Bitcoin has went down to usd 4,000 since August 22 and the JP Morgan chief executive, Jamie Dimon, called it a fraud. What do you think?
JP Morgan has been fined many billions of dollars for participating in frauds (including the Bernie Madoff ponzi scheme), so you would think he knows what a fraud is. I think he misspoke.
There are still lots of people calling it a ponzi scheme lol 
They cant really understand that price is determined by supply-demand and there are no guarantees that it gonna rise like in ponzi schemes.
They cant really understand that price is determined by supply-demand and there are no guarantees that it gonna rise like in ponzi schemes.
People that call Bitcoin a ponzi scheme either don't know how Bitcoin works or don't know what a ponzi scheme is. Bitcoin cannot be a ponzi scheme because it is 100% transparent.