There is something wrong with cryptocurrencies?

[sky59sky59]

What would happen if everybody wants to exchange for a real money?
I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?

[DapanasFruit]

What would happen if everybody wants to exchange for a real money?
You are looking at a scenario like a major crash...but even if there will be a crash not all will exchange their crypto to real cash because there are many who already understood well the cycle of cryptocurrency...in fact if there is a dip many are buying more because they are buying at a deep discount. You can never expect that all people will have the same mind or decision not unless there is someone programming them to do it like that...maybe China is developing that technology right now that they can just beam a message to all people and they gonna follow like a robot.

I consider it not fair to mine cryptocurrencies?
So you are against mining? Mining is an essential and integral part of many cryptos especially Bitcoin. And since we are not the real Satoshi there is nothing we can do about it. By the way, you can be a miner too so you can gain the upper hand on this "problem" you are thinking about.

If it is so good why there is a need for exchange rate to the real money?
It would be a lot problematic if people can't be able to exchange into real money. Well, there are now many merchants accepting cryptos so if you want to buy there is no need to convert into real cash anymore. The beauty with the current set-up is we have choices...the more choices the better.

Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having problems not to be fed this pyramid game with real money?
Scams do exist even without cryptocurrency and people back then were using the US Dollar or the fiat money of their countries...but at that time nobody would ever think that just because scammers were using the US Dollar that the dollar is also a scam...yet today many have this kind of thinking that Bitcoin is scam because scammers are using it. You should never entertain anybody calling you to invest using cryptocurrency because no legit investment firm will do that not unless you initiated a connection with them.

[20kevin20]

What would happen if everybody wants to exchange for a real money?

Depends. If everyone wanted to do it at the same time, it would be the same thing as everyone suddenly selling all their TSLA stocks. It'd dump to the ground. If everyone wanted to do it but progreasively, it might not mean a huge dump is incoming. Remember that for any sale there is a seller and a buyer. It's not like you claim USD for Bitcoins and then throw your BTC to the trash. No. You sell it to someone else who believes in it.

I consider it not fair to mine cryptocurrencies?

Why? Sometimes miners don't even earn as much as they pay for the electricity & hardware.

If it is so good why there is a need for exchange rate to the real money?

Because the world functions on fiat right now and it can't be a currency or a store of value if it has no real value. Value is currently measured in fiat, so.. it's kinda logic from here.

Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?

If you call this a pyramid game, then I suggest you read about Bitcoin because it's quite clear you don't understand it. Your messages are coming due to your own fault. Giving away personal information for free ends up exactly like this: your data is being sold to someone else or leaked by some hackers who obviously have no good intentions but to do phishing on you.

[yazher]

It seems like a legit question but those things will not happen except something has gone wrong with the market and you will see the people selling their cryptocurrencies one after another. It already happen when the SEC has put its eyes on XRP and the price has crashed but it recovered because they were able to fix it. As you can see, the SEC has no authority to do that on bitcoins that's why nothing will gonna happen to the crypto market that will make people rust to sell their crypto assets.

[Baofeng]

What would happen if everybody wants to exchange for a real money?

Then someone will buy it for you at a cheap price.

I consider it not fair to mine cryptocurrencies?

I don't understand why it's not fair, miners have purposes, and it's business, they need to make money and cash out from time to time to maintain the operation of their business.

If it is so good why there is a need for exchange rate to the real money?

Because that's how everything works in a financial market, not just in crypto.

Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?

I don't see any problem with that, good that you have been blocking them and not getting scammed. There are a lot of scammers out there, and it's good that you practice not listening to every one of them. You can do invest yourself directly to crypto, just saying.

[BlackHatCoiner]

Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency?

Because you've shared your phone number with many strangers. So many that some actually sold it to those scammers who'll try to convince you invest in their ponzi scheme “projects”.

Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?

Excuse me, sir, but how do you define “real money”? To me, money, not necessarily real, is anything that can be used as a medium of exchange. A thing that some agreed to use in exchange for goods. And that's what money is, I'm not the one who said it.

[Tytanowy Janusz]

What would happen if everybody wants to exchange for a real money?
I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?

1- name situation in which everyone will want to exchange crypto for "real money" at the same time. There nothing like that. Maybe asteroid about to hit earth. But BTC price will be the last thing people will be worried about.

2- There is nothing like "exchange rate to the real money". No one is setting this. People are constantly buying and selling crypto and the place where supply and demand meets create current price.

3- Because you used your phone number to log in on shady sites.

[hatshepsut93]

What would happen if everybody wants to exchange for a real money?

What would happen if everyone wanted to exchange all EUR for USD? This is more likely to happen because fiat currency might experience hyperinflation but Bitcoin can't.

If it is so good why there is a need for exchange rate to the real money?

You do realize that fiat currencies are also exchanges against each other?

Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?

Crypto sphere is full of scams, and it will be like that until it will stop having market bubbles that attract a lot of people wanting to reach quick, typically people with no experience in investing. Cryptocurrencies in general are not pyramid schemes, because they don't make any scheduled and "guaranteed" rewards for investors, it's just speculative investment.

[mindrust]

What would happen if everybody wants to exchange for a real money?

Nothing? If everybody wants to get their money and by money I think you mean the "USD", they will get their money. Bitfinex guarantees it.

I consider it not fair to mine cryptocurrencies?

Why do you consider it unfair?

If it is so good why there is a need for exchange rate to the real money?

There is no such need. You can spend your crypto without going back to FIAT.

Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?

These kind of people have been around since the beginning of crypto. Don't listen to them, problem solved.

Crypto is fine.

[sky59sky59]

Just one aswer to all why I consider mining as not fair.
At the beginning (at least I understood it like that) it was easy to mine the bitcoins. True?

And in general: you can get something for nothing. I do not count excessive amount of energy and hardware.

If an algorithm to solve discrete log problem was invented, what would happen then? It is not proved it is impossible it is only believed and proved by the passing years...

And those mining centers, do they simply do the brute force calculations? How successfull they are?

I read over here there are also dedicated ASIC chips, what funcionality do they offer?

[EdenHazard]

Just one aswer to all why I consider mining as not fair.
At the beginning (at least I understood it like that) it was easy to mine the bitcoins. True?

And in general: you can get something for nothing. I do not count excessive amount of energy and hardware.

If an algorithm to solve discrete log problem was invented, what would happen then? It is not proved it is impossible it is only believed and proved by the passing years...

And those mining centers, do they simply do the brute force calculations? How successfull they are?

I read over here there are also dedicated ASIC chips, what funcionality do they offer?

EZ.
but making profit out of it... that wasnt easy.
there is a lot of consequences just like any other business but even much more riskier here.

discrete logarithm? you sounds like a geek man. come on.
as time goes by technology get advanced faster than our blinking eyes.. so do with crypto & bitcoin itself, isnt it?
as time goes by...  a problem solved causing another one outdated and vulnerably broken.. is that scenario you talking about? a famous quantum computing..  etc ?

[Wexnident]

What would happen if everybody wants to exchange for a real money?
I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?

1) Coin dumps easy as that.
2) Why? Mining doesn't even destroy the system, it's the one that actually helps it imo.
3) Explaining it in simple terms, it's like trying to describe the value of something into what we're used to. E.g, describing the value of a piece of clothing to dollars, food to dollars, etc., it's simply a method to make it easier to determine it's value in a way where majority can actually understand what it means.
4) Just block them then. It's not a problem with crypto, it's just scammers being scammers really.

[electronicash]

where did you post your number that anyone calls you to invest in crypto?  if you once answered a call and you sounded like you are a pushover, they will call you every time they find out something will make you buy.

What would happen if everybody wants to exchange for a real money?
If it is so good why there is a need for exchange rate to the real money?

if EVERYBODY did it for once maybe the price will drop filling up all the buy orders of lowballers. they should be lucky. the exchange rate is for us to determine the value of the coin. if there will be no rate, it's good as if there is no value.

[Bitstar_coin]

What would happen if everybody wants to exchange for a real money?
I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?

With crypto there is nothing wrong but there are desperate people in this space who would want to take advantage of your naivety,
The reason why some people exchange for real money is because crypto is not yet accepted in many countries legally, you still need raw cash to make payment in many places, better you take out time and study a bit about it, it will help you understand more.

[Nhazwrath]

What would happen if everybody wants to exchange for a real money?
I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?

fiat can be considered a pyramid scheme as well with the market crashes as the cash outs.   

[vv181]

Just one aswer to all why I consider mining as not fair.
At the beginning (at least I understood it like that) it was easy to mine the bitcoins. True?

AFAIK, yes.

And in general: you can get something for nothing. I do not count excessive amount of energy and hardware.

You get something by "work", its how PoW supposed to be, it doesn't implicitly nothing.

If an algorithm to solve discrete log problem was invented, what would happen then? It is not proved it is impossible it is only believed and proved by the passing years...

And those mining centers, do they simply do the brute force calculations? How successfull they are?

I read over here there are also dedicated ASIC chips, what funcionality do they offer?

I'll let others to explain that to you since I didn't have much comprehensive technical knowledge. But I want to share a few resource incase you find any information about mining in general:
https://learnmeabitcoin.com/beginners/mining
https://learnmeabitcoin.com/technical/mining
https://en.bitcoin.it/wiki/Proof_of_work

[suryana]

If you are not comfortable with calls that often come offering you just ignore it, you don't need to bother and think about it while you don't want to and are not interested, it's good if you have blocked it. They have been around since crypto became public. This has become part of the sweet and sour playing investment. I think it's not only bitcoin that makes a lot of unclear calls, even banks, other investments or even large marketplaces are on their behalf in order to cheat. So all back to your caution.

[Congyang]

What would happen if everybody wants to exchange for a real money?

apart from that, the initial goal when investing was indeed to get money both in fiat and real terms (in the end it came back here). as for if they want it, I don't think there will be a big problem because they don't want it at the same time.
and of course when transacting there must be a seller and a buyer and automatically there will be, even though the price will decrease but only to a small extent, not in a serious direction, I think because it must be gradual, but it will be a different story when everyone wants it at the same time .

If it is so good why there is a need for exchange rate to the real money?

in the end everything will return to personal matters in the real world, even though technology and civilization have advanced, but not all of them can feel the same way, because even if fiat and crypto or others already exist, not necessarily facilities in one area can all-encompassing exists, there are definitely a lot that still don't exist for now and real money is a solution that will remain as digital money continues to evolve.

[sunsilk]

What would happen if everybody wants to exchange for a real money?
I consider it not fair to mine cryptocurrencies?

Why it's not fair to mine cryptos? Mining isn't just all about generating or minting new cryptos but it's also a way to validate transactions, to confirm transactions and that makes the network secure so every single fee that's paid to them is deserved.

If it is so good why there is a need for exchange rate to the real money?

Take the example of gold. Why is has to be exchanged too?

Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?

Be careful where you sign up your phone number. Data collection is everywhere and they'll be keeping it for them to take advantage of those that they'll find as a victim. Why would you entertain a stranger that asks you about an investment over the phone?

[Hippocrypto]

What would happen if everybody wants to exchange for a real money?
I consider it not fair to mine cryptocurrencies?
If it is so good why there is a need for exchange rate to the real money?
Why recently I needed to block about 30 phone numbers constantly calling me to invest money in cryptocurrency? Is it going to finish soon because of having probblems not to be fed this pyramide game with real money?

These people who wanted to contact you for serious investment discussion was associated with fraudulent activities using cryptocurrency as an alibi for their shady business. Mostly their pyramiding schemes was intensely convincing people around the world, ended worst if someone would entertain then just because of huge investment roi but unfortunately was a scam. Exchanging for real money is our nature when it comes to cryptocurrency, but controlling one selves is very important to avoid regrets when another rise happens.