it was only a Ponzi bubble. That is all. A fucking Ponzi bubble. I knew that but I was convinced about those guys saying it was not a Ponzi and I could still buy.
You call it a Ponzi (a form of illegal scam) to make yourself feel better about what was merely a bad investment on your part.
I'm sorry you got burnt but you need to take responsibility for your own actions!
I agree. Bitcoin does not at all fit the description of a ponzi. This person's experience does not fit the experience of a ponzi. Also a ponzi and a bubble are two very different things and it is illogical to say something is both a ponzi and a bubble.
Has bitcoin gone through several bubbles? Yes, is it in a bubble now? probably not, but the short term price trend is negitive