Quote from: Wind_FURY on November 04, 2024, 02:15:06 PM

I'm sorry if you didn't get the context. I'm NOT calling Bitcoin a "Ponzi Scheme" because it's NOT that. Bitcoin is a Naturally-Occurring Ponzi. It's "Ponzi-Like", like Gold, it's NOT a Ponzi Scheme like those scams you read about in the news.

If you actually study and understand the market dynamics of Bitcoin and Gold, it does have a resemblance to a naturally-occurring Ponzi-Like process. - That creates a feedback loop from investors and speculators' positive projections/expectations which causes price surges WITHOUT a nefarious entity and WITHOUT fraudulent behavior.

I'm NOT saying that the market is a scam, ser. If you don't understand or didn't get the context, then I'm sorry.

What good does your apology mean when you still repeat the same statement that prompted the controversy in the first place? seems you are very much incorrigible, and hell-bent on associating bitcoin to Ponzi. No matter the image you are trying to project here, you have declared your intention as null and void with those connecting words and surely no bitcoin lover would even want to reason with you.

You are bringing in logics to clarify the propagation of bitcoin and you are employing a rather contradicting logic and terms to support your point, I wonder if you are so narrow minded that you don't tend to ever see things from others point of view and one thing you should know on a personal note is that when you are saying something and everybody is against you without even a supporter, then you are possibly wrong and should review your comments with optimism, because everybody cannot be wrong and only you is right.

for some personal idiosyncrasies, you are stubborn and raising a negative energy against the topic you created yourself and I am beginning to believe Samlucky O that you are an unserious person and unsteady with your stand on things. Well for your integrity sake and for the sake of misguiding newer people in the forum and this thread, keep your Ponzi mindset to yourself, understand it alone and quit repeating that bolded text anywhere in the thread.

Quote from: adultcrypto on November 04, 2024, 06:08:14 PM

I do not think that holding bitcoin have anything to do with age but a personal choice and conviction.

Yes, but the length of time you wish to hold it can be affected by your age. When you are young and have enough time to explore and take risks, you can keep investing and holding bitcoin for a relatively longer period of time(10-20 years or even more) because you are more open to risk taking and believe in the potential of bitcoin to secure your near future and might not be needing money for very serious needs anytime soon, but this might not be the same view with older people as most of them invest in bitcoin for retirement purposes and at retirement, they tend to pursue stability of their income rather than the volatility that bitcoin presents.

Another thing is that most older folks prefers investing their funds into an income generating scheme and bitcoin does not offer periodic or constant dividends like stocks, bonds, agriculture e.t.c that gives them regular funds to maintain their lifestyle since they are weaker to keep hustling very hard to fend for themselves and keep their accumulation process going, build their emergency funds and make available more money for handling their needs, so they rely on their savings for their upkeep and they might need to sell their holdings sooner to continue taking care of themselves at the long run.

People who get into bitcoin at a younger age has relatively more ability to go for a relatively longer term than those who got into it an old age, you age can influence your choice and convictions. There are many concerns that comes with old age like health concerns, upkeep concerns, and other concerns and not having a regular source of income like the active days can force the older investor to sell his holdings and convert it into his savings to maintain his lifestyle.