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Topic: Would a global disaster increase or decrease the Bitcoin value ? - page 28. (Read 8205 times)

legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
Since bitcoin and other crypto currencies are already in demand. When a global disaster hits the Earth and most of the networks are being interrupted by it.

The value of bitcoin will be decreasing because those people that are affected of disaster will sell it immediately on the fastest way they can.

And that way is by selling it low in exchange of cash.
When people need money, they will usually look for their investments and more particularly in the times of emergency we cannot expect ourselves to look for good prices to get cash. But I doubt there will be any possibilities of world wide disasters to make bitcoin kind of electronic based system to collapse because just a dump from one part of world will not impact bitcoin in long run basis.

Significantly we need to worry about bitcoins on world wide event as survival of human itself will be a very big questions in that times. These may seem imaginary and in some degree complete meaningless too. But we need to get ready for any unexpected emergencies too. So that we can protect something the level we could.
hero member
Activity: 994
Merit: 544
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 don't think that bitcoin will crash the price down if ever there is a global disaster happen. In my point of view in terms of nature case bitcoin has no connected with it. Meaning it wouldn't affect at all.

If you have read the original post of the author regarding the Electromagnetic Pulse that will shock the world then bitcoin surely will be a goner. The reason is simple, when an EMP wave will be released all electronic running devices, equipment, appliance including gadgets will no longer work. If there will be no electricity there wil be no internet and how in the world can we access bitcoin. It simply means death for bitcoin.
sr. member
Activity: 1246
Merit: 255
Global disaster!!! Hmmm, Although I pray it wont happen but it wouldn't increase bitcoin value.The mortality rate will firstly reduce the number of technologist/bitcoin traders. "Global" disaster will also affect the technology itself.
 
 
legendary
Activity: 1120
Merit: 1000
I don't think that bitcoin will crash the price down if ever there is a global disaster happen. In my point of view in terms of nature case bitcoin has no connected with it. Meaning it wouldn't affect at all.
If it's global disaster, world war or something that could destroy internet connection then bitcoin's price would be down this due to people loosing their access over their bitcoin, and also there is no mining activity, no one can verify your transaction, the systems would be down. Not only bitcoin but also fiat currency that's why gold's price is increase when world war happened, who wants bitcoin when they can't transaction with it or even access it?
According to law of supply and demand, as demand increases then the price goes up or vice versa.
hero member
Activity: 3038
Merit: 634
Since bitcoin and other crypto currencies are already in demand. When a global disaster hits the Earth and most of the networks are being interrupted by it.

The value of bitcoin will be decreasing because those people that are affected of disaster will sell it immediately on the fastest way they can.

And that way is by selling it low in exchange of cash.

I'll go with this idea.  If disaster hit the world, the first one to increase i value are the commodities.  This will definitely make cryptocurrency less in value.  Aside from that, If the disaster hit the people who are supporting Bitcoin then probably there will be a less support and people selling their Bitcoin to buy their needs will result in colapse in Bitcoin price.

Yes the demand of commodities will be increasing as the people needs to do it so and will take the advantage of the situation.

And since banks aren't going to be operating the usual way and those people that has cash will possibly the one that can buy their needs.

For those people who had bitcoins will probably sell it with lower price.
copper member
Activity: 1050
Merit: 500
Since bitcoin and other crypto currencies are already in demand. When a global disaster hits the Earth and most of the networks are being interrupted by it.

The value of bitcoin will be decreasing because those people that are affected of disaster will sell it immediately on the fastest way they can.

And that way is by selling it low in exchange of cash.

I'll go with this idea.  If disaster hit the world, the first one to increase i value are the commodities.  This will definitely make cryptocurrency less in value.  Aside from that, If the disaster hit the people who are supporting Bitcoin then probably there will be a less support and people selling their Bitcoin to buy their needs will result in colapse in Bitcoin price.
hero member
Activity: 3038
Merit: 634
Since bitcoin and other crypto currencies are already in demand. When a global disaster hits the Earth and most of the networks are being interrupted by it.

The value of bitcoin will be decreasing because those people that are affected of disaster will sell it immediately on the fastest way they can.

And that way is by selling it low in exchange of cash.
hero member
Activity: 648
Merit: 502
 Everything is affected by a global disaster. Country, people, animals, the government and even the invironment is affected. Famine, storms, drought, epedimia, conflicts and wars make people and the country poorer. Mai I ask you who is the one who uses Bitcoin? No one except the people of this world. If a global disaster occurs everything is affected, even paper money is affected so does Bitcoin. Bitcoin is useless without it's people. A global disaster can happen if a meteor hits the earth, if the global fault shifted and earthquake creates massive damage or if a nuclear war happens. Bitcoin value will not just decrease, there will be no value at all and I hope that day won't happen because when that happens it's not about cryptocurrencies or government or money. It's about life and death. My province is prone to storms. I know what it feels to have a disaster. It's just happened in my country, so I don't know what will happen if it happens to the world.
hero member
Activity: 1008
Merit: 510
In a global disaster, I think all currencies would decrease in value. And if the internet was affected by this disaster, then obviously, Bitcoin would not make it.
legendary
Activity: 2562
Merit: 1441
Value of commodities like food, water, electricity and shelter might increase.

Luxuries like gold, diamonds, paper money & bitcoins might decline.

BTW - If indians really did trade manhattan for $24 worth of beads and trinkets, I could be totally wrong about that.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
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
It would depend on the nature of the disaster, if it is a war then most likely the value of bitcoin will go down, if it is a natural disaster like an earthquake then I don’t that having too much of an effect but if what it happens is an economic storm then bitcoin will gain a lot of value.
jr. member
Activity: 59
Merit: 10
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 don't think that bitcoin will crash the price down if ever there is a global disaster happen. In my point of view in terms of nature case bitcoin has no connected with it. Meaning it wouldn't affect at all.
If there is a global catastrophe on earth then all the values will change immediately. I am sure that it will affect not only bitcoin, but all the other currencies. The price will food and necessities.
hero member
Activity: 1092
Merit: 500
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 don't think that bitcoin will crash the price down if ever there is a global disaster happen. In my point of view in terms of nature case bitcoin has no connected with it. Meaning it wouldn't affect at all.
sr. member
Activity: 770
Merit: 268
In case of  global disaster, price of increasing a currency or commodity is less. In fact price of essentials of life such as food, grains, medicines, water, fuel (petrol, diesel) etc are far more higher. In fact if you check history, recent or old history, one point is observed commonly people cut down expenses and try to keep things as handy as possible.

Thus I don't think there is much chance of increase in bitcoin value.
legendary
Activity: 1666
Merit: 1001
I think if global disaster happened it will decrease the bitcoin value, the reason is because people will lost internet connection and they will focus to look for safety rather than trade bitcoin, and if less people using bitcoin it will decrease the price, but that will be temporary after everything back to normal then the price will also back to normal, so it is only temporary impact
legendary
Activity: 1652
Merit: 1000
it all still depend on the type of disaster it self because if the disaster happenning on the particular countries i think it will not be too affected for bitcoin even possible to decrease the price of bitcoin but it is still valuable but if the disaster happening for the whole of world i think probably bitcoin would not valuable anymore because most people only will thinking about their safety and how to get out from the chaos
legendary
Activity: 1218
Merit: 1007
I feel that it will increase the number of bitcoin, because in case of a disaster, it is very difficult to conduct transactions. so, the internet will be a shortcut to provide aid, in the form of donations, and bitcoin transaction will be a tool that is used. it makes an increase in the number of the bitcoin.

in case of disaster such that is global for example a big world war, you donate blankets and canned food, nobody wants money and surely nobody is behind a computer accepting bitcoin donations.
The only time people will ever not want money is if there is an utter collapse of absolutely everything and there is no hope that they will ever be able to get back on track the where we used to be. It would essentially have to be a near-armageddon event in order for people to not want something of value.

In a big war, depending on who causes it, there might be a lot of ways to make money.
hero member
Activity: 518
Merit: 500
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

Natural disaster include earthquakes, floods, tsunamis,etc.can have serious negative affects for many businesses. In bitcoin, as long as the internet is running or operating, the value of bitcoin will continue to increase.
legendary
Activity: 2114
Merit: 1293
There is trouble abrewing
I feel that it will increase the number of bitcoin, because in case of a disaster, it is very difficult to conduct transactions. so, the internet will be a shortcut to provide aid, in the form of donations, and bitcoin transaction will be a tool that is used. it makes an increase in the number of the bitcoin.

in case of disaster such that is global for example a big world war, you donate blankets and canned food, nobody wants money and surely nobody is behind a computer accepting bitcoin donations.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
I feel that it will increase the number of bitcoin, because in case of a disaster, it is very difficult to conduct transactions. so, the internet will be a shortcut to provide aid, in the form of donations, and bitcoin transaction will be a tool that is used. it makes an increase in the number of the bitcoin.
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