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Author Topic: Rush money and BITCOIN  (Read 753 times)
Zainal-baguz
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June 27, 2019, 10:31:51 PM
 #41

if I prefer to hunt for money bro. because in my country bitcoin is still not accepted as a legitimate currency like paper currency. but I also need bitcoin to help my economy grow. because both of them cannot be separated from my life, bro.

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markgayamo
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June 30, 2019, 08:24:34 AM
 #42

All people wanted to have rush money and fast income but in terms of bitcoin you can have a rush money when you invest a bigger amount so that you can earn more profit when you invest in a good company. Most people and greedy when it comes to investments and they are using this as scam so that to have fast and rush income without any efforts.
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June 30, 2019, 08:55:38 AM
 #43

Maybe Rush money in the a sense of here is taking or withdrawing money in a crowd at the bank simultaneously. If the money invested in the form of bitcoin then the price bitcoin would not be contained and soared high while the bank will bankrupt
Indeed but here is the fiat redraw the bank rush with Bitcoin.

The more Bitcoin will grow and adopted the less to worry those bank runs. We need to accept and pay more with BTC.  More about it here by andreas antonopoulos Bitcoin Q&A: Price volatility and store-of-value

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June 30, 2019, 08:58:44 AM
 #44

Maybe Rush money in the a sense of here is taking or withdrawing money in a crowd at the bank simultaneously. If the money invested in the form of bitcoin then the price bitcoin would not be contained and soared high while the bank will bankrupt
Indeed but here is the fiat redraw the bank rush with Bitcoin.

The more Bitcoin will grow and adopted the less to worry those bank runs. We need to accept and pay more with BTC.  More about it here by andreas antonopoulos Bitcoin Q&A: Price volatility and store-of-value

It's not just about that as well, the more Bitcoin grows and the more it's adopted, the more people USE it in fact, the less people even need to worry about anything else. If fiat survives, okay fine, if it doesn't, we've got Bitcoin. We just need to start using it well and often, and one day even just transact thinking of everything in BTC price!

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June 30, 2019, 09:03:49 AM
 #45

It's not just about that as well, the more Bitcoin grows and the more it's adopted, the more people USE it in fact, the less people even need to worry about anything else. If fiat survives, okay fine, if it doesn't, we've got Bitcoin. We just need to start using it well and often, and one day even just transact thinking of everything in BTC price!
No they shoud/could live side by side. just as the fiat currencies do.

Check this video, a older one. Price volatility, pegging, stability

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June 30, 2019, 09:33:54 AM
 #46

if I'm honest, bro. I really need both. either bitcoin or paper money. because both of them I can use to fulfill all my daily needs. but I prefer to hunt bitcoin because I can use it to change my future better, bro

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June 30, 2019, 01:20:52 PM
 #47

What's Rush money? I've never heard about it before, google doesn't seem to have a specific result either  Huh
I think the OP wants to say about fiat currency. Paper money and bitcoin, we always collide this two different things. Until now, it still issue of what good to use. Either fiat or cryptocurrency, they have the same usage. We can buy or pay anything by the use of this two system of payment. However, fiat still more usable to many people since a lot of us still cannot afford to buy bitcoin. But there are many assumptions that talked about the capability of bitcoin to be the main currency someday.

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June 30, 2019, 03:33:02 PM
 #48

if I prefer to hunt for money bro. because in my country bitcoin is still not accepted as a legitimate currency like paper currency. but I also need bitcoin to help my economy grow. because both of them cannot be separated from my life, bro.

Who cares if it's not accepted in your country to be honest.

You can still invest in it and use it to buy stuffs from vendors who accept it even if they are not inside your country. You only need to be more careful but that's it.

And i will believe that Bitcoin is better for a good while if not forever.
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July 26, 2019, 04:39:07 AM
 #49

today.  in my country spread information about Rush money system.  The public concluded that Rush money was influenced by political factors.  but on the other side.  I think this is not just about politics.  but this is proof that the public is bored with a centralized financial system.  but I want to ask.  what happens if BTC make a Rush money system?  or do you think that BTC never make Rush money?  share your knowledge here guys.  !


Money in a hurry is a movement to withdraw money from each savings account, in large quantities and at the same time at the same time. This 'action' does not even often drain the money in savings. As a result of rush money, it can be grouped into three, namely in the economic field, it is the chaotic of the banking system, because it reduces cash. Then in the social sector, namely the emergence of unrest because of the damaged bank system. Then finally in the political field, political leaders supporting the government can draw consensus to attract legitimate government support. The rush of money movement is very detrimental. If this happens, banks will experience a crisis. Credit can dry up liquidity and create public panic.
An increase in the increase in value can increase the interest rate. The bank will raise interest rates which will eventually erode credit amid a slowing economy. The pattern is taken because of the declining purchasing power.
If bitcoin makes the system rush, it will create conditions that are not much different from those obtained by the bank that will be feared.

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July 26, 2019, 08:27:55 AM
 #50

Bitcoin is controlled by the holder and has nothing to do with the government, holding long-term bitcoin will be profitable, maybe there is a possibility that your country has bad politics and public trust in the government is also not good.
Bitcoin is not controlled by anybody. Get that fact straight. You are in control of your own coin and not anything more than that. As soon as your have made a transaction, it will be added to the public ledger the blockchain and the new owner of those coins will control them. Governments have no control over bitcoin and they will not in future under any circumstances be able to take control of it.

Politics in every country is bad, but you have to live with that because the absence of politics leads to struggle of power and anarchy. What that has impact on bitcoin will be seen in future as time passes but for the time being it is a good investment if bought at the proper price. Whether you like making money from the pump and dump is your decision to make.

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minhquan.bn
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July 26, 2019, 09:01:19 AM
 #51


What country is your country? What is Money Rush?
Apaxy
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July 26, 2019, 10:06:24 PM
 #52

Once a person told me a very clever thing that changed my views regarding the banking system and a single Bank.  Ideally, no bank has its own funds, because all their assets are customer accounts.  It can be both legal and physical persons who have invested their money on deposits or by other means.  it turns out that the bank will be released into our hands with our money and at the same time it still exposes to the clients certain conditions to which people must agree.
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July 26, 2019, 11:17:14 PM
 #53


What country is your country? What is Money Rush?

It was explained earlier in the thread. Find it and don't ask like a child.

Theoretically, Rush Money is the act of withdrawing money on a large scale in the short term, it can indeed shake the bank. Because banks generally only have a limited amount of money reserves. And if it happens to bitcoin, then there will be a huge jump in transactions and it might affect the value of bitcoin itself in the near future.

I'm sure that if a bank rush happens somewhere at least some of that money will go into bitcoin and gold. If a country is big enough it will also affect the price but troubles in Venezuela did not push the price up by much in 2018.
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