Topic: Is Bitcoin a Ponzi scheme? - page 11. (Read 1849 times)
A ponzi scheme promises a high return on your stake that is paid for by new investors. Though somebody taking an advantage to use Bitcoin as fuel of their Ponzi scheme agenda.
You imagine Bitcoin is a ponzi scheme then anything that goes up legitimately is also a ponzi scheme because people who invest at the beginning of everything get many benefits. Not that ponzi, that's what you call a good investment. Bitcoin is a thousand percent not a ponzi scheme that you can be sure of. Bitcoin costs are high. Bitcoin is not used to transfer money. No projects on Bitcoin. Prices only go up when there are more buyers, so it acts like the current Ponzi scheme.
At the core of the Ponzi scheme is the central element, as an example, actually Ponzi or Sergei Mavrodi. He attracts new members, money, organizes payments. When the claims of payments are greater than the funds invested, the scheme falls apart. This happens inevitably, sooner or later, since infinite expansion is impossible. In the pyramids, each victim should become the leader of a cell and buy something from those who came earlier and sell those who came later. If a really existing product is bought and sold, then it is legal, if just a license to sell licenses to the next victims, then it is illegal and also, sooner or later, collapses.
Bitcoin is a digital money it is like our regular currency but this is in the form of digital money. It is not ponzi scheme because it is dependent on supply and demand in the market. People may call it ponzi when holder invest it in ponzi schemes but not the money itself or bitcoin its the program where you invest it.
Regardless of the technology used to operate the Ponzi model, the scams using this model have similar characteristics:
Commitment to high returns with low risk
Profits are stable regardless of market conditions
Forms of investment are not registered with the competent authorities
Forms or investment strategies of organizations are called confidential or are described as very troublesome
Clients are not allowed to view official papers for their investments
Customers are hard to withdraw money from the organization
Commitment to high returns with low risk
Profits are stable regardless of market conditions
Forms of investment are not registered with the competent authorities
Forms or investment strategies of organizations are called confidential or are described as very troublesome
Clients are not allowed to view official papers for their investments
Customers are hard to withdraw money from the organization
It's not a ponzi scheme , As per my understanding bitcoins recognized by supply and demand. In volatile market prices goes up and comes down.This could happen in any other investments like share’s, property, gold etc..etc.
You are right, it is a digital currency whose price moves based on supply and demand. There are other crypto projects that look like ponzi to me. One example is steemit.
no, what makes bitcoin a ponzi scheme is from a certain group that develops ponzi and hyip investments from there bitcoin name becomes ugly because many people suffer losses due to a scam.
Do not waste your time trying to think about it, bitcoin is not ponzi scheme and if someone can not perceive it, then this person simply does not like bitcoin and is using argument of that is ponzi scheme
I had arguments with my friends who are always tagging bitcoin with negativity. Today, we argued and I educated them on bitcoin and Ponzi scheme. To me Ponzi scheme is when developers takes money from new entrance to pay early birds,rinse and repeat until they raise enough and vanish. But bitcoin is not like that. Do you think I am right?
Ponzi Scheme is more like a Pyramid that the upper-ups will gain more profit when they got more people below their current status or legs. Bitcoin is more like a currency that can be used to buy products and services through blockchain. If bitcoin is ponzi scam why did it endure long and massive wave of fuds and still gather more people to invest on it.
many people are talking negatively about bitcoin many bitcoin holders know that bitcoin is not a scheme or Ponzi scheme
I had arguments with my friends who are always tagging bitcoin with negativity. Today, we argued and I educated them on bitcoin and Ponzi scheme. To me Ponzi scheme is when developers takes money from new entrance to pay early birds,rinse and repeat until they raise enough and vanish. But bitcoin is not like that. Do you think I am right?
Yep you are right. People who are not familiar with the industry will have wrong judgement. You can tell your friends about the history of bitcoin, and tell them about the development of other altcoin.
The Ponzi scheme has obvious features of demolishing the East Wall and compensating for the funds of the Western Wall. Bitcoin is a game between different investors.
It is not like that. it is tike the other scheme like share market or other big schemes.
Bitcoin is not a ponzi, bitcoin is something of value. Just like the people who bid on the items being auctioned, people fight each other for bitcoin.
Maybe this sounds useless, but in the future bitcoin will be used for means of payment and is no longer up for grabs. Because it is true at the beginning of bitcoin creation, bitcoin is used as a means of payment rather than as an investment tool.
Maybe this sounds useless, but in the future bitcoin will be used for means of payment and is no longer up for grabs. Because it is true at the beginning of bitcoin creation, bitcoin is used as a means of payment rather than as an investment tool.
Bitcoin doesn't act as a ponzi scheme.
no bitcoin is not a ponzi scheme, but many people said that bitcoin is ponzi scheme because they look the bitcoin holder is getting money in a fast way ( like the ponzi scheme at the beginning only). as you know that bitcoin is a normal currencies but doesn't have the digital form, its mean that bitcoin just have a digital form only
I had arguments with my friends who are always tagging bitcoin with negativity. Today, we argued and I educated them on bitcoin and Ponzi scheme. To me Ponzi scheme is when developers takes money from new entrance to pay early birds,rinse and repeat until they raise enough and vanish. But bitcoin is not like that. Do you think I am right?
It is right to rise and defend the name of this investment or some people will totally to believe that Bitcoin is a scam like HYIP and Ponzi scheme. We should help one another to depend Bitcoin that it is not a scam but the people who use its platform to steal the hard earned money of the people is the scam.
I think you are right. we all know that the ponzi system with bitcoin is very different, if bitcoin with the stock price system is up and down and investors can check it. then different again with ponzi that is by giving profits in the beginning but in the end when people inves with funds higher than the beginning, they will run away with funds without a trace. and this is pure fraud and very different from bitcoin.
I had arguments with my friends who are always tagging bitcoin with negativity. Today, we argued and I educated them on bitcoin and Ponzi scheme. To me Ponzi scheme is when developers takes money from new entrance to pay early birds,rinse and repeat until they raise enough and vanish. But bitcoin is not like that. Do you think I am right?
Ofcourse not bitcoin is a virtual currency and not a ponzi scheme or ponzi pyramid that you need to have people before you can earn money, having a bitcoin is your choice if you want to have this and specially not all bitcoin you need to buy sometimes you just need to work for it.
Upto this far, Bitcoin cannot be a Ponzi, it's just that it's facing. Difficult time in the market, but that doesn't make it a Ponzi at all
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