To say that Bitcoin makes money out of thin air simply indicates that the person has no acquaintance whatsoever with the favored cryptocurrency of our time.
Remember that behind every bitcoin is an algorithm executed by machines (tangible, physical, uses electricity, has a value, and definitely not made out of thin air), making this digital currency something of value already to start with.
We purchase software and mobile apps every now and then, these are digital in nature, yet we never think of it as something made out of thin air, do we?
Topic: Bitcoin is creating money out of thin air - page 2. (Read 1503 times)
Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all. 
its either of this three, he does not now bitcoin that's why he is saying this kind of things, or he know bitcoin but he had lose his profit thats why he saying negative things about bitcoin, or this he knows bitcoin and he is causing fear, uncertainty and doubt, usually evoked intentionally in order to put a competitor at a disadvantage (FUD), to buy cheap because he miss to buy recently while the value is on dip, to bad for him 
, bitcoin will now get back to its current heights.
nope !! it is not so much that bitcoin creates hard-earned air money and explains how to make a bitcoiner succesful. for my opinion bitcoin is a digital currency of all countries admired by the members here because the bitcoin is many of the people who have been successful in living are also a cryptocurrency for investment and more. about bitcoin money we must first work harder and well done so that we can get the bitcoin payroll kit and there we can see the money that we make a sum of money not just the wind. because of our effort and patience we get our desired patches of bitcoin.
Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all.
then he's referring to banknotes as well. creating money out of a blank sheet.
banknotes are just printed on paper and is backed by the word of the government. the government says that banknotes/fiat are valuable and the people believe it. when the government devalues money, or declares that a certain banknote series will no longer be accepted as payment, people will believe it. if you keep a large amount of that banknote series that was devalued by the government, that would mean you're instantly broke!
Very right. I would rather say that Central Banks and big financial institutes PULL MONEY FROM THIN LAYER. No paper currency has ever retained its value over time. Central banks prints more and more currency notes to reduce their debt, while increasing inflation. BTC is a new financial system that will bring transparency and is the main reason why more and more people are attracted towards it.
Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all.
sorry if this is a fraud why many bitcoin investors are successful by benefiting from the investment, if it is bitcoin it is a fraud why there are still many investors who invest in it a little my thinkingBitcoin is not a fraud, but if it is then why a lot of governments of every country supports Bitcoin? Bitcoin may have a surprising price every now and then but we all know that Bitcoin's price is dependent on the demand and supply. With a lot of whales, a lot of supporters and users of Bitcoin, it is far from being a fraud, it is just becoming more of an asset.
bitcoin our country is a fraud and more about investing with more losses, that's why some people talk about it like that, i think also if you experience crypto in a bad way like your trade is wrong i'm sure you will say it is not good, or you just read about crypto in statements or bad news.
They key is to have enough converted to fiat, land, and gold before the music stops. What's funny are the people who complain about the music.
Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all.
sorry if this is a fraud why many bitcoin investors are successful by benefiting from the investment, if it is bitcoin it is a fraud why there are still many investors who invest in it a little my thinking 
Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all.
Maybe bitcoin is cheating the traders like us. We can not know behind the bitcoin there are those who are holding it and operating it. All information is strictly confidential and only insiders know the truth. But anyway it's giving us a lot of profit, trust it at the present time and make money from it.
That's a false statement since people have to convert their fiat into Bitcoin and gain profits depending on the market price. Bitcoin is just like all investments which can generate you much profit depending on the demand of the market.
Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all.
Bitcoin creating from proof of works. Miners get their bitcoin as reward from their works on blockchain. Actually dollars made from thin air and they just printed money without proper audits
As you said the price of bitcoin is very expensive due to huge demand for it,and the demand is created by huge whales.But bitcoin was not a scam it has the value and it is not constant because of the limited quantity.A small change in the demand of bitcoin will change the price also.
But people are saying bitcoin as bubble for over a decade now but still bitcoin holding its position in crypto currency market.I too have faith in that bitcoin will be the future currency and the price of bitcoin is still in the early stages the price will increase in the coming days.
But people are saying bitcoin as bubble for over a decade now but still bitcoin holding its position in crypto currency market.I too have faith in that bitcoin will be the future currency and the price of bitcoin is still in the early stages the price will increase in the coming days.
Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all.
I do not think Ex-RBI's words are true. Maybe he is creating a FUD to panic and sell off everything related to bitcoin.I have witnessed so many cases and bitcoin is still strong at the moment. That's bullshit news and hope you do not believe it. Trust the future of bitcoin and its scale, you will get more profit.
I don't think it is from thin air since it already exist for almost a decade now. Moreover, its value was then very small and now very expensive compared to fiat because many investors believe in it and until now cryptocurrency is widely known even to third world countries. It is not scam though there are peole who took advantage to its decentralization and they are the scammers and not bitcoin itself.
I agree that this is a huge soap bubble, but the worse it is if it is a great opportunity to earn?)
For early investors it was like making money out of thin air but now its not that easy as they say because in the early stages it did not have that much value compared to the current rate it was nothing anyone could buy them but those who want to get into the bitcoin network the value of bitcoins have come upto $ 8768 USD which not a small amount for a normal person to get that amount. The users need to work hard in order to achieve a certain proportionate amount of satoshi's and one satoshi is the smallest unit of bitcoins.
A very wrong statement. Bitcoin never creates money from thin air. I'm sure the person who says this is actually not very well informed about Bitcoin and jumps to conclusions only from personal opinions. Please understand first about Bitcoin, do not spread the news that is not true like this.
$0.10 to $10,000 in 9 years is money from thin air.
Ex-RBI chairman said, "Bitcoin is creating money out of thin air". It is the biggest scam of all.
A very wrong statement. Bitcoin never creates money from thin air. I'm sure the person who says this is actually not very well informed about Bitcoin and jumps to conclusions only from personal opinions. Please understand first about Bitcoin, do not spread the news that is not true like this.
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I do not understand why people say such a thing. Instead of making ridicule of what bitcoin does to people, why don't you shut your mouth and do your thing. You are not even helping. Just keep quiet and leave everything to bitcoin. This is not a scam.
Reserve bank of India (RBI) has ordered Indian banks to stop supporting bitcoin transactions. In a way, Bitcoin got banned in India.
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