Topic: People call bitcoin a fraud or ponzi scheme - page 14. (Read 4501 times)
people who call bitcoin as either fraud or ponzi scheme has no in depth understanding regarding cryptocurrency. but once they fully understand it, they will love crypto at all angles. a lot are still beginners or just starting to know bout crypto, so expect various opinions arising, good or bad perspectives.
For my opinion bitcoin call a fraud and ponzi scheme because all the people using BTC for their own interest of investment. And then after they have a BIG profit for the scheme they actually leave their project and then after that the BTC will catch all the negative to their company that build and people who invested to their scheme will now believe that BTC is fraud or ponzi scheme. It's happen a lot on our country.
We cannot deny what others say, but we can ignore what they say. Basically bitcoin is the same as other commodities, if the price goes up it certainly benefits investors who buy at low prices if there are many requests, of course the price will rise. In my opinion, even though negative news continues to spread in fact bitcoin still has the opportunity the big one to continue to grow, because the bitcoin age is only 9 years old so the space to grow is still wide open.
I still wonder why people will liken bitcoin to fraud and ponzi scheme all just because the stability is lossing and the rise and fall in prices is dominating within some fixed range. However that is their side of story, but to us bitcoin is not a fraud, we invest and we know the power of bitcoin no matter what people will say. Bitcoin will still be bitcoin not fraud.
It is not suprising to hear some people say that bitcoin is scam or a ponzi scheme.
This is because, I believe that not everyone properly understands what bitcoin means and also it's potentials.
This is because, I believe that not everyone properly understands what bitcoin means and also it's potentials.
Anyone can call it ponzi scheme and fraud but if you think of it, everything worldly is fraud. You buy apple products with thousands of dollars but how much are they really worth? Why would people give out thousands of dollars for a macbook when they can buy a laptop for $300? Is it really worth that much or is it just another ponzi scheme that apple is bringing to the world better gadgets than any other brands? So we're talking about bitcoin now. What are we really paying for when we buy bitcoin? We pay for an online program and the people running the program helping transactions go through, or we call mining. Miners put in so much time and most especially the cost of mining is so much. That is merely the reason why bitcoin will cost much and if incase it will dive too low and will not be enough to pay for miners, then that could be the time bitcoin will die, or not.
Individuals who call BTC as either fraud or ponzi scheme has no inside and out understanding in regards to cryptographic money yet in the event that they set aside their opportunity to peruse some article about BTC they truly comprehend and learn they will see that BTC is entirely unexpected they just make their own particular decisions without taking in reality of BTC particularly to the amateurs they hard to rapidly comprehend BTC.
bitcoin is not fraud or ponzi scam. The real ponzi are the sites that give free bitcoin but not.
example, if you invest in a site that can double your bitcoin. but in the end you fuck up. and your bitcoin get scam.
i advice that plan before you invest...
example, if you invest in a site that can double your bitcoin. but in the end you fuck up. and your bitcoin get scam.
i advice that plan before you invest...
They expected to be better off the moment they invested in but the idea of bitcoins is not as they think, hence they will tag it as a ponzi scheme or fraud.
People will always have a say to everything eventhough they aren't fully aware to the factual situation so why bother dealing with it? The individual that says bitcoin is a ponzi scheme or fraud or scam or any related tag to that are those who doesn't know how bitcoin and other coins are such a wonderful thing and can actually help you in financial aspect. They think that it is a scheme or fraud maybe because they experienced it or just brag that they don't like it. Still, bitcoin for others are a good asset you could ever have.
they are not aware what is ponzi scheme or not, if they are calling this.
I have asked at least 20 people individually about what they understand with bitcoin. So surprising to find out that all they know is that bitcoin is scam. It only leads me to the conclusion that it really needs to study and make research to something you didn't know before giving your point of view to something. The fact that what they only see in TV news and social media are the bad side of bitcoin due to people using it for scams. If people would just do their research about it, they would reconsider that bitcoin is not that bad at all.
If they can learn more about bitcoin in the first time they join in bitcoin, I am sure that they know that this is what happens with bitcoin and it always happens over and over again so they can prepare something and they preventing from the loss.
They are very wrong ,bitcoin is digital cryptos circulating in the digital world like real fiat money, can be use as payments.Fast transactions,security is prominent among all the other pros.However the miss use of this great innovation forces people to talk down of it.
Those who are not educated with cryptocurrency or lack of the needed informations about bitcoin would tell that bitcoin is a fraud or ponzi scheme, but they are very wrong ,bitcoin is digital cryptos circulating in the digital world like real fiat money, can be use as payments and can purchase in the establisment that accept bitcoin, and it also as investment purpose.
no in depth understanding about Bitcoin is the reason why they said that. Together with the development of blockchain, I think we can believe in bitcoin’s future.
Never mind. No matter what they call bitcoin. It still develops and I believe it will become official currency one day.
They call bitcoin a fraud or ponzi scheme just because they are lack of knowledge of bitcoin and how it work and bring benefit to community.
Frankly speaking bitcoin has both its pros and cons.In one hand, bitcoin is a great innovation which raise financial aspects in to a whole new level. The benefits obtained by its decentralization is immense. Fast transactions,security is prominent among all the other pros.However the miss use of this great innovation forces people to talk down of it. However, more than ever now, people are well aware of block chain and its benefits. So the criticism has reduced. In my perspective what everyone should understand is the evolution of currency will happen somehow although there are criticisms.
Life depends on thinking and the result of our good as well as bad experience which we are faced in our life during the dealing someone. People call bitcoin ponzi scheme because many of cheat fund company run the fake website which is related to investment in bitcoin. And also people who have lack of knowledge and experience about cryptocurrency they called bitcoin fraud or ponzi scheme in their misunderstanding manners.
Yeah, because other people already experience being scammed using bitcoin but bitcoin is just a currency used by scammers, people must learn the difference from this.
Well it's their own faults that they've fallen for ponzis believing that it's easy and quick money. And then it'll be easy to point a finger generally at bitcoin for their own lack of understanding
Well, fraud or scam has a basic intention of scamming the people and stealing their money but when it comes to the Bitcoins are cryptocurrencies, it is something that is still in the basic phase of development and no one is sure what is going to happen down the road. Classifying it as a scam doesn't make any sense because those who argue don't have satisfactory evidence to support their argument. I am not saying that Bitcoin will succeed for sure but it is highly likely to transform the way we live today. Exponential growth over the period of time is the positive indicator of what might happen in the future.
Anyone can call it ponzi scheme and fraud but if you think of it, everything worldly is fraud. You buy apple products with thousands of dollars but how much are they really worth? Why would people give out thousands of dollars for a macbook when they can buy a laptop for $300? Is it really worth that much or is it just another ponzi scheme that apple is bringing to the world better gadgets than any other brands? So we're talking about bitcoin now. What are we really paying for when we buy bitcoin? We pay for an online program and the people running the program helping transactions go through, or we call mining. Miners put in so much time and most especially the cost of mining is so much. That is merely the reason why bitcoin will cost much and if incase it will dive too low and will not be enough to pay for miners, then that could be the time bitcoin will die, or not.
Bitcoin does not qualify as a "Ponzi Scheme". However, it may qualify as a "Scheme". Did you see the craziness that happened yesterday? With the manipulation?
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