stop working and you will lose all their money. A lot of people started to use bitcoin to save their money, make transfers and donations to Ukraine.
Before that, there were many predictions that in 2022, we would enter the bearish season when bitcoin hits ATH $69k in November, and bitcoin also starts to decline from there. At the same time, the consequences of the covid pandemic also began to hit the world economy, and war suddenly occurred, making everything worse. I agree that the aftermath of the pandemic and war has affected bitcoin, but if we had no covid, no war, and no economic crisis, we would also enter the bear season. It is a 4-year cycle of the market, they will take place even without the impact of external factors.
But you're right, bitcoin was created out of the 2008 economic crisis and along with this crisis. It further shows us Satoshi's vision and the creation of bitcoin is an entirely right thing. Banks are collapsing, and fiat currencies are losing value, but bitcoin is doing very well despite the growing crisis.
Different countries issues is the reason why bitcoin is suffering price loss, when countries are not at peace with others, the whole nations suffered economic crisis, I remember when the price of bitcoin start going down was same season Russian x Ukraine start economy wars. Bitcoin seem to remained statics because of sentiments by this countries attitude towards the resourceful digital products that would have swim financial hardship.
I believe that it will not significantly impact the overall crypto market since we are decentralized and not owned by a single country. Look at what happened in the past with China's ban on bitcoin. Although the market panicked, bitcoin eventually reached a new all-time high. Bitcoin and fiat are different; during times of war, fiat will suffer, but bitcoin will prosper. That's my take.
Wars and pandemics and all don't exist in a vacuum. They have ripple effects that would extend to so many aspects of our lives. In the same manner that a virus wreaked havoc to global supply chains, government debts, employment, inflation rates, and others, the Ukraine invasion has also caused significant economic changes. It could even mean a serving of chop suey in a lowly eatery somewhere in my city far away from Ukraine will increase in price. It could affect Bitcoin as well. But this isn't the only, not even main, factor.
Different countries issues is the reason why bitcoin is suffering price loss, when countries are not at peace with others, the whole nations suffered economic crisis, I remember when the price of bitcoin start going down was same season Russian x Ukraine start economy wars. Bitcoin seem to remained statics because of sentiments by this countries attitude towards the resourceful digital products that would have swim financial hardship.
I believe that it will not significantly impact the overall crypto market since we are decentralized and not owned by a single country. Look at what happened in the past with China's ban on bitcoin. Although the market panicked, bitcoin eventually reached a new all-time high. Bitcoin and fiat are different; during times of war, fiat will suffer, but bitcoin will prosper. That's my take.
I think the war surely influenced Bitcoin, but it goes down not because of the war.
Bitcoin is going down since 2021 and a lot of things happened since then. The pandemic was the hardest hit on Bitcoin and the consequences of the pandemic were a damaged economy and inflation which appeared because the government started to print money. So the economy already looked bad every before the way. But fur sure, the war has boosted inflation and damaged the world's economy even more.
But I think there is also a good thing for bitcoin. The war has shown people that banks can stop working and you will lose all their money. A lot of people started to use bitcoin to save their money, make transfers and donations to Ukraine.
Bitcoin is going down since 2021 and a lot of things happened since then. The pandemic was the hardest hit on Bitcoin and the consequences of the pandemic were a damaged economy and inflation which appeared because the government started to print money. So the economy already looked bad every before the way. But fur sure, the war has boosted inflation and damaged the world's economy even more.
But I think there is also a good thing for bitcoin. The war has shown people that banks can stop working and you will lose all their money. A lot of people started to use bitcoin to save their money, make transfers and donations to Ukraine.
Different countries issues is the reason why bitcoin is suffering price loss, when countries are not at peace with others, the whole nations suffered economic crisis,
(....)
For me, with or without war, Bitcoin is always a good use case for all geopolitical issues. Just think of an asset that no one can control and you can use it on most of the countries.(....)
Bitcoin has the potential to be flexible in the face of geopolitical turmoil as a decentralized, global digital asset.
Different countries issues is the reason why bitcoin is suffering price loss, when countries are not at peace with others, the whole nations suffered economic crisis, I remember when the price of bitcoin start going down was same season Russian x Ukraine start economy wars. Bitcoin seem to remained statics because of sentiments by this countries attitude towards the resourceful digital products that would have swim financial hardship.
Not correct , because the war of Ukraine and Russia only put small effect in Bitcoin price but afterwards the value recovered so don't say that bitcoin starts dropping just because of that war.though maybe if you will tell about worldwar? then that may bring big effect to the prices (but if this are going to happen in which I doubt in the sooner time)
Bitcoin price changes from time to time depending on the situation and no war effect here. The previous Russia-Ukraine war saw a drastic change in the Bitcoin market. In that case we can say that countries consider security in Bitcoin for their economic reasons and accept Bitcoin as an asset. The economy traded bitcoins from various countries on the battlefield, which led to an increase in demand and an increase in the value of bitcoins. No country wants them to go to war because in this case various economic and resources of the country are particularly affected. To make up for these losses, they use Bitcoin to meet inflationary demands during wartime. However, if the Bitcoin market goes up or down because of this, there is no war relationship or policy because the religion of the Bitcoin market is to rise.
The war effect contribute Bitcoin price down fall, as long they is war, it really affect the country economy, which we results less demand of Bitcoin, because Bitcoin price change by demand and supply, but Bitcoin we recover back sooner or later Bull Run we start and is the right time to invest in Bitcoin.
There are many factors to watch out when it comes to Bitcoin price change. Many things can affect the market. Not just only wars, but also other things too. But yes, when some countries face economical problem, it somehow effects the Bitcoin market too. I guess it totally depends on sentiments of market.
When the war begins, many big holders in those countries choose to sell their Bitcoins in order to survive or some other reasons. But the effect is temporary, as we have seen many times already. Bitcoin has the ability to go to the bottom and then come back to the top. Next halving or other reasons could start the next Bull Run. So there is no need to worry about those facts. All you need to do is hold.
When the war begins, many big holders in those countries choose to sell their Bitcoins in order to survive or some other reasons. But the effect is temporary, as we have seen many times already. Bitcoin has the ability to go to the bottom and then come back to the top. Next halving or other reasons could start the next Bull Run. So there is no need to worry about those facts. All you need to do is hold.
In my country, the war is going on all over the world. It is a war that is taking place in the middle east and we are in a war zone right now.
There are a lot of countries that are trying to get rid of the war and they are doing it because they are afraid of the war.
So, what is the effect of war on bitcoin?
There are a lot of countries that are trying to get rid of the war and they are doing it because they are afraid of the war.
So, what is the effect of war on bitcoin?
It depends on the war zone, I don't know what country you are from and why the war is happening. But if we take the example from the war between Russia and Ukraine, it will have some negative effects not only on bitcoin but also on the whole world economy, and bitcoin is a part of the economy, so it's hard to avoid. The war between Russia and Ukraine is not just a war between two neighboring countries, it is a war between the United States and its allies at war with Russia. Moreover, they are the countries that have a great influence on the world economy. It will be very different from wars between smaller nations.
Bitcoin is the economic tool like the Stock Market assets,So their will be some effect on the bitcoin during the war time.When we compare the Russian war on Ukraine,mostly the oil price had changed a lot.Because both the country based on the oil and they are oil exporters.The oil price is keystone of the economy,So it also had impact on the most of the goods prices.This also increased the price of petroleum products.The most of the commodities were influenced by the oil price variations.Due to oil price increases,most of the countries get into the huge inflation.As like stocks,the prices of the bitcoin had reduced a lot due to the withdrawal of funds from their crypto currency assets.
In my country, the war is going on all over the world. It is a war that is taking place in the middle east and we are in a war zone right now.
There are a lot of countries that are trying to get rid of the war and they are doing it because they are afraid of the war.
So, what is the effect of war on bitcoin?
There are a lot of countries that are trying to get rid of the war and they are doing it because they are afraid of the war.
So, what is the effect of war on bitcoin?
that is very true, it is like they have more reasons to go into renewable energy and the rising energy prices will be their inspiration to continue on this mining activity without the help of these energy companies. this is why some large mining companies are investing in renewable sources, deploying solar panels in their mining farm or maybe wind turbine. these 2 are the most popular renewable sources to be used by miners. and remember, solar panels are getting cheaper these days.
Not only consider that states like El Salvador have built a mining farm inside cointainers only for scientific purposes at the moment but using geothermal renewable energy...therefore they take the energy that would be lost to transform it into bitcoin...greate
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