Bitcoin Forum
September 24, 2018, 02:32:09 PM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 [4]  All
  Print  
Author Topic: Bitcoin Burning of Money  (Read 714 times)
mamichula
Sr. Member
****
Offline Offline

Activity: 310
Merit: 253


View Profile
March 18, 2018, 04:01:19 AM
 #61

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

I believe this is coming from the view that more common people are investing in digital currencies and using it further for other trading purposes. At this rate, fiat could become overvalued all of a sudden and usage of digital payment systems even for micro-trades could become a possibility. This causes a situation where a government's own money starts slipping out of their hands and they can do nothing about it (other than taxing cryptocurrencies which would be chaotic)

I'm a noob at this. Do you mean that people will start to transfer their fiat into cryptos, which the government cannot tax?

                 ░▒▓▓▓▓▓▓▓▓▓▒▒░
           ░▒█████████████████████▒░
         ▓███████████████████████████▓░
      ░███████████████▓░▒███████████████░
     ▓██████████▓▓▒░        ▒▒▓▓██████████
   ░███▓                               ▒███▒
  ░████               ▒▒▒               ████▒
 ░█████░           ░███████░            █████▒
 ██████░          ░██      ██▒          ██████
░██████░          ██       ██           ██████▒
▓██████           ██░ ░   ░██           ███████
▓██████         ████████████████        ███████
▓██████        █████████████████        ███████
░██████▒       ███████████████       ░██████▓
 ███████       █████████████████       ▓██████
 ░███████       ████████████████      ▓██████▒
  ▒███████▒       ░ ░     ░ ░       ░███████▒
   ░████████▒                     ▒████████▒
     ▓████████▓░               ░▓█████████
      ░██████████▓░          ▓██████████░
         ▓██████████▒     ▒██████████▓░
           ░▒██████████▒▓█████████▓░
                 ░▒▓▓▓▓▓▓▓▓▓▒▒░
1537799529
Hero Member
*
Offline Offline

Posts: 1537799529

View Profile Personal Message (Offline)

Ignore
1537799529
Reply with quote  #2

1537799529
Report to moderator
1537799529
Hero Member
*
Offline Offline

Posts: 1537799529

View Profile Personal Message (Offline)

Ignore
1537799529
Reply with quote  #2

1537799529
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537799529
Hero Member
*
Offline Offline

Posts: 1537799529

View Profile Personal Message (Offline)

Ignore
1537799529
Reply with quote  #2

1537799529
Report to moderator
1537799529
Hero Member
*
Offline Offline

Posts: 1537799529

View Profile Personal Message (Offline)

Ignore
1537799529
Reply with quote  #2

1537799529
Report to moderator
Bugsbey
Newbie
*
Offline Offline

Activity: 182
Merit: 0


View Profile
March 18, 2018, 04:07:52 AM
 #62

I do not believe bitcoin will now replace fiat money. It is too difficult though. They will be used together. Bitcoin is a digital currency and to be used to other transactions will be converted to cash. So the term "burning money" is impossible.
THEsnowdonmelody7
Newbie
*
Offline Offline

Activity: 55
Merit: 0


View Profile
March 18, 2018, 07:32:36 PM
 #63

I dont think so because both the currencies are different from different aspects and they are going to co-exist forever
MondayTraddd
Newbie
*
Offline Offline

Activity: 91
Merit: 0


View Profile
March 19, 2018, 01:19:29 AM
 #64

No the opposite is happening. and it should burn the btcs. Btcs are a hell of threat to fiats and the global people
romanovst
Member
**
Offline Offline

Activity: 98
Merit: 13


View Profile
March 19, 2018, 03:20:48 AM
 #65

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.


Yes, we have heard different stories related to bitcoins. The first response to this thread that US intelligence agencies might be behind bitcoins might be true in some context. I mean there may be a particular business group or political party behind bitcoins. It is hard to assume that this could be designed and implemented by a single person. Only thing that works against this logic is that bitcoin has survived for last 8 years. I mean it has grown consistently over the last few years and this could not be possible just by manipulation.
arthur25
Newbie
*
Offline Offline

Activity: 182
Merit: 0


View Profile
March 19, 2018, 03:26:43 AM
 #66

Bitcoin did not made to burn money instead made to let money in active position. Although not all investors who put money on bitcoin become successful some end up in loses because of taking the risk without any idea how risky this business in the world of crypto that always changes.
unicyclistclapas0
Newbie
*
Offline Offline

Activity: 27
Merit: 0


View Profile
March 21, 2018, 02:05:40 PM
 #67

economists are hell right because they know that the craze of btcs nowadays is more than even fiats so they may end blindly Smiley
marinomario
Full Member
***
Offline Offline

Activity: 294
Merit: 100



View Profile
March 23, 2018, 02:17:25 PM
 #68

bitcoin prices not only burn the finances, but make them surprised by the bitcoin and the technology. not just the price but its superiority until now some countries want to learn about bitcoin system. because they hope to implement a blockchain system, it will make the country's economy better in terms of finance.

Ayush rana
Full Member
***
Offline Offline

Activity: 294
Merit: 103


The Future of Security Tokens


View Profile
March 26, 2018, 08:19:40 PM
 #69

Bitcoin is a example of a future currency. Economist saying that Bitcoin is burning money but they should understand this thing that we can't stick to paper money.
Even when the Mobile phone came to the existence the old telephones got diminished. We people need to understand that bitcoin is our new future.

BlinkLifeHippo
Jr. Member
*
Offline Offline

Activity: 98
Merit: 1


View Profile
May 07, 2018, 04:16:24 PM
 #70

I think they say truely because bitcoins are really sinking the fiats by slowly taking over it globally
Pages: « 1 2 3 [4]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!