r2d2moons
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August 17, 2018, 08:45:19 PM |
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Bitcoin is a pyramid of all coins, without it there would be nothing. And it will always develop. So bitcoin is the head of the pyramid!
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The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
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giacatluong
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August 18, 2018, 06:31:08 AM |
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We can call Bitcoin a pyramid because of its sustainability and never collapse, which can be influenced by many effects that can not be erased. Over many years, Bitcoin has been known for its existence.
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oanhphong
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August 18, 2018, 12:56:42 PM |
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Bitcoins are mysterious codes, many cryptographers are like the mystery of the pyramid and nobody decodes. Solidarity is also a decisive factor in the existence of electronic money.
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CryptoIyke
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August 18, 2018, 08:53:58 PM |
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I had equally same thought as it will become valueless when it eventually has no demand, Bitcoin is solely community based and it's price and huge value is dependent on the increases demand attached to it, this is unlike the fiat currency that it's value is dependent on demand and supply of commodities
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GITcryptomaster
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August 19, 2018, 08:56:06 AM |
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Cryptocurrencies are important and valuable. Distributed blockchain technology, as pioneered by bitcoin, is important. The future of money really is cryptocurrencies, possibly Bitcoin is taking the lead.
I’ve been getting into a lot of discussions with supporters and promoters of bitcoin, who tell me that the price of bitcoin is going up so fast because there is a limited supply and an increasing demand. Their argument is that only a small percentage of the world currently has bitcoin, and that everyone will eventually need to use bitcoin.
It’s true that prices reflect the difference between supply and demand. There is a limited number of bitcoins, and there is a great demand for them, so the price is shooting up. However, what these proponents of bitcoin seem to be missing is the reason for the demand.
It’s clear that the most significant reason, by far, for the massively increasing demand for bitcoin is that people want to own it because they think that it will go up in price. They think it will go up in price because increasing numbers of people are going to want to buy it. The reason that they think that more people will want to buy it is that those people are going to believe that it will go up in price.
I believe that bitcoin will be around in the future, and that it will not go to a zero price. I believe that other cryptocurrencies will come to the fore which are more able to handle the transactional needs of a larger number of people than bitcoin can.
My advice is to pay as much attention to your internal state as possible. Notice the fear of missing out. Notice the panic, the excitement, and the drive promote bitcoin. This is a great opportunity for self awareness. You might want to convert some of your dollars into this currency for fun, but make sure you only convert as much as you would be happy to lose, which for most people is nothing.
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pedangrusak
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August 22, 2018, 03:28:55 PM |
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I really agree that crypto is not a financial pyramid even though there are several ICO projects that have this kind of scheme but in general crypto is not that. crypto grows based on the market mechanism and the community, if the community is very active and continues to grow, the crypto value will be better and vice versa
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audaciousbeing
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August 22, 2018, 07:26:43 PM |
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Unfortunately, the time to start convincing people as to whether its a pyramid or not is over. No matter his much some people have been preached to about religion or God, they still hold the view strongly that its a myth and exist in the figment of those believers imagination. Whether that is true or not does not matter to them. The point of this is that, whatever you believe to be true remains true and whatever you chose to believe as myth would remain so, for every argument to prove otherwise, you come with a counter argument to maintain your position. Its that simple.
Let's stop trying to convince frantically and start moving towards adoption to the vast majority of people who have not heard about it as they are easily convinced than those who have taken a stand already. In a matter of years, the "unbelievers" of would be so small that their opinion won't matter any longer.
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RandyGamage
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August 22, 2018, 08:24:35 PM |
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Your statement is never a reality when it comes to bitcoin. How bitcoin becomes a pyramid system ? I don't think decentralized system never can become a pyramid system. So lets say your statement is a myth .  |
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Dolphin9838
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August 23, 2018, 06:00:30 AM |
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financial pyramid is a financial scheme that has no utility value
for me bitcoin is very useful to save budget when we want to transfer some value of money abroad without a third party
so, for me bitcoin is not a financial pyramid
and the answer to your question is: Myth.
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slaman29
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Livecasino, 20% cashback, no fuss payouts.
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August 23, 2018, 07:06:42 AM |
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Unfortunately, the time to start convincing people as to whether its a pyramid or not is over. No matter his much some people have been preached to about religion or God, they still hold the view strongly that its a myth and exist in the figment of those believers imagination. Whether that is true or not does not matter to them. The point of this is that, whatever you believe to be true remains true and whatever you chose to believe as myth would remain so, for every argument to prove otherwise, you come with a counter argument to maintain your position. Its that simple.
Let's stop trying to convince frantically and start moving towards adoption to the vast majority of people who have not heard about it as they are easily convinced than those who have taken a stand already. In a matter of years, the "unbelievers" of would be so small that their opinion won't matter any longer.
You're right here. There's no convincing of either side in Bitcoin. No turning over people, no bringing them the truth, no matter how hard you try, people's minds were already made up a long time ago. And don't believe it when you see people like Jamie Dimon or Warren Buffet change their minds. They have been misleading people from the very beginning with their words, getting the desired effect so they can move the money in and out of Bitcoin whenever the price fits their mood. If it doesn't fit, they say something to make it fit. |
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Rajamuda
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August 23, 2018, 08:24:56 AM |
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Financial pyramid or whatever it is, for me personally.. I just see that it's an alternative currency that has the potential till envelop the human from time to time in terms of finance which's indeed able to last a long time about its role, with all its technology and its advantages. And well... that's just a myth
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Sunshangxiang
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August 23, 2018, 10:46:16 AM |
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Bitcoin is not a pyramid, but some people describe Bitcoin as a pyramid because Bitcoin is used by some people for other commercial financing, which will have a negative impact on Bitcoin!
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Marcel666
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August 23, 2018, 03:14:32 PM |
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Bitcoin is a purely decentralized cryptocurrency as it is basically controlled by the community.
It can not be referred to as a financial pyramid, unless it is regulated
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okocrypto
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August 24, 2018, 10:23:30 AM |
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If we talk about crypto-currencies in general, it will be more correct to immediately split bitcoin and all other crypto-currencies, the so-called altcoyins.
So, it can not be denied that many ICOs today are forms of financial pyramids.
However, this does not mean that absolutely all alternative crypto-currencies are a fraud. Some altcoyins have a very clear and transparent pricing model. And in fact today, in my opinion, such crypto-currencies as Ether, Dash, Ripple, Litecoin, NEM, Monero and others really create value, and their price is due not only to pure speculation.
As for bitcoin, the fantastic increase in its value in recent times, of course, does not cease to excite the minds of critics, but in reality it's quite simple with him.
The first and most obvious difference between bitcoin and the financial pyramid is that there is no central beneficiary. Theoretically, of course, there are very old wallets with a very large number of bitcoins, which in some sense can be considered such a beneficiary. However, there was no official central beneficiary, and without its presence the pyramid does not make sense.
The second important difference is in bitcoin with the growth of the user base and with the growth of downloaded money, the value grows, because in any economic system this value is directly related to the number of participants in this system. Moreover, given the fact that the volume of the economy is always proportional to the square of the number of participants, and not to the number itself, the value of bitcoin grows much faster than the user base grows, and it is not necessary to talk about inflating a bubble.
And, at last, one more factor is that at bitcoin there are no obligations to anyone. That is, bitcoin never promised anything to anyone, so bitcoin as a pyramid, in general, can not collapse. Bitcoin is only a financial protocol for making, validating and storing information about transactions among network members. The bitcoin code is publicly available, each participant can explore the logic of the entire network, and some participants can not just grab the bitcoins of other participants.
Given all of the above, I can conclude that bitcoin does not fall under the definition of the financial pyramid.
What do u think about what do you think about my thoughts? Do u agree that bitcoin is not a financial pyramid?
Bitcoin is far from a pyramid scheme as can be seen in the way the technology that is behind it is being applied in various fields of human endeavours. Bitcoin can best be liken to a way of life as it meets all the requirements of a currency. Both the price and the value is controlled by the community as this respects the law of demand and supply as well as technical and fundamental analysis. |
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el kaka22
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August 24, 2018, 10:31:09 AM |
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I use to take the look about the bitcoin is revolution of financial service and payment tool. After digital emergence banking corporates really fooling us worst in part with the consumer fee, merchandise fee and etc.
Cryptos are really will not allow others to earn money with your money. You can pay the amount to the other end with the direct deal of the wallet but financial institutions will not allow that to happen.
Yes, bitcoin is gaining its value just because of its application to real-world not just due to promotions nor hype about future value. People do believe that bitcoin will have great future because of it's usage into our daily life and that is the reason they are buying it and making more demand for it. All the commodity in this world are gaining their value based on this concept. This is all the basics of every economics is working. Some commodity will create demand due to its applications and based on its supply it will get its final value. We all must understand that bitcoin is not gaining its value just because of some people are buying and selling it for higher prices than their buying price level. There will be no guarantee that we are going to sell our bitcoin for higher rates than our buying rates. But a typical permit scheme is working based on the assurance of someone will get you more value than your buying levels. This must be the basic difference between bitcoin and other ponzi schemes. We all must understand this fact and we should not compare bitcoin to bubble or pyramids. |
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