Cincinnati.com - Opinion: Cryptocurrency might be the greatest Ponzi scheme of all time

in blockchain •  2 years ago 

https://www.cincinnati.com/story/opinion/contributors/2023/01/29/opinion-cryptocurrency-might-be-the-greatest-ponzi-scheme-of-all-time/69836392007/
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Money is "taken" by the crypto system when people buy coins and "paid" to people when they sell them.

If enough people buy coins people can sell them for a profit, otherwise for a loss.

When no one wants to buy anymore, everyone panics, wants to sell the coins as soon as possible, the price drops, and eventually the coins go bankrupt.

What do you think?

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