Bit Coin is a Ponzi Scheme

[denzkilim]

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.

How does it become a Ponzi scheme?
I think you're just a troller that spends all your time in trolling different kinds of forums all over the internet world as long as you have an internet connection.
Bitcoin is not even an investment and if you read Bitcoin's white paper you won't find any word about "investment" kinds of stuff. Bitcoin is decentralized and no one is controlling it even a central bank nor a government and only the majority of people using it decides what it will be.

Why not tell that to the Japanese since they adapted this coin heartedly to the extent of using this as legal tender,in short same functionality with Yen?

Another thing after what you have cried,now why still living here inside the crypto of bitcoin is totally nothing?Lop tell that you your mothers ass stupid

He's just trolling around in here because his mom gives him the privilege to connect to their internet at their house lol. Or he is just spreading FUD in this community to make the price of Bitcoin go down so he could buy at the dip.

[1714990618]

1714990618

[1714990618]

1714990618

[1714990618]

1714990618

[1714990618]

1714990618

[yulionoo]

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 strongly disagree with what you say. if it is a bitcoin ponzi scheme, then now it will not get the loss of the people who bought it at the end of 2017. but in fact people who bought last year really expect the price to recover. if it is a bitcoin Ponzi scheme, then people who bought last year will not experience a downturn like this. in my opinion, you are carried away by emotions when you express your feelings. because you are not happy to see people who are lucky because they bought bitcoin when the price was very cheap a few years ago. you tell people not to spend their time speculating, but there are still many people out there who earn money because they speculate to trade. so in my opinion, all you say is nonsense and people won't believe your words.

[btcnijuan]

Bitcoin is just made of 0s and 1s, I agree with some of your point but like a paper money or other physical currency, many people patronize and use it so it become valuable and use in every possible transaction

[revben]

Cryptocurrency is more of a currency than Fiat. Fiat is backed by nothing but corrupted Governments that can fall at anytime, like in the recent cases of Venezuela and Zimbabwe. You cannot just print Crypto as you feel, unlike the money printing scheme called Fiat.

[xbossJ]

Thanks to you! You meant Bit Coin not $Bitcoin Because the $Bitcoin I know isn't a ponzi. I know a ponzi when I see one, $Bitcoin in the first instance, isn't structured like a ponzi. Ponzis are pyramid schemes where you take from Mr. B  and Mr. C and give to Mr. A, hoping that D and E and F and G respectively will give to Mr. B and Mr. C. I have a ponzi experience, and it wasn't a pleasant one, lost money there because there is no guarantee that when u pay to someone, someone else pays to you! But if you own a single $Bitcoin, there is guarantee that its price will go up, even if its in cents! Owning a bitcoin is like opening a shop and stocking it with goods in wait for buyers! Joining a ponzi is like being too generous to solve other peoples problems, while yours remain unattended to!!

[peacefulpeace]

in a ponzi scheme, there is a centralized account where each participants are require to pay into without the prior interference of a third party, that is not the case with bitcoin, as one distinctive feature with bitcoin is the decentralized nature it exhibit, a p2p system where a third party is involved. So it is very incorrect to say bitcoin is a ponzi scheme.

[crossabdd]

this world is a reflection of the virtual world / internet world. all have no value. who gives value is us personally. why is fiat more valid in the world than bitcoin, of course because it is protected by regulations. the government that makes, the government that oversees, the government that determines. what about bitcoin? yes as you say. only a bunch of nerds make and are rated by speculators. but why do they give value? because the technology defeats banking. but the government does not recognize that. whether the ponzi scheme is just your thinking. because you don't know more about bitcoin.

[andriarto]

Bitcoin is just made of 0s and 1s, I agree with some of your point but like a paper money or other physical currency, many people patronize and use it so it become valuable and use in every possible transaction

as long as i'm active in the world of bitcoin, price of btc is purely from demand and supply, so i think it's far from the ponzi scheme. as a trader, we can get a profit with time of entering and leaving market

[Pyr3x]

I fully read your message, but did not see any serious statement that would confirm your statement that bitcoin is a Ponzi scheme. And you know, if that were true, it wouldn't have evolved to such a global scale for so long. So I think you're wrong.

[awawo]

I wonder why people constantly refer to bitcoin as a ponzi scheme bitcoin is a currency for God sake and it not a scheme bitcoin is different from ponzi as ponzi is not a currency or can not be send from one person to the other.

[bloodyvio]

bitcoin has value because its supply is limited and mining activities to get bitcoin are not cheap
and mining makes data flows safer on blockchain, decentralized makes networks safe

[Glutius]

Bitcoin has always been subject to negative opinions of skeptics, but it does not mean that it is true. Bitcoin continues to evolve, improve, and most importantly used in the world. And if it really was just another Scam, bitcoin would not be able to hold out for almost 10 years in the world.

[bigbosma]

Of course, there are different opinions about bitcoin and many allegedly authorities say that bitcoin is a bubble, Ponzi and so on. I don't believe that. Would big companies like Samsung, for example, or BMW, use it if it were a fraud? I don't. You're just another skeptic.

[lemonandfriesonetwo]

Bitcoin is a whole new digital system, it'll catch on and people will understand in the future the importance of a system like this.

[Gary Levanevskii]

Bitcoin is not a pyramid but an evolition of money. Even if there is no speculation with the price of Bitcoin, then it can be used for its intended purpose. The future of Bitcoin does not depend so much on the price as it seems.

[altercreed]

I don't really believe that bitcoin is a ponzi scheme of investment because it is already the big thing in internet today. It's just a breakthrough invention of this era where more and more people are getting wealthy through it. Governments also using it and that's already a strong case that bitcoin is legit.

[thankyoulord]

First you need to know that the ponzi scheme is like a 7 world wonder that is a handful to get hold of. In thinking what and how it spirals into something unfathomable, it gets tougher from there. In other note, Bitcoin is just a virtual money. Technological innovation, an investment and generally accepted to have same characteristics like a typical investment, so I don't see why it should be tagged as a ponzi scheme.

[Bloodseekers]

You thread so funny, bitcoin is very diffrent with ponzi scheme, ponzi scheme only give profits to early adopter and after 2-3 months even only a months will colaps because they cant pay member anymore. But bitcoin not like that, already exist about 9 years and you still think this is ponzi?? Bitcoin is cryptocurrensy, you must learn about that

[Matthewlee]

Bitcoin is only made of 0 and 1, I agree with some of your points but like paper money or other physical currency, many patronize and use it so it becomes valuable and used in every transaction can. Fiat is backed by nothing but ruined governments that may fall at any time, as in recent Venezuela and Zimbabwe cases. Thank you! I know a ponzi when I see a $, Bitcoin in the first case, not structured like a ponzi. I have a ponzi experience, and it is not a pleasant person, lose money there because there is no guarantee that when you pay someone, someone else pays you! Owning a bitcoin is like opening a store and storing it with goods waiting for buyers! In a ponzi program, there is a centralized account where each participant pays without prior third party interference, which is not the case with bitcoin, since a special feature with bitcoin is the version. The decentralization it represents, a p2p system that the third party participates. This world is a reflection of the virtual world. Values ​​are personal to us. The government created, the government supervised, the government decided. Only a series of nerds made and evaluated by speculators. because the technology beat the bank. Whatever Ponzi scheme is just your thoughts.

[thankyoulord]

Bitcoin isn't a Ponzi Scheme. A Ponzi Scheme is more like a 7 world wonder that ripples itself from just the very starting point. But bitcoin trade and exchange is more like an investment and it's guided by all basic rules of investment and also have all its basic features. A Ponzi scheme if logically calculated, can not have an end. It's more like the multiplication table, you have to add a part from point A to give to point B to satisfaction. And this is clearly not what bitcoin is.