Is cryptocurrency a giant pyramid scheme?

[Reedex]

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.

 

[uptrendfinancialsignal]

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.

 

[Reedex]

The critics often characterise cryptocurrency to the price fluctuations and they believe that it is very unstable and unpredictable market which could be manipulated by large holders called the Whales.

 

[uptrendfinancialsignal]

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 .

 

[Reedex]

If you want to debate whether cryptocurrency is a real asset or pyramid scheme, it will depend on individual perspective and preferences. We should also try to look at the risk tolerance of individuals.

 

[uptrendfinancialsignal]

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.

 

[Ratine]

In my own opinion the cryptocurrency is not deemed as the pyramidial scheme as many folks would say. This is something that is controlled and managed by the blockchain for that matter.

 

[nomad]

Pyramid scheme means you recruit someone and build your downline to make money. Do you see this feature in crypto? It is not a pyramid scheme. It is a payment system as well as asset

 

[Stardom22]

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.

 

[Suba]

Not only does crypto have fluctuating prices, stock prices also fluctuate, especially tier 3 stocks, prices can also be controlled by stocks whales, they can also do pump and dump, why is only crypto considered a pyramid?