Topic: Would a global disaster increase or decrease the Bitcoin value ? - page 29. (Read 8205 times)
February 27, 2017, 11:00:50 AM
It really just depends on what kind of disaster we are talking about. If the internet goes down in large parts, then trust me, the interest in BTC is going to tank a massive nosedive.
February 27, 2017, 10:51:42 AM
If the disaster are destroy everything like electricity especially since to operate bitcoin , all people who invest bitcoin need internet while internet need electricity to operate. If there's no internet means bitcoin worldwide transaction will be pause and it will destroy it's value for sure ( major disaster )
February 27, 2017, 10:49:35 AM
Depends on the kind of disaster but if this would include termination of electricity and internet then Bitcoin would become useless and worthless. And this would probably mean the end of the world we know with all civilization developments. If some big meteor strikes the earth human kind would return to caves and struggle for surviving and no one would be thinking about the Bitcoin.
February 27, 2017, 10:47:28 AM
It would increase bitcoin's value as long as the internet is up and running. In such event, people would want to be as liquid&mobile as possible. Bitcoin is not the most liquid shit out there but it's the most mobile that's for sure. Banks always create problems when you transfer your money overseas, they apply high fees. Gold can be stolen and its impossible to have them transferred overseas without being noticed. Bitcoin solves all of those problems but one still remains. It is the bitcoin's high volatile price. It is rising now but you never know what's going to happen tomorrow. You can still lose so much shit if you buy from today's price.
February 27, 2017, 10:38:21 AM
If a big war or natural disaster happened.
I think the value of basic amenities like water, food, shelter and energy(electricity, fuel) would increase.
The inflation on those items and things would increase dramatically.
The buying power & value of fiat and bitcoin would decrease as people became more survival oriented & the stability of everyday life deteriorated.
If a major disaster happens the luxury of the life we know and enjoy today is going to go, like internet and television and other things and that would mean no bitcoin and no nothing, people would start looking for basic needs to survive and won’t give a shit about the price of the bitcoin. I think the value of basic amenities like water, food, shelter and energy(electricity, fuel) would increase.
The inflation on those items and things would increase dramatically.
The buying power & value of fiat and bitcoin would decrease as people became more survival oriented & the stability of everyday life deteriorated.
February 26, 2017, 10:10:59 PM
We are making speculation here.
First, we have to see which country that was having disaster. If that country not accept bitcoin or their government declared bitcoin has no legitimate, and/or peoples in that country doesn't know bitcoin, I think it will not give an impact for bitcoin price.
But if you talk about storm in Canada, earthquake in China, yes it would be some decrease in bitcoin price. Analyze the bitcoin communities in that countries.
First, we have to see which country that was having disaster. If that country not accept bitcoin or their government declared bitcoin has no legitimate, and/or peoples in that country doesn't know bitcoin, I think it will not give an impact for bitcoin price.
But if you talk about storm in Canada, earthquake in China, yes it would be some decrease in bitcoin price. Analyze the bitcoin communities in that countries.
February 26, 2017, 10:07:43 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 ?
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 ?
Internet is the key to use bitcoin. So if such a case that there's a global disaster and internet is not affected then bitcoin can be used. But take note also that to access bitcoin, people involved must have a way to access it. In case of natural disaster, there is a so called power shortage because some lines might wrecked due to that natural disaster. About on big wars, how come people can access internet if power source or ISP station have been damaged.
And even with those things are not happened, cashing it out is a problem since I doubt there will be an open service like that while there's an ongoing war or disaster.
February 26, 2017, 10:02:02 PM
all depends on where and what really
February 26, 2017, 09:34:19 PM
I think it all depends on the nature of the disaster. If the disaster is only affecting economy, then yes bitcoin will increase in value. However, if the disaster is affecting things other than economy, such as environment, lives.... then maybe everything including bitcoin will be affected. You can't send bitcoin without electricity right?
February 26, 2017, 08:59:05 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 ?
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 ?
Actually the primary thing to affecting the increase or decrease price of the cryptocurrency is the economic disaster. The nature disaster will not giving anything for the price. but with the world war, it means if the world already on the more than just an economic disaster.
My conclusion you couldn't have used the cryptocurrency in such condition.
February 26, 2017, 03:26:19 PM
Let's be realistic here:
1. In case of global conflict we would most likely see some nukes - and it is hard to estimate what will happen after these are used.
2. Bitcoin to be used requires Internet, global network will be usually first target in case of war.
3. If we are talking about natural disasters then prices of necessities: food, water, shelter will skyrocket. Bitcoin isn't in that category.
4. How would you trade BTC when internet might be malfunctioning or there won't be any 3rd party services to process your BTC exchange to fiat?
1. In case of global conflict we would most likely see some nukes - and it is hard to estimate what will happen after these are used.
2. Bitcoin to be used requires Internet, global network will be usually first target in case of war.
3. If we are talking about natural disasters then prices of necessities: food, water, shelter will skyrocket. Bitcoin isn't in that category.
4. How would you trade BTC when internet might be malfunctioning or there won't be any 3rd party services to process your BTC exchange to fiat?
It turns out that Bitcoin has value only when all the world is good and there are no negative incidents. But if there is no Internet, then Bitcoin will become meaningless
February 26, 2017, 01:49:20 PM
Let's be realistic here:
1. In case of global conflict we would most likely see some nukes - and it is hard to estimate what will happen after these are used.
2. Bitcoin to be used requires Internet, global network will be usually first target in case of war.
3. If we are talking about natural disasters then prices of necessities: food, water, shelter will skyrocket. Bitcoin isn't in that category.
4. How would you trade BTC when internet might be malfunctioning or there won't be any 3rd party services to process your BTC exchange to fiat?
1. In case of global conflict we would most likely see some nukes - and it is hard to estimate what will happen after these are used.
2. Bitcoin to be used requires Internet, global network will be usually first target in case of war.
3. If we are talking about natural disasters then prices of necessities: food, water, shelter will skyrocket. Bitcoin isn't in that category.
4. How would you trade BTC when internet might be malfunctioning or there won't be any 3rd party services to process your BTC exchange to fiat?
February 26, 2017, 01:41:36 PM
If you are living on a place or community where people are into bitcoins and you are going to be one in the middle of the war/global disaster. Bitcoin's price will be moved depending on many volumes of transactions are happening in your place or if a whale will be affected with it.
February 26, 2017, 11:48:48 AM
It would really depend on how widespread the disaster is globally and within each country. Let's say for example that it was like WWII where certain belligerents did not suffer so much. America for example did not have any sizable attack on its soil. In that case, bitcoin would still be usable in that country and might even have a price increase. Of course this is just a simplification, the world have become even more integrated economically since then. Even if you are in an untouched country, if people in a lot of country are dumping their coins, your own coins would be worth much less.
I personally would probably still keep my coins with me. I'm in SE Asia and I become a refugee, I might be able to use whatever value is left in my coins in the country I flee to.
I personally would probably still keep my coins with me. I'm in SE Asia and I become a refugee, I might be able to use whatever value is left in my coins in the country I flee to.
February 26, 2017, 10:57:07 AM
Natural disaster will increase the prices of Bitcoin. Bitcoin is based on the algorithm and physical danger can not affect it. Therefore, if there are some disasters on our planet, people will spend their money in Bitcoin in order to save and protect their property. And if there were a cyber disaster, the prices of Bitcoin would be affected a lot in the negative ways
February 26, 2017, 09:21:26 AM
If it's a global war on when all countries are affected related to their economic state specially to usd then it will affect bitcoin but talking about natural disasters then it would depend on the situation and as long there's Internet bitcoin should be fine.
February 26, 2017, 09:04:07 AM
In general it will increase BTC value, unless something so big happens that water and food are the only important things to seek. Its like in WWII when someone sold his house for a plate of food, it was most important to survive than anything else.
February 26, 2017, 08:36:11 AM
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 ?
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 ?
The answer will depend on the situation as to what kind of calamity, war and natural disaster would hit earth. We will need important datas such as the extent, scale and the location of impacts of the mentioned catastrophic events before we can assess the situation. Without these datas the answer that I could give is that it is possible that bitcoins price may increase or decrease during calamities depending on the situation and the reaction of people towards bitcoin when that happens.
February 26, 2017, 07:26:27 AM
To my view, bitcoin has proven to be almost immune to global events or fundamental information that generate great volatility in financial markets, that is why I don't think a global disaster can generate important moves in the bitcoin price.
There is a big difference between global events that generate volatility and a global disaster.
A really big global disaster that can destroy the planet will destroy bitcoin for sure.
It`s really stupid to think that it might increase/decrease btc value.When such a disaster will strike,nobody will care about Bitcoin,USD or Gold prices.
February 26, 2017, 07:09:00 AM
World war lll or something Big war will can affect Bitcoin.
We know if world war lll comes they limit the internet in every countries that affected by the world war.
We know if world war lll comes they limit the internet in every countries that affected by the world war.
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