Originally Posted by DVTimes

The problem is, this is now turning into a sort of pyramid scheme.

I mean by this, the idea was that bitcoin was to be used to buy and sell goods and so on.

Now it is something people get hoping to make money on.

This is how pyramid schemes work. The ones who make the money, tend to be the ones running them or who got in early.

The 'mugs' are those who got in late.

Like a pyramid scheme it is pretending it is something it is not. So with pyramid schemes you may have a product that you hope some other mug will go out and sell and you make the cash. But no one sells the product, only membership.

These coins last longer because selling them is not easy (turning them into dollar).

Normally when shares hit zero, that's it, game over.

But with these coins, they can still keep going even when they are worth, $0.000000001. But then people get greedy and pump in money because they believe even if it gains a tiny value they become instant millionaires, but who is going to give you a few million for coins that are worth sod all.

It is basically greedy mugs trading with greedy mugs.

So you end up with greedy people, who want to make easy cash.

Greed, greed, greed.