People call bitcoin a fraud or ponzi scheme - page 3.

tenakha

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Quote from: conected on October 24, 2018, 08:48:28 AM

Quote from: ?? on ??

Those people don't have any knowledge about bitcoin. They always tell that bitcoin is fraud or a ponzi scheme. And they believe on the negative news about bitcoin that are coming out.

- We can not say they are people without knowledge, they are just people who are affected by negative news, because the pressure and the spread of the bad news so fast, they can not have an accurate analysis and judgment about bitcoin, their knowledge is disturbed when too much bad news is said in their ears. We can even say they are victims of other people when many people are very selfish, always apply bitcoin to the scam program or do not want others know about bitcoin, share this pie, greed and selfishness of many users to make bitcoin a fraud in the minds of others

There is a reason why all of the most valuable things in the economy are worthwhile and each one is managed. Maybe people feel safe in the basic system, already in cryptocurrency there is nothing that can make sure it. The fact that the price of cryptocurrency is managed by nobody is the reason for this idea. Prove itself and more survival will change these ideas in the future.

terencio

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Bitcoin is not a fraud or a ponzi scheme. However, people who scam other use the name of Bitcoin scumbag business. When you type in your google search about online investment you will see a lot of scam investments and uses Bitcoin as the mode of payment.

Tashi

full member

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Quote from: blockaid.net on July 05, 2018, 06:09:15 PM

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.

People who calls Bitcoin a fraud or a ponzi scheme are usually scares about taking risks in investing into cryptocurrencies. Also, they may be also investors who failed to grow their investments because of wrong strategies. I agree, maybe they really have that prior knowledge about Bitcoin that’s why they’re concluding statements that are far from facts.

wahyu5

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Bitcoin is a crypto currency that has a high price and can provide large profits to each owner. Bitcoin is not a fraud or ponzi scheme, and those who spread negative news about bitcoin certainly have a specific purpose , which aims to benefit them, but we must believe that bitcoin is not fraud or ponzi, but an investment in the crypto currency in the long run long can give us considerable profits.

nazaididuan1

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One of the core features of the Ponzi scheme is: the money that enters the market after entering the market, but not the other way around.
Most people don't know enough about what technology Bitcoin uses!
The Bitcoin system itself is similar to the bank accounting system. It is a payment transaction system. It is not a scam, not a Ponzi scheme.

conected

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Activity: 1302

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Quote from: ?? on ??

Those people don't have any knowledge about bitcoin. They always tell that bitcoin is fraud or a ponzi scheme. And they believe on the negative news about bitcoin that are coming out.

- We can not say they are people without knowledge, they are just people who are affected by negative news, because the pressure and the spread of the bad news so fast, they can not have an accurate analysis and judgment about bitcoin, their knowledge is disturbed when too much bad news is said in their ears. We can even say they are victims of other people when many people are very selfish, always apply bitcoin to the scam program or do not want others know about bitcoin, share this pie, greed and selfishness of many users to make bitcoin a fraud in the minds of others

Indamuck

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Quote from: digitalcryptocoin on October 23, 2018, 08:16:17 PM

Yes it is actually.

There are many factors which leads to Bitcoin as Scam or Ponzi.

1) Its a Bobble No realistic value.
2) Problem with marketcap and value of BTC.
3) Distribution and circulation
4) Non regulated.

Bitcoin is nothing just a electronic tokens which can be held transact and generate electronically. There is no physical existence. Second most important thing is marketcap and price. BTC actually not acquire that much marketcap, its just assumed. Because when seller start selling price of BTC will be flatter down, but at the same time some whales making partial buying to take price to moon. Many newbies loss their equity due to such shit things.

The same thing can be said about government money. Fiat currency is a much bigger scam, its all controlled by a central banking system that can print money anytime they wish. The market has decided that bitcoin has value and demand. Even if you consider it worthless, its clear that other people consider it valuable.

digitalcryptocoin

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Yes it is actually.

There are many factors which leads to Bitcoin as Scam or Ponzi.

1) Its a Bobble No realistic value.
2) Problem with marketcap and value of BTC.
3) Distribution and circulation
4) Non regulated.

Bitcoin is nothing just a electronic tokens which can be held transact and generate electronically. There is no physical existence. Second most important thing is marketcap and price. BTC actually not acquire that much marketcap, its just assumed. Because when seller start selling price of BTC will be flatter down, but at the same time some whales making partial buying to take price to moon. Many newbies loss their equity due to such shit things.

princeyeboah

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People call Bitcoin fraud or ponzi because they lack knowledge in Bitcoin, the actual concept with which it operates and its benefits. Many of these people are misled by the governments which always post negative news about cryptocurrency. It is also the duty of all crypto users to create more effective awareness to correct this misconceptions in people.

mornabo

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Quote from: ljane on October 21, 2018, 05:43:04 PM

Since people of nowadays don't want to read more the always say what they do not know. When the see you sitting in front of your PC just for some few minutes to hours they think you are engaging yourself in fraud activities related to BTC which is false.

Thats right, it's because people are lazy to spend at least a few minutes reading what bitcoin and crypto are, but they prefer to
speculate on their own what bitcoin is, based on what they hear from the government, thats why they say like that

ruybanoya

newbie

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i think because many people don't understand bitcoin.

J Gambler

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Quote from: keycellko on July 05, 2018, 05:29:20 PM

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.

Mostly the newbies counting Bitcoin as Ponzi Scheme but the truth is, the website who is using Bitcoin as resources. Bitcoin is just a cryptocurrency however most of the websites are using Bitcoin and worse, they are the Ponzi ones. That's why mostly of the Users counting Bitcoin as Ponzi already.

Red_Evil

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Across The Universe

Quote from: basyang on October 22, 2018, 05:57:19 AM

Quote from: elachious123 on July 05, 2018, 05:32:53 PM

The fact is that everyone is entitled to their own opinion, that they call Bitcoin a ponzi scheme doesn't change any thing about the originality of Bitcoin. Such people have little knowledge about how the Blockchain technology works, they need to be enlightened

Yes. Indeed because of a wrong using of bitcoin it entitlex that its not because bitcoin is crypto and it is decentralized they can used it in their illegal activities. It can be a big effect in the crypto world and the inocent will involve too though they did not do any illegal activities. Its sad to hear that because instead of helping to support bitcoin to legalized it we are also the reason to destroy it.

for me it's just an expression of someone who hates cryptocurrency or bitcoin so we don't need to ignore them, but in doing so can make dimarket prices turn down but won't have a big impact.

Nanagyasi

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Unless of course the definition of ponzi schemes has changed or maybe there is a new definition of which I don't but to my best of knowledge, I don't how Btc can be a ponzi scheme.
I mostly have the view that we as btc or crypto enthusiasts should do our best to clarify some misleading information out there.

quandong

member

Activity: 165

Merit: 10

When people do not understand Bitcoin and listen to others say that they have bought Bitcoin at high price and sold at low price, causing them to lose money. So they call Bitcoin a fraud or ponzi scheme. But when it comes to the crypto world, find out and have a long time, we will see Bitcoin will always increase at the end of year.

basyang

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Quote from: elachious123 on July 05, 2018, 05:32:53 PM

The fact is that everyone is entitled to their own opinion, that they call Bitcoin a ponzi scheme doesn't change any thing about the originality of Bitcoin. Such people have little knowledge about how the Blockchain technology works, they need to be enlightened

Yes. Indeed because of a wrong using of bitcoin it entitlex that its not because bitcoin is crypto and it is decentralized they can used it in their illegal activities. It can be a big effect in the crypto world and the inocent will involve too though they did not do any illegal activities. Its sad to hear that because instead of helping to support bitcoin to legalized it we are also the reason to destroy it.

Escf4

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Activity: 364

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GIGZI - INDEPENDENT WEALTH MANAGEMENT

Those people who really does not know bitcoin and other cryptocurrency concept, should say that bitcoin is a fraud or ponzi scheme , its been many years now , and bitcoin is surviving and gain more popularity, bitcoin is a technology that gives oppurtunity to people to improve their life and make high profits from this bitcoin and other cryptocurrency.

shesheboy

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Quote from: blocklancer8 on October 21, 2018, 11:35:08 PM

Let those who consider bitcoin a fraud or something else that can harm others. That's because they don't know about bitcoin correctly. Such people can only criticize without looking at the broad side.

let them ? seriuosly ? do you know what could happen if you let these poor people to keep on discrediting bitcoin ? they wont keep this by them self alone but they will also spread it to the people around them , now if many people heard bad things about bitcoin , do you think they will buy it ? i guess no , thats why we cannot expect the price to go up if we dont stop these kind of people as early as possible .

blocklancer8

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Let those who consider bitcoin a fraud or something else that can harm others. That's because they don't know about bitcoin correctly. Such people can only criticize without looking at the broad side.

flyer88

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Quote from: ?? on ??

there are many people in this world that call bitcoin as a Ponzi scheme and fraud currency, I don't know how they get the statement, are they do some research before they said that? or just say because there are many people get some losses? losses are very ordinary in bitcoin and cryptocurrency because the price is up and down so the losses are very ordinary

I think they get that statement because they ever trying to invest their money into scam site or HYIP business like MMM,
From that experience they judge if Bitcoin is ponzi scheme, But it's their own fault.

Topic: People call bitcoin a fraud or ponzi scheme - page 3. (Read 4501 times)