why I call it a ponzi because late comers pay for the early adapters with their cost of bitcoin is almost nothing
With that idea, I suppose literally EVERYTHING is a ponzi scheme then I suppose? Early investors would just suck the money of late investors for nothing blah blah idea is pretty stupid ngl. Not to mention that Bitcoin isn't even a ponzi scam, it's just a legitimate asset that runs on a supply and demand basis. It's like comparing a two-way (beneficial) relationship to a one-sided(parasitic) relationship.
many buyers of bitcoin nowaday doesn't seems to know that
they just want to make a quick profit out of it
and the so call bitcoin exchange outthere they execute the buy and sell order by matching it and then cancel it out
before put it into the blockchain so that it looks like the transaction is in real time but actually it isn't
YOUR TRANSACTION NEVER APPEAR IN THE BLOCKCHAIN
I'm not gonna deny it, a lot of people look at Bitcoin as a quick way to get rich (which it isn't), but it is the first thing that most people would think of when they hear the idea of Bitcoin. And? Is there anything specifically wrong with that? Traders invest to profit, businesses plan out projects to profit, people work to profit, so is there anything wrong with people thinking of Bitcoin as an investment to profit?
And don't bloody use an exchange if you think of it as such, no one is really forcing you.