When Bitcoin fails - what is Plan B?

[Kakmakr]

Plan B could be other alt coins. I certainly hope that Plan B is another similar currency. The current fiat system is not sustainable.

Bitcoin is the best performing Crypto out there and the oldest. If Bitcoin fails, all the other Alt coins will suffer too. The public do not know the difference between LiteCoin or DogeCoin or Bitcoin. They will not invest their money into any other coin, if the Top performer fails.

Plan B, should be to create a disaster recovery plan to fall back on, if things turns bad. I think side chains linked to the Blockchain could spread the risk. If one chain fail, the others just take up the slack.

Do not hoard all your coins, start spending some. If it fails you would have had some benefit from it.

[jatin-221]

I dont think it will ever shutdown but if  it did then i will switch to any altcoin

[Furio]

It is inevitable that the banks join up and create a shared blockchain, the second this happens btc will become underground and will lose a big chunk of value, but for the underground still has its uses.

[Pursuer]

I am going to sell all of my savings before the possible doom (which I don't think can happen) and start over again with an alternative substitute like a promising altcoin.

[romero121]

I don't think there is a need for plan B when it comes to bitcoin. Bitcoin can be considered as a trusted cryptocurrency.
I feel this is not as other currencies that come into existence and won't last long time. At situation as said if it also
gonna fail, surely the authorities will have some remedies to stop it.

[rio3233]

Actually i don't have plan B for now. Because i only know, bitcoin is only the easiest way to earn free money. and i don't have plan B like how bitcoins works. so i hope bitcoin never fail.

[btckold24]

There is no plan B

Plan a is just not to invest so much that losing it all would be horrible.

Just like any investment make sure to diversify.

[randchingo]

There is no plan B because I don't think it will happen "any issues to Plan A in cryptocurrency", There are tons of other crypto's if there is a need.

[Pollak]

Plan B could be other alt coins. I certainly hope that Plan B is another similar currency. The current fiat system is not sustainable.

I would just work hard and find something else for some fun.
But I myself think that Bitcoin is much more popular and used more.

[jchst]

I think I'll go with Dogecoin, People have already given it plenty of interest. Darkcoin is interesting in a technical aspect too.

[n2004al]

This thread got me think:
https://bitcointalk.org/index.php?topic=912190.0


what's Plan B in case bitcoin suffers total failure?

I think that there is no need for a plan B. Reading the main post of the thread mentioned by the OP I think that cannot be any problem if the price drop at that amount and most of the farms close the doors because the mining will be not more profitable. According to me, with this massive close of doors, will come even the drop of the difficulty of mining and this will made again the mining a very profitable activity even mining with computes. Practically we will go back in time when was possible to mine and to have very good profits mining even with a laptop. It will be again the time of the "gold seekers" but this time will be the "bitcoin seekers". And I think that I personally would like to much this time if it would be possible to come again. But only with a condition. To last only the time needed to me (or even to the others who will do like me) to make some thousand bitcoins and then again the begin the normal jump of the price of bitcoin.

[eeaweeaws]

this is such a hypothetical scenario!

but if bitcoin fails someday, and price falls so low to two digits, i will sell all my bitcoins that i have saved up and take the cash and never look back at bitcoin ever again.
also i might still continue my work in altcoin market, because i am currently invested in some of them and earning some small profit through that, so it is always nice to earn money through trading no matter what the price of bitcoin is.

It is your choice but i don't know how are you using altcoin and how are you earning money through altcoin. I am using only bitcoin and i hope it is better than other currency and i always love bitcoin.

[john2231]

For me i don't have a plan b i will wait for the price increase again just like year ago thats a nature of bitcoin that the price will rise and dump
If you are don't believe in bitcoin you should have a plan b..

[DimensionZ]

If Bitcoin fails then I would start investing in precious metals instead the bad thing is that you can't conceal them like bitcoin

[RariBest]

i hope that bitcoin will not fail, it it fail there will be another alt-currencies leading the group, if the crypto will fails i'll return to Fiat, but i dont think so

[Betwrong]

As long as we need it and trust in it can't fail. Anything fails only in case nobody needs it anymore. On the contrary more and more people trust in Bitcoin, that's why the price of it only drops a little and then begins to rise again. So in short the Plan B is resurrection of Bitcoin.

[Zaragota95]

I think it is litecoin, looks like the only crypto that seems to have potential to be close to or even more than bitcoin with time.

[cryptimus prime]

If Bitcoin does not survive, it will be simply replaced by another coin. If you take your time for intensive reasearch of the altcoin market, especially the technology behind the coins, then it is pretty obvious which coin is most likely to be the replacement. I do not think it is Litecoin, because it would be not such a significant update. ETH may have a great future not only as currency, but at this time people could seek for something more simple, ETH is not that specialized to be just a value transfer system.

I won`t write which coin has the greatest potential to replace btc in my opinion, as then I will be accused of marketing, but simply ask yourself which features you would expect from a coin, which can`t be realized with BTC and which coin has the neccessary technology and development to offer this features.

One possibility is also the coexistance of several coins, with different specializations.

[ekoice]

This thread got me think:
https://bitcointalk.org/index.php?topic=912190.0


what's Plan B in case bitcoin suffers total failure?

I think that there is no need for a plan B. Reading the main post of the thread mentioned by the OP I think that cannot be any problem if the price drop at that amount and most of the farms close the doors because the mining will be not more profitable. According to me, with this massive close of doors, will come even the drop of the difficulty of mining and this will made again the mining a very profitable activity even mining with computes. Practically we will go back in time when was possible to mine and to have very good profits mining even with a laptop. It will be again the time of the "gold seekers" but this time will be the "bitcoin seekers". And I think that I personally would like to much this time if it would be possible to come again. But only with a condition. To last only the time needed to me (or even to the others who will do like me) to make some thousand bitcoins and then again the begin the normal jump of the price of bitcoin.

I feel the same either than there is no need of any sort of Plan B right now since Bitcoin is running successfully and carrying huge investments by people every day around the globe so no reason seems to be stronger enough to claim that Bitcoin bight close in future and surely no need of any Plan B.

[kevin go]

I am going to sell all of my savings before the possible doom (which I don't think can happen) and start over again with an alternative substitute like a promising altcoin.

how about if we dont have a chance to take a savings dude?for me its impossible btc will fails instead of many good advantage in there..maybe if happen ill try another currencies like altcoin or maybe in future there will be more good than this ill move in to there..