Quote from: porc on April 28, 2015, 03:26:25 PM

Quote from: Troonetpt on January 16, 2015, 09:37:57 AM

It has collapsed many times, and it recovery quickly.

Yes: In the beginning of a pyramid there are still plenty of new fools you can convince to buy from you your hot potato (i.e. your bitcoin).

Eventually however the pyramid cant be sustained anymore, as no new fools can be found to bail out the old ones.

This is what happened to bitcoin: It skyrocketet (with temporary corrections) and now has collapsed, burning a unprecedented number of people. Due to the extensive coverage of the rise and crash of bitcoin, and the significant number of people who now sit on losses, it is very unlikely that the pyramid can be inflated again.

I agree on the pyramid view, it is a pyramid, all money is. But one pyramid will stand, the best pyramid, and it will stand until something better comes along, maybe forever.