What if crypto vanishes? | Bitcointalksearch.org

rodskee

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Quote from: Wysi on December 21, 2019, 01:20:10 PM

What will happen if crypto vanishes overnight or due to some or the other reason if crypto becomes inaccessible to public? I know this does not make sense as crypto will not vanish but still what if it happens? What about those huge chunk of investments made by whales and other investors?

then just like all businesses mate,everyone will be under Bankruptcy of course,you have already mentioned that Crypto will be inaccessible so how can investors do some move to cover all their money?
though i am sure before this comes to happen,there will be leakage to all whales that they need to full out immediately their investments because only Strong country can make this scenario happens.

but please let us not talk about this things while the market is on Bearishness because this adds negativity to those in losing status now.

deisik

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Quote from: Brunus on January 26, 2020, 06:11:27 PM

Well, I would say that as regards the altcoins, these have already practically disappeared from the scene, having lost between 95 and 99% of their value, and have no hope of recovering it.
If this also happens to bitcoin ... many greetings to crypto

If the vast majority of altcoins disappear that will make Bitcoin stronger

Quite a lot of people lost their savings in shitcoins, and it is not unlikely that more are going to lose in the future in all varieties of scams under whatever names. They wouldn't if they weren't so greedy and invested in Bitcoin and top altcoins instead. So the point is, if there are only a few strong and robust coins remaining which pursue different purposes and occupying different niches, it will make the market stronger overall

Brunus

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Well, I would say that as regards the altcoins, these have already practically disappeared from the scene, having lost between 95 and 99% of their value, and have no hope of recovering it.
If this also happens to bitcoin ... many greetings to crypto ...

Faxmate

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Quote from: thottum on January 25, 2020, 07:21:27 AM

Quote from: charlesmichel1 on January 25, 2020, 02:13:02 AM

We'd have bigger things to worry about.
But let's imagine that crypto vanishes due to total cut of electricity, for instance.
What will happen after that? Well, millions of people would get cranky because of lost wealth.

The total cut of electricity throughout the world is a hypothetical situation which is never gonna happen. The cryptos never gonna vanish at least BTC will be there if all the Altcoins vanishes but that's not gonna happen for sure.

Crypto never vanish because all around the world its not possible to vanish the power or remove the internet accesss fully from this world. There are millions of investors who are earning from crypto and they are saving their money from other people using crypto investment so crypto will never get vanish but it will get stronger with passages of time, its getting more demand with time.

thottum

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Quote from: charlesmichel1 on January 25, 2020, 02:13:02 AM

We'd have bigger things to worry about.
But let's imagine that crypto vanishes due to total cut of electricity, for instance.
What will happen after that? Well, millions of people would get cranky because of lost wealth.

The total cut of electricity throughout the world is a hypothetical situation which is never gonna happen. The cryptos never gonna vanish at least BTC will be there if all the Altcoins vanishes but that's not gonna happen for sure.

charlesmichel1

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We'd have bigger things to worry about.
But let's imagine that crypto vanishes due to total cut of electricity, for instance.
What will happen after that? Well, millions of people would get cranky because of lost wealth.

deisik

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Quote from: olumyd on January 24, 2020, 06:48:30 PM

The only people who will truly get hurt, are the ones that are neck deep and in crypto and have no current alternative source of livelihood. Like the guy who sold his house to buy bitcoin - biggest gamble ever

I'm not sure whom you are talking about

If you are talking about the famous dude from Canada who has sold his house in 2014 for 600 bitcoins (he made quite a noise around the forum at the time), it was not his home. He inherited from his parents if I'm not mistaken. Then Bitcoin crashed below 200 dollars, and some people were making fun of him, while others related to him. But ultimately he turned out a winner as he just kept his coins, and it paid off handsomely at the the end of the day. Don't know what's become of him lately, though. Anyone?

olumyd

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Quote from: Wysi on December 21, 2019, 01:20:10 PM

What will happen if crypto vanishes overnight or due to some or the other reason if crypto becomes inaccessible to public? I know this does not make sense as crypto will not vanish but still what if it happens? What about those huge chunk of investments made by whales and other investors?

I've had similar nightmares before, and what I console myself with most of the time is: Am I even real? What if I disappear tomorrow or wake up not remembering my entire past like it disappeared?

The truth about virtual investments is that it's risky, involves rigor, and intellectual stamina. If crypto would disappear someday, certainly savvy investors or the so called whales would preempt such an event or worst, insulate themselves from whatever catastrophe may result. The only people who will truly get hurt, are the ones that are neck deep and in crypto and have no current alternative source of livelihood. Like the guy who sold his house to buy bitcoin - biggest gamble ever.

doomloop

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Quote from: OrangeII on January 23, 2020, 10:16:06 PM

Quote from: FlightyPouch on January 23, 2020, 06:21:20 AM

Quote from: startselect on January 23, 2020, 02:20:40 AM

Then it would be an opportunity to create the next Bitcoin, but a lot of people will be afraid to invest due to the fear of it disappearing again, for absolutely no reason.

That would be the real case scenario, to be honest. People would never use or support crypto currency at that time after what happened. Though we all know that it will not happen since no one can make crypto currencies "vanish". As no one controls it, no one would be able to do that, another thing is that each bitcoin wallet is an access to a part of bitcoin, for example, so as long as you can access your wallet, it will not vanish.

Well, I can only think of one thing, that crypto can never develop again. disappointment, fear, and others make people think that this is just an investment that wastes time. it's just that, thinking about this happening within 1 night, it's very difficult, moreover, the trade happens all the time. I hope the development of crypto will continue to get better.

Crypto is climbing up the stairs of development and will not move in the opposite way. It has reached at appoint in very short span from where it can never fall. Crypto is among these innovations of time that will never be old and people will continue to come and join this market. It is growing and with each passing time its value is also increasing so no fear of its ending.

ScamViruS

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If this happens then we will not have to do anything without blaming ourselves. Because we invested a lot here. And we've given a lot of time here. That would be the worst situation we have ever seen in our lives.

However, the hope is that the crypto market will not be vanish in any way. Because crypto has the power to erase paper money. Now crypto market not a small market. Crypto will reach more people if it follows the rules. Because at this point some whales can manipulate the price only when they want.

Wipeout2097

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For me crypto will not vanish,Its early age of crypto and growing day by day.The adoption of crypto increasing because majority of events openly in favor of crypto and people getting awareness from it regarding crypto and blockchain.

Corporate sectors upgrading their payment system with blockchain and most developed countries also going to launch of own crypto coin,It seems green signal for the crypto and give surety that crypto will not vanish.

OrangeII

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Quote from: FlightyPouch on January 23, 2020, 06:21:20 AM

Quote from: startselect on January 23, 2020, 02:20:40 AM

Then it would be an opportunity to create the next Bitcoin, but a lot of people will be afraid to invest due to the fear of it disappearing again, for absolutely no reason.

That would be the real case scenario, to be honest. People would never use or support crypto currency at that time after what happened. Though we all know that it will not happen since no one can make crypto currencies "vanish". As no one controls it, no one would be able to do that, another thing is that each bitcoin wallet is an access to a part of bitcoin, for example, so as long as you can access your wallet, it will not vanish.

Well, I can only think of one thing, that crypto can never develop again. disappointment, fear, and others make people think that this is just an investment that wastes time. it's just that, thinking about this happening within 1 night, it's very difficult, moreover, the trade happens all the time. I hope the development of crypto will continue to get better.

ene1980

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Quote from: startselect on January 23, 2020, 02:20:40 AM

Then it would be an opportunity to create the next Bitcoin, but a lot of people will be afraid to invest due to the fear of it disappearing again, for absolutely no reason.

What do you even mean by that, the crypto market is a huge one with almost a quarter of a trillion dollars invested from around the world and for anyone to think that the market will vanish just like that would be childish. Major governments around the world are trying to come up with a regulation to counter frauds in the market and since that is the case we will not see the market vanish just like that.

FLoving

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if that happens in my opinion everyone will be afraid to invest in cryptocurrency again and everyone will move investments in gold because it's the safest in the world

But that will never ever happen any time in the life because it is now a perfect section of our financial system which have solved many issues of the world economy and many countries are busy to create plannings for its adoption and they want to adopt it as a currency in their state and want their banks to start accepting crypto currencies which show the strength of crypto currencies.

supercanada1

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Quote from: KrisAlex18 on January 23, 2020, 10:34:14 AM

Quote from: jackg on December 21, 2019, 01:59:29 PM

We'd have bigger things to worry about.

We could have an ionic shower or something similar that could take the Internet down and every computer (could also cause radiation damage to humans and if strong enough would kill us immediately).

I doubt we'd survive something that whipes out computers or the Internet but I could be wrong (expecially since some of those cables are already quite far below the ground).

If the Internet goes down, I'd worry more about hospitals, transport, food and water than I would crypto.

We should also think the other things in our society especially the things that might help us to live longer and to stay alive because of them. Most people thinks about money but if we think deeper, we should also think about how get survive out of this happenings in our society like how we could live if there is no food, water and shelter but in our case now, we are in developing country and developing country has something to do with technology like digital currency. We adopted this for our future, to have a good economy so if this vanish, we go in our traditional way again.

We would move back into our past if that will happen… but there is no condition of if in crypto market and so is the case with Bitcoin. People just waste time in useless conversations, who says this that crypto will vanish should get more knowledge about it and then they should revise their statement. Bitcoin, a strongest digital currency with increasing strength is not going to vanish than why should think of it.

Karmakid

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Quote from: Webetcoins on January 23, 2020, 10:32:34 AM

Quote from: Williams_Leo on January 22, 2020, 06:33:06 AM

Quote from: meliodas on January 22, 2020, 05:16:10 AM

Quote from: Forbiddenone on January 21, 2020, 11:35:49 AM

I do not know how will it happen as it is equivalent to saying what if networks stopped working and internet gone. Let's us assume your fantasy even it happens then for short period of time u will see some rage moment across the globe and it might lead to big chaos scenario and we might see major accidents.

Cryptocurrency can still vanish without shutting down the internet. It could happen once the government order its citizen to stop using cryptocurrency for certain reasons. Even though most of the cryptocurrencies are decentralized, they can't still stand against the government because it is still mandatory to follow its orders or else you will end up in jail.

If the government really had the capacity to control and manage crypto, crypto were not able to grow until now, you can see a lot of bans have been issued and then repealed, all of which is useless with crypto, that means crypto will not disappear unless the internet is completely destroyed. But the internet is always a very important and secured network, if it is destroyed, not only will crypto disappear, so many other products will disappear similarly, I do not believe that the authorities may be careless in this situation

The decentralized nature of crypto makes it more adoptable by the investors. Governments cannot take control of this market as they cannot keep track of the multiple transactions made by the vast population of investors in this market. Its development with time and addition of investors in the market is the proof of its value and strength. This is also its indication of a strong future and better future of people in crypto.

I don't think that the government will allow the cryptocurrency to stay decentralized for the upcoming years because the government does need a good data to observe the activities that are happening within cryptocurrency and they can do that through implementing rules and regulation. With or without decentralization, we can still progress because the only thing that matter is the adaption and innovation of the technology that we have with cryptocurrencies which is blockchain.

KrisAlex18

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Quote from: jackg on December 21, 2019, 01:59:29 PM

We'd have bigger things to worry about.

We could have an ionic shower or something similar that could take the Internet down and every computer (could also cause radiation damage to humans and if strong enough would kill us immediately).

I doubt we'd survive something that whipes out computers or the Internet but I could be wrong (expecially since some of those cables are already quite far below the ground).

If the Internet goes down, I'd worry more about hospitals, transport, food and water than I would crypto.

We should also think the other things in our society especially the things that might help us to live longer and to stay alive because of them. Most people thinks about money but if we think deeper, we should also think about how get survive out of this happenings in our society like how we could live if there is no food, water and shelter but in our case now, we are in developing country and developing country has something to do with technology like digital currency. We adopted this for our future, to have a good economy so if this vanish, we go in our traditional way again.

Webetcoins

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Quote from: Williams_Leo on January 22, 2020, 06:33:06 AM

Quote from: meliodas on January 22, 2020, 05:16:10 AM

Quote from: Forbiddenone on January 21, 2020, 11:35:49 AM

I do not know how will it happen as it is equivalent to saying what if networks stopped working and internet gone. Let's us assume your fantasy even it happens then for short period of time u will see some rage moment across the globe and it might lead to big chaos scenario and we might see major accidents.

Cryptocurrency can still vanish without shutting down the internet. It could happen once the government order its citizen to stop using cryptocurrency for certain reasons. Even though most of the cryptocurrencies are decentralized, they can't still stand against the government because it is still mandatory to follow its orders or else you will end up in jail.

If the government really had the capacity to control and manage crypto, crypto were not able to grow until now, you can see a lot of bans have been issued and then repealed, all of which is useless with crypto, that means crypto will not disappear unless the internet is completely destroyed. But the internet is always a very important and secured network, if it is destroyed, not only will crypto disappear, so many other products will disappear similarly, I do not believe that the authorities may be careless in this situation

The decentralized nature of crypto makes it more adoptable by the investors. Governments cannot take control of this market as they cannot keep track of the multiple transactions made by the vast population of investors in this market. Its development with time and addition of investors in the market is the proof of its value and strength. This is also its indication of a strong future and better future of people in crypto.

Google+

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Quote from: clickerz on January 23, 2020, 06:11:41 AM

Quote from: Williams_Leo on January 22, 2020, 06:33:06 AM

Quote from: meliodas on January 22, 2020, 05:16:10 AM

Quote from: Forbiddenone on January 21, 2020, 11:35:49 AM

I do not know how will it happen as it is equivalent to saying what if networks stopped working and internet gone. Let's us assume your fantasy even it happens then for short period of time u will see some rage moment across the globe and it might lead to big chaos scenario and we might see major accidents.

Cryptocurrency can still vanish without shutting down the internet. It could happen once the government order its citizen to stop using cryptocurrency for certain reasons. Even though most of the cryptocurrencies are decentralized, they can't still stand against the government because it is still mandatory to follow its orders or else you will end up in jail.

If the government really had the capacity to control and manage crypto, crypto were not able to grow until now, you can see a lot of bans have been issued and then repealed, all of which is useless with crypto, that means crypto will not disappear unless the internet is completely destroyed. But the internet is always a very important and secured network, if it is destroyed, not only will crypto disappear, so many other products will disappear similarly, I do not believe that the authorities may be careless in this situation

It is hard to stop crypto now, now that people know its value and importance in transacting online where no one controls it. But, for OP when crypto disappears, I think many cannot accept it and will give birth to another form of digital currency, We know that necessity is the mother of invention and many will try to find ways to have a solution like crypto.

cryptocurrency may potentially be lost but for technologies such as the blockchain will be developed and may no longer use bitcoin, it may be that in the future many digital currencies will be created as a result of the development of blockchain technology which is currently widely used and developed by many large companies.

FlightyPouch

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Quote from: startselect on January 23, 2020, 02:20:40 AM

Then it would be an opportunity to create the next Bitcoin, but a lot of people will be afraid to invest due to the fear of it disappearing again, for absolutely no reason.

That would be the real case scenario, to be honest. People would never use or support crypto currency at that time after what happened. Though we all know that it will not happen since no one can make crypto currencies "vanish". As no one controls it, no one would be able to do that, another thing is that each bitcoin wallet is an access to a part of bitcoin, for example, so as long as you can access your wallet, it will not vanish.

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