Topic: Bitcoin Burning of Money (Read 952 times)
I think they say truely because bitcoins are really sinking the fiats by slowly taking over it globally
Bitcoin is a example of a future currency. Economist saying that Bitcoin is burning money but they should understand this thing that we can't stick to paper money.
Even when the Mobile phone came to the existence the old telephones got diminished. We people need to understand that bitcoin is our new future.
Even when the Mobile phone came to the existence the old telephones got diminished. We people need to understand that bitcoin is our new future.
bitcoin prices not only burn the finances, but make them surprised by the bitcoin and the technology. not just the price but its superiority until now some countries want to learn about bitcoin system. because they hope to implement a blockchain system, it will make the country's economy better in terms of finance.
economists are hell right because they know that the craze of btcs nowadays is more than even fiats so they may end blindly 
Bitcoin did not made to burn money instead made to let money in active position. Although not all investors who put money on bitcoin become successful some end up in loses because of taking the risk without any idea how risky this business in the world of crypto that always changes.
There are a lot of lies over bitcoin, i dont understand why does financial assesors or those professionals are trying to spread fud over bitcoin. But anyway, it doesnt make sense, if you are going to withdraw your bitcoin earnings you are going to get paid on fiat, that is logical, and that money doesnt came from air, because someone did use that cash before, it is all a cycle.
Anyway, i am tired of those kind of people who thinks that they have the entire power over everything.
Anyway, i am tired of those kind of people who thinks that they have the entire power over everything.
Yes, we have heard different stories related to bitcoins. The first response to this thread that US intelligence agencies might be behind bitcoins might be true in some context. I mean there may be a particular business group or political party behind bitcoins. It is hard to assume that this could be designed and implemented by a single person. Only thing that works against this logic is that bitcoin has survived for last 8 years. I mean it has grown consistently over the last few years and this could not be possible just by manipulation.
No the opposite is happening. and it should burn the btcs. Btcs are a hell of threat to fiats and the global people
I dont think so because both the currencies are different from different aspects and they are going to co-exist forever
I do not believe bitcoin will now replace fiat money. It is too difficult though. They will be used together. Bitcoin is a digital currency and to be used to other transactions will be converted to cash. So the term "burning money" is impossible.
many Economists in CNBC say bitcoin is burning money and they talk about many reason which not understand it
So what do you think about tha
So what do you think about tha
I believe this is coming from the view that more common people are investing in digital currencies and using it further for other trading purposes. At this rate, fiat could become overvalued all of a sudden and usage of digital payment systems even for micro-trades could become a possibility. This causes a situation where a government's own money starts slipping out of their hands and they can do nothing about it (other than taxing cryptocurrencies which would be chaotic)
I'm a noob at this. Do you mean that people will start to transfer their fiat into cryptos, which the government cannot tax?
NO way it is doing so. Because there are still many people infact the number is more than that using bitcoins in the fiats economy
I think they say truely because bitcoins are really sinking the fiats by slowly taking over it globally
Hi,
I don't really think so...
Most fiat currencies are currently... Well made up out of nothing. The gold standard has long gone.. I guess that in Western countries, authorities would like things to remain as they are. They see that the system is on the verge of collapsing because it relies on nothing.
Bitcoin may be one of the tool that will make all the system blow. But I'm convinced it is not the only one and actually it is the only option I see allowing people to manage a financial authority by themselves, without any control authority leading it.
I don't really think so...
Most fiat currencies are currently... Well made up out of nothing. The gold standard has long gone.. I guess that in Western countries, authorities would like things to remain as they are. They see that the system is on the verge of collapsing because it relies on nothing.
Bitcoin may be one of the tool that will make all the system blow. But I'm convinced it is not the only one and actually it is the only option I see allowing people to manage a financial authority by themselves, without any control authority leading it.
if many people turn to bitcoin it is certain that many people assume that because indirectly bitcoin able to beat the value of the currency.
but that will never happen because the majority of people trust the currency they hold rather than bitcoin whose value is unpredictable.
If everything happens as you say then where does the capitalization of bitcoin come from? Now this value is still very small, about 450 billion dollars. But it is also money. In fact, the demand for Fiat decreased by this amount. This is just the beginning. This process will not stop. If will begin the second wave of global crisis the she can bury Fiat. but that will never happen because the majority of people trust the currency they hold rather than bitcoin whose value is unpredictable.
if many people turn to bitcoin it is certain that many people assume that because indirectly bitcoin able to beat the value of the currency.
but that will never happen because the majority of people trust the currency they hold rather than bitcoin whose value is unpredictable.
but that will never happen because the majority of people trust the currency they hold rather than bitcoin whose value is unpredictable.
It really seems to be true. The US government has the world's largest public debt. About 20 trillion. If all who have dollars will present them for payment then America will be bankrupt. It is logical to assume that bitcoin will collect all those dollars and then go bankrupt. It is possible that bitcoin was invented and implemented by us intelligence agencies.
Do you really think so? 
I wanted to ask, before whom does the US government have such a huge debt? From your words it turns out that they have created secret services bitcoin, now they want to regulate it?
If anyone feels safer to keep bitcoin instead of cash, so be it, we will always have those who believe otherwise, and so the idea of bitcoin burning money once again is pathetic.
Every one has separate opinion and the only thing which will change with bitcoin is the use of paper money the people will less use paper money and many people will use this money for cash transaction may be So it is good to say this to every one that with the bitcoin many unemployed people get employees with this currency and hope that if the bitcoin is used for many other things then the employment through bitcoin will be high.
Paper money is going nowhere, at least not anytime soon. If it is by that, cashless policies would have ridden physical cash by now.However, we cannot let people keep thinking what they want to think, as they are all entitled to their opinion but I am not seeing how bitcoin is going to get fiat out of the system at all and in as much as bitcoin is here to stay and remain, fiat will always in one way play alongside with it. So, burning of money or whatever anyone calls it does not make any sense.
It really seems to be true. The US government has the world's largest public debt. About 20 trillion. If all who have dollars will present them for payment then America will be bankrupt. It is logical to assume that bitcoin will collect all those dollars and then go bankrupt. It is possible that bitcoin was invented and implemented by us intelligence agencies.
Indeed they say things that are quite logical and it is also their right to say it for a reason quite logical, I do agree with them and I understand a bit of the government's opposition to bitcoin for legal payments.Bitcoin even if its the most popular cryptocurrency won't have the necessary means to defeat Fiat currency. The most realistic reason out there is because Fiat currency is more practical to be used physically when buying goods.
Realistically, it is not even something that can even happen. The government will always want fiat to stay relevant and they will always do everything in their power to make that happen. Bitcoin on the other hand will serve as digital currency for global exchange, so the idea of burning of money or any term anyone wants to call it does not sound reasonable at all.
I don't know about bitcoin is burning money but I am earning them with BTC. I don't know much about the math of the total amoun of money and it's relation to bitcoin but what I do know is that people pay money to get bitcoin and they also make money from it.
It really seems to be true. The US government has the world's largest public debt. About 20 trillion. If all who have dollars will present them for payment then America will be bankrupt. It is logical to assume that bitcoin will collect all those dollars and then go bankrupt. It is possible that bitcoin was invented and implemented by us intelligence agencies.
Do you really think so? I wanted to ask, before whom does the US government have such a huge debt? From your words it turns out that they have created secret services bitcoin, now they want to regulate it?
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