Quote:
Originally Posted by mr smith
Where are the dudes who dropped top dollar on Bitcoin...this will be remembered as the late teens Ponzi scheme.
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Agree, but it's not a Ponzi scheme, a Ponzi scheme requires an enticement or promise of making money trading in Crypto Currency, none of this is the case, all currency trading sites state the risks involved.
It has the bottom up effect of a Ponzi/Pyramid scheme in that the people who are the last ones in/buy at a high price are left holding it all up while the earlier "investors" (hate the term investor for Cyrpto currency) get out making money off the bottom ones, that's how it all works, and why I say its the stupidest thing going.