Topic: Is Bitcoin a Ponzi scheme? - page 16. (Read 1849 times)
Bitcoin is actually the opposite of Ponzi scheme as its creator even after having such a large hodling of coins hasn't touched it, otherwise he could have sold just a small portion of it and made millions of dollars. Also ponzi schemes don't last this long and you don't have institutional investors investing in it.
Bitcoin, of course, is not a scam, it can circulate in the user's approval, but without strong credit guarantee!
If a person does not believe in the value of bitcoin, then bitcoin is worthless to him. Cryptocurrencies such as bitcoins circulate only within the limits of their value.
If a person does not believe in the value of bitcoin, then bitcoin is worthless to him. Cryptocurrencies such as bitcoins circulate only within the limits of their value.
Bitcoin fees are high. Bitcoin is not used for transferring money. There are no projects about bitcoin. İts price only rises when there are more buyers, so It acts like a Ponzi scheme nowsadays.
Banks and most financial institutions only provide services by helping to transfer people's money or keep them until they are due to be collected. On the other hand, Bitcoin provides faster transaction speed and a safer blockchain based environment which are the services customers want. Why are banks not ponzi schemes too ?
This is also a demonstration of the standard operation of a bubble. It looks like a Ponzi scheme or a pyramid scheme. If I buy bitcoin today, it will be more valuable tomorrow because others have bought it at a higher price. As an existing “investor,” I am benefitting from others getting in. Meanwhile, what I’m actually owning is a bitcoin. Don’t get me wrong, bitcoin is valuable, but it’s not worth $10,000 per coin, or even $1,000 per coin. It’s a currency. It’s not Amazon or Apple stock.
In this situation, I would do a couple things, first, I would remind your friend that the "Ponzi scheme" was actually executed with the currency fiat, and not with the crypto currency. Secondly - some people are simply ignorant, if they are not going to receive it, this is normal
Ponzi scheme always implies centralization as there is someone who pulls all his funds out which collapses the whole pyramid. However, bitcoin is designed in a way that makes it pretty decentalized and therefore it's very hard for anybody to aggregate so much of it to be able to collapse the system.
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?
Yes. It is possible or to earn money through btc it's not like you invest into it and you don't get anything, that's the definition of a ponzi scheme being tricked into losing money. Btc is well recognized . A user should take precautions of trading on official websites and it's their duty to confirm their not falling for a phising scam. 
No it's about supply and demand, a ponzi scheme is about claiming your money from the next person who gets in and so on.
true this is what ponzi scheme for and we see that bitcoin is not to work on this kind of situation that you can get money from one person to another cause you just only have to work by yourself to make some profit to earn for.
Definetly NO
I think ponzi scheme is a phrase associated with something that tends to be negative.
I don't think bitcoin is a scheme, however, there is so many high yield investment programme that pays people using bitcoin as one of the payment processors. since high yield investment programme is very risky when the programme become scam then some of the participant will be thinking the owe payment method used is scam. the same thing happens in my country. people participated in a popular scheme called MMM and today when you discuss about bitcoin to people they will start to think you are introducing another ponzi scheme to them
No Bitcoin is the main power of Crypto
maybe You listen Wrong bitconnect project is Scam but bitcoin is Not .
maybe You listen Wrong bitconnect project is Scam but bitcoin is Not .
No it's about supply and demand, a ponzi scheme is about claiming your money from the next person who gets in and so on.
You're right, bitcoins are not really ponzi schemes. So it is called Ponzi scheme because it is used only by exploiting people. And you do not need to talk to your friends anymore because you know who you are in and do not have to worry about it.
Your defense as to whether bitcoin is a ponzi or not are very valid and i totally agree with you.If bitcoin is a ponzi,then same can be said for over 60 percent of all stocks since they really are not backed by an actually company with profitability being the sole drive of price appreciation.Bitcoin is not a ponzi
i dont think that bitcoin is a ponzi scheme, i just see that bitcoin is like gold but in digital form, so if you think that bitcoin is a ponzi scheme maybe gold is a ponzi scheme too, hahaha. it just my opinion i dont know people think about bitcoin and i hope your argumetation with your friend will clear soon
because verbally bitcoin is capable of playing any role in the crypto business, and ordinary people tend to think of it merely as an investment that does not have a guarantor so it makes sense for them to think like that, bitcoin price fluctuations are seen to be bubble patterns and many people associate them with ponzi, it's wrong because cryptocurrency ecosystems are so complex and complementary.
In light of everything previously written, it is safe to say that if a person declares bitcoin a Ponzi scheme, then he simply does not understand what it is. If you read the bitcoin whitepaper, you will not find a word from the creators about mandatory investments in the currency and anything related to it. The eight-page document is entirely devoted to the creation and development of a currency that is resistant to the process of centralization. You need to understand that the founder of bitcoin has never run away with a lot of money, no one asks to recruit new people and investors, no one promises and does not guarantee monthly / regular income and no one controls bitcoin
i dont think that bitcoin is a ponzi scheme, i just see that bitcoin is like gold but in digital form, so if you think that bitcoin is a ponzi scheme maybe gold is a ponzi scheme too, hahaha. it just my opinion i dont know people think about bitcoin and i hope your argumetation with your friend will clear soon
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?
This is an interesting topic and affects the way we should view Bitcoin. Because it only increases in value as more people invest, in this way it is similar to a ponzi scheme, however it is not a ponzi scheme but rather a new emerging technology/ industry, hence the spike in value and adoption.
bitcoin is no ponzi scheme just that its system is quiet different from what they usually know and do its fee charge,trading and investing system and so on.So its no ponzi scheme
Yes agree with you. Bitcoin existence can prove that it is quite different to Ponzi scheme. Ponzi scheme will not really exceed for long term like 9-10 years in operation. And besides bitcoin transactions or investment will collecting charges to enables investors doing trading, exchanging and etc, or a decentralized forms of investment generally. Unlike ponzi scheme it is a pyramidal form that operates in short time and vanished with all of our money were being steal.
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