How Bitcoin Could Go To $0



How Bitcoin can go to $0 if the internet shuts down.
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What would happen to financial markets – specifically crypto markets if the internet shut down? Would it go to $0? Let’s talk about it.

HOW WOULD THE INTERNET SHUT DOWN?
A solar flare with a powerful CME (Coronal Mass Ejection)

WHAT IS A CORONAL MASS EJECTION?
In contrast to a solar flare, a coronal mass ejection is a superstorm of ultra charged plasma that creates geomagnetically induced currents that could affect the Earth’s crust and temporarily shutting down all power.

WHAT WOULD HAPPEN TO FINANCIAL MARKETS?
If a CME hit us that would mean a disruption to our electrical grid which would potentially cause a worldwide blackout which would also affect satellites in outer space. This means navigation systems would stop working, we wouldn’t be able to call people or use social media, our computers wouldn’t turn on, gas stations, and pretty much anything that uses credit cards – including banks – would stop working for a period of time. Airplanes wouldn’t be able to take off and that means no more traveling and arguably the worst consequence is health because hospitals need electricity to run. All of this to say, the financial markets would not be the top priority.

WOULD THIS BE THE END OF BITCOIN?
Bitcoin needs the internet because it relies on miners to run its ledger which is an online record of every single transaction that has ever taken place. There are currently about 11,000 nodes running on the network.

A node is someone who stores the Bitcoin ledger. Every miner is a node, but not every node is a miner. As long as 1 miner survives, Bitcoin will too. But if a global event like that happened, Bitcoin’s price would nosedive, people would lose all faith and all hope in the system, a lot of people would run for the exit and Bitcoin would be left with a choice. Continue mining, or destroy itself.

WOULD BITCOIN GO TO $0?
If there is only 1 miner left – they would have 100% control of the network and that’s never happened before except one other time – when Satoshi Nakomoto created Bitcoin.

If only 1 miner is left interesting things begin to happen because Bitcoin was designed to adjust its difficulty depending on the hash rate. If the hash rate decreases, the difficulty to mine Bitcoin would also decrease which means the lonely miner would have a lot of incentive to keep Bitcoin alive.

BUT WHAT IF EVERY COMPUTER GOES DOWN AT THE SAME TIME?
The financial markets would shut down and trading across the world would stop.

In 1858 two steam-powered battleships met in the middle of the ocean to link a 2,500 mile long cable bringing the North American and European continents together so we could telegraph each other.

The first message we sent took over 17 hours to arrive. Today there are over 380 of these cables underneath the ocean spanning over 745,000 miles. That’s our internet and it connects our continents together which means if a CME causes a large enough disruption – it could damage those cables.

NOTE: Even though fiber optic cables are not affected by Geomagnetically Induced Currents – because the cables are so long, we installed repeaters at certain intervals to amplify their signal – and the repeaters are susceptible to disruption which could cause an entire cable connecting two continents to fail.

WHAT ARE THE CHANCES OF THIS HAPPENING?
According to the Proceedings of the National Academy of Sciences the odds of another Carrington magnitude event like the one that happened in 1859 happens once every 150 years or so. The last time a Carrington class event happened was in 2012 and fortunately it missed us by just 9 days.

HOW MUCH WOULD IT COST TO FIX?
It is estimated to cost the economy 2 trillion dollars.

HOW DO I PREPARE IN CASE IT HAPPENS?
Watch the video, enjoy!

*None of this is meant to be construed as investment advice, it’s for entertainment purposes only. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

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44 thoughts on “How Bitcoin Could Go To $0”

  1. I'm not here to preach to the choir and tell you why Bitcoin is awesome – I want to convince non believers by testing people's worst fears against it which is why I titled it the way I did (so people can learn something new).

    Reply
  2. Hi from California I tried stock trading last year, I lost my trading money, this time I want to try again. I do not want to do it all by myself, I need good advice from a good strategist any good advice will do for now regards

    Reply
  3. HELLO SIR, I HAVE BEEN WATCHING SO MANY VIDEOS ABOUT CRPTO AND FOREX TRADE INVESTMENT BUT YET I'M STILL MAKING LOSSES TRADING ON MY OWN, PLEASE CAN YOU GIVE ME A GOOD STRATEGY OR AT LEAST ADVICE ON HOW TO MAKE GOOD PROFIT THROUGH INVESTING

    Reply
  4. So what would happen if the debt ceiling isn't supported by repuklicans …. then btc would hit 1 million …. the dollar would falter and be less than doge … its up 30% in 10 in days .. what if everything is wrong?

    Reply
  5. When the internet shuts down is when you know WW3 is upon us. Otherwise it will not shut down, but when governments outlaw crypto as a treat to governments stability and no one can convert their fiat currency from crypto is going to suck.

    Reply
  6. <Thank you for your videos mate.I will advice traders esp newbies to have orientation of trading before they get involved in it because the cyrpto market has been unstable, forget predictions and start making a good profit now because future valuations are all speculations and guesses. When news gets bearish start buying. "Keep it simple" That correction was the best thing that happened me. but all thanks to Rico Alan for his amazing skills for help me to earn 8 BTC through trading chart. I believe we are in the spring phase.

    Reply
  7. I believe The reason why Facebook went down and everything that it owns is because at the same time a whistleblower of Facebook was testifying because of the shady practice that they were doing and so Facebook literally shut all its systems down to probably either erase or cover up everything that this person was testifying about them. Think about it nobody either claimed responsibility of this or had any good reason why it happened. Other than the whistleblower was testifying at that moment

    Reply
  8. It's strange how people take about all the profits, they've been making through trading Bitcoin, while I lament of not making any profit at all. Please can anyone put me through on the right path or at least tell me what I am not doing right?

    Reply

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