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?
may be it is just my silly thought....
please comment. thank you.
I don't think that bitcoins are a ponzi scheme. The bitcoin price has nowhere been near 1 USD or even 100 USD. Most of the people holding bitcoins at the moment have paid much more. For example I bought my coins when the price was around 10,000 USD. Sure the sellers made some money but now they feel bad for selling in the first place. A ponzi scheme is usually a few people who sell you something and promise higher returns in the future. No one is doing that with bitcoins.