Quote from: odolvlobo on Today at 08:36:23 PM

Quote from: romeareo on Today at 01:11:56 PM

You are getting agitated because you are not able to handle the truth. The truth is that Bitcoin *is* a Ponzi scheme. At-least until now.

People who get in early and HODL will make way more money than those who come in later and HODL and so on and so forth.
Right now Bitcoin is valued at $47k. The only way it will shoot up in price is if more and more people get into crypto and buy more and more of Bitcoin. This includes institutional investors, Billionaires, regular people, people who switch from Alts to BTC etc.

If nobody ever buys another BTC, the price will collapse because most people (99.999%) who "invest" in BTC/Crypto are only doing so to make more money.
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Let's see the definition of a pyramid scheme as per usa dot gov

Your are one of the ignorant people I mentioned before. You say that Bitcoin is a Ponzi scheme, but you don't know what a Ponzi scheme is.

You go on and talk about pyramid schemes, as if you believe that a pyramid scheme is a type of Ponzi scheme. That demonstrates that you don't know what a Ponzi scheme is.

From wikipedia:
A pyramid scheme is a form of fraud similar in some ways to a Ponzi scheme, relying as it does on a mistaken belief in a nonexistent financial reality, including the hope of an extremely high rate of return.

Sure there are differences between pyramid and ponzi schemes but the larger point is that there is no legitimate business utility for crypto at this point that is driving the prices up. If you invest in Apple stock they are going to manufacture more iPhones expand more across the world/country and thus you get rewarded for it.

For Crypto, there is no product yet that is driving the prices up. It is 100% speculation at this point.

Ofcourse if you are invested in BTC/Crypto then you will not see the larger picture.

“It is difficult to get a man to understand something, when his salary depends on his not understanding it.”

― Upton Sinclair

Here is one more way to look at it. There are 15000+ cryptos in the space. Is each and every one of them legit? No. 99% of them will go out this cycle. They are all pump and dumps. Now, they are all similar to BTC except for 1 thing. They are not as popular. That's all there is to it.