Topic: People call bitcoin a fraud or ponzi scheme - page 2. (Read 4501 times)
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
Those who called the bitcoin fraud or Ponzi scheme doesn't understand the importance of bitcoin and how does use it to make money. They just lose their money in it due to insufficient knowledge of cryptocurrency. Or they make their investments without studying the project or lending platforms.
I want to say clearly that who ever calls Bitcoin a fraud or ponzi scheme is a complete ignoramus. Such people even if you give them a 6 hour discussion trying to enlighten them, they may never heed to anything you say, and will continue to wallow in their ignorance state of life, understanding and belief.
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.
Different people have different opinions about bitcoin. According to some it is useful and profitable thing for them. Where as according to some people its is scam and it does not a profitable thing. Many people like this mind set also considering bitcoin as pornzi scheme. Bitcoin volatile nature is the biggest problem of it. Because of this its price fluctuate time to time. And many investors loss their investment and consider it as bubble or pornzi scheme. According to them it increase market price is and all other benefits is just for show off.
BITCOIN is not a fraud not a ponzi scheme.
But there are so many people in the market who are using BTC to run ponzi.
There are so many scam and fraud act in the internet using BTC.
That is the true thing we are having now.
But there are so many people in the market who are using BTC to run ponzi.
There are so many scam and fraud act in the internet using BTC.
That is the true thing we are having now.
Yes, a lot of people are not happy with Bitcoin and the reasons are:
1- they just heard that BTC is a MAgic Machine to Make Big Money Super Quick
2- they have no idea about crypto
3- they have no idea about investment
4- they have no heart to take the market risk - their interest is only making quick money, getting rich in short cut.
5- ponzy cons took the chance
6- those people lpst some money or their money is locked down in loss - nothing else.
so, when they hate BTC, they actually hate their own greed and ignorance...
1- they just heard that BTC is a MAgic Machine to Make Big Money Super Quick
2- they have no idea about crypto
3- they have no idea about investment
4- they have no heart to take the market risk - their interest is only making quick money, getting rich in short cut.
5- ponzy cons took the chance
6- those people lpst some money or their money is locked down in loss - nothing else.
so, when they hate BTC, they actually hate their own greed and ignorance...
Ignorant people think that investing money in bitcoin can instantly get rich. And without getting the expected result, they really consider bitcoin a fraud.They do not know anything about blockchain technology and they do not even suspect the existence of other crypto-currencies. I don't consider bitcoin a fraud. Otherwise, it would not have existed on the market for many years and would not have had such popularity around the world. As you know fraudulent schemes are quickly disclosed and do not live long.
The bitcoin is not Ponzi scheme ofcourse, it would never. Ponzi's system was totally different, he took money from people and gave them back with interest that was all.. How the people can say it is the same? Ponzi was one man, bitcoin is a big complicate system working with the blockchain. Some people wants to label bitcoin and saying stupid things about it. Please stop to do that..
Unfortunately, not all people have managed to understand and realize all the benefits of cryptocurrency and its prospects. And those who are little versed in this matter, begins to classify bitcoin as fraud. But I hope that with time they will realize bitcoin, blockchain, etc., and will actively use these technologies.
As for bitcoin-it's not fraud, not cheating or anything like that. This is a reliable technology that has been developing for quite a long time and has managed to gain trust in the world. So I don't know why you ever thought to compare bitcoin technology with fraud.
Everyone knows Bitcoin and buys Bitcoin reserves for their profits. Any idea that Bitcoin is a scam is unproven. Rumors suggest that Bitcoin scammers only aim to make Bitcoin fall in price. I think these rumors need to be reviewed and not be allowed to affect Bitcoin.
and I say Bitcoin is a miracle, technological progress, savior, and profit. whatever else you say about Bitcoin, don't listen too much, but indirectly Bitcoin uses a Ponzi scheme, but the system is good and so it's not a scam..
this is the nature of human beings who are supportive and there are those who speak badly. it is clear that bitcoin provides great benefits, for all holders who can manage properly. profit and loss all depend on the business that is done. always thinking smart will bring many benefits. 
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. you know better if you are a crypto user for so long. so you know what crypto can do to humanity.
it is very true what you say in your opinion that people who value cryptocurrencies from the negative side of course they are not sure and believe in investing using cryptocurrencies and of course they lack understanding and understanding what crypto currencies are and all forms of investment 
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.
We don't blame the people heart breaking about bitcoin because they know that their experienced of fraud is exactly being terrible during those time they spend for bitcoin, but I hope that they will not quit for being a Bitcoin member or user because soon there will have good transition of price and it might be a good chances to their capital loose and back the individual wallet. don't be discourage guys just be patience and wait for a good time.
yes, anyone can call it a ponzi scheme or fraud, it's their right for people who don't understand bitcoin properly. and I also agree that something that is worldly is fraud. as you demonstrated above. but I think that it's all about someone's interest in something that won't be the same as other people. when someone wants to buy bitcoin, maybe he has been interested and what he does is the right decision. maybe also because of the quality factors and benefits that make them want to buy even though the price is expensive. and it doesn't make sense, people who say bitcoin is ponzi or fraud. because they don't learn more.
If you think that bitcoin is a fraud or ponzi scheme and you are not convinced to be a part of it, then you can just step aside and let the people that believe in it invest. Some people called it fraud in the year 2009 and today they are blaming themselves.
I think it is not agreeable if bitcoin is said to be a Ponzi. This is because bitcoin has a different system in terms of payment. I believe that it can grow negatively as a competitor between payment instruments.
bitcoin is very unsuitable to say as ponzi because bitcoin has many benefits for everyone, starting from digital payments without any boundaries between countries, then the technology in bitcoin can be developed for the benefit of many people
and I say Bitcoin is a miracle, technological progress, savior, and profit. whatever else you say about Bitcoin, don't listen too much, but indirectly Bitcoin uses a Ponzi scheme, but the system is good and so it's not a scam..
They only said because they don't really understand the flow of Bitcoin 
we cannot blame others think that bitcoin is a fraud thing because one of the reason is enough knowledge of crypto currencies so we must help them understand crypto. Spread good news about bitcoin
we cannot blame others think that bitcoin is a fraud thing because one of the reason is enough knowledge of crypto currencies so we must help them understand crypto. Spread good news about bitcoin 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.
Anyone can call it fraud or a scam because they are misinformed and have less knowledge on how blockchain works and as a matter of fact most people share FUDS that can cause other investors to panic but actually its not a fraud but a blessing to all of us because its existence have change the lifes of many. Jump to: