What if there is a natural disaster, such as an earthquake? - page 7.

Shutup

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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

If there is a desaster such an earthquake of course evryone will get hard to survive.Because earthquake will bring us to difficulties of all aspects in life.People will be panic because of no foods and all needs.l dont think people will easy to take it,everyone will think of on how to survive.

DAVETUN

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Natural disaster is bound to happen someday, It will have an effect on the cryptocurrency space, but sure it will be for a while, when the country settle back, you can be sure to access your wallet, that is if private keys and password is properly secure, I hope we will get to a level where we can insure our wallet/token in order to guard against unavoidable loss.

ufaiz50

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According to me, if there are earthquakes or other natural disasters, I don't think anyone will think about money, I think more about safety, but even if there are natural disasters, cryptocurrency keeps running because this is related to digital, so as long as there is internet and other supporting tools then cryptocurrency continues to run and can be accessed.

wxa7115

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Quote from: spongegar on October 15, 2018, 07:07:49 PM

If there was a natural disaster and people cannot access their wallets because maybe there isn't any electricity or there is no internet in the area then all their coins will be held. Not much of an effect on the market. But once they can have access to it, it would make a difference because everyone will withdraw their investments.

Exactly, what it's going to happen at that point is that the people that are unable to access their coins because they do not have access to electricity or the Internet are going to be forced to hold their coins for the time being, but unless the natural disaster was so great that the country was left devastated the chances that you are going to be able to access your wallet in a few days or weeks are very high so I will not be very worried about a disaster of such a scale.

What people need to be worried is about trying to find enough food and water to survive during those days, this is why even if bitcoin and cryptocurrencies are a great idea you still need to have some cash around just in case something like that happens and you cannot use bitcoin or fiat in digital form.

Nila soru

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Quote from: Chicksteen on October 09, 2018, 08:39:27 PM

Quote from: adpinbr on October 04, 2018, 09:17:28 PM

Signals may be loss but Earthquakes usually occurs in a specific area with different intensity at some point depending if you're near a fault line or the focus of the earthquake but as long as you're far away from it then you're fine and I think that it won't affect the crypto value but deflation may occur and it will also affect the economic growth of the country.

I agree. There is a specific place and faults are the one affected by the disaster. It cannot affect other countries as long as there is internet connection to access bitcoin. Nothing to be scared that we lost access on bitcoin because it will still there even long time we cannot open to transact as long as we have the key.

Nothing would happen to cryptocurrency. Signals will lose only in the country where nature shows its power, but not all over the world and when the whole world is affected by natural disasters that will be the end of the world. Then nobody will think of cryptocurrency of making money. They will try to save their lives and their loved ones as well and it is a fact.

sutejo

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has many adverse effects and can cause severe damage to life and buildings.
High-strength earthquakes result in broken mirrors and windows, which also pose a danger to humans. Total building collapse. Debris from collapsed buildings is a major danger.

KingdomHearts

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Quote from: spongegar on October 15, 2018, 07:07:49 PM

If there was a natural disaster and people cannot access their wallets because maybe there isn't any electricity or there is no internet in the area then all their coins will be held. Not much of an effect on the market. But once they can have access to it, it would make a difference because everyone will withdraw their investments.

Exactly! But we also have to understand that natural disasters sometimes can affect a lot of things when it comes to finally accessing your stuffs just in case you do not end up dead. The thing here is that for those who go the cold storage way, it may be hard to even no end up losing some of their stuffs or wherever they kept some details, because losses are usually the main thing that happens with natural disaster.

Generally, like you have said, as long as they could still have access to it, then, as long as they are alive, they can always come back to get their things, but we all know most people may find it hard to have access to their details.

arin_muah

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Quote from: spongegar on October 15, 2018, 07:07:49 PM

If there was a natural disaster and people cannot access their wallets because maybe there isn't any electricity or there is no internet in the area then all their coins will be held. Not much of an effect on the market. But once they can have access to it, it would make a difference because everyone will withdraw their investments.

disaster could make cryptocurrency holder could not access their wallet if there is no internet connection and electricity connectivity.but it would not make crypto price affected alot.

Penthesilea

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The national budget will be covered for the disaster. I think the financial market may be interrupted for some time if without a clear recovery plan.

jonatuzc

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Quote from: Rustamm on October 16, 2018, 12:45:17 AM

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 do not think that a local disaster, such as an earthquake, could significantly affect the cryptocurrency in this region. Usually, an earthquake occurs quickly and does not last long, perhaps even some tremors for several days. If the state is not able to quickly eliminate the consequences of an earthquake, it is assisted by various international organizations. Most likely, during the disaster period, the Internet will be unavailable, and therefore no one will be able to use the cryptocurrency. Then, in the disaster zone, it may rise in price for some time, there is no doubt about that. However, this will not last long.

Moreover, earthquake or a natural disaster will not occur in every part of a country at the same time, even though it would felt in the surrounding, and this may just be something that would affect some few parts.
However, we have seen some disasters though that really spread hugely most especially with the likes of Tsunami, but all the same, I believe as long as people would still have access to their private keys, their wallet details or wherever they stored their things, it would always be easy to come back to even if some infrastructures were affected in this case and some times, natural disaster happens all of a sudden, as they don't come knocking and that can make someone less prepared to even take into account some of their belongings, let alone their assets.

squog

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If a signal is lost then crypto currency will not move since no one in that part if the world can get access to their crypto currency so they're technically holding their coins. But once it is back people will start dumping their money to recover from the disaster, but if the disaster is not global it won't make much of a difference to the whole crypto currency world.

BerneirBTC

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Quote from: jcarlo on October 09, 2018, 07:00:16 PM

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

Different with fiat money value when eartquake or dissaster happen in a country, i think crypto will not affecting. Fiat money or government currency affecting on dissaster because its national economy and crypto is not a national currency and traded globally

In my opinion cryptocurrency will not affect by natural disasters because earthquake or other natural calamity will be in an country or in a continent but crypto will be the world currency. No doubt that the activities in cryptos will be reduced from the effected people, but this situation will not continue for long and soon they will return to normal.

maxilopez

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if the economy is experiencing any cataclysms, then we see that the power of that country passes to the cryptocurrency as it was Venezuela. it seems to me that in this case it would be exactly the same

ethereumhunter

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Maybe if we don't have a connection to the market, then we cannot use cryptocurrency, and we cannot buy and sell the crypto. I think this could be related especially if all of the infrastructures is damage because we cannot get accessed to use anything. But if we could still use the infrastructure, then it will no problem for us to use cryptocurrency and I think we forget the crypto for a while because our focus is helping other people and save their lives.

Rustamm

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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 do not think that a local disaster, such as an earthquake, could significantly affect the cryptocurrency in this region. Usually, an earthquake occurs quickly and does not last long, perhaps even some tremors for several days. If the state is not able to quickly eliminate the consequences of an earthquake, it is assisted by various international organizations. Most likely, during the disaster period, the Internet will be unavailable, and therefore no one will be able to use the cryptocurrency. Then, in the disaster zone, it may rise in price for some time, there is no doubt about that. However, this will not last long.

spongegar

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If there was a natural disaster and people cannot access their wallets because maybe there isn't any electricity or there is no internet in the area then all their coins will be held. Not much of an effect on the market. But once they can have access to it, it would make a difference because everyone will withdraw their investments.

margaret22

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If there is a natural disaster, I would rather be worried about people, getting hurt. And an earthquake would not have any significant impact to crypto anyways IMO.

cryptoalfs76

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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

Will my opinion about this thats once a state,become affected in some disaster or natural calamities like earthquake and all economic investment been collapsed,i thinks the crypto industry also been affected because it cannot make an trading transaction into the blockchain because everything would busy to repair all the infrastracture affected by calamities like internet connection and electricity damage,because crypto been run with this two major necessity of the affected country.

deppil

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Quote from: dowellness on October 15, 2018, 04:51:34 AM

Quote from: vasilev456 on October 10, 2018, 06:39:04 AM

If an earthquake happens across the Earth, then most likely the continents will be divided again will be the total collapse of the entire Internet!

I don't think there's any relation between nature cases and crypt currency. Natural disasters can only effect on country where everything ruined government take action and spend there time to recover everything.

It does not directly influence the market but it will affect the users who get the disaster. depending on the total number of users in
that area. if the earthquake area covers more than 10% of bitcoin users. of course at least it will have an effect on the market

nur rochid

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Quote from: jonatuzc on October 15, 2018, 04:42:18 AM

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 don’t think earthquake can affect the economy of a country as a whole… no, I don’t think that’s possible. It can only affect the economy of that city where it occurred, why? Because they will start focusing more on reconstruction rather than development, so every money that is coming into that city will all go for that. And if you also had in mind that it will affect Bitcoin then you will be wrong cause that’s even the least that is ever going to happen.

i think earthquake disaster will make a city temporarily paralyzed. like what happened in my country, the government immediately stepped in to restore it, besides that many countries helped it. then i think this does not interfere with global economy

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