Post
Topic
Board Economics
Re: What if crypto vanishes?
by
MuffinMaster
on 07/01/2020, 21:55:55 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?
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.