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Author Topic: People Say btc is Not ponzi but its look like ponzi  (Read 1449 times)
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November 01, 2020, 11:37:27 PM
 #141

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 isn't ponzi and wasn't meant to be an investment I think Satoshi created it for the people to be decentralized and to gain freedom from the government,
It is us who just put it that way and use it as an investment Bitcoin didn't even promised profit to be called or compared to a ponzi schemes.

People choosing to use Bitcoin as an investment, is not a valid reason or is enough to tell that it is already a ponzi. It is just many people are having high expectations of easy profit from investing into it. Way back the year wherein the market price reached its ATH, it became more popular and many investors engage towards this technology because the price is believed to be increasing continuously. But due to market volatility, the market price fell down in a single snap, without prior notice. Many people lost profit and their expectations are not met. But this is not the instance wherein it was started to be called as a ponzi, because it is being called such thing for years already. What's funny is that, there are still many people are still investing to it.

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November 02, 2020, 05:46:54 AM
 #142

A ponzi scheme that is thriving even after 12 years of its creation? That will be a new record. Also, a ponzi scheme in which the inventor has never profited out of his own creation? That will be a very special type of ponzi. I purchased my first Bitcoins in 2012, for around $10 per coin. Now I have cashed out coins worth 200 times my initial investment, and I still have plenty of coins remaining in my wallet. Still want to call Bitcoin as ponzi? 
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November 02, 2020, 11:01:24 PM
 #143

People who hate crypto does not accept any positive argument about crypto, their mind are close and they believe that bitcoin is really ponzi.
We can't control them, that's what they believe and everyone has the right to believe whatever they want, that's the reason why we see people who are successful investing in bitcoin while the other keep throwing negative comment about bitcoin.

Exactly. Most people are prejudiced about Bitcoin, as they've made up their minds based on what was told by mainstream media or the government. They don't take the time to do their own research about Bitcoin, in order to learn what it's all about. As long as most people believe Bitcoin is a Ponzi or a scam, Fiat will continue to dominate in the mainstream world. Fret not, as Bitcoin was never meant to be a replacement of the current monetary system. Its decentralized and open source nature has allowed it to survive nearly 12 years since its inception. All we gotta do is spread the word about Bitcoin's true benefits relative to Fiat, and leave the decision to the people. If they find Bitcoin attractive, they'll do whatever they can to learn all about it. We cannot force everyone to join the Bitcoin bandwagon as each person has his/her own tastes.

Nonetheless, it's evident that Bitcoin is NOT a Ponzi. The way it's designed, prevents anyone from taking benefit of the system. Bitcoin has no central authority which can manipulate it at will. The real Ponzi or scam is Fiat as central banks manipulate the system to their own benefit. The rich become richer, while the poor become poorer over time. For the first time in history, we have a sovereign currency that's by the people for the people. Freedom is ultimately achieved with Bitcoin as there's no middleman that could either freeze your account or confiscate your funds. Saying that Bitcoin is a Ponzi is just a failed attempt to spread "FUD" by both banks and mainstream governments. No matter what haters say about Bitcoin, the pioneer cryptocurrency will be here to stay for a long, long time. Just my thoughts Grin

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November 02, 2020, 11:12:31 PM
 #144

A ponzi scheme that is thriving even after 12 years of its creation? That will be a new record. Also, a ponzi scheme in which the inventor has never profited out of his own creation? That will be a very special type of ponzi. I purchased my first Bitcoins in 2012, for around $10 per coin. Now I have cashed out coins worth 200 times my initial investment, and I still have plenty of coins remaining in my wallet. Still want to call Bitcoin as ponzi?  

You are very lucky to sell your coins today! But anyway, people who don't want to educate themselves about bitcoin or crypto or blockchain technology will always be in the dark side of things. They will miss the opportunity brought by this technology. We can't do anything about close-minded people. But hoping that one day, they will enlighten themselves with the publicly available information. It is their decision where to go with this route. Either enrich himself with crypto knowledge or leave without trying anything and regret afterwards.
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November 03, 2020, 05:15:13 AM
 #145

We can't shut the mouth, for those people who say bitcoin is ponzy.l think who have not knowledge about bitcoin. Many different types of project who have not success to run their projects & called ponzy so l think who have not knowledge about bitcoin, yes they called bitcoin is a ponzy game.
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November 03, 2020, 05:42:56 AM
 #146

ah you again ? you never get run out of wierd questions arent you.  while everyone is asking if when its the best time to enter btc , you here are asking the opposite thing and you ask if what is the best time to exit to btc . the price now are still impressive and its not too high or not too low , its just fits with the criteria that you wanted so why dont you make an exit now huh @op ?you said btc is a ponzi but you dont mind it ? so it means that you arent sure to your self if btc is really a ponzi but your confident that you can still earn and get out on time .
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November 03, 2020, 07:37:46 AM
 #147

numerous individuals call it as venture since they see the ROI is awesome for long haul speculation. I can reason that bitcoin isn't a ponz created nations however degrading their nations cash, is that not a ponzi - like of a thing where politicos gain yet pulverizing their nation while the less benefits are experiencing legislative cash cheapening.

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November 03, 2020, 01:42:37 PM
 #148

Everything is ponzi in Financial world!
Stock market equities Gold btc low Cap coins money is ponzi its all ponzi ponzi is Not Bad word.
Just never be last guy even you buy Property sell it higher buy cheap sell high.
Buy cheap sell higher its ponzi
Life is ponzi
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November 03, 2020, 02:02:29 PM
 #149

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?


From the looks of everything and existence of bitcoin, btc never used or known as ponzi scheme, but you emphasised that bitcoin is a ponzi I think you have to let us understand the aspect you comprehend that made bitcoin to be ponzi from your perspective, but remember that if btc can be classified as ponzi from your findings,  it's obvious that  money is also a ponzi.

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November 03, 2020, 10:02:46 PM
 #150

Every market / exchange is a ponzi.

In order for you to sell for more than you bought for, someone else has to inject that money into the market and buy it from you themselves. It requires an infinite amount of people to continue buying at higher and higher prices to keep everyone before them profitable.

Just like the normal markets.
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November 04, 2020, 08:34:58 AM
 #151

After I reading the title I laughed honestly, I really think some people really think Bitcoin as ponzi. One thing is clear to me a lot of people really doesn't have enough knowledge what is a Bitcoin and cryptocurrency we can't blame them since it's really complicated and anyone could give some "technical explanation" and explain it incorrectly or just trying to deceive them or give wrong information.
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November 04, 2020, 01:49:20 PM
 #152

Ponzi is Old investors getting payed from new investors
In the first place, bitcoin is not created to start investments, it is made in order for us to have a decentralized currency system, meaning it does not need to be backed up by any existing currencies.
The reason is that the bitcoin enthusiasts are those who affects the value of bitcoin.
There is no point telling that bitcoin is a Ponzi scheme because just does not work like that.
Ponzi generates roi to the first earlier investors through the payment that the later investor invested. 
Bitcoin is different, firstly you don't need to hold it, you can just use it for payments or other related things.
And if you thought investing into it, like trading, positive ROI is not guaranteed until the value of it went high where you decided to sell it again.

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November 04, 2020, 03:26:35 PM
 #153

If someone says that Bitcoin is a Ponzi, then he either doesn't know what is a Ponzi, or he has no idea about Bitcoin (or both).

Couldn't have agreed more. What type of person would come to this conclusion after reading so much about BTC. Clearly no reading was involved  Angry

It is clear that whoever thinks this is not literate at all about BTC and never will, as it shows the lack of motivation to learn.

If you think BTC is a scam then don't get involved or spread rumours that it might be.

The meme below captures this in very simple terms.



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November 04, 2020, 04:06:48 PM
 #154

Many things look like ponzi, but they are not ponzi at all. Isn't that right? With bitcoin, this is exactly the case.

Bitcoin never looked like ponzi if you are dealing on it as you should except if someone tells you that or is making you invest in bitcoin through himself and give you back little return in percentage and ask you to provide a friend as referral like you are networking on it but no, bitcoin has never looked like a ponzi.
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November 04, 2020, 05:09:53 PM
 #155

I will explain to you how ponzi is working and then you know where is different between ponzi and bitcoin, for ponzi will give and promise with daily profit about 1% until 10% depend with your ponzi joining and ever have ponzi give promise more than 20% every day and get double income after success ask the other for joining with their link. They are never have income except from new member make deposit but bitcoin is payment currency never give with profit in daily or monthly, depend when bitcoin have higher price you can get much profit but bitcoin is never scam like ponzi could die any time.
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November 05, 2020, 11:31:47 AM
 #156

Bitcoin is not a ponzi but an investment, and if you think it is ponzi then don't push yourself.
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November 05, 2020, 01:22:52 PM
 #157

After I reading the title I laughed honestly, I really think some people really think Bitcoin as ponzi. One thing is clear to me a lot of people really doesn't have enough knowledge what is a Bitcoin and cryptocurrency we can't blame them since it's really complicated and anyone could give some "technical explanation" and explain it incorrectly or just trying to deceive them or give wrong information.
We can exempt him but theres that people that will say the same thing and they mean it because that is what they believe . not all people have heard of btc , those group of people do not have a knowledge yet on btc but for those that already came across with btc , they should not judge btc easily or else we will call them unknowledgeable or lazy to learn  .

How will they know that btc is really hard to understand when they don't take any actions ? giving technical explanation is too serious but that looks funny if you supplied wrong info and why do such effort when your goal is to only decieve people
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November 05, 2020, 03:40:25 PM
 #158

If I am not mistaken, ponzi scams are those with people earning through invites who also put money. Basically, they form a pyramid so the money will just cycle to the members. There will be someone that will control the funds to send it for payout. They are also the one responsible when they exit scam.

Compared to Bitcoin, I don't think they have the same mechanism to classify bitcoin as a scam like Ponzi. In the first place, there is no entity that will be responsible for the loss of your money. Also, you don't need to invite people to spend, though in bitcoin, the value will come from adoption the main purpose of bitcoin is not to be a store of value, but a means of exchange. Remember, a pizza is once worth 10,000 BTC before. Meaning, you can exchange BTC without even considering its conversion to fiats. Since now that it is already widely accepted, bitcoin is now considered as a currency.
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December 07, 2020, 05:26:34 PM
 #159

If I am not mistaken, ponzi scams are those with people earning through invites who also put money. Basically, they form a pyramid so the money will just cycle to the members. There will be someone that will control the funds to send it for payout. They are also the one responsible when they exit scam.

Compared to Bitcoin, I don't think they have the same mechanism to classify bitcoin as a scam like Ponzi. In the first place, there is no entity that will be responsible for the loss of your money. Also, you don't need to invite people to spend, though in bitcoin, the value will come from adoption the main purpose of bitcoin is not to be a store of value, but a means of exchange. Remember, a pizza is once worth 10,000 BTC before. Meaning, you can exchange BTC without even considering its conversion to fiats. Since now that it is already widely accepted, bitcoin is now considered as a currency.

Exactly. But skeptics will continue to spread FUD aiming to destroy Bitcoin's reputation in the mainstream world. As people believe what it's said by the government and mainstream media, they'll continue to say that Bitcoin is a Ponzi or scam without doing proper research about it. Believe me, once the public gets to know Bitcoin's benefits on top of Fiat, they'll retract themselves from classifying it as a Ponzi. At least, Bitcoin will continue to go on as usual thanks to the large number of supporters backing it every step of the way. As long as Bitcoin remains decentralized and censorship-resistant, it should be able to stand the test of time regardless of what it's said in the mainstream world.

Ultimately, Bitcoin will co-exist with Fiat for a very long time. Governments can try to regulate the crypto market, but they'll never be able to regulate the Blockchain itself. Ban or no ban, it'll be impossible to take down the revolution. Those who're against Bitcoin are mainly central banks, governments, and the wealthy. That's largely because they don't want to lose dominance/power/control in the mainstream economy. The more people continue to believe their lies, the better it'll be for Fiat's dominance in the mainstream world. People will understand in the end, that it's all about removing the middleman for the economy to work as intended. As long as we do our part in educating the masses about Bitcoin, the time will come when it'll be recognized as a truly legitimate medium of exchange worldwide. Just my thoughts Grin

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December 07, 2020, 05:31:27 PM
 #160

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?


Ponzi?  Bitcoin is ponzi?  Looks like you're pretty negative about Bitcoin.  In fact, Bitcoin has no one to regulate it and its value is decided by the crowd and I've never seen a ponzi pattern like this Smiley
Perhaps you need to read and understand more about what Ponzi really means.  My advice is not to follow the crowd to create meaningless posts like this, peace.

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