[gnaritas]

> No one is promising a return

Then it isn't a Ponzi scheme, period. A Ponzi is a scam where you're lied to about a fake investment that doesn't exist and promised a return in a certain amount of time, your money is then paid to past investors as their return. Bad investments aren't Ponzi's just because people lose money.

All that shit you're talking about is called speculation. Just because idiots sound alike doesn't make the thing they're talking about the same. Pyramid schemes and Ponzi schemes are very particular things: fake investments where no commodity or good exists, money machines that fail because people are lied to and tricked and don't have the sense to understand exponential growth. If you aren't tricked into it, it isn't a Ponzi scheme, if there's a real underlying commodity like Bitcoin, it isn't a Ponzi or Pyramid scheme.

Stop using words you don't understand.