How could war affect crypto?
Topic: How could war affect crypto? - page 5. (Read 1504 times)
How could war affect crypto?
How could war affect crypto?
If the war rages and gets bigger, maybe the value of the property or the stock will fall. The real sector will also be chaotic. That's when people will consider crypto to secure their assets.
Before war happens there is a big preparation,so I believe it will affect the price of few cryptos specially bitcoin to become more expensive. Because using cryptocurrency is the safest way to become free from any possible questions from the government that leads to possible leak and affect the plan.
during time of war fiat currency lose its value and if you are on side of victim nation which lost the war then fiat may be same crisis like zimbawe and other nations . however if you invested money in gold or silver then you are safe bcoz they don't lose their value . you can trade those assets with current value of fiat .
crypto is backed by demand and popularity so if popularity is not affected then having crypto is also safe option . but still i will say gold and silver are best investments in such conditions .
crypto is backed by demand and popularity so if popularity is not affected then having crypto is also safe option . but still i will say gold and silver are best investments in such conditions .
How could war affect crypto?
I think so, buying weapons for war has made easier thanks to the help of cryptocurrency. The terrorist can use Bitcoins and other cryptocurrencies as a means of payment to buy guns and fund deadly attacks.
and before bitcoin what they were using ?
big terrorists dont need crypto to survive , they do trade weapons with oil like in syria . so crypto is just blamed blindly for these criminal acts .
i do agree with crypto their payment system will be more easier , but it will not affect that much . after regulation we can tackle it bcoz at a point someone will withdraw them in USD and will have to show source .
also query was how war will affect crypto .
As the entire digital currency development is dependent on technology as well the network functioning, even a small collapse in the internet connectivity over certain region easily affects the bitcoin movement. It can be of the transaction, or it can be of the mining or trading. When the trading volume gets affected, automatically the impact upon growth can be experienced.
Of course if there's a big problem with the economy war can really affect also the entire digital currency network. No circulation will happen to the exchanges and people will be hesitant of invedting their money to the trading site due to fears of no assurance. More crypto coins will certainly dump because investors will dump their assets caused by panic selling and the world economy crisis.
I think it will behave like a hard asset like gold and silver. May increase in price across the board but be very volatile in the process.
When a war occurs, property owners who want to convert into a property can be used worldwide and it must be secure to ensure their identity is kept private, only crypto is guaranteed. This condition, so the crypto is the channel choice to secure the place for the war. You can see that whenever there is bitcoin in the world, there is a huge upside, which directly affects the cryptocurrency market.
Yes, because in the war there will be no electricity that works well, while transacting in the crypto we need electricity and also the internet, in the war we may not be able to get electricity to access our computers and even mobile phone, I also believe in internet network war may not be available. So it's clear, if the war happens we will have difficulty transacting using crypto.
As the entire digital currency development is dependent on technology as well the network functioning, even a small collapse in the internet connectivity over certain region easily affects the bitcoin movement. It can be of the transaction, or it can be of the mining or trading. When the trading volume gets affected, automatically the impact upon growth can be experienced.
I am continent that there will not be war in our world anyway, because the things are happening among governments are just games of 25-30 people who talk with each other. About what is going to be happened with crypto- it depends on where the war is and what countries are involved.
First time I meet such a question) It is very interesting. I think that the price will fall due to the greater popularity of conventional currency, as people will spend a lot of money for all needs.
It depends on the scale.
If something relatively big would break out, crypto would skyrocket as would gold.
War is associated with big uncertainty and destabilization of economies.
If something relatively big would break out, crypto would skyrocket as would gold.
War is associated with big uncertainty and destabilization of economies.
I think the author of this thread is trying to ask question on what could be the likely effect of war on cryptocurrency, but some are answering in another direction, talking about how crypto can be useful during war. Now addressing the question, i think war can have adverse effect on lives and anything that can effect lives, will surely affect those things owned by those lives.
For instance, if life is lost during war, the person might have a wallet containing million dollars worth of coin and the private key might be known to him alone. If he did not reveal the private key to no one less due to an unexpected death, that is the end of the assets in such wallet.
For instance, if life is lost during war, the person might have a wallet containing million dollars worth of coin and the private key might be known to him alone. If he did not reveal the private key to no one less due to an unexpected death, that is the end of the assets in such wallet.
Talking about the war, it seems too complicated and horrible, Many things and terms or conditions may lead the war and may give bad influence on something. Every war will give negative impact, bad impacts. It is not only talking about one person but also everybody involves din the warn including the society. related to the crypto, I think it may influence. As this crypto is used by many people in the world. The war may affect the continuity or stability of the coins not always positively, no one know.
Personnaly i dont like this question, it's sound like"how a war can be profitable for me ?"
Personnaly i dont like this question, it's sound like"how a war can be profitable for me ?"
How could war affect crypto?
War will only affect the place or country where it was held and if a war will happen then cryptocurrency will still be profitable since not every country wants to declare war so it will not affect the entire world.
How could war affect crypto?
I think that buying weapons will become easier because people will not be in contact with money but on the other hand online they can be easier to track.
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