Topic: People call bitcoin a fraud or ponzi scheme (Read 4501 times)
Those people who think that bitcoin fraud think plays greed and indecision to buy it in the past ! I do not agree that bitcoin is a fraud !
It is not new on that bitcoin is accusing fraud or ponzi scheme people are the reason why bitcoin is called that they use the name of bitcoin to scam to their victims.
I think they invest in crypto ponzi project and think what all of there working by the same scheme
dont believe them, bitcoin and cryptocurrency is not a fraud or a Ponzi scheme, as we know that cryptocurrency and bitcoin is the digital currency that we can use everyday, anywhere and everywhere, if some people said bitcoin and cryptocurrency are fraud and ponzi scheme, they are the haters of bitcoin
yes, you're right, maybe they have a sad story about bitcoin. well, bitcoin will be very good based on its use, but when you use it for bad things, of course it can be fatal. well, from the past until now, I often hear people say that.
Calling bitcoin fraud or ponzi scheme means a great display. Some people do it deliberately while some do it in order to spread negative news while some people do it ignorantly. Bitcoin is changing lives and the earlier you are part the better.
People that call bitcoin fraud or ponzi scheme are those that falls into deception of programs that promise an unrealistic returns for a sepecific period. A true bitcoineer will not fall into such temptation of calling bitcoins as such.
These people are most likely our grandparents, living far from civilization, science and new technologies, propagating the old way of life, not believing in anything, perhaps already deceived earlier. For it is impossible not to believe and not to accept what has been working for a long time and is recognized by many people.
when people is lack of understanding of bitcoin, they call it" virtual world", "scam","fraud", or " ponzi sceme" blal blal bla,These people is impacted by the media social channel, they only consider with one side . However, once they understand they will love than anyone 
, I"m sure
, I"m sure
How can Bitcoin be a Ponzi scheme or fraud? A Ponzi scheme is built on treachery and lies. It lures investors and pays profits to older investors by using funds obtained from newer investors. Bitcoin does not work this way. It is a digital cash that can be used as a means of global payment transfer and investment.
For now, bitcoin has grown and I'm sure people who used to say or think that bitcoin is a fraud and ponzi schemes now have an awareness of bitcoin, because we have seen a lot of institutions in every country adopting bitcoin, which of course adoption will open their eyes about bitcoin and learn everything until they are aware of the potential of bitcoin.
Bitcoin will not die because it now part of the world economy. Bitcoin is all over the world now and more people are adopting bitcoin now more that 3 yrs ago. if bitcoin is a fraud why do people rush to be part of it including captains of industries who has gotten financial knowledge to what is and what not. If you also believe bitcoin is a fraud then stay away from it let those who knows it go ahead and be part of it. If there are also packaging to be done for bitcoin to be available let the developers do the needful to repackage the bitcoin and make it marketable.
You cannot blame people who thinks bitcoin is a fraud because some people are really using bitcoin for fraud or scam, also they can have their own opinion.
Bitcoin is not a fraudulent investment scam since nobody owns it solely, and since nobody does, who promises a high ROI with low risk anyway? Every trader or investor in the crypto universe knows the fact that bitcoin is highly volatile. So definitely, bitcoin itself is not a ponzi scheme. Those who are making fake mining investment sites which promises unbelievable returns of bitcoin, those are the scammers, not bitcoin.
Good catch with those expensive products but understanding why bitcoin is getting expensive as time passes by apply the law of supply and demand.
That's why those products that has been mentioned by OP is expensive because of that law too.
That's why those products that has been mentioned by OP is expensive because of that law too.
I think the people who compare bitcoin to the Ponzi scheme have little studied the first pyramid scheme and how Charles Ponzi organized it. He was selling stamps that hadn't even been released yet. Bitcoin is different. We cannot purchase more coins than there are currently. The bitcoin distribution process can be verified by any owner of this coin. I think we should put aside the idea that this is a pyramid scheme.
People have freedom of speech and they describe with their own opinions so now i would like to say that bitcoin is not a fraud it has many good features which was costly before now the buying and selling transactions are very fast and it is the result of bitcoin and crypto.
Bitcoin can be called fraud only if you completely will lose your money, and so, no one asks anyone to invest in bitcoin. Simply here is no guarantee that you will be able to multiply your investments and if you lose everything to you no one will return anything. Everyone should think with his head, but calling bitcoin fraud is too much.
in my opinion bitcoin won't die because bitcoin is a digital currency that is very useful for buying and selling online and some even say that bitcoin is the world's currency in the future because it is very easy to use without fear that our money will fall in the net
people who call bitcoin a ponzi scheme are people who don't understand bitcoin. they saw the amazing value of bitcoin last year which was amazing and after going up and down again so they considered bitcoin as a ponzi scheme. but in fact bitcoin is not a ponzi scheme bitcoin is a digital coin made to avoid a monetary crisis that is usually caused by inflation of fiat currency. bitcoin is made with a decentralized system so it won't cause inflation. Bitcoin like gold is limited but in great demand so the price continues to rise and can be used as an investment and trading tool.
This is a clear sign of lack of understanding in the actual concept of Bitcoin. Most of these people calling Bitcoin a ponzi or fraud are influenced by the false news circulating about Bitcoin. It is very necessary that every crypto user become a great advocate and spread the good word about Bitcoin to the people to clear all misconceptions.
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