You have to consider the fact that the majority (70%?) of the mining takes place in China. If China's power grid is affected, then mining will be affected. If the speed of transaction verification takes, say, a 10% hit, people might quickly abandon BTC for a similar faster currency, causing the price to tank.
Not everyone believes that the Chinese mining monopoly is a problem.
https://www.cryptocoinsnews.com/chinas-mining-dominance-good-or-bad-for-bitcoin/
Topic: Will Bitcoin value crash if North Korea goes to war with Japan (Read 4299 times)
October 19, 2017, 02:43:41 AM
We already know that bitcoin price has considerably grown immediately after it got legalized in japan.In short,japan just shut down the mouths of bitcoin criticizers all over the world.Japan legalizing bitcoin was definitely a turning point in the history of bitcoin.
And now,the biggest dominance power in bitcoin,china is no more in the game.Now,immediately the power house has been shifted to japan.In such a situation,if north korea wages war on japan,immediately,there would be a negative impact on the price of bitcoin.But it would last only temporarily,since bitcoin has got users universally.Very soon,the price would recover and so a crash could not be expected.
And now,the biggest dominance power in bitcoin,china is no more in the game.Now,immediately the power house has been shifted to japan.In such a situation,if north korea wages war on japan,immediately,there would be a negative impact on the price of bitcoin.But it would last only temporarily,since bitcoin has got users universally.Very soon,the price would recover and so a crash could not be expected.
October 17, 2017, 11:11:44 PM
Hey guys. With North Korea sending one of their bombs flying over the island of Japan it made me realize what happens to the value of Bitcoin if a war breaks out.
If North Korea attacks Japan will it send the value of Bitcoin crashing down or will the opposite happen?
Let me just also clarify that I do not wish for a war and hope the value goes up in a peaceful environment.
If North Korea attacks Japan will it send the value of Bitcoin crashing down or will the opposite happen?
Let me just also clarify that I do not wish for a war and hope the value goes up in a peaceful environment.
Well it depends if the war will only be between them then Bitcoin will not be that affected, same goes with other currencies only countries under the war is being affected. since bitcoin is used by other countries too it will just be a slight effect on it/.
October 17, 2017, 02:29:30 AM
Large scale impact will be felt over the price of bitcoin. Because both the countries at present contributing big to the digital currency market. War will surely cause a economic collapse or a downtrend, based on which the circulation gets affected and this causes the decrease in the value of bitcoin.
October 17, 2017, 01:10:24 AM
Despite the looming war between Japan and North Korea, I don't think that bitcoin price will be affected negatively. On the other hand, I think it will soar because the Japanese will just go buy bitcoin to hedge their funds against the imminent war. However, this war will severely impact the world economy because its gonna be costly for both sides. Just my .2 BTC.
Of course it will affect to the price of bitcoin, since Japanese country is one of the most trading country. I know that when war started on North Korea and Japan economy of both country was falling down, so the tendency is to fall down too the exchange of bitcoin in both country. Moreover the digital currency will affected so much due to war happen if necessary. Hoping that war on this country was not happen because I'm sure that it gives large effect to the systematically circulation of bitcoin in the whole world. 
October 17, 2017, 12:50:46 AM
There is one thing for sure my friend the price will be increase drastically. as you see the financial problems and demolishing currency value will affect the country currency from the war most of the people would not wont that and will invest their money into bitcoin.
so as soon as BTC is bought my more and more people the price will increase.
so as soon as BTC is bought my more and more people the price will increase.
October 12, 2017, 09:15:04 AM
The only war that can happen is North K vs South K. The latter helped by its allies. There is no way NK can do anything to Japan except lobbing some missiles at them, then being obliterated in return.
If that happened, I expect BTC to skyrocket (even more than it already is).
If that happened, I expect BTC to skyrocket (even more than it already is).
October 12, 2017, 02:47:22 AM
Despite the looming war between Japan and North Korea, I don't think that bitcoin price will be affected negatively. On the other hand, I think it will soar because the Japanese will just go buy bitcoin to hedge their funds against the imminent war. However, this war will severely impact the world economy because its gonna be costly for both sides. Just my .2 BTC.
October 12, 2017, 01:55:15 AM
Yes I think the value of bitcoin will be affected if the war happens in fact every economy will surely be affected by this because the transactions between different countries and these two concerned country will be somehow paralyze and may cause for the demand to decrease, if the market decreases surely the value appreciation will go down.
October 12, 2017, 12:32:50 AM
If the war happens between any developed or developing country there would be impact on overall economy of the world. Depending upon the intensity of the war and country the impact could be big. It will also have impact on cypto currencies as they cannot be left alone during those crisis time.
October 12, 2017, 12:29:54 AM
Hey guys. With North Korea sending one of their bombs flying over the island of Japan it made me realize what happens to the value of Bitcoin if a war breaks out.
If North Korea attacks Japan will it send the value of Bitcoin crashing down or will the opposite happen?
Let me just also clarify that I do not wish for a war and hope the value goes up in a peaceful environment.
I have seen quite same thread about bitcoin crash due to war between North Korea and USA. If North Korea attacks Japan will it send the value of Bitcoin crashing down or will the opposite happen?
Let me just also clarify that I do not wish for a war and hope the value goes up in a peaceful environment.
Yes obviously a war will effect bitcoin value negatively but it doesn't mean that it will be crashed if war happens because bitcoin is a decentralized currency having users all over the world not bounded to a specific country, that's why bitcoin will survive even in these worst scenarios.
Secondly, you guys should just stop this whole North Korea nuking bullshit cause it will not happen except NK is just trying to dig her own grave by herself and that would be pretty bad, So in that case, I even see the value of bitcoin stepping up.
October 10, 2017, 08:08:50 AM
Definitely,it will have an immediate impact on the price of bitcoin since japan after legalizing bitcoin has become the country which has the largest number of BTC trades carried out.Also,we could not forget that bitcoin price grew high immediately after bitcoin legalization there since thousands of retailers are accepting bitcoin payments there.If such a war occurs,definitely all those things would get totally collapsed.There would be a fall in bitcoin demand.As a result of it,bitcoin price would also definitely fall a little.
October 10, 2017, 07:40:42 AM
Hey guys. With North Korea sending one of their bombs flying over the island of Japan it made me realize what happens to the value of Bitcoin if a war breaks out.
If North Korea attacks Japan will it send the value of Bitcoin crashing down or will the opposite happen?
Let me just also clarify that I do not wish for a war and hope the value goes up in a peaceful environment.
I have seen quite same thread about bitcoin crash due to war between North Korea and USA. If North Korea attacks Japan will it send the value of Bitcoin crashing down or will the opposite happen?
Let me just also clarify that I do not wish for a war and hope the value goes up in a peaceful environment.
Yes obviously a war will effect bitcoin value negatively but it doesn't mean that it will be crashed if war happens because bitcoin is a decentralized currency having users all over the world not bounded to a specific country, that's why bitcoin will survive even in these worst scenarios.
October 10, 2017, 03:11:45 AM
Hey guys. With North Korea sending one of their bombs flying over the island of Japan it made me realize what happens to the value of Bitcoin if a war breaks out.
If North Korea attacks Japan will it send the value of Bitcoin crashing down or will the opposite happen?
Let me just also clarify that I do not wish for a war and hope the value goes up in a peaceful environment.
I have seen quite same thread about bitcoin crash due to war between North Korea and USA. If North Korea attacks Japan will it send the value of Bitcoin crashing down or will the opposite happen?
Let me just also clarify that I do not wish for a war and hope the value goes up in a peaceful environment.
Yes obviously a war will effect bitcoin value negatively but it doesn't mean that it will be crashed if war happens because bitcoin is a decentralized currency having users all over the world not bounded to a specific country, that's why bitcoin will survive even in these worst scenarios.
October 09, 2017, 04:52:24 PM
I also do not think that bitcoin will crash if North Koria goes war with Japan, We can see that even after banning bitcoin in China, bitcoin again got its previous value
China 'ban' isn't a good way to compare those situations, especially when you consider that it was obvious that China's 'ban' was nothing more than an attempt to buy time in order to prepare for whatever strict regulations the exchanges there will be facing. Aside from that, I strongly believe that Bitcoin will boom further in case the situation with North Korea develops itself into a disaster, which eventually may lead to a war. The regular economy will sink deep into the ground, where people are looking for safe haven assets, and Bitcoin fits perfectly in that category. Compared to Gold it's easy to obtain, doesn't require you to hold physical bulk, etc. I see only benefits here.
October 09, 2017, 04:16:36 PM
I doubt that bitcoin will crash if nokor goes war with japan, it is just an isolated case, and we can say that bitcoin will grow, since a lot of countries will still continue with their lives, hoarding may also happen in japan, if that will be the case, then the price of bitcoin will just go up, there might also be horading of bitcoins in the region, since there is a threat, and bitcoin can be used anywhere, since you can exchange bitcoins to fiat, people affected by the war then, would just start a new life in other countries, and wait till the war ends.
I also do not think that bitcoin will crash if North Koria goes war with Japan, We can see that even after banning bitcoin in China, bitcoin again got its previous value and hopefully its price will continue increasing, similarly even if there is war between Japan and Koria, it will even not effect Bitcoin so much. because bitcoin is a decentralize currency and is already present through out the world with same value and even the users of bitcoin are continuously increasing which is also making bitcoin more stronger and reliable. October 06, 2017, 06:52:22 AM
I doubt that bitcoin will crash if nokor goes war with japan, it is just an isolated case, and we can say that bitcoin will grow, since a lot of countries will still continue with their lives, hoarding may also happen in japan, if that will be the case, then the price of bitcoin will just go up, there might also be horading of bitcoins in the region, since there is a threat, and bitcoin can be used anywhere, since you can exchange bitcoins to fiat, people affected by the war then, would just start a new life in other countries, and wait till the war ends.
September 27, 2017, 02:44:31 PM
I think that the opposite will happen. If North Korea goes to war against South Korea and Japan, then the value of Japanese Yen and South Korean Won will crash. So the people in these nations will rush to protect their wealth, by purchasing assets such as gold and Bitcoin.
Come on, you're imagining things. North Korea is not a military power, they have no advanced technology and no means to do harm to a group of allies like Japan, South Korea and USA. I'm talking about these three like one country, because if NK attacks they will all retaliate as one. It will end up much faster than it did in Iraq.
A war between North Korea and the world would end in a month or less. They'd get bombed so much that the area would become uninhabitable.
September 27, 2017, 02:31:20 PM
During such circumstances, I think Bitcoin won't be a center issue. But usually in such negative circumstances people tend to avoid banks and thus they might keep their money in Bitcoin only. But this is hard to predict as nothing of that sort has happened before since the inception of Bitcoin. Nobody can certainly say anything about the market. But at the end, there won't be any war.
September 27, 2017, 02:18:03 PM
I think that the opposite will happen. If North Korea goes to war against South Korea and Japan, then the value of Japanese Yen and South Korean Won will crash. So the people in these nations will rush to protect their wealth, by purchasing assets such as gold and Bitcoin.
Completely agree, if anything the value will go up when the war breaks out (quite sure one will sooner or later).
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