Topic: Is Cryptocurrency One Big Ponzi Scheme? - page 7. (Read 18123 times)
I do not think cryptocurrency can be considered a ponzi scheme. The ponzi scheme is based on a certain centralization, while the crypto market is totally decentralized. If coin prices are very fluctuating during this period, it does not mean it has anything to do with the ponzi scheme. Simply, investors are expecting a higher decline in currency prices.
Everyone is entitled to what he or she believes i mean people just make up somethings without proper investigations and proper research its not a pozi scheme its a technology the world is about to adapt to
The basic underlying idea behind the use and creation of cryptocurrency is to present financial freedom to everybody no matter where you find yourself in this world. But the volatile nature of these digital currencies got me thinking, what if the whole idea of blockchain and cryptocurrency is just one giant Ponzi Scheme? Within a short period of time, there have been about thousands of cryptocurrencies created. Majority of these digital currencies are either trying to solve problems of a particular cryptocurrency by presenting solutions they think can help improve financial freedom. This usually gets me wondering and thinking. If you don't agree with me on this, please share your thoughts... 
well, if that is your opinion then why are you still following the signature campaign? isn't that contrary to what you think.
I don't think this is as simple as you described
Honestly, crypto currency can be used not as an investment place but can be used as a transaction tool or as a money transfer tool.
I first heard about the ponzi schame, which always occurred at the place of investment that was carried out by one party and offered to individuals to be a chain, but I did not understand why OP defined crypto currency as a ponzi schame place only because of price volatility.
You doubt you can overcome ponzi schame by reading what a Ponzi Schame is and looking for what Ponzi Schame is like. Every information that you read should be able to digest first, first understand the so as later when you say an opinion is not wrong.
I first heard about the ponzi schame, which always occurred at the place of investment that was carried out by one party and offered to individuals to be a chain, but I did not understand why OP defined crypto currency as a ponzi schame place only because of price volatility.
You doubt you can overcome ponzi schame by reading what a Ponzi Schame is and looking for what Ponzi Schame is like. Every information that you read should be able to digest first, first understand the so as later when you say an opinion is not wrong.
Crypto (Bitcoin and good alts) is not a ponzi scheme. Even if price dropped the entire 2018, I continue to hold my crypto, no matter what.
If lose is the answer, then let it be. I still believe crypto is the future.
But we cant guarantee witch coin is the next big thing/facebook/google etc
If lose is the answer, then let it be. I still believe crypto is the future.
But we cant guarantee witch coin is the next big thing/facebook/google etc
Isn't a big Ponzi Scheme, is just a big speculation business, that's all. It would be Ponzi only if one man run at the end with the money, but that can't happen to bitcoin, It's nature doesn't allow it. If you want to have a better understanding about ponzi schemes, better take a look to https://en.wikipedia.org/wiki/Ponzi_scheme
Not necessarily ponzi but one of its kind def!
~snip
This usually gets me wondering and thinking. If you don't agree with me on this, please share your thoughts...
You should be thinking first about the definitive means of Ponzi scheme and cryptocurrencies, and you also need to wonder about how cryptocurrencies have a huge benefit for us Instead of posting nonsense backed by the uneducated minds, try to get your brain literate first. This usually gets me wondering and thinking. If you don't agree with me on this, please share your thoughts...
Crypto is more like a nerdy way or payment on the internet. Nothing that I doubt that it's created with bad intentions or stuff. Satoshi purely created it a mean of payment without exposing yourself.
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The basic underlying idea behind the use and creation of cryptocurrency is to present financial freedom to everybody no matter where you find yourself in this world. But the volatile nature of these digital currencies got me thinking, what if the whole idea of blockchain and cryptocurrency is just one giant Ponzi Scheme? Within a short period of time, there have been about thousands of cryptocurrencies created. Majority of these digital currencies are either trying to solve problems of a particular cryptocurrency by presenting solutions they think can help improve financial freedom. This usually gets me wondering and thinking. If you don't agree with me on this, please share your thoughts...
I don't think that cryptocurrency is a Ponzi Scheme because we are still in the younger than the fiat itself and I am sure that there are a lot of things we need to do to develop or fix in everywhere so it can works properly for every people.
I am sure that digital fiat is an evolve from the traditional fiat which will exist in the future. Look around us, and now we can pay something with a debit/credit card, we can send the balance from one account to another account. Maybe if you already use a payment system which can load our money into our android phone and we can pay using our balance from the phone, that is a new evolution of the fiat itself. And this will happen too with the cryptocurrency in the future.
It's very weird and funny that as at this age people still have some outdated perceptions that cryptocurrencies are some sort of ponzi scheme. Upon all the developments and the wide spread of how cryptocurrencies are being used to make purchases of items on some registered marketplaces.
Yes.I think we cannot let them change what they believed but we can give them proofs that bitcoin is not a big ponzi scheme.Having survived on its 10 years of existence is not that easy.If its only a sort of ponzi scheme,then it should have died in just a short period of time.But majority of people chose bitcoin to let it stay because they have seen already its potentials not just in the past but even in the years to come. I don't think bitcoin is a Ponzi scheme. In this world,a huge number of smart people, and for 10 years of cryptocurrency existence, someone would have realized that bitcoin is a big fraud and should not be trusted. But we see that it continues to develop, improve and only gain more trust.
Yeah, 10years is enough for me to say that this is not a ponzi scheme and bitcoin is here to deliver a good service. Volatility is just only the difference but it doen’t mean its a ponzi scheme, you can know it if you’ve done enough study about it. Invest now, and you will experience good things soon.
It's very weird and funny that as at this age people still have some outdated perceptions that cryptocurrencies are some sort of ponzi scheme. Upon all the developments and the wide spread of how cryptocurrencies are being used to make purchases of items on some registered marketplaces.
Everyone is entitled to what he or she believes i mean people just make up somethings without proper investigations and proper research its not a pozi scheme its a technology the world is about to adapt to
Yeah that's what outsiders believe, they will strongly believe in the government's paid media, that bitcoin is just a scam and ponzi investment, that is detrimental to you and many fools people who believe it
The basic underlying idea behind the use and creation of cryptocurrency is to present financial freedom to everybody no matter where you find yourself in this world. But the volatile nature of these digital currencies got me thinking, what if the whole idea of blockchain and cryptocurrency is just one giant Ponzi Scheme? Within a short period of time, there have been about thousands of cryptocurrencies created. Majority of these digital currencies are either trying to solve problems of a particular cryptocurrency by presenting solutions they think can help improve financial freedom. This usually gets me wondering and thinking. If you don't agree with me on this, please share your thoughts...
I dont think cryptocurrency is Big Ponzi Scheme. Its totally different because its open and secure market. Cryptocurrency is technology and already proven technology. Many reputable company and banks will adopt this technology and i think crypto will growing and survive in this bear market
To be honest, the cryptocurrency market reminds me very much of all this, but most likely this is not
The basic underlying idea behind the use and creation of cryptocurrency is to present financial freedom to everybody no matter where you find yourself in this world. But the volatile nature of these digital currencies got me thinking, what if the whole idea of blockchain and cryptocurrency is just one giant Ponzi Scheme? Within a short period of time, there have been about thousands of cryptocurrencies created. Majority of these digital currencies are either trying to solve problems of a particular cryptocurrency by presenting solutions they think can help improve financial freedom. This usually gets me wondering and thinking. If you don't agree with me on this, please share your thoughts...
There is no correlation between blockchain technology and ponzi scheme the fact that many cryptocurrencies are highly volatile in nature in term of their prices does not necessarily mean that they are scams and fraudulent this had been one of the greatest fears of would be investors of crypto having had the bad experience of investing in MMM fraudulent scheme. 
I don't think bitcoin is a Ponzi scheme. In this world,a huge number of smart people, and for 10 years of cryptocurrency existence, someone would have realized that bitcoin is a big fraud and should not be trusted. But we see that it continues to develop, improve and only gain more trust.
Ponzi schemes were the one that were created to cheat the people. Bitcoin is entirely different, it is innovated for the betterment of the human. Due to some negative usage it got termed as a ponzi scheme. In specific as each and everything related to bitcoin happens through internet, some used it a source to cheat other. This is how it got mentioned as ponzi. One who understands it better as well has benefited out of it will never describe it a ponzi.
This is quiet an interesting assumption you have here but I don't think the idea of cryptocurrency is a ponzi scheme. This is actually based on a technology which provides a decentralized environment where everybody has the opportunity to decide on how to provide services online. To add to this, cryptocurrency and blockchain works like the banks but with this system, it provides an environment where people have the financial freedom to send or receive any amount of funds easier and faster with lesser fees as compared to that of banks. This your post deserve to be merited.
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