Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25204. (Read 26608642 times)

Do you have links? I have not noticed this fear.

And oh, just look at the larger holders and early adopters shitting their pants @ twitter and in this forum, it is a hell of fun watching fear tearing the shit out of them.

Can you be more specific?

I already responded to your other post, but I doubt this really clarifies... b/c you are still throwing out a whole bunch of generalizations.  There are a lot of varieties, some of these guys have good intentions and some are scams.. buyer beware,no? 

Dude you totally missed my point i wasn't talking about bitcoin I was talking about tech startups with unmonetized user bases who go for round after round of seed money

For one thing:  Bitcoin is NOT a company, and the infrastructure and the space of BTC is much too complex and too many people involved in order to be characterized as a ponzi scheme.  Even if you attempt to suggest that the earliest 100 or 1000 adopters are trying to get rich off the rest of us b/c they are just trying to cash out and there is NO value in BTC or the infrastructure.  Those kinds of characterizing would be totally misplaced.

Now maybe some of the companies within bitcoin could be ponzi schemes and some of the alt coins could be ponzi schemes b/c they are small and tightly controlled and sometimes scams and schemes....   but Bitcoin is not the various companies or the related companies or even some of the corrupt and greedy people within the space.

I just believe that you should know better than to engage in such loaded and inaccurate assertions regarding the nature of bitcoin, and you lose credibility when you employ such loaded and inaccurate language.

On the other hand, there are a lot of reasons that you could argue that you believe the price of BTC is going to continue to go down, but arguing ponzi scheme (or "near" ponzi scheme) is way out there and only triggers emotions based on incorrect facts/characterizations rather than making a more accurate assessment.

Anyhow you believe what you believe, and if you truly believe BTC is a ponzi scheme or a near ponzi scheme then you certainly will want to be careful about whether and/or how much to invest.

Relax buddy

Relax buddy

btw I wasn't calling btc a ponzi at all, I was referring to the venture capitalists and their stakes in zero revenue tech companies with high userbases.

There are a lot of overhyped, overvalued companies that get investment, and go for round after round of seed money, and often time the only purpose of an investment in a business is the hope they'll raise more funds later on and thus make their stake more valuable.  If the only purpose is to increase income then I think that is nearly a ponzi, isn't it?

There are a lot of overhyped, overvalued companies that get investment, and go for round after round of seed money, and often time the only purpose of an investment in a business is the hope they'll raise more funds later on and thus make their stake more valuable.  If the only purpose is to increase income then I think that is nearly a ponzi, isn't it?