Re: Would a global disaster increase or decrease the Bitcoin value ?
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.