Understanding the Ponzi Narrative

[maju69]

I don't know why people say bitcoin is Ponzi. If it's ponzi, it's impossible for bitcoin to last long because usually ponzi doesn't last long, because other investors' money is deposited with other investors and so on, until they can no longer cover other investors.
and in Ponzi, most of those who profit are on top, while those who are profitable in btc are people who are good at seeing market prices and of course those who have a lot of btc.
I think the ponzi system and the btc work system are very much different. if explained here can be very long.

True, but there are still those who say that the bitcoin working system is more or less the same as ponzi, even though we as users feel the difference is very, very far. It's true what you said, it would take longer to put it here, and I think a lot of people have been talking about the difference between bitcoin and ponzi.
It does take more time to explain bitcoin to people who think of it as a ponzi scheme.

[Obito]

When I was new to cryptocurrencies, I followed a lot of ponzi programs such as cloud mining, initially they paid because they hoped that investors would add more deposits, and the easiest way to find out about ponzi is to think logically and of course read a lot of expert advice on this forum.

So what is it that you're trying to say then because you didn't leave anything about bitcoin being a Ponzi? That bitcoin is a Ponzi scheme and that it's only attracting more people because it wants to make a lot of money and swindle a lot of people? Bitcoin should have been wrecked when the prices pumped in ATH, there's a lot of opportunities that it could have pulled that off but it seems that bitcoin didn't do it so...

[jostorres]

When I was new to cryptocurrencies, I followed a lot of ponzi programs such as cloud mining, initially they paid because they hoped that investors would add more deposits, and the easiest way to find out about ponzi is to think logically and of course read a lot of expert advice on this forum.

So what is it that you're trying to say then because you didn't leave anything about bitcoin being a Ponzi? That bitcoin is a Ponzi scheme and that it's only attracting more people because it wants to make a lot of money and swindle a lot of people? Bitcoin should have been wrecked when the prices pumped in ATH, there's a lot of opportunities that it could have pulled that off but it seems that bitcoin didn't do it so...

No he did not say anything about that but he was only explaining if what a real ponzi look like. According to his explanations a ponzi can also be similar to gambling because when we gamble we can win at first. That can be one of their tactics for us to comeback and if we notice when we comeback we are now a loser. The logic is simple. If they offer something that is very promising like 100 percent return in 24 hrs, that is highly possible that it was a scam or a ponzi.

Bitcoin cant attract people because of its amazing features and not only because you can earn with it. It does not promise a guaranteed return and there is no one controlling bitcoin so its very far from a ponzi.

[LUCKMCFLY]

When I was new to cryptocurrencies, I followed a lot of ponzi programs such as cloud mining, initially they paid because they hoped that investors would add more deposits, and the easiest way to find out about ponzi is to think logically and of course read a lot of expert advice on this forum.

Yes, it is basically that of the programs that tell you that you invest very little money and get a lot, that is the entrance to a business with a blatant ponzi scheme, or what many call a pyramid, and the worst thing is that people fall incredibly into those blackmails or in those offers that do not make sense, they do not think that nobody gives away the money, and much less if you give little money and you will receive more, that is not logical, that is why many people who believe that BTC is a ponzi scheme or bubble, they are usually people who have no idea what they are talking about.