Rush money and BITCOIN

[kamBlanV]

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.  !

[1715168394]

1715168394

[1715168394]

1715168394

[1715168394]

1715168394

[BQ]

What's Rush money? I've never heard about it before, google doesn't seem to have a specific result either 

[sandra_x]

I am not sure what you mean by "Rush money" Maybe you could offer some clarity. Bitcoin is outside the realm of a centralized system as we do with government issued fiat money

[kamBlanV]

Rush money is part of the economic crisis.  Rush money is a process when all people to take a large amount of money they save in a bank.
 the impact of the Rush money process is that global inflation.  and the bank's financial system will be destroyed.

[Twinkledoe]

Rush money is part of the economic crisis.  Rush money is a process when all people to take a large amount of money they save in a bank.
 the impact of the Rush money process is that global inflation.  and the bank's financial system will be destroyed.

In what country are you located at? Never heard rush money as well. Is it like if someone is in panic mode, he will get his money from the bank, and then what? OP, can you elaborate further what you wanted to convey here, in relation with bitcoin?

[BQ]

Rush money is part of the economic crisis.  Rush money is a process when all people to take a large amount of money they save in a bank.
 the impact of the Rush money process is that global inflation.  and the bank's financial system will be destroyed.

A bank rush?
Well this would likely happen with exchanges too, there's not enough volume.

[uneng]

A hard dump would be a *rush money* in bitcoin market, right? Then it may happen as it has already happened several times, but the market recovered itself later. It's a natural process and it means the country (or the currency) isn't trustful anymore or that it's not pleasing the investors, hodlers, speculators.

[Genemind]

You should have mentioned about the country that you're living in so we would have an idea if it's real or not.
If that's true, I guess your government is just trying to manipulate your currency. They're controlling its value and I don't think that would ever happen to bitcoin. It will be easy for exchanges to control it.

[traderethereum]

If there is a politic inside the money, then I am sure that there will be interest from many people to control that thing.
I don't think that bitcoin will make rush money except if the pump is coming too fast because that will make people panic to sell their bitcoin at the highest price.
But I am curious what is mean about the rush money system that you mean.

[mamesso]

Money Rush, hmmmm it looks bad. Maybe your country is in a situation of bad political situation and public trust in the government is decreasing, there will be chaos. or the community conducts a demonstration with the government. Bitcoin is controlled by the holder and does not tie a government, there will be no bitcoin rush.

[Ailmand]

Sounds like your country is experiencing a political struggle which could really affect your economic growth.
Maybe, that "rush money" is happening because of the impact of their conflict. It could affect the supply and demand of your currency for sure.

[betty11]

Well, If I understand you, what if people suddenly want to cash out of bitcoin, what will be the fate of bitcoin? Well I think it's the bank people will rush to and cash out, then put it in something better with a better store of value like the bitcoin or gold, in our money day, they will definitely put it in bitcoin.

[CryptoBry]

Rush money is part of the economic crisis.  Rush money is a process when all people to take a large amount of money they save in a bank.
 the impact of the Rush money process is that global inflation.  and the bank's financial system will be destroyed.

I think 'rush money' here refers to another term which is 'bank run' which can happen when depositors are getting their money from the bank on big volume which can of course affect operation of the banks. Bank run is usually bad for the economy as banks are playing pivotal role in daily transactions within the country and internationally. There are reasons why a bank run can happen but the foremost of them all is the lack of trust and confidence with the system. Now, I have a problem connecting that to bitcoin as the same can never happen here.

[Artemis3]

Rush money is part of the economic crisis.  Rush money is a process when all people to take a large amount of money they save in a bank.
 the impact of the Rush money process is that global inflation.  and the bank's financial system will be destroyed.

Hmm that's a funny way to define the problem with fractional reserve banking, as if the problem was the people and not the system itself...

But that is what it should occur, and since you know it in advance, you should not keep money in fractional reserve banks and while the world moves to full reserve banking, your next best is Bitcoin or old fashioned precious metals such as gold. Don't keep fiat, because its going to plummet as a result of the stubbornness of the people defending the scam that the fractional reserve banks are.

The more the people learn about this scam, the more banks will collapse, critical mass will come quickly and suddenly, and you won't have a chance to react. Take your money out now and change it for something good before its to late. If you want to prevent this, advocate Austrian Economics and push your country to adopt it. Those countries who do it first will be spared when the world crisis from the worldwide collapse of the fractional reserve banking and its inflationary currencies.

People have every reason to take their money out of the system, it was never safe in the first place, it was but a lie.

[danipay]

rush money is a customer who is afraid that the bank where they are saving will go bankrupt, so they flock to the bank and withdraw their money in a short time to avoid losses. Is the bitcoin community feeling scared so they need to rush bitcoin like money?

[jameswell]

Haha, this is exactly showing the advantages of Bitcoin vs. the traditional banking system especially in a country where its banking system is not sound.
With Bitcoin, you have full control of your money and there is no such "rush money" in place.

[Apes]

Rush money is part of the economic crisis.  Rush money is a process when all people to take a large amount of money they save in a bank.
 the impact of the Rush money process is that global inflation.  and the bank's financial system will be destroyed.

If the Rush Money definition were like that, it's like global masive dumping. if the certain system applies the Bitcoin price will drop to no value. this is like the alt coin price that goes into the exchange and the holders choose to sell, we often find alt coin prices that fall unworthy after crowdfunding because there is no demand.
A large liquidation in the Rush Money period causes economic inflation, however back to the country's gold reserve, if have a gold reserve, I'm sure it won't have much effect. because as far i know, gold should be an inflation assurance which has been approved by the world.

[jossiel]

In other words, you are asking if dumping just like the rush money system is possible to happen in bitcoin? as for bitcoin, a large amount is being taken from bitcoin wallets by the people and sells it to exchanges.

If my logic is correct with the definition you had given, this is actually happening. And that's what we call 'dump' which usually happens to the market when billions of money has been taken out from the total market cap of bitcoin. This also happens to alt coin market.

[MIner1448]

Rush money will lead to problems of liquidity of banks and the financial system in your country as a whole, this is certainly not a good period, I passed this period in my life, when banks simply simply closed and people could not withdraw their savings because of this "rush money". Perhaps people will look for an alternative in the form of bitcoin or cryptocurrency.

[Kakmakr]

Rush money is part of the economic crisis.  Rush money is a process when all people to take a large amount of money they save in a bank.
 the impact of the Rush money process is that global inflation.  and the bank's financial system will be destroyed.

By this definition it looks like you are talking about "Capital flight" and "Bank rush" 

Bitcoin has shown that it can help people in circumstances like this and we saw this in Greece and Zimbabwe when the Banking system buckle under the pressure. They simply close their doors and stop people from having access to their money.

This is where Bitcoin is better, because no centralized organization can stop you from having access to your money, if you using Bitcoin correctly. <not through centralized wallet providers or exchanges> 

[AjithBtc]

Rush money is part of the economic crisis.  Rush money is a process when all people to take a large amount of money they save in a bank.
 the impact of the Rush money process is that global inflation.  and the bank's financial system will be destroyed.

By this definition it looks like you are talking about "Capital flight" and "Bank rush"  

Bitcoin has shown that it can help people in circumstances like this and we saw this in Greece and Zimbabwe when the Banking system buckle under the pressure. They simply close their doors and stop people from having access to their money.

This is where Bitcoin is better, because no centralized organization can stop you from having access to your money, if you using Bitcoin correctly. <not through centralized wallet providers or exchanges>  

Well said, rush money is just the simultaneous withdraw of the savings from the banks losing trust over them or on economic downfall. By this time banks restrict people from withdrawal of their own funds. This in the past has taken place with many banks and has led to closure.

As stated above in most economic downfall circumstances bitcoin have helped them big. Particularly this is where the usage of bitcoin on African countries began to increase high. For this banks too need to be decentralized same as our cryptocurrency.

[cabron]

I won't happen in bitcoin, there there are millions of money taken out of the marketcap. no one can decide whether BTC goes bankrupt because everyone owns BTC, all of us. IF the price of BTC goes below $10, it doesn't matter as its still money. As long as there will be bids there will be value of the coin. Non shall decide btc to be worthless.

[BL46K 7193R]

I did not really understand your words. What do you mean by Rush Money system? If we were to explain clearly, then we could have shared our knowledge well.

[kamBlanV]

Rush money is part of the economic crisis.  Rush money is a process when all people to take a large amount of money they save in a bank.
 the impact of the Rush money process is that global inflation.  and the bank's financial system will be destroyed.

In what country are you located at? Never heard rush money as well. Is it like if someone is in panic mode, he will get his money from the bank, and then what? OP, can you elaborate further what you wanted to convey here, in relation with bitcoin?

I live in Indonesia, I think Rush money is an economic concept that will have a negative influence on the economic condition of the country.  I conclude this is the beginning of the destruction of the world of banks in my country.  until now.  the amount of withdrawal from the bank is 160 trillion.

[kamBlanV]

I did not really understand your words. What do you mean by Rush Money system? If we were to explain clearly, then we could have shared our knowledge well.

the Simple explanations is a way to destroy the world of banks in my country by the way all bank users withdraw every asset they save in the bank.  do you understand? I hope you can explain this condition.  and you have to compare it with BTC!

[adzino]

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.  !

Never heard anything about the "rush money system". What country do you live in? Your other post that describes rush money does not make any sense. If people save up a lot of money, how would an inflation take place? It would be either deflation or nothing, but no way inflation will occur.
Edit: My bad. I reread what you wrote. Yeah, if they start withdrawing loads of money from the bank ans starts spending, inflation will take place.  But if they invest those money on bitcoin or other crypto currencies, inflation of the currency will still take place but the price of bitcoin will increase. Limited supply of bitcoin, price of bitcoin rising at a high rate thus accelerating the inflation of the country.

[kamBlanV]

Rush money is part of the economic crisis.  Rush money is a process when all people to take a large amount of money they save in a bank.
 the impact of the Rush money process is that global inflation.  and the bank's financial system will be destroyed.

By this definition it looks like you are talking about "Capital flight" and "Bank rush"  

Bitcoin has shown that it can help people in circumstances like this and we saw this in Greece and Zimbabwe when the Banking system buckle under the pressure. They simply close their doors and stop people from having access to their money.

This is where Bitcoin is better, because no centralized organization can stop you from having access to your money, if you using Bitcoin correctly. <not through centralized wallet providers or exchanges>  

Well said, rush money is just the simultaneous withdraw of the savings from the banks losing trust over them or on economic downfall. By this time banks restrict people from withdrawal of their own funds. This in the past has taken place with many banks and has led to closure.

As stated above in most economic downfall circumstances bitcoin have helped them big. Particularly this is where the usage of bitcoin on African countries began to increase high. For this banks too need to be decentralized same as our cryptocurrency.

thanks.  and after that. does they have the opportunity to move their assets to the crypto world?  I believe.  every people who has withdraw money from  bank with large amount are looking for a place to store their assets.  I thought.  their choice is only BTC and gold.  Do you agree ?

[jonsky05]

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.  !

Bitcoin will not give a rush money especially if you invest to it, takes time to make a profit. In crypto there's no rush money unlike to cash that you said. Bitcoin can't provide you a instant money or cash because it's not like you think that everything will be can rush.

[maxreish]

Rush money is part of the economic crisis.  Rush money is a process when all people to take a large amount of money they save in a bank.
 the impact of the Rush money process is that global inflation.  and the bank's financial system will be destroyed.

In what country are you located at? Never heard rush money as well. Is it like if someone is in panic mode, he will get his money from the bank, and then what? OP, can you elaborate further what you wanted to convey here, in relation with bitcoin?

Same here. I just that 'Rush Money' from OP. But I do have some idea now. If it is related to economic status of a particular country, how is it related with bitcoin? Seems vague for me until I've read this from steemit.

Rush Money in this case is defined as taking money stored in banks simultaneously, as a form of mistrust of the community with the health condition of the bank or an unstable economy.

I just don't understand why are you so worried about rush money in bitcoin. In the first place, we are not under banks and we hold and keep our btcs in our wallets.

  or do you think that BTC never make Rush money?

I don't think so. There is a big difference of rush money you are talking about. And we simply trust bitcoin. If we want to withdraw your btc, you can easily do that.

[agatha90]

Rush money not only has a negative impact on the banking world but also on the customers themselves. To avoid losses, rush money can actually harm customers. Bitcoin is not like rush money. Long-term promising Bitcoin investment.

[valentin68]

Rush money happens especially with paper money. You place your paper money in a bank and then you come to that bank to ask for the money that you gave them. If the bank does not have that money to gave you, this is rush money.
Everyone will come to that bank to withdraw the money that that they gave to that bank, but the bank does not have what money to gave back.

This could happen with Bitcoin if the Bitcoin network is attacked. This can happen if the internet disappears, this can happen if there is a 51% attack on the Bitcoin network (a company in this world produce at that moment 51% of the bitcoin and that company decides that bitcoin is not useful in the world)

[jakelyson]

If a bank run happens in bitcoin, there is no controlling it. Every bitcoin owner has their rights to convert their bitcoin into any currency they want. So if there is a wide consensus to dump bitcoin, the price will suffer greatly. That is what is great and worse about bitcoin. Unlike in banks, if there is a bank run, the banks can simply restrict depositors from withdrawing their money. The depositors will suffer and the bank can direct the money elsewhere and declare bankrupt. Insurance will take care of the depositors up to a certain amount.

[MonsterV]

what happens if BTC make a Rush money system?  or do you think that BTC never make Rush money? 

Of course when the money rush happens to bitcoin it will cause a massive dump and this will be a big disaster like in 2018 where all the red markets.
In my country someone who invites a money rush to the bank will be punished because this action is very detrimental, yes sometimes this is linked to politics. But bitcoin does not have politics and is not central so it all depends on whales.

[Iceblast]

Rush money is part of the economic crisis.  Rush money is a process when all people to take a large amount of money they save in a bank.
 the impact of the Rush money process is that global inflation.  and the bank's financial system will be destroyed.

with the rush of money that is a sign of economic chaos in a country, is that right? I do not know the rush of money, but if rush money is a sign like that, it will make a big impact on a country.

[dothebeats]

With how you describe the "rush money" system, I don't think it will ever prosper on bitcoin knowing that the cryptocurrency is far from being a centralized system, and the exchanges doing the deals in trading cash to bitcoin are somewhat focused on profits more than having some power and keeping those coins on to their arsenal, not unless they are into some sort of exit scam of their thinking. Such crisis isn't really possible on a decentralized ecosystem, but on a centralized one, most especially banks, perhaps there could be a problem.

But seriously though, I still can't understand what "rush money" system exactly mean. Can someone post a link or something that falls exactly or somewhat close to what OP is saying? That would be an interesting read.

[spadormie]

Rush money is part of the economic crisis.  Rush money is a process when all people to take a large amount of money they save in a bank.
 the impact of the Rush money process is that global inflation.  and the bank's financial system will be destroyed.

What I think in this kind of situation is like sabotaging the bank in order to form a new version of it which is what we wanted for bitcoin. We want it known in the whole world and will be the new version of online bank. You need to consider those believers in bitcoin before conducting a crisis like this. This will never work if those people that only supports bitcoin will pull out. That should be a massive group.

[sngwinner]

I'm actually confused. I do not know what rush money is. If it is just a term localised used innyour country thn you should explain it for all of us here to understand because this forum is a global one and hence any term known locally alone should not be used or beteer still, if used should be explained

[Raja das]

RUSH MONEY, I'm not sure but I think Rush Money provides financial services.
What we are revolutionizing lending through technology. Fast and simple Lending.
 
BITCOIN, I already discuss another topic.

[Ghebung Masam]

I think if people rush money for bitcoin then that is impossible because there will be a bubble.
but if bitcoin is received in the wider community as a sales tool it might be better.

[denasha92]

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

[Zainal-baguz]

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.

[markgayamo]

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.

[klaaas]

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

[slaman29]

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!

[klaaas]

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

[Market-desi]

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

[Nellayar]

What's Rush money? I've never heard about it before, google doesn't seem to have a specific result either 

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.

[xWolfx]

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.

[diahsw]

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.

[TheUltraElite]

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.

[minhquan.bn]

What country is your country? What is Money Rush?

[Apaxy]

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.

[pixie85]

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.