Topic: Potential Korean War and bitcoin super bull (Read 1016 times)
If a war starts soon, people will definitely prefer transferring their funds to bitcoin to further secure it, rather than give it to banks.
Dude if war did break out with North Korea they would dump everything they have on SK, Japan and probably launch at us miss. When we strike them china and Russia will be pissed. It would be a very ugly conflict with cyberattacks and all kinds of crazy shit. Probably gold is what you would want to have. Anyway, we have been "about to have war" with NK as long as I can remember. We just always need an enemy to feed the military industrial complex. If you want to profit on war by gold, silver and defense/weapons maker stock but it's a terrible way to make money
South Korea BTC is trading at $20K right now.
Do you think this is pure speculation or are they actually partially hedging against an event of an outbreak of North Korea, American war?
If US goes to war with North Korea tomorrow, I feel BTC could surge by 100% in one day - what do you think?
Yes I think you are right because bitcoin is associated with market trade and it’s a digital currency in case of any emergency there is no doubt that bitcoin price will be disturb in North Korea and also its price will be drop in South Korea as well so war is such a bad impact for any currency but the good thing is that its price will be good in other countries because bitcoin have no link with war it will change its direction to ward other countries but we can wish that there will no war between America and Korea. Do you think this is pure speculation or are they actually partially hedging against an event of an outbreak of North Korea, American war?
If US goes to war with North Korea tomorrow, I feel BTC could surge by 100% in one day - what do you think?
Do you think this is the main reason why bitcoin price skyrocketted now? Because of my busy life I haven't watch or read any news about the war. I wish only few people will get hurt if it will happen. For me, who doesn't have a good amount of btc, the increasing price is good but do you think it will continue to rise? If yes then those who hold btc will have a good christmas and new year.
IF killing millions of CHILDREN in North Korea with white-phosphorous bombs made in Israel, and dropped on NK makes BTC sky-rocket, then U know that the vast majority on this forum, will support TRUMP and his insane wars.
South Korea, Japan, Taiwan or all Post WW2 USA colony's, North Korea, is the only place that is NOT owned by CIA.
Will the USA kill 50 million north korean people to protect the petro-dollar? Yes
Remember if the war starts in Korea, it will also mean that KIM retaliates on ALL USA puppets country's in area, which means that all these country's backed by USA-IMF banks, that their currency becomes worthless, as the asian people will flock to CHINA/Russia alliance, and drop the US-DOLLAR
BItcoin is a conduit to escape USA colonys
This is probably too abstract for many to understand so let it sink in before you react. If people are really scared of war, they are better off pulling cash out of their banks and putting it in a foreign investment account.
Not everyone is rich enough to have a foreign investment accont.
Think the average citizen who owns around $70K USD of cash, if a local war i.e. US to NK is 90% likely to break out, they would most likely immediately buy $40/50K USD worth of bitcoin, store it on a hardware wallet, whole family flees South Korea and stay at friend's or relative's place overseas place somewhere in US or Australia or China until things calm down.
Anyone can open an e-Trade account and fund it from their bank. They can later open an account in another country while they are waiting out any violence. Putting 100% of their cash savings into a volatile speculative instrument like BTC is reckless and irresponsible....as much as the reckless and irresponsible sociopaths on this forum would love to see the average unsophisticated citizen of these nations take such a risk.
Honestly that's not how I would do it if I were in that situation. Remember, if NK strikes out of the blue, they don't necessarily give you a warning for like 10 days for you to open your account and deal with your bank for 5 business days.
If I were them I would just go to BTC exchange, buy, load on hardware wallet, gone tomorrow. Opening a new account in another country usually is restricted to residence. If I'm there for a few months I won't be able to open an account overseas.
Of course everyone is entitled to their way of doing things.
Discussing how a war might push BTC price up does not mean we wish to see a war. It's just rational discussion and action reaction observation / learning / ideas exchanging.
Calling people reckless and irresponsible sociopaths is not necessary - of course again, in my opinion - you're entitled to have yours.
This is probably too abstract for many to understand so let it sink in before you react. If people are really scared of war, they are better off pulling cash out of their banks and putting it in a foreign investment account.
Not everyone is rich enough to have a foreign investment accont.
Think the average citizen who owns around $70K USD of cash, if a local war i.e. US to NK is 90% likely to break out, they would most likely immediately buy $40/50K USD worth of bitcoin, store it on a hardware wallet, whole family flees South Korea and stay at friend's or relative's place overseas place somewhere in US or Australia or China until things calm down.
Anyone can open an e-Trade account and fund it from their bank. They can later open an account in another country while they are waiting out any violence. Putting 100% of their cash savings into a volatile speculative instrument like BTC is reckless and irresponsible....as much as the reckless and irresponsible sociopaths on this forum would love to see the average unsophisticated citizen of these nations take such a risk.
This is probably too abstract for many to understand so let it sink in before you react. If people are really scared of war, they are better off pulling cash out of their banks and putting it in a foreign investment account.
Not everyone is rich enough to have a foreign investment accont.
Think the average citizen who owns around $70K USD of cash, if a local war i.e. US to NK is 90% likely to break out, they would most likely immediately buy $40/50K USD worth of bitcoin, store it on a hardware wallet, whole family flees South Korea and stay at friend's or relative's place overseas place somewhere in US or Australia or China until things calm down.
South Korea BTC is trading at $20K right now.
Do you think this is pure speculation or are they actually partially hedging against an event of an outbreak of North Korea, American war?
If US goes to war with North Korea tomorrow, I feel BTC could surge by 100% in one day - what do you think?
Do you think this is pure speculation or are they actually partially hedging against an event of an outbreak of North Korea, American war?
If US goes to war with North Korea tomorrow, I feel BTC could surge by 100% in one day - what do you think?
There is little correlation between war and the price of bitcoin. While bitcoin is a hedge against a downturn, a limited conflict in a specific place in the world wouldn't even affect global markets let alone bitcoin. If anything the prospect of death and destruction in South Korea would lead South Koreans to use bitcoin.
As of now, Korean exchange BTC trading at 22.7K while the international market is trading at 16K
If a war broke out
1. NORTH KOREA:Kim would buy MORE bitcoin because he knows he will almost lose for sure. The only way for Kim to preserve his wealth is probably by buying a bit of everything but mostly things like bitcoin. He could run away and hide in somewhere in China after NK loses.
2. South Korea would panic BUY bitcoin because Korean Won value would probably depreciate by 50% overnight. Also, if South Koreans were to run away from Korea the only quickest viable way to protect their wealth is to buy bitcoin - then take the hardware wallet with you to another country
3. Japenese average Joe would also BUY bitcoin beacuse they fear the war would drag down Yen's value and they would rush to preserve their wealth
4. In general all East and SE Asian currencies will face downward pressure pushing people to hedge by buying BTC
5. If China supports NK in the war, it will be a war between China and US. China+ NK probably will lose, this will induce a huge instability within China and Chinese will again, flock to bitcoin to hedge against it.
Thoughts?
How about USA, SK, Japan lose and China, Rusia and NK win??? what's going on???If a war broke out
1. NORTH KOREA:Kim would buy MORE bitcoin because he knows he will almost lose for sure. The only way for Kim to preserve his wealth is probably by buying a bit of everything but mostly things like bitcoin. He could run away and hide in somewhere in China after NK loses.
2. South Korea would panic BUY bitcoin because Korean Won value would probably depreciate by 50% overnight. Also, if South Koreans were to run away from Korea the only quickest viable way to protect their wealth is to buy bitcoin - then take the hardware wallet with you to another country
3. Japenese average Joe would also BUY bitcoin beacuse they fear the war would drag down Yen's value and they would rush to preserve their wealth
4. In general all East and SE Asian currencies will face downward pressure pushing people to hedge by buying BTC
5. If China supports NK in the war, it will be a war between China and US. China+ NK probably will lose, this will induce a huge instability within China and Chinese will again, flock to bitcoin to hedge against it.
Thoughts?
If that happens there won't be a winner...especially crypto hodlers.
Agreed. To reserve their wealth they have to buy more bitcoin
As of now, Korean exchange BTC trading at 22.7K while the international market is trading at 16K
If a war broke out
1. NORTH KOREA:Kim would buy MORE bitcoin because he knows he will almost lose for sure. The only way for Kim to preserve his wealth is probably by buying a bit of everything but mostly things like bitcoin. He could run away and hide in somewhere in China after NK loses.
2. South Korea would panic BUY bitcoin because Korean Won value would probably depreciate by 50% overnight. Also, if South Koreans were to run away from Korea the only quickest viable way to protect their wealth is to buy bitcoin - then take the hardware wallet with you to another country
3. Japenese average Joe would also BUY bitcoin beacuse they fear the war would drag down Yen's value and they would rush to preserve their wealth
4. In general all East and SE Asian currencies will face downward pressure pushing people to hedge by buying BTC
5. If China supports NK in the war, it will be a war between China and US. China+ NK probably will lose, this will induce a huge instability within China and Chinese will again, flock to bitcoin to hedge against it.
Thoughts?
How about USA, SK, Japan lose and China, Rusia and NK win??? what's going on??? If a war broke out
1. NORTH KOREA:Kim would buy MORE bitcoin because he knows he will almost lose for sure. The only way for Kim to preserve his wealth is probably by buying a bit of everything but mostly things like bitcoin. He could run away and hide in somewhere in China after NK loses.
2. South Korea would panic BUY bitcoin because Korean Won value would probably depreciate by 50% overnight. Also, if South Koreans were to run away from Korea the only quickest viable way to protect their wealth is to buy bitcoin - then take the hardware wallet with you to another country
3. Japenese average Joe would also BUY bitcoin beacuse they fear the war would drag down Yen's value and they would rush to preserve their wealth
4. In general all East and SE Asian currencies will face downward pressure pushing people to hedge by buying BTC
5. If China supports NK in the war, it will be a war between China and US. China+ NK probably will lose, this will induce a huge instability within China and Chinese will again, flock to bitcoin to hedge against it.
Thoughts?
This is probably too abstract for many to understand so let it sink in before you react. If people are really scared of war, they are better off pulling cash out of their banks and putting it in a foreign investment account.
A war by definition, means there are NO banks, besides the banks in SK, are USA controlled like JAPAN post ww2
Post war this time the banks in asia will be AIIB controlled, thus anybody who leaves their money in CIA-IMF banks will be a loser, BITCOIN is the only POLITICAL NEUTRAL CURRENCY on earth.
Where do you get this info? We are under the assumption that Koreans and Japanese would start pulling their money out before the bombs start falling. If the USA and Korea break out in war that means all of the banks in HK, Singapore, Philippines, Indonesia, etc fall under some form of NWO control? I am beginning to think that your dopamine levels are WAY too high and you need a full night sleep since nothing you are saying has any coherency or consistency.
i think it is possible.
if it were a couple of years ago, even last year, i would have said the effects won't be much. but this year many things changed about bitcoin and the attitude of people towards it. nowadays many are considering bitcoin as a legit investment and a good one at that too. they are including it in their investments alongside old ones such as gold.
and when something like a war breaks out, many will start thinking about storing their money in a safe place and since bitcoin is one of them now, they will be buying it causing a big bull run.
if it were a couple of years ago, even last year, i would have said the effects won't be much. but this year many things changed about bitcoin and the attitude of people towards it. nowadays many are considering bitcoin as a legit investment and a good one at that too. they are including it in their investments alongside old ones such as gold.
and when something like a war breaks out, many will start thinking about storing their money in a safe place and since bitcoin is one of them now, they will be buying it causing a big bull run.
So what your saying is EVERY HODL'r is a WAR PROFITEER
Note Satoshi is Japanese, he saw this coming, you might even say he planned this outcome all along, a safe exit strategy from USA hegemony in North-East Asia.
This would be an extremely stupid strategy. Even if this scenario is true or likely there's only one glaring problem:
If Koreans and Japanese are putting their money in BTC the minute that they have fully done so and the volatility of these transactions flattens out, everyone else in the world will dump their holdings and take profits since they know that these people are just using it for a short term transport of wealth to be deposited later elsewhere....essentially sucking out everything these two nations put in and then some. The price would wind up right back where it was before the pump.
This is probably too abstract for many to understand so let it sink in before you react. If people are really scared of war, they are better off pulling cash out of their banks and putting it in a foreign investment account.
Well U could say the same thing about GOLD, you could say as soon as the WAR is over everybody sells their gold and it becomes worthless, but its doesn't work that way? does it?
ASIANS are savers, not idiots like white trash, ASIAN are like the toroise, and white-trash are like rabbits in heat churning btc on exchanges that will be out of biz tomorrow
The problem is 'fleeing' the war with gold no longer works, everywhere in world now has metal detectors that go off everywhere you go on earth, thus gold brings unwarranted attention,
The ONLY secret way to move wealth without visible notice is BITCOIN like cryptos
Gold would work out exactly the same. I didn't suggest gold so I don't know why you are trying to direct my attention there. With gold there would be a pump and by the time those people cashed out their gold ETF (no one would be dumb enough to try to walk through customs with $10K+ in coins...they would be warned) they would be looking at a huge loss since the short sellers would come in immediately like sharks in a frenzy.
Why does their cash moves need to be secret? If they want to be dumb money speculators let them put their money in BTC to artificially pump the price then more power to them. If they want to preserve their money they can move it to an offshore brokerage account.
Besides...if Koreans and Japanese move to nearby countries, their BTC (when transferred to fiat) would become known to the central banks seeing as how few, if any vendors in the Pacific Rim accept BTC as a mode of payment. So even if one is trying to keep it a secret for whatever reason...you complete the thought....I don't see the point of secrecy when we're talking about war refugees.
This is probably too abstract for many to understand so let it sink in before you react. If people are really scared of war, they are better off pulling cash out of their banks and putting it in a foreign investment account.
A war by definition, means there are NO banks, besides the banks in SK, are USA controlled like JAPAN post ww2
Post war this time the banks in asia will be AIIB controlled, thus anybody who leaves their money in CIA-IMF banks will be a loser, BITCOIN is the only POLITICAL NEUTRAL CURRENCY on earth.
the "war speculation" has been around for a while now and in everyone of them that i have seen, majority of people are saying the price will rise because people will be buying more bitcoin.
well first of all that may be true to some extent so price will actually go up because people are trying to store their money in bitcoin to be safe.
but also the important part about speculation is that when enough people expect something to happen, they will act on it. in other words others will expect the price to go up so they start buying and that means a bull run.
well first of all that may be true to some extent so price will actually go up because people are trying to store their money in bitcoin to be safe.
but also the important part about speculation is that when enough people expect something to happen, they will act on it. in other words others will expect the price to go up so they start buying and that means a bull run.
i think it is possible.
if it were a couple of years ago, even last year, i would have said the effects won't be much. but this year many things changed about bitcoin and the attitude of people towards it. nowadays many are considering bitcoin as a legit investment and a good one at that too. they are including it in their investments alongside old ones such as gold.
and when something like a war breaks out, many will start thinking about storing their money in a safe place and since bitcoin is one of them now, they will be buying it causing a big bull run.
if it were a couple of years ago, even last year, i would have said the effects won't be much. but this year many things changed about bitcoin and the attitude of people towards it. nowadays many are considering bitcoin as a legit investment and a good one at that too. they are including it in their investments alongside old ones such as gold.
and when something like a war breaks out, many will start thinking about storing their money in a safe place and since bitcoin is one of them now, they will be buying it causing a big bull run.
So what your saying is EVERY HODL'r is a WAR PROFITEER
Note Satoshi is Japanese, he saw this coming, you might even say he planned this outcome all along, a safe exit strategy from USA hegemony in North-East Asia.
This would be an extremely stupid strategy. Even if this scenario is true or likely there's only one glaring problem:
If Koreans and Japanese are putting their money in BTC the minute that they have fully done so and the volatility of these transactions flattens out, everyone else in the world will dump their holdings and take profits since they know that these people are just using it for a short term transport of wealth to be deposited later elsewhere....essentially sucking out everything these two nations put in and then some. The price would wind up right back where it was before the pump.
This is probably too abstract for many to understand so let it sink in before you react. If people are really scared of war, they are better off pulling cash out of their banks and putting it in a foreign investment account.
Well U could say the same thing about GOLD, you could say as soon as the WAR is over everybody sells their gold and it becomes worthless, but its doesn't work that way? does it?
ASIANS are savers, not idiots like white trash, ASIAN are like the toroise, and white-trash are like rabbits in heat churning btc on exchanges that will be out of biz tomorrow
The problem is 'fleeing' the war with gold no longer works, everywhere in world now has metal detectors that go off everywhere you go on earth, thus gold brings unwarranted attention,
The ONLY secret way to move wealth without visible notice is BITCOIN like cryptos
Do you think this is the main reason why bitcoin price skyrocketted now? Because of my busy life I haven't watch or read any news about the war. I wish only few people will get hurt if it will happen. For me, who doesn't have a good amount of btc, the increasing price is good but do you think it will continue to rise? If yes then those who hold btc will have a good christmas and new year.
im not a busy person and infact im always logged in here to the forum every single day but im not aware of this kind of news about country wars though i heard before that the china had a war of something and then now it is south korea that is making the headlines hot but i still dunno if these news was legit or just a plain hoax? yet one thing for sure, prices of bitcoin are not totally related to it and this is not the main reason why bitcoins value has skyrocketted. prices of bitcoin are related only on the demand and supply of the market.
Because war is very profitable for certain people. I guess when you get your hands on such amount of power and wealth you start playing with peoples lives in order to profit. It is greed at it's finest. Cyber wars are the future and are happening right now. I certainly hope there will not be any nuclear wars in the near future.
lol, i didnt actually know that war is verry profitable than hodling and trading a bitcoin. war happens not because of power and wealth or playing with people lives, war occurs when theres a terrorist that attacks a certain countries. cyber wars is also pretty normal because people can say something offensive/ inapropriate or whatever they want online without exposing their real identities and i think this is not a real issue that we should worried about.
Majority of price has been KOREAN exchanges, this has been true for months, a known-known, well known to those who follow macro
Pretty much since August 2017, BITCOIN day-trading has taken on a MANIA in South-Korea, Forbes did an article months ago, if you wish to recap
The KOREAN-WON ( KRW their money ) has always been a shit currency, like 10k krw to the USD, reminds me of turkish or italian lira
South-Korean people know its just a USA plantation slave colony for SAMSUNG products ran by USA GOV NSA-CIA spy operations, they know there is no future in GOV currency, so why not invest in something? It's like the only game in town.
Again read the Forbes article, they do a good job of explaining how this all came about.
Regarding the war, talk to TRUMP, potus of USA, he seems to be the person talking about bombing NK for Israel
If we consider the post-apocalyptic scenario for the development of our world, then strangely enough, bitcoin can remain a payment medium. Local foci of life that have their networks and nodes synchronized through external storage devices. Cold hardware wallets ...
i think it is possible.
if it were a couple of years ago, even last year, i would have said the effects won't be much. but this year many things changed about bitcoin and the attitude of people towards it. nowadays many are considering bitcoin as a legit investment and a good one at that too. they are including it in their investments alongside old ones such as gold.
and when something like a war breaks out, many will start thinking about storing their money in a safe place and since bitcoin is one of them now, they will be buying it causing a big bull run.
if it were a couple of years ago, even last year, i would have said the effects won't be much. but this year many things changed about bitcoin and the attitude of people towards it. nowadays many are considering bitcoin as a legit investment and a good one at that too. they are including it in their investments alongside old ones such as gold.
and when something like a war breaks out, many will start thinking about storing their money in a safe place and since bitcoin is one of them now, they will be buying it causing a big bull run.
So what your saying is EVERY HODL'r is a WAR PROFITEER
Note Satoshi is Japanese, he saw this coming, you might even say he planned this outcome all along, a safe exit strategy from USA hegemony in North-East Asia.
This would be an extremely stupid strategy. Even if this scenario is true or likely there's only one glaring problem:
If Koreans and Japanese are putting their money in BTC the minute that they have fully done so and the volatility of these transactions flattens out, everyone else in the world will dump their holdings and take profits since they know that these people are just using it for a short term transport of wealth to be deposited later elsewhere....essentially sucking out everything these two nations put in and then some. The price would wind up right back where it was before the pump.
This is probably too abstract for many to understand so let it sink in before you react. If people are really scared of war, they are better off pulling cash out of their banks and putting it in a foreign investment account.
Do you think this is the main reason why bitcoin price skyrocketted now? Because of my busy life I haven't watch or read any news about the war. I wish only few people will get hurt if it will happen. For me, who doesn't have a good amount of btc, the increasing price is good but do you think it will continue to rise? If yes then those who hold btc will have a good christmas and new year.
im not a busy person and infact im always logged in here to the forum every single day but im not aware of this kind of news about country wars though i heard before that the china had a war of something and then now it is south korea that is making the headlines hot but i still dunno if these news was legit or just a plain hoax? yet one thing for sure, prices of bitcoin are not totally related to it and this is not the main reason why bitcoins value has skyrocketted. prices of bitcoin are related only on the demand and supply of the market.
Because war is very profitable for certain people. I guess when you get your hands on such amount of power and wealth you start playing with peoples lives in order to profit. It is greed at it's finest. Cyber wars are the future and are happening right now. I certainly hope there will not be any nuclear wars in the near future.
lol, i didnt actually know that war is verry profitable than hodling and trading a bitcoin. war happens not because of power and wealth or playing with people lives, war occurs when theres a terrorist that attacks a certain countries. cyber wars is also pretty normal because people can say something offensive/ inapropriate or whatever they want online without exposing their real identities and i think this is not a real issue that we should worried about.
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