First77 (OP)
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January 11, 2018, 04:01:36 AM |
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Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all.  |
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Baimovic
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January 11, 2018, 04:43:44 AM |
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wrong statement, I think he does not understand bitcoin well. maybe some senior can explain bitcoin to him.
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Tubsie
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January 11, 2018, 04:43:48 AM |
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Its not Creating money in my Opinion. Money is being put in to it which gives it value. Ofc bitcoin is a big treat for regular money, and if people keep putting cash in to Bitcoin the value will only go up. And create more money  |
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Dapper
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January 11, 2018, 04:45:56 AM |
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They key is to have enough converted to fiat, land, and gold before the music stops. What's funny are the people who complain about the music.
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sent from my X6
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SerioGiocatore
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January 11, 2018, 04:59:52 AM |
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Bitcoin is digital currency but that doesn't mean it's not real.
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Nerman
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January 11, 2018, 05:14:27 AM |
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What he said is applicable to everything that has value. So in that sense he is wrong.
Anything is valued on what people are willing to pay them.
If a Superman comics can cost up to $2,000,000 then why not bitcoin.
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sabine80
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January 11, 2018, 05:36:55 AM |
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Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all. Bitcoin creates no new money. bitcoin is the reason, why its change from a person to another. but bitcoin itself makes no new money. its only a ware that people trade. the number of euros, dollars of other fiat never change because of bitcoin. that is maybe a difference. |
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First77 (OP)
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January 11, 2018, 06:06:16 AM |
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What he said is applicable to everything that has value. So in that sense he is wrong. Anything is valued on what people are willing to pay them.If a Superman comics can cost up to $2,000,000 then why not bitcoin.
25,000,000 people worldwide accept Bitcoin. how does Bitcoin become money  ?? USA and Saudi Arabia signed $350,000,000,000 deal for 10 years in US Dollars. That's money. |
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christian07
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January 11, 2018, 06:10:57 AM |
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First talk here in our country bitcoin is scam and more on investing with more on losing it so i think they don't it really that's why some people talk about like that,I think also if you experience crypto in bad way like your trading go wrong i'm sure you will say it's not good,or you only read about crypto in bad statements or news.Moreover they think about like that and we cannot change that because they don't know really what can crypto brings to many users of it.
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First77 (OP)
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January 11, 2018, 06:14:42 AM |
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Its not Creating money in my Opinion. Money is being put in to it which gives it value. Ofc bitcoin is a big treat for regular money, and if people keep putting cash in to Bitcoin the value will only go up. And create more money Money is being put in Bitcoin that only takes Bitcoin price high, that is ponzi scam. Only New investor's money increases the value of bitcoin |
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care2yak
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January 11, 2018, 06:24:41 AM |
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Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all. then he's referring to banknotes as well. creating money out of a blank sheet. banknotes are just printed on paper and is backed by the word of the government. the government says that banknotes/fiat are valuable and the people believe it. when the government devalues money, or declares that a certain banknote series will no longer be accepted as payment, people will believe it. if you keep a large amount of that banknote series that was devalued by the government, that would mean you're instantly broke! |
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Sasha Lumerin
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🤖UBEX.COM 🤖
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January 11, 2018, 06:28:48 AM |
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bitcoin is not like what he say, look it went to 1 to 1000 and drops again 200 and then jumped on 17000, it is not just a quick buy and sell but How the strong hand wins the reward, bitcoin is the future we can't deny it
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Kotone
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January 11, 2018, 06:34:31 AM |
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Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all. ANYone and everyone who has not been understanding of bitcoin can easily say that especially when they not fully understand the mechanics of it. However for us we all know that this is not drawn from nothing this is what we all worked hard for |
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LuckyHopper18
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January 11, 2018, 06:37:52 AM |
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I think the chairman don't understand a thing about cryptocurrency that is why he made that statement. Although bitcoin has no physical representation, digital currency is true and real.
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Yakamoto
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January 11, 2018, 06:42:17 AM |
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Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all. I mean, it depends on what he meant by the statement. I need a lot more context before I would be able to give an informed opinion on whatever this guy would be saying since there are two possible things he could have meant: 1) Bitcoins are being created out of thin air, which is technically true although there are certain limits on the creation of them, or, 2) Bitcoin is making gains for people who invested into it out of thin air and there's nothing to back it up, which is an intangible comment and you can't do more than speculate on this. Could you potentially post the entire statement so I could narrow down what he was referencing? |
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bitzzz
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January 11, 2018, 06:45:07 AM |
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Digital asset real exist. Bitcoin is real because it can not be deleted from the world. you can have it personally with your own key. It is more safe than the money you stored in bank.
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jaylhynne018
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January 11, 2018, 06:48:55 AM |
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Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all. no not its not a scam because if bitcoin is creating money out of thin air why we cannot scammed from the start so bit coin is not a scam! |
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clickerz
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January 11, 2018, 06:49:56 AM |
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I think the chairman don't understand a thing about cryptocurrency that is why he made that statement. Although bitcoin has no physical representation, digital currency is true and real.
He is amybe true but its the supporters like all of us here that gives value to bitcoin. Yes its started from noting but as many people join and contribute their money or funds buy bying the bitcoin, it grows to unprecedental rate.The more people believes in bitcoin and support it but buying it, the more bitcoins value will increased. |
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Fappanu
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January 11, 2018, 06:52:25 AM |
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Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all. At the time of our day, there are many who are united, just because of envy so others are just getting rid of what should not be broken. Bitcoin is used by people to make enough money, so they can spend it. More people are receiving or using bitcoin than other cyptocurrency. They dislike other people to mislead information that is being shared with people who do not know these things. And as for scammers, you have to worry about the things you do. You're doing something wrong and please make a changes in your life. |
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rphk
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January 11, 2018, 06:54:40 AM |
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probably he is scammed by some sites by investing and not knowing which is best and way to earn bitcoins, bitcoin is not actually scam , people make scam and by using anything like bitcoin or fiat currency , bitcoin good crypto currency , that is reason people need to be aware & learn also that which are the scam sites etc , and ways to earn and spend bitcoin in legit way .
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