Topic: Bitcoin - a financial pyramid: true or myth? - page 2. (Read 591 times)

Successful project is mostly brings with the great launch and the marketplace value of tokens also go bigger in the market. I see your view about the ICO projects is not correct then financial pyramid at all. Here finance is the matter for every investment.
Then most of the altcoins in the market also not settled in the market so we have to wait for some months to understand which coin is the financial pyramid at all.

You picked an unfortunate example  

Of course the real estate market is comparable to a pyramid scheme in most countries in the world.
Interest rates are low and therefore the amount of activity on the market goes through the
roof (new buildings, people buy homes that they can´t really afford, banks give credit
to non-solvent buyers).

In order to prevent a collapse of the real estate market a continuous influx
of new buyers is needed. If the amount of new participants in the
real estate scam market is insufficient, the whole system collapses
and people lose a fortune (their own home or own flat is often
a very big part of their net worth).

I´d even argue that the real estate market needs new participants even more
than Bitcoin.

Well, considering the fact that you only make profit when others are investing and make loss when people starts to withdraw, maybe you can call it a pyramid, but I wouldn’t call it that. No matter what you call it, the only thing that matters here is whether there is something that you’re earning. Unlike other systems or whatever they are, Bitcoin is very transparent and there is nothing hidden. You can make profit, same as there can also be some losses if your not lucky.

Lets consider the level-100th buyer of bitcoins like pyramid system. He will buy bitcoins for some $100 and then he may use it for some online shopping or maybe spending in physical shop also for same $100 (considering when 100th level buyer must be living by the year 2050 and bitcoin is considered to have less volatile similar to gold now). What is the losses to him or how we call bitcoin as a ponzi or pyramid system ?

If you observe, real-estate properties also gaining its value in the way how bitcoin is gaining now. A real-estate business is a  pyramid system ?

In several cases bitcoin is related with pyramid schemes that were successful as well has got scammed in majority of the cases. With bitcoin it is not the truth, how we make use of it will define its growth. Nowadays it has got turned to be similar to the physical currency that we use, as usage keeps increasing the circulation will be massive and the same will cause the price pumping which at times gets affected by negative effects due to regulations and unexpected technical errors and hacks.

I believe Bitcoin in the future can change the way people use the money to pay and it will be the common currency of the world. With great advantages over traditional currencies, I fully trust Bitcoin's bright future and cryptocurrency. Determine long-term investment if you want to go along with this market.

Please do not look around the bitcoin in the short money making scheme because non of the investment will give a return in double the fund in some months or weeks. So I believe bitcoin will be work more than finance pyramid.
Hence the marketplace growth of the bitcoin will increase the value and demand with in some months and already today bitcoin seems growing in the marketplace last 24 hours.

A financial pyramid is a raised funds, and the payment of income is due to early cash investments. Crypto currency does not have a guaranteed income, since it does not consist of the funds that investors invested in it at an earlier stage.

bitcoin is not a pyramid scheme:
1. No guaranteed income.
2. The absence of a single center that produces this cryptocurrency.

You can call every investment a financial pyramid.  Is Amazon a pyramid? Is Apple a pyramid? You could of bought the stock at the very beginning and 100x your investment.  Any good investment goes up overtime, it doesn't mean your stupid for investing at a higher price if it has a proven record.  The first investors take the highest risk so the should be rewarded the most.

We have a negative thoughts about bitcoin, let’s admit it but when bitcoin hits almost every market the interest with this technology has increased and that is the start people believing on bitcoin. So many FUDS until now but I know people are more educated nowadays. This is not a financial pyramid, look at its true usage and its technology and for sure you will learn a lot.

Yes that is right, most of the people in my area were also thinking so, but now I can see that most of the people have started taking interest in bitcoin. I think that interest of the people in bitcoin will continue to increase, in modern countries people have already started using bitcoin for so may purposes.

At present, this is a very esoteric question. No one can know. I think that whether Bitcoin can become a myth needs to see its consensus. If the consensus becomes stronger, Bitcoin will become very powerful.

Bitcoin and banks wont really collaborate even if we do go into the future when bitcoin adoption is already high but it wont really still come to a point that they would merge up due to nature of crypto and the policies on most banks. Its fully contrary to each other but when we do talk about Bitcoin potential then theres no doubt that it can sustain for longer years as long the strong support of people or community would be there.
We have known already its capability of its tech inspite on having lots of option or coins in the market and still nothing can beat this one.

Cryptocurrencies are important and valuable. Distributed blockchain technology, as pioneered by bitcoin, is important. The future of money really is cryptocurrencies, possibly led by bitcoin.

It’s clear that the most significant reason, by far, for the massively increasing demand for bitcoin is that people want to own it because they think that it will go up in price. They think it will go up in price because increasing numbers of people are going to want to buy it. The reason that they think that more people will want to buy it is that those people are going to believe that it will go up in price. This is a self-fulfilling prophesy.

This is also a demonstration of the standard operation of a bubble. It looks like a Ponzi scheme or a pyramid scheme. If I buy bitcoin today, it will be more valuable tomorrow because others have bought it at a higher price. As an existing “investor,” I am benefitting from others getting in. Meanwhile, what I’m actually owning is a bitcoin. Don’t get me wrong, bitcoin is valuable, but it’s not worth $10,000 per coin, or even $1,000 per coin. It’s a currency. It’s not Amazon or Apple stock.

If you bought Apple or Amazon stock early on, then you bought something that had a massive hidden future value, and as that value was revealed, you benefitted by investing in it very early, before the value was apparent. Apple and Amazon are companies which generate revenue and profits, and a share in these companies represents ownership in something that is growing.

Those who said that before are now hitting their head to the table.
there were so many fuds years ago with bitcoin.
can you still remember the 10,000 BTC for 2 box of pizza?
if that guys hold his bitcoin, he is having a good life now.

Clearly Bitcoin not a financial pyramid in any way.
It was the first crypto and now it's cost so much because people believe in it and use it + capitalization of BTC is still bigger than any other crypto. Due to the limited quantity (21 million) price become higher every year.
When it became popular and widely accepted as a regular payment method, it will gain more people who will have an impact on the market price(as it was before the January).

Financial pyramids based on extra income/greed and manipulations with the help of new users and their donations.

Bitcoin market price is manipulated buy bears and bulls, which have nothing in common with financial pyramid.

Welcome to the forum first., I expect you guys should support the bitcoin and then only we could find the good bump in the price chart. Even volume and value also defnes in that criteria only dude. I see the people with altcoins most of the time. But any long term investor is there means they will go with bitcoin only.

As soon as possible we will find the bitcoin is being used on banks and elsewhere then non cryptos will also turn back to BTC.

Bitcoin is one of the most stronger crypto currency of the world and it has a very bright future, I do not think that anyone can affect the bitcoin future, bitcoin future will remain as bright and will see more success to bitcoin.

I think so. Bitcoin is becoming an alternate way of gold and another valuable asset. day by day Bitcoin and blockchain system is getting accepted among many people and they are collecting Bitcoin as a future reserve. Not only that but also Bitcoin has been considered as trading tools and investment. So it may be called a financial pyramid.

That is correct mate no matter what altcoin would creates the important is we earn good amount of income every day or weekly even monthlt that gives us better life than before. I always be thankful to bitcoin and whole cryptocurrency which gives me extra income that can i provide all the need and some wants of my family, me also i am wishing that bitcoin will last forever.

   No bitcoin is not a financial pyramid because you don't need to rely into others to have a pay out. In bitcoin you need to invest at your own risk anytime and any amount you want. You don't need to recruit to have a down line just to earn. Bitcoin is a digital currency that you need to invest to earn profit by your own.