The global situation of the world is currently heating up both economically and militarily. Some regional struggles have been made as in the Ukrainian state by Russia. It is not impossible that it will spur regional and global war if continuing. Let's be a little wondering about the conditions of the various world situations in the event of World War III (hopefully not - Stop Make War!)
Ensure that in the event of World War III all currencies around the world will experience inflation very high and even some countries will be acquired by other countries that may cause the country's currency to become invalid. See how in our history each time the occupation invaders always introduce their new currency.
Or how does history record Germany lose in World War I and cause hyper-inflation that causes the country to print its money continuously until inflation sweeps across the country and the German currency becomes unbearable
(photo: Germans use their banknotes for wallpaper because there is no value 1921-1923)
Gold will certainly have a higher value because many people are trying to save their wealth by converting it into gold. As during World War II earlier in the era of upheaval of 1930-1950 the price of gold jumped from $ 20 per ounce to $ 40 (in 2013 this 1 ounce gold is $ 1290). But unfortunately gold has few constraints as a wealth savior that is "heavy" and "easy to be robbed".
Imagine if you have 10kg of gold and you have to flee from one place to another. I do not think how long you will lose all the gold you have because "bother" and "looted". See how the history of World War II many rich people in various parts of the world are forced to flee to leave the gold bars that are owned because they are unable to take it and more concerned with their lives than the hard-to-carry possessions.
Bitcoin is undeniably the only valuable commodity worth gold that is easy to carry anywhere. You can even move your entire treasure into Bitcoin paper wallet. You can bring money 10 billion rupiah with only 1 sheet of paper alone without anyone else know. Much easier to carry and keep paper-plastic-anti-water 1 sheet than 10kg gold.
The world crisis that makes the paper currency inflation tends to cause bitcoin prices to rise due to inflation / hyper inflation (decline in the value of local currency). Not to mention the trend of people scrambling to buy bitcoin as it did in Cyprus in early 2013 (the Cyprus Banking crisis) that kept Bitcoin prices up from $ 40 to $ 220 in just a few days.
Because of the limited number of bitcoins will cause the demand far greater than the amount of goods on the market. Bitcoin prices will certainly experience a sharp spike. Maybe it will be true that Bitcoin prices will rise substantially in the end at 400 million per bitcoin as investors forecast in the US?
Undeniably Bitcoin as the currency is very dependent on the internet / mobile network. During internet down in one country will cause bitcoin just as a carrier / transfer of wealth but can not be liquefied unless the person is out of the country or the country has its internet back. But one thing is for sure, after the crisis ends in a certain country the internet will run normally again. And I think it would be better if we still have our wealth as before by selling bitcoin to the local currency again.
Bitcoin as an electric currency needs to have a decentralized network that supports its operations. The death of the entire earth's internet for some time may cause the bitcoin network to be fatally disturbed in the present. But this obstacle will also be resolved soon. Jeff Garzik in the near future will launch the Bitcoin Satellite which is expected to cost US $ 2million. Bitcoin satellites are a system in which it backs up all bitcoin networks in outer space to make sure the Bitcoin system always runs smoothly regardless of the conditions on earth.
From the above opinion and our historical record that is why I am very sure of a problem / problem in a country will make Bitcoin as the most ideal means of storing wealth today compared to other commodities. If you are more comfortable with paper - you have Bitcoin paper wallet. If you are more comfortable with electric - you have Bitcoin wallet Digital.
Well, once again the opinion above only made the author in his spare time this weekend, may the world always be peaceful but still there is no harm we use and welcome a new technology. Decentralized Digital Currency.
So will you take part in this bitcoin revolution?
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