royal jewelry wholesale Why don't Bitcoin scams be caught?

hypoallergenic costume jewelry wholesale Bitcoin itself is not a scam. It is only the scam that uses Bitcoin to implement fraud. Bitcoin is an electronic currency generated by open source P2P software. It is a network virtual currency and does not rely on specific currency institutions. The law does not explicitly stipulates that Bitcoin is illegal. According to the legal principles of crimes, Bitcoin is not illegal, but criminals may use Bitcoin to engage in crimes.

1, is Bitcoin MLM?
What is MLM? The funds invested by the latecomers differently (according to the upper and offline relationships) to the previous participants as their benefits. Do you need to pay an additional money when you buy Bitcoin for the first time, do you need to pay you into the Bitcoin world? You do n’t need it (many times, it is Bitcoiner back to the Bitcoin to bring you in), so Bitcoin is not MLM. A typical error that people are easy to make is to determine that Bitcoin is Ponzi scheme or MLM based on "the previous Bitcoin holder will benefit from the addition of the latecomers". Stock holders will also benefit from later investors. Is the stock market also Ponzi scam?

This that really distinguishes the above scam from the formal investment market is whether the first participants and the latecomer are equal to the rules. The Ponzi scheme and MLM are not good for the latecomers, and this is One point is to be concealed, which is the deception. In the Bitcoin market, no matter first, everyone must complete the transaction in the market according to their judgment. No one can use the rules to map others, which is exactly the same as the stock market.

2, is Bitcoin bubble?

The asset bubble refers to the price of an asset compared to its own value (all values ​​except selling). What is the decision? Supply and demand. The supply has soared, indicating that there are too many people who buy it. Take the tulip foam as an example. The main value of the tulip is the value of ornamental. When 5 people bought a tulip, it was red when they bought it. When 500 people bought it, they became colorful and at night? Obviously not. Tulip's ornamental value will not increase due to the increase in the number of purchases, so the rise in prices will cause bubbles in the short term. After analyzing the bubble, let's look at Bitcoin.

What is Bitcoin? Value network. What are the characteristics of the Internet? Scale effect. There are only 200 users of QQ, QQ with 2 million users, and 200 million QQs. Its value is obviously incompetent. The same reason for Bitcoin is the same. Each of the Bitcoin holders increases, which means that there is another user who is willing to accept and capable of paying Bitcoin. Essence The scale effect of Bitcoin determines that its own value will naturally increase as the number of purchases increases. Therefore, all the inferences that Bitcoin is determined by the rise according to the price soaring is unbearable. If you want to prove that Bitcoin is an asset bubble, it must be proved that the price change of Bitcoin is still too high even relative to its scale effect.