Don't buy bitcoin because it won't be fine

[fxsurfer]

Short video summary of the argument: https://youtu.be/wQJCL4s2GH0

In a fraudulent investment scheme, like Ponzi, investors transfer their utilizable resources, be it money, goods or services, and then they end up with something which has zero utilization capacity, like promise or non-binding record of investment. After the investment, the only possible way for them to get utilizable resources back is if new investors join the scheme and in that way bring such resources with them.

The opposite is true in a legitimate investment business, where investors transfer one type of utilizable resource and in return they receive another type of such resource. An utilizable resource is anything that can be practically utilized by humans. For e.g. a car can be practically utilized for driving, a dollar for loan payments, a stock for participation in company's profitability, food for providing nutritional support, a raw material for producing finished products etc. Hence, an utilizable resource is not something that is just passed from hand-to-hand on a market for investing or speculation purposes, but something which has end consumers who will consume, utilize or otherwise put the thing to practical use. And this practical use by end consumers is why things got to the market in the first place. For e.g. dollars got to the market because they have end consumers in the form of borrowers the same as food has such consumers in hungry people. In other words, loan contracts and collaterals force people to use dollars for loan payments the same as hunger forces people to use food. Since all dollars (either paper or digital) are loan based, they are not just passed from hand to hand, but also utilized by borrowers who are forced to give goods and services to dollar investors, speculators, or regular users, when loan payment liability must be fulfilled. In the same way, hungry people are forced to give money, goods or services to food producers.

In a fraudulent investment scheme there are no end consumers, which is why a thing that lures members into the scheme is just passed from hand-to-hand, from member-to-member... until it is realized that the only profit can come from utilizable resources invested into the scheme.

And this finally brings us to bitcoin and the following question. When investors transfer their utilizable resources like money, goods or services into bitcoin do they end up with another utilizable resource, i.e. a resource which can be utilized by some end consumer? Well, the obvious answer is: no, they do not. Instead, they end up only with a record in a table (blockchain) or in other words, only with a number associated with their bitcoin address. And this number cannot be practically utilized like food is utilized by hungry people or dollar by borrowers, but it can only be passed from address-to-address, from hand-to-hand,  from member-to-member. And this is exactly how classical fraudulent schemes operate - they use something to lure people into the scheme, but the thing itself is non-utilizable, which is why it is just passed from one person to another. Once people realize that profit or utilizable resources can come from new investors only, the whole scheme collapses. And this is the ultimate fate of bitcoin. So, do not buy it.

Update 1:
I see a lot of posters are unable to differentiate between the terms "usage of bitcoin" and "transfer of bitcoin". "Using" X is not the same as "transferring X". If I say that iPhone has a use, that mens it is used as communicating device, music player, gaming console, camera, and so on. If I say that dollar has a use, that mens it is used by borrowers for fulfilling their loan obligations - which is the reason it came into existence in the first place. Passing iPhone or dollars from hand to hand is not usage - it is transfer. Nearly everything that is in existence has the capacity to be transferred from one person to another, either electronically or manually.

However, that does not mean that everything has the capacitly to be used, consumed or practically utilized for satisfying human needs. And it is the capacitly to satisfy human needs why things are produced and why they came to the market in the first place. For e.g. there are lots of people who have needs to consume goods or services they don't own. But how can they get them? Well, by borrowing them, with the implied or expressed intention of returning them back in the future. And here is where the banks kick in with their product - dollar. Dollar is produced by the banks to satisfy needs of these people. Its main feature is that it is composed of two crucial parts: contract and collateral. These components guarantee that borrowers who traded produced dollars to people for their goods and services, return goods and services back to them, which happens every time their contract obligates them to make loan payments.

Hence, dollar is product like food or clothing, with the capacity to be used, consumed or practically utilized by its end users - borrowers.

Bitcoin on the other hand has no such utilizable capacity - it cannot be used, which is why it can only be transferred - i.e. passed from address-to-address, from hand-to-hand, from member-to-member. In other words, in the bitcoin circulation chain, nobody is able use bitcoin, like in the case of dollars, goods, services and similar utilizable resources..., which is why such resources can be obtained from new investors only. And this is the definition of a classical ponzi or pyramid scheme.

[1715652844]

1715652844

[MohamedJones]

You've just indicated the reasons it's called invisible money. Of course it has no physical existence, nor has no common document. It's just your wallet and the number of your coins. That's why it's easily decentered and can be kept anonymous.

[Asger223]

I agree with you. Money and assets are utilizable resources,while payment system is meant to transfer utilizable resources from one party to another. Bitcoin on the other hand is a mere record of the fact that investors handed out there utilizable resources in a Classical Ponzi scheme.

[Gloverwrt]

only with a number associated with their bitcoin address. Since this number cannot be practically utilized like food or dollar, that means that investors engaged in a one-way transaction.

The dollar or any other fiat currency can not be practically utilized but are assigned a value by the banking sector of their country of origin. The dollar has no intrinsic value, no equal effort is put into making it, $5 cost as much as $100 bills.

Bitcoin is also a currency which is assigned a value, not by the banking sector but by the community as it is decentralized. And this value is designed to be higher than the cost of production.

The problem lies in the fact that you see BTC/USD pairs on exchanges, and it appears to be pegged to the US dollar.
With increased adoption it would gain more practical use and can be easily pegged to commodities or labour.
Of course there are limitations to such level of mass adoption, but that doesn't make it a ponzi scheme or a one way transaction protocol.

[jseverson]

This finally brings us to bitcoin and the following question. When investors transfer their utilizable resources like money, goods or services into bitcoin do they end up with another utilizable resource, i.e. a resource which can be utilized by some final user? Well, the obvious answer is: no, they do not. Instead, they end up only with a record in a table(blockchain) or in other words, only with a number associated with their bitcoin address. Since this number cannot be practically utilized like food or dollar, that means that investors engaged in a one-way transaction. Now the second question. Once investors engaged in such transaction, how can they retrieve utilizable type of resources back? Well, you guessed it right. The same as in a classical Ponzi scheme or any other fraudulent investment business - new investors must step in and engage in a one-way transaction like they did.

Therefore, bitcoin is neither money nor asset nor payments system. Money and assets are utilizable resources, while payment system is means to transfer such resources from one party to another. Bitcoin on the other hand is a mere record of the fact that investors handed out their utilizable resources for free, just like in a classical Ponzi scheme.

Umm...what? You do not just get a record, you actually get spendable coins, which is a utilizable resource on its own. Everything is a series of one-way transactions, even traditional cash payments (you give them money, they give you what you pay for), so why are transactions in Bitcoin any different?

The way you're trying to tie it up neatly to a bow as a ponzi is a reach, too. Ponzis lure investors, and use the new investors' money to pay out old investors. Bitcoin has no payouts whatsoever -- it utilizes the simple concept of supply and demand to gain value. It has nothing to do with handing out utilizable recources, for free or otherwise.

[Herbert2020]

you can play with words all you like but that will never change any facts about bitcoin.
bitcoin matches the definition of a currency, a medium of exchange and a payment system perfectly well https://en.wikipedia.org/wiki/Currency and it has been designed to do that in a decentralized manner and has been doing exactly that in the past 10 years.

[Marcel555]

The world is gradually shifting towards digital currency and a cashless society. In before the advent of bitcoin and the blockchain technology.
Calling bitcoin a ponzi scheme or a one way trip transaction is an ill advised statement.
Bitcoin has been recorded to be used to purchase a real estate property. It is accepted in some online and offline stores by merchants as a payment option. And it is even encouraged as some offer discounts in bitcoin payment. This for me is utility.

[odolvlobo]

.. a one-way transaction

I perform a one-way transaction sending bitcoins to APMEX and they perform a one-way transaction sending gold to me. That sounds a lot like money.

[coinwizard_]

I transfer money from my card to amazon in a one way transaction which is recorded on my statement. No physical cash is moved, all digital. Bitcoin is what we will be transferring in future

[talkbitcoin]

now you are just showing your desperation in the market regarding the price, specially since you copy pasted the same bullshit in another topic with the title Don't buy Bitcoin because it won't be fine.
it is really sad how some people don't know how to make profit and have to succumb to these methods

[anafiene]

Basically, bitcoin has a very good development and continues to provide good points for its holders, if it is able to manage bitcoin then the results obtained also do not disappoint, all this depends on those who buy and manage it.

[samlaode]

Each person will have his own idea and make it perfectly reasonable as well as investing in Bitcoin or should not invest in it. Analysis then opinions and reasons given to the market crypto. Bitcoin plays a major role does not seem to work. Bitcoin always goes against all the rules of the currencies that people are using. I believe in Bitcoin and i will invest it because i realize that is the engine. Assembly is larger than any other area.

[@rt27]

That's your opinion but my opinion even I don't have enough money to buy bitcoin I will choose to believe that it will rise again. Did you know that recovery is real? In due time bitcoin and altcoins will recover again no matter what will happen in the market. It takes time before it will happen.

[fxsurfer]

only with a number associated with their bitcoin address. Since this number cannot be practically utilized like food or dollar, that means that investors engaged in a one-way transaction.

The dollar or any other fiat currency can not be practically utilized but are assigned a value by the banking sector of their country of origin. The dollar has no intrinsic value, no equal effort is put into making it, $5 cost as much as $100 bills.

Bitcoin is also a currency which is assigned a value, not by the banking sector but by the community as it is decentralized. And this value is designed to be higher than the cost of production.

The problem lies in the fact that you see BTC/USD pairs on exchanges, and it appears to be pegged to the US dollar.
With increased adoption it would gain more practical use and can be easily pegged to commodities or labour.
Of course there are limitations to such level of mass adoption, but that doesn't make it a ponzi scheme or a one way transaction protocol.

The dollar or any other fiat currency is practically utilized every day when loan payment liability must be fulfilled and borrowers are forced to give goods and services to dollar owners.

[timotron]

Hi, very good text about Ponzi scheme!

But I think Bitcoin does not fulfil those attributes.

Bitcoin has a use, more than one.

I disagree with your opinion.

[SoiledDove]

With regard to fiat, money is a huge confidence trick and the banks are the ones who play this trick. If I put $20,000.00 in the bank, it's not lying in the bank waiting for me to come and take it back. It's being paid in loans to the public and salaries to bank employees. The banks are just fooling us. So what you've just told me is that crypto currency which is simply a record, has no real value. Well, if everything is kept on the ledger and it's impossible to cheat, how come hackers can steal my crypto currency? Can't Blockchain technology come up with a solution to hackers? Just asking.

[fxsurfer]

Hi, very good text about Ponzi scheme!

But I think Bitcoin does not fulfil those attributes.

Bitcoin has a use, more than one.

I disagree with your opinion.

Name just one, please.

[darkangel11]

Hi, very good text about Ponzi scheme!

But I think Bitcoin does not fulfil those attributes.

Bitcoin has a use, more than one.

I disagree with your opinion.

Name just one, please.

I can name a number of them.

A way to transfer value between users cheap, fast, traceable and without a way to charge back, which IMO is great. Let's forget for a moment that at this stage most of us had to buy BTC at exchanges. This is still an early stage, a spot where companies like Apple and Microsoft were in the early 90s. When we reach a point where most people know about BTC and have an ability to receive a payment, it will create huge new opportunities.
You want to bid at an auction overseas and have no local currency, or it's Saturday, or it's a bank holiday, whatever,. You just call them and send BTC. They get it within 10 minutes.

You want to move money from one country to another but your local laws prohibit you from taking a lot of money with you. If you took cash it would get confiscated. If you take a credit card you will have to pay fees. So you take BTC, which has no fees and is impossible to detect. You can move it around in the memory of your smartwatch if you want to.

Your country is financially unstable and you want to store value somewhere. You could buy gold but it's heavy and difficult to carry. It's also undivisable and you can't pay with it. Choose BTC!

You want to gamble, but in your country it's illegal. Fine, but they're also not allowing you to gamble outside the country, which IMO goes against basic human rights. You can always gamble with BTC, which they aren't able to control.

If in your view BTC doesn't have its uses then payment systems like visa, paypal, WU, also don't. BTC gives you full control, which is priceless in today's world.

[bob123]

It's quite funny to look at your posting history. So much posts with zero substance, all contra bitcoin.

May i ask why you waste your time by posting into this forum if you believe bitcoin is 'ponzi' and 'scam' ? Isn't your time more valuable than wasting it here ?
It's not like you are achieving something with it..

I don't know why you are posting so much bullshit (maybe bought at 20k ? Or lost all of your coins because you didn't manage to write down a seed ?), but letting your anger out here is just sad.
Especially because all of your posts don't even make sense.

If you are trying to attack bitcoin.. at least use arguments with substance.

Bitcoin has a use, more than one.

Name just one, please.

Trustless and worldwide transfer of value without a middlemen.

[Valer4ik]

There is an assumption that in December we can also go to 4k.

And about the use of the cue ball as a means of payment, it turns out interesting. A year ago, many PP rushed to add a cue ball as a means of payment, as well as payments to my mother. And now somehow everything smoothly removed this function ... I don’t really like it.

[fxsurfer]

Hi, very good text about Ponzi scheme!

But I think Bitcoin does not fulfil those attributes.

Bitcoin has a use, more than one.

I disagree with your opinion.

Name just one, please.

I can name a number of them.

A way to transfer value between users cheap, fast, traceable and without a way to charge back, which IMO is great. Let's forget for a moment that at this stage most of us had to buy BTC at exchanges. This is still an early stage, a spot where companies like Apple and Microsoft were in the early 90s. When we reach a point where most people know about BTC and have an ability to receive a payment, it will create huge new opportunities.
You want to bid at an auction overseas and have no local currency, or it's Saturday, or it's a bank holiday, whatever,. You just call them and send BTC. They get it within 10 minutes.

You want to move money from one country to another but your local laws prohibit you from taking a lot of money with you. If you took cash it would get confiscated. If you take a credit card you will have to pay fees. So you take BTC, which has no fees and is impossible to detect. You can move it around in the memory of your smartwatch if you want to.

Your country is financially unstable and you want to store value somewhere. You could buy gold but it's heavy and difficult to carry. It's also undivisable and you can't pay with it. Choose BTC!

You want to gamble, but in your country it's illegal. Fine, but they're also not allowing you to gamble outside the country, which IMO goes against basic human rights. You can always gamble with BTC, which they aren't able to control.

If in your view BTC doesn't have its uses then payment systems like visa, paypal, WU, also don't. BTC gives you full control, which is priceless in today's world.

If I say that iPhone has a use, that mens it is used as communicating device, music player, gaming console, camera, and so on. If I say that Dollar has a use, that mens it is used for fulfilling loan obligations - which is the reason it came into existence in the first place. Passing iPhone or Dollar from hand to hand is not usage but transfer. And transfer is performed via infrastructure that has nothing to do with iPhone or Dollar. If I make a bet and win iPhone or dollars this is also not usage, but transfer of an item from one person to another. Hence transferring, moving or gambling with bitcoin is not the usage of Bitcoin. So, I will ask again: how Bitcoin is used?

[eternalgloom]

So you're just going to disregard all the technical features of Bitcoin that offer a wide range of use-cases?

What about time-locks? Tell me how you can time-lock fiat currently, so it cannot be spent for X amount of days or years?
Then, lightning network and atomic swaps. Can you instantly exchange one form of fiat currency for another? (And be able to spend the money immediately)

Then there's also the fact that Bitcoin isn't controlled by a single entity. That fact alone provides us with use-cases that we don't have when using fiat currency.
Is it not a unique feature that we're able to send money worldwide with very little fees and almost no waiting time?

[KenChanYu]

That's your opinion but my opinion even I don't have enough money to buy bitcoin I will choose to believe that it will rise again. Did you know that recovery is real? In due time bitcoin and altcoins will recover again no matter what will happen in the market. It takes time before it will happen.

   Keep your positive motivation mate, it will be more exciting taking the risky challenges in cryptocurrency. I certainly acknowledge and recommend bitcoin to be resembled for investments as it is a primary asset in the marketfield. And I believe that bitcoin's revovery has its own way to break the bearishness, so keep on buying or investing bitcoin to gain more reliable and viable profits.

[Mariela Perez]

If such statements were true on the matter then we'd never see Bitcoin or any other Altcoin come as far as they have nor would see people make any sort of profit from it, which they are already and not be able to use cryptocurrency for some everyday uses which we see in a lot of countries now which accept it as payment for services and other things. If people believed that this was a ponzi scheme it would've never come as far as it did nor would we see people who invested in Bitcoin when it wasn't worth anything hardly to be rich now. As we're moving towards the digital age with each passing day people become more aware of the importance of cryptocurrency.

[EllenSmith]

In my opinion, I do not agree with your point of view: You do not think it is an asset or a payment method. If it is not an asset, not worth it, why do so many people want it. If it is not a payment method, why Starbucks or Dell allow customers to pay by bitcoin

[ShadowBits]

In a fraudulent investment scheme, like Ponzi, investors transfer their utilizable resources, be it money, goods or services, and then they end up to with something which has zero utilization capacity, like promise or non-binding record of investment. After the investment, the only possible way for them to get utilizable resources back is if new investors join the scheme and in that way bring such resources with them.

The opposite is true in a legitimate investment business, where investors transfer one type of utilizable resource and in return they receive another type of such resource. An utilizable resource is anything that can be practically utilized by humans. For e.g. a car can be practically utilized for driving, a dollar for loan payments, a stock for participation in company's profitability, food for providing nutritional support, a raw material for producing finished products etc. Hence, an utilizable resource is not something that is just passed from hand-to-hand on a market for investing or speculation purposes, but something which has final users who will consume, utilize or otherwise put the thing to practical use. And this practical use by final users is how things got to the market in the first place. For e.g. dollars got to the market because they have final users the same as food. In other words, loan contracts and collaterals force people to use dollars for loan payments the same as hunger forces people to use food. Since all dollars (either paper or digital) are loan based, they are not just passed from hand to hand, but also utilized by borrowers who are forced to give goods and services to dollar investors, speculators, or regular users, when loan payment liability must be fulfilled. In the same way hungry people are forced to give money goods or services to food producers.

In a fraudulent investment scheme there are no final users, which is why a thing that lures members into the scheme is just passed from hand-to-hand, from member-to-member... until it is realized that the only profit can come from utilizable resources invested into the scheme.

And this finally brings us to bitcoin and the following question. When investors transfer their utilizable resources like money, goods or services into bitcoin do they end up with another utilizable resource, i.e. a resource which can be utilized by some final user? Well, the obvious answer is: no, they do not. Instead, they end up only with a record in a table(blockchain) or in other words, only with a number associated with their bitcoin address. And this number cannot be practically utilized like food is utilized by hungry people or dollar by borrowers, but it can only be passed from address-to-address, from hand-to-hand,  from member-to-member. And this is exactly how classical fraudulent schemes operate - they use something to lure people into the scheme, but the thing itself is non-utilizable, which is why it is just passed from one person to another. Once people realize that profit or utilizable resources can come from new investors only, the whole scheme collapses. And this is the ultimate fate of bitcoin. So, do not buy it.

Bitcoin has no owner and has a limited amount of supply. Why wouldn't we get it ourselves that we know it might be so expensive in the near future?

[khaled0111]

Being invisible for you doesn't mean it is a Ponzi nor it has no value. do you know even what Ponzi is!!!
It is a digital currency, you can't touch it, you can't see it.
If you can't use it doesn't mean that other people can't. Most of us use it regularly to buy goods and pay other Bitcoiners.

[proTECH77]

uncorroborated ideas, actually the real world usability of Bitcoin has not be realistic unlike some other coins in the market but that does not stop the fact that, Bitcoin is now be accepted as a means of payment from various vendors. Recently BWM now accept Bitcoin as a method of payment which can be translated into the world of usability of Bitcoin with a minor world usability stylistically, buy Bitcoin will be fine.

[NeuroticFish]

So, do not buy it.

I answered once to this thread and OP has deleted the thread. So here we are again:

~~~~
I edited the last part of your quote and replaced some words here and there, to give you something to think of. To make it fair, I bolded the things I've replaced. Imho Bitcoin is not so much different from Dollar as you'd like.

And this finally brings us to dollar and the following question. When investors transfer their utilizable resources like work, goods or services into dollar do they end up with another utilizable resource, i.e. a resource which can be utilized by some final user? Well, the obvious answer is: no, they do not. Instead, they end up only with printed paper/cotton or in other words, only with a number written down. And this number cannot be practically utilized like food is utilized by hungry people [...], but it can only be passed from account-to-account, from hand-to-hand,  from member-to-member. And this is exactly how classical fraudulent schemes operate - they use something to lure people into the scheme, but the thing itself is non-utilizable, which is why it is just passed from one person to another. Once people realize that profit or utilizable resources can come from new investors only, the whole scheme collapses. And this is the ultimate fate of dollar. So, do not buy it.

[darkangel11]

If I say that iPhone has a use, that mens it is used as communicating device, music player, gaming console, camera, and so on. If I say that Dollar has a use, that mens it is used for fulfilling loan obligations - which is the reason it came into existence in the first place. Passing iPhone or Dollar from hand to hand is not usage but transfer. And transfer is performed via infrastructure that has nothing to do with iPhone or Dollar.

You're making up theories to support your claim. When USD was created its main purpose wasn't to provide loans to people but to work as a means of payment. Bitcoin can and is working this way, and being a payment service equals having a use. If we went by your theory paypal and others would not have a use.

If I make a bet and win iPhone or dollars this is also not usage, but transfer of an item from one person to another. Hence transferring, moving or gambling with bitcoin is not the usage of Bitcoin. So, I will ask again: how Bitcoin is used?

If you can gamble using BTC, it's fulfilling the role of casino chips. Do casino chips have a use? Of course they do.
If you win a casino chip, it is a transfer of value from one person to another, but the chip is fulfilling its purpose.

[happy weblancer]

uncorroborated ideas, actually the real world usability of Bitcoin has not be realistic unlike some other coins in the market but that does not stop the fact that, Bitcoin is now be accepted as a means of payment from various vendors. Recently BWM now accept Bitcoin as a method of payment which can be translated into the world of usability of Bitcoin with a minor world usability stylistically, buy Bitcoin will be fine.

In addition, there are many financial instruments that aren't used by buyers, however, buyers are happy to give money for them - securities, gold. I think too the topic was chosen badly.

[Korkorjkk]

I will always believe in Bitcoin no matter what people say about it. Bitcoin has been the only coin that has been able to survive a lot of fluctuations in price and I definitely believe the price will bounce back to its peak by the end of the year.

[Slow death]

[...]

your posts:

Don't buy bitcoin because it won't be fine

A simple proof that Bitcoin has zero value

Why would a rational person pay 6,000 $ for Bitcoin if he can have its ...

Bitcoin actually does not exist



You're in the wrong place.

[Fulmand]

This is not a certain statement that makes bitcoin to become believable saying it won't be fine. For me even if there's no more signs of pumping price due to demand, it has still gained stabilized price for the entire month of October. If we find it hard to believe just look at the current graphical trend, there you'll see a greater potential that bitcoin will always be fine and will do more great surprises in the next coming days this month.

[yansen]

this is not just about a ponzi scheme or an empty pyramid without end users. Bitcoin still has end users, because basically end users are still in the consumption section (food, clothing, etc.) if you only see money as a reasonable cycle for a transaction. I will try to sort it. Money ----> Goods / services -----> consumers (end users. Bitcoin is quite simple, BITCOIN ----> MONEY ----> SERVICES / GOODS ----> CONSUMERS. This is the same , no difference.

[M4NDELL]

Let's move away from the theory and look at the practical side of the issue. Here I have Bitcoins, which I can store as an asset (which can multiply by the way), pay for some goods and services or transfer them to Fiat and buy as you say any utilizable resources. So I see absolutely no problemma in owning bitcoins.

[fxsurfer]

So you're just going to disregard all the technical features of Bitcoin that offer a wide range of use-cases?

What about time-locks? Tell me how you can time-lock fiat currently, so it cannot be spent for X amount of days or years?
Then, lightning network and atomic swaps. Can you instantly exchange one form of fiat currency for another? (And be able to spend the money immediately)

Then there's also the fact that Bitcoin isn't controlled by a single entity. That fact alone provides us with use-cases that we don't have when using fiat currency.
Is it not a unique feature that we're able to send money worldwide with very little fees and almost no waiting time?

Time-locks and non-controllability cannot change the fact I stated in the OP - in a bitcoin scheme, old investors can profit from new investors only, which is the definition of a Ponzi scheme. Features of bitcoin, or more precisely Bitcoin system, are just technical means by which this modern Ponzi operates. Bitcoin alone is a number associated with an address and as such it is an abstraction with no practical features.

[Indrawan77]

Well I don't agree that bitcoin is Ponzi or fraud, bitcoin is just medium, the one that makes bitcoin become fraud or ponzi is the people, so it's not bitcoin fault, bitcoin doesn't got physical shape but it doesn't mean that it doesn't got any value, stock also got no tangible form but it still can be valuable

Bitcoin is a very useful currency, it already give easiness for people to do a lot of transaction and the potential of bitcoin still widely open, there are a lot of people got huge profit by only holding bitcoin, this prove that bitcoin is a valuable commodity and currency

[fxsurfer]

Being invisible for you doesn't mean it is a Ponzi nor it has no value. do you know even what Ponzi is!!!
It is a digital currency, you can't touch it, you can't see it.
If you can't use it doesn't mean that other people can't. Most of us use it regularly to buy goods and pay other Bitcoiners.

A payment is the transfer of an item from one party to another, and not the usage of an item. Everything that exists on Earth can be transfered from one party to another, but that doesn't render it usable. So, the fact that you regularly buy goods and pay Bitcoiners with bitcoin has nothing to do with usability of bitcoin. Usability is the capacity of an item to satisfy human needs.

[DaWidyaa]

I think bitcoin is currently good for buying because prices are cheap and in my opinion this situation is an opportunity to buy.

[dmcx]

You may have been mistaken, or have seen a good source of good or fake. I think it is now time to buy the best bitcoin, for the end of this year will have the price increase or not or can also sell when the price high.

[fxsurfer]

Let's move away from the theory and look at the practical side of the issue. Here I have Bitcoins, which I can store as an asset (which can multiply by the way), pay for some goods and services or transfer them to Fiat and buy as you say any utilizable resources. So I see absolutely no problemma in owning bitcoins.

Madoff investors also saw no problemma.

[walemil]

Bitcoin has been with us for ten good years and it has been fulfilling exactly the reasons it was created. Anyone can have a contrary view and back it up with points but one has to stand firm for what he believes in. As for me, I know that bitcoin will always be fine.

[yulchatar]

You wrote a rather long text I didn't even read it completely. I saw a call not to buy bitcoin at the end. You can do this if you don't want to but why do you encourage others to do this? Your arguments are inconclusive. If you don't consider bitcoin is a currency, well, let it be a commodity. And you can exchange this product for anything. Then exchange again and so endlessly. Similarly, we can exchange gold, silver. Perhaps you are so negative because you are disappointed in the price of bitcoin. But I can calm you down, he will restore and it will happen pretty soon.

[fxsurfer]

If such statements were true on the matter then we'd never see Bitcoin or any other Altcoin come as far as they have nor would see people make any sort of profit from it, which they are already and not be able to use cryptocurrency for some everyday uses which we see in a lot of countries now which accept it as payment for services and other things. If people believed that this was a ponzi scheme it would've never come as far as it did nor would we see people who invested in Bitcoin when it wasn't worth anything hardly to be rich now. As we're moving towards the digital age with each passing day people become more aware of the importance of cryptocurrency.

Not uses of cryptocurrency but transfers of cryptocurrency. Transfers from one address to another. Nearly everything that is in existence has the capacity to be transferred from one address to another, either electronically or manually. However, that does not mean that everything has the capacitly to be used, consumed or practically utilized for satisfying human needs. And it is the capacitly to satisfy human needs why things are produced and why they came to the market in the first place. For e.g. there are lots of people who have needs to consume goods or services they don't own. But how can they get them? Well, by borrowing them, with the implied or expressed intention of returning the same or an equivalent good or service in the future. And here is where the bank kicks in with its product - dollar. Dollar is produced to satisfy needs of these people. This product is composed of two crucial parts: contract and collateral. These two components guarantee that those who traded produced dollars to people for their goods and services, return goods and services back to people, which happens every time their contract obligates them to make loan payments. Hence, dollar is a product like food or clothing, with the capacity to be used, consumed or practically utilized by its end users (borrowers). Bitcoin on the other hand has no such capacity, which is why it can only be passed from address-to-address, from hand-to-hand, from member-to-member. And this is exactly how classical fraudulent schemes operate.

[Lomberjack]

Bitcoin will be fine I guess, it will recover again next year and much bigger and better. Like in 2016, bitcoin's price is very low and when 2017 comes, it rises so fast that many people became wealthy. So don't ever lose hope now.

[Rashid555]

Is it fine to buy bitcoin is amateur question and we can say that bitcoin is the first free currency for the world where the intermediary were not involved when it was using for the online payment and banks were surprised that the huge online payments are done through bitcoin even a jet could purchased in the past so  from this we can say that bitcoin buying is not a problem but it is the real money which will be use for many purpose in the coming years.

[V1saya]

Blablabla. So how about fiat money? You can touch it but can you utilize it? You cannot eat it nor use it as an ingredient into something. Ah! So it can buy things that are of used. Same with bitcoin then? 

[sheenaedago]

That's your opinion but my opinion even I don't have enough money to buy bitcoin I will choose to believe that it will rise again. Did you know that recovery is real? In due time bitcoin and altcoins will recover again no matter what will happen in the market. It takes time before it will happen.

 
   I believe that bitcoin has a capacity to surpass allthroughout the circumstances around in the world of crypto. It will recover immensely by the good and positive motivations with the accurate vision of people. And maybe it take a long period of time, so buy while its on deep.

[fxsurfer]

Is it fine to buy bitcoin is amateur question and we can say that bitcoin is the first free currency for the world where the intermediary were not involved when it was using for the online payment and banks were surprised that the huge online payments are done through bitcoin even a jet could purchased in the past so  from this we can say that bitcoin buying is not a problem but it is the real money which will be use for many purpose in the coming years.

All those epithets you used for bitcoin cannot change the fact that in the bitcoin circulation chain nobody is able utilize bitcoin for satisfying their needs, like in the case of dollars, goods, services and similar utilizable resources..., which is why such resources can be obtained from new investors only. And this is the definition of a ponzi or pyramid scheme. Hence, you are using semantics to escape this fact.

[FedorIzmailov]

I see nothing similar between bitcoin and ponzi scheme. You can just as well say that the dotcom was exactly the same as the Ponzi scheme, but what did we get in the end?

[maxilopez]

I also think that buying Bitcoin is already too late and there is a high probability that you will get involved with nothing if you invest your funds in it

[Kakmakr]

What other value does a Dollar bill have other than burning it when you need a fire or using it to sniff cocaine? The Bitcoin token is not a physical thing, so people obviously think it has no tangible value, but they are wrong. The token is only a representation of the value that it holds.

The token is also the same as the digital version of Fiat currencies. <Numbers on a computer> The big difference is that the Bitcoin token is not controlled by a government. 

[AutoBlockX]

Well that’s not entirely true. Though the Bitcoin cannot directly be used, utility and security tokens are there for that exact purpose. For instance, the AutoCoin, which is a security token dedicated for the automotive industry helps you in buying and selling cars. All you’ll need is this AutoCoin and you’ll be able to buy a commercial or luxury car using this token. So, while there are many coins that are just there for transferring, others can be used too.

[Babyrica0226]

In my opinion, I do not agree with your point of view: You do not think it is an asset or a payment method. If it is not an asset, not worth it, why do so many people want it. If it is not a payment method, why Starbucks or Dell allow customers to pay by bitcoin

Maybe that person really doesn't know about the deep catch of bitcoin. In fact, there are still other merchants were bitcoin was also accepted as payment in the other country. Like here in my country there is a restaurant who is bitcoin accepted aside from cash, and credit card. Which means these merchants knows that bitcoin has a better future because of its potentiality.

[TheGodFather]

In a fraudulent investment scheme, like Ponzi, investors transfer their utilizable resources, be it money, goods or services, and then they end up to with something which has zero utilization capacity, like promise or non-binding record of investment. After the investment, the only possible way for them to get utilizable resources back is if new investors join the scheme and in that way bring such resources with them.

The opposite is true in a legitimate investment business, where investors transfer one type of utilizable resource and in return they receive another type of such resource. An utilizable resource is anything that can be practically utilized by humans. For e.g. a car can be practically utilized for driving, a dollar for loan payments, a stock for participation in company's profitability, food for providing nutritional support, a raw material for producing finished products etc. Hence, an utilizable resource is not something that is just passed from hand-to-hand on a market for investing or speculation purposes, but something which has final users who will consume, utilize or otherwise put the thing to practical use. And this practical use by final users is how things got to the market in the first place. For e.g. dollars got to the market because they have final users the same as food. In other words, loan contracts and collaterals force people to use dollars for loan payments the same as hunger forces people to use food. Since all dollars (either paper or digital) are loan based, they are not just passed from hand to hand, but also utilized by borrowers who are forced to give goods and services to dollar investors, speculators, or regular users, when loan payment liability must be fulfilled. In the same way hungry people are forced to give money goods or services to food producers.

In a fraudulent investment scheme there are no final users, which is why a thing that lures members into the scheme is just passed from hand-to-hand, from member-to-member... until it is realized that the only profit can come from utilizable resources invested into the scheme.

And this finally brings us to bitcoin and the following question. When investors transfer their utilizable resources like money, goods or services into bitcoin do they end up with another utilizable resource, i.e. a resource which can be utilized by some final user? Well, the obvious answer is: no, they do not. Instead, they end up only with a record in a table(blockchain) or in other words, only with a number associated with their bitcoin address. And this number cannot be practically utilized like food is utilized by hungry people or dollar by borrowers, but it can only be passed from address-to-address, from hand-to-hand,  from member-to-member. And this is exactly how classical fraudulent schemes operate - they use something to lure people into the scheme, but the thing itself is non-utilizable, which is why it is just passed from one person to another. Once people realize that profit or utilizable resources can come from new investors only, the whole scheme collapses. And this is the ultimate fate of bitcoin. So, do not buy it.

Update 1:
I see a lot of posters are unable to differentiate between the therms "usage of bitcoin" and "transfer of bitcoin". "Using" X is not the same as "transferring X". If I say that iPhone has a use, that mens it is used as communicating device, music player, gaming console, camera, and so on. If I say that dollar has a use, that mens it is used by borrowers for fulfilling their loan obligations - which is the reason it came into existence in the first place. Passing iPhone or dollars from hand to hand is not usage - it is transfer. Nearly everything that is in existence has the capacity to be transferred from one person to another, either electronically or manually.

However, that does not mean that everything has the capacitly to be used, consumed or practically utilized for satisfying human needs. And it is the capacitly to satisfy human needs why things are produced and why they came to the market in the first place. For e.g. there are lots of people who have needs to consume goods or services they don't own. But how can they get them? Well, by borrowing them, with the implied or expressed intention of returning them back in the future. And here is where the banks kick in with their product - dollar. Dollar is produced by the banks to satisfy needs of these people. Its main feature is that it is composed of two crucial parts: contract and collateral. These components guarantee that borrowers who traded produced dollars to people for their goods and services, return goods and services back to them, which happens every time their contract obligates them to make loan payments.

Hence, dollar is product like food or clothing, with the capacity to be used, consumed or practically utilized by its end users - borrowers.

Bitcoin on the other hand has no such utilizable capacity - it cannot be used, which is why it can only be transferred - i.e. passed from address-to-address, from hand-to-hand, from member-to-member. In other words, in the bitcoin circulation chain, nobody is able use bitcoin, like in the case of dollars, goods, services and similar utilizable resources..., which is why such resources can be obtained from new investors only. And this is the definition of a classical ponzi or pyramid scheme.

The Investment sites are the problem, not the Bitcoin itself.  There are a lot of ways to earn bitcoin instead of those Ponzi Schemes. The best one is on trading websites. You can earn a lot of money by just buying and selling altcoins in exchange of profit. You can do it at the same time while earning it on gambling site as well.

[SnapDown22]

Basically, bitcoin has a very good development and continues to provide good points for its holders, if it is able to manage bitcoin then the results obtained also do not disappoint, all this depends on those who buy and manage it.

bitcoin has a very good development and continues to provide good points for its holders, and I think that it gets maximum results and can be used correctly if bitcoin is very helpful

[Little_king]

U really need an orientation to change your thinking because in yr outline of what money is and how it can be used with Bitcoin use I see no difference in the of value for both , money comes in form of physical then because their was no internet and also note that money also came later when there was development , they use goods for goods in exchange for each other before they graduate to money level as the world get civilized, so we are in era of digital now which Bitcoin is taking the place so if you don't believe in it, then you have something to be worried about in near future .
If you look from letter post then to email sending cause of internet then you should think of fiat to digital , except if you want the world to be stagnant which I not possible we need new development and that is why we call it development and civilized world.

[denzkilim]

you can play with words all you like but that will never change any facts about bitcoin.
bitcoin matches the definition of a currency, a medium of exchange and a payment system perfectly well https://en.wikipedia.org/wiki/Currency and it has been designed to do that in a decentralized manner and has been doing exactly that in the past 10 years.

The OP is just a plain FUD spreader that only wants to spread FUD to Crypto Currency communities and hopes that some people will believe on what he is saying.

Basically, bitcoin has a very good development and continues to provide good points for its holders, if it is able to manage bitcoin then the results obtained also do not disappoint, all this depends on those who buy and manage it.

Agreed on what you said. Bitcoin is one of the best innovations that happened to the digital era world and this technology makes our lives easier than before and gives freedom to every user that uses this technology. Every year the Bitcoin/Crypto Currency community is growing and there are a lot of people diving in the crypto space.
Sooner or later this technology will be used by the majority of the techie people all over the world especially those highly developed countries that accept modern technologies in the societies.

Hi, very good text about Ponzi scheme!

But I think Bitcoin does not fulfil those attributes.

Bitcoin has a use, more than one.

I disagree with your opinion.

Very well said. I think if the OP is not spreading FUD he is just an ignorant when it comes to technology developments in our world and having a very toxic way of thinking on every innovation that the worlds offer.

[pixie85]

Being invisible for you doesn't mean it is a Ponzi nor it has no value. do you know even what Ponzi is!!!
It is a digital currency, you can't touch it, you can't see it.
If you can't use it doesn't mean that other people can't. Most of us use it regularly to buy goods and pay other Bitcoiners.

A payment is the transfer of an item from one party to another, and not the usage of an item. Everything that exists on Earth can be transfered from one party to another, but that doesn't render it usable. So, the fact that you regularly buy goods and pay Bitcoiners with bitcoin has nothing to do with usability of bitcoin. Usability is the capacity of an item to satisfy human needs.

You don't have to be the item that holds value to be usable.
A thing that makes this item safe is usable.
A thing that moves it around is usable.
A thing that stores it is usable.
Even if the sole use of Bitcoin was to be an emergency store of value for when your country goes bankrupt or gets nuked by neighbors it would still be one. Only you don't want to acknowledge it.

[tarangogu]

I don't agree this. No matter what anyone says to Bitcoin. I believe it will keep six thousand dollars  level and In the first quarter of 2019 it will exceed 10 thousand dollars with a bull season

[ratatat bangbang]

This matter is within each individuals decisions. In my own opinion, it is still good to buy bitcoin. Though for now its value is not good but soon it will recover. Patience is highly needed.

[endut15]

I don't agree this. No matter what anyone says to Bitcoin. I believe it will keep six thousand dollars  level and In the first quarter of 2019 it will exceed 10 thousand dollars with a bull season

I think we better believe in ourselves than anyone else. because everything in us is our choice. the future remains in our hands. if we are forbidden to buy bitcoin at this time, maybe they are afraid of the price decline which is currently making anxiety.

[BCTalkaccountforsale]

Yes, everything related to the internet is risky especially Cryptocurrency. But as everyone knows, cryptocurrency is slowly advancing into many markets and may be the future coin to be used. You will have to accept everything when investing in Bitcoin.

[phelbaby]

I believed you have made a lot in bitcoin and today you stand to discourage new investors, while bitcoin is never a ponzi scheme as you have just call its a real currency accepted in shopping plazas.

[Blocktopian88]

Bitcoin worth a price because the majority people give bitcoin a price, so does gold.

[kamBlanV]

I think, all currencies have important components, and that is characteristic of every different currency, we must realize that bitcoin is not the same as fiat currency, volatility, system, and every feature.

for a while, bitcoin looks like a ponzi, because bitcoin is still free, so the volatility is unlimited. so, I think if bitcoin is already used for transactions and getting legalized, then the volatility will be stable like fiat. but, sometimes decentralized systems will create faster and unlimited volatility.

[budrabut]

You might say anything to elaborate your thoughts about Bitcoin, but you should realize that your words won't change anything about Bitcoin. It is better for you to stop creating issues that don't contribute to enhance Bitcoin because that is pointless. Bitcoin will grow more in the future as many stakeholders and any financial services authority in many countries begin discussing about future Bitcoin. It is believed that bitcoin is a proper solution for financial sides with high technology offered by this. 

[Naughty Princess]

This matter is within each individuals decisions. In my own opinion, it is still good to buy bitcoin. Though for now its value is not good but soon it will recover. Patience is highly needed.

I agree. It is depend on the person if he wants to buy or just stop because of negativity of others that influence them. For me it is better to buy now, what ever happen tomorrow just let it happen but still I believe that there is a recovery in the market. I see how worth it could be.

[Dreamchaser21]

I don't agree this. No matter what anyone says to Bitcoin. I believe it will keep six thousand dollars  level and In the first quarter of 2019 it will exceed 10 thousand dollars with a bull season

Its better to believe in our own understanding with bitcoin than to this kind of speculation.
I will still buy bitcoin because I know its potential, I believe on its technology and no one can stop me from doing that. Invest more and don’t listen to any fud.

[Qurelal]

I don't agree with you. Bitcoin performs all the functions of money.

[suprex333]

Buy bitcoin then you will have a deposit that will be able to provide benefits for your future.
Don't think negative about bitcoin because you can regret later. The development of bitcoin is getting better every day and I believe that bitcoin is the future that is able to provide improvements to the financial aspects.

[pinoyden]

I don't agree this. No matter what anyone says to Bitcoin. I believe it will keep six thousand dollars  level and In the first quarter of 2019 it will exceed 10 thousand dollars with a bull season

Its better to believe in our own understanding with bitcoin than to this kind of speculation.
I will still buy bitcoin because I know its potential, I believe on its technology and no one can stop me from doing that. Invest more and don’t listen to any fud.

hell yeah . dont mind the op and other people that say's negative things about bitcoin or on other cryptos because it is pretty obvious that it is only a fake claims and maybe they only do it because they want cryptos to go down so that they will use that oppurtunity to buy more coins   or maybe the op of this thread is just only a newbie , he only enter last year and he didnt research the past history of cryptos . he thinks that cryptos are ending just because their value is not recovering anymore but he didnt know that it is only normal and part of the cycle .

[bigbosma]

And I will still continue to believe in bitcoin and its prospects as a currency. Sooner or later it will be used and we will appreciate all the advantages of this technology.

[DAVETUN]

You submission does not have a concrete backing hence, It should be discard, for anyone that want to be rich in the future, Bitcoin is sure a currency to invest in and expect a revolution in the near future, do not be  in a hurry to take profit, It is a currency with great potential, The present happening not withstanding, do not expect BTC to be up forever and always.

[metalglowd]

buy or not, that is the right of every person. but encouraging at times like this, it is likely that it will no longer have an effect, people will see more opportunities here, even though there is a considerable risk

[fxsurfer]

Being invisible for you doesn't mean it is a Ponzi nor it has no value. do you know even what Ponzi is!!!
It is a digital currency, you can't touch it, you can't see it.
If you can't use it doesn't mean that other people can't. Most of us use it regularly to buy goods and pay other Bitcoiners.

A payment is the transfer of an item from one party to another, and not the usage of an item. Everything that exists on Earth can be transfered from one party to another, but that doesn't render it usable. So, the fact that you regularly buy goods and pay Bitcoiners with bitcoin has nothing to do with usability of bitcoin. Usability is the capacity of an item to satisfy human needs.

You don't have to be the item that holds value to be usable.
A thing that makes this item safe is usable.
A thing that moves it around is usable.
A thing that stores it is usable.
Even if the sole use of Bitcoin was to be an emergency store of value for when your country goes bankrupt or gets nuked by neighbors it would still be one. Only you don't want to acknowledge it.

These generic statements of yours cannot change the fact I stated in the op: in the bitcoin circulation chain no end consumer exists that can use bitcoin for consumption or for satisfying his human needs, like food is used by hungry people or dollar by borrowers. For that reason, profit or benefit for chain members can come from new investors only, which is a textbook definition of Ponzi or other type of pyramid scheme. So bitcoin can be called money, value, digital gold, safe, usable, new internet, emergency store or ... whatever, but this is just semantics and its Ponzi nature or ultimate fate won't change because of that.

[Rashid555]

Bitcoin at these time is very good due to low price of it and for online users it is a good payment method so whatever the price is they buy bitcoin and use for online payment and for the online products like web page designing and softwares are the good things and many experts have a good earning source of bitcoin so it is fine to buy bitcoin and later the price rise can give you much money for a happy life.

[warning_btc]

Are you sure?
BTC the most strong coin today.
Most of peoples try to increase btc in their bag

[rer@shoy]

Bitcoin is also a currency which is assigned a value, not by the banking sector but by the community as it is decentralized. And this value is designed to be higher than the cost of production.

[fxsurfer]

Bitcoin at these time is very good due to low price of it and for online users it is a good payment method so whatever the price is they buy bitcoin and use for online payment and for the online products like web page designing and softwares are the good things and many experts have a good earning source of bitcoin so it is fine to buy bitcoin and later the price rise can give you much money for a happy life.

If current bitcoin price is low price then what is its initial price of 0.001 USD?

[fxsurfer]

Bitcoin is also a currency which is assigned a value, not by the banking sector but by the community as it is decentralized. And this value is designed to be higher than the cost of production.

So, how that changes the fact stated in the OP?

[BuyBuyBitcoin]

A payment is the transfer of an item from one party to another, and not the usage of an item. Everything that exists on Earth can be transfered from one party to another, but that doesn't render it usable. So, the fact that you regularly buy goods and pay Bitcoiners with bitcoin has nothing to do with usability of bitcoin. Usability is the capacity of an item to satisfy human needs.

Stop trolling here. It's easy to just read wiki and learn about bitcoin and how it is used and valued.

Bitcoin (₿) is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.[7]

Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto[9] and released as open-source software in 2009.[10] Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies,[11] products, and services. Research produced by the University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.[12]

It's obviously a payment system because people transfer payments using the protocol. It's also a decentralized store of value. This is basic stuff you either dont understand or dont care to learn about.

[celot]

Right now maybe you can buy bitcoin cash because want to hard fork with new coin, almost of hardfork coin will have higher price and you can take profit without have waiting for hardfrok and keep profit with your trading.

[Gibreil]

Really? But I want to buy bitcoin whatever has it. I have bitcoin in my wallet. Atleast, I wanted to hold bitcoin for my entire life because I know it will grow up and up year by year! But as of now, I just need to buy before the price goes up. Bitcoin is precious in my part and I did not trust any single information that brokes bitcoin.

[BuyBuyBitcoin]

Buying bitcoin is about to be the smartest investment for 2019 and 2020

[Umkar]

If I remember correctly, there have already been many statements that Bitcoin has no future and many have advised him not to buy. But the most interesting thing is that, despite all these statements, Bitcoin continues to grow and develop. There are new companies that are starting to accept Bitcoin, and this is a positive sign in order to start taking Bitcoin seriously. I propose to look at this infographic for example:

[Dasha88fed]

you can play with words all you like but that will never change any facts about bitcoin.
bitcoin matches the definition of a currency, a medium of exchange and a payment system perfectly well https://en.wikipedia.org/wiki/Currency and it has been designed to do that in a decentralized manner and has been doing exactly that in the past 10 years.

This is the most correct statement regarding Bitcoin, and all other attempts to change the attitude of people towards Bitcoin seem to be flawed. Bitcoin is true decentrazizovannaya currency, which proves it for the duration of its existence.

[cornelcorn]

I think you are 100% wrong. Bitcoin is the best coin, with bitcoin technology, bitcoin can't  counterfeit which is the best and the most important thing.

[tanxpresisit514]

Really? But I want to buy bitcoin whatever has it. I have bitcoin in my wallet. Atleast, I wanted to hold bitcoin for my entire life because I know it will grow up and up year by year! But as of now, I just need to buy before the price goes up. Bitcoin is precious in my part and I did not trust any single information that brokes bitcoin.

Buying bitcoin to get profits is clearly very related to the right time, because prices always move continuously. If anyone believes that now is not the right time to buy bitcoin, maybe assuming the price will go down again, so waiting for prices to be lower. But it must be remembered that the price of bicoin is like a reflection, after the price drops can rise very quickly. So, buy bitcoin when there is a chance.

[sari_]

if I actually buy bitcoin bro. especially now the price of bitcoin is still in the down category. so that it becomes an opportunity if we buy and hold it for a long time. because the price of bitcoin is good or slow, surely the price will rise again ..

[shendy]

Buying bitcoin is an investment that is able to provide a good future, look at its development first before seeing the price, learn about the bitcoin journey when it's just arrived until now and understand it in order to think positively.

[Zalaster]

I will simply say that Bitcoin is already considered as a currency. You say that you can’t buy anything for him, maybe now it’s true. But what do you say in 5 years? I am sure that Bitcoin will be accepted as a settlement currency in the near future.

[fxsurfer]

If I remember correctly, there have already been many statements that Bitcoin has no future and many have advised him not to buy. But the most interesting thing is that, despite all these statements, Bitcoin continues to grow and develop. There are new companies that are starting to accept Bitcoin, and this is a positive sign in order to start taking Bitcoin seriously. I propose to look at this infographic for example:

When people want to believe something, they will find all sorts of reasons to rationalize their beliefs. Fancy colorful charts showing companies that accept Bitcoin is one of them. But, this is just gimmick since the acceptance of bitcoin can't magically make it into something utilizable with the capacity to be used, consumed or practically utilized by someone who joined bitcoin circulation chain. In other words, one can profit or benefit from bitcoin only by selling it to new investors for their utilizable resources. These resources can then be practically utilized to provide benefit to the owner. And that is exactly how Ponzi schemes work.

[lelylely]

I think that bitcoin will be fine and deserving to have because it can provide benefits, everyone has their own thoughts and I prefer to think of bitcoin as a way to get profits, and from that I will stay with bitcoin.

[jake zyrus]

I think bitcoin is currently good for buying because prices are cheap and in my opinion this situation is an opportunity to buy.

For me, this is the time to buy bitcoin and this is our chance cause the value is too small and the market give us oppurtunity to collect more coins and hold it while waiting for increasing. Let us make this situation as an oppurtunity for us to become the next rich people.of the world. All we need is to wait for the right timing to.release our coins

[lemonandfriesonetwo]

Bitcoin is true decentrazizovannaya currency, which proves it for the duration of its existence.

Perfect response, it is a decentrazizovannaya currency.

[Ararbermas]

 Yes probably it won't be fine now.  But for me in my own opinion this is an opportunity to buy while it's still affordable and stable. Because for sure soon or later it will jump again without knowing. So for those who want to obtain profits in the near future i suggest to don't hesitate to buy and hold now. Because on this circumstance bitcoin will never go down more indeed. If you guys assuming it will collapse more before year end. 

[$anounimus$]

when you buy bitcoin you should already know that bitcoin has a very high risk so when you want to buy bitcoin you have to be prepared to bear the risks that exist and preferably when you enter and buy bitcoin you already know how to trade properly and correctly

[antisocial77]

sounds like this topic written in 2012.its shame that we are still talking about the bitcoin's-crypto's future.its already started dude, only problem we have is how can crypto grow up and adopt to current system.

[fxsurfer]

I think that bitcoin will be fine and deserving to have because it can provide benefits, everyone has their own thoughts and I prefer to think of bitcoin as a way to get profits, and from that I will stay with bitcoin.

Of course that Bitcoin can provide benefit, but... only if new investors buy it by bringing non-crypto products with them, i.e. products that have end consumers (dollars, goods or services). From Bitcoin alone nobody can benefit since Bitcoin is just number associated with an address. As such, it can only be passed from person to person, like promises of big returns are passed in pyramid schemes, but it cannot be consumed like food is consumed by hungry people, dollars by borrowers, or picture by art lovers. So, if products that have end consumers, i.e. products that are brought into the Bitcoin scheme by new investors, render Bitcoin beneficial, then every pyramid scheme is beneficial also. And saying that a pyramid scheme will be fine, is not so rational, given the clear empirical evidence that all such schemes eventually collapse.

[abhi777]

when you buy bitcoin you should already know that bitcoin has a very high risk so when you want to buy bitcoin you have to be prepared to bear the risks that exist and preferably when you enter and buy bitcoin you already know how to trade properly and correctly

before you buy bitcoin you have to think carefully. because bitcoin has a huge loss. so you have to think not to be disappointed. bitcoin sometimes also has a high selling price and sometimes a low selling price.

[munareal]

When the internet was created a lot of people were skeptical about it. Now today, Our lives depend on it because of the ease and convenient has bought to our lives. Likewise bitcoin, People are also skeptical about it but a time will come that the crypto-coins will be used by half the population of the world just  like the internet today

[maxamus]

sounds like this topic written in 2012.its shame that we are still talking about the bitcoin's-crypto's future.its already started dude, only problem we have is how can crypto grow up and adopt to current system.

Yes this topic is old it seems, Bitcoin have started and reached all over the globe and it is one of the biggest coins in crypto world though there are ups and downs on the value it become standard and most of have earned lot of profit from bitcoin in earlier years. come on folks understand the current trends & research bit on the happenings in market.

[idontcare]

I can only say that this is not true news right now. Currently, we need to buy bitcoin right now, because the price of bitcoin is increasing very fast in the market then we will have the highest profit possible. I think should buy BTC right now.

[bdc2343]

As far as I'm concerned, nowadays buying bitcoin is the smartest act when you are investing in crypto. Bitcoin follow me, is up and going up again so buying on us will surely be profitable.Where is not that okay? 

[Deallove9]

I don't dispute the fact that you don't believe in Bitcoin but that doesn't say I should not too, so you have your own reason why I do as well but on the fact that Bitcoin is mainly for transfer and not usage , I think you are wrong cause gold is also not much in usage but a store of value while Bitcoin is also consider to be a store of value which makes the price to be volatile due to frequent request and need by the user and this who believe in it .

[MAJICOIN]

If we just say that bitcoin is not fine the benefit is not ours but those who are ruling in the market they will survive forever and we will not enter into the crypto world and this time is good why because the price for now is much less than last year and it is predicted that this growth will come again in this year too so I am mentally ready for the bitcoin buying and those who are used to it they will avail this opportunity I think bitcoin is fine for buying now, Bitcoin is expanded to the whole world.

[fxsurfer]

I don't dispute the fact that you don't believe in Bitcoin but that doesn't say I should not too, so you have your own reason why I do as well but on the fact that Bitcoin is mainly for transfer and not usage , I think you are wrong cause gold is also not much in usage but a store of value while Bitcoin is also consider to be a store of value which makes the price to be volatile due to frequent request and need by the user and this who believe in it .

The world consumption of new gold produced is about 50% in jewelry and 10% in industry. On the other hand, consumption of Bitcoin has always been and will always be 0%. The only reason investment into a thing exists and the thing has the capacity to hold value is its ability to be consumed. Only things that lure people into fraudulent investment schemes cannot be consumed. Bitcoin is one such thing. It cannot be consumed but only transferred from address to address, from had to hand, from member to member... just like things in fraudulent investment schemes.

[RokokGudangGaram]

when you buy bitcoin you should already know that bitcoin has a very high risk so when you want to buy bitcoin you have to be prepared to bear the risks that exist and preferably when you enter and buy bitcoin you already know how to trade properly and correctly

it's true the problem is investing in bitcoin must first understand how to use it in transactions and risks, because the risk of bitcoin is large but the results of the profits to be received are also large in proportion to the risk

[buwaytress]

I don't dispute the fact that you don't believe in Bitcoin but that doesn't say I should not too, so you have your own reason why I do as well but on the fact that Bitcoin is mainly for transfer and not usage , I think you are wrong cause gold is also not much in usage but a store of value while Bitcoin is also consider to be a store of value which makes the price to be volatile due to frequent request and need by the user and this who believe in it .

The world consumption of new gold produced is about 50% in jewelry and 10% in industry. On the other hand, consumption of Bitcoin has always been and will always be 0%. The only reason investment into a thing exists and the thing has the capacity to hold value is its ability to be consumed. Only things that lure people into fraudulent investment schemes cannot be consumed. Bitcoin is one such thing. It cannot be consumed but only transferred from address to address, from had to hand, from member to member... just like things in fraudulent investment schemes.

Not really in practice! I can think of at least two examples where Bitcoin is taken out of circulation permanently or "consumed" in your version of consumption:

- irretrievable/lost private keys
- burn addresses

Perhaps also dust-collecting wallets where fees per input size would exceed the amount of dust, I know I've abandoned several wallets with these tiny amounts.

Gold in jewellery and industry can be recovered at least.

Just saying

[fxsurfer]

I don't dispute the fact that you don't believe in Bitcoin but that doesn't say I should not too, so you have your own reason why I do as well but on the fact that Bitcoin is mainly for transfer and not usage , I think you are wrong cause gold is also not much in usage but a store of value while Bitcoin is also consider to be a store of value which makes the price to be volatile due to frequent request and need by the user and this who believe in it .

The world consumption of new gold produced is about 50% in jewelry and 10% in industry. On the other hand, consumption of Bitcoin has always been and will always be 0%. The only reason investment into a thing exists and the thing has the capacity to hold value is its ability to be consumed. Only things that lure people into fraudulent investment schemes cannot be consumed. Bitcoin is one such thing. It cannot be consumed but only transferred from address to address, from had to hand, from member to member... just like things in fraudulent investment schemes.

Not really in practice! I can think of at least two examples where Bitcoin is taken out of circulation permanently or "consumed" in your version of consumption:

- irretrievable/lost private keys
- burn addresses

Perhaps also dust-collecting wallets where fees per input size would exceed the amount of dust, I know I've abandoned several wallets with these tiny amounts.

Gold in jewellery and industry can be recovered at least.

Just saying

Consumption is the action of using up a resource as a means of satisfying human needs. It has nothing to do with losing something.

Just saying

[QuestionAuthority]

Don’t be an idiot. Bitcoin is not a Ponzi scheme. It’s a vehicle developed to support criminal activity and long cons.

[Chicksteen]

when you buy bitcoin you should already know that bitcoin has a very high risk so when you want to buy bitcoin you have to be prepared to bear the risks that exist and preferably when you enter and buy bitcoin you already know how to trade properly and correctly

before you buy bitcoin you have to think carefully. because bitcoin has a huge loss. so you have to think not to be disappointed. bitcoin sometimes also has a high selling price and sometimes a low selling price.

You have to be ready on long term investment because it is worth for long than use in trading. It will depress you when you are not ready to take the risk because sometimes it more fall but recovery comes after that you just have to patiently wait or else you gonna loss profit.

[Tahir460pk]

Here alot of predictions about bitcoin price and future and mostly opinions expressed that its time to invest because as it's price drop down soon it will be pumped  up so it's all depending on market and capital it's a risk and in a position to take than must be take.

[Elizabethkjenkins]

It will depend on the market. The price go up and down like usual.

[bandungan]

sometimes people's opinions differ from ours, I am still sure if bitcoin still has the potential to be used as a purchase, I am still optimistic that this will happen, so maybe use a few percent of money to buy bitcoin in order to generate profits.

[fxsurfer]

Don’t be an idiot. Bitcoin is not a Ponzi scheme. It’s a vehicle developed to support criminal activity and long cons.

Whatever the motives behind the Bitcoin's development, it still cannot be consumed by nobody in its circulation chain. Meaning, profit or benefit for investors, criminal or not, can be obtained only by using funds from new investors. Hence, Ponzi scheme.

[Naughty Princess]

Yes probably it won't be fine now.  But for me in my own opinion this is an opportunity to buy while it's still affordable and stable. Because for sure soon or later it will jump again without knowing. So for those who want to obtain profits in the near future i suggest to don't hesitate to buy and hold now. Because on this circumstance bitcoin will never go down more indeed. If you guys assuming it will collapse more before year end. 

If you believe on the potential of the coin to grow again, do not doubt it because you gonna regret it later. I do not hesitate to buy more volume now that it falls because it takes longer to wait this value in the market. The price will be fine and I patiently wait till the price recovers on the market. I know it gonna worth to wait longer.

[gajebo]

Basically, bitcoin has a very good development and continues to provide good points for its holders, if it is able to manage bitcoin then the results obtained also do not disappoint, all this depends on those who buy and manage it.

yes you are right, everyone can buy bitcoin but not everyone can manage it well, if you can manage it in the right way the results will definitely be good, but if you don't understand how to manage it the results will be disappointing.

[blocklancer8]

In my opinion, Bitcoin has proven itself in the last 10 years, Bitcoin is not nonsense or scam that takes up a lot of time for its users. In following it requires patience and good accuracy of analysis so that it does not become a misunderstanding in searching for the coffers in bitcoin.

[Colan Zolo]

If people who buy bitcoins like OP might be disappointed because bitcoin can have an advantage depending on managing, buying and then not being able to manage it will only see a continued decline. So intelligence and skills that can provide benefits to bitcoin or other cryptos.

[atayating]

I agree with you. I also think that Bitcoin has no practical use. Many people say that Bitcoin will replace gold or legal tender, but the price of Bitcoin changes every second. This is very bad, isn't it? And the purchase and use of Bitcoin needs to go through the Internet, and the elderly and children can't do this!

[lionheart78]

snipped

Bitcoin does not promised you any profit.  that is one thing for sure.  So I kinda disagree with what you are trying to relay with your message.  The thing that bitcoin have use cases such as payment method, it surely gives itself valuation.  Besides Bitcoin is not controlled by any entity though it can be manipulated in the market which is not new since all stocks can be manipulated, even supplies of consumable goods. 

The fact that Bitcoin had established its audience and the way to mass adoption is getting clear, I can say, it is actually fine to buy Bitcoin.

[fxsurfer]

snipped

Bitcoin does not promised you any profit.  that is one thing for sure.  So I kinda disagree with what you are trying to relay with your message.  The thing that bitcoin have use cases such as payment method, it surely gives itself valuation.  Besides Bitcoin is not controlled by any entity though it can be manipulated in the market which is not new since all stocks can be manipulated, even supplies of consumable goods.  

The fact that Bitcoin had established its audience and the way to mass adoption is getting clear, I can say, it is actually fine to buy Bitcoin.

No investment promises profit, but every investment, except crypto, has end consumers who will eventually use or consume the resource in which it is invested. More importantly, without the end consumers an investment resource would not even exist. Only things that lure investors to put their funds into fraudulent investments schemes, have no end consumers. Bitcoin is one such thing. Nobody who put their funds into Bitcoin can consume it, like food is consumed by hungry people, dollars by borrowers, picture by art lovers or gold by jewelry industry. So the only possible way for Bitcoin investors to get consumable resources - which can provide an actual benefit to them, is if new investors enter the scheme. Now, you can call this scheme payment method, new internet, money, digital gold, ... it can be widely accepted, have its audience, large investors... or whatever, but none of this can change the fact it has no end consumers which renders it a Ponzi scheme that will eventually collapse.

[chaklee1]

Actually, Bitcoin has been performing the role of a currency, a medium of exchange, a payment system for almost 10 years now. Plus, it approved itself as a store of value. People post such things because of their ignorance or bad experience with crypto. If you don’t believe in bitcoin and don’t want to buy it, it is your choice, but let others decide for themselves.

[rickyNmorty]

You've just indicated the reasons it's called invisible money. Of course it has no physical existence, nor has no common document. It's just your wallet and the number of your coins. That's why it's easily decentered and can be kept anonymous.

This got a point. We cannot see it physically because it ks the digital currency, it is in virtual world that can be used to interact with the physical goods and services.  If it does not have any value why is it then more people rather more and more people are using it. This probably got a point.

[ict]

we all will not know what will happen to bitcoin now or in the future. prohibiting buying bitcoin will worsen the condition or value of bitcoin and impact on altcoin. so the suggestion to ban buying bitcoin is very inappropriate. we can all determine the future and direction of investment so choose the best way to avoid bad risks.

[rjsmith]

Basically, bitcoin has a very good development but now somedays bitcoin market is very bed.in my opinion the market price really has been up quickly.i think the price go up and down like usual.

[MbakNarti]

For me bitcoin has hope for a good future in improving our economy or finances. Those who invest in bitcoin in the long run should better understand bitcoin and be able to see price fluctuations so that they can determine their attitude in making decisions when it's time to sell and when to buy bitcoin. If we are able to fully understand bitcoin and can resist emotions and always wait, in my opinion buying bitcoin is the best choice for long-term investments where I believe that in the next few years the price of bitcoin will rise and we will benefit through bitcoin investment.

[Wish 107.5]

It is better if you will buy bitcoin today because the price is low. Buy it at low cost instead of buying it at high price. Buy and be patient before you do trading.

[nicko122]

You've just indicated the reasons it's called invisible money. Of course it has no physical existence, nor has no common document. It's just your wallet and the number of your coins. That's why it's easily decentered and can be kept anonymous.

Despite the fact that cryptocurrencies may not seem so reliable, in fact they are safer than most other currencies around the world, especially in terms of security.

[lyks15]

I think if you are business minded it is more practical to buy. It is only like a merchandising business if you buy your products in a low price and hold it and wait for the high demand on your product you will earn more. Because when the demand is high the price will also high. So for me it is the right time to buy bitcoin when it is in the low value. It is more risky because all we knkw that bitcoin's value is not consistent but rememver that you are doing a business and business is full of risk but if you think like a businessman and you act like a business believe me you will live like a successful businessman.

[fxsurfer]

Actually, Bitcoin has been performing the role of a currency, a medium of exchange, a payment system for almost 10 years now. Plus, it approved itself as a store of value. People post such things because of their ignorance or bad experience with crypto. If you don’t believe in bitcoin and don’t want to buy it, it is your choice, but let others decide for themselves.

No, it has not. For almost 10 years now, Bitcoin has been performing the role of a classical pyramid scheme. Currency and medium of exchange have always had one one fundamental feature - consumability, i.e. end consumers were able to use them for satisfying their needs, like I explained in the OP. Bitcoin has no such feature - nobody who has it is able to satisfy their needs with it, which is why it can only be transferred from address-to-address. And the investment in the non-consumable resource which cannot be used, but only transferred from hand-to-hand is the fundamental feature of a pyramid scheme.

[carlisle1]

now you are just showing your desperation in the market regarding the price, specially since you copy pasted the same bullshit in another topic with the title Don't buy Bitcoin because it won't be fine.
it is really sad how some people don't know how to make profit and have to succumb to these methods

So you caught this copy pasting noob huh?Why not reported to the mods and DT for the right action since this is prohibited by the forum
This desperate human about the value of bitcoin wanted to bring the price down so they can easily buy and wait when the market rose again

[QuestionAuthority]

Don’t be an idiot. Bitcoin is not a Ponzi scheme. It’s a vehicle developed to support criminal activity and long cons.

Whatever the motives behind the Bitcoin's development, it still cannot be consumed by nobody in its circulation chain. Meaning, profit or benefit for investors, criminal or not, can be obtained only by using funds from new investors. Hence, Ponzi scheme.

It is definitely NOT a Ponzi scheme.  In a Ponzi scheme early investors make money off of newly injected money into the system.  With bitcoin, criminals make money by using an uncontrolled unregulated transfer of value system or con men use various schemes to convince people to send them their money using an unregulated irreversible currency.

[Woolles890]

I feel that if bitcoin provides good benefits for my daily life, the development of bitcoin makes me curious to continue to involve myself in it. Bitcoin does have an uncontrolled value but being able to be viral when it was the fantastic value. If we can manage bitcoin well then we will not feel disappointed.

[jcmansah7]

That is your opinion about bitcoin and its investment strategies and no one is responsible to convince you to change your mind but i disagree with you about the fact that you are saying bitcoin will not be fine. Bitcoin is still within the growth process and acceptance which influences its value on the market a lot. Let's wait and see what the future holds for bitcoin investments.

[Tahir460pk]

Well as market drop down a solid number of people's are panic and pressurised and they regret why not they sold it before but as the expert's suggest they are positive and recommend to wait and hold for sometime and if money than some part invest.

[ethereumhunter]

Well as market drop down a solid number of people's are panic and pressurised and they regret why not they sold it before but as the expert's suggest they are positive and recommend to wait and hold for sometime and if money than some part invest.

That person will make a lot of profit when the market recovers later because they still had a lot of bitcoin in their wallet. We should know that in every investment will have a risk and we need to accept the risk before we take action. So related with buying bitcoin, I think we need to understand that when we buy bitcoin, we have two option which is we can make a lot of profit or we can get a loss if we are too late to sell the bitcoin. But even if we are late to sell the bitcoin, we still have a chance to sell it later because the price will increase higher and in that time, I am sure that we can make a lot of profit.

[fxsurfer]

Don’t be an idiot. Bitcoin is not a Ponzi scheme. It’s a vehicle developed to support criminal activity and long cons.

Whatever the motives behind the Bitcoin's development, it still cannot be consumed by nobody in its circulation chain. Meaning, profit or benefit for investors, criminal or not, can be obtained only by using funds from new investors. Hence, Ponzi scheme.

It is definitely NOT a Ponzi scheme.  In a Ponzi scheme early investors make money off of newly injected money into the system.  With bitcoin, criminals make money by using an uncontrolled unregulated transfer of value system or con men use various schemes to convince people to send them their money using an unregulated irreversible currency.

Well, criminals are just people who have committed a crime and as such they are not immune to Ponzi schemes. A Ponzis scheme is NOT when early investors make money off of newly injected money into the system, because every investment fits that definition. For e.g.  if you had put 1000 USD into Apple stock at the beginning of the year, and sold it today, you, as an early investor, would have made money off of newly injected money into the system - which is injected by new investor, the buyer of your stocks. So, is Apple a Ponzi? No. A Ponzis scheme is when investors put in consumable resources  - resources with the capacity to be used, consumed or practically utilized by end consumers for satisfying their needs, and end up with non-consumable item which has no end consumers and as such it cannot be used by anyone. For e.g. a car is used by end consumers for driving, a dollar for settling loan obligations, food for providing nutritional support, a raw material for producing finished products etc. Hence, investing into dollar, car or food industry,  crude oil, etc., is a not a Ponzi scheme because funds are transfered into something that is used for satisfying actual human needs, and these needs are the very reason why economic activity that produces and trade consumable resources exists. But, when funds are transfered into bitcoin - a number associated with an address, this is a Ponzi scheme because this number cannot be used for satisfying actual human needs. Instead, it can only be transferred from hand-to-hand, from member-to-member, from address-to-address. If an owner of this address is criminal, nothing changed - Bitcoin is still a non-consumable item and thus, putting your funds into it is investment into a Ponzi scheme.

[qiwoman2]

Well, there is an argument here also because Bitcoin has a limited amount of coins, unlike FIAT, which for me is the biggest Ponzi of them all, because they keep printing more and more of it. I think Bitcoin is much less of a PONZI and has a technology attached to it, unlike paper money aka FIAT, which is just an IOU and it is only built on pure trust, that we trust the central banks and governments to give us what is the value written on that piece of paper. You know what? That same piece of paper ten years down the line will be worth a hell of a lot less than it is now and I won't be able to buy the same things then as I can now because the value will be dumped, unlike Bitcoin, which has more chance to go up because there will be less of it being mined every four years.

[gudjhonson]

I think that this bitcoin has good and extraordinary benefits, so if you buy bitcoin, you are good at managing it. With Bitcoin, we can learn to be patient in trading, if we have patience, we will find an advantage.

[Quitthis]

I'll take my chances

[chikading2016]

Well if you don't want to buy bitcoin maybe some other people wanted to buy it, and why you know that it won't be fine do you have a super power? I believe that bitcoin price or maybe volume is really unstable so if we can see that it is falling today we cannot really say that it will still fall tomorrow. Everything in crypto may change so all that we can really see is just a prediction and it doesn't have an assurance at all.

[bdc2343]

Currently, bitcoin is increasing, so why not buy bitcoin? As I see it, maybe these are some people who can not buy bitcoin or maybe gossip that makes people wanting BTC to make money is hesitant and afraid. But I like the meaning of this news .

[deppil]

Well as market drop down a solid number of people's are panic and pressurised and they regret why not they sold it before but as the expert's suggest they are positive and recommend to wait and hold for sometime and if money than some part invest.

Because many users who are still afraid and panic then make the market has not changed and recovered. because most investors are still hesitant so there has been no surprising change. this happens because there are too many FUDs like this topic. I hope not many people are consumed by this title and contribute to the dump

[walemil]

The choice to invest in bitcoin or not is yours so don't sound so sure that bitcoin is never going to be fine again. In my opinion, bitcoin has performed excellently well and has stood every possible test of time within the past ten years of existence.

[btc78]

Dont buy your story because it wont be true lol

Bitcoin is so fine and will get more finest in future,for over 10 years now this coin has given the people more opportunities in life.many jobless makes profit,students that gain money to support their studies and businessman becomes investors.this is what bitcoin is all about

[Muzika]

How can people say that bitcoin wont be fine especially when the market is stable and there is always something that can make the price raise up again like halving, maybe those people are trying to discourage others without any good reason that they will benefit in the end.

[JohnBitCo]

I agree with you. I also think that Bitcoin has no practical use. Many people say that Bitcoin will replace gold or legal tender, but the price of Bitcoin changes every second. This is very bad, isn't it? And the purchase and use of Bitcoin needs to go through the Internet, and the elderly and children can't do this!

This is just insane if you do not buy bitcoin now. Bitcoin is at a good support and I can bet that you will never ever see bitcoin below 6000$. If you are tech lover and you know about the future changes, then you will realize that bitcoin and other crypto currencies are here to stay.

[pundit]

only with a number associated with their bitcoin address. Since this number cannot be practically utilized like food or dollar, that means that investors engaged in a one-way transaction.

The dollar or any other fiat currency can not be practically utilized but are assigned a value by the banking sector of their country of origin. The dollar has no intrinsic value, no equal effort is put into making it, $5 cost as much as $100 bills.

Bitcoin is also a currency which is assigned a value, not by the banking sector but by the community as it is decentralized. And this value is designed to be higher than the cost of production.

The problem lies in the fact that you see BTC/USD pairs on exchanges, and it appears to be pegged to the US dollar.
With increased adoption it would gain more practical use and can be easily pegged to commodities or labour.
Of course there are limitations to such level of mass adoption, but that doesn't make it a ponzi scheme or a one way transaction protocol.

Completely agreed to your point, even if we think about gold, its just a metal but high demand has increased its value else its not a necessity for anyone, being a decentralize currency Bitcoin is accessible to everyone and w/o any third party intervention, its the common people who increase or decrease demand, one need not to be worried about bitcoin physical presence or its use till the time it has high demand.

[Gary Levanevskii]

I think that with Bitcoin and other good cryptocurrencies everything will be normal. Many projects can die, but strong and high-quality projects will survive.

[best ever]

when you buy bitcoin you should already know that bitcoin has a very high risk so when you want to buy bitcoin you have to be prepared to bear the risks that exist and preferably when you enter and buy bitcoin you already know how to trade properly and correctly

In comparison with the other cryptocurrencies, Bitcoin is the safest one. Its volatility now is very low, and BTC is the best investment now. In 2019 it will gain a lot as I believe.

[cryptoanalyze]

Just wondering why you are here if you have doubts of Bitcoin? Cant you read price charts? Bitcoin is on its consolidation phase, just take a look of 2014 price chart. After this we will see a massive price increase.

[Siti Nurbaya]

Bitcoin has a good future, so seeing bitcoin now provides good value, so don't hesitate to get bitcoin.
You will believe that this bitcoin has a future after you own and play it.

[Harvey-Connan]

that's ridiculous. If you don't believe in bitcoin, you can get out of bitcoin. Do not stay here and tell something like that. do you have any evidence when you  said that bitcoin won't be fine? As a bitcoin believer, i still believe in the future of bitcoin. I think this time is the best to buy bitcoin, it will grow quickly next year.

[Romeotom]

Bitcoin is the good most future profit coin,and many time give us proved it is the right currency.investment is the good makes future profit for the bitcoin.holding trading also bitcoin is the number one currency all of them.so I believe bitcoin and I have fell against 2017 year last month back to back my profit.

[Indai24]

Bitcoin is the good most future profit coin,and many time give us proved it is the right currency.investment is the good makes future profit for the bitcoin.holding trading also bitcoin is the number one currency all of them.so I believe bitcoin and I have fell against 2017 year last month back to back my profit.

Bitcoin proved its best already, though this time bitcoin is not in good standing however, many of us still believe that bitcoin will be fine.

[Twinscoin2017]

I believe that nobody knows the future of bitcoin. I believe that there are many people around that still buy bitcoin because everyone knows that any time bitcoin price may rise up high. And if we are going to buy today we can maybe earn rn a huge amount of profit in the near future if the price of bitcoin will rise. So I think holding is the best strategy for good.

[burky156]

What kind of topic is that? Are you Nostradamus? How could you possibly know that the bitcoin will not be fine? I think this is something very silly to say. I would recommend you to avoid speculations. You can't give us information about the price because you would lie, because you can't know it. We don't even know who really made the bitcoin or the cryptocurrency. There are big questions and no one is answering them. I love bitcoin and the other cryptos too, i am glad that they exist but thats all, we just don't know more..

[Smon]

Is not that right, right? Because I have seen the future of bitcoin, it is in February 2019 that the bitcoin price boom will rise sharply and that is the best time to sell if you want. But not buying it will make you regret so much until February next year  .

[lovesybitz]

You just stated the differences of Bitcoin and the Fiat currency, However, we should remember that bitcoin is decentralized while Fiat currency was centralized, meaning in centralization system in terms of fiat currency the government of each nation are the one who is able to control it. While on bitcoin they can't able to do that, that's why transfer bitcoin into fiat is always the way to convert it into a real money.

[Zainal-baguz]

if I actually buy bitcoin bro. my reason is because bitcoin is very good if we use to buy other cryiptocurrency. and bitcoin Very good for long-term investment ..

[fxsurfer]

What kind of topic is that? Are you Nostradamus? How could you possibly know that the bitcoin will not be fine? I think this is something very silly to say. I would recommend you to avoid speculations. You can't give us information about the price because you would lie, because you can't know it. We don't even know who really made the bitcoin or the cryptocurrency. There are big questions and no one is answering them. I love bitcoin and the other cryptos too, i am glad that they exist but thats all, we just don't know more..

How could I know? Well, I have clear empirical evidence that all financial schemes, where investors put in their consumable resources like dollars, goods or services, and then they end up only with a non-consumable thing like promise or non-binding record of investment, eventually collapse. Bitcoin is a non-binding record of investment and it exists in the form of a number associated with an address. As such, it is non-consumable, meaning it cannot be consumed by humans like car is consumed for driving, dollar for fulfilling loan obligations, food for providing nutritional support, a raw material for producing finished products, Microsoft Word for text editing, gold for jewelry making, etc. Hence, there is no way a bitcoin can provide benefit to anyone owning it. ... except, if new investor enters the bitcoin scheme by exchanging his consumable or benefit providing resources to an early investor in the scheme. Since there is no rational reason for investors to put their funds into an item nobody can benefit from, and since the supply of Greater Fools will eventually exhaust, Bitcoin will cease to exist. Meaning, it won't be fine.

[QuestionAuthority]

Don’t be an idiot. Bitcoin is not a Ponzi scheme. It’s a vehicle developed to support criminal activity and long cons.

Whatever the motives behind the Bitcoin's development, it still cannot be consumed by nobody in its circulation chain. Meaning, profit or benefit for investors, criminal or not, can be obtained only by using funds from new investors. Hence, Ponzi scheme.

It is definitely NOT a Ponzi scheme.  In a Ponzi scheme early investors make money off of newly injected money into the system.  With bitcoin, criminals make money by using an uncontrolled unregulated transfer of value system or con men use various schemes to convince people to send them their money using an unregulated irreversible currency.

Well, criminals are just people who have committed a crime and as such they are not immune to Ponzi schemes. A Ponzis scheme is NOT when early investors make money off of newly injected money into the system, because every investment fits that definition. For e.g.  if you had put 1000 USD into Apple stock at the beginning of the year, and sold it today, you, as an early investor, would have made money off of newly injected money into the system - which is injected by new investor, the buyer of your stocks. So, is Apple a Ponzi? No. A Ponzis scheme is when investors put in consumable resources  - resources with the capacity to be used, consumed or practically utilized by end consumers for satisfying their needs, and end up with non-consumable item which has no end consumers and as such it cannot be used by anyone. For e.g. a car is used by end consumers for driving, a dollar for settling loan obligations, food for providing nutritional support, a raw material for producing finished products etc. Hence, investing into dollar, car or food industry,  crude oil, etc., is a not a Ponzi scheme because funds are transfered into something that is used for satisfying actual human needs, and these needs are the very reason why economic activity that produces and trade consumable resources exists. But, when funds are transfered into bitcoin - a number associated with an address, this is a Ponzi scheme because this number cannot be used for satisfying actual human needs. Instead, it can only be transferred from hand-to-hand, from member-to-member, from address-to-address. If an owner of this address is criminal, nothing changed - Bitcoin is still a non-consumable item and thus, putting your funds into it is investment into a Ponzi scheme.

Wrong: https://en.m.wikipedia.org/wiki/Ponzi_scheme

“Ponzi scheme
A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.”

https://www.merriam-webster.com/dictionary/Ponzi%20scheme

“A Ponzi scheme is an investment scam that pays existing investors out of money invested by new investors, giving the appearance of earnings and profits where there are none. Ponzi schemes are also known as pyramid schemes.”

[walterz]

So what do you think about the bitcoin price in the next few years? Will it stay stable or it will crush down?
Because it's been stable for several months now and I'm starting to think about investing in bitcoin or altcoin

[Nhor1011]

    I thinks that's noy a good idea because we all know that bitcoin is one of the most strongest coin in crypto market and bitcoin is already tested that it will always survive whatever happen,so much better to think positive and buy more bitcoin.

[Myown55]

It is good that you understand the volatility of bitcoin. But several factors contribute to how high a digital currency will rise. Judging from bitcoin activities and its contribution to the world, it is obvious how soon bitcoin will move the world forward.

[mangsitin]

   I thinks that's noy a good idea because we all know that bitcoin is one of the most strongest coin in crypto market and bitcoin is already tested that it will always survive whatever happen,so much better to think positive and buy more bitcoin.

Yes, I agree with you, I have never been afraid to invest Bitcoin at any time, because Bitcoin never collapsed every year, prices always increase, because there are many factors that cause Bitcoin Prices to increase. One of them is because Bitcoin is a successful digital currency with technology that no institution has, with Bitcoin making transactions to any country at a low cost and anytime.

[Wong Kalong]

Bitcoin has high value and a future that is able to grow, so I believe that bitcoin has a good future and I try to get it through various stages.
I just think that bitcoin is worth keeping for the future.

[Boybugwal760820]

In my own opinion regarding to this statement is that bitcoin just like the other crypto currencies out there are very unpredictable just like the crypto market itself is very volatile so no one really knows if when will be the market value of bitcoin will gonna rise up and fall.

[gesdan]

buying a bitcoin is the people decision, if they think that bitcoin will rise up and they will get the profit from their investment, i think it will good, and if they dont believe it, i think its okay that they dont buy bitcoin anymore

[gorodi]

I agree with you. I also think that Bitcoin has no practical use. Many people say that Bitcoin will replace gold or legal tender, but the price of Bitcoin changes every second. This is very bad, isn't it? And the purchase and use of Bitcoin needs to go through the Internet, and the elderly and children can't do this!

3-5 years will pass, and everything will change. Bitcoin will be used everywhere. Not only traders and investors will deal with this cryptocurrency. I am on the side of those who buys BTC.

[beami]

Influencing people to buy bitcoin is a very risky thing to let people understand how bitcoin works first. And that decision can be made on their own. I myself still collect coins and want to buy bitcoin by waiting for lower prices, because I think bitcoin will give me a good future.

[andylioe78]

Bitcoin has been recorded to be used to buy real estate property. Bitcoin can be accepted in several online and offline stores by traders as a payment option. And it is even encouraged because some discount offers in bitcoin payments. Money is a resource that can be used to transfer money that can used from one party to another. on the other hand bitcoin is a mere record of the fact that investors provide resources that can be utilized in a Classic Ponzi scheme.

[alonelyorange]

Maybe you right with how bad of bitcoin situation at the first January until November, but I am not agree with your opinion about how bad situation of bitcoin and altcoin price bacause I think bitcoin will get back to higher price again some day.

[LinkinPrak]

Indeed the market situation has been red lately so many crypto currency players are hesitant to play bitcoin again. I am one of the people who is also doubtful about this situation. I am a crypto currency fighter who plays crypto currency without using capital so I am looking for the safe not to buy bitcoin. I am afraid of the bitcoin price fluctuations because if I take the wrong opportunity then I will experience a huge loss. Indeed the decision I made not to buy bitcoin is also not good because the market situation will take longer to reach normal conditions. But I have not dared to take big risks.

[fxsurfer]

Don’t be an idiot. Bitcoin is not a Ponzi scheme. It’s a vehicle developed to support criminal activity and long cons.

Whatever the motives behind the Bitcoin's development, it still cannot be consumed by nobody in its circulation chain. Meaning, profit or benefit for investors, criminal or not, can be obtained only by using funds from new investors. Hence, Ponzi scheme.

It is definitely NOT a Ponzi scheme.  In a Ponzi scheme early investors make money off of newly injected money into the system.  With bitcoin, criminals make money by using an uncontrolled unregulated transfer of value system or con men use various schemes to convince people to send them their money using an unregulated irreversible currency.

Well, criminals are just people who have committed a crime and as such they are not immune to Ponzi schemes. A Ponzis scheme is NOT when early investors make money off of newly injected money into the system, because every investment fits that definition. For e.g.  if you had put 1000 USD into Apple stock at the beginning of the year, and sold it today, you, as an early investor, would have made money off of newly injected money into the system - which is injected by new investor, the buyer of your stocks. So, is Apple a Ponzi? No. A Ponzis scheme is when investors put in consumable resources  - resources with the capacity to be used, consumed or practically utilized by end consumers for satisfying their needs, and end up with non-consumable item which has no end consumers and as such it cannot be used by anyone. For e.g. a car is used by end consumers for driving, a dollar for settling loan obligations, food for providing nutritional support, a raw material for producing finished products etc. Hence, investing into dollar, car or food industry,  crude oil, etc., is a not a Ponzi scheme because funds are transfered into something that is used for satisfying actual human needs, and these needs are the very reason why economic activity that produces and trade consumable resources exists. But, when funds are transfered into bitcoin - a number associated with an address, this is a Ponzi scheme because this number cannot be used for satisfying actual human needs. Instead, it can only be transferred from hand-to-hand, from member-to-member, from address-to-address. If an owner of this address is criminal, nothing changed - Bitcoin is still a non-consumable item and thus, putting your funds into it is investment into a Ponzi scheme.

Wrong: https://en.m.wikipedia.org/wiki/Ponzi_scheme

“Ponzi scheme
A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.”

https://www.merriam-webster.com/dictionary/Ponzi%20scheme

“A Ponzi scheme is an investment scam that pays existing investors out of money invested by new investors, giving the appearance of earnings and profits where there are none. Ponzi schemes are also known as pyramid schemes.”

These definitions are correct, but imprecise since an existing investor who bought an Apple stock and sell it immediately for a small profit would not have made money from company's profit or earnings but from funds invested by a new investor - the buyer of the stock. Hence, given the definitions you provided, Apple is Ponzi. As you can see, it is not solely the source of the profit what defines a Ponzi scheme. You must also consider the type of resource in which was invested. In the above example it was invested into resources such as buildings, machinery, equipment, vehicles and tools that Apple uses to produce their products. All these resources are consumable - they can provide benefit to a human. That is why investment into Apple is not investment into Ponzi. But, by investing into Bitcoin it was invested into number associated with an address, and this number obviously cannot be consumed by humans, but only transferred from address-to-address. That's why Bitcoin is a Ponzi scheme.

[Marta85]

Buy, do not be afraid to buy bitcoin and different crypt, I found a shop https://delta-miners.com/ there is everything for the extraction of cryptocurrency and believe me, the price pays for itself quickly. The store is good with fast delivery, the quality of the goods is excellent!

[KotiKo]

Indeed the market situation has been red lately so many crypto currency players are hesitant to play bitcoin again. I am one of the people who is also doubtful about this situation. I am a crypto currency fighter who plays crypto currency without using capital so I am looking for the safe not to buy bitcoin. I am afraid of the bitcoin price fluctuations because if I take the wrong opportunity then I will experience a huge loss. Indeed the decision I made not to buy bitcoin is also not good because the market situation will take longer to reach normal conditions. But I have not dared to take big risks.

Even in spite of the fact that we have been observing the red market for quite a long time, I do not cease to believe in successful investments in cryptocurrency. And even more so I never doubted bitcoin

[QuestionAuthority]

Don’t be an idiot. Bitcoin is not a Ponzi scheme. It’s a vehicle developed to support criminal activity and long cons.

Whatever the motives behind the Bitcoin's development, it still cannot be consumed by nobody in its circulation chain. Meaning, profit or benefit for investors, criminal or not, can be obtained only by using funds from new investors. Hence, Ponzi scheme.

It is definitely NOT a Ponzi scheme.  In a Ponzi scheme early investors make money off of newly injected money into the system.  With bitcoin, criminals make money by using an uncontrolled unregulated transfer of value system or con men use various schemes to convince people to send them their money using an unregulated irreversible currency.

Well, criminals are just people who have committed a crime and as such they are not immune to Ponzi schemes. A Ponzis scheme is NOT when early investors make money off of newly injected money into the system, because every investment fits that definition. For e.g.  if you had put 1000 USD into Apple stock at the beginning of the year, and sold it today, you, as an early investor, would have made money off of newly injected money into the system - which is injected by new investor, the buyer of your stocks. So, is Apple a Ponzi? No. A Ponzis scheme is when investors put in consumable resources  - resources with the capacity to be used, consumed or practically utilized by end consumers for satisfying their needs, and end up with non-consumable item which has no end consumers and as such it cannot be used by anyone. For e.g. a car is used by end consumers for driving, a dollar for settling loan obligations, food for providing nutritional support, a raw material for producing finished products etc. Hence, investing into dollar, car or food industry,  crude oil, etc., is a not a Ponzi scheme because funds are transfered into something that is used for satisfying actual human needs, and these needs are the very reason why economic activity that produces and trade consumable resources exists. But, when funds are transfered into bitcoin - a number associated with an address, this is a Ponzi scheme because this number cannot be used for satisfying actual human needs. Instead, it can only be transferred from hand-to-hand, from member-to-member, from address-to-address. If an owner of this address is criminal, nothing changed - Bitcoin is still a non-consumable item and thus, putting your funds into it is investment into a Ponzi scheme.

Wrong: https://en.m.wikipedia.org/wiki/Ponzi_scheme

“Ponzi scheme
A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.”

https://www.merriam-webster.com/dictionary/Ponzi%20scheme

“A Ponzi scheme is an investment scam that pays existing investors out of money invested by new investors, giving the appearance of earnings and profits where there are none. Ponzi schemes are also known as pyramid schemes.”

These definitions are correct, but imprecise since an existing investor who bought an Apple stock and sell it immediately for a small profit would not have made money from company's profit or earnings but from funds invested by a new investor - the buyer of the stock. Hence, given the definitions you provided, Apple is Ponzi. As you can see, it is not solely the source of the profit what defines a Ponzi scheme. You must also consider the type of resource in which was invested. In the above example it was invested into resources such as buildings, machinery, equipment, vehicles and tools that Apple uses to produce their products. All these resources are consumable - they can provide benefit to a human. That is why investment into Apple is not investment into Ponzi. But, by investing into Bitcoin it was invested into number associated with an address, and this number obviously cannot be consumed by humans, but only transferred from address-to-address. That's why Bitcoin is a Ponzi scheme.

You can’t just change the meaning of a word. You can call bitcoin a bad thing if you like but it’s not a Ponzi.

[Lexurdania]

Bitcoin not only used for transfer address to others address. If you are in certain country like Japan or Germany, you can use bitcoin for paying goods in merchant, restaurant etc.

[Marbelli]

I can tell you that right now you need to buy Bitcoin if you want to make money because from the beginning of 2019 it will start to grow very actively

[Ronaldcoin2017]

Bitcoin is still fine, the dip is really a normal thing in crypto. I see that the bitcoin is now on the huge dip that it seems like it's price so bored and slowly moving. But I've been on crypto for do long now and this things is already happens before it  is really normal and repeatetive. So I think the only thing we can do now is to hold because anytime bull run may runs and we need to have more patience.

[Twentyonepaylots]

There is an assumption that in December we can also go to 4k.

And about the use of the cue ball as a means of payment, it turns out interesting. A year ago, many PP rushed to add a cue ball as a means of payment, as well as payments to my mother. And now somehow everything smoothly removed this function ... I don’t really like it.

  It is individual choices whether to buy, invest or not to buy, invest in Bitcoin? we have a lot of news items being available for us, as reference on our investment in the Crypto market yet, one should consider the ups and down of the market and the correction after of such drop. Bitcoin/ Crytpo been here for more than 10 years now, if consumer's or investors do not believe on these, we can not have the crypto market as we speak/discuss.

[RadjorBlade]

Maybe you right with how bad of bitcoin situation at the first January until November, but I am not agree with your opinion about how bad situation of bitcoin and altcoin price bacause I think bitcoin will get back to higher price again some day.

Don't be too pessimistic about the price of bitcoin, because the price will rise again even though it's not as drastic as last year, but there is price movement because bitcoin is always volatile. Bitcoin trading occurs because there are people who sell and buy. The dynamics of this trade will create prices. So optimistic that the price of bitcoin will definitely rise again.

[apilpirman.bisnis]

We have waiting again for buying bitcoin right now, we have check at the last two month of the end year bitcoin price still not growing up and still down, we have waiting maybe until last month for checking how much of bitcoin is growing up.

[ngerok]

Bitcoin is still fine, the dip is really a normal thing in crypto. I see that the bitcoin is now on the huge dip that it seems like it's price so bored and slowly moving. But I've been on crypto for do long now and this things is already happens before it  is really normal and repeatetive. So I think the only thing we can do now is to hold because anytime bull run may runs and we need to have more patience.

yes, I agree with you, I'm sure with Bitcoin. what I did when the market went down was to buy bitcoin because I thought this was an opportunity to buy at a cheap price and wait until the price went up, then sell and I would get a profit.

[giagia95]

Thank you for your project, let me know when we can start on the delivery of the token.

[kokobaba880]

Bitcoin is good to buy and it is important for us that if we use online shooing we have to keep crypto for payment purpose and i want to buy bitcoin for short term because i think that price of bitcoin will rise soon so for three months i want to keep bitcoin in safe wallet and short term buying is not a bad thing but if you are a wise person you have to keep bitcoin with you.

[bummm]

Bitcoin is the good most future profit coin,and many time give us proved it is the right currency.investment is the good makes future profit for the bitcoin.holding trading also bitcoin is the number one currency all of them.so I believe bitcoin and I have fell against 2017 year last month back to back my profit.

Bitcoin proved its best already, though this time bitcoin is not in good standing however, many of us still believe that bitcoin will be fine.

All the guys that know about the advantages of the cryptocurrency will simple laugh when they read something like that : "do not buy Bitcoins". They know the real value of BTC and its advantages.

[PlusOne88]

You might have misunderstood what bitcoin is really all about. It is not really because it is not physical like money that it cannot be used. Apology to you but I must disagree with some ideas you have posted. While some of your ideas is correct and bitcoin appears to be more like a ponzi scheme but honestly it is not what it is intended to be. Who cause it to become a fraud as you might have think are the ways people use it. It is like a knife in the kitchen that is supposed to cut meat but can be used to do murder. Yet it was just a tool and who uses it makes it either good or bad. The judgement must be based on the users and not to the tool itself. Can you not buy a product using bitcoin? Can you not use it daily given that there are stores accepting it? Can you not create any demand for it? If not then I would say you are perfectly right and it is all just a matter of transfer. But bitcoin is something that can be utilized though for now it doesn't get as much support that it needs. People keep holding it for nothing but waiting for the price to move up and sell it in order to gain. This is what makes it appear more like a Ponzi scheme. The people who created bitcoin a different character when it was intended not to be what it is now. Just don't be so negative about bitcoin. You want to change things? then do it now! Build your stores accept bitcoin payments and you can create new demands and opportunities for earning money the realistic way as it was meant to be.

[fxsurfer]

Don’t be an idiot. Bitcoin is not a Ponzi scheme. It’s a vehicle developed to support criminal activity and long cons.

Whatever the motives behind the Bitcoin's development, it still cannot be consumed by nobody in its circulation chain. Meaning, profit or benefit for investors, criminal or not, can be obtained only by using funds from new investors. Hence, Ponzi scheme.

It is definitely NOT a Ponzi scheme.  In a Ponzi scheme early investors make money off of newly injected money into the system.  With bitcoin, criminals make money by using an uncontrolled unregulated transfer of value system or con men use various schemes to convince people to send them their money using an unregulated irreversible currency.

Well, criminals are just people who have committed a crime and as such they are not immune to Ponzi schemes. A Ponzis scheme is NOT when early investors make money off of newly injected money into the system, because every investment fits that definition. For e.g.  if you had put 1000 USD into Apple stock at the beginning of the year, and sold it today, you, as an early investor, would have made money off of newly injected money into the system - which is injected by new investor, the buyer of your stocks. So, is Apple a Ponzi? No. A Ponzis scheme is when investors put in consumable resources  - resources with the capacity to be used, consumed or practically utilized by end consumers for satisfying their needs, and end up with non-consumable item which has no end consumers and as such it cannot be used by anyone. For e.g. a car is used by end consumers for driving, a dollar for settling loan obligations, food for providing nutritional support, a raw material for producing finished products etc. Hence, investing into dollar, car or food industry,  crude oil, etc., is a not a Ponzi scheme because funds are transfered into something that is used for satisfying actual human needs, and these needs are the very reason why economic activity that produces and trade consumable resources exists. But, when funds are transfered into bitcoin - a number associated with an address, this is a Ponzi scheme because this number cannot be used for satisfying actual human needs. Instead, it can only be transferred from hand-to-hand, from member-to-member, from address-to-address. If an owner of this address is criminal, nothing changed - Bitcoin is still a non-consumable item and thus, putting your funds into it is investment into a Ponzi scheme.

Wrong: https://en.m.wikipedia.org/wiki/Ponzi_scheme

“Ponzi scheme
A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.”

https://www.merriam-webster.com/dictionary/Ponzi%20scheme

“A Ponzi scheme is an investment scam that pays existing investors out of money invested by new investors, giving the appearance of earnings and profits where there are none. Ponzi schemes are also known as pyramid schemes.”

These definitions are correct, but imprecise since an existing investor who bought an Apple stock and sell it immediately for a small profit would not have made money from company's profit or earnings but from funds invested by a new investor - the buyer of the stock. Hence, given the definitions you provided, Apple is Ponzi. As you can see, it is not solely the source of the profit what defines a Ponzi scheme. You must also consider the type of resource in which was invested. In the above example it was invested into resources such as buildings, machinery, equipment, vehicles and tools that Apple uses to produce their products. All these resources are consumable - they can provide benefit to a human. That is why investment into Apple is not investment into Ponzi. But, by investing into Bitcoin it was invested into number associated with an address, and this number obviously cannot be consumed by humans, but only transferred from address-to-address. That's why Bitcoin is a Ponzi scheme.

You can’t just change the meaning of a word. You can call bitcoin a bad thing if you like but it’s not a Ponzi.

If no human being is able to use Bitcoin for satisfying his or her needs, but only transfer it to another's address, how can someone in Bitcoin circulation chain benefit from it? Well, only by leaving it. And in order to do something like that, a new investor must join the chain by bringing usable resources like dollar, car, food, mobile phone, software, share in a company, etc. These resuorces can then be actually used. Either for fulfilling loan obligations, driving, eating, sending and receiving phone calls, text editing or producing goods and services. So Bitcoin in itself is useless the same as membership in a Ponzi scheme and one can benefit from it only by leaving it.

[ansarose1]

Yes, we might say bitcoin is a invisible money, however it is a potential coin a digutal coin that has huge value, and by bitcoin investments, many got rich and many also earning huge profit fron it, so we can't conclude and just say not to buy bitcoin because it won't be fine.

[fxsurfer]

Bitcoin not only used for transfer address to others address. If you are in certain country like Japan or Germany, you can use bitcoin for paying goods in merchant, restaurant etc.

What is "paying for goods" if not transfer from address to address?

[hastag_80]

In a fraudulent investment scheme, like Ponzi, investors transfer their utilizable resources, be it money, goods or services, and then they end up with something which has zero utilization capacity, like promise or non-binding record of investment. After the investment, the only possible way for them to get utilizable resources back is if new investors join the scheme and in that way bring such resources with them.

The opposite is true in a legitimate investment business, where investors transfer one type of utilizable resource and in return they receive another type of such resource. An utilizable resource is anything that can be practically utilized by humans. For e.g. a car can be practically utilized for driving, a dollar for loan payments, a stock for participation in company's profitability, food for providing nutritional support, a raw material for producing finished products etc. Hence, an utilizable resource is not something that is just passed from hand-to-hand on a market for investing or speculation purposes, but something which has end consumers who will consume, utilize or otherwise put the thing to practical use. And this practical use by end consumers is why things got to the market in the first place. For e.g. dollars got to the market because they have end consumers in the form of borrowers the same as food has such consumers in hungry people. In other words, loan contracts and collaterals force people to use dollars for loan payments the same as hunger forces people to use food. Since all dollars (either paper or digital) are loan based, they are not just passed from hand to hand, but also utilized by borrowers who are forced to give goods and services to dollar investors, speculators, or regular users, when loan payment liability must be fulfilled. In the same way, hungry people are forced to give money, goods or services to food producers.

In a fraudulent investment scheme there are no end consumers, which is why a thing that lures members into the scheme is just passed from hand-to-hand, from member-to-member... until it is realized that the only profit can come from utilizable resources invested into the scheme.

And this finally brings us to bitcoin and the following question. When investors transfer their utilizable resources like money, goods or services into bitcoin do they end up with another utilizable resource, i.e. a resource which can be utilized by some end consumer? Well, the obvious answer is: no, they do not. Instead, they end up only with a record in a table (blockchain) or in other words, only with a number associated with their bitcoin address. And this number cannot be practically utilized like food is utilized by hungry people or dollar by borrowers, but it can only be passed from address-to-address, from hand-to-hand,  from member-to-member. And this is exactly how classical fraudulent schemes operate - they use something to lure people into the scheme, but the thing itself is non-utilizable, which is why it is just passed from one person to another. Once people realize that profit or utilizable resources can come from new investors only, the whole scheme collapses. And this is the ultimate fate of bitcoin. So, do not buy it.

Update 1:
I see a lot of posters are unable to differentiate between the terms "usage of bitcoin" and "transfer of bitcoin". "Using" X is not the same as "transferring X". If I say that iPhone has a use, that mens it is used as communicating device, music player, gaming console, camera, and so on. If I say that dollar has a use, that mens it is used by borrowers for fulfilling their loan obligations - which is the reason it came into existence in the first place. Passing iPhone or dollars from hand to hand is not usage - it is transfer. Nearly everything that is in existence has the capacity to be transferred from one person to another, either electronically or manually.

However, that does not mean that everything has the capacitly to be used, consumed or practically utilized for satisfying human needs. And it is the capacitly to satisfy human needs why things are produced and why they came to the market in the first place. For e.g. there are lots of people who have needs to consume goods or services they don't own. But how can they get them? Well, by borrowing them, with the implied or expressed intention of returning them back in the future. And here is where the banks kick in with their product - dollar. Dollar is produced by the banks to satisfy needs of these people. Its main feature is that it is composed of two crucial parts: contract and collateral. These components guarantee that borrowers who traded produced dollars to people for their goods and services, return goods and services back to them, which happens every time their contract obligates them to make loan payments.

Hence, dollar is product like food or clothing, with the capacity to be used, consumed or practically utilized by its end users - borrowers.

Bitcoin on the other hand has no such utilizable capacity - it cannot be used, which is why it can only be transferred - i.e. passed from address-to-address, from hand-to-hand, from member-to-member. In other words, in the bitcoin circulation chain, nobody is able use bitcoin, like in the case of dollars, goods, services and similar utilizable resources..., which is why such resources can be obtained from new investors only. And this is the definition of a classical ponzi or pyramid scheme.

Buying bitcoin is worthy in my own thought,because its a new resources or investment in new mellennial age and its like an asset that  you invest for your own future,even though we face a bearish situation of all price value,but we now for sure thats everythings will resolves soon in the certain proper amount of time,thats why we need patience to overcome this we face trials now about cryptocurrency.

[rumexx]

I do not understand this post in relation to bitcoin being called Ponzi or did I understand what the post is talking about. Let him come out to tell us that bitcoin is scam or Ponzi after more than a decade. Do you know that bitcoin has a fixed quantity of 21 million since inception meaning bitcoin can not increase in quantity but can only rise in market price and the developers of bitcoin never call it an investment but a P2P payment system. I will like to be part of a ponzi that will last for 10 years and continue to go strong.

[humanCNC]

The current btc price is $ 6k4. It is not a high price but it can be seen that the current market volatility is very stable, so why demand at a high price. Unless you are keeping many btc. With the current volatility  of the market, traders can still make a profit. Although the profit is not high, it is less risky with a upside-down  market.

[MostafaGamal]

A lot of speculation and a lot of expectations, I see that the situation is still difficult to predict, at any moment it is possible to rise significantly .. As we approached the end of the year

[dentolas]

sorry man, but if you think it through, bitcoin is money and serves the same purpose as money.
If I have a dollar in my bank account, if is digital money that I can use to buy something. With bitcoin is the same... there are just not so many places to use it yet...
Besides, on your purposed pyramid scheme, it shouldn't be possible for someone to exchange back the "pyramid good" for real money, and even impossible to make that exchange with profit... with bitcoin is...
I think the main issue here is what we consider "money" and thinking that way, dollars are so worthless as bitcoin
There is an excellent article that might help

https://medium.com/s/the-crypto-collection/you-dont-understand-bitcoin-because-you-think-money-is-real-5aef45b8e952

cheerrs

[fxsurfer]

In a fraudulent investment scheme, like Ponzi, investors transfer their utilizable resources, be it money, goods or services, and then they end up with something which has zero utilization capacity, like promise or non-binding record of investment. After the investment, the only possible way for them to get utilizable resources back is if new investors join the scheme and in that way bring such resources with them.

The opposite is true in a legitimate investment business, where investors transfer one type of utilizable resource and in return they receive another type of such resource. An utilizable resource is anything that can be practically utilized by humans. For e.g. a car can be practically utilized for driving, a dollar for loan payments, a stock for participation in company's profitability, food for providing nutritional support, a raw material for producing finished products etc. Hence, an utilizable resource is not something that is just passed from hand-to-hand on a market for investing or speculation purposes, but something which has end consumers who will consume, utilize or otherwise put the thing to practical use. And this practical use by end consumers is why things got to the market in the first place. For e.g. dollars got to the market because they have end consumers in the form of borrowers the same as food has such consumers in hungry people. In other words, loan contracts and collaterals force people to use dollars for loan payments the same as hunger forces people to use food. Since all dollars (either paper or digital) are loan based, they are not just passed from hand to hand, but also utilized by borrowers who are forced to give goods and services to dollar investors, speculators, or regular users, when loan payment liability must be fulfilled. In the same way, hungry people are forced to give money, goods or services to food producers.

In a fraudulent investment scheme there are no end consumers, which is why a thing that lures members into the scheme is just passed from hand-to-hand, from member-to-member... until it is realized that the only profit can come from utilizable resources invested into the scheme.

And this finally brings us to bitcoin and the following question. When investors transfer their utilizable resources like money, goods or services into bitcoin do they end up with another utilizable resource, i.e. a resource which can be utilized by some end consumer? Well, the obvious answer is: no, they do not. Instead, they end up only with a record in a table (blockchain) or in other words, only with a number associated with their bitcoin address. And this number cannot be practically utilized like food is utilized by hungry people or dollar by borrowers, but it can only be passed from address-to-address, from hand-to-hand,  from member-to-member. And this is exactly how classical fraudulent schemes operate - they use something to lure people into the scheme, but the thing itself is non-utilizable, which is why it is just passed from one person to another. Once people realize that profit or utilizable resources can come from new investors only, the whole scheme collapses. And this is the ultimate fate of bitcoin. So, do not buy it.

Update 1:
I see a lot of posters are unable to differentiate between the terms "usage of bitcoin" and "transfer of bitcoin". "Using" X is not the same as "transferring X". If I say that iPhone has a use, that mens it is used as communicating device, music player, gaming console, camera, and so on. If I say that dollar has a use, that mens it is used by borrowers for fulfilling their loan obligations - which is the reason it came into existence in the first place. Passing iPhone or dollars from hand to hand is not usage - it is transfer. Nearly everything that is in existence has the capacity to be transferred from one person to another, either electronically or manually.

However, that does not mean that everything has the capacitly to be used, consumed or practically utilized for satisfying human needs. And it is the capacitly to satisfy human needs why things are produced and why they came to the market in the first place. For e.g. there are lots of people who have needs to consume goods or services they don't own. But how can they get them? Well, by borrowing them, with the implied or expressed intention of returning them back in the future. And here is where the banks kick in with their product - dollar. Dollar is produced by the banks to satisfy needs of these people. Its main feature is that it is composed of two crucial parts: contract and collateral. These components guarantee that borrowers who traded produced dollars to people for their goods and services, return goods and services back to them, which happens every time their contract obligates them to make loan payments.

Hence, dollar is product like food or clothing, with the capacity to be used, consumed or practically utilized by its end users - borrowers.

Bitcoin on the other hand has no such utilizable capacity - it cannot be used, which is why it can only be transferred - i.e. passed from address-to-address, from hand-to-hand, from member-to-member. In other words, in the bitcoin circulation chain, nobody is able use bitcoin, like in the case of dollars, goods, services and similar utilizable resources..., which is why such resources can be obtained from new investors only. And this is the definition of a classical ponzi or pyramid scheme.

Buying bitcoin is worthy in my own thought,because its a new resources or investment in new mellennial age and its like an asset that  you invest for your own future,even though we face a bearish situation of all price value,but we now for sure thats everythings will resolves soon in the certain proper amount of time,thats why we need patience to overcome this we face trials now about cryptocurrency.

Well, the problem is that Bitcoin is not a resource. A resource is something that one can actually use, such as land, car, machinery, tools, building, dollar. The latter - dollar, originated from loan contact in the form of debt, which is why it is actually used, utilized or consumed when contract's obligations are being fulfilled, i.e. when borrowers make their loan payments to settle their debt. Bitcoin on the other hand is just number associated with an address, hence a mathematical abstraction that cannot be used by humans but only transferred from address to address, which is why it is not a resource but an useless object.

[fxsurfer]

sorry man, but if you think it through, bitcoin is money and serves the same purpose as money.
If I have a dollar in my bank account, if is digital money that I can use to buy something. With bitcoin is the same... there are just not so many places to use it yet...
Besides, on your purposed pyramid scheme, it shouldn't be possible for someone to exchange back the "pyramid good" for real money, and even impossible to make that exchange with profit... with bitcoin is...
I think the main issue here is what we consider "money" and thinking that way, dollars are so worthless as bitcoin
There is an excellent article that might help

https://medium.com/s/the-crypto-collection/you-dont-understand-bitcoin-because-you-think-money-is-real-5aef45b8e952

cheerrs

Money is something that one can actually use, be it gold which is used in electronics, jewelry and dentistry or dollar which is used by borrowers for settling their loan obligations. Hence, money has to have utilization capacity. Bitcon on the other hand, has zero utilization capacity - it cannot be used by anyone, which is why it can only passed from person to person, like promises of big returns are passed in a Ponzi scheme.

[fxsurfer]

I do not understand this post in relation to bitcoin being called Ponzi or did I understand what the post is talking about. Let him come out to tell us that bitcoin is scam or Ponzi after more than a decade. Do you know that bitcoin has a fixed quantity of 21 million since inception meaning bitcoin can not increase in quantity but can only rise in market price and the developers of bitcoin never call it an investment but a P2P payment system. I will like to be part of a ponzi that will last for 10 years and continue to go strong.

None of the things you said can change the fact that no one in the Bitcoin circulation chain can utilize Bitcoin, which is why it is useless the same as membership in a Ponzi scheme.

[Mr. R2712]

Money is something that one can actually use, be it gold which is used in electronics, jewelry and dentistry or dollar which is used by borrowers for settling their loan obligations. Hence, money has to have utilization capacity. Bitcon on the other hand, has zero utilization capacity - it cannot be used by anyone, which is why it can only passed from person to person, like promises of big returns are passed in a Ponzi scheme.

Wrong. If my need is to buy a product with gold I have to exchange it first, therefore gold is useless to my needs unless I exchange it for something usable. Also, if my need is to use dollars in japan, I cannot without exchanging them first, therefore dollars are useless to my needs unless I exchange them for yuan. If for some reason I can't exchange them, they're practically worthless. I guess I could wipe my ass with some dollar bills, or a huge chunk of gold tho, so let's say that they have a use that fullfills my needs after all... The fact that gold and dollars have uses for a specific industry means absolutely nothing for me if they don't fullfill my specific usage needs. Bitcoin on the other hand is not limited by borders or conversion to other currencies, therefore I can fulfill my need of using it anywhere it's accepted, unlike traditional money that I can't use. This fact will never change regardless of your opinion, definition of what usage means or other recycled arguments. Also, even if bitcoin was 100% stable and no profit could be made, then guess what, it would still be way more useful than any traditional currency.

[fxsurfer]

Money is something that one can actually use, be it gold which is used in electronics, jewelry and dentistry or dollar which is used by borrowers for settling their loan obligations. Hence, money has to have utilization capacity. Bitcon on the other hand, has zero utilization capacity - it cannot be used by anyone, which is why it can only passed from person to person, like promises of big returns are passed in a Ponzi scheme.

Wrong. If my need is to buy a product with gold I have to exchange it first, therefore gold is useless to my needs unless I exchange it for something usable. Also, if my need is to use dollars in japan, I cannot without exchanging them first, therefore dollars are useless to my needs unless I exchange them for yuan. If for some reason I can't exchange them, they're practically worthless. I guess I could wipe my ass with some dollar bills, or a huge chunk of gold tho, so let's say that they have a use that fullfills my needs after all... The fact that gold and dollars have uses for a specific industry means absolutely nothing for me if they don't fullfill my specific usage needs. Bitcoin on the other hand is not limited by borders or conversion to other currencies, therefore I can fulfill my need of using it anywhere it's accepted, unlike traditional money that I can't use. This fact will never change regardless of your opinion, definition of what usage means or other recycled arguments. Also, even if bitcoin was 100% stable and no profit could be made, then guess what, it would still be way more useful than any traditional currency.

Neither the dollar nor the gold have something to do with your needs, but with needs of people generally. The fact is that people use gold every day all over the world to fulfill their needs. The fact is that borrowers use dollars every single day to fulfill their needs to be free of loan debt. Hence, both dollar and gold are not just passed from hand-to-hand on a market for investing or speculation purposes, but they have end consumers who use them to fulfill their needs. And this usage by end consumers is why they got to the market in the first place. Bitcoin on the other hand has no end consumers, no human on Earth can use it for needs fulfillment, which is why it can only be passed from hand-to-hand like Ponzi membership.

[QuestionAuthority]

Don’t be an idiot. Bitcoin is not a Ponzi scheme. It’s a vehicle developed to support criminal activity and long cons.

Whatever the motives behind the Bitcoin's development, it still cannot be consumed by nobody in its circulation chain. Meaning, profit or benefit for investors, criminal or not, can be obtained only by using funds from new investors. Hence, Ponzi scheme.

It is definitely NOT a Ponzi scheme.  In a Ponzi scheme early investors make money off of newly injected money into the system.  With bitcoin, criminals make money by using an uncontrolled unregulated transfer of value system or con men use various schemes to convince people to send them their money using an unregulated irreversible currency.

Well, criminals are just people who have committed a crime and as such they are not immune to Ponzi schemes. A Ponzis scheme is NOT when early investors make money off of newly injected money into the system, because every investment fits that definition. For e.g.  if you had put 1000 USD into Apple stock at the beginning of the year, and sold it today, you, as an early investor, would have made money off of newly injected money into the system - which is injected by new investor, the buyer of your stocks. So, is Apple a Ponzi? No. A Ponzis scheme is when investors put in consumable resources  - resources with the capacity to be used, consumed or practically utilized by end consumers for satisfying their needs, and end up with non-consumable item which has no end consumers and as such it cannot be used by anyone. For e.g. a car is used by end consumers for driving, a dollar for settling loan obligations, food for providing nutritional support, a raw material for producing finished products etc. Hence, investing into dollar, car or food industry,  crude oil, etc., is a not a Ponzi scheme because funds are transfered into something that is used for satisfying actual human needs, and these needs are the very reason why economic activity that produces and trade consumable resources exists. But, when funds are transfered into bitcoin - a number associated with an address, this is a Ponzi scheme because this number cannot be used for satisfying actual human needs. Instead, it can only be transferred from hand-to-hand, from member-to-member, from address-to-address. If an owner of this address is criminal, nothing changed - Bitcoin is still a non-consumable item and thus, putting your funds into it is investment into a Ponzi scheme.

Wrong: https://en.m.wikipedia.org/wiki/Ponzi_scheme

“Ponzi scheme
A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.”

https://www.merriam-webster.com/dictionary/Ponzi%20scheme

“A Ponzi scheme is an investment scam that pays existing investors out of money invested by new investors, giving the appearance of earnings and profits where there are none. Ponzi schemes are also known as pyramid schemes.”

These definitions are correct, but imprecise since an existing investor who bought an Apple stock and sell it immediately for a small profit would not have made money from company's profit or earnings but from funds invested by a new investor - the buyer of the stock. Hence, given the definitions you provided, Apple is Ponzi. As you can see, it is not solely the source of the profit what defines a Ponzi scheme. You must also consider the type of resource in which was invested. In the above example it was invested into resources such as buildings, machinery, equipment, vehicles and tools that Apple uses to produce their products. All these resources are consumable - they can provide benefit to a human. That is why investment into Apple is not investment into Ponzi. But, by investing into Bitcoin it was invested into number associated with an address, and this number obviously cannot be consumed by humans, but only transferred from address-to-address. That's why Bitcoin is a Ponzi scheme.

You can’t just change the meaning of a word. You can call bitcoin a bad thing if you like but it’s not a Ponzi.

If no human being is able to use Bitcoin for satisfying his or her needs, but only transfer it to another's address, how can someone in Bitcoin circulation chain benefit from it? Well, only by leaving it. And in order to do something like that, a new investor must join the chain by bringing usable resources like dollar, car, food, mobile phone, software, share in a company, etc. These resuorces can then be actually used. Either for fulfilling loan obligations, driving, eating, sending and receiving phone calls, text editing or producing goods and services. So Bitcoin in itself is useless the same as membership in a Ponzi scheme and one can benefit from it only by leaving it.

There are many financial scams that you can compare bitcoin to that are not “Ponzi schemes”. Stop using the word Ponzi because it makes people not listen to you.

Bitcoin is NOT the same financial scam that Bernie Madhoff used. Bitcoin is more like Enron. Enron used a variety of deceptive, bewildering, and fraudulent accounting practices and tactics to cover its fraud in reporting Enron's financial information.  
Bitcoin exchanges, which are collectively used to set bitcoins price, use a variety of deceptive, bewildering, and fraudulent accounting practices and tactics to cover its fraud in reporting the exchange rate of bitcoin.

Insiders at Enron knew about the offshore accounts that were hiding losses for the company; the investors did not.
Bitcoin insiders like Roger Ver knew Mt Gox was cooking the books to hide losses; bitcoin holders did not.

Enron was the only company that would not release a balance sheet along with its earnings statements. Bitcoin exchanges are the only “banks” in the world that do not release balance sheets or earnings statements. There isn’t a single solitary person in the world that can confirm bitcoin exchange rates reflect actual correct volume.

As Enron executives sold their shares, the price began to decrease. Enron loyalists told investors to continue buying stock or hold steady if they already owned Enron because the stock price would rebound in the near future.
As Bitcoin early adopters and major investors sell their coin the price decreases. Bitcoin loyalists tell investors to continue buying bitcoin and hold steady if they already own bitcoin because the price will rebound in the near future.

Enron’s success was measured by undocumented financial statements, actual balance sheets were inconvenient. Enron's unscrupulous actions were often gambles to keep the deception going and so increase the stock price. An advancing price meant a continued infusion of investor capital on which debt-ridden Enron in large part subsisted.
Bitcoin’s success is measured by undocumented financial statements from exchanges, actual balance sheets are inconvenient. The worldwide system of exchanges unscrupulous actions are often gambles to keep the deception going and so increase the exchange rate. An advancing price means a continued infusion of investor capital on which a failing Bitcoin in large part exists.

Enron was diversified into online marketplace services, broadband services, commodities services, capital and risk management services, project development and management services and general international investments.
Bitcoin can claim the use of all of the above systems of diversification to hide the reality of actual value. All the while, bitcoin investors are told to hodl.

Enron operated the fraud for decades so don’t assume because bitcoin has been around 10 years its any safer. Even the former lead developer Gaven Andresen warned bitcoin users to “not invest anything they couldn’t afford to lose”.

You see, bitcoin is not a Ponzi. If anything, Bitcoin is a “distributed crime system”. However, unlike Enron, there is no single entity that can be held accountable. If you close one Mt Gox, BTCe, Tradehill, or Silk Road three more pop up in their place. You can lock up the criminal but you can’t stop the crime. Bitcoin is pure criminal brilliance.

[fxsurfer]

Don’t be an idiot. Bitcoin is not a Ponzi scheme. It’s a vehicle developed to support criminal activity and long cons.

Whatever the motives behind the Bitcoin's development, it still cannot be consumed by nobody in its circulation chain. Meaning, profit or benefit for investors, criminal or not, can be obtained only by using funds from new investors. Hence, Ponzi scheme.

It is definitely NOT a Ponzi scheme.  In a Ponzi scheme early investors make money off of newly injected money into the system.  With bitcoin, criminals make money by using an uncontrolled unregulated transfer of value system or con men use various schemes to convince people to send them their money using an unregulated irreversible currency.

Well, criminals are just people who have committed a crime and as such they are not immune to Ponzi schemes. A Ponzis scheme is NOT when early investors make money off of newly injected money into the system, because every investment fits that definition. For e.g.  if you had put 1000 USD into Apple stock at the beginning of the year, and sold it today, you, as an early investor, would have made money off of newly injected money into the system - which is injected by new investor, the buyer of your stocks. So, is Apple a Ponzi? No. A Ponzis scheme is when investors put in consumable resources  - resources with the capacity to be used, consumed or practically utilized by end consumers for satisfying their needs, and end up with non-consumable item which has no end consumers and as such it cannot be used by anyone. For e.g. a car is used by end consumers for driving, a dollar for settling loan obligations, food for providing nutritional support, a raw material for producing finished products etc. Hence, investing into dollar, car or food industry,  crude oil, etc., is a not a Ponzi scheme because funds are transfered into something that is used for satisfying actual human needs, and these needs are the very reason why economic activity that produces and trade consumable resources exists. But, when funds are transfered into bitcoin - a number associated with an address, this is a Ponzi scheme because this number cannot be used for satisfying actual human needs. Instead, it can only be transferred from hand-to-hand, from member-to-member, from address-to-address. If an owner of this address is criminal, nothing changed - Bitcoin is still a non-consumable item and thus, putting your funds into it is investment into a Ponzi scheme.

Wrong: https://en.m.wikipedia.org/wiki/Ponzi_scheme

“Ponzi scheme
A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.”

https://www.merriam-webster.com/dictionary/Ponzi%20scheme

“A Ponzi scheme is an investment scam that pays existing investors out of money invested by new investors, giving the appearance of earnings and profits where there are none. Ponzi schemes are also known as pyramid schemes.”

These definitions are correct, but imprecise since an existing investor who bought an Apple stock and sell it immediately for a small profit would not have made money from company's profit or earnings but from funds invested by a new investor - the buyer of the stock. Hence, given the definitions you provided, Apple is Ponzi. As you can see, it is not solely the source of the profit what defines a Ponzi scheme. You must also consider the type of resource in which was invested. In the above example it was invested into resources such as buildings, machinery, equipment, vehicles and tools that Apple uses to produce their products. All these resources are consumable - they can provide benefit to a human. That is why investment into Apple is not investment into Ponzi. But, by investing into Bitcoin it was invested into number associated with an address, and this number obviously cannot be consumed by humans, but only transferred from address-to-address. That's why Bitcoin is a Ponzi scheme.

You can’t just change the meaning of a word. You can call bitcoin a bad thing if you like but it’s not a Ponzi.

If no human being is able to use Bitcoin for satisfying his or her needs, but only transfer it to another's address, how can someone in Bitcoin circulation chain benefit from it? Well, only by leaving it. And in order to do something like that, a new investor must join the chain by bringing usable resources like dollar, car, food, mobile phone, software, share in a company, etc. These resuorces can then be actually used. Either for fulfilling loan obligations, driving, eating, sending and receiving phone calls, text editing or producing goods and services. So Bitcoin in itself is useless the same as membership in a Ponzi scheme and one can benefit from it only by leaving it.

There are many financial scams that you can compare bitcoin to that are not “Ponzi schemes”. Stop using the word Ponzi because it makes people not listen to you.

Bitcoin is NOT the same financial scam that Bernie Madhoff used. Bitcoin is more like Enron. Enron used a variety of deceptive, bewildering, and fraudulent accounting practices and tactics to cover its fraud in reporting Enron's financial information.  
Bitcoin exchanges, which are collectively used to set bitcoins price, use a variety of deceptive, bewildering, and fraudulent accounting practices and tactics to cover its fraud in reporting the exchange rate of bitcoin.

Insiders at Enron knew about the offshore accounts that were hiding losses for the company; the investors did not.
Bitcoin insiders like Roger Ver knew Mt Gox was cooking the books to hide losses; bitcoin holders did not.

Enron was the only company that would not release a balance sheet along with its earnings statements. Bitcoin exchanges are the only “banks” in the world that do not release balance sheets or earnings statements. There isn’t a single solitary person in the world that can confirm bitcoin exchange rates reflect actual correct volume.

As Enron executives sold their shares, the price began to decrease. Enron loyalists told investors to continue buying stock or hold steady if they already owned Enron because the stock price would rebound in the near future.
As Bitcoin early adopters and major investors sell their coin the price decreases. Bitcoin loyalists tell investors to continue buying bitcoin and hold steady if they already own bitcoin because the price will rebound in the near future.

Enron’s success was measured by undocumented financial statements, actual balance sheets were inconvenient. Enron's unscrupulous actions were often gambles to keep the deception going and so increase the stock price. An advancing price meant a continued infusion of investor capital on which debt-ridden Enron in large part subsisted.
Bitcoin’s success is measured by undocumented financial statements from exchanges, actual balance sheets are inconvenient. The worldwide system of exchanges unscrupulous actions are often gambles to keep the deception going and so increase the exchange rate. An advancing price means a continued infusion of investor capital on which a failing Bitcoin in large part exists.

Enron was diversified into online marketplace services, broadband services, commodities services, capital and risk management services, project development and management services and general international investments.
Bitcoin can claim the use of all of the above systems of diversification to hide the reality of actual value. All the while, bitcoin investors are told to hodl.

Enron operated the fraud for decades so don’t assume because bitcoin has been around 10 years its any safer. Even the former lead developer Gaven Andresen warned bitcoin users to “not invest anything they couldn’t afford to lose”.

You see, bitcoin is not a Ponzi. If anything, Bitcoin is a “distributed crime system”. However, unlike Enron, there is no single entity that can be held accountable. If you close one Mt Gox, BTCe, Tradehill, or Silk Road three more pop up in their place. You can lock up the criminal but you can’t stop the crime. Bitcoin is pure criminal brilliance.

Thanks for your contribution. But, I am not talking about Bitcoin from the perspective of price manipulation, but from the perspective of ownership. Regardless of the price, Bitcoin owners have nothing they can practically utilize, and this is the same as in classical Ponzi, or similar financial schemes.

[QuestionAuthority]

Don’t be an idiot. Bitcoin is not a Ponzi scheme. It’s a vehicle developed to support criminal activity and long cons.

Whatever the motives behind the Bitcoin's development, it still cannot be consumed by nobody in its circulation chain. Meaning, profit or benefit for investors, criminal or not, can be obtained only by using funds from new investors. Hence, Ponzi scheme.

It is definitely NOT a Ponzi scheme.  In a Ponzi scheme early investors make money off of newly injected money into the system.  With bitcoin, criminals make money by using an uncontrolled unregulated transfer of value system or con men use various schemes to convince people to send them their money using an unregulated irreversible currency.

Well, criminals are just people who have committed a crime and as such they are not immune to Ponzi schemes. A Ponzis scheme is NOT when early investors make money off of newly injected money into the system, because every investment fits that definition. For e.g.  if you had put 1000 USD into Apple stock at the beginning of the year, and sold it today, you, as an early investor, would have made money off of newly injected money into the system - which is injected by new investor, the buyer of your stocks. So, is Apple a Ponzi? No. A Ponzis scheme is when investors put in consumable resources  - resources with the capacity to be used, consumed or practically utilized by end consumers for satisfying their needs, and end up with non-consumable item which has no end consumers and as such it cannot be used by anyone. For e.g. a car is used by end consumers for driving, a dollar for settling loan obligations, food for providing nutritional support, a raw material for producing finished products etc. Hence, investing into dollar, car or food industry,  crude oil, etc., is a not a Ponzi scheme because funds are transfered into something that is used for satisfying actual human needs, and these needs are the very reason why economic activity that produces and trade consumable resources exists. But, when funds are transfered into bitcoin - a number associated with an address, this is a Ponzi scheme because this number cannot be used for satisfying actual human needs. Instead, it can only be transferred from hand-to-hand, from member-to-member, from address-to-address. If an owner of this address is criminal, nothing changed - Bitcoin is still a non-consumable item and thus, putting your funds into it is investment into a Ponzi scheme.

Wrong: https://en.m.wikipedia.org/wiki/Ponzi_scheme

“Ponzi scheme
A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources.”

https://www.merriam-webster.com/dictionary/Ponzi%20scheme

“A Ponzi scheme is an investment scam that pays existing investors out of money invested by new investors, giving the appearance of earnings and profits where there are none. Ponzi schemes are also known as pyramid schemes.”

These definitions are correct, but imprecise since an existing investor who bought an Apple stock and sell it immediately for a small profit would not have made money from company's profit or earnings but from funds invested by a new investor - the buyer of the stock. Hence, given the definitions you provided, Apple is Ponzi. As you can see, it is not solely the source of the profit what defines a Ponzi scheme. You must also consider the type of resource in which was invested. In the above example it was invested into resources such as buildings, machinery, equipment, vehicles and tools that Apple uses to produce their products. All these resources are consumable - they can provide benefit to a human. That is why investment into Apple is not investment into Ponzi. But, by investing into Bitcoin it was invested into number associated with an address, and this number obviously cannot be consumed by humans, but only transferred from address-to-address. That's why Bitcoin is a Ponzi scheme.

You can’t just change the meaning of a word. You can call bitcoin a bad thing if you like but it’s not a Ponzi.

If no human being is able to use Bitcoin for satisfying his or her needs, but only transfer it to another's address, how can someone in Bitcoin circulation chain benefit from it? Well, only by leaving it. And in order to do something like that, a new investor must join the chain by bringing usable resources like dollar, car, food, mobile phone, software, share in a company, etc. These resuorces can then be actually used. Either for fulfilling loan obligations, driving, eating, sending and receiving phone calls, text editing or producing goods and services. So Bitcoin in itself is useless the same as membership in a Ponzi scheme and one can benefit from it only by leaving it.

There are many financial scams that you can compare bitcoin to that are not “Ponzi schemes”. Stop using the word Ponzi because it makes people not listen to you.

Bitcoin is NOT the same financial scam that Bernie Madhoff used. Bitcoin is more like Enron. Enron used a variety of deceptive, bewildering, and fraudulent accounting practices and tactics to cover its fraud in reporting Enron's financial information.  
Bitcoin exchanges, which are collectively used to set bitcoins price, use a variety of deceptive, bewildering, and fraudulent accounting practices and tactics to cover its fraud in reporting the exchange rate of bitcoin.

Insiders at Enron knew about the offshore accounts that were hiding losses for the company; the investors did not.
Bitcoin insiders like Roger Ver knew Mt Gox was cooking the books to hide losses; bitcoin holders did not.

Enron was the only company that would not release a balance sheet along with its earnings statements. Bitcoin exchanges are the only “banks” in the world that do not release balance sheets or earnings statements. There isn’t a single solitary person in the world that can confirm bitcoin exchange rates reflect actual correct volume.

As Enron executives sold their shares, the price began to decrease. Enron loyalists told investors to continue buying stock or hold steady if they already owned Enron because the stock price would rebound in the near future.
As Bitcoin early adopters and major investors sell their coin the price decreases. Bitcoin loyalists tell investors to continue buying bitcoin and hold steady if they already own bitcoin because the price will rebound in the near future.

Enron’s success was measured by undocumented financial statements, actual balance sheets were inconvenient. Enron's unscrupulous actions were often gambles to keep the deception going and so increase the stock price. An advancing price meant a continued infusion of investor capital on which debt-ridden Enron in large part subsisted.
Bitcoin’s success is measured by undocumented financial statements from exchanges, actual balance sheets are inconvenient. The worldwide system of exchanges unscrupulous actions are often gambles to keep the deception going and so increase the exchange rate. An advancing price means a continued infusion of investor capital on which a failing Bitcoin in large part exists.

Enron was diversified into online marketplace services, broadband services, commodities services, capital and risk management services, project development and management services and general international investments.
Bitcoin can claim the use of all of the above systems of diversification to hide the reality of actual value. All the while, bitcoin investors are told to hodl.

Enron operated the fraud for decades so don’t assume because bitcoin has been around 10 years its any safer. Even the former lead developer Gaven Andresen warned bitcoin users to “not invest anything they couldn’t afford to lose”.

You see, bitcoin is not a Ponzi. If anything, Bitcoin is a “distributed crime system”. However, unlike Enron, there is no single entity that can be held accountable. If you close one Mt Gox, BTCe, Tradehill, or Silk Road three more pop up in their place. You can lock up the criminal but you can’t stop the crime. Bitcoin is pure criminal brilliance.

Thanks for your contribution. But, I am not talking about Bitcoin from the perspective of price manipulation, but from the perspective of ownership. Regardless of the price, Bitcoin owners have nothing they can practically utilize, and this is the same as in classical Ponzi, or similar financial schemes.

No worries. I’m an early adopter, miner and investor. I already made all my money. From this point on, it’s the responsibility of all of the new major corporate investors to do their due diligence or risk massive losses. Prospective buyers need to evalute bitcoin for themselves and evaluate its commercial potential. I don’t care if they fail. I already laughed my way to the bank. 

[Harrow30]

Every is entitled to his/her opinion. But I can only agree on some parts of your analysis. I do contend with your conclusion as regards people being advised against buying bitcoin; that it won't be fine. I do think otherwise that the bitcoin will definitely rise later and become absolutely relevant and worth the buy now!

[Rolley Dragon]

You can not offer a viewpoint based on your point of view, it may not be good for you, but for others it is good.

[fxsurfer]

You can not offer a viewpoint based on your point of view, it may not be good for you, but for others it is good.

Saying that no one can use Bitcoin for needs fulfillment, like car is used for driving, dollar for settling loan debt, gold for making jewelry or software for editing text, is nor my point of view, but fact. No human being on Earth can use Bitcoin in that way. No human need can be fulfilled with number associated with someone's Bitcoin address. That is why when you buy Bitcoin you can sell it to 'greater fool' only, and not to an actual user who will practically utilize it for needs fulfillment. Besides Bitcoin and crypto, the only instances where one can make profit only via 'greater fool' are fraudulent investment schemes.

[DJ_Rick]

I think that you shouldn't give such advice because it is up to everyone to make a decision whether to buy it or not. For example, my decision is to buy! I think that btc is our future and it will be stable soon

[virtfund]

For now utilization capacity of bitcoin is very limited but it does not mean it will not change. We'll see days that bitcoin is in use like U.S. dollar or some other fiat currencies. It is a matter of time. Saying it cannot be used by anyone and it can only passed from person to person, like promises, makes no sense. There is a high pressure on bitcoin for years, because bitcoin is a decentralized money but it stands for years. If it does not have a potential, we can't see this progress just in a decade.

[mekie]

Be it $, £, Yen or any other currency, the pieces of paper be it a $10 note £10 note etc is only a promissory note-it has no intrinsic value. Infact on U.K. notes it actually says "I promise to pay the bearer on demand the sum of ..£ signed by the chief cashier of the Bank of England. Bank notes are essentially just a tool to make bartering more effective, and bitcoin and other crypto will do the job just as well if not better in a digital age. Money be it coins-crypto or otherwise are a means of transferring value nothing more.

The gold etc reserves that central banks hold is there to back up the promise-however don't expect if you visit the bank of england etc and ask for payment of your promissory note to have much luck.   

[pocketfullofpoke]

Contrary the title of the topic, i am regularly adding a chunk of bitcoin to my holdings while the market is down. It's the best way that i can do during this time and no matter how bad the negative news about bitcoin i read almost in every corner of cryptoworld news, i never feel down with it.

[Royline]

It may not be   OK for you, but for others it may be very good, so it is up to each person to make their own decisions.

[Rana590]

A lot of speculation and a lot of expectations, I see that the situation is still difficult to predict, at any moment it is possible to rise significantly .. As we approached the end of the year

It will be the good decision because at the end of this year, price will be recovering. You are right that prediction is very difficult now. There are a lot of time for bitcoin to recover the price again. By scaring about the price, we should not sell bitcoin with cheap price. It affects on reducing the price of the bitcoin.

[Gibreil]

Even bitcoin is struggling in its current position to the market, I want it to buy. Maybe, it won't be fine when I buy bitcoin because I am just a small investor. But regarding of its price, it may go up in upcoming years since 2018 is the correction phase of the market. We just invest right now and take advantage since the price is so low. Bitcoin can raise itself because it has many supporters. Assume that resistance will break in the future,

[Bonsaiav]

Although to this day the market has not shown the presence of a positive signal and is difficult for us to predict, I believe the market conditions will recover in ways and times that we cannot predict. But clearly, I personally really hope that the recovery in prices can occur quickly.

[setialovers]

In a few country, you can use bitcoin as currency not just transafer. Its true that many people still not able to use bitcoin in many country but i do believe that in near future, we will able to use bitcoin in many offline merchant and online merchant

[Asawakobana2017]

In a few country, you can use bitcoin as currency not just transafer. Its true that many people still not able to use bitcoin in many country but i do believe that in near future, we will able to use bitcoin in many offline merchant and online merchant

Bitcoin is always fine and it is really safe to used. But the people who used it really doesn't have a big patience. From the start we can all see that the bitcoin price is high on volatility which can really have a constant change anytime. So we didn't really need to say that this bitcoin won't be fine, because I believe that it is already fine and nothing's change won the feild.

[LastHope99]

Whether btc is going to be fine or not, that will not be decided in the next few years.

[fxsurfer]

In a few country, you can use bitcoin as currency not just transafer. Its true that many people still not able to use bitcoin in many country but i do believe that in near future, we will able to use bitcoin in many offline merchant and online merchant

It seems you don't actually know the meaning of the word "using". When one passes bitcoin from his address to another person's address, he is not using Bitcoin, but instead, he is transferring Bitcoin. Gold is for example "used" - by millions of women and men everyday to adorn their bodies. Cell phones are "used" - for calls or texting. Dollars are "used" - for settling loan debt. You don't need to sell gold, Dollars or cell phone to a greater fool to make money because these items are used for their inherent qualities, rather than for speculation only. Bitcoin on the other hand cannot be used by anybody anywhere since it is just a number associated with an address. That's why you can only transfer it to a greater fool for speculative purposes.

[dmcx]

A lot of speculation and a lot of expectations, I see that the situation is still difficult to predict, at any moment it is possible to rise significantly .. As we approached the end of the year

There are already signs of a bitcoin rise in the market, so why wait until the end of 2018? As I see it, this is just news that many people think should not be scammed, but in my opinion the mistake and how to overcome it is that we keep this move and witness the price of bitcoin increase. But it is not profitable for you

[manfredmann]

In a few country, you can use bitcoin as currency not just transafer. Its true that many people still not able to use bitcoin in many country but i do believe that in near future, we will able to use bitcoin in many offline merchant and online merchant

Probably, it will all depend on the outcome of bitcoin market price for 2018 and for the coming modifications of the system. For now, bitcoin has faced that much challenge. If given some time for bitcoin to modify and made adjustments then probably it would be easier for bitcoin to be used in an offline store as a mode of payment.

[jademaxxiss012]

OP your words are too long. I do not read them instead I just scan important details in your post. The highlight of it is the transfer of bitcoin. Bitcoin could not be used actually because it has no something that could be used as specified in your post and given a concrete example. I can only answer you that bitcoin could not be used because it has a fixed supply and should not be dissolve anytime. Only transfer and conversion of bitcoin will do.

[acholagi]

Basically, I don't like to do trading activities using bitcoin, therefore, I have never considered buying bitcoin only to invest.
I always use bitcoin to extend hosting and buy my equipment on the internet, when payments using bitcoin are accepted, then the step I take is to buy bitcoin on a local exchanger, then make a payment
that's it, I've never done a hodl for longer than 1 day, and you have no right to prohibit me from buying bitcoin again

[denmark00]

  any clues about what you are saying? For me, bitcoin will soon be more stable and return bitcoin 10k$, please do not make others scare and leave bitcoin.

[Valhalaa]

any clues about what you are saying? For me, bitcoin will soon be more stable and return bitcoin 10k$, please do not make others scare and leave bitcoin.

yeah same thought , bitcoin is stable , we must trust the holder and dont make any scare to investor just HODL
will rebound if we can hodl tight , some reason because hash war BCHSV AND ABC make me so annoyed so much

[Agamenon]

WTF I bought a lot of stuff with Bitcoins... and works... and now... It´s not money? it´s a ponzi? 

OK...

[kickdapa]

This is not new, mate. A lot of people told bitcoin is a scam, it is a Ponzi scheme from the beginning of Bitcoin creation! Who listened to them they are crying because they missed a golden opportunity to be something big! Many people were telling buy bitcoins as much as you can, who listened to them, they are now rich, millionaire and billionaire! So, You keep pushing people to not buying bitcoin anymore, only weak hand people will follow you.

[Cryptrx]

This right here is total misinformation, who told you you can't use bitcoin? We have seen thousands of places around the world where bitcoin is being accepted even thousands of bitcoin ATMs are out there so I don't see why anyone should say bitcoin has no use.

[suman mark]

bitcoin has a very good development but now somedays bitcoin market is very bed.in my opinion the market price really has been up quickly.i think the price go up and down like usual

[assyla]

you can play with words all you like but that will never change any facts about bitcoin.
bitcoin matches the definition of a currency, a medium of exchange and a payment system perfectly well https://en.wikipedia.org/wiki/Currency and it has been designed to do that in a decentralized manner and has been doing exactly that in the past 10 years.

Yeah you are right, although it is new to the world that there is a virtual money that does not have any physical form, because we grew up in a kind of money that we can usually touch or feel but because of the fact that science improves our society then it makes our way of living better.

[fxsurfer]

This right here is total misinformation, who told you you can't use bitcoin? We have seen thousands of places around the world where bitcoin is being accepted even thousands of bitcoin ATMs are out there so I don't see why anyone should say bitcoin has no use.

Usability is not transferability. When you transferred bitcoin to someone, all that has happened is change of ownership. Usability is utilization of the thing, not its transfer. For .e.g food is utilized by hungry people for the fulfillment of their hunger, dollars by people who were issued dollar loans for the fulfillment of their loan contracts, or picture by art lovers for the  fulfillment of their aesthetic senses. Bitcoin cannot be utilized - only transferred. But transferability in itself is useless - nearly everything that is in existence has the capacity to be transferred between people - from dirt to bitcoin.

[Arthurjone]

It will fine. I strongly believe in the promising future of bitcoin.

[EditorX]

Never buy anything you don’t understand. There are plenty of good investment opportunities in the world to spend time and money on one that you don’t understand. You can spend time researching bitcoin and ether to understand them better, but don’t invest money in them until you do.

[odolvlobo]

... dollars by people who were issued dollar loans for the fulfillment of their loan contracts, ...

Like dollars, you can use bitcoins to repay loans, right? So, Bitcoin is useful.

... But transferability in itself is useless ...

I think this is where your point becomes absurd and moot.

You write that food is useful, yet it is only useful to me if it is transferred to me. The usefulness of food depends on its transferability. Doesn't that make its transferability useful?

Also, you write that loans are what make money useful. Isn't a loan just an agreement to make transfers?

[Sobocirevo]

In a few country, you can use bitcoin as currency not just transafer. Its true that many people still not able to use bitcoin in many country but i do believe that in near future, we will able to use bitcoin in many offline merchant and online merchant

In developed countries, bitcoin is considered a digital currency so many accept it. Not only for paying online transactions, they also receive offline transactions. While in developing countries there are more who refuse with a common reason: protecting their citizens from losses. but I am optimistic, bitcoin will become the world currency, someday.

[fxsurfer]

... dollars by people who were issued dollar loans for the fulfillment of their loan contracts, ...

Like dollars, you can use bitcoins to repay loans, right? So, Bitcoin is useful.

... But transferability in itself is useless ...

I think this is where your point becomes absurd and moot.

You write that food is useful, yet it is only useful to me if it is transferred to me. The usefulness of food depends on its transferability. Doesn't that make its transferability useful?

Also, you write that loans are what make money useful. Isn't a loan just an agreement to make transfers?

For every dollar that is in circulation there is a borrower who used these dollars to borrow goods and services from the general public which is why he is legally obligated by the loan contract (backed by collateral) to return dollars back to the issuer (bank), and in the process have less purchasing power for the goods and services. This is how he "returns" borrowed goods and services back to the general public. Now, tell me, which Bitcoin miner has the obligation to return goods and services back to the general public, he received from them when he released Bitcoins into the circulation?

[globalking]

I don't agree with you this is the time to buy bitcoin as much as you can I doubt you cannot get bitcoin on this price in the near future.

[callyf]

Hello all
It is fine to but even dont buy and sell by any advice.its good search and do by your own

[fxsurfer]

I don't agree with you this is the time to buy bitcoin as much as you can I doubt you cannot get bitcoin on this price in the near future.

By what method did you determine that this is the time to buy if in the past the price of Bitcoin was at 0.001 USD, which is 99.99997 percent lower than current price?  

[KuyaBreezy]

many of the things you indicated here can also be reflected in our current financial system, the vast majority of our money is now electronic, I doubt very much that in the world there are enough dollars to meet the demand that would generate everyone to take their money at once and demand that it be in cash.

[Bonsaiav]

Hence, dollar is product like food or clothing, with the capacity to be used, consumed or practically utilized by its end users - borrowers.

We cannot deny that the existence of the dollar and other cash currencies always gets a place in the community and can be accepted by the wider community. Understandably, the dollar is a currency that is fully supported by the government, no wonder its existence is considered to have a broad and practical capacity.

Bitcoin on the other hand has no such utilizable capacity - it cannot be used, which is why it can only be transferred - i.e. passed from address-to-address, from hand-to-hand, from member-to-member. In other words, in the bitcoin circulation chain, nobody is able use bitcoin, like in the case of dollars, goods, services and similar utilizable resources..., which is why such resources can be obtained from new investors only.

Because, the existence of bitcoin has been complicated by the government with various restrictions, so that bitcoin cannot function properly, like fiat currencies produced by the government. But, have you ever imagined, what would happen, if bitcoin were adopted massively?

[bigbosma]

Despite the fact that the innovative form of bitcoin is not accepted by everyone, it is much more convenient than the usual dollars or other currencies. Therefore, it will continue to evolve.

[AiBBio]

It is just a panic! I think that this is not the end of Bitcoin, it is just a start. The winner is not who does not fall, but is who get up the first.

[kamilah147]

Despite the fact that the innovative form of bitcoin is not accepted by everyone, it is much more convenient than the usual dollars or other currencies. Therefore, it will continue to evolve.

the truth is not everyone accepts bitcoin at this time. but bitcoin can also develop continuously. Moreover, there are quite a lot of interested people, although not entirely interested people. but on the other hand the development of bitcoin is definitely a risk beside it. but we must face this risk not to be feared.

[nellakarisma]

if I'm Now Still using bitcoin bro. because I'm sure the price of bitcoin will improve. but for the time being I chose to make all the assets I owned into paper currency. like dollars and so on. then I invest short term in crypto

[lutfi-hasan]

Yes it is true, for now I am doing the same thing with you, which is to sell my Bitcoin into Fiat currency first, because currently the price is not conducive in the exchange market, I better wait for the price of Bitcoin to be deeper than the price recently. Because many rumors say that the price of Bitcoin will continue to fall.

[Boybugwal760820]

Well maybe that's your own opinion not to buy bitcoin maybe because you are thinking that bitcoin will never recover back to its glorious day when it has a very high market value but there are still many of our fellow crypto enthusiast that still believe that bitcoin will increase its market value and for them this is the right time to invest in bitcoin while their market value are on its lowest point.

[jcarlo]

Bitcoin far from called ponzi scheme. Bitcoin price determined by market and in fair supply and demand. If bitcoin is ponzi scheme, i am believe big financial institution will not investing in bitcoin but we know that bitcoin will be trade in ETF market

[Janation]

I don't agree with you this is the time to buy bitcoin as much as you can I doubt you cannot get bitcoin on this price in the near future.

As an investor, it is a great time to buy something that is cheap that will be having a great value in the future.

The Bitcoin price might be low but we must take advantage of this low price as it might be having a great price leap in the near future. We all know the price is volatile and we don't know what might happen but I think it will increase more in the future as people will be buying in this time when the price is low. I suggest investors of Bitcoin to take advantage of this opportunity.

[MakaveliTA]

If you don't believe in the long term don't buy, simple.

[Ronnie colman]

dont invest in what your not believe better to leave...

[MMS2017]

bitcoin is fine and i like it because of it's online features now a days while crypto is very good for online payment and now investing in this sector is the best option for me i am watching this market for last two years and i realize that in future it will have a big market.

[Callanta787]

Because its digital currency that's why many still believes its a scam ,in the future we won't have choice but to stick with digital currency and fiat will still be existing but only fewer people will keep fiat ,bitcoin and all other cryptocurrencies are the future

[odolvlobo]

For every dollar that is in circulation there is a borrower who used these dollars to borrow goods and services from the general public which is why he is legally obligated by the loan contract (backed by collateral) to return dollars back to the issuer (bank), and in the process have less purchasing power for the goods and services. This is how he "returns" borrowed goods and services back to the general public. Now, tell me, which Bitcoin miner has the obligation to return goods and services back to the general public, he received from them when he released Bitcoins into the circulation?

So, a dollar is useful because it is created by borrowing from a bank, but a bitcoin is not useful because isn't created by borrowing from a bank. What about the mode of creation make one useful and the other not useful?

[sfr2017]

I think it's the opposite is true don't sell your bitcoin and hold its and buy more is fine now it's my opinion

[Maheshkumar_Hrangkhawl]

Whenever the prices drop, I see a lot of threads here spreading FUD. But I have learnt my lesson. I first invested in Bitcoin in 2017. During that year there was a major crash due to the government policies in China. I also fell victim to the FUD and sold some of my coins. Now I am not going to repeat my mistake.

[Blakcwhite69]

Whenever the prices drop, I see a lot of threads here spreading FUD. But I have learnt my lesson. I first invested in Bitcoin in 2017. During that year there was a major crash due to the government policies in China. I also fell victim to the FUD and sold some of my coins. Now I am not going to repeat my mistake.

I hope your choice now makes good hope for you and some people who believe in Bitcoin will come back at a good price. The price of Bitcoin which is getting worse will make a long thought for anyone now.

[Haven7]

I still think btc has a future

[JackyChu]

Again and again, people are talking negatively about bitcoin but you must know that the bull run will soon appear and save this bad time, it will not die so easy.

[Bounty Don]

I think, you have wrong information about bitcoin. In this time market price of bitcoin is down so it is best opportunity for bitcoin investor. Today or tomorrow bitcoin price will again high, its confirm. Yes, it is true that for price fall every traders are facing some problem. But it is not bad, every markets happen this. It is markets reality. You can see this others product market.

[twa]

you can play with words all you like but that will never change any facts about bitcoin.
bitcoin matches the definition of a currency, a medium of exchange and a payment system perfectly well https://en.wikipedia.org/wiki/Currency and it has been designed to do that in a decentralized manner and has been doing exactly that in the past 10 years.

I agree with what you say in my opinion that bitcoin is a digital currency but cannot be used like a fiat currency, there may be a number of reasons that there is a legal issue that makes bitcoin difficult to become the applicable currency of course

[bummm]

I think it's the opposite is true don't sell your bitcoin and hold its and buy more is fine now it's my opinion

I will support your position. It is evident that the whales made everything to let Bitcoin fall. They are buying the cryptocurrency for cheap now to sell it later and make millions on these deals.

[Farahtenan]

"Buy bitcoin and go to sleep, and see a year later you will smile and want to have it again". This is what I have in mind about bitcoin. I still think positively that bitcoin still has value and continues to grow.

[wewe123]

Why are,  there are advice like this , do not buy bitcoin because it would not be fine , there is nothing wrong when you buy bitcoin now , and hold it for a while , now that the price is lower then it is a good time to buy bitcoin, or any othet altcoins in the market , it may benefits you in the future.

[ameliana]

Why are,  there are advice like this , do not buy bitcoin because it would not be fine , there is nothing wrong when you buy bitcoin now , and hold it for a while , now that the price is lower then it is a good time to buy bitcoin, or any othet altcoins in the market , it may benefits you in the future.

everyone has their own views about Bitcoin, so it's their right to decide what Bitcoin is.
but indeed if I personally also see Bitcoin still very good bought now even though the current price drops, this is the right time if you want to buy it. I'm sure if Bitcoin will be fine, all that is needed is time.

[sametyui73]

I will choose to believe that it will rise again.

[LupeKidman]

A lot of people told bitcoin is a scam, it is a Ponzi scheme from the beginning of Bitcoin creation! Who listened to them they are crying because they missed a golden opportunity to be something big! Many people were telling buy bitcoins as much as you can, who listened to them, they are now rich

[carlisle1]

you can play with words all you like but that will never change any facts about bitcoin.
bitcoin matches the definition of a currency, a medium of exchange and a payment system perfectly well https://en.wikipedia.org/wiki/Currency and it has been designed to do that in a decentralized manner and has been doing exactly that in the past 10 years.

I agree with what you say in my opinion that bitcoin is a digital currency but cannot be used like a fiat currency, there may be a number of reasons that there is a legal issue that makes bitcoin difficult to become the applicable currency of course

Do you know what you are saying?Zthere are some countries that treat bitcoin as fiat,just like in japan when the government adapted this number one cryptocurrency and let it function like what the fiat or Yen so this is a clear statement that bitcoin can be used as fiat the only difference is the physical and the digital but other than that they are same functions

[hisuka]

A lot of people told bitcoin is a scam, it is a Ponzi scheme from the beginning of Bitcoin creation! Who listened to them they are crying because they missed a golden opportunity to be something big! Many people were telling buy bitcoins as much as you can, who listened to them, they are now rich

Yes those people who believed in bitcoin as scam definitely will regret once price reaches to moon. We cannot force others to join right away in bitcoin. Almost coins drops so fast but probably the following year it will increase.

[bkbirge]

In a fraudulent investment scheme, like Ponzi, investors transfer their utilizable resources, be it money, goods or services, and then they end up with something which has zero utilization capacity, like promise or non-binding record of investment. After the investment, the only possible way for them to get utilizable resources back is if new investors join the scheme and in that way bring such resources with them.

BTC doesn't require new investors to maintain the illusion of value. It also does not have "zero utilization capacity." It does not have those Ponzi attributes. It may completely collapse at some point and/or all other crypto may tank or the tech transfer into something completely new, however that does not make it a Ponzi scheme.

[Wayan_Pedjeng]

When I purchased Bitcoin for the first time in 2017 (for $900 per coin), I never thought that a few months later it will give me 20x returns. After all that, I can't complain about the current prices. Even now, the prices are around 400% higher than my purchase price.

[sngwinner]

I do not even know whether you are confused. Did you really say Btc has no usage?? I have seen several instances where people use Btc to buy/pay for goods and services just like fiat do. People like you sit in an opportunity but never realizes it.

[Abal Abal]

yes, maybe for now it's not the right time to buy bitcoin, because I see it will continue to fall maybe it will reach $ 2500, maybe when the lowest price is really Bitcoin touch, I think it's the right time to buy it.

[trungquoc4622342]

The market is always changing, everything can change in the blink of an eye and bitcoin too. Value can not tell a good or potential coin but looking at the development process you will see the bitcoin has value or hip. At this moment, I see this is a new opportunity for me and will decide to buy some more BTC.

[yvesp110]

yes, maybe for now it's not the right time to buy bitcoin, because I see it will continue to fall maybe it will reach $ 2500, maybe when the lowest price is really Bitcoin touch, I think it's the right time to buy it.

But according to me this time is very perfect to buy bitcoin because now its price is low and i think it is a very good opportunity for us and it will not come again so we need to don't lose this good opportunity and buy more bitcoin and hold it till when it will reach again 20,000 usd.

[Valer4ik]

In this world, everything grows and everything falls, and even the cue ball is no exception. and only sectarians are unshakable, because they go to their goal, there is no confusion and vacillation.

and on the charts there is nothing to jerk off, if you are not a trader, and if you are a trader, then there’s no time for that. so we are engaged in mine, trade, promote the cue ball and everything will be.

p.s. a session of psychological assistance in the days of suffering flat is over or not 🙂

[Yusuf77]

I will choose to believe that it will rise again.

yes it is certain and I am also sure with that, bitcoin will definitely rise and the price will rise again. what we have to do is stay calm and believe that all that will happen, be patient and hold our coins until the price has begun to change.

[Sqooshy]

People have made lots of money with bitcoin, no it's not a Ponzi scheme you sell it just like anything else. Imagine that it's a piece of gold, just virtual.

[ogini]

There are so many reason why Bitcoin will be fine despised it decentralized nature,it is a digital currency that have been adopted by so many companies and the world is moving or drifting from fiat currency to digital currency.

[Wicked Sick]

Your definition of use is a little wrong, just like the theory of the value of things, usually the value that was given something was the cost of materials + the value of labor and added a percentage of profit at the end, but if you look at the economy is something organic in which buyers are the ones who dictate the price of things, such as what happened with bitcoin.

[M4NDELL]

In my opinion, the facts you have indicated cannot be causes for the fall of Bitcoin. The question has already been repeatedly discussed that Bitcoin does not fit into the traditional framework; customary economic laws do not work here. In any case, if he falls, it is not because he is an analogue of ponzi.

[abojamal]

I am sure that these miserable voices emerged when money emerged as an alternative to bartering
They were also more vocal and noisy when coins developed from metals that held it value as metal to
The paper is almost worth nothing
my dear Is the paper $ 100 class equal to this value or that everyone's recognition of that value made it valuable
Along with many factors
We are on the way to great adoption
Of course, guys answered all the points that you mentioned

In the end there is important advice for you
Run away from this hell if you think it is worthless.!!

[William.vk]

 it may go up in upcoming years since in 2019 is the correction phase of the market. We just invest right now and take advantage since the price is so low. Bitcoin can raise itself because it has many supporters. Assume that resistance will break in the future,

[primejia]

you can play with words all you like but that will never change any facts about bitcoin.
bitcoin matches the definition of a currency, a medium of exchange and a payment system perfectly well https://en.wikipedia.org/wiki/Currency and it has been designed to do that in a decentralized manner and has been doing exactly that in the past 10 years.

system of the future currency is only in the form of notes there is no real impact, but indeed like that advanced technology, if we do not want to keep abreast of the times, we will be eliminated in the world of trade, because the trading system is now how to pay it rarely use money cash, so for those of you who don't want to follow or understand bitcoin, you can be sure to be left behind by currency technology, which is now experiencing a transition, towards the digital era.

[TheKeyLongThumbI]

All the weak holders and newbie pretenders are now all shaken out in the market so I'm pretty sure bitcoin will be fine in the next months. Blockchain is very powerful and if all big shipments agreed to use bitcoin then it would stop the big losses of government from syndicated smuggling and then drive the price up quickly.

[dunkerey]

Bitcoin is not stable,  the price will always move. i still believe that bitcoin will rise again.

[Aris novianto]

now I have bought bitcoin, in January, the price of bitcoin will improve, I believe the price of bitcoin will be like it used to be, if you have capital, buy a bitcoin coin, we invest in the long run, we will definitely get a lot of profits

[3x2]

It is not that don't buy bitcoins but have due diligence as the loss is most probable at the moment.

[killat]

Nobody knows for sure if Btc will be fine or now, it's up to you to decide if you step in or not. The problem is that people invest more money than they can afford to risk/ lose and after that they panic sell in big loss when market is red.

Once you're that deep in the red, it makes no sense to sell whatsoever. If you sell now, you'll never recoup your money. So holding is the right choice. You either get out early for a small loss or you stick around until you get your money back.

[Jennifer.mathew731]

Whenever crypto markets are down, it makes sense that people would be cautious before investing. Bitcoin is particularly concerning because it has never fallen below the $5,000 this year or in the last 15 to 20 months. It has spooked many investors about the potential of bitcoin. Many professionals would say that investing in bitcoin or altcoins is just like committing a huge financial blunder. With the price hovering below $5000, any professional would be very careful before investing.
But one thing we should not forget is that the United States of America, Canada, Australia, the European Union, Finland, Belgium, the United Kingdom, Bulgaria, Germany, South Korea, Malta have accepted bitcoin or are on the verge of accepting it and there are hundreds of bitcoin trading deals going down every day on both centralized and decentralized exchanges. Even more, there are many deals happening offline. This means that for every bitcoin that’s sold, someone out there is buying it up. So the real question should be, how long will it take for bitcoin to recover and get back to its profitable price. Whatever be the case, one thing is becoming clear: the traders will play a vital role in determining if bitcoin and altcoins are rebound to profits or fall lower in price.

[Mayoreetre]

i'm thinking about invest bitcoin at this time. but still i see your post i think maybe i stay away this market. thanks you

[Oziotoo]

Just sitting and waiting is not an option, having on hand (wallets) a bunch of motley Shitkoins remains to be averaged ... again and again and again. And when growth happens (but this is not certain), it will turn out a profit, with a successful trade it can be quite good.

[Inosend]

You meant to say... `` don't embrace your future because it won't be fine" well its my money have decided to buy bitcoin with it

[iMark]

You meant to say... `` don't embrace your future because it won't be fine" well its my money have decided to buy bitcoin with it

lol of course you are free to use all your money for anything, actually OP only suggests not investing in bitcoin because he thinks the future of bitcoin is bad. it was just speculation for him. although prices are currently in poor condition. but the spread of bitcoin doesn't stop right? the adopso still continues? then everything is still fine

[Oziotoo]

The reversal will be and most likely will just have time in 2018, there is simply nowhere else to go and gradually begin to gain and then in January the baccot will give another impetus so that even the most inveterate skeptics will understand that it went and bought them all start to cut again. The whole question is where every reader of this topic will be at this time.

[Ezenwanyi]

I will say that if you have more money , please and please buy Bitcoin and etheruem.
Just bag as much as you can afford now that the price is relatively very low.
Do not be like those who never bought btc in 2009 and we're agonizing later.
Life itself is a risk .
So grab this risk that is Bitcoin and etheruem now.
Don't miss out because of fear and some unfounded rumours.

[Triwiyono]

every decision will have a risk. including by trying to invest in bitcoin, surely there will also be risks.
bitcoin if we are patient and smart, it will be very profitable. but if not, bitcoin will also be very detrimental. if you think not to buy bitcoin because it won't be fine, unlike other investors who want to look for profits, investors will continue to buy bitcoin if prices continue to be low because they believe that the price of bitcoin will rise.

[sinkfish]

i still believe in bitcoin and will continue to support bitcoin.

[Blocktopian88]

I've heard about some reasons why bitcoin won't be fine, it's from the people who have doubts about bitcoin, one of the reasons is that bitcoin doesn't own value preservation assets, nothing could guarantee for it.

[stiletos]

You transfer fiat in the form of electric signals over networks via plastic cards, sometimes via mobile apps; now what makes Bitcoin different? Maybe its because its not approved or supported by government, maybe its because its popular or became more popular than government backed central bank notes, you define Bitcoin as a ponzi, how ridiculous, even those who have been involved in ponzis would tell you there is no easier example of ponzis, than government backed financial institutions owned by government officials, friends and family. If you were under a government bank loan, paying interest on loans, you will realize sooner than later what banks truely are. Institutions built to enslave the common man while Governors, managers etc live in Porsche houses as a reward for doing nothing. Bitcoin isn't ponzi, its weakness is as a result of greed of a few, who ironical are banksters. 

[TheLoser]

To believe or not to believe in bitcoin everyone chooses himself. Now there are more advanced technologies than bitcoin, so I suppose that in the future bitcoin may be shifted from the first place.

[Thyristor]

People have made lots of money with bitcoin, no it's not a Ponzi scheme you sell it just like anything else. Imagine that it's a piece of gold, just virtual.

@fxsurfer this guy saying Bitcoin is a ponzi scheme this is personal matter so i have no comment. And i think he don't what is ponzi scheme.
Maximum people lost big big amount to invested in Bitcoin this is my personal SURVEY. Who people selling BTC in 2017 those are got rich and millionaire.

[Amevalentine]

for me bitcoin is not supposed to be good there is also a bad thing, i rate there is good and bad and i still survive here with bitcoin and i think it is good to depend on each one if this

[giacatluong]

I do not agree with this idea.We can still buy Bitcoin and keep the short-term still good. Although Bitcoin is down but does not mean it is not good and not potential. We buy it if it finds good with each personal.

[wdnj]

I do bought some BITCOIN at low and now i am just waiting.
To those who dont bought bitcoin will definitely in bad sides of the future.
We can see now a recovering market, and it will continue to grow!

[anume123]

It's better to buy bitcoins now because its price go down but also it's not easy to buy at this moment until the price of bitcoin continuing to decreasing its price at this days.

[bitfocus]

if you hate bitcoin this much, why are you even wasting your valuable time here? and why is such a crypto hater (you) spading crypto referral in signature forum-wide? - just double standard, making some catchy hate spreading post to get some referral signups!

[walemil]

If you are wise, you will ignore any negative news asking you not to buy bitcoin. Bitcoin is definitely going to be fine and you have to be part of it in order to have the experience. Buy now that the price is extremely low and wait for the great future ahead.

[biletskiy]

People have made lots of money with bitcoin, no it's not a Ponzi scheme you sell it just like anything else. Imagine that it's a piece of gold, just virtual.

Although it is really called the digital gold sometimes, it has nothing in common with the precious metal. Bitcoin volatility makes it unstable, and we never know if it goes up tomorrow or down.

[bigbosma]

I think that despite all the disadvantages of bitcoin, which you have described, as well as the current position of the market, it still remains a very promising investment. He has a great future as a currency.

[WebTera]

And I still believe that the prospects of bitcoin in the world are real, and we should not be afraid to invest in it as the best achievement of the financial sphere in the 21st century. I keep supporting him because I see a future in him.

[Lilmon]

The problem is that everything is based on the intrinsic value of bitcoin, you put examples with real objects and that have a utility in this world, but you forget that the value of things are given by people, so although for you bitcoin is worth nothing, that does not mean that for me the same thing happens, and if the price is falling is because there are real people who are losing faith in technology, but as long as you have a cumulus of followers and users everything will be fine.

[Elerntta]

People have made lots of money with bitcoin, no it's not a Ponzi scheme you sell it just like anything else. Imagine that it's a piece of gold, just virtual.

Although it is really called the digital gold sometimes, it has nothing in common with the precious metal. Bitcoin volatility makes it unstable, and we never know if it goes up tomorrow or down.

But the volatility of bitcoin allows us to earn it much faster than gold. In addition, we can invest in both proven gold and modern digital bitcoin technology.

[loveinberlin]

I think that it is impossible to predict whether it will be fine or not. To my mind, it will be great to see how btc will flourish and will become the main digital currency. To my mind, it will be fine!

[emililadjet]

The bitcoin Approaching the 0.618 fib retracement, will risk long positions here with tight stop loss. Good luck all 👍

[davide72]

now you are just showing your desperation in the market regarding the price, specially since you copy pasted the same bullshit in another topic with the title Don't buy Bitcoin because it won't be fine.
it is really sad how some people don't know how to make profit and have to succumb to these methods

Price is very good i am sure even with 1K dollars many people are in profit with bitcoin, so we can't complain about price,4K dollars is huge money still!

[jcarlo]

A lot of people told bitcoin is a scam, it is a Ponzi scheme from the beginning of Bitcoin creation! Who listened to them they are crying because they missed a golden opportunity to be something big! Many people were telling buy bitcoins as much as you can, who listened to them, they are now rich

Yes those people who believed in bitcoin as scam definitely will regret once price reaches to moon. We cannot force others to join right away in bitcoin. Almost coins drops so fast but probably the following year it will increase.

From many years ago, people always keep call bitcoin is scam but bitcoin always survive and the price growing more bigger. I am believe people who called bitcoin is a scam will regret because bitcoin price will reach highest price again and more.

[readygoaw]

I think that it is impossible to predict whether it will be fine or not. To my mind, it will be great to see how btc will flourish and will become the main digital currency. To my mind, it will be fine!

If we think logically, we will understand that finally, the price of Bitcoin will by very high. The number of BTC is limited. In several years, it will be the extremely expensive cryptocurrency used everywhere.

[gheawari431]

The problem is that everything is based on the intrinsic value of bitcoin, you put examples with real objects and that have a utility in this world, but you forget that the value of things are given by people, so although for you bitcoin is worth nothing, that does not mean that for me the same thing happens, and if the price is falling is because there are real people who are losing faith in technology, but as long as you have a cumulus of followers and users everything will be fine.

The intrinsic value of bitcoin is the value attached to bitcoin, which means that real bitcoin has a price that becomes a benchmark in a transaction. Because bitcoin is digital money, values ​​made are not based on real goods, such as gold. So, buying bitcoin is the same as buying trust, where all bitcoin owners have confidence that they have the benefit of bitcoin.

[PantherJonhny]

i agree with you. i think this is time of ico

[fileo]

Let us respect others opinion. Without consideration to others idea or known as opinion the person can be one sided. We should consider others views with regards to bitcoin existence. In fact, bitcoin is making noise in the world today. It is well known as volatile investment not stable at all the Times. The digital currency have its disadvantages to invest but it is real investment and somehow much better investment than real states.

[Sissebrahima]

I first bought Bitcoin in June 2017. During this year there was a large increase and then a large collapse due to various reasons. You can talk a lot about these reasons. I did not sell bitcoin in time. I regret it and swim the waves of the market with my Bitcoin. Now I am not going to sell, but my mistake is a life experience that is useful to me.

[Somsak-90]

Of course that it will be fine, it has been in the market for 10 years now, do your research. I am not claiming that BTC will be present in the market for ever and ever but, I don't think that it will cease to exist cause the price will drop to zero. Somewhere along the line, some new technology will be invented and some new super product will replace BTC but it will not happen any time soon.

[kucritt]

we all here have their own speculation about bitcoin. some people can said that bitcoin wont be fine in the future, but some people will said bitcoin will have the great future. so dont believe 100% people said on internet, you need to find by your own research

[jackg]

Anyone hate synthetic voices?

I’ve watched about half of the video and can’t watch any more...
Fiat currency value is controlled by the banks, who can lose as much money as they want as they know the government will just bail them out. I know people who earn money by being in their overdraft as the bank pays them to do it...

[Kuchiyose]

I think that it is impossible to predict whether it will be fine or not. To my mind, it will be great to see how btc will flourish and will become the main digital currency. To my mind, it will be fine!

Things that cannot be ascertained at this time because Bitcoin is not a virtual currency that can certainly predict prices will get worse or go up. A lot of changes occurred in the past year until now and the changes are very absurd. No one can confirm the price of Bitcoin next year.

[Dhaniii]

bitcoin is not going to be okay, bitcoin is very volatile and maybe very profitable for investors who really understand about investing in bitcoin. we should make people continue to buy bitcoin so that the price of bitcoin will immediately rise. not told them to not buy bitcoin.

[clarkgeneral86]

The writting is too long, but i think everyone has a personal opinion about Bitcoin and the crypto market. So you think Bitcoin is not good, but others look back and see it as an opportunity to get rich from Bitcoin. it is the trend of the age and the purchase of it means you are holding many potential assets in your hands.

[Karie_Legend]

bitcoin is not going to be okay, bitcoin is very volatile and maybe very profitable for investors who really understand about investing in bitcoin. we should make people continue to buy bitcoin so that the price of bitcoin will immediately rise. not told them to not buy bitcoin.

Follow the storyline of the long journey of Bitcoin and hold as long as you can because this is still the beginning of a long journey from Bitcoin. So there are still many new things waiting.

[Rebisco]

If we want to increase our investment then we should take risks. We should not to believe to the rumors about bitcoin is going to die. Study the history of bitcoin and you will find out that its current price is only part of its cycle.

[oneirozwis13]

Bitcoin on the other hand has no such utilizable capacity - it cannot be used, which is why it can only be transferred - i.e. passed from address-to-address, from hand-to-hand, from member-to-member. In other words, in the bitcoin circulation chain, nobody is able use bitcoin, like in the case of dollars, goods, services and similar utilizable resources..., which is why such resources can be obtained from new investors only. And this is the definition of a classical ponzi or pyramid scheme.

You state that dollars can be "used". How exactly can you "use" a dollar? If I walk to the local cafe and buy a cup of coffee, is my dollar consumed and used up, like a piece of bread? No, it was an exchange, or a "transfer", as you call it, and in exchange I got my cup of coffee. If a big investment bank is collecting billions of dollars each year, are they "using" the dollars, or only facilitating the "transfer" of many dollars into their accounts?

Frankly speaking, if I can use my bitcoins to purchase goods and services (which I CAN do, albeit a currently limited selection, limited to those willing to do business with bitcoins and/or exchange services for bitcoins), then I would consider this "using" bitcoins as much as you can "use" a dollar, by your own definition.

Furthermore, "new investors" are certainly NOT the only way to obtain bitcoins. You can mine bitcoins, and sure, you pay more in electricity than what you obtain, but you are still obtaining NEW bitcoin that is NOT from new investors. Thereby defeating your definition. I think there are several large holes in your arguments. Still, thank you for provoking the discussion  

[jeromix]

Which means that bitcoin will be more likely like an asset that could be trade and has corresponding value. Just like real estate properties if you will going to use it as a medium of exchange it will not be consumed because the ownership of the property will just be transferred legally by its supporting documents to the new owner.

[DevilSlayer]

Just buy bitcoin if you have ability and willingness to purchase it. Do not just make investment because your friends told you. You should only buy bitcoin if you fully understand what it is.

[sampalokmix]

Each person will have his own idea and make it perfectly reasonable as well as investing in Bitcoin or should not invest in it. Analysis then opinions and reasons given to the market crypto. Bitcoin plays a major role does not seem to work. Bitcoin always goes against all the rules of the currencies that people are using. I believe in Bitcoin and i will invest it because i realize that is the engine. Assembly is larger than any other area.

That's the spirit. We should not make a concrete speculatiom on something tgat is currently tkibg a huge process. No one wants to have a very dormant year when it comes to earnibg,  and investing may be a good tool for everyone to generate income,but still risk is present but on behalf of that,  this will be an individual decision which anyone has no right to interfere.

[Msworld83]

This is good for you and hope to see best result always , but am much believe that this bitcoin will be a thing you will ever remember that you missed the best opportunity in life time, as the main technology which is the origin of this crypto is blockchain which will soon take on all government house as a must use like internet .

[GrayFullbuster]

You are wrong!  Bitcoin will be fine! The price of bitcoin goes down and down but it is not a big problem because bitcoin has characteristics of being volatile where it is normal to see the unstable price of the bitcoin.

[drumamat]

.. a one-way transaction

I perform a one-way transaction sending bitcoins to APMEX and they perform a one-way transaction sending gold to me. That sounds a lot like money.

That's right. While bitcoin is relatively young, with its help converts one currency into another.as well as bitcoin is a means of accumulation of assets and many other functions that are not inherent in Fiat money..And undoubtedly bitcoin, whatever you call it, has a value that the crypto community determines. The next step on the way Bitcoin evolves is its use. I see no reason to consider Bitcoin financial pyramid.As for the practical use of the dollar, this argument is as inappropriate as the practical use of any currency.I suggest you read the Internet with information about the causes of the appearance of money and their use since the time when people began to evolve.After reading this information, I am sure that the questions you will have much less than now.Now in my head on the basis of the above I came up with a quote -,, no matter what the name of the money you can't eat them instead of breakfast.

[Ozero]

These arguments deserve attention. Each of us must be aware of the degree of risk that the cryptocurrency carries with it. Moreover, the higher the price of cryptocurrency, the greater the degree of such risk. Here each of us has the right to choose. Big profits always involve big risks.

[Naughty Princess]

You are wrong!  Bitcoin will be fine! The price of bitcoin goes down and down but it is not a big problem because bitcoin has characteristics of being volatile where it is normal to see the unstable price of the bitcoin.

I agree. It will be fine just have patience and wait for it. Those who doubt the potential of bitcoin to grow will regret this moment of fall. You cannot achieve success without taking the risks of investing. Bitcoin is always volatile which make it change and it is not a problem if it goes more cheaper.

[4rzun4]

Some shops and restaurants and supermarkets accept bitcoin as payment, this shows that people are beginning to feel safe and comfortable with digital currencies. For me, bitcoin is a new breakthrough in the era of globalization to create easiness in transaction payments, which in the end bitcoin will become the national currency that applies throughout the world. Thus, maybe I can say that what you express seems to be inaccurate and not in accordance with what I understand so far about the blockchain or bitcoin.

[boled]

for me, as long as it has value, it can be used as a means of payment or barter, and bitcoin has value, so long as it will also be used as a means of payment, barter goods and investment media.

[saulzaents]

You’re really reaching here by posting anti-bitcoin propaganda on a bitcoin message board.
If you’re only posting for your own personal financial gain, then your poor attempt at FUD isn’t working. 
As we slowly see the price of bitcoin pass $4,000 it will only be a matter of time before the $5,000 threshold is passed. 

[Ntr..]

i want to buy bitcoin for short term because i think that price of bitcoin will rise soon so for three months i want to keep bitcoin in safe wallet and short term buying is not a bad thing but if you are a wise person you have to keep bitcoin with you.u can confuse people with ur words but u cant change the facts about bitcoin...

[Valer4ik]

Note the increased volumes for the first time in several months. The lower the rate, the more actively the cue ball will change owners. Those who want to buy and there are many, but while the course falls, they wait. It will end in panic and a trend reversal. When the cue ball shows a recovery and a trend reversal, everyone will rush to buy it, and there will be something that we have already seen before. When it will be concrete and at what levels it is difficult to say, but I think the wait is not long. There are still no obvious signs of a reversal, and the cue ball may still fall.

[Gideon14]

That Bitcoin is invisible for you doesn't mean and has on proof to be tag as it a Ponzi nor it has no value.
the challenges here is this many didn't know what is been called Ponzi Scheme.
Bitcoin is called a digital currency because it can't be touch or see but can serve as a means of transactions
If you can't make a transaction  with it, doesn't mean that other people can't. Majority of us transact regularly it and also pay other Bitcoiners. Infact it is now acceptable as a means of payment by many vendor worldwide. What are you now saying.
I believe Bitcoin.

[NJB18]

Bitcoin got fixed supply while governments keep printing paper money. You can also say that gold actually have no real value and is of no use. You cannot eat gold, you cannot wear it or use into something necessary. But why is it expensive? Because people love gold and they want it to appear into their luxury items. So just like bitcoin, people can use it because it knows no boundaries and all transactions can be seen in the blockhain which is necessary on governments and its officials.

[kogozer714]

I have checked the bitcoin movement and waited before the year passed and the bitcoin movement that began to increase a little, maybe now at the beginning of 2019 it's time for you to buy and profit from bitcoin for the middle of this year and become the winner for bitcoin growth

[vedderpeterson]

Though Bitcoin is really into a deep dip, i don't think it's not having it's major come back anytime soon.
With growing number of followers and supporters, I think it will survive.

[enwi]

I think, we should not need to say negative things about bitcoin, because bitcoin is a crypto currency that has good technology and will continue to grow and can be used in several places, so if you buy bitcoin it will have a chance to be a good investment

[SkustaClee]

That's why you should have plan before making investment in bitcoins. There are many people who regretted their decision because thet make investment whrn the price is still in the peak. All of investors should have plan first before making investment.

[Johnzky]

So after all that you’ve said with that long reading my question is ‘who cares about your sentiments ‘?

This is our hard earned money and I believe that no one can stop us from investing because we believe and trust cryptocurrency specially bitcoin

[anehh]

I can understand what you are expressing, but we can still see the fact that bitcoin is one of the crypto that many people believe because they believe that bitcoin can benefit them. In addition, bitcoin has been widely used in daily life as a payment for the purchase of certain items that prepare payments using bitcoin. Bitcoin is the best crypto available today and will probably be able to become a national currency that can apply throughout the world, because bitcoin has the power that everyone wants to have and try to find profits through bitcoin.

[lepbagong]

That's your opinion but my opinion even I don't have enough money to buy bitcoin I will choose to believe that it will rise again. Did you know that recovery is real? In due time bitcoin and altcoins will recover again no matter what will happen in the market. It takes time before it will happen.

Indeed, at this time Bitcoin is not good, but I agree with you that Bitcoin is still very trustworthy, it will return to rise and will take over its heyday and will be followed for all altcoins to be excited too. need to be optimistic about this and I still believe that Bitcoin will return back in its heyday.

[Tagus45]

I think buying bitcoin is still a viable option and is still an opportunity to make a profit, bitcoin will still survive and in the future it will be able to pump.

[gabmen]

That's your opinion but my opinion even I don't have enough money to buy bitcoin I will choose to believe that it will rise again. Did you know that recovery is real? In due time bitcoin and altcoins will recover again no matter what will happen in the market. It takes time before it will happen.

Indeed, at this time Bitcoin is not good, but I agree with you that Bitcoin is still very trustworthy, it will return to rise and will take over its heyday and will be followed for all altcoins to be excited too. need to be optimistic about this and I still believe that Bitcoin will return back in its heyday.

Well even now btc transactions are showing really good speed with less fees so taking the price aside for a while, i think bitcoin is starting to perform what it's really meant to do. The price will adjust with adoption and i think it'll come.

[Ezenwanyi1]

Everyone is entitled to his or her opinion as far as Cryptocurrency is concerned.
If I had listened to the advise of a friend who asked me not to join Cryptocurrency last year , I wouldn't have made the little money I made from trading.
Believe me I have so much confidence in bitcoin that if I had more money ,I will have no choice other than to invest massively in bitcoin.

[TheWalkingCoin]

Maybe just few person want to make you afraid with bitcoin situation where you have sell your bitcoin asset, but don't worried you have keep holding your bitcoin after pass at this years and wait how bitcoin could raised up.

[Kuchiyose]

Maybe just few person want to make you afraid with bitcoin situation where you have sell your bitcoin asset, but don't worried you have keep holding your bitcoin after pass at this years and wait how bitcoin could raised up.

Don't get too late with anxiety now because of the great opportunity to buy at a cheap price and a large amount. Use this opportunity as much as possible because this is never repeated.

[johnny508]

No I think buying bitcoin is the smartest choice anyone can make in this era and Don't get fooled by looking at the temporary price variation in bitcoin because it is becoming successful day by day and anyone think otherwise what I can say is nothing to worry and bitcoin prices went down due to the uncertainty that people has regarding it and this is mainly because many news and media companies who only show negative things regarding bitcoin and that is the main reason why majority of investors and traders don't believe in there investments these days but I hope this situation will change in the future with with more bitcoin into business adaptation and increase of usability which might take some time but possible to happen that is why we can agree that this is just the beginning for bitcoin and its future progress