Quote from: lm2f on November 24, 2017, 10:20:29 PM

Bit coin is a Ponzi scheme. Don't listen to the bit coin shills on here. The newcomers buying into bit coin and driving up the price are just making the early adopters richer.

That's how stupid people are. A sucker is born every minute. But YOU don't have to be one like all the other bit coiners.

The USD is a valid currency because people are required by law to recognize it's value. It has value because the most powerful superpower on the face of the Earth uses it and backs it.

Where does bit coin get its value from? Some computer nerds living in their mothers' basements and Chinese speculators who say it has value? The few online drug dealers who accept it?

If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a imaginary currency that only exists virtually, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC and more time getting remedial education.

And how do you expect people would believe you? Aren't you one of the suckers who were born after BTC became popular online? You are looking at the negative side of how people utilize BTC, but did you even try to look at the bigger picture on how it can help economic growth during the digital age? It is true that BTC is hurting right now due to its price being dragged down, but if you look at the other markets like stocks, everyone is affected. This is a game of survival of the fittest.

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