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Message: <blockquote data-quote="djHiran" data-source="post: 23269505" data-attributes="member: 6429">Bitcoin’s USD price is decided by its supply and demand, just like any other market. If that is what you call a ponzi scheme, every market on earth is one of them. An actual ponzi scheme is where operators pay returns to investors using new capital. Bitcoin doesn’t pay returns to anyone. Also it doesn’t  have operators other than mathematics. A bitcoin is a bitcoin is a bitcoin, no matter whether you bought it back in 2010 or at ATH in 2017. So there are no “returns”. If you decide to exchange BTC for something else, the gain or loss incurred is decided by your cost basis and your selling price, which in turn are set by the supply and demand. That’s not a ponzi scheme. Bitcoin’s price rose from a fraction of a cent to todays many thousands of dollars because bitcoins are rare and people desire them, not because “the operators of bitcoin are paying old investors returns”. Why do people desire them - you ask. That’s because there are desirable properties to bitcoins. Know what you invest in. Don’t invest recklessly and blame your investment vehicle.</blockquote>

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