Topic: Bit Coin is a Ponzi Scheme (Read 4755 times)
disagree with you absolutely. Bitcoin future and you yourself will see it in the next few years
i am not agree bitcoin is a just decentralised coin not a ponzi scheme. it has good security and good value in market and bitcoin is used as a payment method.
"Bit coin is a Ponzi scheme." That's what all my friends sure about 
no never not a single one will accept this statement, bitcoin is not a ponzi scheme. many people are living their life depends bitcoin.
bitcoin is not a ponzi scheme because over the years it has being a means of transaction for buying and selling bitcoins and also investing.
The USD is a valid currency because people are required by law to recognize it's value.
Nope, it is valid currency because some people recognize some value in it, just like with the Bitcoin...
There are so many people who are always telling that bitcoin is a ponzi scheme. But I think we just let them on what they are thinking. And don't let them bother us.
Bit Coin that is what you called it, so there is no need to argue with you because you may be right about the coin you mentioned cause that is not Bitcoin itself.Anybody buying Bit Coin can be be a victim of what you just said.
Define a ponzi! Before you label $Bitcoin as one! Ponzis are pyramid schemes where you get to offer money to someone, not as a gift, but as payment for doing nothing! You have variations between 2x1, 3x1 etc matrices where money gets exchanged for nothing, $Bitcoin on d other hand doubles as a commodity and currency/payment solution, you get to trade it for something else or store it in anticipation of gains! For ponzis once your money goes, its gone!
I don't think so that bitcoin can be counted or called as a ponzi scheme because you can see why bitcoin should not call a ponzi scheme , and logically speaking though, why do people tend to invest all their money to some **** like that right?, and just wasting all their time without assurance.
There is no proof to claim that Bitcoin is a ponzi scheme. The biggest evidence is the stash of BTC980,000 coins that belong to Satoshi Nakamoto. If this was a ponzi, then he could have sold all these coins when the exchange rate was $20,000 per coin one year ago.
you could any other term to classify bitcoin with and i would have keyed into your idea, but a ponzi scheme is way way of the line. Like i think you really don't understand how ponzi scheme works, i will implore you to carry out some research about ponzi then come back here and i betb you, you will have a varying opinion different from the one you have now.
Bit coin is a Ponzi scheme. Don't listen to the bit coin shills on here. The newcomers buying into bit coin and driving up the price are just making the early adopters richer.
That's how stupid people are. A sucker is born every minute. But YOU don't have to be one like all the other bit coiners.
The USD is a valid currency because people are required by law to recognize it's value. It has value because the most powerful superpower on the face of the Earth uses it and backs it.
Where does bit coin get its value from? Some computer nerds living in their mothers' basements and Chinese speculators who say it has value? The few online drug dealers who accept it?
If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a imaginary currency that only exists virtually, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC and more time getting remedial education.
That's how stupid people are. A sucker is born every minute. But YOU don't have to be one like all the other bit coiners.
The USD is a valid currency because people are required by law to recognize it's value. It has value because the most powerful superpower on the face of the Earth uses it and backs it.
Where does bit coin get its value from? Some computer nerds living in their mothers' basements and Chinese speculators who say it has value? The few online drug dealers who accept it?
If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a imaginary currency that only exists virtually, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC and more time getting remedial education.
And how do you expect people would believe you? Aren't you one of the suckers who were born after BTC became popular online? You are looking at the negative side of how people utilize BTC, but did you even try to look at the bigger picture on how it can help economic growth during the digital age? It is true that BTC is hurting right now due to its price being dragged down, but if you look at the other markets like stocks, everyone is affected. This is a game of survival of the fittest.
Ponzi scheme and what is your mission here? Have you forgotten or you don't know this is the forum for bitcoin? MAybe you are here to say shit about bitcoin because none of your posts can cause panic among us. We all know what bitcoin is. You are not the one to teach us what it is.
It is an investment in a new payment system. There is an idea behind it.
Certainly there will be setbacks, just as there are successes.
Some might even think: buy some Bitcoins and Co. and be rich at the end of the year. But that does not work.
In any case, I'm curious if I can still experience that certain crypto currencies find their way into the normal economy and no matter where accepted as a means of payment.
,
At the moment, the whole thing is just a gamble and now many fall back to the ground of reality.
Certainly there will be setbacks, just as there are successes.
Some might even think: buy some Bitcoins and Co. and be rich at the end of the year. But that does not work.
In any case, I'm curious if I can still experience that certain crypto currencies find their way into the normal economy and no matter where accepted as a means of payment.
,
At the moment, the whole thing is just a gamble and now many fall back to the ground of reality.
It's a disruptive technology and those old people that has great control in the economics and financial world does not want to adapt to its new system. They hate bitcoin because they don't want to change the currencies that they own too much and they want it to stay that way because in fiat, that is where they are good at. It's time for change so bitcoin will stay and not just a ponzi scheme.
Hello dear poster I want to confirm if you are using an Android phone, if yes, please go to play store and download OXFORD ENGLISH DICTIONARY and check the real meaning of ponzi scheme thank you
You need to learn before posting, Ponzi Scheme is a form of fraud that tends to pay investors from a none existing product, but pay profits to early investors, Bitcoin is a digital currency that has been in existence for over 8 years, which can be access globally, It's price variation is base on the law of demand and supply.
lol your accoutn has now 80 posts of shit against bitcoin XD
But why oyu wasting so much time here in the forum when you think its a ponzi ?
regards
But why oyu wasting so much time here in the forum when you think its a ponzi ?
regards
I think that the fact that thousands of people donate their USD, which the most powerful superpower on Earth uses and supports, for these bitcoins, which are popular only thanks to "some computer nerves living on their mothers' basements and Chinese speculators", says a lot.
We must take into account the pace of development of the world. The current monetary systems are already outdated and they cant be as convenient as cryptocurrency. Therefore, they will be replaced by crypto currencies over time.
There are also many people who disagree with the current banking system and how it works. Therefore, these people are happy to use and will use crypto currencies. And all this doesn't stop just because bitcoin came from nowhere, and USD is a world currency.
We must take into account the pace of development of the world. The current monetary systems are already outdated and they cant be as convenient as cryptocurrency. Therefore, they will be replaced by crypto currencies over time.
There are also many people who disagree with the current banking system and how it works. Therefore, these people are happy to use and will use crypto currencies. And all this doesn't stop just because bitcoin came from nowhere, and USD is a world currency.
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