Crypto Pyramid Schemes are still Amongst Us - page 3.

Landak

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Quote from: boltz on January 24, 2020, 08:57:04 AM

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.

boltz

legendary

Activity: 3304

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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.

k@suy

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Activity: 882

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Quote from: HabiebRiziq on January 24, 2020, 08:41:28 AM

Quote from: Beparanf on January 13, 2020, 09:57:55 PM

Quote from: luppecuppe on January 13, 2020, 04:23:12 PM

One of the most important elements of this market is to be diligent. You may have entered this market to generate passive income. But this is not a simple matter. You need to do a lot of research to create this easy gain.

Some were too good in creating schemes that will benefit them, that's why we need to be smarter to analyze whether it will only benefit them or will also be able to benefit us. Researching and studying it throughly whether the project we chose is good is really a must do, preferably before investing.

I think everyone who has been in cryptocurrency for a long time and invests in that knowledge, which is needed to observe and analyze a project before deciding to invest in it, maybe this is only needed by new people who are in cryptocurrency where they need to learn first before making a decision. But sometimes we still experience failure because what we think is not in accordance with what happened.

If it is your first time to invest not only in the crypto world but also in the real world, you should be careful, be an observant and also a smart one because people with less knowledge in business will more likely a victim of scamming schemes. Bwfore you invest look for a proof of legitimacy and legality in order to avoid crimes like scams inside and outside the crypto world.

HabiebRiziq

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Quote from: Beparanf on January 13, 2020, 09:57:55 PM

Quote from: luppecuppe on January 13, 2020, 04:23:12 PM

One of the most important elements of this market is to be diligent. You may have entered this market to generate passive income. But this is not a simple matter. You need to do a lot of research to create this easy gain.

Some were too good in creating schemes that will benefit them, that's why we need to be smarter to analyze whether it will only benefit them or will also be able to benefit us. Researching and studying it throughly whether the project we chose is good is really a must do, preferably before investing.

I think everyone who has been in cryptocurrency for a long time and invests in that knowledge, which is needed to observe and analyze a project before deciding to invest in it, maybe this is only needed by new people who are in cryptocurrency where they need to learn first before making a decision. But sometimes we still experience failure because what we think is not in accordance with what happened.

BitDane

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Activity: 1372

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Quote from: VDraci on January 04, 2020, 07:40:19 AM

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.

I always avoid crypto investment that have referral system. Though I do not hate this kind of strategy but because with this scheme there are lots of coins or tokens that will be released without supported funds and when it circulate in the market it will automatically devaluate the coins market. Aside from that many scam company uses this kind of scheme to look for unsuspecting investors. They blind their supporters by means of reward whenever they refer someone to invest in the project.

duuuuude

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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.

nutriagrigia

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Oikos.cash | Decentralized Finance on Tron

Quote from: batang_bitcoin on January 18, 2020, 06:53:39 PM

This is now popular to the local places where most of the people doesn't have an idea about crypto. The scheme makes them believe that they have an automatic system that allows everyone to generate money by just making their money sleep on their "accounts" provided by the scam company. And they thought that's the sole system of crypto which forces you to invest to a specific scheme and they don't understand that it's a currency that they can spend to trade and it's not the whole system that they've been fooled.

in any country, there are a lot of people who do not understand anything in cryptocurrency and that is why many scammers use it. they use a lot of technical terms to talk about their project and people start to think that they really create a good project. Such projects do not allow the cryptocurrency market to develop, and we must write about new projects in this forum and tell people to avoid such projects.

terrific

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Catalog Websites

Quote from: doctor877 on January 24, 2020, 04:27:30 AM

At this point in time, anyone who has been into crypto for a while won't fall for scheme like this because it's very easy to recognize no matter how well it's being designed. Crypto investment is ok that requires a lot of patience . Anyone that is offering to make it quick is obviously a scam. Newbies should beware

Yes, we all knew how a scam look like and that's why very few for us will fall for them.
But this isn't about us but it's about those new people in the crypto scene, they are the ones that's likely to fall for them.
They need guidance but sometimes they don't want to be directed by the experienced ones when we're telling them a suggestion.

doctor877

full member

Activity: 896

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At this point in time, anyone who has been into crypto for a while won't fall for scheme like this because it's very easy to recognize no matter how well it's being designed. Crypto investment is ok that requires a lot of patience . Anyone that is offering to make it quick is obviously a scam. Newbies should beware

anjiitem

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Activity: 784

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Vave.com - Crypto Casino

Quote from: Yamifoud on January 13, 2020, 05:13:35 PM

Quote from: VDraci on January 04, 2020, 07:40:19 AM

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.

It is definitely between who could decide and think about what is right and what is wrong. If we think that a certain project is questionable and a lot of negative feedback, do we have to risk it? Of course, we should not and even it still have a good and a very considerable offering but because of these bad claims, we have to stay away and find another.

For a lot of existing projects, today and also a number of individuals who take advantage of their anonymity, scams, pyramid scheme or any kind of illegalities were able to arise and that is why we should have to exert effort and spend more time to check each project that we would like to invest with. That is the best solution we can do in order to prevent big losses.

I think every thing we will do always has risks and every risk certainly has a great opportunity to make a profit. But taking the risky opportunity depends on each of our choices whether we are sure to take the opportunity or not, even though we know that there are currently many cheats or fraud committed and we really have to be more careful and use more time to observe them before make decisions.

makishart

legendary

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Quote from: Plinteng on January 18, 2020, 03:37:38 PM

not only still, but will always be around us forever. therefore for anyone to continue to research in detail about the project you want to invest in, at least research how the project road map and the team's reputation in managing the previous project. last suggestion not to be tempted by projects that offer you sky-high prizes.

As long as we can manage to avoid it and we will never see that again. As far as i know if the crypto pyramid scheme is just following the trend that was happening. So many ponzi coins have already dead and people aware about what they must do to know if that was a ponzi coin or not. They have experienced with it and scammers are using another way.
Some may get fooled caused by investing in the suspicious project were using camouflage just like bitconnect.

South Park

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I am terrible at Fantasy Football!!!

Quote from: Lauren Smith on January 18, 2020, 02:59:05 PM

These pyramid and ponzi sites at for morons. That is not how investments work. You don't get paid out daily. That's ridiculous. If they pay out daily how will they make a profit? They meant to reinvest that money and let you withdraw when you make a request. Automatic daily payouts do not happen with proper investments since its lot of man power. But obviously, scams use a bot that gives out x% each day. This is also impossible. An investment cannot give the exact returns each day. This is why daily returns at bs. They analyze ver a month to figure your stats.

You are right but it is what people want and scammers being as smart as they are give that to them, I agree that to expect a daily return is ridiculous since you never know what the market is going to do and it is impossible to profit from it every day, but even legitimate businesses offer something similar by offering 10% gains each year and while at the beginning they may be able to fulfil that promise they soon find themselves unable to do it and they lose their clients because of it.

batang_bitcoin

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Activity: 3080

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This is now popular to the local places where most of the people doesn't have an idea about crypto. The scheme makes them believe that they have an automatic system that allows everyone to generate money by just making their money sleep on their "accounts" provided by the scam company. And they thought that's the sole system of crypto which forces you to invest to a specific scheme and they don't understand that it's a currency that they can spend to trade and it's not the whole system that they've been fooled.

Bananington

sr. member

Activity: 1428

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There are some people who think crypto investment is in HYIP schemes, and do not know much or have zero knowledge about the real investment. Well, it's all about greed and nothing else. How will a scheme promise you very high profits within a short period of time and you think its sustainable? I don't pity those who get scammed by HYIP schemes, they should learn their lesson already.

Plinteng

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Activity: 286

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https://goldeth.io/

not only still, but will always be around us forever. therefore for anyone to continue to research in detail about the project you want to invest in, at least research how the project road map and the team's reputation in managing the previous project. last suggestion not to be tempted by projects that offer you sky-high prizes.

Lauren Smith

sr. member

Activity: 1050

Merit: 277

These pyramid and ponzi sites at for morons. That is not how investments work. You don't get paid out daily. That's ridiculous. If they pay out daily how will they make a profit? They meant to reinvest that money and let you withdraw when you make a request. Automatic daily payouts do not happen with proper investments since its lot of man power. But obviously, scams use a bot that gives out x% each day. This is also impossible. An investment cannot give the exact returns each day. This is why daily returns at bs. They analyze ver a month to figure your stats.

ije07

sr. member

Activity: 1435

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PredX - AI-Powered Prediction Market

not only looking at the project experience, but seeing how the background of the team & developer in developing the previous project, if they have a good reputation then the project they manage is also good. although this is not a full guarantee but it is at least quite good than nothing. and it is important for anyone be it new investors or old investors to always be careful in placing money in the form of investment in this industry.

South Park

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Activity: 2884

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I am terrible at Fantasy Football!!!

Quote from: istiak2277 on January 13, 2020, 09:59:18 PM

There are still some scam projects running. Experts are already told people about those scam project but still, some people join their project I wonder why they do that. Some people say that HEX is a scam project and the founder of that project is a king of scam but still, people are investing that project.

I have not heard about that particular project but any new project that comes out should always be viewed with suspicious eyes, why a developer is releasing yet another coin in a market that is infested with them? Unless he can answer very difficult questions about what he is trying to achieve if all what he needs to do to create his coin is to copy and paste some code then you should never invest in a coin like that especially those that come above another network like all of those ethereum tokens.

istiak2277

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KUWA.ai

There are still some scam projects running. Experts are already told people about those scam project but still, some people join their project I wonder why they do that. Some people say that HEX is a scam project and the founder of that project is a king of scam but still, people are investing that project.

Beparanf

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Burpaaa

Quote from: luppecuppe on January 13, 2020, 04:23:12 PM

One of the most important elements of this market is to be diligent. You may have entered this market to generate passive income. But this is not a simple matter. You need to do a lot of research to create this easy gain.

Some were too good in creating schemes that will benefit them, that's why we need to be smarter to analyze whether it will only benefit them or will also be able to benefit us. Researching and studying it throughly whether the project we chose is good is really a must do, preferably before investing.

Topic: Crypto Pyramid Schemes are still Amongst Us - page 3. (Read 887 times)