Re: Explanation to how bitcoin is a ponzi scheme

Quote from: falllling on August 20, 2014, 04:39:05 PM

Quote from: botany on August 20, 2014, 04:27:21 PM

Bitcoin is a naturally occurring ponzi scheme - World Bank

do NOT forget the dead cat bounce at just 4 days ago! $520 - $470 again!

http://bitcoincharts.com/charts/chart.png?width=940&m=bitstampUSD&SubmitButton=Draw&r=5&i=&c=1&s=2014-08-17&e=2014-08-18&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&

Nah, that isn't a dead cat bounce. That's just bouncing off a resistance level! We simply needed to go lower! This chart doesn't say Jack about whether we're in a another dead-cat-bounce or whether we're in a trend-reversal!