Ponzi scheme and Bitcoin

[adzino]

Would the collapse of a Ponzi scheme effect the price of Bitcoin?
Though a hypothesis that the collapse of the Chinese Plustoken, a classic Ponzi scheme similar to bitconnect or countless others affected the price of Bitcoin, this seem to be accceptible although it's unlikely to be the major factor but distribution of stolen funds correlate very well with market downturns.

What does ponzi scheme has to do with the price of bitcoin? Your title was kind of misleading. At the first glance, I thought you were comparing bitcoin to a ponzi scheme (like those people who regret not investing on bitcoin when the price was low and now is trying to spread hate) and I was about to bash you.
If you are talking about everyday ponzi scheme, then no it won't affect the price of bitcoin. If you are talking about those ponzi scheme taking place in the crypto world, then yeah. It might affect the price of bitcoin depending on how much they were able to scam off people.

[Twinkledoe]

Would the collapse of a Ponzi scheme effect the price of Bitcoin?
Though a hypothesis that the collapse of the Chinese Plustoken, a classic Ponzi scheme similar to bitconnect or countless others affected the price of Bitcoin, this seem to be accceptible although it's unlikely to be the major factor but distribution of stolen funds correlate very well with market downturns.

What does ponzi scheme has to do with the price of bitcoin? Your title was kind of misleading. At the first glance, I thought you were comparing bitcoin to a ponzi scheme (like those people who regret not investing on bitcoin when the price was low and now is trying to spread hate) and I was about to bash you.
If you are talking about everyday ponzi scheme, then no it won't affect the price of bitcoin. If you are talking about those ponzi scheme taking place in the crypto world, then yeah. It might affect the price of bitcoin depending on how much they were able to scam off people.

Ponzi schemes will always be there even without the presence of bitcoin. In my opinion, it should not affect the price of bitcoin unless they are directly related with bitcoin and the money involved is huge that it can make a wave in the current trading price. But then again, there will always be like this no matter what. Scammers trying to empty your pockets.

[Capt00]

Would the collapse of a Ponzi scheme effect the price of Bitcoin?
Though a hypothesis that the collapse of the Chinese Plustoken, a classic Ponzi scheme similar to bitconnect or countless others affected the price of Bitcoin, this seem to be accceptible although it's unlikely to be the major factor but distribution of stolen funds correlate very well with market downturns.

What does ponzi scheme has to do with the price of bitcoin? Your title was kind of misleading. At the first glance, I thought you were comparing bitcoin to a ponzi scheme (like those people who regret not investing on bitcoin when the price was low and now is trying to spread hate) and I was about to bash you.
If you are talking about everyday ponzi scheme, then no it won't affect the price of bitcoin. If you are talking about those ponzi scheme taking place in the crypto world, then yeah. It might affect the price of bitcoin depending on how much they were able to scam off people.

Ponzi schemes will always be there even without the presence of bitcoin. In my opinion, it should not affect the price of bitcoin unless they are directly related with bitcoin and the money involved is huge that it can make a wave in the current trading price. But then again, there will always be like this no matter what. Scammers trying to empty your pockets.

Though not it affects the price directly but it gives doubts to the people leaving to have some worries and may stop them from trust in investing crypto.
Ponzi scheme will always exist in the matter that they could still find a whole in crypto and the bad thing is that they could still have found a victim for this. May this kind of trick is a part of crypto journey, it is in our part to know about it and not being caught. 

[ecnalubma]

Would the collapse of a Ponzi scheme effect the price of Bitcoin?
Though a hypothesis that the collapse of the Chinese Plustoken, a classic Ponzi scheme similar to bitconnect or countless others affected the price of Bitcoin, this seem to be accceptible although it's unlikely to be the major factor but distribution of stolen funds correlate very well with market downturns.

If they’re holding bunch of BTC’s then they could likely dip the market a bit but its effect to market is only temporary just like other ponzi’s that dumped their stash. If same scenario happen in the future its like another ordinary day in crypto.

[crossabdd]

in my opinion does not affect the fall in the price of bitcoin. I knew Bitcoin in 2014 and at that time there were a lot of Ponzi schemes. but prices keep going up. the falling bitcoin price factor is the fact that bitcoin has not yet been received in major countries. besides that because the market is indeed in a bearish pattern.

[iram3130]

Ponzi schemes will not stop the growth of bitcoin but it will tarnish the image for new investors. People are more cautious these days compared to previous years. But altcoin ponzi schemes have started to come into light where teams just escape with all the investments. Regulations on new projects may prove effective in stopping these things.

[Darooghe]

Would the collapse of a Ponzi scheme effect the price of Bitcoin?
Though a hypothesis that the collapse of the Chinese Plustoken, a classic Ponzi scheme similar to bitconnect or countless others affected the price of Bitcoin, this seem to be accceptible although it's unlikely to be the major factor but distribution of stolen funds correlate very well with market downturns.

Bitcoin is not a ponzie scheme like Bitconnect that people needs to convince you this is a good investment, or implies the promise of future returns. Bitcoin promises no such thing. In a pyramid scheme new investment is paid to previous investors. If investment stops in a pyramid scheme the entire thing collapses to zero. BTC acts just like a stock, If investment stops in BTC it's value simply stops rising, if people sell, it goes down. Thereby it cannot become a pyramid scheme technically, but it can become like a crappy stock.

[gabbie2010]

Would the collapse of a Ponzi scheme effect the price of Bitcoin?
Though a hypothesis that the collapse of the Chinese Plustoken, a classic Ponzi scheme similar to bitconnect or countless others affected the price of Bitcoin, this seem to be accceptible although it's unlikely to be the major factor but distribution of stolen funds correlate very well with market downturns.

Let me allay your fears that the colapse of ponzi scheme has no any effect on the price of bitcoin, so many ponzi schemes had been bankrupt in the past remember the popular MMM ponzi scheme at a stage they deployed bitcoin as a means of payment it eventually collapse whatever amount of bitcoin transferred or stolen between the participants has no significant effect on the price of bitcoin.

[realr0ach]

Bitcoin is a Ponzi scheme.  Anything based on artificial scarcity is a Keynesian scam by default.  As per the Aristotle definition, money is required to be a physical commodity rescource.  Plato claimed money can be an imaginary widget, but Plato was an authoritarian statist who believed the state should control and run everything.  

So Bitcoin doesn't even make sense when Plato's only reason for making imaginary widgets money was to give the state more power.  That's what eventually does happen in Bitcoin too, though.  Because tokens are non-fungible and transaction validators are designed to centralized, making it a permissioned ledger, Chinese social credit score, cashless society slavery system that abolishes the 5th amendment with everything you do being tracked and monitored in real-time.  Good work, slaves.

[Taskford]

Would the collapse of a Ponzi scheme effect the price of Bitcoin?
Though a hypothesis that the collapse of the Chinese Plustoken, a classic Ponzi scheme similar to bitconnect or countless others affected the price of Bitcoin, this seem to be accceptible although it's unlikely to be the major factor but distribution of stolen funds correlate very well with market downturns.

Let me allay your fears that the colapse of ponzi scheme has no any effect on the price of bitcoin, so many ponzi schemes had been bankrupt in the past remember the popular MMM ponzi scheme at a stage they deployed bitcoin as a means of payment it eventually collapse whatever amount of bitcoin transferred or stolen between the participants has no significant effect on the price of bitcoin.

They are not bankrupt they just simply turned scam and run away the money of their investors that's why we see them stop their operations but actually it has affect since it could create a massive sell off and just imagine if they got millions of dollars stole and sell it instantly it create a price downwards and maybe it could create chain reaction to the panic sellers.

[topbitcoin]

Would the collapse of a Ponzi scheme effect the price of Bitcoin?
Though a hypothesis that the collapse of the Chinese Plustoken, a classic Ponzi scheme similar to bitconnect or countless others affected the price of Bitcoin, this seem to be accceptible although it's unlikely to be the major factor but distribution of stolen funds correlate very well with market downturns.

Although yes, but will be a little. Because supply of bitcoin is really a lot. And people who do ponzi maybe like people who trade in market and i think it is only little amount from total circulation of bitcoin. But maybe if a big exchange, hacked and all sell into BTC, maybe it really can affect. Because people's belief get affected too.

[deisik]

Bitcoin is a Ponzi scheme.  Anything based on artificial scarcity is a Keynesian scam by default.  As per the Aristotle definition, money is required to be a physical commodity rescource.  Plato claimed money can be an imaginary widget, but Plato was an authoritarian statist who believed the state should control and run everything

How's artificial scarcity any different from any other scarcity?

Regardless, if we follow your logic through (or whoever you took this idea from), then any money is "a Keynesian scam by default" for the simple reason money could function as money only if it is a store of value. When money loses such capacity, it stops being money (as the example of the Zimbabwean dollar has clearly shown). But being a store of value necessarily requires being scarce, as something abundant cannot be a store of value simply because it doesn't have any market value (read, there is nothing to store)

[Distinctin]

Would the collapse of a Ponzi scheme effect the price of Bitcoin?
Though a hypothesis that the collapse of the Chinese Plustoken, a classic Ponzi scheme similar to bitconnect or countless others affected the price of Bitcoin, this seem to be accceptible although it's unlikely to be the major factor but distribution of stolen funds correlate very well with market downturns.

Bitcoin is not a ponzie scheme like Bitconnect that people needs to convince you this is a good investment, or implies the promise of future returns. Bitcoin promises no such thing. In a pyramid scheme new investment is paid to previous investors. If investment stops in a pyramid scheme the entire thing collapses to zero. BTC acts just like a stock, If investment stops in BTC it's value simply stops rising, if people sell, it goes down. Thereby it cannot become a pyramid scheme technically, but it can become like a crappy stock.

Bitcoin is a store of value if nothing we have to put on, it is simply dying. However, it isn't the way it looks like cause many people are still in trusting Bitcoin and store their money on it as a currency instead of the future use.
And if we think that this is just a pyramid scheme or any scamming issue, supposedly it never takes 10 years to exist but rather to see it collapse long time ago.

[hendra147]

anyone remember the biggest scam in crypto?
zenhash cloudmining, ? XPY.

they are legal company, have "real miner hardware" and selling it in global market, but right now is scam.
i think anything in bitcoin ecosystem can turned into scam even bitcoin its self.

after all bitcoin get mined, i dont think bitcoin can survive, because the cost to running will be amazing, and the transaction will be slowly.

[ethereumhunter]

Ponzi will always be there, searching for people who don't want to search for knowledge or information. They will get trap in the Ponzi scheme without they realize if that is true or not. We will see a new type of Ponzi because the Ponzi scheme will always change following the trend, and the Ponzi scheme will try to get as many people as it can to get their money. So you need to be careful and always search for the news from the other source.

[jhonjhon]

Would the collapse of a Ponzi scheme effect the price of Bitcoin?
Though a hypothesis that the collapse of the Chinese Plustoken, a classic Ponzi scheme similar to bitconnect or countless others affected the price of Bitcoin, this seem to be accceptible although it's unlikely to be the major factor but distribution of stolen funds correlate very well with market downturns.

Scams are everywhere, I see scams that collapsed multiple times already but I don’t see any effects on bitcoin. Well, I guess it will put bitcoin on the lighter note which may results to more investors but I don’t see much of an effect on it. Bitcoin price moves unpredictably with no specific clue what made it move like it was and scams collapsing it may give a positive impact on bitcoin.

[hendra147]

In some ways ponzi scheme or scam have effect in crypto market but not that high because newbie only fall for that so that's few compare to many veterans here know to avoid that then actually we have really safe place here like use hardwallet to store your asset,Moreover always do invest after you study it very well like if you can really trust that with your money

everyone is newbie in first time learning anything. no body  born in a pro state 
bitcoin rising price is the reason way more people fall in ponzi scheme, they see bitcoin rising price from $10 to $19.000, then they want profit lie it too.

[exstasie]

Bitcoin is a Ponzi scheme.

Its value may be determined according to the greater fool theory but it's definitely not a Ponzi scheme.

As per the Aristotle definition, money is required to be a physical commodity rescource.

Who cares what some ancient dead guy thought? In this day and age, we apparently value digital commodities too.

[Blitzboy]

Who cares what some ancient dead guy thought? In this day and age, we apparently value digital commodities too.

Humans have always evolved both in thought and in life. We should respect what is left behind, not indifferent, inherited and promoted. But in this case, clearly it is an outdated thought, in an era where all transactions are possible on the internet, it doesn't have to be a physical supply of goods, but, in my opinion,  it has to show the same power as physical goods to survive.

[deisik]

Bitcoin is a Ponzi scheme.

Its value may be determined according to the greater fool theory but it's definitely not a Ponzi scheme

Well, that actually depends on your point of view

If we assume that the defining criterion of a Ponzi scheme is paying profits to earlier investors with the funds obtained from more recent investors (as per Wikipedia, no plagiarism intended), Bitcoin fits this definition pretty well, at least as far as its speculative part is concerned (which is the best part of it anyway). You can only earn dough by buying coins at a lower price and then dumping them on someone else at a higher price