Is Bitcoin a Ponzi scheme?

[avoxosuccesful]

Now for me i'lld say bitcoin ain't no ponzi scheme,cause i know ponzi when i see one cause you got a mofo controlling that sh*** for his own gain. the difference between bitcoin and a ponzi is this, bitcoin is a decentralized system while the ponzi is vice versa centralized. bitcoin progresses when their are more who have the confidence to purchase and trade. so i dnt see why u'lld wan compare to a ponzi.

[tranthetai]

this is not the first time bitcoin has been likened to a Ponzi scheme. Unlike traditional currencies, bitcoin isn’t used to buy goods and services in much of the world. Most owners are holding it as an investment, hoping for price appreciation. The digital currency’s value increased 14-fold last year, before crashing by 44 per cent so far this year. Furthermore, bitcoin is owned by a few, who have a huge sway over the cryptocurrency’s price. About 1,000 people own 40 per cent of all Bitcoin

[henry clinton]

if you think that bitcoin is a ponzi scheme maybe gold is a ponzi scheme as well, hahaha. that's just my opinion, I do not know people thinking about bitcoin and I hope your argument with your friend will be removed soon

[Hallmader]

I had arguments  with my friends  who are always  tagging  bitcoin with negativity. Today, we argued  and I educated them on bitcoin and Ponzi scheme.  To me Ponzi scheme  is when developers takes  money from new entrance to pay early birds,rinse and repeat until they raise enough and vanish. But bitcoin  is not like that.  Do you think I am right?

Your friends really need to read more or do more research as to the basic information about Bitcoin. A Ponzi scheme is too far different from Bitcoin. The fact that Bitcoin is being traded means that its value is dependent on the changing demands of the market. You are right with your explanation with a Ponzi scheme. The early entrants are given dividends or profit that is taken from the money of the new entrants. In other words, there is really no sound economics behind.

[hot_ads]

The BTC had been going up for a while, and many of the people who bought it before made a lot of money, but many of the people who bought it later lost money, so it's kind of like a ponzi scheme.

[Serious475]

I had arguments  with my friends  who are always  tagging  bitcoin with negativity. Today, we argued  and I educated them on bitcoin and Ponzi scheme.  To me Ponzi scheme  is when developers takes  money from new entrance to pay early birds,rinse and repeat until they raise enough and vanish. But bitcoin  is not like that.  Do you think I am right?

They only think Bitcoin is a ponzi scheme because the old investors has the higher chance to earn big profits than the new ones. Bitcoin's price is based on the law of demand and supply. Bitcoin is decentralized, how will the developers take the money from the new investors? If they have negative thoughts about Bitcoin, let them be. Do not force them to invest in Bitcoin. Shove in their face someday that you are right by reaping your rewards in Bitcoin.

[BitcoinHunt3r]

I had arguments  with my friends  who are always  tagging  bitcoin with negativity. Today, we argued  and I educated them on bitcoin and Ponzi scheme.  To me Ponzi scheme  is when developers takes  money from new entrance to pay early birds,rinse and repeat until they raise enough and vanish. But bitcoin  is not like that.  Do you think I am right?

Your friends really need to read more or do more research as to the basic information about Bitcoin. A Ponzi scheme is too far different from Bitcoin. The fact that Bitcoin is being traded means that its value is dependent on the changing demands of the market. You are right with your explanation with a Ponzi scheme. The early entrants are given dividends or profit that is taken from the money of the new entrants. In other words, there is really no sound economics behind.

maybe his friend is a victim who loss his money because of ponzi scheme, i think it is normal because if we have bad experience with something especially at first time we know it. we wouldn't touch that thing again and start to hate it

[Menawi12]

I had arguments  with my friends  who are always  tagging  bitcoin with negativity. Today, we argued  and I educated them on bitcoin and Ponzi scheme.  To me Ponzi scheme  is when developers takes  money from new entrance to pay early birds,rinse and repeat until they raise enough and vanish. But bitcoin  is not like that.  Do you think I am right?

Bitcoin is not a ponzi scheme because bitcoin price floating in market. Bitcoin already exist for 9 years and right now many peoples attracting to invest because they knowing bitcoin is not a ponzi scheme. Its store of value and its like gold in our real world

[MainIbem]

I had arguments  with my friends  who are always  tagging  bitcoin with negativity. Today, we argued  and I educated them on bitcoin and Ponzi scheme.  To me Ponzi scheme  is when developers takes  money from new entrance to pay early birds,rinse and repeat until they raise enough and vanish. But bitcoin  is not like that.  Do you think I am right?

the Indian government cautioned people against investing in them, warning that they are similar to fraudulent investment schemes and have no legal status yet. “There is a real and heightened risk of  investment bubble (in virtual currencies) of the type seen in ponzi schemes which can result in  sudden and prolonged crash exposing investors, especially retail consumers, losing their hard-earned money,” the finance ministry said in a notification on Dec. 29, 2017

That does not make bitcoin equal or equivalent to ponzi.
Bitcoin is a virtual currency.  A trade-able asset. A medium of exchange though not legalized in many countries. Bitcoin is not a scheme. It is fractionalized, the list fraction call a satochi. Bitcoin has a maximum supply volume. You do not have a leadership ladder in bitcoin. You do not upgrade to the next level in bitcoin.

Know your bitcoin and educate your friend very well.

[TIDOVEE]

Bitcoin is not a ponzi scheme. Ponzi scheme is always concluded to be a scam. Of course a lot of people thought that's what it is. Some are marveled on how people make money out of it. And as a matter of fact. Some people in the name of making trade and involving people to contribute, are making their ponzi arrangement. Out of bitcoin.

[shackleford]

You have touched upon a good topic. My opinion about the payment of old users, due to new inflows. Now let me tell you a secret. There is a law of conservation of energy (money). If they decrease by the same amount, which means it will arrive at the same amount. If we talk about the currency market, in this case about the crypto currency and bitcoin, those who transferred their money to Fiat in time earn. And those who bought at the peak at a high price lose. Therefore, investment is a game in which some lose and others win.

[Chaelbrin]

Bitcoin cost is controlled by free market activity. Here and there bitcoin value rises and now and then it falls. It is same as some other venture like genuine state, gold, and so on. So It is anything but a ponzi conspire. Old financial specialists can lose their cash as well. It is same as securities exchange. In the event that we call Bitcoin s ponzi plot, so securities exchange is additionally a ponzi conspire.

[Premooooo]

I had arguments  with my friends  who are always  tagging  bitcoin with negativity. Today, we argued  and I educated them on bitcoin and Ponzi scheme.  To me Ponzi scheme  is when developers takes  money from new entrance to pay early birds,rinse and repeat until they raise enough and vanish. But bitcoin  is not like that.  Do you think I am right?

Ofcourse
I'm using bitcoin three years ago that I've been spending so much money in bounty campaigns and trading income is also huge.
Surely there is no problem with bitcoin that people have problems because they make a bitcoin scam, it makes their payment to other people when you scam someone else because bitcoin's transaction is free no matter where part of the country goes.

[wallycrypto]

according to reports, it has shown that it is not a ponzi neither is a crowd fund. it is not a ponzi scheme, it is a platform of its own class

[pjr77]

Bitcoin is mistakenly called the Ponzi scheme. Firstly, in the process of the Ponzi scheme there is a person in the center who earns by attracting new people and their money, and bitcoin is not controlled by anyone: neither the center, nor a group of people, nor even one person.

[DoublerHunter]

Bitcoin is mistakenly called the Ponzi scheme. Firstly, in the process of the Ponzi scheme there is a person in the center who earns by attracting new people and their money, and bitcoin is not controlled by anyone: neither the center, nor a group of people, nor even one person.

Your statement is correct and that is also the reason why we should not trust the people that are keep on saying that bitcoin is a ponzi scheme because that is not true since bitcoin is a pure asset and you cannot treat it like the networking because networking is only possible to the HYIP investment which they earn through a ponzi scheme.

[znakistu]

Bitcoin is not a Ponzi scheme, and there are many factors to this. in particular, the main one should be the central body or a person who makes money out of the money of investors, but in bitcoin it does not. further - investors are not paid new money, they receive or lose them depending on the bitcoin price and the time of purchase and at the time of sale. the same thing happens with stocks. and the last one: bitcoin is a transparent system: every transaction is recorded and stored in the locker. in the Ponzi scheme a complete lack of transparency.

[margaret22]

I don't see anybody try to convince others to buy Bitcoin, which is kind of how the Ponzi scheme would work. And even if I convinced someone, it would not have effect of the price of Bitcoin. So, the short answer is no, it is nothing like that

[Elrozaq]

I had arguments  with my friends  who are always  tagging  bitcoin with negativity. Today, we argued  and I educated them on bitcoin and Ponzi scheme.  To me Ponzi scheme  is when developers takes  money from new entrance to pay early birds,rinse and repeat until they raise enough and vanish. But bitcoin  is not like that.  Do you think I am right?

In my opinion Bitcoin prices are determined by supply and demand. Sometimes bitcoin prices go up and sometimes go down. That's the same with other investments, So this is not a ponzi scheme. Old investors can lose their money as well. Same with the stock market. If we call the Bitcoin ponzi scheme, then the stock market is also a ponzi scheme. So, I think bitcoin is not a ponzi scheme.

[Liz D]

Bitcoin is not a ponzi scheme, I sometimes compare crypto market to stock market for people who don't really understand because it is hard to tell people you're making it huge online without doing scam.... Ponzi scheme always have trees of network but Bitcoin has none.