Post
Topic
Board Economics
Re: What if? Just asking opinion
by
icecube45
on 22/02/2017, 15:05:30 UTC
What if World War 3 breakout ?

Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?

Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens  
The third world war? If the outbreak really, I think this time you should not be worried about bitcoin prices down, you should worry about their own lives. When people began to consider the life safety, bitcoin will probably not worth a hair.
Yes, in the world war III I think crypto will not be affected overall so that the price down drastically because the crypto price is not affected by situation or politics in a country. But World War III will have an impact on a country's economy becomes worse because losses resulting from the war, and internet access will be impaired. Maybe the economic crisis will happen again, so we had to worry about our lives.
How do you believe that entire human race will not get affected from nuclear weapons. I'm not seeing any possibility for that. I'm sure another world of our will be the end of human in planet Earth. So there will be no human, no country, no economy and hence no bitcoins.

A world war without nuclear weapons will give different scenario like economic crisis may boost bitcoin value appreciations.
Sorry but I never said that all humans will never be affected from World War III, it was certainly influences like hunger, loss, damage, etc. But effects of World War III will not make bitcoin prices fall. If happen World War III all currencies around the world will experience very high inflation and even some countries will be acquired by other countries that maybe causing the country's currency becomes invalid. The world crisis which makes paper currency inflation tends to cause bitcoin prices to rise because inflation/hyperinflation. Not to mention the trend of people are scrambling to buy bitcoin to avoid inflation. Because a limited number of bitcoin will cause demand is much greater than the amount of goods on the market. Bitcoin prices will definitely experience a sharp spikes, so will not be affected overall which makes prices fall.