Would a global disaster increase or decrease the Bitcoin value ? - page 23.

Sled

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Quote from: posternat on November 20, 2017, 06:03:20 AM

Quote from: Oilacris on November 16, 2017, 03:32:07 PM

Quote from: bitbunnny on November 16, 2017, 03:10:36 PM

Not easy to tell but if the disaster would also limit the access to fiat money then probably the Bitcoin value would increase. But that also depends on the way that disaster would impact the Bitcoin infrastructure like internet and electricity. But in the case of global disaster the first thought of every human being on this earth would be how to save the life and then everything else.

When it comes to natural global disasters people wont really mind off on their money or any has value and would rather save their own lives first than on securing all of the assets they do have. Price or value of bitcoin wont really be affected unless if theres no internet which would really cause that there would be no transaction happen which means bitcoin would lost its value.

Any kind of global disaster will have diverse effect on anything and bitcoin is not anything exceptional . It will also a negative effect on price and volume as people will of course spend if it is anything related to financial disaster. Lets just hope things keep on running smoothly and there is no disaster type of situation worldwide as this is really will not be good not only for bitcoin but also for the mankind.

A global disaster will have a lot of negative effect on the world and like you said, bitcoin doesn't have any exception because it will get affected too. Bitcoin will have a lot of decrease on value because people will sell it because of the fear of global disaster and all of the businesses and other type of investment will have a huge decline too because global disaster means all of the things will get affected.

posternat

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Quote from: Oilacris on November 16, 2017, 03:32:07 PM

Quote from: bitbunnny on November 16, 2017, 03:10:36 PM

Not easy to tell but if the disaster would also limit the access to fiat money then probably the Bitcoin value would increase. But that also depends on the way that disaster would impact the Bitcoin infrastructure like internet and electricity. But in the case of global disaster the first thought of every human being on this earth would be how to save the life and then everything else.

When it comes to natural global disasters people wont really mind off on their money or any has value and would rather save their own lives first than on securing all of the assets they do have. Price or value of bitcoin wont really be affected unless if theres no internet which would really cause that there would be no transaction happen which means bitcoin would lost its value.

Any kind of global disaster will have diverse effect on anything and bitcoin is not anything exceptional . It will also a negative effect on price and volume as people will of course spend if it is anything related to financial disaster. Lets just hope things keep on running smoothly and there is no disaster type of situation worldwide as this is really will not be good not only for bitcoin but also for the mankind.

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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

Global disaster? Well bitcoin"s value will not decrease or increase since it won't matter anymore just like ither currencies including regular money. Because it will lead to a total devastation to the point that money will never matter. The thing that will matter will be food and shelter. System such as a money will no longer be used.

explosion

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That's a good question. In my opinion no, it won't affect the Bitcoin value. Espacially if something happens in countries where people don't even know anything about BTC

darewaller

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Quote from: trecore4 on November 18, 2017, 04:22:08 AM

I don’t think that it has got to do anything with the bitcoin or any other asset in the world.

I mean why anyone would think about the money when it is big war going on. There might be military division or government who will have to fill up their treasures for such bad time as they will have to mass produce the weapons and stand up big man rivalry.

I mean I’m sure what we will do with our money? Im sure that we won’t go outside the house and ask for the beer can when there will be fear of nuclear bomb falling your head. Lolz!

Im sure there won’t be any trades everything will be drained up in few days and we will die soon because this time every country has advanced weaponry and thats aint good.

You’ve got it wrong, there is one thing that controls the value of Bitcoin and that is the people (the community), and there is one thing that enables the community to contribute and invest on Bitcoin growth, and that one thing is money. In a situation whereby there is a disaster (depending on the type of disaster) the community will be forced to withdraw the Investment they have made so far, and thus will it lead to the decrease of value in bitcoin.

rickadone

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Quote from: kingntking on November 13, 2017, 10:07:36 AM

Quote from: bering on November 08, 2017, 02:42:10 PM

global disaster mean this is happened to almost all of the countries in the world and i think yes possibly it will decrease the value of cryptocurrency because when global disaster happened most of people only concern how to save their own life without care for their wealth and if it is so then bitcoin will being worthless and lack of interest also the damage effect is there's no internet connections which being the main thing to use bitcoin

Global disaster would eventually lead to a decrease in the value of bitcoins. This is because the value is entirely dependent upon the rate of investment and buying and selling of shares in the international market in terms of cryptocurrency.

And if there would be some kind of war between the countries or the whole world afflicted with the Btcs then obviously the market would crash leading to a decrease in the value of this digital asset.

I am really trying to see how that would really play out. Let us not forget this is not a centralized currency and that means we are talking about a huge war here that affects everyone globally.

It is normal in scenarios like this that people will want to cash out to be able to at least have food to eat, knowing that your currency in your wallet will be worthless if you cannot even see food to buy during a situation like this.

Still, I am trying to see how there can really be a global disaster that would really warrant to something like that and everywhere worldwide would be totally affected ? That would be like Armageddon. If it has to do with just some few places, then I doubt if it can affect the value of bitcoin.

BitPlace

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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

If in that kind of disaster maybe the price of bitcoin will drop because people will not think about earning bitcoin but they will be more focus on saving their lives before thinking about bitcoin. Maybe after the war or the great disaster is gone, they will back to their normal mindset and they will be going to invest more and then the price of bitcoin will rise again. So both decreasing and increasing of bitcoin's value will happen.

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Quote from: Semaj123 on November 18, 2017, 08:04:37 AM

Quote from: Bitcoincole on November 18, 2017, 03:52:23 AM

Quote from: naidray on November 18, 2017, 02:12:11 AM

Quote from: Aikidoka on November 13, 2017, 06:58:53 PM

The bitcoin world is running by people. No people, no bitcoin. Therefore, if the disaster hit the earth, people would be gone, thus so would the bitcoin. Added to that statement, what do you mean by big wars? Nuclear wars? If so, people would cease to exist. So no bitcoin.

So, basically, whatever happens to the earth will decide whether the users of bitcoin will still run it or not.

That is just the plain case here. When we are talking about a global disaster, then obviously everyone on earth has been cleared out. In that case, there is no fiat, there is no asset, there is no cryptocurrency and there is even no internet. More like a total black out.
Whatever happens to bitcoin will happen to every other thing else. Moreover, who is even going to buy your bitcoin or anything else in such scenario when everyone is struggling to survive ?

Well, i think it might be decreases the value of bitcoin since people will need more money to buy a lot of supplies for there they will sell the bitcoin and thus it affect the price.

Probably bitcoin would decrease its value because we people tend to think first how to survive in any case if big disaster will happen. In times of trouble we naturally help each other, thus this would likely affect the value of bitcoin.

The worldwide debacles impact numerous financial things that is the reason there are some shot of impacts however don't be stressed over it on the grounds that the fiascos won't influence Bitcoin for all time it will have some briefly minor impacts that is the reason try not to be stressed over the misfortune in Bitcoin.

Semaj123

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Quote from: Bitcoincole on November 18, 2017, 03:52:23 AM

Quote from: naidray on November 18, 2017, 02:12:11 AM

Quote from: Aikidoka on November 13, 2017, 06:58:53 PM

The bitcoin world is running by people. No people, no bitcoin. Therefore, if the disaster hit the earth, people would be gone, thus so would the bitcoin. Added to that statement, what do you mean by big wars? Nuclear wars? If so, people would cease to exist. So no bitcoin.

So, basically, whatever happens to the earth will decide whether the users of bitcoin will still run it or not.

That is just the plain case here. When we are talking about a global disaster, then obviously everyone on earth has been cleared out. In that case, there is no fiat, there is no asset, there is no cryptocurrency and there is even no internet. More like a total black out.
Whatever happens to bitcoin will happen to every other thing else. Moreover, who is even going to buy your bitcoin or anything else in such scenario when everyone is struggling to survive ?

Well, i think it might be decreases the value of bitcoin since people will need more money to buy a lot of supplies for there they will sell the bitcoin and thus it affect the price.

Probably bitcoin would decrease its value because we people tend to think first how to survive in any case if big disaster will happen. In times of trouble we naturally help each other, thus this would likely affect the value of bitcoin.

trecore4

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I don’t think that it has got to do anything with the bitcoin or any other asset in the world.

I mean why anyone would think about the money when it is big war going on. There might be military division or government who will have to fill up their treasures for such bad time as they will have to mass produce the weapons and stand up big man rivalry.

I mean I’m sure what we will do with our money? Im sure that we won’t go outside the house and ask for the beer can when there will be fear of nuclear bomb falling your head. Lolz!

Im sure there won’t be any trades everything will be drained up in few days and we will die soon because this time every country has advanced weaponry and thats aint good.

Bitcoincole

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Quote from: naidray on November 18, 2017, 02:12:11 AM

Quote from: Aikidoka on November 13, 2017, 06:58:53 PM

The bitcoin world is running by people. No people, no bitcoin. Therefore, if the disaster hit the earth, people would be gone, thus so would the bitcoin. Added to that statement, what do you mean by big wars? Nuclear wars? If so, people would cease to exist. So no bitcoin.

So, basically, whatever happens to the earth will decide whether the users of bitcoin will still run it or not.

That is just the plain case here. When we are talking about a global disaster, then obviously everyone on earth has been cleared out. In that case, there is no fiat, there is no asset, there is no cryptocurrency and there is even no internet. More like a total black out.
Whatever happens to bitcoin will happen to every other thing else. Moreover, who is even going to buy your bitcoin or anything else in such scenario when everyone is struggling to survive ?

Well, i think it might be decreases the value of bitcoin since people will need more money to buy a lot of supplies for there they will sell the bitcoin and thus it affect the price.

naidray

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Quote from: Aikidoka on November 13, 2017, 06:58:53 PM

The bitcoin world is running by people. No people, no bitcoin. Therefore, if the disaster hit the earth, people would be gone, thus so would the bitcoin. Added to that statement, what do you mean by big wars? Nuclear wars? If so, people would cease to exist. So no bitcoin.

So, basically, whatever happens to the earth will decide whether the users of bitcoin will still run it or not.

That is just the plain case here. When we are talking about a global disaster, then obviously everyone on earth has been cleared out. In that case, there is no fiat, there is no asset, there is no cryptocurrency and there is even no internet. More like a total black out.
Whatever happens to bitcoin will happen to every other thing else. Moreover, who is even going to buy your bitcoin or anything else in such scenario when everyone is struggling to survive ?

Gwen101

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Bitcoin is not related with any currency like the FIATs of dollars,hence is not related with any goverment at all. Bitcoin only depends on demand/offer and the social things it involves (reputation). If an important "leader" or a billionaire point at bitcoin as insecure or else the price drops. If there is a scandal, price drop, too. But if there is global war, depends on what kind of war. Nuclear war, no money can be safe, you would not be safe, either. If USA declares war, Bitcoin does not depend on dollars. Internet collapse, definitely it affects. So, it depends on.

Oilacris

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Quote from: bitbunnny on November 16, 2017, 03:10:36 PM

Not easy to tell but if the disaster would also limit the access to fiat money then probably the Bitcoin value would increase. But that also depends on the way that disaster would impact the Bitcoin infrastructure like internet and electricity. But in the case of global disaster the first thought of every human being on this earth would be how to save the life and then everything else.

When it comes to natural global disasters people wont really mind off on their money or any has value and would rather save their own lives first than on securing all of the assets they do have. Price or value of bitcoin wont really be affected unless if theres no internet which would really cause that there would be no transaction happen which means bitcoin would lost its value.

Domenc

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Bitcoin value is highly unstable, any news or rumors affect its price and so if case arises like global disaster or war. There will be a dip in the price as market and investors will be completely focused upon the effects of war, further events like this can reduce the usage of Bitcoin to greater extent. But issues like this are highly unpredictable and one can expect a sudden up and down in the market as it can create a panic in the market.

Zongxian

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I think it will depend on what the disaster is if it has something to do with the nature i do not think it will affect it at all but if it as something to do with the economy than even bitcoin could be attacked by it and the price could go down.

bitbunnny

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Not easy to tell but if the disaster would also limit the access to fiat money then probably the Bitcoin value would increase. But that also depends on the way that disaster would impact the Bitcoin infrastructure like internet and electricity. But in the case of global disaster the first thought of every human being on this earth would be how to save the life and then everything else.

Fleshslasher

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I think that it would decrease because when a global disater happens many users will die of bitcoin. This means that their coins will lost and people will stop focusing on trading and investing.

So with all this happening every coin will go down very easily because life is more important in this situation.

candy69

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I don't think that global disaster would affect bitcoin value. Bitcoin will move on its own course.

Kevondo

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Quote from: Vaskiy on November 16, 2017, 09:20:28 AM

At any point one cannot oppose the nature. If something is to happen, surely it happens. Sometimes due to the innovation that human minds have made the vigorous disasters can be delayed. So, surely global disaster will have some impact upon the global economy which at some point surely affects the bitcoin too, in terms of value.

Yes it is very hard to oppose the nature but with the passage of the time the bitcoin value will increase more and more, it is the time of the new age and the bitcoin is increasing more and more if you will deny to use the bitcoin you will see how fast the bitcoin value will be and how fast it will increase in the future I am sure the bitcoin will help a lot of the people in future. We will try to make it more and more popular.

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