It's over. The Ponzi scheme is coming down. Goodnight sweet bitcoin.

[lm2f]

Now that China is banning bitcoin, don't expect the crash to stop. The best thing to do right now is to get out when you still can. This time around there will be no dead cat bounce, bitcoin crashed right in the centre of media attention and any faith gullible idiots still have in it will be destroyed.

It's over. Bitcoin is finished. Good riddance to this little Ponzi scheme.

[2X84]

Now that China is banning bitcoin, don't expect the crash to stop. The best thing to do right now is to get out when you still can. This time around there will be no dead cat bounce, bitcoin crashed right in the centre of media attention and any faith gullible idiots still have in it will be destroyed.

It's over. Bitcoin is finished. Good riddance to this little Ponzi scheme.

 , http://www.coindesk.com/zipzap-offer-cash-bitcoin-service-28000-uk-locations/.

I'm about to watch a massive argument unfold, aren't I?

[lm2f]

Now that China is banning bitcoin, don't expect the crash to stop. The best thing to do right now is to get out when you still can. This time around there will be no dead cat bounce, bitcoin crashed right in the centre of media attention and any faith gullible idiots still have in it will be destroyed.

It's over. Bitcoin is finished. Good riddance to this little Ponzi scheme.

 , http://www.coindesk.com/zipzap-offer-cash-bitcoin-service-28000-uk-locations/.

I'm about to watch a massive argument unfold, aren't I?

More ways to lure in suckers? How great.

[accord01]

I wouldn't say it is a ponzi scheme, but it does seem like it.  What worries me is this:

that 11,000 individuals owns more than 75% of the entire market.  And 47 individuals own 28.9% of the market.  

[stash]

Cry baby cry..

I just bought all your coins @ $658. Thx for those cheap coins, appreciate that.

[gminds]

Now that China is banning bitcoin, don't expect the crash to stop. The best thing to do right now is to get out when you still can. This time around there will be no dead cat bounce, bitcoin crashed right in the centre of media attention and any faith gullible idiots still have in it will be destroyed.

It's over. Bitcoin is finished. Good riddance to this little Ponzi scheme.

Send your coins before its too late to do so.

[lm2f]

I wouldn't say it is a ponzi scheme, but it does seem like it.  What worries me is this:

that 11,000 individuals owns more than 75% of the entire market.  And 47 individuals own 28.9% of the market.  

B-but muh free currency! Muh new paradigm!

[dopey]

Your the tenth BTC is dead thread today. YAWN

[accord01]

Here is the thing though, like any of those 47 individuals or less, could just destroy some ppl's lives with barely any of their holdings...

[lm2f]

Here is the thing though, like any of those 47 individuals or less, could just destroy some ppl's lives with barely any of their holdings...

This is exactly what makes bitcoin a Ponzi scheme. By buying into bitcoin and driving up the price you're just making the early adopters ricer.

That's how stupid people are.

A sucker is born every minute.

If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a currency that doesn't even exist, 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 stock and more time getting remedial education.

[kendog77]

Here is the thing though, like any of those 47 individuals or less, could just destroy some ppl's lives with barely any of their holdings...

How can you be so sure that those large holdings are held by individuals and not bitcoin related companies / co-ops?

[TiagoTiago]

It's just a small setback; long term Bitcoin is always going up.

[Indemnified]

The OP posted once in 2011, in Chinese, and then not again until 2013 with all his negative posts - and now always in English. Check out his posting history.

It appears his mission is an attempt at market manipulation through spreading negativity.FUD

[BitCoinNutJob]

Here is the thing though, like any of those 47 individuals or less, could just destroy some ppl's lives with barely any of their holdings...

This is exactly what makes bitcoin a Ponzi scheme. By buying into bitcoin and driving up the price you're just making the early adopters ricer.

That's how stupid people are.

A sucker is born every minute.

If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a currency that doesn't even exist, 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 stock and more time getting remedial education.

why are you here exactly? nobody is forcing you into crypto & nobody is asking for your help to inform them.

[Peter R]

Here is the thing though, like any of those 47 individuals or less, could just destroy some ppl's lives with barely any of their holdings...

This is exactly what makes bitcoin a Ponzi scheme. By buying into bitcoin and driving up the price you're just making the early adopters ricer.

That's how stupid people are.

A sucker is born every minute.

If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a currency that doesn't even exist, 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 stock and more time getting remedial education.

To all the lurkers out there:  

The above pie-chart was created by the MSM using estimates from Risto's post here: https://bitcointalk.org/index.php?topic=316297.0.  Please refer to the actual post before concluding anything about the OP.

Also remember that there is no way to actually know what the bitcoin distribution by owner is.  The above chart is simply an estimate that Risto made with the help of other forum members.  The MSM then disseminated it as fact.  

[BitCoinNutJob]

chart doesnt matter, its like any other successful business investment ever.

[Mad Scientist]

I wouldn't say it is a ponzi scheme, but it does seem like it.  What worries me is this:

that 11,000 individuals owns more than 75% of the entire market.  And 47 individuals own 28.9% of the market.  

And this is worse than the Bankers how exactly?

[Piper67]

OP wasn't paying attention. Bitcoin died in 2011. Wired clearly said so.

[Siegfried]

I wouldn't say it is a ponzi scheme, but it does seem like it.  What worries me is this:

that 11,000 individuals owns more than 75% of the entire market.  And 47 individuals own 28.9% of the market.  

When those 47 and 11,000 individuals buy mansions, yachts, private jets, and companies, their bitcoins will flow into the economy and be redistributed throughout the population of people who worked to provide the value that the bitcoin owners purchased.

[Maged]

It's over. Bitcoin is finished. Good riddance to this little Ponzi scheme.

Oh thank God. You have no idea how glad I am to see this. It's been awhile...