Post
Topic
Board Economics
Re: Bitcoin believers/investors are foolish or low IQ people ?
by
Finestream
on 11/06/2019, 23:54:11 UTC
$1 to $5000 in 10 years and Bitcoin people still say Bitcoin is an investment and not super-HYIP or ponzi.
Bitcoin is a decentralized currency, it's very normal to have high volatility, it's part of the decentralization nature. If you don't want high volatility you can use fiat, but don't call bitcoin a ponzi scheme, because it's not.
In a ponzi scheme you have nothing else than money being distributed among people, there isn't a product behind it. Bitcoin is the product, it's the currency, it has an usage and for this simple reason it can't be considered a ponzi scheme already. If you want to think it's foolish, that is fine, it's your own decision to think what you want.
Right.Just let others think that way while we,bitcoin enthusiasts,continue to generate profits in bitcoin.People who believed in bitcoin are not foolish or low IQ.We only want to take risks because we really believe in the potentials of bitcoin and that would finally make us gain huge profits in time.This is not a ponzi scheme because a lot of people have proven this already.