Topic: What if crypto vanishes? - page 5. (Read 3043 times)
We wont be here talking about it because the whole internet will be down when that happens.. Otherwise How.? Just think of a way how crypto may vanish in a night..? If there is internet then crypto will be. Its not easy to kill crypto in a month or a year if thats what you meant, because to even find out and stop the projects and companies, it will take more than a year.
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?
At that time, the rich will have to find another low-level job and many will have to commit suicide due to trust in crypto. and it's hard to imagine a scenario where more than $ 200 billion is out of the world, there will certainly be a financial crisis again. because not only ordinary people like us are trading coins but also financial institutions, banks and even some central banks like in Venezuela. Therefore, the fall will bring a lot of negative things to the whole 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?
Stock market will flactuate crazily because the investors and traders from crypto will shift to market based platform. Another thing that might happen is that banks will be overhelmed since there are expected huge volume of crypto investors who will now decide to just keep their money at banks because they don't have any plan yet regarding where should they put their money. Lastly, traders will either decided to go for forex or stock exchange which isn't a big deal for them since whatever they learned in crypto trading can be applied there.I also expect that people won't ever meet their funds if crypto vanishes.
That will cause even crazier fluctuation of stock market
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?
Stock market will flactuate crazily because the investors and traders from crypto will shift to market based platform. Another thing that might happen is that banks will be overhelmed since there are expected huge volume of crypto investors who will now decide to just keep their money at banks because they don't have any plan yet regarding where should they put their money. Lastly, traders will either decided to go for forex or stock exchange which isn't a big deal for them since whatever they learned in crypto trading can be applied there. 
It would certainly be unpleasant for many people, for many it could also mean the end of life..
A substitute for what could happen are examples of the collapse of exchanges. Perhaps the most famous example is Mt.gox. A lot of people lost a lot of money then.
At that time, much less people was interested in Bitcoin. Now, for sure, the consequences would be much worse
A substitute for what could happen are examples of the collapse of exchanges. Perhaps the most famous example is Mt.gox. A lot of people lost a lot of money then.
At that time, much less people was interested in Bitcoin. Now, for sure, the consequences would be much worse
That's the whole point
When Mt.Gox collapsed, Bitcoin was just a toy. Back in the day it was like a casino as no one could expect or even hope how things were going to turn out in some 5 years. I'm almost certain that losing their coins was not a big deal for the majority of people then as these coins didn't cost them much anyway, if anything at all. I lost 1.5 BTC while gambling in 2014 (or early 2015), and I couldn't care less. Losing that much would be a catastrophe for me now that one bitcoin is worth almost 10k (and probably will be worth much more in a couple of months)
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?
It will really be a bad experience for us that we might get upset and depressed, if bitcoin suddenly vanishes because there are some people who stores a lot of money in crypto, and put a lot of time working in crypto just to earn money, that is why a lot of people will get affected if crypto will be gone.It would certainly be unpleasant for many people, for many it could also mean the end of life..
A substitute for what could happen are examples of the collapse of exchanges. Perhaps the most famous example is Mt.gox. A lot of people lost a lot of money then.
At that time, much less people was interested in Bitcoin. Now, for sure, the consequences would be much worse.
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?
It will really be a bad experience for us that we might get upset and depressed, if bitcoin suddenly vanishes because there are some people who stores a lot of money in crypto, and put a lot of time working in crypto just to earn money, that is why a lot of people will get affected if crypto will be gone.will be use in order for this kind of things to happen. Crypto already being recognized in most known nations there are already numbers of people who are engaged to this business so the chance of keeping to progress is much higher than being vanished.
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?
Will this ever happen? this is because this same question can equally be put this way. What if there is no more internet again? will this ever happen? my answer is NO but if eventually happens all the investors and people who are holding crypto currency inform of their wealth will all lose their money and they will have no option other than to start a new investment. only one thing makes this possible, namely the loss of the internet, people will certainly panic, but the internet will always be there, even today many people depend on the internet.
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?
It will really be a bad experience for us that we might get upset and depressed, if bitcoin suddenly vanishes because there are some people who stores a lot of money in crypto, and put a lot of time working in crypto just to earn money, that is why a lot of people will get affected if crypto will be gone. 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?
Thinking rationally, it is not possible but yet let's assume it happens. There is no way we could avoid it if it happens anyways because cryptocurrencies being decentralized gives us no way to track those and also there is no centralized party authorized behind the cryptocurrencies. The movement cryptocurrencies vanishes, each big whale would loose every single penny which would never be returned. This is always a risk being with cryptocurrencies but we, who trust cryptocurrencies know if would never happen because cryptocurrencies have already taken huge space on the internet and also a lot of major firms have adopted bitcoins and cryptocurrencies. 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?
No, it makes sense at some point because some countries may ban it, for example India plans to ban bitcoin but I believe they'll change their mind, it's not beneficial in any way. The reason bitcoin can be vanished is following: It is used for money laundering and illegal activities, so if governments decide to ban it, they'll stick with this reason. But you know what will happen? Bitcoin may vanish but there will be something better and safer than bitcoin for such things and it will be 100x hard for them to detect and vanish so at least in near future they won't make any moves to my mind and so we can say that it doesn't make sense to vanish crypto. Btw it's still good thing to discuss, like when I read others' opinions.
This is too far from reality at least it never crossed my mind. The biggest scenario might be an Internet connection dies, but what kind of thing that makes the internet worldwide dies? even if the Internet dies (which I don't think will happen soon) some people still have bitcoin where they keep them offline (paper wallet, USB, etc) so it will not disappear. As long as people keep their private key safe especially in an offline wallet then it will exist.
This market may collapse in different ways, but for me it is not feasible and it is impossible to die unexpectedly. In addition, this market may die but the internet will never die, the most important internet in the world and it helps the world to move forward nonstop. I still haven't found a practical reason for this market and the internet to die, except for the apocalypsethere is no other reason if crypto will disappear suddenly other than the simultaneous loss of internet connection globally, but that will not happen if there really isn't anything that can destroy the internet just like doomsday. in fact more and more people who use the internet are able to encourage scientists to create something new about internet connections, therefore it is impossible for the crypto market to simply disappear without a compelling reason that makes sense
This is too far from reality at least it never crossed my mind. The biggest scenario might be an Internet connection dies, but what kind of thing that makes the internet worldwide dies? even if the Internet dies (which I don't think will happen soon) some people still have bitcoin where they keep them offline (paper wallet, USB, etc) so it will not disappear. As long as people keep their private key safe especially in an offline wallet then it will exist.
This market may collapse in different ways, but for me it is not feasible and it is impossible to die unexpectedly. In addition, this market may die but the internet will never die, the most important internet in the world and it helps the world to move forward nonstop. I still haven't found a practical reason for this market and the internet to die, except for the apocalypse
Well, if that happen I'll be sad of course because crypto sustain my needs for how many years now but I don't think I'll be worrying much. I ain't like those big company or individuals that invested a lot of money that could affect their living if ever crypto vanishes. Good thing, this kind of situation won't going to happen as many are adopting the blockchain technology as time pass by. Only negative thinker will think of the idea that someday crypto will vanished.
This is too far from reality at least it never crossed my mind. The biggest scenario might be an Internet connection dies, but what kind of thing that makes the internet worldwide dies? even if the Internet dies (which I don't think will happen soon) some people still have bitcoin where they keep them offline (paper wallet, USB, etc) so it will not disappear. As long as people keep their private key safe especially in an offline wallet then it will exist.
if it is indeed not accessible worldwide, the asset will be completely useless.Large scenarios can occur if a war embargo occurs that causes heavy infrastructure damage, or something that has another major impact. If it disappears for a while and finally returns, there will be many speculative shocks, but the ecosystem will gradually recover the situation.
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?
As you said, cryptos will not vanish but like you said as well, what if it happens? Then everything will be worthless. Whales who have large amount of crypto investments will lose their money, people who sees crypto as a way of earning will lose their hope and everything that uses/accepts cryptos will lose their faith in it. Everything will be useless, but of course it will only happen if internet or electricity will be cut off worldwide which is impossible.
This is too far from reality at least it never crossed my mind. The biggest scenario might be an Internet connection dies, but what kind of thing that makes the internet worldwide dies? even if the Internet dies (which I don't think will happen soon) some people still have bitcoin where they keep them offline (paper wallet, USB, etc) so it will not disappear. As long as people keep their private key safe especially in an offline wallet then it will exist.
Well, I’m not trying to say that such thing happening is not possible, but I can’t imagine how it’s going to happen. Bitcoin doesn’t have a central control, it’s a decentralized currency that is spread across several computers, so that makes it difficult. We can predict the future from the data of past, this way bitcoin will survive IMHO.
There is nothing like a particular Bitcoin guys that can come out tomorrow and scam everybody, it’s not possible, everyone controls their coins. You can download and store your coins in a cold wallet and no one would be able to access it. So I don’t really know how cryptocurrency vanishing is going to happen.
There is nothing like a particular Bitcoin guys that can come out tomorrow and scam everybody, it’s not possible, everyone controls their coins. You can download and store your coins in a cold wallet and no one would be able to access it. So I don’t really know how cryptocurrency vanishing is going 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?
Will this ever happen? this is because this same question can equally be put this way. What if there is no more internet again? will this ever happen? my answer is NO but if eventually happens all the investors and people who are holding crypto currency inform of their wealth will all lose their money and they will have no option other than to start a new investment. only one thing makes this possible, namely the loss of the internet, people will certainly panic, but the internet will always be there, even today many people depend on the internet.
There's no assurance even though with huge businesses and strong pillars of foundation collapsed. Cryptocurrency is a form of business, so don't expect it won't be backrupt. If there's a possibility that crypto will be totally out of the track, and that one world order will be implemented and crypto would be removed out of consumption; that's the time crypto vanishes so bad.
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?
Will this ever happen? this is because this same question can equally be put this way. What if there is no more internet again? will this ever happen? my answer is NO but if eventually happens all the investors and people who are holding crypto currency inform of their wealth will all lose their money and they will have no option other than to start a new investment. only one thing makes this possible, namely the loss of the internet, people will certainly panic, but the internet will always be there, even today many people depend on the internet.
it wont vanish easily ? but it will only vanish slowly ? not either .slowly decaying value yes but not to the point of reaching to zero and not recovering anymore . also if government ban crypto , crypto will not be vanish but it is still the same as it vanish if you are living on those country that ban cryptos . internet will dissapear yes because internet is important and most part of our life wont function if it will stop working but cryptos ? cryptos are not that important as internet because we still have many alternatives out there .
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