Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is a financial pyramid?
by
malikusama
on 08/01/2018, 06:30:48 UTC
Bitcoin is a financial pyramid? Will not the loss of wallets and the limited number of bitcoins to high deflation lead to the destruction of Bitcoin? How many bitcoins are there now? What generally supports this currency?it is very interesting to hear your opinion on this)
You have a wrong perception, Bitcoin is not really like a financial pyramid or something like ponzi.
This is just because of the lack of proper knowledge about cryptos and bitcoin. It is not just limited number of bitcoins that matters, demand and circulation in market are the most important.
More than 16 million BTC are in circulation, as long as bitcoin is being circulated in the market and demand will keep increasing there is no chance for a destruction.