Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
cbeast
on 15/04/2014, 21:31:50 UTC

Ok, now I have to be that guy.

Actually bitcoin does have at least two qualities of a ponzi scheme:
1. Early investors who gradually change back to fiat are basically earning money off the last round of investors.
2. Investors heavily advertise it because they know that the more new investors join, the more they gain.

That describes stocks, classic cars, art, baseball cards, or anything collectible.