Quote Originally Posted by lardy View Post
That's the similarity with a Ponzi. When you buy, you need more people to want to buy it. Just as in a Ponzi you need investors underneath you in the pyramid.

Traditional stocks move on company profits, etc, external factors affect it. With crypto, it's only how many people want to buy it. So as soon as you've bought a coin, you need to encourage others to buy.

I'm not trying to be down on crypto, but its value is solely in how many potential buyers there are. At the moment anyway.
Your reasoning for Crypto being a ponzi scheme could be applied to literally anything