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.
You are right, when war comes, the most necessary thing is the weapon.Cryptocurrency is the fastest way to buy weapons. This could also be the reason the government banned bitcoin
Topic: How could war affect crypto? - page 9. (Read 1504 times)
in war, people do not know who has a lot of money, because his money is stored in the wallet, his money can reach millions of dollars. and people can trade in the dark using crypto as a means of payment, so no one realizes it.
Without a doubt, war resulting into economic crisis, and it is similar to calamities, so therefore it affects the total operation of cryptocurrency business, hopefully there is no war at all, because war can forms dynamic crisis that forms into negative contribution of income.
Hopefully there will be no need for us to find out.
i don't like war so am not gonna talk about my opinion in that.
Cryptocurrency will help to hide the movement of funds but I think that will not greatly affect the price of crypto. To buy weapons in such quantities as are required for the conduct of war, no cryptocurrency is not enough
How could war affect crypto?
How could war affect crypto?
No
Thanks to the crypt, you can perform hidden transactions, buy weapons, and so on. No one can track down the owner of the purse and thus the price of the currency increases.
War can affect electricity, technology and computers. Without all this, the crypto currency can not exist. They are very vulnerable from the point of view of failures of high-tech systems
How could war affect crypto?
likely so. because it will surely be an awful lot of their funding through weapons supply bitcoin or crypto. indirectly then this will make the market demand became larger and certainly will bring the price of crypto mainly bitcoin getting high.
How could war affect crypto?
it could definitely affect trading and the price if the country that will participate in the war are countries that have participated in trading, of course, the internet connection to that country will be disrupted because of the ongoing war.
Bitcoin, like gold, is a safe-haven asset.
Then when the war comes, people will buy Bitcoins in large quantities.
What a joke not even make any sense . As far commodity like gold , silver , crude oil most of the time rely on USA newesez . But crypto currency is not its completely decide by whales now market stable ready to move for next big bull run. Then when the war comes, people will buy Bitcoins in large quantities.
How could war affect crypto?
If you have substantial amount of fiat, you could always convert it to crypto to hide from anyone else and the very good thing is they can't steal it from you as long as you protect your private key very well.
Interesting question. crypto is effected by rumours and FUd so much you would think war would also have an effect. I imagine it would have to happen on a global scale or involve nukes for there to be an effect. and i thin the market would drop like a stone if there was a global event like that.
Go Green!
Go Green!
The problem that I see is the ease of access to weapons as it is much easier to buy them in the online black market and with the decentralized transactions of the cryptocurrencies many people will have access to these weapons, just imagine a rebel group, terrorist or even mercenaries forming within the war using the weapons bought from crypto.
In Ukraine there is a war. I can say that crypto makes it really easy to hide money. Nobody knows who is the owner of the wallet which consists millions of dollars in cryptocurrency.
Yes obama said it that cryptocurrency is like a swiss bank. its anonymous even though its decentralized and its not transparant cause the private key and we only know address of the person who do the transaction not the identity of the person who doing it. I do agree War could drive economy but for crypto i think there will be many illegal transaction that could be happening using cryptocurrency.How could your explanation about war? I dont know exactly how war affect bitcoin price but as i know war would make the price decrease.
Regarding illegal activity, it can be the reason of anonymous where nobody know the owner of illegal activity.
When there is war in a certain place and will damage the networking sites especially when there is bombing, then the transactions of the cryptos will be disable not until such time there will network signal ,so war in place have a very great affect to cryptos transactions activities.
I think a major war between multiple countries will just slow the crypto markets or push the market to ath. Crypto is not controlled by the government and you can buy it on a global scale so this could push prices up. People might like that aspect and invest in crypto during war times instead of traditional money. I don't think it cause a major market crash unless it's a cyberwar. Then crypto will be the last thing people think about buying as I can see countries hacking exchanges to fund war costs.
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