If cryptocurrencies disappear - how will your life change ? - page 8.

Jegileman

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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?

A lot of things will change immediately in my life because most of the things I’ve achieved today are through this cryptocurrency. From one step to another; taking some few trades, buy and sell some coins that may have potential within a short term of trading. I’ve actually achieved a lot through the crypto space and I don’t know how I’m gonna feel when they cease to exist but definitely I’ll be destabilized before I’ll find my feet again and get back to my normal life. I just know it won’t happen, so the thought of that won’t even be coming to ring in my head, but it’ll have a lot of effect and I’m sure many people will also feel the same thing when it cease to exist.

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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?

Why would this happen? This is the most important question to answer by far, as that will tell us a lot about the possible repercussions we may face, since in order for all cryptocurrencies to disappear all of a sudden, then a massive event will have to happen, and if that is the case I am not so sure that the impact of the whole industry disappearing overnight should be the main of our worries, when most likely we will have more important things to worry about at that moment.

SatoPrincess

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I don’t have all of my assets in Bitcoin so if hypothetically there is a crypto apocalypse and all crypto cease to exist, I wouldn’t be in much trouble as I have diverse portfolio and fiat savings to fall back on. Sure it will hurt me because obviously I’ve lost some money but that cannot be the end of my life. My focus will be on starting a new venture that can earn me money to cover up for the loss.

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If cryptocurrencies disappeared, people would lose their money and need to use other ways to pay for things. It would also stop some new technology from growing and make those who use crypto for privacy find different solutions.

rachael9385

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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 will affect all bitcoiners.
For me, I have kept enough money on crypto and if anything happens to the crypto market, it will hurt because I have probably lost a lot of my money/investments. However I am not the only one it will affect because almost the whole world have invested on crypto, more essentially Bitcoin, so if anything bad happens in the crypto space it will be bad, and even the government that didn't support crypto in their country will laugh at those that invested on crypto. Well I am not sure if anything like this can happen in future.

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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?

If cryptocurrencies disappear, I would write about it. I would compare. I would write about my personal experiences I would also write about how my country's regime we're so suppressive of cryptocurrency that even though it is because disappeared, they'll the economy will remain the way it is. I'll interview "former crypto holders" about how they are getting by. In summary, I'll write a book and the create a documentary out of it. That's how I'll turn the lemons life has given me to lemonade.

Dzwaafu11

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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?

To be honest, if crypto is to be in no existence again seriously, I may even go broke because of my funds that are in cryptocurrency investment. I have invested some percentage of my money into it, so it will hit me hard if such things happen. The reason is that I may not be able to get the money converted before thing happen. Although I know that it will not be that possible as we are saying, if such happens, I know many people whose financial status will definitely go down. Many people earn in crypto, especially traders.

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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?

I'll redivert my focus into business if sh*t happens and this will came true.
I'm still earning cryptocurrencies still (through signature campaigns), but on the other hand, I'm trying to find another income sources aside from my day-to-day job (which is TBH full of toxicity), and having some business is what I saw.

How will my life change? If crypto will disappear tomorrow, the effect for me will be huge, drastic, and it will affect us immediately. A portion of the cryptocurrency that I'm getting is going to our daily bills so if crypto will disappear suddenly, I will find a way to earn that money and I mean immediately and that will be hard for me. Yes, there's freelancing still as my option, but I'm trying to explore other things as of this moment.

Also, my overall asset portfolio will be a mess because more than half of my whole asset portfolio is into cryptocurrency. If that happens, I don't know what will happen, but my life will not be over for sure. Cheesy

Hatchy

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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?

Nothing much, we will still continue our lives. Just that most people invest alot on crypto especially Bitcoin without the intention of removing it any time soon. So if anything Is to happen for instance with removes access to crypto networks then a lot of investors might be head on hills but come to think of it, will such case senerio every be possible? I don't think there's any thing that might create such a disaster except the Internet it self goes down and we probably loss all of our research engineers or developers to re launch it. Aside that I don't see a good reason.

Furious 7

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It will definitely be a difficult situation because looking at the conditions that I currently have, it can be said that apart from the job I currently have, crypto is one of the supporting factors to stabilize my finances and economy so when they disappear and do not exist then it will definitely be a setback for myself now.
But in this case I think there will be no ifs for now because it will not be possible for great technology such as bitcoin and blockchain to disappear in a short time even though there is a possibility that this will slowly be replaced in the future but for them to disappear in a short time as you described of course I don't feel that it can happen.

I'll probably just focus on what's going on right now because when we think about the worst possibility it will only make you more confused with negative thoughts so I don't want to fall into that.

Juse14

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I'm not long enough in the crypto world and investing into it. If cryptocurrencies will disappear from a sudden, of course I will feel lost at some point, especially since I just started to get to know it and haven't been able to make big enough profit yet. It may not be too big on my daily life since I haven't been here for a long time, but there's still the disappointment of the potential that I was expecting but didn't come. This can also be a lesson to be more careful in choosing investments in the future.

But on the positive side if I lose the crypto, it may not entirely disrupt my financial house of cards because I haven't thrown all my assets into it. It could also be a time to reconsider my general investment approach. With this incident, I will redouble my efforts in diversifying the portfolio and look for other investment opportunities which may be more stable and have quantifiable risks.

DrBeer

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Quote from: Dr.Bitcoin_Strange on August 26, 2024, 11:57:05 AM

Do you actually think that crypto currency can disappear, just like that? If really it does disappear, then people still have the option to go back into the old ways of investing. Personally, if such happens, it's going to liquidate a lot of my funds, as I currently hold about 40% of my total net worth in my crypto portfolio. So, if such happens, it's going to be a big lose which will take a lot of time before I can be able to build back those lost funds. The conclusion is that such should not happen and the chance of it happening is very slim.

No, I'm well aware that there are no Men in Black who will gather the entire population, put on goggles and cleanse everyone else's memory about cryptocurrencies

I want to understand how much cryptocurrency has penetrated our lives and how important it has become for us. Not only for systemic cryptoinvestors, for whom it is the main form of income, but also for ordinary people like myself.

Casdinyard

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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?

I've gone and earned so much in this industry that I would be able to get off of this gig for a long while without having to go back to it out of desperation, and the one thing that's good about my field is that it's not just secluded to crypto, so if in any case crypto does die out, which is a little impossible nowadays but then again, I'd be able to just do fine and stay afloat with a different profession, and the same things I own and do from back when I still do crypto.

I understand a lot of us here have become so dependent on bitcoin's and crypto's existence especially with the advent of cryptocurrency in the mainstream media, but you might wanna start diversifying your skillset and earning streams, just in case this gig doesn't work out for us for long, you know what I'm saying?

Akbarkoe

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Of course, this is something that no one wants, especially for those who store some of their assets in the form of crypto coins, including me personally because almost half of my assets are stored in crypto. And if the crypto currency disappears, then I will lose those assets. But will the disappearance of the crypto currency have an impact on my personal life? Of course, financially it might have quite an impact because losing a large number of assets is not an easy thing to deal with. And mentally, it might be a little bit big, because when I invest my assets in crypto, there are hopes and long plans tied to the investment. And if those hopes do not come true, and what I have planned just ends like that, there is a possibility of stress, depression, disappointment and more worries in the future.

I never imagined if this really happened, but this provides a lesson on how important it is to diversify and manage risk before investing the assets we have.

imamusma

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Quote from: avikz on August 26, 2024, 11:04:38 AM

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?

Well in that case, I will loose a good amount of money which I had saved since a long time. Personally I do not transact much on cryptocurrency and mostly use Fiat. But crypto currency really makes up a good percentage of my saving portfolio. So it would be a huge financial loss for me.

But that's the only thing that will impact me. I am sure many other people uses cryptocurrency in a similar way. But the main problem will be faced by the Whales or big money investors who probably have invested every single thing into crypto. Thankfully I do have a fallback position to survive due to the diversified investments.

Exactly as you said, we will face a huge loss if cryptocurrencies disappear, and of course many people will suffer the same loss. On the other hand, many people will also lose their jobs and the income they usually earn through trading. It is hard to imagine the full impact if this actually happens. The impact will be far reaching, as many people have chosen to invest in cryptocurrencies at this time, even making it their primary investment. It would be wise to have a backup in other investments, which can help us survive until we find an alternative option. For now, I have chosen to invest a little in gold, in case of emergencies, and I think it is a good option even though it seems like an old way to preserve the value of money.

cabron

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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.

Just imagine crypto disappears and it's only while the internet is still here, I guess I will have no money with me as most of my assets are in crypto. I will probably return to my old job and stay on it to survive.

passwordnow

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I have invested a lot on crypto and more with Bitcoin. It's for sure going to heavily damage me financially because it's near to all that I have. I have managed to sell at low prices and that even made me regret those moments and if crypto will just disappear someday on an instant, then that's something hard to accept and I might think of it everyday on how it all happened. But then, on the other side of it I'd be grateful that I've managed to be part of this revolution and able to get the benefits of it. From trading, investing or holding, selling and transferring.

All of the features that cryptos have, I have enjoyed all of it. But I know that this is just for the sake of argument and discussion and it's not going to happen anytime. Crypto, Bitcoin is here to stay and we shouldn't worry about that and with random altcoins and meme coins, people need to be careful with them because not all of them have a long life span just as Bitcoin. They're the most vulnerable cryptos that can come to this scenario that OP has asked.

Dr.Bitcoin_Strange

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Do you actually think that crypto currency can disappear, just like that? If really it does disappear, then people still have the option to go back into the old ways of investing. Personally, if such happens, it's going to liquidate a lot of my funds, as I currently hold about 40% of my total net worth in my crypto portfolio. So, if such happens, it's going to be a big lose which will take a lot of time before I can be able to build back those lost funds. The conclusion is that such should not happen and the chance of it happening is very slim.

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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?

In income, the loss of the crypto exchange and all related to crypto will have an impact on additional income from the trade carried out so far. All assets used as an investment asset will make everything lost so that losses or loss there is no place to demand compensation.
Want to blame the situation for this matter, it's useless. Risks that must be handed over.

avikz

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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?

Well in that case, I will loose a good amount of money which I had saved since a long time. Personally I do not transact much on cryptocurrency and mostly use Fiat. But crypto currency really makes up a good percentage of my saving portfolio. So it would be a huge financial loss for me.

But that's the only thing that will impact me. I am sure many other people uses cryptocurrency in a similar way. But the main problem will be faced by the Whales or big money investors who probably have invested every single thing into crypto. Thankfully I do have a fallback position to survive due to the diversified investments.

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