I am not going to view cryptocurrency as a pyramid scheme because it is a real asset for those who believe in the technology and we should all understand that it has the full potential to revolutionize various industry which includes finance, supply chain and also the healthcare sector . The skeptics would argue that cryptocurrency resemble a pyramid scheme because of its volatile nature and because of its speculative trading behavior which could actually lead to a big loss for investors.
Is cryptocurrency a giant pyramid scheme?
- Thread starter Reedex
- Start date
Cryptocurrency is not a pyramid scheme but you understand that its value is dependent on the market demand and sentiment and that is why so many people question the value and the sustainability of cryptocurrency.
The decentralized nature of cryptocurrency given by the blockchain technology brings transparency and there is high security as well but it also allow anonymity and illicit activities as well .
The decentralized finance and the non-follible token is a real world utility that indicate that cryptocurrency has real world use. It could be used to make cross border payment and remittance.
As far as l am concerned, the crypto currency is not a pyramidial scheme not is it a get rich quick program. The only sad part of the crypto currency is the volatility nature and that sometimes it's being unpredictable.
