Explanation to how bitcoin is a ponzi scheme - page 2.

falllling

member

Activity: 112

Merit: 10

Quote from: 600watt on August 20, 2014, 12:36:04 PM

a ponzi scheme is a criminal scheme, where the fraudster promises high returns and actually pays those high returns with the money of new participants/victims to older participants (repeat, repeat...)

do you see that is going on with bitcoin?

with no fresh money a ponzi scheme COLLAPSES instantly. and it only collapses once, then it is over.

when no one buys bitcoin (=no fresh money) bitcoin price goes sideways, not collapsing.

yes, there were bitcoin price collapses (when people sold), but if you find me an acknowledged ponzi scheme that has ever collapsed more than once i pay you half a bitcoin. do you think 24 hours is enough time to do your research ?

and this bullcrap about "natural ponzi" just means that every asset that can be traded is a "natural ponzi" and if a definition fits every asset, what is the point ? p r o p a g a n d a by c e n t r a l b a n k e r s.

when no one buys bitcoin (=no fresh money) bitcoin price crash and failed

600watt

legendary

Activity: 2338

Merit: 2106

a ponzi scheme is a criminal scheme, where the fraudster promises high returns and actually pays those high returns with the money of new participants/victims to older participants (repeat, repeat...)

do you see that is going on with bitcoin?

with no fresh money a ponzi scheme COLLAPSES instantly. and it only collapses once, then it is over.

when no one buys bitcoin (=no fresh money) bitcoin price goes sideways, not collapsing.

yes, there were bitcoin price collapses (when people sold), but if you find me an acknowledged ponzi scheme that has ever collapsed more than once i pay you half a bitcoin. do you think 24 hours is enough time to do your research ?

and this bullcrap about "natural ponzi" just means that every asset that can be traded is a "natural ponzi" and if a definition fits every asset, what is the point ? p r o p a g a n d a by c e n t r a l b a n k e r s.

dropt

legendary

Activity: 1512

Merit: 1000

Quote from: blatchcorn on August 20, 2014, 12:02:09 PM

You seem to be getting lazy - why all the copy 'n' pasting?

I believe we call it 'desperation'.

BCEmporium

legendary

Activity: 1218

Merit: 1000

Quote from: RodeoX on August 20, 2014, 12:08:40 PM

I feel ya. I'm really posting for those who want to understand more. I think we all know fallling is a bear and a half. lol. That's cool with me.

I understand, but it's kind of pointless to try to put sense into this guy. He will just go over and over about the very same as if he is some sort of finance guru and isn't up to learn anything. He just hear about dead cat bounce and jump to it without any sense or clue of what he is talking about. I think he believes Bitcoin is some sort of corporation, at least one of his clones came up with "the owners of bitcoin", which can bankrupt and disappear overnight.
I believe most of the seasoned users here have some basic financial knowledge to understand he is saying nothing at all, just picking on any low to vent his ignorance and troll around.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Quote from: BCEmporium on August 20, 2014, 11:57:25 AM

Quote from: RodeoX on August 20, 2014, 11:54:42 AM

I see no evidence that a "dead cat bounce" is possible in bitcoin. You are thinking of a stock, which could die if valuation falls to low. That is no concern at all of mine. Bitcoin does not need to support any price and simply can't die as long as two people are using it. I'm one, anyone else want to be the other?

I don't think fallling or any of his clones deserve any answer whatsoever anymore. Let him post his same graphic over and over until the mods get fed up and show him the door.

I feel ya. I'm really posting for those who want to understand more. I think we all know fallling is a bear and a half. lol. That's cool with me.

falllling

member

Activity: 112

Merit: 10

Quote from: blatchcorn on August 20, 2014, 12:02:09 PM

Quote from: falllling on August 20, 2014, 12:01:13 PM

Quote from: BCEmporium on August 20, 2014, 11:57:25 AM

Quote from: RodeoX on August 20, 2014, 11:54:42 AM

I see no evidence that a "dead cat bounce" is possible in bitcoin. You are thinking of a stock, which could die if valuation falls to low. That is no concern at all of mine. Bitcoin does not need to support any price and simply can't die as long as two people are using it. I'm one, anyone else want to be the other?

I don't think fallling or any of his clones deserve any answer whatsoever anymore. Let him post his same graphic over and over until the mods get fed up and show him the door.

see you at $470 or even lower soon after this fake recover!

You seem to be getting lazy - why all the copy 'n' pasting?

Quote from: Sandia on August 20, 2014, 11:59:04 AM

Quote from: bigasic on August 20, 2014, 11:52:36 AM

The last few days it sure seems like someone is pumping and dumping, they let it go up about 10-15 bucks and then dump, but they dont let it go down too far, then they rinse and repeat. if you look at the charts, the timing is almost the same and the amounts are pretty similar.. I have to think this is another little pump and dump, the price just got a little higher.

the nice thing ive noticed is that the volume is much better than it has been... so that may make a difference..

Except once on Monday and once on Tuesday, after the pattern was set, he waited until it went up $5 and everyone bought in, then dumped 500 and 1200 coins on us. I know because he cost me nearly $200.

I am not a conspiracy guy, I swear on my family's life, but much of the drama over the last week looks like one guy/group. The 7k dump on Bfx, the big hidden walls to get his coins back, etc. I would like to blame him for the rise today not stalling at 499, but that is more questionable.

blatchcorn

sr. member

Activity: 952

Merit: 281

Quote from: falllling on August 20, 2014, 12:01:13 PM

Quote from: BCEmporium on August 20, 2014, 11:57:25 AM

Quote from: RodeoX on August 20, 2014, 11:54:42 AM

I see no evidence that a "dead cat bounce" is possible in bitcoin. You are thinking of a stock, which could die if valuation falls to low. That is no concern at all of mine. Bitcoin does not need to support any price and simply can't die as long as two people are using it. I'm one, anyone else want to be the other?

I don't think fallling or any of his clones deserve any answer whatsoever anymore. Let him post his same graphic over and over until the mods get fed up and show him the door.

see you at $470 or even lower soon after this fake recover!

You seem to be getting lazy - why all the copy 'n' pasting?

falllling

member

Activity: 112

Merit: 10

Quote from: BCEmporium on August 20, 2014, 11:57:25 AM

Quote from: RodeoX on August 20, 2014, 11:54:42 AM

I see no evidence that a "dead cat bounce" is possible in bitcoin. You are thinking of a stock, which could die if valuation falls to low. That is no concern at all of mine. Bitcoin does not need to support any price and simply can't die as long as two people are using it. I'm one, anyone else want to be the other?

I don't think fallling or any of his clones deserve any answer whatsoever anymore. Let him post his same graphic over and over until the mods get fed up and show him the door.

https://bitcointalksearch.org/topic/m.8456086

falllling

member

Activity: 112

Merit: 10

Quote from: BCEmporium on August 20, 2014, 11:57:25 AM

Quote from: RodeoX on August 20, 2014, 11:54:42 AM

I see no evidence that a "dead cat bounce" is possible in bitcoin. You are thinking of a stock, which could die if valuation falls to low. That is no concern at all of mine. Bitcoin does not need to support any price and simply can't die as long as two people are using it. I'm one, anyone else want to be the other?

I don't think fallling or any of his clones deserve any answer whatsoever anymore. Let him post his same graphic over and over until the mods get fed up and show him the door.

see you at $470 or even lower soon after this fake recover!

BCEmporium

legendary

Activity: 1218

Merit: 1000

Quote from: RodeoX on August 20, 2014, 11:54:42 AM

I see no evidence that a "dead cat bounce" is possible in bitcoin. You are thinking of a stock, which could die if valuation falls to low. That is no concern at all of mine. Bitcoin does not need to support any price and simply can't die as long as two people are using it. I'm one, anyone else want to be the other?

I don't think fallling or any of his clones deserve any answer whatsoever anymore. Let him post his same graphic over and over until the mods get fed up and show him the door.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

I see no evidence that a "dead cat bounce" is possible in bitcoin. You are thinking of a stock, which could die if valuation falls to low. That is no concern at all of mine. Bitcoin does not need to support any price and simply can't die as long as two people are using it. I'm one, anyone else want to be the other?

falllling

member

Activity: 112

Merit: 10

Quote from: riiiising on August 20, 2014, 11:44:00 AM

Quote from: falllling on August 20, 2014, 11:39:05 AM

Quote from: botany on August 20, 2014, 11:27:21 AM

Bitcoin is a naturally occurring ponzi scheme - World Bank

do NOT forget the dead cat bounce at just 4 days ago! $520 - $470 again!

Nah, that isn't a dead cat bounce. That's just bouncing off a resistance level! We simply needed to go lower! This chart doesn't say Jack about whether we're in a another dead-cat-bounce or whether we're in a trend-reversal!

Quote from: bigasic on August 20, 2014, 11:43:26 AM

Im wondering if this is the same little cat bounce that happened a few days ago,, didn't it go to 520 or something before it went sub 400?

This is why I've changed my mentality. Instead of worrying that my coins are losing value, think of it as an opportunity to buy cheap coins.. Hell, i might start buying litecoin, and I hate alt coins, but that might just be a smart move as I smell coinbase in the hunt for taking them soon.. if that happens, i wouldn't doubt a litecoin price double just on the announcement..

Quote from: derpinheimer on August 20, 2014, 11:40:03 AM

Quote from: TheJuice on August 20, 2014, 11:33:10 AM

Once it's a strong enough up swing all those panic sellers become panic buys. Also my swaps on finex are opening up and I assume the most not the only one. This will be another catalyst higher.

I dont think its clear yet, we'll have to see if there are any dumpers left at these levels. Generally when the price stagnates after a rise, a lone dumper takes it down a notch.

BCEmporium

legendary

Activity: 1218

Merit: 1000

Quote from: botany on August 20, 2014, 11:27:21 AM

Bitcoin is a naturally occurring ponzi scheme - World Bank

Do not believe in quotes you find over the internet - Benjamin Franklin

riiiising

newbie

Activity: 45

Merit: 0

Quote from: falllling on August 20, 2014, 11:39:05 AM

Quote from: botany on August 20, 2014, 11:27:21 AM

Bitcoin is a naturally occurring ponzi scheme - World Bank

do NOT forget the dead cat bounce at just 4 days ago! $520 - $470 again!

Nah, that isn't a dead cat bounce. That's just bouncing off a resistance level! We simply needed to go lower! This chart doesn't say Jack about whether we're in a another dead-cat-bounce or whether we're in a trend-reversal!

falllling

member

Activity: 112

Merit: 10

Quote from: botany on August 20, 2014, 11:27:21 AM

Bitcoin is a naturally occurring ponzi scheme - World Bank

do NOT forget the dead cat bounce at just 4 days ago! $520 - $470 again!

botany

legendary

Activity: 1582

Merit: 1064

Bitcoin is a naturally occurring ponzi scheme - World Bank

ErnieX

jr. member

Activity: 58

Merit: 10

If the price of a coin is sustainable on longerterm then it's not a ponzi.

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

I'm surprised nobody has posted this yet:

https://www.youtube.com/watch?v=7u4F8cpzqao

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Wow, I was a ponzi and didn't know it! I must be Berni frickin Madoff. lol

No, I don't think you know how a ponzi works or you would understand the silliness of an open source ponzi.

matt4054

legendary

Activity: 1946

Merit: 1035

Let me guess, you were there to get rich quick by just watching a ticker and it didn't work out. Bummer.

Now just open your spam folder and find your next investment opportunities. Good luck!

Topic: Explanation to how bitcoin is a ponzi scheme - page 2. (Read 3866 times)