Topic: Is Bitcoin a Ponzi scheme? - page 2. (Read 1849 times)
Yes, you are! And bitcoin is far different from that ponzis schemes with dead and raw projects they just hitting & run money from noob investors and used bitcoin as payment methods where at this point newbies understand and gained negative impression about bitcoin. In bitcoin we can achieve financial freedom independently without deceiving people and building broad networks like ponzis do.
Bitcoin is not a ponzi scheme because when talking about ponzi new member paid old member and in that of bitcoin it's not robbing Peter to pay Paul you invest and get your coin instantly to your wallet not waiting for new member to join and pay you
If bitocin is a ponzi scheme, it will no longer reach this far as people will surely ditch it stop investing on it. We should put in mind that Satoshi Nakamoto wanted bitcoin to be the alternate currency of fiat with a whole new advantages on it but it is widely become more of a legit investment scheme where governments from different countries in the world are utilizing it.
We never want to experience a Ponzi scheme, right (especially in our bitcoin); thus, the need for an extra research and learning about what is bitcoin all about is very relevant. However, in my own view, bitcoin is not a Ponzi (I have my three views); first, it takes highly amount of investment with high risk - consideration would only matter on the value of bitcoin`s price; second, though decentralized many people know the activity of bitcoin; and third, the law of demand and supply - which definitely the running fuel of prices. So obviously, there`s a reason behind bitcoin`s prodigy.
People can invent all types of analogies, but this one is not fitting. The amount of bitcoins is mathematically fixed and unlike Ponzi schemes the blockchain is transparent, allowing the public to see transactions in real time. Also every time people have declared bitcoin dead they have been wrong.
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?
I still can't believe that in 2018 there are people that call bitcoin a Ponzi scheme. I wonder if they know what a bitcoin is, how it works etc etc. And also if they actually know what a Ponzi scheme is, probably they just read this expression somewhere... 
I dont think you know what ponzi is. In a ponzi or pyramid scheme there's no valuable thing. System just needs newcomers to grow up and live. Ponzi schemes live 6-12 months and promise huge profits without risk. Bitcoin is almost ten years old and most of bitcoin investors know about risks they take. Also, when you involve a ponzi you can't get out easily. But any bitcoin holder can change his/her money to fiat anytime. So bitcoin is not a ponzi scheme. If you believe that I strongly recommend take your money and exit it.
If you know some ponzi coins, you will see they take money from newbies to pay previous people. But to bitcoin, it's just about total money people invest in. If they invest much money, btc goes up, otherwise it goes down. It's not ponzi at all 
tell your friend to do some research about ponzi shemes , it's not one
I have had the same discussion with few friends and work colleges. To me only difference between bitcoin and paper money is paper money is accepted by government. Bitcoin is not ponzi, people don't trust it because they can not feel it with fingers and easiest is to say it is ponzi. Ignore them let them think what they think.
There are fewer and fewer such people every day. Many people eventually realize that this is a new reality. And that bitcoin has nothing to do with what is called a ponzi scheme.
A Ponzi scheme is a special kind of fraud. It is based on a fake investment that one schemer (or group of schemers) gets other people to give money to.In Ponzi schemes, the schemer basically says, "I found a great way to make money fast. The more you give me, the more I can invest in that cause, and the more I can earn for us all". But a Ponzi scheme doesn't actually "earn money". Instead, all of the scheme's money comes from the investors.
Once a Ponzi scheme gets too many investors, the system will always crash. This is because the investors all expect more money than they invested, and they will get impatient.
So as we can see, I fail to understand where bitcoin fits in that process as the currency started at 8 cents for each unit.
Once a Ponzi scheme gets too many investors, the system will always crash. This is because the investors all expect more money than they invested, and they will get impatient.
So as we can see, I fail to understand where bitcoin fits in that process as the currency started at 8 cents for each unit.
I have had the same discussion with few friends and work colleges. To me only difference between bitcoin and paper money is paper money is accepted by government. Bitcoin is not ponzi, people don't trust it because they can not feel it with fingers and easiest is to say it is ponzi. Ignore them let them think what they think.
I am able to see why some human beings think it is far a Ponzi scheme. because it does not pay hobby like stocks. it can handiest rise if human beings pay money in. And no person can take more money out than they put in until it is other humans is money.
I often and almost meet people like this, be it friends or other people we do not know.
they say it like that because they do not know at all and do not know a bit of this bitcoin core.
My answer to such a person is "because you do not know and have absolutely no knowledge of bitcoin, just a bad thing you know about bitcoin"
this is as I say just like the post before you
they say it like that because they do not know at all and do not know a bit of this bitcoin core.
My answer to such a person is "because you do not know and have absolutely no knowledge of bitcoin, just a bad thing you know about bitcoin"
this is as I say just like the post before you
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?
absolutely not a ponzi scheme. Bitcoin price is determined by supply and demand, not depends on who is at the top and bottom
No bitcoin is not a Ponzi scheme.Bitcoin is first decentralized cryptocurrency. There are many ways which is available to earn bitcoin. Like you can earn bitcoin with the help of mining. As well you can do trading of bitcoin to make more money. Bitcoin is the best thing to make your invested money double after a certain time later.
Bitcoin is not a ponzi scheme. A ponzi scheme simply takes money from new entrants to pay the old members and so on. But Bitcoin does not operate that way. The rise in the price of Bitcoin and the profits made within a period of time is a function of demand and supply. It goes both ways, both the old members and new entrants can create the demand at a specific time which could raise the price significantly.
Bitcoin is not a ponzi scheme. But it doesnt serve as a mainstream adoptable currency either. It can serve as a currency for the very few holders. The mining mechanism although favours the early birds overproportionally, so that the later ones have to use more and more effort to get the same results. That makes it at least similar to a ponzi scheme, where the last ones dont get anything. For the majority bitcoin is reduced to a pure investment. The inequal distribution makes it very profitable for a few and very unprofitable for many. As mentioned before not everyone can win. Thats why it has an inherent bubble character. A lack of more buyers leads to declining prices, what we see right now.
That really is a very wrong thought, I think they do not have the knowledge of Bitcoin and the cryptocurrency market. Or maybe they have seen or been cheated by the cryptocurrency-related ponzi investment models such as Bitconnect. Bitcoin is a digital currency that has laid the foundation for today's cryptocurrency world and has brought a lot of value and benefits. Bitcoin is really not a ponzi model, it is a crypto with high volatility that you can invest in it and make a lot of profit.
Maybe you will call me weak hands, But I'm trying to make my business the way that I will be still alive if everything here would be destroyed, even if Bitcoin will fail, I'm not relying all my life on it.
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