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Old 08-12-2013, 12:48 PM
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sunburn sunburn is offline
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Default Bitcoins, the second biggest ponzi scheme in history

"..I hereby make a prediction: Bitcoins will go down in history as the most spectacular private Ponzi scheme in history."

Read more: http://www.silverdoctors.com/bitcoin...me-in-history/
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Old 08-12-2013, 01:11 PM
Goldmansachs Goldmansachs is offline
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if ever silver were to hit that kind of exponential rise in price, i would also look it as a ponzi scheme and sell off all my holdings

silver were to hit 1000-3000, i would also make a prediction it will be the baddest bubble as well, yet not as bad as bitcoins which rose from less than a dollar three yrs ago to the price today.

some of us invest in silver and lesser in gold shows that you want to have wealth transfer towards you, silver failed badly, total mockery but bitcoin achieve that.

if i had got some when i first start investing in silver in 2010 and listen to the ponzi scam pusher max keiser, i would have become a millionaire which then cost less than a buck or so.

Last edited by Goldmansachs; 08-12-2013 at 01:21 PM.
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Old 08-12-2013, 08:39 PM
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pika pika is offline
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Ah, the big 'if' on hindsight again... If only we know 'when' also, we will all be rich right? Wrong. If everyone is rich, then who will be poor? There will be no wealth transfer at all. Everyone have hindsight, but not foresight, and much less the insight.
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Old 26-12-2013, 11:19 AM
desmondsim desmondsim is offline
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Quote:
Originally Posted by pika View Post
Ah, the big 'if' on hindsight again... If only we know 'when' also, we will all be rich right? Wrong. If everyone is rich, then who will be poor? There will be no wealth transfer at all. Everyone have hindsight, but not foresight, and much less the insight.

Well, my thought is if governments are printing money from thin air, there will be be tons of millionaires soon and everyone is rich ....... its just how much their millions are worth.
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Old 26-12-2013, 07:55 PM
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pika pika is offline
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Well, my thought is if governments are printing money from thin air, there will be be tons of millionaires soon and everyone is rich ....... its just how much their millions are worth.
Tons of millionaires? Yes. Today's billionaires are yesterday's millionaires. Remember, or heard of, the six million dollar man? Are you impressed? Not the man, but the million... LOL.

Everyone is rich? No. And that's my point. When all become rich, who is poor? Wealth disparity and poverty are not eradicated by more money printing.
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Old 26-12-2013, 08:25 PM
moyyewhon moyyewhon is offline
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actually i believe in sound money and hard assets, but those who don't understand the technology and the community behind cryptocurrencies have no clue whatsoever and the only weapon they have is "its a ponzi scheme".
take the dive into it.. if u mine, you dont have to pay a cent for it.
and then see what it is all about.
read about it, find out more about it.

cryptocurrencies are the future. like it or not.

and my advice is "dont be narrow minded"

im into dogecoins and i got 150k dogecoins now. at least I am in front as an early adopter rather than just complain everyday.

and as goldmansachs said.. if he was an early adopter he could have used all the money he made in bitcoins to buy more silver. a lot of pm retailers now are accepting bitcoins..
http://www.coinabul.com/

these who use bitcoins to buy silver are still advocates of sound money but doesnt mean they write off others.. its just means to get more hard assets. they are the ones being smart, not the clueless who still use "its a ponzi scheme" on almost everything.
I repeat again, I believe in gold and silver and palladium and platinum and rhodium and indium and bismuth as sound money. I collect stamps too..and i dont mind taking a step into the unknown. that what life is all about. you will learn something along the way . only a few days into cryptocurrencies and i learn more than what i could learn in 2 years in regards to technology .
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bitcoins are disruptive in nature, but banks are going to use it. So, my prediction is, the next industry to be UBER'ed will be gold...

Last edited by moyyewhon; 26-12-2013 at 08:35 PM.
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