Bitcoin (BTCUSD)

[mm41]

Personally, I don't mind if someone gambles, trades or otherwise with BTC. For me, BTC is a pyramid scheme and I will never change my mind about that. Even those who gamble certainly agree with me. I also have to admit that anyone who is brave earns handsome sums here. But many lose a huge amount of money. But anyone who claims that BTC is an investment, etc. is lying.

What does consumer advice center say about pyramid schemes:

What is a pyramid scheme?
Pyramid systems are business models that require an ever-increasing number of participants in order to function. For these you get a "bounty", similar to a snowball rolling down the slope and growing steadily.

Profits for participants arise almost exclusively from recruiting new participants, who in turn invest money without receiving any service or product. Rapid spread brings money into the system like a flash in the pan. But you can also get out of this system just as quickly. The growth in new members cannot last long.
www.verbraucherzentrale.de/wissen/...allsystem-erkennen-13147
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According to this explanation, Bitcoin meets the pyramid scheme requirements!