Post
Topic
Board Beginners & Help
Re: Teacher and Classmates Labeling Bitcoin as a Ponzi Scheme or a Scam
by
tvplus006
on 27/06/2023, 16:06:02 UTC
...Recently, he expressed his frustration about his teacher and classmates labeling bitcoin as a ponzi scheme or a scam each time he talks about it...

One of the characteristic features of the ponzi scheme is the promise of a guaranteed profit, which is absent when investing in bitcoin. Understanding such fundamentals can easily identify where the dangers lurk. But this is unlikely to help the teacher understand this, since he has already formed a negative image in relation to bitcoin.