Topic: Bit Coin is a Ponzi Scheme - page 5. (Read 4755 times)
Is it a ponzi or not? That totally depends on how do you use Bitcoins and how other people use you for Bitcoins. In the default core, Bitcoin isn't ponzi at all.
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.
So what after?Do you think theres someone buys your stupid story?Lol
Bitcoin is a future currency and this will bring the future of technology to human race,things that has been denied from us by the banks and those you called computers nerds
But now because of bitcoin and all the cryptocurrencies innovating the world and no one can stop this from happening
If bitcoin is a ponzi scheme, it can last long in the market. Bitcoin is totally different from ponzi, please read more about bitcoin before saying something negatively about bitcoin
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.
Now it’s been a decade after the introduction of bitcoin to the world and in this decade bitcoin has proved its worth to be called as number one and in the present times we all know that bitcoin is a very huge and potentiating crypto currency and therefore there are millions millions of people around the world who are investing into bitcoin so I think morons are the people who are still calling bitcoin a Ponzi scheme and time will answer them all when they repent in the future. 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 are you doing here then if you think bitcoin is ponzy scheme? Bitcoin truly can turn to ponzy only for those people who invested in bitcoin and waited too long that it simply disappeared. There are many reasons for that: total ban or just replacement by something new. But this is only the future, the current situation looks like bitcoin gave a lot of opportunities to have some extra money to those who invested in it in the most beginning and cashed out on the top. But not only to those people, how many users of the forum took a part in signature campaigns, got payment and cashed out this money and spent for needs and having fun? I am one of them, last year I could renovate almost the whole house with the help of signature campaign earnings and high price for bitcoin. So, to me, to the person who cash out nonstop, bitcoin is not ponzy scheme.
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.
Why not tell that to the Japanese since they adapted this coin heartedly to the extent of using this as legal tender,in short same functionality with Yen?
Another thing after what you have cried,now why still living here inside the crypto of bitcoin is totally nothing?Lop tell that you your mothers ass stupid
I actually think it is a Ponzi Scheme.
But just like musical chairs, if you get out early - you still win!Ponzi schemes are only bad for the stupid suckers left standing when the music stops. Bitcoin is the same, if you 'Hodl' like a fucking moron, you are going to stop hearing music one day and then you will know you are well and truly fucked.
Musical chairs, isn't that the game where there are actually no winners and only just one loser? So, basically, you just need to be NOT the last one to "hodl"
If you play a game, then you're a player. Then the game will play you. Then you will lose eventually. Even if you "get out early" you will get in again in another game, because that's the mentality of a player who likes to play games.
But if you're actually using Bitcoin like many people actually are (gasp!) then it doesn't matter if the music stops or whatever, they already got what they needed and wanted from Bitcoin. The peer 2 peer payment system without a 3rd party trust.
Works for me, works for others. None of us are playing a game.
Often the news spread by people who dont understand about Bitcoin will undoubtedly lead to misperceptions, or maybe that is something else outside bitcoin. They never jumped into bitcoin and dont understand how it works
I don't think so. Maybe bitcoins definition is very different on a ponzi scheme. In the first place, you are not ask for money or recruit someone to join bitcoin.
This topic was started November 17 last year. I wonder if the thread-starter still thinks that bitcoin is still a Ponzi Scheme. I wouldn’t be surprised if this person is into cryptocurrency now. 
This is so unfortunate, bitcoin can't be a 'Ponzi scheme'. Bitcoin has stood the test of time. Over the years many people have spoke against bitcoin, but the world of crypto keeps going higher. Bitcoin is here to stay and very soon more people will appreciate this amazing crypto.
In my opinion,if you say that bitcoin is a Ponzi Scheme, the Stock Market will proceed in the same way,because it almost has the same rules,and that the rules are demand and supply.Bitcoin increases the price because more and more people are buying it,unlike the Ponzi Scheme that only tries to invite people to buy tokens so they can give money to others.
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.
Bitcoin is not a ponzi scheme. Its price is based on the law of demand and supply. Bitcoin never promised that you will earn money from it or satoshi didn't mentioned in his proposal that Bitcoin will be an investment. Due to the volatility, people took the advantage to earn money from Bitcoin. 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.
I actually think it is a Ponzi Scheme.
But just like musical chairs, if you get out early - you still win!Ponzi schemes are only bad for the stupid suckers left standing when the music stops. Bitcoin is the same, if you 'Hodl' like a fucking moron, you are going to stop hearing music one day and then you will know you are well and truly fucked.
Electronic money is here to stay and nothing that you or any other like-minded person can do. Pyramid schemes work on the idea of a small stake where you sell something, but someone above you is cut, and someone above them is cut, until you reach the top, where One or a few people are chopping up everyone selling at the bottom. Bitcoin has no pyramid structure to talk about.
Shall i force myself to grin, smile, or laugh upon reading this topic? Well, bitcoin can never reached its success today if it's a ponzi or a scam since from the beginning because no one will going to invest on it too. As a proof, there will be no country will going to legalize it, IMO.
It's a sure thing that no people will believe and will make their own loss with the behavior they do.
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.
Bitcoin is definitely not a Ponzi scheme because after you've acquired bitcoins, there is no promise extended that you can redeem them for any value and there are no dividends paid to those who hold bitcoins. Bitcoins are traded, so the exchange rate can rise or fall, so there are those who will buy or sell bitcoins to speculate on the price. 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.
Shall i force myself to grin, smile, or laugh upon reading this topic? Well, bitcoin can never reached its success today if it's a ponzi or a scam since from the beginning because no one will going to invest on it too. As a proof, there will be no country will going to legalize it, IMO.
It's hard to imagine how Bitcoin could benefit a user soon, because today's Bitcoin users may be early users in the future. I can pass the value over the oceans in a few minutes and cost me a few dollars or less. Electronic money is here to stay and nothing that you or any other like-minded person can do.
Is the two different technologies, more bitcoin is the technology.
Bitcoin is the currency, how it can be scheme ?
Ponzi schemes can be reallized on bitcoin currency but this is not doing btc ponzi
Bitcoin is the currency, how it can be scheme ?
Ponzi schemes can be reallized on bitcoin currency but this is not doing btc ponzi
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