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Author Topic: People Say btc is Not ponzi but its look like ponzi  (Read 1451 times)
Polo7 (OP)
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October 07, 2020, 07:59:17 AM
 #1

How anyone who Say Can proof Bitcoin is not ponzi?

There is More proof and evidence that it is ponzi.

I Don't mind If its ponzi but i Don't want to exit too late but not too early so When is best time to exit?

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October 07, 2020, 08:16:24 AM
 #2

How anyone who Say Can proof Bitcoin is not ponzi?

There is More proof and evidence that it is ponzi.

I Don't mind If its ponzi but i Don't want to exit too late but not too early so When is best time to exit?


How can bitcoin be ponzi? LOL! Grin
It has a limited supply of coins, and no one promises to make any profit... Here are all the new DeFi projects that can be classified as ponzi, but not as bitcoin!
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October 07, 2020, 08:23:13 AM
 #3

Ponzi scheme definition

What Is a Ponzi Scheme?
A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for early investors by acquiring new investors. This is similar to a pyramid scheme in that both are based on using new investors' funds to pay the earlier backers.

To be honest Bitcoin aren't created for investment, but it's a currencies without central authority can control it (decentralized). But many people call it as investment since they see the ROI is very good for long term investment. And it doesn't promise 100% you will get profit like ponzi scheme, some people also in loss since they bought high and sell low.

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October 07, 2020, 09:02:24 AM
Merited by gentlemand (2)
 #4

I will like people to go through this quote I posted sometimes ago on this forum, it really proves the differences between ponzi and bitcoin, it makes people to know those saying bitcoin is a ponzi are speaking out of sense and making no valid point.



1. Bitcoin is decentralized, all ponzi scheme are centralized

2. Bitcoin is not selling any fake product or service, it is completely transparent.

3. Bitcoin is over 10 years now but has never failed, the future even seem brighter than now, ponzi can not last up to 10 years.

4. Bitcoin was even portrayed on wikipedia to be for scammers, but this changed, and was portrayed good now.

5. Many goverments against bitcoin before but now they accept bitcoin, there are even over 7000 bitcoin ATMs in the world now, and bitcoin is used for trnasactions like fiats, even used as payment on some online stores worldwide now.

6. The early investors gained, they were the developers but not in a way the late investors will lose, also many early investors sold bitcoin and makes it more realistic unlike ponzi that has nothing to sell. If you get the market right, there is always still profit in bitcoin.

7. Bitcoin is a very good and easy payment method acceptable in many countries now, has any ponzi been like this? No

8.
I think that we need to add another 8 items to this list, which is also important. A distinctive feature of the Ponzi scheme is that it sets a guaranteed profit for a certain period of time. There is no guaranteed profit in bitcoin: here everyone can get a profit if the price of BTC increases, but they can also get a loss if the price of bitcoin decreases.

There are many other reasons to talk about because these are only few, bitcoin is not a ponzi like bitcoin haters are depicting it, it is completely decentralized and transparent, people that want to invest now should not be discouraged, if they learn how the market fluctuates, they will gain but they should also be mindful of the risk. Bitcoin haters should stop misleading people about what bitcoin is because they know nothing about bitcoin. 

I hope this is more than evidences that bitcoin is not a ponzi, I have thought about it very well and I know bitcoin is never a ponzi, bitcoin is transparent to the world but ponzi is hidden and a business that makes use of it are shady.

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Polo7 (OP)
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October 07, 2020, 09:15:28 AM
 #5

Ponzi is Old investors getting payed from new investors
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October 07, 2020, 09:22:30 AM
 #6

How anyone who Say Can proof Bitcoin is not ponzi?

There is More proof and evidence that it is ponzi.

I Don't mind If its ponzi but i Don't want to exit too late but not too early so When is best time to exit?

Peter Schiff is it you with a new sock puppet account?  Cheesy

Well, if there is proof where is it. If you make such a daring statement, then you should at least add solid evidence, otherwise your statement is quite ridiculous. And it offers also no basis to discuss here at all about the topic.
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October 07, 2020, 09:30:19 AM
 #7

Ponzi is Old investors getting payed from new investors
No, this is a misconception. That means you do not know how bitcoin and its price works. Bitcoin is decentralized to everyone, it is not a shady currency but it is available to people to learn about it, invest it and trade it. People are invesring in bitcoin more than before, people are now very well trading it, people sell and buy and the rate of buying and selling is high, bitcoin is not about paying old investors with new investors money, we all know about bitcoin, and not a must to trade it, but depicting it bad is wrong.

Bitcoin serves the money purpose
For now, bitcoin is serving the money purpose, I can use it to trade just like money is used to trade, I have used it to buy from people, I have used it to make profits, and still I am my own bank, bitcoin is fully decentralized.

If bitcoin is a ponzi then fiat is more than a ponzi
Although, neither bitcoin nor fiat are ponzi, but can be used to pay for scammers. But, fiats always devalue and its worth is becoming lesser all the time, in undeveloped and developing countries, the policians will buy houses abroad like in UK and USA, have assets in such developed countries but devaluing their countries money, is that not a ponzi -like of a thing where politicos gain but devastating their country while the less privileges are suffering from governmental money devaluation. The world is not balance at all.

Bitcoin not a ponzi.

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October 07, 2020, 09:33:32 AM
 #8

Ponzi scheme definition

What Is a Ponzi Scheme?
A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for early investors by acquiring new investors. This is similar to a pyramid scheme in that both are based on using new investors' funds to pay the earlier backers.

To be honest Bitcoin aren't created for investment, but it's a currencies without central authority can control it (decentralized). But many people call it as investment since they see the ROI is very good for long term investment. And it doesn't promise 100% you will get profit like ponzi scheme, some people also in loss since they bought high and sell low.
A clear definition of a ponzi scheme. I can conclude that bitcoin is not a ponzi for just the following reason.
1. Bitcoin is not a fraudulent project even though it is used in fraudulent activities.
2. Bitcoin doesn't offer low-risk investment, promising high return, but bitcoin is a high-risk asset in terms of volatility and security.
3. Ponzi scheme provide an advantage to early investor by acquiring new investor and bitcoin investment are never referred to as Pyramid investment. But in bitcoin investing, early investor will only make a profit if they are willing to sell it in case of a spike in price. Volatility play an important role in this.
4. Bitcoin investing does not require new investors just to maintain or increase its price because busy market activity will continue to affect its price and it is always changing.

Some suggestions for the OP.
1. You are never forced to trust bitcoin in any way like some other famous people are talked about a lot.
2. You cant make the decision on your own to rate bitcoin as a ponzi scheme without being able to prove it in a sensible way.
3. You can log out any time you want from the platform because you were never previously invited not to trust bitcoin.
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October 07, 2020, 10:02:49 AM
 #9

There is More proof and evidence that it is ponzi.

I challenge you to actually name the "proof and evidence" that bitcoin is a ponzi scheme. Because most people that call bitcoin a ponzi aren't even people who know the slightest concerning investing and finance, and are just totally ignorant.

I'll wait for your response.

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October 07, 2020, 10:09:07 AM
 #10

Ponzi is scam and we all know that but bitcoin is legit and not ponzi I don't know what goes to your mind why you should think about bitcoin is a ponzi. You make a research to know the meaning of ponzi because if you do that for sure you will clear of what you are sayjng to the bitcoin . Investing in ponzi the investors lost their money but if the investors invest to the bitcoin they earn profit.
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October 07, 2020, 10:18:25 AM
 #11

Bitcoin is not a ponzi scheme why? because this is a cryptocurrency coin only there is no one handle this coin, ponzi scheme is an action that you are inviting other people to make an investment to a particular platform and you are promising them to get double or triple money income. The problem right is here is the people who is in the ponzi scheme are using the name of the bitcoin to make an investment to their platform.

So what is the example of the ponzi scheme with the use of the bitcoin and altcoins? You can visit our Scam Accusations, also you can experience this on social media like youtube, google, and twitter. They are giving a large amount of money and chance to get double your income. If you does not have any knowledge with this scheme for sure you will fall on this scam.

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October 07, 2020, 10:30:28 AM
 #12

Bitcoin is a lot different from Ponzi. Ponzi produces profit through invites. Ponzi investors relies on the new requite which is far different from Bitcoin because it can be earned through a lot of ways. You can earn through the crypto market or can be mined. No one is harmed through earning Bitcoin, unlike Ponzi investment.

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October 07, 2020, 10:40:37 AM
 #13

You have it backwards lol

Fiat currencies (dollars, euro, yen etc) are a ponzi & pyramid scheme. I'll explain:

Pyramid scheme - All the money goes to the 1% through inflation, taxes, QE, bailouts etc. They sit at top and rob everyone basically. The average Joe gets screwed in the arse at the bottom.

Ponzi - In an hyper-inflationary event & mass currency devaluation - the last person holding dollars, euros, yen...loses.

In Bitcoin

Yes some will own much more Bitcoin than others, however there's no wealth-inequality where the majority of money is funneled to a small group of people.

Bitcoin is pure capitalism. Everyone has an equal chance to work hard an prosper on their own. They aren't severely disadvantaged like the current system. The aren't controlled in the system at the mercy of their government. They aren't slaves to the 1%.

Bitcoin is freedom money & it's extremely valuable.

I'm surprised it's not a $100k yet to be honest, it's definitely under-valued.


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October 07, 2020, 10:45:19 AM
 #14

So you are talking about the liquidity and the volume of the trading in an exchange? just because people invest in exchanges and buying bitcoin it doesn’t mean automatically that they are going to receive that new investor money. It is nowhere near that and I think you have the wrong idea of Ponzi itself.

If you consider that as a Ponzi, then the stock markets as well is a Ponzi? As far as I know it’s the people who make it into a Ponzi and using it as the currency of exchange.

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October 07, 2020, 11:28:10 AM
 #15

How anyone who Say Can proof Bitcoin is not ponzi?

There is More proof and evidence that it is ponzi.

I Don't mind If its ponzi but i Don't want to exit too late but not too early so When is best time to exit?



You can search for more answers on Google and I will give you some articles that you can read on why Bitcoin is not Ponzi here read it: https://betterfinancialplanning.co.uk/why-bitcoin-isnt-a-ponzi-scheme/ and if you look the model of hyip site and bitcoin you can really see the difference, also bitcoins price stretch base on the demand, I know you know the law of supply and demand, so that's the reason why bitcoins price surges and dumps.

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October 07, 2020, 11:33:33 AM
 #16

Bitcoin is a lot different from Ponzi. Ponzi produces profit through invites. Ponzi investors relies on the new requite which is far different from Bitcoin because it can be earned through a lot of ways. You can earn through the crypto market or can be mined. No one is harmed through earning Bitcoin, unlike Ponzi investment.

Simple to know that they are not the same. Ponzi is networking. With networking you need down liners to earn your money as little as you get. Bitcoin can't be the same. You must buy bitcoin and other means but not with networking. Nobody gives you bitcoin just by queuing behind someone's name or registration.
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October 07, 2020, 12:50:10 PM
 #17

Use your internet resource, a ponzi scheme is a fraud, literally non-existent, Bitcoin on the other hand, has it's own existence. It may be a digital existence, but existence nonetheless, and proof for that would be the moment it was mined by the miners. It has a source, just that it's a digital one. A Ponzi on the other hand? Even if we do say that it's also a digital one, where is the proof of its existence? It only exists as words that were written by the scammers themselves, basically non-existent.

Ponzi is Old investors getting payed from new investors
Then doesn't that also mean that stocks are Ponzi schemes? Ponzi schemes aren't simply old investors getting paid by new investors, It is the same idea BUT Ponzi schemes run on the idea that the funds come from a product, from the market, not from the pocket of other investors.

 
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October 07, 2020, 01:01:32 PM
 #18

If Bitcoin is a Ponzi scheme, then Gold is one as well. But, it is not.

A lot of people mistake inflation for Ponzi schemes, and that makes no sense. It does not fit the definition of any kind of fraud, scam or illicit project. BTC is the free, open-source economy that does not have the restrictions and flaws our current monetary system has, as it tries to fix them. That's just it.

There's no point in providing any proof, because all you have to do is learn how it works really.. and the worst part is, you have invested in something you seem not to have any idea about. Study BTC and find out when the "best time to exit" is. Smiley
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October 07, 2020, 01:25:30 PM
 #19

Bitcoin is transparent and it is decentralized through blockchain.
Miner and bitcoin mining transactions are confirmed. Blocks are only created once in the mining system.
People buy and sell Bitcoin continuously, every transaction is recorded on the blockchain. Currently, the number of wallet addresses that own bitcoins is in the millions. How Bitcoin is fraudulent when all information is transparent. Bitcoin has a limited supply and has difficulty mining.
I think the new monetary system is a scam because the money is printed out from paper and used to pay off debt. Cash flow to pay debts is always compensated by printing money and collecting taxes from people. Beneficiaries are banks and governments. If they really use the borrowed money for proper use and economic development it is an investment strategy but they spoil them, it is really Ponzi.
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October 07, 2020, 01:37:24 PM
 #20

How anyone who Say Can proof Bitcoin is not ponzi?

There is More proof and evidence that it is ponzi.

I Don't mind If its ponzi but i Don't want to exit too late but not too early so When is best time to exit?


Many fair arguments were already pointed out by others here. I just want to say that I get it how Bitcoin might look like a ponzi scheme to people who don't know it well. Namely, some people are so pumped on Bitcoin that they aggressively promote it to their close ones and people they just met, telling them that it's the money of the future and that by investing people will get rich. And if way more people invest in Bitcoin, the price will go up, so the promoters are interested in this (but they're, of course, not getting any money directly from bringing some of their friends to the community). Moreover, if many people suddenly cash out, the price will go down. But all these things are true of various products, and they are not the essential characteristics of a pyramid. Bitcoin is decentralized and unregulated, whereas a pyramid requires strict hierarchy.

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