Quote from: Roboabhishek on September 17, 2018, 04:57:22 AM

Quote from: keycellko on July 05, 2018, 10:29:20 PM

Anyone can call it ponzi scheme and fraud but if you think of it, everything worldly is fraud. You buy apple products with thousands of dollars but how much are they really worth? Why would people give out thousands of dollars for a macbook when they can buy a laptop for $300? Is it really worth that much or is it just another ponzi scheme that apple is bringing to the world better gadgets than any other brands? So we're talking about bitcoin now. What are we really paying for when we buy bitcoin? We pay for an online program and the people running the program helping transactions go through, or we call mining. Miners put in so much time and most especially the cost of mining is so much. That is merely the reason why bitcoin will cost much and if incase it will dive too low and will not be enough to pay for miners, then that could be the time bitcoin will die, or not.

Yes some people call bitcoin a fraud because they have been looted online by some jerks that's why they curse bitcoin . Its not true that bitcoin is fraud it's just because some peesons associated with bitcoin fraud peoples and they think all this is happening because of bitcoin .

well, from the many scams that are called cryptocurrency, I think that is a natural thing. even when they have collected millions of dollars from crypto or bitcoin, they sometimes cheat investors. so this news spread quickly, and many people think like that.