Bit Coin is a Ponzi Scheme - page 2.

ardentvolcanoes

sr. member

Activity: 1050

Merit: 252

Quote from: ?? on ??

Quote from: thankyoulord on October 13, 2018, 11:30:33 AM

Bitcoin isn't a Ponzi Scheme. A Ponzi Scheme is more like a 7 world wonder that ripples itself from just the very starting point. But bitcoin trade and exchange is more like an investment and it's guided by all basic rules of investment and also have all its basic features. A Ponzi scheme if logically calculated, can not have an end. It's more like the multiplication table, you have to add a part from point A to give to point B to satisfaction. And this is clearly not what bitcoin is.

I am sure that in the nearest future it will be also used widely as the currency. Many people will prefer to choose it more often that even the traditional money. And naturally, Bitcoin is not a ponzi scheme.

Needs to fully understand the purpose of this alternative currency so people who thinks that this still just a ponzi will know that there's real usage
it is just needed to be well adopted and well consume by major establishment and for sure sooner or later many people will start to adopt this system
it can help a lots in term of payment transactions.

syntac

full member

Activity: 338

Merit: 100

so far I have been in the world of bitcoin fine and there are no obstacles whatsoever, instead I thank Bitcoin, because as long as I play with bitcoin ... my economic life is more advanced and modern, far from the previous words. and what you need to know, the poverty rate in my country has decreased dramatically because the presence of bitcoin can change everything.

ansarose1

member

Activity: 784

Merit: 10

I remember when i first heard about bitcoin and cryptocurrency, the first thing comes out of my mind about bitcoin is just a fraud and a ponzi scheme. However it turns backwards when i join this forum, i have read that bitcoin is real and not a ponzi scheme that many people thinks it is.

aliceHortrex

sr. member

Activity: 672

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: lm2f on November 24, 2017, 05:20:29 PM

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.

What nonsense! You probably forgot that Apple and Microsoft were created by nerds in basements who lived with their moms? And now they are the main people of the planet. The value of the currency is its value and the ability to use in the real world to buy certain things. Bitcoin fully copes with this task by 100%.

tranquangvinh

full member

Activity: 546

Merit: 100

What's a Ponzi Scheme ? do you understand it ? if bitcoin is a ponzi scheme , do you think so many people have been fooled by Satoshi Nakamoto ? no , I think you have some mistakes about the ponzi scheme , you need to understand it before posting this post .

Jigsawman082076

member

Activity: 247

Merit: 10

All I can say about this is that bitcoin is not a ponzi scheme or whatever scam that you may think of because we all know that all the other crypto currencies out there nowadays are based on bitcoin and all their market values are also dependent on bitcoins market value and I personally earn a lot of me thru all those crypto currencies so I personally believe that bitcoin is really true and not just a ponzi scheme.

AimHigh

full member

Activity: 554

Merit: 100

You are very wrong on what are you saying bitcoin is not a ponzi if this is why are you here on the forum of bitcoin you are crazy man. You are one of those people who are saying bitcoin is ponzi but you are also using it I think you need to research more for you to make a realization that bitcoin is not ponzi and for you not to be a negative thinker.

davit putra

copper member

Activity: 409

Merit: 0

Is it because of this decline that you think of bitcoin as a ponzi scheme, I think you are too panicked and see bitcoin from a negative point of view. Try to be calm, get rid of negative thoughts, I think your condition will be much better.

Tipsters

sr. member

Activity: 630

Merit: 251

Quote from: lm2f on November 24, 2017, 05:20:29 PM

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.

You just make yourself an enemy of this forum especially this subforum. So where does your bias lie in this space? I'm just wondering. Majority of the people here in crypto though think btc is lagging in technological advancement, you have to respect the first mover of this advocacy. If you just believe in your theory or just want to make a point just have some proofs.

kissme09

full member

Activity: 658

Merit: 100

PayAccept - Worldwide payments accepted in seconds

In all economic sectors use the Ponzi scheme to build their system. As major banks in the world also use Ponzi variants for making their banking system. Do not worry because Ponzi is a system that allows risk takers to find their own.

karanggatak

hero member

Activity: 1106

Merit: 506

I think you are jealous of people who have long joined bitcoin, and you say bitcoin is a ponzi scheme. Your thinking is very superficial, you should know that not everyone who has long joined Bitcoin makes a big profit. If indeed they get big profits, maybe because they are lucky. and you should know that you can also use bitcoin to search early. If you say it is a ponzi bitcoin scheme, maybe no one will be interested. Because the Ponzi scheme the farmers will definitely be harmed. Try to think more clearly, and don't be jealous of others. You can still get results from bitcoin, if you really want to work and take advantage of market conditions to trade.

bitfocus

member

Activity: 532

Merit: 15

Please don't take my comment rude, I am not being rude, but you really need to shake your brain, give yourself a kick and try to know about Blockchain and Cryptocurency in a proper way.

seoincorporation

legendary

Activity: 3332

Merit: 3116

Quote from: ?? on ??

Quote from: PrimeBlackBelt on November 24, 2017, 05:28:37 PM

about 10 million people disagree with you bub. Besides, this is a bitcoin forum. Don't post that crap here.

That’s so true. this is bitcoin forum, i don't understand why that person could post some bad words about bitcoin here.

I agree with you guys, this is the bitcoin forum and isn't cool to see bad comments about bitcoin, but at the end is a forum where users have speech freedom, and that create some nice discussions, would be really boring if all of the users here think by the same way.

So, if you don't like how a user thinks then share with him your point of view and let him talk as the way he wants.

pixelvault

newbie

Activity: 97

Merit: 0

Quote from: lm2f on November 24, 2017, 05:20:29 PM

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.

lol what?
am i tasting salt in the air?

Koenraad Lange

newbie

Activity: 84

Merit: 0

Quote from: Callanta787 on October 29, 2018, 02:56:14 AM

I'm not surprised you calling bitcoin ponzi scheme ,there are still many like you out there with same mind set ,all you have to ask yourself is 'what is money? & what is bitcoin? What surprised me is you've been around since 2011 and you dont still understand what blockchain is.

Bitcoin and ponzi schemes are very different, ponzi schemes have an element of fraud because money to pay profits is taken from the next registrant. When no one else registers, the ponzi scheme will collapse. Whereas in bitcoin to get profit is from the difference in selling price minus the purchase price. So everything is open.

onrise

sr. member

Activity: 1512

Merit: 316

Quote from: Ezenwanyi on November 01, 2018, 03:08:37 AM

I think most of those saying. That Bitcoin is a Ponzi scheme have little or no knowledge about the potentials of Bitcoin and how it works.
Usually, I 'm not one to take this set of people serious because taking them serious and trying to educate them about Bitcoin can induce migraine.

Their are people who do not have the true potential of it and just they only see the price drop form the high of 18k and feel it is a ponzi scheme as due to which price has fallen. But do not pay much attention to those guys and keep buying on the dips as market will recover and give you a good return.

Ezenwanyi

copper member

Activity: 336

Merit: 1

I think most of those saying. That Bitcoin is a Ponzi scheme have little or no knowledge about the potentials of Bitcoin and how it works.
Usually, I 'm not one to take this set of people serious because taking them serious and trying to educate them about Bitcoin can induce migraine.

Ayomiqueen

copper member

Activity: 168

Merit: 0

I don't think you are still in this world and have this opportunity to make it in life but resist to join the moving glory and looking back to your account I can see you have great opportunity to have enough Bitcoin back then in 2011 that you joined this forum and be a rich person but cause of your sarcastic reaction you are missing it out and $100 then as a risk to test it would have turn you to millionaire in $ and sure you will rethink one day that you have missed agreat opportunity but it never too late to join.

Snowflower11

jr. member

Activity: 70

Merit: 4

Quote from: lm2f on November 24, 2017, 05:20:29 PM

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.

You want to get attention or you're a fool? You say that bitcoin is a Ponzi scheme, showing your very narrow understanding. Did you know that in the world there are countries that view Bitcoin as a salvation to their economy. For example Venezuela.

shekt4

member

Activity: 95

Merit: 10

Quote from: lm2f on November 24, 2017, 05:20:29 PM

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.

Lol...you are funny friend...money(fiat) is what it is today because we they people choses to accept it...fiat or money as you may know it is just a function of the faith we have in it...infact is even a bigger Ponzi Scheme!...something of value is supposed to be in limited supply...any day and any time, the US government and federal reserve can decide to print more money hence bringing down the value of it...bitcoin and crypto are different....they are all in limited supply!

Topic: Bit Coin is a Ponzi Scheme - page 2. (Read 4755 times)