Why some people treat BTC as ponzi scheme? - page 11.

Serious475

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Quote from: ClaytonLWils on May 22, 2018, 11:28:58 AM

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 think Bitcoin is a ponzi scheme because the old investors gain money from new investors. For me, it is not a ponzi scheme because there is no one controlling the money gained from the investors. No one or even satoshi nakamoto gains and escape the money that was earned. Bitcoin didn't promised that you will earn money but due to the law of demand and supply many people are gaining money in Bitcoin.

Al-Geron

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I think every human being is free to assume, when saying bitcoin is a fonzy system, and we also have the right to think GETTING, it is important we work and feel the results, and not harm any party, okay Wink

sorokinpo

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Quote from: ClaytonLWils on May 22, 2018, 11:28:58 AM

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?

Those people are simply bitcoins haters and they need different excuses. Most of them are people who could not invest in bitcoins in early stages and are thus jealous of others.

akishang

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In our country, bitcoin created a stigma of being used as "ponzi scheme" to scam people. A lot of them popped out recently and its destroying the image of bitcoin. The media were just making things worst by just reporting what happened and not explaining what bitcoin really is. Also, social media platforms are one of the factors, they just believe what they saw on their news feed without even reading the whole story.

laiya94

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Because majority of people do not know bitcoins and there are some ponzi schemes which accepts bitcoin payments, so newbies will consider bitcoin as a ponzi scheme.

dorofee

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Quote from: ClaytonLWils on May 22, 2018, 11:28:58 AM

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?

This happens when someone has not done his research about bitcoins. They are blindly following the FUD they hear from media or bitcoin haters.

PX-Z

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Quote from: ClaytonLWils on May 22, 2018, 11:28:58 AM

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 those people simply don't understand what really bitcoin is, they don't actually know what is the true purpose of bitcoin in our lives on how it works and how to do with it. But if they would try to open there minds on cryptocurrency specially in bitcoin they will realize the true worth of this thing.

1billo

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Calling Bitcoin a scam is very narrow-minded. Why would Bitcoin be a scam? I don't know any reasons...

removebeforeflight

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People treat BTC as ponzi scheme are mad people I think since they don't know anything about BTC and just like that they spread negativity about it. Mad people always hears what others say and don't have their own brain to think so they say BTC is a ponzi scheme or spread some other rumors as well.

gabbie2010

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People treats btc as a ponzi scheme because of the instability in the price, imagine showing the price of btc to a newbie in a wallet e.g $100 suddenly the price jumped to $180 in less than 24 hours obviously no amount of explanation will convince a newbie that it is not a ponzi scheme due to the unfamiliarity with how btc works.

jpnl0004

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Inability to learn and make research about bitcoin if only the know the benefits of bitcoin they would be on the front line making investments they need to get up and do whats right and thats investing

Glorypaasa

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Quote from: ClaytonLWils on May 22, 2018, 11:28:58 AM

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 they don't have enough knowledge what is the true purpose of bitcoin and there are many scammers out there that used bitcoin to scam people so the they think bitcoin is a form of scam too so we cannot blame them on what they believe but if they realize and truly understand bitcoin I think they will change their mind.

jpnl0005

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Poverty of the mind, they have just refused to learn and to keep themselves updated with the current happenings around them.Or maybe must have been involved in different kind of ponzi scheme that made no or less returns for them so they tag bitcoin as been same.Well i hope they learn early enough to start investing and stop leaving in the past.

Enijesiku Sulaimom

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This is due to the fact that most people did not av fundamental knowledge of bitcoin and the trade ability of bitcoin as a future currency in that sense they miss bitcoin with ponze scheme

fulled

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i think people tell bitcoin as a ponzi because many website offering fast ROI if investing their money using bitcoin, and also because of bitconnect exit scam last year make people assuming bitcoin is a ponzi scheme

Lhaine

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Quote from: MrCrank on June 04, 2018, 08:31:45 PM

Quote from: ClaytonLWils on May 22, 2018, 11:28:58 AM

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?

This is wrong opinion. Bitcoin is not ponzi.
Many people think it because they don't know basic of cryptocurrency market.

Maybe other people think bitcoin is a Ponzi scheme because others will make a Ponzi scheme by using the name of bitcoin, that's why we need to be careful every time we invest our money, make sure that you invest in real bitcoin.

thirdkiller

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people do not know how to and do not want to wait, they want everything at once, and this does not happen, it's life in a cruel world

Arkham Knight

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Quote from: ClaytonLWils on May 22, 2018, 11:28:58 AM

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?

A ponzi is where a perpetrator lie to investors that they could get a huge amount of profit easily. And bitcoin is very different from that because it's a technology and also a specualtive investment but it was clear that there is risk there where you can go rich or go broke.

MrCrank

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Quote from: ClaytonLWils on May 22, 2018, 11:28:58 AM

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?

This is wrong opinion. Bitcoin is not ponzi.
Many people think it because they don't know basic of cryptocurrency market.

bigblackdeck45

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Quote from: ClaytonLWils on May 22, 2018, 11:28:58 AM

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 who think bitcoin is a whole scheme or a big scam are either misinformed or have little understanding how bitcoin works. Thanks to fake news and rumors people immediately judge and conclude that bitcoin is a scam without even bothering checking it. But it is their loss not ours, while we enjoy all the perks bitcoin has given us they are just out there hating without any credible reason.

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