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Author Topic: Bit Coin is a Ponzi Scheme  (Read 3484 times)
insculpt
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July 19, 2018, 10:44:11 AM
 #201

Whether it's a bubble, a ponzi or whatever you call it, I don't care, the fact of the matter is that it does what I need it to do and costs me way less than fiat would for the same purpose. I can transfer value across oceans in minutes and it costs me a couple of dollars or less. Everything that has value has value because people give it value. Cryptocurrencies are here to stay and there is nothing that you or any like-minded people can do about it. If it was garbage, governments wouldn't be paying the attention that they are paying to crypto right now.

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July 21, 2018, 04:00:55 AM
 #202

Your negative thinking goes so far as to get to the Ponzi scheme for fraud, but maybe you should understand more about what is Bitcoin.
If Bitcoin is Ponzi Scheme maybe about 2 months also have no longer its story, while this still stands from year 2009 until now.

Likewise if Bitcoin Scheme Ponzi may be I when creating this Bitcointalk account from the first was not using it anymore.

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July 21, 2018, 05:45:28 AM
 #203

I'm sure people want them to buy Amazon under $ 10 a share but it is still a good investment to buy something like bitcoin. The Ponzi scheme is designed to minimize capital investment when new entrants are not enough.
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July 21, 2018, 06:52:59 AM
 #204

Pyramid schemes work on the idea of trickle-up shares, where you sell something, but someone above you takes a cut, and someone above them takes a cut, until you reach the top where one or a few people are taking a small cut from everyone selling on the bottom. You also get a cut from those under you, and from those under them, continue ad nauseum.

Bitcoin has no pyramid structure to talk about. Where the gains come from is in the limited supply of the coins, so that the more people who acquire the coins, the more valuable each coin becomes because the supply gets rarer.
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July 21, 2018, 06:59:12 AM
 #205

I actually think it is a Ponzi Scheme. Yes, you can separate Bitcoin from all Altcoins and the ICO fever, but they are Bitcoin’s renegade family and the father is silent.
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July 21, 2018, 08:09:03 AM
 #206

please learn more about bitcoin before saying something.Yes,  this is the forum for people to talk about bitcoin but you are totally wrong when you said; " Bitcoin is a Ponzi Scheme "
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July 21, 2018, 08:12:00 AM
 #207

This has to be a troll thread. Bitcoin is the first cryptocurrency that brought blockchain technology to the world, so dismissing it as a mere Ponzi scheme is misinformed at best. Bitcoin is highly sought after due to its built-in scarcity and transparent ledger. This is very unlike a Ponzi scheme.
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July 21, 2018, 08:33:41 AM
 #208

Your so called most powerful superpower is already facing challenges from all around the world. Moreover if they are such a powerful country why have they not been able to stop any such currency from growing. Bitcoin has grow quite a times I don't think Donald trump is that stupid that he hasn't really noticed such thing? Trust me no backing is going to do anything when people feel themselves insecure in their own country. Bitcoin is the way they are trying to find some freedom.
Dont mind that loser mate,i believe OP is a frustrated trader that has been losing since he entered cryptocurrency lol

Bitcoin itself is nothing but the technology behind this is everything,in future even OPs grand grand grand childrens will use this and maybe hes entire family.for hes information so he may stop making kinda thread

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July 21, 2018, 08:35:39 AM
 #209

Bitcoin is not ponzi ans cant be compared with such, though its both risk in investing but btc is a real digital currency backed by people using it.
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July 21, 2018, 09:38:49 AM
 #210

If Bitcoin is a Ponzi scheme, Bitcoin will no longer be on the market; Although its price has fallen sharply, there is not enough reason for us to develop this kind of conclusion. We do not poison the minds of those who want to invest, but rather develop opportunities and help. The answer is simple, stop - stop providing negative information about bitcoin as it will not help. Some early users have large amounts of bitcoin because they take risks and invest time and resources in unproven technology, much like early investment that can bring value as property. Use and disseminate or even never become anything. Bitcoin is still in its infancy and is designed for long-term goals.
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July 21, 2018, 09:42:22 AM
 #211

Is the two different technologies, more bitcoin is the technology.
Bitcoin is the currency, how it can be scheme ?
Ponzi schemes can be reallized on bitcoin currency but this is not doing btc ponzi

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July 21, 2018, 10:28:10 AM
 #212

It's hard to imagine how Bitcoin could benefit a user soon, because today's Bitcoin users may be early users in the future. I can pass the value over the oceans in a few minutes and cost me a few dollars or less. Electronic money is here to stay and nothing that you or any other like-minded person can do.
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July 21, 2018, 02:44:47 PM
 #213

Shall i force myself to grin, smile, or laugh upon reading this topic? Well, bitcoin can never reached its success today if it's a ponzi or a scam since from the beginning because no one will going to invest on it too. As a proof, there will be no country will going to legalize it, IMO.

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July 21, 2018, 02:51:23 PM
 #214

Bit coin is a Ponzi scheme. Don't listen to the bit coin shills on here. The newcomers buying into bit coin and driving up the price are just making the early adopters richer.

That's how stupid people are. A sucker is born every minute. But YOU don't have to be one like all the other bit coiners.

The USD is a valid currency because people are required by law to recognize it's value. It has value because the most powerful superpower on the face of the Earth uses it and backs it.

Where does bit coin get its value from? Some computer nerds living in their mothers' basements and Chinese speculators who say it has value? The few online drug dealers who accept it?

If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a imaginary currency that only exists virtually, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC and more time getting remedial education.
Bitcoin is definitely not a Ponzi scheme 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.
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July 21, 2018, 03:10:54 PM
 #215

Shall i force myself to grin, smile, or laugh upon reading this topic? Well, bitcoin can never reached its success today if it's a ponzi or a scam since from the beginning because no one will going to invest on it too. As a proof, there will be no country will going to legalize it, IMO.

It's a sure thing that no people will believe and will make their own loss with the behavior they do.

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July 22, 2018, 02:44:01 AM
 #216

Electronic money is here to stay and nothing that you or any other like-minded person can do. Pyramid schemes work on the idea of a small stake where you sell something, but someone above you is cut, and someone above them is cut, until you reach the top, where One or a few people are chopping up everyone selling at the bottom. Bitcoin has no pyramid structure to talk about.
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July 28, 2018, 01:49:42 PM
 #217

I actually think it is a Ponzi Scheme.
But just like musical chairs, if you get out early - you still win!

Ponzi schemes are only bad for the stupid suckers left standing when the music stops.  Bitcoin is the same, if you 'Hodl' like a fucking moron, you are going to stop hearing music one day and then you will know you are well and truly fucked.

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July 28, 2018, 02:40:14 PM
 #218

Bit coin is a Ponzi scheme. Don't listen to the bit coin shills on here. The newcomers buying into bit coin and driving up the price are just making the early adopters richer.

That's how stupid people are. A sucker is born every minute. But YOU don't have to be one like all the other bit coiners.

The USD is a valid currency because people are required by law to recognize it's value. It has value because the most powerful superpower on the face of the Earth uses it and backs it.

Where does bit coin get its value from? Some computer nerds living in their mothers' basements and Chinese speculators who say it has value? The few online drug dealers who accept it?

If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a imaginary currency that only exists virtually, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC and more time getting remedial education.
Bitcoin is not a ponzi scheme. Its price is based on the law of demand and supply. Bitcoin never promised that you will earn money from it or satoshi didn't mentioned in his proposal that Bitcoin will be an investment. Due to the volatility, people took the advantage to earn money from Bitcoin.

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July 28, 2018, 03:07:04 PM
 #219

In my opinion,if you say that bitcoin is a Ponzi Scheme, the Stock Market will proceed in the same way,because it almost has the same rules,and that the rules are demand and supply.Bitcoin increases the price because more and more people are buying it,unlike the Ponzi Scheme that only tries to invite people to buy tokens so they can give money to others.
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July 28, 2018, 03:49:15 PM
 #220

This is so unfortunate, bitcoin can't be a 'Ponzi scheme'. Bitcoin has stood the test of time. Over the years many people have spoke against bitcoin, but the world of crypto keeps going higher. Bitcoin is here to stay and very soon more people will appreciate this amazing crypto.
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