Fantastic Bitcoin chain analysis effort. Worth having a look at what investigating a Bitcoin exchange Ponzi scheme… https://t.co/KS7E9JGNOP - Crypto Dynamic Info - Whales's
Posted at: February 4, 2019 at 12:29AM By: Fantastic Bitcoin chain analysis effort. Worth having a look at what investigating a Bitcoin exchange Ponzi scheme… https://t.co/KS7E9JGNOP Automate your Trading via Crypto Bot : http://bit.ly/2GynF9t Join Telegram Channel for FREE Crypto Bot: Crypto Signal
Caution! Exchange hacks have greatly contributed to Bitcoin’s rising price. It’s much easier to pump up the Ponzi when the poor shmucks who had the unfortunate idea to invest, get their coins stolen and can never sell.
Exchange hacks have greatly contributed to Bitcoin’s rising price. It’s much easier to pump up the Ponzi when the poor shmucks who had the unfortunate idea to invest, get their coins stolen and can never sell.
Exchange hacks have greatly contributed to Bitcoins rising price. Its much easier to pump up the Ponzi when the poor shmucks who had the unfortunate idea to invest, get their coins stolen and can never sell.
[uncensored-r/Bitcoin] Do you know what a Ponzi scheme is? The real reason China banned exchanges
The following post by nolimitnp is being replicated because the post has been silently greylisted(for 0.7 hours). (It was approved by the mods at: 2017-09-17T00:25:54.000Z) The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/70j4b5 The original post's content was as follows:
This is extremely important for your financial future so I ask you take this extremely seriously with an open mind. Firstly, KNOW AND UNDERSTAND front to back, top to bottom exactly what a Ponzi scheme is or don't even bother reading further. I recommend this video or if you don't click links, go to YouTube and search for "money week Ponzi scheme". If you can watch this entire video start to finish without thinking "holy shit, you have my attention" then you deserve to lose your money. https://www.youtube.com/watch?v=jBGgHT2UT7o&t=18s Secondly, in absolutely zero way am I saying cryptocurrency is worthless. It clearly has real world value. In hindsight, mixing cryptocurrency with the very thing it was designed to replace (fiat) was a huge mistake. The overwhelming majority of Bitcoin in existence was obtained for essentially nothing by miners and early adopters for mere pennies. Until mid 2016, the price had remained mostly steady, although still volatile. In just the last year Bitcoins value has increased from $500 to almost $5000. But what is causing the price to rise so quickly to there incredible levels? You want to believe its because more people are entering the market, but that's not how it works. Cryptocurrency is unregulated, meaning it's completely possible for there not to be a market at all, but a market simulation. I'm telling you the market IS a simulation. People are seeing the consistent price increases in pretty much everything and don't want to miss out, so more and more people are buying in. We all have dreams of Bitcoin hitting $100,000 or higher. Then we've got people like Roger Ver, Jeff Berwick, Andreas M. Antonopoulos touting Bitcoin as the savior of humanity, which not only convinces more people to buy in, but also hold. And to be fair, maybe Berwick and Andreas are as naive as we are, but they were in early. This creates market liquidity. Meanwhile, they can sell their bitcoins obtained for mere pennies for ungodly profits. As long as the price continues to increase, people aren't converting back to fiat and new people will continue to buy in. Like on this recent dip, I always hear "buy on the dips". Suckers!! At some point, the "market" will decrease significantly causing millions of people to sell and attempt to convert back to fiat. But there won't be any liquidity left as the original investors have been cashing out. New investors giving their money to old investors. It's a classic ponzi scheme, the largest in history. So you have a $1,000,000 portfolio and understand it's a ponzi scheme. Oh shit, time to sell!! Well, good luck. Coinbase withdrawal limit is only $10k per day. There just isn't an easy way to convert large amounts, a fact that is always overlooked. The fact of the matter is most people have already lost most of their money. They just don't know it yet. Poloniex updated their ToS to include the inability to be involved in class action lawsuits the day before Bitcoin forked. Why, coincidence? If you went to sleep with 1 BTC @ $2800, you woke up with 1 BTC @ $2800 and 1 BCH @ $400. $400 of "free money". From where? Coinbase, one of the few exchanges that allows conversion back to fiat, refused to release their customers BCH until January. Why so long? Because that $400 doesn't exist, they don't want anyone selling, for obvious reasons. If Roger Ver is Satoshi Nakomoto he probably has more than 1,000,000 BTC, so he had a $400,000,000 pay day, just for owning it. Makes more sense as to why he'd push so hard for BCH now doesn't it? And you better believe he's already cashed out. But have any of you? Poloniex refused to release their BCH until August 14th, my best guess being they were waiting for someone to question where the $400 came from. Seriously, am I the only one questioning it? We dodged a bullet. And remember, that $400 from nowhere is also sloshing around in other cryptocurrencies. Ethereum will fork not once, but twice the end of this month. Why twice? Knowing what you know now about Bitcoin Cash, makes a little more sense doesn't it. Roger Ver has parts in Bitpay, BitStamp, Kraken, Shapeshift, Purse, Ripple...everything Bitcoin. He's, well, Bitcoin Jesus. But he'd be prosecuted and hung by his balls, right? Well, not exactly. https://qz.com/221598/marriott-is-helping-bitcoin-jesus-sell-cheap-citizenship-in-the-caribbean/ The only reason I know is because stole $17k that would be $250k today from me and I've been trying to prove it ever since. Yeah I went a little bigger, huh? We've been had fellas. Sure, laugh, but you better pray I'm wrong. BTC: 1NHmYxrnxiBkGjhEed3VPso3oY9mnbuqSx ETH: 0xb6F4a3974Da40Ba92377bF8E61C3E8323f1ba326 We still have until at least the Ethereum fork, unless word gets out sooner. Jmbullion.com accepts bitcoin for gold and silver. Nope, not accepting comments. Ya'll are mean as fuck. STOP SHOOTING THE MESSENGER, I did not cause this, I'm trying to help you.
The Market Oracle claims Bitcoin is the 'Perfect Scam' and Exchanges are a "Ponzi scam"
A friend who I have been discussing BTC with sent me this link today, I can't hardly tell if the guy is joking or not, especially when he starts talking about the 800K BTC that were stolen from MTGox never existed in the first place! http://www.marketoracle.co.uk/Article44647.html
I will explain in detail why Bitcoin is not a Ponzi scheme, but before that let’s understood and examine what a Ponzi scheme actually means. What Is A Ponzi Scheme? A Ponzi scheme 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. PlusToken: Ponzi That Shook the Bitcoin Exchange Rate PlusToken is a scam project that can be compared with ICO TON in terms of the amount of raised funds. The pyramid collapsed in the summer of 2019, and we could safely forget about it if we do not take into account the losses of defrauded investors. People associated with PlusToken still launder dirty capital, and on such a scale that they ... Total Exchange Blog. Trade The World . in Cryptocurrency ‘Bitcoin is just one big Ponzi scheme’ by Total Exchange; on September 25, 2020; Comments Off on ‘Bitcoin is just one big Ponzi scheme’ Popular day trader and founder of Barstool Sports Dave Portnoy revealed that he bought $1.25 million worth of Bitcoin even though he thinks its “just one big Ponzi scheme” in an interview ... Bitcoin News Canadian Securities Firm: Quadriga CX Was a Ponzi Scheme. Perhaps one of the biggest – and scariest – mysteries to emerge from the cryptocurrency space over the past few years has ... Haters say that bitcoin is used by terrorist groups to avoid being tracked. Fools be those who think Bitcoin is completely anonymous. In fact, physical cash is much more anonymous than any medium of exchange out there. Drugs. Bitcoin was (is) used to buy and sell drugs. Bitcoin did not create a single drug and it did not create commerce for ...
Bitcoin is a Ponzi scheme! In the coming recession bitcoin will collapse as people need to get their money out to pay bills and for other expenses. The question is, do these cryptocurrency ... 2) Bitcoin's pricing is determined by buyers and sellers around the world, rather than by a single clearing house or exchange. 3) The Bitcoin network and software are open source and transparent. Laser.Online had a top affiliate named 12dailypro, which relates back to a wonderful lady from 2006 that operated a $50MN Ponzi. She disappeared after 9 months, and so did her company, 12dailypro ... Government Says Virtual Currency e.g. Bitcoin is like a Ponzi Scheme. The link to press release is as follows ... The Govt or RBI has not given license to operate as a virtual currency exchange or ... This video is unavailable. Watch Queue Queue