Topic: Ponzi scheme and Bitcoin - page 5. (Read 1467 times)
I think the current decline in bitcoin has nothing to do with the fall of the Plustoken Ponzi scheme. because the tokens do not pair directly with bitcoin. there is a possibility that some of the investors will move their assets to bitcoin but that value will not be too large, so it will not have an impact on the price of bitcoin. because the bitcoin market is bigger and stronger. bitcoin decline is now common.
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
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
Scams like Ponzi schemes are unlikely to affect Bitcoin significantly. To put it differently, do regular scams, let's call them dollar-only, affect the dollar valuation when they close the shop? Apparently, not. But it is essentially the same with Bitcoin as these shops don't affect or undermine the cryptocurrency infrastructure itself. However, this is not the case with cryptocurrency exchanges, especially the biggest ones. If Bitfinex was able to push the prices up many times all the way to 20k, it should also work in reverse as well, and it does indeed
The bottom line is that we should care about semi-legit exchanges, not so much about outright Ponzi schemes
There are different Ponzi scheme in existence, some will never have an influence on bitcoin because it is in no way attached to bitcoin.
There are ways in which some bitcoin traders have made bitcoin Ponzi in many countries, the run their trade with those who doesn't even know how it is done, they get money from them trade with it. That also has very little way of affecting bitcoin. If only the trader is very wealthy in bitcoin.then, they have influence on the price.
The Chinese plustoken is well attached to bitcoin and it's high effect on bitcoin is not least expected.
There are ways in which some bitcoin traders have made bitcoin Ponzi in many countries, the run their trade with those who doesn't even know how it is done, they get money from them trade with it. That also has very little way of affecting bitcoin. If only the trader is very wealthy in bitcoin.then, they have influence on the price.
The Chinese plustoken is well attached to bitcoin and it's high effect on bitcoin is not least expected.
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.
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 would definitely affect the price of Bitcoin (Crypto Ponzi scheme collapsing) in a good way. Many had stayed away from Bitcoin because of this scam company. Once it is routed and the integrity of cryptocurrency is established, it will definitely attract more investors and enthusiast in crypto community thus creating more demands for Bitcoin and as a result it will affect Bitcoin market positively.
I think the collapse of a Ponzi scheme will affect the price of bitcoin but it's not much. There will be some panic investors and sellers but they are not the majority of investors in the cryptocurrency market.
In the history of the cryptocurrency market, I've seen hundreds of scams, typically bitconnect, but the market is still standing and growing.
Bitcoin is a strong currency and I believe that people still believe in bitcoin despite hundreds of ponzi scams.
In the history of the cryptocurrency market, I've seen hundreds of scams, typically bitconnect, but the market is still standing and growing.
Bitcoin is a strong currency and I believe that people still believe in bitcoin despite hundreds of ponzi scams.
The effect would be minimal and I think we're done seeing that. When these scammers start selling the stolen bitcoins, there are investors that are already automatically waiting for a sudden dip for which they jave conducted an auto buy order.
This is the cycle and it will be an unstoppable cycle.
This is the cycle and it will be an unstoppable cycle.
Every month new Bitcoins are mined and sold on the market which creates a downwards pressure. Something like a ponzi dump can increase this pressure and make the price drop but does it really matter?
For every sold coin there's a buyer. Don't think that when somebody is dumping he's throwing the coins away. People are ready to buy at every level and the greater the dump the more buyers there will be. Short-term price doesn't matter!
For every sold coin there's a buyer. Don't think that when somebody is dumping he's throwing the coins away. People are ready to buy at every level and the greater the dump the more buyers there will be. Short-term price doesn't matter!
We're currently building the foundation and launch pad for the next rally. So enjoy while it lasts.
Every month new Bitcoins are mined and sold on the market which creates a downwards pressure. Something like a ponzi dump can increase this pressure and make the price drop but does it really matter?
For every sold coin there's a buyer. Don't think that when somebody is dumping he's throwing the coins away. People are ready to buy at every level and the greater the dump the more buyers there will be. Short-term price doesn't matter!
For every sold coin there's a buyer. Don't think that when somebody is dumping he's throwing the coins away. People are ready to buy at every level and the greater the dump the more buyers there will be. Short-term price doesn't matter!
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.
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.
Humans are constantly trying to explain everything around them. That's why when price rises or falls, they desperately search for the nearest news event in an attempt to understand what happened.
So when price spiked above $10K in October, it must have been the Chinese president hyping up "blockchain" that caused it, right? And now that price dumped to further lows, everyone is latching onto this Plus Token scam. So predictable!
Do these events affect price? Sure. Are they the ultimate cause? No. Supply and demand is way more complex than that. A lot of traders and investors are taking profit or shorting the market for the same reason the Plus Token scammers are cashing out. That's what you do after an explosive rally: you take profits and hedge cash value.
depending on the scale, a ponzi scheme as large as a plustoken can cause speculators to panic for each of their large fund transfers, and eventually sell large chunks some time afterwards. Scam businesses like this have never been seen selling every small part because of activities that are always tracked. even if most of the funds are sold in ethereum and cause bitcoin to rally a small increase. But speculators understand that it only lasts a while before finally falling sharper.
When we talk about ponzi schemes, most were related with bitcoin for the promotion purpose. Some understand it in the right way that there is no relation between bitcoin and the ponzi. Some receives a misinterpretation which is the cause for having some bad image for bitcoin from the common people who are much interested into bitcoin and other cryptocurrencies investments.
Well, there could be one way of affecting the bitcoin price which would be the scammers selling their bitcoin to fiat currency and running away with it?
However, that doesn't equal to a "ponzi schemes equals bitcoin drop" type of deal, that is not how it works. It "may" affect the price, but it all also depends on how much people are hyped and want to buy, you can sell 1 billion dollars worth of bitcoin all at once but then as long as there are people who would like to buy 1 billion dollars + 1 dollars the price will go up.
Numbers were just made up for a bigger and more easily understandable example, of course nobody can sell 1 billion dollars worth of bitcoin but even if they do, we won't be buying that much back that quickly. Plus, even if ponzis sell their coins, we eventually buy it back so it is not in their hands anymore and we would be safe.
However, that doesn't equal to a "ponzi schemes equals bitcoin drop" type of deal, that is not how it works. It "may" affect the price, but it all also depends on how much people are hyped and want to buy, you can sell 1 billion dollars worth of bitcoin all at once but then as long as there are people who would like to buy 1 billion dollars + 1 dollars the price will go up.
Numbers were just made up for a bigger and more easily understandable example, of course nobody can sell 1 billion dollars worth of bitcoin but even if they do, we won't be buying that much back that quickly. Plus, even if ponzis sell their coins, we eventually buy it back so it is not in their hands anymore and we would be safe.
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.
Not always the outcome and price of btc can be affected if the said funds of said schemes are way too big enough to affect the entire market.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.
Yes, we have seen in the past on how Bitconnect scam do affect but it isnt really that a serious thing to think of yet price can anytime
recover after such event.Talking about ponzi scheme rates, i can say that they are much more lesser that this year but not totally being shutted down.
Ponzi Schemes would collapse but would later on rising again with their new strategy. It will surely affect Bitcoin positively and negatively. There will always be scams and fake projects and the best thing that we can do is to get rid of it. We can't deny the fact that Ponzi schemes would always exist where there is an opportunity to earn.
It doesn't matter if they continue to rise they will still gonna fall once they are all busted. So far there are lots of scam projects has been down but Bitcoin is less likely affected with it. Once the investors are dried out with these scammers they will no longer going to exist but sad to say scammers will always find their way to take advantage of those investors. 
Temporary and not permanently this is the effect of such Ponzi events that had caused the price of Bitcoin to fluctuate but I think it is not that a big of a change because the price of Bitcoin is still moving in a direction basically a good one,
I think the Ponzi scheme will just become more relevant as the Bitcoin progresses its price year by year, people will just have intentions to just get what they want and I think this issue will not fade away and as long as there is Bitcoin criminal will continue to get their hands on it.
I think the Ponzi scheme will just become more relevant as the Bitcoin progresses its price year by year, people will just have intentions to just get what they want and I think this issue will not fade away and as long as there is Bitcoin criminal will continue to get their hands on it.
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 won't Directly affect the price of bitcoin but these things are really notorious and are really spoiling the name of bitcoin and Cryptocurrencies at whole. These things make people worried about their investments and also make governments worried about bitcoin. How will any country decide to incorporate crypto in their financial system when on one side numerous scam go on with such currencies. 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.
scams always collapse and so far we have had many scams some big and some small and they have all collapsed and none of them have ever had any effects on bitcoin price other than some small newbie panics and sells. because even though some of these scams may be big but they are not big enough in comparison to the bitcoin market size. not to mention that these scammers unload their stolen coins away from exchanges to avoid being tracked.
Well I feel most of the altcoins who have raised money from the public in form of ICO and are not working on their product are also scam. Because they are merely showing that they are working by updating their social media channels regularly in reality there is nothing going on behind the curtains and this type or currencies contribute to around 30% of market.
It has an effect, yes, but it's limited. It isn't like how hot weapons affected the entire world permanently, but rather how an artist dies affects the world, it's temporary. No matter how huge the scheme is, it would still be limited by the time it could actually be in effect. That, or if Ponzi schemes transcended and they actually affected the concept of BTC or any other crypto for that matter, which is pretty much close to impossible. Ponzi schemes collapse when the market has gotten over the scheme and has regulated and stabilized itself.
Ponzi Schemes would collapse but would later on rising again with their new strategy. It will surely affect Bitcoin positively and negatively. There will always be scams and fake projects and the best thing that we can do is to get rid of it. We can't deny the fact that Ponzi schemes would always exist where there is an opportunity to earn.
It certainly has an effect, but whether it is significant or not depends on how long the project lasts.
Ponzi always uses the situation when bitcoin is dropping. After that, the Ponzi project will be destroyed by itself.
Ponzi always uses the situation when bitcoin is dropping. After that, the Ponzi project will be destroyed by itself.
The pinnacle of the ponzi scheme at a time when the price of bitcoin is soaring is that scamer always has to do anything to get a lot of bitcoin, of course the ponzi scheme always involves bitcoin and other big coins, but I think it will not affect the price because the ponzi scheme always ends in catching up .
So the price of bitcoin will not be influenced by the ponzi scheme.
That would even make bitcoin stronger because when we say the ponzi will collapse, it simply means that people are already matured.
Ponzi schemes are only successful due to people investing in crypto with lack of knowledge but eventually as bitcoin continues to exist, people get to know it better as the government are also recognizing it already and hopefully will fully regulate soon.
Ponzi schemes are only successful due to people investing in crypto with lack of knowledge but eventually as bitcoin continues to exist, people get to know it better as the government are also recognizing it already and hopefully will fully regulate soon.
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