We hear in the news that many people in countries that have currency issues are starting to trade in BTC - for example, Venezula.
My friend asked me what about in regions where they lose electricity, how would they trade with BTC?
For example Puerto Rico is right now devastated by the hurricane, and many parts of its region don't have electricity. A lot of people need to buy food and even fresh water.
Is there a way to still trade with BTC in such situations?
Can P2P trade still occur despite having any connection to the greater block-chain network? Keep in mind that it's easy to charge mobile phone so they have access to wallet apps, but probably not the Internet.
I don't know too much about mobile data networks, but I doubt one's 4G/LTE data plan would work in such situations. I assume that data would have to be relayed to a tower/dish before it's sent to satellites. Am I correct?
In this kind of situation, wherein we don't have control over the nature, what important is the lives of the people and forget for a while about trading and investing. For sure having no electricity is not for a lifetime. Then, trade again if it is already fixed.
If the market is in a critical moment, forgetting to trade will not bring us a good result, so we should look for some measures to solve the problem when we fall into this situation, nothing is impossible to solve as long as we try and think. Although no electricity and telephone can not connect to the internet but we can still call some of our close friends or relatives in other areas, they will help us, maybe this will be quite troublesome but it's still better than waiting, even if this is not possible, we can go to some places with internet connection in the area, these are places for emergencies and needs