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

[AVE5]

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.

To my greatest knowledge, if the internet goes down, my bitcoin asset is also going down because the internet has been a networking system that authorizes accessibilities to my wallet so that I can utilize my funds.
You said we can access our bitcoin without internet, please I'll be interested to learn about this possibilities.

[libert19]

To my greatest knowledge, if the internet goes down, my bitcoin asset is also going down...

If there is instant world-wide Internet collapse, nothing will happen to the Bitcoin price, because well no one will be able to do anything about their Bitcoin holdings.

[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.

To my greatest knowledge, if the internet goes down, my bitcoin asset is also going down because the internet has been a networking system that authorizes accessibilities to my wallet so that I can utilize my funds.
You said we can access our bitcoin without internet, please I'll be interested to learn about this possibilities.

https://bitcointalk.org/index.php?topic=5389331.0

Read the topic on the BTT forum to find out more information... the language is Indonesian, if you want to translate it into English, I think Google Translate is a good friend, because the writing is very neat and in accordance with good language rules... .

So the conclusion is that there are several ways to broadcast Bitcoin transactions
1. Using satellite
2. Using the telephone/SMS network
3. Using radio waves as in this article https://www.wired.com/story/cypherpunks-bitcoin-ham-radio/

But unfortunately of the three methods, I haven't tried any of them, because I'm already used to the internet which makes it easier.

[Yamzakid]

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?

Many investors will regret it if the internet goes down since many would leave to live horrible life. Because I've learned from my research that you can't access cryptocurrencies without electricity and the internet, this will not just affect cryptocurrency investors but also countries that have approved its use. That's how it made me feel about how losing the internet might affect the crypto industry.

We live in an era where the internet has created every nation. Just think of the problems that may arise if a country lost access to the internet even for a single week. It could have a significant impact on some nations economies.
I can't live without internet even for two hours, and it's not that I'm always doing vital stuff, but I think about others who use it for online studies, traveling, and many other things.

[Makus]

Aside Bitcoin, the internet has great impacts in our lives. Without the internet, distance communication would be a barrier and all online transactions would not function. There is no way you'll regret having your Bitcoin on a wallet because there is no other functioning monetary alternative. Banks would be shut down because their transactions are processed online so it would be a general blackout to all sectors or financial institutions. This is more consequently than it may sound now as almost everything is getting digitalized, let's pray we don't have such experience.

[Freemind]

To my greatest knowledge, if the internet goes down, my bitcoin asset is also going down because the internet has been a networking system that authorizes accessibilities to my wallet so that I can utilize my funds.
You said we can access our bitcoin without internet, please I'll be interested to learn about this possibilities.

If the Internet suddenly stopped working globally, the value of Bitcoin and other cryptocurrencies would theoretically be unaffected, as no one (or very few people) would have access to their funds. Only satellite networks and some military networks, which always operate in isolation, would continue to function with some normality.

At that point, with all the chaos and problems that all countries would have, the value of cryptocurrencies would surely be the least important thing at that time for the population. Health systems, for example, would be the most affected, and probably also the defense systems of less advanced countries that do not have isolated networks or satellites.

[bayu7adi]

If the Internet suddenly stopped working globally, the value of Bitcoin and other cryptocurrencies would theoretically be unaffected, as no one (or very few people) would have access to your funds. Only satellite networks and some military networks, which always operate in isolation, would continue to function with some normality.

At that point, with all the chaos and problems that all countries would have, the value of cryptocurrencies would surely be the least important thing at that time for the population. Health systems, for example, would be the most affected, and probably also the defense systems of less advanced countries that do not have isolated networks or satellites.

Eummm... makes sense... even if people want to sell BTC, even if they have access to make transactions, it seems like no one else wants to buy it because their priority is their own safety and health. Perhaps more precisely, bitcoin transaction traffic has been temporarily stopped until the internet returns globally.

Many activities will be disrupted so that what is very likely to happen is panic and chaos between humans as a form of our instinct to survive.

[armanda90]

Aside Bitcoin, the internet has great impacts in our lives. Without the internet, distance communication would be a barrier and all online transactions would not function. There is no way you'll regret having your Bitcoin on a wallet because there is no other functioning monetary alternative. Banks would be shut down because their transactions are processed online so it would be a general blackout to all sectors or financial institutions. This is more consequently than it may sound now as almost everything is getting digitalized, let's pray we don't have such experience.

Bitcoin suddenly become dead coin without any valuable yet if internet going down and not way for recovering. I think is huge problem when bitcoin going down and all aspect get down with their operation access.
Not only with bitcoin but also having money in the bank get pitential for losing because the Bank operation stop immadiatelly without have internet access. Internet become most important of want bitcoin keep get values because we can't sell our bitcoin when many people can't opening the market without have internet access.

[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.

To my greatest knowledge, if the internet goes down, my bitcoin asset is also going down because the internet has been a networking system that authorizes accessibilities to my wallet so that I can utilize my funds.
You said we can access our bitcoin without internet, please I'll be interested to learn about this possibilities.

The possibility to access your bitcoin and also manage the assets isn’t dependent on the internet connection alone, this can hold true through the use of offline storages like hardware wallets or cold storages. These methods allow you to safely store your private keys and sign transactions out of the Internet environment, which adds extra protection to your means of managing bitcoins. Offline storage also gives the owner full control of the funds at any given point when the internet is not available, and it also provides a sense of security from the assorted internet threats which are ever so present in the kinetic world we live in.

[libert19]

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.

To my greatest knowledge, if the internet goes down, my bitcoin asset is also going down because the internet has been a networking system that authorizes accessibilities to my wallet so that I can utilize my funds.
You said we can access our bitcoin without internet, please I'll be interested to learn about this possibilities.

The possibility to access your bitcoin and also manage the assets isn’t dependent on the internet connection alone, this can hold true through the use of offline storages like hardware wallets or cold storages. These methods allow you to safely store your private keys and sign transactions out of the Internet environment, which adds extra protection to your means of managing bitcoins. Offline storage also gives the owner full control of the funds at any given point when the internet is not available, and it also provides a sense of security from the assorted internet threats which are ever so present in the kinetic world we live in.

Managing crypto assets is dependent on Internet though? Without Internet, wallet balance can't be fetched from the blockchain, the signed transaction can't be broadcasted.

[taufik123]

The possibility to access your bitcoin and also manage the assets isn’t dependent on the internet connection alone, this can hold true through the use of offline storages like hardware wallets or cold storages. These methods allow you to safely store your private keys and sign transactions out of the Internet environment, which adds extra protection to your means of managing bitcoins. Offline storage also gives the owner full control of the funds at any given point when the internet is not available, and it also provides a sense of security from the assorted internet threats which are ever so present in the kinetic world we live in.

Your statement about the management of crypto assets that do not always require the internet is true, but it does not completely require the internet because after signing offline it will certainly send the Transaction by connecting to the internet to broadcast it to the blockchain network.

And to monitor the price and see how the fundamentals are happening requires internet access, because the latest news about crypto will be important news for the rise and fall of crypto prices.

Crypto management, whether offline or online, is complementary and mutually needed, so this depends on the needs of each user.

[MrSpasybo]

Your statement about the management of crypto assets that do not always require the internet is true, but it does not completely require the internet because after signing offline it will certainly send the Transaction by connecting to the internet to broadcast it to the blockchain network.

And to monitor the price and see how the fundamentals are happening requires internet access, because the latest news about crypto will be important news for the rise and fall of crypto prices.

Crypto management, whether offline or online, is complementary and mutually needed, so this depends on the needs of each user.

Yeah, we can hold crypto offline but will always need online to determine value and transactions to realize profits and balance ^^

The blockchain itself is a network of decentralized nodes that interact with each other through the internet, so the blockchain cannot exist without the internet and so does crypto. I think this is obvious, and we should worry about bigger losses if the internet goes down forever, especially related to the supply chain, communication and databases.

[JunaidAzizi]

Yeah, we can hold crypto offline but will always need online to determine value and transactions to realize profits and balance ^^

The blockchain itself is a network of decentralized nodes that interact with each other through the internet, so the blockchain cannot exist without the internet and so does crypto. I think this is obvious, and we should worry about bigger losses if the internet goes down forever, especially related to the supply chain, communication and databases.

I have a little query about the closure of the internet worldwide. All the crypto world is working on the internet, and transactions take place, and we also pay to each other online, buy and sell, etc. If I have any assets in my wallet and when the internet is off, will this be valuable or not? Can I sell these coins in the wallet to some buyers? This question really confuses me about what will happen to us and if we will recover our investment from these wallets in case of internet loss.

We will go back to that older time when people used letters and pigeons for communication, and yes, this will take some weeks to reach out a letter to its destination. But another question arises here: whether people will survive without the internet? People are so addicted to this internet, and things are done in seconds. If this internet shuts down, people will be very disheartened and won't be able to do any hard work.

[armanda90]

Yeah, we can hold crypto offline but will always need online to determine value and transactions to realize profits and balance ^^
The blockchain itself is a network of decentralized nodes that interact with each other through the internet, so the blockchain cannot exist without the internet and so does crypto. I think this is obvious, and we should worry about bigger losses if the internet goes down forever, especially related to the supply chain, communication and databases.

Right, we can hold bitcoin assets with offline until how longer time but taking profit by selling and purchasing need internet access open the market and open order as sell or buy.
Almost close opportunity or impossible earn much profit and bitcoin keep existing when internet going down because there are not any seller or buyer are opening their position order on the market.
Internet is the first needed for cryptocurrency investor, without internet their bitcoin or cryptocurrency assets without valuable yet and we can't sell or buy it.

[Aanuoluwatofunmi]

Bitcoin is not relying on the Internet network because it mainly focuses on the blockchain technology and the bitcoin network which is a p2p network is also decentralized, bit for the sake of those already using a centralized exchange or hot wallets and their kinds, internet use may be required to connect their account on those exchanges or hot wallet.