<p>Of course, assuming you could actually pull it off (which is near impossible at this point, but assume you could) but also keep in mind that bitcoin doesn't actually <em>need</em> the internet to continue working.</p>

<p>In all honesty though, bitcoin's market price would be the least of our worries in the event of a total internet shut-down.</p>

CC BY-SA 3.0
2016-05-04T03:41:57.213Z
2016-05-04T03:41:57.213Z
Klakurka
<p>What will happen to the value of bitcoin in the immediate aftermath of an internet "take-down?"  I assume that it will be temporary, but wouldn't this cause the comparative price of bitcoin be adversely affected due to the panic?</p>

CC BY-SA 3.0
2016-05-03T03:33:49.330Z
What is an "internet take-down"?
Greg Hewgill
CC BY-SA 3.0
2016-05-03T03:38:05.600Z
SHTF situation.  Take-down by government(s).  Ive seen plenty of people claiming that there will always be some sort of network available to facilitate spending bitcoin, but the only thing that maintains its value is faith.  If a SHTF event were to take place, I'm betting that many people might be inclined to devalue bitcoin because of this one vulnerability.
jawnee logik
CC BY-SA 3.0
2016-05-03T03:44:36.067Z
I am not a "true believer" (yet), but I am thinking of investing in bitcoin as a hedge against bank bail-ins.  However, if things get bad enough, and even if the government/banks can't get to them, my bitcoins could lose value .
jawnee logik
CC BY-SA 3.0
2016-05-03T04:53:33.387Z
I'm voting to close this question as it calls for speculation.  Nobody can predict how the price of Bitcoin would react to everyday events, much less completely hypothetical situations.
Nate Eldredge
CC BY-SA 3.0
2016-05-03T15:21:54.140Z
A better question might be "how could governments take down Bitcoin?".  As it is, your question is vague on the specifics of the scenario, and treads the line of price speculation.  People don't understand the situation you are asking about, and price speculation is not what this forum is for.
Jestin
CC BY-SA 3.0
2016-05-07T03:08:08.150Z
I believe you have all missed the point of my question.  I have not yet invested in bitcoin, so I'm trying to understand the inherent risks.  I think everyone, if they are honest, will agree that the value of bitcoin like all other currencies is based purely on its perceived value.  If access to the network were to be interrupted on a global scale, even momentarily, the value of bitcoin would sink like a stone.
jawnee logik
<network>
How will internet "take-down" affect bitcoin value?
jawnee logik
# How will internet "take-down" affect bitcoin value?

(Asked by: username_0 on 2016-05-03)

What will happen to the value of bitcoin in the immediate aftermath of an internet "take-down?" I assume that it will be temporary, but wouldn't this cause the comparative price of bitcoin be adversely affected due to the panic?

**Tags:** network

> **Comments:**
> **username_1**: What is an "internet take-down"?  
> **username_0**: SHTF situation.  Take-down by government(s).  Ive seen plenty of people claiming that there will always be some sort of network available to facilitate spending bitcoin, but the only thing that maintains its value is faith.  If a SHTF event were to take place, I'm betting that many people might be inclined to devalue bitcoin because of this one vulnerability.  
> **username_0**: I am not a "true believer" (yet), but I am thinking of investing in bitcoin as a hedge against bank bail-ins.  However, if things get bad enough, and even if the government/banks can't get to them, my bitcoins could lose value .  
> **username_2**: I'm voting to close this question as it calls for speculation.  Nobody can predict how the price of Bitcoin would react to everyday events, much less completely hypothetical situations.  
> **username_3**: A better question might be "how could governments take down Bitcoin?".  As it is, your question is vague on the specifics of the scenario, and treads the line of price speculation.  People don't understand the situation you are asking about, and price speculation is not what this forum is for.  
> **username_0**: I believe you have all missed the point of my question.  I have not yet invested in bitcoin, so I'm trying to understand the inherent risks.  I think everyone, if they are honest, will agree that the value of bitcoin like all other currencies is based purely on its perceived value.  If access to the network were to be interrupted on a global scale, even momentarily, the value of bitcoin would sink like a stone.  

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## 1 answers

### Answer by username_4 on 2016-05-04. Score: 1

Of course, assuming you could actually pull it off (which is near impossible at this point, but assume you could) but also keep in mind that bitcoin doesn't actually *need* the internet to continue working.

In all honesty though, bitcoin's market price would be the least of our worries in the event of a total internet shut-down.


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