Why some people treat BTC as ponzi scheme? - page 7.

Boysen

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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?

Many people describe bitcoin as being a large-scale ponzi scheme mainly because without users and investors, bitcoin would pretty much be dead right now. And the increase or decrease of its users vastly affects its value. That is why it is regarded by many as a ponzi scheme.

charlemagne_15

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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?

We really can't blame the others if they think bitcoin is a scam. We cannot judge them easily by that because I believe they have a reason why they labeled it as a scam. I think most people have a mind set like that is because of the experienced they encountered. Hearing bad incident regarding to bitcoin by others is also one. Another is they simply just can't understand it well.

roborttyler

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I think the bitcoin's future is great and it will be even more popular that it is today. From this observation, they immediately jump into the conclusion that since the price is increasing and the number of investors are also equally increasing, the gain of Bitcoin's price is taken from the money that is paid by the new investors. This indeed looks like a ponzi scheme to someone who does not want to understand more.

JohnHendry

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I think they don't have the capability to understand it though if they want they can get a lot of proves that is enough to prove them wrong.

Syakbrown

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actually this problem can be solved if they want to find out what exactly bitcoin is, because those who consider this bitcoin the same as ponzi are those who conclude an without the science of bitcoin. hence they can not distinguish between bitcoin and ponzi

anitaraymonds

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It actually depends on the experience after their being part of the crypto currency. If his experience is bad and met with loss, how on earth will he on meeting same people again talking about with same product. He will never want to be part of it because of his past experience. But when someone is well guided and entrenched in bitcoin will he then understand bitcoin and its operations.

cryptocurrencyguru

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if some feel btc is still a Ponzi scheme it is lack of knowledge on blockchain technology and even Japan government legalized they should devote some time rather than saying it is Ponzi

AlisaWhishie

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If you have some friends that call bitcoin a "Ponzi scheme", then you probably should send them this video https://youtu.be/5UVpLPtgdF4 by Khan Academy or any other material about this topic. It's necessary to have a clear understanding of how these schemes actually work, especially for newbies in crypto market, as there are so many scam projects around, including Ponzi schemers.

collision00

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We can't say anything in regards to the somebody's mindset. There could be even a large number of individuals who consider bitcoin a trick and doea not accept bitcoin as an advantage and manageable digital currency and as you are likewise saying that a few people consider bitcoin a Ponzi conspire, I think they called it in light of fast flactuation in the valuation of bitcoin that it get climbs to such a high esteem so individuals use to contrast it and any chit subsidize organization who use to gather individuals cash at that point took off however for them is that bitcoin is a benefit an asset which is an aid for the mankind.

qiqide

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When we talk about Bitcoin, Ethereum, or any other crypto currency, neither the "Ponzi" nor the "pyramid" are completely accurate descriptions of how these systems actually work. Traditional Ponzi schemes are usually managed by a central operator , who is responsible for attracting new funds and paying out a certain algorithm. Schemes collapse when the claims exceed the amount of funds deposited, so that the scheme operator can not satisfy investors' requests, causing a loss of confidence or a massive outflow that undermines the liquidity of the system.

bce

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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?

the good and bad thinking depends on the investor itself because we know that bitcoin can grow and even can be destroyed also it is also the investor who made it

Len_nin

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xCrypt

Those who treat BTC as ponzi scheme maybe were just unlucky and invested some finance,not trying to explore it better and know how everything works on BTC. And high likely result didn't satisfy them,work har and you succeed.

Google+

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Leading Crypto Sports Betting & Casino Platform

it seems that mentions bitcoin as ponzi scheme because bitcoin has a referral function and there are many groups that use bitcoin as a tool for false investment containing hyip and ponzi elements so that many new people are trapped there.

aryadiningrat123

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I do not really know about it but I try to explain to you because bitcoin is a very popular investment tool so they just want to get the advantage of bitcoin they also do not think down they have made bitcoin decreased

jpaul

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Because they dont know what they are doing, or probably dont know what bitcoin is all about. Bitcoin has repeatedly proved its worth in the crypto platform severally, recovering from the dip zones to regain lost value overtime. Ponzi schemes are cash grabs, the founders would have gone under when Bitcoin hit its peak but they are still here. Bitcoin is not a ponzi, has never been and will never be and those people treating it as so probably dont know what they are doing

pancawati77

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The ponzi scheme no one knows it and at first I did not believe that bitcoin was real until a friend of mine who explained it to me. How can I invest and make money? Now I'm still spreading the word about it. Cool

Aryadwipanggah

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maybe we can only tolerate the thinking of those who call bitcoin like ponzi, because they have no basis and do not understand about bitcoin

Joyeeta

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Not many people are familiar with crypto, or digital currency, some people believe it's all fake, and there can't be a digital currency, however within 2 years, they will understand what is crypto.

Sam San

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Quote from: Livshic on June 09, 2018, 08:08:06 AM

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?

Do you mean financial pyramid? Actually, most of the assets are pyramids. Imagine the situation, when every single holder will sell his bitcoins, what will happen then? Losses, of course. Non-pyramidical systems don’t work so.

Cryptocurrency in General and bitcoin in particular continue to remain for many completely incomprehensible phenomenon,hence the comparison with the financial pyramid.In fact, cryptocurrency is a virtual means of payment like any currency.

hachiman13

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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?

THAT is the reason why they think it is a ponzi scheme. Many people get rich and some made their lives easier in a short amount of time that a normal person with zero knowledge of cryptocurrencies assume that it really is a ponzi scheme. We can't do anything for them but to explain why it is not what they think it is.

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