Ponzi scheme and Bitcoin - page 4. | Bitcointalksearch.org

Distinctin

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Quote from: Darooghe on December 28, 2019, 07:54:36 AM

Quote from: Lee01 on December 26, 2019, 12:09:39 AM

Would the collapse of a Ponzi scheme effect the price of Bitcoin?
Though a hypothesis that the collapse of the Chinese Plustoken, a classic Ponzi scheme similar to bitconnect or countless others affected the price of Bitcoin, this seem to be accceptible although it's unlikely to be the major factor but distribution of stolen funds correlate very well with market downturns.

Bitcoin is not a ponzie scheme like Bitconnect that people needs to convince you this is a good investment, or implies the promise of future returns. Bitcoin promises no such thing. In a pyramid scheme new investment is paid to previous investors. If investment stops in a pyramid scheme the entire thing collapses to zero. BTC acts just like a stock, If investment stops in BTC it's value simply stops rising, if people sell, it goes down. Thereby it cannot become a pyramid scheme technically, but it can become like a crappy stock.

Bitcoin is a store of value if nothing we have to put on, it is simply dying. However, it isn't the way it looks like cause many people are still in trusting Bitcoin and store their money on it as a currency instead of the future use.
And if we think that this is just a pyramid scheme or any scamming issue, supposedly it never takes 10 years to exist but rather to see it collapse long time ago.

deisik

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Quote from: realr0ach on December 29, 2019, 02:21:37 AM

Bitcoin is a Ponzi scheme. Anything based on artificial scarcity is a Keynesian scam by default. As per the Aristotle definition, money is required to be a physical commodity rescource. Plato claimed money can be an imaginary widget, but Plato was an authoritarian statist who believed the state should control and run everything

How's artificial scarcity any different from any other scarcity?

Regardless, if we follow your logic through (or whoever you took this idea from), then any money is "a Keynesian scam by default" for the simple reason money could function as money only if it is a store of value. When money loses such capacity, it stops being money (as the example of the Zimbabwean dollar has clearly shown). But being a store of value necessarily requires being scarce, as something abundant cannot be a store of value simply because it doesn't have any market value (read, there is nothing to store)

topbitcoin

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Quote from: Lee01 on December 26, 2019, 12:09:39 AM

Would the collapse of a Ponzi scheme effect the price of Bitcoin?
Though a hypothesis that the collapse of the Chinese Plustoken, a classic Ponzi scheme similar to bitconnect or countless others affected the price of Bitcoin, this seem to be accceptible although it's unlikely to be the major factor but distribution of stolen funds correlate very well with market downturns.

Although yes, but will be a little. Because supply of bitcoin is really a lot. And people who do ponzi maybe like people who trade in market and i think it is only little amount from total circulation of bitcoin. But maybe if a big exchange, hacked and all sell into BTC, maybe it really can affect. Because people's belief get affected too.

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Quote from: gabbie2010 on December 29, 2019, 02:07:12 AM

Quote from: Lee01 on December 26, 2019, 12:09:39 AM

Would the collapse of a Ponzi scheme effect the price of Bitcoin?
Though a hypothesis that the collapse of the Chinese Plustoken, a classic Ponzi scheme similar to bitconnect or countless others affected the price of Bitcoin, this seem to be accceptible although it's unlikely to be the major factor but distribution of stolen funds correlate very well with market downturns.

Let me allay your fears that the colapse of ponzi scheme has no any effect on the price of bitcoin, so many ponzi schemes had been bankrupt in the past remember the popular MMM ponzi scheme at a stage they deployed bitcoin as a means of payment it eventually collapse whatever amount of bitcoin transferred or stolen between the participants has no significant effect on the price of bitcoin.

They are not bankrupt they just simply turned scam and run away the money of their investors that's why we see them stop their operations but actually it has affect since it could create a massive sell off and just imagine if they got millions of dollars stole and sell it instantly it create a price downwards and maybe it could create chain reaction to the panic sellers.

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Bitcoin is a Ponzi scheme. Anything based on artificial scarcity is a Keynesian scam by default. As per the Aristotle definition, money is required to be a physical commodity rescource. Plato claimed money can be an imaginary widget, but Plato was an authoritarian statist who believed the state should control and run everything.

So Bitcoin doesn't even make sense when Plato's only reason for making imaginary widgets money was to give the state more power. That's what eventually does happen in Bitcoin too, though. Because tokens are non-fungible and transaction validators are designed to centralized, making it a permissioned ledger, Chinese social credit score, cashless society slavery system that abolishes the 5th amendment with everything you do being tracked and monitored in real-time. Good work, slaves.

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Quote from: Lee01 on December 26, 2019, 12:09:39 AM

Would the collapse of a Ponzi scheme effect the price of Bitcoin?
Though a hypothesis that the collapse of the Chinese Plustoken, a classic Ponzi scheme similar to bitconnect or countless others affected the price of Bitcoin, this seem to be accceptible although it's unlikely to be the major factor but distribution of stolen funds correlate very well with market downturns.

Let me allay your fears that the colapse of ponzi scheme has no any effect on the price of bitcoin, so many ponzi schemes had been bankrupt in the past remember the popular MMM ponzi scheme at a stage they deployed bitcoin as a means of payment it eventually collapse whatever amount of bitcoin transferred or stolen between the participants has no significant effect on the price of bitcoin.

Darooghe

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Quote from: Lee01 on December 26, 2019, 12:09:39 AM

Would the collapse of a Ponzi scheme effect the price of Bitcoin?
Though a hypothesis that the collapse of the Chinese Plustoken, a classic Ponzi scheme similar to bitconnect or countless others affected the price of Bitcoin, this seem to be accceptible although it's unlikely to be the major factor but distribution of stolen funds correlate very well with market downturns.

Bitcoin is not a ponzie scheme like Bitconnect that people needs to convince you this is a good investment, or implies the promise of future returns. Bitcoin promises no such thing. In a pyramid scheme new investment is paid to previous investors. If investment stops in a pyramid scheme the entire thing collapses to zero. BTC acts just like a stock, If investment stops in BTC it's value simply stops rising, if people sell, it goes down. Thereby it cannot become a pyramid scheme technically, but it can become like a crappy stock.

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Ponzi schemes will not stop the growth of bitcoin but it will tarnish the image for new investors. People are more cautious these days compared to previous years. But altcoin ponzi schemes have started to come into light where teams just escape with all the investments. Regulations on new projects may prove effective in stopping these things.

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in my opinion does not affect the fall in the price of bitcoin. I knew Bitcoin in 2014 and at that time there were a lot of Ponzi schemes. but prices keep going up. the falling bitcoin price factor is the fact that bitcoin has not yet been received in major countries. besides that because the market is indeed in a bearish pattern.

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Quote from: Lee01 on December 26, 2019, 12:09:39 AM

Would the collapse of a Ponzi scheme effect the price of Bitcoin?
Though a hypothesis that the collapse of the Chinese Plustoken, a classic Ponzi scheme similar to bitconnect or countless others affected the price of Bitcoin, this seem to be accceptible although it's unlikely to be the major factor but distribution of stolen funds correlate very well with market downturns.

If they’re holding bunch of BTC’s then they could likely dip the market a bit but its effect to market is only temporary just like other ponzi’s that dumped their stash. If same scenario happen in the future its like another ordinary day in crypto.

Capt00

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Quote from: Twinkledoe on December 27, 2019, 04:17:32 PM

Quote from: adzino on December 27, 2019, 04:10:14 PM

Quote from: Lee01 on December 26, 2019, 12:09:39 AM

Would the collapse of a Ponzi scheme effect the price of Bitcoin?
Though a hypothesis that the collapse of the Chinese Plustoken, a classic Ponzi scheme similar to bitconnect or countless others affected the price of Bitcoin, this seem to be accceptible although it's unlikely to be the major factor but distribution of stolen funds correlate very well with market downturns.

What does ponzi scheme has to do with the price of bitcoin? Your title was kind of misleading. At the first glance, I thought you were comparing bitcoin to a ponzi scheme (like those people who regret not investing on bitcoin when the price was low and now is trying to spread hate) and I was about to bash you.
If you are talking about everyday ponzi scheme, then no it won't affect the price of bitcoin. If you are talking about those ponzi scheme taking place in the crypto world, then yeah. It might affect the price of bitcoin depending on how much they were able to scam off people.

Ponzi schemes will always be there even without the presence of bitcoin. In my opinion, it should not affect the price of bitcoin unless they are directly related with bitcoin and the money involved is huge that it can make a wave in the current trading price. But then again, there will always be like this no matter what. Scammers trying to empty your pockets.

Though not it affects the price directly but it gives doubts to the people leaving to have some worries and may stop them from trust in investing crypto.
Ponzi scheme will always exist in the matter that they could still find a whole in crypto and the bad thing is that they could still have found a victim for this. May this kind of trick is a part of crypto journey, it is in our part to know about it and not being caught.

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Quote from: adzino on December 27, 2019, 04:10:14 PM

Quote from: Lee01 on December 26, 2019, 12:09:39 AM

Would the collapse of a Ponzi scheme effect the price of Bitcoin?
Though a hypothesis that the collapse of the Chinese Plustoken, a classic Ponzi scheme similar to bitconnect or countless others affected the price of Bitcoin, this seem to be accceptible although it's unlikely to be the major factor but distribution of stolen funds correlate very well with market downturns.

What does ponzi scheme has to do with the price of bitcoin? Your title was kind of misleading. At the first glance, I thought you were comparing bitcoin to a ponzi scheme (like those people who regret not investing on bitcoin when the price was low and now is trying to spread hate) and I was about to bash you.
If you are talking about everyday ponzi scheme, then no it won't affect the price of bitcoin. If you are talking about those ponzi scheme taking place in the crypto world, then yeah. It might affect the price of bitcoin depending on how much they were able to scam off people.

Ponzi schemes will always be there even without the presence of bitcoin. In my opinion, it should not affect the price of bitcoin unless they are directly related with bitcoin and the money involved is huge that it can make a wave in the current trading price. But then again, there will always be like this no matter what. Scammers trying to empty your pockets.

adzino

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Quote from: Lee01 on December 26, 2019, 12:09:39 AM

Would the collapse of a Ponzi scheme effect the price of Bitcoin?
Though a hypothesis that the collapse of the Chinese Plustoken, a classic Ponzi scheme similar to bitconnect or countless others affected the price of Bitcoin, this seem to be accceptible although it's unlikely to be the major factor but distribution of stolen funds correlate very well with market downturns.

What does ponzi scheme has to do with the price of bitcoin? Your title was kind of misleading. At the first glance, I thought you were comparing bitcoin to a ponzi scheme (like those people who regret not investing on bitcoin when the price was low and now is trying to spread hate) and I was about to bash you.
If you are talking about everyday ponzi scheme, then no it won't affect the price of bitcoin. If you are talking about those ponzi scheme taking place in the crypto world, then yeah. It might affect the price of bitcoin depending on how much they were able to scam off people.

Febo

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Quote from: Lee01 on December 26, 2019, 12:09:39 AM

Would the collapse of a Ponzi scheme effect the price of Bitcoin?
Though a hypothesis that the collapse of the Chinese Plustoken, a classic Ponzi scheme similar to bitconnect or countless others affected the price of Bitcoin, this seem to be accceptible although it's unlikely to be the major factor but distribution of stolen funds correlate very well with market downturns.

When Bitcoin change owner on long term nothing changes. There is not any more Bitcoins in existence. So there is no reason price on longterm should be any different. It can be different on long term because of FUD.

Silberman

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Quote from: Lee01 on December 26, 2019, 12:09:39 AM

Would the collapse of a Ponzi scheme effect the price of Bitcoin?
Though a hypothesis that the collapse of the Chinese Plustoken, a classic Ponzi scheme similar to bitconnect or countless others affected the price of Bitcoin, this seem to be accceptible although it's unlikely to be the major factor but distribution of stolen funds correlate very well with market downturns.

That will definitely create a market distortion but it is one that will be very short lived so there is no reason to worry and if anything it could be a good chance for those that are looking to buy bitcoin for the best possible price to take advantage of the situation and accumulate as much bitcoin as their capital allows them, you should always be looking at everything that happens as an opportunity and try to see how you can benefit out of it and that would be a great opportunity to buy bitcoin.

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Quote from: Lee01 on December 26, 2019, 12:09:39 AM

Would the collapse of a Ponzi scheme effect the price of Bitcoin?
Though a hypothesis that the collapse of the Chinese Plustoken, a classic Ponzi scheme similar to bitconnect or countless others affected the price of Bitcoin, this seem to be accceptible although it's unlikely to be the major factor but distribution of stolen funds correlate very well with market downturns.

It happen in past maybe, when double investment site really popular. Bitcoin price really down, but don't know because of that or anything else. But i still remember a lot of ponzi sites appear and with it's promo and then end, 1 end, the others come. Maybe after that people really aware with something like that. Maybe only a few player which still make investment in that kind of sites.

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Well, it could be temporarily. Besides it would depend on how huge the allocated cyptos are. Indirectly speaking, many people avoid crypto currency because of these circumstances they are being prevented by fear of losing money with this fraudulent ambitions. Thus, potential crypto enthusiast, might be a trader or investor gone decreasing because of this. What I mean, is the potentiality.

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Quote from: Lee01 on December 26, 2019, 12:09:39 AM

Would the collapse of a Ponzi scheme effect the price of Bitcoin?

There was some speculation, but I don't think that the price will be affected long term.

Quote from: Lee01 on December 26, 2019, 12:09:39 AM

Though a hypothesis that the collapse of the Chinese Plustoken, a classic Ponzi scheme similar to bitconnect or countless others affected the price of Bitcoin, this seem to be accceptible although it's unlikely to be the major factor but distribution of stolen funds correlate very well with market downturns.

Again, we have seen a lot of Ponzi scheme in the past, billions worth, but BTC still remains dominant as it used to be. Because investors really know that bitcoin is the best investment and not those Ponzi scheme. It could impact the price, but not so much in the long run.

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Did the collapse of PlusToken really affected the bitcoin price?
Is there any proof into it?

We are all just speculating here that it did but we ain't really sure.
We are just looking for a reason of every dump and pumps that is happening all over every crypto currencies.
Some says it was Ethereum which was affected the most but looking at its value there is not much changes at all.

I guess we could say, it doesn't really bother the value.

shoreno

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collapse in what way ? when they are destroyed and got busted ? or collapse when the investors put in thier money and it suddenly declared as a scam ? either way , both can still affect the price of bitcoin .

the first one can affect the price in a good way because if ponzi's got busted , people will now only invest on the original btc but if people got scam by a ponzi , chances are people will scared to invest in crypto related stuffs such as bitcoin

Topic: Ponzi scheme and Bitcoin - page 4. (Read 1467 times)