People call bitcoin a fraud or ponzi scheme

[nareal109]

Because they have no knowledge about blockchain and cryptocurrencies. They never research about BTC, just crowd psychology in my opinion. Do not waste your time about any people who can't answer "What is blockchain?".

[Dadaro]

there is this quote that really describes those people. "people hate what they don't understand" they can't see the potential of cryptocurrencies, especially the many application of its's underlying technology which is the blockchain. it can even replace the internet they know in the near future.

[BeGoods]

People view it that way that’s the way they think about bitcoin because they probably don’t know how they can be benefited or just got affected bt their loss and can’t move on or they just hate it. They are entitled to their own opinion but I don’t have to be affected by them.

People judge from what they hear and if they only hear abut bitcoin from just one source like the government media of course they will always talk negative about bitcoin, because what they hear is only about that? you're right they just don't know how profitable it is to invest or use bitcoin. there are many who profit from bitcoin investment and this is not ponzi let alone fraud? the risk of loss will always be in every investment right?

[regadly]

I think bitcoin is an instrument. It determines the measure of the technological product. Everything new causes both supporters and the enemy to promote or stop.

[Frallen]

Bitcoin is a ponzi scheme, but where is fraud? If blockchain excludes it.

[Kb4real]

Because they are ignorant and lack proper prowess to make a good research on their own to determine if a project is hood or bad.

[abojamal]

Anyone can call it ponzi scheme and fraud but if you think of it, everything worldly is fraud. You buy apple products with thousands of dollars but how much are they really worth? Why would people give out thousands of dollars for a macbook when they can buy a laptop for $300? Is it really worth that much or is it just another ponzi scheme that apple is bringing to the world better gadgets than any other brands? So we're talking about bitcoin now. What are we really paying for when we buy bitcoin? We pay for an online program and the people running the program helping transactions go through, or we call mining. Miners put in so much time and most especially the cost of mining is so much. That is merely the reason why bitcoin will cost much and if incase it will dive too low and will not be enough to pay for miners, then that could be the time bitcoin will die, or not.

Everyone sees it according to his personal experience
Some of them lost a lot and were affected by this and had negative impressions
Some of them are influenced by the traditional media and attack at bitcoin
there are earn a lot and still earns and of course will be positive impressions
But few people look at it impartially and analyze it deeply
Especially for blockchain  technology and its applications.

[esetop01tryba]

That's funny ! Bitcoin and its blockchain technology is unique and unrepeatable ! Perhaps it is called by those who bought it at a sweet price !

[Google+]

yes you are right at this time there are so many new traders who get scam and get stuck in ponzi schemes that make them suffer a lot of losses should these new traders be smarter and be careful to choose a place when they want to invest or buy coins.

[delegend]

That is exactly what lack of knowledge and information can cause,information is power.the world at large needs to be enlightened particularly about bitcoin..they have no knowledge or little knowledge about bitcoin hence suspicion is inevitable.its a challenge on forum members to take the challenge and educate people on it .within any means available to them.

[gesdan]

when you buy an electronic I think from the main part we can see that the price is same with cheap one, like $1000 MacBook price have the same price with $600 but you will get different user experience, in Ponzi scheme in bitcoin and cryptocurrencies it has a different situation, if you join the HYIP or investment program that will make you doubled your money its totally Ponzi, why? the developer will take your money when they got big amount of money

[EoNs_COIN]

because they dont understand it

[bitfocus]

yes some people call bitcoin fraud or ponzi, but they actually has zero idea about the total facts.

[isllander]

Personally for me, bitcoin is a new time. It makes you be attentive to what is happening in technological life. Learn new opportunities and risks, and learn.

[Dondisimo]

Why listen to people who say stupid things? I believe in bitcoin because I understand its technology and principles of its activity. And for this reason, I can not call it anything fraudulent.

[jaydenbox]

These people have no idea how bitcoin works then lol, its better to explain to them the whole blockchain and how the prices are made.

[boy130]

The kind of people who spread these rumors are those who themselves don't know anything about Bitcoin or crypto in general apart from the selective press news. So don't listen to them people.

[drukoz2]

Yes, there are really people who do not believe in bitcoin and for some reason they are trying by all means to inspire this idea to everyone around. But I prefer not to listen to these people, because I am absolutely sure they are wrong.

[bigboyd]

I do not approve of it. That is the opposite of that idea. Because bitcoin is widely recognized. It's a popular coin, bitcoin is a good investment. There is a good future: bitcoin seems so successful today. It's worth it for around $ 20000 in the best example of the year. It's worth the price today, but this will undoubtedly increase here in the future. Do not be fooled by foolish ideas. You do not have to be scared. Invest in bitcoin today.

[prj112031]

Anyone can call it ponzi scheme and fraud but if you think of it, everything worldly is fraud. You buy apple products with thousands of dollars but how much are they really worth? Why would people give out thousands of dollars for a macbook when they can buy a laptop for $300? Is it really worth that much or is it just another ponzi scheme that apple is bringing to the world better gadgets than any other brands? So we're talking about bitcoin now. What are we really paying for when we buy bitcoin? We pay for an online program and the people running the program helping transactions go through, or we call mining. Miners put in so much time and most especially the cost of mining is so much. That is merely the reason why bitcoin will cost much and if incase it will dive too low and will not be enough to pay for miners, then that could be the time bitcoin will die, or not.

well we all know that is not true we earn we invest, it will depends on how we see the meaning of bitcoin and existing of bitcoin, we dont care what everybody tell negative about bitcoin.