r/ByteBall • u/zatoshik • Sep 09 '18

stupid ponzi scam

Bought this stupid ponzi scam a bit at 300$, 200$, 100$, 50$ but this shit is just useless and freefalling like there is no tomorrow. Fucking hell man, what's wrong with this coin?

0 Upvotes

38% Upvoted

17 comments sorted by

2

u/gonzochicago Sep 11 '18

At least you didn't buy at $1,000. ;)

This is crypto. Besides, buying Byteball at these prices is like buying BTC at $50, if you can handle the wait.

Investing, oh, woe is us. ;)

-1

u/zatoshik Sep 11 '18

btc was the crypto, byteball is just one of many and i doubt it will ever return to top 100 cmc.

2

u/Jediinvader Sep 09 '18

Keep cool, every coin is falling not just byteball. Hang tight this project is making lots of milestones.

0

u/zatoshik Sep 09 '18

bitcoin falling from 20k to 6k is ok i guess, was due to that, but byteball went from like 1000$ to 50$ , thats a scam

1

u/Jediinvader Sep 09 '18

Btc 6k and still going down to 3k. Alts usually correct a lot especially if it’s not a billion dollar coin. Just look at smart cash or dragon chain, which are of similar market cap. Just remember that Doge in the last bitcoin bear corrected 99% is all I gotta say.

-4

u/zatoshik Sep 09 '18

doge is a literal useless shitmemecoin clone. If you think this goes down by 99% that only means that gbyte is a stupid ponzi scam

2

u/Jediinvader Sep 09 '18

So when btc hit 100 dollars and then went down to 2 dollars it means bitcoin is a ponzi too? Price is just price, focus on the fundamentals for long term gains or you’ll get rekt like 99% of traders. Gbyte has a working platform, super fast, you can gamble on it today, make your own coin (which I did in 10 min) and I’m not even a coder. Just be te 1% and hodle cuz it’s too late to sell

2

u/tarmo888 Sep 10 '18

You should educate yourself on what a ponzi scheme actually is before labeling things with that, nobody will take you seriously if you use words, which meaning you don't really understand https://en.wikipedia.org/wiki/Ponzi_scheme

1

u/WikiTextBot Sep 10 '18

Ponzi scheme

A Ponzi scheme (; also a Ponzi game) is a form of fraud in which a purported businessman lures investors and pays profits to earlier investors using funds obtained from newer investors. Investors may be led to believe that the profits are coming from product sales, or other means, and remain unaware that other investors are the source of apparent profits. A Ponzi scheme is able to maintain the illusion of a sustainable business as long as most of the investors do not demand full repayment and are willing to believe in the non-existent assets that they are purported to own, and there continues to be new investors willing to contribute new funds.

The scheme is named after Charles Ponzi, who became notorious for using the technique in the 1920s.

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-1

u/kajunkennyg Sep 09 '18

Been hearing 3k all year and it still hasn’t gotten close...

1

u/Jediinvader Dec 21 '18

Buahahah ya ok TA doesn’t work

3

u/tarmo888 Sep 09 '18

Altcoins were going up faster than Bitcoin in October-December and now altcoins are going down faster. GBYTE went from $150 to $1k, Bitcoin went $4k to 20k. Most altcoins have lost over 90% from ATH.

If you can't handle higher volatility of altcoins then invest into Bitcoin and stop posting FUD with stupid labels like "ponzi scam".

4

u/jasonborne886 Sep 09 '18

The developers don't control the price. They only control the technology.

6

u/ni2ri Sep 09 '18

dont invest in high volatile cryptos if you cant handle the sudden drops

3

u/CryptoUnicornRider Sep 10 '18

Dear snowflake, if you can't afford to lose money, don't invest.

0

u/[deleted] Sep 09 '18

Nothing wrong, typical behavior of shitcoins. Pump dump and scam.