Yes, lol
Bitcoin is here to say, and a lot of people are going to get burned.
Same as any other new technology. Tons of people got burned by dot-com stocks, biotech, personal computers, and railroads.
Topic: Bitcoin Burning of Money - page 3. (Read 980 times)
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
Ask yourself this, when were the pundits on CNBC right about anything important? The dot com bubble? The 2008 housing crisis? Enron? Nope, nope, nope. Ignore them, you will improve your health.
This is exactly my thoughts. Around the world the same economists experts that didn´t see the Dot.com, the housing crises, that would advise clientes to go with MADDOF, that endorsed Goldman sachs while they were hidding many countries public debts and so on are the same ones who still advising on TV. this time against BTC. They can be right or wrong, we don´t know , all we know is that they are very incompetente:)
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
There is no need to take these mainstream private news-entertainment media houses so seriously. It becomes apparent when person who has sufficient knowledge of a field hears their discussion/analysis. As far as bitcoin is concerned how much do their so called experts know about the crypto currency in first place? Very less. Anyone who has better understanding of what is happening around the bitcoin world, will easily recognize that these news-entertainment media channels are nothing but spreading a propaganda. Creating fear, confusion, doubt in the mind of people about bitcoin and crypto currency. There are many financial institutes and companies which have seen Bitcoin as negative force for their establishment and some as missed train by long. Thus the sour grape situation.So what do you think about tha
If you want to understand about the bitcoin then focus on bitcoin forum and various threads, people who are analyzing the situation, events and their effect on bitcoin pricing.
Maybe this means that people have been using up - "burning" - money to buy bitcoin or invest on it. We've heard about how some people would go to certain extents just so that they could buy some bitcoins. Some would even sell their properties or belongings for bitcoin. I have even heard of people who would use up all of their savings and this could probably equate to the term "burning" of money. This is just a personal opinion as I have not heard nor read anything from CNBC.
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
Well for me "burning money" is literal meaning to burn ones money. I don't know how it can be applied to bitcoin though? Maybe they are referring to investors putting a lot of money in the ecosystem in hope of getting a good returns. I only heard money to burn though in a land based casino that I used to play. hahahaha. But seriously though, if we are putting money on the market, its our decision and there is no money burning in there because they are little chances that you are going to lose your investments specially if you are really in it for the long haul of it. You only burned your money if you have lost it in the market. And it is really up to you on how to play our investment, short or long term. But I advise you go long term specially in bitcoin market.
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
It's not bitcoin is burning money, a market cap of $98,000,000 is burning money? They are the ones that are burning their money to fiat and doesn't have a chance to bought when the price are on dip. I don't know what's on the mind of these "economists". They don't really understand what bitcoin is if they told that bitcoin is burning money, it's a big no, a big mistake. By the way, what's the link for this?
They simply want to say that investing to bitcoin is waste of money and I don't know what are they thinking to say these things. They think that we are just throwing money to bitcoin so they are stopping those new investors to invest to bitcoin as if they are saying that if they'll invest to bitcoin they will only burn their money. They are crazy, these economists should again with what's happening on the economy.
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
It is possible in some cases that bitcoin can make people or a whole counrty bankrupt. But I will not happen i think as most of the people are turning to digital currency. And this will protect bitcoin from ending. So what do you think about tha
This economist doesn't know anything about it and only see's bitcoin as a ponzi scheme because they are heavily invested it fiat currency that's why they make one sided comments about bitcoin for people to fear it and turn people away from it but is it really burning money when the price is increasing, demands are getting higher and many people has become millionaires because of or has some steady income because of this ponzi schem they say.
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
It's not bitcoin is burning money, a market cap of $98,000,000 is burning money? They are the ones that are burning their money to fiat and doesn't have a chance to bought when the price are on dip. I don't know what's on the mind of these "economists". They don't really understand what bitcoin is if they told that bitcoin is burning money, it's a big no, a big mistake. By the way, what's the link for this?
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
It's not bitcoin is burning money, a market cap of $98,000,000 is burning money? They are the ones that are burning their money to fiat and doesn't have a chance to bought when the price are on dip. I don't know what's on the mind of these "economists". They don't really understand what bitcoin is if they told that bitcoin is burning money, it's a big no, a big mistake. By the way, what's the link for this?
If we're discussing money burning. No one burns more money than governments. Examples.
-The united states burned more than $6.5 trillion dollars on a war in the middle east that accomplished nothing. A case could be made for war in the middle east increasing the number of terrorists in the world which in turn made the world a more unstable and violent place.
-The united states burned more than $1 trillion on an economic stimulus plan which created 1 job at a cost of between $150,000 to $300,000 to taxpayers.
-The united states burned more than $1 trillion on its affordable care act program which were funded by 20 tax hikes that ultimately made healthcare far more expensive and unaffordable.
-NASA burns billions of dollars only to accomplish less than Elon Musk and Space X which had near to 100x smaller budget.
-The per student cost of some public schools in the USA rivals the tuition cost of Harvard tuition.
There are many real cases of money being burned in the world & the media never mentions any of them.
-The united states burned more than $6.5 trillion dollars on a war in the middle east that accomplished nothing. A case could be made for war in the middle east increasing the number of terrorists in the world which in turn made the world a more unstable and violent place.
-The united states burned more than $1 trillion on an economic stimulus plan which created 1 job at a cost of between $150,000 to $300,000 to taxpayers.
-The united states burned more than $1 trillion on its affordable care act program which were funded by 20 tax hikes that ultimately made healthcare far more expensive and unaffordable.
-NASA burns billions of dollars only to accomplish less than Elon Musk and Space X which had near to 100x smaller budget.
-The per student cost of some public schools in the USA rivals the tuition cost of Harvard tuition.
There are many real cases of money being burned in the world & the media never mentions any of them.
I dont really understand the context of the statement, but I would imagine they are saying its like pulling money out of the economy, but thats not true, its like trading two currencies.
Not really but according to me it means the value and the importance of the bitcoin is now increasing then the money and the cash so it is the best time for the cash to use as he saving and the value of the bitcoin is increasing, it is the best income of the bitcoin and the profit of the bitcoin will be very high so get the profit and try to buy the more bitcoin so you will be able to use it as the money but to be honest this is my own thinking not the post one. Actually Bitcoin is burning a lot of money. With the current price of 1BTC nearly 6000 $, it takes a lot of money to own 1BTc. So, in the future, when there are no fiat, can people use BTC or not? Or will there be a hundred times smaller units?
I agree with you that Bitcoin is actually burning bitcoins and money because when you even consider the amount of microbits left in wallets all over the world which cannot even fund themselves out of their respective wallets then you'll understand that it's indeed burning off money gradually.
I dont really understand the context of the statement, but I would imagine they are saying its like pulling money out of the economy, but thats not true, its like trading two currencies.
Maybe they are saying this in reference to what Keynes said once about burying money in order to combat inflation, however the only reason that could be considered as such at the moment is because bitcoin is not being used as a currency and most of the people that invest in it do not withdraw their money immediately, but as soon as that changes bitcoin is going to be like any other currency. 
OP, I would suggest that if you want to spark a discussion about something you
heard or saw on CNBC (or any other source), you really should provide a link to
whatever it is you're referring to. This here is just lazy, and I don't have a clue
what you're talking about with the 'burning money' reference. But the MSM gets
things wrong all the time, and their opinions are to be taken with an enormous
shaker of salt. They report on bitcoin because of the bull market, not because they
have anything useful to say. Bear that in mind for the future.
heard or saw on CNBC (or any other source), you really should provide a link to
whatever it is you're referring to. This here is just lazy, and I don't have a clue
what you're talking about with the 'burning money' reference. But the MSM gets
things wrong all the time, and their opinions are to be taken with an enormous
shaker of salt. They report on bitcoin because of the bull market, not because they
have anything useful to say. Bear that in mind for the future.
Actually Bitcoin is burning a lot of money. With the current price of 1BTC nearly 6000 $, it takes a lot of money to own 1BTc. So, in the future, when there are no fiat, can people use BTC or not? Or will there be a hundred times smaller units?
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
Burning means losing in other easy terms. Those economists in CNBC you have watched are really exposing themselves to stop people for investing in bitcoin simple as that. Jamie Dimon did helped the price to be at dip and that's the time his company bought a lot of it. And these economists knows the real stand of bitcoin and they don't want to expose it yet because it's either they have personal agenda to buy a lot of it at dip just like the strategy of Jamie Dimon.
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.
Maybe OP meant that bitcoin is a pyramid which attracts money and then vanish into thin air. If so then I am not sure that it can be regarded as "burning money." In bitcoin invested a lot of money. Such money do not burn. They always leave a trail and if that ever happens it will be impossible to hide such amount.
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
What answer are You waiting for on this forum? Really, It's the worldwide center of crypto billionaires. Or You ask for reasons to buy first bitcoin? So what do you think about tha
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