Bit Coin is a Ponzi Scheme

[maimainguyen05]

LOL. I don't think Bitcoin is a Ponzi Scheme, it's a cryptocurrency, it was made with good purpose not to scam other people money like Ponzi. Although it's not a ponzi scheme but I can't refuse that Bitcoin is related to a lot of ponzi scheme but that not mean Bitcoin is a ponzi scheme. You should change your mind buddy. A lot of people out there still have the same thinking like you that why Bitcoin is not legalized worldwide

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[kenjohannes26]

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.

You like digging your own grave here, you know this is a bitcoin forum? and why do you make a topic like this?

Bitcoin is not a Ponzi Scheme, he is a very special virtual coin.

[piebeyb]

I've seen writing like that everybody thinks that bitcoin is a ponzi scheme, but they never become bitcoin users who just analyze and write articles that can make me laugh.
if they had gone to a restaurant to know the cuisine at the restaurant, at least they would have to taste the food and comment on the food and not analyze it
I think they need to understand well before writing about bitcoin at least they also need to know what bitcoin technology and blockchain

[Kryptknox]

you obviously have no idea what your talking about and don't understand the concept of an open source public ledger, or blockchain technology. Cryptocurrency is the future of currency period. maybe not in our lifetimes, but soon enough, paper and metal coin will be a thing of the past and everyone will have all different kinds of cryptos for their daily use.

[BlockMedx]

I've heard people call Bitcoin a Ponzi before, but i've never seen it explained.  Seems like just a trope

[Keptone]

You are completely wrong with that, if you are jealous because you dont even have a bitcoin on your wallet, it is not our fault.
Why are you complaining? Is it because you did not earned enough money by working 10 hours a day in your country? Or is it because you dont even have money to invest in here
I have read a lot of fud like this on the forum, but a ponzi scheme? Do you know what a really ponzi scheme is? i think that you dont.

I would not even bother myself into reply this thread because it a troll , it is obviously a troll..

Exactly, 100% Zero ponzi.

[mabell943]

Bitcoin is not a ponzi scheme or a fraudulent act which they not forbidden any rules of the law. In fact aside from their success in the industry;
they follow all the compliance of the law which they promote all legal deed and good business ethics in our industry.

[lm2f]

You people commenting are clueless. I really hope none of you actually have any money invested. Remember the saying " you dont make momey until you sell" absolutely nothing backs bit coin. The "fiat" currency your talking about is the currency that is putting food on your table, a roof over your head and clothes on your back. It is backed by governments and central banks which back all the mortgages and car loans etc with interest rates which are backed by a countries economy. Bit coin has none of that. Its a pipe dream. An interesting dream but that is all. Dont get mad at the truth. Governments have power. Not bitc oin. Governments have armies not bit coin.

[Realist247]

You people commenting are clueless. I really hope none of you actually have any money invested. Remember the saying " you dont make momey until you sell" absolutely nothing backs bit coin. The "fiat" currency your talking about is the currency that is putting food on your table, a roof over your head and clothes on your back. It is backed by governments and central banks which back all the mortgages and car loans etc with interest rates which are backed by a countries economy. Bit coin has none of that. Its a pipe dream. An interesting dream but that is all. Dont get mad at the truth. Governments have power. Not bitc oin. Governments have armies not bit coin.

Not only are they clueless but they are lazy and never back-read where the ponzi scheme definition was broken down exactly to the case at hand.  I attribute much of it to the fact that most posting on this forum are not native English speakers.  Aggressive denial is the #1 sign of a Ponzi scheme.  The funny stuff is when someone above was trying to say things like housing markets, pension funds, government programs should be called ponzi schemes also in a sarcastic manner....well they are indeed...lol.

All that matters in a Ponzi scheme is that one knows when to get in and get out.  Not everyone loses money in Ponzi schemes.  I know several people who made their living playing (not operating) Ponzi schemes over the years.  Their secret?  "Never get greedy."  Good luck with that philosophy in this market where 99% have never cashed out and will the ones that are burned in the end.

[Genosx]

No, the company and managemet of bitcoin is legal and follow the compliance of the law. Therefore they are accredited by the government to have authority to operate in this kind of industry.

[btcprospecter]

It is good to see that nearly everyone involved in bitcoin has an opinion about it. I kinda have the view point that people that are bitter about bitcoin and calling shenanigans just didn't buy in at an earlier opportunity.

[HashieNewb]

It is good to see that nearly everyone involved in bitcoin has an opinion about it. I kinda have the view point that people that are bitter about bitcoin and calling shenanigans just didn't buy in at an earlier opportunity.

If you feel that it's only about the price of Bitcoin then you are correct.
Bitcoin is a program that is trying to influence the usage of electronic payments.

[fabioganga]

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.

I have never read so much bullshit in such a short paragraph in my entire life. I leave the psychological terrorism to you whilst I keep enjoying my Bitcoin profit!

[Caesar-Giulius]

If you think Bitcoin is ponzi then don’t invest by all means. Are you here to troll and to spread hate? Get a life and go spend your time and effort on something you like.

[Mike Mayor]

Ong please leave. Why are you here. Not be wants filthy believers. Why you here if that's he you feel. Why must you insult people are you jellous because you still poor and some of us have more Bitcoin then you ever made in your life? Sounds like jealously. Also do you even know he a Ponzi works? If Bitcoin is a Ponzi then so is everything else. Please think. You must be so clever to have figured it all it wow.

[Re3urst]

I am a self-made multi-millionaire through a well paying day job (M.D.) and income producing real estate. I own some crypto just for fun, but I'm not sure I see the utility.

USD $ enables me to buy real estate, which produces INCOME. Crypto will never produce cash flow. Therefore, I don't YET see it as an investment. I also cannot buy a plane ticket, car, or condo with Bitcoin, so its not a currency either.

Crypto is about 0.5% of my portfolio, but so far, its been slow at producing any WEALTH. You still have to find someone to give you useable money for Bitcoin, and Coinbase charges $40 for me to pull out $3000 of my OWN Bitcoin.

[Genosx]

No, bitcoin is not a ponzi scheme. Bitcoin is a legal company which follows and complies all the requirements required by the jurisdiction of the law.
Therefore the government accredited them as a legal company and has authority to operate in the industry.

[mahboob123]

Bitcon is not a ponzi scheme this is real money in face of    degital curency

[mwsind]

bitcoin is first concept of cryptocurrency, bitcoin is a king of all cryptocurrency markets bitcoin is not a ponzi scheme.

[DatacoinMiner]

More like a FONZI scheme