Topic: What happens when there is NO electricity? How does one trade with BTC? - page 6. (Read 3132 times)
June 01, 2018, 03:29:05 AM
That's something that I never consider, because there are a lot of countries that get interruptions in their electricity, from a few minutes to hours. I guess Crypto as an everyday currency might not be good for them. Perhaps they can use devices with batteries such as a smartphone. But in poor countries many people are not going to have one.
June 01, 2018, 03:22:27 AM
Its a big lost to the traders and to other industries, without electricity we cannot proceed to our daily activities which uses the power of electricity. But at this tme there are many alternatives way to acquire electricity therefore there's nothing to worry about. Thats why most of the industry right now are having alternate source of power just in case there is a problem with the supply.
May 31, 2018, 03:20:24 PM
no one can trade with Bitcoin if there's no electricity at all. we all know the basic things needed to trade with Bitcoin. and one of the most important things in trading or using Bitcoin is the Electricity. Of course, it is the main source to have an Internet Connection and for us to be able our electronic devices. so without it, Bitcoin will not work at all.
May 31, 2018, 03:46:29 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?
For additional information about trading of BTC, NO ELECTRICITY? no TRANSACTION has been made. unlike investment processed of BTC it's okay, but before totally black-out. once you already processed before it can happen it will continuously calculated through the digital virtual currency black chain, even if you have no electricity you still remain invested of BTC and have 100% chances to get a big Profit. what you need to do is wait until your electricity restored in your area. your cellphone is useless because that's only one day of lifespan of battery after that? you are LOW BATTERY. If I were you, you can provide an alternative source of Electricity like Generator or Solar Energy if you want your BTC TRADING not affected with totally Black out.
May 31, 2018, 03:28:24 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?
Satellite internet + good solar battery for charging. This is the perfect kit for any natural disaster. 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?
Although it is expensive, and people in poor countries can not afford to buy it. 
May 31, 2018, 02:57:38 AM
I do not imagine if there is no electricity and everything will be pitch black, not just bitcoin but everything will be problematic.
to use bitcoin and to trade we need internet and power grids to be able to use it, and if there is no electricity what can be done because electricity is very influential for everything and if there is no electric life it will feel like dead.
to use bitcoin and to trade we need internet and power grids to be able to use it, and if there is no electricity what can be done because electricity is very influential for everything and if there is no electric life it will feel like dead.
May 31, 2018, 01:30:53 AM
Bitcoin is not safe in your pockets, someone could break the cryptosystem and thieve them with the help of digital codes.
As far as I know about the crypto currencies and the way they operate, having an internet connectivity and that along with it having the facility of the electricity to run your computers or laptops are two most important things which you need to have and that if there comes a time when any of the things is missing, then we will not be able to deal with any of our crypto coin and that we will be helpless. 
May 30, 2018, 07:31:14 PM
That's sad day for all our trader and crypto enthusiast because No electricity No bitcoin transaction and No internet connection. I think there's a way like generator or solar energy that can contribute into electricity.
May 30, 2018, 06:53:28 PM
If there's a natural disaster cutting off electricity for days, trading bitcoin should be least of your worries really. Priorities man.
You wont really bother or to problem this thing first when theres an electricity outage for sure you would find to secure first your family,loved ones on how to live without electricity rather than minding on how you would able to trade with bitcoins. This is just really a non sense question after all because not only bitcoin trading would be affected but all the things which been powered by electricity would be gone too.Imagine a life without energy for sure you would struggle on daily living knowing that we are already living on this convenient world because of gadgets or things which uses electricity.If its gone then were fucked up.yes I really agree with you. if there is a natural disaster of course we think first is not bitcoin trade. but the safety of ourselves and our families. then think about how we can struggle to live without electricity and look for other needs like food and clothing. bitcoin trade can be done after the natural disaster is completed and the environmental conditions back to normal.
May 30, 2018, 06:35:45 PM
Bitcoin is not safe in your pockets, someone could break the cryptosystem and thieve them with the help of digital codes.
Well, it is not that easy. Crypto currencies are not easy to hack until and unless you don’t keep easy passwords and share important details with others especially on some forums. This is how scammers get into your accounts. You should also avoid opening links that are mailed you out of nowhere and are offering you great deals. Taking precautionary measures make bitcoin safer than cash that you keep. 
May 30, 2018, 06:34:45 PM
Because the market is extremely volatile these days, the value can go from the highest to the lowest figure for no time.
For me when there is no electricity, no one people can trade there bitcoin, because we all know that electricity is a big factor to consider when doing trading so for me electricity and internet is the main key so we can able to continue on trading our coins. May 30, 2018, 06:13:09 PM
Stupid things can happen, but the 2018 year I simply dont believe that there can be a case when whole world would be left without electricity
Yes it is right that in the whole world there will no place remain when there will not be electricity but OP is asking for individuals that what will happen if electricity not be available for a person and asking for him that how will he do trade as a particular person cannot move easily from one place to another place for electricity and it is not good for people to move from one place and another in search of electricity. In 2018 some bad things happened but it will be solved in this year and we will be happy with some good steps in bitcoin in this year.
May 30, 2018, 05:42:50 PM
If there's a natural disaster cutting off electricity for days, trading bitcoin should be least of your worries really. Priorities man.
This made me chuckle, of course if there was no electricity you should be worrying already cause maybe there was an explosion, or any natural disasters and even war that causes your place to cut off the electricity, but if you think and you are sure that it's because of maintenance, I guess power generated supplies that can charge your gadgets to start trading will help you to ease the temporary inconvenience, better to save money now and buy some products like this.
May 30, 2018, 05:36:10 PM
Electricity is very important in trading. We can't use our gadgets if there is no electricity. So noone can trade bitcoin or ant other currencies if there is no electricity. And i think if there is a natural calamity that destroy a place. Trading bitcoin is not our first priority.
May 30, 2018, 05:22:31 PM
Bitcoin is a digital currency, which can only be accessed by the Internet, and to enter the internet we need a Smartphone or computer, and the computer can be on fire if there is a Battery. then if there is no electricity, then how can we charge the battery that we use to turn on Smartphone and Computer 
meaning we can not do anything with Bitcoin, if there is no electricity. and certainly, all our daily activities will also be disrupted if there is no electricity.
meaning we can not do anything with Bitcoin, if there is no electricity. and certainly, all our daily activities will also be disrupted if there is no electricity. May 30, 2018, 05:10:33 PM
The solar energy is always a good idea. It is ecologically friendly and can be used almost everywhere. I wish everyone will use it someday.
May 30, 2018, 05:03:36 PM
Looking for a way to trade without the use of electricity is going to be hard. If the country people are the type that uses generator to power light then they are still good to go. There is always a way and it might not be clear to all, but without electricity and internet, you can't trade.
May 30, 2018, 07:23:31 AM
There are certain probabilities and chances, you can not provide everything for everyone, it is physically impossible. Afterall, it's really rare.
May 30, 2018, 06:41:20 AM
Without electricity world will quicly became medieval and wild. We would pay with a dry squirrel skins, lol of with cap of beer bottles
May 30, 2018, 05:46:11 AM
Stupid things can happen, but the 2018 year I simply dont believe that there can be a case when whole world would be left without electricity
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