How does the scammer companies earn through bitcoin ? - page 2.

AicecreaME

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Quote from: Sifat Redwan on September 14, 2021, 02:45:23 PM

I am new to bitcoin and come from a third world country. One of my friend told me a company came telling all to invest 150 USD in an scheme and then they can earn daily about 6-7 USD regularly by watching ads for the rest of their life. My friend earned 6-7 USD everyday by watching an ad of 8 minutes. He got paid instantly and also told me about the Binance mobile app. This worked for almost 1.5 months. Then the company disappeared. Those who invested lately couldnt get their money. I want to know how this process works. How is this related to bitcoin and how can one earn just by watching ads ?

Sounds like a Ponzi scheme to me.

You see, when something seems too good to be true, it probably is. There's no easy money nowadays. So, if someone offers you such a thing, immediately check if the company is legitimate and licensed. If it isn't then there's no point in investing in it. You'll just waste your time, effort, and money. Most scams usually target vulnerable people. Those people who are just always game with whatever is being served with them on a plate are the usual victims because they trust easily. Scams like these work like pyramiding. They promise great returns to their prospects. Sometimes they really pay off their victims at first only to gain their trust, then after they garner more investors and money, they will vanish in a snap, like a bubble that suddenly disappears in thin air.

Just like what happened in muyan66 whereas many people have fallen for. After having many investors, the site suddenly disappeared leaving the investors in the dark. It's very unfortunate for those who went all in. I've read stories about it and it was heart-wrenching for the victims because they won't be able to get their money back no matter how they wanted to.

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Quote from: Dread Pirate Roberts on September 16, 2021, 06:34:04 PM

Quote from: Sifat Redwan on September 14, 2021, 02:45:23 PM

One of my friend told me a company came telling all to invest 150 USD in an scheme and then they can earn daily about 6-7 USD regularly by watching ads for the rest of their life. My friend earned 6-7 USD everyday by watching an ad of 8 minutes.

Simply ponzy scheme . capital 150 . daily $6-7 and still watching 8 minutes ads Grin

they try make it looks legit even though it doesn't make sense at all. even the other ponzi schemes don't tell you to do anything. avoid those things you will lose even they will pay you only in a few days or week. just look up internet and search ponzi scheme or pyramid scheme and identify any businesses like that so you can avoid them.

This is a trap for greedy people lol.

those promises are always there to lure people with that attitude in which looking for instant profit without doing anything.
when they can just buy and hold bitcoin and that can make them profiting in long term.
Ponzy scheme is created to make fool of everything but the safe place is having a bright and calm mind.
knows boundary and also knows where to surrender.
stop entertaining scammer .

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Quote from: lienfaye on September 16, 2021, 07:32:17 PM

Quote from: Sifat Redwan on September 14, 2021, 02:45:23 PM

I am new to bitcoin and come from a third world country. One of my friend told me a company came telling all to invest 150 USD in an scheme and then they can earn daily about 6-7 USD regularly by watching ads for the rest of their life. My friend earned 6-7 USD everyday by watching an ad of 8 minutes. He got paid instantly and also told me about the Binance mobile app. This worked for almost 1.5 months. Then the company disappeared. Those who invested lately couldnt get their money. I want to know how this process works. How is this related to bitcoin and how can one earn just by watching ads ?

Its a classic way of scamming people, watching ads are just a front but their real goal is to scam people from the beginning.

They just use bitcoin as a tool instead of fiat to transact faster, less hassle on their part. In reality there's no such thing of earning a specific amount by just watching ads, most likely the payout they use to pay early investors are from the new investors who dont have idea of what they're getting into, its like a pyramid scheme.

Thus dont believe such way to earn especially if the ROI is high while doing nothing.

This is just a clearer way of its picture on how scamming works. The company serves only a front but in reality, the company is not existing. Its just a group of individuals who's job are scamming and if you believe in them, you will be their victim, definitely their source of income. Just imagine how would you earn an income when its just a simple ad that you should watch and then you immediately get paid? I hate saying this but those who got scam from this kind of strategy are most likely lazy people. They just need easy money without working hard. This might be a good lesson for them, not to believe in just too good to be true system.

TheUltraElite

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Quote from: Sifat Redwan on September 14, 2021, 02:45:23 PM

I am new to bitcoin and come from a third world country.

As a word of advice, people from the third world are a big target for scams luring them with greed. So these "friends" you talk about, be careful of what you deal with them.

Quote

One of my friend told me a company came telling all to invest 150 USD in an scheme and then they can earn daily about 6-7 USD regularly by watching ads for the rest of their life. My friend earned 6-7 USD everyday by watching an ad of 8 minutes. He got paid instantly and also told me about the Binance mobile app. This worked for almost 1.5 months. Then the company disappeared. Those who invested lately couldnt get their money.

So the site was a GPTC site, a get-paid-to-click site. They pay you for clicking on their ads and such micro-transactions are very commonly integrated nowawdays in mobile games - for example, a certain game might give your extra "gems" for watching a short video. Or like Spotify shows you ads before running the next track.

Point is that these sites earn a lot of the commission and the fact that they took a deposit to get started should be the red flag.

Quote

I want to know how this process works. How is this related to bitcoin and how can one earn just by watching ads ?

Suppose the deposit was x amount and the daily earning for any user on the site is y.

Now running the site for n number of days means that the profit incurred would be (x-ny) per user. Usually the x value is fixed while the y value usually remains an average.

Therefore the ones who join late would have an n value of lower than those who joined early. Hence the site will actually be profiting off the late joiners once the site decides to do scam.

lienfaye

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Quote from: Sifat Redwan on September 14, 2021, 02:45:23 PM

I am new to bitcoin and come from a third world country. One of my friend told me a company came telling all to invest 150 USD in an scheme and then they can earn daily about 6-7 USD regularly by watching ads for the rest of their life. My friend earned 6-7 USD everyday by watching an ad of 8 minutes. He got paid instantly and also told me about the Binance mobile app. This worked for almost 1.5 months. Then the company disappeared. Those who invested lately couldnt get their money. I want to know how this process works. How is this related to bitcoin and how can one earn just by watching ads ?

Its a classic way of scamming people, watching ads are just a front but their real goal is to scam people from the beginning.

They just use bitcoin as a tool instead of fiat to transact faster, less hassle on their part. In reality there's no such thing of earning a specific amount by just watching ads, most likely the payout they use to pay early investors are from the new investors who dont have idea of what they're getting into, its like a pyramid scheme.

Thus dont believe such way to earn especially if the ROI is high while doing nothing.

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Quote from: Sifat Redwan on September 14, 2021, 02:45:23 PM

I am new to bitcoin and come from a third world country. One of my friend told me a company came telling all to invest 150 USD in an scheme and then they can earn daily about 6-7 USD regularly by watching ads for the rest of their life. My friend earned 6-7 USD everyday by watching an ad of 8 minutes. He got paid instantly and also told me about the Binance mobile app. This worked for almost 1.5 months. Then the company disappeared. Those who invested lately couldnt get their money. I want to know how this process works. How is this related to bitcoin and how can one earn just by watching ads ?

There is a famous quote in investing. "If its too good to be true then probably its not true". Cheesy

.
I've seen numerous android apps and websites that is almost the same as the one you are saying OP. They will let you invest, then just by watching ads you will earn money. You already saw what happened to that company and those companies who are doing the same will end up the same as well. I just hope that you didn't invested your money into the company that you are saying though.

Quote from: Sifat Redwan on September 14, 2021, 03:24:11 PM

I was told that the money was paid in bitcoin and later it was converted to USD. I thought that they earned bitcoin by watching ads.

This is the answer to your question so why asking??

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Quote from: Dread Pirate Roberts on September 16, 2021, 06:34:04 PM

Quote from: Sifat Redwan on September 14, 2021, 02:45:23 PM

One of my friend told me a company came telling all to invest 150 USD in an scheme and then they can earn daily about 6-7 USD regularly by watching ads for the rest of their life. My friend earned 6-7 USD everyday by watching an ad of 8 minutes.

Simply ponzy scheme . capital 150 . daily $6-7 and still watching 8 minutes ads Grin

they try make it looks legit even though it doesn't make sense at all. even the other ponzi schemes don't tell you to do anything. avoid those things you will lose even they will pay you only in a few days or week. just look up internet and search ponzi scheme or pyramid scheme and identify any businesses like that so you can avoid them.

Scammers would really make it look legit to lure in or hook people to make more money and on the time that it isnt really already sustainable then its the time that they would ran away.

People never ever learn until they get scammed.They arent using up their common sense but instead they do tolerate their greed which causes for them to invest even they are aware that it could

be a possible scam and to those who are noobs that do believe that easy money exist then they would surely be experiencing some reality slap later on.

Dread Pirate Roberts

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Quote from: Sifat Redwan on September 14, 2021, 02:45:23 PM

One of my friend told me a company came telling all to invest 150 USD in an scheme and then they can earn daily about 6-7 USD regularly by watching ads for the rest of their life. My friend earned 6-7 USD everyday by watching an ad of 8 minutes.

Simply ponzy scheme . capital 150 . daily $6-7 and still watching 8 minutes ads Grin

they try make it looks legit even though it doesn't make sense at all. even the other ponzi schemes don't tell you to do anything. avoid those things you will lose even they will pay you only in a few days or week. just look up internet and search ponzi scheme or pyramid scheme and identify any businesses like that so you can avoid them.

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Anyone with a bit of experience can clearly see that this company is a scam, but unfortunately most of the new people in the crypto world fall victim to scams quite easily because they simply think that they can get money easily through crypto and can get rich in a short period of time This illusion is what makes all these people fall victim to scammers with ease. Everyone should know that no one is distributing money to people for free without any compensation and without providing any effort or work.

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There is no free lunch in the world. Don't lose your money because of greed. Before Bitcoin they may have exchanged a small amount of U.S. dollars for many U.S. dollars. This kind of deception is very common, don't be fooled out of curiosity. And don’t believe that watching some videos will give you other cryptocurrencies, they just want you to download software to give you worthless coins.

Wendy Simth

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This is the lowest level of fraud. Your friends want the liar's profits, and the liar wants your principal. You can't deposit money into apps at any time, except for several famous exchanges. I was cheated before and transferred usdt to a small exchange. In the end, I couldn't withdraw money, even if the balance showed a lot of profits.

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Quote from: tabas on September 15, 2021, 06:12:25 PM

Quote from: Oceat on September 14, 2021, 06:35:30 PM

Quote from: tabas on September 14, 2021, 05:50:22 PM

There is simple logic with how you earn in real life and there's not that much difference in earning bitcoin. If that's what they offer that you'll earn while you're sitting pretty then everyone will have that dream job and investment. But sadly, if it's too good to be true, that's a scam.
You and your friend must learn what are the usual scams that are happening not only in bitcoin but as well as in real life because both of you are vulnerable.

The scam is a typical ponzi type of scamming and it's a common scam that you can find anywhere especially if someone wants to earn an easy money they will all fall for this type of scam. And yes, it's too good to be true but his friend doesn't have a single idea what's happening then one day before they realize, it's all gone. Regret and despair came in while thinking what just happened.

Newbies will always fall for the easy money trap once they don't know what they were doing. They never took their time to research they then just learned to research after they've been scammed. Just count it as lesson learned and an experience for you and your friend's journey.

Newbies are actually they are targeting and those that lack knowledge of determining what a scam is. With a lot of people, it's sad that there will really be those victims that will show up after being scammed by these typical scam and Ponzi websites. They're taking advantage of those people that are still not knowledgeable about these nasty tactics.

Newbies became target of those ponzi's scammers by the help of experience people which earn income from promoting referral links per invite and newbies should need to be aware to this since they will be lured thru the fake income generated to those who invite them to join the platform. And also they should now that there's no something like this will guarantee anything and most of this are fronts by scammers so never invest anything especially our hard earned money unto this scam platforms.

tabas

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Quote from: Oceat on September 14, 2021, 06:35:30 PM

Quote from: tabas on September 14, 2021, 05:50:22 PM

There is simple logic with how you earn in real life and there's not that much difference in earning bitcoin. If that's what they offer that you'll earn while you're sitting pretty then everyone will have that dream job and investment. But sadly, if it's too good to be true, that's a scam.
You and your friend must learn what are the usual scams that are happening not only in bitcoin but as well as in real life because both of you are vulnerable.

The scam is a typical ponzi type of scamming and it's a common scam that you can find anywhere especially if someone wants to earn an easy money they will all fall for this type of scam. And yes, it's too good to be true but his friend doesn't have a single idea what's happening then one day before they realize, it's all gone. Regret and despair came in while thinking what just happened.

Newbies will always fall for the easy money trap once they don't know what they were doing. They never took their time to research they then just learned to research after they've been scammed. Just count it as lesson learned and an experience for you and your friend's journey.

Newbies are actually they are targeting and those that lack knowledge of determining what a scam is. With a lot of people, it's sad that there will really be those victims that will show up after being scammed by these typical scam and Ponzi websites. They're taking advantage of those people that are still not knowledgeable about these nasty tactics.

marilynmanson21

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now there are many scams that promise bitcoin payments, try to think logically watching ads paid with bitcoin is very unreasonable, and you are required to deposit a certain amount, this is a ponzi scam, withdrawals 1-2 times are smooth, and so on can be questioned ,
I think with 150$ you can buy your own bitcoin and trade yourself you will get profit but it takes patience

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Quote from: Sifat Redwan on September 14, 2021, 02:45:23 PM

I am new to bitcoin and come from a third world country. One of my friend told me a company came telling all to invest 150 USD in an scheme and then they can earn daily about 6-7 USD regularly by watching ads for the rest of their life. My friend earned 6-7 USD everyday by watching an ad of 8 minutes. He got paid instantly and also told me about the Binance mobile app. This worked for almost 1.5 months. Then the company disappeared. Those who invested lately couldnt get their money. I want to know how this process works. How is this related to bitcoin and how can one earn just by watching ads ?

Yes, I've heard of some similar websites but was bored of them after a couple of days and ended up learning a course and doing some management work for making money.

I'd say investing into that scheme that your friend is suggesting is pointless unless the work you're putting for the time you're investing into it is worth it, You better be the judge of it.

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Quote from: Shenzou on September 15, 2021, 03:56:03 PM

Quote from: Sifat Redwan on September 14, 2021, 02:45:23 PM

I am new to bitcoin and come from a third world country. One of my friend told me a company came telling all to invest 150 USD in an scheme and then they can earn daily about 6-7 USD regularly by watching ads for the rest of their life. My friend earned 6-7 USD everyday by watching an ad of 8 minutes. He got paid instantly and also told me about the Binance mobile app. This worked for almost 1.5 months. Then the company disappeared. Those who invested lately couldnt get their money. I want to know how this process works. How is this related to bitcoin and how can one earn just by watching ads ?

So most of the scammers these days relay on one thing and that is trend and that because trend brings a lot of people and the people they get the more they are able to scam, and because cryptocurrency and bitcoin are currently a trending thing and a lot of people are using it and investing it and not to mention that bitcoin is anonymous and transactions are irreversible, so this makes it the best tool for them.

One of the things you should really mind off or having this kind of observation which is really very true when it comes to trend just like on what happened on NFT's where there are lots of projects do pop out like

mushrooms which do really offer the same thing but ending up on being a scam.This is no different into those classic way of scamming on where offering too good to be true returns on just doing simply acts or

activities or jobs which would really be putting up some questions if you are really aware on everything around you but if you are greedy then most likely you would really be ignoring this.

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Quote from: Sifat Redwan on September 14, 2021, 02:45:23 PM

How is this related to bitcoin and how can one earn just by watching ads ?

Those company your friend's saying isn't related to bitcoin, they just use bitcoin as a hype as you said that you're going to be paid via bitcoin yet it was converted to usd, and then scammed its users. Just like a typical mlm who accepted bitcoin as payment then boom, disappears after some time.

Quote from: Sifat Redwan on September 14, 2021, 03:24:11 PM

I was told that the money was paid in bitcoin and later it was converted to USD.

Watching ads and getting paid is pretty common ways of earning before, yet you can't earn a dollar or 2 in just a day, not unless the platform ables you to watch ads on multiple tabs which mostly isn't allowed, and it's a waste of time just like faucets nowadays.

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Quote from: Sifat Redwan on September 14, 2021, 02:45:23 PM

I am new to bitcoin and come from a third world country. One of my friend told me a company came telling all to invest 150 USD in an scheme and then they can earn daily about 6-7 USD regularly by watching ads for the rest of their life. My friend earned 6-7 USD everyday by watching an ad of 8 minutes. He got paid instantly and also told me about the Binance mobile app. This worked for almost 1.5 months. Then the company disappeared. Those who invested lately couldnt get their money. I want to know how this process works. How is this related to bitcoin and how can one earn just by watching ads ?

Scammers earn money from their victims, those victim's money are the earnings of the scammers that is a simple logic for your title. Just always remember that there is no easy money in this crypto world. I am also got scammed by a scam investment website before because of believing that my money will get double in only 1 day and most of the beginners can easily be hooked up when they hear to double their money and I am one of them. Just make sure that you have learned something and not try that thing anymore.

There are vast opportunities to earn in crypto but everything should be worked hard before making profits. And definitely investing is a good opportunity to earn profits. But not to double your profits in an instant without nothing much to do. If there is any, its probably a scam already.

Scammers make profits after stealing the money of the investors particularly with those who are still new in the market. But not all newbies are prone to scam because some are absolutely smart when it comes to money matters so they don't easily trust anyone. Its just that they are still new to the market but have made much preparations already.

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Quote from: Sifat Redwan on September 14, 2021, 02:45:23 PM

I am new to bitcoin and come from a third world country. One of my friend told me a company came telling all to invest 150 USD in an scheme and then they can earn daily about 6-7 USD regularly by watching ads for the rest of their life. My friend earned 6-7 USD everyday by watching an ad of 8 minutes. He got paid instantly and also told me about the Binance mobile app. This worked for almost 1.5 months. Then the company disappeared. Those who invested lately couldnt get their money. I want to know how this process works. How is this related to bitcoin and how can one earn just by watching ads ?

So most of the scammers these days relay on one thing and that is trend and that because trend brings a lot of people and the people they get the more they are able to scam, and because cryptocurrency and bitcoin are currently a trending thing and a lot of people are using it and investing it and not to mention that bitcoin is anonymous and transactions are irreversible, so this makes it the best tool for them.

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The scammer uses many payment gateways to scam people. So besides that payment gateway scammers using Bitcoin as a payment gateway that doesn't have any relation with Bitcoin. It just works the same as other payment methods. But surprisingly a few people highlight the only Bitcoin for that kind of ponzi scam.

OP mentioned a kind of traditional scam method which was called revenue-share. But nowadays I can't see any traditional revenue-share sites. I don't know if they exist or I am missing them. But still, Ponzi schemes like HYIP is existed and scamming us. If you aren't much greedy then shouldn't fall into this stupid scam attempt. Just try to earn Bitcoin through legal way.

Topic: How does the scammer companies earn through bitcoin ? - page 2. (Read 471 times)