Topic: Is Bitcoin a Ponzi scheme? - page 9. (Read 1849 times)
Bitcoin is a Ponzi scheme. I have heard many people say this words, and anyone who knows Bitcoin will not believe such a lie, but such rumors still cause great misunderstood for those who do not understand Bitcoin. I think we all have an obligation to tell them what is bitcoin.
It's ironically a ponzi but not directly.
When I think ponzi I think of Biiitttccccoooonnneeeccccct!
When I think ponzi I think of Biiitttccccoooonnneeeccccct!
Why can you say that is not "directly" a ponzi scheme? Bitcoin is the first digital currency on the block chain for 10 years now and it is still not let any investors say that it is a scheme. If Bitcoin is a scheme, I do not know if Bitcoin will be still here for that long 10 years now. The fact that Bitcoin is still leading the market as the most strongest and most expensive crypto currency in the world.
If someone says that Bitcoin is a ponzi scheme, you better ask them how long Bitcoin is reigning the market. If they don't believe you then tell them that they do not know what Bitcoin is.
The same people probably have those pulse dial telephones at home and cant figure out why nobody calls them anymore. There are plenty of open minded people in the world
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?
We don't need to argue to those people who doesn't believe in bitcoin,they are just the person who doesn't have enough knowledge on cryptocurrencies.Bitcoin is not a ponzi scheme but those people who are behind this fraudulent acts and illegal activities,they are the one who ruins bitcoins reputation to masses.
It's ironically a ponzi but not directly.
When I think ponzi I think of Biiitttccccoooonnneeeccccct!
When I think ponzi I think of Biiitttccccoooonnneeeccccct!
No ,it will never be a ponzi scheme , because in the ponzi scheme you can not join without money capital investment, in bitcoin you can join without any capital money, in bitcoin if you want to invest money in bitcoin you are the one to manage your investment as it will gain profits, if you join bounty campaign in bitcoin you will then have profits, while in ponzi scheme, the money of new members will be the one used to give the old members its gain.
Of course Bitcoin is not a ponzi scheme, it has shown that over and over gain in the crypto market that it can be trusted, Bitcoin has been here during struggles just as well as during the good days, this is a coin that has peaked upto $ 20k, an all time high for any digital asset, yet the developers dint n vanish,BTC is already a success, and were it a ponzi investors could have already lost quite a huge some of money, BTC is legitimate and has always been legitimate.
Bitcoin is a Ponzi scheme, and it will collapse like one.it will stay afloat only as long as enough people buy the fiction that bitcoin represents real value.
Do not argue with your friends regarding money. That's the friendliest advice I can ever give you. Well, if they don't believe you or Bitcoin, just ignore them. That's what do with my friends. I ignore those who have negativities with what I do and give links to those who are curious. Bitcoin is so volatile that I'm afraid to be blamed if a friend I had encouraged failed his trading. That's what I really avoid. I treasure Bitcoin as well as friendship. Do not involve money with it.
Yes, indeed, the scheme of attracting investments in bitcoin is a bit like Ponzi , but still I think that this is a completely different system, although very similar.
A Ponzi scheme is a carefully orchestrated financial scam that's completely illegal. The scammers generate big money by deceiving investors. In contrast, there is no one pulling the strings behind Bitcoin but investors who buy and sell it for gain. I think your friend doesn't understand the situation but just follows the rumors. Actually, Bitcoin itself isn't bad, but con artists use it to hoodwink others, causing bad reputation for Bitcoin.
If you've educated your friend on Bitcoin and Ponzi Scheme but they still stubborn, then it's no use continuing arguing with he or she. I can't understand why people could suppose Bitcoin and the Ponzi scheme on the same page. While the Ponzi scheme can collapse anytime and is a fraudulent system, Bitcoin is totally clear.
Your friend must have no idea about Bitcoin and the Ponzi scheme. They are totally different like chalk and cheese. The price of Bitcoin is decided by demand and supply, absolutely transparent, while a Ponzi scheme is a scam, to rob Peter to pay Paul!
I can perceive any reason why a few people think it is a Ponzi conspire. Since it doesn't pay intrigue like offers. It can just ascent if individuals pay cash in. What's more, it's not possible for anyone to take more cash out than they put in unless it's other individuals' cash. So everyone's benefit in another person's misfortune. Or on the other hand else it wouldn't work. Not every person can benefit. Albeit a few people figure everyone can benefit. Well they can't.
Bitcoin is an accepted means of payment because a bunch of people on the internet agree to it. It’s also has the perks of peer to peer seemless payments away from bank control. A Ponzi scheme is related to pyramid schemes and matrices and referral based platforms. P.s bitcoin is a digital asset worth more than gold a solid asset!
There is no way to say that bitcoin is a ponzi scheme because it just don't meet the requirements to be a ponzi scheme.. tell your friends that they are a huge group of dumbasses that do not even know how it works.
Ponzi scheme means referral system and receiving fixed income per time. Bitcoin has none of this attributes but the truth is currency not making a new supply again and thats make the price are boom.
I find it quite ridiculous to consider Bitcoin a Ponzi scheme. Investing in Bitcoin is similar to investing in stock market. The money you earn is the difference between the selling price and the buying price. Not anything of Bitcoin reminds me of 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 tend to not sustainable in long time, unlike bitcoin. Bitcoin almost 10 years existing in the world.
maybe your friend need to know the advantage of bitcoin from other currency. and you are right, bitcoin is not like the ponzi scheme that will
vanish when they raise much funds and doesnt have a new comer anymore..
I think it's a matter of wrong information that other people heard about bitcoin that is why other people telling bitcoin as ponzi scheme, and maybe those others who bought at high price will think of this too.
Only the haters can consider it as a ponzi scheme because ups and down is a normal fact in every case of business.
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