Ask Leo: Is cryptocurrency a ponzi scheme

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Some people don’t want to associate themselves with cryptocurrency simply because they believe cryptocurrency is one of the Ponzi scheme which we have around. A big NO cryptocurrency is not a Ponzi scheme. A Ponzi scheme is a fraudulent means of scamming people promising doubling and promising high returns with little or no risk associated. It require you to pay money and the money paid is used to pay off earlier investor who have done the same. But when there is no more investors there will be no money to circulate then it will crash.

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If cryptocurrency is actually a Ponzi scheme, it will have crash. Cryptocurrency doesn’t require paying money which will be used to earlier investors and it does not promise high returns with no risk .

I believe people have to be enlightened on cryptocurrency so as to see the future it has and also the potential it have. Am seeing cryptocurrency as the future what will now happen to doesn’t want to associate themselves with cryptocurrency.

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Ask Leo: Is cryptocurrency a ponzi scheme | Ecency