Topic: It's over. The Ponzi scheme is coming down. Goodnight sweet bitcoin. - page 5. (Read 9922 times)
December 17, 2013, 10:54:57 PM
So much for 'free' and 'liberated' currency.
December 17, 2013, 10:50:58 PM
I still don't get what "Bitcoin is finished" is actually supposed to mean.
December 17, 2013, 10:33:57 PM
The only way this would be a ponzi scheme is if mtgox was actually spending YOUR USD and BITCOINS behind the scenes while you believe you have them in your account and thus making the system insolvent.
They make more legitimate money off the trading fees over time than they would profit by stealing your money. If you don't feel safe here or there or whereever you are take your shit out of the system like... right now.
They make more legitimate money off the trading fees over time than they would profit by stealing your money. If you don't feel safe here or there or whereever you are take your shit out of the system like... right now.
December 17, 2013, 10:32:33 PM
It's over. Bitcoin is finished. Good riddance to this little Ponzi scheme.
Oh thank God. You have no idea how glad I am to see this. It's been awhile... December 17, 2013, 10:32:00 PM
I wouldn't say it is a ponzi scheme, but it does seem like it. What worries me is this:
that 11,000 individuals owns more than 75% of the entire market. And 47 individuals own 28.9% of the market.
that 11,000 individuals owns more than 75% of the entire market. And 47 individuals own 28.9% of the market.
When those 47 and 11,000 individuals buy mansions, yachts, private jets, and companies, their bitcoins will flow into the economy and be redistributed throughout the population of people who worked to provide the value that the bitcoin owners purchased.
December 17, 2013, 10:27:44 PM
OP wasn't paying attention. Bitcoin died in 2011. Wired clearly said so.
December 17, 2013, 10:26:34 PM
I wouldn't say it is a ponzi scheme, but it does seem like it. What worries me is this:
that 11,000 individuals owns more than 75% of the entire market. And 47 individuals own 28.9% of the market.
And this is worse than the Bankers how exactly? that 11,000 individuals owns more than 75% of the entire market. And 47 individuals own 28.9% of the market.
December 17, 2013, 10:25:42 PM
chart doesnt matter, its like any other successful business investment ever.
December 17, 2013, 10:23:36 PM
Here is the thing though, like any of those 47 individuals or less, could just destroy some ppl's lives with barely any of their holdings...
This is exactly what makes bitcoin a Ponzi scheme. By buying into bitcoin and driving up the price you're just making the early adopters ricer.
That's how stupid people are.
A sucker is born every minute.
If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a currency that doesn't even exist, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC stock and more time getting remedial education.
To all the lurkers out there:
The above pie-chart was created by the MSM using estimates from Risto's post here: https://bitcointalksearch.org/topic/distribution-of-bitcoin-wealth-by-owner-316297. Please refer to the actual post before concluding anything about the OP.
Also remember that there is no way to actually know what the bitcoin distribution by owner is. The above chart is simply an estimate that Risto made with the help of other forum members. The MSM then disseminated it as fact.
December 17, 2013, 10:22:09 PM
Here is the thing though, like any of those 47 individuals or less, could just destroy some ppl's lives with barely any of their holdings...
This is exactly what makes bitcoin a Ponzi scheme. By buying into bitcoin and driving up the price you're just making the early adopters ricer.
That's how stupid people are.
A sucker is born every minute.
If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a currency that doesn't even exist, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC stock and more time getting remedial education.
why are you here exactly? nobody is forcing you into crypto & nobody is asking for your help to inform them.
December 17, 2013, 10:21:57 PM
The OP posted once in 2011, in Chinese, and then not again until 2013 with all his negative posts - and now always in English. Check out his posting history.
It appears his mission is an attempt at market manipulation through spreading negativity.FUD
It appears his mission is an attempt at market manipulation through spreading negativity.FUD
December 17, 2013, 10:20:15 PM
It's just a small setback; long term Bitcoin is always going up.
December 17, 2013, 10:19:22 PM
Here is the thing though, like any of those 47 individuals or less, could just destroy some ppl's lives with barely any of their holdings...
How can you be so sure that those large holdings are held by individuals and not bitcoin related companies / co-ops?
December 17, 2013, 10:15:02 PM
Here is the thing though, like any of those 47 individuals or less, could just destroy some ppl's lives with barely any of their holdings...
This is exactly what makes bitcoin a Ponzi scheme. By buying into bitcoin and driving up the price you're just making the early adopters ricer.
That's how stupid people are.
A sucker is born every minute.
If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a currency that doesn't even exist, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC stock and more time getting remedial education.
December 17, 2013, 10:08:32 PM
Here is the thing though, like any of those 47 individuals or less, could just destroy some ppl's lives with barely any of their holdings...
December 17, 2013, 10:05:37 PM
Your the tenth BTC is dead thread today. YAWN
December 17, 2013, 10:01:47 PM
I wouldn't say it is a ponzi scheme, but it does seem like it. What worries me is this:
that 11,000 individuals owns more than 75% of the entire market. And 47 individuals own 28.9% of the market.
that 11,000 individuals owns more than 75% of the entire market. And 47 individuals own 28.9% of the market.
B-but muh free currency! Muh new paradigm!
December 17, 2013, 10:00:42 PM
Now that China is banning bitcoin, don't expect the crash to stop. The best thing to do right now is to get out when you still can. This time around there will be no dead cat bounce, bitcoin crashed right in the centre of media attention and any faith gullible idiots still have in it will be destroyed.
It's over. Bitcoin is finished. Good riddance to this little Ponzi scheme.
It's over. Bitcoin is finished. Good riddance to this little Ponzi scheme.
Send your coins before its too late to do so.
December 17, 2013, 09:59:23 PM
Cry baby cry..
I just bought all your coins @ $658. Thx for those cheap coins, appreciate that.
I just bought all your coins @ $658. Thx for those cheap coins, appreciate that.
December 17, 2013, 09:59:07 PM
I wouldn't say it is a ponzi scheme, but it does seem like it. What worries me is this:
that 11,000 individuals owns more than 75% of the entire market. And 47 individuals own 28.9% of the market.
that 11,000 individuals owns more than 75% of the entire market. And 47 individuals own 28.9% of the market.
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