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?
This will certainly cause a great loss to the economy. because most of the money that many people bring into the crypto market is borrowed from banks. So if the crypto market disappears overnight, of course all the fiat money we send into the crypto market is gone. You won't be able to imagine the awesomeness of some big bitcoin investing countries losing $ 200 billion overnight. Banks take money and many will commit suicide. 
Topic: What if crypto vanishes? - page 10. (Read 3077 times)
That would make a lot of people happy to be honest.
There are a lot of people saying Bitcoin and crytocurrencies are a scam and people should not even use it. I don't know how they end up with that but when it does happen, even I know it won't, I guess I will just reinvest on other assets. I will never survive if I keep mopping on some of my investments.
For those who say that cryptocurrency is a scam and that bitcoin is a scam, They are newbie in this market and they have not carefully studied the market. I have a lot of friends who don't participate in this market but every time I mention cryptocurrency they say, it's a scam, stay away from it. They obviously know nothing about this market. If this market suddenly disappears, I think whales in this market will lose their entire fortune, and a lot of people will become poor. And from there I believe that this will never be possible happen, unless the internet of the world disappears There are a lot of people saying Bitcoin and crytocurrencies are a scam and people should not even use it. I don't know how they end up with that but when it does happen, even I know it won't, I guess I will just reinvest on other assets. I will never survive if I keep mopping on some of my investments.
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?
Their huge chunks of investments in cryptocurrency will be like the rest; they will become worthless. But again, as what you have stated, this will not happen and it makes no sense thinking about it because it is next to impossible to happen, especially overnight. Cryptocurrency might get weaker in the coming years but the whales will be making the advance steps before it will crash.
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?
Honestly, the only answer I can give is the internet should vanish first before Cryptocurrency vanishes, it should be the internet first before Cryptocurrency, and if there is still an internet, we can always recreate those cryptocurrencies because the majority of this Cryptocurrency is open source, can be clone can be imitated.
That would make a lot of people happy to be honest.
There are a lot of people saying Bitcoin and crytocurrencies are a scam and people should not even use it. I don't know how they end up with that but when it does happen, even I know it won't, I guess I will just reinvest on other assets. I will never survive if I keep mopping on some of my investments.
There are a lot of people saying Bitcoin and crytocurrencies are a scam and people should not even use it. I don't know how they end up with that but when it does happen, even I know it won't, I guess I will just reinvest on other assets. I will never survive if I keep mopping on some of my investments.
If cryptocurrency vanishes, then it is quite alright for me because I have done diversification and I don't mind to lose an opportunity from cryptocurrencies because I have businesses right now and other sources of income that will become a supplement to my lose income. Diversification is a must and everybody should think about this if ever one of your sources of income vanishes.
Professional people prioritizing cryptocurrencies for the living is low compared to the passive income generators. In that way it might not affect a big community, but this won't happen now or then as the community keeps widening with the technology getting more and more advanced with different technologies. What if fiat money vanishes? This is beyond normal speculation. It's more like a question asked by a stoned guy in the middle of watching a movie.
lol that was funny . but the question is not about fiat but its about crypto . fiats cant dissapear because it was the standard currency that people use but crypto were only came out of nowhere .Quote
Dude, what if we disappear and wake up in another time? 
lol , again this question was like being asked by a stoned guy in the middle of watching a movie. Did computers disappear? Did phones disappear? Yes we are using landlines less and less but 100 years later they are still here. Things don't disappear just like that.
That second question was supposed to look like asked by a stoned guy.
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Value doesn't vanish. If you buy a car and wreck it the value will decrease but not vanish. You can still sell it for parts or repair.
so you mean to say that crypto wont vanish even if we send it to a random address ? which is true indeed and also crypto wont vanish but its value can also decrease . which was also a fact .Yes it won't vanish at that random address. It will still be there and someone may have a private key to that address or even generate that key in a couple years by trying to make a new address. Value in fiat does not influence the existence of something.
If cryptocurrency vanishes, then it is quite alright for me because I have done diversification and I don't mind to lose an opportunity from cryptocurrencies because I have businesses right now and other sources of income that will become a supplement to my lose income. Diversification is a must and everybody should think about this if ever one of your sources of income vanishes.
Well there is a lot of things that will happen specially to those individuals who have invested big amount of money to crypto, they will lose everything they have in crypto and i don't think we can recover the cryptos anymore and if ever some groups plans to rebuild crypto people will be having a hard time trusting it again, crypto might not exist again and a new system will be establish.
it will cause chaos, and the FUD will spread the word about scams, fraud, greed, and others to make crypto look bad. actually I can't imagine what happened, because as far as I know, many important people have invested in crypto. but thinking about it vanishes in 1 night, it's very impossible. 
Well there is a lot of things that will happen specially to those individuals who have invested big amount of money to crypto, they will lose everything they have in crypto and i don't think we can recover the cryptos anymore and if ever some groups plans to rebuild crypto people will be having a hard time trusting it again, crypto might not exist again and a new system will be establish.
If it vanishes then all investors will lose their money, simple is that.
A good example of this scenario is ICO scam exit. When they exit, all investors lose there money and rest are not affected.
How BitConnect pulled the biggest exit scheme in cryptocurrency
A good example of this scenario is ICO scam exit. When they exit, all investors lose there money and rest are not affected.
How BitConnect pulled the biggest exit scheme in cryptocurrency
if cryptocurrency disappears then all crypto users will lose their assets and experience a big loss. small or large traders will all lose their assets. and I think this might be possible when the electricity network and the internet die we will not be able to access our crypto. but I'm sure if that happens then we will all try hard so that the internet network can be re-connected. and I also suggest to have other investments besides crypto that we can use when an emergency occurs.
of course I never expected this to happen.
of course I never expected this to happen.
Which we all know won't happen at all, how will it vanish if we can see that the adoption continues and that there were a lot of countries right now would like to regulate Bitcoin and other crypto and a lot of businesses are seeking how they can be able to adopt crypto in their business, so this indicates that crypto will continue to rise.
if cryptocurrency disappears then all crypto users will lose their assets and experience a big loss. small or large traders will all lose their assets. and I think this might be possible when the electricity network and the internet die we will not be able to access our crypto. but I'm sure if that happens then we will all try hard so that the internet network can be re-connected. and I also suggest to have other investments besides crypto that we can use when an emergency occurs.
of course I never expected this to happen.
of course I never expected this to happen.
of course, there are no people in crypto who are not disappointed, there are no crypto holders who are not sad. and the bigger one is. many crypto exchanges will be demanded by their members. indeed, crypto does not have any guarantees. but when crypto suddenly disappears, I think people will take legal action to solve it.
Simple. Its all gone and leaving those investors hanging on a thread which would be thinking on their money been burned into thin air.
If we do think about vanishing or inaccessible then this would pertain on internet connection or other natural calamities where it would stop people on making transactions in the chain but other
than that theres no other way on stopping crypto and can be possibly vanished so easily.
Naturally calamity will hardly affect the blockchain of certain coin simply because it's decentralized even if there's only 1 miners left in this world it the difficulty will adjust except the whole earth is in the bring of destruction and it's the main purpose of decentralization which is to prevent any authority from raiding and shutting down the whole blockchain. If we do think about vanishing or inaccessible then this would pertain on internet connection or other natural calamities where it would stop people on making transactions in the chain but other
than that theres no other way on stopping crypto and can be possibly vanished so easily.
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?
Simple. Its all gone and leaving those investors hanging on a thread which would be thinking on their money been burned into thin air.If we do think about vanishing or inaccessible then this would pertain on internet connection or other natural calamities where it would stop people on making transactions in the chain but other
than that theres no other way on stopping crypto and can be possibly vanished so easily.
Don't confuse market cap with amount invested. Plus wash trades.
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?
if that really happens, it will surely cause an economic crisis. Because all this money is not just our principal, there are many people who borrow from banks to invest in this market and the amount has reached $ 190 billion. So if the crypto market collapses, the whole world will lose over $ 190 billion in fiat money and it will surely be a major influence and sharks will die. I don't expect this to happen, it will make millions of people poor.
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?
Your question is so strange, if crypto disappears it means there is a logical reason for the loss, there could be no internet connection or anything. Investors and whales will certainly be relaxed with this, just as when you experience a disruption in the bank or the bank is under maintenance, it only disrupts the sustainability of the business that you do. 
People who join crypto recently wouldn't know about this but there was a period when bitcoin was actually considered possibly dead.
That was the time when it went from 30 dollars to 3 dollars and honestly 3 dollar back in those times meant that bitcoin could have been bought (mostly) by some rich folk which would mean they would have millions of it and they could have crippled the economy and price would never take off since they would have power to sell how many they want to keep it low if they wanted to and we were afraid governments could get together and do something like that.
Thankfully they didn't do it and we are fine right now (even tho there are still too many crypto whales) but it was a serious threat that scared us for a while that was actually possible.
That was the time when it went from 30 dollars to 3 dollars and honestly 3 dollar back in those times meant that bitcoin could have been bought (mostly) by some rich folk which would mean they would have millions of it and they could have crippled the economy and price would never take off since they would have power to sell how many they want to keep it low if they wanted to and we were afraid governments could get together and do something like that.
Thankfully they didn't do it and we are fine right now (even tho there are still too many crypto whales) but it was a serious threat that scared us for a while that was actually possible.
There is nothing to do but just complain and accept by forcing yourself to endure the bad events and losses if they suddenly occur. Indeed, there is no point in complaining about such problems, and in this circle no one can be held accountable as a whole. So, it all is a big risk that must be considered more.
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