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
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.
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.
[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 plan to demonstrate here that Bitcoin, and companion crypto currencies, are really a digital version of a Ponzi scheme, the first in History supported by social media. We all know what a Ponzi scheme is, it is based on the belief in a non-existent enterprise and only grows so long as new investors with fresh money are brought in. The highly volatile bitcoin price has caused many high-profile investors to brand it a Ponzi scheme ...[+] over recent years. AFP via Getty Images "It’s just one big Ponzi scheme," Portnoy told ... ‘Bitcoin’ and ‘Ponzi schemes,’ at one point were used interchangeably. When the cryptocurrency first started making waves early in the previous decade, all everyone could talk about was the price. Only a few years after Bitcoin was more than just a ‘pet project’ in a small cypherpunk circle, it skyrocketed to $1,000, giving its early […] Ponzi schemes typically involve investments that have not been registered with the SEC or with state regulators. Registration is important because it provides investors with access to key information about the company's management, products, services, and finances. What is a Ponzi Scheme? A ponzi scheme is a fraud in which early investors are lured with massive payouts based on how many people they invite into a business that is designed to cheat people. You may have heard this many times before where certain schemes encourage you to invite 3 other investors promising […]
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 ... WATCH LIVE DAILY: https://ivanontech.com/live 🚀 SIGN UP FOR ACADEMY: https://academy.ivanontech.com ️ BEST DEALS: https://ivanontech.com/deals SIGN UP F... As Bitcoin is growing in value, more and more people are getting exposed to the power of Bitcoin. But, is Bitcoin a Ponzi or Pyramid scheme? Watch the video and find out! More Frequently asked ... This is my journey into Crypto Space and I have managed to live on my income from Bitcoin and Crypto full-time. ... Signup to coinbase exchange - ... Why Bitcoin Is a Ponzi Scheme with David ... Government Says Virtual Currency e.g. Bitcoin is like a Ponzi Scheme. ... The Govt or RBI has not given license to operate as a virtual currency exchange or intermediary. RBI has already cautioned ...