Is Cryptocurrency One Big Ponzi Scheme?

[tetyulfania]

Cryptocurrency is not big one ponzi scheme and never become ponzi forever, just mistake by doing some people make bitcoin become ponzi because always use bitcoin or altcoin name for their project, many project put bitcoin as their investment and make bad reputation of bitcoin.

[romero121]

The term cryptocurrency itself seems to be something different for the common people. Once they begin to explore initially they'll get to know all about the negative things that has happened using bitcoin. This itself enough, and some out of curiosity know about the money making through cryptocurrencies. Without proper knowledge will pour the hard earned money expecting quick return. For their bad luck market goes upside down letting them loss, in most cases this is the reason upon which people term it a scam.

[Finestream]

Cryptocurrency is not big one ponzi scheme and never become ponzi forever, just mistake by doing some people make bitcoin become ponzi because always use bitcoin or altcoin name for their project, many project put bitcoin as their investment and make bad reputation of bitcoin.

Yes.I agree.Because of the continuous popularity of bitcoin,some foolish people made bitcoin an issue as a big ponzi scheme and have involved it numerous times indirectly.But still this will not prevail people from adopting cryptocurrency particularly bitcoin in the future.Bitcoin has made already a good foundation and it will never be ruined easily by just scammers around.

[GreatOrchid]

Can't see how you make it a ponzi.
Shitcoins being created for a quick money grab is a scam, sure. But not really a ponzi scheme. 

Mostly we can see startups creating shittokens and easily escaping from the markets once the capitilisation is reached. Not we can doubt all of the cryptocurrencies but most of them including bitcoins, etherum, ripple, etc are been proven a better source of investment for long terms and also is being spreading the world much rapidly.

[Daniel91]

In my understanding, good example for ponzi will be some HYIP program when owner paying old members with the money from new members and no services offered.
Bitcoin exist on the market and its price depends on supply and demand from real people.
So, I d on't see any ponzi here, really.

[Glorious04]

two words themselves differ from one another in meaning. Cryptocurrencies are currencies, which means money while ponzi schemes are schemes, and schemers use cryptocurrency as a front for scheming or fooling people. This is a big wrong notion people have about cryptocurrency, the same also as they always say cryptocurrency is a scam, and simply because they lack knowledge about the two.

[fortunecrypto]

The basic underlying idea behind the use and creation of cryptocurrency is to present financial freedom to everybody no matter where you find yourself in this world. But the volatile nature of these digital currencies got me thinking, what if the whole idea of blockchain and cryptocurrency is just one giant Ponzi Scheme?  Within a short period of time, there have been about thousands of cryptocurrencies created. Majority of these digital currencies are either trying to solve problems of a particular cryptocurrency by presenting solutions they think can help improve financial freedom. This usually gets me wondering and thinking. If you don't agree with me on this, please share your thoughts...

No, I don't think running a ponzi scheme needs a centralized company or organization to do that, and besides there is an underlying technology behind cryptocurrency on Ponzi scheme you will only payout when a new guy invest but i don't see that in cryptocurrency.

[Kelvinikke]

Lol...it's been over decades now so you tell whether it is a ponzi scheme or not. Cryptocurrencies have been with us for a decade now and it is still thriving. In fact, last year saw great adoption of cryptocurrencies by most countries, institutions and i believe that that cryptocurrencies would become a globally accepted currency in the near future.

[SistaFista]

The basic underlying idea behind the use and creation of cryptocurrency is to present financial freedom to everybody no matter where you find yourself in this world. But the volatile nature of these digital currencies got me thinking, what if the whole idea of blockchain and cryptocurrency is just one giant Ponzi Scheme?  Within a short period of time, there have been about thousands of cryptocurrencies created. Majority of these digital currencies are either trying to solve problems of a particular cryptocurrency by presenting solutions they think can help improve financial freedom. This usually gets me wondering and thinking. If you don't agree with me on this, please share your thoughts...

Peoples are free to call bitcoin is ponzi scheme and if they believe so, they should leave bitcoin in the first place.
But bitcoin actually have a real usage in our world, as a currency. Although bitcoin is not a stable currency,
it has been used as a payment currency since 2009. So for me, it is not a ponzi or something like that.

[iMark]

Can't see how you make it a ponzi.
Shitcoins being created for a quick money grab is a scam, sure. But not really a ponzi scheme. 

Mostly we can see startups creating shittokens and easily escaping from the markets once the capitilisation is reached. Not we can doubt all of the cryptocurrencies but most of them including bitcoins, etherum, ripple, etc are been proven a better source of investment for long terms and also is being spreading the world much rapidly.

Thats why investing in cryptocurrency is risky. You have to know that there are many projects and coins that may be far below the standard, as you say they can just scam after getting their target, there are many outstanding ponzi businesses, but it doesn't mean crypto is a ponzi scheme. You have to be smarter in choosing investment

[ethereumhunter]

two words themselves differ from one another in meaning. Cryptocurrencies are currencies, which means money while ponzi schemes are schemes, and schemers use cryptocurrency as a front for scheming or fooling people. This is a big wrong notion people have about cryptocurrency, the same also as they always say cryptocurrency is a scam, and simply because they lack knowledge about the two.

That happens on many investment programs which using cryptocurrency as deposit and withdraw. People attract to deposit in that investment because they want to make money by investing in the websites. But the truth is they are difficult to get the profit for what they invest because before they can get the profit, the website is gone and this makes them regret. That is why many people relating cryptocurrency with the investment programs because of the website using cryptocurrency as the payment method.

[virasog]

Can't see how you make it a ponzi.
Shitcoins being created for a quick money grab is a scam, sure. But not really a ponzi scheme. 

Mostly we can see startups creating shittokens and easily escaping from the markets once the capitilisation is reached. Not we can doubt all of the cryptocurrencies but most of them including bitcoins, etherum, ripple, etc are been proven a better source of investment for long terms and also is being spreading the world much rapidly.

Well, crypto currency overall is not a ponzi or scam scheme, however they are few coins ICO / project which are made only to scam people and because of these people believe that overall crypto market is a scam.

In my understanding, good example for ponzi will be some HYIP program when owner paying old members with the money from new members and no services offered.
Bitcoin exist on the market and its price depends on supply and demand from real people.
So, I d on't see any ponzi here, really.

Well, there are many hyip programs in the market and all of them run on crypto, so again this is bringing bad name to crypto industry.

[EdenHazard]

Cryptocurrency is not and cannot be compared to a Ponzi scheme. Yes, there are Ponzi schemes using cryptocurrency but cryptocurrency itself is not a Ponzi. The concept of cryptocurrency has a wide appeal that is why people are rushing to invest in it. Unfortunately, smart programmers have caught in on the freedom of the blockchain to create shitcoins, extorting money from people who have put their trust in cryptocurrency.

but nowadays there are many who say bitcoin is a ponzi scheme that happens and there are lots of price games that occur at the price of cryptocurrency so many people give bad statements about the price of bitcoin.

You can tell them the price of bitcoin only caused by supply and demand only, there is no party who arranged to make bitcoin price fall and to make bitcoin price up. Ponzi scheme always identical with one party who managed an investment place, but as you know there is no party who managed cryptocurrency. An important thing before make statement about one 'things' then you/someone must know what is the one 'thing' it is, as someone told before you can check this link https://en.wikipedia.org/wiki/Ponzi_scheme to know the ponzi scheme itself.

[btc78]

LOl that’s impossible to happen that all the people will think cryptocurrency  of being Ponzi

Just look around Bitcointalk.org and you will find millions of people and getting higher as time passes by

Stop this thinking your not helping mate

[krishnaverma]

So many shitcoins being created does not mean that even the genuine projects like bitcoin is also at fault. Coins like BTC and ETH will grow strong and reach new heights this year in my opinion. You just need to be patient with the growth. The huge increase in prices to $20000 levels resulted in such a drastic decrease in prices that it is taking so much time to recover back now.

[H1N1]

The basic underlying idea behind the use and creation of cryptocurrency is to present financial freedom to everybody no matter where you find yourself in this world. But the volatile nature of these digital currencies got me thinking, what if the whole idea of blockchain and cryptocurrency is just one giant Ponzi Scheme?  Within a short period of time, there have been about thousands of cryptocurrencies created. Majority of these digital currencies are either trying to solve problems of a particular cryptocurrency by presenting solutions they think can help improve financial freedom. This usually gets me wondering and thinking. If you don't agree with me on this, please share your thoughts...

Bitcoin has been called as ponzi scheme in countless times since it was created, but i think there is no ponzi can survive for long time like bitcoin.
If crypto was a ponzi scheme, it would be dead already because no one would like to using it anymore.
Cryptocurrency has a real function in our world, as a digital currency.

[zee11225]

Lol...it's been over decades now so you tell whether it is a ponzi scheme or not. Cryptocurrencies have been with us for a decade now and it is still thriving. In fact, last year saw great adoption of cryptocurrencies by most countries, institutions and i believe that that cryptocurrencies would become a globally accepted currency in the near future.

Opinions that are wrong if there is someone who thinks crypto is a ponzi scheme, because crypto is a trade where the crypto owner plunges on his own and gains or losses is also due to his own decision.
Whereas a ponzi scheme is a business where members who register behind will support the members in front of them. So, when there are no new members it can be ascertained that the business will die, and cause a large loss for members who do not receive returns on capital and profits.

[killat]

It depends on which cryptocurrency you're referring to. Bitcoin, as it has been discussed already hundreds of times,  it cannot be a ponzi scheme, as nobody is running with your btc if you hold them securely.

As for other altcoins,  it depends. Usually projects that promise you earning of more than 3-4% per day are definitely ponzi. They all become sooner or later scams.

[FlightyPouch]

Cryptocurrency is not and cannot be compared to a Ponzi scheme. Yes, there are Ponzi schemes using cryptocurrency but cryptocurrency itself is not a Ponzi. The concept of cryptocurrency has a wide appeal that is why people are rushing to invest in it. Unfortunately, smart programmers have caught in on the freedom of the blockchain to create shitcoins, extorting money from people who have put their trust in cryptocurrency.

but nowadays there are many who say bitcoin is a ponzi scheme that happens and there are lots of price games that occur at the price of cryptocurrency so many people give bad statements about the price of bitcoin.

And do we need to give them the attention they wanted? Do they have that proof that Bitcoin is a Ponzi scheme? If Bitcoin is a Ponzi Scheme I can say that the mastermind of all of this is so patient waiting for 10 years to do it. Also, if Bitcoin is one, then I guess it should be done when the time the price is at $20K. They are all talk but they did not know what Bitcoin really is.

[Lpim01]

Cryptocurrency is not and cannot be compared to a Ponzi scheme. Yes, there are Ponzi schemes using cryptocurrency but cryptocurrency itself is not a Ponzi. The concept of cryptocurrency has a wide appeal that is why people are rushing to invest in it. Unfortunately, smart programmers have caught in on the freedom of the blockchain to create shitcoins, extorting money from people who have put their trust in cryptocurrency.

but nowadays there are many who say bitcoin is a ponzi scheme that happens and there are lots of price games that occur at the price of cryptocurrency so many people give bad statements about the price of bitcoin.

And do we need to give them the attention they wanted? Do they have that proof that Bitcoin is a Ponzi scheme? If Bitcoin is a Ponzi Scheme I can say that the mastermind of all of this is so patient waiting for 10 years to do it. Also, if Bitcoin is one, then I guess it should be done when the time the price is at $20K. They are all talk but they did not know what Bitcoin really is.

As people thinking of it but they can't prove cause they are totally wrong and away from the reality. Those people who are thinking crypto as a Ponzi scheme, definitely they never want change and less fortunate. Bitcoin won't surely survive for this long if it is all just fake and can anyone say something against crypto.