How is bitcoin not multi level marketing? - page 2.

BitcoinHodler

hero member

Activity: 1456

Merit: 579

HODLing is an art, not just a word...

Quote from: BullCreek on June 07, 2017, 07:07:22 AM

We tell our friends about it and they buy it at 10% more than you paid for it just because you have the in.
Did they really need this in their lives?

with your logic everything in the world is an MLM system!
including Gold, Stocks, and every item that you can think of.
even when you go and buy a shirt it is an MLM based on your logic because someone (the seller) bought the shirt at 10% less and is now selling it to you for 10% more. did you need that shirt? you could have used your old shirt Wink

vohoanghiep5555

newbie

Activity: 15

Merit: 0

Quote from: BullCreek on June 07, 2017, 07:07:22 AM

We tell our friends about it and they buy it at 10% more than you paid for it just because you have the in.

Did they really need this in their lives?

Yes exactly Bitcoin may be divided into many categories but we can not assert that it is multi-level. It's possible that many Bitcoin participants have been scammed, but we can not say that it is multi-level

olushakes

sr. member

Activity: 476

Merit: 254

Quote from: BullCreek on June 07, 2017, 07:07:22 AM

We tell our friends about it and they buy it at 10% more than you paid for it just because you have the in.

Did they really need this in their lives?

Situations like this is what we face when trying to enlighten people about bitcoin as most of them just wants to invest at an amount, and the next week the price has sky rocket but the moment you tell them that's not how it works they either label you a novice or even a quack at that and its not their fault but the media that spread the news of increase faster than when there is a crash. So what I do now, is keep to myself and only advise those who are genuinely interested so I won't be labelled a s hammer who leads people to lose their hard earned money.

buwaytress

legendary

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Join the world-leading crypto sportsbook NOW!

Since this is a rant, I won't point out the dozens of ways Bitcoin is anything but MLM.

You know, you'll always get disappointed in the end if you have expectations from trying to help someone. But with friends and family, better to stay away from offering investment advice. Money is just something that'll always create issues somewhere down the line.

I've had mixed experiences talking to friends about Bitcoin, and other digital ideas previous to that. Now I just offer opinions when asked earnestly.

iqlimasyadiqa

legendary

Activity: 1596

Merit: 1011

I think multi level marketing is not the right thing to call bitcoin. MLM is just a kind of system much different from bitcoin. If the system is implemented then bitcoin will lose many users. We all know that multi level marketing is very harmful to many people and only benefit to some people only.

HTracer

full member

Activity: 152

Merit: 100

It's not about MLM at all. There is no refferal rewards for involving newcomers.

cryp24x

sr. member

Activity: 1190

Merit: 253

Quote from: Dude.Lebowski on June 07, 2017, 07:42:44 AM

Quote from: BullCreek on June 07, 2017, 07:07:22 AM

We tell our friends about it and they buy it at 10% more than you paid for it just because you have the in.

Did they really need this in their lives?

Bitcoin is multi level marketing the same way gold is multi level marketing.

I don't give my friends or family investment advice. Best way to loose friends.

To know if Bitcoin is a multilevel marketing you should know what multi level marketing is.

Quote

Multi-level marketing is a strategy that some direct sales companies use to encourage their existing distributors to recruit new distributors by paying the existing distributors a percentage of their recruits' sales; the recruits are known as a distributor's "downline."

Bitcoin is not controlled by any company, it is under an open market and it does not give a percentage to anyone who encourage people to buy bitcoin. So Bitcoin is not a multi level marketing.

brokedummy

legendary

Activity: 980

Merit: 1004

yeah, I gave good investment advice to friends and family after the 2013 bubble and nobody listened, now they probably resent me because I was right. On this bubble instead of advising them to invest their own money I tried giving away some of my interest bearing cryptocoins to friends and family and that also failed because it seems like MLM. This was pretty upsetting to me and now I don't offer any advice or free money. Fuck these losers, I told them straight up, never ask me for money ever again if you can't take my free money now. They don't trust me enough to download a wallet, well I won't give a shit if you are eating dogfood in twenty years, they are all dead to me now.

Dude.Lebowski

full member

Activity: 129

Merit: 101

Quote from: BullCreek on June 07, 2017, 07:07:22 AM

We tell our friends about it and they buy it at 10% more than you paid for it just because you have the in.

Did they really need this in their lives?

Bitcoin is multi level marketing the same way gold is multi level marketing.

I don't give my friends or family investment advice. Best way to loose friends.

BullCreek

newbie

Activity: 26

Merit: 0

We tell our friends about it and they buy it at 10% more than you paid for it just because you have the in.

Did they really need this in their lives?

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