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Author Topic: Cryptocurrency is a scheme?  (Read 629 times)

Offline Bobcrypto

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Re: Cryptocurrency is a scheme?
« Reply #15 on: February 04, 2025, 04:39:49 PM »
To me, cryptocurrency just looks like a scheme. At the end of the day, we collect other people's money and call it gain. IT IS WELL!

It sounds like you are not sure of what cryptocurrency is all about or there are things you want the forum members to explain to you.
Now, for learning purposes, a Scheme, as you mentioned has different meaning or interpretation, but with regard to Cryptocurrency, it could mean, a plan or a program of action, especially a Craft.
Notwithstanding, nobody collect money from other people, earning on the crypto community is absolutely individuals efforts.

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Re: Cryptocurrency is a scheme?
« Reply #15 on: February 04, 2025, 04:39:49 PM »

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Offline CoinHolder

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Re: Cryptocurrency is a scheme?
« Reply #16 on: February 04, 2025, 05:29:11 PM »
Try to read and learn how crypto works and how people can make profit from it. By how you define crypto, you're good to say that its the same when trading for forex and stock as well, even on oil as well, which is on your term is a scheme.
Trading is different types such as for X trading Straightening and many other trading such as the principles in the world have some basic differences I’ll try to distinguish you and other trading centers. We all know about it so everyone knows about it. Or stock trading basically follows the same policy where you sell your assets to profit but they have some differences. Forex trading is mainly transacted through currencies of different countries, for example the euro P or USD dollar. In stock market you buy and sell company shares and sell shares market prices drop to the company’s performance or economic status and many other reasons.

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Re: Cryptocurrency is a scheme?
« Reply #17 on: February 04, 2025, 05:47:00 PM »
Trading is different types such as ...
No need to tell what are the differences of it, it's self-explanatory. The OP is trying to convey is trading as a whole is a scheme where someone will get the money as profit from someone else which is true and that's how the world works. And its not a scheme its how the market works.

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Re: Cryptocurrency is a scheme?
« Reply #18 on: February 04, 2025, 05:56:27 PM »
Are you referring to a Ponzi scheme type of thing? That's not really the case. It's more like gold. That's for Bitcoin. For other crypto, that would be possible. It's not always going to be like Bitcoin, and there are a lot of PvP happening with money, so it's better you easily take advantage of your trading when you are in profit already.

Can you elaborate more, OP?
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Re: Cryptocurrency is a scheme?
« Reply #19 on: February 04, 2025, 07:05:42 PM »
To me, cryptocurrency just looks like a scheme. At the end of the day, we collect other people's money and call it gain. IT IS WELL!

If you're into making business and you bought an item from the producer with the aim of making profits at the rate of $10 then sell at the rate of $12m is that one also a cheat or you're just being anti crypto, because i don't get it, this is not like the ponzi schemes that promised overnight fortune, they are not forcing you into crypto, its only when you think its something worth going for, then you make attempt to learning it and making profits from it, maybe trading as well is also a scam in your own definition, all these are wrong mentality you've got.

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Re: Cryptocurrency is a scheme?
« Reply #20 on: February 04, 2025, 11:31:33 PM »
To me, cryptocurrency just looks like a scheme. At the end of the day, we collect other people's money and call it gain. IT IS WELL!
I'm actually still not confused with your explanation about cryptocurrency is a scheme.

but if it is related to us collecting other people's money for profit, in other businesses too. it's called business, of course we collect money for profit. if not, it means we are just giving alms.

moreover, here, there are many factors why someone can end up with profit and also loss. yes because of the person himself.
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