If a WW3 Start, what will be the consequences for BITCOIN / ALTCOINS ?

Slow death

legendary

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Quote from: LGCR on March 20, 2022, 10:04:05 AM

With this war situation between Russia and Ukraine, what will be the consequences for the crypto market?

The consequence is simple: war makes people leave their homes, stop thinking about investments and worrying about food and basic things to survive, they don't think about investments. consequently there will be less money entering the market and also more people with fear will be selling their coins to use the money in the real world

Quote from: LGCR on March 20, 2022, 10:04:05 AM

What if all or some of the infrastructure (www, nodes, etc.) are damaged?

Russia alone has no power to wage war against OTAN and the rest of the world together. China wouldn't go to war just to defend Russia, China wants to grow economically, they don't want war. That's why the cryptocurrency infrastructure will be safe because not all countries in the world would be affected, people would continue to mine bitcoin and altcoins and keep the network well and updating the code or introducing improvements. so don't worry about it

teosanru

hero member

Activity: 2100

Merit: 618

Quote from: LGCR on March 20, 2022, 10:04:05 AM

Hello all,

Since I am new BITCOIN investor, there is a big worry surrounding my mind...

With this war situation between Russia and Ukraine, what will be the consequences for the crypto market?

What if all or some of the infrastructure (www, nodes, etc.) are damaged?

I really believe and have hope this is will have a better end.

Please, give me your thoughts.

In general I feel crypto will always become more powerful in such anarchist situations such as wars and political instabilities, but Wars also cause destruction and the level of destruction of a 3rd world war is extremely hard to predict. moreover if you add the potential of a nuclear war the extent of destruction is unimaginable. So if bomb lands on the largest of mining companies you will surely see dips in prices but overall in the longer term after the war stops crypto will definitely become very strong.

BADecker

legendary

Activity: 3766

Merit: 1368

When WW2 was going on, the privacy offered by regular fiat was great. We didn't have the communication where everybody could transfer fiat easily. Those who could at that time, they chose to support anybody they wanted, privately. That's how Prescott Bush (George W.'s grandfather) supported Hitler.

With fiat as wide open as it is today, crypto means much better privacy.

Crypto will grow. Fiat will fail... fiat, meaning the USD.

Cool

cmg777

member

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Quote from: LGCR on March 20, 2022, 10:04:05 AM

Hello all,

Since I am new BITCOIN investor, there is a big worry surrounding my mind...

With this war situation between Russia and Ukraine, what will be the consequences for the crypto market?

What if all or some of the infrastructure (www, nodes, etc.) are damaged?

I really believe and have hope this is will have a better end.

Please, give me your thoughts.

Good question, I'll give you my own opinion for your possible answer. So you may want to diversify your assets and buy precious metals in addition to BTC. The reason why is lets say your country where ever it may be loses its power grid and either cannot fully facilitate the internet and general power then you'll need precious metals to pay for your possible move to a place that does have electricity. So a precious metals bull could argue to dump all crypto if there is no power but my argument to them is what can gold/silver buy you if food and essentials are worth more than a metal that really does nothing besides hold economic value. Also my argument is that because electricity has been around for 100+ years and the internet has been mainstream for like 30+ years there will be both somewhere in the world because there is an underlying demand for it. Therefore, if you move to place that has both power and internet then you can still possibly trade your BTC for cash and essentials. Plus, I want to think positively that the world can work this out and hodling BTC would be the best idea of the 21st Century.

LGCR

newbie

Activity: 1

Merit: 0

Hello all,

Since I am new BITCOIN investor, there is a big worry surrounding my mind...

With this war situation between Russia and Ukraine, what will be the consequences for the crypto market?

What if all or some of the infrastructure (www, nodes, etc.) are damaged?

I really believe and have hope this is will have a better end.

Please, give me your thoughts.

Topic: If a WW3 Start, what will be the consequences for BITCOIN / ALTCOINS ? (Read 65 times)