Topic: People call bitcoin a fraud or ponzi scheme - page 4. (Read 4501 times)
some people fall victims of fraud or ponzi scheme because of lack of knowledge and also due to ignorance.
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.
Yes, some people are not just good in determining which is the real and fraud investment schemes, They try to join some ponzi schemes that are not related to bitcoin which is using the name bitcoin for their schemes and after they got scammed they return in saying that every scheme is a fraud and Bitcoin is one of it which is not true, The problem with these people are not engaging their self in a legal way , in a sense that they want an easy money overnight without thinking it clearly the risk it will take, the lesson in this is choose the legit one and avoid fraud schemes that can steal your money, do research and invest on something good stocks for your profit.
if I have the opposite opinion bro. I am very happy to be able to invest in bitcoin. because as long as I invest in bitcoin. my economic life is better than before. and have additional income to help my economic growth
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.
People who say such things haven't any solid knowledge about Bitcoin, blockchain technology, or cryptocurrency generally. It is obvious that there isn't any relation between Bitcoin, which is a digital currency and an asset, and ponzi scheme, or fraud.
There are many people talking about this because of their ignorance, and that's why we have to keep teaching more people about the facts of crypto and BTC.
There are many people talking about this because of their ignorance, and that's why we have to keep teaching more people about the facts of crypto and BTC.
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.
Every people has its own decision and has the right to choose where he or she want to put up to. In did mining is so expensive but that their decision. For me bitcoin will not be dead in the future because more people especially in the middle class would prefer joining any campaign rather than mining.
We are in Era of technology, which required extra miles to learn and understand, base on that, most people don't know if they are something called digital currency, which them called Fraud or ponzi scheme, i think them need to be educated to know life is currently base on technology and very easire move across the global with a help of communication and understanding.
Those who call bitcoin a fraud or ponzi scheme have not devoted a little time to read/study what bitcoin is all about. They are probably not patient to know about bitcoin. Some fraudulent platforms/ponzi schemes may have used bitcoin to carry out certain transactions, thereby, using it to defraud people. People may then tag bitcoin as fraud/ponzi scheme not really knowing that the platform is the ponzi scheme not the currency of exchange. People need to understand that bitcoin is a form of currency- this time crypto-currency with unique storage features and usage capabilities backed up with a special technology known as blockchain. The price of bitcoin fluctuate as a result of the forces of supply and demand. When more people buy the coin the price goes up, when people sell the coin more than those that buy it, the price goes down.
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.
I think many people recognize it that way based on its beginnings. I think, many of the people who has gained so much from it today are those that tried different strategies in order to gain it as quickly as possible knowing and feeling that it will be big quite quickly, and so, no other way to do that buy through using ponzi schemes or networking strategies. That way, they can get some capital by the use of other people which they will then use in order to gain more assets. Unfortunately, maybe some really did scam a lot of people to achieves their ends.
People think whatever negative they can when they dont understand a new technology or think that they are too late to have it. The sad part is that there are many scammers who made ponzi schemes using bitcoin and that may be the cause for most of the issues.
The clear explanation to this is that they lack understanding of how bitcoin works and its features instead of that they liken it to the regular ponzi schemes they get themselves involved with.Only those who understand bitcoin can deal with it,most people need to be re-orientated again to clear their minds thanks
To me it has no sense because BTC and blockchain really differ from ponzi schemes, and even if it's some kind of a fraud then it must be really huge. I don't believe such frauds are possible.
people who don't have enough understanding about bitcoin can think that bitcoin a fraud or ponzi scheme. HOwever, I'm sure that If they spend time learning about bitcoin they can change their view completely 
Bitcoin is such a platform. Where we can earn money by doing work or by investing. But there are some countries in the world who believe Bitcoin is illegal. From which the country spreads negative news about Bitcoin all over the world. Some people are scared to invest in Bitcoin. They accept those negative news as true. But they should not believe all these news.
Its not new! Its also not alien. The most common language of those whose businesses are being threatened by the existence of $Bitcoin is to call $Bitcoin all the worse names any one can think of! $Bitcoin is no pyramid scheme, eventhough some "Wise" Criminal minds have created ponzi schemes to steal $Bitcoin from unsuspecting victims doesn't mean $Bitcoin is a ponzi scheme! I know how ponzis/Pyramid schemes work; for a matrix of 2:1, Mr B. and M.r C pay to Mr. A, its like robbing peter to pay paul, $Bitcoin is a commodity being retailed as goods, Ponzis however don't have a service nor a good to sell, they just steal from those who have! Banks will call $Bitcoin any name just to survive, its like a drawning man holding onto anything for survival, they however would soon realize $BItcoin is no way near a ponzi.
Not surprisingly, they say bitcoin is a scam, because bitcoin prices are unstable and can fall low. Of course, because low prices can be a reason to think negatively because of lack of understanding of crypto, and I think if they understand crypto they will think otherwise. Even though you always hear negative news about crypto, don't make it a reason to panic.
I think its not a ponzi scheme when they sell the things that have the over value than the real price of the component, I think it is the marketing strategy to makes the things like MacBook or iPhone can sold in high price than the component valie
Easy, just don't listen to these people just keeping doing what you do. It's true we are apart of a "cowboy" industry, mainly due to the fact of all the scams, frauds , amoral activity and ponzi schemes. I always argue money is never clean, regardless of it's form majority of the time it has been used unethically at some instance of time.
in my opinion, at any time bitcoin will not die, because so far the development of bitcoin has progressed very rapidly, and reduced the number of poverty in the country.
since they're knowing this towards the degree these people understand or even realize, that is their own viewpoint, in the future, these people will start to understand much better.
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