Quote from: coupable on July 11, 2025, 06:45:43 PM

Quote from: DanWalker on July 11, 2025, 04:25:12 AM

Quote from: coupable on July 10, 2025, 10:56:00 PM

Quote from: DrBeer on August 26, 2024, 11:36:21 AM

If cryptocurrencies disappear - how will your life change ?

This is called an impossible hypothesis since the didn't explain how it could happen. The only possibility is that the internet and electricity go out across the entire planet, possibly due to a meteor or a collision with a neighboring planet, and we lose all the servers that hold copies of the blockchain. If someone can explain how this scenario could happen, I can then consider how not just my own but all of our lives would change.

The scenario of crypto suddenly disappearing completely is impossible, there is no viable reason or hypothesis that suggests it could happen. But a major collapse like the tulip bubble or the dotcom bubble is possible and we should not be too subjective.

Although there is a huge difference between dotcoms and bitcoin, because bitcoin is a decentralized asset not owned by any company, and its value is based on scarcity and trust in its network. But what they have in common is excessive speculation, and this can easily lead to a major crash if speculators withdraw their capital en masse. That would certainly cause serious damage as well.

In any case, this doesn't mean that Bitcoin will disappear for one reason or another, even if it is still driven by speculation. In the current cryptocurrency market, there is no one performing better than Bitcoin, so even the scenario you mentioned is unlikely to occur unless a cryptocurrency emerges that is superior to Bitcoin in every aspect of efficiency.
I know that the current price of Bitcoin may be slightly exaggerated, but at the same time, I understand why. Therefore, the decline in Bitcoin's value does not mean that it will disappear or lose its value entirely. There is a market whose factors control everything.

Really that very hard to believe that we would be hitting up this kind of situation but we do know that there's always that possibility or probability that it could happen. It is just that very hard to believe that it would be replaced by into its top spot or would be that totally goes down into the rank and been that beaten up by other coins in the market on which just like been said that its almost impossible to happen. Now in speaking about disappearing then it would be also that hard to believe on which trying to look on how crypto deeply rooted now, then it cant disappear into something from snap. If there would be some isues that being faced like having those exploits or any related problems then there would be a crash but it wont be able to completely put up its price to $0. Its always been important that you should be having tons of back up plans because you wont be that having that kind of worry whenever these kind of problems would be that existing or could happen. Life changing situations would be that definitely be that depending into certain situations because not all are making money with crypto or something that would be significant. They might be that still earning but it wont be that enough for them to make a living or something that would be sustainable. Come to think that crypto's existence will be definitely be basing up into its usage or utility on which this do talks about decentralized and anonymous payment system that fiat do fail on doing so and this is the main reason on why it do get that much attention and recognition just because of this kind of utility. It did just that turned out that the attention do being divert out on becoming an ideal investment just because of its volatility and thats why it do become that popular when it comes into investment just because of this kind of chance that it do gives into those people who do made out such engagement. There are those who had changed up their lives completely just because they've been able to get in when it is that still cheap on which of course not all does have that kind of situation because there are even into those early adopters who had been ending up on regretting even up to now just because they weren't been able to hold up their coins and sold out too early but well theres nothing we can do about it into this case.