Thread: Is Bitcoin a pyramid scheme?
#1
Everybody would like to make money as quickly and simply as possible. Being wary of getting duped, a normal question to ask would be: is Bitcoin a pyramid scheme? To answer that question, you need to know what a pyramid scheme really is: a business model that recruits members by promising them payment or rewards for enrolling others into it.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
#2
It is not a pyramid scheme. People can freely choose when and how to invest in the cryptomarket.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
#3
Bitcoin can not be likened to a pyramid scheme since it is a digital asset that can be bought and sold online and can be stored in a digital wallet where as a pyramid scheme is is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products or services.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
#4
A pyramid scheme is a type of business that recruits member and promise them a huge profit if they recruit more. More downline, more profits. It is far from the cryptocurrency trading. Bitcoin is a digital coin for payment and investment.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
#5
How do you define a pyramid from what is not? :)
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
#6
Originally Posted by Alexthedefender04
A pyramid scheme is when a company tries to recruit clients or new members and tells them that they would get commission on every recruitment they can provide. In a way, the strategy is profiting based on the number of recruitment.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
#7
That's correct. That is why people should not be afraid of Bitcoin investment. Indeed, there is a high risk on this investment but one thing is for sure, there is no fraudulent scheme here as long as you make business with reputable exchange sites.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
#8
Before I started investing on Bitcoin, I also had this same question. I learned about Bitcoin through a recommendation as well so I was a bit skeptical. But then, after reading about it and really learning more about it, I realized that it isn't like that.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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