If the current Bitcoin suddenly becomes a bubble overnight and never recovers

[coin-investor]

If the current Bitcoin suddenly becomes a bubble overnight and never recovers, what will happen to the world?

Those who did not sell it in time will lose a lot of fo money but the world will still be the same, not everything depends on Bitcoin but the world and humanity will continue to evolve and will continue to find technology for the betterment of humanity, but I don't see this happening, the world no wid to deep in Cryptocurrency, it's already mainstream if Bitcoin fails other coins will emerge to take the place of Bitcoin.

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[philipma1957]

If the current Bitcoin suddenly becomes a bubble overnight and never recovers, what will happen to the world?

If all crypto coins that are POW fail as I type this the world will get over it and not give a fuck about it in a few years.

The industry wealth is small in comparison to the world's wealth



Note I said all POW coins meaning someone cracks all the algorithms.

I make the assumption that is a possibility.

[Silberman]

If the current Bitcoin suddenly becomes a bubble overnight and never recovers, what will happen to the world?

If all crypto coins that are POW fail as I type this the world will get over it and not give a fuck about it in a few years.

This is only true for the average person, I understand the average person conforms the majority of the people however there are two groups which will care, one of those groups is us and I do not think I need to explain why, however I think those that are in positions of power right now will care as well, for decades there has been a war against cash as they want to know what you are doing with your money and if possible block you to do what you want with it, but bitcoin offers that liberty something they do not like, so if bitcoin and the rest of the coins we have in the market disappeared that will offer them relief that whatever they are pursuing will eventually become a reality.

[inanilujimi]

The world will basically continue to run as usual, only bitcoin holders will have the impact of the bubble, but before the bubble occurred until now I never thought that any major event could destroy bitcoin because it is Decentralized which is not bound by any rules.

[proudhon]

Bitcoin did become a bubble. Not overnight, but over 10 years. The bubble has popped and it will never recover.

[justdimin]

If all crypto coins that are POW fail as I type this the world will get over it and not give a fuck about it in a few years.

The industry wealth is small in comparison to the world's wealth



Note I said all POW coins meaning someone cracks all the algorithms.

I make the assumption that is a possibility.

Lol, I do agree with you but I think it will take different periods for different people. I mean there are few groups that would not care at all even today, like they will continue to ignore it like they are doing right now, there are group of people who will be a bit upset about it now, but will grow out of it in few months at most, and there are groups that will have to take maybe a whole year to recover from it but get back on their feet, and there are lesser extend people who will take a few years to recover and have trouble during that period but eventually will find a way.

At the end of the day there are only just a few people like me who would never be able to recover, not just because of financial situation because I am sure I will have maybe a year financially terrible but I will probably find a job, and just live a normal life, however I can never forget the past 5-6 years in crypto, not until I die, I will keep talking about it with people who are like me on online forums, probably here .

[Quidat]

If the current Bitcoin suddenly becomes a bubble overnight and never recovers, what will happen to the world?

Nothing!

We would just simply go back into those times where all of us is heavily dependent with heavily centralized fiat money which
the government is producing on and i dont know on why people do really have this kind of thinking?
Do they really believe that the world turn around just for BTC? Everything could be a mainstream and also it can be forgotten
but doesnt mean that it would be over or end of the world.

There would be always an alternative because people wont able to live if monetary thing doesnt exist on the first place.

[erep]

If the current Bitcoin suddenly becomes a bubble overnight and never recovers, what will happen to the world?

I didn't think that many people overreacted to the decline in market prices or vice versa, there is no need to waste time thinking about the impossible that will happen, there are many other things that should be the main thing to think about daily or long term profits.

[wxa7115]

If the current Bitcoin suddenly becomes a bubble overnight and never recovers, what will happen to the world?

But why would such thing even happen? If you are going to propose such a scenario at least put forward how do you think such thing could happen. Bitcoin can produce bubbles and then crash in price, we know this happens and there is plenty of evidence for that, but we also have evidence of bitcoin recovering and going up in value after some time as people adopt it.

So the scenario that you are proposing seems impossible, especially since we live in a world in which governments print fiat money and slowly but surely people are waking up to the fact this is impossible to maintain long term.