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Posted on 12/17/17 at 2:56 pm to keakar
1. Explain who this someone is that everyone is giving their money to.
2. Google the word "decentralized"
3. Either you don't understand what "non existent" means or you think the stock market is non existent.
4. Either you don't understand what a Ponzi scheme is or you don't understand cryptocurrency. We all know which one it is. But please explain how it's a Ponzi if you are still inclined to embarrass yourself.
Do you understand speculative markets are a thing? Your simplistic response throws a blanket over half of wallstreet. The first argument out of the uneducated mouths is always Ponzi. Which is great because you instantly know who your dealing with.
Delusional or ignorant. Which category do you fall into? Maybe you've got one foot in each door?
ETA: I forgot to throw in an emoji to get his attention
2. Google the word "decentralized"
3. Either you don't understand what "non existent" means or you think the stock market is non existent.
4. Either you don't understand what a Ponzi scheme is or you don't understand cryptocurrency. We all know which one it is. But please explain how it's a Ponzi if you are still inclined to embarrass yourself.
Do you understand speculative markets are a thing? Your simplistic response throws a blanket over half of wallstreet. The first argument out of the uneducated mouths is always Ponzi. Which is great because you instantly know who your dealing with.
Delusional or ignorant. Which category do you fall into? Maybe you've got one foot in each door?
ETA: I forgot to throw in an emoji to get his attention
This post was edited on 12/17/17 at 2:58 pm
Posted on 12/17/17 at 3:06 pm to MrSmith
quote:
1. Explain who this someone is that everyone is giving their money to.
2. Google the word "decentralized"
3. Either you don't understand what "non existent" means or you think the stock market is non existent.
4. Either you don't understand what a Ponzi scheme is or you don't understand cryptocurrency. We all know which one it is. But please explain how it's a Ponzi if you are still inclined to embarrass yourself.
Do you understand speculative markets are a thing? Your simplistic response throws a blanket over half of wallstreet. The first argument out of the uneducated mouths is always Ponzi. Which is great because you instantly know who your dealing with.
Delusional or ignorant. Which category do you fall into? Maybe you've got one foot in each door?
ETA: I forgot to throw in an emoji to get his attention
Take a chill pill Sally...did you invest every dime of your life savings into Bitcoin or something? You bark back at this other posters like you're defending your life's worth.
Posted on 12/17/17 at 3:07 pm to keakar
Man it must suck to miss the boat
Posted on 12/17/17 at 3:22 pm to Steadyhands
I'm good. This is just entry level crypto BS we deal with daily. My response was typed to match the kicking and screaming of the person I was replying to.
Posted on 12/17/17 at 3:26 pm to tduecen
quote:
Man it must suck to miss the boat
If you aren't putting every dime into it you either believe it is a scam at heart and you don't believe in what it is.
I'm fine with people throwing money into it like beanie babies, just don't sell the decentralized shite like that is what is making it valuable.
Posted on 12/17/17 at 3:29 pm to keakar
quote:
ponzy scheme
What's this?
Posted on 12/17/17 at 3:34 pm to keakar
quote:
give someone all your money and get nothing for it the imaginary completely arbitrary value put on this non existent investment makes you think its making you money.
As mentioned, you’re either ignorant or have no remote understanding of what crypto currency is and how it works.
What’s funny is your first line is hypocritical...because any person that puts their money in a bank is giving someone all of their money and getting nothing in return. The block-chain/bitcoin is the opposite: you have your money. It’s peer to peer banking, no middle man.
As for the value, it’s all speculative and most people that actually know what they’re talking about fully expect the bubble to burst at some point. The catch is, bitcoin isn’t intended to be an investment. As I understand it, it’s a proof of concept for the block chain and the block chain is a very real thing being used by even the big four accounting firms right now.
You should read up.
This post was edited on 12/17/17 at 3:36 pm
Posted on 12/17/17 at 3:35 pm to jordan21210
quote:
The block-chain/bitcoin is the opposite: you have your money. It’s peer to peer banking, no middle man.
What are the exchanges and wallets?
Posted on 12/17/17 at 3:39 pm to fightin tigers
Exchanges are not part of Bitcoin or the blockchain. You don't need them to buy, sell or trade. They're just a convenience.
Posted on 12/17/17 at 3:41 pm to fightin tigers
quote:
If you aren't putting every dime into it you either believe it is a scam at heart and you don't believe in what it is.
Lol wat
Posted on 12/17/17 at 3:42 pm to MrSmith
quote:
Exchanges are not part of Bitcoin or the blockchain. You don't need them to buy, sell or trade. They're just a convenience.
Because they verify they aren't counterfeit or stolen
Posted on 12/17/17 at 3:43 pm to fightin tigers
quote:I've put a decent amount into it at this point, not as much as many others but I'm at 5x my original investment and I've taken out more in profits than what I've put in.
If you aren't putting every dime into it you either believe it is a scam at heart and you don't believe in what it is.
Posted on 12/17/17 at 3:44 pm to 13SaintTiger
quote:
Lol wat
People who believe bitcoin are the future, but aren't 100% in, are either missing the boat or just speaking out both sides of their mouth.
Posted on 12/17/17 at 3:45 pm to fightin tigers
Oh trolling... ignore my post 
Posted on 12/17/17 at 3:47 pm to fightin tigers
quote:
Because they verify they aren't counterfeit or stolen
What the frick? They do neither of those things. There is no such thing as counterfeit on the blockchain
Posted on 12/17/17 at 3:47 pm to keakar
quote:
the imaginary completely arbitrary value put on this non existent investment makes you think its making you money.
"Fiat money is currency that a government has declared to be legal tender, but it is not backed by a physical commodity. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material that the money is made of."
Other than the government declaration there is really no difference between crypto currency and those paper and metal representations of monetary value you carry around in your pocket.
Posted on 12/17/17 at 3:47 pm to fightin tigers
quote:
People who believe bitcoin are the future, but aren't 100% in, are either missing the boat or just speaking out both sides of their mouth.
That isn’t how investing works, bitcoin aside. You must plan on working until you die just to make ends meet
Posted on 12/17/17 at 3:48 pm to tduecen
Not trolling.
It has every sign of a ponzi scheme.
Including those who are invested them touting the benefits, even though they don't believe in them. Noni juice and those fat wraps come to mind.
When someone casts doubts just respond, "you're not smart enough to get it"
It has every sign of a ponzi scheme.
Including those who are invested them touting the benefits, even though they don't believe in them. Noni juice and those fat wraps come to mind.
When someone casts doubts just respond, "you're not smart enough to get it"
This post was edited on 12/17/17 at 3:50 pm
Posted on 12/17/17 at 3:49 pm to fightin tigers
With companies like JP Morgan, Microsoft, Apple, Ameritrade, etc buying into Crypto currency I do not believe it is a Ponzi. Would be the most elaborate Ponzi scheme ever
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