What if BTC disappears... - page 2. | Bitcointalksearch.org

asriloni

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Quote from: layuso on January 04, 2018, 08:15:40 AM

I was thinking, and I don't have any reason to think it will happen in a near future, what if Bitcoin collapses, the bubble explodes and his value goes to the hell.

There is any way to convert our altcoins to fiat? I know if this happens, all the all the cryptocurrencies would be affected, but in this unrealistic (not at all) scenario, what could we do in order to save our profit?

Thanks

The only thing that will be changed if the bitcoin disappears and then ethereum should rule the crypto and majority of bitcoin pairs will be replacing it with ethereum, there is no different with bitcoin and that's all.
Please don't feel panic about that because anything can happen.

satria33

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Quote from: layuso on January 04, 2018, 08:15:40 AM

I was thinking, and I don't have any reason to think it will happen in a near future, what if Bitcoin collapses, the bubble explodes and his value goes to the hell.

There is any way to convert our altcoins to fiat? I know if this happens, all the all the cryptocurrencies would be affected, but in this unrealistic (not at all) scenario, what could we do in order to save our profit?

Thanks

Do not worry, if you are afraid bitcoin will disappear this might be when you sell all your assets. But in my opinion, bitcoin will still exist as the technology develops

layuso

newbie

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Of course, as I said, I don't think this gonna happen. And when i say "disappears" is not like a magic trick but progressively losing his value.

I just was thinking that if this somehow happens, try to think about thousand of people trying to withdraw their money from Coinbase, etc due to the fear of lose their investments, I don't think any exchange can afford that.
That being said, if convert alcoins to fiat almost only way is convert to BT first, it would be a disaster. Even if ethereum get the spot from BT, as other user said, there is no trust anymore in cryptocurrencies.

I know this is kind of apocalyptic situation xD I don't want to make you feel unconfortable Shocked

ritsel02

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Quote from: FiveReels on January 04, 2018, 08:21:36 AM

Well it is simple. If Bitcoin or we call it BTC disappears then another one will surely replace it either the second third in rank in cryptos or it does matter what rank it is but as long as it performs equal or much better than BTC surely it will gain its trust get more users.

I agree if it happened that bitcoin will disappear for sure there will be better cryptocurrency in replacement to it just keep your self updated on cryptocurrencies.We all know that investing on crypto is risky therefore you have to be prepared on any risks.Though we also know that bitcoin is a strong cryptocurrency with little chance to dissappear.

Bay_Harbour_Butcher

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I think the scenario that will happen if bitcoin disappears is, at first everyone will sell their altcoin because of panic and fear their coin also disappears, then after a few months, another altcoin will replace the position of bitcoin, possibly altcoin it is etherium

xenomorphe1

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If Bitcoin disappear, it will mean the death of altcoins too. It could come from governments who could forbide Bitcoin and altcoins. That could make Bitcoin disappear. Or if mining Bitcoin is not profitable anymore and all the miners stop to mine it, Bitcoin could disappear.

bbcolex

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If btc disappears all alt coins will get affected, majority of alt coins somehow use as an alternative to bitcoin. More alt coin would probably die together with bitcoin "If that happens" , but I highly doubt, bitcoin will never disappears maybe overthrown but wont disappear! Bitcoin is much more mainstream and widely accepted than other coins. Not gonna happened.

AMiRU

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An approximately $250 billion dollars worth disappears?
I wonder what will happen to fiat Roll Eyes

How can it disappears though? Its not like BTC is owned by individuals or organisation..

RNGfight

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Quote from: layuso on January 04, 2018, 08:15:40 AM

I was thinking, and I don't have any reason to think it will happen in a near future, what if Bitcoin collapses, the bubble explodes and his value goes to the hell.

There is any way to convert our altcoins to fiat? I know if this happens, all the all the cryptocurrencies would be affected, but in this unrealistic (not at all) scenario, what could we do in order to save our profit?

Thanks

If COINS disappear, then the whole encryption money market will disappear, because each national trust COINS, if do not have the COINS, so they will believe encryption money market?

Euroda

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i think that bitcoin will never disappear because it became popular and good anonymous but what if there are not bitcoin i think that there will be new other crpyto currency that will replaced bitcoin like ethereum and other

Rus3001

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If BTC disappears, then he will be replaced by another coin, but I think that the BTC will never disappear!

Polonium

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First of all, I dont think bitcoin will disapper and just explodes, I believe bitcoin os a legitimate currency and its value is not a bubble but a result of people recognizing its role in the future.
Having said that, if bitcoin should explode and disapper, it will cause a great disturbance to all cyptocurrencies, I think the result will be severe, people will not trust any coin anymore triggering the collapse of this entire system, let ius remember that bitcoin is the first crypto and the flagship of the system and also has the largest market share in the system.

Duzenn

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Quote from: layuso on January 04, 2018, 08:15:40 AM

I was thinking, and I don't have any reason to think it will happen in a near future, what if Bitcoin collapses, the bubble explodes and his value goes to the hell.

There is any way to convert our altcoins to fiat? I know if this happens, all the all the cryptocurrencies would be affected, but in this unrealistic (not at all) scenario, what could we do in order to save our profit?

Thanks

If you're scared, you should sell when everyone is buying crazy. It's a good way to make a profit.

hardalisas

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Quote from: layuso on January 04, 2018, 08:15:40 AM

I was thinking, and I don't have any reason to think it will happen in a near future, what if Bitcoin collapses, the bubble explodes and his value goes to the hell.

There is any way to convert our altcoins to fiat? I know if this happens, all the all the cryptocurrencies would be affected, but in this unrealistic (not at all) scenario, what could we do in order to save our profit?

Thanks

You are going too far to think about that scenario.
BTC will stay here for long.

FiveReels

member

Activity: 168

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Well it is simple. If Bitcoin or we call it BTC disappears then another one will surely replace it either the second third in rank in cryptos or it does matter what rank it is but as long as it performs equal or much better than BTC surely it will gain its trust get more users.

Coyoteerex09

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It will never happen BTC will never disappear in my opinion. Let say if these can happen, what you can do right now is to at least convert a small amount of your BTC's profit to fiat from time to time.

layuso

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Activity: 4

Merit: 0

I was thinking, and I don't have any reason to think it will happen in a near future, what if Bitcoin collapses, the bubble explodes and his value goes to the hell.

There is any way to convert our altcoins to fiat? I know if this happens, all the all the cryptocurrencies would be affected, but in this unrealistic (not at all) scenario, what could we do in order to save our profit?

Thanks

Topic: What if BTC disappears... - page 2. (Read 201 times)