Bitcoin is a financial pyramid?

[Nilda]

Governments wouldn’t start making studies right now on how to regulate cryptocurrency if bitcoin is some sort of a pyramiding scam. Companies, too.

[j.kelvin]

If its bitcoin and chainblock its not pyramiding but rather a decentralized currency and technology. Unfortunately there are a lot of people who are riding in Bitcoin's hype and popularity. Best thing to do before you invest is to check the offer and the company or people who is offering it. If the offer is to good to be true and may be depending on recruiting your friends as well, there is a high chance that its a ponzi scheme riding on Bitcoin. You can also check the forum on what type of Altcoins or cryptocurrency is best to invest in aside from Bitcoin. And yes its blockchain.

[mung_nasib]

I never thought that bitcoin is a financial pyramid but a blockchain technology that can be utilized by someone if you want to invest for the future in order to improve the economic system better than ever.With a very limited number of bitcoins one must be able to take advantage of the opportunities that exist in generating profits.

[dlhezter]

Financial Pyramid are soon to become scam, and bitcoin is most like that,, even me after i heard this bitcoin and search about it, i am guesting that this bitcoin goes to pop and scam soon, but after 2 years of experienced in bitcoin, bitcoin proves to me that it is not a scam but a financial solution for all people/investors who believes in it.

[FourByfour]

In opinion bitcoin owner hold risks like betting but has small chance of losing and if they lose I believe partial of their investment would remain so in my opinion its not a scam.

[Lindazz]

Bitcoin is a financial pyramid? Will not the loss of wallets and the limited number of bitcoins to high deflation lead to the destruction of Bitcoin? How many bitcoins are there now? What generally supports this currency?it is very interesting to hear your opinion on this)

As governments gradually support bitcoin and there is more and more money to support it, so should the rise.

[Btcvilla]

Nah.  When I first heard about bitcoin back in 2012 or so, I assumed it was some sort of scam--or at best a fad or gimmick like Flooz was in 1999, some sort of internet currency that nobody wanted or needed and that would die out within months.  Turns out that I never changed my position on the latter (I think it's a solution in need of a real problem, at least for civilized countries), but I was dead wrong on the first part.  It's definitely not a scam, Ponzi, pyramid, or otherwise and it took off to a degree beyond anything I'd anticipated.

Right now I'd be careful investing in it, because it's near its all-time high, and that's exactly the point at which people start inflating the bubble and then it pops.  Can't say for sure if or when that's gonna happen, but I get the feeling that it will.  We'll see.  But it's not a scam.

I agree with what you say, your discussion is very precise. maybe this will be the knowledge and understanding for the OP. that the most important bitcoin is not a scam scheme what else ponzi. although almost every day the issue of tilt is always directed at bitcoin.

[Budugbass]

What generally supports this currency?

As long as there are still many people who are interested in bitcoin, bitcoin will still alive and will never die until it can be distruction and until it loses its value.
Blockchain technology is very important, there's no point of error that can damage the blockchain either intentionally or unintentionally.
I don't think it's a financial pyramid, but a digital currency that indeed having a sophisticated and decentralized system that makes it easy to transact, and providing many benefits.

[Denies]

Bitcoin is a financial pyramid? Will not the loss of wallets and the limited number of bitcoins to high deflation lead to the destruction of Bitcoin? How many bitcoins are there now? What generally supports this currency?it is very interesting to hear your opinion on this)

you are wrong, not like what you think. I guess you should take more time and look for more interesting readings in this forum. bitcoin has given us many benefits.

[senin]

Bitcoin in any case can not be called a financial pyramid. The financial pyramid is when the last in chronology people make their money in some kind of fictitious project, which then disposes of the previous ones as a percentage of the income from the realization of this project. In the case of bitcoin, it is slightly different. Bitcoin can be called a financial bubble, because its cost increases due to increased demand for it, and increased demand leads to a further increase in its price. This was clearly seen last month, when bitcoin suddenly took off in its course to $ 20,000.

[bitcoinzen]

Banks are Financial Pyramid Lehman brothers are financial pyramid Bitcoin is only lifesaver for money

[malikusama]

Bitcoin is a financial pyramid? Will not the loss of wallets and the limited number of bitcoins to high deflation lead to the destruction of Bitcoin? How many bitcoins are there now? What generally supports this currency?it is very interesting to hear your opinion on this)

You have a wrong perception, Bitcoin is not really like a financial pyramid or something like ponzi.
This is just because of the lack of proper knowledge about cryptos and bitcoin. It is not just limited number of bitcoins that matters, demand and circulation in market are the most important.
More than 16 million BTC are in circulation, as long as bitcoin is being circulated in the market and demand will keep increasing there is no chance for a destruction.

[darklus123]

Nah.  When I first heard about bitcoin back in 2012 or so, I assumed it was some sort of scam--or at best a fad or gimmick like Flooz was in 1999, some sort of internet currency that nobody wanted or needed and that would die out within months.  Turns out that I never changed my position on the latter (I think it's a solution in need of a real problem, at least for civilized countries), but I was dead wrong on the first part.  It's definitely not a scam, Ponzi, pyramid, or otherwise and it took off to a degree beyond anything I'd anticipated.

Right now I'd be careful investing in it, because it's near its all-time high, and that's exactly the point at which people start inflating the bubble and then it pops.  Can't say for sure if or when that's gonna happen, but I get the feeling that it will.  We'll see.  But it's not a scam.

I am either being too careful with my money when it comes to this currency even if I do fully understand how the system works things here are very unpredictable. The current bubble really is pretty scary in my own opinion it can only prove how volatile it is. Tho the fact that we are getting benefits of the moment, we just have to enjoy it

[jjacob]

Some people think btc is a financial pyramid however, there is no solid proof. It's kinda like a ponzi scheme but if you would call btc a ponzi scheme, assets would be too.

I have heard criticism that Bitcoin is like a ponzi scheme, from many people from the establishment. For any ponzi scheme, you need an operator who plans to scam. In the case of Bitcoin, it is decentralized and therefore cannot be a ponzi scheme.
Some people argue that since people who invested early are paid by those who are coming now, it should be called a ponzi scheme. But that is true of any bull run or bubble; the early investors make money at the expense of late comers.

[BitNinja2017]

This is incorrect. It's not a pyramid scheme it's a decentralised system for value transfer

[Bugatti73]

May be it a huge piramyd but now we can earn and increase our funds.
As for me it does not matter.

[royale143]

Nah.  When I first heard about bitcoin back in 2012 or so, I assumed it was some sort of scam--or at best a fad or gimmick like Flooz was in 1999, some sort of internet currency that nobody wanted or needed and that would die out within months.  Turns out that I never changed my position on the latter (I think it's a solution in need of a real problem, at least for civilized countries), but I was dead wrong on the first part.  It's definitely not a scam, Ponzi, pyramid, or otherwise and it took off to a degree beyond anything I'd anticipated.

Right now I'd be careful investing in it, because it's near its all-time high, and that's exactly the point at which people start inflating the bubble and then it pops.  Can't say for sure if or when that's gonna happen, but I get the feeling that it will.  We'll see.  But it's not a scam.

I agree and good point mate. I think because the gain is so quick that's why many people seem to think that bitcoin is some sort of pyramiding scam; however, even if you track how it gained value, you would see that it mostly gained it through investment and trades, and through massive support and usage from cryptocurrency believers. Unlike pyramiding, where you get someone's money to be gained by topline members, which is not the case for bitcoin's rise. Also, since it has been there for a decade, more or less, no pyramiding scheme would last that long.

[Kakmakr]

Bitcoin is a financial pyramid? Will not the loss of wallets and the limited number of bitcoins to high deflation lead to the destruction of Bitcoin? How many bitcoins are there now? What generally supports this currency?it is very interesting to hear your opinion on this)

Right now I'd be careful investing in it, because it's near its all-time high, and that's exactly the point at which people start inflating the bubble and then it pops.  Can't say for sure if or when that's gonna happen, but I get the feeling that it will.  We'll see.  But it's not a scam.
Report to moderator 

The only thing that must be reported is your posts to your signature campaign manager. You are copy & pasting post content from other posters on this forum and getting paid for it.

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Nah.  When I first heard about bitcoin back in 2012 or so, I assumed it was some sort of scam--or at best a fad or gimmick like Flooz was in 1999, some sort of internet currency that nobody wanted or needed and that would die out within months.  Turns out that I never changed my position on the latter (I think it's a solution in need of a real problem, at least for civilized countries), but I was dead wrong on the first part.  It's definitely not a scam, Ponzi, pyramid, or otherwise and it took off to a degree beyond anything I'd anticipated.

Right now I'd be careful investing in it, because it's near its all-time high, and that's exactly the point at which people start inflating the bubble and then it pops.  Can't say for sure if or when that's gonna happen, but I get the feeling that it will.  We'll see.  But it's not a scam.

OP, back to your thread - Bitcoin is definitely not some Pyramid scheme. A pyramid scheme take money from person A to pay Person B and this is not what is happening in Bitcoin. Bitcoin is a currency and commodity that are traded and used by people on a daily basis and many secondary businesses are built around this technology.

[Fire316]

      Bitcoin is not a financial pyramid because you earn it by yourself,you can invest by your own risk,you dont need to full some people to push you up just to get bitcoin. Bitcoin is freedom for every one who want to earn extra income.

[Usafstar]

Yes bitcoin have made many changes in the financial system like we called this the financial pyramid. Now can measure the dollar amount and other currencies with bitcoin So the pyramid is bitcoin and the history of this currency have shown the fast growth in the present time. So we can say that the bitcoin will change the people preference from fiat to digital money.