Wars and conflicts doesn't give you the time to plan. It happens fast and it happens suddenly. It comes with a huge economic cost. And for us in the cryptocurrency, we are not exempted too. If you are a miner, your mining operation is affected because if you are caught up in the conflict, you have to abandon it and flee so that you do not get killed.
I am deeply saddened by these wars. I am not taking sides because there are human causalities in both sides.
- do you have any survival tips during war period?
- are there any business that I can do during a period of war so as to sustain my family? Can I still budget, save and earn in Bitcoin?
- What is the economic impacts on individuals with families and how do I sustain them during war period.
If you look at this problem on a global scale, then yes, the current wars have not yet had a significant impact on the cryptocurrency market. Your opinion as a person living in a country that is not affected by war is understandable. But imagine that your country is attacked by the army of a neighboring country. The front is approaching, and the enemy’s artillery is gradually destroying, almost to the ground, populated areas located on the path of the invaders. If you decide to flee so as not to come under fire, maybe you have time to take the most valuable things with you, but sometimes you don’t have time. In this turmoil, you can forget about taking with you the secret keys to your cryptocurrency wallets on any media or losing them later during evacuation. And without them, all your years of work to accumulate cryptocurrency mean absolutely nothing. After some time, you return to your previous place of residence, and instead of your home there are a bunch of ruins and construction debris. This suggests that wars greatly affect cryptocurrency from an individual's perspective. Yes, during this time the cryptocurrency market has remained virtually unchanged. But at the same time, you lost your cryptocurrency.