Bitcoin Forum

Well I have once thought of why people participate in Ponzi scheme with high promising returns rather than investing in Bitcoin that can give one substantial returns when compared.

The number of Ponzi scheme that had emanated this recent time is quite alarming, with different high promising returns which is really strange. Most time people tend to participate in this schemes maybe because of their financial status, ignorance, greed and poverty.

Bitcoin investments had really helped a lot of persons grow wealthy which still continues. I could remember a friend of mine who had became a multi millionaire now because he bought about 50 bitcoins five years ago leaving it to grow before selling it back to the market. Patient is required when it comes to bitcoin investing which can give the highest returns when compared with Ponzi scheme.

HERE... COMPARISON BETWEEN THE BOTH.

Bitcoin investment requires little or more capital WHILE Ponzi scheme requires high capital.
Bitcoin investment requires low/no risk WHILE Ponzi scheme requires high risk.
Bitcoin investment could yield extremely high returns depending on time and capital WHILE Ponzi scheme can only yield low or lose of capital.
Bitcoin investment can make you wealthy while Ponzi scheme make you frustrated and poor.
Patient is required for Bitcoin investment while greed is necessary for Ponzi scheme.

There are more to write but I would stop here to see other reasons why Bitcoin investment is better than Ponzi scheme.

I have no idea as to why you are comparing Bitcoin with a ponzi scheme. We all know which one is better.

People mainly invest in ponzi scheme because if greed as they always promise high return in the least amount of time.

Bitcoin is a completely different concept, you have to know a little bit about it before investing in it. Those who do not tend to state it as a ponzi scheme when their invest suffers because of Bitcoin going into the red zone.

Bitcoin and Ponzi scheme are two things entirely, everything about bitcoin is completely transparent, unlike Ponzi that have hidden side, but hidden side which will be reveal when no new investors coming in such a way no money will be generated to pay last investors that invested into such scheme, leading them to lost great amount of money. Ponzi can never be successful but bitcoin was able to be successful because it is completely transparent, and yet deflationary in design, nobody will like to miss during bull run, and yet deflationary. if investors can be patient, they will not lose.

Sowm people will not know but out of ignorance, Ponzi scheme can be selling fake products, or offering fake services just to let investors to think it is a good business, but it will be underneath that Peter money is used to pay Paul, that no product they are selling and no service they are rendering. That is why people need to make proper research before getting into any business because many can be Ponzi schemes.

There are some ignorant people who think of bitcoin as just another ponzi scheme, but you are preaching to a choir as noone here (except an ocassional troll) sees bitcoin even remotely similar to the ponzi scheme. And honestly, those two shouldn't even be in the same sentence.

Most people that participate in some Kind of Projects with a high promising return are New Users or people that are new into the Cryptoworld.
They just see what the promising return is as they read the project Announcements.
Next thing is they dont realy doing a research about it or they even dont know what a Ponzi scheme is .

Invest in Bitcoin is always the best as in any other project for the long term.

Just holding bitcoin, you can gain/lose because it is an asset/object fluctuates naturally (influenced by the market). Ponzi is a way of working/scheme/game that can control profits using various objects including fiat, bitcoin, gold or other valuable assets.

Holding bitcoin = you are investing (you own the assets)
Being involved in a ponzi scheme = you are joining the game (you pay and let someone else compensate you for profit)

The answer is clear  ;D ,don't ever compare something so innovative like bitcoin with Ponzi schemes or mavrodi craze (MMM), all you need with BTC is patience, all you need with Ponzi scheme is sleepless nights before crash 🤣🤣🤣🤣

There’s nothing really to compare (they’re not even on the same scale, as the comparison is 1:n), so just by placing the two together brings light on an association made by some, and refuted by many.

That does not mean that early investors or miners don’t have a cutting edge advantage in terms of accumulated volume, and thus, in results (if they played their cards right). Bitcoin has to be read with the lower cap "b" (currency) and the upper cap "B" (protocol), and the legacy alone to a new breed of currency and technology should wither away those associations.

To be honest I wasn't enough patience to read your full thread once you compared Bitcoin investment with Ponzi investment. Ponzi is nothing, sometimes earlier investors get back some funds, but lately, Ponzi means just a scam. That's it, I don't think we need any more explanation about Ponzi and Bitcoin investment. Ponzi scheme simply means a scam scheme and investing in Bitcoin for a long time means your future is bright if you have patience. So just stick with Bitcoin, doesn't necessarily to think even about Pinzi.

Your title sounds like "eating food is better than eating poison"  :D

Literally any legitimate investment is better than a Ponzi scheme, because Ponzi scheme is a scam that will leave "investors" with a guaranteed loss. People invest in ponzis ether because they don't understand that they are being scammed, or because they think that they are smart and will time their exit to get a profit.

Ponzi and bitcoin are two different things, when you invest in Ponzi its literally a scam and you will either lost it immediately because the leader or the founder run with of its member's money, without you even knowing, or they may be explaining what happens although it's obvious that its a scam, while on the other hand, with bitcoin it's like you are investing in stock market although it's digital, and you can get your money when you already profited, in some Ponzi you will not be able to get your money you can see the price rises which sometimes make you invest more and then suddenly the site will go out and the group of leaders will slowly disappear and you will never hear of them.

It's like comparing a classic rolex to a local watch. If you are an investor what would you pick? If you have money to spare? Of course your going for a good quality one. Ponzi scheme isn't even considered as legit type of investment as this poses a scam or threat to most investors. History proven that and I'm not sure if there is a pyramiding or ponzi style that is legit. If there is one I'm not sure how long they can survive.

Your comparison is like saying "Why eating a meal at a 5-star restaurant is better than eating dog shit".

When you invest throw your money away in a Ponzi scheme you are begging to be scammed. There is no return, just a whole lot of risk and a whole lot of losses. That is the design of such schemes and yet people insist on eating the "dog shit"!

That is nonsense. You can convert your fiat to any fiat at any amount. For example you can swap 10 dollar for 8.3 euro, or 10 dollar for 17170 satoshi.

There is no risk in Ponzi schemes, there is a guarantee of loss.

FTFY

FTFY

When you compare bitcoin with a ponzi scheme, it gives an idea that you consider bitcoin as some sort of scheme/investment which give you better result than any other ponzi scheme. If that's your point of view than i consider that your vision about bitcoin is not good at all. I don't see any sense by comparing the two. Both are totally different and opposite.

Bitcoin can still fall under the Ponzi scheme, and I'm not saying Bitcoin itself.

For instance, some of you might be aware of the BitKingdom scam. It operated under the Ponzi scheme but still used Bitcoin.

You are getting this wrong just like people that knows nothing about bitcoin usually think, the ponzi that involves government fiat currency, why is it then not called ponzi, bitcoin is just money just like fiat, it can also be used in anything you can use fiat to do. Bitcoin is not a ponzi in anyway, stop getting this all wrong.

Nah, it's like comparing any good working watch with a broken piece of junk.

May I clarify that the Ponzi scheme is when I simple local company using different product or procedure or simply giving out money and earning more in return?


I agree with investing in bitcoin why? you can just simply use different apps or websites just to be updated on how much the value you already raised and you can simple withdraw and deposit money by your self rather than a company that encourages you to give them money to help them sell or go worldwide endorsement which you may not know any updates on what is happening especially its value.

When you see one that can give an idea of how much they raised that is a gamble for you to make investments in a company or altcoin/token that is just starting up, therefore you need to make a wise decision.



I would agree bit bitcoin and Ponzi scheme has one thing in common you put your money into it to gain more in return so that is possibly why OP has made this topic about bitcoin investment and Ponzi scheme.  

People don't invest in Ponzi schemes because they know it's fraud, they do it because they don't know what they are getting themselves into, and don't have the knowledge or patience to differentiate a legitimate investment and a Ponzi scheme. 

All investments, including bitcoin, require risk. Bitcoin is risky due to its volatility and irreversibility. You also need to consider proper storage methods and the security of the devices that store the private keys. All that entails risk and can lead to losses. That doesn't mean it's a bad investment. But thinking it's risk-free is incorrect. Nothing is risk-free. 

For most participants in Ponzi and pyramid schemes, that is correct. But Ponzis work in a way that they lure in new investors by showing that old investors earned profit. And you can only do that if the old investors get paid. But sooner or later those payouts will stop, and the whole system collapses.

Many people still thinks that bitcoin itself is a Ponzi scheme even when crypto is more popular today, some people can be so ignorant you know  ;D, it's easier to get a Ponzi projects running on crypto space, they always have good eye popping offers that you will never get else where, most importantly the farming and staking projects

In the last 20 years, it seems to me that, mostly based on my experience, I have become an expert on ponzi schemes and scams, so I can say something about that.
At a time when there was no bitcoin and cryptocurrency, and at a time when it was very difficult to participate in person on regular stock exchanges without the help of a broker, an ordinary Internet user with little money and knowledge had very little opportunity to make money on the Internet.
Various MLM and ponzi schemes, and revshare programs, were very popular because there were no other earning opportunities at the time of the early internet.
Bitcoin and cryptocurrencies have given everyone the opportunity to participate in creating something new and revolutionary, while making serious money and without fear that someone will deceive us because here everyone depends solely on themselves and the choices and decisions we make ourselves.

You are comparing an obvious contrasting pair haha. Bitcoin investment is a positive investment on the other hand, Ponzi scheme is widely known to be a negative and bad investment (unless you do not know that ponzi scheme is a type of scam investment, or maybe you see bitcoin investment also, as a negative investment) so which is it?

Bruh, did you not read my post properly? I did mention that Bitcoin is not a Ponzi scheme.


What I meant was that a Ponzi scheme can involve fiat, crypto or both as long as there's one payment method involved (e.g. invite a friend get 20% in BTC/ USD/ ETH/ CNY back when he/ she signs up)

Bitcoin is not Ponzi but the Ponzi investment scheme use bitcoin as the payment, so people think that bitcoin is part of that Ponzi investment.
When the Ponzi investment is a scam, people will judge bitcoin because bitcoin is part of that Ponzi investment.
Bitcoin investment is buying the bitcoin use fiat money and holding it for some time and not selling if the bitcoin price does not increase.
But Ponzi investment offers people to hold their bitcoin to the programs and they will give a return after some time, but the result is people get a scam by them.

That's why people have to understand some things like this so they don't get wrong when faced with a problem like this, maybe we already know that Ponzi schemes, in general, are with investments with daily returns even with the high percentages it offers, I have Many reveal it is clear this is a scam investment in the repeated Ponzi scheme there is that it uses bitcoin as its payment.
In fact, many in my area are trapped in this with the lure of huge profits, because it is clear that the scheme is like a Ponzi.

So it is not surprising that some may think bitcoin is a Ponzi scheme investment even though what we are doing is trading while waiting for this high price to rise, it is clear that many have discussed in several forums even some institutions also consider bitcoin to be a much better investment as long as it does not go into the Ponzi scheme shutter.

Let them think that way if they don't want to know what is Bitcoin actually. It's their lost if they still believe that Bitcoin is like a ponzi scheme, they would never understand what is blockchain and how does it work. But for someone who is eager to learn and try to invest in Bitcoin, they should be the one that we should help from the start.

And OP, you should not compare Bitcoin to a ponzi scheme because we all know which is better. Trading with Bitcoin or holding it as for an investment is better than hoping a Ponzi to give your ROI if you keep leaving your money to them as investment it's not decentralized just like Bitcoin. So anytime your money would be gone for good while in Bitcoin no one could take it away from you even if you hold it for too long.

are you an economist? because usually those who always compare Bitcoin with Ponzi schemes.  Bitcoin is a digital asset whereas Ponzi schemes are scams under the guise of investing that actually just spin other people's money.  Bitcoin in many countries is considered an official digital asset that uses Blockchain technology, so stop comparing it to ponzi schemes.

Ponzi scheme is accepted as a scam publicly. There is a Wikipedia page (https://en.wikipedia.org/wiki/Ponzi_scheme) saying this. You are comparing something obviously fraud with something very risky but quite legit.

RIP Charles Ponzi

I would not surprise to see a Ponzi scheme still available in many countries as people want to make fast money and do not think that investment is not real.
People tend to join in the Ponzi investment because they are suggested by other people who already make money but they do not think that the investment only works in the short term and after that, the program will scam people.
That makes the bitcoin name bad in people's eyes because they think that bitcoin only scams them, but they do not even know that it is not bitcoin scam them but the Ponzi investment.
We can only hope that people become smart, especially for new people who tried to be involved in the bitcoin world and never easily joined in the Ponzi investment because of the offers of fast making money.

For some people, if they lose money in some project, it's easier to blame others and call the project a scam, than to take responsibility for their own mistakes.
For such people a ponzi scheme is any project in which they have lost money.
Bitcoin is definitely not ponzi but in order to succeed you need to learn something, research and follow certain rules.
Unfortunately, a lot of people don’t have the patience and will to learn and explore, and they want success overnight.
I think that there is no help for such people and that they will always and everywhere see only fraud and will never achieve their financial goals.
Ponzi schemes will never disappear precisely because of such people who are not willing to invest their time and effort in learning and looking for the right opportunity, such as crypto.

If they still lose the money from joining in some projects and blame others, they will not profit in the short or long term because they never learn from their mistake.
They need to know the difference between Ponzi and real projects to invest in the right project, although many projects seem similar to the other projects.
Maybe they need to learn about bitcoin first before they start to join in any project, including in the Ponzi scheme so they will know that bitcoin is not Ponzi.
Yes, maybe we can let them like that and hope they can realize that bitcoin is not Ponzi and Ponzi will scam them anytime.
It is hard to see Ponzi disappear because that is an old trick that will always work, especially for new people who do not want to search for more information.

If Bitcoin is a Ponzi scheme it would have crashed by now and greed would have taken a deep dive into it which would lead to a massive dupe of people's hard earn money globally. Which by now the proprietors would have been on the run or arrested. Bitcoin wouldn't have been existing by now and the whole world would have been against or after the originator of the Ponzi scheme.

Here we are, with the king of all crypto "Bitcoin". Trading and saving up our assets with it.

Cryptocurrency is the future

The reason why some people prefer ponzi is because of greed, and ignorance.
They believe when certain amount of money is invested  into a ponzi scheme they will get their returns quickly. Most people go into ponzi because ignorance, because of how the organizers of ponzi advertise and lure people, at the end of the day some people fall victim into the scheme

They want easy money and think about they can earn double in just 24 hours, thats totally crazy if there's no people will such believe on those schemes well we m8ght gonna see massive decrease of scam victims of ponzi schemes.

But I really doubt many are prefered investing on ponzi's, maybe they are been there for first time around but once they know how profitable holding bitcoins is for sure they will out of ponzi games for long time.