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.
You clearly don't have any idea of what a ponzi scheme is. According to your definition, then each and every kind of investment is a form of ponzi scheme. Late comers pay for the early, hence you have concluded that bitcoin is a ponzi/pyramid scheme? Then what about gold and other precious metals? Those who mined and bought it early, got it cheap and now people people has to pay more than it was centuries ago. So gold investment or anything similar is a scam? Lets not talk about the bubble lol. Good returns according to you is bubble? The price of bitcoin started from nothing because it is a decentralized coin and no one decides the price. So it started with nothing and as demand started to increase, the price also started to increase.
may be it is just my silly thought....
please comment. thank you.
Yes, your silly thought.