why I call it a ponzi because late comers pay for the early adapters with their cost of bitcoin is almost nothing
in early days of bitcoin people just mine it for fun........
why I call it a bubble have you ever seen any investment can start with almost nothing and went up all the way to over 60,000 dollar per coin in a decade time?
even if you count it from $1 per coin to over $60,000 that is over 6,000,000% return in investment
what do you think?
Alright so you have called bitcoin a Ponzi, so do you think that it is going to die off anytime soon?
I can’t remember any Ponzi that has lasted this long and if you do know any of them maybe you should let me know.
The price is high like this and that’s because the volatility of bitcoin is very high so you’re going to be seeing huge increase like this, and it’s not going to be ending anytime soon, since there are so many investors coming in now, and at the rate they are coming now, the supply is going to be less to occupy them and that means that the demand will surpass the supply and that will lead to further increase of the price.