Bitcoin Forum

I would like to let you to share your ideas about what if bitcoin falls?? Let others to know about badconsequence people have to face if bitcoin falls. Thank you Guyz.

attention - i am not talking about bitcoin's current price action . i know these are buying opportunities for investors . I dont mean about bitcoin's price falling . i mean what if bitcoin isn't exist , what if bitcoin wasn't created.

So what if it falls?

With all of those years that people anticipated its fall, it even became stronger. So should it fall then there will be the majority that will see the opportunity rather than looking at its actual fall.

I'll still hold and buy it.

I've got more trust and confidence now with bitcoin as it held stronger than any other assets starting from the pandemic up to this point with other issues of the world and crises.

Think of the Ath value of bitcoin. The price is close to $70k and what is today's price? $20k, What a difference between the ath and the present value of bitcoin. So, the price have fallen to reach the current price. During this time period what happened in the market. There is nothing big happened in the market. Everything is on a cyclic process as a result we're experiencing decline and can experience bounce back soon.

i am not talking about bitcoin's current situation bro. i know bitcoin will never fall. but if bitcoin not exist , what will happen ?

Why bother asking questions that actually have no use for discussion. For example, Bitcoin doesn't exist? the answer is that you will not know anything about Bitcoin, nor will altcoins and shitcoins be born, you will not make money in crypto, and maybe you will be a fiat slave forever. That's a typical answer, so what kind of answer do you expect?

depends on how it was to fall..

you are asking a very simplistic question wanting a simplistic answer even though there are hundreds of variables involved

EG
if you mean a catastropphy event where all nodes and miners went offline at same time where no blocks were made and no way to transfer ownership to do trades..
and it to never return..
well that would be an unprecedented event to have something that never returns.
you would be talking about if a solar electromagnetic wave wiped out all electronic devices/chips type of event.

peoples first concern would be their house electric/heating and water meters were not functioning too. no power no running water (back to Victorian era/wild west cowboy days)

if it were not a EMP event. and instead if it were a break in ALL cryptography where nothing is safe and wont ever be safe.
then bank accounts, debit card tap&pay devices, website secure payment gateways, phone calls and other tech would be in trouble. too
but while the world goes back to paper money and real people stood at a desk at a bank branch manually counting paper.. there would be no blockchains, where even internet would just be simple splash screen information stuff style internet of 1995(just prettier)
there would be no blockchain no bitcoin no altcoin.. just back to good old paper money again and no fiat gateway to do online fiat stuff. its all like everything went back 50 years. lets call it on balance of averages.. 1980's era lifestyle


if it were not that but instead just a backdoor bug in ECDSA/SHA.
that would affect other world devices too so expect real world (non bitcoin users) panic too. while banks and any smart device changes and does software updates

as for bitcoin
then thats just a wait for devs to change the algo's to then get mining and trusted transaction ownership signing/transfers to start again..
then thats a timescale to panic and then timescale to rebuild trust again. and how volatile the value change happens inbetween. (unpredictable to give you a number)
chances are that not everyone would trust it again. or take years to rebuild it to the levels that took years to build in the first place. in all cases too many variables to predict which path follows. probably an alt that never used ECDSA/SHA might become popular. but i dont think there is one that doesnt use ECDSA. so dont expect that to be the main path the future goes

if it were not that and instead a code bug local to bitcoin only.
chances are devs could backdate the node software. while keeping the latest block at last seen height. and eventually get things running again.
by which you are then asking about timescales and panic and rebuilding trust and confidence..
much more sooner but not minutes/hours to be "normal" but also not years of lost confidence either.
somewhere between weeks to months
the network may function again very very quick in minutes/hours.. or days at most. but the trust and confidence might take weeks to months.
some may just drop bitcoin to use an alt that never had those bugs. and some may see it as a success story about overcoming disaster and trust it more that the community is stronger then other projects by being able to overcome/fix a catastrophy

too many variables to tell

Then we wouldnt be talking here right now and there would be no way you would have a money that is independent from financial institutions and the government. There would be no alternative to the current broken system and no fix for it, because even if they would try to fix it, it would still require trust to work. You would be completely in the hands of some sociopath politcians, take canada for example. They could censor you however you want and freeze all your accounts forever, for doing a donation to a protest. You would have no real alternative to escape inflation. Authoritarianism would thrive even harder, without much to put against it. We wouldnt be here talking about decentralization. There wouldnt be many possibilities for an individual to stay self sovereign in all of this. This is our biggest weapon in not letting totalitarianism get out of hand.

welcome back to real world 2008
you just go to the shop, buy your groceries with fiat. and cry about how the financial crisis is just going to repeat again every 12-24 years where you then try to stash a bit of wealth in precious minerals underneath your floorboards and not leave too much in bank savings account incase of hyper inflation

Maybe more extreme and bs ideologies would emerge in some countries after these crises, because people are too dumb to actually understand the actual causations of them and then look for easy answers. Before Bitcoin it wasnt really clear to me how to fix the money, someone who isnt familiar with the concept of decentralization might not see that trust based models will always fail on a big scale. And they might be believing more control is the answer to solve these issues.

Then many would still go back to the same hard type of living without bitcoin. You know that many people have made their living better because of bitcoin.

It has given many of us the financial independence and also thought us a lot of things from finance, economics and other things related to money matters.

And to my life, I guess I'd be stuck in saving my money in bank having that 1%-5% per year that will also be lessened due to inflation and won't be forced to know about financial freedom

I think of it this way:
To make Bitcoin fall, a few things would need to happen. For some reason, price going to 0 and remain there for ever. A continuous network outage or a metheor to hit the earth and wipe us all.

Well, for price to go down, I don't even know what woul need to happen. There will always be people buying and selling.
For a network outage to b effective it would have to be kind of for ever, otherwise, as soon as a node could connect to the network, the network could be brought back up again and continue!
The other option is not even discussable! :p

So, I can't see Bitcoin falling without any other major events/catastrophes also taking place!

Falls?
Of course it would really be having that behavior because it cant really be called a market on the first place if it do just only moves up (impossible).
Falling of price does indicate two things whether its a normal market movement or something would really gonna die since people would be leaving or stopping on supporting it.
What if bitcoin doesnt exist? For sure we dont have crypto market as of this moment and if theres one then for sure the top coin would be always the origin
of all crypto just like on what people been seeing on BTC itself.

Deal with falling price and instead on freaking out then its better to see or look for these moments to be a good opportunity for you  to buy in.

Based on how Bitcoin has changed my life, I would say it would be a terrible time. It would be like going a decade back.

No trading assets as a retail trader
No purchasing items online using Bitcoin
No financial freedom (Being my own bank)
No transferring funds oversees with very little fees and without having to be spied on by financial authorities.

What if it doesn't?  What if this is the new global store of value that the powers that be use to resolve debts with each other?  What if this is a once in a lifetime chance to buy a Bitcoin before governments and big business snap them all up for themselves?  Sure, it might fail and we all might have lost a bunch of time and money chasing this dream of the separation of money and state.  I think we probably all learned a lot though and hopefully had some fun along the way.

You can ask what if it fails.  I'll keep asking what if it doesn't.

I am buying the dip. Aggressively. And again.

See the "Bitcoin Rainbow Price Chart". Find it on google. "Firesale" is on.

Admin. I wish imagebucket was not the enemy.(The chart comes with a code snippet so one can include it on ones own site).

Happens 1000 times a day. It's called oversold. Or overbought. Anyways. You got it.

I have TRX outperforming it on the side.

i think only you got what i asked. 🤩

I really can't see this happening, but if bitcoin were to fail it would basically take the whole crypto spaced with it.  If bitcoin dies, so does crypto as it is responsible for the rise of the whole cryptosphere.  

So you are asking what if bitcoin didn't existed at all or what if bitcoin disappeared? There is no question clarity in your statement and from your writing style it seems you are non native speaker.

If btc wasn't there we would we pressurized under the same Central chain of authorities and fiat revolving around the economy and most probably the altcoin scenario would not have existed also as they follow bitcoin paths after its success.So if you are asking something clear about it.

If it wasn't created, then we will still be in a same financial system where everything will be paid using fiat currency. We will still be in a financial system where the value of the currency we have is slowly decreasing and there is nothing we can do about it because it is the only currency that we have.
If Bitcoin didn't created or existed then it didn't existed or created. Is there any answer to it?

If Bitcoin falls then you said it already, people will buy but unfortunately, that isn't the case for most of the investors. Investors tend to be more scary and panicking right now instead of taking the opportunity to buy and accumulate Bitcoins at a cheaper price. Who are the ones that are buying right now? Large institutions, intelligent investors and those who are taking the opportunity right now.

I'm pretty sure the current state of Bitcoin will not be destroyed until the world collapse,  If there have such an issue, we could have seen it long ago. We can trust it’s high price volatility that can be much reduction . Since this is a trading platform, it is not uncommon for this to happen. So I’m not willing to think about impossible supposition. Where I always dream of holding BTC.

Do you mean what people will do if bitcoins will lose their value? or it might not be useful in the future anymore? Well, these kinds of speculations are just mere delusions by those critics who continue to find ways to criticize everything about bitcoins. Bitcoin nowadays already made its historical massive popularity all around the world and most people know how important it is to have bitcoins as their assets to avoid the banks from getting control of their money. Bitcoin will move forward and the price will not allow it to fall, volatility will remain until it reaches its maximum price and it will stay there like stablecoins.

Bitcoin will never fall, in the current future price of bitcoin may reach its bottom but considering the technology behind Bitcoin and its current implementation in businesses clearly indicate that Bitcoin will create history by reaching ATH.

Since Bitcoin's launch, there were many times, many entities have had rumours about its failure, But to date, Bitcoin has proved its existence.

This is a hypothetical question of a philosophical nature, such as if cars did not exist and were not invented what would have happened? Nothing will happen. People will simply find a way other than horse-drawn wagons to get to distant places more quickly.
 Same with Bitcoin. If Bitcoin didn't exist and wasn't invented, people would simply have found something else more sophisticated and dynamic than paper money and the banking system.
 Life is progressing in only one direction, it is changing and never stops. There is an existential inevitability that pushes people to constantly evolve for the better and faster, so if Bitcoin did not exist, something faster and more advanced alternative would be invented than paper money.
 But simply bitcoin exists and this question makes no sense.

If Bitcoin wasn’t created, for sure until now I would still be struggling with my life and remained a disappointment to my family. I would likely gonna end up being forced to take a civil service exam and applying to work for the government just to earn minimum wage.

And worse, I would still end up having a lot of debt if Bitcoin wasn’t created. It would be very hard for me to see Bitcoin and the entire crypto market disappear. I would be in total despair since this industry has saved me from financial distress. Even if I was hacked $12k+ last time, I am still very happy right now of my current position as I am in good hands and getting closer to being fully recovered.

If bitcoin does not exist people will still be trading their forex trades and all other stuff, if bitcoin does not exist you won't be in this forum, if it doesn't exist you won't know anything about altcoins, to me I don't think that the question is necessary because its a pretty straightforward question, because nothing will happen if it does not exist, people will definitely find another means.

Why would you think of things which are impossible to happen. Bitcoin is here and it will continue to exists. So there is no point spending time on things which aren't possible.
Prior to 2009, there were no bitcoins and hence you need to see the history on how was world without bitcoins.

Honestly without bitcoin my life probably wouldn't be as easy as it is now, I don't own too much bitcoin but with what it is helping me earn and accumulate in the long run, crypto and bitcoin are helping me get through a time when goods and necessities are increasing in price day by day. I would probably have to work from 7am to 12pm to support my family if I didn't have a job in the current world.

I have not accumulated too many bitcoins for myself yet but I will work harder to keep more bitcoin, I believe I can have a better life if have more bitcoin in the future.

Okay, let's assume that Bitcoin will fall and die, then the entire crypto market will dissolve and all the investors, holders, and traders will lose.
I think that was really the outcome of that situation.

But yes, we argue it won't as we believe that Bitcoin will survive and exist in the market for many years.
Honestly, I'm not really considerate with that "what if" and any market assumptions. Because the fact is that nobody will take risks and put a huge amount of money investing in a project that has no assurance but they have as people are being optimistic about Bitcoin, about cryptocurrencies.

I believe you were already living years before Bitcoin existed and you know how your life was then. Outside Bitcoin, people have lost a lot of money in different Investments and some were affected negatively and others moved on with their lives and invested in other things. It wouldn't be different with Bitcoin if something like that ever happens, were you expecting the world to come to an end? And if Bitcoin hadn't existed at all from the beginning, we wouldn't have known how we would feel cos we never experienced it.

If Bitcoin would have never been invented everybody would go crazy on other stuff.

Probably PSA10 Pokemon cards or CGC 9.8 comics :)

Op questions looks very funny to me, if bitcoin doesn't exist or if bitcoin falls people will continue saving their money in the bank instead of investing it in bitcoin , if bitcoin doesn't exist saving money in the bank won't add any value,  it will be just waste of time. If bitcoin falls many people will missed bitcoin because since the existence of bitcoin many have benefited from bitcoin so much.

What you say is very true because bitcoin is something that everyone dreams of.
And they also never would have dreamed that bitcoin would crash eventually.
Everyone has had a change in their life while recognizing bitcoin, therefore they will continue to hope that there will be a miracle for bitcoin in the future.

That's not a simple question to ask what if bitcoin was never created and there could be many alternative projects and many other people could create something like this because at the moment when you realize the governments are having too much control over the people founds and there is not any privacy for people, this demand could make some people find some alternative ways instead of bitcoin, but to be short I guess you should the world situation back in 2018 when we have much more traditional economic systems to get your answer.

If bitcoin falls, I'm curious how much the price will fall because it will obviously make many people panic and sell their bitcoins fast. They will no longer care about bitcoin and want to leave bitcoin forever. But those who understand bitcoin's potential for the future will definitely take advantage of the opportunity to buy bitcoins at low prices. Likewise, investors will do because they see a great opportunity to buy bitcoin at the lowest price.

I want to believe you are asking "what if Bitcoin fails"?, well, to this, i will honestly tell you that Bitcoin has gone to far to fail, if you were asking this question in 2010 or 2011 or even 2012, then i would have said "if Bitcoin fails, we all will forget about it and move on with life", but asking this question in this year 2022 with all that Bitcoin have achieved so far is kind of absurd, but i understand that as a newbie, you probably need some assurance from the community and i believe you gotten it, Bitcoin can not fail, it has gone too far the fail, a lot of reputable businesses around the world now accept Bitcoin payments, if Bitcoin was a joke that will in any time in the future fail, this businesses having done their due diligence before deciding to accept payments in Bitcoin wouldn't have .

Members are answering wrong because you input a wrong title.

Then we won't be talking here. We won't even know what Ethereum is and so on and forth.
We will have to wait when a Satoshi will be born and that may take a long time for a genius to come out or be born. What's worse that could happen?
Centralized coins will be the first born and we won't even wish a decentralized one or we won't even have any idea about it.
All government property, all in their control, no privacy.

Bitcoin failing is too ambiguous to believe or to understand the particular method that will lead to Bitcoin failure.

1. Do you mean that blockchain technology will fail? Is it possible that blockchain will fail? It therefore means that computers will not exist again, the all the coding languages will disappear and then no one will be interested to write codes again.

2. Do you mean that all the miners will shut down and there is no one to sustain the PoW protocol of bitcoin. No one will confirm transactions and no one will run a node again.

3. Do you mean that everyone who owns bitcoin now will sell all to fiat immediately and if yes, who will buy the bitcoin that they will sell to fiat?

Let's stop this bitcoin failure of a thing. It is totally impossible for bitcoin to fail, but rather it can be transformed as the future unfolds.

If Bitcoin is not created there will definitely be another form of digital currency because the idea of Bitcoin has been researched by some universities before Satoshi combine everything together with his own concept which is what lead to the Bitcoin we see today. However, if E-gold was not shut down by the US government it could probably be the digital currency people will be using now if it's decentralized and no censorship.

The question is what if you weren't born. Then who will ask this question? Likely someone else, so if Bitcoin weren't created, then something else would create. Who knows there wasn't a better idea than Bitcoin and it failed? Who knows if Bitcoin replace or update with something else with a new coin or feature? So this type of question is really unrealistic. It's quite impossible to stop Bitcoin right now since nodes have been saving a lot of devices and miners working to mine Bitcoin.

E-Gold or Bit gold was first initiated by Nick Szabo and in the end, only Bitcoin managed to escape the termination or ban on e-government because it is anonymous and can more easily move freely without control. However, the OP here is asking a question that is a bit messy to answer. So no rights can be taken away, it's just a question that can be answered when the OP isn't really born.

Agreed, even before the innovation of bitcoin similar concepts were tried. But, those didn't reach the usage and acceptance. During the beginning days bitcoin was distributed free of cost. The technology that backs bitcoin made the evolution and in between something happened and bitcoin got its value. In such a way things progressed with time, if this hasn't happened surely something else could've been dominant in the same market with a different name.

If that is what you mean then you should also change your title because it seems not right. How can someone fall if it didn't exist in the first place? But, since btc is already there and if let say it collapsed, go to zero and boom completely die then what can we do? I guess people will just emote, cry a bit and then eventually they will learn how to move on but I believe that there will be a better replacement after it. That's how I think stuff works in this world.

About when bitcoin didn't exist, obviously there will be no bitcointalk and I am not on here. I think I was still very active on the non crypto forum that I've been using before I know this forum.

It's not distributed, but mined.
Free of cost isn't entirely correct too, but we can say it's cheap as hell since you can mine many Bitcoin with just old CPU in the early days.

Another misconception, Bitcoin isn't anonymous, but pseudonymous. Pseudonymous is when you can still see any transactions that recorded on blockchain, but you just don't have any idea who own those address. If you want to see anonymous coin, take a look on Monero.

That's a difficult question, if bitcoin would stop to exist today than probably ETH will take its place as the new leading crypto currency. The crypto boom has already happened and there is no way people would go back to a world before cryptos. The demand is still strong for an independent currency that is not influenced by central banks.
Things would be a little different if there was a time machine to go back in the past and prevent bitcoins from ever being created. Without bitcoins we would not have the crypto boom and it would need someone else to invent crypto currencies. Who knows when this would happen, it could be in 20 years after the next big financial crisis. It took so many years and a lot of work for bitcoins to become mainstream that the success  would not be guaranteed if we had to start from scratch.

It's very confusing on what is your actual intent as both the first compound sentence as at above and the second contradicts themselves a little bit.
You saying,

"What If bitcoin falls" to mean "what if bitcoin wasn't created"...

It sounds confusing.

Although the point remains that,
Should bitcoin fall as per price value due to its volatility, then there would be loses and gains that investors have got to live with. Its the wa it is about investments. One investors lose is another investors gain. How you chose to handle it is entirely up to you depending on the side you fall.

On the other hand, what if bitcoin was never created... Life will go on as its always been before 2009. We would just be battling inflation and surviving alongside with the government while hoping on something good from the system.

if bitcoin is not existing nothing will not happen. Bitcoin just created and it is not up to twenty years Bitcoin is created and without bitcoin being created they will not be problem because people were making use of other digital currency and especially Gold currency were existing before then and that is why bitcoin introduce and get firm because it tendency is higher gold, because people were banking and investing with Gold before now

If bitcoin doesn't exist, and because bitcoin is a digital currency. And I don't think anything bad will happen and will probably stick with fiat as usual and also invest in other investments before bitcoin was around.
and the most striking thing before or after bitcoin was around, probably many people who have no income or as a side income and also new rich people around the world. Bitcoin is a savior for those who have no income or can live depending on bitcoin like me even though I have a steady job I feel my income is still not enough to make ends meet, and what about those who only rely on bitcoin and I also can't imagine if bitcoin doesn't exists because bitcoin can make my life better, safer and more comfortable while using it and also freedom.

and if bitcoin falls to me it doesn't matter because it will definitely rise again the most important thing is to be patient, and even i will use it to buy it and hold it for long term.

Given that the op emphasized that the question is not about the price but about something like Bitcoin stopping to exist, I think it's an unlikely hypothetical situation. If we just woke up tomorrow, and there's no BTC, it would be at the top of the news, people would probably panic sell all their other cryptos (at least, the majority would), fearing that a similar fate awaits the rest of them, and many would be devastated, but for the vast majority of the world (who never used Bitcoin), it won't mean anything. If there's a reasonable explanation why it falls (apocalypse and the Internet is down or a breakthrough of quantum computing making Bitcoin keys a thing you can get with new computing power), then the effects would depend on what exactly happened, whether other cryptos survived, and are the cryptos the biggest concern at a given point in time.

If it so happened that bitcoin would stop exist, then I'm not sure that ETH will be able to take the place of bitcoin and I don't know how cryptocurrency will be trustworthy about after thet. All such bitcoins are number one and if something happens to it, then everything will change, if it happend with the strongest coin, then what can be expected from the rest of the coins...

E-Gold was created by Douglas Jackson and Barry Downey while Bit Gold was introduced by Nick Szabo as it was never executed. Some people still believe this is one of the idea Satoshi added to his when he create Bitcoin.

Bitcoin is pseudonymous and it's never anonymous. The reason why Bitcoin escape government termination is because of it consensus, decentralization and no censorship.

The thing is that we have alot of people independently running a race while the first to reach the final destination gets the reward and fame, Satoshi is wise enough to put his efforts into action, i don't blame him as well because he has spent alot of years developing himself on research about bitcoin.


That is for sure, there will be an alternative to that if bitcoin was not developed, that may not necessarily be the e-gold as mentioned, it may be another idea entirely but the fact remains that we will keep moving on with the advancement of technology as it evolves, now the meterverse is coming up, what should we expect than adoption.

The worst consequence of a bitcoin crash is that the equity value of your asset in dollars goes down, that's all. I don't think everyone should worry about bitcoin prices crash so they should trigger more sell button than buy ones, while the best option is to hold on and try to do a DCA if you have funds to spare. There is no reason to tell others to hold on when the bitcoin price crash while they are responsible for the gains and losses. They have to learn about how the market works for them because we both seek profit in the market.

If so, then questions like these are never there to answer.

I believe that there will be another cryptocurrency that will exist.  I believe in the saying, that what is bound to happen will happen.  If you look at the history of cryptocurrency, Bitcoin isn't the first one to be created but Bitcoin became popular because of the idea of a decentralized blockchain.  Bitcoin is powered by blockchain so basically, if Bitcoin does not exist, others will take the Bitcoin slot because of the existence of blockchain.

But if blockchain does not exist I believe Bitcoin as decentralized blockchain won't also exist.

^ I believe cryptocurrencies do not exist.
BTC was given a true meaning of decentralized and altcoins were alternating it to find a different way than BTC does not have.
You cannot even change the code of BTC, so therefore blockchain also does not exist in its world and there are no cryptocurrencies. We are still relying on the government and we are not free when it comes to financial system which only BTC can give.

If your case is how if Bitcoin really falls and cannot grow again or it means that Bitcoin is dead, so the cryptocurrency may also end. Or if Bitcoin is not even created, there may be no cryptocurrency, or there may be such technology similarly to cryptocurrency but not called Bitcoin or cryptocurrency. You know this is likely anyway if Bitcoin was created and we wouldn't know what if it wasn't created. Maybe the conditions will be normal like when we didn't know Bitcoin.

I agree that it is not going to fail at all. There is no logical argument about something that reached about 2 trillion dollars (all crypto) to be zero. Sure there are times when it goes down, but there are times when the market crashes in anything. We have seen oil to be negative ffs, that is more than enough to see how it could be done.

At some point, you would need to literally pay to sell your oil, does that make any sense to anyone really? Like if people told you to sell your bitcoins.... and PAY to do it? This is why it makes sense to me that in the end result, bitcoin is one of the most trustworthy ones, and sure it could have bad periods, but it is going to be awesome.

in my view, if bitcoin does not exist or is not created, right? there will be no bitcoins ? and it will have an impact on the current economy, especially for people who are interested in buying bitcoin or rather investing by buying bitcoin, a simple example like this in this part of the world, many people who are not physically normal but because they think they are very interested in bitcoin finally start investing in bitcoin and many successful. doesn't it help with bitcoin? try if they don't exist, maybe they won't be helped? With bitcoin, it helps open up opportunities for those who are interested in bitcoin and make business easier.

This is easily one of the dumbest topics in this forum. Title itself is misleading and op is asking nonsensical questions. So many people in this thread thought that he was talking about BTC price falling and replied accordingly.

My advice for op is to try hard and improve his brainpower in order to avoid asking such silly questions in the future. Just my 2 cents.

we will not know what will happen to bitcoin in the future. but what I know is that bitcoin will continue to be bought when the price dumps and will rise again until the price reaches ATH



the answer is quite simple. if bitcoin falls it's unlikely to happen. because every bitcoin dump there will always be investors buy bitcoin and get the opportunity to buy at a low price.
so there will be no possibility if bitcoin will fall



question is a bit silly, but i will still answer it


you don't have to think about what if bitcoin didn't exist and what if bitcoin wasn't created. what you have to think about is that bitcoin still exists from 2009 until now and is already known in several countries as an investment tool

At this stage of adoption of Bitcoin?
13 years of existence,
nearing regulation,
the only solution to the old finical system,
Bitcoin is the evolution of money and I don't think that is gonna be that possible to fall at this point in time rather more and more innovation will come out of this space.

But if that case should happen I only give it (1% )percentage chance.
1.Is that a lot of people are going to loose money
2.People would find it very difficult to believe in any form digital currency in the future

Then we dont have this kind of investing opportunity. We dont have Bitcoin to store our assets and most especially we dont have this digital currency that can works as an alternative to fiat as payment system. If Bitcoin didnt exist we're not here talking about crypto and probably our money are still in banks and we're paying everything in fiat. Its the opposite of what we currently experience today, just imagine that and you'll know.

If the things goes bad and Bitcoin fails, then bitcoin owners will get most valuable experience in their life. With time, something similar to anonymous payment system will appear, and those who were familiar with Bitcoin will be the first who will become billionaires, as they will be the first to invest while "new thing" cost nothing and are experienced to wait for couple of years and are sell at ATH.

I never thought there would be a fall in bitcoin. although the possibility exists. but if you look at the history of bitcoin from year to year then I only see bitcoin getting stronger and fud getting less and less influential on it. now the price may be down but today the decline is not only in bitcoin but in all sectors of the economy. there is even a country that fell recently namely Sri Lanka. which the president even fled.

but you say what if bitcoin doesn't exist? then I'll answer, if bitcoin didn't exist then you and all of us on this forum wouldn't be in this forum right now and creating a thread here on bitcointalk. even I question whether this forum whether there will be.

and if bitcoin is never created then the gap between the rich and the poor will widen. because after all, through the presence of bitcoin, many have been helped. and it is through the presence of bitcoin that online work is appreciated. I still cringe when bitcoin doesn't exist and imagine financial slavery controlled by certain institutions.

Agreed! There were many concepts that were getting rooted. If it wasn’t bitcoin, something else would be there.

don't worry, let's go back to 2008, or before that we went back to fiat and depended on the bank that gave us the burden of the discounted funds we had for admin fees,
as we know the decline in bitcoin prices will definitely increase later but we don't know for sure when, for now just follow the flow of the cycle until it reaches the peak like in 2021 yesterday

This explains the story about Bitcoin creation but I don't think Satoshi that a huge amount of years of research about Bitcoin because some universities have already developed the concept and debated it while Satoshi digested it and added his own concept.


You have a point because people are coming up with new concept every day, and the world especially innovative concept enthusiasts are ready to support technology that solves recent or future problems.
Having said that, Metaverse has been in existence before the NFT, P2E join the cryptosystem but it didn't get the support of people until Mark Zuckerberg make a statement about it. For you to be sure do some research about Metaverse projects like Spheroid Universe.
 

I don't think, Bitcoin will fall at this point because many people thought that bitcoin will fall during the pandemic that took over 1 year and some months in the world. And many countries economy was collapsed but Bitcoin is still standing strong for long term investors and short term investors to believe that decentralized currency is different from centralized currency. You need to have a good thought about Bitcoin, because before many countries started adopting Bitcoin they have carried out different research to know that Bitcoin was created to eliminate errors from the world economy and reduced employment from the world.

That means your subject and the above mentioned questions are not tally together. That is, they are not rhyme. If bitcoin has not been existed is different from what if bitcoin fall? Now if bitcoin has not been existed or noticed by anyone, then Good would have provided another alternative for the world. That is, that another thing would have been introduced by God. According to the "Holy Bible", nothing is new and nobody can do new things, that means, everythin has been programmed by God to exist. So we would have done another thing all together. And based on your real question you asked "what if bitcoin fall"? Bitcoin is a decentralized digital currency which is not controlled by anyone but the wealthy still have a say in the market. Based on that, they can buy a large quantities, and store it to make bitcoin scarce in the market and at that time bitcoin price would go up, and when they released a large portion of the bitcoins stored in their custody, the market would come down as bear market. So these are some of the differents of your question.

The fall of bitcoin can never become a permanent feature. Bitcoin is not a currency, its a technology and, its adoption is only going to increase with each passing day. Why? Simply because it is a more safer and efficient way of transaction of your money, than fiat.. So even if it falls, hodl it and buy it, because the storm will pass, as it did before.

Am kind of suprise when I saw the topic and I notice that the topic is entirely different from the write up. In the topic he said what if bitcoin fails and in the write up I saw what if bitcoin those not exist. I think before you create a thread you should think about what you want to post and also look for a better topic for the post.
Actually I can't even imagine what will be happening currently if bitcoin those not exist because am sure this forum won't be created and I won't meet the friends which am having on the forum, Bitcoin have help lot's of people gain financial freedom, I used the money I make from trading bitcoin to pay my tuition fee in my school so without bitcoin I don't knw what will have happened.

No correlation between the topic and the content. What's there to be afraid of bitcoin falling? Sell and buy back if you believe or afraid it will fall. It will rise so am not bothered about it falling. Dosent exist means its no longer valid so this is kind of different. Meaning if possible there won't be anything like Bitcoin or cryptocurrency. At this stage I don't think it can such. The only time that such narrative occurs is during bear season. Nothing to panic about.

As for those that understand the logic behind the move in bitcoin price they make profit out while others realises failure through the impact of the covid 19 pandemic using fiat, if bitcoin could not tune to the economy system in fiat and yet not been affected by inflation and covid 19 pandemic all through this while, and also no any failure recorded throughout the 13 years of bitcoin existence then i believe it's a currency everyone should learn to use for a rescue from danger in fiat.

I agree, besides the question doesn't really make a lot of sense because Satoshi created bitcoin by putting together several concepts which already existed, this tells me that something like bitcoin was about to be created by someone, and even if Satoshi did not created bitcoin someone else could have created something similar, the difference is that we do not have any way to know if that hypothetical coin will be as good as bitcoin or if that person will be generous enough to make the code open source and give bitcoin to the world instead of keeping it for himself.

LOL.. If bitcoin doesn't exist then this forum didn't also exist at all and talking about what's good and bad, and other news about cryptocurrency. Satoshi Nakamoto made an interesting and useful invention that actually helped all the people around the world to get themselves safe from inflation, also SN made us a whole lot of new options to choose where we could invest our spare funds rather than just letting it sit in the bank and viewed as a dead money.

if bitcoin didn't exist, the government of china would have less headaches, they wouldn't have to be making nonsense comments about bitcoin, there wouldn't have been many scammers, there wouldn't have ICO, defi, and so many projects (most of them meaningless), there would be no mining, no exchanges, no altcoins, man there would be so many things that would not exist. just thank you that bitcoin exists and buy and earn money from them

Same here to be honest, I wonder just about how much it would be sold for and how ready traders would be to quickly sell off their assets out of fear or disappointment.

But one thing is certain about any fall, though the chances of it happening are very slim and that certain thing is, there would be some expert traders and big time investors who with courage and belief would rather take opportunity from the situation rather than panic. They’d rather buy and accumulate as much as they can with the hope that after a fall, comes a rise! Especially since it’s Bitcoin we are talking about, it can surely rise back.

What do you mean by fall ? I mean the prices can decrease sometimes but it is temporary.

You're right, bitcoin main intention by Satoshi is to make everyone have a decentralized network that is within the reach of everybody to make use of in the economy runnings but sadly enough many has taken this for the doings of evil through their personal desires, there's no doubt bitcoin is the eye opener to all other cryptos and either with bitcoin or not scam has been in existence and will hardly cease to exist although it might not be in bitcoin but scam is totally inevitable.

Bitcoin fall is a decrease in the value of Bitcoin. It generally happens when there is a large sell-off of Bitcoin, and can often be precipitated by news of a negative development in the cryptocurrency industry. For example, a major hack of a cryptocurrency exchange might lead to a sell-off of Bitcoin, which would then cause the value of Bitcoin to fall.

Nothing on this world would be having no risk or something to be permanent.Even though bitcoin does have its con's in regarding with its anonymity and decentralized aspect but to mind off generally that we are indeed

having that kind of benefit out of those things and thats what make Bitcoin as the main coin or in top ranking over a decade.If it falls then it does indicate that it had failed into its primary purpose
but its really hard to believe on for that thing to happen but well everything cant really be sure.

Whenever you had step your foot into this market then always consider on having that risk management and you would really be needing that.

If bitcoin falls, I guess people would lose faith in cryptocurrencies. The whole crypto market would tank and I am sure each and every crypto currencies would also follow the same fate and end up dying. Crypto currencies would become a thing of past that has failed. People will try to create something new out of it. A better product that would circumvent the problem that made bitcoin fall.

Then change your title and replace every "fall" with "didn't exists?". Why not see how life was before bitcoin was invented?

It's hard to imagine bitcoin failing now with what it's accomplished so far, accepted and used more and more widely by companies and countries around the world...But assuming bitcoin will fail, surely someone will create something similar to bitcoin and fix the disadvantages that cause bitcoin to die.

Bitcoin has brought us financial freedom, privacy,  and that need is getting more and more attention because the government has taken away our freedom for so long. so if bitcoin fails then man creates something like bitcoin.

What if the price of Bitcoin falls? what are you going to do Moreover, we all know that the decline in the price of Bitcoin cannot be stopped in the market because of volatility. Supposedly, part of the price drop in the market and that is only normal when you are in the world of Bitcoin or crypto trading.


The problem is made that Bitcoin right? that is why he exists today and there has even been an increase in value from 2009 until now which is more than 20k in price.

There are a few scenarios that could play out if the price of Bitcoin were to fall. One possibility is that investors would simply sell their Bitcoin and move on to other investments. This could cause the price to plummet, as there would be less demand for Bitcoin. Another possibility is that investors would hold onto their Bitcoin, hoping that the price would rebound. This could lead to a stagnation in the price, as there would be less trading taking place.
Of course, no one knows for sure what would happen if the price of Bitcoin fell. However, it is important to be prepared for all eventualities. If you are invested in Bitcoin, make sure that you are comfortable with the risks involved.

Its quite unclear and cant be predicted that bitcoin shall fall, but what i would suggest is that you need to follow the market trends, and that particular cryptocurrency, which you intend on buying. You have to keep in mind, that the market is volatile, hence an investor must be able to bear risks when he is investing. But, once the cryptocurrency value increases, you can either sell it or withdraw it, as per your convenience

To visualise 2022 as a time when bitcoin didn't exist, we would have to remove all the growth, impact and prosperity that bitcoin has caused. Bitcoin demonstrated the way wealth and commerce can be decentralised. The extraordinary potential of blockchain would have also not come to the spotlight and would have been much delayed if bitcoin didn't shoot up to fame. Other cryptos, the P2E gaming model, and all the other incredible innovations would have also been much later or not even explored. There will be much more financial constraints and like someone said, it will set us a decade back.

The bad consequences of bitcoin falling and continue to fall for those people or investors who invest to cryptocurrency, the worst that is going to happen to them is to lose all the cryptocurrencies. I believe that Bitcoin can never fall and die off because the technology used to build cryptocurrency is something that is very confusing to people not to know the secret behind it development and recorrection of the the technical development. Bitcoin can not fall to be crashed forever and if it will happen it's not something of this year.

I think that this question is not a good one at first, no one can predict the trend of Bitcoin, I will always believe that Bitcoin can develop better.

If it wasn't for Bitcoin, I think I'd still be focused on studying without any income, or I'm really active playing online games right now, Bitcoin has made so many changes for me, and those changes are really good for me because I can now help my parents, and I can now buy the things I want and need. This Bitcoin has changed lives

If bitcoin falls then it will rise again,
and if bitcoin didn't exist then you and I wouldn't be on this forum writing this question. ha ha ha ha

if you review when bitcoin has not been created, then actually there are many people or maybe some people who want to create a digital asset like the finney thing. so even if bitcoin was never created there would still be something like it.

and if bitcoin didn't exist then the entire wealth and economy would remain under the control of the ruling central over there. and we will only be chess pieces played by the rulers.

and if bitcoin didn't exist there wouldn't be many billionaires today.

and if bitcoin does not exist then online jobs will remain sidelined and isolated. and it wouldn't be the cool job it is today.

and much more. which would be tedious to express it.

Honestly, I don't want to speculate because I still believe that bitcoin won't experience that. Even if a bear market occurs I believe bitcoin will hit ATH in the future.
But if I'm forced to say that, I think it's no different from what other people say. Loss, losing money is something that is certain, or even at a higher level that is psychological.

To date, bitcoin is the most reliable coin in the crypt, and if it happens that bitcoin falls, then the trust in all cryptocurrencies will drop very much. I can't believe it will happen and what's the point? I read somewhere some a crazy idea that everything that exists now will collapse and another new coin will replace bitcoin that will replace everything, it’s hard to believe in it and who will believe in the crypt if there is no bitcoin...

For me, big investors have a big value in their bags because that's what they can afford to lose. Bitcoin also is the most secured of all and with big hopes that it will last. If bitcoin falls, there will be always a bright side and dark side of it because those who've gained help because of bitcoin, have been very grateful for this coin. While on the other hand, newly starting investors will accept it as lesson.

There is a possibility of a fall in the price of Bitcoin but that doesn't mean that when that happens everyone who invested money will fall but that will only affect the amount that was invested by every investor. The price of Bitcoin has fallen several times and the bad thing happened people lost money and there was panic here and there but Bitcoin rose beyond the imagination of everyone and a lot of investors made x5 or x3 of their investment also so the consequences of a fall in price is lost of some amount of investment while and increase In orice is the opposite of a fail in price.

Even if you look at it now it can be interpreted as a downfall for some people especially with those who are new to bitcoin and invest in higher prices.
They should have known by now the worst risk there because they had already felt this. As for the old people, although there are still some concerns, it seems that they are more in control because they have experienced the same thing before, maybe even worse.

There's not much room left for falling. Bitcoin very rarely reaches levels below 80% of the all time high. Nowadays it already went down 75% in that last big dump end even combined effort of Luna, Tesla and some other funds did not make it correct 80%. If you're afraid of another 10% fall from 17.5k which would be around 12k, don't buy it because that can happen, but for most current holders it's going to be an opportunity to get more.

It is true that correction on crypto is a common thing. We cannot say that price will increase only or decrease only. There will be up or down in the crypto market. We have to adopt with this situation.

If it falls then it falls. I always curb my expectations in the bear market and thanks to this I can face the negativity should it come.
When we fell below 20k I knew this is as much blood on the streets as it gets and fear&greed index confirmed it. We were at one of the lowest levels in history.
That said, next year is going to be like 2020, a slow but sure recovery. If you have some fiat money at hand, you better be ready.

when bitcoin falls or no longer exists because the circulating supply cannot be accessed or disappears from the market and crypto, there may be a shift in the role of coin number 1 in the market which may be replaced by other coins, while the digital world of cryptocurrencies will keep going and there will be more users in it, the loss of bitcoin or the fall of bitcoin can't turn off the other one can say dead 1 grows 1000

If it's true that bitcoin falls I'm sure other coins will also fall, because basically the emergence of other coins is caused by the birth of bitcoin, if bitcoin was not introduced by Satoshi maybe other coins would never exist, so even though bitcoin fell I'm very sure for sure there will be investors who will take advantage to buy and mine bitcoin, because I personally think bitcoin is a very promising investment.

If bitcoin wasn't created there would be no discussion here, we would have a normal life.
Without bitcoin, we wouldn't be able to see a generation of Gen Z get rich quickly and we would always be financially controlled by the government.
Without bitcoin, we would continue to be crammed with rich words from billionaires like Bill Gates, Warren Buffett, who are always against bitcoin, trying to prevent us from crossing that line.
Bitcoin appears as a savior for those who have the will to get rich without having to come from a rich family, fair to the poor and the rich.

If there’s any reason why more and more people worldwide are becoming more extremist and irrational in their thinking, it’s because people are becoming more dumbed down and brainwashed. Before Bitcoin, it wasn't obvious to me how to fix the money, and people who arent familiar with the concept of decentralization might not see real estate business (https://www.shalimarco.com/) that a trust-based model will always fail on a big scale. Many people believe more control is the answer to this problem.

And we have to be aware of the situation that any time of the day prices may fall back low, more than on what we imagine. It is something that we have to be prepared always and never get surprise because this is how the market work, dumps may strike unexpectedly and so the pump. Yes, i was also positive to what it happen next year, however, whether it was pump or still in the same situation, I'm still holding my cryptos and waited for the next bull season. I know it wasn't really a long wait for us.