Topic: Why some people treat BTC as ponzi scheme? - page 5. (Read 1237 times)
Its not ponzi scheme, its those people that has loss much on ponzi that also see bitcoin as ponzi... Bitcoin is a real digital currency
Bitcoin is a digital asset, not a ponzi scheme and not a fraud. People may 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. They did not understand the blockade and the crypto currency and are angry when others make money on it, but they do not.
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 think it is because that they are lack of knowledge how bitcoin works, what bitcoin really is. We can say that today there are lots of people that joining the bitcoin community to get rich, in that sense they are joining the bitcoin community without knowing the whole truth, in fact, people just want to get rich, period. But I don't understand the reason behind this type of thought?
As for me I disagree about it because some people know that in the case of Ponzi-schemed investments, whose profits seem so fantastic, potential investors are usually approached by trusted people. Coupled with a proposal that promises huge returns from a previously unknown investment model so there are some people treated BTC as Ponzi scheme.
Because they are completely ignorant of bitcoin technology, they only pay attention to BTC’s high profits in the short term!
Probably because it's not yet backed by the government. Some people believes that so far the government is against it then it's ponzi and there is no two wah about it. Many have not been able to wrap their hands around and it's complicated nature keeps confusing them. Besides the media FUD helps to make it confusing the more. So I don't blame anyone believing it's ponzi.
Government regulation can reduce issue about bitcoin. With government regulation, investor in cryptocurrency will more confident. But many peoples dont understand about bitcoin and cryptocurrency, so its natural if they think crypto is ponzi scheme.
Its only natural for those who believe it's ponzy scheme, maybe they have being involved in one before. It's sad to hear that kind of accusation towards bitcoin because personally bitcoin is overly legit to all networking companies or any profit organizations out there.
Probably because it's not yet backed by the government. Some people believes that so far the government is against it then it's ponzi and there is no two wah about it. Many have not been able to wrap their hands around and it's complicated nature keeps confusing them. Besides the media FUD helps to make it confusing the more. So I don't blame anyone believing it's ponzi.
A similar tone was also pronounced by DBS Singapore group technology director David Gledhill, one of the largest banks in Asia, deeming that the currency of cryptocurrency bitcoin is a financial fraud scheme. The Ponzi scheme is an illegal investment mode that gives investors an advantage of their own money or money paid by the next investor. Profits aren't obtained from individuals or organizations that carry out investment activities.
The Ponzi scheme usually persuades new investors, by offering higher profits, than any other investment in the short term, with a very high rate of return. The continuity of such high returns requires an ever-increasing flow of money from new investors to keep this scheme going. However I don't think so, IMO Bitcoin's a Digital Asset not a Ponzi scheme and not a fraud. Those who say so usually people who are altogether, have never been in the world of cryptocurrency, so they don't understand how Bitcoin works.
The Ponzi scheme usually persuades new investors, by offering higher profits, than any other investment in the short term, with a very high rate of return. The continuity of such high returns requires an ever-increasing flow of money from new investors to keep this scheme going. However I don't think so, IMO Bitcoin's a Digital Asset not a Ponzi scheme and not a fraud. Those who say so usually people who are altogether, have never been in the world of cryptocurrency, so they don't understand how Bitcoin works.
I think its lack of making proper research about it and many that are already in ponzi scheme knows how the system work where you can gain or loose and btc too its volatile in nature which makes them believe its ponzi
That is right, they are easily getting discourage of what they are hearing from the news and from everywhere, they don't exert much effort of investigating about it or knowing the real one if they really want this to have in their life, they are the kind of person that are just happy go lucky. 
I think its lack of making proper research about it and many that are already in ponzi scheme knows how the system work where you can gain or loose and btc too its volatile in nature which makes them believe its ponzi
They treat it as a Ponzi scheme because they have done no research about it. They call it ponzi as it such huge returns and everything is online only.
The people treating Bitcoin as a ponzi scheme are doing so cause they aren't able to grasp how a currency can gain so much value in such a short time. Also how a currency can have so much volatility, they relate this volatility with ponzi characteristics. Also some people hate the fact that they weren't able to get in early into bitcoin so just call it a ponzi scheme to make themselves feel better.
People just don't care enough to do their own research and understand subject.
It's much more easy to hear a few news or read a few articles and get own, wrong and simple idea about something new, unknown and revolutionary.
They don't understand crypto and see it as some kind of ponzi scheme, not like real market where price depends on supply and demand.
Such people I don't listen because they are losers and never make any success in life.
Why?
Because they are not willing to make any effort and they are scared to try anything new.
It's much more easy to hear a few news or read a few articles and get own, wrong and simple idea about something new, unknown and revolutionary.
They don't understand crypto and see it as some kind of ponzi scheme, not like real market where price depends on supply and demand.
Such people I don't listen because they are losers and never make any success in life.
Why?
Because they are not willing to make any effort and they are scared to try anything new.
This is cause they are too lazy to understand it. Just ignore those people as they make no difference.
you cant really blame people who sees it as a scam because it happened to me too at first before i had a change of mentality this is due to the fact that lots of people as been scammed by cyber scammers and fraudsters, so people are being not to be scammed. now people are beginning to see bitcoin as an investment but not a ponzi scheme.
I think some people base their comments on what they have read or heard to others who also have the wrong information. They easily judge anything without enough knowledge of what they are talking about.
That's because they do not fully understand what is Bitcoin and how it works and they do not know the definition of ponzi schemes. How can they call it a ponzi scheme if no company operates it, so who will cheat people, is not there right? ponzi schemes also offer high payouts, so who offers it in Bitcoin? no, because absolutely no one is obliged to pay you when you invest.
I surprised to know that some people treat btc as ponzi scheme . There is a main reason who have didn't knowledge of btc.whenever btc has expanded its projects in early days & become a popular name of currency. I think it is a crowd of those people who wants btc could not increase his popularity in the market.
Many people think that Bitcoin is a very confusing thing, but Bitcoin is something that is simple to understand.
If asked what is bitcoin (abbreviated BTC), then the simplest explanation is Bitcoin is a decentralized global transaction cash system.
If asked what is bitcoin (abbreviated BTC), then the simplest explanation is Bitcoin is a decentralized global transaction cash system.
Bitcoin doesn`t meet the definiton of Ponzi Sheme. They conclude it just from the surface viewpoint.
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 opinion, they do not yet understand the nature of the blockchain, bitcoin, currency, bitcoin values are valued by the limit and decentralized number, and the community believes in bitcoin as a valuable, cryptocurrency asset. In the future, many people are willing to spend money to own cryptocurrency as an open minded But I don't understand the reason behind this type of thought?
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