The problem with Bit Coin, and all cryptos, is that they are nothing but a Ponzi scheme where people are looking to sell it to the next guy for a higher price.
so buying and selling it to others with higher price is a ponzi scheme then we see a lot in the local market or internet that they buy and sell so we can say that it is a ponzi scheme too?. the profit they gain is because of their ponzi scheme?. it schemes you have suffered loss and now you take it back to bitcoin.