Why some people treat BTC as ponzi scheme? - page 6.

darkangel020716

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Quote from: Considered on June 11, 2018, 11:04:23 PM

people treating Bitcoins as a ponzi scheme dont know what they are doing or atleast arent well informed on what Bitcoin are, the coin has proven its value time and gain and has managed to recover from very tight situations, if BTC was a ponzi, the developer would have gone under when it was at the peak.

True, Maybe people like that is simply dont know anything about bitcoin, They just here to speculate and do some fraud accusations against bitcoin, Bitcoin has proven its value until now, When the price is declining, people always making some thoughts that it is the end of bitcoin, which is not true, bitcoin is always been this way since it began and now some normies are treating bitcoin as a waste of time? come on do some research dont just speculate.

arguelles84

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when people believe that bitcoin is a Ponzi scheme, they simply do not really know what the Ponzi scheme really is. in this scheme, the former can profit from the latter, and the latter usually lose their money. in bitcoin, they make a profit at the expense of demand and appreciation of the currency, that is, a priori, all in a win, only if you do not make emotional and hasty actions.

ivrynx

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Quote from: leoleobeck on June 12, 2018, 12:04:41 AM

The Ponzi scheme is a fraudulent investment scam that promises low risk and high returns. The Ponzi scheme rewards old investors by acquiring new investors. 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.

It is true that networking companies use bitcoin for profit, but this just gives a bad image on bitcoin, bitcoin was never meant to be in those companies, this is encouraging more FUDs, since we all know networking schemes seems to be profitable, but only for those who had started it first, those who are left out and on the bottom will never havr the same profit at the top, and then once you incorporate bitcoin with it, what will bitcoin be? Is it a product of their company or a as means of transactions? And bitcoin is volatile those people who will join in that networking company wouod never understand how it works, since the only thing that they want to see is fast earnings.

alexs_03

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Each financial specialist doesn't have the correct information about digital money. The beginner financial specialists make remark in view of the cost. So if the cost is low then they will guarantee it as Ponzi. I trust this is because of people encounter genuine challenges perceiving how Bitcoin gets its regard Grin

jpnl0004

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Understanding is very important but some persons fail to realize this part of it you can not succeed in what you do not understand i wonder if people feel bitcoin is some sort of magic that is to be performed to get money there are procedures to it and that they must followed.I believe they treat bitcoin as scam because they do not understand it.

helen28

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Quote from: jpnl0005 on June 12, 2018, 04:29:44 PM

Sometimes people get affected with other people's stories who might have been a part of it and made a big loss from it so they decide not to be a victim of same situation without understanding the mistakes made by the other persons they conclude by saying its a ponzi scheme.Some people are so lazy that they do not ask questions or make researches.

They don't know what they are doing so they are really treating bitcoin as scam, some were also victim of it without investigating what is bitcoin and how it works, that is why in everything that we are doing we must have at least knowledge and background with it.

jpnl0005

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Sometimes people get affected with other people's stories who might have been a part of it and made a big loss from it so they decide not to be a victim of same situation without understanding the mistakes made by the other persons they conclude by saying its a ponzi scheme.Some people are so lazy that they do not ask questions or make researches.

avary18

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Lack of knowledge i think for what is cryptocurrecy and what is bitcoin.And they did not exactly understand the whole fundamental blockchain and this is what they all say that bitcoin is ponzi scheme.

Boldmaxx

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Many people do not really understand exactly how blockchain technologies work. Rather than taking their time to carry out a critical research which can depict the fundamental application of blockhain, they will just call it what they like or what they think it is. Calling Bitcoin a ponzi scheme or pyramid scheme shows that the individual who does that does not really understand the platform and its usage.

Manc89

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Quote from: ArnoldChippy on June 07, 2018, 06:48:31 PM

Quote from: Jpja on June 07, 2018, 05:31:48 AM

I don't think bitcoin is a ponzi scheme. First of all, bitcoin is decentralized and this is the strongest argument in favor of the fact that it is not a ponzi. Bitcoin has very good growth prospects, you just need patience.

No doubt that bitcoin is not a ponzi scheme. It is real and trusted. Perhaps it was a ponzi scheme, then it may not be so much succeeded, and may not be still in active form. Bitcoin will remain in its origional position forever.

Why is ponzi? I know people think about volatility which make many people loss but its not reference to say its a ponzi or not.
In other trading like forex also many people loss and profit and its the same with crypto. Will you say forex is ponzi? I dont think so. Bitcoin is made by blockchain technology. The technology is the proof that bitcoin is not ponzi.

odpadnik

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Tech enthusiast, SEO jedi, Crypto investor.

Quote from: Considered on June 11, 2018, 11:04:23 PM

people treating Bitcoins as a ponzi scheme dont know what they are doing or atleast arent well informed on what Bitcoin are, the coin has proven its value time and gain and has managed to recover from very tight situations, if BTC was a ponzi, the developer would have gone under when it was at the peak.

Well, let's be fair here. Being well informed takes hard work (and even then you can't really be 100%, can you?).

Cases of fraud that went on for months or longer are everywhere in Bitcoins past,..just remember Onecoin for example.

But, it's not only the Ponzi schemes, it's also other types like "fake investors", "fake coins" or simply various ransomware that was popular not to long ago.

Long as people are greedy enough, they will find a way to exploit the system and it's users.

Take a look at types of crypto fraud and how to avoid it, it may give some more clarification.

Cheers Cool

leoleobeck

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The Ponzi scheme is a fraudulent investment scam that promises low risk and high returns. The Ponzi scheme rewards old investors by acquiring new investors. 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.

Arata

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Maybe it all started with the spread of bad news about bitcoin which I think is a FUD strategy to market new coins, yes by dropping bitcoin. Especially now many new users, just signed in with the understanding of FUD isoktrin. The rich and the rich with bitcoin are old people who are not affected by the FUD.

iMark

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Quote from: queenlaurel on June 11, 2018, 05:32:22 PM

Its only natural for those who believe it's ponzy scheme, maybe they have being involved in one before. The only thing is that they have to be enlightened about Bitcoin. That is of they are not too lazy and unwilling. They need to be explained to properly and taught on how Bitcoin works.

Yeah, because they don't know bitcoin in depth yet, I don't know which article or news they see, maybe from the state media? so they can say that bitcoin is a ponzi investment lol, whereas the system is so much different with bitcoin, you can make a big profit even if you're a new user though

Considered

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people treating Bitcoins as a ponzi scheme dont know what they are doing or atleast arent well informed on what Bitcoin are, the coin has proven its value time and gain and has managed to recover from very tight situations, if BTC was a ponzi, the developer would have gone under when it was at the peak.

Raggie

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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?

Let them think like that. We already know and experience it that we can get much earnings from bitcoin and crypto.
Peoples who always think bad about bitcoin should not join bitcoin. They only destroy the community.

queenlaurel

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Its only natural for those who believe it's ponzy scheme, maybe they have being involved in one before. The only thing is that they have to be enlightened about Bitcoin. That is of they are not too lazy and unwilling. They need to be explained to properly and taught on how Bitcoin works.

nichoslalble

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The Ponzi scheme is a financial pyramid, in which each subsequent participant makes contributions and allows earning the previous one. Ultimately, the last members of this community cease to make their contributions and the entire pyramid collapses.

xiebaowang

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Bitcoin itself is valuable, and the circulation system is more advanced. In the future, the currency may evolve towards Bitcoin. However, bitcoin itself does not generate profits. Just like gold, investment gold can only preserve value and cannot increase value.
BTC is not a Ponzi scheme!

AngelJoshua

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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 didn't say that I fully understand what bitcoin is but some people who think that way obviously don't know what bitcoin is and what it can do for us, Like what you said it makes some people rich and bitcoin gave us some money too because we know the simple knowledge/way on bitcoin that will help us to earn some money using or doing some work in bitcoin industry.

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