If the internet goes down suddenly, what will happen to you and Bitcoin?

[bayu7adi]

We know that Bitcoin is easier to access using the internet, including all transaction needs... however, that doesn't mean Bitcoin can't be transacted without the internet.

If you look at the impact of the internet on cryptocurrencies today, it is huge. And what happens if the internet is lost???
Will you regret owning Bitcoin now? And will you fall into poverty seeing that your assets cannot be sold on any exchange?

[albon]

Internet use of cryptocurrencies has increased tremendously over the past few years. So if the internet goes down there will be no end to our suffering because we can work on the crypto market for it. Besides, there are many people who will be in financial trouble because many investors in the crypto market have invested by selling their assets as well. But some people will have a life of poverty and some people will have less amount of loss. You need to know that there are rich and poor in the crypto investment market so if the internet goes down everyone will suffer. In that case i think big investors will suffer more losses.

[Dr.Bitcoin_Strange]

Internet use of cryptocurrencies has increased tremendously over the past few years. So if the internet goes down there will be no end to our suffering because we can work on the crypto market for it. Besides, there are many people who will be in financial trouble because many investors in the crypto market have invested by selling their assets as well. But some people will have a life of poverty and some people will have less amount of loss. You need to know that there are rich and poor in the crypto investment market so if the internet goes down everyone will suffer. In that case i think big investors will suffer more losses.

Did you say increased?
Crypto is where it is today simply because of the internet, the internet is literally crypto if you ask me.
With the help of the internet, the whole world knows about crypto. Let's just assume that there was actually a way that crypto could be transacted and exchanged without the internet, it'd still be difficult for crypto to attain mass adoption without the aidbof the internet, because how exactly would it reach the whole world so easily?

[JoyMarsha]

If the internet is lost today, I think it will affect our daily lives not only in bitcoin.

Since the creation of the internet, almost all of our life dealings are dependent on the internet. which we can highly said that the internet is part of us in running and dealing with most of our social and economic lifestyle that evolves around the digital transmission, that the internet controls.

Without the internet, our life's will be boring and there wont be inflow and outflow of businesses that can affect the way we live

[MrSpasybo]

If the internet is lost today, I think it will affect our daily lives not only in bitcoin.

Since the creation of the internet, almost all of our life dealings are dependent on the internet. which we can highly said that the internet is part of us in running and dealing with most of our social and economic lifestyle that evolves around the digital transmission, that the internet controls.

Without the internet, our life's will be boring and there wont be inflow and outflow of businesses that can affect the way we live

Yeah, if the internet is no longer available, we will have many more problems to worry about, including interacting with bank accounts, credit cards, and many other activities such as transportation, education, and commerce... We will have to go back to the time before 1969, using cash + phone/fax + paper for everything, especially exchanging information.

It would be a big shock to all of humanity, and I believe that many billionaires will lose money in their bank accounts or the stock market, a crisis even greater than the collapse of blockchain and crypto. In case I had about 1000 BTC and that was my entire fortune, I would definitely regret not using that money to buy gold and become rich in the non-internet era ^^

[taufik123]

If the internet were to go out completely, it would be a disaster that would affect all sectors, including affecting how Bitcoib works.
It will be a non-natural disaster that is quite terrible when all means of information are cut off and it is like the world is drowning in a silence.

Modern people will not be able to live without the internet because it has become a primary need that must not be lost.
Right now if the internet is temporarily lost then there will be many complaints

[TomPluz]

I would say that the internet has become one of the most important foundations of the digital life that we are experiencing today and it would be easy to surmise that without the coming of the internet I don't think there can be the cryptocurrency industry that we have right now...it is not just possible. The internet united the global market for business of almost all industries, connect people of all countries except maybe North Korea and similar territories and successfully opened up many new possibilities that we have seen for the last decades that we experienced them. The internet is just like the invention of electricity which paved the way for the modern living to come and be experienced by all of us and it changed lives for the better. Now, in case the internet can be gone there must be a big reason for it...so I am thinking of a global nuclear war enveloping all countries just like the idea of a World War 3 coming to all of us in all corners of the globe. In this case, there is no need to say that life as we know it will cease and there will no more business to think about and there is actually no use for cryptocurrency as survival can be at stake. And lastly, even the use of the fiat money will not anymore be of use so we would have a chaotic economy by then. On the other side, StarLink of Musk may be able to provide us the internet connection we all need, if its satellites above will not be destroyed by China, Russia or Iran.

[LogitechMouse]

Re: If the internet goes down suddenly, what will happen to you and Bitcoin?

As a person who heavily relies on the internet for a living, I'm sure that I will be affected very much.

My source of income is pretty much online, and even though I still have an option to work as a government employee here in our place, I choose not to because I believe that the income that I can get online is much higher than what I can get. We are now living in a digital era where most of the people are into gadgets. Most people who have gadgets also want to have an internet connection as well. It's like internet is becoming a necessity already because most are dependent on it, and some already came to a point where they can't live without internet.

Overall, it will not only be crypto and Bitcoin that will be affected on my part, but my everyday life as well.

[Stompix]

Internet use of cryptocurrencies has increased tremendously over the past few years.

Cryptocurrencies have always used the internet, pretty simple, no internet no cryptocurrency!

On the other side, StarLink of Musk may be able to provide us the internet connection we all need, if its satellites above will not be destroyed by China, Russia or Iran.

Starlink still needs ground stations to rely on the information for all the internet to the satellites and back, so if something happens to the fiber optic cables under the sea for example, then the satellites themselves will be nearly useless, and trying to get every data center in the world on board is simple making a million smaller ground stations, with skyrocketing prices for bandwidth.

If somehow the traditional cable internet goes down, we're *****!
Crypto will be our last concern by then!

[libert19]

That's a good question, and same has crossed my mind a few times. However, what I think is; Internet is too big to fail and not just crypto but even governments heavily depend on Internet so it's close to impossible scenario.

And will you fall into poverty seeing that your assets cannot be sold on any exchange?

If one has significant assets, I would suggest converting their crypto into something tangible such as real estate. Crypto is still fragile, whether Bitcoin or otherwise and imo if one has good portion of wealth in crypto he's better off diversifying.

[armanda90]

Internet is most important psrt in cryptocurrency trading and we can't trade yet when internet going down. If happening in the same moment around the world I don't think get bad impact because all trader not get access for trading to sell or buy bitcoin assets. But get difference if internet go down with some country only will get bad impact for us can't sell if bitcoin price raise up or buy back if get opportunity with bitcoin proce going down. Some time I got boring when nog getting access with internet and can't update yet market price.

[robelneo]

We know that Bitcoin is easier to access using the internet, including all transaction needs... however, that doesn't mean Bitcoin can't be transacted without the internet.

If you look at the impact of the internet on cryptocurrencies today, it is huge. And what happens if the internet is lost???
Will you regret owning Bitcoin now? And will you fall into poverty seeing that your assets cannot be sold on any exchange?

So many things are on the internet, and one of these is Cryptocurrency; if there is no more internet, all the Cryptocurrency we hold will be rendered useless, and there will be a big disruption of service. We will all have a drastic change in our lives because, for most living on this planet, the internet has become a big part of their lives.

I'm not saying it is a doomsday scenario, but so many things will slow down, especially communication. It's like we are going to live like in the 1980s and 1990s.

[Lucius]

~snip~
If somehow the traditional cable internet goes down, we're *****!
Crypto will be our last concern by then!

It seems to me that a world without the internet would become a pretty apocalyptic place (at least for a while), but people would adapt as always. Of course, this would have indescribable implications for Bitcoin and anything else that depends on the internet, but I hope it will not come to that - because if something like that were to happen, it would probably be a consequence of some global natural disaster or a new world war. In that case, what will be most valuable is food, water, medicine and means of self-defense.

[Crypto Library]

We know that Bitcoin is easier to access using the internet, including all transaction needs... however, that doesn't mean Bitcoin can't be transacted without the internet.

If you look at the impact of the internet on cryptocurrencies today, it is huge. And what happens if the internet is lost???
Will you regret owning Bitcoin now? And will you fall into poverty seeing that your assets cannot be sold on any exchange?

Why the target is only the cryptocurrencies and bitcoin? Currently banking system are also depended on internet for transaction and transferring their data. And even there are also many sectors which is now fully depended on internet and they can't go a single day without internet so if the internet is lost then people will face issues not only in case of Bitcoin they will face also some difficulty in others sector. Currently I don't think it will ever happen that the entire world internet will be shut down all at once.  Although there may be some internet slowdown in case of solar storm, it will be temporary but it is true that it will have some negative impact for those who will be trading in cryptocurrencies.

[Dr.Bitcoin_Strange]

We know that Bitcoin is easier to access using the internet, including all transaction needs... however, that doesn't mean Bitcoin can't be transacted without the internet.

If you look at the impact of the internet on cryptocurrencies today, it is huge. And what happens if the internet is lost???
Will you regret owning Bitcoin now? And will you fall into poverty seeing that your assets cannot be sold on any exchange?

So many things are on the internet, and one of these is Cryptocurrency; if there is no more internet, all the Cryptocurrency we hold will be rendered useless, and there will be a big disruption of service. We will all have a drastic change in our lives because, for most living on this planet, the internet has become a big part of their lives.

I'm not saying it is a doomsday scenario, but so many things will slow down, especially communication. It's like we are going to live like in the 1980s and 1990s.

Every aspect of the countries economy uses the internet, from national and international markets, to banks and to schools, hospitals, churches and other important associations and aspects of the economy utilizes the internet, so if the internet happens to disappear today, you're absolutely right that the world economy woupd be crippled for quite a long time, until they're able adapt or sort for other alternatives to substitute the internet to facilitate things.