Topic: Why some people treat BTC as ponzi scheme? - page 8. (Read 1234 times)
Bitcoin is obviously a profitable asset and is an open market in which people sell and buy at will. No one pulls the strings behind it. So if one has got the idea that Bitcoin and a Ponzi scheme have something in common then he/she must be anti Bitcoin and lack knowledge.
I think it's Bitcoin's dramatic increase in price that leads a bunch of unknown poeple to believe Bitcoin is a Ponzi scheme.
each person a different thinking. No one can think like anybody. bitcoin has changed many lives, so many people got rich. But there are some who have aversion to bitcoin for some reason. As in my country some ignorant people still think bitcoin is deceptive
This is because of the way that a great many people did not av principal learning of bitcoin and the exchange capacity of bitcoin as a future money in that sense they miss bitcoin with ponze plot
Scammers use Bitcoin's fame as well as other cryptocurrencies' fame to hoodwink unaware people into investing in their system. Those scammers offer extremely high interest rate and a well-above average returns. More lucratively, they promise to pay tip for those attracting others to invest. But all of a sudden, those clever tricksters vanish into thin air. Consequently, the victims blame on Bitcoin for scamming their money and consider it as a Ponzi Scheme.
I suppose they're unaware of what Bitcoin is and what Ponzi scheme is and just follow the bad rummors about Bitcoin.
Because the fact that happened in the market looks like it was .
although now bitcoin looks more like an actual market but moment moment pump still many who assume if there is certain group that move its price.
I think it makes some new users or new adopter think that this is ponzi . but it is not .
although now bitcoin looks more like an actual market but moment moment pump still many who assume if there is certain group that move its price.
I think it makes some new users or new adopter think that this is ponzi . but it is not .
some people treat btc as pozi scheme because there are people who offers an easy money way.They offered great earnings at very easy way which can lead to fake investment.Let us just be careful if someone says that they found a new and easy ways of earning and eventually they asked to you to lend some btc as initial investment.Consider these truth,we can be able to avoid these fake investment or so called ponzi scheme.
because they dont understand what btc is. so they are assuming that btc as a ponzi scheme.
I think it has to do something with the things that happened before.
People do not tend to embrace something new, instead they try and find similarities with what they already know.
Therefore, until BTC will be accepted as the real currency (which i doubt), we gonna find people thinking of it as "another ponzi scheme"
People do not tend to embrace something new, instead they try and find similarities with what they already know.
Therefore, until BTC will be accepted as the real currency (which i doubt), we gonna find people thinking of it as "another 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?
Because they saw many bitcoin holders from the earlier time have gain so much returns with their bitcoin.
They are wrong, but we can prove that bitcoin is not a ponzi by join to involve in bitcoin and get some incomes to show them.
You know ponzi scheme is also a little similar of investing, at least people put in money to get more money, but BTC is totally different because it's also a soft currency not hand to hand money
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.
It's simply because of not understanding what is bitcoin and how it works. They giving their judgement easily without fully understanding how it works. Plus, there were certain people who do scamming works and claims that it was bitcoin like here in our country, they do ask money for investments from other people and tell them that this will be invested in bitcoin but that scammer will run away and take their money. That is why most of the people who do not understands bitcoin gives misconceptions about it.
the Ponzi scheme is based on the fact that, in fact, Ponzi is the central element that attracts new members for money and organizes payments. in the case where the claims of payments are greater than the funds invested, the scheme falls apart. This happens inevitably, sooner or later, since infinite expansion is impossible. and in the bitcoin scheme there are no intermediaries between who entered the scheme sooner or later. This is a replacement - technology blockchain. besides, there is no central element in Nakamoto's scheme. these are the main factors that prove that bitcoin is NOT a Ponzi scheme.
Whenever someone hears of ways that may make them rich they are always going to think that it is a good possibility that it is a scam. Ponzi and pyramid schemes are the ones that first come to mind. Bitcoin has no relation to either with nobody like devs in control it is alot harder for a single entity to profit. Bitcoin is what it is a crypto currency that is traded and with that comes its value.
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. But I don't understand the reason behind this type of thought?
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 can't really blame them. Bitcoin as of now is nothing but a glorified pump and dump scheme that requires users to buy more and invite more users to buy more of bitcoin investments. Not circulate those readily available investments in the market. That's why I don't think bitcoin will have a bright future as an asset for investment. Because later on it will be a ponzi scheme.But I don't understand the reason behind this type of thought?
People who think of Bitcoin as a Ponzi scheme simply don't understand it and are too lazy to make the effort to understand it.
Right. They do not understand bitcoin. They think all crypto markets use the ponzy model. But maybe they were right with some mlm ICO projects. Perhaps they have confused mlm with bitcoinWell it kinda is and isnt .As a investor your hoping to unload your coins to some other sucker at a higher price then u bought it .
Soooo... It can really work both ways, depends of how much of a-hole the current "owners" are.
Guess I am an optimist - I hope, that sooner or later the majority of people will get on the Bitcoin train, because they believe in the project and what Crypto in general brings to the world, not just short-term $
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