Topic: What if crypto vanishes? - page 11. (Read 3043 times)
Nothing will happen as there are very few things dependent on crypto. Ten years ago there was no crypto and ten years after its launch, we are seeing crypto mostly on exchanges and for investment purpose only. There are very rear chances of crypto elimination altogether but the majority of sh*t coins will vanish very soon.
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 this happen then our money invested in crypto will vanish as well. But dont worry too much about this kind of scenario, it wont happen overnight or even if it happens in the future still we have plenty of time to recover our investments because im sure there's a news that will circulate for people to become aware about it.
if crypto disappears it will have an impact on the world economy. maybe the world will experience a crisis because many people have lost their assets. and many people will lose their jobs and income. now we know that many people make a living from cryptocurrency if crypto disappears they will lose their jobs.
hopefully that never happens. I always pray that cryptocurrency will exist until the end of this world.
Well it can't really vanish or disappear. Unless all computing powers in the world are deadhopefully that never happens. I always pray that cryptocurrency will exist until the end of this world.
This way we wouldn't care about crypto that much because that'd mean end of the whole existing online web ecosystem.
And half of the world 'd lose their jobs
Exactly, if entire web goes down it will be chaos everywhere around, not just in crypto. But when web goes back up again crypto will continue its journey like nothing happened, power of datas, you just need to keep your private keys safe.
Crypto is here to stay, I think many people see that clearly. At this point chances are very low for that to happen, and with time they are getting lower and lower. And this fud threads are nothing new, I remember the same threads from years ago when bitcoin price was under 200 dollars, I even can say that back then there were much more topics about crypto end, but as we can see crypto is still here.
if crypto disappears it will have an impact on the world economy. maybe the world will experience a crisis because many people have lost their assets. and many people will lose their jobs and income. now we know that many people make a living from cryptocurrency if crypto disappears they will lose their jobs.
hopefully that never happens. I always pray that cryptocurrency will exist until the end of this world.
Well it can't really vanish or disappear. Unless all computing powers in the world are deadhopefully that never happens. I always pray that cryptocurrency will exist until the end of this world.
This way we wouldn't care about crypto that much because that'd mean end of the whole existing online web ecosystem.
And half of the world 'd lose their jobs
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 can’t even imagine that happening, so I don’t really know what answer I’m going to give you. Some people have also said that the only way that can happen is if the internet is disabled, lol… seriously, who would be so dumb as to do that? And who can even do that, like, take out disable internet for the whole world? So that as well can never happen.But assuming it happens, there is still nothing you can do than to forget about your coins and you know that as well, it’s just like storing your Bitcoin in a USB Flash drive and then all of a sudden you lost it
so there you have it, there’s nothing you can do, because your coins are gone for real, this is the only scenario that we know for sure is likely to take place and not this -- what if crypto vanishes thing, lol.
if crypto disappears it will have an impact on the world economy. maybe the world will experience a crisis because many people have lost their assets. and many people will lose their jobs and income. now we know that many people make a living from cryptocurrency if crypto disappears they will lose their jobs.
hopefully that never happens. I always pray that cryptocurrency will exist until the end of this world.
hopefully that never happens. I always pray that cryptocurrency will exist until the end of this world.
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 not happen. It is impossible for cryptocurrency to just vanish overnight.
But supposing it will happen the scenario would be simple. All their coins are gone. It does not matter whether they are whales or not. If cryptocurrency vanishes, everyone who has it will have nothing. But they will do anything to revive it for sure.
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That's quite impossible to be happening. I think the only reason of vanishing of crypto is whether the cut of the electricity over the world or just the end of the internet which I think it's impossible, but in that case a lot of people will freak out and trying to restore their investment of crypto on the internet.
sudden lost of massive hash power could also lead to blockchain not functioning properly and probably will take a really long time before adjusting after 2000 block. just imagine if today is the difficulty is really high then at a sudden the next day the hash power just around 2% left and the difficulty still stagnant at the really high level. it could potentially cripple the blockchain for some serious moment if it really to happen. 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 think you are not realizing the extent of the question that you are asking, if cryptocurrencies were to disappear and vanish as you say then that means that we do not have access to the Internet or to the electric network not only in your community but in the whole world, and at that point in time we will have way bigger problems than cryptocurrencies vanishing, at that point no one will care and will be worried about their own survival and while such a scenario could happen it is not very likely. 
The disappearance of the Internet means that the world's financial system is attracted. The Internet cannot disappear anymore. If a meteor doesn't hit the world, the internet won't disappear. They will not disappear indirectly in Bitcoin or Blockchain.
Cryptocurrency will not disappear, nor will the Internet. The Internet is digital broadcasting and it will never disappear, just like the blockchain itself.
That's quite impossible to be happening. I think the only reason of vanishing of crypto is whether the cut of the electricity over the world or just the end of the internet which I think it's impossible, but in that case a lot of people will freak out and trying to restore their investment of crypto on the internet.
How..? I have seen many threads like these but no one explains how it will be possible to happen. Crypto is decentralized and you have to say that there will be no internet in order to happen what you said.. completely impossible.
People forget that no matter how much money vanishes from the world there is more printed out every single year by the federal banks of nations which means no matter how much money is lost during something like a "crypto vanishing" there will be more made available soon afterwards. Maybe it would make some people poor or maybe it will make some people go bankrupt but the world will continue turning like nothing happened in general.
We have seen Venezuela for example going so poor (and I mean seriously poor) there were people dying out of starvation and national weight dropped significantly on average and everyone was lighter because even if you didn't die out of starvation you were definitely starving or hungry. What happened? That nation is still there and it still has people in it. Crypto can't make the world any poorer than "dying out starvation" level.
We have seen Venezuela for example going so poor (and I mean seriously poor) there were people dying out of starvation and national weight dropped significantly on average and everyone was lighter because even if you didn't die out of starvation you were definitely starving or hungry. What happened? That nation is still there and it still has people in it. Crypto can't make the world any poorer than "dying out starvation" level.
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?
In my own opinion, it will take long before cryptocurrency will vanish because there are now a lot of countries who legalizes crypto as currency. But if cryptocurrency will really vanish, sad to say that all of our holdings or our investments in crypto will be useless, and it will be very difficult for us to recover all.of those money. 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?
Sad to say but it will, cryptocurrency is a limited supply of money in a digital assets, when that supply runs out, it will also going to vanish in emptiness with no value and we can't do anything to revive it, we just go for another technology in which it will surpass the cryptocurrency.
What about those huge chunk of investments made by whales and other investors?
Those will become useless, it will exist only in the internet and no one will be able to use it because once it vanish or rather I should say devalued by time, we can't do anything about it but to accept the fact that nothing exist in this world forever, like us, cryptocurrency have its own time limit to coexist with us to help us in our everyday lives.
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, I used to harbour this thought when I joined the crypto industry in 2017 and it used to scare the hell out of me because it meant all my effort would be in vain. Well, I understand a bit now how it works. Crypto won't go away, at least not Bitcoin. We are likely to see tokens and coins become worthless but jot that the entire industry will be wiped out like in a tsunami.If the Internet goes down, I'd worry more about hospitals, transport, food and water than I would crypto.
This is a more sensible thought as it's more humane than making money. 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 this happen it may need a understandable reason why it needs to vanish or need a reason that people will hate it the most and need it to vanish. but in my opinion it will not or whales would not let this happen because in crypto there are people that focus to protect and in every seconds there is something happen everyone finds a way to recover it or let anyone know to recover it. so every single user won't let that happen to crypto.
Well, we all know it won't but the topic is not "how it can never vanish", we know that already so we should talk about (even tho impossible) possibility of what could happen if it vanishes. Well, many people know that there is a decent chunk of money involved with bitcoin and all crypto, however not everyone knows how much of it is regular Joes money and how much of it is very very wealthy companies.
We would see who invested and what type of consequences will happen, if it is regular Joes nobody will care but if big banks invested billions and lose there will be a lot of chaos going around trying to save those banks and hell even federal bank could print some money to save those banks (like 2008). We would also see plenty of companies that are crypto based all vanish and bankrupt as well, just binance going bankrupt overnight would create thousands of unemployment over night.
We would see who invested and what type of consequences will happen, if it is regular Joes nobody will care but if big banks invested billions and lose there will be a lot of chaos going around trying to save those banks and hell even federal bank could print some money to save those banks (like 2008). We would also see plenty of companies that are crypto based all vanish and bankrupt as well, just binance going bankrupt overnight would create thousands of unemployment over night.
If this happens, I am sure those who have large investments placed on crypto will do everything to restore it.
Crypto is still money. And I am sure, there are those that have misplaced priorities will priorities to worry about their crypto and money.
Definitely. If it's bad enough to worry about crypto, you don't need to worry about crypto.
Crypto is still money. And I am sure, there are those that have misplaced priorities will priorities to worry about their crypto and money.
It is money and once it's gone, it's gone. And in the OP's scenario it just evaporates into thin air. Good luck restoring it.
And in case the reason the crypto disappeared was coz shtf, then money is the last thing on people's minds. I've seen events like these happen before, money is practically useless.
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