Bitcoin Forum

Still, what I don't get is why we have too many digital assets trying to solve the same problems. Yeah, I get it blockchain is immutable, but most of these projects make crypto look bad.

IMO, it simply looks like the attempt of some whales to scale up their portfolio in BTC and possibly ETH or other more credible platforms.

We see new projects almost every day; and across their community groups (especially telegram) the most audible comments are 'when exchange...', 'when Binance...' As if that's all that really matters.

I may not have the facts, but my gut says well over 50% of these assets aren't faring well. And these are people's investments.

Is there something that could be done about upcoming ICOs with nothing to show (no MVP), to reduce the risks of investing in projects that will just flop?

With the big hype last year many people are seeking to make profit by creating their own project. Regarding coins (BTC, LTC, Dash & co.): With a bit of knowledge (programming skills), time and dedication everybody can create his own cryptocurrency. Add a bit of marketing and an exchange listing (which also can be bough) and you got yourself a coin and as a founder/developer you will be a whale as you can control the early supply.
As it is so easy to make a coin, tons of new ones popped up but 99% might be of no relevance in the future. However, it is possible that we will big decentralized exchanges and connected widespread payment processors which can convert all currencies cheap and effortless so that all coins will be useful to some extend in the future.

Regarding ICOs: Same as for the coins, lots and lots of new projects. The difference here is: the initiators often want "real" money and "hard" $ instead of crypto. Watch out as for many projects, especially the non-blockchain ones, often it is not clear what function their tokens has, nor would the business as a whole require a token or blockchain solution anyway. So you might end up giving them money, buy lots of their tokens, but the tokens might remain worthless forever, even if their project is taking off...

Comments like "when exchange...", "when Binance...", "when lambo..." etc are mostly from airdrop recipients who got something for free and don't really take the time to research the project

But you're right a lot of the projects are just different versions of the same concepts

Lol how can you generalise the entire crypto currency segment as a scam? Yes there are scam ico which loot ico of their money but it also exists in every field.

ICO model is essentially a new approach to venture capital. Yes, most will fail, but that's nothing new in world of startup investments. You invest for the hidden gems that will net 100x or 1000x returns. Most will fail but those investing have sn obligation to do their research and understand how the market operates at a basic level.

That's how the ICO became hype due to the reason that they can solve problems that are existing in the industry. But reality speaking, all of them have the same purpose of gathering funds and to make their coin tradable to almost everywhere. Are you also sick of these ICO's that are becoming too obvious that they are only doing it for money making purposes?

This is why it's very bad for cryptocurrency -

a mentality like this:
- so should we continue to accept that and ignore the reality that many good and prospective projects suffer a terrible fate because of the mistakes of faulty projects.

&

, in a system that is yet to be regulated and is in constant view of critics; should that be condoned?

all the goals of ico are to penetrate the famous market as the future development of their coins / tokens, the main support is investors as a ladder leading to a high price peak

Crypto currency now are seeking to be the next bitcoin with its decentralization scheme that is why many are trying their luck to get a community based with enough hypes to support its blockchain technology. But at the end of day investor are only seeking profits and sometimes not really supporting the goal and purpose of its project.

As I noticed, even a small problem, they try to incorporate it with blockchain and conduct an ICO. They took crypto as opportunity to create profits eventhough their project is so common. Doing referal airdrops to get big community and be hype. It is difficult to find nowadays a real ICO who is serious on the real essence of using crypto.

Crytpocurrency are not ponzi and i don't think its not even near to ponzi and i personally take the cryptocurrencies purely a trading business just like stocks, forex and commidities. I think that people are calling cryptocurrency a scams just because they have been scammed or praticpated or invested in scam and shit projects which has no value and no demand in the market.

Anything and everything is a Ponzi...

What matters is, till when can it sustain...

Life itself is a Ponzi...

But yeah the Blockchain tech is revolutionizing the tech industry and is here to stay...

Most tokens are not ponzi but totally a scam or investors are mistaken when investing in them seeing them as security. But there are ponzi coins as well.

some of them rely on ponzi but most of them are not . Some of them are scam etc. It goes like that. I can't say whole cryptocurrencies are ponzi.

I mean, I guess in a way that getting more people in on the crypto world would increase the price since there's more demand, then that way is a ponzi. Other than that, I don't see how you could consider it a ponzi. Is fiat money a ponzi? It's basically the same thing except crypto is digital.

Theres nothing we can do on how to stop those useless projects would flood out the entire market as long there are greedy people do tend to make a scam project just to make a good quick bucks from investors.
I do agree on some of your points that crypto is somehow a Ponzi but not generally yet we do know that there is really a real innovation on here but the system on how to cash or funds circulates on the entire market we can really make these presumptions.

Exactly we can not do something about this because they can really do what they want if they have the resources and capabilities to do an ICO then let them and some on the telegram that had joined the ICO was always asking for an exchange on certain token because they really want to sell that Token from hard earn money instead of staying as a token forever, Who else doesn't want that? Or they can simply sell that token and buy for some leading Cryptocurrency especially bitcoin, And In my opinion if there are ponzi cryptocurrency out there, There are still legit and we can say a trustworthy Coin that we can choose.

Yes, most of developers nowadays are using the same methods thinking that it will bring up the people to start investing. Most of them are scams. Focus should be put on projects that have their own idea to create their own platform in the future. That is where the profits are quaranteed.

It's not a ponzi, Crypto is real. They have use cases and growing slowly. There are few scam ICO's as well, one must be careful while investing on any asset. Do you research before investing.

Cryptocurrency is definetely not a ponzi. It is so sad many people still see it this way... This digital currency, the wolrd is not reamining thesame and everything is moving forward. The earlier those who thinks it's ponzi realize it's not and invest in it the better because they will be left behind.

Nope crypto is not a ponzi, just because a lot of ico scam,, it doesn't make crypto is ponzi
You should know how to choose a good crypto my friend
And i believe you will change your mind
Regards

Just like any other business there are risk when you invest. Noww these companies are probably here to ride the current hype and that what business is all about, does it look bad in a way? Maybe but as long as there a willing investor who believe he or she can make profit these companies will exist. You might be surprised that most of them is just a branch of you favorite currency.

This is the lack of knowledge. Just because of some scam ICOs, one should never call the whole crypto as scam or Ponzi scheme. We have coins like Bitcoin and ETH which have gotten lot more potential and have been imparting great money and benefits after being viewed as scam in the start.

So I think the technology is never a scam and the people on its back make it happen. Bitcoin alone has the potential to replace your banking system and upgrade it to the nest level and many more great things.

I think so. Because we invest in altcoin but no monthly income and we do not receive any reports from the company's board. So we can assume that the altcoins are ponzi models.

I agree with you, most companies do not give a financial statement of how they run the business with the investor's funds. In some cases, they claim that they were not issuing shares but token offers; which according to them their disclaimer notices permits excludes them from severe legal actions. But who will ever simply throw money away into a project if they didn't consider it as an investment in the first place?

Crypto is not a ponzi scheme that will provide high profits from their own money or money provided by new investors. This crypto investment is like you invest dollars, you can get the price difference from selling and buying.

Cryptocurrency is like investing in stocks, it is a real investment. It requires us to analyze and evaluate the market. Ponzi? It is simply a scam.

It is not a problem, few projects can work on same thing basically they are not same, but today the reason we see lots of projects working on same thing is that they just want to raise eth and get rich.

All of the ponzi scheme accusations that are leveled at cryptocurrencies could also be leveled at many other things such as stocks or precious metals. They only continue to increase in value as more new money enters the market. Crypto is not a ponzi scheme and neither are they because of the fact they don't promise a return.

The fact shows that cryptocurrency is not a ponzi scheme. For anyone who says that cryptocurrency is ponzi, I just want to laugh. They have not seen how cryptocurrency evolved at this time, there are many changes that lead to positive things and even now many people have acknowledged that cryptocurrency is a form of digitizing the financial system in the world and this will be applied to the global financial system in the future. Cryptocurrency is a form of technological progress and this will form a system that is mutually sustainable and also requires each other.

Crypto is not ponzi, it's a well known digital currency. We have Fiat currencies "i.e paper money" commodity money "crude oil, gold or share" and digital currencies "crypto"

I think crypto currencies are not ponzi,
crypto currencies are a future where assets will become digital

Nope, definitely not a ponzi, but indeed we have a lot of scammers and all those people dealing with cryptos who wanna get rich quick. Sadly, people like those mentioned were widely common when the total marketcap of cryptos was rising fast to 800bil. And thanks to that, people might often see crypto=ponzi.

ponzi is a bad thing and I really hate it, there are a lot of ico scams, fail and also have the same concept or idea but cannot solve the problem or do not match their goals and roadmap. it's sad, because there is a lot of money that revolves around ico and also the best hopes from investors. but everything is gone and slowly they become useless shitcoin. I was confused, why did ico still keep selling and a lot of interested people?

Nope, it is not. However, the hype might create an effect similar to ponzis, that more and more people buy into the coin, then suddenly everyone tries to reap the profits, and the prices go falling. But that is how trading goes.
Ponzi schemes have a bad intent from the start. Crypto is usually just trading. So it is not a ponzi.

In a sense, any financial market is built on a ponzi scheme. In order for someone to receive 2X, it is necessary that this money entered the market from other players.
More important is the question, will crypto be a bubble in the future?

Definitely not a ponzi because they are backed by real projects/companies but if you take only trading secrion then one aspect definitely resembles with your point and that is constant flow of new money and volume for constant growth in value of coins but then again this is required in all the capital markets.

In my opinion, there is not cryptocurrency sense be considered ponzi in this case can we consider actions a ponzi style? I do not think so, cryptocurrency is considered to be an extremely aggressive and malleable investment. However let's not deny that there are projects related to the theme but we can not generalize and characterize the cryptocurrency market as ponzi.

Not all. But yes a lot of people wants to be rich and they use everthing thay can think of to take money from people. Someone starts something and if it works the next day you have 10 new things like that and copycat and then scammers come in it also, and that what happened tin crypto. Thats what we have today. But not all is scam.

crypto is crypto. using crypto on ponzi doesnt mean crypto is ponzi. the important is how you use it. not what you use.

Under pozni you mean that crypto being created just for earning money? Well maybe most of shit coins are being created with this mission but I think there is true useful and worthful projects.

What do you give the word Ponzi? I think so the question will be put more clearly. Does the world have crypto currency, manipulation and fraud? My answer is yes. But this does not mean that the crypto-currencies and their creators are to blame for this. As light attracts night butterflies, so money beckons scammers. It is inevitable.

Of course every projects needs rivals with same concepts
It is just like a proof that the concept is needed and worth it for modern people live and will be exist for long time

If what you mean if the whole cryptocurrency market is just a ponzi scam then you are very wrong, only the ICOs that would want to have your money are and that is why it is important that you evaluate said ICOs to at least minimize the risk of you getting scammed while investing to such projects. Though it is true that as of not one of the reason of distrust and negativity in the crypto space is due to such scams it can be prevented if an investor would only take time to investigate and evaluate these projects.

Cryptocurrencies are not ponzi schemes, but some are. Just recently we had situation with bitconnect, do you remember, many people lost a lot of money cause they believed in that. Owners and people close to them cashed out on 400$ and after that coin dropped hard to just couple dollars, I don`t know where it`s now I didn`t hear nothing in last couple months, I will check it out I`m interested to know what is happening with that.
When people don`t have arguments against cryptocurrencies, they start to talk how its a big ponzi scheme, they are very wrong about it, but let them be, we can`t do nothing about it.

50/50
some are some are not
same thing happen when stock first comes out
there are ppl that will take this advantage to make it a ponzi

Unfortunately, there are tons of ponzi coin in the world of the cryptocurrency, but on the other hand, we have been seeing the success of many altcoins. I think the best thing to do is that, finding the best options and trusting the strong coins.

The definition of a ponzi "is a form of fraud in which a purported businessman lures investors and pays profits to earlier investors using funds obtained from newer investors". - curbed from Wikipedia.

Now, if we are to relate this definition to cryptocurrency, no one is forcing anyone or deceiving anyone to invest, but it is a choice. Secondly, there is a value for what you want to invest in when it comes to cryptocurrency which is the fact that with it, you can make faster transactions globally without a third party and this is one great value among others as far as I am concerned, which is one thing ponzi will never give you.

Ponzi implodes over time as it would not be able to sustain itself, so we can say shit coins may be a ponzi, but not the entire crypto world and most especially for projects with great products.

well
just a stupid people asking like that
a shit people ,
i also wander , why their invest on some project ,if they cant waiting about the project going well.
so basicaly people just think like this
ico start > invest > ico end > got some exchange > sell > find another > back to step 1

One thing about this life in general is that, as you are profiting from something, someone else is paying for the value of what you are profiting from. In this case, this is where the currency aspect of crypto comes in and the differences we have when comparing to fiat.

Ponzi is a pyramid scheme and it is just more like people deceiving themselves over something that no one is getting value for except to be using the down line to pay the up line and so on; this is not the case with cryptocurrency.

Some crypto projects like bitconnect and many of its copycats were sure ponzi schemes. Most ICOs projects, whether good or bad, are not ponzis as such.

Cryptocurrency ain't no ponzi,  cryptocurrency is a real business just like trading in forex exchange,  although some ico act in such a way as ponzi but that doesn't mean you will generalize all cryptocurrency as ponzi,  I could remember bitconnect , it acted as a ponzi then

Read the whole context of the Op, not just the title people, of course, some of them are just Ponzi's having the same specs from another altcoin but claims they have better features and a wide scale of adoption with a lot of promises to its investors well it is good to have some better option but to the extent that some ICO ignores their community, full of excuses to their delays and their exit scams are so tiring that damage the crypto, for the groups we have common people from bounty and airdrop asking the same thing over and over again from their telegram channel they will be gone once they've dumped their holdings.

There's nothing we can do to eliminate fake or ponzi project but if the cryptocurrency investors, traders and communities educate themselves about how to choose genuine project once the fake ones we quit if they don't get the attention of people.

Firstly, cryptocurrency is not ponzi and we both know that there are some people who choose to abuse the features of blockchain and cryptocurrency technology.
Meanwhile, what we have to do is fish out the fake or ponzi project our and this is what I expect the US SEC and regulators to do rather KYC implemented.

No of course, cryptocurrency is real currencies used online and in many cases offline too to buy/sell services and goods, and to complete the trades. There isn't any relation between the Ponzi scheme and the crypto world. You should learning more about cryptocurrencies before asking such questions, and this forum can help you to get the essential knowledge about crypto.

I don't understand honestly when people try to make a connection between cryptocurrency and Ponzi scheme. The connection doesn't exist completely. Cryptocurrency is not a Ponzi scheme and never will be. Can you believe that the blockchain technology is not a reality? These are technology is a byproduct of the cryptocurrency emergence.

perhaps the adoption of certain laws and the legalization of the crypto currency in certain countries will make real opportunities for crypto currency in general for world popularity and use by society.

Ponzi creators did used and abused the essence of crypto's by using it with their schemes and we can't deny that some of those altcoins are also being done that way.

Remember Bitconnect? that's how these scammers are using and abusing crypto's for their own good. And this created a bad image to crypto's and the reason why many are scared of entering and investing here.

indeed some altcoins adopt ponzi schemes, but they don't last long, for example, bitconnect. if an ico does not have an MVP it does not mean that it is a ponzi scheme, that ico which has MVP alone cannot necessarily succeed or reduce losses, there is no connection between MVP and success.

if ponzi you can get profit everyday without anything
in crypto you must trading can get profit, maybe several ico coin without project only collect money scamer

There are even those speculating that even if cryptocurrency were to fail, it has revolutionized the way investment functions, providing for more transparency and integrity. And for all the accusations made of bitcoin and other cryptos being a Ponzi scheme, there is still no proof that cryptocurrencies made promises of spectacular profits at least not the good ones (Do not include meaningless coins). To the contrary, many have made and lost money due to the volatility of its price. Unlike Ponzi schemes, many cryptocurrencies will still have value and continue to function even if no new participants join the ecosystem.

no its not.