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Topic: bitcoin use in pyramiding scam? (Read 481 times)

full member
Activity: 532
Merit: 100
April 19, 2018, 12:53:44 AM
#50
It happened to my country. P900M got scammed buy an online investment group using bitcoin and people were very easy to be convinced that they'll get that so good to be true profit but no money was really paid back to the investors.
member
Activity: 294
Merit: 17
April 17, 2018, 10:53:29 AM
#49
Yes this is one thing that is similar to fiat. Bitcoin is also being used in pyramiding scams especially because bitcoin is easy to pay and transfer from one another. We cannot avoid these circumstances we just need to be more knowledgeable on cryptocurrency and vigilant on people who wants to connect with you through such things that involves money.
full member
Activity: 308
Merit: 100
April 17, 2018, 10:49:26 AM
#48
bitcoin use in pyramiding scam?
there's a lot of people willing to get a money in just a blink of an eye..but using bitcoin in scam is not as good a many others say, some of them willing to take advantage of the weakness of person who had get tired of being poor,dont be so sure of what you do..when you want to get rich you should be a hardworking person.
BITCOIN is a digital currency,dont even use it in scam or in a wrong way get more of it.

It is sad to see that as much as bitcoin becomes an opportunity to earn profit and be successful it has also become an opportunity for these scammers to earn money by looking for unwary victims who doesn't have the ample knowledge about bitcoin to protect themselves. I think this affects the image of bitcoin more and hinders its progress towards acceptability throughout the world because of these negative instances.
member
Activity: 812
Merit: 11
April 17, 2018, 05:07:49 AM
#47
bitcoin use in pyramiding scam?
there's a lot of people willing to get a money in just a blink of an eye..but using bitcoin in scam is not as good a many others say, some of them willing to take advantage of the weakness of person who had get tired of being poor,dont be so sure of what you do..when you want to get rich you should be a hardworking person.
BITCOIN is a digital currency,dont even use it in scam or in a wrong way get more of it.

Bitcoin is store of value. Its called store of value because we can move our asset with bitcoin and make transaction with fast. If bitcoin using pyramid scheme, bitcoin should be not using blockchain because blockchain is transparant legder that no one impossible to hack.
Bitcoin is real currency and right now many people considering bitcoin as their investment like gold on our real world.
member
Activity: 168
Merit: 10
April 17, 2018, 05:03:49 AM
#46
Well there might be sa instances but mostly bitcoin scams are from mining and investing which is very popular today, I've been in so many mining scams on bitcoin and I lost alot of money from it, they even have videos on their CEO on that mining scam so that you will be lured to their dark plan...hoping that karma will suited to them
hero member
Activity: 910
Merit: 500
April 17, 2018, 04:55:52 AM
#45
bitcoin use in pyramiding scam?
there's a lot of people willing to get a money in just a blink of an eye..but using bitcoin in scam is not as good a many others say, some of them willing to take advantage of the weakness of person who had get tired of being poor,dont be so sure of what you do..when you want to get rich you should be a hardworking person.
BITCOIN is a digital currency,dont even use it in scam or in a wrong way get more of it.
Yes, some people use the pyramiding style to scam sone people. They just steal our bitcoin in just blink of eye. So be careful in investing. Because in my country there are some case that using bitcoin and pyramiding to steal some money in people  people love to make money but sometimes it can lead to worst case like stealing the money
full member
Activity: 336
Merit: 103
April 15, 2018, 02:38:00 PM
#44
Why is using bitcoin in scam not as good as others say? Bitcoin is of course good in using scams, because you can collect it anonymously and there are surely some naive people out there who want to make a quick money and do not check the projects or are cautious because huge winnings are promised!
sr. member
Activity: 1250
Merit: 295
Palestine
April 15, 2018, 02:32:28 PM
#43
no bitcoin isnot in any part or havea ny connection in pyramid scam you dont get money for refering people or something like this its just like any other currency
sr. member
Activity: 728
Merit: 275
April 15, 2018, 02:25:43 PM
#42
bitcoin use in pyramiding scam?
there's a lot of people willing to get a money in just a blink of an eye..but using bitcoin in scam is not as good a many others say, some of them willing to take advantage of the weakness of person who had get tired of being poor,dont be so sure of what you do..when you want to get rich you should be a hardworking person.
BITCOIN is a digital currency,dont even use it in scam or in a wrong way get more of it.
These things are just for saying. Nobody follows them because everyone today is in search of some short cut to earn money easily without any hard work. This is the mentality of the most of the people today. They just indulge into wrong works and become the wrondoers to spoil everybody's life. this is the worst part of the crypto world. Where the new ICOs are being launched to scam innocents and make money out of them. this is not a good method to earn money because ultimately you are making other's live hell!!
legendary
Activity: 1274
Merit: 1004
April 15, 2018, 01:38:24 PM
#41
I agree with the hardworking part one should have to work hard not to make money for himself that might be for someone or because of his responsibilities but I don't agree with the pyramid scam theory Bitcoin is not pyramid scheme because people are not inviting others in order to make money they are just inviting other so that market can become much stronger and much more people join the network so the price can go even higher where is not controlled by the number of people but because of the theory of Economics.
member
Activity: 448
Merit: 10
April 15, 2018, 01:20:40 PM
#40
In Russia, there was a man who showed what a pyramid is and how it works. But people do not understand much and still think that it will make them rich. Now a lot of Scam projects - then there are those who invest in them. a kind of balance.
copper member
Activity: 1330
Merit: 899
🖤😏
April 14, 2018, 11:48:02 PM
#39
however bitcoin will be attacked, because of its energywasting nature, and because there will be many better alternatives

Are you interested in an alternative which is not wasting any energy and is very cheap right now? activity token.
Being easy to mine, I could use my laptop to mine. I used my laptop to issue my token, nobody is buying them.

when you want to get rich you should be a hardworking person.
BITCOIN is a digital currency,dont even use it in scam or in a wrong way get more of it.

Tell that to some people here. prepare yourself to be verbally abused as well.

hero member
Activity: 1190
Merit: 534
April 11, 2018, 12:20:15 PM
#38
Well, those who have read the white paper have the idea of what Bitcoin is all about. Bitcoin is a payment system in the first place having some more benefits as compared to that of the traditional payment system. However, it is different from that traditional system and there is lack of maturity in the market and scammers are exploiting this fact and defaming Bitcoin through their actions. Bitcoin is not a scheme, it's a philosophy that upholds the right of freedom through decentralization.
sr. member
Activity: 756
Merit: 251
April 10, 2018, 08:37:29 PM
#37
bitcoin use in pyramiding scam?
there's a lot of people willing to get a money in just a blink of an eye..but using bitcoin in scam is not as good a many others say, some of them willing to take advantage of the weakness of person who had get tired of being poor,dont be so sure of what you do..when you want to get rich you should be a hardworking person.
BITCOIN is a digital currency,dont even use it in scam or in a wrong way get more of it.

The number reason why a lot of these scams using Bitcoin went successful is that people are in a hurry to get rich. People tend to be greedy. They are also lazy because they do not even care to check the background of the investment they are entering into. They are not even making sure that these investments are for real. They always want everything to come to them fast and easy. In the end, they all became victims of these equally lazy scams.   
sr. member
Activity: 2030
Merit: 269
April 10, 2018, 08:32:41 PM
#36
bitcoin use in pyramiding scam?
there's a lot of people willing to get a money in just a blink of an eye..but using bitcoin in scam is not as good a many others say, some of them willing to take advantage of the weakness of person who had get tired of being poor,dont be so sure of what you do..when you want to get rich you should be a hardworking person.
BITCOIN is a digital currency,dont even use it in scam or in a wrong way get more of it.

This is a new trend now, they used to use paypal and other traditional payment processors but since Cryptocurrency is anonymous they turn to cryptocurrency and many people have set up and joined this kind of program, it's not the program but the people behind it are to blame for this .
hero member
Activity: 2716
Merit: 552
April 10, 2018, 08:19:47 PM
#35
bitcoin use in pyramiding scam?
there's a lot of people willing to get a money in just a blink of an eye..but using bitcoin in scam is not as good a many others say, some of them willing to take advantage of the weakness of person who had get tired of being poor,dont be so sure of what you do..when you want to get rich you should be a hardworking person.
BITCOIN is a digital currency,dont even use it in scam or in a wrong way get more of it.

This was the reason why the bias media gave negative impression and generalized Bitcoin as a new form of scam. This was also the reason why theres a huge cryptocurrency adaption problem in my country. But atleast as the time passes by,  people slowly learned about this new technology and start accepting and embracing the decentralized idea.
jr. member
Activity: 97
Merit: 3
April 10, 2018, 08:15:49 PM
#34
These past few months there's a lot of people who was caught of making bitcoin involved in pyramiding scam. They tell the victim that they can easily earn money if they invest in bitcoin through them, they collect and collect the money of their victims and then that's the time they will run with the money they collected. If only people are not so ignorant and atleast learn some things about bitcoin, they wouldn't be a victim.
full member
Activity: 235
Merit: 100
April 10, 2018, 08:12:24 PM
#33
bitcoin use in pyramiding scam?
there's a lot of people willing to get a money in just a blink of an eye..but using bitcoin in scam is not as good a many others say, some of them willing to take advantage of the weakness of person who had get tired of being poor,dont be so sure of what you do..when you want to get rich you should be a hardworking person.
BITCOIN is a digital currency,dont even use it in scam or in a wrong way get more of it.

This is because of the very less information drive of bitcoin that some people took the advantage to those who are ignorant of it. I think there had been 2 cases in I saw in the news that bitcoin was used as an exit for an investment scam and it is so sad for those who are earning honestly in bitcoin.
hero member
Activity: 966
Merit: 546
April 10, 2018, 08:08:38 PM
#32
Bitcoin is only popular today because of the acceptance from black markets in using it as a currency to avoid authority and launder money. To say otherwise is patently false, and even the CEO of Mt. Gox now has said that after the addresses of Silk Road were leaked, the data suggests that at least 30% of all trade volume was in some way related to Silk Road. Just one piece of the black market back then.

I agree that people shouldn't be harming others or committing crimes, but cryptocurrency and really any cash currency allows it. It is not biased what it is used for.
newbie
Activity: 100
Merit: 0
April 10, 2018, 08:04:39 PM
#31
It is true that many people who want to get rich quickly follow Ponzi pyramid system, and that is a very big mistake and trade is a very good way to get rich wealth.
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