Topic: This Ukraine issue has me thinking a lot. In a crisis, how valuable is bitcoin? (Read 718 times)

I think it is a bad idea to send a private key via email, whether it is in one piece or obfuscated in multiple parts. If you really have to do that, then you should definitely make sure that the private key is properly encrypted and with a strong password.

Well, if you have to flee in the middle of the night.... I would send a email to myself with an encrypted Private Key..... You just break it up into little pieces and you use your webmail account. This way, you can access your account in another country and you can restore the wallet or import it into Electrum and you will be good to go.    Example : Send this in 3 messages (3FZbgi29cpjq) then (2GjdwV8eyHuJJ) in another and then nkLtktZc5 in the last message... but put it in a lot of text that you copied & pasted from some online article.  

It will be too risky to take anything with you, because people can be looted or items confiscated on your way to your new destination. So rather just memorize the password to your webmail account and you will be fine.  

Even the Russian is changing their stance on bitcoin,


https://www.usatoday.com/story/news/world/2022/03/25/russia-bitcoin-payment-oil/7165901001/

This might not be a good case for bitcoin in the eyes of the US, but we will have to see if they are going to make it happen or not and want will be the response of the West and what country will take advantage of their oil and used bitcoin as form of payment.

I agree, bitcoin is valid all over the world and in fact, we can say that it is the safest currency to carry. But we are not in a situation where we can use it enough in our daily life yet.
We can't run away with bags full of money in war or similar situations, but we can turn our bitcoins into cash anywhere in the world. However, just using bitcoin is not enough yet, it is still very difficult to live without cash

If you have some asset which you wanna secure in case you are in situation like Ukraine then there is no best way to secure them but to migrate them to bitcoin.

But we can't negate the importance of fiat even during war since we need it to buy daily food items and pay for travel expenses.

One more thing you need to keep in mind before doing such move is that you need to properly backup you seed and private keys, because if you lost them you can never recover your bitcoin.

Very valuable in my honest opinion since it's digital money which tends to be extremely useful in these crazy situations. FIAT will still outrank it in terms of usefulness though at the end of the day for obvious reasons.

If internet is down in your area, you could always shift to a nearby area where it's up and complete your transactions though you would need to be careful wherever you go.

I have never experienced this kind of situation in my life so far(Hopefully stays the same in the future) which is why the above statements are basically my assumptions.

If I am not incorrect Ukraine is not the first time a war has happened and not the first time even in recent few years that People have to leave their home. But yeah in a situation of crisis unfortunately one thing that might get affected a lot is internet and also these investment might be very volatile to even consider in such time.

I've always wondered about this scenario, and maybe this time you can store that information in the cloud, but with double encryption if necessary, so that only then you can access, somewhere in the world they should provide internet, that's one way, because without the internet or without electricity nothing can be done, in addition the miners could not do their jobs, because there would be no way to be able to move the BTC, much less exchange or trade with them, many ways of being able to do something about this small scenario, nothing has been resolved yet.

Since Russia has already lost about 40 percent of its military power in terms of manpower and equipment during the three weeks of the war in Ukraine and its offensive is now practically bogged down, Putin does not want to admit defeat, but is looking for additional forces and means in other countries, actually drawing them into the war, which can already really grow into the Third World War.
Putin has actually drawn Belarus into this war from its first days, from whose territory Russian fighters and bombers take off and rockets are launched into Ukraine.
Now Putin is insisting that Syria commit 40,000 of its regular troops to take part in military operations against Ukraine as payment for military services rendered to Syria by the Russian army.
 Russia also turned to China for help in military equipment and food. Can you imagine: Russia is turning to other states for help, because it cannot capture and destroy Ukraine?
Russia has now deliberately dropped a super-powerful bomb on a theater in Mariupol, where there were about 1,300 women and children in the basement and they are still under the rubble for the third day, and the rescuers and doctors have long been killed and they have nowhere to wait for help. Those who survived are now dying a slow death there. And in Russia at this time they are outraged that in them soft food for cats disappeared from the store shelves and they call it the genocide of the Russian people.
It's just blasphemy..

It is a very good question and you might say the same about having your savings stored in banks that might be vulnerable to hacking or be located in a sensitive area. In these wartime situations it could become very difficult to access these wallets or transfer them, not to mention the possibility of your hardware storage getting damaged through all sorts of ways. It seems much more useful to have a (stable) cash currency available to hand or even precious metals like gold / silver if you think you're going to need to barter. Bitcoin definitely isn't worthless but it'll definitely be safer the further away from the war zone you are, if you're in the midst of it then storing it online might be safer.

Is the war finally over in Ukraine? But, even if it's over, the offline services in that country may still be not functional so there is no way to exchange your physical money to buy btc but if ever you have money located online, you are not going to be affected knowing that internet is now accessible using starlink.

For the countries that are not yet affected by wars or any other crisis, they should not wait for it to happen but they should keep some of their money in bitcoin right now. Bitcoin is valuable, there is no need to question that. The invention of satellite internet like the one Elon Musk have will not make us worry about the future of btc because we are soon going to use our btc wherever we are or whenever we can.

The sanctions on Russia by different organisations and the closing of businesses by leading companies within the Russia have made bitcoin more valuable. In terms of growth there is no big progress in the price. Rather than taking advantage of the opportunity, now every citizen of Ukraine have realised how good is bitcoin when in need.

Elon musk is supplying free internet to Ukraine so i think Internet will not be a problem in their area but yes investing in bitcoin would be one of the best act for them to keep their funds safer.
and also the prices of Bitcoin is much lower now so they must take this advantage before bringing up again sooner.

Anyone who is investing in Bitcoin has to be really careful. You have to know how much you can afford to invest and not invest all your money in it because you might happen to be in need of cash at any time.

Especially for those in Ukraine there is always going to be a need for cash in such a situation and if someone happens to invest all their money in Bitcoin, it is not going to be good enough for them because when they happen to be in need of cash, there wouldn’t be a way for them to easily access their bitcoin if the internet is down. The best thing would be to invest a small amount in Bitcoin and hold the rest as cash so that it will be enough for you to handle whatever need you might have.

Investing in bitcoin, like what's going on in Ukraine, is the safest way to keep your money. However, if the internet is down, you won't be able to access the cryptospace , which is why it's not a good idea to invest all of your money in bitcoin.

It's an assumption and a critical situation which no one should not get it.When you became a houseless in a war situation.The only option to get a money will be your phone and the wallet which had crypto currency.When their was a buyer in your nation, you can get the fiat equal to crypto on a real meet also.In the war situation, if you had not lossedthe seeds forthe wallet, it's enough to earn some good amount of fiat.

Mostly women and children leave the war zone in Ukraine, and now most of the territory of Ukraine is under missile and bomb attacks by the Russian army. Over 2 million refugees have already been evacuated from Ukraine. At the same time, about 215,000 men have returned to Ukraine, who want to defend their country from the Russian aggressor with weapons in their hands. Ukrainians are now confidently grinding eight Russian armies that have invaded Ukraine. The Kremlin has already realized that they underestimated the power of the Armed Forces of Ukraine and the confidence that they will be able to capture Ukraine there is decreasing every day.
In addition, fearing that the truth about the reasons for the attack on Ukraine, its course and heavy losses would become known to its people and, along with the consequences of the imposed sanctions, would cause just indignation, up to armed riots, Facebook was first turned off in Russia, then Twitter, Instagram, and now even want to turn off the Internet on their territory. Earlier we said that the state will no longer be able to turn off the Internet, since a lot of things immediately collapse. But the Putin regime goes to great lengths to stay in power.

Bitcoin might not be the only valuable coin during this war. It also appears that the whole cryptospace will be valuable for Ukraine to get more attention, to issue their own tokens or to mint their own NFTs to fund themselves during this war hehehe.

Similar to what I have said in another thread before, I reckon NFTs are becoming a special part of internet culture.



Ukraine's government abruptly canceled its planned crypto airdrop and said it would instead sell NFTs to raise funds following last week's Russian invasion.

Source https://www.theblockcrypto.com/linked/136211/ukraine-cancels-crypto-airdrop-plans-to-sell-nfts-instead



Decentralized autonomous organization Ukraine DAO raised 2,258 ETH (around $6.75 million) in an auction that began on February 26 and ended on March 2.

Source https://decrypt.co/94353/ukraine-daos-flag-nft-sells-for-6-75-million

From Ukraine's side, Bitcoin could provide safety of assets, your BTC will be there no matter what, even if banks collapse, or Ukraine enters EU and switches to Euro. You won't be able to use them if the internet/service is down, but at least your money will be safe.

From Russia's side, though, as I've mentioned before, sanctions by EU aren't actually hurting Putin, but his citizens, who saw Russian Rubble crashing and losing more than 30% of their money's value within a few days. In that case, Bitcoin would be useful to maintain the value and the integrity of your money.

Even debit and credit cards are useless without the internet, since they all require online verification to work, and it's almost impossible to to buy anything. Depending on the type of the crisis, there have been numerous cases throughout history when certain fiat currencies have also been useless.

It surely requires internet but you can use any device not only a mobile phone as long as they support internet and they have a browser in them. Why would you move to another country when you can just wait for the war to end because they are going to restore the internet after that.

Traveling to another country can be a hustle and can cost you more but it can be worth it if you have relatives there and if you are going to do other business and not only by finding an internet connection only to access your coins. I heard on the news that Elon Musk has provided starlink to the Ukrainians for them to connect to the internet. that should keep them going.

I would say that is the narrative that majority created by some that they hate fiat currency but in situations like these you need fiat for your daily needs since you cannot rely solely on online transaction as the internet will be dead if you are in a war zone.

I can only imagine how difficult things would be in a war zone and i have heard news about how people are not able to withdraw their money from bank and ATM as there is a shortage of hard cash. It is a really difficult situation to be frank.

Probelm is you won't be able to take cash out after a while. It's horrific, the ATM machines stops giving out money since the government is desperately trying to control their economic situation and at the end there is a limit on how much you can take out as well therefore I don't think that this is something that would work.

When you have bitcoins, you can convert it and encash in any card in any country at any moment therefore for me that was the only thing that kept me going and I was able to escape as well.

Also you can very easily use local bitcoins and encash bitcoins directly in the card that you intend to pay in therefore this is very helpful as well since local and international cards do charge a lot more than you think ! More or so it's around 10-12 pounds in total for sending 60$ and with bitcoins you can get it done in 2-4$ !

There's nothing you can do but save yourself the conflict and save the hardware wallet. If there is no Internet, no cryptocurrencies, you have to wait for the situation to be conducive to moving away from the war zone and it seems that Ukrainians has gone to neighboring countries, then it is time to act on accessing hardware wallets.

Without the internet, you are right, crypto is completely useless. I think you should be ready for every possible scenario. I know many people here hate FIAT but a $100 bill in your pocket might save your life if you were living in Ukraine or Russia.

People in Russia are having big trouble right now and I don't think owning crypto is making their lives easier. Sure they can protect their wealth in crypto but these people have to eat, make their daily shopping, pay for gas etc and crypto isn't adopted that much. They can't pay their bills with crypto but almost everybody there will take your dollars.

If they cannot trade, that doesn't mean that they're dealt with huge losses. It's still going to depend on the market situation because it's going to be losses at all times.
That's the reality that transacting in bitcoin always requires the internet and that's why if you're in an area that has no internet, you can't proceed.

with the help of crypto the insane western central banks could be taken down, look at all the war crimes the usa has done in the middle east and now its targeting eastern europe again.

the usa is the nr.1 issue it is a mad state. for everyone except the internal billionaires.

we needed all to be reminded of that.

Good point! Your bitcoin is really completely and entirely worthless if that's the case, processing your crypto into fiat or paying some needs via crypto definitely need some internet to make it through the other end of transaction. Your only choice is to move yourself into a place where it is safe and you can freely use your bitcoin, in-short move out to a different country. But you definitely need some cash on-hand to pay the services you needed for you to move out and the OP said that you don't have any cash and only have a phone and hardware wallet. So yes, the best thing to do is to get some help.

As far as I know bitcoin can only be used as long as we have access to internet, meaning bitcoin is useless without internet. But the same thing can also be experienced by other payment platforms that require an internet connection.

The solution is to stay away from the war zone and find a safe place with a good internet connection if the OP is an active trader. Internet connections in war zones may be unreliable and are more likely to go out from time to time so it will only interfere with traders' activities. Find a safe place anywhere with a stable internet connection so you can use bitcoins as usual. That is a good solution in my opinion.

At least they could use it in other countries to anticipate the worst case scenario. As we know Ukrainian citizens fled to neighboring countries which allowed crypto owners to be able to access their crypto that region. but to create tokens in that situation is not a good idea because there are other options for assistance using existing coins such as BNB which is low on gas fees to convert to usdt

There is another very important point - in a crisis or war, most people have no savings at all. And those savings that have been hidden under the mattress are devalued along with the local currency. Buying bitcoins to save your money is also very risky, especially if you're not willing to watch bitcoins plummet by 30% knowing that you've already lost a significant amount of money. Those who had spare cash invested it a long time ago.

For immediate payments and liquidity yes it is useless, if you compare it with gold or diamonds at this point even they would be useless because you don't have a diamond merchant who can buy them from you. But in the longer run networks, internet and electricity will come back live again, so as a store of value you definitely are leaving with something concrete and valuable not just something useless. For the time being you can say it might not help you getting out of that situation.

You leave your house, the bank did not work and you have just a worthless cash in your hand, but the major portion of your saving is in bitcoin.
Even if there is no internet at your location, you can move to another country and still live because you will get internet in other places. Having bitcoin is useful but first thing is that you must save your life from this war situation.

In times of war then you would really be mainly thinking on where you would be securing your assets from fiat to crypto because you would already projecting out on what would be the possible
things to happen but pretty much sure that majority of citizens havent able to set such thing neither they dont know about bitcoin/crypto or simply cant just afford on making such step
minding that it might really be that risky to do so or arent that sure.Of course you would really be minding first about your survival which you would be assuring priorities.

For our daily living we still need fiat. Bitcoin can help in a way that you don't have to carry any cash with you in war zone region. But even if you migrate to other country than converting btc to Fiat will be difficult as you don't have banking facility available in country where you taking asylum.
Bitcoin has its pros and cons in war situation. If you just wanna move your assets to safe location unless the conflict is over then bitcoin is ideal.

In a war situation everything changes, it is really sad to see the things that is going on in Ukraine and the circumstance where you are forced to move out of your house and leave everything you built throughout your life is really hard and their banking sector is down as people are left without money and long queues in ATM and in that situation cryptocurrency is the safest bet as you are able to hold your wealth in your own hands and in a volatile situation it is the safest approach.

The good thing about it is when war broke out in your country, and everything is in the chaos that you couldn't even bring some money with you because the looters are all over the place, you have the option to keep it in a wallet and just memorize the phrase seeds and other important details to get it back once it back to normal. You can walk in the city naked pretending to be a homeless man without anything but in reality, you are one of the rich human beings that has kept their assets securely than keeping them in the bank.

If it is that so, you dont have any choice but to used your money or fiat to buy your necessities instead of bitcoin. Unless you're  planning to go out on that place, and move to another place where there is an internet and electricity. Bitcoin is still valuable because you can bring it anywhere. It is handy and easy to use. You dont need any documents or ID because it is decentralized.

Anyone in that situation should just walk miles and miles to cross Polland because waiting for ware to be over will kill you of hunger. Seek refuge where there is cell signal.  

Bitcoin will be useless in situations where there is no electricity and no phones. This should be an early sign for us that it could happen in the future to any country that had not experienced war. It's often the energy distribution plan that will be targeted including the cell towers. Bitcoin however will be important for you because you can travel crossing borders without a problem.

The point is the internet, wherever you are, and holds the seed of Bitcoin. So no need to worry when needed it will be easily disbursed. Even when you are in another country. If the position is in a conflict country and the internet is difficult to access, inevitably you will still need fiat. as others have said above, at such times fiat to meet the needs of life plays an important role. Even in times of inflation, if there are no other payment alternatives, a fiat position is needed.

Why would you hand out your private keys to your relatives? Why can't you simply access their internet?

Again, the internet is down when the location is in the process of being conquered. If that's the case, you shouldn't even think of purchasing stuff; you should leave your place the sooner you're able to.

I am also from Ukraine, the banking system works, cash withdrawals are available. The situation is difficult, but we are holding on. There are very difficult areas, volunteers try to help everyone who needs it. There are no indifferent people, everyone has rallied as one, they help the refugees give clothes and provisions, there is where to sleep.

Once that happens, bitcoin use is effectively zero until you get access to internet and electricity once again. This is a base problem that any digital mode of transaction will face. There is no offline alternative to this yet. You would rather need hard cash in hand during such times.

Also in war-like situations, bitcoin becomes the least of worries, safety, food, water and shelter become the priority. In countries where bitcoin is already used commonly, they may be able to take advantage of this provided bitcoin price also does not drop due to the same circumstances.

But being honest, I dont see any use of bitcoin in such situations because internet will likely be down.

In times of war, the first thing to do is to ensure your own safety. You can carry cash, but cash also has disadvantages. If your amount is large enough, it will be inconvenient for you to carry it. In times of war, the value of cash will be greatly reduced, and you can choose to exchange it into any currency you want. However, any kind of online money requires traffic, and you still need to reach other countries where the network can be used as soon as possible.

Many people also think so, because the impact of war is not only the internet that dies, our lives are also threatened, our lives are never safe, for the time being it's better for you to use fiat currency, for you to make buying and selling transactions, until waiting for the war to end, if you want to use bitcoin, most likely you have to leave a place that is in war, because that is the only way out, but it is very difficult if we go to another country, when our country is in war..

In an emergency like that, it's clear that safety, water and food are the main things that we have to pay attention to, while bitcoin and other assets that we have in our wallets of course we can't use because we don't have internet access, but I think we still have to store them properly good because war will not always happen, and when the war is over at least we will have enough capital to start a new life later.

Without internet connection it is totally impossible to move your bitcoin or convert your bitcoin or any cryptocurrencys. coz crypto is digital currency and it is totally depend in internet. Without an internet connection your cryptocurrency is completely useless. Now you have only one way to use your btc. you can give your btc holding wallet access to your any trusted friend or Relatives who know how to use bitcoin and to convart btc to fiat money anf Who has internet connection. he-she can convart your btc and give you physical money for fiat money via your local central bank or mobile banking.

It's really too bad for this situation to happen. At that time, I think food is more important to you. Bitcoin without the network is meaningless. In this case, it can only play God to end the war quickly, Takes you where there is internet.

I can agree that at that moment presented, btc is useless as you can't do anything about it while there is no internet and your satoshis are in your wallet. But after the war or once you get into a place with internet, that's when you can use your btc and find your options how to encash it to your fiat. It may be worthless for certain cases but bringing your hardware wallet with you along to safety will give you a chance to survive once you are out of the woods.

At the moment when everything goes hard for people we can understand the real value of things like bitcoin, bitcoin could save many of us from the inflation rate which is rising in all over the world and could make many people rich, but these days after the war started between Russia and Ukrine we can understand how important it is to having bitcoins, imagine if we where in Ukrine and the ATMs stopped giving us money also we had no cash money, we could don't any thing and the money we worked for were losing it value everyday, while by only having bitcoins in some hardware wallet we could have our founds this war.

The @op is asking in a situation where the internet is not available and you are not able to do anything with your btc, how you would use the btc,  I would say it is completely useless,  a btc in a wallet without Internet can not help you in times of war when you are forced to evacuate the area.

It is a similar scenario to someone who went into the jungle or in a remote area where there is no Internet, he depends on his btc to exchange for cash but unfortunately, there is no Internet to access his wallet and he has no cash at hand, at that moment the btc is worthless because no Internet to do anything, he will be stranded. Some people are saying have a contingency plan, but there are times when things just happen suddenly without you planning for such situation.

               If you are heavily invested on crypto, then immediately evacuate from the place of war. What's important is the safety of you and your loved ones. Your property will always be there reduced to ashes or not. It should be obvious when a war is about to breakout so at the threat just bolt and think of it as a vacation and decide on the next course of action depending on the circumstances. But if war threat isn't that bad, or if inflation doesn't make things that difficult. Then just diversify assets. The thing with crypto is that it opens a lot of doors and gives a lot of opportunities. The only limit is a person's resourcefulness and ideas.

This is also valid, but what if you don't have access to the internet as well? What methods do you use to continue to earn money? However, we could say that if you flew to another country and all Ukrainian currency has been frozen, you will be unable to obtain money anywhere; however, if you have cryptocurrency, this is extremely advantageous as long as you have access to the internet. I believe it is extremely valuable in this situation because you cannot obtain money anywhere else unless you have relatives in another country who can lend you money in exchange for your time.

I am also in Ukraine and I can say that some of the information reported here is not true. The banking system in Ukraine is still working more or less normally. The hryvnia exchange rate fell very slightly. The National Bank has limited cash withdrawals for one day to the amount of UAH 30,000. It's about one thousand dollars. This is a decent amount and I think that in the current conditions it is normal.
Before sending donations to Ukraine, you need to make sure that the wallets provided are official.
Since I see that the account that provided the public address for donations is almost new, I would not trust him.

Cash in Ukraine is not depreciated, and bank cards still work. Of course, some regions sometimes suffer from lack of electricity because of the airstrikes, and in that case neither bank cards nor Bitcoin can work. Not to mention that, unfortunately, payments in Bitcoin are not widely accepted, and exchanging Bitcoin for fiat during shelling and when tanks are closing in on you is not exactly comfortable. So cash, Ukrainian fiat, is actually the most valuable thing right now for those who are staying in the country and those in most difficult situations. For those who are in relative safety, cryptos are gaining popularity over the war, with more and more funds accepting crypto donations.

As in anything online, when there is no internet connection then everything can come to a halt. I heard that in Ukraine, the company of Elon Musk called StarLink (hope I got the name right) is providing non-stop satellite-based intern connectivity to Ukraine so maybe in different places the internet can still be access in that war-torn country. Now, of course, when there is no internet then the best remedy is to run to a place where you can get the connection. And it does not mean that BTC is worthless...it is just that you can not access it.

The advantage of legalizing Bitcoin would help using that during this situation like war or any other crisis. I know the big question would raise about the uses of the Internet. Keep in mind, once a day Internet will be fully controlled by satellite where you don't need to seek the network. Then Bitcoin use will be hassle-free. For now, we can use the Lightning channel for Bitcoin even without an Internet connection. But in this war, people realized the importance of cryptocurrency. Every payment channel would block except Bitcoin. So Bitcoin still would help move funds from anywhere.

You're describing a situation where a person sells something, in this case Bitcoin, for fiat. It doesn't have to do straightly with Bitcoin. Obviously, due to the censorship of Russian banking, they won't.

They can't be used until you find an internet connection. Therefore, you can't use them in a location where internet providers have been seized and their business is shut down due to a war, but once you resort to another country, you can normally use them.

Even if you could use them without internet, you wouldn't; the first thing you must do is to leave your country.

That's a valid question! Without internet, your bitcoins can't be used. I know there are couple of experiments done to send bitcoins over a radio network and it was successful as well, but that's not widely implemented. So it will not come to your aid.

It's interesting to see what other ways people can share with you for using bitcoin without active internet at large scale!

Quite correct but I still want to clarify one thing. Say you leave the country where the war is raging to another country where you still could trade your Bitcoin and that would go into your fiat account and for people like the Russian citizens for example that might need cash, even if they are able to somehow sell some part of their Bitcoin into fiat and with the financial blockage the country is facing with the world, how would that person be able to use the fiat in their account if their banks have been cut off from the international banking system? Cos as we all know, not all Russians are in support of the war and some might want to go through this process we are talking about.

I presume that during a war, it'd gain value. In WW1 & WW2, gold's demand had risen, the fiat currencies were devalued into absolute nothingness. In such times, people back as much as assets they can, but mainly gold. Stocks drop since there's financial crisis and housing is even worse as there's seizure. Gold has stood in the first place due to its particular characteristics, such as durability, divisibility and ease in transfer.

If only there was another asset that had a better performance in those three. 

A war always brings great inconvenience, transporting bitcoins is simple, using them in that context much less, getting out of the war zone certainly helps the use and also the worldwide recognition.
Its power is recognition in almost all nations. But it has its limits otherwise it would be perfect! Let's say it is the choice of the least and safest evil in this historical moment! Having gold at home under an enemy invasion is useless (you can't carry it easily), having a bank account is also risky for other states that could seize your asset for war interests!
You will never have complete confidence in that sense

In this war scenario, you don't need to use your bitcoin but instead just put it to safety. Like the OP said, you have the hardware wallet in you. But first and foremost, you need to look out for your safety. Because your bitcoin will be useless if you're life is in danger. After the war, that's when you will use your bitcoin to survive. You can convert it to your local fiat to purchase your necessary supplies. So right now, I won't consider bitcoin as worthless even if you are in the warzone. It may be your savior from hunger once the war is over.

But it would be foolish to just wait until a more difficult situation comes along without preparing for any of the worst possible risks a few days in advance because (whatever you think) you are still holding on to your bitcoins rather than safety. This means that from your PoV, bitcoin is more valuable than your own safety.
Never mind for bitcoin transactions, all types of payments can be difficult to make and you won't even find an open physical store to shop for necessities in conflict-affected areas.

in times of war it is normal that electricity, internet are not working properly and even fiat will have a lot of limitation in its use, in which case the person needs to look for where there is a network to use the cell phone and also have to worry about where there is electricity, because it hardly ever power goes out all over the country, there's always some part where it works, so we can't think that bitcoin would be useless because fiat would also be useless in these situations unless people were walking around with a lot of physical money in their pockets something that in my opinion would not be recommended because it would only increase the risk of the person being robbed and maybe even life could be taken

it may not be helpful when the war drops down the internet and electricity , but for now it is Bitcoin in which what the world help using , even our forum and some gambling sites are making a donation using Bitcoin and other cryptos so yes this is still helpful for now.
but also this will be a good way to store their funds as the invasion continues to get closer because surely their economy will be ruined once being completely invaded so having funds inside crypto will save what they wanted to keep.

Think of this way. Every has a net-worth it could be in real estate, stocks, and fiat. You can't take any of them with you when you flee the country and you can't use them elsewhere. The economy is also falling so the value of all of them is also falling. Things such as gold are also extremely hard to carry around and in war time when crime is at its peak you may suddenly become a target if you are driving a car filled with gold bars!!

Now consider bitcoin, it doesn't take any space. It could be carried around on a piece of paper or tattooed on a part of your body that nobody sees! or even memorized for worse case scenario. You can carry any amount of it as you want whether it is 1 satoshi or 1000 bitcoin and it takes the same effort. It can be used elsewhere and its price is not affected by the internal conflict.

This makes bitcoin even more valuable than normal times.

Given that the bitcoin network consists of interconnected nodes that communicate with each other via an internet connection, by shutting down the Internet globally you will effectively prevent these nodes from any possible interactions and make the whole network dysfunctional and unusable. If we are talking about a specific country that has an internet access shut down or limited, then people living there still can use bitcoin, but it is going to be very inconvenient to make transactions. Remember, you don't need access to the Internet to sign bitcoin transactions with your private keys, but you do need some connection to broadcast it. Bitcoin transaction is just data, the sequence of numbers and zeroes that can represent in different formats, including text, pictures, sound, video, etc. How can you transfer all those types of information abroad, into a country where an internet connection is still available? Radiowaves, tv, mail, satellites, flashlight Morse code signals?

If you are in a conflict zone and it has come to a point where the Internet has been cut off, you should definitely have fiat, preferably in a foreign currency like dollars or euros, which you can spend on transport to get away. Bitcoins are useless in this case, but national currency is even more useless.

yes mk4 has it above, without an internet connection you cannot transfer Bitcoin,
or FIAT electronically. Cash is king in that scenario.

If you have to get out of your home and country and have your assets/savings in
for example Gold and FIAT it will become a burden and/or liability so In this scenario
Bitcoin is the clear preferred alternative as you are transporting something the
size of a USB flash drive or if your memory is fantastic you are not carrying anything
physical other than clothes/laptop/food.

Somewhat useless in the place where you are where networks are down(but so does your digital payment platforms), but obviously very useful in a way that if you can immediately leave that place and go to a country that's at least not(or not yet) affected by the war.

If you're still planning on somewhat staying in the war-inflicted country, then obviously you don't convert 100%. You still need cash for resources.

Assume you must evacuate your house during a wartime situation. You don't have any cash, but it's been depreciated owing to previous occurrences.

You, on the other hand, have your phone, hardware wallet, and seeds. You're in a nice mood.

The internet and cellphone networks then fall down.

How do you intend to use your bitcoin? Is it completely worthless?


_{Seeing a lot of news lately like: https://mycryptoparadise.com/ukraine-suspends-electronic-bank-transactions-following-its-unrest-with-russia/}