Post
Topic
Board Bitcoin Discussion
Re: When it's all set and done, do not forget those in need.
by
fuguebtc
on 30/07/2023, 10:49:36 UTC
Before you say that I am talking trash, Bitcoin investment is like taking from some and feeding others, what this mean is someone is buying from you when you are dumping, it's like the world shape, it goes around.

describing bitcoin this way makes it appears like ponzi scheme, as the investment of new commers are what is being used to pay the already existing customers on the platform, at the end of the day if they don't get new sign-up and people ready to fall victim of their scheme, you realize that the platform willl short down, where there are always people who pay for the rich of others, others get rich using the downfall of the next person, At the end of the day their is always a a winner and a losser.

But when it comes to bitcoin, We will always have those who are willing to buy and those who are willing to sell, and the value is determined by what the masses are willing to pay for it and based on its demand in the market.

Selling at any particular time is a choice; the same is also applicable to buying. If you decide to sell when the price is dumping and you happen to record some losses, that's on you, and the mistake that you made yourself shouldn't be shifted to others.

Bitcoin is not a ponzi scheme but it can also be said that the bitcoin market is like a battleground. That means everyone will compete for the victory on their side, there will never be a win-win situation as many people think. Many people have the misconception that just investing in bitcoin and holding it for a long time will make you rich without losers. So who will buy bitcoin at a high price so we can take profits if there are no losers? After all, bitcoin is also a tool for us to make profit, winning or losing depends on the level of each person.