Topic: If cryptocurrencies disappear - how will your life change ? - page 5. (Read 1718 times)

I'll summarize the interim results. The most “expected” consequences were:

1. the majority of people will look for another method of ADDITIONAL earnings
2. Some people will lose their jobs directly or indirectly related to the cryptocurrency sector.
3. some people will lose a LARGE PART of their savings.

That would reallly suck. I think my entire money would go down the drain, if it happened suddenly. Also, I would not have any more reasons to be active in the cryptocurrency community, even though I have been active basically everyday since I became a coiner. Even long before.

Life would definitely become a bit sadder, knowing we are trapped with fiat. Again.

I would be broke again

Seriously, we can't underestimate the profound effect that cryptocurrency has had on so many people. People who otherwise had no business of having money (and I mean that figuratively), became wealthy. All because of HODLing. It has helped so many people buy stuff online, and it's helped them do P2P trades to get ahold of cash.

We hope crypto will still exist for a long time so we can get the benefit from crypto and change our life into better life. But if that is happen, I will use my money that I get from crypto to create a new business and trying to keep survive in this hard life. People will adapt to the current situation and they will search for the other opportunities because they want to still survive and keep trying with what they can. Before crypto disappear, people will sell all of their crypto to have money so they can continue their life with having the money. Many people who involve in crypto will affect but that doesn't mean we give up because many opportunities will be available especially for those who still want to continue their life and survive. The life will go on and everything will change and so do our life.

I don't think If cryptocurrency will cease to exist with imidiate effect, but if it does, well people will still move on. When there were no cryptocurrency people leave their normal life. The only people that will be affected much is those that has %90 of their assets or investment in bitcoin or any other currency.

Though I will equally will be affected too. But if human that is so precious to us can die and we still move on our lives them if bitcoin cease to exist we will equally move on and adopt the old banking system or adapt to online wallet transaction.

No one wants to lose money when investing, whether it is a small amount or a large amount because it is human nature to always want more and not want to lose even a little bit.
Let's say my total assets are $100k and I invest 30% of that in crypto, and if I lose that money, I will feel bad because to earn $30k, I will have to spend more time and effort. Losing $30k won't kill me but if I say, I don't feel sad or bad, I'm just lying to everyone and myself.

I want to ask you, how much money can you accept losing when it is money you have worked hard and saved little by little to get? “Only invest money you can afford to lose” is the most widely spread advice in the market but how many people actually do it? And how many people don't feel disappointed when they lose money?

There is a huge gap between saying and doing, and similarly, we easily give advice to others, but have we done it well?

It is not just you who feels that way , everyone has that thought and feeling because most of them expect it to change their life or even make them rich  . But after all , it's just our feelings and desires , we don't have enough data to confirm it .

If you're talking about its role and its impact on the global economy and you think it's important, that's not necessarily true. Global GDP is over 100 trillion dollars, of which cryptocurrencies are over 2 trillion and have a trading volume of over 50 billion per day . I didn't even think it would make a significant impact , let alone play a major role in the economy .

In my opinion ,  it is still too early to declare it will last long or will not suddenly disappear...Cryptocurrency is still in its infancy and experimental stage, not yet mature .

Cryptocurrency is not part of our lives so we are going to miss it alot or rather i will miss it so much if suddenly everything about cryptocurrency disappears. Sincerely speaking it will have an effect on my life financially because because i have accumulated quite a lot but if i was able to withdraw them then i wouldn’t be in so much loss but it will be painful to see bitcoin leave us. It will be difficult at the beginning but people will get used to it with time and most people who lose money will soon forget about it and recover the loss after some time.

For most people cryptocurrency is their go to means for survival and if we are to experience this unrealistic situation of cryptocurrency disappearance then i can only imagine how deep if will affect such people, it will be as though food was taken from their hands and for some time i can imagine how difficult things will be for them. I know some few who are into cryptocurrency and doesn’t really have another means and their entire family have lived from what they earn in cryptocurrency so let’s just not assume such because a lot of lives will be affected directly or indirectly.

I mean we all would lose a lot of money, every single dime I saved so far would be gone, but the reality is that I used it well enough to pay for so many stuff so far, with my profit and income, so I would still be happy, I would say that was a good period of my life and I will try to find something else.

If crypto started to not exist today, my life would get worse, and by that I mean like REALLY worse, for a while, but then eventually I am sure it will recover, after all I can't be unemployed forever, it will get better with time, and I think it is going to get a little bit better with time and I will do fine, it is going to be something to do and I will probably find something that's greater and not going to have much issues.

Everyone here feels the same way. It may be hard at first, most particularly for those who have made crypto as their only hustle. But eventually, when a new innovation will be introduced, that is more advanced compared to crypto, I guess that’s when we realized why crypto has disappeared. And that’s a good realization also that we should have a stable job or a reliable source of investment so that if things like crypto will disappear soon, we will never be too much affected with that.

There is no permanent in this world, but hopefully, I will see the peak of Cryptocurrency in my lifetime. If cryptocurrency disappears in my lifetime, I still have all my skills, and we have a small business to turn to, but I will miss everything I've been doing for the past 8 years here in Cryptocurrency.

The cryptocurrency market and community have never been so excited as today; on airdrops alone, tens of millions of people are joining, and the market reached an unprecedented 2 trillion.

Well, things may disappear to welcome something new. That may also happen to crypto as well, and we're completely aware with that. But if ever it'll happen soon, I would be sad of course, and I think everyone does most especially if you have been dealing in the crypto market for long. However, if the new replacement will bring better opportunities for us, then I would widely welcome it and accept that crypto is no longer around.

I have a strong feeling that cryptocurrency is here to stay. From my experience with the global economy, when a market shows signs of corruption, they don’t typically eliminate it; instead, they work to regulate it. With over $30 billion in trading volume, jobs, businesses, and tax contributions tied to this market, economists in first-world countries likely view it differently than some might expect.

Cryptocurrency have become a part of the life of so many people in the world and it's making the business transactions of so many business owners to run smoothly on a daily basis. If crypto mistakenly crash today, it's going to cause a big set back to some people because there are some persons that have more than 70% of their asset in crypto and if any happens to Bitcoin, it's going to be a setback to them.

I would be quite sad because it’s been such a hugely important part of my life for so long. I’d have to find something else to do with my time. I assume in this hypothetical scenario I would be able to sell my assets first. If that was possible it would still be terrible but I could maybe relocate into stocks or real estate.

The immediate impact of this scenario is the loss of value of assets owned by all holders including bitcoin. Since some of these people's investments are in bitcoin rather than real assets, I think the average of them would be pretty sorry for themselves for that.

However, a scenario like this seems unrealistic now because Bitcoin has so far increasingly won the hearts of the community and the government. Increasing adoption and friendly regulations make this industry stronger and likely to survive longer.

Let's be honest, none of us want this scenario to actually happen. The crypto apocalypse is not expected when this industry continues to grow and develop and more and more people receive its benefits. Always think positively regardless of the risks that need to be considered.

Pretty sure that cryptocurrency earnings is realy that one of our main sources of income or extra money that we do have today on which there would really be those times or conditions that you are really that
earning even more than in compared with your day job on which there are individuals whom had decided that they do go full time and leave out their typical day job. On the moment that crypto would really be gone
then it would really be surely affecting them so bad since this is where they do get their main source of income. This is why with this kind of question then it would really be depending on a certain persons conditions
whether they are really relying with crypto profits or they do have other jobs online or offline that they could be able to sustain if ever it would happen?

This would really be that situational and something that would really be understandable on this case on which we know that on the moment or time that you do find yourself being dependent on crypto earnings
then such change would really be definitely be that making a huge impact into your life. This is why it would really be that recommended that as much as possible you should really be making those
diversification on other things or simply with other businesses or investment so that on the time that shit things happen then you do always have that back up.

Although it is very unlikely to happen in the near future, because of course if everything related to crypto disappears there must be signs, there is a process that cannot just happen.

However, if for example crypto disappears tomorrow morning, of course the first thing I experience is, I regret it. why didn't I sell it. Besides that, just surrender and start living as usual, because basically I don't invest all my wealth in crypto, only half of the wealth I invest.

So even if tomorrow morning there is no more crypto, of course I lose but it won't hit me or affect my life. because I still have half my wealth from savings and have several plots of land as assets to continue a new life. That is why it is very important for us if we have a lot of money or a little, don't invest in just one investment. Allocate your wealth in various investments including savings or emergency funds. This is to minimize incidents like what OP said.

The life will surely become bored again, bitcoin makes us more exciting everytime we see its price rise, it is a part of our daily life now to checks its price together with the altcoins in our portfolio so i think we cannot say that nothing will be change when crypto will disappear specially when we already earn on it.

Lol, count me in too, I can talk about how for the past 10+ years I never held an office job and been making my money in the crypto world, and I lived through some of the biggest parts, the famous 2014 increase, the 2017 peak at 20k, the 2018 crash, the famous 2021 increase, the famous 2022 bear, and now, and I had all the other stuff, the ICO period, the IEO period, the NFT's, the metaverse ideas, the kitties, all the decentralized exchange hypes, and the memecoisn that got sudden attention because of some car manufacturer, which is insane when you say it like that but it is also true.

All this results with the fact that we have been here long enough to know that crypto will not be gone, not like that, it would take years, even if anything happens to bitcoin, crypto as a whole will stay for a much longer time and will continue to exist. We need to make sure that we know how to keep it alive as well so that we do not do anything to put it on any risks.