Topic: If cryptocurrencies disappear - how will your life change ? (Read 1718 times)

There is going to be a high number of people that will be going to trenches and not just that, any segments of tech that has had collaboration with cryptocurrency will have their fence wall collapse. Just imagine what is going to happen to Blackrock and Microstrategy shares if Cryptocurrency eventually cease to exist, it's going to be havoc and catastrophic to even the stock market because crypto has dip into many things, even the banks that lowkey invest into Bitcoin.

Some capital ventures that has half of their portfolio in crypto will file for bankruptcy. I can't imagine how the world will be if crypto disappeared. If Satoshi is indeed alive, that guy will crock out from his where about and do something, the world wouldn't be palatable without crypto, nothing will ever be meaningful again as I don't know what to use it for again.

Of course this will be very disappointing for those who have a source of income from crypto but I think nothing will last forever so we have to be able to accept this but we will be able to overcome it if we can do things like you said to be able to run both things at the same time so that when one day it really happens then we still have other sources of income that we can have to be able to meet the needs we need, because if we only rely on crypto as a source of income and it disappears, of course what we have collected is no longer useful, of course this requires us to start something from scratch again, of course this is very tiring and we have lost everything we have accumulated so far and can no longer be used.

That is the reason why Crypto should not be used as the main source of income or the only source of income in life because if the internet goes out it will have a significant impact on crypto, you cannot buy, sell, or exchange crypto without the internet. For people who have been in the crypto industry for a long time, it would be very disappointing if crypto disappeared, but if they are able to think logically, the feeling of disappointment will not affect their lives too much for a long time.

Yes, take advantage of this technology while there is still an opportunity and combine it with offline income sources to support a better economy. I am still involved in both because this is the best opportunity for me, but caution is also needed in crypto investment so as not to get caught in an unfavorable situation.

We will never know what may happen but for sure that the majority of those that trades in crypto and have done enough for their assets to bump up in value will be in total devastation.

We can hope for the best but we'll never how it is going to be for the most of it and that's why we have to expand ourselves as well and dive into other markets if the situation permits.

Those that are good in investing will only have to find some other areas where they'll invest their money for which the same thing in investing into crypto.

for crypto users, especially for people who have their main source of income there, then it will be really disappointing. After all, we have adapted to this technology and are immersed in it. there will definitely be feelings of disappointment and depression. I have often thought about this. that's why I always focus on building an offline business, even though I also focus on crypto at the same time

This is why we do have that something called "What ifs?" on which this is something that could be answered out on which making out some presumption on what would happen.
Its true that there would really be tons of people who might be ending up on having that kind of struggles or huge problem specially into those people who do make out huge capital or investment into this field or market.
We do know that when it comes into this situation then there would really be tons of people who do really have that kind of treatment on which making crypto as their main source o living
and this is why its undeniable that people would really be having that kind of approach and on the moment that it would be gone then it would really be something that puts them up on a tough situation.

We do know that this market could give out that big advantage or really that a life saving thing because if we do speak about dayjob pay rates then this is something that
we cant be able to rely upon on basing up on day to day living on which having that shit economical problems or issues. If ever crypto market would be gone then
tons of people would really be that mesed up their live but well there's nothing we can do but to move on.

These topics about what if crypto disappears are just topics to discuss with. We all know that it won't disappear just as easy as it seems.

There are a lot of thoughts that are playing into our minds that won't be happening just like this. Crypto is here to stay and so as Bitcoin as its main flag-bearer.

But if this happens for real, many of us would have been damaged a lot because the amount of money that we invested here heavily will surely be seen how impactful it is.

It'll be disastrous if such a thing were to happen because cryptocurrency have become part of our lives, I don't even like to imagine such a scenerio. Losing a valuable investment asset like Bitcoin where people can hodl for years and plan their retirement will be heartbreaking, many people will become hopeless and poor. Many people depends on cryptocurrency as their sources of income from miners to traders and the exchanges, the world wouldn't be the same without it.

I guess that anything that will disappear cryptocurrency will also affect most things that depends on the internet to work. Communication, banking system and the entire social media will also shut down. There'll be so much confusion and it'll be catastrophic, I hope that something like that never happens.

Exactly,  it's going to affect a lot of us financially and mentally. If cryptocurrency just disappears without prior notice, it's going to affect a lot of crypto traders and Bitcoin traders because a lot of us are holding our coins and we intend to trade it when we see potential in the market. So if there is a prior notice, it's going to affect us, but not as much as when you were not informed. Then you will be able to plan ahead, you will be able to trade and convert your money and get it in your bank accounts.

But if it just comes out of the blues, then it's going to shake the market, it's going to shake a lot of people, it's going to cause a lot of financial breakdown for some people. A lot of people are saving; they are holding for the long term; they see Bitcoin as a long-term investment. They have long-term investments with crypto money, so if crypto just disappears, it's going to cause a lot of issues, going to bring mental problems.

You know, some people put a lot of money into holding crypto, so if it just disappears, some people might even be pushed to depression. And some affected people will be disconnected from the world.

But I don't think crypto will just disappear. This is a long-term investment, an ecosystem that has been built over time; the ecosystem cannot just disappear. There are slim chances that crypto will just disappear just like that. So let's keep our fingers crossed and be positive that Bitcoin will not just disappear.

I see what you mean and I agree with what you say but what I'm talking about is the financial markets, I'm not comparing the value of fiat to inflation-proof assets like bitcoin. If you are looking for an asset that can protect the value of your money from being eroded over time, then choosing bitcoin is a much better solution than holding fiat.

But what I want to talk about is the brutality of the financial markets, where there will be winners and losers, and the losers usually outnumber the winners. If you want to take profit, how will you sell your bitcoins if no one wants to buy at a high price? You need liquidity and people who buy at high prices will likely lose money if they can't hold until the price goes higher and sell in panic. That's the nature of the financial markets, where people take money from each other and no one helps anyone. Just as we often hear stories about people making huge profits in the market, there are also stories about people losing money and even going bankrupt. Not everyone who invests in bitcoin makes a profit.

I wouldn't suggest to invest anyone's fund to invest maximum in crypto if they don't know what they're doing. It's okay to do what you know you are okay with but if someone only has his life savings and don't know how to grow that well, it's better to invest little by little to understand how it is going to be.

Not because someone invests on it and they've seen it from the others that they have put all that they have, that doesn't mean that it is their everything. It could be that they have a big portion on it based upon looking but that's not all that they have in terms of asset management and investing. Everyone who invests in market understands the risk and if crypto disappears, it's for sure that everyone's life will turned upside down and that's one of the biggest changes that everybody will have.

cases like this when it comes to any form of investment it is not everyone will make money from it, some people hear that from day one they have not made any money from investing or even trading bitcoin and it won't be because of the market but because of lack of understanding that they have, and that is why they will always advise you to make a proper inquiry about bitcoin before you start investing, not just jumping and people that are yet to start investing are better just as you said and those that are investing and they are not making money just because that lack qualities of things that they need to invest in bitcoin, the only effect that cryptocurrency disappearance will cause will be when they run away with peoples money than there will be an issue and that will like be from the exchanges. I know authorities won't take such matters seriously and am sure that nothing will ever happen to cryptocurrency it is not going anywhere since governments are already making it an alternative currency.

While you are right about the market part, currency part you might be wrong. Crypto, specially bitcoin was created so that we do not lose our money, the reason is that it's limited and decentralized. We are losing money at fiat because it's limitless, they can print however much they want and that causes your money to become less valuable and you get poorer because of that, bitcoin doesn't have that and you keep gaining value the more you hold it. That's just one part of it, it's also decentralized, meaning that nobody could really do anything about your money, if you have it in your wallet then you have it in your wallet and there is no returning back from that, whereas in fiat there could be a lot of things that can be done about it.

I personally suggest that crypto is something that is designed to make sure that we do not lose, maybe not win, but not lose at least and that is why I think it's much better than fiat, and that is why it's great idea to just buy and hold as long as possible.

Of course, no one here wants it to disappear or have anything serious happen to it, but life is always full of surprises that we never anticipate. Especially with a young and risky market like crypto, so don't put all your assets into them, don't put all your faith in them. Put your eggs in multiple baskets and only invest what you can afford to lose in a risky market like crypto.

You need to remember that no asset or market can bring high profits and safety at the same time, everything is proportional to each other, and high profits will come with high risks and vice versa.

Of course, in my opinion, cryptocurrency is another option as an investment vehicle and not a mandatory necessity. It will disappear if it is felt to be no longer useful, this usually occurs when the level of trust in cryptocurrency no one is buying it anymore fades, disappears by itself. So far, the enthusiasm is still quite strong. Yes. Most of those who are successful are those who consciously and patiently invest their funds to the maximum.

Well if we mean this like all the crypto will become worth zero then I think I will be very depressed. But I think there is going to be alot of people that are feeling like that.
And if there is no blockhain anymore, there is going to be alot of companies that cannot be successful. There is alot of money they did invest in the technology. We will survive but it will be sad for us.

I only got to know about cryptocurrency not too long ago I would honestly feel devastated if it disappears without a warning or something, their are many of us here that has over 30% and 50% of their money invested in cryptocurrency and I will really feel bad for them, but hey, crypto isn't going anywhere especially not now that I'm into it and have made plans on my investment strategies.

Will people recover their losses or will they lose more?

Any financial market is no different from a battlefield, if you want to win there is only one way, you have to fight and keep fighting, otherwise you will die. No financial market was created to help people escape poverty or help each other. They create a playing field for us so they can take our money and we will have to take each other's money, money will move from the weak hands to the strong hands. That is the immutable law of financial markets.

We will return to the way it was before everything was created and perhaps the effect will greatly affect the people who have been involved in it. The change is how someone will look for other sources of income to continue living, whether it is investing in other instruments or running a business. If it were me, I would try to find luck in the field of animal husbandry or agriculture because I like both and in the area where I live there are also good prospects.

Furthermore, the disappearance of cryptocurrencies will have an impact on those of us who are looking for money in this industry because maybe it is our habit. But for those whose finances have improved, they can switch to other investments that may also have good prospects, such as buying stocks and so on.

See, for those who are directly dependent on Bitcoin i.e. most of their lifestyle is related to Bitcoin, if Bitcoin suddenly disappears, it will definitely have a huge impact on their lifestyle. Since they have made their entire lifestyle dependent on Bitcoin, their lifestyle will be severely strained until they adopt an alternative system. Organizations that depend on Bitcoin will certainly insist on an alternative system in the event of Bitcoin's demise.