Bitcoin is creating money out of thin air

[natalagerman95]

Well, I would not say that from the air, you can get generosity in bounty companies if you follow all the points and wait for your tokens.

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[First77]

Yes, you are right. Bitcoin create money in just a glance if we do the right way and right decision making in investing. Earn income more than what we think it doubled, doubled or more. It is a futuristic way to help every body's financial problem.

Man selling 8000 Bitcoins

https://bitcointalk.org/index.php?topic=2698402.0

[mezzaluna]

Bitcoin is part of the Cryptocurrency system which is based on the Blockchain Technology and it is not creating money out of thin air. It is the electronic money you have on the internet and you can get this money whenever you want because it is entitled under your ownership. You can have electronic wallets that only you can access thru Private Keys and other security measures that is hard to hack.

[First77]

Bitcoin is part of the Cryptocurrency system which is based on the Blockchain Technology and it is not creating money out of thin air. It is the electronic money you have on the internet and you can get this money whenever you want because it is entitled under your ownership. You can have electronic wallets that only you can access thru Private Keys and other security measures that is hard to hack.

Bitcoin price has gone up 100,000 times in 8 years

[CryptoCoin8487]

Yes, you are right. Bitcoin create money in just a glance if we do the right way and right decision making in investing. Earn income more than what we think it doubled, doubled or more. It is a futuristic way to help every body's financial problem.

Man selling 8000 Bitcoins

https://bitcointalk.org/index.php?topic=2698402.0

i cant billive what is this man thinking about he's 8000 bitcoin if thats true its very hard for him to withraw that anormous amount off money in one time im suure that government will surely freeze that money aand question him until he got problem. if i were on him i will put it in a cold storage wallet and slowly withdraw it until i withdraw it all.

[First77]

Vitalik Buterin also said "“If you're trying to figure out where to store your life savings, traditional assets are still your safest bet"

https://www.rt.com/business

I think Gold and Silver are traditional assets

[First77]

i cant billive what is this man thinking about he's 8000 bitcoin if thats true its very hard for him to withraw that anormous amount off money in one time im suure that government will surely freeze that money aand question him until he got problem. if i were on him i will put it in a cold storage wallet and slowly withdraw it until i withdraw it all.

If true, why will people buy Bitcoin ?? That man has $100,000,000 of Bitcoins.

[shoujiuhaituo7]

Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all.   

He may be right that bitcoin is creating money out of thin air.

If there is no value, why so many people accept bitcoin, and the price is still high.

Gold is valuable because people around the world recognize it, so gold is valuable.

It is reasonable to exist.

[Tujinn]

The principle of earning is to place Bitcoins on third-party resources that offer a high percentage. Most newcomers invest in high-yield projects and most often remain in the losers. Professionals recommend using projects that offer a low level of profit - about 3%. It's easy to calculate how to get 1 Bitcoin for free in such a project. Although, it is very difficult to do this. It is necessary to invest in it about 30-40 Bitcoins. It is recommended that you use resources that have recently worked in the market. Moreover, the funds received should be immediately displayed.

[First77]

Professionals recommend using projects that offer a low level of profit - about 3%.

3% profit every month would be HYIP/ponzi.

Bitcoin has gone up 100,000% in 9 years. That is 800% profit every month

[aeternus]

It is actually funny how they think bitcoin or cryptocurrency in general is considered scam just because it is not backed by any government and no intermediary. When the reason why money existed is for people to establish a value and convenient for people to exchange goods and services. We the market, the people, create value out of thin air. We create our own demand, but sadly because of politics, big corporations or capitalism in general, we have become puppets of the economy. And now that crypto is born, people tell its scam because it gives people financial freedom?? That is hilarious and down straight ill information

It is incredible how the economy knowledge has been so distorted to the point we have to endure this, money was first created to facilitate the transactions between people, that is all, if gold was chosen over many cultures was not because it had some inherent value it was because it was the best tool for the job, but economists are making it seem as if bitcoin is bad simply because it has no backing, as long as bitcoin has all the right characteristics for the job then it is not a scam and it will be used by people as money because is the best currency currently available.

[XbladeX]

Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all.   

If you thing that is made out of thin air then maybe try do it ?
Can you create out of thin air on your own ? NO ?
So its take time / energy and efford to do so.
Bitcoin is somehave energy backed and have fair distrybiution becouse of that.

[First77]

It is incredible how the economy knowledge has been so distorted to the point we have to endure this, money was first created to facilitate the transactions between people, that is all, if gold was chosen over many cultures was not because it had some inherent value it was because it was the best tool for the job, but economists are making it seem as if bitcoin is bad simply because it has no backing, as long as bitcoin has all the right characteristics for the job then it is not a scam and it will be used by people as money because is the best currency currently available.

What is Bitcoin 800% profit every month for 9 years ??  

[UAE Seasider]

Well he seems like a very well educated gentleman.... Not!

Maybe he would be kind enough to elaborate the practice of Fractional Reserve lending, and explain to us how a bank been able to lend out 9 times notional value of what is deposited is not actually creating money out of thin air? At least Bitcoin has proof of work and time and power spent by the miners in its creation.

[super5star]

Yes, you are right. Bitcoin create money in just a glance if we do the right way and right decision making in investing. Earn income more than what we think it doubled, doubled or more. It is a futuristic way to help every body's financial problem.

Man selling 8000 Bitcoins

https://bitcointalk.org/index.php?topic=2698402.0

If you have ICO tokens it is good for you to hold, holding is best for investors as they hold and wait it will be sure that profit will become your future, bitcoin is money generators, but I think by creating money in the thin air it does not mean that it is being mined up in thin year. Buying tokens is being best for people who are investing and waiting long, so! It is best in thin air as well.

[Lorna t]

Fist ask here for our country that bitcoin is not a scam and way to earn bitcoins .and bitcoin is not actually a scam .people are really scams because they know how to lie and by using that anything like bitcoin or Fiat currency is bitcoin always and what is the good cryptocurrency this is the reason people need to be aware and study it should be the real scam on site etc.and how to earn and spend bitcoin in legit way and many people accept or use bitcoin than other cryptocurrency everyone is dislike other people to mislead information its a shared  with people I know not about it and as for scammer we should worry about things that we have made something wrong and please do what should change your life.

[SaiWAFU]

It's not.Let's put it this way, if you have credit card you can so transactions using it then you have to pay for it with actual money. Bitcoin is like the other way around, you have to pay/invest first then you can do transactions with stores/shops that accepts bitcoin as payment though.

[First77]

Mining  of bitcoin is not a thin air, and remittance  of bitcoin from one end to another  too a thin air. Bitcoin in an is a pure business

FBI/Federal police shut down "12dailypro HYIP' that was paying 25% profit every month. HYIP are ponzi scams

Past 3 years, Bitcoin profit was 55% every month ($1000 to $20,000)

[idgaf007]

Maybe he needs to understand the technology behind cryptocurrencies. Creating something out of nothing is possible but if people don't give value to it that means it would be useless. the reason why bitcoin is going up in value is it's limited supply and the technology behind it.

[Aleksandr_ov]

it's the same thing that Facebook share cost 1 dollar and became 10 dollars! 9 dollars from where did they come if the number of users remained the same?