Topic: Why bitcoin never a ponzi - page 3. (Read 670 times)

But why im still earning even I didnt recruit another investor?
Why im still able to take profit even im not an early investor?
Those people saying bitcoin is ponzi might have a bad experience investing. Because if you know how bitcoin works you wont have such mindset.

It can't be a ponzi because:


Actually, if you bought Bitcoin at any point in time but for December 2017 and January 2018, you'd have made profit. So 99% of people who ever touched Bitcoin and helf it would have more money now than they had when they invested. This single thing kills the idea of a ponzi scheme.

There are people that never stops thinking like that about bitcoin. It could be that they have an agenda for doing that or they really are just bitcoin haters for doing so. Their reaction will be priceless if they witness bitcoin's skyrocketing again.

A legendary guy, left us a technology that's life changing and helpful to the world.

Agreed.


https://www.sec.gov/fast-answers/answersponzihtm.html

Scammers are using bitcoin and other cryptocurrencies to commit a ponzi scheme but bitcoin itself is not a ponzi scheme, satoshi never promised returns to anyone if they invested their money in bitcoin, in fact he even argued that bitcoin could be worth a lot in the future or nothing, which is true for most business and technologies anyway, if the price of bitcoin or any stock goes up it simply has to do with the law of supply and demand.

Besides blaming bitcoin for the scam is like blaming Microsoft because a bunch of scammers used their name to deceive people, the scammers are to blame not Microsoft and the same applies in the case of bitcoin.

Don't tell them that Satoshi is just waiting for the price to get $1,000,000 before running away, let's keep our mouth shut about this plan okay? HAHAHA I still don't know why we need to argue about this really, after a decade of full success? $0.1 to $20000 to $9000, yet being called as ponzi, sucks. Those people who believe that bitcoin is a ponzi scam is probably believing their economist friend, " bitcoin will pop soon ", yeah okay nice prediction, so when it will popped out? dang

He even left his work with us, people these days better be thinking right, who'll make profit out of this scam, it's even decentralized *facepalm*

it was the earlier reason people often had that made them refuse to invest in o rstudy whatever is related to bitcoin. later when it became obvious that bitcoin cannot be surpressed we heard a different version of the tales people talked about adn they even started buying loads of it to hold. bitcoin has no business with business.

I personally don't pay attention to any of this nonsense.  These types of articles are put together to specifically attack bitcoin or to promote another coin.  Anyone who says bitcoin is a ponzi simply has no idea what they're speaking about.

Usually, bitcoin is called a ponzi scheme by those who lost on bitcoin and do not understand what bitcoin is, how it works, and often do not know what a ponzi scheme really is and what are its signs.

It is very easy to distinguish a ponzi scheme. Any such scheme promises you something. As a rule, these are constant passive payments, or an increase in your income, or the promise of an increase in the growth in the value of an asset in your portfolio. Bitcoin does not promise anything, you cannot wait for any payments and you are not guaranteed income.

On the contrary, at every step we are warned about the risks associated with investing in bitcoin. Nevertheless, Bitcoin has already shown that it can generate income in the future. But everyone is forced to draw their own conclusions, nothing is promised, nothing is guaranteed.

That doesn't make bitcoin a ponzi.

Tether is the ponzi scheme here. Don't get confused. The end-result might look similar but bitcoin will recover from tether and survive while tether itself may disappear anytime.

I also do not understand how a paranoiac country like the US is letting Bitfinex get away with this. The only possbility comes to my mind is, they are purposefully letting them.

Some people will never accept the fact that Bitcoin is nowhere close to called a ponzi scheme because they missed out the opportunity to be a part of it at it's initial stage by terming it as ponzi and now out jealously they try to bad mouth about bitcoin as it's a matter of common sense that a ponzi will not last for a decade.

Ponzi scheme and networking we're all using cryptocurrency as their payment or reward method. They make it more appealing to people they wanted to join to make them look smart explaining bitcoin as decentralised, not prone to scam so on and so on. Those who really didn't study bitcoin or blockchain will be victimised as some were too good in bluffing and making stories, in my country, these schemes were both mixed telling investing their money in an investment and they will get reward when they get more referral as their downline. Bitcoin will never be a ponzi schemes we just hope they do their research in investing.

You mean with like pretty much all assets? So with that logic, gold is also a Ponzi scheme because it wouldn't rise in price without new money entering. Or maybe.. just maybe. It's just the law of supply and demand!?!??!11

Unfortunately, your definition is wrong. You are describing a "pyramid scheme".

A ponzi scheme is investment fraud. The operator pretends to invest the victim's money, but actually just keeps it. Generally, the operator maintains the fraud by using the victim's own money to pay out "profits".

Bitcoin cannot be a ponzi scheme because:

1. There is no operator.
2. Bitcoin is 100% transparent.

You can call bitcoin a Ponzi it is collapses, but so far we haven't seen fall down, on the contrary, in went as high as $20k during it's peak so how can it be called a ponzi. As other have pointed out, it's hard to argue to someone who already closes their door to bitcoin. It's not your loss actually, its their so no need to debate and push your bitcoin agenda to them. Even the creator himself didn't make a single money out of it, as compare to other ponzi schemes in history. So their argument is really flaw in the beginning.

No need to argue with those people that keeps on telling that bitcoin is a ponzi. There's probably a reason why they are butthurt and keeps on telling that bitcoin is like that. And the reason that we can think of is that they've missed buying the dip.

They can also think that if bitcoin is a ponzi then satoshi is the first one that's only going to make money yet he's not. But where he is? he even left an enormous wealth in the network and no one even know where he is.

Not only that generally the pyramid schemes does not work well because of * internet* , people generally settle down and send their reviews about the scheme , product , then it ends up educating others about the same it ultimately forces the governmental body to take strict action.

Plus Bitcoin was a new thing which scared the few people at first which might have made someone add that page in wikipedia , that was totally reasonable. Even right now there are people who considers cryptocurrencies to be a hoax.


If someone is familiar with two and a half Men , the show did have an episode where Alan takes money from a lot of people and pay them using money he collected later on and due to huge trust and at the same time returns , no one ever actually takes out the money , it stays with the guy.

Season 8 episode 15,16
{If you still don't understand what a Ponzi scheme is}
_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-

I do think to address this question one have to tell people how *Bitcoins is not created out of thin air*

*Why the price is volatile?*

*How did people became millionaires because of Bitcoins*

There are a lot of them , but I do think for the starting part we can tell our own experience , how it helps us day to day and how it's not controlled by the government.

Plus many companies , people even government did follow suit and made cryptocurrencies !! Which means its not baseless but the technology is so advanced that it has been accepted worldwide.

I believe your own opinion is the strongest argument that you can ever put in defending the Bitcoins about not being a Ponzi scheme, therefore share , educate others ~

The discussion will never ending debate and it's not good to defend any single words about it from any close minded persons around maybe you should let them discover the real use and beauty of bitcoin so that you will have a peace of mind for your self. Just ignore those kind of people since for sure future they will eat there words and will join bitcoins for profitability purposes for their selves.

Arguing that Bitcoin isn't a ponzi is like arguing that Earth is round - any sane person knows it, and those who think otherwise are trolls or idiots. You shouldn't waste your time arguing with either.
Just like with Earth, there were times when people weren't sure, but those times are long gone. Everyone understands that if Bitcoin was a Ponzi, it would have disappeared long ago, or at least it was spoken about more often.

Bitcoin itself is a decentralized open source coin and the price for it is decided by the market. Ponzi are pyramid scheme where the older investors profit only when new investors can be brought. People may argue that bitcoin is a ponzi due to it's speculative nature and has no value on it's own. But unlike ponzi, bitcoin is here for quite a time and has seen both rise and fall in price. It's value is not determined by any rules but due to it's demand and supply. The value of bitcoin lies as a trust-less P2P coin which is trusted by all parties due to it's integrity.

Why even bother responding to such a foolish accusation? Chill out, mate! By making an argument against it you are only dignifying whatever hollow Ponzi allegations some people are throwing against Bitcoin. The burden of proof is on them. The joke's on them. It's an insult arguing against an obvious fallacy.