Topic: What if crypto vanishes? - page 7. (Read 3043 times)
For 10 years of its existence, have we thought that it will vanish? I don't think so. Cause even the government couldn't hold the continuous growth of the crypto market. It was clear that crypto is the future currency and besides, some big merchants and companies are already adopting the system which could provide them a better and faster transaction. That was amazing and for sure, many will come to see and use this in the coming days.
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?
The first problem is finding reasons why Cryptocurrency and the internet will be gone because if we don't have the internet we don't have transactions on Cryptocurrency, the internet is what makes transactions possible, so the question is all about the existence of the internet, and if that happens, I think there will be chaos among investors, as all their investment 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?
The first problem is finding reasons why Cryptocurrency and the internet will be gone because if we don't have the internet we don't have transactions on Cryptocurrency, the internet is what makes transactions possible, so the question is all about the existence of the internet, and if that happens, I think there will be chaos among investors, as all their investment will be gone.
There are no pensions or corporate or government money worth mentioning in it so it would have no repercussions on the wider economies
We don't know that for certain
Remember, it was the last straw that broke the camel's back. Or you can imagine something like a domino or even butterfly effect. While crypto itself may be insignificant (the point which I agree with), it still can serve as a trigger to larger effects and more dramatic consequences
Well, that can happen when the internet is no longer used, but that is impossible
The shutdown of the whole Internet is unlikely, but the disintegration into smaller networks due to a host of causes and problems is definitely possible, and its effects will likely be as devastating for the global economy if the integrity of the Internet is not restored soon enough
In the context of the real world it wouldn't matter a jot. A few million nutters would have their paper gains wiped out. That's it.
There are no pensions or corporate or government money worth mentioning in it so it would have no repercussions on the wider economies.
There are no pensions or corporate or government money worth mentioning in it so it would have no repercussions on the wider economies.
It won't happen but if there's gonna be case that it'll surely happen, then probably those countries that most of their company use crypto will start to decline for sure.
I don't see that it will have a major impact in my country though as it isn't that adopted that much yet. I don't see a lot of establishments primarily using only cryptos.
basically the possibility of this is very small, even non-existent. if crypto starts to be wasted, it will happen slowly. in addition, if conditions are like that, it will very clearly create panic, and a great fear of investors.I don't see that it will have a major impact in my country though as it isn't that adopted that much yet. I don't see a lot of establishments primarily using only cryptos.
Well, that can happen when the internet is no longer used, but that is impossible.
Well, what if it does not vanish? Lol
At least, you know it won’t vanish overnight. But I like that you want some imagination put into another angle of this.
I would have loved to not imagine it but…
Anyways, if it does vanish (which I don’t think), it will be a huge loss to many ‘investors’; So much crisis that I don’t want to imagine.
Let me leave it at that.
Vanishing of crypto currencies from the world is certainly a biggest nightmare for the crypto investors of all times. Nobody would even like to imagine it for a minute especially the ones who are the development teams of the projects. But if we talk about reality and consider real facts, bitcoin is never ever going to disappear and so will not other coins. These currencies still have to bloom at peak. At least, you know it won’t vanish overnight. But I like that you want some imagination put into another angle of this.
I would have loved to not imagine it but…
Anyways, if it does vanish (which I don’t think), it will be a huge loss to many ‘investors’; So much crisis that I don’t want to imagine.
Let me leave it at that.
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?
surely a lot of people will commit suicide and you will see the sharks will have no more voice. Currently, the number of people holding bitcoin and alts is large so when the market collapses, many people will be unemployed and debt. Besides, banks will lose the money they lend, because I know many of my friends borrow from the bank a lot and it can have a negative effect on the economy. of some countries, Southeast Asia will surely be greatly affected.That's really sad to hear if that will happen and I don't want it to happen to all of us, but so far we don't have any reason at the moment for the crypto to vanish so there is nothing to worry about, let's calm our mind and stay focus on our goal especially to those are just newbies in crypto, keep learning and continue achieving your goals.
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?
surely a lot of people will commit suicide and you will see the sharks will have no more voice. Currently, the number of people holding bitcoin and alts is large so when the market collapses, many people will be unemployed and debt. Besides, banks will lose the money they lend, because I know many of my friends borrow from the bank a lot and it can have a negative effect on the economy. of some countries, Southeast Asia will surely be greatly affected.
It won't happen but if there's gonna be case that it'll surely happen, then probably those countries that most of their company use crypto will start to decline for sure.
I don't see that it will have a major impact in my country though as it isn't that adopted that much yet. I don't see a lot of establishments primarily using only cryptos.
basically the possibility of this is very small, even non-existent. if crypto starts to be wasted, it will happen slowly. in addition, if conditions are like that, it will very clearly create panic, and a great fear of investors.I don't see that it will have a major impact in my country though as it isn't that adopted that much yet. I don't see a lot of establishments primarily using only cryptos.
Well, that can happen when the internet is no longer used, but that is impossible.
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?
How would all of crypto just up and disappear. Can another technology trump crypto, sure its plausible. In that case as with any investment in older technology you would lose it. But we are no where near the plateau phase of crypto let alone the sundown of it. Insane amount of money is being throw at research into crypto by some of the largest corporations out there...its here to stay.
What happens if cryptocurrency disappears overnight? Nothing happens. The internet does not get lost one night as well. One night at Bitcoin will not disappear. Bitcoin has already been trading in this market for 10 years. Bitcoin proved itself.
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?
surely a lot of people will commit suicide and you will see the sharks will have no more voice. Currently, the number of people holding bitcoin and alts is large so when the market collapses, many people will be unemployed and debt. Besides, banks will lose the money they lend, because I know many of my friends borrow from the bank a lot and it can have a negative effect on the economy. of some countries, Southeast Asia will surely be greatly affected.Yeah banks would just pile up the interest in case you've been stupid enough to borrow money to put into crypto. And by the time you get a job or a means of income, that's when they run after you without remorse. In general, i think the number of people who'll be largely affected is pretty minor. Up until this point in time, majority still don't own crypto.
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?
surely a lot of people will commit suicide and you will see the sharks will have no more voice. Currently, the number of people holding bitcoin and alts is large so when the market collapses, many people will be unemployed and debt. Besides, banks will lose the money they lend, because I know many of my friends borrow from the bank a lot and it can have a negative effect on the economy. of some countries, Southeast Asia will surely be greatly affected.
Well, what if it does not vanish? Lol
At least, you know it won’t vanish overnight. But I like that you want some imagination put into another angle of this.
I would have loved to not imagine it but…
Anyways, if it does vanish (which I don’t think), it will be a huge loss to many ‘investors’; So much crisis that I don’t want to imagine.
Let me leave it at that.
At least, you know it won’t vanish overnight. But I like that you want some imagination put into another angle of this.
I would have loved to not imagine it but…
Anyways, if it does vanish (which I don’t think), it will be a huge loss to many ‘investors’; So much crisis that I don’t want to imagine.
Let me leave it at that.
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?
surely a lot of people will commit suicide and you will see the sharks will have no more voice. Currently, the number of people holding bitcoin and alts is large so when the market collapses, many people will be unemployed and debt. Besides, banks will lose the money they lend, because I know many of my friends borrow from the bank a lot and it can have a negative effect on the economy. of some countries, Southeast Asia will surely be greatly affected. 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?
Even though what you're stating is impossible to happen, I think that would start a chaos and a great depression to many. Those that was built with the help of crypto would definitely collapse and the world economy will surely be affected too. Imagine investing your time and effort, even almost the half of your lifetime for it, then it suddenly vanishes, that would totally be destructive for sure. The whales will be the most affected ones considering the amount they are holding at the moment but still other investors would feel the effect too. 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?
People have lost billions and trillions because of dot com bubble and recession that hit the countries many a times. Losing billions of dollars to some economic downturn is not a new thing. It has happened in past and is going to happen in future as well. Many companies alone lost more than the total crypto market cap in 2008 recession. But the life keeps going on.
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?
People have lost billions and trillions because of dot com bubble and recession that hit the countries many a times. Losing billions of dollars to some economic downturn is not a new thing. It has happened in past and is going to happen in future as well. Many companies alone lost more than the total crypto market cap in 2008 recession. But the life keeps going on.
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.
everything can happen in this world, friends, nothing is impossible. don't you think that this cryptocurrency will exist forever. we must also prepare ourselves to lose crypto. Even though crypto has grown rapidly and some countries have adopted it does not mean that crypto will be safe forever. for example someday there will be a meteor that crashed into the earth will have an impact on the internet network if the internet network dies then crypto will also be lost.
but I never expected that to happen.
Jump to: