There is something wrong with cryptocurrencies?

[Slow death]

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

real money?

 

you can buy things using bitcoin, so bitcoin = money.

if you are referring to real money as Fiat, then rest assured that it is impossible for everyone to exchange bitcoin for fiat at the same time, this is because this market is very large and bitcoin has value, there are places where they accept bitcoin as a means of payment so people don't need to exchange bitcoin if they want to buy something (of course this option is in some countries not all), people are profiting from bitcoin, they won't let those profits so easily

[Zilon]

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

This is a serious imaginary instance but will it ever be possible for everyone to exchange their coin at the same time for fiat. Crypto is not like the general centralized investment or currency where the authority holders decides what happens to an asset here in crypto even in the dip more investors emerge to buy the dip

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?

Miners stand as a bridge for transaction verification and execution with complete anonymous identify of the both the sender and receiver ensuring the block sent into the node isn't modifiable and it's transparent for all to see. Mining isn't even an easy task as it requires sophisticated computer, constant electricity and a proper knowledge on how to solve the computational arithmetic sequences. I think it's really fair to mine because it's not an easy task

[nelson4lov]

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

real money?

 

you can buy things using bitcoin, so bitcoin = money.

if you are referring to real money as Fiat, then rest assured that it is impossible for everyone to exchange bitcoin for fiat at the same time, this is because this market is very large and bitcoin has value, there are places where they accept bitcoin as a means of payment so people don't need to exchange bitcoin if they want to buy something (of course this option is in some countries not all), people are profiting from bitcoin, they won't let those profits so easily

I'm not really sure if that's the case though. Everyone might just decide to liquidate their bitcoin positions as part of their rewards for mining but I don't think that's gonna happen because majority of the people and firms mining Bitcoin at the moment are long term believers of crypto and Bitcoin and so far, they have only sold BTC when they needed to.

[kotajikikox]

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

while you consider this yet this is not enough to happen because crypto miner knows that value of crypto and they will not just sell their coins infront of Fiat trust me they knew better than that.

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?

you blocked 30 phone numbers? how come that there are so many message? are you sharing your kyc here and there? because i have been in crypto for years but there are limited chance that number randomly messaging me.

[michellee]

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

Does everybody mean all people? I think that will not be a problem

I consider it not fair to mine cryptocurrencies?

It is still fair to mine cryptocurrencies because not all miners want to sell their mined coins, especially if they are still not profitable. They will still hold the coin until the price reaching the highest price they want.

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

Do you think people do not want to make a profit? They use the exchange to make money from the gap price. They will buy when the price is at a low price and will sell when the price is at a high price. That will still be like that.

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

Do you share your numbers with people you do not know? From where do they know your numbers?

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

No, I do not think it will finish soon because I think crypto still has a long journey and maybe we will not see what happens to crypto in the future because we are all dead.

[Renampun]

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?

why do you think cryptocurrency is a pyramid concept...

you will never be able to understand what the real purpose of the creation of cryptocurrency is because from your statement it is clear that you are still doubtful about the existence of cryptocurrency. Currently, cryptocurrencies have not been mass-adopted and we are still dependent on fiat to buy daily necessities, that's the reason why there are still many who exchange their crypto assets with fiat money in their respective countries.

[shield132]

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. Such a thing won't happen, what you imagine right now is chaos and if anyone wants to exchange for a real money, then bitcoin will lose value.

2. Why is it unfair? Is it fair when the governments print tons of money and you have to pay that debt from your own pocket?

3. Right now, bitcoin isn't universal and the whole world doesn't use bitcoin. Fiat is a major and the most acceptable form of payment, that's the reason.

4. If someone called you on your phone number to invest money in cryptocurrencies, it has nothing to do with the bitcoin or the crypto world but those guys who called you are just scammers who work for scam companies and call you from different countries. They ask you to deposit money on their exchange and they'll do all the trading staff and bring you the constant high profit.

[Leviathan.007]

About the phone calls from random people asking you to invest, I had the same issue and that's not even related to crypto there are some other groups of people calling people and telling them about forex and trading and ask them to invest in their company so they will trade and return some profits, there is even the same story for stocks market and there are some people doing such thing, so it's not happening only in crypto and that's not something new. Being fair not being fair to mine cryptocurrencies depends on what you mine and how you mine and many other factors, that totally depends on your own situation, for some people that's profitable and for some other people that's not due tome many other factors.

[Darker45]

If everybody who owns Bitcoin wants to exchange for real money, that means they couldn't make any exchange at all. How could they do that when there is nobody who is interested to have Bitcoin? But, of course, that's next to impossible to happen.

Bitcoin has a fiat value attached to it because the default currency is fiat. How could you even buy Bitcoin without going through fiat first?

Bitcoin is not a pyramid scam. You are simply being targeted by scammers. Those scammers don't have anything to do with Bitcoin. Change your number.

[ChiBitCTy]

I consider you to not have any clue about what you're talking about.  So what if you get 30 calls a day inquiring if you want to purchase cryptocurrency, what does that have to do with anything? I get all sorts of spam calls daily and they never have anything to do with cryptocurrency.  Also if you think mining is such an unfair disadvantage, then why don't you mine some?

[Marvell1]

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 also blocked a lot of phone calls from unknown numbers, this is our fault for leaking information and not the fault of crypto or anyone. Lots of calls to offer to invest in cryptos, join stock exchanges, forex, real estate...most of them are scam projects. The market is not at fault but it is the bad guys who take advantage of the market's reputation to create scams and it happens every day.

[Ararbermas]

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?

i think it's s not a smart idea to covert all crypto into real fiat, because it's seems you want to enjoy your life like there's no tomorrow.. Lol  i hope you know what investment means and what kind of mindset investors have especially when it's about what profits that they can get in the future.  So i think its impossible to happen..
And by the way be aware mate because for sure that different number calling you to make investment were scams. I suggest better to stay away on it and never trust to anyone foe your safety..

[Kelvinid]

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

Nobody is buying crypto then and it was the end of its life. But it was just "what if?" I didn't find it reasonable as many people wanting to invest and hold more than those who are selling.

I consider it not fair to mine cryptocurrencies?

Maybe if you are not good at mining this is certainly not fair but those who have been doing this for many years, are already satisfied with what they got. Some miners don't get it, they are greedy to think about doubling their money through mining and that is why they think it was unfair.

If that so, I think you have to find another job. Crypto mining wasn't good for you.

[Dhaniii]

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.

it is difficult to convey about cryptocurrency to people who are still new to cryptocurrency. common sense he feels cryptocurrency has tricked him and people who continue to contact are considered to have the same relationship with cryptocurrencies. Overcoming such problems is simply ignored and begins to re-understand about cryptocurrencies and how the mechanism of cryptocurrencies so as not to be deceived by people who make fraud.

[Wildwest]

If everyone exchanges crypto for real money then the price of crypto will definitely go down drastically, but this is very difficult because the development of crypto is getting bigger so that when there is a decrease more investors are investing because it is a great opportunity to make a profit, and being able to exchange for real money is very important because we buy something that has to use real money, And the crypto world is very much a scamer happening so we have to be able to overcome it.

[zanezane]

Everyone will want to exchange to that someday, it's not like everyone altogether would do sell their bitcoin in exchange for fiat, long as the society doesn't fully use crypto as a means of payment and banks still exist, we will be needing to convert crypto into fiat.

[kryptqnick]

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?

The only thing I think is wrong with cryptos is related to its underlying technology Blockchain, and the problem is with scalability. The more transactions per second happen, the more loaded the network gets, the higher the fees and confirmation time gets. This is a big flaw that limits the possibilities of adoption because it makes it ever more difficult with every step. But other than that, there's nothing wrong. These questions you ask seem weird to me. Exchanging cryptos for fiat is one thing, but then what would happen to fiat if everyone suddenly stopped caring about these useless papers and started wanting only the real stuff they need and value? There's also an exchange rate between fiat currencies, so nothing new here either. As for people calling you, it's probably scammers who somehow got your phone, and it's a problem, but it's not inherent to cryptos.

[imstillthebest]

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

This is something that is unlikely to happen . There are so many people in this planet investing in crypto and each of them has Thier own plans .
Some just don't want to cash out yet but if let says your thoughts will come true then crypto will fall down and can go to zero .

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

Crypto has a value that's why it has an exchange rate . Everything that has a value has an exchange rate , we are not in the old times anymore .

[Shenzou]

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?

It is all dependent on the currency, because not every currency is subject to being exchanged, some of the low popular cryptos that get some hype and than die after are the ones that are a subject to this matter, but for currencies like bitcoin and Ethereum where a lot of people are looking up to them and they believe that they are the future, they are being held for a long time and because of that there is demand and supply that keeps its market alive and the price going up and down.

[Shasha80]

Everyone will want to exchange to that someday, it's not like everyone altogether would do sell their bitcoin in exchange for fiat, long as the society doesn't fully use crypto as a means of payment and banks still exist, we will be needing to convert crypto into fiat.

I will only convert the Bitcoin I have into fiat when I have a urgent need, Even then I will not sell all the Bitcoins I have. Because indeed some countries
only legalize Bitcoin as a digital asset, and my country is indeed one of the countries that prohibits using Bitcoin as payment. This means that I do have
to convert my Bitcoin into fiat if I want to use it to pay for something. I also believe that everyone has different life needs and different plans too,
it is impossible for everyone to sell all the Bitcoins they own at the same time. However Bitcoin is still a profitable asset, I believe people will only convert
their Bitcoin into fiat if there is a need.