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hawkins
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September 17, 2018, 07:56:51 AM |
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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.
Yes some people call bitcoin a fraud because they have been looted online by some jerks that's why they curse bitcoin . Its not true that bitcoin is fraud it's just because some peesons associated with bitcoin fraud peoples and they think all this is happening because of bitcoin . well, from the many scams that are called cryptocurrency, I think that is a natural thing. even when they have collected millions of dollars from crypto or bitcoin, they sometimes cheat investors. so this news spread quickly, and many people think like that. |
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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mjloulie
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September 17, 2018, 09:24:56 AM |
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The reason behind this is because many people uses bitcoin to scam people. Especially nowadays that many people are interested to invest in cryptocurrency. Scammers took advantage of it just to get money in the expense of others. That is why we have to be very careful in joining any investment scheme especially in social media to avoid fraud and ponzi scheme, proper knowledge will be a big help.
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gamechangers
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September 17, 2018, 04:21:12 PM |
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Bitcoin is not fraud and neither is it a ponzi scheme. This is one of the things people who are ignorant of what exactly bitcoin is often say. Comparing bitcoin to an iPhone or MacBook is absurd because bitcoin has appreciated in value over the years and his iPhone will always depreciate once you own it.
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Austino1
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September 17, 2018, 05:03:11 PM |
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You know this' a free world and can say what they felt like but the truth remains that bitcoin is not a ponzi scheme. Maybe is a fact that they are misinformed about bitcoin.in my summary bitcoin is not ponzi and it is far better than ponzi scheme
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muneeb.zain
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September 17, 2018, 05:12:23 PM |
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As there are every type of people around us.So their are many scams and frauds done to the middle and lower class so in their sight of vision bitcoin is also a scam.They have bear a lot of things in their limited income and some fraud them by saying that your money would be doulbed and then flew away so they also call the bitcoin so sort of the same thing.
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ahmedraza78692
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September 17, 2018, 05:35:06 PM |
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how much price
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best ever
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September 17, 2018, 06:34:31 PM |
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It is absolutely true that everything around us can be called a Pyramid or a Ponzi scheme. Pension system, banking system, currency system of Fiat money, credit and Deposit in the Bank. Generally any system where there is money, can be considered scheme fraud. The only question is legitimate is fraud or not.
Your point of view seems to be something which is very unusual but I do understand you well. yes, everything around us can be called a Ponzi scheme, and the crypto as well but I believe in it. |
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RomanPetrush
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Join @Bountycloud for the best bounties!
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September 17, 2018, 06:36:32 PM |
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People don't know what will happen soon. As we have to prepare ourselves to the big pump, only because so many banks and services accepting bitcoin and other crypto.
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zheniasom
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September 17, 2018, 06:51:26 PM |
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People called bitcoin as a fraud or ponzi because they don't understand about bitcoin, they only make their own conclusions without learning the true of bitcoin, if those people want to take their time to learn they will notice that bitcoin is totally different, some of them only know bitcoin from the media, so they only know the surface of bitcoin! Yeah there are still people that call bitcoin a ponzi, bubble or whatever they like because they have either bought at peak and sold in panic for loss or they never got chance to ride the bitcoin train Grin.
The one who are making good money with bitcoin trading and investment will always love this technology which gonna disrupt whole world's financial system.
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Raggie
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September 18, 2018, 01:59:13 AM |
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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, i think if bitcoin was a scam from the beginning, it wouldn't exist for now because everyone would not trust bitcoin anymore. But what i can see now, bitcoin is being used by most peoples who know about crypto. Either as a currency to pay something, or to trade it on the market. |
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BlackRacerX
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September 18, 2018, 02:27:20 AM |
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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.
It's already a common thing for bitcoins to be associated with ponzi schemes or a fraud. I hope you're already used to it. But in reality, however, bitcoins are actually a legitimate currency floating around in the internet. It's the people who actually use to somehow scam people into thinking they can make your money boom like any investor would say. |
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Angna27
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CRYPTOBLADES Octoblades 10.10
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September 18, 2018, 02:46:04 AM |
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Well..may be those poeple who call bitcoin fraud or ponzi scheme are the people who who never experienced what bitcoin truly is, or those people who have gone through bankcruptcy becuase of it.. there are indeed many reason for people to doubt it as many reason also for those who tried it and believe and succeed eventually.
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Tahir460pk
Jr. Member
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Activity: 308
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September 18, 2018, 02:47:59 AM |
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I don't think so that bitcoin is a fraud or ponzi scheme only some people's who are new or maybe they believe on rumours that's why they think if we go back few month's ir year's than conclude how bitcoin improving himself.
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GigTricks
WORLD FIRST INTEGRATED FREELANCE & ON-DEMAND ECOSYSTEMS
WHITEPAPER | BOUNTY | ANN THREAD
www.gigtricks.io
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Dimas99
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September 18, 2018, 03:50:45 AM |
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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.
many people who think negatively for bitcoin and other crypto currencies in my opinion if investors already understand all the risks and benefits of investing they certainly will not think bitcoin is a fraud |
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Rasmus_hunter
Jr. Member
Offline
Activity: 46
Merit: 1
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September 18, 2018, 03:57:15 AM |
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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.
Big players make large amounts of bitcoin volatility. They will not allow the mining to cease to yield income. This would mean that you can no longer receive money from Bitcoin. |
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bp.comp69
Member
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Activity: 180
Merit: 10
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September 18, 2018, 04:03:33 AM |
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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.
the fact is that everyone has the right to their own opinion, they call Bitcoin a ponzi scheme does not change anything about Bitcoin originality. People like that don't have a little knowledge about how Blockchain technology works, they need to be enlightened |
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Rasmus_hunter
Jr. Member
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Activity: 46
Merit: 1
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September 18, 2018, 04:03:54 AM |
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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.
many people who think negatively for bitcoin and other crypto currencies in my opinion if investors already understand all the risks and benefits of investing they certainly will not think bitcoin is a fraud Bitcoin is not scam. Bitcoin is interesting system |
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Rasmus_hunter
Jr. Member
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Activity: 46
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September 18, 2018, 04:09:58 AM |
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Bitcoin 10 years deserved our trust.
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hdtqisg
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September 18, 2018, 05:02:58 AM |
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This time, it is difficult to say and evaluate Bitcoin accurately as "bitcoin a fraud or ponzi scheme". But excessive price increases and rapid changes will always be attractive to investors!
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Rune
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Activity: 1229
Merit: 1001
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September 18, 2018, 05:18:12 AM |
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Of course people call it a scam and ponzi scheme it sounds like it you put in a bunch of money and get a bunch back thats all people know about it.
These people don't even know what it does they just hear stories about people making money and are just yea right scammmmmm.
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