Bitcoin Forum

hey, I just wanna ask to you all. Do you think ponzi affect the price of bitcoin??

What Ponzi?

You have to be more specific.  Link to an article or at least put the entire news story text here, so we can decipher this junk post.

Do you mean those actual ponzi schemes here in the forum ? I don't think "they" will affect negatively the bitcoin price... someone has robbed only a few bitcoin , but cryptodouble has robbed 2k btc  :-\.

Since Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi died in 1949, I don't think he affect Bitcoin price

Statement of the day :D

what ... ?

Fonzi ?

http://media.giphy.com/media/GUNtuUSf3nHWM/giphy.gif

It's the Bitcoin Fonzi Scheme!!

https://i.imgur.com/bE0vMiY.jpg

Much more inviting and friendly than this guy:

http://i.ytimg.com/vi/0UKC7iaBKvs/hqdefault.jpg

i guess yes because really often they steal money and dump it in a small amount of time

This is an apparition I have beheld many times.  Laziness in speech and communication.  How many times might people agree if they spoke accurately or even shared a similar definition for a word.  I have the same problem in my marriage.  

Please, lazy idiots, read about Ponzi (a garbage human that inhabited this earth) and spend as much time as you need with a pencil (or crayon) figuring out the similarity of Ponzi with bitcoin.  

call it bubble full of drug dealears, hackers, speculators and few "dreamers"

total - around of 500K users ONLY :)

Perhaps only .5 million users.  Based on your other posts I think your stated number is likely rounded down.  Either way, I know someone who worked for the US dept of defense that had to download the DNS every morning before logging onto the internet (in other words, moron, when the internet had fewer than .5 million users). 

Take bitcoin or leave it.  Anything else YOU do is suspect.

Not really. Unless its a very big ponzi with 10's of thousands of bitcoins, then maybe. But people are able to see through those schemes and do not invest blindly these days.

Dont be so sure about that because sites like cryptodouble or weekly ponzi had a lot of investors

10's of thousand??
how about 2k of bitcoin like cryptodouble?

There is no shortage of stupid people on this planet.  More are joining their ranks every day.

When someone points out a scam is a ponzi in the investment forum, the usual reply is "yes I know it's a scam, but I will get out before it collapses and make money!"  Makes me want to roll up in a ball and cry.  The stupidity, it hurts so much.

Indeed. But I think he means "does the perception of Bitcoin being a Ponzi scheme affect the Bitcoin price?"

I think so.

speaking of ponzi reminds me paycoin and GAW these days.
no bitcoin is not a ponzi

No. The only thing ponzis effect are the bitcoin balances of the idiots who gamble on them. Bitcoin ponzis barely make a blip in the grand scheme of things.

it only would affect the price if it would be dumped in a short period of time

Agreed, most of them are empty and those that aren't will be soon when the few idiots get ripped off a few times

Everything is connected. Of course bitcoin ponzis affect the price, but only marginally.
Just like dollar ponzis affect the price of a dollar.

I would not really worry about it, unless you think bitcoin is a ponzi itself (then there is something seriously wrong with you ;) )

2k bitcoin will affect bitcoin price, if it be dumped is same time or short period of time...

no, bitcoin isn't a ponzi it self for me...,
LOL ;D

Yes, if they sell all their bitcoin at same time ::)
But regular ponzi cryptodouble can't affect bitcoin price

Guess not much.

I doubt much people fall for the Ponzi scams and there are so much worse things to harm BTC reputation.

I think every option to harm bitcoin should be utilized to the max.
Only then, when bitcoin survives it has a right to stay alive.
Just like new car  designs they wreck. You just have to be sure it's good.

Every transaction make a different. Including ponzi. However, I dont think the 'ponzi hype 2015' affect Bitcoin much.

I think, maybe.

Do you know CryptoDouble, the ponzi website start all of this suck trend? They have run away with their investor money, right? They gain a lot. If they sell all of their Bitcoin to convert to their local currency, it's will affect the Bitcoin price. It's same for another ponzis.

Just my opinion :-*

The plethora of ponzis are out there to gather the coins of gullible people who trust in their inflated promises.

But the Bitcoin protocol itself is flawless, if you get scammed its people's fault just like it is if you get scammed with fiat.

Any idea how much these ponzis profit?

First I thought not much because people would not dumb to fall for them, but bet against the dumbness of people in general a bad bet

Depends on the number of people that fall for it and the money they throw at them .
Weekly ponzi earned around 50-60 BTC on commision....others earn depending on the amount.

But I don't think that throwing anything out of your pockets in any Ponzis may harm the reputation of Bitcoins... In other words, what has Ponzis to do with Bitcoin's rep? As you yourself said, 50 BTC in commission won't harm much or can't even dump it to any lows as these earnings are nothing compared to the traded coins at Exchanges... Also, these admins, however, are turning a bit trustworthy to be invested in, as many are not just taking fees only, but also contributing those fees, either to show that they are trustworthy or maybe they are genuine, but yes, they are paying...

there are the scam ponzis that claim to be cloud mining of investment sites that make sometimes some 100's in profit. I think I don't need to tell names.

Their profit might be bigger, but I think still not enough to hurt the prices and they are more rare than the ones we find in the gambling section

They are not always huge amounts that these schemes get away with . So its safe to say, that they won't be able to do serious damage, but they do definitely spoil the image of bitcoins when they end as scams.

We need to kickstart a time machine with Bitcoin to find Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi, bring him back to the future and ask him what does he think of Bitcoin. Then and only then, we will be able to find out if Bitcoin is a Ponzi scheme or not.

Guy just reeks of scumbag:

http://www.uh.edu/engines/carloponzi.jpg

If somehow we were able to bring him back from the past, he wouldn't last a minute here.

thats a good idea, but who will be able to bring him back?
and ask him is bitcoin ponzi or not ;D

We already have our best cryptologists trying to figure out what the duck you said.

In the title you wrote "Ponzi" in upper case so you could mean Charles Ponzie. But in the thead itself you wrote it in lower case.

I mean ponzi scheme, the ponzi scheme.., is it affect bitcoin price??

We saw cryptodouble which definitely created a large price drop because of the constant dumping of the stolen btc, but that one was something else. Most of the small scam ponzis on here only pull in a couple btc, which don't make a difference. But if the owner of weeklyponzi ran away with 1000 btc on a round that would definitely cause the price to change.

1000 btc each weeks??
thats a huge btc...,
I think, ponzi scheme can give huge affect to bitcoin price ( if they have 1000 btc/weeks like weekly ponzi ), dump and pump... :(

I thing ponzi not affect bitcoin price..,
first, need more than 10k btc to do that...,
second, ponzi sites only get 1000 BTC ( average )...,

except like bitstamp hacked..., thats differen problems... ;D

I don't think its even 1000 BTC on average. Only one website was able to do that, but not every website. On average they earn around only commision and scam amounts, which is around 1 BTC.

Ponzi be like "wha!?" and I bitch slap that mofo.  You see Ponzi, you F him up and tell him it be from me, bro.  Ponzi going down.  I pop a cap in his ass.  Amen.  Dat bitch going down in splat of his own blood.  Mofo.

Do not be afraid of Ponzi.  His day has ended.  Make a list of who/what you think you should fear and start with the last one on the list and work your way up.  If we all do this together humanity could survive.  Sound melodramatic?  Whateva ma bitchez.  We need warriors, not sheep or weaklings.  Maybe vampire sheep?