Nah.  When I first heard about bitcoin back in 2012 or so, I assumed it was some sort of scam--or at best a fad or gimmick like Flooz was in 1999, some sort of internet currency that nobody wanted or needed and that would die out within months.  Turns out that I never changed my position on the latter (I think it's a solution in need of a real problem, at least for civilized countries), but I was dead wrong on the first part.  It's definitely not a scam, Ponzi, pyramid, or otherwise and it took off to a degree beyond anything I'd anticipated.

Right now I'd be careful investing in it, because it's near its all-time high, and that's exactly the point at which people start inflating the bubble and then it pops.  Can't say for sure if or when that's gonna happen, but I get the feeling that it will.  We'll see.  But it's not a scam.

Yes l think bitcoin is like a pyramid also, But even it is possible to experience scam here in bitcoin.But it's ok, as l monitor my auntie she said it is bigger she earn than she lost of no payment on her salary.

Huh? Read the OP. Then read your post. Then edit it accordingly. What does this have to do with you changing your aunt's bedpan?

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How does a deflationary asset where no more will ever be created = pyramid? We need to see you're in depth analysis here.

Bitcoin has nothing to do with financial pyramid nor a PONZI. Its the most beautiful way of earning money now.

There is no network of people whos behind BTC,its a decentralized digital currency.Maybe you it is Bitconnect you are saying i couldnt disagree its a total ponzi scheme but not the original Bitcoin.

Well, at first sight, bitcoin really does look like a pyramiding scheme that has managed to be lucky all these years because it has survived this long. But, if you look deeper and try to study more about it and how it works, this might change your point of view and make you understand why a lot of people are going crazy about cryptos and do people continue to trust and have faith in bitcoin even when it has brought big loss to a lot of peopl die to its very unpredictable volatility.

its not a pyramid.
because a pyramid has many steps/levels where part of each trade gives funds to EVERYONE ABOVE the bottom trader.
however with bitcoin, its just a 1-on-1 trade, so once bitcoin is sold..its done..  no hierarchy, no syphoning off, no layers..

though bitcoin had purpose from 2010(bitcoin pizza) untill about 2014/2015 (merchant/retail spending) that has pretty much dried up now and not many really use it as a functional monetary currency anymore

now its just an asset currency, held purely for the hope of selling it for profit. many say its more like a ponzi, in which a ponzi is basically a asset with no function thats only purpose is to convince a new person to buy it from you for more then you did, knowing eventually that people will lose out when it crashes.

to me its more like a bubble.
houses are a bubble, do people buy them as a place to rest their own head at night or as pure investment such as buy to let/real estate
tulips are a bubble, do people buy them as a cool flower to garden, or as pure investment

when the function/utility desire decreases and the investment gamble/speculation desire increase, people start to notice the bubble
that said. even if the bubbles burst. it may not mean its dead..
flower companies and gardeners still buy tulips even today, and tulip suppliers still make profit even today centuries after the tulip bubble burst
houses still exist and bought today. even after the real state bubble burst
a bubble simply means the inflated air of speculation has popped and a new lower more realistic level of function/utility value comes out of it

with bitcoin the utility desire is nearly gone.. only investment desire is dominating. and at some point even that will wane.
so ill leave you to think about that

In my opinion, the digital currency is nothing but an unfounded mode (or perhaps a pyramid scheme), based on a willingness to value something of little or no value beyond what one would pay for.

It can be like that and i know some of that pyramid like redex and some mining here you need to refer someone to earn but crypto are more good that you can't imagine and conveniece that can brings to any users of it like the transaction and to save our own money here another thing it's more profitable than anything negative about bitcoin because a lot of people earn here big from what they do like in faucets or promote some campaigns.If i count what can crypto or btc can brings this post will be so long than to think negative about it.