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Jacson6

(353 posts) Tue Dec 21, 2021, 12:13 AM Dec 2021

Why Bitcoin is a Scam

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7 replies

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Why Bitcoin is a Scam (Original Post) Jacson6 Dec 2021 OP

I'm always astonished by people who convince themselves bitcoin is NOT a scam. n/t TygrBright Dec 2021 #1

Tulips anyone? captain queeg Dec 2021 #2

Then why do all the Nigerian Princes want to be paid in Bitcoin? Bayard Dec 2021 #3

I still can't get my head around it. bamagal62 Dec 2021 #4

It is that. As the video explains, it's a Ponzi scheme. brush Dec 2021 #5

It's the stock market DarwinsRetriever Dec 2021 #6

Some consider crypto a "store of value" against currency controllers. ancianita Dec 2021 #7

TygrBright

(20,770 posts)

1. I'm always astonished by people who convince themselves bitcoin is NOT a scam. n/t

Reply to Jacson6 (Original post)

Tue Dec 21, 2021, 12:18 AM

Dec 2021

captain queeg

(10,247 posts)

2. Tulips anyone?

Reply to Jacson6 (Original post)

Tue Dec 21, 2021, 12:24 AM

Dec 2021

Bayard

(22,157 posts)

3. Then why do all the Nigerian Princes want to be paid in Bitcoin?

Reply to Jacson6 (Original post)

Tue Dec 21, 2021, 01:33 AM

Dec 2021

bamagal62

(3,270 posts)

4. I still can't get my head around it.

Reply to Jacson6 (Original post)

Tue Dec 21, 2021, 02:03 AM

Dec 2021

It’s tied to nothing. It’s like fake Monopoly money. It’s like, “here I’ll pay you in fake money. And, if we get enough of it might not be fake anymore.” Please enlighten me if it’s not this.

brush

(53,871 posts)

5. It is that. As the video explains, it's a Ponzi scheme.

Reply to bamagal62 (Reply #4)

Tue Dec 21, 2021, 02:36 AM

Dec 2021

It's a slower form of going to gamble in Las Vegas.

DarwinsRetriever

(28 posts)

6. It's the stock market

Reply to Jacson6 (Original post)

Tue Dec 21, 2021, 07:44 AM

Dec 2021

all over again.

ancianita

(36,137 posts)

7. Some consider crypto a "store of value" against currency controllers.

Reply to Jacson6 (Original post)

Tue Dec 21, 2021, 10:55 AM

Dec 2021

How this guy who lost his bitcoin wallet in Wales has acted, gives us an idea of how they think. I'll bet the town that refuses to help him is stealth digging for that wallet this very minute.

https://www.newyorker.com/magazine/2021/12/13/half-a-billion-in-bitcoin-lost-in-the-dump

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