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BeZazz

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Posts posted by BeZazz

  1. 4 hours ago, Paul said:

    It definitely follows the pattern. Not sure how MLM pyramid comes into play with Bitcoin though, is she referring to an exchange? On one hand I strongly believe in blockchain and think it has great real world benefits, on the other hand the rapid rise is a big concern. There's a lot of short term volatility. Long term I think the market cap will continue to grow, especially as it begins to be integrated into daily life.

    From what I can workout. You buy packages (which contain x amount of Bitcoin).

    The people bellow you buy these packages off you. They then sell them to the people bellow them etc.

     

  2. I think it is a bubble that will soon burst.

    I was talking to an old friend of mine (she is into Bitcoin) and she wanted to know who my "up line" was...

    A lot of her friends were into it too but it is like some MLM pyramid scheme. So these mums and others like them are helping to artificially boost the price. I say artificially as I can not see them staying with it.

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