Topic: Bit Coin is a Ponzi Scheme - page 15. (Read 4755 times)

This is what happens when you don't read enough articles and you have been a gullible to all FUD articles and attacks of other people including the mainstream media and Central Banks' Statements that made your mind completely conditioned and manipulated. You should also consider the money from   other alt coins which backed by a real business who creates profit and the alt coins holder will trade their altcoins to Bitcoin which means there is a real profit moving in and moving out on Bitcoin. This is Bitcoin forum, if you don't like Bitcoin , then don't visit Bitcoin Forums and find another forum that suits your ideology.

Where I live Ponzi schemes are everywhere.  I know several people that recently were able to get out of them with their money plus about 20% profit since I explained how it would end.  It eventually did and several others that didn't listen to me lost everything.

All that one needs to understand is the concept that the OPERATOR is anyone who got into Bitcoin when the price was low.  In this case the OPERATORS are all that are on this thread that either cannot accept it or are lying to either themselves or anyone reading their reasoning...or both.  ALL OF YOU that are facing a profit if you cash out DEPEND on the price going up by the revenue paid in by new investors RATHER than from legitimate BUSINESS ACTIVITIES (i.e. PROFIT from selling goods or service) or PROFIT of financial trading which is basically the same as a form of business activities.  They go on to further break down what or who can be considered an operator...and again, that's ANYONE hyping or otherwise promising returns that are either ABNORMALLY HIGH (describes recent gains in BTC perfectly) or UNUSUALLY CONSISTENT (BTC is one of the most volatile financial instruments outside of pork belly futures...but the price consistently goes up).

I'm amazed that there are so many people out there that can't at least call a spade a spade.

And before anyone attacks me, I'm waiting for the CME to allow myself and people like me to short the crap out of BTC once we see the right moment.  I'm here to study the level of ignorance, stupidity, and greed here so I'll have the best idea of when that golden moment comes about.  Lots of people are going to get burned because they refuse to understand simple or even moderately complex English.

Bitcoin is a free software project without central management, so no one can make a false statement about the return on investment. Like other major currencies, such as gold, the dollar, the euro, the yen, and so on, bitcoin does not guarantee purchasing power and the exchange rate is freely floating. The resulting volatility makes it impossible for bitcoin holders to predict profits or losses. The fact is that bitcoin is being used by thousands of users and businesses because of its useful and competitive nature.

Bit coin is fiat. It isn't backed by anything.

You have some balls to post like that in this forum brother. First of all, USD is a currency and everybody knows that but do you know why USD has been created? Do you know how paper money is created? Its because of one word and that is "TRUST" and that is what we are applying in cryptocurrency. We trust bitcoin so it has value.
I give you +1 for posting this in the forum. Good to have you here. Thanks for saying that bitcoin is a ponzi scheme brother.

you tell an exciting story about bitcoins to your relatives so they start buying it and you gain value on your coin
isnt that how ponzi went too? tell me what is your real bitocin value ?

faith/trust based yes, it ain't a ponzi scheme though. Bitcoin is  basically created for the people, by the people who are tired of the trusting the Fiat/Cash that the government manipulates anytime,everytime, whenever, whereever they like.

Really funny.
if Bitcoin is ponzi then there is no community as big as it is today. and how may various circles accept bitcoin.
because the ponzi system only benefits some people.

Do you even know what a Ponzi Scheme is? Google it, comprehend...then invest all your money in bitcoins!

BTC is not punzzy system, BUt large traders can effect on the it's market.

What Op has mentioned might be true because he's not talking about the popular bitcoin, he has mentioned about a new coin named bit coin. So that might be his own creation, so he has the ability to manipulate and for those reasons it might have got termed to be a ponzi.

tell that to one of the most technologically advanced countries in the word Japan. they adopted bitcoin as a currency.

while you are at it call up one of the biggest companies in the whole world Microsoft, they are accepting bitcoin as a payment.

if you had any time left and your mind wasn't blown call the approximately 1,500,000 merchants that are currently accepting bitcoin as payment.

all of the above would love a good laugh, so do call them....


either hacked account or kwukduck brother

I am not required by law to think that USD is worth anything. Hahahaha. What the hell? This isn't a very good attempt Mr. Banker sir. Maybe ask your boss what you should be saying because this won't work.

Also, I just withdrew. How many ponzis can you withdraw from? Omg. Did you even google ponzi before you posted this? Do you even know how they work!? I already know you don't. So funny. So stupid.

Good luck Mr banker shill! Your job is obsolete!!!!

Since you have become a member of this forum, you have not really learned bitcoin it? Only to say that he is a Ponzi scam such words, I feel sad for you. . You should know more about Bitcoin what is it?

You are already a Member in this forum so it's supposed that you must already know some facts about btc, but you're not. First of all, bitcoin is a cryptocurrency and not totally made for Ponzi scheme. If this really made for such scam, then why there are people who came here with nothing and go back with something? Why I'm earning here? Therefore, bitcoin was not a total scam yet it helps us to make a living.

Maybe the reason why you said those bad things is because you are once scammed by HYIPS out there. Anyway, it doesn't matter what kind of reason you have for saying these things, more important is you should stop saying bad things about btc but if you can't take it any longer then get out of it.

Thank you for your opinion, but you should learn more about Bitcoin

Bitcoin is a currency that being used for global transaction, it's just like usual currency and also can be act like investment like gold, I don't know how can you consider Bitcoin is a ponzi and I don't understand from which point of view you declare Bitcoin as a ponzi

And if you don't like Bitcoin you can just go up stash your USD and investing in USD, nobody force you to use bitcoin

From Wikipedia........"A Ponzi scheme (/ˈpɒn.zi/; also a Ponzi game)[1] is a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities or profit of financial trading. Operators of Ponzi schemes can be either individuals or corporations, and grab the attention of new investors by offering short-term returns that are either abnormally high or unusually consistent."


Operator? Who is that?

Who offered you anything?

Definitions are fun. Delete your account.

Well, in a way, every currency is a ponzi scheme in your sense. we just use USD because we trust. Once we lose trust, a USD note will be completely useless.Countries can fall apart, currency can lose value, politicians can lose power. A ponzi scheme supported by military power lasts longer (i.e. fiat) but it will NOT last forever.

They are abvious on their patterns, always the same "Some computer nerds living in their mothers' basements"
Just a reminder since Madoff got associated. The Madoff's did not lived in mom's basement.

A ponzi by definition sucks investors in, but doesn't allow anybody to exit early. And they are of a rather limited size.
Bitcoin is all over the world and if you wanna leave, just checkout.

Bitcoin lacks the fundamental qualities of a proper currency. Any "currency" that requires the user pay 20 dollars per transaction is a complete and utter failure. People use bitcoin not because they use it in day to day transactions, but because they think it will make them rich. Like the tulip mania back in the day.