Quote from: superbotolo on Today at 12:55:53 AM

It's now a pyramid scheme because the ones who are in the system make a profit only if others "buy" into that system. In a traditional pyramid scheme, investor 1 encourages investor 2 and 3 to enter into the system and pay a fee. The fee goes to investor 1. Then investor 2 and 3 are encouraged to find investor 4 and 5 and their fees will go in small part to investor 1 and bigger parts to investor 2 and 3. And the game continues. In BTC world, I buy BTC and then encourage people to buy more, either directly (by telling friends) or indirectly (because my purchase has made BTC go up). The more people buy BTC, the higher the value of BTC and the bigger my profit is (because I entered into the game earlier than future investors).

See, where the fees you need to pay to investors who encourage you to invest in Bitcoin?

Pyramid scheme is when you pay fees to the top ladder or the project is centralized, in Bitcoin you don't have to pay fees and it's decentralized, means the creator can't take all the profit from all investors.

It doesn't that simple to affect Bitcoin price, you act like if there are 1,000 people spend $500 to buy Bitcoin, it would pump Bitcoin. Tongue

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I don't really have a solution to the current status of the BTC world. I would just hope to see more interesting posts here, instead of threads talking about how high BTC can go, whether BTC will collapse, if you will become BTC rich, etc.

Alright, I think you should ignore this section, Economics and Speculations.

Focus on Bitcoin board other than Bitcoin discussion e.g. Development & Technical Discussion, Bitcoin Technical Support etc.