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How to Buy and Store Bitcoin (The Right Way)Bitcoin is what is known as a 'Bigger fool' scam. A Ponzi scheme is a type of bigger fool scam, but not all bigger fool scams are ponzi schemes. First, it's essential to know that trustless is not a synonym for untrustworthy. Trusting in a scarce, tradable store of value (money) was. Yes, there are definitely legitimate cryptocurrency trading sites out there, and one of them that I personally have had a great experience.