What If Bitcoin Fall?? - page 4. | Bitcointalksearch.org

Jawhead999

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Quote from: romero121 on July 07, 2022, 06:49:05 PM

During the beginning days bitcoin was distributed free of cost.

It's not distributed, but mined.
Free of cost isn't entirely correct too, but we can say it's cheap as hell since you can mine many Bitcoin with just old CPU in the early days.

Quote from: naira on July 07, 2022, 02:45:57 PM

Bitcoin managed to escape the termination or ban on e-government because it is anonymous and can more easily move freely without control.

Another misconception, Bitcoin isn't anonymous, but pseudonymous. Pseudonymous is when you can still see any transactions that recorded on blockchain, but you just don't have any idea who own those address. If you want to see anonymous coin, take a look on Monero.

TheGreatPython

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Quote from: Cryptornd on July 06, 2022, 02:10:24 PM

attention - i am not talking about bitcoin's current price action . i know these are buying opportunities for investors . I dont mean about bitcoin's price falling . i mean what if bitcoin isn't exist , what if bitcoin wasn't created.

If that is what you mean then you should also change your title because it seems not right. How can someone fall if it didn't exist in the first place? But, since btc is already there and if let say it collapsed, go to zero and boom completely die then what can we do? I guess people will just emote, cry a bit and then eventually they will learn how to move on but I believe that there will be a better replacement after it. That's how I think stuff works in this world.

About when bitcoin didn't exist, obviously there will be no bitcointalk and I am not on here. I think I was still very active on the non crypto forum that I've been using before I know this forum.

romero121

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Quote from: The Cryptovator on July 07, 2022, 02:34:08 PM

The question is what if you weren't born. Then who will ask this question? Likely someone else, so if Bitcoin weren't created, then something else would create. Who knows there wasn't a better idea than Bitcoin and it failed? Who knows if Bitcoin replace or update with something else with a new coin or feature? So this type of question is really unrealistic. It's quite impossible to stop Bitcoin right now since nodes have been saving a lot of devices and miners working to mine Bitcoin.

Agreed, even before the innovation of bitcoin similar concepts were tried. But, those didn't reach the usage and acceptance. During the beginning days bitcoin was distributed free of cost. The technology that backs bitcoin made the evolution and in between something happened and bitcoin got its value. In such a way things progressed with time, if this hasn't happened surely something else could've been dominant in the same market with a different name.

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Quote from: suzanne5223 on July 07, 2022, 02:27:14 PM

If Bitcoin is not created there will definitely be another form of digital currency because the idea of Bitcoin has been researched by some universities before Satoshi combine everything together with his own concept which is what lead to the Bitcoin we see today. However, if E-gold was not shut down by the US government it could probably be the digital currency people will be using now if it's decentralized and no censorship.

E-Gold or Bit gold was first initiated by Nick Szabo and in the end, only Bitcoin managed to escape the termination or ban on e-government because it is anonymous and can more easily move freely without control. However, the OP here is asking a question that is a bit messy to answer. So no rights can be taken away, it's just a question that can be answered when the OP isn't really born.

The Cryptovator

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The question is what if you weren't born. Then who will ask this question? Likely someone else, so if Bitcoin weren't created, then something else would create. Who knows there wasn't a better idea than Bitcoin and it failed? Who knows if Bitcoin replace or update with something else with a new coin or feature? So this type of question is really unrealistic. It's quite impossible to stop Bitcoin right now since nodes have been saving a lot of devices and miners working to mine Bitcoin.

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If Bitcoin is not created there will definitely be another form of digital currency because the idea of Bitcoin has been researched by some universities before Satoshi combine everything together with his own concept which is what lead to the Bitcoin we see today. However, if E-gold was not shut down by the US government it could probably be the digital currency people will be using now if it's decentralized and no censorship.

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Quote from: Cryptornd on July 06, 2022, 02:10:24 PM

Re: What If Bitcoin Fall??

Bitcoin failing is too ambiguous to believe or to understand the particular method that will lead to Bitcoin failure.

1. Do you mean that blockchain technology will fail? Is it possible that blockchain will fail? It therefore means that computers will not exist again, the all the coding languages will disappear and then no one will be interested to write codes again.

2. Do you mean that all the miners will shut down and there is no one to sustain the PoW protocol of bitcoin. No one will confirm transactions and no one will run a node again.

3. Do you mean that everyone who owns bitcoin now will sell all to fiat immediately and if yes, who will buy the bitcoin that they will sell to fiat?

Let's stop this bitcoin failure of a thing. It is totally impossible for bitcoin to fail, but rather it can be transformed as the future unfolds.

Dart18

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Then we won't be talking here. We won't even know what Ethereum is and so on and forth.
We will have to wait when a Satoshi will be born and that may take a long time for a genius to come out or be born. What's worse that could happen?
Centralized coins will be the first born and we won't even wish a decentralized one or we won't even have any idea about it.
All government property, all in their control, no privacy.

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I want to believe you are asking "what if Bitcoin fails"?, well, to this, i will honestly tell you that Bitcoin has gone to far to fail, if you were asking this question in 2010 or 2011 or even 2012, then i would have said "if Bitcoin fails, we all will forget about it and move on with life", but asking this question in this year 2022 with all that Bitcoin have achieved so far is kind of absurd, but i understand that as a newbie, you probably need some assurance from the community and i believe you gotten it, Bitcoin can not fail, it has gone too far the fail, a lot of reputable businesses around the world now accept Bitcoin payments, if Bitcoin was a joke that will in any time in the future fail, this businesses having done their due diligence before deciding to accept payments in Bitcoin wouldn't have .

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If bitcoin falls, I'm curious how much the price will fall because it will obviously make many people panic and sell their bitcoins fast. They will no longer care about bitcoin and want to leave bitcoin forever. But those who understand bitcoin's potential for the future will definitely take advantage of the opportunity to buy bitcoins at low prices. Likewise, investors will do because they see a great opportunity to buy bitcoin at the lowest price.

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Quote from: Cryptornd on July 06, 2022, 02:10:24 PM

I would like to let you to share your ideas about what if bitcoin falls?? Let others to know about badconsequence people have to face if bitcoin falls. Thank you Guyz.

attention - i am not talking about bitcoin's current price action . i know these are buying opportunities for investors . I dont mean about bitcoin's price falling . i mean what if bitcoin isn't exist , what if bitcoin wasn't created.

That's not a simple question to ask what if bitcoin was never created and there could be many alternative projects and many other people could create something like this because at the moment when you realize the governments are having too much control over the people founds and there is not any privacy for people, this demand could make some people find some alternative ways instead of bitcoin, but to be short I guess you should the world situation back in 2018 when we have much more traditional economic systems to get your answer.

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Quote from: Rockstarguy on July 07, 2022, 05:03:39 AM

Op questions looks very funny to me, if bitcoin doesn't exist or if bitcoin falls people will continue saving their money in the bank instead of investing it in bitcoin , if bitcoin doesn't exist saving money in the bank won't add any value, it will be just waste of time. If bitcoin falls many people will missed bitcoin because since the existence of bitcoin many have benefited from bitcoin so much.

What you say is very true because bitcoin is something that everyone dreams of.
And they also never would have dreamed that bitcoin would crash eventually.
Everyone has had a change in their life while recognizing bitcoin, therefore they will continue to hope that there will be a miracle for bitcoin in the future.

Rockstarguy

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Op questions looks very funny to me, if bitcoin doesn't exist or if bitcoin falls people will continue saving their money in the bank instead of investing it in bitcoin , if bitcoin doesn't exist saving money in the bank won't add any value, it will be just waste of time. If bitcoin falls many people will missed bitcoin because since the existence of bitcoin many have benefited from bitcoin so much.

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If Bitcoin would have never been invented everybody would go crazy on other stuff.

Probably PSA10 Pokemon cards or CGC 9.8 comics

KaliLinux

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Quote from: Cryptornd on July 06, 2022, 02:10:24 PM

I would like to let you to share your ideas about what if bitcoin falls?? Let others to know about badconsequence people have to face if bitcoin falls. Thank you Guyz.

attention - i am not talking about bitcoin's current price action . i know these are buying opportunities for investors . I dont mean about bitcoin's price falling . i mean what if bitcoin isn't exist , what if bitcoin wasn't created.

I believe you were already living years before Bitcoin existed and you know how your life was then. Outside Bitcoin, people have lost a lot of money in different Investments and some were affected negatively and others moved on with their lives and invested in other things. It wouldn't be different with Bitcoin if something like that ever happens, were you expecting the world to come to an end? And if Bitcoin hadn't existed at all from the beginning, we wouldn't have known how we would feel cos we never experienced it.

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Okay, let's assume that Bitcoin will fall and die, then the entire crypto market will dissolve and all the investors, holders, and traders will lose.
I think that was really the outcome of that situation.

But yes, we argue it won't as we believe that Bitcoin will survive and exist in the market for many years.
Honestly, I'm not really considerate with that "what if" and any market assumptions. Because the fact is that nobody will take risks and put a huge amount of money investing in a project that has no assurance but they have as people are being optimistic about Bitcoin, about cryptocurrencies.

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Quote from: cheezcarls on July 07, 2022, 02:19:53 AM

Quote from: Cryptornd on July 06, 2022, 02:10:24 PM

I would like to let you to share your ideas about what if bitcoin falls?? Let others to know about badconsequence people have to face if bitcoin falls. Thank you Guyz.

attention - i am not talking about bitcoin's current price action . i know these are buying opportunities for investors . I dont mean about bitcoin's price falling . i mean what if bitcoin isn't exist , what if bitcoin wasn't created.

If Bitcoin wasn’t created, for sure until now I would still be struggling with my life and remained a disappointment to my family. I would likely gonna end up being forced to take a civil service exam and applying to work for the government just to earn minimum wage.

And worse, I would still end up having a lot of debt if Bitcoin wasn’t created. It would be very hard for me to see Bitcoin and the entire crypto market disappear. I would be in total despair since this industry has saved me from financial distress. Even if I was hacked $12k+ last time, I am still very happy right now of my current position as I am in good hands and getting closer to being fully recovered.

Honestly without bitcoin my life probably wouldn't be as easy as it is now, I don't own too much bitcoin but with what it is helping me earn and accumulate in the long run, crypto and bitcoin are helping me get through a time when goods and necessities are increasing in price day by day. I would probably have to work from 7am to 12pm to support my family if I didn't have a job in the current world.

I have not accumulated too many bitcoins for myself yet but I will work harder to keep more bitcoin, I believe I can have a better life if have more bitcoin in the future.

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Quote from: Cryptornd on July 06, 2022, 02:10:24 PM

I would like to let you to share your ideas about what if bitcoin falls?? Let others to know about badconsequence people have to face if bitcoin falls. Thank you Guyz.

attention - i am not talking about bitcoin's current price action . i know these are buying opportunities for investors . I dont mean about bitcoin's price falling . i mean what if bitcoin isn't exist , what if bitcoin wasn't created.

Why would you think of things which are impossible to happen. Bitcoin is here and it will continue to exists. So there is no point spending time on things which aren't possible.
Prior to 2009, there were no bitcoins and hence you need to see the history on how was world without bitcoins.

FlamingFingers

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Quote from: Cryptornd on July 06, 2022, 02:10:24 PM

i mean what if bitcoin isn't exist , what if bitcoin wasn't created.

If bitcoin does not exist people will still be trading their forex trades and all other stuff, if bitcoin does not exist you won't be in this forum, if it doesn't exist you won't know anything about altcoins, to me I don't think that the question is necessary because its a pretty straightforward question, because nothing will happen if it does not exist, people will definitely find another means.

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Quote from: Cryptornd on July 06, 2022, 02:10:24 PM

I would like to let you to share your ideas about what if bitcoin falls?? Let others to know about badconsequence people have to face if bitcoin falls. Thank you Guyz.

attention - i am not talking about bitcoin's current price action . i know these are buying opportunities for investors . I dont mean about bitcoin's price falling . i mean what if bitcoin isn't exist , what if bitcoin wasn't created.

If Bitcoin wasn’t created, for sure until now I would still be struggling with my life and remained a disappointment to my family. I would likely gonna end up being forced to take a civil service exam and applying to work for the government just to earn minimum wage.

And worse, I would still end up having a lot of debt if Bitcoin wasn’t created. It would be very hard for me to see Bitcoin and the entire crypto market disappear. I would be in total despair since this industry has saved me from financial distress. Even if I was hacked $12k+ last time, I am still very happy right now of my current position as I am in good hands and getting closer to being fully recovered.

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