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

[spiderbrain]

This is a good sign. A random idiot trying to spook bitcoin peeps so he can buy in lower, he must secretly be quite keen

[Cluster2k]

This is bitcoin's Christmas present to speculators.  Bitcoins going for almost 50% off. 

[Notanon]

I'd say Brazil would also be worth watching for uptake of BTC.

[RationalVoice]

http://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company)

Compare to Bitcoin. First adopters are the ones who benefit the most, growth requires continuous supply of NEW money to flow in, once supply of new money stops the price will drop.

Every 2nd post on this forum is about price or getting some return AKA speculation. Nobody is in this to change the future, every 2nd post is talking about ridiculous returns and than cashing out to fiat. Come on.

[porc]

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.

You have to admit, it was the best pyramid ever designed. Hats of to scammer Satoshi. So deceptive.

[porc]

http://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company)

Compare to Bitcoin. First adopters are the ones who benefit the most, growth requires continuous supply of NEW money to flow in, once supply of new money stops the price will drop.

Every 2nd post on this forum is about price or getting some return AKA speculation. Nobody is in this to change the future, every 2nd post is talking about ridiculous returns and than cashing out to fiat. Come on.

+1

And the hero members are spewing the most deceptive propaganda as they know whats up. Many hero members are intellectually dishonest and love getting pedantic about ones defintion of ANYTHING. They place red herrings and filibuster any critique.

[TheFootMan]

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.

Hi lm2f. I check your post history. Seems like there's only negativity in there. What do you get out of this? There's been several ups and downs in regards to bitcoin. This doesn't change the value of the underlying technology.

Would you kindly explain why you think bitcoin is a ponzi scheme?

[BitchicksHusband]

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.

The Pareto Principle (which is shared by all financial systems) makes bitcoin a Ponzi scheme?

[Hunterbunter]

If you're selling because you're worried it's going to go lower, remember that it's going lower because you're selling.

[johnblaze]

If you're selling because you're worried it's going to go lower, remember that it's going lower because you're selling.

and also because everyone else is selling

take off your blinders pal

[DPoS]

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.

bitcoin still works perfectly at $100 like all summer long ya know?

so a bunch of greedy people went apeshit trying to out greater fool the other, doesn't mean it dies.   
Lots of pain though..  some miners will turn off after they dont need the heat for winter 

[bitcon]

every time btc crashes some troll reports about the death of something that is still alive.

[Bitbuy]

If you bought in at higher prices, the best thing you can do right now is HOLD and enjoy the coming holidays for a while...Else you're gonna screw it up anyway.

[EverettMarm]

http://videosift.com/video/The-Office-Pyramid-Scheme 

But really, Bitcoin isn't any more of a ponzi-like scheme than something like gold. To be honest, neither make much sense to me as an "investment."

[JimboToronto]

At the risk of repeating myself-

http://www.youtube.com/watch?v=7u4F8cpzqao

Obviously the OP hasn't got a clue.

P.S. Thanks for the cheap coins.

[solidshotnosh]

Cry baby cry..

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

And someone else probably just bought yours @ 570, Good job losing almost 15% of your investment in a matter of hours.

[lm2f]

The only way this would be a ponzi scheme is if mtgox was actually spending YOUR USD and BITCOINS behind the scenes while you believe you have them in your account and thus making the system insolvent.

They make more legitimate money off the trading fees over time than they would profit by stealing your money. If you don't feel safe here or there or whereever you are take your shit out of the system like... right now.

Wonder how much of that monopoly money is real  

Why don't you try to cash out and tell us? Somehow I don't think you're gonna get your money kiddo. I'm sorry you're so easily tricked.

[piramida]

is this thread the quintessence of stupid? lm2f, just so you have some perspective - most people (apart from losers like you) have benefited from bitcoin greatly; they don't need to sell anything during this tiny correction (they don't need any more fiat money); it is a great opportunity to buy more (everyone with half a brain understands that); in a year, the price would be solidly in four digits (and you'll be back in your filthy hole under the bridge).

[ElectricMucus]

in a year, the price would be solidly in four digits (and you'll be back in your filthy hole under the bridge).

Would be if what?

[piramida]

in a year, the price would be solidly in four digits (and you'll be back in your filthy hole under the bridge).

Would be if what?

would be no matter what.