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Topic: How does the scammer companies earn through bitcoin ? - page 4. (Read 471 times)

legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
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It has nothing to do with bitcoin, that's the first thing that you need to understand. That's why the are called scammers because they take advantage of anyone in crpytosphere. You just have to think logically, no one can passively earn that amount of money just by watching ads. If you really wanted to earn here, you need to work your ass off, just like regular jobs in the offline word. I do hope that this is a big lessons for you and your friend, not to blindly trust anyone with your precious crypto.

sadly to say, these scammers just used the name of bitcoin to attract naive users. they are not in any way earning btc thru watching ads. they just look for certain activity that will give seemingly "valid" source of income. return of 4.6% daily from your investments seemed really a ponzi scheme to me. so they are just using the deposit of newcomers to pay the older users. not a new scheme but still people are jumping on this kind of too-good-to-be-true roi. and once they collected enough money for their pockets, they are gone. i dont know how many users will still fall on this very old tactic before they really need to  learn their lessons in a hard way
hero member
Activity: 2870
Merit: 594
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 ?

It has nothing to do with bitcoin, that's the first thing that you need to understand. That's why the are called scammers because they take advantage of anyone in crpytosphere. You just have to think logically, no one can passively earn that amount of money just by watching ads. If you really wanted to earn here, you need to work your ass off, just like regular jobs in the offline word. I do hope that this is a big lessons for you and your friend, not to blindly trust anyone with your precious crypto.
sr. member
Activity: 784
Merit: 252
Hell, when you can find everything without needing to trust any company with your money, then you have every right to prevent it. Why entrust stupid things to a third party? people who thoughtlessly would have very little knowledge to invest.
I think it's enough to tell your friends that it's enough to visit an exchange, buy Bitcoins as they please and store them in a hard wallet. No need for a third party to manage your money, nothing to interfere with what you have. Why is it so easy to hand over to a silly company? ask your friend!!!!
legendary
Activity: 3472
Merit: 3507
Crypto Swap Exchange
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.


You already got the answer, it's about Ponzi schemes, no matter is it paid in Bitcoin or in the USD. the mode of fraud is the same.
Bitcoin or any cryptocurrency is used there because is "new" for many noobs who are hearing about rich people because of investment in crypto. for you beginners, it always seems tempting and you all stick to the possibility of making big money.
read this again
This system is proven to be collapsing after a while. Read: https://en.wikipedia.org/wiki/Ponzi_scheme

You did not explain, what has the Binance application got to do with it?
Also, are your friend get all of his money invested there? whether he ended up with a profit?
newbie
Activity: 16
Merit: 0
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.
legendary
Activity: 3080
Merit: 1500
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 ?

What you have narrated here has nothing to do with bitcoin. It is a typical ponzi scam under the disguise of "paid to click" business. Do not ever fall for such websites going forward. Making money online is not easy so if you see such easy tasks which will fetch you some unrealistic amount of returns, stay out of those.

Bitcoin is a currency system just like USD. But it is just not controlled by any central authority. If you want to know about bitcoin, go google it and millions of resources will be with you in less than a second.
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
How does the scammer companies earn through bitcoin ?

What kind of question is that? Those people's weapon isn't the type of money, but their victims' foolishness and their deceitful techniques (which are usually pathetic). Any late investor in this company could have been scammed with or without cryptocurrencies' existence.

Those companies aren't really companies as they're ran by individuals with no licenses and there's no legitimate activity. Their scheme is pyramidal, which means they fool their newcomers believe that there's some sort of honest business behind the company while their only source of income is the newcomers'.

This system is proven to be collapsing after a while. Read: https://en.wikipedia.org/wiki/Ponzi_scheme
newbie
Activity: 16
Merit: 0
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 ?
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