Topic: People call bitcoin a fraud or ponzi scheme - page 19. (Read 4501 times)
I don't see any difference between bitcoin and gold when talk about such subjects. If bitcoin is a ponzi scheme, gold is a ponzi scheme too, But sadly, most of the people don't know bitcoin.
People who call bitcoin as either fraud/ ponzi scheme has no in depth understanding regarding cryptocurrency but if they take their time to read some article about bitcoin they really understand and learn they will notice that bitcoin is totally different they only make their own conclusions without learning the true of bitcoin especially to the beginners they hard to quickly understand bitcoin.
well different folks and their opinion about things. so far bitcoin has been called lots of names, fraud and ponzi scheme being one of them. but to me bitcoin is the most amazing thing the world has seen, changing the means of transactions. i believe in years to come, the world will come to accept and adopt the use of bitcoin fully.
I absolutely agree with you. I believe that people who call it Bitcoin absolutely do not understand crypto currency and in the future will stop thinking like that.
Those who call bitcoin and blockchain fraud and Ponzi scheme simply do not understand anything in this area. And the skeptics mostly don't mean anything just empty words.
Do not pay attention to the opinion of haters. In general, there is a lot of fraud in our life. Even the dollar is a soap bubble. And this does not prevent him from being a world currency.
That's because they don't even understand the meaning of both words, but from the little time I have spent and even hear people talk about bitcoin I can say bitcoin is neither fraud nor ponzi scheme, it was created to decentralized financial movement,which we are hoping it will one day take over banking world,I can see great future ahead of bitcoin better than people talking it for what is not.
That's very much in line with my thoughts as well. Bitcoin has provided us with a new lens of knowledge; the technology of blockchain and this knowledge will prosper regardless of the labels its propagator gets.
That's because they don't even understand the meaning of both words, but from the little time I have spent and even hear people talk about bitcoin I can say bitcoin is neither fraud nor ponzi scheme, it was created to decentralized financial movement,which we are hoping it will one day take over banking world,I can see great future ahead of bitcoin better than people talking it for what is not.
The truth is very simple. It does not necessarily matter what anyone labels Bitcoin. The choice is always yours to make individually. One can actually sit and listen to all the bull crap. Or you can do your own personal research and clear the air. Of a fact, Bitcoin cannot be called ponzi or fraud. This is because of a very simple reason. It is backed by a substantial technology that's recognized and utilized even by big organizations like UEFA. So, anyone can believe whatever they choose to.
They call Bitcoin ponzi scheme because they don't truly understand it. Bitcoin was never created to be a ponzi scheme and it will never be. Let them study it well to know more about and distinguish it from a ponzi scheme.
Anyone can call it ponzi scheme and fraud but if you think of it, everything worldly is fraud.
People calling bitcoin a Scam are just idiots. They do not try to understand the essence of technology, but simply believe in what they say on TV.
Any new technologies are criticized. It was always, nothing to be surprised. Each sphere has two sides, one side believes, the other side criticizes and then regrets. So it was always
who said it might influence the effect of the circulation of negative information about bitcoin. but if they know bitcoin from the beginning, or want to find out the initial mission of starting bitcoin, they will definitely say 'extraordinary'!
Bitcoin is not a fraud neither a ponzi scheme.I see bitcoin as a great future.
Bitcoin like Dollars or any other fiat is not a ponzi/fraud, however people can use them for ponzi/fraud.
Before anyone buys Bitcoin, the person should understand that this is not a shortcut to making more dollars but helping create a decentralised financial system that we one day hope will break the chain of bankers over our lives.
Before anyone buys Bitcoin, the person should understand that this is not a shortcut to making more dollars but helping create a decentralised financial system that we one day hope will break the chain of bankers over our lives.
I don't really mind what they call bitcoin. I grew tired of listening to people bad mouthing it. Call it whatever they want but I am staying with bitcoin. I am earning pretty good here even greater than my regular paying job. While they are talking thrash about bitcoin, I am here on the other side enjoying bitcoins benefits.
I am not confident that I have a deep understanding about bitcoin but I am sure that it was not a fraud or Ponzi scheme. People who thinks that it was some kind of scam needs to be enlightened and open their mind about it. It was here for many years and many people already earn on it so how it become scam.
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 is store of value and its not a buble. We are buying bitcoin because its safe as an asset and hard to hack. Bitcoin network working and proven. If bitcoin is ponzi scheme, i am believe Goldman Sachs wont buy Poloniex, Goldman Sachs realize bitcoin is true asset
Since I started to use bitcoin as source of income way back 2016, I always read that bitcoin is only a ponzi scheme but still I continue to search on how to be able to earn more on BTC. Maybe there are times when I'm still newbie that I got scammed by some doubler site but I don't stop to look for more ways to earn. I want to thank BITCOIN for being a ponzi scam because of it I can now help my spouse in our daily financial needs. 
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.
The thing is that if the bitcoin price goes too low then people will shut down mining bitcoin and then the cost of mining bitcoin will again go low, so the mining will again be profitable so the bitcoin will still not die even if the cost of mining is high then too there are a lot of backers of bitcoin which know that if the current cost of mining bitcoin is looking high then they will just sell enough coins to cover the electricity fees and will sell rest of the coins in future when mining bitcoins will again become profitable. Jump to: