Why some people treat BTC as ponzi scheme?

[btcprospecter]

Whenever someone hears of ways that may make them rich they are always going to think that it is a good possibility that it is a scam. Ponzi and pyramid schemes are the ones that first come to mind. Bitcoin has no relation to either with nobody like devs in control it is alot harder for a single entity to profit. Bitcoin is what it is a crypto currency that is traded and with that comes its value.

[twitami1]

the Ponzi scheme is based on the fact that, in fact, Ponzi is the central element that attracts new members for money and organizes payments. in the case where the claims of payments are greater than the funds invested, the scheme falls apart. This happens inevitably, sooner or later, since infinite expansion is impossible. and in the bitcoin scheme there are no intermediaries between who entered the scheme sooner or later. This is a replacement - technology blockchain. besides, there is no central element in Nakamoto's scheme. these are the main factors that prove that bitcoin is NOT a Ponzi scheme.

[iyamoxjhian]

It's simply because of not understanding what is bitcoin and how it works. They giving their judgement easily without fully understanding how it works. Plus, there were certain people who do scamming works and claims that it was bitcoin like here in our country, they do ask money for investments from other people and tell them that this will be invested in bitcoin but that scammer will run away and take their money. That is why most of the people who do not understands bitcoin gives misconceptions about it.

[Jossy111]

you cant really blame people who sees it as a scam because it happened to me too at first before i had a change of mentality this is due to the fact that lots of people as been scammed by cyber scammers and fraudsters, so people are being  not to be scammed. now people are beginning to see bitcoin as an investment but not a ponzi scheme.

[Afobaje38]

You know ponzi scheme is also a little similar of investing, at least people put in money to get more money, but BTC is totally different because it's also a soft currency not hand to hand money

[Radio-Active]

I really wonder to some people who think bitcoin is a ponzi scheme. It has made so many people rich and doing better till now.
But I don't understand the reason behind this type of thought?

Because they saw many bitcoin holders from the earlier time have gain so much returns with their bitcoin.
They are wrong, but we can prove that bitcoin is not a ponzi by join to involve in bitcoin and get some incomes to show them.

[napoleoni1]

I think it has to do something with the things that happened before.
People do not tend to embrace something new, instead they try and find similarities with what they already know.
Therefore, until BTC will be accepted as the real currency (which i doubt), we gonna find people thinking of it as "another ponzi scheme"

[MrRiuss]

because they dont understand what btc is. so they are assuming that btc as a ponzi scheme.

[Fafabol]

some people treat btc as pozi scheme because there are people who offers an easy money way.They offered great earnings at very easy way which can lead to fake investment.Let us just be careful if someone says that they found a new and easy ways of earning and eventually they asked to you to lend some btc as initial investment.Consider these truth,we can be able to avoid these fake investment or so called ponzi scheme.

[Dread Pirate Roberts]

Because the fact that happened in the market looks like it was .
although now bitcoin looks more like an actual market but moment moment pump still many who assume if there is certain group that move its price.
I think it makes some new users or new adopter think that this is ponzi . but it is not .

[Norwood Daniell]

I suppose they're unaware of what Bitcoin is and what Ponzi scheme is and just follow the bad rummors about Bitcoin.

[Samuel Elliss]

Scammers use Bitcoin's fame as well as other cryptocurrencies' fame to hoodwink unaware people into investing in their system. Those scammers offer extremely high interest rate and a well-above average returns. More lucratively, they promise to pay tip for those attracting others to invest. But all of a sudden, those clever tricksters vanish into thin air. Consequently, the victims blame on Bitcoin for scamming their money and consider it as a Ponzi Scheme.

[Lx2018]

This is because of the way that a great many people did not av principal learning of bitcoin and the exchange capacity of bitcoin as a future money in that sense they miss bitcoin with ponze plot

[ibrahimovic89]

each person a different thinking. No one can think like anybody. bitcoin has changed many lives, so many people got rich. But there are some who have aversion to bitcoin for some reason. As in my country some ignorant people still think bitcoin is deceptive

[Stephen Martinss]

I think it's Bitcoin's dramatic increase in price that leads a bunch of unknown poeple to believe Bitcoin is a Ponzi scheme.

[Donald Regoo]

Bitcoin is obviously a profitable asset and is an open market in which people sell and buy at will. No one pulls the strings behind it. So if one has got the idea that Bitcoin and a Ponzi scheme have something in common then he/she must be anti Bitcoin and lack knowledge.

[hachiman13]

I really wonder to some people who think bitcoin is a ponzi scheme. It has made so many people rich and doing better till now.
But I don't understand the reason behind this type of thought?

THAT is the reason why they think it is a ponzi scheme. Many people get rich and some made their lives easier in a short amount of time that a normal person with zero knowledge of cryptocurrencies assume that it really is a ponzi scheme. We can't do anything for them but to explain why it is not what they think it is.

[Sam San]

I really wonder to some people who think bitcoin is a ponzi scheme. It has made so many people rich and doing better till now.
But I don't understand the reason behind this type of thought?

Do you mean financial pyramid? Actually, most of the assets are pyramids. Imagine the situation, when every single holder will sell his bitcoins, what will happen then? Losses, of course. Non-pyramidical systems don’t work so.

Cryptocurrency in General and bitcoin in particular continue to remain for many completely incomprehensible phenomenon,hence the comparison with the financial pyramid.In fact, cryptocurrency is a virtual means of payment like any currency.

[Joyeeta]

Not many people are familiar with crypto, or digital currency, some people believe it's all fake, and there can't be a digital currency, however within 2 years, they will understand what is crypto.

[Aryadwipanggah]

maybe we can only tolerate the thinking of those who call bitcoin like ponzi, because they have no basis and do not understand about bitcoin