Bitcoin is creating money out of thin air

[pocketfullofpoke]

Let this man express his thoughts about bitcoin. We all have our own perspective towards digital currencies and it is not new to us that while we enjoy the profit that we got from bitcoin, there are also these people backlashing bitcoin and the cryptoworld in general.

[dvillier]

That is the thing that all butt holes who don't know poo about bitcoin need to state. A greater amount of this poo is yet to come. The more famous bitcoin gets, more horse crap originates from individuals' mouth. Particularly from those individuals who are outstanding for being a corporate. In the event that they truly think bitcoin is a trick or an air pocket, at that point for what reason don't they give enough verification to substantiate themselves

[zabjerr]

maybe it's true that creating the money from the top is streaming down the air because the satellite above wiping the wifi signal so we got online so we bitcoin and earn money with bitcoin, and that's because it's a creation the smart person internet and computer where the bitcoin came from or created

[Tossiss]

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

So where is Scam here?
many economics say bitcoin is bubble and Gambling. who trust in bitcoin will win others will loss

[First77]

So where is Scam here? many economics say bitcoin is bubble and Gambling. who trust in bitcoin will win others will loss

Bitcoin $12,000 now

[bitfocus]

This is a real bullshit. that person has zero ideas about Bitcoin, Blockchain and the whole process, also, he seems has no interest learning It! Whatever, no cheap punk like him can change or stop the Bitcoin Revolution.

[onnz423]

Bitcoin isn't creating money out of thin air, it is creating a store of value out of thin air, similar to how credit systems work. Bitcoins are produced, fiat currency exchanges hands in conjunction with bitcoin transactions, the amount of money in the world hasn't changed, the amount of value in the world has. Cryptocurrencies are a symbol of the future, physical items as a store of value are outdated, gold doesn't have $1,300 of usable value per ounce, and yet people still buy it as its value is recognised as $1,300/oz.

[First77]

Bump

[johny.valencia2]

You need to giggle at these individuals, taking a stab at all that they can to put individuals off association with Bitcoin or other advanced monetary forms. Fragmentary save loaning is conceivably the greatest money related trick ever and enables banks to loan out 10 times what they take in from stores. They simply type numbers into a PC to change your adjust with an advance now that truly is cash out of nowhere.

[Rath_]

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

I'm surprised that many people actually believe in this. Many people think that Bitcoin is just a number in a computer which can be changed by anyone. What about governments who print more money every time they don't have enough of it to cover expenses? Why people are not against of online banking which in my opinion is less secure than Bitcoin because banks are responsible for the security of your money. If Bitcoin is money created out of air then fiats are too.

[Englebabylove]

I don't know who this is, why we're going to believe what he said, so many famous economists say the development of the currency is very good, will become the mainstream of future currency, no one is to promote

[Snail2]

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

Like central banks? I don't think so. We have a 21million cap. Also miners not printing money, they buying/developing/manufacturing hardware, using their own electricity, processing transactions and keeping the network alive, then get paid for that. This guy obviously have little idea about how crypto working.

[tarable]

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

Like central banks? I don't think so. We have a 21million cap. Also miners not printing money, they buying/developing/manufacturing hardware, using their own electricity, processing transactions and keeping the network alive, then get paid for that. This guy obviously have little idea about how crypto working.

means it is not necessarily true yes, because the financial world is not the air, but the effort we must do diligently without any complaining.

[TeLlMeFrY]

There are many people with completely apposite positions about Hitchin. And he is one of them. So you shouldn't be worried, just make your own research and decide what is your position by yourself

[nicko122]

Many will disagree with this point of view. People for some reason perceive bitcoin and other crypto currencies skeptically. This way of investing is no worse than the rest, and at the moment is the most profitable.

[Virtual miner]

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

I'm surprised that many people actually believe in this. Many people think that Bitcoin is just a number in a computer which can be changed by anyone. What about governments who print more money every time they don't have enough of it to cover expenses? Why people are not against of online banking which in my opinion is less secure than Bitcoin because banks are responsible for the security of your money. If Bitcoin is money created out of air then fiats are too.

I think by creating money in thin air he does not means that it is being mined up in thin year. He means that the value is increasing without any solid backing news or actions. Obviously everyone once in their journey would surely have doubted btc that what if it happens to be a scam? It has actually shown the traits of a great bubble so far. Its graph shows a great ascend so far with no major descents.

[First77]

Silver is $18/ounce. This shows "Bitcoin is creating money out of thin air"

[First77]

Investors “should be prepared to lose all their money” in Bitcoin - Steven Maijoor, chairman of the European Securities and Markets Authority,

https://www.zerohedge.com/news

[Genemind]

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

FUD everywhere, if people will get carried away easily, bitcoin will surely fall. Actually, it's not the news that brings bitcoin down, it's those people who panic on selling when bad news about bitcoin comes out. Some good investors see it as an opportunity to buy more.

[gabmen]

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

FUD everywhere, if people will get carried away easily, bitcoin will surely fall. Actually, it's not the news that brings bitcoin down, it's those people who panic on selling when bad news about bitcoin comes out. Some good investors see it as an opportunity to buy more.

Bitcoin already has a solid base so i don't think it will fall because of weak hands panicking. Whales are just waiting to take advantage of this when it happens and when they move, price will eventually be bullish again leaving those who panicked in regret