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Author Topic: what happens to Bitcoin if internet goes down?  (Read 34269 times)
thend1949
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April 29, 2016, 11:38:24 AM
 #401

Bitcoin will goes down also becuase bitcoin has no physical appearrance. But if they invented a physical wallet and the device that can transfer bitcoin without internet bitcoin will not dissappear
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April 29, 2016, 01:25:38 PM
 #402

Bitcoin will goes down also becuase bitcoin has no physical appearrance. But if they invented a physical wallet and the device that can transfer bitcoin without internet bitcoin will not dissappear

Which I think not possible.. How will it sync with network without internet..So most probably when internet is down, so as the bitcoin...But we are now living in the modern world, internet won't just give up and cut easily...

omahapoker
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April 29, 2016, 01:27:46 PM
 #403

Without the Internet, bitcoin buyers and sellers cannot connect to trade with one another and this will dramatically affect bitcoin's price negatively. Even if some people have access to the Internet, the fact that bitcoin usage reverted back to its early days, when not more than a handful of people have access to it, bitcoin will crash in value to that of the early days.
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April 29, 2016, 02:16:36 PM
 #404

I don't think that the day will come true, but good question, if the day will come so everyone can face the lose and lose, because now not only bitcoin, most of the other business are totally depending on internet. so all people face the lose also including bitcoin's members. 

Internet won't go down, as everything in this era is totally dependent upon internet. These days only the development in internet technology might happen rather than a destruction.
even if war happens it will not change anything on the internet. the internet will not be stopped by that factor. the future will continue to run and the internet is part of it all. Internet will continue to grow everyone will be connected to the Internet and many people will use online currency "bitcoin"
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May 01, 2016, 02:50:09 PM
 #405

The chance is really small that the internet will goes down, but if that is going to happen than there are a lot of people that is going to be mad and Bitcoin will maybe disappear.
But dont talk about things that the chance is really small that can happen.
The chances are really very small that internet go down and I think it will happen only if a war started and everyone started to destroy each other and each others’ technology, then it is a possibility that internet go down and everyone lose their businesses and money.
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May 01, 2016, 02:54:11 PM
 #406

Internet can't go down.

You would'nt worry about bitcoins if that happens trust me. Because the World will go down if that ever happens.

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delliaerd
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May 01, 2016, 03:05:14 PM
 #407

The chance is really small that the internet will goes down, but if that is going to happen than there are a lot of people that is going to be mad and Bitcoin will maybe disappear.
But dont talk about things that the chance is really small that can happen.
The chances are really very small that internet go down and I think it will happen only if a war started and everyone started to destroy each other and each others’ technology, then it is a possibility that internet go down and everyone lose their businesses and money.

I only say that all of these incidents never happen forever. When the internet goes down, i am sure that bitcoin will can not to use as well, because bitcoin is form of money which work online (with internet connection). It means while the internet connection can not to use, bitcoin can not to use too. Maybe in advance there some development to fix this problem.

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May 01, 2016, 06:18:17 PM
 #408

Internet can't go down.

You would'nt worry about bitcoins if that happens trust me. Because the World will go down if that ever happens.
Yeah if internet goes down not only bitcoin so many process will be shut down as internet is the base for every country's development process, if internet goes off bitcoin will suffer a lot.

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Whosdaddy
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May 01, 2016, 08:26:16 PM
 #409

I think if the internet went down you wouldn't even be able to send bitcoin to people, as bitcoin is on the internet. And maybe bitcoin would be lost if it was being sent, although I really don't know.
I think not only bitcoin which became worthless but also human life would be worthless because we can't deny now the internet is a human need.
not sure with you all,i think if internet goes down,blockchain will take the local transaction,so bitcoin can still moving from people to people. and i'm also sure if internet goes down,people will back to like internet never exist,nothing to be waorry about,
There are some people who have their bitcoins in their online wallets they will lose their money ane the other thing is that people not only have their coins in their wallets and not only do transactions but their have their online businesses related to bitcoin technology.
Hugroll
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May 01, 2016, 08:47:45 PM
 #410

given the cayos happening in the world i wouldn't be surprised of nuclear war and in this case i would expect internet disruption question is what happens to Bitcoin if internet goes down?

home internet and mobile internet goes down

do not mean trade bitcoin to buy/sell i mean using it as a way of payment say you wanted to send money to someone abroad for family far away
well the blockchain is stored offline in many computers. but bitcoin won't be able to send / receive new transactions until the internet goes back up. pending transactions would also stay pending. if the internet goes down forever, thats a pretty big problem.
Grillo
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May 01, 2016, 08:55:39 PM
 #411


If internet goes down, bitcoin will be the last of your worries...

BitFomo
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May 01, 2016, 11:37:05 PM
 #412

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.
bamboylee
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May 02, 2016, 12:12:57 AM
 #413

If internet really go down ,  the scene will like the movie “ Transcendence " in the end..
Of course bitcoin will go down too, i mean completely disappear...

If it goes down, every one will go nuts. Can't you see how reliant are we with internet. Almost everything is done through internet now a days. It is not only bitcoin that will be effected, but everything else.
bamboylee
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May 02, 2016, 12:15:59 AM
 #414

If internet really go down ,  the scene will like the movie “ Transcendence " in the end..
Of course bitcoin will go down too, i mean completely disappear...

If it goes down, every one will go nuts. Can't you see how reliant are we with internet. Almost everything is done through internet now a days. It is not only bitcoin that will be effected, but everything else.
davinchi
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May 02, 2016, 02:56:53 PM
 #415

The chance is really small that the internet will goes down, but if that is going to happen than there are a lot of people that is going to be mad and Bitcoin will maybe disappear.
But dont talk about things that the chance is really small that can happen.
The chances are really very small that internet go down and I think it will happen only if a war started and everyone started to destroy each other and each others’ technology, then it is a possibility that internet go down and everyone lose their businesses and money.
Yes, if it happened everyone will be mad, they will lose all their wealth and those who are relying on internet for their business will lose access to their business and their lives will be destroyed.
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May 02, 2016, 03:34:53 PM
 #416

The chance is really small that the internet will goes down, but if that is going to happen than there are a lot of people that is going to be mad and Bitcoin will maybe disappear.
But dont talk about things that the chance is really small that can happen.
The chances are really very small that internet go down and I think it will happen only if a war started and everyone started to destroy each other and each others’ technology, then it is a possibility that internet go down and everyone lose their businesses and money.
Yes, if it happened everyone will be mad, they will lose all their wealth and those who are relying on internet for their business will lose access to their business and their lives will be destroyed.

Truly every user depending upon bitcoin will get mad of it, but such situation won't happen anytime. The reason that  in future everything is completely depending on internet.

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sk00t3r
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May 02, 2016, 03:45:55 PM
 #417

If internet really go down ,  the scene will like the movie “ Transcendence " in the end..
Of course bitcoin will go down too, i mean completely disappear...

Well, I don't think that internet would go down and be gone for a long time and in the whole world...But I think if ever the internet goes down, Bitcoin would also die and along with other things that survives because of internet..
yeah maybe, It never happen If its possible then at a moment nothing is possible without internet, If internet will die then bitcoin community should take another idea as internet because without it we can't transaction even or it dependent on the internet.
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May 02, 2016, 04:00:19 PM
 #418

Signature shitposters would have to figure out some other way to turn their contentless annoyance into micropennies.
LCSociety
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May 04, 2016, 10:22:17 AM
 #419

If the internet goes down many things are likely to happen with Bitcoin... at least pricewise.

If you look at all the other major financial bubbles, disrupted access initially causes lower prices as everyone begins to assume that they have "lost everything..." This always leads to increased speculation due to the lower price caused by 'perceived' loss of value. But lower prices in a highly sought after asset class ALWAYS sparks a HUGE bubble

So, if the internet were to go down. Zero access to the blockchain would cause bitcoins perceived value to fall initially... Then people would realise how impossible it is for the internet to be 'permanently' shut down, due to the fact that large segments of our economy exist solely online. 

Thus, everyone would rush to buy physical representation of bitcoins... Casascius physical bitcoins.. sparking a bubble, which would lead to exorbitantly inflated, sky high prices for casascius physical coins

Then.. once the internet is restored, smart money will instantly sell and take their profits.. which will bring the price of BTC crashing back down to the level it was at before the "entire internet" went down
jethrorn99
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May 04, 2016, 11:27:55 AM
 #420

Internet's going down is almost impossible, but it's just a prediction.

If internet is down all over the world, then bitcoin is no longer functional. Bitcoin will be useless to use since their main base of operation is using internet.

Without internet = Bitcoin is useless.
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