Is Cryptocurrency One Big Ponzi Scheme?

[ASHLIUSZ]

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.

Agreed, people term it ponzi through the negative news they got from different sources. Here very few will understand the underlying technology and make use of it. As bitcoin is gaining more popularity it is being used by scammers as a way to scam and trap the common people who are new to the cryptocurrency. Trust in it and have patience to experience the outcome.

[kingpin4321]

a ponzi is where some guy has a big bank account. everyone puts lots of money in. but the guy only gives out pennies on the dollar as interest/dividends to keep people from asking for all their funds back.

I agree with you on this an to add to describe ponzi scheme.
The organisers urges you to get more people involved in something you yourself have no control of.
Most ponzi scheme establishment has either failed or folded.
Cryptocurrency is a technology, a block chain technology and is nothing like ponzi scheme

[Koadharber]

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...

Those people who keep saying that cryptocurrencies are big ponzi scheme are the people who doesn't have information about what it is. They are victims of misunderstanding and fake news. They will regret what they say if they fully understand what it is and its function.

We cannot avoid that there are people spreading negative news about Bitcoin,maybe those people have negative experience in Cryptocurrency or they don't have enough knowledge about it that's why they want to make Bitcoin become worst by spreading fake information.

[Ucy]

Ponzi scheme unlike Bitcoin/cryptocurrency dont last  long. The economic model is not sustainable...Bitcoin has proven to be sustainable.
Bitcoin is a currency by the way. It also has diverse purposes. It can be a currency, a share,  a product etc. There is no basis for comparison at all.

[Indamuck]

You can say the same thing about real estate and the stock market as well.  Governments continually pump out fiat money to pump up the markets, eventually everything will come crashing down and other assets like gold and bitcoin will become supreme.

[Yield7]

Everything is ponzi
Gold real Estate Fiat.

the USA dollar is biggest ponzi..
USD was about to collapse... but

CRYPTO currency was created by all the world Secret services and bankers to save USD!



but things have value becouse People use them.


for each new born Baby the government Will print the money then the New born Baby Will be collateral to this printed paper.

this new printed paper Can Only exist When someone Will borrow this money.

money is created by double accounting or what Ever You like to call it.

IF something is out there and People keep buying it more and more... then the price of this Will increase.

but what goes Up it must Go Down.
for example:  real estate it use to be cheap Even in places like London Monaco, new York.
so prices keep raising coz more and more people Not just needed them but...  for example:

Tom Want house... he Think London is good place...  he buy it cheaper... Now he think that he Can make profit.. he try to sell it more expensive then he Go it.

Now the Next Person is alice She Will do the Same... so Next buyer Will try to do the Same...
so the loser Here Will be the few last guys.

coz they have left to sell nobody else with higher price, coz nobody got Not enough Money.

so Same thing with btc it is Ponzi Yes!
but until the price is cheap its time to buy btc.

just make sure you are not gona be the last buyer.

[Lanatsa]

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...

Those people who keep saying that cryptocurrencies are big ponzi scheme are the people who doesn't have information about what it is. They are victims of misunderstanding and fake news. They will regret what they say if they fully understand what it is and its function.

We cannot avoid that there are people spreading negative news about Bitcoin,maybe those people have negative experience in Cryptocurrency or they don't have enough knowledge about it that's why they want to make Bitcoin become worst by spreading fake information.

We should get used to it and we have seen hundreds of attacks towards bitcoin and crypto that this is indeed a scam but look at bitcoin it stood still for 10 years inspite on having those
fuds and false news towards it.
People who do call it a ponzi scheme are those who doesnt even know on whats blockchain technology.This isnt only a great tech but also gives out some earning opportunity.

[Yield7]

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...

Those people who keep saying that cryptocurrencies are big ponzi scheme are the people who doesn't have information about what it is. They are victims of misunderstanding and fake news. They will regret what they say if they fully understand what it is and its function.

We cannot avoid that there are people spreading negative news about Bitcoin,maybe those people have negative experience in Cryptocurrency or they don't have enough knowledge about it that's why they want to make Bitcoin become worst by spreading fake information.

We should get used to it and we have seen hundreds of attacks towards bitcoin and crypto that this is indeed a scam but look at bitcoin it stood still for 10 years inspite on having those
fuds and false news towards it.
People who do call it a ponzi scheme are those who doesnt even know on whats blockchain technology.This isnt only a great tech but also gives out some earning opportunity.

Bitcoin was created by Goldman Sachs guys.
Financial freedom is just the nice label.
Free lunch does Not exist.
ejoy crypto freedom until you can.
few years and this freedom.
Cryptocurrency does all that AML/KYC NONSENSE.

Cryptocurrency is Good excuse for them Place more and more this AML/KYC nonsense.

but crypto is ponzi like everything else to do with Money and finances its all ponzi.
no matter how you describe it its ponzi and Yes im Fine with that as longes i Can make profit out of this

[yusupjatigumilar]

Cryptocurrency is not a ponzi scheme but it is a financial and investment revolution where from what we used to transact manually using bank services now we can send uanh anywhere with any amount simply by using a smartphone that is connected to the blockchain network, changes from what we used to invest only by using gold and stocks now we invest in coins / tokens where we can sell it at any time in any amount without the limitation of the amount and time.

[Viceroy]

I've been thinking the same direction lately. And I can't say it's pointless. You might be right and that's a pity if it's so.

[celot]

Not yet, cryptocurrency is not big ponzi scheme because always use bitcoin as ponzi way to make investor lost much money, many time all of ponzi project use bitcoin as their payment and not part of bitcoin become ponzi project.

[BLAST2MARS]

I think it's very unfair to say that. It's much more proper to say that crypto is getting abused by big ponzi scheme. It's a perfect tool or market for scammers because it's online and all about investments. We never realized that a lot of people could do it anonymously so that is why ponzis are very rampant.

[Siren]

If this is a big ponzi then for sure Japan is the first bigger victim as they allow the government to use bitcoin as adopted currency?

Do you think Tech counry like japan will risk their economic stand for this Ponzi?i dont think so may you better read alot first and understand things before you make this kind of thread mate because this is not the help crypto needs from us

[lienfaye]

I don't think so, there's a lot of difference between crypto and ponzi scheme. Cryptocurrency itselt cannot be classified as Ponzi Scheme, maybe the people who are using the name of crypto for scamming can be the Ponzi Scheme.

Indeed, they are totally different and old investors of cryptocurrency do not depend in the new investors to be able to obtain profit and the term is not "payout" just like other ponzi scheme. So labeling cryptos to ponzi scheme is not appropriate and those people who think that way dont have idea of what they're talking about. Shitcoins are a different thing as well, yes many altcoins were created to solve real problem but its only few, numerous projects existing nowadays are just scam but its not ponzi.

[kumar jabodah]

The crypto currency is one of the best inventions that have been created this time.

So I advise you to read what is the difference between the crypto and the ponzi scheme. What is the meaning of bitcoin, virtual currency. That's why you know the true answer exactly what the crypto is and what it can contribute to our daily life.

[gilangIDR]

When I read this news, I felt strange, cryptocurrency is a medium to facilitate our lives in helping financial transactions.
Why can someone say this as a ponzi. let's look and try to think back well.
Try to think positively and see what benefits we might be able to achieve.

[XCANA]

The crypto currency is one of the best inventions that have been created this time.

So I advise you to read what is the difference between the crypto and the ponzi scheme. What is the meaning of bitcoin, virtual currency. That's why you know the true answer exactly what the crypto is and what it can contribute to our daily life.

Agreed, recently we had some news coming in that, the some governments are seeking bailout from this giant Bitcoin which is the most credible platform of investment on a long term. Bitcoin has not been any kind close to a ponzi scheme as speculated in some quarters but a realistic investment that has potentials to grow any country that embrace it existence either now or in the nearest future. 

[Daniel91]

The crypto currency is one of the best inventions that have been created this time.

So I advise you to read what is the difference between the crypto and the ponzi scheme. What is the meaning of bitcoin, virtual currency. That's why you know the true answer exactly what the crypto is and what it can contribute to our daily life.

Difference between bitcoin and ponzi is very clear to me.
in ponzi schemes there is no real product or services.
In ponzi we also have owner who use money from the new members in order to pay new members.
On the end, ponzi stop paying and admin run away with money.
Here, in bitcoin, we don't have owners or admins.
We enter market and buy something similar to stocks.
Price depend on supply and demand, so it's very clear and transparent.

[killat]

Do you even know what a ponzi scheme is? If you knew,  you wouldn't ask this question,  no offense.

Bitcoin did not take you money,  did not promise you earning of 100x, 1000x ... It is listed on different exchanges and you are free to buy or sell. It is all about offer and demand (+high volatility), nothing more.

[Webberson]

Overtime, individuals have had diverse opinions of cryptocurrency. On a personal note, i see the innovation and operation of cryptocurrency far different from ponzi scheme because a ponzi scheme's mode of operation is simply collecting from Mr. A and giving to Mr. B. Crypto on the other hand is a type of currency targeted towards making transactions.