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RE: The Steemit Ponzi scheme discussion - some common questions
I've been buying and trading Crypto for over 4 years. I've heard it all before.
Oh, you missed out when Bitcoin was $5? It's a Ponzi. Competing coin is interfering with a coin you are backing? It's a Ponzi
Don't understand crypto? Must be a Ponzi? It's not backed by a government? You guessed it, Ponzi
Yes. I often think about what it would be like, telling someone in 2011 that in just a few short years, a single bitcoin will be worth $600. Of course they would say it was nonsense, and they probably wouldn't even bother to say "if it sounds too good to be true, it probably is."
To find opportunities that are almost too good to be true, you do have to consider the ones which look too good to be true, and of course, not just dismiss them as Ponzi schemes.