Topic: The economics of war. How does this affect us all especially us in crypto? (Read 711 times)

You have listed the technological advantages of a mutual payment system, for a society that is interested and ready for such a model. BUT... The problem is that the advantages of cryptocurrency are also its disadvantages.

Now let's return to the issue of war, which I can judge quite objectively, since in my country there is a direct war, the loss of cryptocurrencies in such a situation is a very real picture. Sorry the example is very harsh, but this is our reality in Ukraine. A person was sitting at home, went to the store, a missile launched by Russian terrorists arrives in a residential neighborhood, a person dies on the street - that's it, the person is gone, and there is no access to his crypto-assets. In this situation, in relation to fiat, whether it is a bundle of money or a credit card, his relatives (children, wife) can get access to them. Crypto-assets - never again.
The situation is different - your city is surrounded or captured by Russian terrorists - no communication, laptops, cell phones are confiscated.... You have to eat somehow, you have to buy food with something. How can cryptocurrencies help you here if you don't have access to them? Okay. You find Starlink, you connect. И ? Best case scenario, you withdraw the money to a bank card. But in an occupied city, Russian invaders destroyed and looted banks, destroyed ATMs ...
In a word - crypto-assets in such a difficult situation - not the best financial assistant.

It used to be more like the truth than it is now. It is precisely these principles that are being violated now, they are distorted and become not an advantage, but presented as a flaw that needs to be fought. Transparency becomes the basis for restrictions and blocking, to the destruction of anonymity, and also there are attempts to control decentralization from a single source. And all this is influenced by the drastic changes taking place in the world not only because of armed wars, but also because of ideological wars.

Wars like the one in Ukraine cast a long, ugly shadow across everything, crypto included. When bombs start falling, it ain't just buildings and lives that crumble, it's the whole damn interconnected web of the global economy. And yeah, even digital wealth, with all its promises of freedom and independence, ain't immune to the tremors.

But here's the thing, partner: while war throws a mean punch, it doesn't necessarily spell the end of digital wealth. This ain't our first rodeo – crypto's weathered its fair share of storms, from regulatory crackdowns to market crashes that would make a roller coaster jealous. Each time, it's come out a little bruised and battered, maybe, but still standing tall.

Why? Because the core principles of crypto – decentralization, transparency, and resilience – are rock solid. Unlike traditional financial systems, where one bad apple can spoil the whole bunch, crypto spreads the risk like butter on toast. No single entity, no single server, can control the entire network.   Even if individual coins take a hit, the foundation of digital wealth, the tech that makes it tick, has proven it can weather the storm.

The key point is that it's still a great economy. But as you know, the withdrawal of Western markets for consumption, investment and technology is a very painful blow to China's economy. It simply has nothing to compensate for such losses. High-quality goods were bought by developed countries for stable currencies (dollar, euro) and paid a good price. After the fall in demand in the West, who to sell it to ? Russia ? So why does China need useless rubles? And the population is not ready to pay a high price for quality goods. Russia buys back cheap consumer goods from China.  The fall of currency inflows also reduces the possibility of buying anything on the foreign market.  The departure of investors means taking huge sums from the budget. And the burden on the budget will grow, because the fall in production will cause a decrease in tax revenues and increase unemployment. And the game of confrontation with the West - for many years, if not decades, will make China a country not attractive for Western money....

Yeah, that is exactly how governments want you to think and see the reason of those regulations. When the truth is that fiat money is much more convenient and untraceable than crypto. And that is cash which is used more often for some illegal activities, while crypto is not as popular for this, as states want us to believe. Crypto is used for purchasing weapons or terrorism quite rarely, because it is not convenient, it is much more open and transparent than cash. And the true reason why it is being regulated is that government want to have it under their control. And they want to make profit from it.

It is foolish to deny the negative impact of war on the development of cryptocurrency. War is the total destruction of people, the environment, and material wealth. It all depends on the size of the territories that are at war. If people die, their cryptocurrency wallets with the cryptocurrency in them disappear forever from the market. In these cases, the cryptocurrency market cannot react with price movements. And in war-torn zones, there are other problems than determining the damage caused by the war to cryptocurrency. And this is still impossible to determine due to the specifics of the functioning of cryptocurrency.
In addition, during the period of expanding military conflicts, states are forced to tighten the circulation of cryptocurrency, fighting against the illegal proliferation of weapons and the financing of terrorism.

The success in businesses and government jobs can identify the economic situations but I think crypto market cannot identify the economy of a country. Like it is not effected by wars but economic situations of a country alters after Initiation of war.

War was there in previous months but still crypto development takes place because of null effects of war on it and the price go ahead without any decline. Although humans financial system can be better with the help of crypto investment but it also requires wealth and also if a financial system of a person becomes better then its up to that person but overall situations will remain same because poor are unable to invest and wealthy people are not ready to help them.

The China was the dominant country in the Asiatic region,the people of Arunachal Pradesh was in the confusion of the China or India border.Nearly 1126km was connected with the China by the Indian border.It was second largest border for the India next to the Jammu and Kashmir.That much territory importance hold by China in the Asian region.The five finger policy of the China made them more powerful country in the Asia region,the population in the China was correctly used by the Chinese government.The Indian also had huge population like the China,but they was busy with the internal conflict of religion,region and the ethnicity.The demand for the Chinese goods was not replaceable in the Asia nation.So the economy of the China was highest in the Asian region.

China is now actively "colonizing" neighboring regions, diverting the attention of these countries by "fighting imperialism, the U.S., and the dollar." At the same time, China has already become a colonizer of the countries of the African continent, part of Southeast Asia, and is trying to expand its "quiet colonies" in other regions. And many people fall for these manipulations, losing their opportunities, future, resources....  China does not leave physical seizure of territories either. First of all, it is the idea of "demonstrative annexation" of Taiwan. One of the directions is the return of historical territories temporarily belonging to Russia, including Lake Baikal as a key goal (remember this "prophecy"). I pity those countries and peoples who fell for China's manipulations....

The crypto was the hidden asset to us,we no need to do any safeguards like the land assets or the gold asset.In the war,the army can cease your physical property and gold,wealth from you.But they don’t know the digital asset in your mobile phone,this help you to understand the reality.After the war,you can use your digital assets to purchase the basic needs.With this digital asset,you will be one step front of your co people who escaped from the war.Because they only depend on the government who won the war,but you can be self sufficient by this digital asset.


Many think their was life after the life,but who know that,is their any proven fact about this.So live your life peacefully without affecting others,you should enjoy yourself.The way of earning money must be increased in the different way,So you no need to ask any person for the loan.

stress can cause something like that. In today's world, many people have difficulty living their daily lives and there are many factors that influence all of that, however there is still the best solution to living a better life, don't waste this hot life because there is still life after death (for believer)

For now it's not Taiwan that China wanted to invade but clearly the Philippines. The West Philippine Sea has vast number of resources to steal so why bother invade a country that is just on their backyard? China wants the entire WPS then conquer both the Philippines and Taiwan for them to control the trade route. This is actually the war of resources because the more resources you have then the more powerful you are.

Having crypto does not even guarantee that we are safe only if we survive the war. Though having assets like crypto is for me better than those other assets because no one can steal it from us and if we fail to survive then that crypto will be lost forever with us.

However, in general this statement is true. States will legalize cryptocurrency if at least general control over the movement of funds in cryptocurrency is observed. You should always remember that it is much easier to prohibit than to control some process. Therefore, KYC will in the future spread almost everywhere where cryptocurrency will be converted into fiat. Especially now, when military conflicts are growing, the demand for weapons is growing and various terrorist associations are raising their heads.

That’s the whole problem of “two sides of the coin”... People develop and invent very useful solutions and technologies for BENEFITS and CONVENIENCE. But there are often people who use these solutions AGAINST people. Directly or indirectly - for evil! And this applies to almost everything that surrounds us... From dishes to nuclear fusion - it was all designed for people, but is used against people and humanity

These two sides are in absolutely any phenomenon. Cryptocurrencies are not an exception or something unique. Only those who benefit from linking them with criminal activity emphasize only one of the parties. But objectively, it is immediately clear that cryptocurrencies themselves are neutral, and the one who uses them gives them one or another color.

Like every instrument, cryptocurrency has “two sides of the coin” - on the one hand, freedom, convenience, technology,... On the other hand, the use of technology to finance terrorism, tax evasion, payment for prohibited things,...
And the saddest thing is that both sides of the coin are made by PEOPLE! It’s like a story about weapons - they were invented for hunting and protection, but in the end they began to be used to destroy their own kind... Accordingly, another question is - are people ready for such decisions? Or what needs to be done to ensure that good decisions are not used for evil?

PS...but we have to pay taxes!

It is unlikely that this will turn into a "default charge", with a high probability that the rules and laws for working in the crypto market will be strengthened. In any case, all criminal transactions with cryptocurrency are mostly finalized by converting criminal money into fiat currency bundles. It's just that not everyone is interested in the numbers in the blockchain, because not everything in the end of illegal "activity" can be purchased with cryptocurrency. Therefore, new mechanisms will be introduced in financial systems, banks, funds,..... Yes, it is not in the hands of the average person, but this is the price of using cryptocurrency in illegal or anti-human affairs

It definitely would affect us all in crypto because during the Ukraine  vs Russia there were massive destruction of properties and lives and so on which affected so many sectors of the economy.
We pray for peace and unity among nations but in the other hand if any country should rage war against another it will  affect everything  both assets and in that vein there would be a reduction and indulgence of crypto because individuals will be thinking of how to cater for their properties and stuff.

So how can your digital wealth be safe when it's connected to the Internet and electricity is being powered, what if when a missile was launched  it burnt down the power station  and corrupted the internet and everything was lost...u can't  tell by this.and we don't pray to have such conflicts so as for we all to be on a safer side.

It's not that simple. War can burn a country's resources and make the economy unstable. It will increase its GDP because heavy expenses from the war will bear the expenses. War, inflation or crisis of these have their own impact on the global economy. War causes damage and destruction, it also opens up new job opportunities for people in the military industry. Inflation is considered good if it stays low and stable because it encourages spending, investment and higher wages.

Even if we wouldn't have had any wars, famine and other catastrophes, crypto have its place in the modern world. Because it offers anonymity along with transparency which fiat cannot provide. Fiat is controlled by governments, while crypto is decentralised and more free to be used.

I feel like we are on the opposite side of the story though. When there is nothing bad, no wars, no famine, no bad things going on, then why would we even need anything like Crypto? Fiat would be fine as well and we would all do fine. Obviously cyrpto does better because when all those things happen, there is a good reason for fiat to drop in value, and that makes gold go up, that's how it has been for hundred years now, fiat goes down and gold goes up.

Nowadays, we have a digital gold, which is bitcoin and that means when things go badly then fiat loses value and when it does, people use bitcoin and buy it and store it to keep its value, that allows them to do fine. Obviously people should be doing a lot better.

Cryptocurrency or digital currency is the future. With the passage of time, more and more people will recognize this.
It is always better to store your value in Bitcoin compared to other storage options. You can easily carry Bitcoin around the globe compared to dollars.
During crises, Bitcoin is a much safer option like you said, cash at home can be burned or stolen, and banks could go bankrupt. Whatever the crisis will be, you will always have Bitcoin in your wallet, safe and secure. During the war, currencies can be devalued, and physical assets -cars, houses, banks, etc.- can be destroyed, but Bitcoin will be there for you in such instances. 

This is true, I mean the news about Russia selling weapons from the war field in Ukraine to HAMAS, however, I have doubt that it will lead to KYC everywhere, because governments can close their eyes on many deeds when it is not advantageous for them to pay attention. Moreover, control requires very serious developed tools and a large staff of employees to carry out this work. But now not everyone can afford it.

I wasn't aware of this news, but it is terrible! Many Western governments are eager to control every single transaction with the excuse of money laundering and financiation of terrorism. The first one seemed to work, while the second one started to sound like an excuse for control. But now, if what you say is true, they'll have the perfect argument to make every hodler look guilty until proven otherwise. Expect KYC everywhere for everything related to crypto

In addition, there is already information that it was Russia that "worked on the project" of transferring to its brother Hamas, weapons that were seized on the territory of Ukraine, in order to create the appearance of "uncontrolled spread of military aid to Ukraine".
There are already a lot of recordings in the public domain, where among the cries of Hamas terrorists one can clearly hear the cries of Russian "consultants" - "withdraw, cover, ....".
Next week there will be interesting information about the investigation into the interaction between the Kremlin and Hamas leaders, funding of technical assistance... Israel and the US will not keep quiet this time and the world will soon find out who is the mother of world terrorism.

I will assume that Russia, once again, made a wrong assessment of the development of events, as it was in Ukraine, when they expected to be greeted "with flowers", and the AFU and volunteer battalions will not offer significant resistance to the "second army of the world". So in Israel - the idea seems to be to ignite a new fire in the Middle East, in order to weaken support for Ukraine, where Russia is losing, to increase the burden on the US budget, and to reduce the information field about Russia's crimes. But it will turn out differently - the world will learn who has nurtured and supported the international network of terror, and what must be done to eradicate the problem. Who doubts in the status of Russia - "the mother of international terrorism", I recommend to study the concept developed in the USSR - INTERNATIONAL TERRORISM. It was in the late 50's, at the highest level, realizing that direct military confrontation with the countries of the west - does not have a positive result, the USSR decided to systematically destabilize the world through terror. This is all in the open sources. And the second, easily verifiable fact - as soon as the situation in the USSR/Russia became really difficult - world terrorism immediately "faded".

And now, after another "project" of Russia in Israel, in "commonwealth" with Iran and a few other "friends", the world will realize that it is necessary to gather all forces in a fist, and to put a fat point in the history of world terrorism. Otherwise, terrorism will destroy the world like a cancerous tumor destroys an organism that does not realize the risks of this disease and does not take emergency measures.

I am sure that now the military-industrial complex sector will be actively developed in all countries, measures will be taken to minimize economic contacts with terrorist countries and their accomplices, to degrade their economy and society.

The only negative effect may be more stringent regulation of cryptocurrencies as mechanisms for financial interaction between terrorist countries and groups.

But if the economy is affected then our crypto assets will also be affected because the cryptocurrency market is also part of the world economy. If there were no war, inflation or crisis, I believe the market would develop better and we would be significantly more profitable than we are now. Is your cryptocurrency portfolio profitable or is it still losing value due to market declines? That is also the impact of the war on investors like us.

Greetings fellow countryman !
"The world is tired of war" - yes there is such an opinion. simply the world has forgotten what war is, and therefore considers that war, as a light in the room can be turned on or off. They're tired, they're uncomfortable.... But they do not realize that now it is Ukraine that holds the brown plague of RASHISM, and does not let it go further, for example, to the same "war-weary" Europe....
Regarding the reasons for the massacre in Israel - I am sure we will soon find out who was the "architect", who helped and armed, who trained ... And believe me - there will be no surprising discoveries. I have enough recordings from Gaza, where during the battle sounds "Allahu akbar", and then in Russian shouts "cover us, let's withdraw". In order to stop world terrorism, it is necessary to destroy its lair.
And I'll just remind you, and anyone can check it out - as soon as things got really bad in the USSR/Russia - the level of world terrorism dropped sharply....

If there are wars like what is happening now in Russia vs. Ukraine and Israel vs. Hamas, I don't think we crypto enthusiasts will be affected much by this, except for the people who believe in crypto who are in the country of war itself.

People like that opportunity, and our crypto assets should be stored well, not only in hardware wallets but for USBs or sny cold wallets. Physical things can be damaged, but not digital assets like Bitcoin. The economy can also be affected, but not the digital assets we have. The recovery of the country may take a long time when the war ends.

This is so true, we can't even condemn the war crimes that has been committed by their government or their military without being misunderstood as we support one side. I mean we can support the innocent civilians on both side, who are the real victim of the war.


I would tend to disagree, both Small Scale war or either World War will decrease demand in crypto, even small scale war will affect many people and those people wouldn't even slightly think about investment or crypto while they can't even get food, water or barely survive. War never has any good impact in any aspect society, politic or econom.

Kashmir is missing from the highlights .. Also we all want peace but according to the human physiological cycle it's not possible in any age, Still, I hope all will end with peace, Standing with the Peace Talks Solutions.
War's are not the solution but it's a dead end for every country.

---

In Israel vs Palestine, I hope for peace, currently, Palestinians are the ones who have been victims for along time.

The problem with cryptocurrencies is the need for internet. In war, the internet is often restricted or cut off altogether. Therefore, paper money starts to be in high demand in this case, as it is impersonal and no internet is needed to transfer it. Of course, where to store paper money is a separate problem because of looters

yeah you are in the line of fire.

I live in the NJ and NY area I have a few Ukrainian friendships and a few Russian Friendships.

It is a struggle for them as my Russian friends do not want to support the war but sre afraid of Putin and my Ukrainian friends have lost 😞 relatives.

We all know btc can let you move wealth out of one country so war does show that value. I remember the Ukraine was able to get a lot of funding via btc.

Now I am anti war across the board. My fear is stricter KYC and rules from the USA. They will say Hamas gets funds via crypto and we can’t freeze them like we froze Iran 🇮🇷 six billion.

I also fear snowball effect Ie China vs Taiwan.

Some good replies here as people in general do not want the destruction war brings.

Seems like it was all a big scare and nothing on the size of the Ukraine invasion effects.

Oil went down, actually lower that it was before this whole shitshow, the only ones that are getting recked are Iranians as their currency went nuts:

now that Qatar has frozen those 6 billion they were supposed to finally get.

So probably if we exclude the humanitarian consequences of this nothing major in the economy will happen, China is quiet as it has its Uyghur problem, India just....common, we know how much they love Pakistan and Muslims, so most likely everyone will stay quiet while Israel turns the entire Gaza into Mariupol.


That's if there is a fire you're away and the seed is not in the house, if a JDAM is dropping on you cash or trezor or whatever cold wallet you have it doesn't matter anymore. The whole thing is so damn complicated, you have 5% of your wealth in BTC safe but you lose 95% and maybe you lose a leg or a hand, at what point do you start thinking if it maybe was better for all to end it right there?
This whole shit is so depressing!

Stop the war.
Peace is the most effective way to make the world return to normal, solemn life without any divisions.
War requires a large budget to meet the necessary needs and post-war also requires a large budget to rebuild all damaged sectors. The most valuable thing that is difficult to recover beyond the economic impact is the psychological impact received as a result of war.

Local wars certainly help increase demand for cryptocurrency. However, as the threat of them turning into a world war increases, the demand for cryptocurrency is likely to fall. After all, people will have the primary task of surviving in this situation, so first of all, clothing, food, shelter, everything that helps a person survive will be important. Any money in this situation will lose its value, and cryptocurrency as well.

For countries that are not affected by crypto assets, especially Bitcoin and gold, they are very suitable for investment. Maybe you could add shares in military drone companies. However, it feels a bit heavy hearted to mention this when there are people who have suffered as a result of war.

Real trading turns out to be more painful. An ongoing irony.



At least there is still hope from people that this situation will soon improve even though if you look at it logically this situation will continue to escalate. The economic crisis and natural destruction have encouraged some brains to go wild under the pretext of survival and maintaining self-respect, isn't this the same as cannibalism, killing to survive.

Sooner or later we will see developments in the industry sector such that drones may become worthless. I saw a design for the first anti-drones. It sprays a gelatinous substance that makes the drone stop. There are guided lasers and there are some modern technologies that make these new tools useless. Tracks and armor will remain valuable unless laser weapons or any rays capable of dismantling and destroying armor are invented easily, but the problem lies in the cost. If they are cheaper than drones, it will be devastating for this industry.

As for the economy, I still see what is happening in Gaza as limited, and if it does not turn into a global conflict, it will end within two months and we will return to the old war. Taiwan and China may have a war between them by 2030.

In my personal point of view I will say that yes global war or economic war what ever you say I think  it does effect on all sectors also can in crypto.
I think the cryptocurrency world is definitely connected to the physical world in some way. So when these global conflicts start, I can say that their effects will somehow affect our global economy. And I think that's where the key lies when you look at the global recession that creates inflation. And it certainly has an effect on people's economic condition, so I think it has an effect on investing in cryptocurrencies as well.

everything that is happening in the world now is a consequence of the cowardice and softness of the West, and its attempts to flirt with terrorists....
I will not tell about all of them, I will tell only the situations of recent years. In 214, the world decided to "ignore" Russia's terrorist attack on Ukraine. Decided not to interfere... Why should Merkel, for example, break contracts with Gazprom that are favorable to her personally? The money is flowing, everything is good, so what if they destroy Ukrainians - in Germany it is calm and comfortable.
Not so long ago, Israel trumpeted that it is impossible to soften the terms of sanctions against Iran, especially with regard to weapons. The EU came out with the initiative "and let's believe them, so what if they don't let us control the fulfillment of Iran's commitments"....

Until 2022, Russia repeatedly and demonstratively brings the EU to its knees by threatening to stop gas and oil supplies.  Europe becomes an obedient sheep and dances to the tune of the Kremlin. In 2022 Russia is trying to simply DESTROY Ukraine. And already openly declares - "EU is next YOU !". And here Europe realizes that this is not just propaganda, this is the real PURPOSE. Having started to help Ukraine, the EU meets with economic (oil/gas) terror, which after COVID-19 is very painful and hits the EU economy very hard. But thanks to Merkel's resignation, adequate politicians came to power and the EU found the strength and capacity to adapt and rebuild. Russia shot itself in the foot. Realizing that the war is headed for defeat, Russia starts sabotaging gas markets - blowing up Nord Stream and recently the Balticconnector pipeline.
They also provoke a new conflict in the east by siccing their "terrorist brothers" on Israel. Do you seriously believe that Hezbollah could have prepared such an operation on its own? The goal is simple - to distract the world from the tragedy in Ukraine, to unleash a major war in the east, in order to destabilize the region and ... yes yes yes yes - the oil market, which Russia has lost, and no matter how hard it tried - lost profit.
There is an ancient axiom in the search for criminals - "Find out who benefits". And the economic terror will continue for a long time until international criminal regimes and their puppets are destroyed in one way or another.  Conclusion: we should prepare for a new period of destabilization of the world economy. But do not seek agreements with those who came to destroy you or break your habitual life and ECONOMY. It does not sound pleasant, but it is better to know the diagnosis of the disease and treat it than to engage in self-deception....

Of course, it's hard for me as a Ukrainian to hear that the world is tired and bored with the war from which my country's suffering every day, and not that since it's a big country, the scale of this war is much-much bigger than the war of Israel against Palestine. In any case, I don't think the escalation happened 'cause the world got bored. If anything, I believe Hamas is controlled by Iran, and Iran is militarily friendly with Russia, so perhaps they've made some sort of deal to distract the world from Russia's activities by making people focus on how cruel Hamas can be.
The financial side of the op's post is reasonable, it's true that there's often a disproportionate interaction where a drone can take out something much more expensive, but also, looking at the Russian side here, a relatively cheap drone can trigger a much more expensive spending on an air defence missile on it. These things can make drones much more popular in the military in the future, but, to be honest, I don't think that has any impact on the crypto market or on the global economy in general.

Yes. and It gives us the right to buy and own digital currency at a set price which can also be considered an investment option as well. which can increase in value either very quickly or slowly as the asset appreciates.


The real world trading.


A good message from you and what is clear is that in the future there will be many riots in many places and it could be that 2024 is just the beginning, coupled with changes in natural conditions that are less friendly.

However, for somebody who is living in a bombed 20-story residential building in Gaza, it probably doesn't matter whether your money is in cash or in Bitcoin. If your building is reduced to rubble, will your seed phrase written on a tiny piece of paper survive?

I know that a digital copy stored online, even if encrypted, isn't recommended, but facing a terrible war, invasion, or bombardment, would it be wiser to keep a copy online?

Anyway, I think this conflict is much more about the shift in military gears or certain economic motives. This is basically about long-standing hatred.

I also hope and pray for peace, everywhere!

Being decentralised the market won't be much affected, even in this situation impact can be experienced as the bitcoin market is working with some sort of connection with the traditional system to some extent. One such thing happened with the Ukraine-Russia war, exclusion of Russian banks from the global Swift system. This restricted the cross border transactions and the usage of cryptocurrency increased and during those days more transactions and donations took place in terms of cryptocurrency. This marked the market to be bullish to some extent, further the regular pattern of growth took place. Even with the ongoing Israel-Palestine war cryptocurrency have come into discussion, as Israel authorities have frozen cryptocurrency accounts connected with the Hamas Military group with the support of Binance. This step have been taken to restrict the illicit usage of bitcoin. Hamas considered as a terrorist organisation looks for more opportunities as the traditional financial systems were tightened to support its activities.

I guess you are doing the same thing too? I don't think this will encourage people to start investing, it will fool the masses into thinking that this is the end, many weak hands will sell and stay away from crypto, only smart people will see this war as an opportunity, just like how the covid virus played out, since I've learned my mistakes in the past, I now sees this as a buying opportunity, I am just been greedy when others are fearful.

I was honestly waiting for something like this to happen, I don't hope for war though but a black swan event? Yes of course, I will just keep dollar cost averaging into 2024 and probably take my rest after Bitcoin halving and two months after, I am doing all these based on what we've seen in the past with crypto.

There is this asset that I invested into since last year, and just because the CEO is from Israel the investors of the project are already in a panic mood, they are selling even while the project is very strong right now, one of the most talked about in the space now, yet people ate getting out, after doing my own research I see that the CEO isn't even in Israel but Massachusetts.

We have seen cases of war having effect on the economy, one of the effect of war in the economy is inflation. The Russia and Ukraine war is a typical example. Because of the war, Russia no longer have aid they usually get from other countries. This will some how affect their economy one way or the other. War indirectly affects the world economy too it may seem like it not but it is, the money used in funding the war is governmental fund which can be used In other sectors of the economy. We saw a complete twist on Bitcoin going down when the Russia/Ukraine war started, war can have effect in the crypto space as well. War doesn’t benefit any sector of the society rather it brings heart breaks and loss of life and property.
  Currently we are seeing the dreadful event happening in Gaza, how lives and properties that took years to build are being destroyed in just a split second, War brings nothing but destruction. Same way it has physical effect on the economy, it can also affect the crypto space too, we have some whales in the crypto space who are secretly funding this war. And we know once a whale or two whales tries to sell, it’s affect the market also. This will cause the price of asset to reduce, which can affect you that’s knows nothing. This is why we need to be involve in listening to news and listening to financial experts. Bitcoin still a save place to save your asset though.

I can't speak about the politics or the war because it is a two sided thing and there will be a lot of people from both sides that will attack me if I pick one side. I do not want that, I do not care about your ideas, there is one thing I care about and that is death. This type of war or all wars basically, result in death and that is always unreasonable.

If there are people killing each other, then I do not care about ANY reason that you are giving, whichever side ends up killing someone is doing something wrong. I do not care who started it, all I care is who ends it and I want it to end. I want this one to end, I want Ukraine vs Russia to end, I want all wars and all killings to end in the world. Financially speaking this is beyond something we can calculate, it is just doesn't have a value attached to it, a human life can't worth anything put to fiat terms.

Of course, in the context of OP titles, economic wars affect the market for cryptocurrency, and I have proof of this in the current war between Israel and Hamas. (The cryptocurrency market has also been affected). And this is the main reason, thanks to which I believe, that the economic war also affects the cryptocurrency market. Obviously, the country that has been involved in cryptocurrency must sell its assets in its bad times to meet war reasons or basic needs, just like the selling pressure entered the market due to the war between Israel and Hamas, and the market went down by 2%. It is a small state, due to which some effect was seen; if it starts a war between big states, then its effect will also be big. And now, I think, due to the conflict between Israel and Hamas, there is a risk of the intrusion of a big country in between, and if the matter deteriorates in this way, then everything from the economy to the cryptocurrency market can be affected.

More persons who are not yet investing in crypto will consider it more with all this crisis and them seeing how easily other physical assets can easily be destroyed and lost, and how safely one's assets can be with crypto especially bitcoins.

For us already in cryptocurrency, the entire situation of the crisis and how easily we understand that it can spread gives more reasons to want to invest more in this asset which is bitcoins.

Sometime ago I made a thread on War who benefits and how, just trying to understand what has been the benefits of these war in Ukraine and Russia both for the inside and the outside world; and now on the intense is Isreal and Palestine. And now @philipma1957 your op has given me a clear insight to that.

With the constant development of technological weaponry a market has been established and the cost of keeping this market booming is by the planting and
underground  sponsorship of war in different places because without wars countries would have no need for these weapons and the market won't make money.

 This is why certain conflicts that ordinarily have supposed to have ended keeps flaming up just when we think it's about to see peace.

Having crypto right now is safer and important to having physical assets, however with the wars and all the bombardments it therefore increases the burden of search for a safer place to keep your seeds phrase so it doesn't get destroyed leading to loss of our crypto assets as a result of having the position we hid out seeds phrase hit by a drone attack.

I also stand for peace... For only peace can save us.

You have asked a very salient question but let me think outside the box in providing a response. Yeah this new method of attack will ultimately alter the value of physical assets but may not  have an increasing effect on crypto asset.

For in times of war what's important is survival and apart from not being hit by a bullet or an airstrike you will definitely be hit by hunger. Hence people with crypto assets will be force to sell to enable them have cash to access food for survival of not just their self but family's. And this doesn't look good for crypto assets opposed to an increment.

If there is no war, then the leaders/politicians don't have any other point to play the dirty political game.

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From a crypto user's perspective, we can say that the digital assets will not be affected during war, conflict between borders so if we got the opportunity to move we can take away all our net worth in our hands which is not even possible in any other investment medium.

And this attack proved that governments are spending billions of our tax money for something that will be absolutely useless with the technology advancement, and we have been robbed for our entire lifetime for no reason.

I am sorry for your loss, many people lost their loves ones in the 911 attacks and that gruesome effect scared me even when I was not living in United States then, see what happened with the Talibans and Afghanistan? After years of soldiers deploying into the country these people still end up winning, if the soldiers weren't called off it means the Taliban's will still be active in their dens waiting for the right time, yet Bitcoin was very much alive then, it makes new all time high still when the war was ongoing.

I am not happy about the war on Israel but the information I gathered says as of October 9 there is no report of any ongoing war on Israel and on October 7 the prime minister of Israel met with the Palestinian president to discuss ways to improve relations between the two sides.

Yet it's all over the news that Hamas struck Israel and at least 700 people were reported killed in Israel and even 400 in Gaza, I don't know what to believe anymore online, I doubt this will affect crypto on the long run, unless more countries join.

I don't think it's safe keeping recovery seed in an email, how do you tend to secure your seed phrase this way?

In every form of advancement we were able to see the transition taking place in size and power. Most of the time the size used to go down whereas the power used to be more stronger. One such incident that strikes my mind after seeing the incident is an experience I had while viewing a 1080p video. Connected a drive to my desktop and opened the particular video file. It didn't play on the monitor as it doesn't support 1080p video. The same file works flawless in my mobile device. So the advancement is trying to keep everything handy and in a much powerful manner.

I think the war economy will have no effect on crypto is not under anyone's control but will increase the demand for crypto. The wars also affected the interest rates charged by banks and other creditors to borrowers this is the result of war spending financed entirely by debt which has contributed to a higher ratio of national debt to gross domestic product and subsequent long term interest rate increases while fiat currencies suffer. Nowadays every people are very aware about bitcoin and they know the use of bitcoin which will help a lot to reduce the danger long term investment will yield better results.

This war has shown that no investment is void of risk. I watched the way a missile made a skyscraper crumble within a few minutes and it became clear that even the real estate sector is not safe. The increase in natural disasters like earthquakes and flooding has also brought to the limelight the dangers of investing in physical assets. I am sure that people will consider the benefit of investing in crypto assets due to the uncertainties associated with physical.  But this will only be possible with an increase in Bitcoin awareness. People need to know about Bitcoin and some of the benefits it offers. Holding crypto assets during these trying times also has some level of risk as discussed in this thread Keeping or recovering seed phrases during or after a natural disaster, but it is a good option.

Since you mentioned this equipment worth $5,000 that destroys a Russian tank worth $1 million (I expect it to be a drone), you can also add to it the equipment that Hamas used in its recent operation against Israel, which was called (Al-Aqsa Flood).

                   

This picture is of a glider called (Delta Plane) that was manufactured locally by Hamas. This primitive equipment, which costs a few dollars, canceled the work of the Israeli Iron Dome and air defense systems that cost billions of dollars, because these advanced radars and equipment are unable to detect this primitive equipment.

Therefore, I hope that these incidents will be a lesson for political and military leaders to stop spending more billions to manufacture more advanced weapons of killing and destruction.

I hope peace prevails throughout the world.

As far as I am aware, Hamas launched 5,000 missiles at Israel during the initial invasion by Israel against Palestine. Of course, Israel's prime minister has declared war, claiming that Hamas and Israel are actually at war. And while this is not ideal, I only wish that fewer people would be impacted by the strife in those two nations.
https://www.timesofisrael.com/hamas-commander-says-attacks-are-in-defense-of-al-aqsa-claims-5000-missiles-fired/

Even while the conflict with Russia has not yet been resolved, it has only intensified. I simply hope that the global internet and energy are unaffected because if they are, it would undoubtedly give our crypto fanatics a lot of trouble.

Now we seem to have entered the cold war era where countries in the world have created their own axes and can trigger war at any time. Of course, no one wants war because it will result in huge losses for those fighting and those around them. However, if escalation continues to increase and all parties are unwilling to reduce tension, we will not be able to avoid war.
We can already imagine that if countries and axes in the world went to war, it would not only disrupt the global economy but also affect the crypto market. Most likely because of this, the crypto market will crash which will cause quite massive losses and quite a lot of crypto-enthusiasts will fall into poverty because of this. Nobody wants this to happen, but in the worst case scenario it might happen.

OP It will definitely affect all crypto enthusiast negatively, how?

1. We wont be able to pay for things using our crypto because of lack of electricity and so wont have access to the internet. (This can be observed mostly in countries that accept crypto as a means of exchange).

2. We have been expecting mass adoption of crypto which is happening gradually. So the presence of war would reduce mass adoption of crypto, even as of now most society are still struggling to accept crypto because of their government policy so this might discourage the government to discard cryptocurrency entirely in their country.

3. Also for those countries that might be affected during the wars there might be government sanction or ban on crypto so many investors within those courtly because of the ban might lose their investment due to the fall of price. Most times some exchanges will refused withdrawal for person from those countries. This is why its advisable to keep your crypto portfolio in wallets and not exchange, because no one prays for things like this to happen but life is not fair, unpredictable things do happen unknowingly.

You need to take a note about a way you hide your key.

It's true every coins we have will not lose during war or natural disaster and we can easily carry and move it from a place to another one, but can we sure if during that chaos situation, we will carry our key?

Many people left their key in a hidden or difficult place to access, it's not fun when we're still search our key for risking our life.

That's why I doing this since this can make sure I always carry my key wherever I go.

Hamas hit Israel with rockets on a very large scale and harshly, inflicting about 5,000 rocket strikes. Following this, about a thousand militants invaded Israeli territory through gaps in the fence, with the help of boats and even by parachute, and carried out senseless terror on civilians.
  In response, the Israeli IDF has already carried out about 800 strikes on Hamas headquarters and centers, and has also received permission to conduct a ground operation in the Gaza Strip, from where the attack was carried out.

Israel can use Hamas' attack, unprecedented in the last 50 years, to completely destroy this terrorist group, which is generally not supported by the Palestinian people. I don't think this war will be very long. However, the world received another military hotbed in Europe. The UN was unable to pass a resolution this time either. The reform of this international organization has already taken too long.

That's an excellent point, in the medium term war magnifies the importance of crypto and the seamless way of value transfer they can provide.
You can't escape a war zone with bars of gold or land or a house, but you can instantly transfer all that wealth if it's in the form of crypto assets.

On the other hand wars and continued large scale conflicts can delay new capital entering into crypto space as crypto assets continue to be seen as a high risk asset class, so in times of strife and turmoil investors tend to shy away from risk until some kind of order is restored...

It has me thinking a lot. I remember the 911 attacks. I lost a cousin-in-law as he was a fire fighter he died rescuing people in the twin towers.

A lot of the world changed then. KYC airport security.

It seems the Russia vs Ukraine ,
Palestine vs Israel ,
Taiwan vs China in the future
. Not to mention 1 or 2 revolutions in South America Africa and Central America.

all mean an unsettled unstable world.

Bad for tech not sure as WWII was good for weapons tech. I just feel we don't need the weapons tech it does not help the world very much.

I know my digital assets are way safer than any physical assets.  I can place seeds in a few places not one. They won't all be knocked off.

Oh I can show a 24 word seed in an email to myself  that is not my seed but would let me find my seed later on.

or I could hide my seed on multiple emails to my self on multiple emails.  I do not worry if I have digital assets. they are safer than a bar of gold or even a home.

If we're going based on pure logic here, then the biggest effect that war could inflict upon the crypto world is nothing else but the cessation of technological progress. When we're at war, not only is manpower allocated and redirected to produce as much destructive force and firepower to put your enemies down, that also includes the R&D, as well as the technological prowess that your country boasts of. New researches being funded for better weapons instead of cancer research. People looking for more ways to efficiently and cheaply kill each other while the economy is going to the shitbox, that's all good examples. Another would be the fact that this could easily mean that crypto would stop being used and updated since everyone's just so busy killing themselves over something trivial.

It is not Ukraine vs Russia. You should be accurate when mentioning who started the invasion and who is the aggressor in this situation.


The conflicts, examples of which you give, was never about weapons only. The most profits made on political agreements, not on arms deliveries.


The ability to easily attack almost anywhere anyplace means everyone anywhere could be attacked anytime. And when a missile is hitting someone's home, it doesn't matter, if he has cash or cold wallet with secret phrase hidden somewhere. It will all burn.

Its now becoming like a big UFC or boxing match and it's sad the world is watching on while human both young and old guilty or innocent are getting slaughtered. Not just that there has been some reports that some ammunition used are those which were donated to Ukraine if this is true then we would be seeing more wars like this were other nations would be fueling the whole issue with their support.


Well I would say in this context yes it's best to hold digital asset than keep cash that can be destroyed but don't forget that there is digital banking too so really that's covered but rather I would say that war can affect a nation's economy easily and this can lead to their currency losing value but Bitcoin is decentralized so the value won't be effected by the situation of the nation's economy due to the war. In all let love lead the world.

I start this thread because my other thread was moved to politics.




https://bitcointalksearch.org/topic/m.62960887

2200 Rockets shot at Israel 40 killed.
October 07, 2023, 09:43:26

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I have zero issues with the people that moved it with out letting me know.


My main point is the new conflict was accelerated because the world is bored tired disinterested with Ukraine vs Russia

So we now have Israel vs Palestine

And likely we will next have China vs Taiwan . Just a future guess.


I see a huge shift in the military industrial complex's ability to earn profits. Due to modern tech ie Drones and the like.

I watched on film about 5000 usd worth of gear take out a 1 million dollar Russian tank .  At no risk to the operator of that 5000 worth of gear. 

So I am wondering when do these wasteful conflicts alter. Ships don't have the value they used to have.

 you can sink a 500 million dollar  ship with a 20,000 dollar drone.

This mean a huge shift in making money with military gear is going to occur over the next 5-10 years.

Is this new conflict going to be yet one more shift in weaponry.

And does the ability to easily attack almost anywhere anyplace mean having crypto is more important than physical assets.

I.E 10,000 cash in a home could be burnt. But my digital wealth is safe.

So forget

the war as political and think of the economic angles here.

To all in Ukraine vs Russia I hope for peace.
To all in Israel vs Palestine I hope for peace.
To all in China vs Taiwan please keep the peace.


To this forum will the new methods of attack alter the value of physical assets thus increasing crypto assets.