Topic: Don't buy bitcoin because it won't be fine - page 10. (Read 4749 times)
Yes, we might say bitcoin is a invisible money, however it is a potential coin a digutal coin that has huge value, and by bitcoin investments, many got rich and many also earning huge profit fron it, so we can't conclude and just say not to buy bitcoin because it won't be fine.
Don’t be an idiot. Bitcoin is not a Ponzi scheme. It’s a vehicle developed to support criminal activity and long cons.
Whatever the motives behind the Bitcoin's development, it still cannot be consumed by nobody in its circulation chain. Meaning, profit or benefit for investors, criminal or not, can be obtained only by using funds from new investors. Hence, Ponzi scheme.
It is definitely NOT a Ponzi scheme. In a Ponzi scheme early investors make money off of newly injected money into the system. With bitcoin, criminals make money by using an uncontrolled unregulated transfer of value system or con men use various schemes to convince people to send them their money using an unregulated irreversible currency.
Well, criminals are just people who have committed a crime and as such they are not immune to Ponzi schemes. A Ponzis scheme is NOT when early investors make money off of newly injected money into the system, because every investment fits that definition. For e.g. if you had put 1000 USD into Apple stock at the beginning of the year, and sold it today, you, as an early investor, would have made money off of newly injected money into the system - which is injected by new investor, the buyer of your stocks. So, is Apple a Ponzi? No. A Ponzis scheme is when investors put in consumable resources - resources with the capacity to be used, consumed or practically utilized by end consumers for satisfying their needs, and end up with non-consumable item which has no end consumers and as such it cannot be used by anyone. For e.g. a car is used by end consumers for driving, a dollar for settling loan obligations, food for providing nutritional support, a raw material for producing finished products etc. Hence, investing into dollar, car or food industry, crude oil, etc., is a not a Ponzi scheme because funds are transfered into something that is used for satisfying actual human needs, and these needs are the very reason why economic activity that produces and trade consumable resources exists. But, when funds are transfered into bitcoin - a number associated with an address, this is a Ponzi scheme because this number cannot be used for satisfying actual human needs. Instead, it can only be transferred from hand-to-hand, from member-to-member, from address-to-address. If an owner of this address is criminal, nothing changed - Bitcoin is still a non-consumable item and thus, putting your funds into it is investment into a Ponzi scheme.
Wrong: https://en.m.wikipedia.org/wiki/Ponzi_scheme
“Ponzi scheme
A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.”
https://www.merriam-webster.com/dictionary/Ponzi%20scheme
“A Ponzi scheme is an investment scam that pays existing investors out of money invested by new investors, giving the appearance of earnings and profits where there are none. Ponzi schemes are also known as pyramid schemes.”
These definitions are correct, but imprecise since an existing investor who bought an Apple stock and sell it immediately for a small profit would not have made money from company's profit or earnings but from funds invested by a new investor - the buyer of the stock. Hence, given the definitions you provided, Apple is Ponzi. As you can see, it is not solely the source of the profit what defines a Ponzi scheme. You must also consider the type of resource in which was invested. In the above example it was invested into resources such as buildings, machinery, equipment, vehicles and tools that Apple uses to produce their products. All these resources are consumable - they can provide benefit to a human. That is why investment into Apple is not investment into Ponzi. But, by investing into Bitcoin it was invested into number associated with an address, and this number obviously cannot be consumed by humans, but only transferred from address-to-address. That's why Bitcoin is a Ponzi scheme.
You can’t just change the meaning of a word. You can call bitcoin a bad thing if you like but it’s not a Ponzi.
If no human being is able to use Bitcoin for satisfying his or her needs, but only transfer it to another's address, how can someone in Bitcoin circulation chain benefit from it? Well, only by leaving it. And in order to do something like that, a new investor must join the chain by bringing usable resources like dollar, car, food, mobile phone, software, share in a company, etc. These resuorces can then be actually used. Either for fulfilling loan obligations, driving, eating, sending and receiving phone calls, text editing or producing goods and services. So Bitcoin in itself is useless the same as membership in a Ponzi scheme and one can benefit from it only by leaving it.
You might have misunderstood what bitcoin is really all about. It is not really because it is not physical like money that it cannot be used. Apology to you but I must disagree with some ideas you have posted. While some of your ideas is correct and bitcoin appears to be more like a ponzi scheme but honestly it is not what it is intended to be. Who cause it to become a fraud as you might have think are the ways people use it. It is like a knife in the kitchen that is supposed to cut meat but can be used to do murder. Yet it was just a tool and who uses it makes it either good or bad. The judgement must be based on the users and not to the tool itself. Can you not buy a product using bitcoin? Can you not use it daily given that there are stores accepting it? Can you not create any demand for it? If not then I would say you are perfectly right and it is all just a matter of transfer. But bitcoin is something that can be utilized though for now it doesn't get as much support that it needs. People keep holding it for nothing but waiting for the price to move up and sell it in order to gain. This is what makes it appear more like a Ponzi scheme. The people who created bitcoin a different character when it was intended not to be what it is now. Just don't be so negative about bitcoin. You want to change things? then do it now! Build your stores accept bitcoin payments and you can create new demands and opportunities for earning money the realistic way as it was meant to be.
Bitcoin is the good most future profit coin,and many time give us proved it is the right currency.investment is the good makes future profit for the bitcoin.holding trading also bitcoin is the number one currency all of them.so I believe bitcoin and I have fell against 2017 year last month back to back my profit.
Bitcoin proved its best already, though this time bitcoin is not in good standing however, many of us still believe that bitcoin will be fine.
All the guys that know about the advantages of the cryptocurrency will simple laugh when they read something like that : "do not buy Bitcoins". They know the real value of BTC and its advantages.
Bitcoin is good to buy and it is important for us that if we use online shooing we have to keep crypto for payment purpose and i want to buy bitcoin for short term because i think that price of bitcoin will rise soon so for three months i want to keep bitcoin in safe wallet and short term buying is not a bad thing but if you are a wise person you have to keep bitcoin with you.
Thank you for your project, let me know when we can start on the delivery of the token.
Bitcoin is still fine, the dip is really a normal thing in crypto. I see that the bitcoin is now on the huge dip that it seems like it's price so bored and slowly moving. But I've been on crypto for do long now and this things is already happens before it is really normal and repeatetive. So I think the only thing we can do now is to hold because anytime bull run may runs and we need to have more patience.
yes, I agree with you, I'm sure with Bitcoin. what I did when the market went down was to buy bitcoin because I thought this was an opportunity to buy at a cheap price and wait until the price went up, then sell and I would get a profit.
We have waiting again for buying bitcoin right now, we have check at the last two month of the end year bitcoin price still not growing up and still down, we have waiting maybe until last month for checking how much of bitcoin is growing up.
Maybe you right with how bad of bitcoin situation at the first January until November, but I am not agree with your opinion about how bad situation of bitcoin and altcoin price bacause I think bitcoin will get back to higher price again some day.
Don't be too pessimistic about the price of bitcoin, because the price will rise again even though it's not as drastic as last year, but there is price movement because bitcoin is always volatile. Bitcoin trading occurs because there are people who sell and buy. The dynamics of this trade will create prices. So optimistic that the price of bitcoin will definitely rise again. There is an assumption that in December we can also go to 4k.
And about the use of the cue ball as a means of payment, it turns out interesting. A year ago, many PP rushed to add a cue ball as a means of payment, as well as payments to my mother. And now somehow everything smoothly removed this function ... I don’t really like it.
And about the use of the cue ball as a means of payment, it turns out interesting. A year ago, many PP rushed to add a cue ball as a means of payment, as well as payments to my mother. And now somehow everything smoothly removed this function ... I don’t really like it.
It is individual choices whether to buy, invest or not to buy, invest in Bitcoin? we have a lot of news items being available for us, as reference on our investment in the Crypto market yet, one should consider the ups and down of the market and the correction after of such drop. Bitcoin/ Crytpo been here for more than 10 years now, if consumer's or investors do not believe on these, we can not have the crypto market as we speak/discuss.
Bitcoin is still fine, the dip is really a normal thing in crypto. I see that the bitcoin is now on the huge dip that it seems like it's price so bored and slowly moving. But I've been on crypto for do long now and this things is already happens before it is really normal and repeatetive. So I think the only thing we can do now is to hold because anytime bull run may runs and we need to have more patience.
I can tell you that right now you need to buy Bitcoin if you want to make money because from the beginning of 2019 it will start to grow very actively
Bitcoin not only used for transfer address to others address. If you are in certain country like Japan or Germany, you can use bitcoin for paying goods in merchant, restaurant etc.
Don’t be an idiot. Bitcoin is not a Ponzi scheme. It’s a vehicle developed to support criminal activity and long cons.
Whatever the motives behind the Bitcoin's development, it still cannot be consumed by nobody in its circulation chain. Meaning, profit or benefit for investors, criminal or not, can be obtained only by using funds from new investors. Hence, Ponzi scheme.
It is definitely NOT a Ponzi scheme. In a Ponzi scheme early investors make money off of newly injected money into the system. With bitcoin, criminals make money by using an uncontrolled unregulated transfer of value system or con men use various schemes to convince people to send them their money using an unregulated irreversible currency.
Well, criminals are just people who have committed a crime and as such they are not immune to Ponzi schemes. A Ponzis scheme is NOT when early investors make money off of newly injected money into the system, because every investment fits that definition. For e.g. if you had put 1000 USD into Apple stock at the beginning of the year, and sold it today, you, as an early investor, would have made money off of newly injected money into the system - which is injected by new investor, the buyer of your stocks. So, is Apple a Ponzi? No. A Ponzis scheme is when investors put in consumable resources - resources with the capacity to be used, consumed or practically utilized by end consumers for satisfying their needs, and end up with non-consumable item which has no end consumers and as such it cannot be used by anyone. For e.g. a car is used by end consumers for driving, a dollar for settling loan obligations, food for providing nutritional support, a raw material for producing finished products etc. Hence, investing into dollar, car or food industry, crude oil, etc., is a not a Ponzi scheme because funds are transfered into something that is used for satisfying actual human needs, and these needs are the very reason why economic activity that produces and trade consumable resources exists. But, when funds are transfered into bitcoin - a number associated with an address, this is a Ponzi scheme because this number cannot be used for satisfying actual human needs. Instead, it can only be transferred from hand-to-hand, from member-to-member, from address-to-address. If an owner of this address is criminal, nothing changed - Bitcoin is still a non-consumable item and thus, putting your funds into it is investment into a Ponzi scheme.
Wrong: https://en.m.wikipedia.org/wiki/Ponzi_scheme
“Ponzi scheme
A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.”
https://www.merriam-webster.com/dictionary/Ponzi%20scheme
“A Ponzi scheme is an investment scam that pays existing investors out of money invested by new investors, giving the appearance of earnings and profits where there are none. Ponzi schemes are also known as pyramid schemes.”
These definitions are correct, but imprecise since an existing investor who bought an Apple stock and sell it immediately for a small profit would not have made money from company's profit or earnings but from funds invested by a new investor - the buyer of the stock. Hence, given the definitions you provided, Apple is Ponzi. As you can see, it is not solely the source of the profit what defines a Ponzi scheme. You must also consider the type of resource in which was invested. In the above example it was invested into resources such as buildings, machinery, equipment, vehicles and tools that Apple uses to produce their products. All these resources are consumable - they can provide benefit to a human. That is why investment into Apple is not investment into Ponzi. But, by investing into Bitcoin it was invested into number associated with an address, and this number obviously cannot be consumed by humans, but only transferred from address-to-address. That's why Bitcoin is a Ponzi scheme.
You can’t just change the meaning of a word. You can call bitcoin a bad thing if you like but it’s not a Ponzi.
Indeed the market situation has been red lately so many crypto currency players are hesitant to play bitcoin again. I am one of the people who is also doubtful about this situation. I am a crypto currency fighter who plays crypto currency without using capital so I am looking for the safe not to buy bitcoin. I am afraid of the bitcoin price fluctuations because if I take the wrong opportunity then I will experience a huge loss. Indeed the decision I made not to buy bitcoin is also not good because the market situation will take longer to reach normal conditions. But I have not dared to take big risks.
Even in spite of the fact that we have been observing the red market for quite a long time, I do not cease to believe in successful investments in cryptocurrency. And even more so I never doubted bitcoin
Buy, do not be afraid to buy bitcoin and different crypt, I found a shop https://delta-miners.com/ there is everything for the extraction of cryptocurrency and believe me, the price pays for itself quickly. The store is good with fast delivery, the quality of the goods is excellent!
Don’t be an idiot. Bitcoin is not a Ponzi scheme. It’s a vehicle developed to support criminal activity and long cons.
Whatever the motives behind the Bitcoin's development, it still cannot be consumed by nobody in its circulation chain. Meaning, profit or benefit for investors, criminal or not, can be obtained only by using funds from new investors. Hence, Ponzi scheme.
It is definitely NOT a Ponzi scheme. In a Ponzi scheme early investors make money off of newly injected money into the system. With bitcoin, criminals make money by using an uncontrolled unregulated transfer of value system or con men use various schemes to convince people to send them their money using an unregulated irreversible currency.
Well, criminals are just people who have committed a crime and as such they are not immune to Ponzi schemes. A Ponzis scheme is NOT when early investors make money off of newly injected money into the system, because every investment fits that definition. For e.g. if you had put 1000 USD into Apple stock at the beginning of the year, and sold it today, you, as an early investor, would have made money off of newly injected money into the system - which is injected by new investor, the buyer of your stocks. So, is Apple a Ponzi? No. A Ponzis scheme is when investors put in consumable resources - resources with the capacity to be used, consumed or practically utilized by end consumers for satisfying their needs, and end up with non-consumable item which has no end consumers and as such it cannot be used by anyone. For e.g. a car is used by end consumers for driving, a dollar for settling loan obligations, food for providing nutritional support, a raw material for producing finished products etc. Hence, investing into dollar, car or food industry, crude oil, etc., is a not a Ponzi scheme because funds are transfered into something that is used for satisfying actual human needs, and these needs are the very reason why economic activity that produces and trade consumable resources exists. But, when funds are transfered into bitcoin - a number associated with an address, this is a Ponzi scheme because this number cannot be used for satisfying actual human needs. Instead, it can only be transferred from hand-to-hand, from member-to-member, from address-to-address. If an owner of this address is criminal, nothing changed - Bitcoin is still a non-consumable item and thus, putting your funds into it is investment into a Ponzi scheme.
Wrong: https://en.m.wikipedia.org/wiki/Ponzi_scheme
“Ponzi scheme
A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.”
https://www.merriam-webster.com/dictionary/Ponzi%20scheme
“A Ponzi scheme is an investment scam that pays existing investors out of money invested by new investors, giving the appearance of earnings and profits where there are none. Ponzi schemes are also known as pyramid schemes.”
These definitions are correct, but imprecise since an existing investor who bought an Apple stock and sell it immediately for a small profit would not have made money from company's profit or earnings but from funds invested by a new investor - the buyer of the stock. Hence, given the definitions you provided, Apple is Ponzi. As you can see, it is not solely the source of the profit what defines a Ponzi scheme. You must also consider the type of resource in which was invested. In the above example it was invested into resources such as buildings, machinery, equipment, vehicles and tools that Apple uses to produce their products. All these resources are consumable - they can provide benefit to a human. That is why investment into Apple is not investment into Ponzi. But, by investing into Bitcoin it was invested into number associated with an address, and this number obviously cannot be consumed by humans, but only transferred from address-to-address. That's why Bitcoin is a Ponzi scheme.
Indeed the market situation has been red lately so many crypto currency players are hesitant to play bitcoin again. I am one of the people who is also doubtful about this situation. I am a crypto currency fighter who plays crypto currency without using capital so I am looking for the safe not to buy bitcoin. I am afraid of the bitcoin price fluctuations because if I take the wrong opportunity then I will experience a huge loss. Indeed the decision I made not to buy bitcoin is also not good because the market situation will take longer to reach normal conditions. But I have not dared to take big risks.
Maybe you right with how bad of bitcoin situation at the first January until November, but I am not agree with your opinion about how bad situation of bitcoin and altcoin price bacause I think bitcoin will get back to higher price again some day.
Bitcoin has been recorded to be used to buy real estate property. Bitcoin can be accepted in several online and offline stores by traders as a payment option. And it is even encouraged because some discount offers in bitcoin payments. Money is a resource that can be used to transfer money that can used from one party to another. on the other hand bitcoin is a mere record of the fact that investors provide resources that can be utilized in a Classic Ponzi scheme.
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