Explain why bitcoin is not a ponzi scheme/pyramid/bubble etc

explain why bitcoin is not a ponzi scheme/pyramid/bubble etc.

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because I am invested in it

Pro tip: I can't... because it is a ponzi scheme. We are all going to lose so much because of this Tether thing. Even alts will crash. If you can cash out in FIAT, now is the time. Be fearful when others are greedy.

Because a ponzi or pyramid scheme is an investment strategy that sells itself on a dividend payout for members.

The con is that there is no investment: new users' signing on fees are simply used to fund the dividend payouts of older members.

Collapse is a certainty, because the consumable in the scheme is people, and there is only a finite amount of those on the planet. Once the pyramid reaches critical mass and attracts no new members, the last people in receive no dividend and exit. The people one level above them then get no dividend, and exit. And so on and so on.

A bubble is simply an asset class that people have over-invested in, and its value expands beyond its sane level. "Bubble" is over-used too much these days, to simply now mean "anything overvalued", which is stupid. The connotation of a bubble was something that rises in ask price to a level that becomes insane, and then its price crashes. The crash damages trust in the asset to a degree it doesn't ever recover.

Simply calling a boom-bust business cycle a bubbling asset is hyperbole.

Anyway, by definition, BTC is not a ponzi-pyramid, as it is not sold on the promise of a dividend. There is a LITTLE chance that it is a bubble in the true sense, but this risk has diminished considerably since it broke the $100 trade price. There is a moderate likelihood it is overpriced and will fall in value, but let's not shit the bed over this with hyperbole and armageddon prophesies. It'll drop, and bounce back up, and drop, and bounce back up.

If its use case is to operate as a store of value, it has a use, regardless of whether or not people are buying just to sell to someone else at a higher price.

Stocks are items which provide you partial ownership of a company's (net) assets, and certain rights to cash distributions (cash which originates from income, which is generated by the company using its assets). That is a stock's "use case". And yet, people will hold this with the aims of selling to someone at a higher cost, but we don't consider it a ponzi.

My point is, if something has a defined use, how people view to make money off of it doesn't always matter.

because it has 130 billion in value and that's too much money for it not to be at least half legit

You're definition of Ponzi is correct, but (my interpretation) it's just that in this context people are referring to bitcoin as a ponzi due to its value increasing constantly. This requires new investors to put their money in, while those who bought in earlier will benefit.

thats called capitalism

bitcoin is a ponzi and we definately already hit the mania phase.

the picture shows this pretty clearly. if u dont have 100 bitcoins right now u havent made it and probably wont. .u are too late.
its one of the best ponzis ever created though

You are correct when you say I am correct. You are at fault when you bother to acknowledge the opinions of people who say different.