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Author Topic: what happens to Bitcoin if internet goes down?  (Read 34254 times)
Lyd
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February 13, 2018, 06:04:42 PM
 #1001

Why would internet go down? We don't live in the primitive era. Internet is developing and in few years everyone will have access to it. This is my opinion
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February 21, 2018, 05:45:24 AM
 #1002

If the internet goes down Bitcoin goes down with it that is just how simple it is, Bitcoin has to rely on the internet.
Internet at this point is a must and many people and companies would not survive without it.

maybe many will switch to other investments like gold or property, if the internet goes down of course it will cause chaos, nobody can access to bitcoin so no transactions, that's in my opinion
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February 21, 2018, 06:15:55 AM
 #1003

It will be impossible to trade bitcoins or exchange but we should not look down on the changing nature of man, man will definitely provide a new way of trading and exchanging bitcoin. yes internet is a major requirement for trading and exchanging bitcoin , but i believe their is always an alternative
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February 21, 2018, 06:20:46 AM
 #1004

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

Obviously by that time, all the cryptocurrency will go to waste since internet is one of the requirement in order for the algorithm of block chain to work. Losing of internet means the end of bitcoins but we do not worry since it will not happen.
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February 21, 2018, 06:47:17 AM
 #1005

If that will happen, it's a sad story. It's the end of bitcoin
 Bitcoin will breakdown. All transactions, trading and even mining any crypto is done by the help of the internet. No internet, no bitcoin. No bitcoin, no profit chance. That's it, the end.

Not only the end of bitcoin, it will be a lot worse. The end of technology!
You cannot use your cellphone you will be going back to csble phone. You cannot use your computer for browsing, back to textbook, go to library Grin

SivaSankarSMS
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February 21, 2018, 06:59:33 AM
 #1006

HELLO . INTERNET IS INCREASED ,BITCOIN VALUE IS INCREASED.BITCOIN VALUE IS DECREASED NO PROFIT CHANGE IN THE WORLD..I BELIEVE THERE IS ALWAYS AN ALTERNATIVE
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February 21, 2018, 07:03:03 AM
 #1007

In my opinion if the internet goes down BTC goes down. As far as i know bitcoin fully relies on internet so there's that. If you are talking about just down for a few weeks then probably bitcoin would get worthless again after that but might rise.
If without the internet then bitcoin will disappear, this is what we have to worry because bitcoin is very dependent on the internet then if the state banned bitcoin easily is the stop the internet.
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