Quote from: KingsGambet19 on Today at 01:43:44 PM

Do we really need bitcoin?

Most of the members here will say yes but bitcoin is not needed unless you want to earn or lose your money. Bitcoin is a form of gamblmg that if you are new you can have high chances to lose money and that benefits others as it comes to them as profits right?

When was the last time you were able to use money for whatever purpose you needed, say, gambling, whoring or purchasing a lambo without worrying about the regulations, taxes or Uncle Sam's agents? That's the degree of financial freedom bitcoin offers you! If your definition of bitcoin is limited to buying it on an exchange, holding it there and selling for profits then you most probably never understood what bitcoin really is! Trading is just one aspect of bitcoin because of its fluctuating value. But the anonymity and privacy person enjoys while paying/receiving bitcoin is what bitcoin is meant for.

Quote from: KingsGambet19 on Today at 01:43:44 PM

This is why I would like to know your reply if it is alright to earn profit with bitcoin coming from the new investors of bitcoin? The existing bitcoin holders bought bitcoin cheaper than the new investors that they can get bitcoin at higher price as of the moment.

What do you think?

You are labeling bitcoin as some ponzi scheme here but that's not the case. There is no need for you to go on guilt trip. Bitcoin price depends upon much more factors than just the time of purchase. Although prices were extremely under-priced in initial 6-7 years but post 2016, prices are highly fluctuating and cyclic. Bitcoin was worth same on Aug 22nd, 2017 and Mar 17th, 2020. It's not like if I buy bitcoin today, I can guaranteed sell it at the higher price after a year. IMO, price shouldn't be the first reason someone purchasing the bitcoin. Today I use bitcoin for 'n' number of reasons which I can't with regular fiat currency.