BREAKING- US SEC SUSPENDS MAJOR BITCOIN TRADER as BITCOIN PRICE PLUMMETS OVER 10% IN FEW HOURS OVER PONZI FEARS

Here comes the crash!

Don't HI paint my fingernailsL SELL SELL!

Anyone with sense knows bitcoin is the biggest ponzi scheme ever conducted. When new money stops pouring in it will collapse and burn like all ponzis

Do any of you actually read the articles or do you just post shit for the headlines?

A fucking company, not bitcoin, was halted. Big fucking difference.

As I've said before

Somebody needs to call the Chair of the CBOE,
the head of the CFTC
the SEC commissioners in charge of approving ETF's
the head of the CME,
the chair of Nasdaq,
Mike Novogratz and Bill Mitchel

and tell them they're ALL making a TERRIBLE mistake!

cuz BTC is a PONZI

LMAO

No, im trying to understand why Bitcoin is a ponzi scheme because one company out of hundred or even thousands gets halted.

Some of you wish for bad shit on anyone and everyone and the only reason I can see is because you're a bunch of miserable fucks that want everyone in the same slump as you. Carry on!

[link to en.wikipedia.org (secure)]

A Ponzi scheme (/ˈpɒn.zi/; also a Ponzi game)[1] is a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities or profit of financial trading. Operators of Ponzi schemes can be either individuals or corporations, and grab the attention of new investors by offering short-term returns that are either abnormally high or unusually consistent.

Cryptocurrencies have been employed by scammers attempting a new generation of Ponzi schemes. For example, misuse of initial coin offerings, or "ICOs," on the Ethereum blockchain platform have been one such method.[11] (per the Financial Times, "smart Ponzis").[12] The novelty of ICOs means that there is currently a lack of regulatory clarity on the classification of these financial devices, allowing scammers wide leeway to develop Ponzi schemes using these assets.[13]

Following the collapse of a Ponzi scheme, even the "innocent" beneficiaries (including anyone who unwittingly profited without being aware of the fraudulent nature of the scheme as well as the recipients of charitable donations from the perpetrators while the scheme was in operation) will be liable to repay any such profits or donations for distribution to the victims. This typically does not happen in the case of an economic bubble, especially if it cannot be proven that the bubble was caused by anyone acting in bad faith.

Ico's are shit, but Bitcoin was never offered at an ICO. Bitcoin has chugged along for years and now that its 15k + pissed off naysayers are more pissed off because someone did better than they did.

Also, is it a bubble or a ponzi? You haters usually lump both of those terms together...

You sound angry, maybe you need a snicker's bar.

Maybe you need to realize some of us don't give a fuck what you waste your money on, or what you gamble your money on, that's on you.

The amusing part is people like you that take offense and get offended when people point out the truth, good luck in life is all I can offer you!

As it should be stated some of us make our money the real way, not off the backs of other's and not off the gullibility of others. Cryptocurrency is nothing but a way to make money of the gullible just like ever ponzi scheme that came before.

Well, my money didnt just fall out of my ass, I worked for it as well, dipshit.

Sorry you have qualms about making money, others will do what you wont and you'll be back here bitching some more about it.

EVERYONE LISTEN TO ME!!! IF YOU OWN BITCON...SELL IT ALL NOW, RIGHT NOW, NOT LATER TODAY...GET OUT WHILE YOU CAN!!!!!!!



this is a crash tease...but would like to be the one that made the illusion crash....

And theres a sucker born everyday....

Say what you'd like to about its eventual collapse, but Bitcoin is not a Ponzi.

At least, no more so than anything else there is a market for.

If you believe bitcoin is a Ponzi scheme, this is a strong indication that you would benefit from learning how markets and money work vs. how common scams operate.

Doing this homework might save your money from scammers or even make some money for you in the future.

Ask yourself what is the next best value of that which you own, besides selling to the next chump that wanders in ... ZERO

GET OUT NOW BECAUSE ZERO IS WHERE IT GOES WHEN THE NEXT CHUMP DOESN'T COME

Last Edited by Big Duke6 on 12/19/2017 07:03 PM

Same as gold.

To clarify, it is a market. Like gold. If nobody wants to trade their dollars for your gold, it had no dollar value.

The same applies to imaginary dog shit, tulips, video game avatars... Just because people are willing to pay more than you and I think it is worth, does not make it a Ponzi.

Wrong.

Somebody will always trade gold for fiat currency, or silver, or diamonds. I intimated it was a scam ... as to whether it's a Ponzi scam, I could care less.