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.
Ponzi? Remember that bitcoin already exist more than ten years and a ponzi scheme will not stay alive even for one year. A lot of scammers using a ponzi scheme but bitcoin is not a scam investment.
Bubble? Of course not! Just look at the demand that cause it to sky rocket and until now the demand keep on increasing and the value of bitcoin is still high. $1 to $60k if you have bitcoin from the beginning that it was created, then you can say that they have such a too much return in investment. But, I think most of the people just buy from 2019, because those what they have from year 2010 is already sold during the 2018ATH. So, people invested again.