Would a world war affect the price of Crypto?

player514

legendary

Activity: 1414

Merit: 1039

Quote from: MrWatsonn on April 14, 2018, 07:45:28 AM

Would a world war affect the price of Crypto and what are your thoughts on this?

Personally I think it could hike the price right up for certain coins but that's just my opinon

World Wars in the past have definitely influenced economy a lot because there needs to be a lot of production of all kinds of different items. I'm afraid, however, if we were to go into a 3rd World War, we all know what would happen. The arsenals of the largest countries (USA, Russia, etc.) are enough to essentially wipe out the human race. There would be all kinds of consequences after. If people are to survive, then there would definitely be a downturn of economy after the war. However, during the actual time of the war, production would be high and economies would be doing well. Because of this, I'm almost positive that Bitcoin and cryptos would be in the green.

stripewhite

newbie

Activity: 50

Merit: 0

Depends on the Warcoin ICO. Could be moon.

lzby2000

full member

Activity: 379

Merit: 100

This will definitely affect the price of bitcoin. If the real world war destroys the Internet, bitcoin will not exist, and it will disappear forever. But this possibility is not at all. There should be no large-scale war in the world. There are some local wars. But small wars should not affect the price of bitcoin.

aoihs00

sr. member

Activity: 700

Merit: 300

Quote from: MrWatsonn on April 14, 2018, 07:45:28 AM

Would a world war affect the price of Crypto and what are your thoughts on this?

Personally I think it could hike the price right up for certain coins but that's just my opinon

I think during the world the prices will crash badly for the bitcoin and other crypto currencies as well. The reason is simple, during the war priorities for the needs changes quickly. If its world war then I am sure the first thing that will go down would be the internet . Everyone knows that without internet you can not run the miners neither the blockchain nor the core of it. So everything will crash there and off course people know very well that during the war every other financial institute will close down. The life would be more important and all the things needed for living will become priority. So money will be transferred to the fiat immediately after the declaration and thus everything will become zero.

Dudeperfect

hero member

Activity: 1190

Merit: 534

Yes, since world war is something that affects every individual living in a country where the consequences of war take place. However, it is difficult to predict anything about such situation because it might have extremely positive or negative perception towards Crypto in such scenario. There will be the people who will trust crypto to hold their funds/wealth to avoid any damage due to war. On the other hand, there will be the people who will act according to the government instructions and as we all know that government will never support decentralization.

supine

full member

Activity: 1036

Merit: 109

Quote from: MrWatsonn on April 14, 2018, 07:45:28 AM

Would a world war affect the price of Crypto and what are your thoughts on this?

Personally I think it could hike the price right up for certain coins but that's just my opinon

It will surely affect it, because economy also affects crypto market demand. So, if there's a war in a certain country, it's economy will surely crash and thus investors from that country will most likely withdraw all their investments.

pankowri

member

Activity: 728

Merit: 63

$CYBERCASH METAVERSE

We live as a polite nation in the world.The conflict between us can never be successful.We already saw the result on 1st and 2nd world war.We don't want to see its repetence.World economy is related world war and crypto is related with world economy.So hamper of world economy can damage crypto market. Because it will effect negatively on peoples life style,business and every sector in life.

Dutchyyy

legendary

Activity: 1197

Merit: 1001

Quote from: MrWatsonn on April 14, 2018, 07:45:28 AM

Would a world war affect the price of Crypto and what are your thoughts on this?

Personally I think it could hike the price right up for certain coins but that's just my opinon

WW will end crypto and almost all. To have a working coins, you need to have an internet. Infrastructures like internet are one of the first targets over a global war.

If there is some local, but bigger war, like extended Syrian conflict, the prices will goes up.

warrior333

sr. member

Activity: 406

Merit: 253

Times when States fought each other and destroyed their cities have passed. No one wants victims and destruction. Even if the world war between the big States takes place, it will take place on the territory of third countries. For example, because it is now happening in Syria. Did this war have a strong impact on the price of bitcoin?

Janation

hero member

Activity: 1722

Merit: 528

Quote from: Phantomberry on April 14, 2018, 08:33:01 AM

I don't know could be the end of crypto because internet will shutdown or could be great advantage of crypto imagine bitcoin will be demand because of all county will buy weapons through bitcoin.

If the internet will be shut down then I don't think that it will be possible to buy a weapon using Bitcoin though as other members say it will not be shut down. A world war will really affect the price of Digital Currencies but lets hope that it will not happen since the blood for peace is already blasted in the past. Lets just keep it there and end it there.

spngebob

sr. member

Activity: 770

Merit: 254

Quote from: MrWatsonn on April 14, 2018, 07:45:28 AM

Would a world war affect the price of Crypto and what are your thoughts on this?

Personally I think it could hike the price right up for certain coins but that's just my opinon

If that happens and I don't think it will, do you think any of us will have time to think about price?
We would probably carry guns and shooting at each other and bitcoin would be at last place to think about.

AmeSakibimasu

full member

Activity: 228

Merit: 101

Quote from: MrWatsonn on April 14, 2018, 07:45:28 AM

Would a world war affect the price of Crypto and what are your thoughts on this?

Personally I think it could hike the price right up for certain coins but that's just my opinon

Yes, of course it would, because obviously if there is going to have a world war then people will stop thinking about cryptocurrency, miners will stop minings, investors would stop investing because they value their lives more than cryptocurrency, I mean what are you going to do with your money if you are already dead, right?

Thanasis

hero member

Activity: 1820

Merit: 515

★777Coin.com★ Fun BTC Casino

Quote from: MrWatsonn on April 14, 2018, 07:45:28 AM

Would a world war affect the price of Crypto and what are your thoughts on this?

Personally I think it could hike the price right up for certain coins but that's just my opinon

I think it will greatly affect the world economy so crypto fields as well get affected the prices may fall too low if the world world happens.Maybe in future the people uses only crypto as the money in the whole world then there may not be big effects on the prices.If world war happens in near future the crypto will face huge fall.

mrtryonebiggums

full member

Activity: 322

Merit: 111

Revolutionized Rotating Savings & Borrowings

In general I think world wide turmoil could cause the price of cryptos to go up. But I don't want cryptos to go up because of that reason, that is asking for the wrong thing. I also think whatever currency funds the war stands to gain the most, and I don't think Bitcoin would be the currency of choice. Instead I believe the USD would stand to gain the most at this point in time, but again I don't want any war anymore, it is futile.

Hovhannes

member

Activity: 420

Merit: 14

MMOCoin-For-Gamers-&-Traders

I think that the world war will not affect the price in a good way. World War brings only sadness, misfortune, poverty and takes away the lives of millions of people. But it may happen that people will begin to invest their savings in the cryptocurrency.

BillCoin

sr. member

Activity: 476

Merit: 259

Quote from: Hopeful2017 on April 14, 2018, 07:54:29 AM

Quote from: MrWatsonn on April 14, 2018, 07:45:28 AM

Would a world war affect the price of Crypto and what are your thoughts on this?

Personally I think it could hike the price right up for certain coins but that's just my opinon

It will certainly affect the price. Imagine if there is a world war goin on, do you think people will still be infront of their computer and make crypto trading? If world war will be going on, crypto prices will become zero because probably, countries will shut down their internets.

This is not the reason that is going to affect bitcoin's price.
Even if we are talking here about global world war, about 98% of the places on earth won't be considered as "dangerous zone" and people will still be able to do the things that they used to do on a daily basis.
The main thing that may affect the price is that countries may use a lot of money and will enter a huge debt, a thing that is going to decrease the support in fiat currencies, and may make people to move to alternative currencies in order to keep value.

Hemady17

member

Activity: 505

Merit: 35

Quote from: MrWatsonn on April 14, 2018, 07:45:28 AM

Would a world war affect the price of Crypto and what are your thoughts on this?

Personally I think it could hike the price right up for certain coins but that's just my opinon

There are lot of casualties can make by world war. Expect that the world economy also will suffer from a downturn if there is a war. Cryptocurrency price may affect much because of war. The tendency of the market to fall will occur after war destructed every companies that made using blockchain technology.

malikusama

copper member

Activity: 1050

Merit: 294

Of course it will, till now the price of cryptos determine in USD and other fiat currencies because still there is rare use of cryptos directly in the market.
World war will effect the economies across the world and thus it will also effect the currencies whether they are centralized or decentralized.

Quote from: MrWatsonn on April 14, 2018, 07:45:28 AM

Personally I think it could hike the price right up for certain coins but that's just my opinon

How could you say that? could you elaborate your opinion with reasoning so we can understand your point of view?

kryptqnick

legendary

Activity: 3248

Merit: 1402

Join the world-leading crypto sportsbook NOW!

Quote from: Hopeful2017 on April 14, 2018, 07:54:29 AM

Quote from: MrWatsonn on April 14, 2018, 07:45:28 AM

Would a world war affect the price of Crypto and what are your thoughts on this?

Personally I think it could hike the price right up for certain coins but that's just my opinon

It will certainly affect the price. Imagine if there is a world war goin on, do you think people will still be infront of their computer and make crypto trading? If world war will be going on, crypto prices will become zero because probably, countries will shut down their internets.

That's probably what will happen. Technically, in this case cryptocurrencies might even stop existing! If there's some global hunger and lots of deaths then people care about surviving, not being successful. They will fight for bread and water, forgetting about cryptos and even fiat.
Unless of course the war goes very rational and relatively calm, with robots deciding the new territory divisions. In this case blockchain might be used for war purposes. For example, blockchain could be used to buy weapon, cryptography in general will be useful for communication and some new use cases could also appear on demand.

jaysabi

legendary

Activity: 2044

Merit: 1115

★777Coin.com★ Fun BTC Casino!

Quote from: MrWatsonn on April 14, 2018, 07:45:28 AM

Would a world war affect the price of Crypto and what are your thoughts on this?

Personally I think it could hike the price right up for certain coins but that's just my opinon

Any very serious worldwide instability will crash crypto prices to zero or near zero. This goes for a geopolitical crisis like a large scale war or an economic crisis like a severe global depression. Crypto is valuable right now because there is global stability and people have the confidence to speculate on crypto in an effort to try and increase their wealth. This is only possible because of economic confidence. In both the conditions I listed above, economic confidence disappears and people flee risky assets for safer ones. Crypto is among the most risky assets, and it will crash with severe economic uncertainty because it's useless in times of crisis.

Topic: Would a world war affect the price of Crypto? (Read 334 times)