What is Bitcoin Airdrop (Is Bitcoin Airdrop a Pyramid Scheme?)
What is Bitcoin Airdrop? People have become very familiar with the field of cryp
What is Bitcoin Airdrop? People have become very familiar with the field of cryptocurrency in recent years. However, according to data from blockchain research company CoinMetrics, there are currently about 100 addresses that have received over 5000 transactions, and these users are waiting for further price increases or decreases in Bitcoin, leading to a significant increase in the number of their wallets.
Why does this situation occur? It’s because some community members believe that they may qualify for more airdrops in exchange for rewards. But in reality, most community members haven’t considered this. Therefore, when someone tries to send $1000 worth of BTC to a certain address, their funds are taken away without any evidence that this is a gamble. If someone chooses to transfer their money to another exchange and liquidate it, then the account will lose all assets because that address is the only one that can receive this coin. (CryptoPotato)
Is Bitcoin Airdrop a Pyramid Scheme?
Bitcoin had a very strong upward momentum from the end of 2017 to 2020. It rose from a high of $50,000 to a low of $20,000 and even higher. With the significant rise in cryptocurrency prices this year, people have gradually begun to understand this emerging market. So, is Bitcoin Airdrop a pyramid scheme?
First of all, we need to understand that the so-called “airdrop” is a new virtual commodity trading platform or a new investment model, where investors can choose to buy the currency according to their needs. If investing in this way, it is equivalent to participating in a pyramid scheme. If the direct participants do not receive corresponding returns, it may be considered a fraudulent activity and may even constitute a pyramid scheme. So, assuming that an investor holds 1 BTC, they can get about $1000 worth of Bitcoin (currently about 95000 RMB).
But in reality, Bitcoin Airdrop is not a real investment tool but rather a part of pyramid scheme or financial activity. Therefore, for those who have entered this field, to become a qualified investor and to pay long-term attention to such projects, they must have a certain risk tolerance, especially if they want to become truly valuable individuals, they also need corresponding psychological qualities and moral foundations. (Planet Daily)
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