Will bitcoin be affected if the internet gets disrupted?

[dezoel]

We have seen the whole crowdstrike situation, and nothing happened to bitcoin, which we can assume that it is not going to be an issue. I understand how that may feel that way, but in general it won't be a big deal at all, we will just stay that way.

I think the best way to go about this would be just making sure that we deal with something that gives us a good return, and for that to mean something we need to realize that bitcoin isn't really impacted by any of those. For that reason I love bitcoin and investing into it is better. Even banks and fiat world gets corrupted during those times, and that's of course terrible but at the same time we are talking about bitcoin which is unharmed during the same time. Like people couldn't fly because systems were down, and yet look at bitcoin and how that didn't get any shred of impact.

When you have something that great, it's hard to say that you are not going to invest into it, what else would anyone look for when we are talking about an investment? If you want something sturdy and something that can't be meddled with by any dictator or political leader, then you have it. Bitcoin is untouched and can't be better, it's better than everything else.

[Obari]

~snip~

I recently made comment on a Thread by @NotATether and it actually made me had a deep thought on what really the fate of bitcoin would be without the internet because we are know that we’re in a world of possibilities and anything(absolutely) can be possible and what if maybe there was a global shutdown on the internet m, what will happen to bitcoin ?

My question was born out of curiosity and I’m not actually inclined on the technicalities of bitcoin and I just want to know the fate of bitcoin if there was no internet for maybe 24 hours

~snip~

~snip~

I think this idea is something that is worth discussing and not just letting it slide because we think the government won't let the situation last for a long time since it will also affect them and their works but the question now is this, what becomes of bitcoin if the government fails to restore the Internet within a short period of time? are we going to wait till the Internet is restored or is there there any thing to be done so that bitcoin transactions will still be going on smoothly this is the most important thing I think we should find out because just as you said, we need to be prepared for worst even though the worst is yet to happen in the world right now.

Absolutely
We need to know what the other option is because I’ve also seen a lot of response from people who strongly believe that, the internet can never be shut down globally no matter the circumstances and I think they’re not open to accepting the impossible because this is planet earth and absolutely anything can happen when the global shutdown of the internet can be possible though their might be an urgent solution but whatever the case might be, a global shutdown of internet access can still be possible.

What we’re trying to know, is what happens to KuCoin if the internet shutdowns and for those who have coin in physical wallets, what is their faith and hope of even those who have in online walkers

[lixer]

I recently made comment on a Thread by @NotATether and it actually made me had a deep thought on what really the fate of bitcoin would be without the internet because we are know that we’re in a world of possibilities and anything(absolutely) can be possible and what if maybe there was a global shutdown on the internet m, what will happen to bitcoin ?

My question was born out of curiosity and I’m not actually inclined on the technicalities of bitcoin and I just want to know the fate of bitcoin if there was no internet for maybe 24 hours

If we are talking about a temporary shutdown of the internet, like 24 hours as you said, I think there wouldn't be much happening in the market when the internet goes away because no one will have access to their assets or the markets, and things will start from where they were left, however, there will be a lot of panic among people if there is no internet for about a whole day, and out of that panic, a lot of people might start selling their assets as a first thing when the internet comes back, and that is surely going to affect the market, badly.

If people don't panic, keep holding their assets, and do what they were doing before, the market won't be affected at all. Besides Bitcoin and blockchain technology, there will be a lot of panic in the world in general if there is an internet outage for such a long period, countries will lose extremely large amounts of money because of it.

[Mr.right85]

Absolutely
We need to know what the other option is because I’ve also seen a lot of response from people who strongly believe that, the internet can never be shut down globally no matter the circumstances and I think they’re not open to accepting the impossible because this is planet earth and absolutely anything can happen when the global shutdown of the internet can be possible though their might be an urgent solution but whatever the case might be, a global shutdown of internet access can still be possible.

What we’re trying to know, is what happens to KuCoin if the internet shutdowns and for those who have coin in physical wallets, what is their faith and hope of even those who have in online walkers

There has always been other options in any eventuality, that is;

You having to diversify and not rely on only Bitcoin or cryptocurrency for an investment.  Be open to other ways one can invest and also make profit or earn a living. Besides, it would be advantages to see Bitcoin for a currency and even as you DCA, you do that with what you could afford to lose.

I am one of the persons who don’t think there could be any apocalyptic end to the internet. Come on, the world as we have it depends on it. It could only be improved and not wiped out.

If I may ask this, what do you think could ever result in the complete shutdown of the internet?
Would it be some Alien invasion of eat,
The armageddon as religious beliefs have it,
World war whatever ever where nations would be open to nuclear weapons,

Just what do you think could result this because, all elements as highlighted would still be internet dependent.
We all know how, it’s proposed that Alien technology could be. It would be an enhancement and am not saying, it’s real or would happen but, just hypothetical speaking.

[stadus]

I recently made comment on a Thread by @NotATether and it actually made me had a deep thought on what really the fate of bitcoin would be without the internet because we are know that we’re in a world of possibilities and anything(absolutely) can be possible and what if maybe there was a global shutdown on the internet m, what will happen to bitcoin ?

My question was born out of curiosity and I’m not actually inclined on the technicalities of bitcoin and I just want to know the fate of bitcoin if there was no internet for maybe 24 hours

If we are talking about a temporary shutdown of the internet, like 24 hours as you said, I think there wouldn't be much happening in the market when the internet goes away because no one will have access to their assets or the markets, and things will start from where they were left, however, there will be a lot of panic among people if there is no internet for about a whole day, and out of that panic, a lot of people might start selling their assets as a first thing when the internet comes back, and that is surely going to affect the market, badly.

If people don't panic, keep holding their assets, and do what they were doing before, the market won't be affected at all. Besides Bitcoin and blockchain technology, there will be a lot of panic in the world in general if there is an internet outage for such a long period, countries will lose extremely large amounts of money because of it.

You are right in it. Having a temporary shutdown even just for a day will definitely affect the whole blockchain of bitcoin since all investors would certainly panic knowing they can’t access their investment, much more if the internet shutdown will last for a week or month. Although hodling is the key, but we all know how these investors would turn out emotional if negative things will run in their minds, it’s either they can’t access their bitcoin investment anymore and so they have to sell their coins as early as possible, or some might remain calm but deep inside they are also triggered by internet shutdown if ever it won’t be back anymore.

[Value.Virtue]

I recently made comment on a Thread by @NotATether and it actually made me had a deep thought on what really the fate of bitcoin would be without the internet because we are know that we’re in a world of possibilities and anything(absolutely) can be possible and what if maybe there was a global shutdown on the internet m, what will happen to bitcoin ?

My question was born out of curiosity and I’m not actually inclined on the technicalities of bitcoin and I just want to know the fate of bitcoin if there was no internet for maybe 24 hours

Nothing will happen to Bitcoin if the Internet is shut down for some hours or days, if there is global shutdown of the Internet Bitcoin will gain temporary stability because demand and supply will tend to zero or buying and selling will tend to zero and Bitcoin current price will be stable and when the Internet is back everything starts working, you won't loose the number of your BTC in your wallet and no one can access it, at that point on the Blockchain no execution of transactions and approval of transactions or earlier initiated transactions will be all held pending just like in buffer until the Internet restarts, this scenario will affect virtually every thing and not only BTC and we don't pray for that to occur at all...

[HelliumZ]

I recently made comment on a Thread by @NotATether and it actually made me had a deep thought on what really the fate of bitcoin would be without the internet because we are know that we’re in a world of possibilities and anything(absolutely) can be possible and what if maybe there was a global shutdown on the internet m, what will happen to bitcoin ?

My question was born out of curiosity and I’m not actually inclined on the technicalities of bitcoin and I just want to know the fate of bitcoin if there was no internet for maybe 24 hours

Nothing will happen to Bitcoin if the Internet is shut down for some hours or days, if there is global shutdown of the Internet Bitcoin will gain temporary stability because demand and supply will tend to zero or buying and selling will tend to zero and Bitcoin current price will be stable and when the Internet is back everything starts working, you won't loose the number of your BTC in your wallet and no one can access it, at that point on the Blockchain no execution of transactions and approval of transactions or earlier initiated transactions will be all held pending just like in buffer until the Internet restarts, this scenario will affect virtually every thing and not only BTC and we don't pray for that to occur at all...

Yes, if the internet system goes down worldwide, Bitcoin will have a huge impact, but only transactions will be affected, not supply or demand. Due to political reasons in my country this month, the entire internet system was off for more than 10 days, so I could not access Bitcoin and Bitcoin forums. Not only me, over five million users in my country, none of them could transact bitcoins.  As a result, there was no impact on the price of Bitcoin because only Bangladesh internet system was off for 10 days, in this case only Bangladesh cannot have any impact on Bitcoin.  But if the entire internet system were to shut down all over the world, there would be a huge impact on Bitcoin.

[NotFuzzyWarm]

If the Global internet goes down for a prolonged time - which is exceeding unlikely because it is designed to eventually route around problem areas - the effect on Bitcoin should be the last of anyone's worries. Literally everything from banking systems, stock markets, television/streaming services, logistics, long distance phone service, etc will be down as well. The fact that your tx's cannot be processed will be irrelevant until everything else gets back online...

[AirtelBuzz]

Yes, if the internet system goes down worldwide, Bitcoin will have a huge impact, but only transactions will be affected, not supply or demand. Due to political reasons in my country this month, the entire internet system was off for more than 10 days, so I could not access Bitcoin and Bitcoin forums. Not only me, over five million users in my country, none of them could transact bitcoins.

A global shutdown of the Internet may be imaginary. We can't even imagine it. The internet system in the country you mentioned was down for a few days so people there couldn't access bitcoin forums and exchange bitcoins simply because of no internet. However, the country did not have internet for a total of five days but broadband net was provided after five days which brought back normal comfort among people and Bitcoin traders.

As a result, there was no impact on the price of Bitcoin because only Bangladesh internet system was off for 10 days, in this case only Bangladesh cannot have any impact on Bitcoin.

If there was no Internet system in Bangladesh then Bitcoin might not have been affected because Bitcoin is still not legal in this country. Despite Bitcoin not being legal, there are millions of members in this country who are Bitcoin traders whose activity was affected due to lack of internet.

[Sexylizzy2813]

I understand where you're coming from OP and I had a thought about this internet going off for sometime and how things will be like concerning Bitcoin. When you talk about Bitcoin on how it will be like maybe to the world I don't think anything big is going to happen like an obstruction to cryptocurrency, it will still be there waiting for it to start running again (after the internet issue is being fixed), after all when there was no internet or Bitcoin everybody was living a simple life like those things don't matter, the highest that can happen to Bitcoin is that, it will look like it was paused like all transactions and all that for maybe the supposing 24hrs (like you said) until the internet comes back to life, it doesn't mean that's the end of Bitcoin no, internet issues can't drag Bitcoin to where it can never be heard of.

[doomloop]

I recently made comment on a Thread by @NotATether and it actually made me had a deep thought on what really the fate of bitcoin would be without the internet because we are know that we’re in a world of possibilities and anything(absolutely) can be possible and what if maybe there was a global shutdown on the internet m, what will happen to bitcoin ?

My question was born out of curiosity and I’m not actually inclined on the technicalities of bitcoin and I just want to know the fate of bitcoin if there was no internet for maybe 24 hours

I think the only thing that will be affected first is its value and that is ; it can become stable because there is no way people can make a live transaction. I say live because it is still possible to make an offline transaction but it will not affect the price of Bitcoin.

Bitcoin itself can't get affected by the phenomenon but if the problem persists, then I'm afraid that Bitcoin might be forgotten by the public. That's going to be the reason for its collapse. What you said is true that there is always a possibility and this is why there are now generators, solar, wind, water, etc... energies and other back-ups just in case there is a power interruption or something which can cause for the internet to shutdown, so there is no way that there would be an internet blackout even for 24 hours only because you know the internet now is very important.

Majority of the people in the world rely on it at all times, this is why the experts protect it at all costs. The only way that I know for the internet to get shutdown (not only for 24 hours) but permanently is when there is a huge asteroid that will hit the earth, though it's not just the internet that will get shutdown but also everything in this world.

[Obari]

I understand where you're coming from OP and I had a thought about this internet going off for sometime and how things will be like concerning Bitcoin. When you talk about Bitcoin on how it will be like maybe to the world I don't think anything big is going to happen like an obstruction to cryptocurrency, it will still be there waiting for it to start running again (after the internet issue is being fixed), after all when there was no internet or Bitcoin everybody was living a simple life like those things don't matter, the highest that can happen to Bitcoin is that, it will look like it was paused like all transactions and all that for maybe the supposing 24hrs (like you said) until the internet comes back to life, it doesn't mean that's the end of Bitcoin no, internet issues can't drag Bitcoin to where it can never be heard of.

Frankly, I don’t think it will be easy to go back to the era where there was no internet and everything still goes smoothly because currently now, it seems the world is already very versatile and an obstruction on the Internet for a longer period than expected  will not just only affect bitcoin but will affect a whole lot of things.
I read a recent comment, where one user of the forum said the internet was shutdown in their country and I think I can’t recall the actual poster but I think the user makes updates on airdrops in the forum and if we can ask the user what the experience of not having internet looks like and you’ll understand that, internet seems like modern day oxygen.

Have you also thought of the possibility of people dumping bitcoin out of fear of uncertainty, we as bitcoin enthusiast already know that every dip is an opportunity to invest but meh as humans, the fear of the unknown is always held at some corner of our heart.

If the Global internet goes down for a prolonged time - which is exceeding unlikely because it is designed to eventually route around problem areas - the effect on Bitcoin should be the last of anyone's worries. Literally everything from banking systems, stock markets, television/streaming services, logistics, long distance phone service, etc will be down as well. The fact that your tx's cannot be processed will be irrelevant until everything else gets back online...

Exactly but o think transactions and how to secure one’s coin will be topmost priority to anyone who has reasonable amount of coins in their portfolio.
On the other hand, we all know that it will be really hard for the possible of not having internet globally to happen but we’re all assuming

[2Pizza410000BTC]

I recently made comment on a Thread by @NotATether and it actually made me had a deep thought on what really the fate of bitcoin would be without the internet because we are know that we’re in a world of possibilities and anything(absolutely) can be possible and what if maybe there was a global shutdown on the internet m, what will happen to bitcoin ?

My question was born out of curiosity and I’m not actually inclined on the technicalities of bitcoin and I just want to know the fate of bitcoin if there was no internet for maybe 24 hours

Those who are Bangladeshis can answer your question very well and if you are a Bangladeshi then you have got the complete answer. I am a Bangladeshi, the situation in my Bangladesh has reached extreme levels these days, here a few days ago due to student quota movement, internet was shut down for five consecutive days, due to which we were completely isolated from the online world. After five days without internet, I realize that nothing is possible in the online world without internet. So it is not possible to use Bitcoin without internet. These five days I feel so helpless that I cannot express in words. Every Bitcoin user has suffered greatly because of the internet shutdown for these five days, not only Bitcoin users but every human being has suffered greatly. So being a Bangladeshi and out of internet I understand that without internet Bitcoin would be completely stagnant because without internet how would you transact and work. I repeat I needed some money in these five days because I didn't have internet I couldn't sell crypto currency and I couldn't withdraw money so this means that if there is no internet all over the world bitcoin will stop working.

[Sexylizzy2813]

I understand where you're coming from OP and I had a thought about this internet going off for sometime and how things will be like concerning Bitcoin. When you talk about Bitcoin on how it will be like maybe to the world I don't think anything big is going to happen like an obstruction to cryptocurrency, it will still be there waiting for it to start running again (after the internet issue is being fixed), after all when there was no internet or Bitcoin everybody was living a simple life like those things don't matter, the highest that can happen to Bitcoin is that, it will look like it was paused like all transactions and all that for maybe the supposing 24hrs (like you said) until the internet comes back to life, it doesn't mean that's the end of Bitcoin no, internet issues can't drag Bitcoin to where it can never be heard of.

Frankly, I don’t think it will be easy to go back to the era where there was no internet and everything still goes smoothly because currently now, it seems the world is already very versatile and an obstruction on the Internet for a longer period than expected  will not just only affect bitcoin but will affect a whole lot of things.
I read a recent comment, where one user of the forum said the internet was shutdown in their country and I think I can’t recall the actual poster but I think the user makes updates on airdrops in the forum and if we can ask the user what the experience of not having internet looks like and you’ll understand that, internet seems like modern day oxygen.

Have you also thought of the possibility of people dumping bitcoin out of fear of uncertainty, we as bitcoin enthusiast already know that every dip is an opportunity to invest but meh as humans, the fear of the unknown is always held at some corner of our heart.

Definitely it will affect a lot but all I'm saying is that no matter how long it takes before the failed internet connection comes back nothing will happen to Bitcoin, the highest that can happen is businesses will be down and it may not even take too long before they get it fixed, since we are now used to the fact that the internet has a greater role to play in our lives it can't take long to sort out the issue.
I get your point, bro if such a thing happens like globally I think it will be like a blackout to many. The thing is that we have attached ourselves too much to the internet that if it goes down it will affect every single person but I assure you that it won't take long for it to be fixed (I say it again) because it will affect so many things excluding Bitcoin, people might lose their lives (those travelling by air or otherwise) due to this issue. And you'd agree with me that how it affects Bitcoin would be that last thing you can think of but I pray it doesn't come to light.

[Out of mind]

Today as we know digital world everything transaction and communication is done through internet. In that case, if the internet is shut down, then of course, not only Bitcoin, but all the world will face huge financial problems. And the question you have asked I think the internet will never be shut down worldwide because in today's age internet is the life of every country. And nothing will happen in the world that will cause all internet systems to shut down, and if that happens, it is possible that the value of Bitcoin will drop, but it is unrealistic. Since internet is the life of every country in today's world, no country can run without internet, so internet will not be stopped in any way around the world. Moreover, today the world has progressed a lot depending on the internet and the internet is the most important role for the advancement of this world. Every country's government depends on their internet the most, and they give a lot of importance to it, so that there is no possibility of internet shutdown in the future without any impact on the internet.

[ThemePen]

If we are talking about a temporary shutdown of the internet, like 24 hours as you said, I think there wouldn't be much happening in the market when the internet goes away because no one will have access to their assets or the markets, and things will start from where they were left, however, there will be a lot of panic among people if there is no internet for about a whole day, and out of that panic, a lot of people might start selling their assets as a first thing when the internet comes back, and that is surely going to affect the market, badly.

If people don't panic, keep holding their assets, and do what they were doing before, the market won't be affected at all. Besides Bitcoin and blockchain technology, there will be a lot of panic in the world in general if there is an internet outage for such a long period, countries will lose extremely large amounts of money because of it.

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I also think temporary internet shutdown would cause a lot of panic and might affect market. When internet is down investors ca not access their accounts or trade so nothing happens. But when it comes back on people might rush to sell their assets which could cause market problems. If investors stay calm and do not sell market will probably be okay. A long internet outage would affect not just market but the whole world causing big financial losses. Bitcoin and blockchain technology might be affected too but the biggest impact would be on the world.

[Solokan]

My question was born out of curiosity and I’m not actually inclined on the technicalities of bitcoin and I just want to know the fate of bitcoin if there was no internet for maybe 24 hours

Simply no one would be able to do any kind of transactions in or out of bitcoin. In the 24 hours of no internet, I can imagine that the value of bitcoin will remain the same as I have said no one can buy or sell bitcoin. However it is possible that as soon as the internet is back, people take out their bitcoins in fear and anxiety of losing their money. The market may experience a huge crash after the internet is back but most likely the world will be suffering from all kinds of consequences not just bitcoin.

Your explanation is very good and makes sense, friend. Yes, if for example the internet is down for 24 hours, there will definitely be no buying and selling activity and of course what makes the BTC price go up and down is because of buying and selling transactions. However, there will definitely be an impact if the internet is good again and I agree with your opinion because there will definitely be the potential for the price of BTC to fall because it is caused by some people who panic and feel that BTC is very high risk and end up selling their BTC.

but of course some people will have the potential to take advantage of this situation and buy BTC at a cheap price and of course there will also be people holding onto their BTC, yes basically there will definitely be a fight between sellers and buyers. but I predict that even if there is a decline, I am sure that the price of BTC will recover because I am sure that as long as the internet is still there and even if the internet is down, it can be turned on again. I am sure that people who adopt BTC will definitely not decrease and ultimately the price of BTC will remain safe.

Yes, of course apart from BTC it will also have an impact, but of course I hope that the internet will not die and that the world will always be full of peace

[Woodie]

It would depend in which part of the world is affected because if for example the location has most miners and if internet is down this might mean longer waiting times for confirmations to happen...or say if this affected area has most Bitcoiners & traders this might mean less price movements for the duration of the blackout but I don't think there might be so much damage to the crypto ecosystem unless it's politically motivated!!!

Btw, recently was made aware of a country world blackout in some Asian country and most crypto businesses run by some of its citizens came to a standstill and all users of the services had to wait for the internet to be restored..which meant it was a temporary disruption going on.

[Bitcoin_people]

I recently made comment on a Thread ~~

My question was born out of curiosity and I’m not actually inclined on the technicalities of bitcoin and I just want to know the fate of bitcoin if there was no internet for maybe 24 hours

The Internet is one of the main sources of communication and financial transactions of mankind in the world. When you want to trade from one place to another you will definitely need internet even if you are trading bitcoins you will need internet. If the internet were to be shut down globally, every country would surely suffer a huge loss, but this curious thing will never happen. The government of every country values the internet sector the most due to which they never want a country to suffer huge losses so the internet will never shut down. However, in the country where I live, the internet systems were down for a week, although now we have regained the internet, but my country has suffered a lot of losses financially, but the government has no problem with it. This one week every person in my country was disconnected from internet and also no transactions could be done through internet especially I couldn't keep track of what position bitcoin went to. However, the internet will never be shut down worldwide, so if there is a politically adventurous, shamelessness government like us in any country, then the internet will be shut down in that country.

[SickDayIn]

Trust me, the internet is never going down (permanently). There might be some minor disruptions, but the world is beyond interconnected at this point.