lienfaye
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October 09, 2020, 10:13:16 PM |
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How anyone who Say Can proof Bitcoin is not ponzi?
What ponzi means to you? I think you need to search first the definition of that word so you can understand further if there's a basis to tag bitcoin as ponzi. There's no recruitment happening here, its in your own will. You can invest freely in bitcoin or other alts whatever you prefer then hold or trade it. Bitcoin is a curreny and high volatile, thats how investors earn they take advantage the unstable price.
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pixie85
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October 09, 2020, 10:14:14 PM |
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Ponzi is Old investors getting payed from new investors
No. How did you come to this conclusion? I know people who were early investors and sold in a big bear market for less. Explain to me how does the ponzi system work in this case? In a ponzi scheme there has to be someone who runs it. There can be no self-running ponzi schemes because it goes against the idea.
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Bitcoin_bullish
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October 10, 2020, 01:15:01 AM |
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A lot of people mistake inflation for Ponzi schemes, and that makes no sense
I don't see how someone can mistake inflation with Ponzi schemes. Perhaps if someone has never heard both terms and have them confused in his mind. Maybe you meant inflation of the price of Bitcoin compared to the USD. This would be correct because I thought you were talking about inflation in the economy. Study BTC and find out when the "best time to exit" is. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) If you are a trader, be my guest and do that. Maybe you can day trade too and make millions as some traders suggest they always find the top and the bottom.
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Janation
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October 10, 2020, 05:20:53 AM |
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A lot of things in the financial world look like Ponzi, but that doesn't mean they are.
So true. The OP didn't even provide evidence or an argument to support his claim that Bitcoin is a Ponzi scheme. Unless you know what really Bitcoin is, or cryptocurrencies, I guess you can't really say that it is a scam or a Ponzi scheme. If that is the case, I don't think people like me would be here for a long time, some even told me that they didn't invest any money from this.
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Crypto_lion
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October 10, 2020, 08:47:27 AM |
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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?
What's the exact reason that you are saying for Bitcoin to be a ponzi ? Because it has limited supply ? Then gold , silver and every other stock is a ponzi too. I would love to hear your explanation.
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jamesde
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October 10, 2020, 09:05:48 AM |
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This isn't a Ponzi. As a reward for a process known as mining, Bitcoins are produced. It is possible to trade them for other currencies, goods and services.
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Latviand
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October 10, 2020, 12:07:33 PM |
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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](https://bitcointalk.org/Smileys/default/grin.gif) 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! It looks like a ponzi because it is not in a mainstream and people still think that bitcoin is a scam in a way that this asset do not have the potential to become profitable. There are a lot of proof that bitcoin is the future currency, it reaches its ATH in 2017-2018 which is really historical for bitcoin investors. Even if it is a decentralized asset, it should be in the mainstream as soon as possible, but the adoption is hard to achieve due to that ponzi mindset they are in. Bitcoin is worth it to invest, you just need to keep yourself away from those scams and hacks.
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Abiky
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October 10, 2020, 07:42:26 PM |
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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?
Bitcoin is not a Ponzi. Naysayers and haters will always give the public a negative perception about Bitcoin by saying that it's a Ponzi or a scam. But Bitcoin doesn't work that way. If people actually knew how Bitcoin truly works, they wouldn't believe what it's said out there in the real world. The fact that Bitcoin acts as a both a decentralized currency and store of value, disqualifies it from being a Ponzi. There's no one behind it, other than everyday people like you and me backing it every step of the way. Bitcoin belongs to everyone, as no single entity controls it. No one benefits here thanks to the decentralized and open source design of the pioneer cryptocurrency. As far as proof goes, I don't think anyone will be able to sustain their claims that Bitcoin is a Ponzi scheme. Of course, hackers and wrongdoers use Bitcoin for their nefarious actions (scams, theft, etc.). But that doesn't mean the cryptocurrency itself is a Ponzi. Eventually, people will get over it once they realize the true benefits of Bitcoin relative to Fiat. The more Bitcoin grows in mainstream adoption, the less people will classify it as a Ponzi. With many governments recognizing Bitcoin lately, it's becoming evident that the cryptocurrency is truly legitimate. Just my thoughts ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Myleschetty
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October 10, 2020, 11:09:27 PM |
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How anyone who Say Can proof Bitcoin is not ponzi?
People said bitcoin is not ponzi because it not ponzi and proof that bitcoin is not ponzi are the testimony of people that are already benefited through bitcoin. However, Kiyosaki statement about bitcoin to be safe haven in this time of economic break down is another proof.
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Shasha80
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October 10, 2020, 11:31:04 PM |
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Therefore the importance of education related to Bitcoin, so there will be no misunderstanding about Bitcoin. There are two possible reasons why some people accuse Bitcoin as ponzi, the first possibility the person will be Bitcoin haters who want to make Bitcoin look bad, with allegations Bitcoin is a ponzi scheme without evidence. And the second possibility people don't understand Bitcoin, just saw the many incidents of scams that use Bitcoin. So from this we can conclude that a lot of promotion and education is needed regarding Bitcoin, so that there is no misleading news again regarding Bitcoin.
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Gumbo88
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October 11, 2020, 01:27:05 AM |
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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?
Bitcoin is not ponzi for sure, Bitcoin just is a game of whale and shark.
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gurjasmeetsingh
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October 11, 2020, 04:48:00 AM |
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I think ponzy word is not fit for btc.lot of people had get good earnings from btc, & l think they have holding the coins for get profit in the future. But new investors can say ponzy due to lack of good knowledge about btc.l think so.
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The cure
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October 11, 2020, 09:39:07 AM |
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It is often said that bitcoin is ponzi especially to the people who lack of knowledge about it, maybe because there are people who use the name of bitcoin to deceive people, and those who are deceived are the ones who spread the news that bitcoin is a scam. We cannot say that bitcoin is a scam because even though it is decentralized we can use it to pay our bills, and many are already using it.
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Saisher
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October 11, 2020, 09:58:00 AM |
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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 exit if that's what you believe in, on Ponzi scheme there are administrators who takes care of the money coming in and coming out, Bitcoin is decentralized and no one company control the supply of Bitcoin, price depends on the supply and demand and it's the people who holds it that determine if they want to sell or to buy more.
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virasog
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October 11, 2020, 10:07:33 AM |
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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?
If you think bitcoin is ponzi then just leave and exit bitcoin. There is no need for you to stay here. This is the best time to exit for you ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) But remember after 5 to 10 years when you will see the whole world using bitcoins and digital currency, then you will regret your decision of exiting from bitcoin.
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Gozie51
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October 11, 2020, 02:42:25 PM |
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A lot of things in the financial world look like Ponzi, but that doesn't mean they are.
So true. The OP didn't even provide evidence or an argument to support his claim that Bitcoin is a Ponzi scheme. Unless you know what really Bitcoin is, or cryptocurrencies, I guess you can't really say that it is a scam or a Ponzi scheme. If that is the case, I don't think people like me would be here for a long time, some even told me that they didn't invest any money from this. No prove to op mind so that makes his opinion not valid. A single voice in this case can't make the change of total people. Bitcoin has been long in the system and many other ponzi has gone for quite a time and the new once are still disappearing. Bitcoin is a digital currency that the world is using for different purpose in their lives.
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Mpamaegbu
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October 11, 2020, 04:13:13 PM |
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Ponzi is Old investors getting payed from new investors
I think this simplifies that definition of ponzi, succinctly put. Those mischief makers who liken Bitcoin to a ponzi scheme, either they aren't sincere to themselves or they truly don't understand the phonemenal Bitcoin. Except, it existed in the past I haven't read anywhere (both online and offline) where it was said that Bitcoin had a referral programm or commission like most of the present projects now do. I will like to read about this, if there is any link to such stories.
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Asuspawer09
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October 11, 2020, 05:18:28 PM |
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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?
The main thing here why people are thinking that Bitcoin is a big ponzi scam could be because whoever created or make the bitcoin could easily make the bitcoin fall its market price. Possibly if the creator of bitcoin(Satoshi Nakamoto?) if holding a big amount or volume of bitcoin on his own easily that could really affect the market price of bitcoin if he's going to sell it in the future or even today. Bitcoin market price depends on the supply and demand in the market so a big volume being sell could make bitcoin fall. But I don't think you can call it a ponzi scam or anything I mean it's just a supply and demand thing even if he sells a big volume of it there still a chance for the market price to increase after some time of recovering. Ponzi scams would just instantly disappear to scam a big money like pyramids scam etc.
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Olicrack
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October 11, 2020, 05:31:10 PM |
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Bitcoin depends on whales, but that has nothing to do with being a ponzi
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Wallflower28
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October 11, 2020, 09:34:20 PM |
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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?
Will you please try to expound your idea by supporting your claims? You know what? Don`t be negative in bitcoin. I think you are trying to say that BTC gave a lot of profits and take others capital instantly. Investing in cryptocurrency or anything related to business and investments are risky. Everybody should know that anytime, we may lose a certain amount in trading. Being a ponzi is not because it has a great volatility but if it gone 2 years when it soar high. Anyway, bitcoin is made to become digital currency and support the P2P network in a decentralized ecosystem. It just being used by the people to scam but btc itself is not.
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