Having to even compare butcoin with ponzi schemes is something I find out of place. In fact, the whole concept about the thread is wrong. You don't use something that are very distinct in function to make an analogy of this nature. Let me ask this?
Is there or have there been any ponzi that serves as a currency or is been used as a medium of exchange?
This is the perspective I think we should be looking at this from. Bitcoin could be regarded as an asset, can we say the same about ponzi?
So, there is nothing similar between this two concepts. They are exclusive and as such, we can't correctly have a base for any comparison. There is no late comers or new comers in bitcoin. Besides, there are more and more coins been mined and put into distribution for which everyone is at liberty to acquire at current rate. There is no harm in the valuation of a thing.
Topic: I think Bitcoin is the biggest bubble and ponzi in the universe or it isn't? - page 2. (Read 863 times)
April 16, 2021, 05:30:58 PM
April 16, 2021, 04:53:27 PM
why I call it a ponzi because late comers pay for the early adapters with their cost of bitcoin is almost nothing
in early days of bitcoin people just mine it for fun........
why I call it a bubble have you ever seen any investment can start with almost nothing and went up all the way to over 60,000 dollar per coin in a decade time?
even if you count it from $1 per coin to over $60,000 that is over 6,000,000% return in investment
what do you think?
may be it is just my silly thought....
please comment. thank you.
in early days of bitcoin people just mine it for fun........
why I call it a bubble have you ever seen any investment can start with almost nothing and went up all the way to over 60,000 dollar per coin in a decade time?
even if you count it from $1 per coin to over $60,000 that is over 6,000,000% return in investment
what do you think?
may be it is just my silly thought....
please comment. thank you.
And have you ever seen a bubble that lasted a decade? If you think btc is a bubble that will soon burst then tell me how many bubble or ponzi have you seen that lasted a decade? If you can find out and while you are at it take some time to ponder if btc is ponzi why institutional investors and companies like PayPal, Greyscale, Tesla, and others are part of it,
I don't think this reputable companies will have anything to do with ponzi.
April 16, 2021, 04:00:17 PM
Not maybe, it is really indeed a silly thought and nonsense, in my opinion.
Bubble and volatility is different, as well as fiat and Bitcoin. Bitcoin is the newest currency and revolutionary while fiat is just as old as earth. If Bitcoin was just a bubble, I think after bursting (deflating) it wouldn't have a huge comeback just like what's happening in Bitcoin every time its price decreases a huge one. Also, inflation doesn't exist in Bitcoin, and the most impossible thing to assume is that Bitcoin is just a Ponzi, that's too hilarious.
It wouldn't live too long if it is just a Ponzi.
I wouldn't say that he is silly, I would just think that he is a willfully ignorant person, those are different things. A silly idea would mean that someone is researching every option, you do not learn about fire being something you should not touch without touching it, someone did that once upon a time and now we all know it, it is human nature as well but some people definitely did it for us to learn the consequences. Silly things could happen, it is just the way humanity grow bigger and wiser.Bubble and volatility is different, as well as fiat and Bitcoin. Bitcoin is the newest currency and revolutionary while fiat is just as old as earth. If Bitcoin was just a bubble, I think after bursting (deflating) it wouldn't have a huge comeback just like what's happening in Bitcoin every time its price decreases a huge one. Also, inflation doesn't exist in Bitcoin, and the most impossible thing to assume is that Bitcoin is just a Ponzi, that's too hilarious.
It wouldn't live too long if it is just a Ponzi.
However if you are willfully ignorant and you do not want to accept the truth even though it is there, like saying people warn you touching fire is bad, they bring you someone who has touched it before and burned their hand and shows scars, and you still go around and saying "I think touching fire could be fine, what do you think" to people, that is not just silly, that is ignorant.
April 16, 2021, 02:04:15 PM
why I call it a ponzi because late comers pay for the early adapters with their cost of bitcoin is almost nothing
in early days of bitcoin people just mine it for fun........
why I call it a bubble have you ever seen any investment can start with almost nothing and went up all the way to over 60,000 dollar per coin in a decade time?
even if you count it from $1 per coin to over $60,000 that is over 6,000,000% return in investment
what do you think?
may be it is just my silly thought....
please comment. thank you.
in early days of bitcoin people just mine it for fun........
why I call it a bubble have you ever seen any investment can start with almost nothing and went up all the way to over 60,000 dollar per coin in a decade time?
even if you count it from $1 per coin to over $60,000 that is over 6,000,000% return in investment
what do you think?
may be it is just my silly thought....
please comment. thank you.
And have you ever seen a bubble that lasted a decade? If you think btc is a bubble that will soon burst then tell me how many bubble or ponzi have you seen that lasted a decade? If you can find out and while you are at it take some time to ponder if btc is ponzi why institutional investors and companies like PayPal, Greyscale, Tesla, and others are part of it,
I don't think this reputable companies will have anything to do with ponzi.
April 16, 2021, 12:49:01 PM
You know what is great about bitcoin that helps all the people that think it could be a ponzi or it could be a bubble? I mean if you live in USA, dollars doesn't have that option, if you live in UK pound doesn't have that option, in Europe there is no such option for Euro. But in bitcoin there is one thing if you believe it is a bubble that you can do : Do not buy it. I mean in fiat, you have to have fiat because you have to live, without fiat you can't buy anything, so you are forced to be involved with the fiat world.
But in crypto, if you think it is a ponzi, just ignore it, and do not buy it, if you happen to get it somehow, just sell it and get out. Simple as that. People who try to bash bitcoin makes no sense to me, we are interested in bitcoin and that is why we talk about it, if you do not like it, why are you bashing it? Just sell and move on?
He can do even better, anyone that is completely convinced that bitcoin is a bubble should instead short the market, if you are so sure that you are right about your prediction of bitcoin then short it, not only you're going to be correct in your prediction now you're going to earn a lot of money with it in a very short amount of time, what can be better than that? The only problem with that is that bitcoin is not a bubble, bitcoin is here to stay and people are going to regret not investing in it But in crypto, if you think it is a ponzi, just ignore it, and do not buy it, if you happen to get it somehow, just sell it and get out. Simple as that. People who try to bash bitcoin makes no sense to me, we are interested in bitcoin and that is why we talk about it, if you do not like it, why are you bashing it? Just sell and move on?
April 16, 2021, 11:53:01 AM
I don't think Bitcoin is a bubble. Bitcoin is a technology that will solve the problem of our never-ending increase in the inflation rate. You are just frustrated maybe because you have bought Bitcoin at its ATH price. But do not worry, Bitcoin is just getting started and we are all just joined on time. 
April 16, 2021, 11:42:21 AM
Call bitcoin bubble, it doesn't matter, investment has a risk and people who invest in bitcoin believe that bitcoin is not a bubble.
It's increase maybe unbeliaveable, but it is what it is, ride on it now, make some money or just don't touch it and go to traditional stocks investment.
Bitcoin won't be considered a ponzi because its still growing at the present but it's definitely a bubble because of its current price that is already very expensive for newly investors. But if you have high hopes in bitcoin, its price won't be a struggle because you can start investing today even a fraction of it and still succeeded in the future. If you really believe in bitcoin, never underestimate it but work for it so you will also feel what those old investors are currently feeling at the moment. It's increase maybe unbeliaveable, but it is what it is, ride on it now, make some money or just don't touch it and go to traditional stocks investment.
April 16, 2021, 11:18:36 AM
is it a ponzi or is it a buuble?
Make up your mind. For example bubble was the marihuana stocks. Ponzi is when there is no inherit value or utilty in the asset and it keeps growinf till it goes to zero when everyone founds out.
BTC could be in a bubble, but it is not a ponzi.
Make up your mind. For example bubble was the marihuana stocks. Ponzi is when there is no inherit value or utilty in the asset and it keeps growinf till it goes to zero when everyone founds out.
BTC could be in a bubble, but it is not a ponzi.
April 16, 2021, 10:09:08 AM
why I call it a ponzi because late comers pay for the early adapters with their cost of bitcoin is almost nothing
in early days of bitcoin people just mine it for fun........
why I call it a bubble have you ever seen any investment can start with almost nothing and went up all the way to over 60,000 dollar per coin in a decade time?
even if you count it from $1 per coin to over $60,000 that is over 6,000,000% return in investment
Well, the price might be over $60,000 now, but do you know why Bitcoin was developed? Bitcoin was developed to be a payment method, though it turned out that it is very volatile and people are now seeing it as an opportunity to get rich, but that wasn’t the purpose why it was made.in early days of bitcoin people just mine it for fun........
why I call it a bubble have you ever seen any investment can start with almost nothing and went up all the way to over 60,000 dollar per coin in a decade time?
even if you count it from $1 per coin to over $60,000 that is over 6,000,000% return in investment
So, even if it should reach $100,000 and drop to $1 today, that’s not going to stop it from being used as a payment method, of course investors might get scared and run away from the market, but those who just wants to be making use of it for payment will always continue. And bitcoin is not a Ponzi as you have said, it is not, there is a clear difference between it and a Ponzi scheme which I believe the comments here have cleared you on that.
April 16, 2021, 07:06:14 AM
Have you seen a ponzi scheme that has last this long and remain sustainable?
~
~
Actually, there was one. Bernie Madoff, who died in prison 2 days ago, serving a 150-year sentence, ran a $65bn Ponzi scheme that lasted over 15 years, for sure, and maybe even much longer.
But the main difference between what happens with BTC and what happens with Ponzi schemes, is that no Ponzi scheme would ever recover from a disaster that was happening to Bitcoin in 2018, ever. And yet today, 2 years+ later, we are hitting one ATH after another.
So, I would rephrase the question to "Have you seen a ponzi scheme that has survived a crash?"
April 16, 2021, 05:29:42 AM
what do you think?
may be it is just my silly thought....
may be it is just my silly thought....
Not maybe, it is really indeed a silly thought and nonsense, in my opinion.
Bubble and volatility is different, as well as fiat and Bitcoin. Bitcoin is the newest currency and revolutionary while fiat is just as old as earth. If Bitcoin was just a bubble, I think after bursting (deflating) it wouldn't have a huge comeback just like what's happening in Bitcoin every time its price decreases a huge one. Also, inflation doesn't exist in Bitcoin, and the most impossible thing to assume is that Bitcoin is just a Ponzi, that's too hilarious.
It wouldn't live too long if it is just a Ponzi.
April 16, 2021, 04:56:36 AM
why I call it a ponzi because late comers pay for the early adapters with their cost of bitcoin is almost nothing
in early days of bitcoin people just mine it for fun........
why I call it a bubble have you ever seen any investment can start with almost nothing and went up all the way to over 60,000 dollar per coin in a decade time?
even if you count it from $1 per coin to over $60,000 that is over 6,000,000% return in investment
Well, the price might be over $60,000 now, but do you know why Bitcoin was developed? Bitcoin was developed to be a payment method, though it turned out that it is very volatile and people are now seeing it as an opportunity to get rich, but that wasn’t the purpose why it was made.in early days of bitcoin people just mine it for fun........
why I call it a bubble have you ever seen any investment can start with almost nothing and went up all the way to over 60,000 dollar per coin in a decade time?
even if you count it from $1 per coin to over $60,000 that is over 6,000,000% return in investment
So, even if it should reach $100,000 and drop to $1 today, that’s not going to stop it from being used as a payment method, of course investors might get scared and run away from the market, but those who just wants to be making use of it for payment will always continue. And bitcoin is not a Ponzi as you have said, it is not, there is a clear difference between it and a Ponzi scheme which I believe the comments here have cleared you on that.
April 15, 2021, 11:15:47 PM
Quote
A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. The scheme leads victims to believe that profits are coming from legitimate business activity (e.g. product sales and/or successful investments), and they remain unaware that other investors are the source of funds.
from wikipedia.orgBitcoin wasn't created to generate profit. It isn't a tool to generate money, Bitcoin is deflationary medium of exchange.
April 15, 2021, 10:25:52 PM
Bitcoin does drastically increase in price, in just a few years bitcoin has went to 60,000 in value. In those years, the price was quite unstable, and indeed there were big dips in the past. For me, Bitcoin is not a bubble and a ponzi scheme. First of all, it depends on your perspective whether you think it is a bubble or not, it really doesnt matter. Bitcoin has brought huge gains to investors, but it is true that investing comes with risks that you should take into account. It doesnt always go uphill. Second, a ponzi scheme is centralized, while bitcoin is decentralized.
although there are those who benefit from the increase in bitcoin, but we can see of course there will be losers as well, and that is natural as a market law. I think the money just goes into the hands of people who can better understand the situation 
April 15, 2021, 03:10:43 PM
The best way to sort out a Ponzi is to make it go through a recession and see what happens - they'll collapse because when there's an economical crisis no one invests and the companies can't pay off the investors and lure the new ones. What are we facing now? Crisis. Did Bitcoin collapse? No, it's growing.
Simple as that.
I wrote a post about it recently: https://bitcointalksearch.org/topic/how-do-i-convince-people-that-bitcoin-isnt-a-financial-pyramid-5320505
And there are plenty of other threads and articles dedicated to this issue, simply read some of them and you won't have any more questions.
Simple as that.
I wrote a post about it recently: https://bitcointalksearch.org/topic/how-do-i-convince-people-that-bitcoin-isnt-a-financial-pyramid-5320505
And there are plenty of other threads and articles dedicated to this issue, simply read some of them and you won't have any more questions.
April 15, 2021, 02:03:33 PM
You know what is great about bitcoin that helps all the people that think it could be a ponzi or it could be a bubble? I mean if you live in USA, dollars doesn't have that option, if you live in UK pound doesn't have that option, in Europe there is no such option for Euro. But in bitcoin there is one thing if you believe it is a bubble that you can do : Do not buy it. I mean in fiat, you have to have fiat because you have to live, without fiat you can't buy anything, so you are forced to be involved with the fiat world.
But in crypto, if you think it is a ponzi, just ignore it, and do not buy it, if you happen to get it somehow, just sell it and get out. Simple as that. People who try to bash bitcoin makes no sense to me, we are interested in bitcoin and that is why we talk about it, if you do not like it, why are you bashing it? Just sell and move on?
But in crypto, if you think it is a ponzi, just ignore it, and do not buy it, if you happen to get it somehow, just sell it and get out. Simple as that. People who try to bash bitcoin makes no sense to me, we are interested in bitcoin and that is why we talk about it, if you do not like it, why are you bashing it? Just sell and move on?
April 15, 2021, 08:21:12 AM
Bitcoin does drastically increase in price, in just a few years bitcoin has went to 60,000 in value. In those years, the price was quite unstable, and indeed there were big dips in the past. For me, Bitcoin is not a bubble and a ponzi scheme. First of all, it depends on your perspective whether you think it is a bubble or not, it really doesnt matter. Bitcoin has brought huge gains to investors, but it is true that investing comes with risks that you should take into account. It doesnt always go uphill. Second, a ponzi scheme is centralized, while bitcoin is decentralized.
April 14, 2021, 07:44:36 PM
Call bitcoin bubble, it doesn't matter, investment has a risk and people who invest in bitcoin believe that bitcoin is not a bubble.
It's increase maybe unbeliaveable, but it is what it is, ride on it now, make some money or just don't touch it and go to traditional stocks investment.
It's increase maybe unbeliaveable, but it is what it is, ride on it now, make some money or just don't touch it and go to traditional stocks investment.
April 14, 2021, 07:42:18 PM
why I call it a ponzi because late comers pay for the early adapters with their cost of bitcoin is almost nothing
in early days of bitcoin people just mine it for fun........
why I call it a bubble have you ever seen any investment can start with almost nothing and went up all the way to over 60,000 dollar per coin in a decade time?
even if you count it from $1 per coin to over $60,000 that is over 6,000,000% return in investment
what do you think?
may be it is just my silly thought....
please comment. thank you.
Wow, mate. Historical data has always been a measure of analysis. For bitcoin, certainly countless people will not be able to forget the devastation scene since the beginning of 2018. Bitcoin bubble begins to concept, communication stronger. Although bitcoin and crypto have moved into another, flourishing period, be cautious, vigilant and plan. That's the important thing. in early days of bitcoin people just mine it for fun........
why I call it a bubble have you ever seen any investment can start with almost nothing and went up all the way to over 60,000 dollar per coin in a decade time?
even if you count it from $1 per coin to over $60,000 that is over 6,000,000% return in investment
what do you think?
may be it is just my silly thought....
please comment. thank you.
April 14, 2021, 06:07:49 PM
why I call it a ponzi because late comers pay for the early adapters with their cost of bitcoin is almost nothing
in early days of bitcoin people just mine it for fun........
why I call it a bubble have you ever seen any investment can start with almost nothing and went up all the way to over 60,000 dollar per coin in a decade time?
even if you count it from $1 per coin to over $60,000 that is over 6,000,000% return in investment
what do you think?
may be it is just my silly thought....
please comment. thank you.
This isn't something that typical triangle scheme or simply a ponzi where people who are on the top are making out money which does simply shows the structure of a ponzi.in early days of bitcoin people just mine it for fun........
why I call it a bubble have you ever seen any investment can start with almost nothing and went up all the way to over 60,000 dollar per coin in a decade time?
even if you count it from $1 per coin to over $60,000 that is over 6,000,000% return in investment
what do you think?
may be it is just my silly thought....
please comment. thank you.
Try to look and figure it out this market first before making some conclusions for it to be a ponzi.No it isn't and this market wont really make this big if people do find it out in the first place
or does have that kind of impression.People had trusted up much this project which I cant really blame them off and recognition is on the move and this isn't
something that you can see with those obvious ponzi scams.
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