Topic: People call bitcoin a fraud or ponzi scheme - page 7. (Read 4446 times)
Bitcoin 10 years deserved our trust.
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.
many people who think negatively for bitcoin and other crypto currencies in my opinion if investors already understand all the risks and benefits of investing they certainly will not think bitcoin is a fraudBitcoin is not scam. Bitcoin is interesting system
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 fact is that everyone has the right to their own opinion, they call Bitcoin a ponzi scheme does not change anything about Bitcoin originality. People like that don't have a little knowledge about how Blockchain technology works, they need to be enlightened
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.
Big players make large amounts of bitcoin volatility. They will not allow the mining to cease to yield income. This would mean that you can no longer receive money from 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.
many people who think negatively for bitcoin and other crypto currencies in my opinion if investors already understand all the risks and benefits of investing they certainly will not think bitcoin is a fraud
I don't think so that bitcoin is a fraud or ponzi scheme only some people's who are new or maybe they believe on rumours that's why they think if we go back few month's ir year's than conclude how bitcoin improving himself.
Well..may be those poeple who call bitcoin fraud or ponzi scheme are the people who who never experienced what bitcoin truly is, or those people who have gone through bankcruptcy becuase of it.. there are indeed many reason for people to doubt it as many reason also for those who tried it and believe and succeed eventually.
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.
It's already a common thing for bitcoins to be associated with ponzi schemes or a fraud. I hope you're already used to it. But in reality, however, bitcoins are actually a legitimate currency floating around in the internet. It's the people who actually use to somehow scam people into thinking they can make your money boom like any investor would say.
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.
Well, i think if bitcoin was a scam from the beginning, it wouldn't exist for now because everyone would not trust bitcoin anymore.
But what i can see now, bitcoin is being used by most peoples who know about crypto. Either as a currency to pay something, or to trade it on the market.
People called bitcoin as a fraud or ponzi because they don't understand about bitcoin, they only make their own conclusions without learning the true of bitcoin, if those people want to take their time to learn they will notice that bitcoin is totally different, some of them only know bitcoin from the media, so they only know the surface of bitcoin! Yeah there are still people that call bitcoin a ponzi, bubble or whatever they like because they have either bought at peak and sold in panic for loss or they never got chance to ride the bitcoin train Grin.
The one who are making good money with bitcoin trading and investment will always love this technology which gonna disrupt whole world's financial system.
The one who are making good money with bitcoin trading and investment will always love this technology which gonna disrupt whole world's financial system.
People don't know what will happen soon. As we have to prepare ourselves to the big pump, only because so many banks and services accepting bitcoin and other crypto.
It is absolutely true that everything around us can be called a Pyramid or a Ponzi scheme. Pension system, banking system, currency system of Fiat money, credit and Deposit in the Bank. Generally any system where there is money, can be considered scheme fraud. The only question is legitimate is fraud or not.
Your point of view seems to be something which is very unusual but I do understand you well. yes, everything around us can be called a Ponzi scheme, and the crypto as well but I believe in it.
how much price
As there are every type of people around us.So their are many scams and frauds done to the middle and lower class so in their sight of vision bitcoin is also a scam.They have bear a lot of things in their limited income and some fraud them by saying that your money would be doulbed and then flew away so they also call the bitcoin so sort of the same thing.
You know this' a free world and can say what they felt like but the truth remains that bitcoin is not a ponzi scheme. Maybe is a fact that they are misinformed about bitcoin.in my summary bitcoin is not ponzi and it is far better than ponzi scheme
Bitcoin is not fraud and neither is it a ponzi scheme. This is one of the things people who are ignorant of what exactly bitcoin is often say. Comparing bitcoin to an iPhone or MacBook is absurd because bitcoin has appreciated in value over the years and his iPhone will always depreciate once you own it.
The reason behind this is because many people uses bitcoin to scam people. Especially nowadays that many people are interested to invest in cryptocurrency. Scammers took advantage of it just to get money in the expense of others. That is why we have to be very careful in joining any investment scheme especially in social media to avoid fraud and ponzi scheme, proper knowledge will be a big help.
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.
Yes some people call bitcoin a fraud because they have been looted online by some jerks that's why they curse bitcoin . Its not true that bitcoin is fraud it's just because some peesons associated with bitcoin fraud peoples and they think all this is happening because of bitcoin .
Those who don't know anything about cryptocurrencies will stay bitcoin is scam and Ponzi but in reality now people are more matured to say such words so we can't say bitcoin is Ponzi because bitcoin is completely limited supply and high demand cryptographic value
Until I started trading with bitcoin I never knew it wasn't a scam, When you have a currency that can be used to buy products and has some of the wealthiest billionaires Bill Gates, heavily invested in it, it is as safe as any currency in my opinion.though every business has a risk,I have tried to take out all the risks with Bitcoin Ascension. The corruption of a matrix by making it manual has been taken away. I have double security on my site to prevent any sort of hacking, which can happen with anything online. I have the site monitored for this each day.so if I have been investing in it for a long time ago with a maximum profit, I will tell bitcoin wasn't a scam, fraud or ponzi scheme
where does your "profit" come from?
Now, when You have answered that, I have another question: "what, if BTC is not meant to become a viable product?" What would it make out of you? A scammer.
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