If cryptocurrencies disappear - how will your life change ? - page 6.

shield132

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Quote from: DrBeer on August 26, 2024, 07:36:21 AM

If cryptocurrencies disappear - how will your life change ?

Let's model one situation - tomorrow morning, all cryptocurrencies cease to exist, there are no blockchains, no crypto exchanges, no P2P exchanges, no gates and other things inherent to the crypto market.
Question - what changes will happen in your life ? Just a request - let's be honest and not make things up, but objectively assess how the “disappearance” of cryptocurrencies can affect us?

At this point in my life, nothing will change because I don't work in crypto company. I work in a bank that uses fiat but there was a time when crypto was a major driving force of my life. If cryptocurrencies cease to exist, a significant portion of my lifesaving will be gone but that won't make me depressed long-term, I'll only feel depressed short-term but that will give me motivation.
Btw I have to admit that it will be very hard for me to buy certain services, for example, PlayStation gift cards. I won't be able to pay on websites that accept Bitcoin but reject visa-master cards from 3rd world countries.

Quote from: DrBeer on August 26, 2024, 10:31:40 AM

I'll elaborate a bit , or expand on my topic - I'm interested in how deeply cryptocurrencies have penetrated the population, and whether there are any critical processes in our lives that will be disrupted and create SIGNIFICANT problems for us everyday people.

So far, I can only identify significant problems for those who have a significant portion of their assets in the form of cryptocurrency savings/investments.

People who work in crypto companies will be left without a job, which will be a shock for many employees who depend on monthly paychecks or have no other alternative besides crypto.

Dr.Osh

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Currently, crypto is still one of my sources of income. So, if it disappears, then my sources of income will decrease, and it might affect my economic situation for some time. However, sooner or later, we have to adapt to it and start looking for other sources of income. In fact, currently, I am still trying to find and build an online business that can generate a lot of money. Unfortunately, until now there are no signs of it succeeding.

Cookdata

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Quote from: DrBeer on August 26, 2024, 07:36:21 AM

If cryptocurrencies disappear - how will your life change ?

Let's model one situation - tomorrow morning, all cryptocurrencies cease to exist, there are no blockchains, no crypto exchanges, no P2P exchanges, no gates and other things inherent to the crypto market.
Question - what changes will happen in your life ? Just a request - let's be honest and not make things up, but objectively assess how the “disappearance” of cryptocurrencies can affect us?

There are some models that are going to be impossible because it's like saying Crypto would vanish from existence is as good as saYung fiat might not exists tomorrow and how banks move on with their life as there wouldn't be anything to bank on again. It's impossible because that model will fail and fail again. Crypto will stay and such assumptions would have occur from the beginning and not now that things has spread everywhere.

However, if things are to go back the way it were before 2009, my life will be strictly my career, I will focus on that aspect and put all my energy there. Thats the only way I can survive because I have invested much of my life in crypto that I might not even know the next if cryptocurrency failed to exist one day and I might not be coming online again because that's what brings me onto the internet most often, don't have time for social media lifestyle.

Jatiluhung

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Quote from: DrBeer on August 26, 2024, 07:36:21 AM

If cryptocurrencies disappear - how will your life change ?

Let's model one situation - tomorrow morning, all cryptocurrencies cease to exist, there are no blockchains, no crypto exchanges, no P2P exchanges, no gates and other things inherent to the crypto market.
Question - what changes will happen in your life ? Just a request - let's be honest and not make things up, but objectively assess how the “disappearance” of cryptocurrencies can affect us?

Maybe I'm one of the people here who won't be too affected if cryptocurrencies disappear. Because so far I have only invested in crypto, not much more than I have invested in other instruments. But even though I said it wouldn't have much of an effect. But that doesn't mean it doesn't have an effect. because now I am used to spending more time studying crypto in my free time and every holiday from work. Even analyzing the crypto market has become a habit for me now. Even though I don't trade much, I still like knowing which way the market will move. So it would be quite boring if cryptocurrency disappeared. And even my finances might also be slightly affected. because I have to change some of my future plans. Because I have included bitcoin in my future plans. And if it wasn't there then I'd be a little confused.

stompix

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Quote from: cabron on August 26, 2024, 12:20:21 PM

With a situation like this, you can only imagine the internet also disappearing and everyone suffering which I'm sure it's not just our lives that change, it's everyone's life. We're going back to the old ways and maybe farming is the only way to make food after all the supplies last.

Cryptos only became a thing after 2013
Internet was ready and available for nearly everyone after the 90s!
Humanity has gone to space, and made computers, vaccines, supersonic airplanes, nuclear reactors, and submarines without any of them, the stock market has existed more without the internet than with it, credit cards preceded the internet too.

Crypto disappearing tomorrow is not such a big deal for the entire world, millions would be indeed affected but overall it's just a drop in the bucket, and the world won't end.

arwin100

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Quote from: DrBeer on August 26, 2024, 07:36:21 AM

If cryptocurrencies disappear - how will your life change ?

Let's model one situation - tomorrow morning, all cryptocurrencies cease to exist, there are no blockchains, no crypto exchanges, no P2P exchanges, no gates and other things inherent to the crypto market.
Question - what changes will happen in your life ? Just a request - let's be honest and not make things up, but objectively assess how the “disappearance” of cryptocurrencies can affect us?

It can affect us to the fact that one of our basket is gone and for sure we provably lose a lot of money from disappearance of crypto. But for sure people will find way to find an alternative methods to find money since for sure we will never stop just because of that reasons.

For sure there would be new opportunity to introduce or we will find since we will never go this far if we are not resourceful.

But this incident is far to happen. Technology is evolving and for sure with this cryptocurrency usage will be notice. Government will find how useful the cryptocurrency is and with that we might see crypto became more successful for more upcoming years.

lovesmayfamilis

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It seems to me that if we consider the disappearance of all cryptocurrencies, then in our time, when technologies are developing so that we do not have time to follow them, something new will appear that can somehow replace them. What role will the disappearance play for me? If we take away the material damage, then nothing else. Now I use crypto only as a way of investing or a deposit in games. Therefore, of course, it would be unpleasant to lose, but I do not see a big tragedy in the disappearance.

Yucky

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Quote from: WillyAp on August 27, 2024, 09:57:47 AM

Quote from: DrBeer on August 26, 2024, 07:36:21 AM

If cryptocurrencies disappear - how will your life change ?

One way to pay for services less, al little money is lost.
Not something I do worry about.

the mindset that nothing lasts forever is enough reason to know that certain systems we're currently applauding in the present might in the future cease to exist. If crypto disappears and the idea on how crypto and blockchain technology works still remains intact on people's head and doesn't also disappear from thier mind, a similar decentralized system will eventually be created in less than no time. All cryptocurrency are created by humans and are the product of humans idea. A building that takes more than 5 years to be erected can be destroyed in a single day and then the owner comes up to rebuild it in the next six months because he already have the idea intact. The latter structure will have better design than the first. If crypto disappears today, in the next one month we will have thousands of coins everywhere. The only effect it will have is that for Bitcoin whose creator isn't known physically, a lot of impersonators will claim they are Satoshi and wants to recreate Bitcoin which can never amount to what Bitcoin was, is and is to come.

Obim34

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There will be an extreme down effect, both mentally, emotionally and financially. Waking up to see what you once believed in and as much invested part of our income into disappearing, especially to those who already have a bigger portfolio then finding nothing left, it's a disaster no matter how we try to adapt since humans are quick to adapt to unfavorable conditions but definitely we must experience trauma.

Since it is not primarily our source of income, we can start all over again by changing our investment piece into something else, maybe something more physical that will also generate profits.

retreat

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That would be a disaster, because I invested in cryptocurrency and I participated in the signature campaign, and it would be quite detrimental to my income. Especially in difficult times like now, I rely quite a bit on crypto to generate additional income for me, and also sometimes I buy some packages with crypto because the price is cheaper, so cryptocurrency is very helpful in my life. Although the case you mentioned is very unlikely to happen, but in the worst case it might have a significant impact on most of us here.

Gallar

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Quote from: DrBeer on August 26, 2024, 07:36:21 AM

If cryptocurrencies disappear - how will your life change ?

Let's model one situation - tomorrow morning, all cryptocurrencies cease to exist, there are no blockchains, no crypto exchanges, no P2P exchanges, no gates and other things inherent to the crypto market.
Question - what changes will happen in your life ? Just a request - let's be honest and not make things up, but objectively assess how the “disappearance” of cryptocurrencies can affect us?

Of course this will really surprise me, because currently I put part of my wealth in crypto assets such as bitcoin. So if, for example, everything related to crypto, bitcoin and blockchain disappeared, of course that would make me personally a little sad. Because apart from the assets I invest in it, of course the crypto world has become part of my life now. Because cryptocurrencies like bitcoin have helped my economy become better. Apart from that, crypto also makes me more independent in terms of investments. Because honestly, almost 60% of my wealth is now invested in cryptocurrencies (the majority in bitcoin). So just imagine, if for example the crypto world disappeared, and all the assets in it disappeared, I would definitely be very confused.

However, I am sure this will not happen, because crypto/bitcoin now has a very large community in the world. So it is impossible for any group to destroy and eliminate the crypto world. That's why I'm not too worried about it. Because I am very sure that this is very impossible to happen at this time. The point is that as long as the internet network still exists, crypto/bitcoin will never disappear. So my current stance is basically like that(there is an Internet=crypto/bitcoins are safe).

X-ray

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Lost my 99% of asset and become broke, quite literally.

I invested heavily in crypto because im attracted with the return, i cast aside golds and any other relatively stable asset because their return is so low it make me lost interest.

however, since adoption of crypto has been wide, it'll be quite impactful, there are plenty of people who uses stable coin for remittances, I think freelancers nowadays also receive stablecoin because it's that convenient and cheap.

therefore it will be pretty big impact since people are already used to it, not to mention big institutions are starting to leverage on blockchain to further improve efficiency of their business flow.

BALIK

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Quote from: Nothingtodo on August 27, 2024, 02:52:01 PM

Quote from: Tigerheart3026 on August 27, 2024, 01:59:02 PM

firstly my income is totally stopped because now i have no other income source without cryptocurrencies, and my 80% assets in cryptocurrencies because i would love to invest in crypto than other sector, so a big change will come in my life if cryptocurrency will disappear, if i have no real life job so i have to depend on cryptocurrencies.

When your income stops, you will automatically try to find an alternative source of income in order to survive. You will try to find a job yourself or you will try your best to establish a new business system yourself. This is how people provide income systems in order to survive.

Of course, even those who are into crypto full-time or have invested their entire fortune in crypto, they would have to move on with their lives if crypto suddenly disappeared. But this will be a disaster and it will take a long time for people to recover and return to normal life. So no one wants OP's hypothesis to happen.

For me, if that happens, I will be in disaster like everyone else because most of my assets are in crypto. My life won't stop because I have family, wife and kids and they are more important than anything but it will be a bad phase if crypto disappears.

Maslate

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To be honest, it would really make me feel sad and depressed seeing crypto is gone as well as this bitcointalk forum itself. This is already part of my daily routine, and the topmost reason why I have reach my position now, so if ever crypto will suddenly be gone, although life must go on but maybe not that profitable and meaningful anymore. So while crypto is still here, let's continue to take advantage every opportunity that comes so that there won't be regrets in the future.

Fortify

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Quote from: DrBeer on August 26, 2024, 07:36:21 AM

If cryptocurrencies disappear - how will your life change ?

Let's model one situation - tomorrow morning, all cryptocurrencies cease to exist, there are no blockchains, no crypto exchanges, no P2P exchanges, no gates and other things inherent to the crypto market.
Question - what changes will happen in your life ? Just a request - let's be honest and not make things up, but objectively assess how the “disappearance” of cryptocurrencies can affect us?

There will be minimal change for me really, I'm bringing in an income from a variety of crypto sources that would be impacted but life moves on and you always have to keep adapting. The rest of the world would continue on, just like it did before 2009 when bitcoin appeared. There are still over 200 currencies in the world and you can even choose to ignore currencies right now, if you want to trade precious metals or use some alternative barter system and can find people that will share it with you. The blockchain idea however is very useful, that all previous transactions can be integrity checked in a long link to the current transactions, which would be a shame for the world to lose.

uneng

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Quote from: DrBeer on August 26, 2024, 07:36:21 AM

Question - what changes will happen in your life ? Just a request - let's be honest and not make things up, but objectively assess how the “disappearance” of cryptocurrencies can affect us?

It would be a very unfortunate scenario for me, because I'm heavily into Bitcoin investment. I would have to start from zero once again through another categories of investments and another sources of income. Nothing that couldn't be done, though. I have to keep an optimistic mindset in every cases, because it's just money after all and it can be recovered through many different ways, since you have will and motivation to make it work.

The most important thing you have in life is health. If you have this, everything else becomes possible. Therefore, nobody in healthy conditions should see a financial loss as the end of the world.

coolcoinz

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90% of my liquid assets are in bitcoin, so that would be a disaster. I also have some hard assets like real estate, cars and all that, so I wouldn't become poor all of a sudden, but life would suddenly become hard.

Nowadays I have plans, I feel confident about my investment and the future of my family. I've been saving in bitcoin for many years. If all that was to turn into nothing one day, I'd be devastated and depressed.
I could live with bitcoin never going up from this date, I could live with it going down in price right now, but I'd barely hang on if some higher power took it all from me in a day.

So, my life would change drastically. I'd have to find ways to make money for retirement and to get my kids through school with no savings.

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Quote from: Tigerheart3026 on August 27, 2024, 01:59:02 PM

firstly my income is totally stopped because now i have no other income source without cryptocurrencies, and my 80% assets in cryptocurrencies because i would love to invest in crypto than other sector, so a big change will come in my life if cryptocurrency will disappear, if i have no real life job so i have to depend on cryptocurrencies.

When your income stops, you will automatically try to find an alternative source of income in order to survive. You will try to find a job yourself or you will try your best to establish a new business system yourself. This is how people provide income systems in order to survive.

mindrust

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Not much tbh because I don't depend on crypto that much. Crypto is part of my portfolio and supporting me with some passive income but my own business doesn't rely on crypto. So If crypto disappeared tomorrow, I wouldn't feel it that much. My other assets would keep making me money and the world would keep spinning. You better have a back-up plan if crypto is your main way of making money. 15 years ago none of these existed and think about that a little and what would you do if crypto somehow failed.

Crypto provides an alternative but it is not indispensable.

DrBeer

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Quote from: Tigerheart3026 on August 27, 2024, 01:59:02 PM

firstly my income is totally stopped because now i have no other income source without cryptocurrencies, and my 80% assets in cryptocurrencies because i would love to invest in crypto than other sector, so a big change will come in my life if cryptocurrency will disappear, if i have no real life job so i have to depend on cryptocurrencies.

Don't you think crypto as a sole revenue channel is a RISK ? Don't you think that you should ALWAYS have a backup or diversify the risk by starting your own business or getting a new education, for example, for a parallel, let's say for example, remote work that does not require 100% of your free time? I think it will never be superfluous, moreover, it will provide additional income

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