Those who think bitcoin is a ponzi scheme are clearly misinformed. A Ponzi scheme is defined as a fraudulent investing scam that promises high rates of return with little risk to investors. That definition alone differentiates bitcoin. Bitcoin is a software. It does not generate returns. Bitcoin is fueled by scarcity and demand. This demand is not forced on others. And also, those who are new to bitcoin don’t need to make payments to the older users with their new money.
Perhaps they’re connecting the two, because people can get rich from both.
Topic: Why some people treat BTC as ponzi scheme? - page 12. (Read 1234 times)
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 consider the BTC to be a ponzi scheme because it is a business that attracts money from investors and hidden business strategies. At the bank, they will send interest to the investors and make them support the bank longer.But I don't understand the reason behind this type of thought?
Bitcoin is completely different, investors are buying Bitcoin and not receiving dividends! So people think this is a ponzi scheme.
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?
But I don't understand the reason behind this type of thought?
Maybe they just dont know how bitcoin work. They think bitcoin is ponzi scheme because bitcoin dont have back up from government or any authorities. Bitcoin is not ponzi scheme because right now many financial institution start to involve in cryptomarket
They do not understand Bitcoin. They always see the media's negative reports on Bitcoin. They are blinded by those negative reports.
There is a famous saying that truth is always in the hands of a few people！
There is a famous saying that truth is always in the hands of a few people！
yes you are right ponzi schemes can indeed make you become rich but in my opinion it is a way to make money that is not good because ponzi scheme is detrimental to the longest person enter and benefit first person enter.
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?
But I don't understand the reason behind this type of thought?
Those people who believe that bitcoin is also ponzi scheme need to educate themselves to understand what cryptocurrency is all about. Bitcoin is often used by some individual or groups to lure people in their online investment schemes which later turns to scam. People should always make their own research before making a conclusion or before joining any investment schemes to avoid being scammed in the future.
People are using bitcoin's fame to scam people and the victims will think that bitcoin is scam when the fact the people behind it are the one. So when you don't really know bitcoin you'll get afraid to invest and you'll regretting for thinking that way and not taking the opportunity to invest.
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?
But I don't understand the reason behind this type of thought?
I think it’s because people have a hard time understanding how Bitcoin gets its value. It’s hard to grasp since it is not a tangible thing like gold and not backed by a government.
I like to compare Bitcoin to something like PayPal. PayPal is also not a tangible thing but it has a purpose and we are willing to pay for its services. The same is true for Western Union. The bottom line is that Bitcoin provides a service that gives it value.
Most of the time people are scared of something about investments. Specially, cryptocurrencies are not endorsed by the government in some countries and in others they even ban the usage and right to own.
Anonther reason is the false and half true advertisement of bitcoin and other cryprocurrencies. There are people that are keep telling that if they buy bitcoin their money would get doubled noy knowing the risk they are entering because they are promised yo wait until sometime it will grow. Its just like any other ponzi schemes.
people who treat bitcoin is a ponzi scheme, is those people who doesnt have any knowledge about bitcoin and doesnt believe. and aside of doesnt have any knowledge, i think those people who treat btc as a ponzi scheme is those people who have fear by losing money.
people who doesnt have any knowledge about bitcoin and its technology those are just telling btc ponji and after they realize what is bitcoin.they say bitcoin is real and an asset.
Some people treat bitcoin a ponzi scheme because they dont know about bitcoin. They regret not knowing it earlier and they cant believe that its value will become this high thats why some people think it was not true and bitcoin will die anytime.
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 thought bitcoin is a bubble. Anytime bitcoin will instantly fall and will vanish. But believe in yourself, trust your actions, then if you in bitcoin then go. Dont believe it is a ponzi scheme.But I don't understand the reason behind this type of thought?
You also said many paople made them rich, but there is some people too lost their money in investing in bitcoin.
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?
But I don't understand the reason behind this type of thought?
It is all because of their fear of losing their investment or fear of losing their coins. There are mmany schemes out right their in the market but to predict which one is good and which one is bad is the real deal and many people get stuck in some scam and because of this bad experience they used to fear investing in BTC and other altcoins and treat each and every coin as ponzi scheme. Even some of my friends used to tell me that BTC and crypto are ponzi schemes but i neven heard their sayings.
These people do not take into account such a process as mining. Bitcoin can not be considered a ponzi scheme because it requires huge resources for its production
Some other people treat BTC as ponzi scheme,
P but they are mistaken, because in ponzi scheme, the older investor are given the profits from which it is get from the new investors, the management of ponzi thus make some fabricated reports about the scheme, but bitcoin is different when you invest, you are the one who will manage your account on how you grow your investments.
P but they are mistaken, because in ponzi scheme, the older investor are given the profits from which it is get from the new investors, the management of ponzi thus make some fabricated reports about the scheme, but bitcoin is different when you invest, you are the one who will manage your account on how you grow your investments.
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?
But I don't understand the reason behind this type of thought?
To explain this simply see the movie X men there's a scene where one of the X men asks why are we feared, we're not doing any harm, we're humans to, and the answer is that people will always be afraid of what they don't understand. Same rule is applied for bitcoins people treat it as ponzi as they fail to understand it, and the negative media and fud only assist this notion.
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?
But I don't understand the reason behind this type of thought?
Some people think bitcoin as a Ponzi Scheme because of some scammer that make use of bitcoin as instrument to scam others through investment. There are also some websites that promises to double your bitcoin, yes they double your bitcoin at first but suddenly when more people invest especially huge amount it will disappear.
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?
But I don't understand the reason behind this type of thought?
This is because they do not give time to do research about bitcoins. They simply make conclusions based on the past experiences where people got ruined with such ponzi schemes.
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?
But I don't understand the reason behind this type of thought?
international news and television media plays an important role in errors that deliberately spread by agency agencies in each country. and it's very effective. a lot of proof, as you say is one proof why many people think that bitcoin is a ponzi scheme.
I believe in btc as much as every member of this community and regarding to the thread, I guess these people are not very familiar about bitcoin and just making conclusions without proper research. I personally believe btc is not a ponzi scheme as this cryptocurrency has already proven it's worth in the crypto market wherein it had even reached it's highest price value reaching nearly $20K USD in the last Q4 of 2017.
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