Topic: Would a global disaster increase or decrease the Bitcoin value ? - page 5. (Read 8205 times)

let alone global catastrophe bad news from the government can influence the development of crypto currency so let alone with bad changes about the world

First of, I want to say that I agree with many posters in this thread saying we don't need any global disaster because most likely any field will be affected in a negative way in that case. But let's fantasize a bit, let's imagine that a nuclear war happened and all big cities with banks and other vital institutions have disappeared as a result. All the currencies, people accustomed to trust, like EUR, USD, GBP, CHF, etc. are suddenly worth nothing because the countries they were backed by were targeted above all others. What people would prefer to use as a global currency in that case?

A natural disaster (i hope it will not be the case) it will affect the value of bitcoin considering the simple fact that meaning would be almost impossible.

it will actually make the infrastructure of using bitcoin become hampered, it needs internet to use bitcoin, it needs a signal from the transmitter, and if the earthquake of course the transmitter will be damaged, electricity will go out and the use of bitcoin will decrease

Depending on how big the disaster is, if the disaster is very large it will definitely affect the price of Bitcoin, but if the disaster covers only a small part of the world, I don't think it will have a big effect, because we can imagine only a percentage of people will sell the coin.

First of all, I do hope that the global disaster will not happen. Secondly, such a Force Majeure situation cannot cause Bitcoin pump. People will be more interested to have money in their hands.

If a global disaster was happening it will definitely affect the investment by the people so it will definitely made some changes him Crypto field especially in Bitcoin it will be reduces to a very low value when without any investment our transaction been happened so I think it will be more difficult for Bitcoin when something will be happen.

I do not know how the price of Bitcoin will change in the future, in the event of economic crises or disasters, but you can already watch how the price of Bitcoin falls in case of a fall in stock market indices on stock exchanges. When the stock prices of large companies fall a bit, you can see how the price of Bitcoin also drops a little. As a result, for example, of the global financial crisis, company stock prices will fall to their lows and it is likely that the price of Bitcoin will also collapse. But I believe that the opposite effect may occur, as a result of the collapse of the securities market, investors will begin to transfer their capital to Bitcoin and then its price will soar to the skies and save many people from the financial crisis.

Well solar flare could wipe every system world wide, this leaves only very large government and military infra structure.   I dont think BTC likes this

On the flipside, BTC goes with rapid velocity in the monetary base.   So more of the same is best for BTC.   Big war and great disaster as setup is deflationary roughly, war does not produce more business except in paths that destroy other parts of the economy pretty much true for both the enemy, winner and loser of the war.   All would suffer redirection of resources to serve the ultimate deflation which is destruction.   I dont think war helps BTC, only the argument might be it disrupts a terrible government but that possibility is light at the end of a ten year tunnel

Have you looked at the world economic record during the first and second world war? at war or during disasters the economy of most countries are thrown into a state of comatose, people are only after what to eat to surve, but if you restructure your question and ask what will happen after global disaster i shall tell it will be quite a different thing.

In any case, i don't see any positive effect from global disasters. And depending on the severity of the calamity, we may even be cut from digital use entirely. People would have other things in mind when that time comes, mainly for survival. Who would take the time to check on their assets when your roof is caving down.

logically, indeed, with widespread disasters, especially in countries where the number of bitcoiners is large enough, it will reduce the value of bitcoin, because they will sell their assets to survive

in my opinion when there is a war and a big disaster the value of bitcoin will tend to go down. because in difficult conditions like that we will be more likely to sell bitcoin for fiat money. or maybe the internet network is broken so we can't access bitcoin. but hopefully that never happened. so let us keep the earth root always comfortable and safe.

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

the price is actually not too influential, because bitcoin is not tied to agencies or government. so whatever happens to the global economy, it will not affect bitcoin. it's just that the effect is on the person himself, investors will decline because they will certainly attract it when the economic situation is in a difficult situation.

If it will like a real global disaster it will pump the bitcoin. When it will be obvious that the old system doesn't work anymore, cryptos will be a good alternative.

These days, with our dependency on electricity and the weapons at the disposal of the big belligerents who'd probably be involved in the next world war, I don't think you can really separate war from a disaster that would cripple not only the internet but electrical grids all over the world.  So I think if a global disaster happened that took the form of world war III, bitcoin would be screwed.  If nuclear weapons are ever used again, that EMP that you didn't want introduced into this discussion would most likely happen. 

Even if the grid was hacked and the electric system was knocked out, bitcoin would be essentially useless in the parts of the world that were affected.  At the very least the price would crash if a large fraction of traders couldn't trade anymore.

On the other hand, take a look at what's happening in Venezuela, which really is in crisis.  They're not using crypto on a massive scale.  From what I've seen from reports, citizens are using US dollars as currency.  So I bet that if a huge crisis were to hit a country like the United States, Americans would probably resort to using some other foreign currency that still has value.  As long as a currency is backed by a government, it still has worth.  It doesn't even matter which government it is as long as that gov't is stable and honors its debts.

Actually there is no direct connection between natural disasters and the bitcoin market, because what affects the market directly is that news about crypto has an effect on the user's psyche, but if the disaster occurs in a place that has a large number of crpto users, it might affect the market indirectly

I don't think it would have any effect on Bitcoin price. If a disaster would happen and it was as big as you think it was, then the world would be on famine and nobody would even think about investing in Bitcoin aside from Rich people. People would think about how to buy food for their families and not about crypto anymore.

yes it affects directly to bitcoin especially in terms where you need to convert bitcoin for the need to attend like buying goods, products or services for the said disaster. THere is no good things that happen in disaster that is why it is not being called as disaster for nothing.