Post
Topic
Board Economics
Re: What if crypto vanishes?
by
shoreno
on 03/01/2020, 15:09:03 UTC
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.
basically the probability of this happening is 0%. however, people, today use crypto like money, and it's very difficult to see it disappear overnight. Even though it needs some obstacles, and others, but even like that, crypto is still quite difficult to disappear.
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.
For sure it won't happen, the technology is evolving and there's a lot of developer out there that are investing a lot of things so I don't think that the crypto will just vanish that easily, even if the government will ban it, still crypto will exist as we are in the era in the internet world, so there's no impossible for now.

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 .