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Topic: Rush money and BITCOIN - page 3. (Read 762 times)

hero member
Activity: 910
Merit: 512
May 27, 2019, 11:22:55 PM
#15
rush money is a customer who is afraid that the bank where they are saving will go bankrupt, so they flock to the bank and withdraw their money in a short time to avoid losses. Is the bitcoin community feeling scared so they need to rush bitcoin like money?
legendary
Activity: 2030
Merit: 1563
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May 27, 2019, 10:45:57 PM
#14
Rush money is part of the economic crisis.  Rush money is a process when all people to take a large amount of money they save in a bank.
 the impact of the Rush money process is that global inflation.  and the bank's financial system will be destroyed.

Hmm that's a funny way to define the problem with fractional reserve banking, as if the problem was the people and not the system itself...

But that is what it should occur, and since you know it in advance, you should not keep money in fractional reserve banks and while the world moves to full reserve banking, your next best is Bitcoin or old fashioned precious metals such as gold. Don't keep fiat, because its going to plummet as a result of the stubbornness of the people defending the scam that the fractional reserve banks are.

The more the people learn about this scam, the more banks will collapse, critical mass will come quickly and suddenly, and you won't have a chance to react. Take your money out now and change it for something good before its to late. If you want to prevent this, advocate Austrian Economics and push your country to adopt it. Those countries who do it first will be spared when the world crisis from the worldwide collapse of the fractional reserve banking and its inflationary currencies.

People have every reason to take their money out of the system, it was never safe in the first place, it was but a lie.
sr. member
Activity: 1008
Merit: 355
May 27, 2019, 10:38:25 PM
#13
Rush money is part of the economic crisis.  Rush money is a process when all people to take a large amount of money they save in a bank.
 the impact of the Rush money process is that global inflation.  and the bank's financial system will be destroyed.

I think 'rush money' here refers to another term which is 'bank run' which can happen when depositors are getting their money from the bank on big volume which can of course affect operation of the banks. Bank run is usually bad for the economy as banks are playing pivotal role in daily transactions within the country and internationally. There are reasons why a bank run can happen but the foremost of them all is the lack of trust and confidence with the system. Now, I have a problem connecting that to bitcoin as the same can never happen here.
copper member
Activity: 448
Merit: 3
May 27, 2019, 10:21:21 PM
#12
Well, If I understand you, what if people suddenly want to cash out of bitcoin, what will be the fate of bitcoin? Well I think it's the bank people will rush to and cash out, then put it in something better with a better store of value like the bitcoin or gold, in our money day, they will definitely put it in bitcoin.
hero member
Activity: 1274
Merit: 519
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May 27, 2019, 07:55:01 PM
#11
Sounds like your country is experiencing a political struggle which could really affect your economic growth.
Maybe, that "rush money" is happening because of the impact of their conflict. It could affect the supply and demand of your currency for sure.
hero member
Activity: 2114
Merit: 740
Leading Crypto Sports Betting & Casino Platform
May 27, 2019, 07:28:52 PM
#10
Money Rush, hmmmm it looks bad. Maybe your country is in a situation of bad political situation and public trust in the government is decreasing, there will be chaos. or the community conducts a demonstration with the government. Bitcoin is controlled by the holder and does not tie a government, there will be no bitcoin rush.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
May 27, 2019, 06:59:22 PM
#9
If there is a politic inside the money, then I am sure that there will be interest from many people to control that thing.
I don't think that bitcoin will make rush money except if the pump is coming too fast because that will make people panic to sell their bitcoin at the highest price.
But I am curious what is mean about the rush money system that you mean.
sr. member
Activity: 1596
Merit: 335
May 27, 2019, 06:56:35 PM
#8
You should have mentioned about the country that you're living in so we would have an idea if it's real or not.
If that's true, I guess your government is just trying to manipulate your currency. They're controlling its value and I don't think that would ever happen to bitcoin. It will be easy for exchanges to control it.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
May 27, 2019, 06:45:10 PM
#7
A hard dump would be a *rush money* in bitcoin market, right? Then it may happen as it has already happened several times, but the market recovered itself later. It's a natural process and it means the country (or the currency) isn't trustful anymore or that it's not pleasing the investors, hodlers, speculators.
BQ
member
Activity: 616
Merit: 53
CoinMetro - the future of exchanges
May 27, 2019, 06:42:55 PM
#6
Rush money is part of the economic crisis.  Rush money is a process when all people to take a large amount of money they save in a bank.
 the impact of the Rush money process is that global inflation.  and the bank's financial system will be destroyed.

A bank rush?
Well this would likely happen with exchanges too, there's not enough volume.
full member
Activity: 1904
Merit: 138
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May 27, 2019, 06:40:30 PM
#5
Rush money is part of the economic crisis.  Rush money is a process when all people to take a large amount of money they save in a bank.
 the impact of the Rush money process is that global inflation.  and the bank's financial system will be destroyed.

In what country are you located at? Never heard rush money as well. Is it like if someone is in panic mode, he will get his money from the bank, and then what? OP, can you elaborate further what you wanted to convey here, in relation with bitcoin?
full member
Activity: 441
Merit: 100
Bcnex - The Ultimate Blockchain Trading Platform
May 27, 2019, 06:30:59 PM
#4
Rush money is part of the economic crisis.  Rush money is a process when all people to take a large amount of money they save in a bank.
 the impact of the Rush money process is that global inflation.  and the bank's financial system will be destroyed.
member
Activity: 574
Merit: 14
May 27, 2019, 06:26:05 PM
#3
I am not sure what you mean by "Rush money" Maybe you could offer some clarity. Bitcoin is outside the realm of a centralized system as we do with government issued fiat money
BQ
member
Activity: 616
Merit: 53
CoinMetro - the future of exchanges
May 27, 2019, 06:24:22 PM
#2
What's Rush money? I've never heard about it before, google doesn't seem to have a specific result either  Huh
full member
Activity: 441
Merit: 100
Bcnex - The Ultimate Blockchain Trading Platform
May 27, 2019, 06:18:05 PM
#1
today.  in my country spread information about Rush money system.  The public concluded that Rush money was influenced by political factors.  but on the other side.  I think this is not just about politics.  but this is proof that the public is bored with a centralized financial system.  but I want to ask.  what happens if BTC make a Rush money system?  or do you think that BTC never make Rush money?  share your knowledge here guys.  !
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