Potential Korean War and bitcoin super bull - page 3.

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Quote from: uslfd on December 07, 2017, 05:31:47 PM

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?

When war breaks out the only thing you need is food and drinking water man, and in case of bitcoin many would not have access to internet at that moment.....

MrVuuu

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Once upon of time the price of gold grew during wars, bitcoin is somewhat similar to this metal, so from a historical point of view, thought has the right to exist.

ipanks

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Quote from: uslfd on December 07, 2017, 05:31:47 PM

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?

a country in asia like japan, korea, china makes a war for bitcoin price and now there is a big difference for each of country. korea market now leading the position of bitcoin price but I see china and japan trying to compete with them. I think this is a good thing for us because if the price can increase more than now, we can make a lot of profit while the price is at the top of the price. we are going to see a new leader of cryptocurrency in asia soon after this war.

lzby2000

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It is clear that this is possible. The situation in East Asia has become more and more tense in recent two years. Sometimes it feels like waking up in the morning, there's already a war there. The enthusiasm of South Koreans compared to special currency for the past month is rising, which suggests that bitcoins are being increasingly accepted by more countries and individuals.

roddy5

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Quote from: uslfd on December 07, 2017, 07:41:07 PM

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.

How can he buy BTC if he is not trading outside of his country? Does NKW have any worth on other countries? He is only trading with China and China ban trading their bitcoin to other countries.

Quote from: uslfd on December 07, 2017, 07:41:07 PM

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

I think that's what happening right now, some people are trying to protect their Won and is converting it to bitcoin for future withdrawal.

Quote from: uslfd on December 07, 2017, 07:41:07 PM

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

This is right whenever the war begin almost all of the countries in the SE will be affected by the war since investment on their country will drop.

Quote from: uslfd on December 07, 2017, 07:41:07 PM

4. In general all East and SE Asian currencies will face downward pressure pushing people to hedge by buying BTC

No comment on this one.

Quote from: uslfd on December 07, 2017, 07:41:07 PM

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?

I don't think that us will defeat China that easily in war, China's army size is massive than US and they also have a lot of armaments.

bitfools

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Quote from: uslfd on December 07, 2017, 07:41:07 PM

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?

The chinese & south-korean are already in play

The SE ppl in general are dirt-poor, and thus like a person in Africa, BTC is not on their mind, rice and potable water is a higher priority.

USA is bring WAR to KOREA, no fucking DOUBT, rich ppl ( asian ) have no where to hide their money, as USA will destroy all the NORTH-ASIAN banks in their 'war'

There is no other recourse for USA, its either STEAL NK now, or civil war at home.

NK has the largest mineral wealth of 'rare earth' on earth, and OIL reserves exceeding SAUDI, this is all U need to know why USA wants to STEAL NK

[size=20pt]Like the rich say in China "BTC is the currency of God's", you got to be a RICH GUY to even be in the game.[/size]

bitfools

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Quote from: baradfo on December 07, 2017, 08:03:40 PM

I agree that if war broke out in SE asia that the masses would start transferring their wealth into BTC and the price would shoot up dramatically. Though I do disagree that China would enter the war initially on the side of NK if they did at all. I think that they are thinking more globally at this point more than regionally and would see a war with the US as something that would not end well for either side. Not to say that they wouldn't do things to hinder the US, but wouldn't join in overtly unless the US gives them a reason to do so.

North Korea is like "SIBERIA", north cold,

But you talk about "SE" the SE of ASIA is like Beaches, like "The Beach" ( a movie )

R ppl really this ignorant of geography?

NK has the largest mineral wealth of 'rare earth' on earth, and OIL reserves exceeding SAUDI, this is all U need to know why USA wants to STEAL NK

baradfo

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I agree that if war broke out in SE asia that the masses would start transferring their wealth into BTC and the price would shoot up dramatically. Though I do disagree that China would enter the war initially on the side of NK if they did at all. I think that they are thinking more globally at this point more than regionally and would see a war with the US as something that would not end well for either side. Not to say that they wouldn't do things to hinder the US, but wouldn't join in overtly unless the US gives them a reason to do so.

uslfd

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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?

uslfd

full member

Activity: 294

Merit: 100

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?

Topic: Potential Korean War and bitcoin super bull - page 3. (Read 1014 times)