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A price is set when a buyer and seller agree on a price. If all sellers want a high price, then the price will be high. The bitcoin price is rising as much bec
by ISL 9y ago
A price is set when a buyer and seller agree on a price. If all sellers want a high price, then the price will be high.
The bitcoin price is rising as much because current holders would rather hold as because buyers are willing to pay more than they were in the past.
A Ponzi scheme promises a return, and uses new money to fund returns to existing investors. Cryptocurrencies themselves make no such promise -- those buying with intent to sell in the future are buying with the belief that the future price will be higher, but such a reality is hardly certain.
- SippinLean 9y agoand even if that reality was certain, there's no one "running" Bitcoin to determine who to pay dividends to (such as in a Ponzi)
- bandrami 9y agoOnly if you ignore the exchanges, who have been marketing them to people.
- SippinLean 9y agoThe exchanges cannot decide who receives dividends and who does not, very much unlike a Ponzi.