People call bitcoin a fraud or ponzi scheme

[beatzcoin123]

bitcoin isn't a promzy scheme and doesn't have any feature of a promzy scheme, yes because i was a victim of a promzy scheme scam back then and from experience, i know how it works, and it's no way near how bitcoin is run, in a promzy scheme, there is a centralized account where members pay into, in other cases, members donate funds to one another within a given time frame of say 3 weeks, expecting a profit on investment of say 30%. Now bitcoin has no features relating to any of these, so calling bitcoin a promzy scheme is totally unreasonable.

[killat]

People calling Btc fraud or ponzi don't understand how Btc/blockchain works or are just frustrated for not being early adopters.

Price might fluctuate a lot, but that neither ponzi or fraud, it's just volatility. History has proved that there are ups and downs . As long as there is nothing preventing the crypto currency from going bankrupt there is a good chance it will break ATH again , but it could take as long as 2022.

[BlockchainGod]

I think people who say that bitcoin is a Scam just don't understand how the blockchain technology. Bitcoin TECHNICALLY may not be fraudulent.

[thenameisjay]

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.

I'm actually sad for the people who call bitcoins a scam or a ponzi scheme. They don't know what they're missing because of their ignorance of the fact that bitcoins are indeed a good avenue to invest your money to. We can't blame these people but we can blame mainstream media for polluting the minds of these people.

[Vaflia]

I think people calling bitcoin a Scam are just spreading FUD and we should not pay attention to them.

[mriansa]

I think that is just the mindset of people who do not know correctly how this bitcoin can be created and how the circulation of bitcoin, which says bitcoin ponzi scheme means they do not know the real bitcoin.

[Kuchiyose]

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!

All things that are shocking will make self-interest for investor investors who believe that Bitcoin will not be easy to destroy.

[Nikita911]

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!

All things that are shocking will make self-interest for investor investors who believe that Bitcoin will not be easy to destroy.

Bitcoin will be live foreve!

[Nikita911]

I think people calling bitcoin a Scam are just spreading FUD and we should not pay attention to them.

I agree with you. Bitcoin is it exellent system

[sukoyomi]

it is true that many people who judge bitcoin is a place of fraud, because there are many frauds here. bitcoin is free trade. therefore trading with cryptocurrency requires intelligence and high experience.

[Nikita911]

I think that is just the mindset of people who do not know correctly how this bitcoin can be created and how the circulation of bitcoin, which says bitcoin ponzi scheme means they do not know the real bitcoin.

I agree with you. equating bitcoin with stupid fraudulent schemes is a blatant stupidity. It is enough to go a little deeper into and learn the basics of blockchain and immediately it becomes clear how stupid objections are voiced by critics of bitcoin.

[Nikita911]

it is true that many people who judge bitcoin is a place of fraud, because there are many frauds here. bitcoin is free trade. therefore trading with cryptocurrency requires intelligence and high experience.

Scammers are people. Bitcoin is not a fraud. Scammers are also many in fiat currencies. In order to deceive people, there was no need to invent bitcoins.

[adjudicator]

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.

There are still people that believe that bitcoin is a fraud, we cannot blame them because we does not know what are the things that they experienced. Like if they are a victim of a scam because of the abusive people that used the name of bitcoin to fraud others.

[kimhospital]

Excessive price change and rapid change will always be attractive to investors! These people do not even know what it's doing. They only hear stories about people making money and just scam

[Muspion]

who say the bitcoin ponzi scheme means they don't know the true bitcoin and that is just the mindset of people who don't know how bitcoin can be made and how the circulation of bitcoin

[Zainal-baguz]

if I think bitcoin has absolutely no fraud, bro. even if we buy bitcoin and we already have the item and we want to sell it whenever it's up to ourselves bro .

[Lorin]

People easily judge  bitcoin as fraud or ponzi scheme just to discredit the true meaning of bitcoin.  They dont have enough knowledge about bitcoin .  People  only rely on what they heard doesnt even seek the true meaning of it or how it can help to many.

[zitbau]

That's just the opinion of a person, I really do not care about this. I see it as a good opportunity for me to profit. Bitcoin simply provides an opportunity for us to invest and many people have the opportunity to profit or lose. That depends on the price of bitcoin. It's not a scam.

[marcbitcoins]

That is there opinion but the truth is it was not. If fiat currency can be used in fraud and ponzi scheme then it was the same of Bitcoin currency that it can be use to steal money from people too in which the same currencies but not the same platform. Bitcoin is not a scam, fraud or Ponzi investments but it was just the bad people who used Bitcoin platform to scam the people.

[reality18]

People call Bitcoin fraud or ponzi scheme because they lack understanding in the actual concept of Bitcoin and the Blockchain technology. Most of these people are affected and carried away by the false news coming from the governments. It is the duty of every crypto user to keep spreading the good news (concept and significance) about Bitcoin and the entire crypto space to the people.