Would a global disaster increase or decrease the Bitcoin value ? - page 4.

STT

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Quote from: stevegee58 on April 10, 2019, 02:34:38 PM

In a zombie apocalypse Bitcoin would drop to 0.

Actually I think that might be the ideal scenario, this is where the population gets sick but the infrastructure is left in tact but unmanned. Well BTC shouldnt be requiring the same kind of administration as manual banking systems require.

A disaster with destruction of equipment or power loss is far harder to get round

mrdeposit

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Even when the news is heard from any country about the war, the national currency falls. And btc, although different from the national currency, will face the same result. In misery, I do not think anybody will invest money in btc.

Xampeuu

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Quote from: coin-investor on April 10, 2019, 08:03:25 AM

Quote from: CosmicVibe on February 25, 2017, 02:01:51 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

There's a possibility that the supply of Bitcoin will diminish since this is a war people will encounter untimely death and loss of properties and there's a possibility that their shares will also lose, there are a lot of people lose their coins even if there is no disaster, what more if there is one

right, especially if there is a loss of life, of course they are not prepared to first give a secret key to the heirs, and this can reduce the supply of bitcoin, and I think this will be a problem, because the btc supply is also limited

stevegee58

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In a zombie apocalypse Bitcoin would drop to 0.

Pagri

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Unfortunately, the experience that has been observed in previous tragedies (when bitcoin did not exist yet), is that people do not look for innovative alternatives, but tend to take refuge in millennial and traditional stores of value, so they exchanged metals or jewels and to store grains and food was always the most appropriate way out of contingencies, and apparently it will continue to be so, in the face of a world-scale cataclysm, bitcoin will most likely fall sharply in price, as the interest of humanity woul be focusing in secure the basics for survival, forgetting speculative assets.

Harley29

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Quote from: coin-investor on April 10, 2019, 08:03:25 AM

Quote from: CosmicVibe on February 25, 2017, 02:01:51 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

There's a possibility that the supply of Bitcoin will diminish since this is a war people will encounter untimely death and loss of properties and there's a possibility that their shares will also lose, there are a lot of people lose their coins even if there is no disaster, what more if there is one

Well it will not affect according to me because I think both if it happens or not but the value of the bitcoin will remain the same as there will be less number of people in the world but still people will need something fast service to use and as fiat has the physical presence so it will get spoiled but as crypto like bitcoin is the digital currency so it will remain the same.

coin-investor

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Quote from: CosmicVibe on February 25, 2017, 02:01:51 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

There's a possibility that the supply of Bitcoin will diminish since this is a war people will encounter untimely death and loss of properties and there's a possibility that their shares will also lose, there are a lot of people lose their coins even if there is no disaster, what more if there is one

zemper

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Quote from: CosmicVibe on February 25, 2017, 02:01:51 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

Great natural disasters or big wars can possibly destroy international and intercontinental telecommunications. So it will slow down or even destroy blockchain systems too. I also suppose that USA's economic collapse could significantly increase value of cryptocurrencies.

DigitalCyberius

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Many different scenarios. Technically, a solar flare or a mass coronal ejection would be a natural disaster, and an EMP could well be part of future warfare. You probably want to avoid those because it could render BTC useless, which could happen. Even if neither happened, a major war could still knock out power grids in other ways. Of course, it would also depend on where you're located, and if BTC is accepted there. As it is, it's still pretty scarce, globally speaking, yes? It could be seen as a valuable asset to move funds out of dangerous areas (though it has a history of volatility), or as a sort of middle man, as there are platforms which can transfer funds using different mediums and the end location can get another crypto. But then again, people on a wider level will probably be more worried about wide acceptance and high liquidity in that type of situation and may prefer cash or metals or even bartering, depending on how close you are to the fighting. Crypto may be a nice alternative for some, but we'll have to see how crypto adoption on a larger scale works out.

Have a good day,
The Cyberius team.

Malsetid

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Quote from: Adriano2010 on April 09, 2019, 02:51:15 PM

Depends who is on war and what countries are affected, if are country affected where most miners mine bitcoin that this can affect bitcoin in bad and make the price goes down for some time, but if other people will try to mine it then after war bitcoin can have a huge grow.

A world war doesn't choose which country would be affected or not. Everyone, one way or another, will feel the effects of a world war especially if it includes nuclear warfare. The survivors of that if ever would have very little to start over with and will have survival problems that no one would have the time to worry about bitcoin's value.

Adriano2010

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Depends who is on war and what countries are affected, if are country affected where most miners mine bitcoin that this can affect bitcoin in bad and make the price goes down for some time, but if other people will try to mine it then after war bitcoin can have a huge grow.

Betwrong

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Quote from: gentlemand on April 06, 2019, 04:40:13 PM

Quote from: Betwrong on April 01, 2019, 09:46:44 AM

I absolutely agree with you on gold, and I think bullets can be currency, as cowrie seashells used to be, particularly on a local level. But I think in a global nuclear war scenario not every country will be targeted, only major ones, and thus the Internet can survive. So I can imagine a situation when in the post-war world former hard currencies are no longer trusted, but the there is a need for a universally trusted currency, especially for conducting transnational operations.

Even if a country itself was unscathed, the economy would be so mangled and supplies would collapse so rapidly that you'd wind up full Lord of the Flies in no time. Things are far too interconnected these days for anywhere to carry on ticking away happily if the major powers were smoking ruins.

I agree that if major countries were targeted in a nuclear war scenario no one would be happy, and most likely those who survived would live in escalating chaos until the end of days. But if, in a less likely scenario, the world was rising from the ashes, fiat money would be the last thing people trust. In that case people would use barter on a local level, and they would rather use Bitcoin, a capped currency, for transnational businesses, because the amount of any other currency would be hard to evaluate even approximately.

spadormie

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If that kind of events affects many bitcoin users let's say 20% of the bitcoin users mostly whales affected by that and die then that would be a big impact in cryptocurrency. This will lead to frozen of bitcoin in wallets for some reasons.

gentlemand

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Quote from: Betwrong on April 01, 2019, 09:46:44 AM

I absolutely agree with you on gold, and I think bullets can be currency, as cowrie seashells used to be, particularly on a local level. But I think in a global nuclear war scenario not every country will be targeted, only major ones, and thus the Internet can survive. So I can imagine a situation when in the post-war world former hard currencies are no longer trusted, but the there is a need for a universally trusted currency, especially for conducting transnational operations.

Even if a country itself was unscathed, the economy would be so mangled and supplies would collapse so rapidly that you'd wind up full Lord of the Flies in no time. Things are far too interconnected these days for anywhere to carry on ticking away happily if the major powers were smoking ruins.

whirlcoin

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Quote from: CosmicVibe on February 25, 2017, 02:01:51 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

there is nothing changes with their development or falling of Bitcoin in this world because there is no connection between the world economy and the Bitcoin so if anything will be changed in the Bitcoin there will be no connection between the development of normal economic situation

Snaic

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Quote from: Pab on March 25, 2019, 10:05:49 PM

If those things will happen if it will be really global then bitcoin price will be last to be worry about

That's for sure. If a global catastrophe happens, it will put people on the brink of survival. At the same time, the Internet will probably disappear, and with it the cryptocurrency will disappear. Of course, in such a situation, the cryptocurrency will simply be forgotten.
Even if the Internet still works for some time, people will be afraid that it may disappear and the cryptocurrency will practically depreciate. Even if the threat of the disappearance of the Internet is not, which is unlikely, vseravno with a global catastrophe, the liquidity of the cryptocurrency will drop sharply, products and essentials will be valued.

jademaxsuy

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It will definitely decrease as we all know that cryptocurrency depend on fiat money for now so what ever downfall it will going to take on the fiat monet like disaster then it will going to affect cryprocurrency also. Then we are talking about global disaster so it may be worst. The disaster itself in dictionary had no good meaning and hopefully it will not going to hit us any kind of disaster.

Betwrong

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I stand with Ukraine.

Quote from: gentlemand on April 01, 2019, 06:26:17 AM

Economic meltdown in a few countries would work in BTC's favour.

A legit global catastrophe would render BTC as abstract and meaningless as everything else including gold.

The only things worth anything would be food, medicine and bullets.

I absolutely agree with you on gold, and I think bullets can be currency, as cowrie seashells used to be, particularly on a local level. But I think in a global nuclear war scenario not every country will be targeted, only major ones, and thus the Internet can survive. So I can imagine a situation when in the post-war world former hard currencies are no longer trusted, but the there is a need for a universally trusted currency, especially for conducting transnational operations.

gentlemand

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Economic meltdown in a few countries would work in BTC's favour.

A legit global catastrophe would render BTC as abstract and meaningless as everything else including gold.

The only things worth anything would be food, medicine and bullets.

Mometaskers

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Depends on the disaster and how much of the world is affected. Destroyed infrastructure is definitely going to negativeky affect the price. Bitcoin might survive a few weeks of power interruption but if places where majority of miners are affected, that's definitely a huge setback.

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