MovieChat Forums > The Rise and Rise of Bitcoin (2014) Discussion > Bitcoin, the pyramid/ponzi scheme hybrid

Bitcoin, the pyramid/ponzi scheme hybrid

posted 10 years ago by bazinga2014
6 replies | jump to latest

Bitcoin is a scam that is clearly already collapsing. You'll still find people trying to pump it, like in this "documentary", cause they want to sell you their useless virtual tokens for real money. Most bitcoiners have lost huge amounts of money, except for a few that were able to sell their tokens to greater fools earlier on. If you value your time and money, stay away from this scam, and warn others not to fall for it. Remember, the pumpers are not trying to give you anything, they want YOUR MONEY.

[–] rassah-326-839814 9 years ago

The price has declined, but at the same time hundreds of companies are adding it as a payment method every months, governments are debating on and planning to pass laws and regulations relating to it, and lots of developers and tech companies are still coming out with new software, wallets, tools, business ideas, and hardware for it every month. And the pace of all that is increasing, not decreasing. So how it is collapsing?

[–] 9 years ago

[deleted]

[–] murad23 8 years ago

No, you are using a classic strawman.

Currency is backed by the faith and credit of governments. You are living in the deep past to think that some minerals, gold, silver, bronze, whatever is what backs currency.

You are the laughing stock to think federal reserve notes have no value! There is a market and marketplace for them at full value for generations.

[–] JeffDeRiso 9 years ago

LOL, the fact that the OP thinks Federal Reserve Notes are "real money" means he/she knows very little about this subject.

[–] michiel-van-den-boogaart 9 years ago

First, look up what Pyramid and Ponzi schemes are, because Bitcoin doesn't even come close to those scams.

Second, have you watched the documentary? Why spread lies about bitcoin, just because YOU don't understand what money is?

I'm not in favour of bitcoin (far from), but at least I know why I'm against it. You just don't understand the concept of money.

[–] negativeions101 9 years ago

bazinga2014, the click bait, idiot drone, corporate PR whore thoroughbred.