Can we have people who actually understand the question, answer it

Given that bitcoin has risen in price by 5,000,000 times since only April 2010, Is the current price practical? It went from $0.003 per BTC to now over $16,000 USD per coin. The whales and miners control 90% of the coins. Is it really practical to expect the price not to crash?

90% of all bitcoin owners have less than 0.1 BTC each

the fees to transfer $100 worth of BTC cost around $25. that is outrageous

that means 90% of the owners cant even afford to transfer their coins without losing a lot of money

Exactly. 

Bitcoin is one of the most volatile assets in the world right now rising and falling more than 20 percent at times in the span of a day. On Thursday, for example, bitcoin hit a high of $19,340 before falling more than 20 percent from that level.

If Bitcoin was started in the USA it would already be squashed imho

The Ponzi scheme has questionable origins and has spread around third world countries and to millennials

This will go down as the greatest Ponzi scheme in history, yes

And it will all be anonymous and everyone will be SOL when the crash happens. Greed can only drive the price so high. The downslope is coming 

It was all a scheme, I used to read bitcoin magazine

Buying crypto on coinbase up in the limousine

Then it crashed on down

Ponzi Scheme and the feds came around

Look at everyone who did faucets or signature campaigns. Look at all the crypto channels on YouTube. Everyone is making money by referring everyone else and getting more and more people to buy into it. If its not a Ponzi Scheme, is structured exactly like one. And the 5,000,000x returns that the initial investors are cashing in on will eventually cause the price of Bitcoin to crash. When you realize how high the price actually is, and you compare the 2010 price of $0.003 to the pricetag now of over $15,000, you will start to understand how scary the increase is.

Actually a big part of the success Coinbase has had is because it gives a $10 bonus to both the referrer and the referee so its basically handing out $20 every time some gets a "friend to join". Coinbase represents a huge portion of bitcoin sale.

The initial investors got their coins for $0.003 each and now they are selling them to the next sucker in line for $15,000+ USD. The price has gotten way unrealistic. Its gone up 5,000,000 times the initial amount in such little time. Strictly based on demand. People are getting their free $10, they are buying bitcoin to gamble and do illegal things, they are telling their friends how much bitcoin is going up, they aren't selling because of ridiculous fees, and resources are being wasted to "mine" these coins and becoming more and more expensive to do so which is all driving up the price to an absurd level.

I think Bitcoin doesn't have much room to grow once people realize that so much of the coin is already in circulation and controlled by such few.

Can the US Government just shut it down? Like they did using the DoJ with online poker? Even though it involved the entire world they seized everyone's accounts. I feel like the USA in general is cool with being the world police and if crypto threatens the US Dollar I see them stepping in and taking control of major facilitators like coinbase. And just shutting shit down basically until they come up with their own crypto currency. I think each government will probably try to make their own

The scariest and craziest part is we really don't know who is behind it. It could be a crazy group of anarchists or a Hitler type character trying for world domination through currency control. We really don't know who is controlling the price or who is holding the majority of the coins.

FACTS:

  

• Nearly 3 million bitcoins were generated in 2009 alone — 13% of the total number of bitcoins allowed!!!
• Bitcoin was worth less than one penny by April 2010
• By June 2011, bitcoins skyrocketed 9667-fold from a value of $0.003 to $29
• 1000 People control 50% of the bitcoins!!! Scary!
• Bitcoin is 5,000,000x as expensive to buy now as it was 7 years ago
• Bitcoins price is fueled by crime, greed, gambling, corrupt governments, greed, drugs, tax evaders, and uniformed investors
• Crypto technology is really cool but bitcoin is too expensive

Bitcoin is a Ponzi Scheme.

1000 people control 50% of it.

In October 2010 Bitcoin was $0.06 look it up. Or check out April 2010 when bitcoin was $0.003. Yes the same coins you are buying for over $15,000 each were less than a penny 7 years ago. Is that realistic at all? Of course not. The price is so impractical

The artificial run up has been fueled by crime, tax evasion, drug deals, money laundering, illegal gambling, prostitution, corrupt governments, as well as a vulnerable pool of investors that include millennials and people in third world countries.

Crypto itself is really cool. And the future of money. But unfortunately bitcoin and altcoins are a giant scheme. In my honest opinion now is a great time to cash out and get ready to bet on the downfall.

I read that chain-letters are illegal in the United States

A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources


Is Bitcoin a giant Ponzi Scheme?

It is WAY TOO LATE to BUY

If anything NOW IS THE TIME TO SELL and CASH IN on the PROFITS 

Is everyone selling their BTC?

It seems the price is dropping rapidly today leading up to futures

Crypto Market Cap Yesterday: 455B USD
Crypto Market Cap Today: 365B USD

That's 90 Billion USD gone!

Down 17% now in the low 13000s

Still 9 hours until futures open too

WOW! This is the most it ever dropped in one day

Is everyone going to sell off?