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RE: Did Bitcoin become an actual Ponzi scheme ?

in #bitcoin7 years ago

@sbrys...for your continued kind gesture towards me,am going to give u my honest opinion.

Firstly,what defines a legit business or investment is the probability of profit and loss,uncertainty and risk are the real investment and reward for uncertainty and risk could be either profit or loss...just as bitcoin increased,it could have decreased instead...we are just lucky to get a positive return

Also u are right to think of btc and crypto in general as too good to be true...some crazy events occur with crypto like a 1000% increase and so on but the fact that makes it fair still exist which is it could also have a 1000% decrease..this makes btc a legit investment

Lastly,selling ur btc might be considered a bad move by some peeps but i think its really cool as i have a different view about btc price in the future...it will surely go up but stabilize around some high price in the future and become closely static at that price. ...there are other crypto people would be concerned about

I advise you to buy some steem and sbd as they might be really the best future investment...steem is used on steemit and we mine steem on steemit everyday and steemit is going to gain more popularity very soon which means increase in users result in increase in steem we generate daily which also increases the steem in supply and demand of steem...therby rapidly increasing its price

Nice post my friend💪👍

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Thanks man I fully agree. Today my positions are mostly in EOS (sucks a bit right now :)). I also bought some steem because I really like the platform !

I dont think Bitcoin is a fraud. I just think its current price is sustained by a ponzi pyramid. When there are no more people ready to buy it at higher prices it will stop rising. I have a feeling this point is quite close.

Exactly....who would want to buy btc at 100k $....i see it stabilizing or declining in the nearest future...but steem is the best as its demand and supply would be just fairly elastic

If Steemit improves its platform the sky is the limit. But they have to be carefull with copycats that have faster development teams...

True brother....i think am going to make a post about this....i hope u dont mind

Off course ! You got my vote :)

U are soo kind🙏

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