Topic: Crypto Pyramid Schemes are still Amongst Us - page 2. (Read 908 times)
Even high thrusted coin are scam and pyramid these days. Every beginner of course should be careful. I do not suggest them to invest altcoins at the beginning.
I dont except people to still fall for pyramid schemes. Ponzis aren't hard to spot. With through research you can tell if an investment scheme is ponzi or not, it doesntt matter how hard they try to cover it. Newbies don't take time to research and that's where the problems lies.
not only beginners can be affected by this ponzi scheme, now the ponzi scheme is much more difficult to detect, we must avoid unclear investments, there is only one way in my opinion, which is to analyze the investment project
There is no doubt that the cryptocurrency industry is faced with a huge number of scam artists who utilise pyramid schemes and multi level marketing structures to swindle investors and partners in the cryptocurrency space. Its a candid advice for all to be very careful in their investment choices to avoid issues like this.
This is new year and i expect newbies to get smarter, be careful of new projects that are nothing but pyramid schemes, Multilevel marketing schemes or pyramid schemes may likewise be utilized to swindle crypto investors. Such new companies guarantee enormous degrees of profitability inside a brief period, and regularly convey different individuals to rope in new members. When the part list gets generous and the fraudsters get a sizeable store, they evaporate, leaving all investors seething. The most ideal approach to distinguish such schemes is to take a gander at the project's experience. Such projects will in general evade any perceived organizations or bureaus and have next to no undeniable foundation data, be very careful and limit your losses this new year, all the best.
newbie really need to be careful about pyramid schemes we always need to make a research before investinga pyramid scheme is really easy to find out because there is already some article available online that can help to point if its one
do not be easily tempted by a project that promises to multiply profits in a short time, because in the world of crypto everything needs a process to get maximum results.
immediately avoid suspicious activities and don't be easily influenced by people you don't know.
We should know that when it’s too good, there must be something negative in it. It may be the product itself and it may be the idea of it. We must learn to distinguish how they manipulate and run their project. Newbies should be aware of what they get into it. immediately avoid suspicious activities and don't be easily influenced by people you don't know.
Basically these projects look about the same and very often it is visible with the naked eye that this is a hoax, but for ordinary people and investors it looks normal, so for all newcomers and those who are not on the topic, I advise you to learn about the stuffing of the project from more experienced people.
There are a lot of new people who join the blockchain tech only due to their greed in order to have vast profits in small time. They might be the ones targeted and they usually get attracted to any such project who might be paying good for minimum hardworks in small time but those might end up being a bubble and if you really spend most of your capital on the scheme to find yourselves profits than you would be the one landing up in loss once the scheme is distressed.So for newbies, it is always necessary to stay away from these kind of schemes as it is not even possible for them to make an immense research for the project before investing and actually, their greed eats them up.
do not be easily tempted by a project that promises to multiply profits in a short time, because in the world of crypto everything needs a process to get maximum results.
immediately avoid suspicious activities and don't be easily influenced by people you don't know.
immediately avoid suspicious activities and don't be easily influenced by people you don't know.
Unfortunately, there will still be people who fall for both pyramid and ponzi schemes because none of them go out and tell you that they are ponzi or pyramid. Now I have never been a victim of any of them because I do not have any money to invest but if I did I would probably fall for one of them as well. They disguise their system as a legit business and explain to you how they are not pyramid as well, first red flag is if a place has to explain to you why they are not a pyramid scheme they are most definitely a pyramid scheme.
Ponzi is different, it could very well be a legit business that continues forever as long as they could find more and more money, hell I think wall street is a big huge ponzi for example and people still believe them, the ponzi that is bad is the one that can't find money. When wall street did a ponzi scheme, they got bailed out by the government, other ponzis do not get bail out, that is their difference from wall street.
Ponzi is different, it could very well be a legit business that continues forever as long as they could find more and more money, hell I think wall street is a big huge ponzi for example and people still believe them, the ponzi that is bad is the one that can't find money. When wall street did a ponzi scheme, they got bailed out by the government, other ponzis do not get bail out, that is their difference from wall street.
This is new year and i expect newbies to get smarter, be careful of new projects that are nothing but pyramid schemes, Multilevel marketing schemes or pyramid schemes may likewise be utilized to swindle crypto investors. Such new companies guarantee enormous degrees of profitability inside a brief period, and regularly convey different individuals to rope in new members. When the part list gets generous and the fraudsters get a sizeable store, they evaporate, leaving all investors seething. The most ideal approach to distinguish such schemes is to take a gander at the project's experience. Such projects will in general evade any perceived organizations or bureaus and have next to no undeniable foundation data, be very careful and limit your losses this new year, all the best.
And how much are you sure that the project you are advertising on the signature is not one of these pyramids? I’ll make it clear right away, I’m not blaming the CARTESI project for anything.
I dont except people to still fall for pyramid schemes. Ponzis aren't hard to spot. With through research you can tell if an investment scheme is ponzi or not, it doesntt matter how hard they try to cover it. Newbies don't take time to research and that's where the problems lies.
I agree with you but sometimes people ignore to think realistic before replace money, their dream more like reality than imagination. many people already said research first find the project detail, but most of newbie just say wasting time, lost money is risk and I can get new fresh fund from my real job to play, etc. When we hear that look like they underestimate safety program and see lost money is natural situation. We lost money because wrong analysis is natural but lost money because underestimate safety that's stupid.
The problem in online earning, in general, is that most people want fast money and are just too lazy to do their research. This problem has also plagued the Crypto Industry as well, so now all the scammers are targetting us to get their hands on our hard-earned crypto. I no longer promote or join any passive type programs except for MPT, and that I not been promoting my link, I just have it as a side gig to make some extra readies. Otherwise, I am not joining any so-called coin MLMS or revshares or cyclers or HYIPs. HYIPS are the worse right now, as they try to show they are professional traders who are trading to give you two and three percent daily. This is all baloney in my books, steer well clear.
maybe that's a complete explanation, but for beginners who might not quite understand the pyramid scheme, I have simple tips that might be used. at the start of the project launch, we will definitely see the white papper, the team, and others. well, there we can focus on scheduling the launch of tokens to market exchange, and more importantly is where their tokens will be launched?
and from here we can conduct research for exchangers, which is to learn which exchangers have high liquidity and which do not. because the liquidity of the exchanger is also very important in the effect of the next token price, because it will be related to the volume and market cap of the token. I will share some exchangers that in my opinion can be said to have high liquidity, namely forkdelta or etherdelta, binance, and yobit. The exchanger is very good for new tokens.
and from here we can conduct research for exchangers, which is to learn which exchangers have high liquidity and which do not. because the liquidity of the exchanger is also very important in the effect of the next token price, because it will be related to the volume and market cap of the token. I will share some exchangers that in my opinion can be said to have high liquidity, namely forkdelta or etherdelta, binance, and yobit. The exchanger is very good for new tokens.
Well, to make something like that dissapear i think is impossible. Because bitcoin itself can be used to anything that people want, and bitcoin can choose for what it will be used for. I think what we can do is educate others if that kind of business really have big risk, and they should avoid it or maybe if they really want to try it, they know the risk first.
This is new year and i expect newbies to get smarter, be careful of new projects that are nothing but pyramid schemes, Multilevel marketing schemes or pyramid schemes may likewise be utilized to swindle crypto investors. Such new companies guarantee enormous degrees of profitability inside a brief period, and regularly convey different individuals to rope in new members. When the part list gets generous and the fraudsters get a sizeable store, they evaporate, leaving all investors seething. The most ideal approach to distinguish such schemes is to take a gander at the project's experience. Such projects will in general evade any perceived organizations or bureaus and have next to no undeniable foundation data, be very careful and limit your losses this new year, all the best.
The easiest way not to get victimized is to totally not invest on these kinds of projects if they offer a percentage, don't go for them if you need to promote and they promised you that you are going to earn from promoting their plan then don't go for it, remember OneCoin and Bitconnectcoin that's how they work.
This is new year and i expect newbies to get smarter, be careful of new projects that are nothing but pyramid schemes, Multilevel marketing schemes or pyramid schemes may likewise be utilized to swindle crypto investors. Such new companies guarantee enormous degrees of profitability inside a brief period, and regularly convey different individuals to rope in new members. When the part list gets generous and the fraudsters get a sizeable store, they evaporate, leaving all investors seething. The most ideal approach to distinguish such schemes is to take a gander at the project's experience. Such projects will in general evade any perceived organizations or bureaus and have next to no undeniable foundation data, be very careful and limit your losses this new year, all the best.
The easiest way not to get victimized is to totally not invest on these kinds of projects if they offer a percentage, don't go for them if you need to promote and they promised you that you are going to earn from promoting their plan then don't go for it, remember OneCoin and Bitconnectcoin that's how they work.
This is new year and i expect newbies to get smarter, be careful of new projects that are nothing but pyramid schemes, Multilevel marketing schemes or pyramid schemes may likewise be utilized to swindle crypto investors.
Don't expect too much for them because most of the newbies here are lazy to be honest because if they are not lazy then being scammed is impossible for them. Even a newbie who did a research regarding pyramid schemes will not get scammed. Pyramid schemes are already there for a long time already and it is inevitable right now. As other investors said "There will be no scams if there are no investors who are ready to get scammed". If all of the investors know how to distinguish a scam project / scheme or not then they not get scammed by this stupid investors.
My advice?? Try to do some research first before investing.
of course they are still here . what did you expect they will dissapear forever ? nah it wont just happen no matter if how advance the technology are because fraudsters will always cope up and find a new method to scam again . years wont matter too because there will always be newbies that enter here if the old newbie were now already pro . if you are concern and have time , you can help hunt scammers and expose them on here or on the other platforms so that people are aware .
Do you think scams will ever go away ? No! Scammers are just finding new ways in order to scam you of your money and cryptocurrencies are no exception when it comes to make quick money by just scamming people. I think just if we look closely at ICO's we can consider them scams...so yea...have your eyes open everyone and keep your funds safe on Bitcoin.
in other words, stop investing in a new project that pops up in various ways and methods through an ICO or IEO? I agree with that.if you (someone new to crypto) want to learn about crypto, best recommended way is just buy and invest in bitcoin instead of investing in a scam project. because bitcoin is definitely not a pyramid scheme.
Sometimes choosing not to take a place that has a high risk will be better than betting on risk that we will not necessarily get a profit.
Do you think scams will ever go away ? No! Scammers are just finding new ways in order to scam you of your money and cryptocurrencies are no exception when it comes to make quick money by just scamming people. I think just if we look closely at ICO's we can consider them scams...so yea...have your eyes open everyone and keep your funds safe on Bitcoin.
Of course. While there are opportunities to create scam projects and fraudulent schemes, people will continue to do this, and at all levels, even the highest.
See how many high-ranking people, officials, and company executives get into fraud litigation. I'm not saying that they are all scammers, but somehow violated the law.
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