what happens to Bitcoin if internet goes down?

[TastyChillySauce00]

bitcoin will break down,no transaction will happen,because IMO internet is core of bitcoin, but soon the 5G will be released and erricson will realizing his project "internet of things",nothing to be worried

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[notbatman]

Wi-Fi mesh network + packet radio.

[bitlancr]

I wouldn't worry too much about bitcoin if a nuclear war was to happen. There are more important things to worry about. The price would probably go down as well as fiat.
I also think that a lot of businesses would collapse, a lot of companies and money making is done over the internet. Everything would fall apart, not just bitcoin.

[cryptolives]

ofcours bigger things to worry but when i refer to trading bitcoins i mean trading as paying for stuff not trading on exchanges to make profit

[LuckyYOU]

Trading and exchanges would just come to a stop. Since all of that happens over the internet.
It would all just stop without internet availability.

[newcoins1978]

It will be impossible to trade bitcoins or exchange. You won't be able to do anything with your bitcoins if there's not internet available.
I'm afraid to say this but without internet bitcoin is useless, since it's a digital currency.

[amacar2]

Bitcoin will be very small topic to care about if whole world lost it's internet. It will lead us back to 10th century.

[CryptoBjorn]

Bitcoin will be very small topic to care about if whole world lost it's internet. It will lead us back to 10th century.

Yeah that is true. Everything will be down banks and other things that use internet.
Actually I would like to see internet go down and live like the years past . But this won't happen that internet just go down.

[stereotype]

https://en.wikipedia.org/wiki/M-Pesa

[Kprawn]

If the internet goes down, all other services goes down too.... this includes ATM's providing the fiat and also credit and debit card services and PayPal. A situation like that is more

devastating than most people think. The blockchain would survive, because it's decentralized... and as soon as internet connectivity can be re-connected, things would go back to

normal. {Satellite links, will not be disrupted, but it will be over loaded by military chatter and also be reserved for their communication} In the short term after such a attack, we

will have to go back to the bartering system... then we go back to Bitcoin.  

[kpitti]

If Internet will fail, it should be because of some big dissaster like you said - nuclear war for example.
I n such case we will have more important things to do .... if we survived.

If only Internet will discontinue to be a layer for communication then Bitcoin will stop as Blockchain will stop to work.

[Zaun]

You don't trade at all. Seeing as that bitcoin is a digital currency, it's not possible to make any transactions without internet.
So you can't trade, or withdrawal anything. Plus a lot business will fail because of no internet and we got bigger things to worry about when this actually happens. Money nor bitcoins will matter in this kind of situation. There's no need to make profits or any money if you need to survive.

[a7mos]

Without internet, no one will be able to make a single transaction so it will be impossible to trade or exchange your bitcoin to fiat.
But why would the internet go out in all the world !
There are wifis everywhere

[kyrios_]

If the internet goes down, all other services goes down too.... this includes ATM's providing the fiat and also credit and debit card services and PayPal. A situation like that is more

devastating than most people think. The blockchain would survive, because it's decentralized... and as soon as internet connectivity can be re-connected, things would go back to

normal. {Satellite links, will not be disrupted, but it will be over loaded by military chatter and also be reserved for their communication} In the short term after such a attack, we

will have to go back to the bartering system... then we go back to Bitcoin.  

will people be able to rewrite the block chain if something like that happen? ie since there's no verification during that period, there could be multiple versions

[cryptolives]

im buying silver at the moment lots of it, i think internet will be disrupted only those with the know how to get the own internet will trade btc to pay for things

[elDano]

I doubt a worldwide internet failure will occur. Altough with IS i suspect a country eventually will decide to terminate all internet in case of an attack.
With that in mind we will not be able to trade bitcoin etc. However the chance of this happening is very very very small.

[Kingno.1]

I am sure that Internet can never go down, even if there is an exception to this, it can happen in only a small part of the world, not worldwide.

[techmanuk]

If the full Internet is down people will be using alcohol and cigarettes for trade.

Next year there will be satellites broadcasting the blockchain so that would likely still be going.

http://www.coindesk.com/jeff-garzik-announces-partnership-launch-bitcoin-satellites-space/

Unless somehow space gets blown up too.

Or, you know... cash?

Just because the internet is down it would not stop the Dollar, Pound, Euro etc from being valid. Banks do have preparations in place for such a thing happening.

Yes, the price of the currencies will probably be diminished, but I can see them being used over cigarettes, alcohol etc.

[notbatman]

If the full Internet is down people will be using alcohol and cigarettes for trade.

Next year there will be satellites broadcasting the blockchain so that would likely still be going.

http://www.coindesk.com/jeff-garzik-announces-partnership-launch-bitcoin-satellites-space/

Unless somehow space gets blown up too.

Space is a lie, there's an artificial dome over our heads that keeps the water out. Go find a real picture of a satellite if you don't believe me.

[CoinsRoyal]

If there is no internet I have still have my fiat so no problem.
I think no people will trade when internet goes down.