Would a global disaster increase or decrease the Bitcoin value ? - page 17.

GoodLuck2

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Quote from: ?? on ??

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.

geegaw

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Quote from: mace15 on May 06, 2018, 07:11:57 AM

Quote from: lingwistiko on May 06, 2018, 12:32:12 AM

From the word itself, a disaster can surely affect bitcoin's market value. One global disaster that i am imagining is when people will finally lost their interest and demand on bitcoin. With that, bitcoin's market value will surely decline and it may even go back to the price where it all started.

Yes true this may exactly happens when demands become less may comes into decrease of bitcoin value. So many things would come up in the future however, were hoping that bitcoin's future will be bright and disaster indeed will not happen.

The demand is becoming less and people are no longer interested in bitcoin, that is the problem that will soon happen when the era of bitcoin is over, nothing is forever, this is the law of this life. However, we will need to wait a long time to see that and I also do not think this will be called a global disaster, the global disaster is what affects the whole world, it can be war or natural disaster, and this will make the value of bitcoin decrease in a short time when the economy is affected and a number of Bitcoin disappear but bitcoin will soon rise again when things return to normal and it becomes scarce

loews

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Of course it would affect the price of bitcoin Huh

, people would start doing crazy things... and the first thing would be to sell everything including bitcoin and consequently causing the price to drop hard

mace15

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Quote from: lingwistiko on May 06, 2018, 12:32:12 AM

From the word itself, a disaster can surely affect bitcoin's market value. One global disaster that i am imagining is when people will finally lost their interest and demand on bitcoin. With that, bitcoin's market value will surely decline and it may even go back to the price where it all started.

Yes true this may exactly happens when demands become less may comes into decrease of bitcoin value. So many things would come up in the future however, were hoping that bitcoin's future will be bright and disaster indeed will not happen.

Casdinyard

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Leading Crypto Sports Betting and Casino Platform

Likely, it can't directly affect bitcoin because in the first place it's a digital currency so it can't. Maybe when it comes to the financial term it will gets affected as the buying will decrease but in terms in supply in will be all business us usual as ever. Besides bitcoin isn't a real currency so technically it will not be.

torch2121

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Yes there will be a decrease. A single disaster may wipe large parts of business or even small enterprises. In return this will affect also large companies relying on local suppliers. Possible there will be a large sell out on a certain area that has been affected by the one hit by a disaster that may affect Bitcoin economy or internet maybe down where contributors of Bitcoin might be affected.

Tynovten_

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I don't see the impact that happen if the disaster happen since bitcoin exist until right now, there's no impact at all, different with the war maybe will be more increase the bitcoin price because there are some who use bitcoin to defray the cessation of the weapons. I ever heard this issue before.

lingwistiko

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╔►[FILIPINO Translator]◄╝

From the word itself, a disaster can surely affect bitcoin's market value. One global disaster that i am imagining is when people will finally lost their interest and demand on bitcoin. With that, bitcoin's market value will surely decline and it may even go back to the price where it all started.

campbell.box

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Local natural disasters will cause gold price to rise, so I think BTC will also go up!

Many people already think of BTC as digital gold!

If large-scale natural disasters occur, affecting many countries in the world, the price of BTC will definitely fall!

Caelanpelley

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the world will have a bitcoin boom. Although the market is falling and investors' sentiment is fluctuated by many bad predictions, there are still outstanding individuals who are optimistic about Bitcoin. A number of companies around the world have recently improved Bitcoin's trading platform, allowing users to invest in 20 types of cryptocurrency and 50 legal currencies, using a smart contract.

crocozino

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i guess it depends on what is "global" definition is.. if the global means really something bad and huge happened all over the world - like an asteroid or WW3 - then yes, it will affect a lot. but if something happens in us only or china only, then there would be some relativity short time correction and after that bitcoin can resume its value.. imho.

Osarman

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Quote from: Starscream on May 02, 2018, 05:44:27 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.

shelimy

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Definitely global disasters will affect the market value of Bitcoin because as we all know Bitcoin and crypto currency value fluctuations is determine by the demand and supply and at the same time technical issues.

mriansa

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Quote from: CosmicVibe on February 25, 2017, 02:01:51 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

most likely if there is a disaster that strikes the world then it could also have the potential for bitcoin price enforcement because it is certain that many people need money to make withdrawal of assets that he has.

gpamfmcq

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It depends on the level of disaster. If it is a common disaster that does not have a big impact on bitcoin, if a global disaster leads to a paralysis of the Internet, then bitcoin can be paralyzed, because there is no bit of currency on the Internet.

Starscream

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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

wewe123

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🚀🚀 ATHERO.IO 🚀🚀

If there is global disaster it would not increase or decrease the value of bitcoin in the market, because of its decentralized that bicoin is independent to government policy , it does not matter bitcoin is circulating with value that depends on the demand of coins in the digital market, not affected by the outside world, like this disaster.

qwirtiii

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Quote from: CosmicVibe on February 25, 2017, 02:01:51 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

Well, It depend on what disaster came in.
I dont really sure if the value of bitcoin will increase or decrease if that will happend on earth. But i hope it will not happend that we got a disaster on earth. OMG thats so scary.

tonyja2017

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Quote from: CosmicVibe on February 25, 2017, 02:01:51 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

A global catastrophe will affect the value of bitcoin. If it is an economic disaster then the bitcoin will be greatly reduced. Some precious assets, such as gold, silver or diamond, will be valuable at that time because it is always valuable and will never be discounted.
So when disaster strikes, buy gold and hold instead of buying bitcoins. Grin

dogz12

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Quote from: CosmicVibe on February 25, 2017, 02:01:51 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

God forbids, bitcoin and the whole crypto world will be the last thing on your mind if a global disaster do occur. We will not care more whether it would decrease nor increase in value.

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