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Topic: Would a global disaster increase or decrease the Bitcoin value ? - page 24. (Read 8205 times)

legendary
Activity: 2646
Merit: 1106
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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.
hero member
Activity: 1134
Merit: 515
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

Depends on which country that got hit by big wars or natural disaster. If big wars on big countries such USA, China and Japan, it will be big. It will affect the price of bitcoin for sure, i'm not sure about natural disaster though. Bitcoin users will think it's just a normal thing but big wars will be different.
Totally depending on the type disaster as in past the china banned bitcoin that effect the bitcoin market a bit but bitcoin successfully survived through that crises situation now bitcoin is used to the such kind of time laps so I don’t think so that anything will effects its value anymore and if its top consumer countries will stay peaceful bitcoin will go far beyond the progress limit so hope that things will stay at peace.
hero member
Activity: 1148
Merit: 528
We have already a lot of disasters but mainly placed only in some part of the world. If we had a huge disaster(what i also don't whish) then it would be maybe strong increase? or decrease? It is very hard to say, because the huge disaster for you may be the small for someone else...
It all have a weigh with crypto users. By the way I think that the crypto would still grow, because decentralization would provide access to network even during war or natural disaster.
We should always hope for the best but at the very same time we need to prepare ourselves for the worst. In case of some global disaster, things will not remain the same as they are right now. Each and every one of us will be affected with that. There are likely chances that the worth of bitcoin will be greatly decreased by that time. There will be a lot of hustle around the world and everyone will be least bothered about bitcoin.
legendary
Activity: 1137
Merit: 1000
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 that happens I personally would not think of bitcoin anymore.
and will try to find my family and relatives who survived the disaster.
I think the bitcoin price will be worthless if it happens right.
Bitcoin will not get affected by any incident happening around because it has survived through each and every critical crisis and as we see in the past that as conflict between America and Korea was aroused but there will be no effect on the coin price and this situation will be continued now it has become unstoppable and people will give it prosperity and progress as the time passes so hope for best.
full member
Activity: 294
Merit: 100
obviously if global disaster will happen, it may probably cause a decrease of funds or coin stock for this reason that bitcoin accounts may be lost during the disaster and cannot be reconcile. For this reason the value of bitcoin may increase due to lack of coins and it is very much in demand.
jr. member
Activity: 54
Merit: 10
All the way up!
legendary
Activity: 1204
Merit: 1028
I think the opposite of most people here - a global disaster would increase Bitcoin value. Firstly, there would be countries where the local currency becomes worthless and the population turn to Bitcoin (like Venezuala now). Secondly, lots of people would go on the move - refugees - and the easiest way to move money from one country to another is Bitcoin (you certainly don't want to be carrying gold).
Price will get more boost as the time will pass because still many people are out there in underdeveloped countries who are unaware of this coin so as in future years there will be more rise people will rush more to this coin so I am investing into this coin for sake of getting high profit through it and it will deliver me maximum profit and a secure lavish future and an epic living standard also.
hero member
Activity: 980
Merit: 506
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 that happens I personally would not think of bitcoin anymore.
and will try to find my family and relatives who survived the disaster.
I think the bitcoin price will be worthless if it happens right.
You never know what is going to happen in the future. The thing is if something like this happens in the future, then I am afraid that there will be nothing left in this world. That global disaster will effect each and every one of us. The market price of bitcoin will for sure fall down in a significant manner. In fact, it will not be only bitcoin but almost everything will be effected at that time.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
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.


Those kind of scenarios will definitely decrease the bitcoin value because the value of bitcoin is depending on the demand of the people in the market so as the wars or worst case scenarios will happen then it will result for having a huge decrease on the demand that will drag down the value of bitcoin because the demand is also going down.
sr. member
Activity: 910
Merit: 257
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

In my opinion, if it involves two major countries such Germany USA or France, there might be a negative impact I suppose. There will be another "great depression" so to speak, specially if it's nationwide. I guess the main concern of the people would be survival and not a care about the what value of bitcoin is at that moment. Less demand equals less value.
sr. member
Activity: 1078
Merit: 342
Sinbad Mixer: Mix Your BTC Quickly
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.

member
Activity: 102
Merit: 100
It can't affect the value of bitcoin. Even if there will be any natural phenomena to occur (Hoping it won't happen) because bitcoin's price still relies on how the people frequently use it. If there will be a big war to happen, it will still rely on the usage like merchants who accept bitcoin, miners or people who cashes-out to pay bills or for personal needs and etc. There are a lot of factors that affect the price of bitcoin in the market but I just don't think that the disasters you stated will have any affect on it.
member
Activity: 98
Merit: 11
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.
full member
Activity: 518
Merit: 103
I think, we should look back to answer this one, bitcoin was created after the 2008 depression and it increased its value after that and whenever a global disaster, let's say a war emerges, people would not rely on banks to safe keep their money since their is bitcoin, which is much safer, and banks could easily be robbed, and for sure, as lomg as their will be internet and access to bitcoin, the value.of bitcoin has a huge potential for it to rise. In the event another great depression will occur, those who have bitcoin will still have more than enough, and this.might trigger a shift from fiat to cryptocurrency, since people would raher have their money in a safe place, specifically their wallets.
full member
Activity: 269
Merit: 106
In my opinion a global disaster will incrase the value of bitcoin. Bitcoin is the new gold baby  Grin
hero member
Activity: 700
Merit: 500
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

Bitcoin is a cosmetic wealth it is useful only when there is disturbance to the world. God forbid if any disaster happens, if it is manmade or natural bitcoin and bitcoin owners will be affected the most from it. Look at how small things affects bitcoin price even the small rumors drag it price low by a thousand dollar in an hour. Bitcoin is a virtual currency designed to be used in an ideal condition. In disasters after life saving people look for the concrete and solid assets which could help them in survival. Gold and fiat are the least affected assets in a disastrous situation.       
sr. member
Activity: 1050
Merit: 254
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

Depends on which country that got hit by big wars or natural disaster. If big wars on big countries such USA, China and Japan, it will be big. It will affect the price of bitcoin for sure, i'm not sure about natural disaster though. Bitcoin users will think it's just a normal thing but big wars will be different.
hero member
Activity: 1610
Merit: 507
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 the value will be increase because in that time, we can not using fiat because people seems to difficult to buy something with their money and i think there will be chaos in everywhere. so if there is any internet connection then we can use bitcoin to buy something but i think if big wars and great natural disaster is really happen then i think nothing currency can be use and the world is really in chaos situation.
member
Activity: 81
Merit: 10
I don't know if global disaster can affect bitcoins value but maybe it can depends on the situation, the only think that I can think that will affect bitcoins value is if there will be something wrong with the internet. People won't be able to access their bitcoin if that will happen or if government will have a firm decision  about bitcoin to either embrace it or ban it.
full member
Activity: 196
Merit: 100
We have already a lot of disasters but mainly placed only in some part of the world. If we had a huge disaster(what i also don't whish) then it would be maybe strong increase? or decrease? It is very hard to say, because the huge disaster for you may be the small for someone else...
It all have a weigh with crypto users. By the way I think that the crypto would still grow, because decentralization would provide access to network even during war or natural disaster.
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