what happens to Bitcoin if internet goes down? - page 5.

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Quote from: cryptolives on December 14, 2015, 03:54:45 AM

given the cayos happening in the world i wouldn't be surprised of nuclear war and in this case i would expect internet disruption question is what happens to Bitcoin if internet goes down?

home internet and mobile internet goes down

do not mean trade bitcoin to buy/sell i mean using it as a way of payment say you wanted to send money to someone abroad for family far away

If this thing happens, then we all need to use real money or fiat currency or gold or any other precious metal maybe. Bitcoin will become powerless and useless. But I doubt that the internet will ever breakdown like it will fully shut-down in the whole world.

Heartseed

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Bitcoin is sure to suffer or will continue to decrease in value because there will be no access to the internet. Having no access in the internet means that all bitcoin related activities will surely stop. Well, i dont think if there is any trading that will happen since i think bitcoin cannot exist of there's no internet so, there is no possible trading can happen if there is no internet.

Addywealth

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I don't think face to face trade could be an option for bitcoin if in case internet goes down, crypto currencies generally are internet powered they can not operate effective without IT.

daarul50

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There are two possibilities against bitcoin if the internet decreases. First, bitcoin will suffer and maybe bitcoin will be extinct because it can not be accessed to be managed. Second, there will be the latest innovation that allows bitcoins to be managed offline so that if managed offline then bitcoin will have a physical form as an option to invest an asset.

Kupid002

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Quote from: Ronaldcoin2017 on January 30, 2018, 04:31:23 PM

Quote from: BlackBeauty on January 30, 2018, 04:24:42 PM

Quote from: Rascar Capac on January 30, 2018, 04:11:20 PM

Bitcoin will goes down also becuase bitcoin has no physical appearrance. But if they invented a physical wallet and the device that can transfer bitcoin without internet bitcoin will not dissappear

Yes bitcoin will without internet go down and any person will never get extra beneficial, so it is very necessary that internet is provide to everyone rather they join bitcoin and earn much more money.

Yes i agree on that bitcoin really depend on the internet so then if the internet will go down the bitcoin will also down.But the question there is.Is it possible that the internet will be shutdown? If we put basis the usage and the popularity of the internet that even the government transaction and any other works really depend on it,i believe this internet will not going to shutdown it is verry usefull and it helps a lot to the economy it contributed a different helps to make work verry fluent and become more simple.

for me there is no possibility that internet may go down cause we all know that not only bitcoin may affect there is a lot of transaction that may based on the internet may interrupt so for me this is may not even happen.

Zabrielle

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Bitcoin evolved in a virtual world. This means that bitcoin only work with internet connection because it is digital. If the internet goes down then for sure bitcoin will disappear. Obviously we cannot use bitcoin if there is no internet. Its a crytocurrency that need an internet connection to function. Everything about bitcoin is dependent with internet connection. Without internet connection then bitcoin is useless because you can only access bitcoin through online. It belongs to a virtual world, you cant touch bitcoin because it is digital so i guess internet is must for bitcoin.

Rollesto

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At first I don't believed that internet will be soon goes down but in case it will happen I think the percentage of bitcoin users will also goes down because we all know that this bitcoin will be used with an internet connection and without this it will not function .

Ronaldcoin2017

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Quote from: BlackBeauty on January 30, 2018, 04:24:42 PM

Quote from: Rascar Capac on January 30, 2018, 04:11:20 PM

Bitcoin will goes down also becuase bitcoin has no physical appearrance. But if they invented a physical wallet and the device that can transfer bitcoin without internet bitcoin will not dissappear

Yes bitcoin will without internet go down and any person will never get extra beneficial, so it is very necessary that internet is provide to everyone rather they join bitcoin and earn much more money.

Yes i agree on that bitcoin really depend on the internet so then if the internet will go down the bitcoin will also down.But the question there is.Is it possible that the internet will be shutdown? If we put basis the usage and the popularity of the internet that even the government transaction and any other works really depend on it,i believe this internet will not going to shutdown it is verry usefull and it helps a lot to the economy it contributed a different helps to make work verry fluent and become more simple.

BlackBeauty

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Quote from: Rascar Capac on January 30, 2018, 04:11:20 PM

Bitcoin will goes down also becuase bitcoin has no physical appearrance. But if they invented a physical wallet and the device that can transfer bitcoin without internet bitcoin will not dissappear

Yes bitcoin will without internet go down and any person will never get extra beneficial, so it is very necessary that internet is provide to everyone rather they join bitcoin and earn much more money.

Rascar Capac

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Bitcoin will goes down also becuase bitcoin has no physical appearrance. But if they invented a physical wallet and the device that can transfer bitcoin without internet bitcoin will not dissappear

klser

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I think that bitcoin is related to internet so if internet goes down , bitcoin network will not work again . It will be a big problem for us because without the internet the system can not work.

Coinlovertoo

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Internet is one of the life of bitcoin.
If the internet is shutdown.. Bitcoin is useless.. We have no connection .

ranz_18

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I think its a game over if internet goes down. As we all know bitcoin is a digital currency and it always rely on internet connection. In short, bitcoin is no longer accessible if the internet connection in world shutting down. Probably the end of bitcoin story if this things will going to happen.

chikading2016

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That will be a big mist to bitcoin users and bitcoin around the world. It will gonna be a big problem, we all know bitcoin is a digital currency that relay on the internet connection. This might be a big disaster to bitcoin world and to all have connection to internet world.

spiritguardcharles

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It'll will definitely goes down as well as the internet.Why?It is because bitcoin is a digital currency which does'nt have any physical form or an intangible and we all know that most of the transaction done with the use of btc requires the presence of internet since it's an medium of communication for traders.So without internet,it's impossible for the dealer and buyer to exchange goods.Moreover,the payment is automatically credited to our online wallet.So if there's no internet connection,we will not received our money

think3214

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Quote from: cryptolives on December 14, 2015, 03:54:45 AM

given the cayos happening in the world i wouldn't be surprised of nuclear war and in this case i would expect internet disruption question is what happens to Bitcoin if internet goes down?

home internet and mobile internet goes down

do not mean trade bitcoin to buy/sell i mean using it as a way of payment say you wanted to send money to someone abroad for family far away

It is terrible if there is no internet in the world. If there is no internet in the world then every bitcoin transaction will stop. bitcoin will lose everything, everyone will lose all capital. I dare not think of this. Besides bitcoin, if the world does not have internet, the economy will stagnate. the world can not grow.

desklamp

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When having a bitcoin you are required to have a online wallet, and when using bitcoin you need a internet so you can browse what are the value of bitcoin, the updates when you are trading, mining and others. You can access in bitcoin by using internet, if the internet goes down it has a possibility that the bitcoin will fall down.

Arumi.Bilqis

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this will be a big problem for us because without the internet the system can not work and all will end but is it possible because the internet already has good power so will stay alive, but if really happened then we will not be able to do anything Huh

katarin2030

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Quote from: Haley craft on January 30, 2018, 04:34:49 AM

I think, then bitcoin will disappear.
Then you need to bring your equipment to the Internet where you can normally transfer BTC.

If interest goes down in the use of bitcoin, then automatically it's users goes down, that will result in decrease in the demand of the bitcoin coins that is directly related to the price of the bitcoin and all these are inter related that's how it affects the bitcoin.

Anna567

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After the collapse of the network, you can choose to face to face transactions, this is a safer choice.

Topic: what happens to Bitcoin if internet goes down? - page 5. (Read 34308 times)