Whole financal system is a casion. Without the insinde knowing its just a gamble. So 99% of us are the loosers and a few will always win as the know what will happen next in short time view. Bitcoin looks like to be a kind of derivate with a leverage level of 30-50 without a final knockout. Sometimes you loose somtimes the other side is the winner
Bitcoin fell around $US100 in 24 hours to trade at just under $US400 on Thursday, with watchers of the web-based "cryptocurrency" citing reports of a ponzi scheme as undermining bitcoin's appeal as a credible investment. Bitcoin surged above $US500 on the Bitstamp exchange on Wednesday, before falling back to $US408 later in the day as reports spread of a wave of new Chinese members of a bitcoin pyramid scheme set up by a Russian con artist. On Thursday it fell another 3 percent, to $US395. http://www.afr.com/news/world/bitcoin-falls-over-us100-on-reports-of-ponzi-scheme-20151105-gks3xq
This is all out of China, I think it could stay parked up here a while now, not likely to see $220 again for a while (said it before though). BTC china now taking direct deposits, and with the capital flight from China atm could continue
financial times take on the rally http://www.ft.com/intl/cms/s/2/ee93bc2e-82f6-11e5-8095-ed1a37d1e096.html#axzz3qewRem7Q
MSM try to undermine BTC with bring it to a relation to ponzi scheme. Sure the volume is comming from china but thats more related to their gambling games. The mentioned MMM ponzi could bring demand, but in the same way these coins come back to the market after a short time. will not be a big problem. On the same time banksters are concerned and try to do their best. http://cointelegraph.com/news/115556/jp-morgan-chase-ceo-jamie-dimon-bitcoin-is-going-to-be-stopped They can ban it and destroy the last bit of confidence in them but they will never be able to stop BTC. The real question is who has to be stopped.
