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.
This kind of post was already created even before Bitcoin reach the $10,000. People have always labeled Bitcoin as something that would be gone within a month but all those doubters have been proven wrong and Bitcoin is still a good thing that people can have this days. The possibility of Bitcoin growth is still there specially when it is being adopted into the physical world nowadays. More and more projects have been appearing and they want to integrate the usage of Cryptocurrencies in their transactions.