What happen if Bitcoin shutdown?

[Y3shot]

I am just wondering, what will happen if Bitcoin shutdown? Will the market crash? How about the effect of this to altcoins? Can government shutdown Bitcoin? I have a lot of question about this matter, because who knows, right? Also, how about hackers shutdown Bitcoin? What are your thought here? Let's discuss this.

Life continues,  even the life you are living anything can happen to it, earthquakes happens in some place's without no one expecting . No you are alive do your best and get the best from life because anything can happen tomorrow,  now their is Bitcoin do your best and do not miss out the opportunity in bitcoin. Enjoy the benefit of good things while they last, do not think what may happen to Bitcoin in the future,  try to figure out what you can get from bitcoin today. The bank you are saving your money their is no guarantee that it can last forever because anything can happen which you can predict.

[tbterryboy]

If BTC shuts down, I think yes, it will have a massive effect in the market, making them crash as well. When I say market, altcoins are already included with that. Governments can't shut down Bitcoin because they can't totally control it, but the best thing that they can do if they hate BTC that much, is to ban it in their country. Hackers are I think smaller than the governments despite their special ability.

So, if the government can't shut down BTC then obviously the hackers can't do it too. But like the governments, all they can do is to mess up with the BTC websites and BTC users. If you have lots of questions, just throw them here in your own thread and people here will try to answer it according to the knowledge they have. Don't be shy to us .

[radjie]

I am just wondering, what will happen if Bitcoin shutdown? Will the market crash? How about the effect of this to altcoins? Can government shutdown Bitcoin? I have a lot of question about this matter, because who knows, right? Also, how about hackers shutdown Bitcoin? What are your thought here? Let's discuss this.

There is no government authority to shut down Bitcoin because no single country controls this technology.  Most countries have recognized the development of Bitcoin technology, some even use Bitcoin as an alternative for transactions.  Even though Bitcoin is illegal in most governments, it will still be used by users as long as they follow existing regulations by utilizing local exchanges to convert first to the local currency they use.

[dansus021]

In theory, the Government can shutdown bitcoin if all countries on this planet earth decide to shutdown bitcoin but the people are smart so I don't think this gonna be happening.

Next question what happens when bitcoin shuts down if all happen at once maybe the market will crash but not go to zero since most of the money is still on the chain and then people cant move their coin. the altcoin might will be hit hard and me as well .

[Abiky]

In theory, the Government can shutdown bitcoin if all countries on this planet earth decide to shutdown bitcoin but the people are smart so I don't think this gonna be happening.

Next question what happens when bitcoin shuts down if all happen at once maybe the market will crash but not go to zero since most of the money is still on the chain and then people cant move their coin. the altcoin might will be hit hard and me as well .

Good luck with that. If governments around the world can't reach a common agreement, what makes you think all of them will unite against Bitcoin? As long as there's one country supporting the cryptocurrency, don't expect it to die anytime soon. Besides, there's nothing stopping people from secretly running BTC nodes. The code is open source too, allowing BTC to be developed/improved without restrictions.

With how big the Bitcoin blockchain is, I'd say governments are already too late to stop it. Their best bet would be to restrict people from buying/selling BTC across centralized exchanges. But that won't stop them from using other methods (DEX, P2P exchange). Ultimately, BTC will live alongside Fiat currencies for generations. As long as it stays decentralized, we should have nothing to worry about.

[Z_MBFM]

I am just wondering, what will happen if Bitcoin shutdown? Will the market crash? How about the effect of this to altcoins? Can government shutdown Bitcoin? I have a lot of question about this matter, because who knows, right? Also, how about hackers shutdown Bitcoin? What are your thought here? Let's discuss this.

How will bitcoin shutdown where no one controls bitcoin.  Bitcoin is a decentralized currency and it operates automatically on its own terms.Bitcoin will only shut down when the internet is completely shut down worldwide because bitcoin is a completely internet based currency. And that's why people trust Bitcoin so much and feel free to invest huge amounts of money here.

If this is impossible if somehow Bitcoin shutdown then surely whole crypto market will be destroyed as Bitcoin alone is the most trusted currency in crypto world.  So if something like this happens to bitcoin people will withdraw from the entire crypto world and people will lose billions of dollars.

[Agbe]

I am just wondering, what will happen if Bitcoin shutdown? Will the market crash? How about the effect of this to altcoins? Can government shutdown Bitcoin? I have a lot of question about this matter, because who knows, right? Also, how about hackers shutdown Bitcoin? What are your thought here? Let's discuss this.

Op Bitcoin can never be shutdown again because it has gained weight and ground in the whole world. But to answer your questions, I will say yes. If Bitcoin is shutdown the the market will automatically stopped and crash to the bottom. And also if you are reading what's happening in the forum this days you will understand that, it has given the AltcoinsTalks forum an opportunity to grow up. But government can not shutdown Bitcoin and the only thing government can do to Bitcoin is to stop Centralized Exchanges. And if hackers can shutdown Bitcoin, they would have done that since but they can't. Bitcoin is decentralized so it will be very hard for anyone to shut it down.

[Marvelman]

In theory, the Government can shutdown bitcoin if all countries on this planet earth decide to shutdown bitcoin but the people are smart so I don't think this gonna be happening.

The chance that the governments of the world could get together and shut down Bitcoin is pretty slim.  Even though in theory they could do it if they all worked together, that's really unlikely to actually go down.  Bitcoin is not controlled by any government or company or anything, it's decentralized.  So it would be super hard for any government to totally wipe Bitcoin off the map and  plus, Bitcoin keeps evolving and getting more and more popular over time so it gets harder and harder for governments to try to regulate it.  When you get down to it, yeah technically governments could join forces and shut down Bitcoin if they really wanted to try.  But the odds are the governments wont ever be able to pull that off.