Bitcoin Forum

I had arguments  with my friends  who are always  tagging  bitcoin with negativity. Today, we argued  and I educated them on bitcoin and Ponzi scheme.  To me Ponzi scheme  is when developers takes  money from new entrance to pay early birds,rinse and repeat until they raise enough and vanish. But bitcoin  is not like that.  Do you think I am right?

I can see why some people think it is a Ponzi scheme.  Because it doesn't pay interest like shares.  It can only rise if people pay money in.  And nobody can take more money out than they put in unless it's other people's money.  So everybody's profit in someone else's loss.  Or else it wouldn't work.  Not everyone can profit.  Although some people think everybody can profit.  Well they can't. 

Bitcoin price is determined by supply and demand. Sometimes bitcoin price rises and sometimes it falls. It is same as any other investment like real state, gold, etc. So It's not a ponzi scheme. Old investors can lose their money too. It is same as stock market. If we call Bitcoin s ponzi scheme, so stock market is also a ponzi scheme.

There are a couple of things I would do in this situation, firstly, I would remind your friend that a "Ponzi Scheme" was actually carried out with fiat currency, not crypto currency. Secondly - some people are just ignorant, if they are not going to get it, its OK. the same people probably have those pulse dial telephones at home and cant figure out why nobody calls them anymore. There are plenty of open minded people in the world, sometimes you have to let a few of the naysayers go.

Hello,

I think no. It's the same schema like real estate or classic stock exchange. the offer and demand create the price ... In ponzy schema , news investors paid old investissor dividends.

If you think its ponzy... you do think real estate and stock exchange is ponzy to.

Bitcoin fees are high. Bitcoin is not used for transferring money. There are no projects about bitcoin. İts price only rises when there are more buyers, so It acts like a Ponzi scheme nowsadays.

Yes it is ponzi scheme but shhhhhhhh, don't shout it as no one will believe you like dotcoms bubble and bitconnect brash.  ;D Let bitcoiners pump it and live in their own dreams  ;D

It is absolutely not a Ponzi scheme. If people think that they either don't understand Bitcoin or Ponzi schemes. Bitcoin is a commodity that has value because people have a use for it. One use is as a method of payment. The second is the underlying blockchain technology which has value as a new general technology that will be useful for many purposes, many of which haven't even been thought of yet.

the Indian government cautioned people against investing in them, warning that they are similar to fraudulent investment schemes and have no legal status yet. “There is a real and heightened risk of  investment bubble (in virtual currencies) of the type seen in ponzi schemes which can result in  sudden and prolonged crash exposing investors, especially retail consumers, losing their hard-earned money,” the finance ministry said in a notification on Dec. 29, 2017

If you imagine Bitcoin is a ponzi scheme then anything that rises legitimately is also a ponzi scheme because people who invested early in anything gain a lot. That isn't what a ponzi is that is what you call good investing. Bitcoin is 10000% not a ponzi scheme this you can be certain of.

But how do bitcoin fees related to its been a Ponzi scheme.  Educate me more. Banks also take fees for the service  they offer.  And how are more people  buying  get to do with Ponzi scheme

haff man why did you bother arguing about this when anybody can google and do their own research and come to their own conclusion. Do not waste your time trying to think about it, bitcoin is not ponzi scheme and if someone can not perceive it, then this person simply does not like bitcoin and is using argument of that is ponzi scheme. Some people when they do not like something to get justifications and fights to divert from the subject, in the last days I have seen this


It's hard to explain this to certain people.

Bitcoin is not a scam but the people who use bitcoin platform to scam people is making bitcoin reputations to become bad. Your friends should not generalized Bitcoin currency as a Ponzi Scheme because people can make any scam businessess using the paper money too it just happen that bitcoin can be use to any illegal means in which maybe they become the victim.

Bitcoin is not a ponzi scheme. The good news about bitcoin is you can exchange it for real money anytime you want to and is not controlled by anyone. Major economies in the world are accepting bitcoin trasactions and i don't think they would've done so if it was a ponzi scheme. Clear all doubts of bitcoin being a ponzi scheme cos it has come to stay.

No, it is not at all a Ponzi scheme, even though it has one element of the Ponzi scheme: the value of Bitcoin rises ALSO because newcomers want to buy it and doing so they are creating wealth for the holders. FIAT money is much more a scam than Bitcoin, believe me.

This is a common argument by people who have never seen an independent economy. Things like that simply don't exist in our world because there's always property rights. If something is unclaimed somebody will come in and put their name on it and demand others to pay him because it's his.
Bitcoin is different because it was simply put there for people to use and it was almost free for people to take and use, like that well surrounded by a fence that allows only one person at a time in. You can wait in line or you can pay a guy in front of you to let you in so you can get some, but the water is always there and it's always free.
Bitcoin is rising in value because people want to use it and to use it they have to buy it from someone who had it before them. It;s nothing like the ponzi scheme because there's nobody in control, nobody taking all the profits and nobody able to shut the system down. It will keep going until the value stabilizes and you won't be able to sell your coins for more than you paid for them.

the bitcoin is not necessarily a ponzi, but the altcoins for the most part yes of course

A pyramid scheme has no real business value, whereas you can buy goods or service with bitcoins. A pyramid scheme is a centralized system, with the con artists pulling the strings, collecting payments and paying out dividends. He can collapse the scheme anytime, by running away with the money. Whereas bitcoin is a decentralized system. The inventors and early adopters of bitcoin are unable to collapse the system even if they wish to.

bitconect yes
bitcoin no !

You are 100% right, Bitcoin is not a ponzi scheme and your friends must read more about cryptocurrency.
Invite your friends to read about ponzi scheme, here is a link to wikipedia: https://en.wikipedia.org/wiki/Ponzi_scheme,
if they still confuse between it and Bitcoin then just stop arguing with them, they will never understand.

Your opinion is correct, bitcoin can not be equated with Ponzi at least, because it is so different, Ponzi is seen if it is a fraud system, and bitcoin is digital currency and nice bitcoin in trade and investment, I think your friend has often become Ponzi victims, you should be patient to explain to your friends about the positive bitcoin

Bitcoin can't be a ponzi scheme because it does not promise anyone to pay more for their investment. It's like any other currency but the main difference is it's virtual and don't have any central government to control it.

But if Bitcoin holds steady at the price it is now why would people put money into it.  They only put money it because they think they will be able to take out more than they put it.  No point in putting in 10k this year to get out 10k in a year's time.  

Yes you are right. Bitcoin is decentralized and has no central authority. For a ponzi to work you need to have a central controlled fund that the scammer controls. Everything is in the scammers hands until they decide they want to run and the ponzI is very and then collapses. Bitcoin can't collapse and become useless like that because there is no central authority that gives it it's value but rather an open market.

For the people who has enough knowledge about blockchain thats the normal thought,but if you know how blockchain works you cant say bitcoin is a ponzi scheme.

Absolutely.Bitcoin is not a ponzi scheme.It is completely a decentralized currency where no body would be there to organize such loots as in ponzi scheme.

I think you went straight to the point. Developers are working on bitcoin since it was worth nothing, and I would say it's fair to say that they will continue to develop it no matter what happens. There is no referral program, like there was with bitconnect, and no one is asking for people to buy bitcoin. We know that the price will rise if people buy, but that is true for all markets because of supply and demand offer. It could be a bubble, meaning that is way over priced (not saying I agree with this, because I don't), but people can call it a bubble if they want, but they can't call it a ponzi scheme.

I say no, you don't need any referrals to gain off bitcoin

Since my day 1 on becoming a bitcoiner I always read news about bitcoin being  a ponzi scheme. I ask myself how it could be a ponzi scheme if I can earn some money with it. Maybe others called bitcoin a ponzi scheme because they are being scammed using bitcoin or they invested on HYIP and lose their money on it.

Way too far buddy! Bitcoin is a legit and not some sort of scam like what you think. I think people are often misinform about bitcoin. And also some people are riding the bitcoin's fame and making their own definition of it and collect money to other people and they say that it is bitcoin but actually not. Theyre just scamming people. Bitcoin is legit. :)

It's hard to tell whether Bitcoin is more like Ponzi scheme or a pyramid scheme. Whatever it is, though, it isn't a currency. It's a tech stock. Each Bitcoin is really a share in a system that seems to make it cheaper to transfer things online money, stocks, bonds, even the deed to your house by cutting out the middleman. Well, kind of. Bitcoin doesn't remove the middleman so much as replace him with middlemen who don't make you pay much, but make society as a whole do so instead.

No it's not...
To make things clear,a ponzi scheme is a scheme without any base.That means there is no market and no such.Bitcoin has a market and it's price is  subject to bid and sell while ponzi schemes only promise alot of profit without any transparent source of the money.

It's sad that now people relate bitcoin to ponzis and that's because criminals used bitcoin feature of irreversible transactions to make ponzi schemes and scam people.

Bitcoin is absolutely not gambling or ponzi scheme. I using bitcoin just for make me easy transaction and some time trading. No ponzi at all

Of course you are right. I think these people who are saying a lot of negative comments and remarks against Bitcoin lack the education and information about Bitcoin. They should at least read and study more about Bitcoin before they start babbling. How can Bitcoin be a Ponzi scheme? Bitcoin does not ask anything from us. As a matter of fact, we are the ones who are benefiting from it. 

You are right, mate just ignore them and do what you do. People like them are just scared to invest on something they do not know.

Bitcoin 1 cent to $20,000 in 10 years ??

bitcoin does not have a ponzi scheme
but bitconnect yes
and bitcoin is totally different from bitconnect

Yes, you are correct. Bitcoin is not a Ponzi scheme. There is a lot of ways to gain Bitcoin and they are through trading, holding, lending services, and Bitcoin lending. Ponzi scheme is a scam that uses the returns of the old investors to pay as revenue to the new investors. We also need to educate people regarding Bitcoin that there is a big difference between Ponzi scheme.

Bitcoin is negative sum game, and with Tether, real dollars are leaving and going into the scammers pockets and fake dollars are entering. Bitcoin itself is not a ponzi, but in it's current state with scammers running central exchanges, it all but is.

Tether is greatly accelerating the collapse of crypto.

Bitcoin has many accusations with this its because many people are starting to felt threatened because most industries they are in might fall down due to the rise of cryptocurrency, don't mind them we know that bitcoin is legit and has a benifit for all of us.

People need to stop using "Ponzi Scheme" for anything and "bubble" anytime there is a correction on the market.

Bitcoin is not Ponzi
Bitcoin is not Bitconnect.
Bitcoin is a digital currency and also a digital store of value.
Bitcoin is both currency and an asset to hold for long-term for profits.

Bitcoin is not a Ponzi scheme, new tulip bubble, or anything in that category rather a new invention called digital cryptocurrency.  

A ponzi scheme promises a high return on your stake that is paid for by new investors.

Bitconnect is an example of a ponzi scheme. Bitcoin is not. There is no promise that you will get more back in the future.

Bitcoin is a bubble, the actual product is massively over-valued and the reason most people buy it is because they believe they can sell it on later for a profit. There are a few idiots that buy it because they believe it will change the world but they are a small minority.

As such bitcoin won't suddenly go bang like a ponzi does when it stops paying out. It will decline steadily instead.

Yeah! You're absolutely right. They are vastly different but share few similarities, which are;
-putting money and waiting to rise
-risk of waiting
-e.t.c

Bitcoin is a bubble, the actual product is massively over-valued and the reason most people buy it is because they believe they can sell it on later for a profit. There are a few idiots that buy it because they believe it will change the world but they are a small minority.Bitcoin is not a Ponzi scheme, new tulip bubble, or anything in that category rather a new invention called digital cryptocurrency. 
Bitcoin is not a Ponzi scheme. There is a lot of ways to gain Bitcoin and they are through trading, holding, lending services, and Bitcoin lending. Ponzi scheme is a scam that uses the returns of the old investors to pay as revenue to the new investors. We also need to educate people regarding Bitcoin that there is a big difference between Ponzi scheme.

Bitcoin isn't a Ponzi scheme for loads of reasons
There are no paid dividends to any investors.
The purpose of using bitcoin isn’t to recruit new participants.  
There’s no centralized body that funnels money up to the top.
Unlike Ponzi schemes, Bitcoin will still have value and continue to function even if no new participants join the market

please note this...the ponzi scheme coins are coins with lending system officially released from its dev like bitconnect,regal,hextra,etc...these coins only survived with their internal exchange,marketing strategy and recruit new members...you can see bitcoin doesnt have any criteria like that from their dev and even their dev are unknown til now

Oh boy, if bitcoin gets labeled a ponzi scheme (which is isn't) one could say many stocks are ponzi schemes...shit many could say life is a ponzi scheme, seems like it is getting harder and harder to build wealth (in America, UK, (add your country here))

i agree to that sir, the essence of being a currency is slowly fading away specially in micropayments its too expensive to transact to it, however many believed that bitcoin now is mre of an asset a store of value that appreciates over time, and to those that believed it was a ponzi the should do more research :) ..  well just hope the lightning network will be widely and perfectly implemented specially at this times..

Big no! for me 😊 Ponzi scheme is an investment scheme that will always failed in the long run once there's no new investment coming in anymore. Ponzi scheme is relatively a form of networking or Multi-level marketing (MLM), and we all know it's not the essence of Bitcoin. Though somebody taking an advantage to use Bitcoin as fuel of their Ponzi scheme agenda.

Ponzi scheme has recruitment and a huge pay off that doesn't go up or down in value. It's flat out too good to be true. They will show you no risk as long as you recruit people. Bitcoin on the other-hand shows you plainly that its in the market with volatile values meaning it's organic.

You should consider when saying that bitcoin is a Ponzi model. Bitcoin does not encourage anyone to borrow money from someone else and pay for it, people invest bitcoin because they see the potential for growth in the financial world. The market is gradually stabilizing and this is the time for you to invest in this market and especially the bitcoin. Take advantage of this opportunity.

Yes.


For small transactions we can use AltCoins at this moment. Bitcoin is under constant development, today the network can be overloaded, but with an improvement the situation can be solved (at least temporarily, like it already happened), so the fees will decrease again.

Anyway, it's not a reason to consider Bitcoin a Ponzi scheme. No one will be scammed here. There isn't a central authority holding everyone's money and ready to run away on the first opportunity. The free market regulates itself, we regulate ourselves and we must be aware our only guarantee of success is to keep Bitcoin reputable, so the demand and the supply will be balanced and the currency will be usable. On the contrary shulio says, there are several projects about Bitcoin and people are still transfering Bitcoins (otherwise fees would be cheap).

People think that Bitcoin is some kind of ponzi scheme when they got not profit from it,not all got profit in the same days someone losses and someones profit that is the true story her in Bitcoin,that is the reason why we keep on learning how to be professional in comes into trading system.

If Bitcoin was really meant to be a Ponzi scheme Satoshi Nakamoto would have sold off long ago, unless it's the biggest Ponzi scheme of all time, then hats off to him I guess  :-\

Yur friend does not know anything about bitcoin. maybe he just read the news about the ponzi business that many people do business with other people paying bitcoin. or he received a hoax news about bitcoin from a source he believed.
but in fact bitcoin is not like that.
Bitcoin Created mining. with blockchain technology . no one made it manually by hand or simple click . after being made bitcoin how people double it . its their option and their strategy .

I think the Ponzi Scheme is an illegal investment mode that benefits investors from their own money or money paid by the next investor. Profits are not obtained from individuals or organizations that run investment activities.

if it was ponzy, it wouldnt have survived for 9 years

Some poniz's did survive a while though Bitcoin actually has the technology to back the slander of it being a ponzi scheme.

It is hardly explain to someone that do not see Bitcoin as an asset. It is an digital asset and we need to get rid of the traditional mind to see the benefit of it and the concept behind it.
No need to argue with someone who do not understand and believe, it is not worth. Do not lose your friendship. The time will come and they will ask you more about that.
Think about the supply and demand of Diamonds. It is just an example.

bitcoin to me behaves more like gold commodity than a ponzi scheme.  Because of its limited supply price can go as high as people are willing to pay for it. While gold can still be found in nature, bitcoin supply is truly really limited and as more people want to have it the tendency will be a increase with adoption. However some alts may do a better job and if interest falls down goes the value.

Of course very different between ponzi scheme with bitcoin. bitcoin is a commodity worthy of stock and other digital assets. bitcoin is designed to be a tool for future transactions even though there are still some countries that prohibit bitcoin for transaction tools. I think bitcoin is still just a tool for commodity investment.

Bitcoin is clearly not a Ponzi scheme. There is no need for the latter to pay for the previous one. In bitcoin, if people do not invest in it, just bitcoin will not grow in price. There is no deceit, fraud. Everything works openly and is accessible.
       At the same time, investing in bitcoin assumes certain risks, because, increasing only due to the demand for it, it is inflated in price as a financial bubble and once it can really burst. However, the Ponzi scheme and financial bubble are different concepts.

Its a big NO!  bitcoin is not a ponzi scheme impact a lot of investor trust this bitcoin as thier assets of investment.those people think that the bitcoin is a ponzi scheme are those who doensn't really knowledge about the important and benifits that they can gain from bitcoin.  

Bitcoin is not a Ponzi scheme. In bitcoin, people are getting returns not because someone pays for it but it is due to the supply and demand. If they say bitcoin is a Ponzi scheme, then what about the stock exchange that is running legally.

Bitcoin $1 to $20,000 in 10 years and it it not ponzi ??   >:(

Of course it's not a ponzi you fool! Just because the ponzi scheme project uses Bitcoin as a method payment doesn't mean Bitcoin involves to them.

Bitcoin is not a pyramid scheme..

many laymen think that bitcoin is a Ponzi  scheme. news and thoughts like this are nothing new. even from the first bitcoin was created, many people have the conclusions of the ponzi scheme. I will not be angry, when my friend asks or greets about bitcoin or other crypto. I think, the level of capability of their knowledge is low for bitcoin. so I always recommend to them, to read the history of bitcoin and to date.

How many times are you all going to ask the same question? This has already been asked, and ANSWERED tons of times in here. If you are posting this, is just because you are a shit poster.

There isn't any bubble yet.

Bitcoin is not a Ponzi-scheme. A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for older investors by acquiring new investors. But in Bitcoin there is no third party to handle the transaction. Only seller and buyer handled the transaction.

This is a big truth that at one side we have big believe that bitcoin is a legimate and having more security than what we have in the banking system in the world , but another side many factors are against the system of the bitcoin and with the help of those factors people are saying it is a Ponzi scheme .
Once I tried to explain bitcoin to my friend , then he said me that first of all tell me that who is owner of the bitcoin and who is running where the is the foundation from where it is operating and also how can we believe that the network of bitcoin will remain perfect as is in the present time .
At that time nothing was in my mind to tell him , but I think people needed to work in this field before to say anything and then give any arguments against bitcoin :/

I think your friends only heard bitconnect scam which they are also labeling bitcoin as a ponzi scheme. Your correct on educating them with the difference of the two because they would really argue if they don't have enough knowledge in crypto currency. In addition, ponzi schemes usually offers short-term returns which grabs the attention of the investors.

An easy way to definite a ponzi scheme is that nowadays ponzi mostly offered a fixed high percentage rate of returns in days / weeks, while in the other bitcoin didnt offer you anything. I dont mean to judge but mostly lending coins are based on ponzi scheme, as we can see recently as an example of bitconnect. Most of these coins prone to failed in a certain amount of time, because their price hike is manipulated depends on whether there are lots of member joined them and buying their coins, while bitcoin price on the other hand rely on the usage of the coins for doing financial transaction. While there are still people using bitcoin, then consider it an investment.

I agree with you. Also in addition to that, ponzi schemes are being controlled by its creator while bitcoin is controlled by no one for it is base on the supply and demand. Let them be if they don't want to believe you. Maybe try asking them about their experience in bitcoin for they may have worst experience that brings them to put bitcoin down.

Bitcoin is not a ponzi scheme.

The price of bitcoin is determined by supply and demand. Sometimes the price of bitcoin goes up, sometimes it goes down.

I use bitcoin just to make it easy for me to trade.

The first thing Ponzi's hoax promises to return is that bitcoin is not promised to pay off, and Bitcoin does have some technology and effect, such as anonymous payments, bitcoin is accepted by a large number of people, but also a voluntary principle

Bitcoin is a currency that no company or government that are controlling, there's no bank on it too. this coin is an independent currency that differs to FIAT, BITCOIN might have a price that like some bubbles but those bubbles are steal made and you don't need to worry about as it depends on peoples demand all around the world. PONZI scheme might be connected to bitcoin but bitcoin don't is now a Ponzi, people jump into some company who promised that they will earn double your money in just a short time without doing anything. bitcoin is just a currency that they are using. THAT'S IT!

Bitcoin's price is a derivative of its social value. BTC is NOT hinged to anything except this value alone. That's why the algorithm to solve for mining is a frivolously complicated puzzle. The creator (Satoshi Nakamoto) could've had the computers solve for ANYTHING, but realized if he tied it to something of value, it would forever be tied to that "something"
Hence the social value only.

You are right, bitcoin is not a Ponzi scheme, Bitcoin is a brand new thing. Bitcoin, like the Internet, has a whole new set of underlying technologies, operational principles, and top-level applications that have never seen anything similar in history. To make it clear to the general public what bitcoin is, just as it is to the public in the 1980s to make it clear what the Internet is.

make some research in google mate "what is bitcoin" ,and don't ask here if its ponzi schemes, etc.  Cuase that is the stupid question I've ever seen here in forum. how bitcoin become a ponzi cause it is a decentralized digital currency and its working without administrator.do some research mate don't rely on other opinions.

I think the Ponzi Scheme usually persuades new investors by offering higher profits than other investments in the short term with a very high rate of return.

The continuity of such high returns requires an ever-increasing flow of money from new investors to keep this scheme going

For those who don't understand the blockchain and the bitcoins, they all think it's a ponzi scheme.
There is no need to argue with them, because time will tell them the right answer: they are all wrong, and perhaps in the future they will buy back bitcoin and cryptocurrency.

knowledge is very important to assess on crypto. I am not surprised and feel restless if many news that says, that bitcoin is a ponzi scheme. This debate has been very long, and some countries say the same thing. but in fact, bitcoin is becoming more popular and involves many new investors. so I guess this is a matter of knowledge and understanding.

You are 100% right. Bitcoin is not a ponzi scheme and those who say that have no idea of it.

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Probably because there are numerous ponzi schemes out there that is associated to bitcoin. Those who don't know enough about bitcoin and did not directly buy bitcoin have fallen victim of ponzi schemes. Also, the "promise of great returns" from bitcoin has made others think that it is a ponzi scheme. Their lack of understanding and knowledge about bitcoin has led them to believe so. Obviously so, it's not a ponzi. It may be associated to a ponzi scheme but bitcoin in itself is not a ponzi scheme.

Of course you are right

The Ponzi scheme is an investment scheme that pays investor profits from other investors' payments. not from the profit of a business. It's just like a money game where the financiers do not really invest their funds in real binsis. of course it goes against the nature of bitcoin.

Bitcoin is transparent. bitcoin is a digital asset that can be redeemed in common currency such as USD, Euro, etc. just as Gold can be exchanged for money as well. All bitcoin transactions can be traced through blockchain.

Bitcoin is a Digital Asset, not a ponzi scheme and not a fraud.

At the outset, let me clarify that Bitcoin itself is not a scam, but how Bitcoin is being sold is a scam. More about that below.

To start out, it is important to understand what Bitcoin really is. It would be easy to bore you with a discussion of the technology, about peer-to-peer servers and sophisticated algorithms, but that is not what you need to know.

No, but retail investors piling into cryptocurrencies, especially those with absolutely no purpose or actual working product, makes the whole market a ponzi-like bubble phenomenon whereby later adopters will take heaviest losses.

Bitcoin is definitely not a ponzi scheme! Come on! But I know that there are countries with people who exploit or take advantage of the bitcoin hype to make it as a front in creating a business scam by taking investments from other people. I've seen a video where syndicates create a system where money is circulated and makes it look like a fully operational and working bitcoin investment.

People who have the right understanding about bitcoin never terms it as a ponzi scheme. Due to the increasing popularity some ponzi schemes were promoted in the name of bitcoin. I never have a thinking that bitcoin to be a ponzi, it is an innovation that has been making a large scale change around the world.

I think you were right. I do not know what bitcoin will do with the system itself to generate the source of the profit but I am sure the bitcoin is not ponzi.
I do not have much experience with this, but I'm sure Bitcoin will not do that. I think bitcoin is in charge of an entire electronic money market and bitcoin will tax the altcoins shown on the altcoins chart. I'm not sure my opinion is right or wrong. Please give me a suggestion.

Ponzi scheme operator are using the popularity of bitcoin to attract people to invest in their product.
Because of that, those who want instant money and does not really understand bitcoin will be easily attracted and in the end they will end up
blaming bitcoin for their negligence.

I agree. Bitcoin was ridiculed that it will only crash down. According to some economist back then, bitcoin will not serve it's purpose as cryptocurrency.

Bitcoin was an invented way ahead of it's time that's why it got several negative feedbacks back then.
Now that most of the apps and programs wants to offer convinience with transactions with their users(Online games, Online store, etcetera) they now embraced this type of  innovation.

Ponzi scheme is typical of dismantling the wall to make up for Western Wall with new funds to ensure the interests of the elderly to expand investment fraud fraud. Obviously Bitcoin is not. Bitcoin is a subject (you can understand it as a currency). Bitcoin is more like a bond, a contract.

No, not at all, it is very far from being some ponzi scheme! Follow Bitcoin history, learn about this first (and the best) cryptocurrency and you will understand that this is a revolutionary new stuff, the chance to earn a lot, the way to get rid of taxes and forget about corruption!

There are many mistakes for the country, many people think Bitcoin is a Ponzi scheme or MLM, in fact, is not the case. First of all, if you want to know bitcoin, you have to understand how it works, and it takes a long time to know specifically.

Not all, indeed there are some projects that apply ponzi scheme theory
Therefore, before joining, we must first study this project
and see how the participants anticipate
and more importantly, you have to see who the manager is
If he has a bad reputation, I suggest that you do not keep on joining

Bitcoin is far as compared to ponzi scheme.BTC is a digital currency that portraits value with an exchange with a request made, ofcourse dues are deducted from transaction after that you receive what you ask for, like a big market where buy and sell what you want.

The capital flows of bitcoin trading markets are similar to the stock market, where new investors buy investments (bitcoin or stocks) from unspecified old investors and neither new or old investors make any profit.
The definition of "Ponzi scheme" is that the later "investor" money is returned to the "investor" in front of the investors as a reward for capital attraction. In the Bitcoin / stock market, the elderly have no advantage over the new couple. Rely on their own ability to judge the rise and fall and profit; and Ponzi scam than the newcomers have a mandatory advantage, the elderly forced to obtain funds from the couple. So bitcoin is not a Ponzi scheme.

Ponzi scheme is typical of dismantling the wall to make up for Western Wall with new funds to ensure the interests of the elderly to expand investment fraud fraud. Obviously Bitcoin is not. Bitcoin is a subject (you can understand it as a currency). Bitcoin is more like a bond, a contract. The bit-to-bit trade is basically what you buy with a currency and you buy it. Although this thing has no real effect on you ... but this does not meet the definition of Ponzi scheme.

Yes people who already arguing with me about bitcoin it’s big bubble after November growth upto 20000$ they really worried and again came back to me was asking about bitcoin investment. In that moment I have given one big smile at their face .

Bitcoin system itself is similar to the bank accounting system, is a payment transaction system, not a scam, not a Ponzi scam. Of course, there may also be criminals holding the pretext of bitcoin to do MLM, that is Ponzi scam. But the current bitcoin market is a weakly regulated (or even unsupervised) market for similar underground markets. Risky, and the single bitcoin, the majority of speculation, the practical application too little. This is the status quo. If you invest bitcoin loss, it is equivalent to a loss of stock futures is a truth, and can not be cheated. Individuals are more optimistic about the underlying technology Bitcoin, blockchain. More and more attention is now focused on the blockchain.

indian govt said Ponzi scheme so every one started saying bitcoin is again a ponzi scheme if u think it is ponzi dont buy just see

yes you are right, bitcoin is not a ponzi scheme, it is a fluctuation
according to my observations, so far, altcoin has gone up four times, and down four times
different from bitcoin, because bitcoin has a limited amount, bitcoin moves unlike altcoin, if bitcoin rises, it will last for a long time

Bitcoins were once accused of "Ponzi schemes" because Bitcoin exchange rates are constantly rising, while early bitcoin users are easier to mine. After prolonged discussions, the allegation is generally not recognized now.
And bitcoin's core developers have repeatedly and unequivocally emphasized that bitcoin is just an "experimental" project that repeatedly prompts the risks of investing in bitcoin.

No! So it's called Ponzi Scheme because it uses the bad guys. Like the money we used to gamble, At Bitcoins it is also. Hopefully people's false beliefs will be removed to make people feel good about it.

many people are talking negatively about bitcoin many bitcoin holders know that bitcoin is not a scheme or Ponzi scheme

Bitcoin is not a ponzi scheme because bitcoin is a cryptocurrencies and just like the other kind of market, bitcoin is relying on the law of demand and supply which the price of bitcoin is depending and i think that it is too far to compare to ponzi scheme because ponzi scheme is simply pyramiding which bitcoin doesn't any have of trace like that.

to answer this question we must know about the basic point of creation of BTC, we did not know exactly Why satooshi bulid BTC ok so we can not answer that BTC is ponzi exactly. but i feel it is ponzi but we can take profit altought it is been so

Well the biggest miners do have a large amount of control over BITCOIN and cryptocurrency due to the sheer mining power

Bitconnect is the ponzi scheme and not bitcoin. They might have watched bitconnect scam videos and they mistakenly think of it the same as bitcoin. Bitcoin is not a ponzi because it does not promise any high profits but a transaction that has proofs and cannot be altered.

I think that bitcoin is not a po zi scheme, however there are people who are taking advantage of bitcoin’s popularity and adding some superlative sugar coated words to attract more people and put bitcoin investment in the sirface but actually a scam propagated by many people to create a po zi scheme and to make people invest but actually invest on nothing and in air.

I dont agree with you with this. Ponzi scheme its not always carried with fiat.
Oke i understand that all about fiat because no other currency can be used as ponzi.
But remember, crypto currency can be used as a background of legit company but in the back it can be ponzi.
For example onecoin.



I agree with this. Why people who dont want to do something and they prefer to talk something bad about that?
If we dont to do it then just dont. Dont need to talk something bad.

Ponzi scheme has nothing to do with what Bitcoin is. Bitcoin is just a hyper volatile commodity, which is 100% freemarket driven, thus making it susceptible to specualation.

For me bitcoin is like a ponzi scheme but in a different way. All of us can be the mastermind and all of us can also be a victim. Depending on how you manage or try to earn in bitcoin dictates who will you be in the two.

If you are trading that would be the case but because there are different ways to earn in bitcoin you can still escape from that path. Just take some jobs that pays some bitcoin and you will earn without being in the risk of losing something.

Ponzi scam, haha, I would not believe Bitcoins are Ponzi scams. Because each country's leaders are not fools, they desperately want to suppress bitcoin and altcoin, but they are also trying to master the blockchain technology, this is not the best proof of it? If bitcoin is a Ponzi scheme, it's okay to forbid it directly, so it does not have to be so tedious.

Ponzi scheme means referral system and receiving fixed income per time. Bitcoin has none of this attributes, you are receiving profit because of growing demand

I do not think Bitcoins are Ponzi schemes, Ponzi schemes are corrupted, Bitcoin is sold through formal means, and the bitcoin market is a viable one.

Yeah BITCOIN is like bartering goods and not fully a fiat currency, as long as people value it, it will have value

Bitcoin is not a Ponzi scheme, bitcoin is a digital currency used for buying and selling online in a digital way, like-wise the way we make use of our local currency to in our various home to buy our delay need. Bitcoin is the best among online cryptocurrency and good to invest.   

They’re probably confusing it with Bitconnect since they have similar names BCC and B.T.C. so the whole deal

yes you are right. the first person is always profit than last person. and im pretty sure bitcoin is not ponzi.
but dont forget, many people that bring their ponzi product use bitcoin as payment. so bitcoin connected with their ponzi product. it make other people says bitcoin is ponzi and bad. so, just explain careful if your friend call bitcoin as ponzi

Ponzi scheme means old investors get money from new investors. Bitcoin has no real use. A cruise missile has 16 kgs silver. Only blind investing in Bitcoin pushed its price from $400 to $10,000 in 4 years. That is super-HYIP.

10 times profit is 12 years looks OK. That way now Bitcoin should be $200 after its launch in 2009 at price of $1.

Literaly it like a ponzi if we seeing it juat in one side. But the truth is currency not making a new supply again and thats make the price are boom

No, bitcoin is not a ponzi scheme. People should try and read up what bitcoin is all about before concluding

Ponzi scheme has a pyramidal structure and Bitcoin doesn't have one.
Bitcoin has also already proved it isn't a scam.

Ponzi had started long ago in 1920 with the use of money by Charles Ponzi while blockchain started in 2009 by anonymous satoshi nikamoto. There cant be any link of bitcoin with ponzi with the years apart. Bitcoin use for ponzi depends on which country everyone comes from, they are used now mostly in ponzi scheme. We know mostly ponzi doesnt have a happy ending.

I never heard of this topic. We all should be calm and keep the momentum of buying and selling btc in tact as the original business is trading. I don't listen to any of these rumours as people are still making money with trading option and it has turned out to be good as some of them are already making a living.

I hate these kind of useless topics which are opened by newbies only for increasing number of posts.
Pointless and doesn't append to anyone...

Reply: No, bitcoin is not a ponzi scheme.



(Before attacks, Oh yes I'm a newbie too!)

Just gave you merit for at least speaking honestly as this the truth why so many useless thread keeps on trending but thanks to admin of this forum things are different and now a user need more than words and time on this forum to rank up and that system is merit. I personally like this system but believe it is implemented with some delay and still have some loopholes as forum is already flooded with many people so it is best way to control the situation but still many users resist to give their merit to other users. I think admin should start some efforts so that at least every time you come online and read things on this forum you should at least give 2-3 merits to any answer you like this way many users will get a ray of hope of upgrading.

The issue of trust in bitcoin is still open. If a person does not understand this technology, he begins to call it Ponzi, bubble and so on. And need only simply carefully to study information, to understand.

If bitcoin really was as bad as it is often said, it would not have developed to such an extent. Its popularity is only growing because it is a real working technology and no Scam.

no no!bitcoin is not ponji scheme.bitcoin is not a fraud.if it is a ponji scheme then why its developing so well and people using blockchain technology which is a part of btc.
so i can say btc is real and best

I never thought bitcoin was a Scam or a Ponzi scheme, even when I first met cryptocurrency. I've studied a lot of information about this technology to really make sure bitcoin can be trusted. And in a few years, I've never doubted him.

This is an interesting topic and affects the way we should view Bitcoin. Because it only increases in value as more people invest, in this way it is similar to a ponzi scheme, however it is not a ponzi scheme but rather a new emerging technology/ industry, hence the spike in value and adoption.

Of course not, bitcoin will never be a ponzi, but bitcoin is made ponzi as making money for some irresponsible groups and organizations that make the bitcoin name worse.

Many people say that bitcoin is ponzi scheme this is what makes a lot of people do not want to use and this is the consideration of many countries for bitcoin banned, and I think this is a mistake so we must provide the correct information to straighten it out.

The Ponzi scheme has obvious features of demolishing the East Wall and compensating for the funds of the Western Wall. Bitcoin is a game between different investors.
The Ponzi scheme is pyramidal and has a center for capital operations. Bitcoin has decentralized features.

Bitcoin itself is not a ponzi scheme but it has been used by this criminals as a reward for those investors who invest their money into them. Ponzi scheme has made the bitcoin's image a negative one because of these scammers who are using bitcoins and other cryptocurrencies in their scheme. Cloud mining, invest-wait-earn etc. these are some of the schemes they are using to scam people.

Pyramid or ponzi scheme, he is a very obvious feature is a have a centralized management, and it is a structure of a pyramid, is you in determining your income may be, the more you formed is basically wiped out at the end of the month.

BTC went to the center, not the ponzi scheme, in the early days of bitcoin, basically some cryptographic researchers and programmers playing! Later, people started to hype up as an investment!

of course bitcoin is not like ponzi. now i ask you, how long can the ponzi scheme lasting ? 10 years ? no.
ponzi scheme wont be lasted not even for 5 years i guess. bitcoin has existing for almost 10 years.

At the core of the Ponzi scheme is the central element, as an example, actually Ponzi or Sergei Mavrodi.  He attracts new members, money, organizes payments.  When 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.  In the pyramids, each victim should become the leader of a cell and buy something from those who came earlier and sell those who came later.  If a really existing product is bought and sold, then it is legal, if just a license to sell licenses to the next victims, then it is illegal and also, sooner or later, collapses.

what is ponzi scheme ? the early player will get more profits.
but bitcoin is not like ponzi. bitcoin open the same opportunities to all peoples in all time.

Bitcoin is a viable commodity for stock and other digital assets. Bitcoin is also designed to be a tool for future transactions although there are still some countries that prohibit bitcoin for transaction tools. Bitcoin is still only a tool for investment of essential commodities. 8)

Absolutely nothing about Bitcoin is a secret. It is one of the most open technologies in the world. It’s open source, anyone can review the code, anyone can contribute to the code, anyone can run the software voluntarily and participate in the network, and anyone can use the network without permission. The entire history of all Bitcoin transactions is visible to anyone in the world too.

A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for older investors by acquiring new investors. This is similar to a pyramid scheme in that both are based on using new investors’ funds to pay the earlier backers. For both Ponzi schemes and pyramid schemes, eventually there isn’t enough money to go around, and the schemes unravel

When you understand the technology behind Bitcoin and the reason it was invented, you will see that it is actually the total opposite of a Ponzi scheme.

Thank you very much! Check out my new thread about "meaningless and redundant topics". Maybe you can share your thoughts too.
https://bitcointalk.org/index.php?topic=3619416

The core purpose of Ponzi scheme is all about stealing money from people but if we carefully look at the Bitcoin, we will notice that it is about transforming the traditional payment system and optimizing the whole process. It is still in the process of development and no one is sure what is going to happen down the road and in worst case scenario, we might lose our money. There is a fundamental difference between getting robbed and suffering loss.

Why are you arguing with your friends? When you get your next expensive car or house from the earnings from bitcoin they will realize themselves that who the fool is in between you and them. Ponzi schemes don't last this long and doesn't attracts billionaires to invest in it. Just ignore them.

Whatever the negative news about bitcoin, I think, is a lie. Those are the stories that are deliberately spread by some to shake the bitcoin. In my country there is a news website that a few days ago carried an article from an economic observer-they say, whether he's really an economist or a mere fake-he declares that "Bitcoin will not touch the $ 9000 price anymore. a dream that will not come true. "
But what is the reality now? Bitcoin returns to that price.
I, personally, do not worry too much about such news. Optimistic is it.

Bitcoin is a digital currency that describes the exchange rate with the demand made, the sales contribution is subtracted from the transaction after which you receive what you ask for such a large market where buying and selling what you want to be profitable. 8)

Bitcoin is not a ponzi scheme,it is better seen as a stock market, it's price is determined by demand and supply which affect the stability of the price. Ponzi scheme is a scam that uses the returns of the old investors to pay as revenue to the new investors.Therefore try to educate them more and let them watch you while dive into your millions.

Ponzi scheme? not even close to bitcoin at all. Bitcoin not a ponzi, or pyramid-like scheme.
why ? because bitcoin is decentralized. ponzi scheme is centralized to the top, unlike bitcoin.

I think the Ponzi Scheme usually persuades new investors by offering higher profits than other investments in the short term with a very high rate of return.

bitcoin is no ponzi scheme just that its system is quiet different from what they usually know and do its fee charge,trading and investing system and so on.So its no ponzi scheme

Yes agree with you. Bitcoin existence can prove that it is quite different to Ponzi scheme. Ponzi scheme will not really exceed for long term like 9-10 years in operation. And besides bitcoin transactions or investment will collecting charges to enables investors doing trading, exchanging and etc, or a decentralized forms of investment generally. Unlike ponzi scheme it is a pyramidal form that operates in short time and vanished with all of our money were being steal.

of course not bitcoin is a digital currency that only belongs to itself no ponzi element, if you say ponzi seems you are affected by some mining and some investment projects or doubling the bitcoin that most today use ponzi scheme.

The Ponzi scheme generates returns for older investors by acquiring new investors. This is similar to a pyramid scheme in that both are based on using new investors’ funds to pay the earlier backers.

Bitcoin doesn’t generate returns. It’s just software. The price of Bitcoin is directly correlated to its scarcity and demand. The demand is not forced on others, nor do Bitcoin’s biggest proponents go around asking people for money and telling them to invest more into Bitcoin. New users that join the Bitcoin network don’t fund the older users with new money. Not at all. It’s just plain lazy to make this assertion. So this means that it is not a Ponzi Scheme.

Of course bitcoin is not a ponzi scheme, anyone can benefit from bitcoin not just an early user but a new user can benefit from bitcoin, no pyramid system and besides bitcoin will not be a scam like ponzi system. I don't know why the op says that because bitcoin is so much different from ponzi scheme. bitcoin can be used currency and investment and it is different with ponzi..

Yes, I would definitely agree with the author of this thread wherein Bitcoin is not a Ponzi scheme. I guess this people who had believed that is a ponzi scheme were those who are not very familiar with it and lack of knowledge. Bitcoin is a digital currency and a payment system where beginners should know about it's function in the crypto market. I would assume that those ICO's that has been launching their coins and yet many investors had put in some huge investment on it then later it had gone like a bubble and left the investors for good is where I consider a Ponzi scheme.

Ponzi schemes are something that bitcoin will not he capable of doing ir becoming so because in the first place it is already an established coin in the market. With bitcoin, everyone profits from their own investment which is not like what happens on pyramiding and Ponzi schemes where the head will take advantage of its subordinates and profit not only on their investments bit also from the investment of others.

Yeah this is the reason why many people are afraid to invest in bitcoin as they don't want to be a victim of this ponzi scheme. I'm getting tried of explaining to them why this is not a ponzi. Somehow little by little my friends had now realize that it's all about supply and demand that's makes the price became volatile.

i dont think that bitcoin is a ponzi scheme, i just see that bitcoin is like gold but in digital form, so if you think that bitcoin is a ponzi scheme maybe gold is a ponzi scheme too, hahaha. it just my opinion i dont know people think about bitcoin and i hope your argumetation with your friend will clear soon

In light of everything previously written, it is safe to say that if a person declares bitcoin a Ponzi scheme, then he simply does not understand what it is. If you read the bitcoin whitepaper, you will not find a word from the creators about mandatory investments in the currency and anything related to it. The eight-page document is entirely devoted to the creation and development of a currency that is resistant to the process of centralization. You need to understand that the founder of bitcoin has never run away with a lot of money, no one asks to recruit new people and investors, no one promises and does not guarantee monthly / regular income and no one controls bitcoin

because verbally bitcoin is capable of playing any role in the crypto business, and ordinary people tend to think of it merely as an investment that does not have a guarantor so it makes sense for them to think like that, bitcoin price fluctuations are seen to be bubble patterns and many people associate them with ponzi, it's wrong because cryptocurrency ecosystems are so complex and complementary.

Your defense as to whether bitcoin is a ponzi or not are very valid and i totally agree with you.If bitcoin is a ponzi,then same can be said for over 60 percent of all stocks since they really are not backed by an actually company with profitability being the sole drive of price appreciation.Bitcoin is not a ponzi

You're right, bitcoins are not really ponzi schemes. So it is called Ponzi scheme because it is used only by exploiting people. And you do not need to talk to your friends anymore because you know who you are in and do not have to worry about it.

No it's about supply and demand, a ponzi scheme is about claiming your money from the next person who gets in and so on.

No Bitcoin is the main power of Crypto
maybe You listen Wrong bitconnect project is Scam but bitcoin is Not .

I don't think bitcoin is a scheme, however, there is so many high yield investment programme that pays people using bitcoin as one of the payment processors. since high yield investment programme is very risky when the programme become scam then some of the participant will be thinking the owe payment method used is scam. the same thing happens in my country. people participated in a popular scheme called MMM and today when you discuss about bitcoin to people they will start to think you are introducing another ponzi scheme to them

I think ponzi scheme is a phrase associated with something that tends to be negative.

Definetly NO

true this is what ponzi scheme for and we see that bitcoin is not to work on this kind of situation that you can get money from one person to another cause you just only have to work by yourself to make some profit to earn for.

Yes. It is possible or to earn money through btc it's not like you invest into it and you don't get anything, that's the definition of a ponzi scheme being tricked into losing money. Btc is well recognized . A user should take precautions of trading on official websites and it's their duty to confirm their not falling for a phising scam.

Ponzi scheme always implies centralization as there is someone who pulls all his funds out which collapses the whole pyramid. However, bitcoin is designed in a way that makes it pretty decentalized and therefore it's very hard for anybody to aggregate so much of it to be able to collapse the system.

In this situation, I would do a couple things, first, I would remind your friend that the "Ponzi scheme" was actually executed with the currency fiat, and not with the crypto currency. Secondly - some people are simply ignorant, if they are not going to receive it, this is normal

This is also a demonstration of the standard operation of a bubble. It looks like a Ponzi scheme or a pyramid scheme. If I buy bitcoin today, it will be more valuable tomorrow because others have bought it at a higher price. As an existing “investor,” I am benefitting from others getting in. Meanwhile, what I’m actually owning is a bitcoin. Don’t get me wrong, bitcoin is valuable, but it’s not worth $10,000 per coin, or even $1,000 per coin. It’s a currency. It’s not Amazon or Apple stock.

Banks and most financial institutions only provide services by helping to transfer people's money or keep them until they are due to be collected. On the other hand, Bitcoin provides faster transaction speed and a safer blockchain based environment which are the services customers want. Why are banks not ponzi schemes too ?

Bitcoin, of course, is not a scam, it can circulate in the user's approval, but without strong credit guarantee!

If a person does not believe in the value of bitcoin, then bitcoin is worthless to him. Cryptocurrencies such as bitcoins circulate only within the limits of their value.

Bitcoin is actually the opposite of Ponzi scheme as its creator even after having such a large hodling of coins hasn't touched it, otherwise he could have sold just a small portion of it and made millions of dollars. Also ponzi schemes don't last this long and you don't have institutional investors investing in it.

Here in cyberworld scammers and spammers are rampant which those people can think bitcoin is not exist and to think that it's just a ponzi scheme. Basically, those friends of your need to see what we are doing in order them to believe but somehow even how detailed you explain to them and they are not open minded they will never hear your side. I would say just ignore them and continue what you've started.

The person who sells the Ponzi scheme makes the transfer of large shares of the setting of the money. In other words, he does not make investments. Bitcoin is unique in this sense. The money was pumped from the beginning. Someone owned a large proportion of the original numbers. Then, after telling everyone about it, that person creates demand for all the other numbers. The dollar value of its share of bitcoins is growing along with the value of the rest of the figures.

The Ponzi aspect appears when considering the security of bitcoin. The coins were sold under the pretext of an alternative currency. In other words, they will become money in the future. My main argument is that these coins will never become the money of the future.

it is no use to argue with the haters of bitcoin. they will always think like that.
but i think you can show them that you are earning some incomes from bitcoin, so they will believe you.

It might look like a Ponzi scheme to the un-informed but as others have posted, the mechanics work a lot differently. A more realistic comparison might be 'Tulip Mania' that occurred in 1637, although I personally think we've already seen the correction at the beginning of the year, and BTC and other crypto will start to stabilise more and more, with a steady increase in value of the coming years (with the usual rise and fall periods of any asset value).

No, but some poeple are using it for ponzi scheme, it depends on the poeple who are using bitcoin if they will use it in a bad way.

Bitcoin is very different from the ponzi scheme. Let's look at the difference:
The Ponzi scheme is an investment fraudulent activity that pays profit to investors from their own money, or money already paid by the previous investor, and not from the profits earned by each individual running the business. While Bitcoin is a software project without central authority. Consequently, no one can cheat with regard to investment profits. Like most major currencies (gold, US $, euro, yen, etc.). There is no warranty on the ability to buy and free exchange rates. This leads to volatility in which bitcoin owners can immeasurably gain or lose money. Bitcoin is also a useful and competitive payment system that is being used by thousands of users and businesses. So what do you think?

Of course you're right. Your friends say this because they know very little about crypto-currencies and do not understand why they are needed. Nothing they do not need to prove, just do your work related to crypto-currencies.

Obviously, bitcoin is not a ponzi for anyone who understands both bitcoin and ponzi systems. Having said that, there is a slight common denominator which of course does not necessarily hold true all the time in that. At some point, newer adopters would have to pay older adopters of bitcoin in x month or years time which does also happen with ponzi. But the clear difference here is transparency, ponzis more often than not shield details about the investors under a different guise.

Your definition of a Ponzi scheme is correct and when we see bitcoin in that light it is obvious that bitcoin does not fit the definition, so your friends are incorrect about their negative opinion of bitcoin, however I suggest to you that you do not bring the topic anymore with your friends if they do not want to adopt bitcoin then that is fine as long as you are doing it you will benefit yourself when bitcoin goes up in value and they are going to regret not listening to you.

This doesn't work as a proof. He could be dead or waiting for Bitcoin to reach 100k USD per coin in which case he'd probably be the richest man in the world. Satoshi hasn't touched his coins but it doesn't mean that he never will.
Bitcoin is not a ponzi because of the creator. It's not a ponzi because it hasn't been constructed to give profit to the creator. It was his dream to give people financial freedom and it's coming true.

Cmon guys, till this far BTC ha gone, someone still thinks its a ponzi??, Bitcoin is not a panzi, if it were developers might have backed off when it peeked at 20k and made away with the highest value, BTC is just a god crypto coin, normal and perfect to the crypto nature, prone to the market forces that sees its value rice and fall over time

Of course, Bitcoin is not a Ponzi scheme because Bitcoin doesn't offer high profit and it is not a riskless investment. It is a new useful technology. Its price increase because of its low supply.

Yes that is true, to me i think that every person has their own thinking, but to me i think that bitcoin is becoming a legal currency throughout the world and very soon bitcoin will be use as primary currency by the people., So i do not think that bitcoin can be consider as ponzi scheme. Bitcoin is in fact a very important change in the world economy.

Bitcoin does not have a ponzi scheme, although bitcoin has a limited amount, but so far bitcoin has grown and bitcoin has become part of the assets worth investing or holding. So there is no ponzi scheme on bitcoin.

Some term it as a pyramid scheme while some others term it as a ponzi scheme.It's just used to misguide people about bitcoin.But it's not true.It's a decentralized currency and so no one could use it in such a way.

That is the ideology that bitcoin critics always hold, that bitcoin is a ponzi scheme, without them knowing the blockchain technology and what bitcoin really stand for. Ponzi scheme depend on others money to fulfil their promises ,but bitcoins is different.

Your opinion is very true Bitcoin is not a ponzi scheme, Bitcoin is a digital currency that can be traded like any other currency and can be used as a means of transaction to buy goods and necessities, bitcoin has a real value even though sometimes the price goes up and sometimes down. they are determined by market demand.

You are very correct. In bitcoin nobody is paying you based on the people that are entering the world of bitcoin. Its like the normal money you work for. The only difference is an online currency. You can be paid for working or doing anything worthwhile in bitcoin in exchange of your paper money.

There are many companies doing ponzi scheme in cryptocurrency/bitcoin.  Ponzi scheme is the heart of the scammer. It was not even mind like bitcoin, it was not base on supply and demand value. It was a guaranteed return, therefore people are being entice to join the wagon and earn a lot of money. Sounds familiar, that ponzi and please don't get crazy. :P

 It shows a fundamental lack of ability to do basic research into something you don’t understand, before making any broad assertions about it. When you understand the technology behind Bitcoin and the reason it was invented, you will see that it is actually the total opposite of a Ponzi scheme. Absolutely nothing about Bitcoin is a secret. It is one of the most open technologies in the world. It’s open source, anyone can review the code, anyone can contribute to the code, anyone can run the software voluntarily and participate in the network, and anyone can use the network without permission. The entire history of all Bitcoin transactions is visible to anyone in the world too. Those saying bitcoin ponzi lack knowledge what behind the technology.

People who doesn't have the right understanding as well the one who missed the opportunity of making money through bitcoin investing earlier, just to console themselves term bitcoin as a ponzi scheme. People who have the right knowledge and has got benefited through it will never term it a ponzi for any reason.

that's right guys, you have explained the difference of bitcoin and ponzi. I myself have heard a friend's statement that bitcoin is ponzi. but I do not agree and explain the difference. and finally they understand the bitcoin and ponzi systems. actually it's easy to tell the difference. but they already think negative about bitcoin.

Yes... Friend, you're right bitcoin is not a ponzi scheme. In fact many country's accept bitcoin as legal tender in their country and also a lot of people trusting bitcoin for their investment. I think your friend has no idea what is bitcoin all about and what brings positive effect of this new technology.

People who call Bitcoin a ponzi or a scam are afraid of it. They do not want to loose their power.

It is really funny to ask such questions. There is no relation between Bitcoin and ponzi schemes. Bitcoin is a real and valuable crypto currency and everyday new investors start buying and trading it around the world with big volumes of money, because they know how much it is valuable and promising.

Yes I absolutely agree, ponzi schemes are distributing the money from old investors to new investors lead by the founders. Bitcoin is owned by the people so there ist nobody who is in position to enrich himself. Bitcoin is decetralized.

Why did you ask? It's not please. This is a global coin and business

at the first time I know bitcoin I thought bitcoin is a Ponzi scheme too, but by the time I learn about bitcoin and blockchain, also try to have it some I realize that bitcoin is not a Ponzi scheme, it just like your money but doesn't have physic form, which is it just work digitally

The ponzi scheme is a kind of swindle which is typical of robbing the east wall to pay for the old people's interests in order to increase the investment fraud fund. Obviously bitcoin is not.

Bitcoin is a constant digital currency.

A Ponzi scheme requires a central organization to receive all the investments, Bitcoin is a currency traded on numerous exchanges with no central authority exchanging coins for value. The only way a cryptocurrency like Bitcoin could be used in a Ponzi scheme would be with the manipulation of smart contracts like those proposed for Ethereum by Massimo Bartoletti, Salvatore Carta, Tiziana Cimoli, Roberto Saia. As it stands, Bitcoin is NOT a Ponzi scheme but could be susceptible to one.

No Bitcoin is the main power of Crypto
maybe You listen Wrong bitconnect project is Scam but bitcoin is Not .

Of course Bitcoin Ponzi is not the project. bitcoin is a digital currency and Technology is the currency. The journey of this currency started using the internet in the 1980s. This coin is doing its job without any administrator. So I think Bitcoin is not a Ponzi project,Rather, a tool to invest Bitcoin products.

Yes of course you are right. Bitcoin is not a Ponzi scheme, bitcoin is a digital currency that can be used for investment, for means of payment and can be traded. Bitcoin benefits us because of the fluctuation of its value. Bitcoin fluctuations are affected by demand and supply. While the Ponzi scheme is a false investment that pays profit to the investors from their own money or the money a new member enters. From here we can see bitcoin is not a Ponzi scheme.

No, bitcoin is not a ponzi scheme. If it was one , it would not have survived for 9 years and grown so fast.

BITCOIN can never be a scam, make sure you take a course on Blockchain technology so that you will understand how it works .
BITCOIN is just a prototype to test-run how Blockchain will functions.

Bitcoin is not a Ponzi scheme, bitcoin is a digital currency used for buying and selling online in a digital way, like-wise the way we make use of our local currency to in our various home to buy our delay need. Bitcoin is the best among online cryptocurrency and good to invest.   

I think you need a proper education about Bitcoin, the origin of it, it's goal and purposes, you can take this course, it's cheap and worthy
https://www.bitcoinmarketinsider.com/bitcointrading/

No it's not a ponzi sechme

I for example first hear about such a scheme)) I do not know the answer, I wonder what colleagues will say))

Bitcoin is a Ponzi scheme, and it will collapse like one.it will stay afloat only as long as enough people buy the fiction that bitcoin represents real value.

What about the fact that those who bought bitcoin early have made huge amounts of money? Well, people who invested with Bernie Madoff also made lots of money, or at least seemed to, for a long time.

No it is not a ponzi scheme bitcoin what you invest in bearing in mind that you may make profit or lose as the case may be while because at times the price of the bitcoin goes up and some times it comes down so if you invest when the price is up probably you are making your profit vise-visa that is how it is, it is not a ponzi and can not be.

The Nakamoto scheme is an automated hybrid of the Ponzi scheme and the pyramidal scheme. From the point of view of the management of a criminal organization, it combines the strengths of both schemes and (at present) lacks their weaknesses.

ponzi scheme never lasting long. when most of them have referral, they will out of referral and the scheme will crush.
ponzi = the earlier join, the more profit. bitcoin = earlier or later, both will gain profit.

There was a Youtube video in 2013 that said Bitcoin was a Ponzi Scheme. It does seem like it if you bought Bitcoin when it reached $20,000. But Bitconnect was definitely a Ponzi Scheme.

if you think that bitcoin is a ponzi scheme maybe gold is a ponzi scheme as well, hahaha. that's just my opinion, I do not know people thinking about bitcoin and I hope your argument with your friend will be removed soon

You should never underestimate people and their disbelief, take for example the current economic system anyone that takes the time to study for sometime how things work knows that the system cannot last forever at some point it is going to crash, but the people that do not took that time do not want to believe that could happen and they are going to deny it until it happens.

This has been asked to me many times before especially in the early years of Bitcoin. I mean those early years I am starting to trade Bitcoin. But I can tell that people asking this question has decreased in number because Bitcoin is being introduced by many using social media. I also watched interviews about Bitcoin in local and international channels. That could be proof that Bitcoin is not a Ponzi scheme. 

Bitcoin is not a ponzi scheme because it involves stock market and even exchange, ponzi scheme is entirely different from bitcoin

People who say bitcoin is a ponzi scheme can be ascertained that they do not understand about bitcoin, but to make them stop thinking about ponzi schemes so when bitcoin can last for a long time and prices keep rising, because ponzi schemes are always short-lived.

haters will be a hater. ponzi scheme is like a pyramid. The earlier you join, you will get more earnings.
i think bitcoin is not a ponzi or pyramid scheme because if you buy bitcoin from the dips, you will get good profit too later.

Bitcoin itself is far from being labeled as a ponzi scheme. Bitcoin is utilized as a paying medium world wide. Bitcoin though, is used by ponzi schemes through mining services and ICOs. Only non-crypto people would say that Bitcoin is a ponzi scam due to lack of knowledge and probably a cryptocurrency hater.

Bitcoin is not a ponzi scheme because with the blockchain technology applied by Bitcoin, the Banking, Government and other conventional financial institutions are worried, because people can switch to variants of Bitcoin, Ethereum, Litecoin and the like, because the bitchin blockchain technology is more transparent, low-cost, fast-paced and profitable to every user, and the value of bitcoin assets that continue to grow significantly (not just benefit the bank and government alone).

You're right. Bitcoin has no leader and no pyramid model. As I know, the ponzi model is a pyramid model, who come first will enjoy high returns from later arrivals. Bitcoin is a product based on Blockchain technology so it is not possible to call Bitcoin a ponzi model.

I think there is a price game on bitcoin, pump and dump there definitely is. However I do not think that bitcoin is ponzi because of how far bitcoin falls, bitcoin will persist and get better again.

Sometimes my friends i thought of something like that, but eventually I understood what the digital money was really going through, the ponzi schemes were like pyramiding scams, so you would invest a little bit but you gain more that is pyramiding scheme/ponzi scam , but the bitcoin forum  friend receives investors like icos to promote their tokens to be known as bitcoin.

Bitcoin is not a Ponzi. It depends on the person or company if it will use this kind of scam. Some people who are hungry for money often joins a bitcoin program that is hosted by a ponzi. Bitcoin's price always depends on market so if you are investing on bitcoin, it is hard since it is hard to predict unlike on ponzi style, the profit is guaranteed but it is too good to be true. Always be aware from those bitcoin related that you are joining into to prevent your savings to be depleted and swears bitcoin if you are an idiot caught by the ponzi operations.

I agree with you because there is no way Bitcoin can be like Ponzi Scheme. Bitcoin provides daily news about its pricing for selling and buying exchange. It also provides real time proof for every transactions for both parties involved worldwide and holds transparency.

People will keep asking questions like that because they cannot understand how something that they cannot touch with their hands can be so valuable, if you give them an explanation two things can happen, if the person has an open mind then that person can easily recognize why bitcoin has such a high value but there are also many people that are very set in their ways and no matter what you say to them they will not change their mind.

Of course you are right.
The Ponzi scheme is an investment scheme that pays investor profits from payments to other investors. not from business profits. It's like a money game where investors do not really invest their funds in real binsis. of course it goes against the nature of bitcoin. Bitcoin is transparent. bitcoin is a digital asset that can be redeemed in common currency such as USD, Euro, etc. Just as Gold can be exchanged for money as well. All bitcoin transactions can be tracked through blockchain. Bitcoin is a Digital Asset, not a ponzi scheme and not a fraud.
At first, let me clarify that Bitcoin itself is not a scam, but how Bitcoin is sold is a scam. More about that below.
To get started, it's important to understand what Bitcoin really is. It will be easy to get bored with discussions about technology, about peer-to-peer servers and sophisticated algorithms. However, retail investors who accumulate into crypto currency, especially those that have absolutely no real purpose or product of work, make the whole market a bubble-like phenomenon, where users will then take the heaviest losses.

Bitcoin is never a ponzy scheme in any way, bitcoin is legit

Bitcoin can never be a ponzi scheme, its a currency and decentralized peer to peer cash system, not run by some organization andthe value determined by supply and demand.

Many people I know tag it ponzi though I don't blame them. We all know that ponzi uses new people's money to pay off the Old ones and this cycle continues until the system collapse. Bitcoin is simply like the stock market, and market price rise and falls based on market demands. Which is quite simple. Maybe the volatile nature of it is what some can't wrap their arms round it.

Ponzi schemes are no where near Bitcoin. they are just two different things. Bitcoin is a secure and safe digital currency integrated on the Block chain Technology. People still consider Bitcoin as a novice technology and that make it hard for them to trust its security.

A lot of people are skeptical about Bitcoin, more often than not they recognized Bitcoin from the news being a ponzi scheme, a scam, or just a false quick to riches money scheme. You cannot blame them because that is what the media is feeding them, this is the black propaganda against Bitcoin, they want it to look bad, so people will stay away from it. That is their strategy to destruct Bitcoin since it is a threat to banks, big corporations and governments.

the ponzi scheme is not a bitcoin but the system
many sites use bitcoin in ponzi and bitcoin schemes for payment
except in market sites buying and selling bitcoin there is no ponzi scheme because we are selling and buying

Maybe some people do not understand about Bitcoin, so they think that Bitcoin is a ponzi scheme, if you explain some factors about Bitcoin, I'm sure they will understand and realize how Bitcoin works to make it easier for everyone to transact online in the future.

We will not deny the fact that at the moment there are a lot of crypto-currency pyramid schemes and Ponzi schemes, but this does not mean that all crypto-currency projects are such. We will not resist that this market was, is and will be inclined to this kind of schemes. But this does not lead to a logical conclusion that bitcoin is a Ponzi scheme.

Poor orientation simply because they dont have to refer people to earn and they system is way different from what they use to know.I think they need good seminar so they can truly know what bitcoin is all about.

bitcoin is not a Ponzi scheme. I think your friend does not know anything about bitcoin. maybe he just read the news about the ponzi business that many people do business with others who pay bitcoin. or he received word of lie about bitcoin from a source that he believed.
but actually bitcoin is not like that. Bitcoin Made with blockchain technology. nobody makes it manually by hand or in a simple way. after the bitcoin exists, people can get it by buying ata by doing a strategy that can produce bitcoin. so will not increase bitcoin, When someone just keep silent.

People fail to get valid information about stuffs before making their judgement,due to the fact that they at one point in time participated in one ponzi scheme program and it was nothing to write home about.I think they need to be well informed and get involved.

At first, I was confused by the title of this thread. But when I look at the thread, I think the OP's had a point. Well, first and foremost, bitcoin is not a scam. The people who use bitcoin to make Ponzi Scheme are the really scammers. Bitcoin is a currency and it is natural in bitcoin to become volatile because many people trades bitcoin.
Better to look at it better and try to have different research, for you to know the bitcoin deeply.

Yes, you are right, Ponzi Scheme purpose is to grab money from new beginners, make as much as they can after that, they will close up and run away. but Bitcoin has the purpose of bringing financial freedom to everybody to benefit from it.. Bitcoin have last longer than the Ponzi scheme. If it were to be a Ponzi scheme it could have run away earlier before now.

Ponzi scheme is something that you put your money and have some interest. But bitcoin is the other way around. You have to buy, invest and manage your investment. When it increases, you gain, and when it decreases you lose but that depends on how you trade or handle your bitcoin.

So the price is formed purely because of the difference in demand and supply which gradually keep changing. when prices soared up, many considered it a ponzi scheme. Yet it is the result of the rise of demand.

Bitcoin is a digital currency that can be used to buy and sell with a value while  ponzi scheme is a form of fraud that made people to believe in an unexisting enterprise by paying  quick returns to first investors from money invested by late investors, Teaching people that do not believe in technological developement is alot of work, you must be patient with them.

It's not a ponzi scheme , As per my understanding bitcoins recognized by supply and demand. In volatile market prices goes up and comes down.This could happen in any other investments like share’s, property, gold etc..etc.

Bitcoin is not a ponzi scheme because the price of bitcoin is on the demand and on the supply. Yes new users contribute on the demand but the miners provide the supply that the user can use immediately. In a ponzi scheme, you gain in random times with random amount. But if you buy bitcoin, you can use it however you want in any bitcoin-accepting industry or person.

I think your reasoning is also quite standard, because: PonziThis is a loan model from this person's money to pay interest to others. That is, the borrower will make promises with extremely attractive interest rates, accompanied by live figures that have been very successful in this Ponzi model. Its origins start with businesses lawful business. But then because the business was not conducive to it, it turned into a Ponzi model and used fraudulent behavior.To pay extremely high interest rates to borrowers requires an increasing cash flow, meaning that the number of new investors will increase as well.

Upto this far, Bitcoin cannot be a Ponzi, it's just that it's facing. Difficult time  in the market, but that doesn't make it a Ponzi at all

Ofcourse not bitcoin is a virtual currency and not a ponzi scheme or ponzi pyramid that you need to have people before you can earn money, having a bitcoin is your choice if you want to have this and specially not all bitcoin you need to buy sometimes you just need to work for it.

I think you are right. we all know that the ponzi system with bitcoin is very different, if bitcoin with the stock price system is up and down and investors can check it. then different again with ponzi that is by giving profits in the beginning but in the end when people inves with funds higher than the beginning, they will run away with funds without a trace. and this is pure fraud and very different from bitcoin.

It is right to rise and defend the name of this investment or some people will totally to believe that Bitcoin is a scam like HYIP and Ponzi scheme. We should help one another to depend Bitcoin that it is not a scam but the people who use its platform to steal the hard earned money of the people is the scam.

no bitcoin is not a ponzi scheme, but many people said that bitcoin is ponzi scheme because they look the bitcoin holder is getting money in a fast way ( like the ponzi scheme at the beginning only). as you know that bitcoin is a normal currencies but doesn't have the digital form, its mean that bitcoin just have a digital form only

Bitcoin doesn't act as a ponzi scheme.

Bitcoin is not a ponzi, bitcoin is something of value. Just like the people who bid on the items being auctioned, people fight each other for bitcoin.
Maybe this sounds useless, but in the future bitcoin will be used for means of payment and is no longer up for grabs. Because it is true at the beginning of bitcoin creation, bitcoin is used as a means of payment rather than as an investment tool.

It is not like that. it is tike the other scheme like share market or other big schemes.

The Ponzi scheme has obvious features of demolishing the East Wall and compensating for the funds of the Western Wall. Bitcoin is a game between different investors.

Yep you are right. People who are not familiar with the industry will have wrong judgement. You can tell your friends about the history of bitcoin, and tell them about the development of other altcoin.

many people are talking negatively about bitcoin many bitcoin holders know that bitcoin is not a scheme or Ponzi scheme

Ponzi Scheme is more like a Pyramid that the upper-ups will gain more profit when they got more people below their current status or legs. Bitcoin is more like a currency that can be used to buy products and services through blockchain. If bitcoin is ponzi scam why did it endure long and massive wave of fuds and still gather more people to invest on it.

Do not waste your time trying to think about it, bitcoin is not ponzi scheme and if someone can not perceive it, then this person simply does not like bitcoin and is using argument of that is ponzi scheme

no, what makes bitcoin a ponzi scheme is from a certain group that develops ponzi and hyip investments from there bitcoin name becomes ugly because many people suffer losses due to a scam.

You are right, it is a digital currency whose price moves based on supply and demand. There are other crypto projects that look like ponzi to me. One example is steemit.

Regardless of the technology used to operate the Ponzi model, the scams using this model have similar characteristics:
 Commitment to high returns with low risk
Profits are stable regardless of market conditions
Forms of investment are not registered with the competent authorities
Forms or investment strategies of organizations are called confidential or are described as very troublesome
Clients are not allowed to view official papers for their investments
Customers are hard to withdraw money from the organization

Bitcoin is a digital money it is like our regular currency but this is in the form of digital money. It is not ponzi scheme because it is dependent on supply and demand in the market. People may call it ponzi when holder invest it in ponzi schemes but not the money itself or bitcoin its the program where you invest it.

At the core of the Ponzi scheme is the central element, as an example, actually Ponzi or Sergei Mavrodi.  He attracts new members, money, organizes payments.  When 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.  In the pyramids, each victim should become the leader of a cell and buy something from those who came earlier and sell those who came later.  If a really existing product is bought and sold, then it is legal, if just a license to sell licenses to the next victims, then it is illegal and also, sooner or later, collapses.

You imagine Bitcoin is a ponzi scheme then anything that goes up legitimately is also a ponzi scheme because people who invest at the beginning of everything get many benefits. Not that ponzi, that's what you call a good investment. Bitcoin is a thousand percent not a ponzi scheme that you can be sure of. Bitcoin costs are high. Bitcoin is not used to transfer money. No projects on Bitcoin. Prices only go up when there are more buyers, so it acts like the current Ponzi scheme.

A ponzi scheme promises a high return on your stake that is paid for by new investors.  Though somebody taking an advantage to use Bitcoin as fuel of their Ponzi scheme agenda.

The Ponzi scheme is characterized by latecomers' investments as the first-to-last benefits.
Bitcoin, like gold and diamonds, is digital gold!

Bitcoin is not any kind of scheme at all. The people who have no idea of bitcoins they can say whatever they want.

A ponzi scheme always promises to have a good return on any investment. But bitcoin never promises anything to it's buyers. The quantity of Bitcoin is limited and in last few years it continues to gain it's popularity so the price keeps on increasing.

In any kind of scheme (legit or ponzi) there is a  governing body who collects all the funds from the investor and use the total fund. But in bitcoin there is no governing body who is collecting the fund. you are owner of your own poperty. 

yes I agree with what you say, ponzi like multi-level management that ultimately the developers only promise big profits and konsisnten every day to attract the participants but after many who joined the developer just leave. While bitcoins are not like ponzi, our bitcoin can control its own benefits independently of others

Bitcoins are essentially a commodity with a fixed rate of issuance.  It is not a ponzi because after you've acquired bitcoins, there is no promise extended that you can redeem them for any value and there are no dividends paid to those who hold bitcoins.   Bitcoins are traded, so the exchange rate can rise or fall, so there are those who will buy or sell bitcoins to speculate on the price

There are two or three things I would do in this circumstance, right off the bat, I would remind your companion that a "Ponzi Scheme" was really done with fiat cash, not digital money. Besides - a few people are simply unmindful, on the off chance that they are not going to get it, its OK. similar individuals likely have those heartbeat dial phones at home and cant make sense of why no one calls them any longer. There are a lot of receptive individuals on the planet, at times you need to release a couple of the naysayers.

Bitcoin is compared to a ponzi scheme because of the way other people advertise it. They are telling people that bitcoin can double their money in just few months though its true, its just absolutely ridiculous to convince someone with that kind of advertisement. They just making that person be in desperation for sometime.

Bitcoin is not a Ponzi scheme. Contrary to the Ponzi model, Bitcoin does not have a managed entity, no specific promise for profit, and users can start with a small Bitcoin without the minimum investment package. .
The Bitcoin network is not a Ponzi scheme; however, it should be made clear that the subject can exploit Bitcoin for their own phishing patterns.

some people think that bitcoin is a ponzi scheme because they buy it from those who bought it cheaper, but it is not, the price is dictated by the market

Not really, bitcoin market is depend only one supply and demand like the stock market. Just because there is some Ponzi scheme which accepting bitcoin payments we can't say bitcoin is a Ponzi scheme too.

bitcoin is not a ponzy scheme its a cryptocurrency which can be said to be a digital curency or better still we will say is a 21st century currency.

Bitcoin is very far and very high from the level of ponzi schemes. Ponzi schemes are just illusion of money circling. Bitcoin is much more greater and more has a logical system that follows. Bitcoin already has established value long before it became popular in the market. Bitcoin is an innovation that really helps and improves the monetary system.

Bitcoin is actually the opposite of Ponzi scheme as its creator even after having such a large hodling of coins hasn't touched it, otherwise he could have sold just a small portion of it and made millions of dollars. Also ponzi schemes don't last this long and you don't have institutional investors investing in it.

First of all, bitcoin is not a ponzi scheme because it is not like the other type of investment where you will put mommey and then you will make profit by inviting people to put their money also because bitcoin is like the stock market that determines its price and value depending on the people so it is not like networking.

There is no strong to describe it a ponzi, till date users who say it a ponzi might have faced some issues with bitcoin which is just because of their careless or due to their own mistake. Because, lots of ponzi schemes were getting promoted with the name of bitcoin to trap the users in a much easier way.

bitcoin can not be equated with Ponzi at least, because it is so different, ponzi is seen if it is a fraud system, and bitcoin is digital currency and nice bitcoin in trade and investment.

I agree with you because there is no way Bitcoin can be like Ponzi Scheme. Bitcoin provides daily news about its pricing for selling and buying exchange. It also provides real time proof for every transactions for both parties involved worldwide and holds transparency.

Pairing Bitcoin with a Ponzi is really an untrained interpretation. Particularly, using blockchain technology in the same sentence as Ponzi is insulting a technological development that has so much infrastructure.

Ponzi scheme tend to not sustainable in long time, unlike bitcoin. Bitcoin almost 10 years existing in the world.
maybe your friend need to know the advantage of bitcoin from other currency. and you are right, bitcoin is not like the ponzi scheme that will
vanish when they raise much funds and doesnt have a new comer anymore..

I too believed Bitcoin to be a ponzi scheme a few years ago  ;D. However, after getting more informed on it, i do not hold this view. The main reason for such belief is that the negative news related to any incident gains more attention than the positive news.

I think that's wrong thinking, because as a member in this forum as long as I join there is no fonzy system, according to my experience join in MLM every member recruits we issue deposit money then make pyramid system ,, but in world crypto we do not issue deposit, enough work here and generate bitcoin :)

Only the haters can consider it as a ponzi scheme because ups and down is a normal fact in every case of business.

I think it's a matter of wrong information that other people heard about bitcoin that is why other people telling bitcoin as ponzi scheme, and maybe those others who bought at high price will think of this too.

I find it quite ridiculous to consider Bitcoin a Ponzi scheme. Investing in Bitcoin is similar to investing in stock market. The money you earn is the difference between the selling price and the buying price. Not anything of Bitcoin reminds me of Ponzi scheme.

Ponzi scheme means referral system and receiving fixed income per time. Bitcoin has none of this attributes but the truth is currency not making a new supply again and thats make the price are boom.

There is no way to say that bitcoin is a ponzi scheme because it just don't meet the requirements to be a ponzi scheme.. tell your friends that they are a huge group of dumbasses that do not even know how it works.

Bitcoin is an accepted means of payment because a bunch of people on the internet agree to it. It’s also has the perks of peer to peer seemless payments away from bank control. A Ponzi scheme is related to pyramid schemes and matrices and referral based platforms. P.s bitcoin is a digital asset worth more than gold a solid asset!

I can perceive any reason why a few people think it is a Ponzi conspire. Since it doesn't pay intrigue like offers. It can just ascent if individuals pay cash in. What's more, it's not possible for anyone to take more cash out than they put in unless it's other individuals' cash. So everyone's benefit in another person's misfortune. Or on the other hand else it wouldn't work. Not every person can benefit. Albeit a few people figure everyone can benefit. Well they can't.

Your friend must have no idea about Bitcoin and the Ponzi scheme. They are totally different like chalk and cheese. The price of Bitcoin is decided by demand and supply, absolutely transparent, while a Ponzi scheme is a scam, to rob Peter to pay Paul!

If you've educated your friend on Bitcoin and Ponzi Scheme but they still stubborn, then it's no use continuing arguing with he or she. I can't understand why people could suppose Bitcoin and the Ponzi scheme on the same page. While the Ponzi scheme can collapse anytime and is a fraudulent system, Bitcoin is totally clear.

A Ponzi scheme is a carefully orchestrated financial scam that's completely illegal. The scammers generate big money by deceiving investors. In contrast, there is no one pulling the strings behind Bitcoin but investors who buy and sell it for gain. I think your friend doesn't understand the situation but just follows the rumors. Actually, Bitcoin itself isn't bad, but con artists use it to hoodwink others, causing bad reputation for Bitcoin.

Yes, indeed, the scheme of attracting investments in bitcoin is a bit like Ponzi , but still I think that this is a completely different system, although very similar.

Do not argue with your friends regarding money. That's the friendliest advice I can ever give you. Well, if they don't believe you or Bitcoin, just ignore them. That's what do with my friends. I ignore those who have negativities with what I do and give links to those who are curious. Bitcoin is so volatile that I'm afraid to be blamed if a friend I had encouraged failed his trading. That's what I really avoid. I treasure Bitcoin as well as friendship. Do not involve money with it.

Bitcoin is a Ponzi scheme, and it will collapse like one.it will stay afloat only as long as enough people buy the fiction that bitcoin represents real value.

  Of course Bitcoin is not a ponzi scheme, it has shown that over and over gain in the crypto market  that it can be trusted, Bitcoin has been here during struggles just as well as during the good days, this is a coin that has peaked upto $ 20k, an all time high for any digital asset, yet the developers dint n vanish,BTC is already a success, and were it  a ponzi investors could have already lost quite a huge some of money, BTC is  legitimate and has always been legitimate.

No ,it will never be a ponzi scheme , because in the ponzi scheme you can not join without money capital investment, in bitcoin you can join without any capital money, in bitcoin if you want to invest money in bitcoin you are the one to manage your investment as it will gain profits, if you join bounty campaign in bitcoin you will then have profits, while in ponzi scheme, the money of new members will be the one used to give the old members its gain.

It's ironically a ponzi but not directly.
When I think ponzi I think of Biiitttccccoooonnneeeccccct!

We don't need to argue to those people who doesn't believe in bitcoin,they are just the person who doesn't have enough knowledge on cryptocurrencies.Bitcoin is not a ponzi scheme but those people who are behind this fraudulent acts and illegal activities,they are the one who ruins bitcoins reputation to masses.

The same people probably have those pulse dial telephones at home and cant figure out why nobody calls them anymore. There are plenty of open minded people in the world

Why can you say that is not "directly" a ponzi scheme? Bitcoin is the first digital currency on the block chain for 10 years now and it is still not let any investors say that it is a scheme. If Bitcoin is a scheme, I do not know if Bitcoin will be still here for that long 10 years now. The fact that Bitcoin is still leading the market as the most strongest and most expensive crypto currency in the world.

If someone says that Bitcoin is a ponzi scheme, you better ask them how long Bitcoin is reigning the market. If they don't believe you then tell them that they do not know what Bitcoin is.

Bitcoin is a Ponzi scheme. I have heard many people say this words, and anyone who knows Bitcoin will not believe such a lie, but such rumors still cause great misunderstood for those who do not understand Bitcoin.  I think we all have an obligation to tell them what is bitcoin.

Yes you are right in your expination. But you do not need to explain what bitcoins are and how they help us especially with financial needs. It is better to keep silent and catch all their allegations. Let's make this inspiration to be more industrious and earn more on bitcoins. I am sure that they, themselves will find the answer to what bitcoin and what it can do for our lives.

I think you are very right and I also strongly believe that bitcoin is not a Ponzi scheme, since I was beginning to know bitcoin I am very confident that bitcoin is a trading system and also very good for storing our assets for the future with the ever-increasing price of bitcoin every year .

Bitcoin is not a ponzi scheme ,in a ponzi scheme , the investors which are old , are to be be given the profits ,from which the money to be given to the old investors are taken from the money of the new investors, as related to pyramid scheme, other thought bitcoin would be like that but , it is wrong , in bitcoin when you invest , the investor will be the to manage his bought tokens and altcoins which he invest .

I support the statement of bitcoin isn't a ponzi scheme, because we won't reach $6400 above worth per btc price. This is totally different from a ponzi, like those people who've been doing a product networking offering some training and seminars that could deceive people to believe on their presentations. But with bitcoin, the idea is different due to it has a huge community and the population of those holding this currency were growing in numbers. So it can be viewed as virtual currency who has a value same as centralized fiat currency or paper money, and bitcoin can be known as decentralized currency which only be viewed through computers via internet blockchain network nodes.

Bitcoin is not a Ponzi scheme. Bitcoin has community support, but Pang's plays are nothing. In the encrypted world, the calculation of force is a common understanding.

People who say bitcoin is a ponzi scheme can be ascertained that they do not understand about bitcoin. But I can tell that people asking this question has decreased in number because Bitcoin is being introduced by many using social media. I also watched interviews about Bitcoin in local and international channels. That could be proof that Bitcoin is not a Ponzi scheme.

For people not understanding how crypto works, Bitcoin may look like a Ponzi scheme, but it is nothing like that. However there are truly a lot of scams in the crypto market.

Bitcoin is not a Ponzi scheme but a digital version of children’s play paper money. This is true for all cryptos. Here is why. In order for people to be able to exchange or transfer ownership of things, be it: land, cars, gold, stocks, money, patents, copyrights, etc., they must name these things and specify their properties and quantities. For that purpose, alphanumeric characters are used that are written on some paper or digital medium. These instances then constitute the representation of things, and they exist in the form of an invoice,  a gold or a stock certificate, a banknote, or a record of patent or copyright. Now, it is pretty obvious that representations we just mentioned cannot exist if it were not for actual things. For e.g., an invoice cannot be issued if no item has been sold, an individual cannot get a stock certificate without the ownership in a corporation, numbers in a bank account cannot be created without some borrower becoming obligated to repay the loan, a gold certificate cannot be put in circulation if no gold was stored, etc. Thus, representations in the form of characters written on a medium, are just means to identify and quantify actual things. As such, they are abstract entities without value on their own. What has value are the things represented with them – delivered goods and services; an entitlement to a set amount of gold; an ownership in a corporation; a legal claim derived from borrowers’ obligation; an exclusive right granted by a government to an inventor; or a legal right that grants the creator of an original work exclusive rights for its use and distribution.

The crypto world is build on the negation of this fundamental duality between the thing and its representation and in it, a quasi representation in the form of digital characters exists without the thing the characters are supposed to represent. To better understand the absurdity of this world let us explain the concept of fiat money and what actual thing is represented with characters like USD, EUR or GBP and their numeric quantifiers written on banknotes or bank accounts.

In today’s world, fiat money is the most misunderstood thing, even among economists, and thus, the core reason why so many people falsely believe that this money is without intrinsic value. This misunderstanding made many to throw away their dollars, euros or pounds and join the crypto world. So, what exactly is fiat money? Well, we are all familiar with the fact that in a fiat monetary system, all money comes from debt. What that means is that, all dollars, euros or pounds in circulation, either paper or digital, must ultimately be paid back to banks. Paid back by whom? Well, by borrowers. By those individuals and companies that received the loans, spent these loans, and in that way received land, cars, houses and other valuable things from people. So fiat money is essentially legally enforceable obligation of the borrowers. Now, if one has an obligation then the other has a claim. Given the fact that a claim is property in the fullest sense of that term and it may be sold, transferred, mortgaged, and inherited, it follows that dollars, euros or pounds are actual marketable things with intrinsic value. Their beneficiaries are both, the bank and their owners, which is formally recorded in the balance sheets of the banks. Specifically, when a bank grants a loan, the loan contract is shown both, as an increase in bank’s assets because the bank now has an additional claim on borrowers, and as a positive entry on the liability side of the balance sheet, because fiat money owners now have an additional claim on the bank. What that means in practice is that borrowers have two options: either they will sell their valuable things to fiat money owners directly on the marketplace to get money for their loan payments, or the bank will take possession of their land, cars, homes and will sell their valuable things to the owners of fiat currencies indirectly, via foreclosure. So one way or another, legal enforceability of fiat money ensures that its owners will come back into the possession of valuable things similar to those they handed out to borrowers or other people in the money circulation chain. And that’s the beauty of fiat money. Since it comes from debt, and debt is a legally enforceable liability that must be settled, the demand for fiat money will exist as long as fiat money does. In other words, even if people completely abandon dollars, euros or pounds as means of exchange, the borrowers are still forced to use them until all their debt is paid off, since non-acceptance of fiat money won’t make borrowers’ liabilities go away. That means that ultimately, fiat money will provide its owners with actual things in the form of goods, services or property of borrowers, just like the gold certificates provided their owners with actual gold. To put it another way, in the past, fiat money was backed by gold, today, it is backed by the assets of the banks and by land, cars, homes and other property of the borrowers.

Now that we now that fiat money is a claim, or in other words, an actual property and  marketable thing with an intrinsic value, while characters like USD, EUR or GBP and their numeric quantifiers written on banknotes or bank accounts are just its representation, we can finally expose cryptos for what they are. In the crypto world, the same as in the world of fiat money, we have characters written on a medium (100 BTC for e.g.). But the crucial question that now needs to be asked is: what actual thing is represented on this medium and with these characters? What actual property, asset or possession is behind them? Since characters are just linguistic objects used to represent actual things, there must be something beyond them. So, what is beyond characters like “100 BTC”? Well, by now you have probably figured out that the answer is: nothing. The actual marketable thing, whose name and quantity would have to have been represented with characters, is nonexistent. Meaning, in the crypto world, the representation is the thing and the thing is the representation. Earlier we explained the dual relationship where representations (an invoice,  a gold or a stock certificate, a banknote) would not exist if it were not for actual things (goods, services, stored gold, ownership in a corporation, borrower’s obligations). The crypto world has naively copied the representative part of this relationship – which manifests in the form of characters written on a medium, and started to treat characters as if they are the actual marketable things. This is essentially the way children play when they imitate buying and trading through the usage of play paper money. Children know that real money is a sheet of paper with some numbers written or printed on it. So when they want to imitate economic relations of adults, they will simply take paper and put some numbers on it. But of course, no actual thing (borrower’s obligations) is represented with this play money. Cryptos are essentially version of such child’s play, the only difference being that the medium is not paper but computer memory. Cryptos are created through a process where numbers are put into computer memory, but this numbers didn’t came into existence as means to represent or quantify goods, services, claims or obligations, like numbers on the banking accounts or in an invoice. Instead, crypto numbers came into existence as separate, independent, abstract objects just like numbers in children’s play paper money. The consequences of such fictional world can be seen in the “prices” of cryptos.

Every item that is exchanged in legitimate economic relations, had its ‘starting price’ that reflects its initial intrinsic value. This price than served as pivot for market price fluctuations. For e.g., fiat money is created from debt and debt is secured by some form of collateral (land, car, home or borrower’s income). Since a collateral has an intrinsic value, if a bank issues a $200,000 loan and secures it with a house, then we know exactly how many units of newly created money corresponds to this particular house, or in other words, the starting price of dollars is established – we can say that the price of 1 dollar, or the exchange rate of ‘USD/HOUSE’, is 0.000005 (1/200,000). All loans and all collaterals in the US monetary system together, will determine the average starting price of dollars. Such established price then serves as a measure of value and pivot for market price fluctuations, which than further depend on economic indicators like interest rates, balance of payments and unemployment rate. Thus, since fiat money is legally tied to actual property through collateral, i.e. it exists as an actual thing with intrinsic value, we can determine the starting price of one unit of such money and use it for price evaluation and determining whether the market price is cheap or expensive. However, in the case of cryptos, something like that is impossible. Since no legal connection to actual property or collateral exists, and since cryptos are not representations of actual things, like for e.g. gold or stock certificates are, their value is nonexistent, it is oxymoronic, and it is impossible in principle to establish their starting price or to determine whether their market price is cheap or expensive. That is why the prices of cryptos are so volatile, unstable and can jump from zero to several thousand dollars in a matter of weeks.

How is it even possible for something like this to exist? Well, since the general public is not familiar with the process of creation, representation and quantification of money in the fiat monetary systems, people are ‘tricked’ into the illusion that characters stored in the online virtual crypto wallets are just like characters stored in banking accounts, the only difference being that virtual wallets are outside the reach of ‘evil banksters’. But, as we have seen earlier, nothing could be further from the truth. Crypto virtual wallets are actually outside the reach of things like bank reserves, bank liabilities, evaluation of the credit risk, collateral, legally binding contracts, foreclosure, laws, and other legal instances whose purpose is to protect the owners of banking accounts and ensure that legal claims stored in these accounts are enforced for the benefit of these owners. When people exchanged numerical characters stored in banking accounts for numerical characters stored in virtual crypto wallets they have literally thrown away the actual property, the actual legal claims, and become the owners of worthless characters stored in a public ledger.

With that being said, it becomes obvious why it is so easy to create, transfer and store cryptos, and why there is an enormous number of them available. Since cryptos are mere characters without any connection to actual things, anyone can create their own computer program, use it to generate some characters, send these characters to various internet addresses and store them into some digital ledger. Now, there is nothing wrong with generating, sending, receiving, or storing characters – people do that all the time, via email system for e.g. However, these characters are entirely valueless, and as such, they cannot exist as instances of marketable things, let alone have prices at 1,000 or 10,000 dollars. Sooner or later people will realize that by ‘purchasing’ these characters they are abandoning their ownership rights of actual things, that they are throwing away their valuable possessions, and ultimately, the whole crypto world will destroy itself.

Dude your right there is no correlation between Bitcoin and Ponzi scheme if your friends refuse to read up or do their research you shouldn't bother arguing with them, Bitcoin is like every normal market that rises and falls in price just like Gold and stock market.

Bitcoin is not a ponzi scheme and will never be. Ponzi is pay little and get much. Bitcoin is a solution to the global financial industry. Its another way of having your funds close to you or making more money when the price changes. Its volatility nature makes it unpredictable. It changes most times by virtue of fundamentals as it goes.

If bitcoin was ponzi scheme it would have run away and we wouldn't have bitcoin. Bitcoin has survive in good and in very bad times as well. Ponzi scheme is where there are people behind bitcoin but bitcoin don't have backing so how it can be ponzi scheme.

not at all because if it is one of them it could have run away  or crash as other has done. it is different because the standard has not been reduced. it is just getting relevant every day by day

For me, bitcoin is not a Ponzi scheme or fraud its because one of the meanings of bitcoin is it's decentralized and no one can control it. Also, bitcoin is aiming to become a payment system and not an investing business that many people would invest in it. I think that people are only investing in it because it’s the easy way to obtain bitcoin. But in the other sides, if you don’t know that true meaning of bitcoin and cryptocurrency, you can say that is a fraud or scam because of the fluctuating value of it.  In all kind of business, you should know the true meaning of it before investing in something.  :)

Bitcoin is a digital money it is like our regular currency but this is in the form of digital money.If a really existing product is bought and sold, then it is legal, if just a license to sell licenses to the next victims, then it is illegal and also, sooner or later, collapses.

People who doesn't have the right understanding as well the one who missed the opportunity of making money through bitcoin investing earlier, just to console themselves term bitcoin as a ponzi scheme. People who have the right knowledge and has got benefited through it will never term it a ponzi for any reason.
Bitcoin should never be compared with ponzi.

It is absolute legal in many countries and had it being a ponzi scheme government would not have made legal in those countries. Yes you can say that is is highly volatile due to which the price stability is not their and thus it can be a high risk factor while investing or buying it.

Yes,  you are right my friend, bitcoin is different from Ponzi scheme. Ponzi scheme declared as illegal and everyone knows it... While investing in bitcoin is legal and their's no need a middle man. it's our choice to decide what crypto coins are we going to buy for our investment.

No, absolutely not. Bitcoin is a digital currency, how can it be a Ponzi scheme?
Someone is doing Ponzi Scheme in cryptocurrency's world, but a "coin" can't be it..

Now for me i'lld say bitcoin ain't no ponzi scheme,cause i know ponzi when i see one cause you got a mofo controlling that sh*** for his own gain. the difference between bitcoin and a ponzi is this, bitcoin is a decentralized system while the ponzi is vice versa centralized. bitcoin progresses when their are more who have the confidence to purchase and trade. so i dnt see why u'lld wan compare to a ponzi.

this is not the first time bitcoin has been likened to a Ponzi scheme. Unlike traditional currencies, bitcoin isn’t used to buy goods and services in much of the world. Most owners are holding it as an investment, hoping for price appreciation. The digital currency’s value increased 14-fold last year, before crashing by 44 per cent so far this year. Furthermore, bitcoin is owned by a few, who have a huge sway over the cryptocurrency’s price. About 1,000 people own 40 per cent of all Bitcoin

if you think that bitcoin is a ponzi scheme maybe gold is a ponzi scheme as well, hahaha. that's just my opinion, I do not know people thinking about bitcoin and I hope your argument with your friend will be removed soon

Your friends really need to read more or do more research as to the basic information about Bitcoin. A Ponzi scheme is too far different from Bitcoin. The fact that Bitcoin is being traded means that its value is dependent on the changing demands of the market. You are right with your explanation with a Ponzi scheme. The early entrants are given dividends or profit that is taken from the money of the new entrants. In other words, there is really no sound economics behind.

The BTC had been going up for a while, and many of the people who bought it before made a lot of money, but many of the people who bought it later lost money, so it's kind of like a ponzi scheme.

They only think Bitcoin is a ponzi scheme because the old investors has the higher chance to earn big profits than the new ones. Bitcoin's price is based on the law of demand and supply. Bitcoin is decentralized, how will the developers take the money from the new investors? If they have negative thoughts about Bitcoin, let them be. Do not force them to invest in Bitcoin. Shove in their face someday that you are right by reaping your rewards in Bitcoin.

maybe his friend is a victim who loss his money because of ponzi scheme, i think it is normal because if we have bad experience with something especially at first time we know it. we wouldn't touch that thing again and start to hate it

Bitcoin is not a ponzi scheme because bitcoin price floating in market. Bitcoin already exist for 9 years and right now many peoples attracting to invest because they knowing bitcoin is not a ponzi scheme. Its store of value and its like gold in our real world

That does not make bitcoin equal or equivalent to ponzi.
Bitcoin is a virtual currency.  A trade-able asset. A medium of exchange though not legalized in many countries. Bitcoin is not a scheme. It is fractionalized, the list fraction call a satochi. Bitcoin has a maximum supply volume. You do not have a leadership ladder in bitcoin. You do not upgrade to the next level in bitcoin.

Know your bitcoin and educate your friend very well.

Bitcoin is not a ponzi scheme. Ponzi scheme is always concluded to be a scam. Of course a lot of people thought that's what it is. Some are marveled on how people make money out of it. And as a matter of fact. Some people in the name of making trade and involving people to contribute, are making their ponzi arrangement. Out of bitcoin.

You have touched upon a good topic. My opinion about the payment of old users, due to new inflows. Now let me tell you a secret. There is a law of conservation of energy (money). If they decrease by the same amount, which means it will arrive at the same amount. If we talk about the currency market, in this case about the crypto currency and bitcoin, those who transferred their money to Fiat in time earn. And those who bought at the peak at a high price lose. Therefore, investment is a game in which some lose and others win.

Bitcoin cost is controlled by free market activity. Here and there bitcoin value rises and now and then it falls. It is same as some other venture like genuine state, gold, and so on. So It is anything but a ponzi conspire. Old financial specialists can lose their cash as well. It is same as securities exchange. In the event that we call Bitcoin s ponzi plot, so securities exchange is additionally a ponzi conspire.

Ofcourse
I'm using bitcoin three years ago that I've been spending so much money in bounty campaigns and trading income is also huge.
Surely there is no problem with bitcoin that people have problems because they make a bitcoin scam, it makes their payment to other people when you scam someone else because bitcoin's transaction is free no matter where part of the country goes.

according to reports, it has shown that it is not a ponzi neither is a crowd fund. it is not a ponzi scheme, it is a platform of its own class

Bitcoin is mistakenly called the Ponzi scheme. Firstly, in the process of the Ponzi scheme there is a person in the center who earns by attracting new people and their money, and bitcoin is not controlled by anyone: neither the center, nor a group of people, nor even one person.

Your statement is correct and that is also the reason why we should not trust the people that are keep on saying that bitcoin is a ponzi scheme because that is not true since bitcoin is a pure asset and you cannot treat it like the networking because networking is only possible to the HYIP investment which they earn through a ponzi scheme.

Bitcoin is not a Ponzi scheme, and there are many factors to this. in particular, the main one should be the central body or a person who makes money out of the money of investors, but in bitcoin it does not. further - investors are not paid new money, they receive or lose them depending on the bitcoin price and the time of purchase and at the time of sale. the same thing happens with stocks. and the last one: bitcoin is a transparent system: every transaction is recorded and stored in the locker. in the Ponzi scheme a complete lack of transparency.

I don't see anybody try to convince others to buy Bitcoin, which is kind of how the Ponzi scheme would work. And even if I convinced someone, it would not have effect of the price of Bitcoin. So, the short answer is no, it is nothing like that :)

In my opinion Bitcoin prices are determined by supply and demand. Sometimes bitcoin prices go up and sometimes go down. That's the same with other investments, So this is not a ponzi scheme. Old investors can lose their money as well. Same with the stock market. If we call the Bitcoin ponzi scheme, then the stock market is also a ponzi scheme. So, I think bitcoin is not a ponzi scheme.

Bitcoin is not a ponzi scheme, I sometimes compare crypto market to stock market for people who don't really understand because it is hard to tell people you're making it huge online without doing scam.... Ponzi scheme always have trees of network but Bitcoin has none.

No, it is not a ponzi scheme as many it is doing good for last 8 years. Ponzi scheme does not last that long.

Bitcoin is more of a reality than fiction. Bitcoin investment has every element of real investment system. Ponzi is fake, Bitcoin is real. The intrinsic value of Bitcoin investment is valuable; ponzi schemes have no end-point value.

Bitcoin has a face (or should I say, faces) behind it; promoters of Ponzi schemes are such faceless cowards.

I think bitcoin is not a ponzi scheme because bitcoin is so different than other. Actually if you look carefully bitcoin is the most popular currency in the world. Me and my friend have an argument about this because I'm always saying that bitcoin is different in ponzi scheme but one day I convince him that I'm right.

Bitcoin is working on algorithm. There are many people who are mining these coins, many investors and big markets. There is same process with many others cryptocurrencies, why should be the biggest crypto ever Ponzi scheme? I think this can only say someone who is scared or who doesn´t understand the whole concept.

Some say it is but for me it's not , other say it says because they lacking on knowledge regards to what is bitcoin and how its uses , so technically bitcoin is an alternative investment which have a potential to get rich , and no doubt bitcoin will surely overtake other currency nationwide , but then again i have this link surely it can improve or expand your understanding through out bitcoin industry,

Link: https://hackernoon.com/bitcoin-is-not-a-pyramid-scheme-d167d0285123?gi=170b4398a98f

How can we know whether Bitcoin is a Ponzi scheme? In ordinary people, there is not enough information about bitcoin. Many people shout that it will cost $ 100,000, but usually, those are the people who want to sell it to you.

Bitcoin is certainly not a Ponzi scheme those people calling it one are acting out of ignorance. Bitcoin is used for payments and funds transfer it's just not fully understood by ignorant people because it is not being regulated by banks or government.

Seriously, this question is so 2010

If it is a ponzi then why does nobody get any money from it?

Yeah I agree bitcoin is always the one who blame if there some scammer used bitcoin for their scheme, I hope to those people who want to enter bitcoin world they should understand first what is the purpose of it and how they can get benefit on it because if they have proper knowledge for sure they can avoid to be scam.

Bitcoin turnover is not a Ponzi. The supply amount is limited to a maximum of 21,000,000 so what you reveal is true, you have explained the difference between bitcoin and Ponzi. I myself have heard a friend's statement that bitcoin is Ponzi. but I do not agree with and explain the difference. and finally, they understand the bitcoin and Ponzi systems. it's actually very easy to tell the difference. but they are already thinking negative about bitcoin.

I think Bitcoin is not a Ponzi scheme because Bitcoin is a software project without central authority. Consequently, No one can cheat with regard to investment profits. Such as major currencies in general such as gold, the United States dollar, euro, yen, etc. there is not warranty on the ability to buy and free exchange rates. This leads to volatility in which bitcoin owners can immeasurably gain or lose money. Bitcoin is also a useful and competitive payment system that is being used by thousands of users and businesses. thank you

Bitcoin is not a ponzi scheme because:

1) It has given consistent performance for last 8 years. This means it has real value.

2) It is getting popular as a payment medium. There are many advantages in comparison to other payment options like PayPal.

3) This is just one of the FUDs posted against BTC and other coins.

If you believe that bitcoin is a ponzi scheme, then you better look for the peoples who join bitcoin late.
ponzi always profitable for peoples who join earlier, but bitcoin is not like that. Even you involving in bitcoin late, you still will get the profit later.

Bitcoin is a digital money it is like our regular currency but this is in the form of digital money.  No projects on Bitcoin. Prices only go up when there are more buyers, so it acts like the current Ponzi scheme.

I just don't think that you are right, I am entirely sure that you are considering it correctly. I have also encountered that scenario to several of my friends, and that is the same thing happened to me. They think that the money that is needed to invest will be used as a form of registration. It is hard to tell them how the system works because they believe on what they can comprehend and not on the real story and experiences. One thing that I did is to use my bitcoin so send to their wallet and let them purchase something using it. But still, some have refused to join in.

We don't earn any money directly, if somebody else buy Bitcoin. I do not even try to convince anybody to purchuse, because of the risk factor, and think most of us acts the same. So, if Bitcoin is a Ponzi, than the whole economy is a Ponzi :D

If you don't have any idea of what is bitcoin and how it works it is really fishy and sounds like a ponzi scheme. Bit if you take the time to try and see what it is then you will surely see that it is real. Those people who believe that bitcoin is a big scam eother have been misinformed by bad rumors or media whobare against it.

No, its not a Ponzi scheme. I have personally invested in Bitcoins and other cryptocurrencies and its perfectly fair. However, there is risk in trading with Bitcoins and should be dealt with caution.

If bitcoin was a ponzi scheme bitcoin would have gone into extinct by now. In ponzi scheme maintaining the pyramid is very difficult. Any time you face such argument tell the person that bitcoin is a technology, a digital currency and the most transparency, secure and fastest bank in the world.

Bitcoin has a decentralized character. Consequently, no one can cheat with regard to investment profits. Thus, bitcoin is highly unlikely to be a ponzi scheme.

bitcoin is not a ponzi scheme its an altcoin a digital money or a crypto currency which is the best and the king of all altcoin. Ponzi scheme is a illegal activity that other do to steal money from other people specially investors. Some ponzi scheme are using bitcoin to their illegal activity thats why they think bitcoin is one of the ponzi scheme which is really bad for the good image of bitcoin.

Bitcoin is not a pyramid scheme. Its a coin backed up with technology  that has real use case

A big No and it will never called bitcoin a ponzi its a digital money that developed to make peer to peer payments more affordable transactions look at its source code its open source its very transparent how this technology works far enough to be related to ponzi shemes.

No, it is not  a ponzi scheme. Ponzi scheme is based on adding new member to buy the product for commission. No such option with bitcoins.

yes bitcoin is not ponzi/ pyramid scheme, bitcoins are more like stock, shares of a company with no assets, no products, and no staff or shares in a pure ponzi schema.
The value of bitcoin is supposed to come only from the existence of an secure ledger that records the distribution of coins among numerous accounts.

Bitcoin is a commodity that has value because people have a use for it. One use is as a method of payment

Bitcoin is a digital money it is like our regular currency but this is in the form of digital money.Bitcoin costs are high. Bitcoin is not used to transfer money. No projects on Bitcoin. Prices only go up when there are more buyers, so it acts like the current Ponzi scheme.

Here in cyberworld scammers and spammers are rampant which those people can think bitcoin is not exist and to think that it's just a ponzi scheme.
i just see that bitcoin is like gold but in digital form, so if you think that bitcoin is a ponzi scheme maybe gold is a ponzi scheme too, hahaha. it just my opinion i dont know people think about bitcoin and i hope your argumetation with your friend will clear soon

That is the ideology that bitcoin critics always hold, that bitcoin is a ponzi scheme, without them knowing the blockchain technology and what bitcoin really stand for. Ponzi scheme depend on others money to fulfil their promises ,but bitcoins is different.

By definition a Ponzi is a fraud investors are tricked into joining, which dies when there are no longer sufficient new investors.

Bitcoin tech couldn't be more transparent, however much the price may undulate, bitcoin has function and substance worth investing in unlike a Ponzi.

The internet is full of people like Mark Cuban and great investors like Warren Buffet who are not in favor of investing in bitcoin and then there are tech companies which are building it own sub companies and investing highly in crypto and blockchain, its just a matter of understanding the system, crypto is a risk but a risk worth taking. But it is not a Ponzi scheme.

Ponzi always give profit for peoples who join earlier, but bitcoin not.
If you believe that bitcoin is a ponzi scheme, then you can look for the peoples who join bitcoin late.
in bitcoin, Even if you join late, you still will get the profit later.

Bitcoins are basically a product with a settled rate of issuance. It's anything but a ponzi on the grounds that after you've obtained bitcoins, there is no guarantee broadened that you can recover them for any esteem and there are no profits paid to the individuals who hold bitcoins. Bitcoins are exchanged, so the swapping scale can rise or fall, so there are the individuals who will purchase or offer bitcoins to hypothesize on the cost

No, Bitcoin is not a Ponzi scheme, Bitcoin is working on latest blockchain technology that is well-known technology and in other ways, Bitcoin is legally treated in many countries, If it is Ponzi than it does not deal as legal money,

Not at all
Ponzi scheme doesn't have any product under it. So people invest in an air but bitcoin has a revolutionary technology which can really change the world that's why so many people invest in bitcoin and they are god damn right!

If bitcoin was ponzi scheme it would have run away and we wouldn't have bitcoin. Bitcoin has survive in good and in very bad times as well. Ponzi scheme is where there are people behind bitcoin but bitcoin don't have backing so how it can be ponzi scheme.

Bitcoin is far from being a ponzi scheme.  Ponzi scheme (which appears in different disguise these days) is a scheme that uses the money of new "investors" to pay older "investors"). I used "investors" because the scheme usually do not invest in anything. The new investors are their investment. After a while, especially when there are no new investors, the platform owners absconds with the people's funds. Bitcoin is far from this scenario. Bitcoin is decentralized.  Nobody holds  your funds as long  as you have your private keys and password. You can withdraw your money at anytime. Those who bought Bitcoin in 2009 still have their funds in their wallet unless they have withdrawn it. If it were a Ponzi scheme,  the scheme would have vanished long time ago. Certainly, Bitcoin is not and cannot be a Ponzi scheme.

Bitcoin can't be ponzi. Nakamoto didn't scammed single person. Bitcoin doesn't been hold by 1 person. Maybe Bitcoin growing rate made it so people are still thinking it's something like ponzi.

if you really think that bitcoin is a ponzi scheme only because of the price crash, then it only means that you are an unexperienced investor in here

Right.  None of the ponzi scheme created the same year with Bitcoin still exists today.  The scheme doesn't last very long because the maths doesn't work that well... Early investors usually get enriched before the scheme implodes. Cryptocurrency is a bit like Stock market but more advanced. Cryptocurrency also servs  as currency.

Will not agree with your friends :D It doesn't work that way, it already made a respectable reputation to the world as they have seen how Bitcoin can be potential replacement of fiat maybe in the future.

yap, 100% bitcoin is not ponzi, no one promises big profits with bitcoin, all done at its own risk and no intention to invite someone
bitcoin itself has succeeded in becoming a digital currency, with blockchain technology that has the potential to change the world

Very good explanation. The increase and decrease in prices are entirely due to the amount of demand and supply. There is no manipulation where profits are taken by the old investor.

They just don't understand how bitcoin works or they are just plain stupid who want to make scene. They though cause bitcoin won't take any interest and no people who lead and the price is so unstable its easy to think its a scam unless you do some research and making it as a ponzhi scheme is so hilarious as people can take it or take out the money anytime and we don't pay someone in interest.

Bitcoin is not a Ponzi scheme. Bitcoin is different because it was simply put there for people to use and it was almost free for people to take and use, like that well surrounded by a fence that allows only one person at a time in. You can wait in line or you can pay a guy in front of you to let you in so you can get some, but the water is always there and it's always free.  Bitcoin is rising in value because people want to use it and to use it they have to buy it from someone who had it before them. It's nothing like the Ponzi scheme because there's nobody in control, nobody taking all the profits and nobody able to shut the system down. It will keep going until the value stabilizes and you won't be able to sell your coins for more than you paid for them.

Well for me, up until now, bitcoin gives me a result like no other ponzi scheme. We can make an example for this situation. Imagine if you are in a 3rd world country, and there was a chance you buy us dollars in early year of your life, maybe about 90s, and now the price is doubled, and you got the profit while other people who wants to join you can not get a lot of profit now. Is us dollar a ponzi scheme?

For those who don't understand the blockchain and the bitcoins, they all think it's a ponzi scheme.so I guess this is a matter of knowledge and understanding.

This has been a notorious question in the world of cryptocurrency that has baffled generations and generations and generations of newcomers in the industry of cryptocurrency. Well to be fair, bitcoin itself shares a resemblance between a ponzi scheme like the fact that it massively depends on its users for it to continue to surface in the market, as well as the lack of concrete value.

Yes, You are correct, it is not a ponzi scheme. It´s different monetary scheme, yet not defined.

Things for You to consider:
1) Why is number of possible bitcoins limited with 21 millions?
2) Why are people rewarded with bitcoins in return of investing computing power? And even more importantly: why all people, who invest, dont get coins then?
3) Who wins the most if bitcoin is bubbled?

You can not tell, that bitcoin is ponzi or pyramid, although it has some elements from both. I would say, bitcoin is a fantasy, that has grown way too big and people now want to make use of it. Coin owners want bitcoin to grow again and believers think, there is a way to get rich by digging coins.

But guess what. There is one universal monetary rule, and if more people were aware of it, they could save a lot of money in long run. The rule is:

There is NO easy, risk free, good money, that is available for everyone.

If money is easy, good and risk free, it is called a heritage. But thats not available for everyone.
If money is good and available for everyone, its is called an entrepreneurship. But thats not generally easy, nor risk free.
If money is risk free and available for everyone, it is called a salary. But that money is not generally very good.

Do not invest in schemes, unless You are very very certain, they are in their initial growth phase.

Dont ever think bitcoin is ponzi because its very slightly different to ponzi. I think people who said bitcoin is ponzi need to learn more about bitcoin and generally cryptocurrency. I hope this statement not push people to have opinion about bitcoin is ponzi because it can make cryptocurreny down.

This statement is very typical thinking error. The idea of cryptocurrency and blockchaining is not relevant, when discussing, if bitcoin is a scheme. Think about mining these "coins". Everybody can mine, but only lucky ones will get awarded. Does it sound like decent monetary system in its core? Its a scam. Maybe wasnt planned as one, but when the dream grew too big, people started to make use of it.

i cant find what is the reason for bitcoin to be called a ponzi scheme.
Bitcoin so far has existing through the years. Therefore, it is not a ponzi scheme.
ponzi scheme never exist for a long time.

No, Bitcoin is not a Ponzi scheme and is not a scam just like what others think. Ponzi scheme is an investment fraud which is somehow similar to Pyramid scheme that promises a large amount of profit to their investors. Ponzi scheme collects returns for older investors by recruiting new investors and they are using those investment money from new investors to pay older investors. That's how a Ponzi scheme run their business, which is very much different to Bitcoin, because bitcoin doesn't scam people.

Absolutely NO. 

Bitcoin is real project with the aim to help us transact conveniently and with that argument, you can already prove it is not a mere ponzi scheme. Maybe people see it as a ponzi scheme because it goes up and down drastically but it is not. That is the true nature of the market and not a quality of a ponzi.

Bitcoin and cryptocurrencies have undoubtedly become popular nowadays. Some big personalities and icons in the business world and entertainment industry have been involved in crypto either supporter or endorser of some ICOs, but due to the proliferation of scam ICOs, SEC implemented regulations to protect their citizens.
Mainstream media picked it up and as a viewer like your friend grasped it negatively towards the entire cryptocurrency as a Ponzi scheme. You can't change the opinion of your friend right away, it takes time or it might not happen at all. Get rich in crypto so your friend may realize he is wrong about crypto.

All money paid out to early investors came from late coming investors.  There is no generation of money from the system.  No sales.  No revenue.  Nothing.  Only money from late investors being moved to early investors.

100% Ponzi.  The very definition of a Ponzi. 

It's been almost 10 years, and if you still think the BTC is a ponzi scheme, then I really don't recommend that you continue to invest in the BTC.

Are you insane? Your statement is only true if there is no real product but there is and that is bitcoin. The money is just not revolving around investors because it also used on markets and accepted by businesses.

You can present this two things which is bitcoin and ponzi scheme in a venn diagram because they have both similarities and also differences.

Their similarities are they are both supported by user, you can earn, or you can loss on the other hans the diffrences are the ponzi have a fiat currency that supports the scheme, while bitcoin is digital only.

Both parties can agreed that if they have more or continous user it will earn more, but if you lose users, you'll lose the values too

 just don't think that you are right, I am entirely sure that you are considering it correctly. Any time you face such argument tell the person that bitcoin is a technology, a digital currency and the most transparency, secure and fastest bank in the world.

The Ponzi scheme has obvious features of demolishing the East Wall and compensating for the funds of the Western Wall. Bitcoin is a game between different investors.

Blockchain technology has been associated with Crypto, of which Bitcoin was a representative right after it was born. No, it is not a Ponzi scheme. There isn't a reward system like ponzi when you buy bitcoin

Ponzi scheme never lasting long, but bitcoin is lasting forever i believe.
Cryptocurrency will be sustained long across the years, unlike ponzi scheme, will be crushed.

There are a few things I would do in this circumstance, right off the bat, I would remind your companion that a "Ponzi Scheme" was really completed with fiat money, not digital currency. Besides - a few people are simply insensible, on the off chance that they are not going to get it, its OK. similar individuals presumably have those heartbeat dial phones at home and cant make sense of why no one calls them any longer. There are a lot of receptive individuals on the planet, in some cases you need to release a couple of the naysayers.

It's not ponzi scheme, why people call it ponzi scheme is because its volatile which is bound to the price to be changing often..

Ponzi scheme involves paying incentives to early users to  bring more users to the system. There is no such thing with bitcoin and thus it is completely safe and genuine.

Bitcoin always have negative news and its hurt bitcoin price in several months. I do believe bitcoin is not a ponzi scheme. Bitcoin is cryptocurrency and in the same time bitcoin is store of value. For that reason, i do believe bitcoin is good long term investment

I simply don't assume which you are proper, i am absolutely positive which you are thinking about it efficaciously. i've also encountered that situation to numerous of my friends, and this is the same element came about to me. They suppose that the cash this is had to invest may be used as a form of registration. it's far tough to tell them how the system works due to the fact they agree with on what they could realize and not on the actual story and studies. One thing that I did is to apply my bitcoin so send to their pockets and let them purchase some thing the usage of it. however still, a few have refused to enroll in in.

Early investors are at advantage with bitcoin investment because they took more risks. This does not make bitcoin a ponzi scheme.

No! Bitcoin is just a currency but in the kind of digital form. It is just the difference between fiat that you can phisically touch and liquidate. Basically you could also ask "is fiat a Ponzi scheme?" Of course the answer is also NO. This is just money in different kind.

No, Bitcoin isn't a Ponzi plot and isn't a trick simply like what others think. Ponzi conspire is a venture extortion which is by one means or another like Pyramid plot that guarantees a lot of benefit to their financial specialists. Ponzi conspire gathers returns for more established financial specialists by selecting new speculators and they are utilizing those venture cash from new speculators to pay more seasoned speculators. That is the means by which a Ponzi conspire maintain their business, which is particularly extraordinary to Bitcoin, in light of the fact that bitcoin doesn't trick individuals.

Ponzi is the borrower's money to repay the other person. The borrower who pledged to pay high interest to the lender can say almost anyone who has fallen into this pattern has been deceived in the same way.

It is not a ponzi scheme bitcoin what you invest in bearing in mind that you may make profit or lose as the case may be while because at times the price of the bitcoin goes up and some times it comes down so if you invest when the price is up probably you are making your profit vise-visa that is how it is, it is not a ponzi and can not be.

The Nakamoto scheme is an automated hybrid of the Ponzi scheme and the pyramidal scheme. Bitcoin is the best among online cryptocurrency and good to invest.   

To answer your question no bitcoin is not a ponzi scheme, it would be like many of the ICOs these days which are controlled by a company so there is a high chance of fraud since the information is centralized however when it comes to bitcoin no such unanimity exists so no threat of a ponzi.

Bitcoin has nothing to do with the Ponzi scheme. Ponzi's scheme has a completely different mechanism consisting in gaining money from people interested in profit, which is later rewarded. Bitcoin isn't similar to this mechanism. Bitcoin is an independent decentralized and self-sufficient currency that nobody invites us to promising later profit. It depends on us whether we invest or not so the assertion that Bitcoin is a ponzi scheme isn't supported by facts.

yes you are absolutely right. bitcoin is not a ponzi scheme. you can earn bitcoin by many ways, mining, trading, etc, so how come it called a ponzy scheme?

There is absolutely no connection with the Ponzi. Someone who calls bitcoin Ponzi must have said it before he investigates the technology behind bitcoin. Otherwise, it is absolutely ridiculous that these two concepts have the same meaning.

It's true, because there is no relationship with ponzi and this will not have a very clear equation.

Yeah agree bitcoin and ponzi there is not chain in each other. Bitcoin price is rule with economic supply and demand. But ponzi is just cycling money without getting any profit of it

Its not a ponzi scheme, Bitcoin represents a completely level and fair playing field because the economics of adoption and growth cannot be controlled by anyone, Math is eternal, It is certainly a lot more durable and trustworthy than governments, Bitcoin is the future of money, Yet governments needn't fear it Gradually, governments are recognizing that widespread use of cryptocurrency presents a far bigger opportunity than a threat,

Maybe you will call me weak hands, But I'm trying to make my business the way that I will be still alive if everything here would be destroyed, even if Bitcoin will fail, I'm not relying all my life on it.

That really is a very wrong thought, I think they do not have the knowledge of Bitcoin and the cryptocurrency market. Or maybe they have seen or been cheated by the cryptocurrency-related ponzi investment models such as Bitconnect. Bitcoin is a digital currency that has laid the foundation for today's cryptocurrency world and has brought a lot of value and benefits. Bitcoin is really not a ponzi model, it is a crypto with high volatility that you can invest in it and make a lot of profit.

Bitcoin is not a ponzi scheme. But it doesnt serve as a mainstream adoptable currency either. It can serve as a currency for the very few holders. The mining mechanism although favours the early birds overproportionally, so that the later ones have to use more and more effort to get the same results. That makes it at least similar to a ponzi scheme, where the last ones dont get anything. For the majority bitcoin is reduced to a pure investment. The inequal distribution makes it very profitable for a few and very unprofitable for many. As mentioned before not everyone can win. Thats why it has an inherent bubble character. A lack of more buyers leads to declining prices, what we see right now.

Bitcoin is not a ponzi scheme. A ponzi scheme simply takes money from new entrants to pay the old members and so on. But Bitcoin does not operate that way. The rise in the price of Bitcoin and the profits made within a period of time is a function of demand and supply. It goes both ways, both the old members and new entrants can create the demand at a specific time which could raise the price significantly. 

No bitcoin is not a Ponzi scheme.Bitcoin is first decentralized cryptocurrency. There are many ways which is available to earn bitcoin. Like you can earn bitcoin with the help of mining. As well you can do trading of bitcoin to make more money. Bitcoin is the best thing to make your invested money double after a certain time later.

absolutely not a ponzi scheme. Bitcoin price is determined by supply and demand, not depends on who is at the top and bottom

I often and almost meet people like this, be it friends or other people we do not know.
they say it like that because they do not know at all and do not know a bit of this bitcoin core.
My answer to such a person is "because you do not know and have absolutely no knowledge of bitcoin, just a bad thing you know about bitcoin"
this is as I say just like the post before you

I am able to see why some human beings think it is far a Ponzi scheme. because it does not pay hobby like stocks. it can handiest rise if human beings pay money in. And no person can take more money out than they put in until it is other humans is money.

I have had the same discussion with few friends and work colleges. To me only difference between bitcoin and paper money is paper money is accepted by government. Bitcoin is not ponzi, people don't trust it because they can not feel it with fingers and easiest is to say it is ponzi. Ignore them let them think what they think.

A Ponzi scheme is a special kind of fraud. It is based on a fake investment that one schemer (or group of schemers) gets other people to give money to.In Ponzi schemes, the schemer basically says, "I found a great way to make money fast. The more you give me, the more I can invest in that cause, and the more I can earn for us all". But a Ponzi scheme doesn't actually "earn money". Instead, all of the scheme's money comes from the investors.
Once a Ponzi scheme gets too many investors, the system will always crash. This is because the investors all expect more money than they invested, and they will get impatient.

So as we can see, I fail to understand where bitcoin fits in that process as the currency started at 8 cents for each unit.

There are fewer and fewer such people every day. Many people eventually realize that this is a new reality. And that bitcoin has nothing to do with what is called a ponzi scheme.

tell your friend to do some research about ponzi shemes , it's not one

If you know some ponzi coins, you will see they take money from newbies to pay previous people. But to bitcoin, it's just about total money people invest in. If they invest much money, btc goes up, otherwise it goes down. It's not ponzi at all :)

I dont think you know what ponzi is. In a ponzi or pyramid scheme there's no valuable thing. System just needs newcomers to grow up and live. Ponzi schemes live 6-12 months and promise huge profits without risk. Bitcoin is almost ten years old and most of bitcoin investors know about risks they take.  Also, when you involve a ponzi you can't get out easily. But any bitcoin holder can change his/her money to fiat anytime. So bitcoin is not a ponzi scheme. If you believe that I strongly recommend take your money and exit it.

I still can't believe that in 2018 there are people that call bitcoin a Ponzi scheme. I wonder if they know what a bitcoin is, how it works etc etc. And also if they actually know what a Ponzi scheme is, probably they just read this expression somewhere...

People can invent all types of analogies, but this one is not fitting. The amount of bitcoins is mathematically fixed and unlike Ponzi schemes the blockchain is transparent, allowing the public to see transactions in real time. Also every time people have declared bitcoin dead they have been wrong.

We never want to experience a Ponzi scheme, right (especially in our bitcoin); thus, the need for an extra research and learning about what  is bitcoin all about is very relevant. However, in my own view, bitcoin is not a Ponzi (I have my three views); first, it takes highly amount of investment with high risk - consideration would only matter on the value of bitcoin`s price; second, though decentralized many people know the activity of bitcoin; and third, the law of demand and supply - which definitely the running fuel of prices. So obviously, there`s a reason behind bitcoin`s prodigy.

If bitocin is a ponzi scheme, it will no longer reach this far as people will surely ditch it stop investing on it. We should put in mind that Satoshi Nakamoto wanted bitcoin to be the alternate currency of fiat with a whole new advantages on it but it is widely become more of a legit investment scheme where governments from different countries in the world are utilizing it.

Bitcoin is not a ponzi scheme because when talking about ponzi new member paid old member and in that of bitcoin it's not robbing Peter to pay Paul you invest and get your coin instantly to your wallet not waiting for new member to join and pay you

Yes, you are! And bitcoin is far different from that ponzis schemes with dead and raw projects they just hitting & run money from noob investors and used bitcoin as payment methods where at this point newbies understand and gained negative impression about bitcoin. In bitcoin we can achieve financial freedom independently without deceiving people and building broad networks like ponzis do.

Bitcoin is the new wave. I hope it does not become a ponzo scheme

Bitcoin is currently considered a ponzi form and is intended to scam. These are the intentions of many people and I think it's not true. Satoshi has created Bitcoin with a passion and I believe he will not use it to cheat people.

I argue.

1) The amount of "investment" has risen only lately.
2) activity of bitcoin fabricated not organic.
3) demand and supply are purely speculative. 5% of all coins change ownership EVERY DAY!! but there is virtually nowhere You can spend Your coins. What does it tell to You?

I agree first of all because bitcoin's developer/s have already disappeared and therefore there is nothing to ponzi unlike alt coins that actually have active developers capable of redoing the codes. Bitcoins are far from being a ponzi scheme because it is merely a coin no one controls.

No not at all. How can you ask this type of question.. It's a open source platform,,, if you want to develop you can develop Bitcoin.

The decentralized aspect if bitcoin shows a clear image that explains why bitcoin isn't a ponzi scheme. Ponzi is only profitable to the early birds and it is not very sustainable. Bitcoin has been here since 2009 and even without an owner, it has sustained itself from then till date. No Ponzi scheme can pull that off.

There are many more reasons why they shouldnt be compared but I'll rest my case.

Blockchain technology and Ponzi are completely different things. In fact, the Ponzi model is a form of borrowing money from one person to pay for another, and the borrower will have to pay a larger sum than the loan amount. But Bitcoin does not work based on this principle

No it's not a ponzi scheme

Pozi is considered as a multi-level business model with many fraudulent nature, if you do business but attract more people in business you will quickly be up the rank and bitcoin unlike the pozi model.

Ponzi scheme - you have no control in your investment, other people hold your money and profits and ponzi scheme is scam. But in bitcoin, if you buy bitcoin the decision is yours when to sell or hold and no one will stop or control you.

Bitcoin is not a Ponzi scheme , for bitcoin investment you are the one who will manage your investment, while in the Ponzi scheme your investments is on pyramidic where in your profit is get from the newly enrolled members to be given to the old investors, in bitcoin your are on your own management, if you buy or sell your coins in the coin market.

Definitely not one of those.
You can argue that there are 90% of those that are held in 1000 or less wallets and that's how you can control the whole market.
If those are smart and really want to change somethig here they can, but you don't really know what a human being can do when he has power...

It is not like that. it is tike the other scheme like share market or other big schemes.

No, Bitcoin is not a ponzi scheme. If you look at the use cases supported by bitcoin then you will see that it has certain usage and it not just speculative. People who do not know much about crypto will surely consider calling bitcoin a ponzi scheme.

Those who say Bitcoin is a Ponzi scheme, they don’t know Bitcoin, and they don’t know about Ponzi schemes....

One thing is to know something and another is to understand  it's ways.  Bitcoin is not a ponzi scheme.  It is working on it own to build  it's own castle not depending on anybody

There is a easy way to know that Bitcoin is not a Ponzi Scheme, look up the definition of Ponzi Scheme: A form of fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors.

not bitcoin is not like ponzi scheme I think bitcoin only move from existence of buyer and seller so there is no element of ponzi which make element ponzi only from irresponsible party.

Bitcoins are far from being a ponzi scheme. It's not even backed up by its developer anymore so there's no way for bitcoins to ever be redone or recoded for another dark or scheming purposes. Bitcoins have become more of an investment rather than a token but nevertheless, it is far from being a scam.

I just don't think that you are right, I am entirely sure that you are considering it correctly. I have also encountered that scenario to several of my friends,Any time you face such argument tell the person that bitcoin is a technology, a digital currency and the most transparency, secure and fastest bank in the world.