Why some people treat BTC as ponzi scheme?

[dancingnancy]

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?

Unawareness is the major issue here. People mostly act
Without having enough knowledge which is the major reason for the widespread hatred towards btc which people believe will lead to loss of money of one indulges in the trading with crypto. Education is one of the ways to solve this issue.

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[thend1949]

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?

People will always judging everything new as a ponzi and they do not do their own research but just listen to hearsay or haters or people bringing btc price down so they can buy it cheap.

Two things, they actually don't know bitcoin and or they are just forced to invest by someone without introducing bitcoin to them. This cannot be stopped because people wants easy money and they think if someone offer a thing like this, they can easily make money. If you really want to invest on bitcoin you should make effort on studying this thing and don't depend your decision to someone you don't fully know.

Different opinions, increasing controversies, lack of knowledge and more are the agitating factors that can change the mindset of the people and think that Bitcoin is a ponzi scheme, and these can't be controlled. To reduce the level of misconceptions I think what we can do is to spread good information about Bitcoin, positive news, success stories, and share it to others in a positive manner.

[Mujensirio]

because it can be a bubble

[Tylev]

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?

The Ponzi scheme is a financial pyramid, in which each subsequent participant makes contributions and allows earning the previous one. Ultimately, the last members of this community cease to make their contributions and the entire pyramid collapses. Bitcoin has never been and will not be a financial pyramid, but it has its own problems with the bubble. Many people, wanting to get superprofits by sharply increasing the cost of bitcoin, invest in it and therefore it grows in price. However, at large price values, bitcoin may fall sharply in price due to a possible panic among investors, if negative information appears and the nervous will start selling their bitcoins. In this very large risk of investing in bitcoin, when it very much rises in price.

[markleal]

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?

Hi there ClaytonLWils! The just not think of it as a ponzi, there are true company who use bitcoin as ponzi. What just happened is the bad things seems truthful than the real thing. That is a human instinct, even a good person who dedicated his live for years of good doing, if even for a day of wrong action. People will eventually judge him as a bad person. The same thing happened to bitcoin. But the truth is, most of the transaction in the early days of bitcoin fall under illegal activities, and there are a lot of company who took advantage of it to earn more by conducting illegal schemes. 

[daniel2023]

People think that it is a ponzi because they do not know what it is all about. I never believe that Bitcoin real till a friend of mine that is into it explained to me; what it is and how i can invest there and make money. Now, i am the one spreading the news of it.

[jpespa]

Because people always think that earning easy money on bitcoin is not possible so they close their mind and conclude that bitcoin is a ponzi while in fact bitcoin was just used as a currency by the ponzi creator.

[zolfa]

yes, that's because every people different to understand bitcoin, even fools who do not understand bitcoin also talk about bitcoin, so I think the stupid better keep quiet. so that does not cause ambiguous understanding.

and I think some books created by crypto world figure about bitcoin, can be literature to understand bitcoin. because if it is wrong to interpret bitcoin, then bitcoin will be considered a threat.

[Daboy_Lyle]

They treated btc as ponzi scheme because they're just careful and wants to avoid scam.
What is ponzi scheme?
A Ponzi scheme is a fraudulent investment operation where the operator provides fabricated reports and generates returns for older investors through revenue paid by new investors, rather than from.
Soucre: https://en.m.wikipedia.org/wiki/Ponzi_scheme

[Dreamchaser21]

Because people always think that earning easy money on bitcoin is not possible so they close their mind and conclude that bitcoin is a ponzi while in fact bitcoin was just used as a currency by the ponzi creator.

They probably think this is a scam simply because the news always make it public when its all about scam and people think bitcoin is a whole investment scheme that can make their money lose. We can still share our knowledge about cryptocurrency so people will come and believe that bitcoin is a good investment.

[Jay Jay crypto]

Some people .has blasted bitcoin as a "gigantic ponzi scheme" commonly used for the funding of terrorism and promised Labour would regulate cryptocurrencies if elected.

[badakjawa]

this is an old topic, question about ponzi appear after the ICO Ponzi like onechain. so, every member asking about Ponzi, do you know MMM business?
I think that pozi scheme like MMM system. but bitcoin is not ponzi. bitcoin follows the crypto market kurs.

I'm afraid if there are still many people who see that bitcoin is ponzi, then it will have a bad impact on bitcoin.

[ladydark]

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?

Some even think it as a pyramid scheme too because they actually don't know about bitcoin.

[Goodday]

Bitcoin is a digital asset instead of a ponzi scheme and not a different scam with a ponzi scheme is a fraudulent investment designed to separate investors.

[weiweianll]

Because people who do not understand BTC only saw the high profits of BTC!
They can't understand blockchain and cryptocurrency! They are not evil, nor are they enemies. They are just ignorant and short-sighted.

[njmulhsn]

The reason for people to believe in bitcoin being a ponzi is the volatile nature. Its up one minute and the next minute it is on an steep downward slope. In simple they have no insight into whats happening around.

[nicksnn]

they did not understand the blockade and the crypto currency and are angry when others make money on it, but they do not

[shampapk1988]

I think these people without knowing much about bitcoin invest into bitcoin and then trade like fools and lose their money. Then they say that bitcoin in s ponzi scheme. I will tell everyone to do thorough research on bitcoin before investing into it.

[joebrook]

The reason for people to believe in bitcoin being a ponzi is the volatile nature. Its up one minute and the next minute it is on an steep downward slope. In simple they have no insight into whats happening around.

Though they are wrong it seems there is a little truth to it. People invest when the value is low and they wait for others to invest again and the price starts to go up and they immediately sell to the extent that it goes downhill and then they start tuto whole thing again.

[13risingforce]

It seems because bitcoin is too anonymous but has a very high value. One speculates in such a way that one is that bitcoin is a ponzi scheme.