Topic: Am I using the right plan? (Read 453 times)

Not to mention that money is the toughest thing to get by, everyone will want to have it when we talk about it. Since they have seen their friends cash out and you are telling them this is a scam, telling them is the best course of action in this situation, even though I know they won't listen. I like the way you approach this problem because after they suffer the consequences, they won't know where else to turn but to come back to you for better advice, at which point you can introduce them to Bitcoin. They'll believe everything you say to them because of the error they made.

You know, what I've noticed is that many siblings can be really stubborn. Even when you try to explain that you've been through a similar situation and have experience, they won't listen. Sometimes, they think that your time has passed, and they want to make their own decisions. Or maybe it's because their close friend keeps telling them that they're on the right path, and they're in it together. They believe that if something goes wrong, they'll both face the consequences.

I get it you are implicitly saying I should tactically play the big brother role not to allow him fell the burns from the fire directly. If you check through my op you would read where I said to them that what they've invested their money in is a Ponzi scheme and could land them into loss eventually, buy that being said I didn't see them picking interest in what I said to them. Maybe a part of me really didn't want to get into an argument with them  to avoid getting to have issues with a sibling, so expediently when he learns it the hard way he may come around all by himself.

If advising them won't help, they are not going to listen to anything that he's going to say. They're still in the sensation and belief that they're doing the right thing and only a snap of a finger is what they need to experience for them to learn. He doesn't want them to experience being scammed and learning the hard way but if that's what it takes for them to understand his point and what he wants to make them understand, even he don't want to has to happen.

Ponzi schemes are like that where the investors will earn profit for the first time and maybe second and third profits before they scam their investors. Well, there might be some ponzi scheme that doesn't pay their investors when they invested in the ponzi project. It's better to stay away from it and as you have said, It easy to crash not because of the project failing but because of the one who runs it which is to scam people with their so called project.

Today I was listening to my junior sibling and a friend of his having a conversation about a Ponzi Scheme that they both have invested in and how the friend to my bro has received his profit after the given number of days you need to wait for your profit to mature for withdrawal, and from the conversation that of my bro is yet to mature for withdrawal.

As the conversation was still lingering between their two I had to get closer and joined in the discussion acted like one with an interest to also invest too, from which I started asking them questions about the platform, the name, how it works and from what channel do they get informations about the platform.

From what they  said::
* The platform name -  KDB
* How it works - that after investing you have to wait for 5 working days for your investment to mature and yield profit before you can start making withdrawal, and for each person you bring in to register through your link you have a 10% interest of whatever amount they invested.
* Channel of information - telegram group channel.

After gathering all those informations from them I wanted to explain to them how what they are into is called a Ponzi Scheme and how it can crash at an instant and they lose their money and that it's a syndicate of scammers that's hiding behind the platform waiting for the right time to elope. I felt like talking to them about bitcoin and how's of guaranteed security than any of those schemes or cryptocurrency.  But when I looked at their countenance about this socalled scheme I was moved to hold my peace and let them learn from the hard way, as it will be more understood by them if they learn that way maybe they will give audience and interest to bitcoin when I'll have to introduce it to them after they must have been stinge by the KDB Ponzi Scheme. Because from their expressions there's nothing I will say at that time negative of the scheme that will sound truthful or make sense and I wasn't ready for argument neither.


I do want to know if my idea or decision on this is the right way?
And also have you come in contact with people that invests their money in any ponzi scheme and tried talking them out and what was their response ?

Meaningful opinions are welcome.

Today I was listening to my junior sibling and a friend of his having a conversation about a Ponzi Scheme that they both have invested in and how the friend to my bro has received his profit after the given number of days you need to wait for your profit to mature for withdrawal, and from the conversation that of my bro is yet to mature for withdrawal.

As the conversation was still lingering between their two I had to get closer and joined in the discussion acted like one with an interest to also invest too, from which I started asking them questions about the platform, the name, how it works and from what channel do they get informations about the platform.

From what they  said::
* The platform name -  KDB
* How it works - that after investing you have to wait for 5 working days for your investment to mature and yield profit before you can start making withdrawal, and for each person you bring in to register through your link you have a 10% interest of whatever amount they invested.
* Channel of information - telegram group channel.

After gathering all those informations from them I wanted to explain to them how what they are into is called a Ponzi Scheme and how it can crash at an instant and they lose their money and that it's a syndicate of scammers that's hiding behind the platform waiting for the right time to elope. I felt like talking to them about bitcoin and how's of guaranteed security than any of those schemes or cryptocurrency.  But when I looked at their countenance about this socalled scheme I was moved to hold my peace and let them learn from the hard way, as it will be more understood by them if they learn that way maybe they will give audience and interest to bitcoin when I'll have to introduce it to them after they must have been stinge by the KDB Ponzi Scheme. Because from their expressions there's nothing I will say at that time negative of the scheme that will sound truthful or make sense and I wasn't ready for argument neither.

I do want to know if my idea or decision on this is the right way?
And also have you come in contact with people that invests their money in any ponzi scheme and tried talking them out and what was their response ?

Meaningful opinions are welcome.

I don't think it's a good idea to let them learn the hard way. As you mentioned, he's your younger sibling, and you have more life experience. You've probably seen different scams like Ponzi schemes before and can recognize them. It's better to advise him and let him know that he could get hurt if he doesn't leave that Telegram channel. Sometimes, they ask for a withdrawal fee before you can take your money out, but we know it's a scam to take even more after you've already invested.

I don't think it's a good idea to let them learn the hard way. As you mentioned, he's your younger sibling, and you have more life experience. You've probably seen different scams like Ponzi schemes before and can recognize them. It's better to advise him and let him know that he could get hurt if he doesn't leave that Telegram channel. Sometimes, they ask for a withdrawal fee before you can take your money out, but we know it's a scam to take even more after you've already invested.

After gathering all those informations from them I wanted to explain to them how what they are into is called a Ponzi Scheme and how it can crash at an instant and they lose their money and that it's a syndicate of scammers that's hiding behind the platform waiting for the right time to elope. I felt like talking to them about bitcoin and how's of guaranteed security than any of those schemes or cryptocurrency.  But when I looked at their countenance about this socalled scheme I was moved to hold my peace and let them learn from the hard way, as it will be more understood by them if they learn that way maybe they will give audience and interest to bitcoin when I'll have to introduce it to them after they must have been stinge by the KDB Ponzi Scheme. Because from their expressions there's nothing I will say at that time negative of the scheme that will sound truthful or make sense and I wasn't ready for argument neither.
I do want to know if my idea or decision on this is the right way?

And also have you come in contact with people that invests their money in any ponzi scheme and tried talking them out and what was their response ?

[...] They lose their money and that it's a syndicate of scammers that's hiding behind the platform waiting for the right time to elope.

Well, for me, if I see people going the wrong way and am sure that the step they are taking might likely leave them with regrets, I usually inform them beforehand. Although it depends on the situation, it's good to tell people the truth, even if they don't believe you at the time. If they finally test the scheme and get a bad result, they will realise that you warned them in the beginning. You are right for not being convinced to join them in investing in those Ponzi schemes, but personally, in my opinion, you did not do the right thing by not telling them what they were venturing into. There have been a lot of failed ponzi schemes in my country, so when any new ones arise, only a few people fall victim. Any platform that promises a huge percentage of return on investment is probably a scam or ponzi scheme because they don't have a proper mechanism that can enable them to maintain the profit they are giving investors for a very long time. That's why they will run with investors funds after they have paid only a few people and might win the trust of many people who will invest last and will have their funds lost.