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.  !

[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>