Would a global disaster increase or decrease the Bitcoin value ? - page 16.

max fray

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Quote from: CosmicVibe on February 25, 2017, 03:01:51 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 ? Cheesy

Wars and natural disasters greatly affect infrastructure - electrical and computer systems, in particular.
I think in such a case the value of bitcoin would shrink to zero and physical methods of payment (precious metals, some pieces of valuable equipment, food, water) would substitute traditional money.
Bitcoin can live only if electricity and the Internet survive..

stimliall

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Global disaster will reduce the value of BTC!
Because the Internet will be greatly damaged, BTC's network becomes very slow! BTC's payment has become very complicated, people use cash more than BTC to pay!

Lorin

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Maybe it can decrease the bitcoin value depends on the kind of disaster.Nowadays theres a lot of disaster happened in different part of the world. We cannot define when and where should it be thats why it has also affect on the situation of bitcoin, we all know that bitcoin process by the use of internet so if electricity is absent people cannot transact bitcoin.

fight-T

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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.

Uno17

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Absolutely yes there is an effect of decrease to all currency in the market including bitcoin and all other cryptocurrency in the market. Global disasters, wars, and global oil price increase will have a big impact of decreasing the value of any currency, that is why peace and order is very important also and maintaining good reputation of the bitcoin status.

queenlaurel

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This depends on the global disaster you are talking about. If it's the type that will affect networks e.g internet and calls, then yes it will decrease the bitcoin value. E.g you have Bitcoin you want to sell but can't access it or even get through to people that wants to buy, then it's useless. I hope we don't experience that anyway.

valentine401

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Quote from: CosmicVibe on February 25, 2017, 03:01:51 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 ? Cheesy

I believe that it will make the price of bitcoins to increase even more since other countries will have a problem if there's a disaster and bitcoin price will decrease drastically and people we keep on investing a huge amount in order to earn more profit when the market goes back to normal.

airdrophunter

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That depends on the type of disaster bitcoin and the rest of cryptos may face. If the disaster would mean the interest and demand of the people, then that would probably affect the value of bitcoin in the process because we know that bitcoin's price is based on the demand of the people.

Cinemo

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Quote from: CosmicVibe on February 25, 2017, 03:01:51 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 ? Cheesy

I think it doesn't matter what happens if there was an electricity and Internet connection the price of bitcoin is normal. Pump and dump it. Cause bitcoin is in cyber world how come that disaster can affects bitcoin when disaster cant see bitcoin? Think about it. Bitcoin will fluctuate normal its just a disaster.

Vektrum

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In my opinion, a local disaster will help raise the price of the crypto currency, and the global one, on the contrary, will either reduce it, or lead to its total devaluation as a wholly unnecessary thing in this period of time. With a global disaster, few will ever remember for a crypto currency, in such a period only barter will be in price. And the running goods will be basic necessities: food, clothing, tools, etc.

danwanyd

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In the global catastrophe, I believe that all the value of money will decline, BTC is not exceptional also, they will sell the BTC, in order to prepare for disaster and ready, I think the value of BTC will decline.

OrangeSeller

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Quote from: Trivelius on May 07, 2018, 12:54:58 AM

Quote from: Osarman on May 05, 2018, 03:29:48 AM

Quote from: Starscream on May 02, 2018, 06:44:27 AM

I must agree with that. We should consider out safety before doing other things like the profit and other assets that we have, because it's doesn't matter if we will die in that war

We should not expect any such kind of thing as this will result into huge financial loss as well as human loss. In case, there comes a situation of war, then you need to look for the ways which can keep you safe and that you can manage to survive. After that disaster, things will be very much different and that I don’t think so after that, anything will be able to have a better reputation.

Global and natural disaster are not because of human, i think that it may have bad effect on every walk of life, we should not compare bitcoin with global disaster, because it do not have any direct relation with it, i think that bitcoin will survive even in such situation because bitcoin is now going to become our main currency throughout the world.

It is natural when there is natural desasters there will be financial desasters too and when there is financial disasters, people will have no money for investment. They only think about the necessary things of daily life. It is very unnatural that the investment cap will remain the same. There is no doubt that investment will reduce and put great impact on bitcoin.

expless

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Quote from: GoodLuck2 on May 06, 2018, 03:40:46 PM

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I think the price of BTC will go up in the event of disaster!

The BTC is called digital gold, and when there is a massive natural disaster, people buy gold!

Now people will also buy BTC, so the price of BTC will go up!

Things will be very much different at that time and that we cannot even imagine the situation which will be at that time as there will a lot of chaos all around the world and everyone will be trying to save the life of his dear ones. In my opinion, the market value of the bitcoin will fall at that time as all those will be having the bitcoins will try to sell their coins to save their life and to fulfil their needs.

Of course the price of bitcoin decrease because everything crashes in a state of war. How is it possible that bitcoin will survive during war or global disaster? People try to safe their lives and no body enen thinks of doing business or care about his money. When you alive you will earn more but if you die everything finishes. In such situation bitcoin will go underground.

jcarlo

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I think that will affecting on market volatile but honesty I dont know. I think its like others financial market, that will make market wait and see. Hopely that will not happen because that will suffering people and need a lot cost to rebuild it

patarfweefwee

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Disasters mostly makes the market fall down. Mainly because we have losses of assets means losses in money flow. When this happens, we tend to cashout our investments and that means alot of supply then a lower price on investments. Of course primary resources such as food would increase due to demand.

JosJSG

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Quote from: CosmicVibe on February 25, 2017, 03:01:51 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 ? Cheesy

Hello! For me, it depends a lot on the type of disaster that is and what measures the government takes to counteract that disaster. In the case of a war there is a 50/50 chance of the price of cryptocurrencies. If the government finances with the cryptocurrencies paying and selling just that, cryptocurrencies, its value may rise, but if the government uses the bitcoins and sells them immediately, their value may go down, although it also depends on which government we are talking about.

That is just my opinion.

ethereumhunter

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Quote from: Geleve on May 07, 2018, 03:01:45 AM

it will decrease it in my opinion. because in that case not so many people will like to buy bitcoin with their cash money. so demand will reduce and price will go down

yes it will decrease because people will search their needs first and then they will search the other things. but if in that time, there still any internet connection, bitcoin will still exist but only a few places and few people that could use bitcoin and maybe in that time, the price will really too expensive for us to buy bitcoin. I won't imagine that this will happen in the future because I still want to search more bitcoin for now so I can prepare my future with well and I can also prepare for my family too.

Geleve

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it will decrease it in my opinion. because in that case not so many people will like to buy bitcoin with their cash money. so demand will reduce and price will go down

FairWin.Tech

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A global disaster will affect every aspect of our life. If because of it many people will be disconnected from the Internet, Bitcoin will become useless, so it's price will plummet and people will revert to paper money.

Trivelius

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Quote from: Osarman on May 05, 2018, 03:29:48 AM

Quote from: Starscream on May 02, 2018, 06:44:27 AM

I must agree with that. We should consider out safety before doing other things like the profit and other assets that we have, because it's doesn't matter if we will die in that war

We should not expect any such kind of thing as this will result into huge financial loss as well as human loss. In case, there comes a situation of war, then you need to look for the ways which can keep you safe and that you can manage to survive. After that disaster, things will be very much different and that I don’t think so after that, anything will be able to have a better reputation.

Global and natural disaster are not because of human, i think that it may have bad effect on every walk of life, we should not compare bitcoin with global disaster, because it do not have any direct relation with it, i think that bitcoin will survive even in such situation because bitcoin is now going to become our main currency throughout the world.

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