Topic: What happens when there is NO electricity? How does one trade with BTC? - page 21. (Read 3132 times)
March 18, 2018, 07:52:27 AM
This cannot build due for seven days even while not power. there's not extremely any motivation to deny this reality that Bitcoin can nevermore survive if there's no power. Actually, it's not simply Bitcoin United Nations agency will not get by while not power however such an oversized variety of various things additionally. Power is that the essential want of individuals.
March 10, 2018, 10:23:55 AM
And how you pay things with paper money if there is no electricity?
Same like with Bitcoin if we talk about regular legal payment.
Same like with Bitcoin if we talk about regular legal payment.
March 10, 2018, 09:44:55 AM
You can't. Not just without an electricity but also without internet is a question. That is the weakness of Bitcoin itself. You need to constantly be connected to the internet to do everything you wanted to do in it, unless physical coin of Bitcoin is made globally and could be used as a payment but that is really not or unlikely to happen, because it would deny the rule of being digital and decentralized because there will be a center of the supply of the coins globally and transaction would be made physically. So generally, if you really wanted to trade in BTC but worrying about the electricity issues, then stop right there because you might end up just wasting your time building your capital and having a occasional cut-off due to electric cuts.
Yes, definitely we cannot use bitcoin trading and other transactions with crypto if there is no electricity and internet connection. Electricity and internet is the most important thing here but it will not be lost it will be usable as soon as the connection gets back. You just need to be ready at anytime of calamaties. Security of lives of the people specially your family and of yourself is the most important thing to do at all cost.
March 10, 2018, 08:20:32 AM
Your question is true and very difficult to solve. I think if there is no electricity, it will not be possible to trade Bitcoin, because without the internet or 3G system, 4G will no longer work. Thus, Bitcoin validation will not be possible. So people should buy and sell goods together in cash.
March 10, 2018, 07:57:06 AM
unless you can build a computer or at least a data storage which doesn't consume electricity (which is possible but extremely big and exhausting to use) you can't transfer bitcoin.
March 10, 2018, 01:21:06 AM
I don’t know why you’re asking this kind of question, it’s just childish question to ask. Unless your devices are powered by rain, maybe you don’t need to worry about electricity, just drop them outside for the rain to drop on it and BOOM!! T you’re set to go. Lol.
You can’t use Bitcoin without electricity. Electricity is the number one thing, cause it powers the devices that gives you access to making use of Bitcoin. Electricity is very important.
You can’t use Bitcoin without electricity. Electricity is the number one thing, cause it powers the devices that gives you access to making use of Bitcoin. Electricity is very important.
March 09, 2018, 03:06:44 PM
Then no one will ever gonna trade cryptocurrencies. The Internet is essential in crypto world, without it we cannot connect to other people across the world. Also, electricity is as essential as the internet. Without electricity then no internet. And no trade at all.
Bitcoin, or any other cryptocurrencies, greatly relies on the internet. Since it is a digital money, therefore, it can only be accessed with the presence of internet. Without electricit , there would be no internet. Without this, we can not access or use any of our crypto. Trading would not be possible.
March 09, 2018, 01:56:10 PM
Then no one will ever gonna trade cryptocurrencies. The Internet is essential in crypto world, without it we cannot connect to other people across the world. Also, electricity is as essential as the internet. Without electricity then no internet. And no trade at all.
Bitcoin, or any other cryptocurrencies, greatly relies on the internet. Since it is a digital money, therefore, it can only be accessed with the presence of internet. Without electricit , there would be no internet. Without this, we can not access or use any of our crypto. Trading would not be possible.
March 09, 2018, 08:52:54 AM
You could host a little electrical generator at home to switch on when you are without electricity and you have the sudden need to trade bitcoins. If you connect the generator to a cyclette you can even make some sport while you trade.
If we only talk about using bitcoin, people can not use their bitcoin because we need an internet connection first. That's the main reason. We should think of more essential issues than bitcoin trading when there is no electricity.
I think you didn't consider a paper safe where bitcoin can be stored. That is the main purpose of paper wallet. To use bitcoin even there is no electricity just like fiat, If only some company can provide this kind of product that can distribute world wide, we can use bitcoin same as normal fiat. And also I believe that only few BTC user are all-in there money in BTC and no Fiat left in the bank.
March 09, 2018, 07:29:17 AM
We hear in the news that many people in countries that have currency issues are starting to trade in BTC - for example, Venezula.
My friend asked me what about in regions where they lose electricity, how would they trade with BTC?
For example Puerto Rico is right now devastated by the hurricane, and many parts of its region don't have electricity. A lot of people need to buy food and even fresh water.
Is there a way to still trade with BTC in such situations?
Can P2P trade still occur despite having any connection to the greater block-chain network? Keep in mind that it's easy to charge mobile phone so they have access to wallet apps, but probably not the Internet.
I don't know too much about mobile data networks, but I doubt one's 4G/LTE data plan would work in such situations. I assume that data would have to be relayed to a tower/dish before it's sent to satellites. Am I correct?
My friend asked me what about in regions where they lose electricity, how would they trade with BTC?
For example Puerto Rico is right now devastated by the hurricane, and many parts of its region don't have electricity. A lot of people need to buy food and even fresh water.
Is there a way to still trade with BTC in such situations?
Can P2P trade still occur despite having any connection to the greater block-chain network? Keep in mind that it's easy to charge mobile phone so they have access to wallet apps, but probably not the Internet.
I don't know too much about mobile data networks, but I doubt one's 4G/LTE data plan would work in such situations. I assume that data would have to be relayed to a tower/dish before it's sent to satellites. Am I correct?
When your are engage already of investment in BTC before the Electricity become shutdown. There's no need to worry about your income generating from it, because BTC is online always available throughout the world even if it is totally electricity shutdown but anywhere you want to open your account if there is already have an electricity available? just open it its always available.
March 09, 2018, 05:13:19 AM
I think the best step is to make the electric generator. So when there is a periodic power outage, we can use the generator to anticipate it. In addition to crypto transaction purposes, we can minimize the failure when trading.
March 09, 2018, 03:35:53 AM
We hear in the news that many people in countries that have currency issues are starting to trade in BTC - for example, Venezula.
My friend asked me what about in regions where they lose electricity, how would they trade with BTC?
For example Puerto Rico is right now devastated by the hurricane, and many parts of its region don't have electricity. A lot of people need to buy food and even fresh water.
Is there a way to still trade with BTC in such situations?
Can P2P trade still occur despite having any connection to the greater block-chain network? Keep in mind that it's easy to charge mobile phone so they have access to wallet apps, but probably not the Internet.
I don't know too much about mobile data networks, but I doubt one's 4G/LTE data plan would work in such situations. I assume that data would have to be relayed to a tower/dish before it's sent to satellites. Am I correct?
My friend asked me what about in regions where they lose electricity, how would they trade with BTC?
For example Puerto Rico is right now devastated by the hurricane, and many parts of its region don't have electricity. A lot of people need to buy food and even fresh water.
Is there a way to still trade with BTC in such situations?
Can P2P trade still occur despite having any connection to the greater block-chain network? Keep in mind that it's easy to charge mobile phone so they have access to wallet apps, but probably not the Internet.
I don't know too much about mobile data networks, but I doubt one's 4G/LTE data plan would work in such situations. I assume that data would have to be relayed to a tower/dish before it's sent to satellites. Am I correct?
It depends on how electricity is not there. whether due to isolated areas. In this case there is no electronic user / internet, that means no BTC users.
Seeing this news, there is no other way than to wait until the affected areas' infrastructure is rebuilt by the local government. Even due to this disaster people there no longer think about transacting BTC at the time. But how they survived that time.
Unless the electricity is completely lost from the face of the earth, the BTC also goes missing.
March 09, 2018, 03:07:00 AM
Before can we process any bitcoin transaction we must have internet connection and electricity as well so basically the answer will be no.
March 09, 2018, 02:12:17 AM
You could host a little electrical generator at home to switch on when you are without electricity and you have the sudden need to trade bitcoins. If you connect the generator to a cyclette you can even make some sport while you trade.
If we only talk about using bitcoin, people can not use their bitcoin because we need an internet connection first. That's the main reason. We should think of more essential issues than bitcoin trading when there is no electricity.
I think you didn't consider a paper safe where bitcoin can be stored. That is the main purpose of paper wallet. To use bitcoin even there is no electricity just like fiat, If only some company can provide this kind of product that can distribute world wide, we can use bitcoin same as normal fiat. And also I believe that only few BTC user are all-in there money in BTC and no Fiat left in the bank.
March 09, 2018, 02:06:09 AM
No one can trade if theere is NO electricuty but I don't think it will happen.If that happens then we have so many problems than trading the bitcoins.The whole world will get chocked,but chances of happening is zero because already many countries has differenct sources to produce electricity.
March 09, 2018, 01:44:29 AM
You could host a little electrical generator at home to switch on when you are without electricity and you have the sudden need to trade bitcoins. If you connect the generator to a cyclette you can even make some sport while you trade.
If we only talk about using bitcoin, people can not use their bitcoin because we need an internet connection first. That's the main reason. We should think of more essential issues than bitcoin trading when there is no electricity.
March 09, 2018, 01:29:51 AM
I’ m sure there are other ways they could trade bitcoin and other cryptocurrencies if they really want to. People always find other ways to make themselves better. But if they don’t have any other choice and still got no electricity in their area then I think it would be better for them to just hold the coins until they got power already.
March 09, 2018, 01:11:52 AM
We hear in the news that many people in countries that have currency issues are starting to trade in BTC - for example, Venezula.
My friend asked me what about in regions where they lose electricity, how would they trade with BTC?
For example Puerto Rico is right now devastated by the hurricane, and many parts of its region don't have electricity. A lot of people need to buy food and even fresh water.
Is there a way to still trade with BTC in such situations?
Can P2P trade still occur despite having any connection to the greater block-chain network? Keep in mind that it's easy to charge mobile phone so they have access to wallet apps, but probably not the Internet.
I don't know too much about mobile data networks, but I doubt one's 4G/LTE data plan would work in such situations. I assume that data would have to be relayed to a tower/dish before it's sent to satellites. Am I correct?
My friend asked me what about in regions where they lose electricity, how would they trade with BTC?
For example Puerto Rico is right now devastated by the hurricane, and many parts of its region don't have electricity. A lot of people need to buy food and even fresh water.
Is there a way to still trade with BTC in such situations?
Can P2P trade still occur despite having any connection to the greater block-chain network? Keep in mind that it's easy to charge mobile phone so they have access to wallet apps, but probably not the Internet.
I don't know too much about mobile data networks, but I doubt one's 4G/LTE data plan would work in such situations. I assume that data would have to be relayed to a tower/dish before it's sent to satellites. Am I correct?
I think the best way is that you can ask for help to someone who has electricity in order to cash out your money so that you can trade it or use it in some transactions. And of course you can contact some families abroad and ask them for some help. And other houses have some generators so they can help you.
March 09, 2018, 12:41:16 AM
This can't make due for seven days even without power. There is not really any motivation to deny this reality that Bitcoin will never again survive if there is no power. Actually, it isn't just Bitcoin who won't get by without power yet such a large number of different things also. Power is the essential need of people.
March 08, 2018, 05:40:26 PM
We hear in the news that many people in countries that have currency issues are starting to trade in BTC - for example, Venezula.
My friend asked me what about in regions where they lose electricity, how would they trade with BTC?
For example Puerto Rico is right now devastated by the hurricane, and many parts of its region don't have electricity. A lot of people need to buy food and even fresh water.
Is there a way to still trade with BTC in such situations?
Can P2P trade still occur despite having any connection to the greater block-chain network? Keep in mind that it's easy to charge mobile phone so they have access to wallet apps, but probably not the Internet.
I don't know too much about mobile data networks, but I doubt one's 4G/LTE data plan would work in such situations. I assume that data would have to be relayed to a tower/dish before it's sent to satellites. Am I correct?
My friend asked me what about in regions where they lose electricity, how would they trade with BTC?
For example Puerto Rico is right now devastated by the hurricane, and many parts of its region don't have electricity. A lot of people need to buy food and even fresh water.
Is there a way to still trade with BTC in such situations?
Can P2P trade still occur despite having any connection to the greater block-chain network? Keep in mind that it's easy to charge mobile phone so they have access to wallet apps, but probably not the Internet.
I don't know too much about mobile data networks, but I doubt one's 4G/LTE data plan would work in such situations. I assume that data would have to be relayed to a tower/dish before it's sent to satellites. Am I correct?
Actually if there is no electricity,the transaction of cryptocurrency would not been happen,this means that no trading in bitcoins,but there's another way that only those rich people can capable to doing this,because they use a generator machine,that capable to provide electricity into your computer or other gadgets,but its cost much money,but in this process we can used only if there is no electricity,because that speculation come out into our mind as imagination and never been happen,because electricity is part of our daily life.
Jump to: