Dont get me wrong, Im holdig bitcoin and I am amazed of it. Anyways, I dont get it why Bitcoin is not a ponzi scheme. How ponzi scheme works? By bringing new and new investors to the scheme/market. How does the bitcoin price rise? By buying/brining new people into the network. So if anyone could give me a good explanation why bitcoin isnt a Ponzi scheme I would appreciate it.
If all the poeple would sell their bitcoin holdings, the price would crash to 0 and ~70% of people would remain with loss.
L.E: What's the purpose of ponzi scheme? Nothing. After 1, 2 year, cash out and take all the money. So... what's the purpose of Bitcoin? Back in 2009 it was made to change the way we think about money, decentralization, low fees => to change the current banking/fiat system. But I can't see the Bitcoin as the "future of the money" because of high tx fees. Current fees are between 18 ~ 25$. So if you send 10$ to someone, you would pay much more fee. Is this it a digital gold? And now, again, I ask... what's the purpose of Bitcoin?