Bit coin is a Ponzi scheme. Don't listen to the bit coin shills on here. The newcomers buying into bit coin and driving up the price are just making the early adopters richer.
That's how stupid people are. A sucker is born every minute. But YOU don't have to be one like all the other bit coiners.
The USD is a valid currency because people are required by law to recognize it's value. It has value because the most powerful superpower on the face of the Earth uses it and backs it.
Where does bit coin get its value from? Some computer nerds living in their mothers' basements and Chinese speculators who say it has value? The few online drug dealers who accept it?
If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a imaginary currency that only exists virtually, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC and more time getting remedial education.
How does it become a Ponzi scheme? That's how stupid people are. A sucker is born every minute. But YOU don't have to be one like all the other bit coiners.
The USD is a valid currency because people are required by law to recognize it's value. It has value because the most powerful superpower on the face of the Earth uses it and backs it.
Where does bit coin get its value from? Some computer nerds living in their mothers' basements and Chinese speculators who say it has value? The few online drug dealers who accept it?
If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a imaginary currency that only exists virtually, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC and more time getting remedial education.
I think you're just a troller that spends all your time in trolling different kinds of forums all over the internet world as long as you have an internet connection.
Bitcoin is not even an investment and if you read Bitcoin's white paper you won't find any word about "investment" kinds of stuff. Bitcoin is decentralized and no one is controlling it even a central bank nor a government and only the majority of people using it decides what it will be.
Why not tell that to the Japanese since they adapted this coin heartedly to the extent of using this as legal tender,in short same functionality with Yen?
Another thing after what you have cried,now why still living here inside the crypto of bitcoin is totally nothing?Lop tell that you your mothers ass stupid
He's just trolling around in here because his mom gives him the privilege to connect to their internet at their house lol. Another thing after what you have cried,now why still living here inside the crypto of bitcoin is totally nothing?Lop tell that you your mothers ass stupid
Or he is just spreading FUD in this community to make the price of Bitcoin go down so he could buy at the dip. 