Topic: Is Bitcoin a Ponzi scheme? - page 22. (Read 1849 times)
bitcoin to me behaves more like gold commodity than a ponzi scheme. Because of its limited supply price can go as high as people are willing to pay for it. While gold can still be found in nature, bitcoin supply is truly really limited and as more people want to have it the tendency will be a increase with adoption. However some alts may do a better job and if interest falls down goes the value.
It is hardly explain to someone that do not see Bitcoin as an asset. It is an digital asset and we need to get rid of the traditional mind to see the benefit of it and the concept behind it.
No need to argue with someone who do not understand and believe, it is not worth. Do not lose your friendship. The time will come and they will ask you more about that.
Think about the supply and demand of Diamonds. It is just an example.
No need to argue with someone who do not understand and believe, it is not worth. Do not lose your friendship. The time will come and they will ask you more about that.
Think about the supply and demand of Diamonds. It is just an example.
if it was ponzy, it wouldnt have survived for 9 years
Some poniz's did survive a while though Bitcoin actually has the technology to back the slander of it being a ponzi scheme.
if it was ponzy, it wouldnt have survived for 9 years
I think the Ponzi Scheme is an illegal investment mode that benefits investors from their own money or money paid by the next investor. Profits are not obtained from individuals or organizations that run investment activities.
Yur friend does not know anything about bitcoin. maybe he just read the news about the ponzi business that many people do business with other people paying bitcoin. or he received a hoax news about bitcoin from a source he believed.
but in fact bitcoin is not like that.
Bitcoin Created mining. with blockchain technology . no one made it manually by hand or simple click . after being made bitcoin how people double it . its their option and their strategy .
but in fact bitcoin is not like that.
Bitcoin Created mining. with blockchain technology . no one made it manually by hand or simple click . after being made bitcoin how people double it . its their option and their strategy .
If Bitcoin was really meant to be a Ponzi scheme Satoshi Nakamoto would have sold off long ago, unless it's the biggest Ponzi scheme of all time, then hats off to him I guess 
People think that Bitcoin is some kind of ponzi scheme when they got not profit from it,not all got profit in the same days someone losses and someones profit that is the true story her in Bitcoin,that is the reason why we keep on learning how to be professional in comes into trading 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.
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.
i agree to that sir, the essence of being a currency is slowly fading away specially in micropayments its too expensive to transact to it, however many believed that bitcoin now is mre of an asset a store of value that appreciates over time, and to those that believed it was a ponzi the should do more research 
.. well just hope the lightning network will be widely and perfectly implemented specially at this times..For small transactions we can use AltCoins at this moment. Bitcoin is under constant development, today the network can be overloaded, but with an improvement the situation can be solved (at least temporarily, like it already happened), so the fees will decrease again.
Anyway, it's not a reason to consider Bitcoin a Ponzi scheme. No one will be scammed here. There isn't a central authority holding everyone's money and ready to run away on the first opportunity. The free market regulates itself, we regulate ourselves and we must be aware our only guarantee of success is to keep Bitcoin reputable, so the demand and the supply will be balanced and the currency will be usable. On the contrary shulio says, there are several projects about Bitcoin and people are still transfering Bitcoins (otherwise fees would be cheap).
You should consider when saying that bitcoin is a Ponzi model. Bitcoin does not encourage anyone to borrow money from someone else and pay for it, people invest bitcoin because they see the potential for growth in the financial world. The market is gradually stabilizing and this is the time for you to invest in this market and especially the bitcoin. Take advantage of this opportunity.
Ponzi scheme has recruitment and a huge pay off that doesn't go up or down in value. It's flat out too good to be true. They will show you no risk as long as you recruit people. Bitcoin on the other-hand shows you plainly that its in the market with volatile values meaning it's organic.
Big no! for me 😊 Ponzi scheme is an investment scheme that will always failed in the long run once there's no new investment coming in anymore. Ponzi scheme is relatively a form of networking or Multi-level marketing (MLM), and we all know it's not the essence of Bitcoin. Though somebody taking an advantage to use Bitcoin as fuel of their Ponzi scheme agenda.
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.
i agree to that sir, the essence of being a currency is slowly fading away specially in micropayments its too expensive to transact to it, however many believed that bitcoin now is mre of an asset a store of value that appreciates over time, and to those that believed it was a ponzi the should do more research .. well just hope the lightning network will be widely and perfectly implemented specially at this times.. 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?
Oh boy, if bitcoin gets labeled a ponzi scheme (which is isn't) one could say many stocks are ponzi schemes...shit many could say life is a ponzi scheme, seems like it is getting harder and harder to build wealth (in America, UK, (add your country here))
please note this...the ponzi scheme coins are coins with lending system officially released from its dev like bitconnect,regal,hextra,etc...these coins only survived with their internal exchange,marketing strategy and recruit new members...you can see bitcoin doesnt have any criteria like that from their dev and even their dev are unknown til now
Bitcoin isn't a Ponzi scheme for loads of reasons
There are no paid dividends to any investors.
The purpose of using bitcoin isn’t to recruit new participants.
There’s no centralized body that funnels money up to the top.
Unlike Ponzi schemes, Bitcoin will still have value and continue to function even if no new participants join the market
There are no paid dividends to any investors.
The purpose of using bitcoin isn’t to recruit new participants.
There’s no centralized body that funnels money up to the top.
Unlike Ponzi schemes, Bitcoin will still have value and continue to function even if no new participants join the market
Bitcoin is a bubble, the actual product is massively over-valued and the reason most people buy it is because they believe they can sell it on later for a profit. There are a few idiots that buy it because they believe it will change the world but they are a small minority.Bitcoin is not a Ponzi scheme, new tulip bubble, or anything in that category rather a new invention called digital cryptocurrency.
Bitcoin is not a Ponzi scheme. There is a lot of ways to gain Bitcoin and they are through trading, holding, lending services, and Bitcoin lending. Ponzi scheme is a scam that uses the returns of the old investors to pay as revenue to the new investors. We also need to educate people regarding Bitcoin that there is a big difference between Ponzi scheme.
Bitcoin is not a Ponzi scheme. There is a lot of ways to gain Bitcoin and they are through trading, holding, lending services, and Bitcoin lending. Ponzi scheme is a scam that uses the returns of the old investors to pay as revenue to the new investors. We also need to educate people regarding Bitcoin that there is a big difference between 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?
Yeah! You're absolutely right. They are vastly different but share few similarities, which are; -putting money and waiting to rise
-risk of waiting
-e.t.c
A ponzi scheme promises a high return on your stake that is paid for by new investors.
Bitconnect is an example of a ponzi scheme. Bitcoin is not. There is no promise that you will get more back in the future.
Bitcoin is a bubble, the actual product is massively over-valued and the reason most people buy it is because they believe they can sell it on later for a profit. There are a few idiots that buy it because they believe it will change the world but they are a small minority.
As such bitcoin won't suddenly go bang like a ponzi does when it stops paying out. It will decline steadily instead.
Bitconnect is an example of a ponzi scheme. Bitcoin is not. There is no promise that you will get more back in the future.
Bitcoin is a bubble, the actual product is massively over-valued and the reason most people buy it is because they believe they can sell it on later for a profit. There are a few idiots that buy it because they believe it will change the world but they are a small minority.
As such bitcoin won't suddenly go bang like a ponzi does when it stops paying out. It will decline steadily instead.
Bitcoin is not a Ponzi scheme, new tulip bubble, or anything in that category rather a new invention called digital cryptocurrency.
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