Is cryptocurrency a ponzi? - page 3.

redsun114

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Quote from: Crypto_lion on August 03, 2018, 01:58:57 AM

Lol how can you generalise the entire crypto currency segment as a scam? Yes there are scam ico which loot ico of their money but it also exists in every field.

This is the lack of knowledge. Just because of some scam ICOs, one should never call the whole crypto as scam or Ponzi scheme. We have coins like Bitcoin and ETH which have gotten lot more potential and have been imparting great money and benefits after being viewed as scam in the start.

So I think the technology is never a scam and the people on its back make it happen. Bitcoin alone has the potential to replace your banking system and upgrade it to the nest level and many more great things.

Coinrush20

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Just like any other business there are risk when you invest. Noww these companies are probably here to ride the current hype and that what business is all about, does it look bad in a way? Maybe but as long as there a willing investor who believe he or she can make profit these companies will exist. You might be surprised that most of them is just a branch of you favorite currency.

republicrypto

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Keep it Simple guys :)

Nope crypto is not a ponzi, just because a lot of ico scam,, it doesn't make crypto is ponzi
You should know how to choose a good crypto my friend
And i believe you will change your mind
Regards

gabrielkings

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Cryptocurrency is definetely not a ponzi. It is so sad many people still see it this way... This digital currency, the wolrd is not reamining thesame and everything is moving forward. The earlier those who thinks it's ponzi realize it's not and invest in it the better because they will be left behind.

Faraha_JJJ

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It's not a ponzi, Crypto is real. They have use cases and growing slowly. There are few scam ICO's as well, one must be careful while investing on any asset. Do you research before investing.

Doovla

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Yes, most of developers nowadays are using the same methods thinking that it will bring up the people to start investing. Most of them are scams. Focus should be put on projects that have their own idea to create their own platform in the future. That is where the profits are quaranteed.

YuginKadoya

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Quote from: Mahanton on August 03, 2018, 02:11:44 PM

Quote from: olumyd on August 03, 2018, 01:00:08 AM

Is there something that could be done about upcoming ICOs with nothing to show (no MVP), to reduce the risks of investing in projects that will just flop?

Theres nothing we can do on how to stop those useless projects would flood out the entire market as long there are greedy people do tend to make a scam project just to make a good quick bucks from investors.
I do agree on some of your points that crypto is somehow a Ponzi but not generally yet we do know that there is really a real innovation on here but the system on how to cash or funds circulates on the entire market we can really make these presumptions.

Exactly we can not do something about this because they can really do what they want if they have the resources and capabilities to do an ICO then let them and some on the telegram that had joined the ICO was always asking for an exchange on certain token because they really want to sell that Token from hard earn money instead of staying as a token forever, Who else doesn't want that? Or they can simply sell that token and buy for some leading Cryptocurrency especially bitcoin, And In my opinion if there are ponzi cryptocurrency out there, There are still legit and we can say a trustworthy Coin that we can choose.

Mahanton

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Quote from: olumyd on August 03, 2018, 01:00:08 AM

Is there something that could be done about upcoming ICOs with nothing to show (no MVP), to reduce the risks of investing in projects that will just flop?

Theres nothing we can do on how to stop those useless projects would flood out the entire market as long there are greedy people do tend to make a scam project just to make a good quick bucks from investors.
I do agree on some of your points that crypto is somehow a Ponzi but not generally yet we do know that there is really a real innovation on here but the system on how to cash or funds circulates on the entire market we can really make these presumptions.

adroitful_one

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1GhxHtabWhEpdb7e7oEJ2vd542n33BwTHR

I mean, I guess in a way that getting more people in on the crypto world would increase the price since there's more demand, then that way is a ponzi. Other than that, I don't see how you could consider it a ponzi. Is fiat money a ponzi? It's basically the same thing except crypto is digital.

apimembership

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some of them rely on ponzi but most of them are not . Some of them are scam etc. It goes like that. I can't say whole cryptocurrencies are ponzi.

nsasuiteb

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BAILOUT

Most tokens are not ponzi but totally a scam or investors are mistaken when investing in them seeing them as security. But there are ponzi coins as well.

allahabadi

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Anything and everything is a Ponzi...

What matters is, till when can it sustain...

Life itself is a Ponzi...

But yeah the Blockchain tech is revolutionizing the tech industry and is here to stay...

hitrawal91

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Crytpocurrency are not ponzi and i don't think its not even near to ponzi and i personally take the cryptocurrencies purely a trading business just like stocks, forex and commidities. I think that people are calling cryptocurrency a scams just because they have been scammed or praticpated or invested in scam and shit projects which has no value and no demand in the market.

Mark13

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As I noticed, even a small problem, they try to incorporate it with blockchain and conduct an ICO. They took crypto as opportunity to create profits eventhough their project is so common. Doing referal airdrops to get big community and be hype. It is difficult to find nowadays a real ICO who is serious on the real essence of using crypto.

cryptoadobo

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Crypto currency now are seeking to be the next bitcoin with its decentralization scheme that is why many are trying their luck to get a community based with enough hypes to support its blockchain technology. But at the end of day investor are only seeking profits and sometimes not really supporting the goal and purpose of its project.

demenBTC

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all the goals of ico are to penetrate the famous market as the future development of their coins / tokens, the main support is investors as a ladder leading to a high price peak

olumyd

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Quote from: Crypto_lion on August 03, 2018, 01:58:57 AM

Lol how can you generalise the entire crypto currency segment as a scam? Yes there are scam ico which loot ico of their money but it also exists in every field.

This is why it's very bad for cryptocurrency -

a mentality like this:

Quote

...but it also exists in every field.

- so should we continue to accept that and ignore the reality that many good and prospective projects suffer a terrible fate because of the mistakes of faulty projects.

&

Quote

...Yes there are scam ico which loot ico of their money...

, in a system that is yet to be regulated and is in constant view of critics; should that be condoned?

tabas

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That's how the ICO became hype due to the reason that they can solve problems that are existing in the industry. But reality speaking, all of them have the same purpose of gathering funds and to make their coin tradable to almost everywhere. Are you also sick of these ICO's that are becoming too obvious that they are only doing it for money making purposes?

jeffthebaker

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ICO model is essentially a new approach to venture capital. Yes, most will fail, but that's nothing new in world of startup investments. You invest for the hidden gems that will net 100x or 1000x returns. Most will fail but those investing have sn obligation to do their research and understand how the market operates at a basic level.

Crypto_lion

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Lol how can you generalise the entire crypto currency segment as a scam? Yes there are scam ico which loot ico of their money but it also exists in every field.

Topic: Is cryptocurrency a ponzi? - page 3. (Read 2022 times)