What if there is a natural disaster, such as an earthquake? - page 4.

Paycoinzzz

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Quote from: maculeth on October 04, 2018, 08:46:05 PM

we know if a country experiences a natural disaster, the economy will be temporarily paralyzed. because of the many damaged road access and also damaged buildings which caused the economic collapse and of course that made the country's economy go down. my question is, does it have a big effect on crypto state? we know that there is no need for a way to go, and a wide place for incapacity. but when a disaster occurs, it is likely that the signal will be lost and difficult to access. and if the recovery process takes place long after the disaster, how is the condition of Kripro that might occur?

I will be very happy with your opinion

I think it won't affect Bitcoin's value too much. Since the majority of Bitcoin mining factories belong to whales, they are expanding their factories to almost anywhere in the world.
In addition, the mined Bitcoin will not be lost as it is stored in a cold wallet of the factory owner, so it will not affect the supply of Bitcoin. Just a natural disaster for the unlucky people, and then everything will be back to normal because the miners can be replaced very quickly.

manfredmann

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It will only be an isolated incident that could take place like it could only happen to a certain place. But if the earthquake is reall huge that it covers the whole world then forget all bitcoin, gold and your investments and focused on survival. Bitcoin, gold and other asset of yours could no longer save you instead the basic needs like food and water that if you are lucky enough to have survive the earthquake.

cheezcarls

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Looking for gigs

I would totally freak out if disaster is coming in my way. Like what happened in the Cagayan valley in the northern part of the Philippines, and also the Bicol region where there is no electricity and cell tower sites are being squashed that only provides no to limited internet connection due to typhoon Ulysses. If I were in that situation with no electricty and limited connection for at least few weeks to a month, I would totally lose my online job (unless they understand my situation).

Janation

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Quote from: The cure on November 22, 2020, 12:07:26 AM

We can't never escape natural disaster it's unpredictable sometimes, of course it will affect crypto but only in the areas where the disaster hits, and not to the entire crypto space. Usually it's temporary, whatever damages may occur people always find a way to fix it and bringing up solution.

What do you mean by cryptos affecting only those areas?

Doesn't mean that the price went down in our country, it doesn't mean that it will drop in other countries as well, is that what you're saying? It doesn't work like that, and I don't think it would be a huge impact on the price of Bitcoin or other cryptocurrencies unless that country has a lot of investors that sold at the same time.

pilosopotasyo

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Quote from: maculeth on October 04, 2018, 08:46:05 PM

we know if a country experiences a natural disaster, the economy will be temporarily paralyzed. because of the many damaged road access and also damaged buildings which caused the economic collapse and of course that made the country's economy go down. my question is, does it have a big effect on crypto state? we know that there is no need for a way to go, and a wide place for incapacity. but when a disaster occurs, it is likely that the signal will be lost and difficult to access. and if the recovery process takes place long after the disaster, how is the condition of Kripro that might occur?

I will be very happy with your opinion

It will have an impact if the disaster is of international in nature but if it is on one place only it will not have an impact at all, like the pandemic where the nature is international in scope, if it happens in one region only it will not have overall impact in the market, because the Cryptocurrency market is worldwide in nature.

The cure

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We can't never escape natural disaster it's unpredictable sometimes, of course it will affect crypto but only in the areas where the disaster hits, and not to the entire crypto space. Usually it's temporary, whatever damages may occur people always find a way to fix it and bringing up solution to the problem.

Salauddin1994

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If there is a natural disaster like an earthquake it will depend on nature but it has no effect on crypto will also rise based on demand epidemics like the corona virus have had effect on crypto if the economy is damaged by natural disasters fiat will lose currency. Natural disasters damage homes and crops and also damage the internet connection due to electrical damage it has effect on crypto demand is rising and prices are rising due to higher investment earthquakes and natural disasters can do no harm to crypto.

Shasha80

sr. member

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Natural disasters are something we cannot predict, and usually result in blackouts and disruption of the internet network.
Then the recovery process depends on how much damage was caused by the natural disaster, if the condition of the damage is
severe it usually takes up to a month to recover. But it will not have an effect on the price of cryptocurrency, because natural
disasters usually do not affect all regions.

verita1

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The good thing is that when these natural disasters occur, everything returns to calm and little by little begins to re-establish communications and the internet. I think he does not affect crypto although I read recently that miners based in China after the recent rains. They were able to reactivate their activities by helping Meempool clean up all the transactions that were to be processed.

https://www.google.com/amp/s/cointelegraph.com/news/bitcoin-fees-plummet-as-mempool-clears-to-zero/amp

Majharul Saiif

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BountyMarketCap

A natural disaster like an earthquake can hamper a country's economy for a period. It depends on its size and power because a big earthquake can destroy an area. So it includes in the national economy. If natural disasters occur then no way to prevent that. Then govt should take the step to rescue the area soon. And everyone we will try to move on in their normal life.

FlightyPouch

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That country will struggle of course but if that country is not that of a big user of crypto currencies, I don't think it would affect bitcoin or crypto currencies as a whole. Since they have no mobile receptions or electricity in general. that just means they can't just do some tradings or sell their holdings which is why it can't affect the price and even though they can, I think it still depends on the country.

Chrystora123

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Omicron is another FUD

Quote from: maculeth on October 04, 2018, 08:46:05 PM

snip..

the average earthquake never affects a country's economy unless the country is small. if we talk about the condition of cryptocurrencies when there are countries affected by an earthquake, cryptocurrencies will not be affected at all. a "PANDEMIC" that makes the world economy fall has no big effect on cryptocurrencies (as COVID-19) let alone an earthquake in one country..

hahay

legendary

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Leading Crypto Sports Betting & Casino Platform

Economies that are affected by natural disasters will indeed be temporarily paralyzed but not for crypto. Even though the person affected by the natural disaster is a crypto user and even though he hasn't accessed the crypto market for a while, it won't have any effect on him because I think when a natural disaster occurs they only need something really needed like warm clothes, food and internet access or signal is not something to be prioritized.

pankowri

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$CYBERCASH METAVERSE

Natural disasters can occur at any time in any place in the world. If it happens in my area then there may cause some problems and make some issues too. I can elaborate shortly that people may affect a lot and their house can be lost, all their funds or savings can be lost, they can face serious diseases, most importantly they can face a lack of fundamental rights to fulfill in regular life. After all, it will affect the countries economy.

oHnK

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Quote from: AndySt on November 16, 2020, 06:24:38 PM

It all depends on where the natural disaster occurred, because such an event affecting one of the world's financial or industrial centers seems to have a possible impact on the market, at least due to a chain reaction.

Not only where did the disaster occur but also how big it happened, we know that disasters often occur, earthquakes hit several countries with the center of the financial industry, but it doesn't have a significant impact on bitcoin prices, but if we talk about how big the impact is. It is more likely that it will cause the price of bitcoin to waver. This is because so many public facilities are damaged making Bitcoin transactions difficult to carry out so that the liquidity of crypto becomes doubtful when a disaster occurs, there is no physical asset for this, and many people will soon sell it.

Mauser

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Quote from: maculeth on October 04, 2018, 08:46:05 PM

we know if a country experiences a natural disaster, the economy will be temporarily paralyzed. because of the many damaged road access and also damaged buildings which caused the economic collapse and of course that made the country's economy go down. my question is, does it have a big effect on crypto state? we know that there is no need for a way to go, and a wide place for incapacity. but when a disaster occurs, it is likely that the signal will be lost and difficult to access. and if the recovery process takes place long after the disaster, how is the condition of Kripro that might occur?

I will be very happy with your opinion

Losing access to electricity and the internet is usually the first thing that is going to happen during a natural disaster. The recovery process might take month, if there is no real support system in place. For example, if an remote area is hit by an earthquake, like with Nepal a few years ago, then there is no real chance of getting help in that area by car or trucks. Once the few available roads are damaged than the only real access chance is by air. And with only a few helicopters available, it takes a very long time to help the people in need.

Kong Hey Pakboy

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If there will be natural disaster such as earthquake, super typhoon, flash floods, etc. I think it would not affect the crypto market, but instead internet service providers will be the only get affected because we cannot be able to make transactions or buy and sell cryptocurrencies without stable internet connection.

qwertyup23

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Quote from: maculeth on October 04, 2018, 08:46:05 PM

we know if a country experiences a natural disaster, the economy will be temporarily paralyzed. because of the many damaged road access and also damaged buildings which caused the economic collapse and of course that made the country's economy go down. my question is, does it have a big effect on crypto state? we know that there is no need for a way to go, and a wide place for incapacity. but when a disaster occurs, it is likely that the signal will be lost and difficult to access. and if the recovery process takes place long after the disaster, how is the condition of Kripro that might occur?

I will be very happy with your opinion

Of course there is but if such fortuitous event happens, cryptocurrencies would be the least of my problems.

Any calamity that affects the country as a whole has a detrimental effect on the economy as a whole. Businesses are down, services are unavailable and unemployment rates would rise. The government needs to have a solution in order to counter and outweigh the negative effects. In the same essence, cryptocurrencies would also decrease on its value due to the fact that people have the fear of spending their money on investments.

AndySt

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Quote from: ?? on ??

If the disaster like an earthquake occurred,cryptocurrencies on that affected areas will also be collapsed temporarily,due to no internet connection will be made,which it is a primary needed when doing any crypto activities. It doesn't mean that,it can be caused of a bad effects on crypto market movement.

It all depends on where the natural disaster occurred, because such an event affecting one of the world's financial or industrial centers seems to have a possible impact on the market, at least due to a chain reaction. And it is difficult to say what specific impact this will have and whether it will result in a fall or a rise in the exchange rate price, because previous events gave different results. The planet Earth is huge in size and natural disasters occur regularly and of course not all of them have an impact on the market.

Sapphire915

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This is what we are facing right now, several natural disasters that is continuously hitting our Country...and its not just an Earthquake alone, we are dealing with super typhoons a week ago and severe floods in different areas here in the Philippines. This is really devastating to deal with this natural disasters in the midst of Pandemic. Lately, our economy has begun to open up and now fell down again because of this unexpected calamities that occurred here. Sad to say, but my country was really struggling and badly needs more help and prayers.
And because of this natural Disasters, the power and signal had been shutdown to some affected areas and we are really having a hard time to connect with the internet and access the world of Crypto. I can say that it has a big impact on a personal way, like accessing Bitcoins and the other Crypto tasks because we cant go online with the absence of electricity and internet signal. However, I believe that it couldn't affect the crypto market as a whole as the others have already said here. The whole market will not be shaken because it didn't happened globally.

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