Topic: There is something wrong with cryptocurrencies? (Read 371 times)
What do you think will happen if everyone told the bank that they wanted to get their money? That is similar for Bitcoin too. Here's what I'll tell you, look at Bitcoin as you would look at fiat(as money). However, there are so many differences; that Bitcoin cannot be seen with the eye and has a limited supply, Bitcoin is owned and stored by you, etc. Bitcoin is actual money!
f it is so good why there is a need for exchange rate to the real money?
Cryptocurrency has some purposes and fundamentals. Everyone wants to change to fiat or money because they need it. And many people are trading them so that they can take profits. As long as they still have a good market cap and volume, they will be worth even we are always exchanging to fiat again and we will also buy more coins again to take profits. I understand their sentiment and also with OP but it was not meant that there is a problem or something wrong with the cryptocurrency, it was just to happen that acceptance of cryptos as a mode of payment isn't yet a practice and we end up converting fiat.
What would happen if everybody wants to exchange for a real money?
I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
Crypto does have monetary value so its just normal that people would really be making exchanges and since crypto isnt fully adopted yet then they would really need to do such thing.I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
Supply wont be totally circulate if miners doesnt exist.Aside on mining new coins,theyre also responsible on pushing up transactions to confirm.
Those are just typical scammy attempts on where those scammers do really hook up newbies which are greedy.So avoid them at all cost! There's no such thing about easy money.
What would happen if everybody wants to exchange for a real money?
Just do it as long as you want fiat for your daily life or certain necessary.f it is so good why there is a need for exchange rate to the real money?
Cryptocurrency has some purposes and fundamentals. Everyone wants to change to fiat or money because they need it. And many people are trading them so that they can take profits. As long as they still have a good market cap and volume, they will be worth even we are always exchanging to fiat again and we will also buy more coins again to take profits. 
What would happen if everybody wants to exchange for a real money?
I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
I don't think everybody will at once want to withdraw or convert their crypto holding to cash, even if there is a major crash of the market. There are so much believers in this system that even at such crash, buyers and investors will come in to fill up bags for the long run. Bitcoin and crypto currency at large has earned so much trusth from users round the world that even with ban and restrictions, the use of crypto currency will still remain.
Exchange rate to real money is needed as there is a standard for the international sales. Dollar is used to purchase things internationally, because it can be easily converted to our local currency, so it is in the crypto world, without an exchange rate or a standard rate, there will be losses from one side and gain at the other side. The two parties needs to make a fair play for the side not to be cheated in some way.
Crypto currency is not a pyramid scheme or game, it is you as a boss of yourself in the digital world, and it is also a certain thing that everyone wishes to buy low, so that when the profit comes, even in the smallest means, it should show (maybe that's why those calls kept on coming).
What would happen if everybody wants to exchange for a real money?
Price of the coin would start crashing. Others will take the opportunity to buy it cheap. Price will then recover and the cycle will keep on going. On other hand, if everyone starts to sell, then the price would crash and then eventually reach to zero.I consider it not fair to mine cryptocurrencies?
Why? They help keep the network secure and process your transaction. You should learn about mining.Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
Someone probably sold your data. Just change your number. 
What would happen if everybody wants to exchange for a real money?
This is something that is unlikely to happen . There are so many people in this planet investing in crypto and each of them has Thier own plans . Some just don't want to cash out yet but if let says your thoughts will come true then crypto will fall down and can go to zero .
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If it is so good why there is a need for exchange rate to the real money?
Crypto has a value that's why it has an exchange rate . Everything that has a value has an exchange rate , we are not in the old times anymore .The scenario won't happen because every crypto user has their own preference on when to sell or buy, or hold their coins. It will not be the case that at some point, everyone wants to cash out. And owed to the supply and demand, the reason why crypto has value in the market.
And regarding OP's problem with people calling him, maybe he signed up for something why these callers are trying to offer their services. He should block those numbers if he doesn't want to receive the calls or need to be careful in signing up forms via internet.
Seems like a legitimate question but that's not going to happen except that something is wrong with the market and you will see people selling their cryptocurrencies one by one. but to profit from it. it... that's not easy.
There are a lot of consequences just like any other business but there are more risks here. I think when entering this world of space we have to accept the first thing that is risk because Cryptocurrencies are very volatile.
There are a lot of consequences just like any other business but there are more risks here. I think when entering this world of space we have to accept the first thing that is risk because Cryptocurrencies are very volatile.
Everyone will want to exchange to that someday, it's not like everyone altogether would do sell their bitcoin in exchange for fiat, long as the society doesn't fully use crypto as a means of payment and banks still exist, we will be needing to convert crypto into fiat.
I will only convert the Bitcoin I have into fiat when I have a urgent need, Even then I will not sell all the Bitcoins I have. Because indeed some countries
only legalize Bitcoin as a digital asset, and my country is indeed one of the countries that prohibits using Bitcoin as payment. This means that I do have
to convert my Bitcoin into fiat if I want to use it to pay for something. I also believe that everyone has different life needs and different plans too,
it is impossible for everyone to sell all the Bitcoins they own at the same time. However Bitcoin is still a profitable asset, I believe people will only convert
their Bitcoin into fiat if there is a need.
What would happen if everybody wants to exchange for a real money?
I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
It is all dependent on the currency, because not every currency is subject to being exchanged, some of the low popular cryptos that get some hype and than die after are the ones that are a subject to this matter, but for currencies like bitcoin and Ethereum where a lot of people are looking up to them and they believe that they are the future, they are being held for a long time and because of that there is demand and supply that keeps its market alive and the price going up and down. I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
What would happen if everybody wants to exchange for a real money?
This is something that is unlikely to happen . There are so many people in this planet investing in crypto and each of them has Thier own plans . Some just don't want to cash out yet but if let says your thoughts will come true then crypto will fall down and can go to zero .
Quote
If it is so good why there is a need for exchange rate to the real money?
Crypto has a value that's why it has an exchange rate . Everything that has a value has an exchange rate , we are not in the old times anymore .
What would happen if everybody wants to exchange for a real money?
I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
The only thing I think is wrong with cryptos is related to its underlying technology Blockchain, and the problem is with scalability. The more transactions per second happen, the more loaded the network gets, the higher the fees and confirmation time gets. This is a big flaw that limits the possibilities of adoption because it makes it ever more difficult with every step. But other than that, there's nothing wrong. These questions you ask seem weird to me. Exchanging cryptos for fiat is one thing, but then what would happen to fiat if everyone suddenly stopped caring about these useless papers and started wanting only the real stuff they need and value? There's also an exchange rate between fiat currencies, so nothing new here either. As for people calling you, it's probably scammers who somehow got your phone, and it's a problem, but it's not inherent to cryptos. I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
Everyone will want to exchange to that someday, it's not like everyone altogether would do sell their bitcoin in exchange for fiat, long as the society doesn't fully use crypto as a means of payment and banks still exist, we will be needing to convert crypto into fiat.
If everyone exchanges crypto for real money then the price of crypto will definitely go down drastically, but this is very difficult because the development of crypto is getting bigger so that when there is a decrease more investors are investing because it is a great opportunity to make a profit, and being able to exchange for real money is very important because we buy something that has to use real money, And the crypto world is very much a scamer happening so we have to be able to overcome it.
What would happen if everybody wants to exchange for a real money?
I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
These people who wanted to contact you for serious investment discussion was associated with fraudulent activities using cryptocurrency as an alibi for their shady business. Mostly their pyramiding schemes was intensely convincing people around the world, ended worst if someone would entertain then just because of huge investment roi but unfortunately was a scam. Exchanging for real money is our nature when it comes to cryptocurrency, but controlling one selves is very important to avoid regrets when another rise happens.I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
it is difficult to convey about cryptocurrency to people who are still new to cryptocurrency. common sense he feels cryptocurrency has tricked him and people who continue to contact are considered to have the same relationship with cryptocurrencies. Overcoming such problems is simply ignored and begins to re-understand about cryptocurrencies and how the mechanism of cryptocurrencies so as not to be deceived by people who make fraud.
What would happen if everybody wants to exchange for a real money?
Nobody is buying crypto then and it was the end of its life. But it was just "what if?" I didn't find it reasonable as many people wanting to invest and hold more than those who are selling. Quote
I consider it not fair to mine cryptocurrencies?
Maybe if you are not good at mining this is certainly not fair but those who have been doing this for many years, are already satisfied with what they got. Some miners don't get it, they are greedy to think about doubling their money through mining and that is why they think it was unfair. If that so, I think you have to find another job. Crypto mining wasn't good for you.
What would happen if everybody wants to exchange for a real money?
I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
i think it's s not a smart idea to covert all crypto into real fiat, because it's seems you want to enjoy your life like there's no tomorrow.. Lol i hope you know what investment means and what kind of mindset investors have especially when it's about what profits that they can get in the future. So i think its impossible to happen..I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
And by the way be aware mate because for sure that different number calling you to make investment were scams. I suggest better to stay away on it and never trust to anyone foe your safety..
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?
I also blocked a lot of phone calls from unknown numbers, this is our fault for leaking information and not the fault of crypto or anyone. Lots of calls to offer to invest in cryptos, join stock exchanges, forex, real estate...most of them are scam projects. The market is not at fault but it is the bad guys who take advantage of the market's reputation to create scams and it happens every day. 
I consider you to not have any clue about what you're talking about. So what if you get 30 calls a day inquiring if you want to purchase cryptocurrency, what does that have to do with anything? I get all sorts of spam calls daily and they never have anything to do with cryptocurrency. Also if you think mining is such an unfair disadvantage, then why don't you mine some?
If everybody who owns Bitcoin wants to exchange for real money, that means they couldn't make any exchange at all. How could they do that when there is nobody who is interested to have Bitcoin? But, of course, that's next to impossible to happen.
Bitcoin has a fiat value attached to it because the default currency is fiat. How could you even buy Bitcoin without going through fiat first?
Bitcoin is not a pyramid scam. You are simply being targeted by scammers. Those scammers don't have anything to do with Bitcoin. Change your number.
Bitcoin has a fiat value attached to it because the default currency is fiat. How could you even buy Bitcoin without going through fiat first?
Bitcoin is not a pyramid scam. You are simply being targeted by scammers. Those scammers don't have anything to do with Bitcoin. Change your number.
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