"Cryptocurrency" = "Money Game"? Is that true?

in #cryptocurrency7 years ago

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Many people consider investing cryptocurrency is one form of money game or commonly also known as ponzi scheme. These allegations are well founded in view of the profits generated by cryptocurrency investments that could reach thousands of percent in a year. Similar to the super-profits offered by money games. But cryptocurrency is not a money game or a ponzi scheme!

Every money game definitely promises an attractive advantage for participants who want to deposit some money for a certain period of time. The interest offered must be very far above the banking standard. Generally this kind of money game under the guise of investment. But in reality this kind of pseudo investment is just a ponzi scheme. Where interest paid is not derived from the return on investment, but from the money deposited by the new participants. Interest payments to the participants will automatically be delayed when no new participants join the money game.

The cryptocurrency is pure currency like Dollar or Rupiah. If you buy Dollar when it costs Rp 10,000 and sell it at Rp 13.000, you will get a profit of Rp 3,000 for each Dollar owned. With a note you have to sell your dollar, and there are parties who want to buy it and pay it with Rupiah. Similarly if in early 2017 you buy 1 Bitcoin at a price of US $ 1000 and sell it at the end of 2017 when it costs US $ 14000. You will get a profit of Us $ 13000 if you sell Bitcoin owned to someone who will pay with US $ a few in question. That is not money game !!!

But it should also be known that at this time started emerging money game using cryptocurrency. So the participants are required to deposit some funds in the form of cryptocurrency. And later will get interest in the form of cryptocurrency as well. If it happens like this, still "Cryptocurrency is not Money Game"!

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It’s a red day for crypto currency

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