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Author Topic: Why some people treat BTC as ponzi scheme?  (Read 1227 times)
Emilyp
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July 09, 2018, 11:07:38 PM
 #321

I think many of such people lack the knowledge about bitcoin and don't wish to understand how it works. Bitcoin doesn't promise any monthly or weekly return on investment as most Ponzi schemes do, instead those who invest in Bitcoin have to decide when to sell that will profitable and that's the only way to make money from Bitcoin. So the two are not related in anyway.
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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Kobiniki300
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July 28, 2018, 05:06:45 PM
 #322

Well they I just trying to be over conscious and they have a wrong perception
Macon Bargeman
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July 29, 2018, 11:51:04 AM
 #323

No, its not a ponzi scheme. Well,it matters from where you buy the bitcoins and whom you sell them to. Don’t forget bitcoins made millionaire overnight but those who believed in it. If you want to make profit from bitcoin then buy and forget it at least for 1 year. Buy when its low and sell when it go high. Remember one thing you should invest as much as you afford to loose.

You should have faith and patience then it’s not a big deal to make profit from bitcoins.
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July 29, 2018, 11:53:11 AM
 #324

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 so sad to hear that some people think that BTC is a ponzi scheme, for me BTC is not a ponzi scheme because I earn big from BTC and it has changed my life. Maybe some other people are not believing in BTC cause they cannot see theirselves earning in cryptocurrency and they lack of knowledge on how they can earn in BTC. If they open their minds to the BTC and become industrious in finding ways on how they will earn in BTC they will start to love BTC. Like me at first I do not believe in BTC because I cannot see myself on how I will earn from it. But when I give BTC a try I discover that when I do and become industrious in finding ways on how I will earn. It will give me a good profit.

Doesn't matter, those people are uneducated and/or salty, and do not understand what ponzi schemes are.
Zhess Miller
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July 29, 2018, 11:59:35 AM
 #325

 Pyramid schemes work on the idea of trickle-up shares, where you sell something, but someone above you takes a cut, and someone above them takes a cut, until you reach the top where one or a few people are taking a small cut from everyone selling on the bottom. You also get a cut from those under you, and from those under them, continue ad nauseum.
 Bitcoin has no pyramid structure to talk about. Where the gains come from is in the limited supply of the coins, so that the more people who acquire the coins, the more valuable each coin becomes because the supply gets rarer.
mornabo
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July 29, 2018, 12:02:15 PM
 #326

I think many of such people lack the knowledge about bitcoin and don't wish to understand how it works. Bitcoin doesn't promise any monthly or weekly return on investment as most Ponzi schemes do, instead those who invest in Bitcoin have to decide when to sell that will profitable and that's the only way to make money from Bitcoin. So the two are not related in anyway.
Yeah maybe they lack the information about bitcoin, or they hear bitcoin only from the state media, you know that they are very anti with bitcoin, of course they just spread bad news only, we know that there are many types of investments in bitcoin including ponzi, but they can not generalize on bitcoin investments
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July 29, 2018, 11:18:24 PM
 #327

Those who believe that bitcoin is a ponzi scheme do not understand anything in the crypto currency and do not want to understand. It's easier for such people to say something and leave without showing any evidence.

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Nakedbitcoin
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July 29, 2018, 11:47:32 PM
 #328

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?

This people are lack of knowledges about bitcoin, that's is why we can not blame them why they treated bitcoin is like a ponzi scheme. But if we help them to learned about the important information of bitcoin we can assure that this people will realized and remove their fear to invest their money in bitcoin.
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July 29, 2018, 11:55:44 PM
 #329

This is the world, people are allowed to have their own perceptions and ideologies. However, making perceptions with seeking much knowledge about a venture is a great mistakes because you can live to regret. I don't think people will still call Bitcoin a ponzi scheme if they tried to understand the concept of Bitcoin
Testament28
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July 30, 2018, 01:06:19 AM
 #330

Many people think of bitcoin as ponzi scheme. Maybe they were just scared of something that they don't truly understand. Or maybe they were victims of HYIP scams. But if they take a good look of bitcoin, they will see that it is not what they think of it. They just have to learn what bitcoin is all about, by then they will understand its true purpose.
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July 30, 2018, 01:12:29 AM
 #331

Because of its volatility, The price move so fast that you can earn a lot or you can lose all of your money.

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July 30, 2018, 01:13:01 AM
 #332

it is true that there are still many people who consider bitcoin as a ponzi, maybe it's all because of the price bubble, and many people are losing out on it all.
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July 30, 2018, 01:13:17 AM
 #333

People who think bitcoin is a ponzi scheme are just ignorant of the whole idea of digital currency and blockchain technology. People are just confused due to the type of information the media present about bitcoin.
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July 30, 2018, 10:29:16 PM
 #334

It is because they don't fully understand what is Bitcoin and how it works.They easily judge anything without having enough knowledge about what they are talking about. It's easier for such people to say something and leave without showing any evidence.
bitfocus
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July 30, 2018, 10:32:49 PM
 #335

Because they have Zero ideas about Bitcoin, Crypto, The Blockchain, and Investment.
circlesseeker
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July 30, 2018, 11:07:11 PM
 #336

Because treating it as ponzi is easier than doing a proper research.
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July 30, 2018, 11:13:35 PM
 #337

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?
Maybe they don't know totally what bitcoin is that's why many people use it as a pond scheme. And it's very disappointing that they don't even want to understand it or study it about bitcoin. Ponzi scheme will bring you to lose your money be careful.

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July 30, 2018, 11:25:24 PM
 #338

Not all of them really don't know what's bitcoin is. Some of them we're just being wrongly fed by information that is telling them that bitcoin is a scam and that they should not use them. Others already been into the cryptoworld but turned their backs on it when they realized their investment almost gone when bitcoin fell down. BTC has never been a ponzi schem; only those people doing such activity  using bitcoin's name and fame are to be blame and they should be put behind bars.

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kyledavid
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July 31, 2018, 07:00:00 AM
 #339

because they believe that bitcoin is a investment platform but they didnt know that it was a online money or a virtual money which can be use in investing , paying bills or paying anything , like in our country if bitcoin was part of the scam they call it bitcoin as a scam but they don't know that bitcoin was a virtual money . The tv news is really strong in believing people that the bitcoin itself was a scam
thinkabout
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July 31, 2018, 07:17:17 AM
 #340

because they don't know much about btc. they just pay attention on bad aspect of bitcoin
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