What Would Happen If Bitcoin ?Disappeared Tomorrow

[EstherBtc]

Bitcoin decentralized nature makes it very resilient. The possibility of Bitcoin disappearing is really slim, except about 55% of it's miners coordinate an attack which will disrupt the work. Bitcoin can be liked to our local currency it can depreciate in value but can't disappear.

[john_egbert]

This attack won't happen because of the decentralization itself.

Large pools won't coordinate such a move.

[Armed95]

Realistically, Bitcoin is likely to continue to attract widespread attention and serious attention, from major investors, governments, individuals, and corporations. The current price has reached around $120,000, and many predictions suggest it could reach $150,000–$180,000 before the end of the year—some even dare to say it's worth over $1 million by 2030. But all of this depends on regulations, technology, and our ability to withstand price fluctuations. So, if you want to get involved, be patient with the risks and learn about Bitcoin thoroughly, don't just jump on the bandwagon.

[john_egbert]

Realistically, Bitcoin is likely to continue to attract widespread attention and serious attention, from major investors, governments, individuals, and corporations. The current price has reached around $120,000, and many predictions suggest it could reach $150,000–$180,000 before the end of the year—some even dare to say it's worth over $1 million by 2030. But all of this depends on regulations, technology, and our ability to withstand price fluctuations. So, if you want to get involved, be patient with the risks and learn about Bitcoin thoroughly, don't just jump on the bandwagon.

What's your comment tells about the potential outcomes of BTC disappearing?

[chainganginc]

If the Internet just shutoff then Bitcoin would disappear because it has no physical element. If the governments can back it and keep record of the latest block up to the genesis then they could return some value. Bitcoin would have to go offline with the help of the government. No mining would be possible so the whole transfer system would have to become physical.

The backing of the most powerful government could prevent that. Printing private keys offline and the public address amounts is critical in order to continue.

Some Bitcoin will transfer and can be burned if some entity got access to a quantum computer with enough power. The public key would get cracked and private keys stolen. Thief can randomly attack or go from richest wallets or start with smallest wallets. With a program they could go down the list and attack every address. Instantly burn all of the coins out of circulation. That can sort of make it disappear out of usage only thing they might be left is wallets with very small amount of Satoshi's because it was too small to send. So I guess it can't happen without turning off the internet.

The Bitcoin core wallet software would have to be upgraded. A fork would probably and happen who ever has the largest amount of coins or mining power could switch the chain.

It would make the price maybe crash but wherever the dominant force goes it will go even higher I would think Coinbase and Binance or another top currency with the cleanest history can keep the most longest most honest chain of nodes. The usage of the original chain could diminish drastically.

[Iranus]

We all know that is highly unlikely to happen since bitcoin has come a long way since its inception and so its impossible for it to disappear overnight.
If at all we come across such a scenario then we would be seeing a lot of panic in the market.
There are billions invested in bitcoin and it would create a massive collapse in the economy.
The financial strain would also impact other financial markets and it can trigger a butterfly effect.

Not billions, but trillions of dollars are being poured into bitcoin and crypto but the world economy is bigger than you think. If I remember correctly, the crypto market cap is around $4 trillion, which is only 2-3% of global GDP and not a significant contribution. So if bitcoin disappeared, it will impact the economy, but it won't easily cause the economy to collapse.

In terms of impact on other financial markets, the disappearance of bitcoin could initially have a negative impact on stocks and forex due to concerns about similar risks. But in the long run, these markets will benefit as crypto investors will have no other choice if they still want to invest online.

[pawanjain]

In terms of impact on other financial markets, the disappearance of bitcoin could initially have a negative impact on stocks and forex due to concerns about similar risks. But in the long run, these markets will benefit as crypto investors will have no other choice if they still want to invest online.

It's quite possible that in the long term the other markets will benefit since crypto will be out of scope of investment if bitcoin disappeared.
But in the short term I believe it will create a total mess because many companies have bitcoin as a strategic reserve.
One fall will trigger another and so I said that it might create a collapse in the market.

[chainganginc]

We all know that is highly unlikely to happen since bitcoin has come a long way since its inception and so its impossible for it to disappear overnight.
If at all we come across such a scenario then we would be seeing a lot of panic in the market.
There are billions invested in bitcoin and it would create a massive collapse in the economy.
The financial strain would also impact other financial markets and it can trigger a butterfly effect.

Not billions, but trillions of dollars are being poured into bitcoin and crypto but the world economy is bigger than you think. If I remember correctly, the crypto market cap is around $4 trillion, which is only 2-3% of global GDP and not a significant contribution. So if bitcoin disappeared, it will impact the economy, but it won't easily cause the economy to collapse.

In terms of impact on other financial markets, the disappearance of bitcoin could initially have a negative impact on stocks and forex due to concerns about similar risks. But in the long run, these markets will benefit as crypto investors will have no other choice if they still want to invest online.

When they price pumps so does the market cap. That's because the price is multiplied by the coins in circulation.  Looks good on the screen like the stocks do but it's manipulation.

[Easteregg69]

You diversify so it's not your whole world in the deck.

Get some eth and pump fun.

[Iranus]

It's quite possible that in the long term the other markets will benefit since crypto will be out of scope of investment if bitcoin disappeared.
But in the short term I believe it will create a total mess because many companies have bitcoin as a strategic reserve.
One fall will trigger another and so I said that it might create a collapse in the market.

It is true that there are many companies and organizations globally that are investing in bitcoin and considering it as a strategic reserve but you forget one thing. They only invest a small portion in bitcoin and it only accounts for 5-10% of their strategic reserves or even less. They don't put most or all of their assets into bitcoin like MicroStrategy is doing. They are just experimenting and diversifying their reserve assets.

So I can agree that the disappearance of bitcoin could cause chaos and negative impacts, but the possibility of causing a major collapse in the financial markets is very low.

[chainganginc]

You diversify so it's not your whole world in the deck.

Get some eth and pump fun.

Pump fun is moving like some BS.

[Obari]

I know it sounds like an impossible question but just imagine for a moment if Bitcoin suddenly stopped existing What would happen to the markets the people who invested their savings and the businesses built around it Would another cryptocurrency quickly take its place or would the whole idea of decentralized money lose trust

Thinking about this makes me realize how much Bitcoin has become a part of our financial world and how many people depend on it now I am curious what you all think Would the world adapt quickly or would it cause a major shock to the global economy

The truth is that, the world will move on
I understand that it is impossible for bitcoin to just stop existing but let’s at this point try to be in the world of the op where anything is very possible which includes the exist of bitcoin, then I will tell you that, the world wouldn’t end because there’s no bitcoin and yes it will affect the market drastically because of the amount of losses but there was also a time we didn’t have bitcoin and the world was also doing fine.

@op, please come back to reality and let’s focus more on stacking these coin rather than imagining it going to extinction suddenly 😂