Bitcoin Forum

The first impression of btc is that you will get screwed by false people that it is a pyramid scheme. The more you study the net, the more you'll fall in love with it. BTC brings that power of freedom and no totalitarian state is going to take that away! That's my thought today about btc.

When you see something you don't understand, you try to study it, and when you study it, you will understand it, and when you understand what you study, you develop an interest in it, and from the interest, you dedicate your time to learning more about it, and if it's of your interest, you fall in love with it. 

I have come to realize that the more I invest in it, the more positive vibes I get from it. The technology is just too perfect for me to say no to; it's life-changing, and I am making it a part of me that cannot be broken. 

Pyramid scheme is everywhere, every industry and it is not limited in Bitcoin or cryptocurrency.

It's not completely true. There are supporters (Bitcoin maximalists) and there are haters. Bitcoin is not able to convince everyone to love it.

Again, it's untrue and inaccurate.

Have you ever heard a saying "Not your keys, not your coins" that is originated by Andreas M. Antonopoulos.

Video (https://www.youtube.com/watch?v=AcrEEnDLm58)

Your statement is only true if you store your bitcoin in a non-custodial (aka self-custodial) wallet and own its key.

Perfect! the network is consolidating every day, the more the state tries to repress our social class that comes from poor communities, the more we see the importance of using this tool against totalitarian control, it comes from a class where the state is repressed and exists without freedom , where with little political power you become a slave and lose your freedom, I got to know btc and the community and right away I am already adapting and I feel part of the network, in the future I want to improve my knowledge and somehow help the network to evolve. This is my mission here on earth!

I quite agree with tranthidung. The OP seems to be expressing enthusiasm rather than an objective description of facts. He is partly right, at first it sounds strange to the uninitiated and the media have made it sound like something that is linked to scams and organised crime. Besides, bitcoin can help you to be more financially free, but regulations can affect the environment a lot, especially if we think that most people buy and sell bitcoin on centralised exchanges.

But hey, let the OP enjoy his enthusiasm, I guess he will moderate his enthusiasm over time.

A totalitarian state is about total control, and that includes economic control, but it's first and foremost about political control. Bitcoin gives freedom, yes, but it is economic (financial) freedom, not political. A state that aims to control citizens more is unlikely to be pro-Bitcoin, but might allow it if there is a good reason because a bit financial freedom is not what this state wants to control the most about its citizens. Also, Bitcoin's power can unfortunately be greatly limited by the state and circumstances. For example, Bitcoin is a decentralized form of money, but how empowering is it when the merchants don't accept it as a form of payment? Bitcoin is pseudonymous, but how helpful is it if the state requires all legal exchanges to impose KYC? So it's not all that simple, unfortunately, even though Bitcoin does give some power of freedom.

Perfect in analysis. Many people leave their btc in exchange, I usually when I receive a few reais of my currency I prefer to accumulate and every time it drops I buy a few fractions of btc then withdrawing it to a self-custody wallet.

If you know anyone like that, please introduce them to read Reminder: do not keep your money in online accounts (https://bitcointalk.org/index.php?topic=5421039.0)

It's a good practice but if the amount you receive or accumulate is small, I'd suggest you to hold it on exchanges for a while and only withdraw it to your self-custody wallet when your calculation shows that withdrawal fee does not eat up the amount you have.

Centralized exchanges charge very expensive withdrawal fee even they do batch payment for many user withdrawals.

• Old story. Exchanges get profits from users' withdrawal fees. (https://bitcointalk.org/index.php?topic=5306935.0)

Yes, this is very complex, but over time and with new ideas, the community can adopt other mechanisms to escape KYC. That would be a great discussion about this subject that sooner or later is already imposing in our lives in a silent way.

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Yes I understand, I try very hard to evangelize my friends, but they don't care or are not interested, I've tried to evangelize my family but they say I'm crazy. This is not just an investment and when I understand this I am not afraid of the falls that bitcoin has.

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Let's get something straight here, Bitcoin is not a pyramid scheme, and nothing in its mode of operation suggests or encourages such. A pyramid scheme is a referral-sustenance scheme that often collapses over time, and a typical example is a Ponzi scheme. In the end, there are always victims and it relies on new subscribers for it to thrive.

Bitcoin is certainly nothing like that, no one is compelling anyone to bring another person/subscriber for the sake of benefit(s).

You'll only get screwed if you don't know what you invest in, investing in something you don't actually know is far more than a blind investment. Pyramid schemes that were introduced as investments, trading, mining, etc. by these fraudulent people just to hide their motives are the thing that kills adoption most of the time for crypto. Let us all thank Satoshi Nakamoto and the people that made us realize what Bitcoin is today and the future that may comes.

I think you understood the friend's answer wrong, what he meant there are companies in the real world that use bitcoin and financial pyramid cryptos, he didn't mean that bitcoin is a pyramid!

Bitcoin is indeed a pyramid scheme because it’s value is based on the investment of the people and the first person who bought and hold will benefits on the purchased of the new investors. Pyramid scheme is not bad since that’s how investment work and trading. Those early investors will get profit from new investors as the company or crypto value grow.

Ponzi and Hyip are bad and commonly mistaken as the pyramid scheme. This type of investment just use pyramid scheme but add a catch which user will get passive profit without doing anything.

Those who don't know about bitcoin and the cons of bitcoin only give negative sentiment which of course will lead early users to leave bitcoin.
I have often found negative sentiment towards bitcoin that says that bitcoin is just Ponzi husks, a pyramid scheme that only does harm.

Even though some pyramid projects only use bitcoin as a tool to camouflage the pyramid practices that are being carried out.
Like a blade that can be used for good and evil.

Satoshi Nakamoto created bitcoin with the aim of freeing us from the shackles of centralization that has any authority and controls the money we have.
Because bitcoin was created decentralized, bitcoin will provide financial freedom so that it cannot be regulated by anyone, including the government.

Perfect in the analysis, btc is gold in the digital environment it has its value, and each one in the future will pay the amount they deserve today I pay 23 thousand in the future I can pay 1 million or even less than 23 thousand which I do not believe, more if btc doesn't change its fundamentals i'm always long.

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As I said, I don't see it that way, but it is well known that it is the way you described it, but as I mentioned above, I see bitcoin as a freedom against the state, where the individual does not ask permission from banks or anyone to move their money to whoever wants it and nobody, the interesting thing about bitcoin is that purpose it is a tool to be further explored over time.

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The freedom BTC brings is second to none, as its not controlled by government authorities and you can easily make transactions with it across the globe. For people thinking BtC is some sort of pyramid scheme, they should take out time to study Bitcoin white paper 📜🗞️ as it gives an insight to the knowledge they seek.

actually in this case,
about bitcoin it can't be called a pyramid scale fully, indeed most are like that but not completely like that, so bitcoin is a valuable asset which of course gives freedom for those who are interested in investing in it.
and it depends on the enthusiasts and depending on the intelligence of the enthusiasts in terms of buying.

That's always the thing, they leave thinking it's nothing like what they've experience from these fraudsters. Some people I know that asked me as well about Bitcoin after they invested on a pyramid scheme and got scammed have been on that situation, they received messages from unknown people on social media and offers them passive income doing nothing but in the end the money got rugged. This totally hinders adoption in the process.

As beginner when you meet people who skeptical about bitcoin what you need to do is first go verify from people who have been into bitcoin who can share their experience with you for you to get more understanding . Many lose opportunities of investing bitcoin long ago because of what they heard from people with ignorance. If they had gone to make research, they would seen the real face and understanding about bitcoin. Those who talk bad about bitcoin knows nothing that is why they reason very low about bitcoin.

I have seen many people emphasizing on the freedom of Bitcoin, actually Bitcoin will give you chance to do any other thing you want if you are dealing with Bitcoin kind of investment, but a process whereby you are a trader i think you need more time or concentration in the market so that you won't experience lose, the aspect that i will agree with some of you concept of Bitcoin becoming freedom, is the aspect that it doesn't have a third party from my understanding, so therefore i believe that Bitcoin needs more concentration before you make out what's obtainable for the market of trading and long term investment of bitcoin.

Ofcourse, Bitcoin (the System/Network) is for the Free. Those who do not deserve to be slave or in jail are considered the Free and are qualified to use it. It helps protect the free from the lawless but It does not protect the criminals/slaves from the authoritarians though, hence its  transparency/accountability, immutablity features... One of the purposes of the features is to expose them.


When you love Bitcoin (the system) you are loving the people who operate it, make up the Bitcoin Network, and make it work. The love goes to them all. Thanks

Quite interesting to see these topics these days, I can't fully understand why and how these started out, but I am fine with it. Back to freedom part, bitcoin does have a freedom part but I do not care about just the freedom part, it's the decentralized part that matters to me the most.

In fiat world, there is always someone who can freeze your account or cause you headache, the governments, the banks, the companies like paypal, everyone could do it and it sucks and I do not like that. On the other hand, when you are dealing with bitcoin you do not deal with any of this, if it's your money then it's your money and nobody could take it away from you.

Nice, now take a flight to Pyongyang and explain to the people there how a totalitarian regime has no power over bitcoin.
Do share with us the experience when you return, that is, if you ever do!

A lot don't understand that Bitcoin brings you the freedom of not having to rely on an untrusted 3rd party, it's not an unbreakable shield by a totalitarian regime that is ready to throw you in prison and kill its own people, the freedom of using Bitcoin is because you are allowed to have that option in a free country in the first place, once that ain't a guarantee anymore any kind of freedom goes away.
There are a lot who don't understand the abuse of power a dictatorship is capable of, it's easy to say that while you're talking on a forum from the safety of your house in a democratic country, do this thing out in the open in another and see how it goes!


There are tools for voluntary disclosure and donation of assets, Jack Ma is the prime example among thousands of how those things happen. As the OP you start with the premise that the secret police in such a country will somehow respect your privacy and rights and not pull a gun to your child's head and tell you that you have 10 seconds to remember what your cat eat exactly 147 days ago!  ;)

I like to think of a modern day use case example, ie the folks that fled from Ukraine when the war was just beginning after all their banks got shut down. Their life savings in a secure hard drive that can be very discreet to exit the country safely with your money. Now that is freedom.

The reputation as a pyramid scheme for bitcoin is supported by advertising that aims to make bitcoin have a negative information field. People who understand the technical side of cryptocurrency have never thought so.

Those who know nothing about bitcoin will only make bad comments and influence others that nothing can be expected from bitcoin. It's easy enough to influence people who are new who are on their way to knowing what bitcoin really is. Skeptics will only give advice about being careful with bitcoin without any solution. Investment opportunities must be created from the start, investing in bitcoin is a worthwhile investment when you believe that bitcoin will give you a return. Do some research to better understand what is being invested in.

I was also optimistic about Bitcoin at first; I neglected the idea of it some years ago, but later I realized it was something worth venturing into, and here I am. Indeed, Bitcoin is freedom; you just have to own it on your device without the fear of someone coming to attack you. It's not something that's so heavy that you can't carry it around, and it's something that is not noticeable to people around you unless you let them know. Only a few steps are needed to keep your asset safe: Keep your phrase safe and store your bitcoin off the CEX; store your coin in a hardware wallet.

People who doesn't have the real understanding and failed out of bitcoin investment will term it a pyramid scheme. This is all because of the expectation to make themselves rich overnight and they doesn't have the patience to hold. When the expectation doesn't gets fulfilled they easily end up blaming bitcoin. This had happened with many people who later feels bad for what they've done and once again enter the market.

Bitcoin is real financial freedom. Every user must enjoy it and surely they'll not leave it.

Bitcoin and its power of freedom is similar to the iPhone and its power for mobility. Often when someone has no idea about something, they immediately take a negative attitude towards it. That is even more the case when that new something is a threat to their old something. Or when they missed the train and the new something is already making people happy. One of the best examples in technology history is Steve Ballmer from Microsoft back then laughing about the iPhone. Today he says that was the biggest mistake of his lifetime as a Microsoft CEO. Or when Warren Buffett talks about Bitcoin as rat poison, there is no need to call it that way. But it obviously takes away bit by bit from the investor crowd that otherwise could put money into investments he is holding.

It's a great example! Mostly people think about it like personal benefits and some can forget about other people

Yes, after I got to know the basics, I didn't treat bitcoin as an investment, but as a protection and preservation of assets.


There is always a saying: whoever arrives at the source first drinks the clean water, whoever understood satoshi's creation will drink the cleanest water first.I would not consider bitcoin as an investment, if I want to escape the clutches of the state, preserve my assets over time, I particularly do not consider bitcoin as an investment.

People try to educate about things they don't know. This learning effort come from curiosity and the crypto world is a world where there is no end to know. The more interested you are, the more you will learn and the more you will learn about a subject. You will fall in love with it. Yes you are right bitcoin will give you freedom because you can use your bitcoin money whenever you want by withdrawing money as needed. This is why bitcoin is called freedom.

I knew there was a thing exist in the earth is called Bitcoin. But I don't know what it's work was. But Bitcointalk teach me a lot about Bitcoin. You will learn as much as you are interested in it.