Would a world war affect the price of Crypto? - page 2.

aso118

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Quote from: Martinkuhn on April 14, 2018, 08:35:57 AM

A world war? In this day and age, we have made many economies and states mutually dependent on each other and all-out world wars like WW 1 and 2 is unlikely to happen.

You still have madcaps like Trump and Kim Jung with nukes in their arsenal, anything is possible. You cannot expect everybody to act in a rational way. When we do have WWW-III on the cards, people should be stockpiling sacks of grains and food, not trying to protect their wealth. It is during times of distress that we realize the importance of basic needs.

Martinkuhn

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A world war? In this day and age, we have made many economies and states mutually dependent on each other and all-out world wars like WW 1 and 2 is unlikely to happen.

What we are likely to see are small-scale insurgencies but of course if NK go ballistic, maybe we will see a large scale war.. but even in that scenario, a WW is unlikely.

anyway.. in a war, cryptos are likely to increase in price as state-backed currencies will become unstable. Cryptos can easily allow anyone to bring their wealth with them and will be bought by many who feel that their security is threatened...

Sidiq SP

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I think the world war does affect the price of bitcoin, but it does not rise but I think it will be down, because in my opinion, in the event of a world war the economic situation will be paralyzed, every belligerent power state will also focus on maintaining the security stability of the country, and of the economy will surely be neglected and not a top priority, then I can assume that the economy will certainly go down as well as the world of cryptocurrency,

Phantomberry

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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.

MrWatsonn

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Quote from: jakagintiri on April 14, 2018, 08:25:55 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

The more weird the threads they make I do not think it's wrong, but it comes more to make the thread more realistic in the fact that now it does not make a thread that for me it's too bad to read it is not ethical, very sensitive when hearing the world war ya surely will affect everything in the world there will be no use of all the facilities that exist because everyone is busy defending themselves and all will be destroyed, without making a thread as well you will already know more clearer answers, maybe just want to increase your activity but everyone free to express his opinion.

It is a genuine question, I was thinking about this in bed last night. The question was not so much what would happen to the price while the war is happening but in fact after.

I'm not fussed about activity or status on a website, I'm here to learn and share thoughts!

jakagintiri

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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

The more weird the threads they make I do not think it's wrong, but it comes more to make the thread more realistic in the fact that now it does not make a thread that for me it's too bad to read it is not ethical, very sensitive when hearing the world war ya surely will affect everything in the world there will be no use of all the facilities that exist because everyone is busy defending themselves and all will be destroyed, without making a thread as well you will already know more clearer answers, maybe just want to increase your activity but everyone free to express his opinion.

HabBear

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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?

Sure!

Country and geopolitical risk always plays a role in the investment markets. And the use of Bitcoin for real currency could be positively impacted if global financial systems breakdown or become unreliable during the war time. During war times the investment markets usually crash, which causes a race for the safety of commodities. Bitcoin and other stable crytpo currencies are really considered commodities.

The only development that would negatively impact Bitcoin is if power distributions occurred as a result of the attacks. Bitcoin operates on the internet, therefore without electricity the Bitcoin market drives to a halt\.

CuteBaby123

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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 war will greatly affect all exonomies, currencies and the total well-being of every country. Cryptocurrency has a great chance to be the last and best options of people in putting their assets and investments. It may be greatly affected also in terms of price because people would focus on how to survive rather than on how to gain profit.

bill gator

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Cryptocurrency has a higher possibility of surviving a world war than any other currency I can think of. Obviously commodities will maintain their value, but in relation to what will certain fall into question. As investors lose faith in the currency or cannot support the actions of a country then that currency is going to take a hit. If too many significant hits take place, then there will be mass economic panic driving the prices of gold and Bitcoin through the roof. Especially considering as those investors leave the value of the currency will fall, while the the price of the cryptocurrency increases at a rate unlike any we've seen in the past.

I think a world war might actually enable cryptocurrency to show itself for how useful it truly is, unattached from the politics of any particular country or economy.

hatshepsut93

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In our age world war would mean an exchange of nuclear strikes, and I think it would be really bad for crypto - if it would damage electricity/Internet infrastructure, then Bitcoin will become a very risky asset, because it might just become unusable, unlike gold, unless there will be some technology that will allow it to work regardless of local infrastructure, like for example satellites. Bitcoin might be a great hedge against smaller disasters like localized wars and it's a good hedge against economic downfalls.

buwaytress

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Assuming this world war would be on a scale larger than the previous, all economies would be affected, including cryptocurrency. It wouldn't suffer as much as fiat though. I think immediate impacts would be some fiat immediately devalued as opposing factions stop recognizing each other's national currencies. Others would be vulnerable to hyperinflation.

I imagine Bitcoin itself will soar in value, but there will probably be wild variations across exchanges, with many possibly choosing to abstain from trading with fiat. If anything, we might see an uptake in crypto adoption as governments rush to hedge and protect their assets.

Mining rigs might also be military targets. Can easily see this happening. Power rationing would mean shutting down all non-essential use of electricity, so industrial miners can say bye-bye, probably even have their hardware conscripted for technological warfare.

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

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.

Nodes will find a way around that. Blockstream's satellite network comes to mind.

Hopeful2017

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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.

MrWatsonn

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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

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