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Author Topic: Bitcoin Burning of Money  (Read 714 times)
batang_bitcoin
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October 26, 2017, 08:00:33 PM
 #21

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'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?

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October 26, 2017, 08:17:02 PM
 #22

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'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?
I don't get what they mean by burning money. I suppose they lean that investing money in bitcoin is basically throwing your money out of the window? That really isn't the case. Bitcoin is based on a fundamental basis of consensus making it one of the most legitimate mediums of value in my opinion. I'd rather have 1 bitcoin than 5000 dollars.
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October 26, 2017, 08:39:31 PM
 #23

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.














 

 

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October 26, 2017, 08:44:50 PM
 #24

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.

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October 27, 2017, 07:48:32 AM
 #25

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'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?
I don't get what they mean by burning money. I suppose they lean that investing money in bitcoin is basically throwing your money out of the window? That really isn't the case. Bitcoin is based on a fundamental basis of consensus making it one of the most legitimate mediums of value in my opinion. I'd rather have 1 bitcoin than 5000 dollars.

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.

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October 27, 2017, 08:07:03 AM
 #26

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

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.


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October 27, 2017, 08:37:51 AM
 #27

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.
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October 27, 2017, 12:41:40 PM
 #28

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.
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.
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October 30, 2017, 10:17:17 PM
 #29

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

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:)
The problem is that people see people on TV and they immediately think that person is an authority in the subject, how many times you have seen a pop artist being described as a great musician, when most of the time they cannot even sing without computer aid and they do not compose their own music, but people buy it, people are that gullible that is why traditional news networks are losing the trust of the people.
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October 30, 2017, 10:23:03 PM
 #30

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.
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November 10, 2017, 03:58:37 PM
 #31

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'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?
You need to understand that an economist is not really that smart, any person that completes college education in a hard subject like math and physics are way smarter than them and a person like satoshi is a genius compared to most people on the planet so they do not understand what bitcoin is about, they see bitcoin and they do not understand it and think there is something wrong with it when in fact what is wrong is the fiat system.
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November 10, 2017, 04:02:58 PM
 #32

it's an opinion that dislikes bitcoin, but I do not think so, because I have more money than before there is bitcoin, my life is better than ever

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November 10, 2017, 04:07:32 PM
 #33

bitcoin can burn our lust. lust of thing in world Grin
you can get what you want with bitcoin. and you need fund to get bitcoin. instant or long time. instant you must pay some money, long time you must join in bounty program.

its not burn our money, its burn our eyes. everyday look at screen, its hurt you know


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November 16, 2017, 08:56:32 AM
 #34

bitcoin can burn our lust. lust of thing in world Grin
you can get what you want with bitcoin. and you need fund to get bitcoin. instant or long time. instant you must pay some money, long time you must join in bounty program.

its not burn our money, its burn our eyes. everyday look at screen, its hurt you know
Hahahaha that is really funny. Bitcoin is not burning our money rather it makes a constant or variable growth to our amount. You only have to decide what will be the most suitable option for you, and if you found bitcoin for you as best option, believe me just go for it. Don’t waste time and don’t listen to people who are saying like you are bringing you money, rather burn their bottom.

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November 18, 2017, 08:02:04 PM
 #35

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.
People are being burned everyday by investing in icos, how many icos become successful? Very few but everyone is chasing profits and so they invest in some projects that have a very doubtful roadmap, however those that invest in bitcoin and solid alts are going to have a bright future since it is very unlikely bitcoin is going to disappear anytime soon.
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February 18, 2018, 06:57:55 AM
 #36

The people who are using Bitcoin are shining brightly, because the cost of Bitcoin is very high. In Zanuari, one of the few known corners of the Internet, people have been bittacquiring. The price of digital currency has been sold anywhere from $ 16 million to $ 2 million, and a website called Counterparty has dug coal. Run by a group of anonymous developers, Counterparty is distributing a new created digital coin in exchange for Bitcoin.
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February 18, 2018, 07:44:31 AM
 #37

In all cases there must be pros and cons, including in the bitcoin world, the news I think is only made to lower the price of bitcoin, then they make large purchases of magnitude, so they have a lot of bitcoin for them to sell when the price is expensive.

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February 18, 2018, 09:43:45 AM
 #38

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
Basically, as long as money is being used by tge majority it wont be burned by bitcoin. Bitcoin is just a small percentage of thereal money. Money will only be burned once people start adapting bitcoin as main form of payment. Money is really just like a paper, it has value simoly because people decide to see it  as something valuble. But if people woukd turn to bitcoin, money would become a useless paper just like what happened in zambabwe.
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February 18, 2018, 12:05:04 PM
 #39

Basically, as long as money is being used by tge majority it wont be burned by bitcoin. Bitcoin is just a small percentage of thereal money. Money will only be burned once people start adapting bitcoin as main form of payment. Money is really just like a paper, it has value simoly because people decide to see it  as something valuble. But if people woukd turn to bitcoin, money would become a useless paper just like what happened in zambabwe.

Why will the US government let it happen ? Can not they just ban their citizens from investing in bitcoins ? It should not be that hard for them.

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February 18, 2018, 01:39:22 PM
 #40

I think for an individual like me, Bitcoin is a money maker because base on my experience I did not put some capital but I earned big already, you just need to utilize bitcoin well to be able to earn profit. But for the economy, I think bitcoin really is causing negative effect because many businessman are putting or investing their money now on bitcoin instead of putting up a business firm which can help to improve or increase the economy of a country.

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