Topic: Would a global disaster increase or decrease the Bitcoin value ? - page 2. (Read 8205 times)

Any changes in the whole economy will be inflicted also in cryptocurrency since we are in globalization. And taking part of it will affect the cryptocurrency market. Therefore, it would become a large effect for crypto when there is a global wars or economic disturbance in the whole world.

Anything can be a global catastrophe, but if humanity is left without electricity or the Internet, then we will all return to silver and gold, because even papers will not have real value.

Why would even people think about it if that happens? The damage might be minimal or not, the value of bitcoin will obviously go down. It will plummet down since most of the people will not be visiting their investment for a while, most of them would be selling some of their btcs since they would need the money. That would be bad for cryptos.

It depends on the location where it would happen, if it would happen in regions which are considered wealthy, then definitely yes. The price of Bitcoin would increase because the wealthy regions of the word are strongly connected and their currencies also.

if earth have big problem, internet will go down and bitcoin cant be use anymore. what we can do is back to fiat if it exist or to gold. maybe bitcoin is not important because we cant access it. we dont know if we can solve the problem and go to crypto again, it have same system or not.

If the catastrophe will be global, but civilization will remain at the same level, the Internet will work, our lifestyles will remain at least as a whole, then the cryptocurrency may even rise in price. If civilization turns out to be a threat, especially if the Internet disappears, then no one will need a cryptocurrency. It will simply be forgotten about, more important concerns will arise in people, a reappraisal of values, including means of payment, is sure to happen.

Bitcoin is a currency like many others and people invest in this currency as well so if global disaster is effecting people than obviously it will effect the currency value as well, currency and business markets mainly depend on sentiments and it effects every currency

Speaking with the influence of a major disaster on bitcoin, in my opinion the price of bitcoin will rise if that happens. For example, when a currency or market value is disrupted, that is how the price of bitcoin happens to soar. definitely remember last 2017. at that time the market government in the world was disturbed. so of course bitcoin will rise during natural disasters.

That's a very interesting question. First of all, of course, the system would need to still be running, and I assume little effect done to those who use and accept it.

If that's the case, it may well rise in value, but I think precious metals would probably fair better. But who knows.

If that's not the case, and the system is still in place, but the infrastructure has been severely damaged, then the price might go down.

Of course, it might also depend on who is using it and for what. If whales are using it to transfer wealth from one place to another, that might cause the price to temporarily go up.

But again, who knows, we'll have to see, unfortunately.

Have a good day,
The Cyberius team.

depend on what get damage , but i think the most damaged is infrastructure and cz of that it will decrease the bitcoin price because what people need is physical thing not digital

This is a huge question, and the most logical answer would be yes. In the time of crisis, basic needs come to the surface, people will try to sell everything valuable for a piece of food, or shelter. In general, some things increase in price, like food, bullets, shelters, water, etc... on another side real-estates, precious metals, money, lose value, nobody thinks about buying those things with an empty stomach. In that way we can assume that bitcoin can lose value, in the case of some global disaster, but it will not disappear.

I believe it will decreasing the price of bitcoin. The reasons is:
 1. The only demands that will increasing is the needs of food and water and people could sell everything that they could to fullfil this needs.
 2. bitcoin not solving anything and i think people would not even think to invest in something and its not strage that the country that been through natural disaster will have a rough economy.
 3. Wars only bring pain and sorrow dont think it could boost economy at all, but i do think super power country will hold so much power in economy if the wars did happening.

It depends on the type of disaster. A disaster affecting the electrical grid would hamper transactions and cause the price to crash. A natural disaster such as a hurricane and typhoon would be localized, so it wouldn't have an effect given the global nature of bitcoin. A world war might cause people to flee to precious metals that are physical perhaps.

What I believe to be especially beneficial to bitcoin is a man-made type of disaster: hyperinflation.

It depends on the intensity of the disaster. If the disaster destroys all or almost all of the bitcoin server all around the world correct me if I'm wrong with this one, this is how I undertand it at least, then it would produce a significant impact to bitcoin because the supply will decrease and that would result different consequences. And also if internet is paralyzed, there'll be no means to access bitcoin and use it. No interaction, it become useles and if this continues, it will become worthless.

at such times, of course no one can transact cryptocurrency. and I think of course the price will drop, it even becomes worthless. in damaged conditions, of course food will be very expensive to survive

Internet is the most important tools in using cryptocurrencies. Wars and great natural disaster will totally shut off the internet and decrease the usage of cryptocurrencies. You can't use cryptocurrencies if there is no internet to support it and bullrun will eventually useless to those affected investors, traders and users. The price of the coins might eventually affected in the event of prolonged conflicts and disasters.

If that happen of course there's affect to crypto because we you use internet so if there a disaster in some place the transaction every user will be interrupt because of the disaster or war. We all know that internet is important to us to use in crypto.

With a great recession or depression from whatever event, on paper or physical disruption, we are talking about loss for everyone and a retraction in productivity.    So the value of just about anything can be predicted to be falling in such times, there is a possibility to beat the trend for a product which can provide utility.

Its not impossible if the problem were unreliable currency value then Bitcoin might actually rise in real value terms of what it can be exchanged for.     The longest term measure of worth is an acre of wheat I guess but most commonly people talk about gold and how the value of anything relates to that long term is considered stable value.

The answer comes down to whether you think BTC is a flight of fantasy, used for entertainment only not especially useful beyond any digital currency system (doesnt have to be crypto even dollar can be digital) or does BTC in its solid standard bring genuine utility beyond conventional forms of exchangeable worth.

If BTC is a soft standard without genuine demand it will fall in a negative world economy, if its a required product and enabling business then I'd predict it will grow in value.    Normal dollar has great problems if the economy should retract as much debt is repayable in future, this means either default or a very loose standard and falling confidence in paper worth

If people wont care about bitcoins , then the bitcoins value would be stable instead of falling  but there is also a case that people will be stranded and cant use or withdrew money from a nearby atm because atm's were broken due to disaster or wars therfor people will only use thier bitcoin . bitcoins value will decrease this way

It will depend on the size of such a disaster. If it is of regional importance, then in the region itself and the surrounding areas the price of bitcoin and other cryptocurrency will increase. However, if a catastrophe really turns out to be global and affects the whole world, then, most likely, it will depreciate almost completely.