What If Bitcoin Fall??

[naira]

If Bitcoin is not created there will definitely be another form of digital currency because the idea of Bitcoin has been researched by some universities before Satoshi combine everything together with his own concept which is what lead to the Bitcoin we see today. However, if E-gold was not shut down by the US government it could probably be the digital currency people will be using now if it's decentralized and no censorship.

E-Gold or Bit gold was first initiated by Nick Szabo and in the end, only Bitcoin managed to escape the termination or ban on e-government because it is anonymous and can more easily move freely without control. However, the OP here is asking a question that is a bit messy to answer. So no rights can be taken away, it's just a question that can be answered when the OP isn't really born.

[romero121]

The question is what if you weren't born. Then who will ask this question? Likely someone else, so if Bitcoin weren't created, then something else would create. Who knows there wasn't a better idea than Bitcoin and it failed? Who knows if Bitcoin replace or update with something else with a new coin or feature? So this type of question is really unrealistic. It's quite impossible to stop Bitcoin right now since nodes have been saving a lot of devices and miners working to mine Bitcoin.

Agreed, even before the innovation of bitcoin similar concepts were tried. But, those didn't reach the usage and acceptance. During the beginning days bitcoin was distributed free of cost. The technology that backs bitcoin made the evolution and in between something happened and bitcoin got its value. In such a way things progressed with time, if this hasn't happened surely something else could've been dominant in the same market with a different name.

[TheGreatPython]

attention - i am not talking about bitcoin's current price action . i know these are buying opportunities for investors . I dont mean about bitcoin's price falling . i mean what if bitcoin isn't exist , what if bitcoin wasn't created.

If that is what you mean then you should also change your title because it seems not right. How can someone fall if it didn't exist in the first place? But, since btc is already there and if let say it collapsed, go to zero and boom completely die then what can we do? I guess people will just emote, cry a bit and then eventually they will learn how to move on but I believe that there will be a better replacement after it. That's how I think stuff works in this world.

About when bitcoin didn't exist, obviously there will be no bitcointalk and I am not on here. I think I was still very active on the non crypto forum that I've been using before I know this forum.

[Jawhead999]

During the beginning days bitcoin was distributed free of cost.

It's not distributed, but mined.
Free of cost isn't entirely correct too, but we can say it's cheap as hell since you can mine many Bitcoin with just old CPU in the early days.

Bitcoin managed to escape the termination or ban on e-government because it is anonymous and can more easily move freely without control.

Another misconception, Bitcoin isn't anonymous, but pseudonymous. Pseudonymous is when you can still see any transactions that recorded on blockchain, but you just don't have any idea who own those address. If you want to see anonymous coin, take a look on Monero.

[Mauser]

I would like to let you to share your ideas about what if bitcoin falls?? Let others to know about badconsequence people have to face if bitcoin falls. Thank you Guyz.

attention - i am not talking about bitcoin's current price action . i know these are buying opportunities for investors . I dont mean about bitcoin's price falling . i mean what if bitcoin isn't exist , what if bitcoin wasn't created.

That's a difficult question, if bitcoin would stop to exist today than probably ETH will take its place as the new leading crypto currency. The crypto boom has already happened and there is no way people would go back to a world before cryptos. The demand is still strong for an independent currency that is not influenced by central banks.
Things would be a little different if there was a time machine to go back in the past and prevent bitcoins from ever being created. Without bitcoins we would not have the crypto boom and it would need someone else to invent crypto currencies. Who knows when this would happen, it could be in 20 years after the next big financial crisis. It took so many years and a lot of work for bitcoins to become mainstream that the success  would not be guaranteed if we had to start from scratch.

[Mr.right85]

I would like to let you to share your ideas about what if bitcoin falls?? Let others to know about badconsequence people have to face if bitcoin falls. Thank you Guyz.

attention - i am not talking about bitcoin's current price action . i know these are buying opportunities for investors . I dont mean about bitcoin's price falling . i mean what if bitcoin isn't exist , what if bitcoin wasn't created.

It's very confusing on what is your actual intent as both the first compound sentence as at above and the second contradicts themselves a little bit.
You saying,

"What If bitcoin falls" to mean "what if bitcoin wasn't created"...

It sounds confusing.

Although the point remains that,
Should bitcoin fall as per price value due to its volatility, then there would be loses and gains that investors have got to live with. Its the wa it is about investments. One investors lose is another investors gain. How you chose to handle it is entirely up to you depending on the side you fall.

On the other hand, what if bitcoin was never created... Life will go on as its always been before 2009. We would just be battling inflation and surviving alongside with the government while hoping on something good from the system.

[minime0105]

I would like to let you to share your ideas about what if bitcoin falls?? Let others to know about badconsequence people have to face if bitcoin falls. Thank you Guyz.

attention - i am not talking about bitcoin's current price action . i know these are buying opportunities for investors . I dont mean about bitcoin's price falling . i mean what if bitcoin isn't exist , what if bitcoin wasn't created.

if bitcoin is not existing nothing will not happen. Bitcoin just created and it is not up to twenty years Bitcoin is created and without bitcoin being created they will not be problem because people were making use of other digital currency and especially Gold currency were existing before then and that is why bitcoin introduce and get firm because it tendency is higher gold, because people were banking and investing with Gold before now

[bitzizzix]

I would like to let you to share your ideas about what if bitcoin falls?? Let others to know about badconsequence people have to face if bitcoin falls. Thank you Guyz.

attention - i am not talking about bitcoin's current price action . i know these are buying opportunities for investors . I dont mean about bitcoin's price falling . i mean what if bitcoin isn't exist , what if bitcoin wasn't created.

If bitcoin doesn't exist, and because bitcoin is a digital currency. And I don't think anything bad will happen and will probably stick with fiat as usual and also invest in other investments before bitcoin was around.
and the most striking thing before or after bitcoin was around, probably many people who have no income or as a side income and also new rich people around the world. Bitcoin is a savior for those who have no income or can live depending on bitcoin like me even though I have a steady job I feel my income is still not enough to make ends meet, and what about those who only rely on bitcoin and I also can't imagine if bitcoin doesn't exists because bitcoin can make my life better, safer and more comfortable while using it and also freedom.

and if bitcoin falls to me it doesn't matter because it will definitely rise again the most important thing is to be patient, and even i will use it to buy it and hold it for long term.

[kryptqnick]

Given that the op emphasized that the question is not about the price but about something like Bitcoin stopping to exist, I think it's an unlikely hypothetical situation. If we just woke up tomorrow, and there's no BTC, it would be at the top of the news, people would probably panic sell all their other cryptos (at least, the majority would), fearing that a similar fate awaits the rest of them, and many would be devastated, but for the vast majority of the world (who never used Bitcoin), it won't mean anything. If there's a reasonable explanation why it falls (apocalypse and the Internet is down or a breakthrough of quantum computing making Bitcoin keys a thing you can get with new computing power), then the effects would depend on what exactly happened, whether other cryptos survived, and are the cryptos the biggest concern at a given point in time.

[Cryptmuster]

That's a difficult question, if bitcoin would stop to exist today than probably ETH will take its place as the new leading crypto currency. The crypto boom has already happened and there is no way people would go back to a world before cryptos. The demand is still strong for an independent currency that is not influenced by central banks.

If it so happened that bitcoin would stop exist, then I'm not sure that ETH will be able to take the place of bitcoin and I don't know how cryptocurrency will be trustworthy about after thet. All such bitcoins are number one and if something happens to it, then everything will change, if it happend with the strongest coin, then what can be expected from the rest of the coins...

[suzanne5223]

If Bitcoin is not created there will definitely be another form of digital currency because the idea of Bitcoin has been researched by some universities before Satoshi combine everything together with his own concept which is what lead to the Bitcoin we see today. However, if E-gold was not shut down by the US government it could probably be the digital currency people will be using now if it's decentralized and no censorship.

E-Gold or Bit gold was first initiated by Nick Szabo

E-Gold was created by Douglas Jackson and Barry Downey while Bit Gold was introduced by Nick Szabo as it was never executed. Some people still believe this is one of the idea Satoshi added to his when he create Bitcoin.

and in the end, only Bitcoin managed to escape the termination or ban on e-government because it is anonymous and can more easily move freely without control.

Bitcoin is pseudonymous and it's never anonymous. The reason why Bitcoin escape government termination is because of it consensus, decentralization and no censorship.

[Dunamisx]

If Bitcoin is not created there will definitely be another form of digital currency because the idea of Bitcoin has been researched by some universities before Satoshi combine everything together with his own concept which is what lead to the Bitcoin we see today.

The thing is that we have alot of people independently running a race while the first to reach the final destination gets the reward and fame, Satoshi is wise enough to put his efforts into action, i don't blame him as well because he has spent alot of years developing himself on research about bitcoin.

However, if E-gold was not shut down by the US government it could probably be the digital currency people will be using now if it's decentralized and no censorship.

That is for sure, there will be an alternative to that if bitcoin was not developed, that may not necessarily be the e-gold as mentioned, it may be another idea entirely but the fact remains that we will keep moving on with the advancement of technology as it evolves, now the meterverse is coming up, what should we expect than adoption.

[_BlackStar]

I would like to let you to share your ideas about what if bitcoin falls?? Let others to know about badconsequence people have to face if bitcoin falls. Thank you Guyz.

The worst consequence of a bitcoin crash is that the equity value of your asset in dollars goes down, that's all. I don't think everyone should worry about bitcoin prices crash so they should trigger more sell button than buy ones, while the best option is to hold on and try to do a DCA if you have funds to spare. There is no reason to tell others to hold on when the bitcoin price crash while they are responsible for the gains and losses. They have to learn about how the market works for them because we both seek profit in the market.

I dont mean about bitcoin's price falling . i mean what if bitcoin isn't exist , what if bitcoin wasn't created.

If so, then questions like these are never there to answer.

[BitcoinPanther]

i mean what if bitcoin isn't exist , what if bitcoin wasn't created.

I believe that there will be another cryptocurrency that will exist.  I believe in the saying, that what is bound to happen will happen.  If you look at the history of cryptocurrency, Bitcoin isn't the first one to be created but Bitcoin became popular because of the idea of a decentralized blockchain.  Bitcoin is powered by blockchain so basically, if Bitcoin does not exist, others will take the Bitcoin slot because of the existence of blockchain.

But if blockchain does not exist I believe Bitcoin as decentralized blockchain won't also exist.

[DoublerHunter]

i mean what if bitcoin isn't exist , what if bitcoin wasn't created.

I believe that there will be another cryptocurrency that will exist.  I believe in the saying, that what is bound to happen will happen.  If you look at the history of cryptocurrency, Bitcoin isn't the first one to be created but Bitcoin became popular because of the idea of a decentralized blockchain.  Bitcoin is powered by blockchain so basically, if Bitcoin does not exist, others will take the Bitcoin slot because of the existence of blockchain.

But if blockchain does not exist I believe Bitcoin as decentralized blockchain won't also exist.

^ I believe cryptocurrencies do not exist.
BTC was given a true meaning of decentralized and altcoins were alternating it to find a different way than BTC does not have.
You cannot even change the code of BTC, so therefore blockchain also does not exist in its world and there are no cryptocurrencies. We are still relying on the government and we are not free when it comes to financial system which only BTC can give.

[TelolettOm]

attention - i am not talking about bitcoin's current price action . i know these are buying opportunities for investors . I dont mean about bitcoin's price falling . i mean what if bitcoin isn't exist , what if bitcoin wasn't created.

If your case is how if Bitcoin really falls and cannot grow again or it means that Bitcoin is dead, so the cryptocurrency may also end. Or if Bitcoin is not even created, there may be no cryptocurrency, or there may be such technology similarly to cryptocurrency but not called Bitcoin or cryptocurrency. You know this is likely anyway if Bitcoin was created and we wouldn't know what if it wasn't created. Maybe the conditions will be normal like when we didn't know Bitcoin.

[tbterryboy]

I want to believe you are asking "what if Bitcoin fails"?, well, to this, i will honestly tell you that Bitcoin has gone to far to fail, if you were asking this question in 2010 or 2011 or even 2012, then i would have said "if Bitcoin fails, we all will forget about it and move on with life", but asking this question in this year 2022 with all that Bitcoin have achieved so far is kind of absurd, but i understand that as a newbie, you probably need some assurance from the community and i believe you gotten it, Bitcoin can not fail, it has gone too far the fail, a lot of reputable businesses around the world now accept Bitcoin payments, if Bitcoin was a joke that will in any time in the future fail, this businesses having done their due diligence before deciding to accept payments in Bitcoin wouldn't have .

I agree that it is not going to fail at all. There is no logical argument about something that reached about 2 trillion dollars (all crypto) to be zero. Sure there are times when it goes down, but there are times when the market crashes in anything. We have seen oil to be negative ffs, that is more than enough to see how it could be done.

At some point, you would need to literally pay to sell your oil, does that make any sense to anyone really? Like if people told you to sell your bitcoins.... and PAY to do it? This is why it makes sense to me that in the end result, bitcoin is one of the most trustworthy ones, and sure it could have bad periods, but it is going to be awesome.

[Stella Mese]

in my view, if bitcoin does not exist or is not created, right? there will be no bitcoins ? and it will have an impact on the current economy, especially for people who are interested in buying bitcoin or rather investing by buying bitcoin, a simple example like this in this part of the world, many people who are not physically normal but because they think they are very interested in bitcoin finally start investing in bitcoin and many successful. doesn't it help with bitcoin? try if they don't exist, maybe they won't be helped? With bitcoin, it helps open up opportunities for those who are interested in bitcoin and make business easier.

[Haunebu]

This is easily one of the dumbest topics in this forum. Title itself is misleading and op is asking nonsensical questions. So many people in this thread thought that he was talking about BTC price falling and replied accordingly.

My advice for op is to try hard and improve his brainpower in order to avoid asking such silly questions in the future. Just my 2 cents.

[len01]

what if bitcoin falls??

we will not know what will happen to bitcoin in the future. but what I know is that bitcoin will continue to be bought when the price dumps and will rise again until the price reaches ATH

Let others to know about badconsequence people have to face if bitcoin falls

the answer is quite simple. if bitcoin falls it's unlikely to happen. because every bitcoin dump there will always be investors buy bitcoin and get the opportunity to buy at a low price.
so there will be no possibility if bitcoin will fall

i mean what if bitcoin isn't exist , what if bitcoin wasn't created.

question is a bit silly, but i will still answer it


you don't have to think about what if bitcoin didn't exist and what if bitcoin wasn't created. what you have to think about is that bitcoin still exists from 2009 until now and is already known in several countries as an investment tool