Rush money and BITCOIN

[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.

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[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