Quote from: JohnPap204 on August 25, 2015, 09:44:34 PM

So you are suggesting me to buy some bitcoins, wait for their price to rise, sell them and make profit?

-EDIT: Forgot to ask, "Ponzi system" ?

-John

Pretty much. But you should do extensive research on prices of bitcoins and what's been happening before investing in it.

Ponzi systems are websites that pay old investors with new investors' money. Many cloud mining websites are secretly ponzi systems in disguise. Ponzi operators often run away with investors' money after getting some large profit, and then start all over again with a new website.