Topic: Would a global disaster increase or decrease the Bitcoin value ? - page 15. (Read 8224 times)
June 13, 2018, 04:37:31 PM
That's a good question and something to consider. I guess if the country you live in where to go to war, I think having your money in crypto might be a safe thing to do. I mean I imagine that war would be very bad for the economy, and safer put away if you manage to survive. Forced to hold, who knows, might come out of it rich.
June 13, 2018, 04:24:40 PM
Hi ! First message here.
If a global disaster would happen on earth ( And I somehow don't wish it ) Would the value increase or decrease ?
I'm not talking about solar flares or EMP. But more like big wars or great natural disaster.
What are your opinions on the subject ?
If a global disaster would happen on earth ( And I somehow don't wish it ) Would the value increase or decrease ?
I'm not talking about solar flares or EMP. But more like big wars or great natural disaster.
What are your opinions on the subject ?
There is a huge chance that global disaster might affect the price of cryptocurrency to decrease in the market because some will be affected of the war or let say natural disaster like hurricane and they might sell their coins and that will be the reason for the price to dump.
June 13, 2018, 03:53:15 PM
Hi ! First message here.
If a global disaster would happen on earth ( And I somehow don't wish it ) Would the value increase or decrease ?
I'm not talking about solar flares or EMP. But more like big wars or great natural disaster.
What are your opinions on the subject ?
If a global disaster would happen on earth ( And I somehow don't wish it ) Would the value increase or decrease ?
I'm not talking about solar flares or EMP. But more like big wars or great natural disaster.
What are your opinions on the subject ?
There is a huge chance that global disaster might affect the price of cryptocurrency to decrease in the market because some will be affected of the war or let say natural disaster like hurricane and they might sell their coins and that will be the reason for the price to dump.
June 13, 2018, 03:39:46 PM
I think if global disaster occur then the bitcoin value would decrease ,
I don't really see why would it increase people would sell of their Bitcoin to get Fiat to buy the things that they need.
So for me it would only drop the price and the worst thing is Bitcoin would be worthless.
I don't really see why would it increase people would sell of their Bitcoin to get Fiat to buy the things that they need.
So for me it would only drop the price and the worst thing is Bitcoin would be worthless.
June 13, 2018, 03:23:25 PM
From my calculation, I assume the price of the Bitcoin will fall if there is a global disaster. After a disaster, the price of the commodity is likely to become high. But we cannot consider BTC as a commodity. Because, it's a currency and people tend to sell their Bitcoins at the time when they need more cash. So, the value is most likely to fall after or during a global disaster.
June 13, 2018, 03:11:08 PM
If we draw an analogy with gold, the more stable the global financial system, the slower gold grows in price. On the contrary, during wars, conflicts and upheavals, gold is steadily rising in price.Therefore, we can assume that bitcoin will rise in price. Well, again, about the disaster there is no speech. But the war can be considered the disasters of humanity.
June 13, 2018, 01:41:47 PM
Hi ! First message here.
If a global disaster would happen on earth ( And I somehow don't wish it ) Would the value increase or decrease ?
I'm not talking about solar flares or EMP. But more like big wars or great natural disaster.
What are your opinions on the subject ?
If there are great wars or global natural disasters, it seems to me that it will not be until the crypto currency. People will be primarily concerned with the problem of survival, and not with the problems of accumulating digital types of money. If there is a threat to the existence of mankind, then the cryptoplit can generally be forgotten in the future, so it will not even make sense to pay any attention to it. Can be forgotten in the future, even the technology itself blockchein. In addition, if there are very large cataclysms, it is unlikely that there will be an Internet, and without it, the crypto currency will be just a memory. If a global disaster would happen on earth ( And I somehow don't wish it ) Would the value increase or decrease ?
I'm not talking about solar flares or EMP. But more like big wars or great natural disaster.
What are your opinions on the subject ?
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June 13, 2018, 01:04:51 PM
I think the price would decrease, as people would have to purchase other products, whith life saving potentials, and so, most people would try to just sell cryptos as fast as possible, to liquidate money. And we all now, what this higher crypto supply would cause.
but if bitcoin can increase higher in the global disaster, I think many people which have bitcoin will cash out their bitcoin to fiat so they can buy something. I think that bitcoin price might not get affected with global disaster since bitcoin is not available in our real life but if the internet is shutdown then it will give a big impact to the bitcoin price and perhaps bitcoin cannot be used anymore so people will leave bitcoin and move to the traditional again.
June 13, 2018, 10:05:09 AM
Hi ! First message here.
If a global disaster would happen on earth ( And I somehow don't wish it ) Would the value increase or decrease ?
I'm not talking about solar flares or EMP. But more like big wars or great natural disaster.
What are your opinions on the subject ?
Yeah I think this will affect in Bitcoin if there is disaster or war, specially if the country is involve in disaster or war some of transaction are limited or sometimes is failed to transact. If disaster is like typhoon or earthquake (hopefully not happen) i think the communication or internet have low or totally no internet. If a global disaster would happen on earth ( And I somehow don't wish it ) Would the value increase or decrease ?
I'm not talking about solar flares or EMP. But more like big wars or great natural disaster.
What are your opinions on the subject ?
June 13, 2018, 08:57:58 AM
I don't think the first thing that you will think about is the price of BTC. But then again, let's see. I'm pretty sure in cases if wars people will start dumping their shares before and at the early moments the war is happening. This will cause the price to actually dip. Much like any other currency, it will happen the sane with cryptos.
June 13, 2018, 08:31:59 AM
I think the price would decrease, as people would have to purchase other products, whith life saving potentials, and so, most people would try to just sell cryptos as fast as possible, to liquidate money. And we all now, what this higher crypto supply would cause.
June 12, 2018, 09:25:25 AM
It is realy hard to predict, and depends a lot of the nature of the disaster. Most cases however, I think the price would decrease, especialy, if there would be electricity problems as well.
June 12, 2018, 09:18:22 AM
Hi ! First message here.
If a global disaster would happen on earth ( And I somehow don't wish it ) Would the value increase or decrease ?
I'm not talking about solar flares or EMP. But more like big wars or great natural disaster.
What are your opinions on the subject ?
If a global disaster would happen on earth ( And I somehow don't wish it ) Would the value increase or decrease ?
I'm not talking about solar flares or EMP. But more like big wars or great natural disaster.
What are your opinions on the subject ?
it will actually depends on the area, let say there will be a tsunami disaster on china and all the plants for cryptocurrency are being hit then there is a huge chance for the portion of block chain to be removed and it will affect the price of specific cryptocurrency on the market.
June 12, 2018, 09:15:38 AM
Hi ! First message here.
If a global disaster would happen on earth ( And I somehow don't wish it ) Would the value increase or decrease ?
I'm not talking about solar flares or EMP. But more like big wars or great natural disaster.
What are your opinions on the subject ?
If a global disaster would happen on earth ( And I somehow don't wish it ) Would the value increase or decrease ?
I'm not talking about solar flares or EMP. But more like big wars or great natural disaster.
What are your opinions on the subject ?
I think the global disaster will really damage the value of every currency and investment. Investments do not keep people safe when their lives are risky, people will not sit there and watch their BTC value, they prefer to sell it and make sure they are safe. That's in my opinion.
June 12, 2018, 08:58:29 AM
In general it will increase the BTC value, unless something so great happens that water and food are the only important things to look for. And many people in affected places using bitcoin will sell it because they need money to recover their homes, buy clothes, buying food and others. I do not think if global disaster will affect the bitcoin price I do not know what way it will affect if they have.
June 12, 2018, 08:44:48 AM
Disasters of such magnitude comes with consequences depending on the scale of damage because some natural equilibrium with some players of the crypto world may change. If it affects major technological hobs supporting the crypto currencies then a nose diving ripple effect may be experienced and vise visa.
June 12, 2018, 08:21:09 AM
During disaster use of crypto increases because there is hard to move from one place to another and people made transaction with Bitcoin.Experts also predict if there will be third world war Bitcoin will be used massively,It is a signal that Bitvoin have strong future and you can use it for any uncertainties.
June 12, 2018, 07:28:34 AM
If this global disaster will destroyed the power plant and there is no internet connection every where then of course it has a great effect to bitcoin value. If there is no internet nobody can make transaction and do trading. We hope such kind of disaster will not happen even war or whatever not good event to happen.
June 12, 2018, 07:17:54 AM
If it is a disaster for bitcoin then I think it could be just a catastrophic loss of internet or catastrophic global blackout, if we want to make a bitcoin purchase, sale or exchange transaction then it will not be possible if no internet and no electricity. I hope this is just suppose.
There's no doubt that if disaster hits globally, it is possible that the value of bitcoin and all cryptocurrencies will decrease because no one can make any transactions due to infrustructures damaged and possibility of total black out. Cryptocurrencies at this moment are useless and should possibly recover when the nations will be rebuilded.
In the event of a global disaster who then holds all the bitcoins?
June 12, 2018, 07:05:54 AM
If it is a disaster for bitcoin then I think it could be just a catastrophic loss of internet or catastrophic global blackout, if we want to make a bitcoin purchase, sale or exchange transaction then it will not be possible if no internet and no electricity. I hope this is just suppose.
There's no doubt that if disaster hits globally, it is possible that the value of bitcoin and all cryptocurrencies will decrease because no one can make any transactions due to infrustructures damaged and possibility of total black out. Cryptocurrencies at this moment are useless and should possibly recover when the nations will be rebuilded.
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