Post
Topic
Board Bitcoin Discussion
Re: How convincing can one persuade close relatives to join bitcoin investment
by
Aveatrex
on 09/09/2017, 18:11:28 UTC
Well, I have started making some few cash from this and really will like those around me to partake. But people around have been put down because of ponzi and when bitcoin is being talked about all they see is Ponzi! How does one really get to re-orientate?
I think that first of all you have to explain to them what's an ponzi.
Bitcoin cannot be a ponzi as mathematically you own them and their value is determinated by the market.It's true that now many companies used the fact that you cannot reverse transactions to make "bitcoin doublers" that promise to double your bitcoin deposited and those are ponzi/hyip (high yield investement program) that will steal your money.
Ponzis and hyips are illegal while bitcoin is legal in most countries.