What do you think will happen to Bitcoin and others crypto during war

noictib

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Quote from: fabuloveu on January 05, 2018, 04:24:18 AM

I read about how gold and other precious metal was a safe haven for investors during precious war. And now the uncertainty of war between USA or North korea. I pray we dont experince another war. But if there is, what do you think will happen to bitcoin and others.

Here a big thing that I seen that everyone is expecting that war will be surely in future but in actual they are not seeing in the past where many countries made a descion and promise with himself that we will not use nuclear weapons and also we will not go for third world war to continue any war .
So here probability of war is not going more to happen ( in my opinion ) .
And also if it will happen then I am sure that people will move towards the online assets and in that case may be Bitcoin's price will get jump up .
But probably there may be chances that people will sell Thier bitcoin like assets and use them for the need that are necessary during those opposite circumstances in wars , so that can be results into dump of bitcoin .

grimoire5

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wow i never tough about it before...

Quote from: sp_skeptic on January 05, 2018, 09:51:00 AM

That depends on the war.

If the war threatens the integrity of the Internet then the value of cryptocurrencies will plummet. Think of North Korea threatening the US with an EMP device or the Russians cutting the undersea cables - they have been snooping around them with their submarines. In that case you'd be way better off with gold.

If the war just gets expensive and threatens the financial system then the value of cryptocurrencies should rise. You'd be ok with gold then too.

i tough before cryptocurrency is good investment during war
but now after i read your coments now i know i'm wrong
bitcoin and other crypto during war is not a safe heaven but maybe it price will collapse, especially if the war happen on the country that use crypto such as japan or south korea or USA
i'll think about diversification now

cherryfer

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Quote from: fabuloveu on January 05, 2018, 04:24:18 AM

I read about how gold and other precious metal was a safe haven for investors during precious war. And now the uncertainty of war between USA or North korea. I pray we dont experince another war. But if there is, what do you think will happen to bitcoin and others.

War is already written in the bible, but the dispute between the 2 country which is america and North Korea are really scary, because it is really deference the war for the past 78 years ago versus the war now using digital system its so really scary, we hope that they would reconcile and be friends for the sake of the people especially to all children. About Bitcoin even if there is a war it is not affected unless the International Space Station will destroy that the time bitcoin will absolutely collapse and all digital transaction.

minldem

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It is not a healthy way to keep your belongings with you while you have to run away from the war. I mean, if you have to move another country because of the hard circumstances arising from the war, crypto currencies would be much favorable since they are safe somewhere on the internet.

gracer88

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I think that the cryptocurrency will become such a refuge in the event of war. Or the war will slow the spread of the crypto currency in the world. In any case, this all will negatively affect the lives of many people. As a pity. For the sake of the interest of some personalities, ordinary people must suffer ...

Riddikulo

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Quote from: fabuloveu on January 05, 2018, 04:24:18 AM

I read about how gold and other precious metal was a safe haven for investors during precious war. And now the uncertainty of war between USA or North korea. I pray we dont experince another war. But if there is, what do you think will happen to bitcoin and others.

If in the modern world a war breaks out, the Internet and electricity will be damaged, which will destroy all digital currencies. But I think that the government will not allow such a turn of events.

Leocrypto da Vinci

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It depends: bitcoin and cryptocurrencies depend from a working network; if the blockchain will work, probably bitocoin will be very safe, more that fiat currency.

Oumal

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Watching what kind of war it will be, if the war is nuclear, and everyone will fight with everyone, then I'm afraid that bitcoins will no longer be needed, and gold will not be needed either. Food will be assessed and no more.
If of course we will be alive

whaawh

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Quote from: Tactical Genius on January 06, 2018, 06:52:46 PM

The value of bitcoin will just shoot very high if there is a war,the reason being that,more people will give off fiat currencies for virtual currencies,which will increase demand but ironically,after the war,value may fall because economies may suffer and so there will be little money(fiat) in circulation and that will force holders of cryptocurrencies to sell low in order to get the little fiat available. that is what i make of such a situation.

actually I think that this is a very important and complex issue, because today the modern war is aimed at the fact that, under certain actions, the opponents will primarily destroy the infrastructure. And this means that they will disable everything connected with electricity and communication. Thus, during the war, the use of crypto currency will be impossible.

Anco_Marzio

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During a normal war, bitcoin will be very safe, much more than fiat money.
Of course, in a global war, with a distruction of the infrastructure... well, better to have gold.

Flor1982

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Quote from: cryptopan on January 05, 2018, 10:05:37 AM

Quote from: fabuloveu on January 05, 2018, 04:24:18 AM

I read about how gold and other precious metal was a safe haven for investors during precious war. And now the uncertainty of war between USA or North korea. I pray we dont experince another war. But if there is, what do you think will happen to bitcoin and others.

War will trigger another recession that means the bankers and rich people will find a safe haven to store their money,which is crypto the BTC price might reach $50k-100k if a war will happen.

You're speculation is 100% wrong because Bitcoin and other digital currencies will be no more value during the war. The next coming war will be brutal lets say world war 3 because it will be a nuclear war in which capable of destroying everything including species therefore you should sell all coins for fiat and use it for survival. During the war all internet, electricity and communication will lost including buildings will be destroyed in which you never know if you are alive after the war.

Tactical Genius

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The value of bitcoin will just shoot very high if there is a war,the reason being that,more people will give off fiat currencies for virtual currencies,which will increase demand but ironically,after the war,value may fall because economies may suffer and so there will be little money(fiat) in circulation and that will force holders of cryptocurrencies to sell low in order to get the little fiat available. that is what i make of such a situation.

patrickj

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Quote from: fabuloveu on January 05, 2018, 04:24:18 AM

I read about how gold and other precious metal was a safe haven for investors during precious war. And now the uncertainty of war between USA or North korea. I pray we dont experince another war. But if there is, what do you think will happen to bitcoin and others.

Crypto's and bitcoin will stay still because we cannot control it. The only way to do is make our altcoins in a safe place before it will happen if it is. And we should consider this a wise idea to protect our assets in the future.

Magister Magus

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Probably, in case of war bitcoin will be most precious than gold, as fiat currencies will lose their value.
Of course, if there will be a global nuclear war, so no more internet, no more electricity... well, bitcoin won't be your priority... :-)

mpufatzis

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You don't have to worry even if a war happens. During the 1st and 2nd world war the battles were located in specific areas of the world.
In the rest countries, life continued normally. The communications were working even in the conquered by the Germans areas.
The internet is a web and will always work.
The miners will exist to mine in the free of battles areas and the people will keep the personal keys in papers CDs and USB sticks till the end of the war.
N.Korea is not a thread.

boss1dg

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interesting question !
but before btc and ethereum , you should think of yourself , what will happen to you if your own country also indulge in this war and if it become more worse than world war 2 . Tongue

rubenaz92

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I don't think there will be free wifi at McDonalds during war. If electricity gets shuts down you won't have shit. And do you think a farmer will accept cryptos for his food in times when there isn't many food? What can he do with cryptos in that time. Physical items which have a practical purpose, like food, weapons and stuff becomes much more valuable. So I think there will be much more trade in physical items than cryptos.

cryptobobo

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U.S making war with other county is not a new thing,they need that for the living,the war is their business they are selling war machines to both waring countries.

realsmans

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Quote from: fabuloveu on January 05, 2018, 04:24:18 AM

I read about how gold and other precious metal was a safe haven for investors during precious war. And now the uncertainty of war between USA or North korea. I pray we dont experince another war. But if there is, what do you think will happen to bitcoin and others.

If will be war between USA and NK, it probably will be nuclear war. So nobody will think about money.

sean.maley

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Quote from: fabuloveu on January 05, 2018, 04:24:18 AM

I read about how gold and other precious metal was a safe haven for investors during precious war. And now the uncertainty of war between USA or North korea. I pray we dont experince another war. But if there is, what do you think will happen to bitcoin and others.

People tend to cash out their money in case of emergency state to be able to buy basic need products. I hope it never happens but in case it happens I would expect panic selling in the market which can cause total catastrophe.

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