Why some people treat BTC as ponzi scheme?

Dmitry.Vastov

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Quote from: ClaytonLWils on May 22, 2018, 12:28:58 PM

I really wonder to some people who think bitcoin is a ponzi scheme. It has made so many people rich and doing better till now.
But I don't understand the reason behind this type of thought?

I don’t know what these people want from the bitcoin, these are the kind of people who don’t understand the fate and potential of bitcoin and these are the part of population who comes in category of bitcoin haters and I think these people should meet once to those countries who has legalised bitcoin and now what conditions they are going through, the growth they are experiencing in their nation and even increase in GDP of nation and they should also understand the fate and potential of bitcoin.

stayeduptolate

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Quote from: ClaytonLWils on May 22, 2018, 12:28:58 PM

I really wonder to some people who think bitcoin is a ponzi scheme. It has made so many people rich and doing better till now.
But I don't understand the reason behind this type of thought?

As I stated that after the bitcoin introduction in the world, the entire world population has been divided into 2 half, the first one who lives bitcoin and has understood well the fate and potential of bitcoin and the second one is the people who calls bitcoin a Ponzi scheme or a bubble that would burst soon or a scam and I think they are also right at there place because if you don’t know that potential of bitcoin then obviously you will call it a scam because no currency has that potential to be that much profitable.

kirkarsedat

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Some people think bitcoin as a Ponzi Scheme because of some scammer that make use of bitcoin as instrument to scam others through investment. Some people think bitcoin as a Ponzi Scheme because of some scammer that make use of bitcoin as instrument to scam others through investment

inspirone1

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Quote from: ClaytonLWils on May 22, 2018, 12:28:58 PM

I really wonder to some people who think bitcoin is a ponzi scheme. It has made so many people rich and doing better till now.
But I don't understand the reason behind this type of thought?

People do not want to spend time learning, they only want to get money. And this does not happen. Always need to lose to get. I think having some knowledge about the market, you can earn enough money over time.

Nick Abimanyu

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Quote from: ClaytonLWils on May 22, 2018, 12:28:58 PM

I really wonder to some people who think bitcoin is a ponzi scheme. It has made so many people rich and doing better till now.
But I don't understand the reason behind this type of thought?

We all certainly know there are a lot of people out there who hate bitcoin not only the government and banks, in fact a number of politicians also participate in aggravating the atmosphere with their skeptical tone. However if we pay close attention, in fact they don't understand the benefits and the positive meaning of cryptocurrency, let alone bitcoin.
Ponzi schemes are fraudulent acts carried out by unscrupulous third parties. By their cruelty, they have damaged the image and popularity of bitcoin so bitcoin in Cap as its only medium or tool for fraud with Ponzi scheme style. It feels what they accuse is unethical.

Denisdzx

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In the Ponzi scheme, the founder of the business will convince investors that they will get a certain level of profit, while Bitcoin does not promise such things. No central entity; there are only individuals who run a decentralized economy. In Ponzi schemes, the early adopters (those who first join) will benefit from those who join later. While in Bitcoin, there is a solution to this. The early adopters benefit from an increase in the value of bitcoin, while late adopters will benefit from currencies that are stable, fast, and cheap. The fact that early adopters get more profits does not make Bitcoin immediately as a Ponzi scheme. All good investments in successful companies have these characteristics.
that's my opinion Wink

nolestiket

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Sirnero111

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It is because the don't understand what bitcoin is all about and since it has to do with online most people get to think or passive bitcoin to be a ponzi due to past events.

mak2017

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Quote from: ClaytonLWils on May 22, 2018, 12:28:58 PM

I really wonder to some people who think bitcoin is a ponzi scheme. It has made so many people rich and doing better till now.
But I don't understand the reason behind this type of thought?

In my view those people usually have very poor knowledge about bitcoin, or being if it comes to some well known person, they are simply being paid to say so.
It's obvious that bitcoin price can be easily manipulated with such statements, and crowd usually fell for that sadly.
There isn't anything in the world where all people are 100% positive about something, and bitcoin is not an exception, so there will be always someone trying to pour dirt on bitcoin, just ignore such statements and people, be smarter.

LukeCage

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Quote from: ClaytonLWils on May 22, 2018, 12:28:58 PM

I really wonder to some people who think bitcoin is a ponzi scheme. It has made so many people rich and doing better till now.
But I don't understand the reason behind this type of thought?

Because some people are envious of the first people who have taken knowledge about bitcoin and took the risk. Sometimes I feel the same. I wish I could go back in time.

lumeire

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Quote from: ClaytonLWils on May 22, 2018, 12:28:58 PM

I really wonder to some people who think bitcoin is a ponzi scheme. It has made so many people rich and doing better till now.
But I don't understand the reason behind this type of thought?

There are a lot of people who think that bitcoin is a ponzi and it is a bubble which is fueled by the new investors which are coming late in the cryptocurrency atmosphere. But I don't think that cryptocurrency in general is a ponzi scheme as it has paid some people handsome amount of money and changed most of the people's lives who work for bitcoin or have been holding cryptocurrencies in general.

brooklynian

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The people treating bitcoin as ponzi are still basking in extreme ignorance. It is important to seek clarifications when one is confused as to whether something is genuine or not. It won't cost anything. At least it is better than to later realise that you have lost huge opportunities by have the wrong mindset about bitcoin.

Zidanetribal

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People who think of Bitcoin as a Ponzi scheme because the multiple companies cheat people have been based on the name of on the bitcoin.

Ahimoth

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Quote from: kyledavid on July 31, 2018, 03:00:00 AM

because they believe that bitcoin is a investment platform but they didnt know that it was a online money or a virtual money which can be use in investing , paying bills or paying anything , like in our country if bitcoin was part of the scam they call it bitcoin as a scam but they don't know that bitcoin was a virtual money . The tv news is really strong in believing people that the bitcoin itself was a scam

Personally I don't care about what other people is saying about bitcoin. If they gonna tell that the system is just a ponzi scheme then they are completely wrong. Actually I know what is true about bitcoin so I felt bad for them saying that the system is just a ponzi scheme. Well I think it would be better for them if they will just appreciate the system itself.

metenjean

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Quote from: ClaytonLWils on May 22, 2018, 12:28:58 PM

I really wonder to some people who think bitcoin is a ponzi scheme. It has made so many people rich and doing better till now.
But I don't understand the reason behind this type of thought?

Ponzi was based on pyramid scheme where people who join last transfer their wealth for people who join in the first time or even create the system and there is nothing wrong with people having these perspective to bitcoin as they think bitcoin was creating money out of thin air rather than just maintaining their price for steady growth. Surely bitcoin boom last year has create pessimistic opinion and grudge for people who didn't even join the ride. Grin

thinkabout

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because they don't know much about btc. they just pay attention on bad aspect of bitcoin

kyledavid

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because they believe that bitcoin is a investment platform but they didnt know that it was a online money or a virtual money which can be use in investing , paying bills or paying anything , like in our country if bitcoin was part of the scam they call it bitcoin as a scam but they don't know that bitcoin was a virtual money . The tv news is really strong in believing people that the bitcoin itself was a scam

airdrophunter

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Not all of them really don't know what's bitcoin is. Some of them we're just being wrongly fed by information that is telling them that bitcoin is a scam and that they should not use them. Others already been into the cryptoworld but turned their backs on it when they realized their investment almost gone when bitcoin fell down. BTC has never been a ponzi schem; only those people doing such activity using bitcoin's name and fame are to be blame and they should be put behind bars.

jonsky05

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Quote from: ClaytonLWils on May 22, 2018, 12:28:58 PM

I really wonder to some people who think bitcoin is a ponzi scheme. It has made so many people rich and doing better till now.
But I don't understand the reason behind this type of thought?

Maybe they don't know totally what bitcoin is that's why many people use it as a pond scheme. And it's very disappointing that they don't even want to understand it or study it about bitcoin. Ponzi scheme will bring you to lose your money be careful.

circlesseeker

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Because treating it as ponzi is easier than doing a proper research.

Topic: Why some people treat BTC as ponzi scheme? (Read 1231 times)