Why some people treat BTC as ponzi scheme? - page 3.

Ozero

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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 do not think that bitcoin and other crypto currency is a financial pyramid. Absolutely different mechanisms work here. However, it can not be denied that there are certain similarities. Now in bitcoin, really a lot of people have earned money and become rich. However, what will happen if all bitcoin holders try to sell their bitcoins? They will not be able to sell it at a good price and very many will suffer losses. Why? Just because the first people have already enriched themselves in bitcoin. Bitcoin does not create any material value for us. Why then did people become rich using the difference in his course?

elachious123

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Many people took the mentality of quick money making to Crypto (BTC) they want to invest today and reap within a short time.

Bitcoin invest is a long term investment that's what I have come to realize and that's remains the fact about it.

revlon

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I think people using traditional type of currency. And this is new type of currency so its hard to believe on it.
It multiple the money of investors. Any currency never do it. So it treat like bubble which growth till a rate and after it will rip up. There are many scheme has come in market. Which given good return and after it was fraud. People treat Bitcoin also cheat like other schemes.

phelbaby

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For me the reason why most people think that Bitcoin is Ponzi scheme is because they have not not know the meaning of Bitcoin. they think it is just like that of MMM and others... any time they go deep and read about they will understand the value.

poli_btc

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People who think that bitcoin is a ponzi scheme, absolutely do not understand anything. Technology bitcoin can not be understood simply by looking at it, and since people are lazy they still have not figured out what bitcoin is. That's why people say every kind of nonsense.

DgurJIupyf

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http://o-tu.ru/

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?

Perhaps the price of bitcoin and inflated over the last 2017 year, but the model of bitcoin, called the block and block chain is unique in this generation. Ponzi scheme tries to find an analogy with the bitcoin price. That payments to old depositors, at the expense of new revenues. But if you go deep into the stock market and its fundamental feature, we will notice there is a similar similarity. If in one place will arrive at YYY amount, on the same amount and lose anything.

Henry Sy

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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 a matter of first importance, unadulterated numbness and misinterpretation of how bitcoin and blockchain innovation functions. Furthermore, it's hard for a few people with moderate reasoning to consider how something not upheld by any physically valuable be not an air pocket.

Konco126

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I think everyone who has complete information or knowledge is very knowledgeable will understand that. But among them many still don't understand, maybe because they don't want to try to understand it. not strange again today many people are lazy because they are busy playing mobile phones with advanced technology is used only to play games only.

jpnl0003

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People dont give no value to what they dont understand most persons are still going through the shock of been scammed from different programs they must have engaged themselves in so the feel every which has to do with them investing their money is a scam.

ukboss

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In 2017 there is true money advertising company came in this online industry and they start his business policy as like Ponzi scheme. This site is the offered to everyone if you invest$100 after 7 days later it will be $200 because it is a Ponzi scheme. On the time people already clear that is 100% Ponzi scheme. Some advertising company offers if you want to grow your traffic you can purchase some traffic with your money this is not a Ponzi scheme but people say it is also Ponzi scheme. Nowadays people say Bitcoin is a Ponzi scheme. Who don't have any idea about Bitcoin only those people say Bitcoin is a Ponzi scheme.

Akenosi

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Its because the price is volatile which changes from time to time and that's one of the concept of how ponzi scheme works

TGD

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Wen Rolex?

Quote from: skibikipapa69 on June 30, 2018, 03:54:17 AM

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?

These people don't know what they are talking about. The biggest factor that affects these peoples thingking is fake news. I too once thought that bitcoin is just a scam and lies. But as soon as I checked it out I learned so much and change my view of seeing bitcoin. If only these people take time to acrually check out bitcoin then I am sure they will change their minds as well like I did.

True this currency may take some attention to be before we can have through it out to understand and listen for everything about here.

Renai0925

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Well, in the tradition of ponzi schemes, bitcoin does make thousands to millions of money (depending on the currency) for some individuals almost overnight. Some people does not take kindly to others who made their wealth without too much work. But that's just life is what I say. You have to be smart with your money and don't be too envious of others.

adejoke444

newbie

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Even me myself see it then as ponzi scheme when i have not made any research on it, the reason is just that people are too lazy to do their own personal research before condemning it...

skibikipapa69

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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?

These people don't know what they are talking about. The biggest factor that affects these peoples thingking is fake news. I too once thought that bitcoin is just a scam and lies. But as soon as I checked it out I learned so much and change my view of seeing bitcoin. If only these people take time to acrually check out bitcoin then I am sure they will change their minds as well like I did.

Ruffian1314

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I think these types of people are just not interested at all in bitcoin so they don't bother to research and study about bitcoin or any cryptocurrency related topics. They call it scam maybe because of its volatility and they don't understand that why it is very volatile due to lack of knowledge in it.

leostrong.mo

newbie

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Because they saw the high returns of BTC, they did not understand that BTC had no way to explain BTC, so attack!
They need to study the blockchain and BTC seriously! Bitcoin is the first application of the blockchain.

NevejElad

newbie

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People who are not educated and does not know about bitcoin would say that bitcoin is a ponzi scheme, but they are mistaken because in bitcoin you are the one who manage your own investment, and the profit you gain is from the trading sites that you are engage in trading your bitcoin.while in ponzi scheme your profit are taken from new recruit members investment.

ajiswaggs

newbie

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People think that it is a ponzi because they do not know what it is all about. I never believe that Bitcoin real till a friend of mine that is into it explained to me; what it is and how i can invest there and make money. Now, i am the one spreading the news of it.

Chachacoin17

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Quote from: James_H on June 30, 2018, 12:13:47 AM

Maybe people who say bitcoin is a Ponzi scheme maybe because they do not understand about bitcoin and they also have no more knowledge about bitcoin, maybe they just think why i should learn bitcoin if i have money i can directly invest in bitcoin without having to learn bitcoin and recognize bitcoin even further

In most probable cases that bitcoin became misinterpreted by most of the people who started to find interest about digital currency, was due to lots of general misuse which other scammer victimized innocent people.

When its over for them, of course it was alarming to society and they're subjected to being punished by the law. It won't happen if people will have proper education about bitcoin, and as decentralized currency it's worthy to be publicly introduced by Government of different developing countries. With that virtue,I guess it won't happen bitcoin will be a ponzi scheme treatment from people without proper understandings.

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