If cryptocurrencies disappear - how will your life change ?

[alltalk]

This is why it's said that you should only use the amount of money that you can afford to lose to invest in crypto so that if it goes north, you wouldn't feel it that much and will move on with life. However, I will be the most affected, because I make a living from crypto and my savings is in crypto. It will be a double blow for me.

Exactly. We only invest in crypto with the amount of money that we can afford to lose. So, if something bad happens in the future, it won't bother our life. And we must also diversify our assets in other kind of investment such as in physical assets. In this way, we don't rely on the crypto investment only. It is not safe to invest in a single asset, it is better to invest in some kind of investments. It can decrease the potential risks, it also can raise the chance of getting higher profits.

[0t3p0t]

Exactly. We only invest in crypto with the amount of money that we can afford to lose. So, if something bad happens in the future, it won't bother our life. And we must also diversify our assets in other kind of investment such as in physical assets. In this way, we don't rely on the crypto investment only. It is not safe to invest in a single asset, it is better to invest in some kind of investments. It can decrease the potential risks, it also can raise the chance of getting higher profits.

Yeah I agree and I know that I will be messing up with my financial assets in the future because the way I gain my income is purely in just one source which is not that good and it was all in crypto and nothing else. This actually happened to me once when we were hit by the pandemic in 2019 and a supertyphoon way back in 2021 all of those really caught me off guard and that was really a heartbreaking experience and hopefully it will not happen to me once again.

[DragonF]

I will not be adversely affected because the majority of my investments are physical. As much as I believe in the cloud economy, I also consider a variety of scenarios that could occur, and these thoughts have always prompted me to make physical investments.

When it comes to investing in cryptocurrencies, I only invest in bitcoin because it is so promising; however, even if it disappears today, I would only lose 5% of my total investment, which I believe is insufficient to change my life. 

[philipma1957]

Let's model one situation - tomorrow morning, all cryptocurrencies cease to exist, there are no blockchains, no crypto exchanges, no P2P exchanges, no gates and other things inherent to the crypto market.
Question - what changes will happen in your life ? Just a request - let's be honest and not make things up, but objectively assess how the “disappearance” of cryptocurrencies can affect us?

Do I get to cashout today?

If no I lose three maybe four years pay. Plus I need a job as my pension is too small without the money I earn from crypto.

I would likely do uber or lyft to make money.

[Celsius]

This is a simple question because just as people's lives were normal when cryptocurrency did not exist, people's lives will continue to be normal even if cryptocurrency does not exist in the future. However, since people's lives are now familiar with Bitcoin, if Bitcoin does not exist in the future, it will have a negative impact on people's lives to some extent. When I consider this in my case, I can confidently say that my life will be affected to some extent. Because I am now involved with Bitcoin, it will be affected, at least temporarily.

[albon]

When it comes to investing in cryptocurrencies, I only invest in bitcoin because it is so promising; however, even if it disappears today, I would only lose 5% of my total investment, which I believe is insufficient to change my life. 

Then of course you need to keep the savings strategy in mind and you should start a job or business as well. There are many who accept crypto as the second source of income because they think that if the crypto is a big loss, then it will fulfill it with the profit of his business. Again, if you work for monthly or weekly pay then you will go ahead to manage your life. If you invest in crypto then you will never be free nind, but if you do a job or business then you will be a lot of free mind.

[debra]

There are many who accept crypto as the second source of income because they think that if the crypto is a big loss, then it will fulfill it with the profit of his business. Again, if you work for monthly or weekly pay then you will go ahead to manage your life. If you invest in crypto then you will never be free nind, but if you do a job or business then you will be a lot of free mind.

Yes, most people only consider crypto as their additional income. People still focus on their main jobs in real life. I think it is a good way because we can't rely on crypto for monthly income. Sometimes we can get losses in crypto although we often get profits. Trading and investing in crypto will be safe if we only make it as the second source of income. Moreover for crypto investment, we should wait for several years to take profits. We can't expect to get monthly income from crypto investment, specifically for a long-term crypto investment.

[bayu7adi]

Horrible, yes right now I am quite dependent on cryptocurrency to earn extra money which is quite a lot... if cryptocurrency is lost, it will make me have to find another side job to earn extra money and retirement savings... I feel helped by crypto, such as trading, campaigns and what I do most often is DCA for long-term investment... therefore, I pay more attention to cryptocurrency...

And if it were to suddenly disappear, it would take a long time to get something similar like cryptocurrency again. it's really quite a serious problem

[0t3p0t]

Horrible, yes right now I am quite dependent on cryptocurrency to earn extra money which is quite a lot... if cryptocurrency is lost, it will make me have to find another side job to earn extra money and retirement savings..

Yeah and I I am sure you are not alone on this path mate, I am also dependent on crypto when it comes to source of income and right now signature campaign is my only hustle though I am also practicing trading but still I am in a paper trade for now. We are one of those who really are affected when that tragedy will happen but I know we still can find ways to survive.

[albon]

Yeah and I I am sure you are not alone on this path mate, I am also dependent on crypto when it comes to source of income and right now signature campaign is my only hustle though I am also practicing trading but still I am in a paper trade for now. We are one of those who really are affected when that tragedy will happen but I know we still can find ways to survive.

Of course there will be new ways where everyone can make a lot of money for free. In the past there are many people have earned a lot of money only in bounty and airdrop. Later, a lot of scam projects emerged in ICO, IDO, IEO, which caused people to refrain from bounty, airdrop. However, Notcoin community created a big hype through telegram gaming where many people made money. Many people are leaning towards telegram gaming over this journey and people have made money from just a few projects. Currently this telegram gaming hype is about to end so everyone will find some different ways with the purpose of making money for free.

[Stuart]

It's certain that crypto currency can't disappear, but if it does, it will only affect me based on the money generated from it, the investment opportunities and safe place to keep my money, away from native banks which is under the government control.

I have a life on both worlds, just that it had more impact financially in supporting my real life existence. But one thing for sure, life must carry on, when one door closes, another opens.

[Chilwell]

It's certain that crypto currency can't disappear, but if it does, it will only affect me based on the money generated from it, the investment opportunities and safe place to keep my money, away from native banks which is under the government control.

I have a life on both worlds, just that it had more impact financially in supporting my real life existence. But one thing for sure, life must carry on, when one door closes, another opens.

what you said is absolutely right, when one door closes, another opens. I firmly believe that everything happen for a reason. I know that cryptocurrency has really had a greatest impact on our lives. but if it disappear and doesn't exist again what can we do. I know that something better will not slipped away from your hand unless something greater is going to replace it.

However, if cryptocurrencies were to disappear, I trust that something better would emerge. As they said "something greater is needed to replace something good" I have faith that even if cryptocurrency disappear today, something greater that will be more beneficial to us than cryptocurrency will be introduced. Although I know that the disappearance of cryptocurrency is going to be a disaster to some people who trade, hold, and invest heavily in cryptocurrency.

[electronicash]

It's certain that crypto currency can't disappear, but if it does, it will only affect me based on the money generated from it, the investment opportunities and safe place to keep my money, away from native banks which is under the government control.

I have a life on both worlds, just that it had more impact financially in supporting my real life existence. But one thing for sure, life must carry on, when one door closes, another opens.

what you said is absolutely right, when one door closes, another opens. I firmly believe that everything happen for a reason. I know that cryptocurrency has really had a greatest impact on our lives. but if it disappear and doesn't exist again what can we do. I know that something better will not slipped away from your hand unless something greater is going to replace it.

However, if cryptocurrencies were to disappear, I trust that something better would emerge. As they said "something greater is needed to replace something good" I have faith that even if cryptocurrency disappear today, something greater that will be more beneficial to us than cryptocurrency will be introduced. Although I know that the disappearance of cryptocurrency is going to be a disaster to some people who trade, hold, and invest heavily in cryptocurrency.

that something better is already here long before Bitcoin which is gold and its price surge recently.

but how would crypto disappear at this time while Trump is supporting it?  would it be because the internet is cut off like the cables under water that connects us all. we really are going to the medieval times when every transactions will be gold coins.

it will be chaotic before internet goes down and if they say this recession is going to be worse than 2008 where this could be an apocalyptic days, i think people will be relying on security and guns and ammo and food might just be move valuable than gold.

[Celsius]

It's certain that crypto currency can't disappear, but if it does, it will only affect me based on the money generated from it, the investment opportunities and safe place to keep my money, away from native banks which is under the government control.

I have a life on both worlds, just that it had more impact financially in supporting my real life existence. But one thing for sure, life must carry on, when one door closes, another opens.

When money was not invented, primitive people introduced a system of barter instead of money. After the invention of money, the system of barter disappeared. Therefore, people are constantly discovering new things contrary to necessity, and people are becoming so updated that they are no longer dependent on any specific thing. When there was no cryptocurrency, people's lives were normal and people trusted banks and kept all their assets in the bank. The history of the discovery of Bitcoin is not long, that is, before 2009, people did not know Bitcoin but their lives were normal, they also did business and trade and they also deposited money in the bank. That is, life is normal before something is discovered, and life will remain normal after it is discovered. That is, if at some point a thing disappears, human life may be temporarily affected, but it will be restored later.

[Aanuoluwatofunmi]

Currently I even know that cryptocurrency cannot just disappear like that, this has come to stay, some coins may come and go, but Bitcoin and cryptocurrency will always remain, but we cannot fully vouch on all these, but they are just our expectations with them base on our convincing their networks operates, however, we should also think about a possibility for anything created by man, it may change or got altered with time, but before then, we must have been well prepared for the worst scenario ahead, that is why it is very important that we have our asset diversified.