Topic: Would a global disaster increase or decrease the Bitcoin value ? - page 7. (Read 8224 times)
February 14, 2019, 09:21:13 PM
no, it will not reduce the value of bitcoin because bicoin is not centered on government or state. bitcoin is digital money in an online wallet. so as long as the volume of the bitcoin market does not decrease, then the value of bitcoin will not decrease or increase during a disaster.
January 26, 2019, 11:40:33 AM
Well if we talk about a massive natural disaster i think that the people will focus on surviving not on BTC but if we talk about wars, i don't know because then all the facilities like the electricity will be affected and as a consequence the crypto world would stop but this will happen only if it'll be a disastrous global war in which will be involved and that's probably not gonna happen.
January 26, 2019, 11:26:51 AM
Usually natural disasters do not affect the cryptocurrency market, and this is not a disaster. If the Earth really suffers from the catastrophe, all the coins will depreciate significantly. Ordinary earthquakes and disasters do not affect the cryptocurrency market.
earthquakes, will damage the internet network, so that more or less will affect the activities of bitcoin transactions, especially for countries that have a lot of bitcoinersI have heard that there is a direct satellite system, so even if internet is stopped for whole world, bitcoin transactions will keep on running through satellite link.
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 ?
I think, if the world would be put to a global disaster the only thing that could happen or the most likely to happen is that everythig would be affected negatively, if we are talking about bitcoin and the whole crypto system then I think the value of cryptocurrencies would definitely go down, and I think its not only the cryptocurrency but our current currencies would fall as well.
If you think of global disaster as a economy disaster, then of course bitcoin value will increase as everyone will switch to bitcoins as the fiat all over the world will be in immense pressure.
January 26, 2019, 11:26:45 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 ?
This is a good question. I believe the answer is linked to the price of energy so probably the price would go down. Usual in natural disasters or war there are problems with the infrastructure, resources and on top comes the limitation from the government (limitation of consumption etc.) 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 ?
January 25, 2019, 09:47:04 PM
Usually natural disasters do not affect the cryptocurrency market, and this is not a disaster. If the Earth really suffers from the catastrophe, all the coins will depreciate significantly. Ordinary earthquakes and disasters do not affect the cryptocurrency market.
earthquakes, will damage the internet network, so that more or less will affect the activities of bitcoin transactions, especially for countries that have a lot of bitcoinersThis year my country has experienced volcanic eruptions, tsunami, landslides and floods. is the price of bitcoin having an impact because of that?
January 25, 2019, 08:12:35 PM
Usually natural disasters do not affect the cryptocurrency market, and this is not a disaster. If the Earth really suffers from the catastrophe, all the coins will depreciate significantly. Ordinary earthquakes and disasters do not affect the cryptocurrency market.
earthquakes, will damage the internet network, so that more or less will affect the activities of bitcoin transactions, especially for countries that have a lot of bitcoinersThis year my country has experienced volcanic eruptions, tsunami, landslides and floods. is the price of bitcoin having an impact because of that?
January 25, 2019, 07:02:07 PM
Cryptocurrency is business, therefore there will be an effect on bitcoin values. Certainly almost all things in a war become useless. Whoelse would want to value things over life? Even gold can be of no value better than food in times of war. We don't eat gold we eat food so that similarly a demand for bitcoin could be lesser in volume and the affected areas will have no demand for it. People will care more for survival and in a state of emergency, money don't apply as much. You do consider basic needs over other needs. You don't want to be trading bitcoins while you are in a crossfire, aren't you? Or you may not be trading when you are in a flood, earthquake or any calamities? Money is indespensable but on occasions like these, people as I have said careless about any system. Money and everything except food will of lesser interest at all. I don't want these things as well because I would always love to trade bitcoins and live in our system as peacefully and normally as possible.
I think some of the things that will definitely affect the development and the current situation of anything it will be cryptocurrency are some other things so some disaster will also be the reason for value fall of cryptocurrency to be reduced interviews so I definitely trust this.
January 25, 2019, 06:47:09 PM
Cryptocurrency is business, therefore there will be an effect on bitcoin values. Certainly almost all things in a war become useless. Whoelse would want to value things over life? Even gold can be of no value better than food in times of war. We don't eat gold we eat food so that similarly a demand for bitcoin could be lesser in volume and the affected areas will have no demand for it. People will care more for survival and in a state of emergency, money don't apply as much. You do consider basic needs over other needs. You don't want to be trading bitcoins while you are in a crossfire, aren't you? Or you may not be trading when you are in a flood, earthquake or any calamities? Money is indespensable but on occasions like these, people as I have said careless about any system. Money and everything except food will of lesser interest at all. I don't want these things as well because I would always love to trade bitcoins and live in our system as peacefully and normally as possible.
January 25, 2019, 12:10:50 PM
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.
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.
December 24, 2018, 01:40:34 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 ?
A global disaster does not affect the price of Bitcoin because it is independent on its own (not relying on anything at all). The price of Bitcoin is based the rate of the demand and supply. When the demand is getting bigger the price will also be getting bigger and when the supply is bigger than the demand (which demands has fallen) the price will start to fall. So global disaster has nothing on Bitcoin or nay cryptocurrency. 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 ?
December 23, 2018, 11:12:33 AM
Obviously problematic with cryptocurrency or Bitcoin, if a global disaster is experienced by one country, because everyone is thinking about rice and their families are affected by disaster, this is very influential especially the economy, the problem of crypto up / down is also duea lot of people want to sell for their needs if they suffer from a global disaster.
December 23, 2018, 10:53:57 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 ?
There is no 100% assurance that a devastating event will result to a positive or negative scenario but maybe it can somehow affect us negatively. Its price can possibly drop if it affects the inventors of bitoon. They might be more busy on fixing and recovering their home than trading and investing in Bitoon. Also, we are familiar with mining facilities in the globe, if they will also be affected them it will considered again as problem.
December 23, 2018, 04:06:48 AM
If that global disaster affected mostly people that uses bitcoin and other cryptocurrencies, its price might to go down instead of going up. But if bitcoin supply become scarce due to lack of available internet or power that runs the internet and coupled with high demands, its price will surelygo up. One of the most affected during a major disaster is the economy and infrastructure of a nation, available money become scarce and technology is mostly destroyed.
December 17, 2018, 11:31:38 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 ?
I think, if the world would be put to a global disaster the only thing that could happen or the most likely to happen is that everythig would be affected negatively, if we are talking about bitcoin and the whole crypto system then I think the value of cryptocurrencies would definitely go down, and I think its not only the cryptocurrency but our current currencies would fall as well.
December 17, 2018, 11:00:01 PM
Usually natural disasters do not affect the cryptocurrency market, and this is not a disaster. If the Earth really suffers from the catastrophe, all the coins will depreciate significantly. Ordinary earthquakes and disasters do not affect the cryptocurrency market.
earthquakes, will damage the internet network, so that more or less will affect the activities of bitcoin transactions, especially for countries that have a lot of bitcoiners December 17, 2018, 09:33:40 PM
global disasters will provide a decrease in crypto and bitcoin values because many people will try to meet their basic needs of eating, drinking and treatment rather than having to think about investment and others, with a decrease in trading volume due to this global disaster the market will experience a decline in purchasing power which ultimately causing crypto prices to also decline
Will reduce the value of bitcoin, because people's purchasing power also goes down. Basic needs will be a priority compared to investment or trading in bitcoin. Usually global disasters will be accompanied by high inflation because state finances are also sucked in to cope with the disasters that occur. December 02, 2018, 03:20:50 AM
I think that a global disaster will bring decrease in the price of crypto because of following reasons:
1) In case of a global disaster we might see businesses and jobs being affected indirectly. At such, spending capacity of the people will reduce as well.
2) Another reason may be that people will get busy securing their basic needs and will thus avoid investing in things like crypto.
1) In case of a global disaster we might see businesses and jobs being affected indirectly. At such, spending capacity of the people will reduce as well.
2) Another reason may be that people will get busy securing their basic needs and will thus avoid investing in things like crypto.
December 02, 2018, 02:51:14 AM
Usually natural disasters do not affect the cryptocurrency market, and this is not a disaster. If the Earth really suffers from the catastrophe, all the coins will depreciate significantly. Ordinary earthquakes and disasters do not affect the cryptocurrency market.
November 29, 2018, 08:16:19 AM
A global disaster will not directly affect the bitcoin value. However, it will still affect bitcoin and cryptocurrencies in general. Here's why: First, it is because a global natural disaster, if its massive enough, will affect the telecommunications sector of the world. Thus, making the internet, not functional. Second, if its effect would cover the agriculture and the industrial sectors, certainly, people will prioritize their need to eat food and their other physiological needs that they must meet. Lastly, a natural disaster has an effect on the economy, hence, can also affect the bitcoin system. It is just a simple cause-and-effect matter of concern. Everything in this world are mutually-independent with each other, therefore, bitcoin is no exemption.
November 29, 2018, 07:52:43 AM
It all depends on who's affected and what the extent of the damage would be to said countries.
A big war right now would throw a large portion of the world into shambles for a while, and the longer it goes on the significantly more damaging it will be. As long as the internet is operating, Bitcoin will be able to proliferate, but there are so many individual variables that can affect whether or not Bitcoin would be good that it's next to impossible to determine either way.
A big war right now would throw a large portion of the world into shambles for a while, and the longer it goes on the significantly more damaging it will be. As long as the internet is operating, Bitcoin will be able to proliferate, but there are so many individual variables that can affect whether or not Bitcoin would be good that it's next to impossible to determine either way.
A natural calamity or a disaster is one of an example that can decrease the Bitcoin's value. Depends on how many countries affected and where the disaster happens.
It could be a great loss towards people who will suffer on that time. There will be an absence of things needed in order to communicate with each other through social medias. But I know that people will find ways. We innovative anyways.
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