Here you have an example of scam, Bitcoin inc
https://bitcoin.inc/
And the owner his Morgan Rockcoons (Morgan Rockwell when he scam) the same scammer who is behind Bitcointopia
https://steemit.com/bitcoin/@adamkokesh/t62si23v
He has scammed more than 40 persons and all his victims are scattered. I am working to make a joint complaint to bring Morgan Rockwell to prison, if you want to join me write me on facebook Gorka oscoz ocio
Topic: How does the scammer companies earn through bitcoin ? (Read 471 times)
Sept.23,2021,my first to enter and learn about bitcoin.im sitting here,right now,while one of my friend..we talking about earning money,hard but so easily if you give some effort so can reach whatever you wanted soon,to learn more not only about earning money..firstly so excited to learn,i believe that scammer they can earn money without effort and easily to give challenge to people who not aware to known it will.but for me...they can scam, those people ,through without knowing any approven l
Scam companies take advantage of the biggest advantage of blockchain, that is, the anonymity is very concealed. No one can query the other party's information through records. This makes the fraud companies very rampant. They use Ponzi schemes to attract funds and finally run away. One person can find out who started the scam, and the only thing we can do is refuse to trust the person who collects our currency!
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’s all about tactics, scammers are only able to make money through those that they can fool. So, that’s why you have to be careful, when you see anything that seems too good to be true you have to avoid it. There are so many methods that are being used by scammers to fool people and take their money. just like the one that told your friend to invest $150 and been watching advert to be earning daily, may looking at that he should know that it is a scam and not real.Instead of you to fall for all these things, it is best that you get a job and focus on it than looking for ways to make money quick so that you become rich all of a sudden. Sometimes scammers are not only after your money, they can steal your Personal information and use it to do whatever they want or even sell it on the dark web.
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 is more like PTC (Pay to click) sites which already knew by a lot of people that they are not really earning by watching ads or maybe something else, but what they get is money from people who deposit after him. There are some sites that we must really aware with it.1. Cloud mining which only ask us to deposit and get earning certain percentage everyday/hour.
2. Sites who offer us to double our money only with deposit
3. Pay to click sites which ask us to buy ads to watch or maybe click and we get earning with that.
The idea that scammers earn money with bitcoin is just utter hogwash. Criminals will find ways to scam using any means of value they can.
The reason you’re hearing about scammers using bitcoin now is just a testament to how many people are waking up to the value of Bitcoin rising in popularity.
Bitcoin is just a currency that is scapegoated by those who do not understand what this currency really is. All valuable asset will suffer the same and this is just an option used by scammers to profit from asset that have value. I think those people have the wrong understanding about bitcoin all along if they think bitcoin has scammed them because of ponzi investment and other scams.The reason you’re hearing about scammers using bitcoin now is just a testament to how many people are waking up to the value of Bitcoin rising in popularity.
Scammers are always smart to use anything of value and popularity to commit fraud, including utilizing Bitcoin which is indeed increasing in popularity.
Moreover, it must be admitted that there are still very many people who do not understand Bitcoin properly, this is what scammers eventually use to
try to find loopholes by running a ponzi scheme. Especially newbies who lack knowledge are very vulnerable to being victims of fraud.
So don't immediately accuse Bitcoin of being a scam if there are reports that say investors lost money after making a deposit on certain platforms.
It is purely the fault of investors who are not careful in choosing platforms for investment, and still think Bitcoin can provide huge profits instantly.
The conclusion is to avoid fraud in the crypto world, study the crypto world correctly, because having knowledge will allow us to know how the crypto
world works.
The idea that scammers earn money with bitcoin is just utter hogwash. Criminals will find ways to scam using any means of value they can.
The reason you’re hearing about scammers using bitcoin now is just a testament to how many people are waking up to the value of Bitcoin rising in popularity.
The reason you’re hearing about scammers using bitcoin now is just a testament to how many people are waking up to the value of Bitcoin rising in popularity.
This is very true. Scammers will always find ways to deceive people and will use what is known to be perceived of value or the interest of the public at present, in this case, Bitcoin. Bitcoin is just a tool and bait scammers used to let people fall into their traps. Nonetheless, it is simply ponzi scheme.
The idea that scammers earn money with bitcoin is just utter hogwash. Criminals will find ways to scam using any means of value they can.
The reason you’re hearing about scammers using bitcoin now is just a testament to how many people are waking up to the value of Bitcoin rising in popularity.
Bitcoin is just a currency that is scapegoated by those who do not understand what this currency really is. All valuable asset will suffer the same and this is just an option used by scammers to profit from asset that have value. I think those people have the wrong understanding about bitcoin all along if they think bitcoin has scammed them because of ponzi investment and other scams. The reason you’re hearing about scammers using bitcoin now is just a testament to how many people are waking up to the value of Bitcoin rising in popularity.
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 ?
Nope, do not ever believe and attempt to invest into ponzi schemes that offer ridiculous returns in a short amount of time.
Personally, I have already invested into a ponzi scheme. For 3-4 months, you could actually see your investment increasing but on the last month before the maturity of your investment, the scam will happen and you will lose everything in the process.
2-3 years ago, I invested into a famous ponzi scheme called "USI TECH" where I even attended a conference that was held in the country. I was able to meet the developers and project head of the team and that bias gave me the security that the project would be legit. Unfortunately, lost $2000 worth of BTC and from there, I launched my campaign against all ponzi schemes in the forum.
There is no working system in that scheme. All that, the scam, is simple, is a case of robbing Paul to pay Peter; they pay the first set of victims with the money of a new member, and when the circle gets bigger; they boost the bubble, that is all. So such a scam is always called Ponzi.
Of course, fraud companies make money off of fraud, and Bitcoin is just a front for him. The fraud isn’t about bitcoin, it’s just one way to pay for it.
The idea that scammers earn money with bitcoin is just utter hogwash. Criminals will find ways to scam using any means of value they can.
The reason you’re hearing about scammers using bitcoin now is just a testament to how many people are waking up to the value of Bitcoin rising in popularity.
The reason you’re hearing about scammers using bitcoin now is just a testament to how many people are waking up to the value of Bitcoin rising in popularity.
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 are very professional in stealing more money. It is very easy for them to scam the other investors. So it is very important to know more about the coin and do not click some links that is not familiar with you. Do not believe that there are free coin without doing an investment. Just dont trust anyone that easy by doing that, you will surely avoid yourself to be scam by professional scammers.
There is no shortcut to get money except by scamming. Believing in attractive and easy-to-work offers is an attempt to attract and deceive investors. So my advice before acting is to study and ask seniors or forum who have experience especially companies that offer bitcoin easily.
This is how some of the scams that I have encountered worked, they blind you with riches and make you think that you're doing something when really you're not. Just look at what they did in OneCoin and Bitconnect, they used bitcoin as a reference and tell everyone that they're the next big thing, they capitalize on the fame that bitcoin achieved.
There is no shortcut to get money except by scamming. Believing in attractive and easy-to-work offers is an attempt to attract and deceive investors. So my advice before acting is to study and ask seniors or forum who have experience especially companies that offer bitcoin easily.
there are many ways the company generates bitcoins. for sure as you mentioned through advertising media and cost per click and it looks like they are using big name bitcoin as public attention grabber. I don't think it's necessary to explain because it's against the law. let the crimes committed by stupid people, and don't publicize how they get bitcoins because that's the wrong way.
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.
Who earns the bitcoins?
From your information i can conclude that, you guys must have paid him the 150 USD in Bitcoins and later the company ran away by taking your money in form of Bitcoins.
As Bitcoins is decentralised , so it’s hard to trace where the Bitcoins are sent.
Thus making the scammers easy to scam through this.
Hope everyone understand this and learn to be alert.
New comers is the main victim of scammers and that's because mostly newbies believing that there's a free money around the internet especially when it comes bitcoin.. perhaps the common scam issue are those site that offers free bitcoin, but you need to deposite first because it's forzen something like that, 
wherein it will become active only and available for withdrawal once you deposit on it.. Lol i don't know why many people alway fell in it until now..
wherein it will become active only and available for withdrawal once you deposit on it.. Lol i don't know why many people alway fell in it until now.. 
Investment companies that raise capital and pay dividends have been around for years. It's a form of Ponzi and many people with or without knowledge of Ponzi still go into those companies. Because they know that their greed and the profits they can achieve are too tempting.
I used to be such a person, participated in many high-risk, high-return projects. In hindsight, I moved away from them and turned to crypto.
I used to be such a person, participated in many high-risk, high-return projects. In hindsight, I moved away from them and turned to crypto.
Scammer companies will tell you they will sell bitcoin in more price then market price or they say to invest in their project to earn 2X Bitcoin or many of these types mathods they use for victims.
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.
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
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.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 .
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.
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.
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.
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". .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.
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?? 
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
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.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.
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
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.
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.
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.
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.
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.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.
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 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.
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.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.
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.
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
I think with 150$ you can buy your own bitcoin and trade yourself you will get profit but it takes patience
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.
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. 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.
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.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.
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.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.
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.
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.
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.
I want to know how this process works. How is this related to bitcoin and how can one earn just by watching ads ?
This process is called Ponzi Scheme. It's not related to bitcoin specifically. In this case bitcoin was just the currency used by the scammers to run their operation, but it could be also your local currency. You can earn by watching video is different platforms, for an example I can mention Permission.io, but as far as I know it's not possible to earn a decent amount of money with this kind of site. You will just receive pennies for every video/ads you view. The fact is that people promoting such sites earn with referrals instead of earning through viewing ads themselves.Micro jobs sites like Rapidworkers and Picoworkers also pay for watching videos. The payrates are low anyway for the time you have to spend on it to complete the tasks honestly.
The said project isn't related to Bitcoin but they're just using Bitcoin to scam and fool people. That's the risk of putting and entrusting our funds on people because of the hype and fud. That's why we're always advised to do research first before investing so we'll never be a victim of scammers.
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Sounds like an exit scam. I can't quite connect what you're saying in the first part though. Investing in a platform but then watching ads to earn? I am aware of these microtasks that allows people to earn by watching certain stuffs, mostly they earn points from it and redeem through Paypal. I am not entirely sure what's the connection of it with Binance, unless that "company" that your friend mentions pays in token and was exchangeable in Binance.
Through mass promotion from advertising agencies and false promise and big smiles, look at Bitconnect and One Coin, they were able to make something that's altogether fishy into something that's totally legitimate. Charisma is the biggest factor in this one too as you can't be quivering when you're asked of really pressing questions.
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.
I thought this kind of scam didn't exist these days because people know what is Ponzi scheme is. It basically lures naive people with a small percentage they supposedly got per day after staking their Bitcoin and after how many days, they paid you for how many days and later on, they will shut down and you can never hear them again. I had the same opinion, but to my surprise, I typed "earn bitcoins for watching ads" into a Google search to check the relevance of this query. But even today, Google gives a lot of suggestions that beginners can believe in and then be deceived.
It also turned out that in addition to Ponzi schemes, people interested in cloud mining are also offered to earn on viewing from their mobile phones and pay for a subscription. But the only thing they do is watch ads, and as a result, they don't earn anything.
https://www.trendmicro.com/pl_pl/research/21/h/fake-cryptocurrency-mining-apps-trick-victims-into-watching-ads-.html
Fraudsters will regularly come up with new schemes of deception, as long as people are willing to be deceived because of their ignorance.
They promise people huge amounts of money and then making them excited about this and at the same time instigate them into investing into their company and then this gullible person will comply and give them the amount that they're asking for and that's how they make some money, some of them will pay for awhile and when you decide that you want to increase what you're making, that's when they pull the rug on you.
No one would pay you with that amount just by seeing an ad. If you want to earn bitcoin, work hard for it. The company is not really existing and its only run by certain scammers who's job is to encourage people to invest and when they start investing, the said company will offer them huge returns from their money being invested. Maybe in the first months, investors will definitely receive a good amount but after several months when the fake company has already received lots of money from investors, then they totally disappear in just a sudden. This is not new to everyone especially when you're in a business field. Different types of scamming like ponzi scheme will definitely arise just to make advantage of those people's money out from their ignorance.
They promise people huge amounts of money and then making them excited about this and at the same time instigate them into investing into their company and then this gullible person will comply and give them the amount that they're asking for and that's how they make some money, some of them will pay for awhile and when you decide that you want to increase what you're making, that's when they pull the rug on you.
If the website doesn't make sense... avoid it!
Use a free bitcoin website like FreeBitcoins.com or FreeBitco.in.
Good luck!
Use a free bitcoin website like FreeBitcoins.com or FreeBitco.in.
Good luck!
It's really simple OP, the scam company creates an internal wallet of sorts that reflects purely numbers, making players mistake it for "profit". In your friend's scenario, he's mistakenly thought of the balance he has on the app as "profit" already, when in fact, it's just numbers generated by the app or whatever he uses, meaning it's fake, it has no real value, simple as that. Now, it's not only Bitcoin that scammers use, it's everything. Bitcoin is simply a medium, just like every other medium there, they are in no way at fault for being used in scams. If you were to continue in that direction I'd really have to question your intelligence about it ngl. That's at most, the only connection scamming has to Bitcoin (or anything else really).
Supposing there is a continuous flow of paid ads, then perhaps there is indeed a revenue coming from these companies. To increase traffic and consequently fees for the clients who wish to put up their brands, they are hiring ads viewers for a small payment.
However, in this particular case in which investment money is solicited from those who wish to earn, there is a suspicion that the money to be paid are most likely taken from the money of new investors. In other words, this is a Ponzi scheme. This is not at all related to Bitcoin.
However, in this particular case in which investment money is solicited from those who wish to earn, there is a suspicion that the money to be paid are most likely taken from the money of new investors. In other words, this is a Ponzi scheme. This is not at all related to Bitcoin.
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 ?
This kind of scam was hype back in 2017-2018 era, there are a lot of lending platform which give you around 1-5% a day without doing anything.
Called ponzi scheme which your money will fund another people registered after you, and when they already have a lot customers and the money pool is already big, they disappear.
I saw there are still many ponzi platform that giving a lot of return in short time nowdays this year, and it must be ponzi and could bring your money anytime, but for several lucky people if they join it at the right time, they could be get much profit also.
earn money by watching ads its remind me about neobux and other paid to click program but why need to invest when u still to work
usually scammer who using bitcoin and other payment services is HYIP(High Yield Investment Program) which give you good return on short time but HYIP most people also call them as ponzi scheme later investor will get nothing except regret always do research first before investing
usually scammer who using bitcoin and other payment services is HYIP(High Yield Investment Program) which give you good return on short time but HYIP most people also call them as ponzi scheme later investor will get nothing except regret
always do research first before investing 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 to understand that these people are just making your friend and his friends a fool. You might get paid during your 1st, 2nd, or 3rd day but don't wonder that they will disappear and banned you from contacting them in the following days. They are good at first but later on, you will know their true intentions. In fact, if you would analyze it carefully, you will surely be doubtful about how it be going to happen.
Quick returns, receiving a huge amount without doing anything, that obviously as Ponzi scheme.
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.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.
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.
Some scammers choose Bitcoin because it's easier to hide your tracks with it. But most scammers choose fiat because it's more popular, so you can't really say that Bitcoin encourages scammers or opens ways for new kinds of scams.
In this case the scammers pretended that they run some sort of ad watching microearning company, but the fact that they demanded a payment is an immediate red flag. When someone offers you work, they should be paying you, not the vice versa. It's a quite common scam even outside Bitcoin.
In this case the scammers pretended that they run some sort of ad watching microearning company, but the fact that they demanded a payment is an immediate red flag. When someone offers you work, they should be paying you, not the vice versa. It's a quite common scam even outside Bitcoin.
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.
I thought this kind of scam didn't exist these days because people know what is Ponzi scheme is. It basically lures naive people with a small percentage they supposedly got per day after staking their Bitcoin and after how many days, they paid you for how many days and later on, they will shut down and you can never hear them again. Back then year 2017 this kind of scheme was very popular, in fact, I'm one of the victims when I was investing my Bitcoin in a mining company, they promised to get my whole capital after 30 days, and per day, I got my profit. But after a week, they lost and never come back, it's regrettable.
Next time, analyze it first in which part they generate their revenue of their business. Because usually, it comes from newcomers in crypto, and then if the pool fund is ready to exit and run away, that's the time they become scams.
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.
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.
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 ?
They aren't earning "through bitcoin". They are earning by "scamming people". You are making it sound like bitcoin is used for scamming people. Like one of the user mentioned, it has nothing to do with bitcoin. Your "friend" probably joined a ponzie scheme where he was getting paid a lot for watching random advertisements. As long as people are investing in that "scam company", everyone will get paid. Once people start trusting them and more people starts investing, they will disappear with those money. It's sad that people still fall for scam like those. 
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 just simply a cover up but totally that website is really just a ponzi. If there would be no one will be making out some deposits then it would just simply breakdown and the site would go down and ran all of those moneythat had been deposited by those late investors.
This is a basic scheme that had been known in the past thats why you should have at least on using your common sense for you to avoid.Yes, you can earn initially but promising on earning a lifetime
is something you should be having on doubts about in the first place.
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 ?
They used that 6$-7$ USD to lure people since like what you said if your friends tells you that he is earning that amount by just watching ads and then deposit some amount on their platform then for sure you will have an interest to try it to. Talk by mouth is like wide fire and its easy to spread especially if there's a money involve also if you ask how those scammers earn then they are earning thru the deposit of their new investors since once they convince more people to put their money in their platform and also once they reach there threshold like achieving millions of dollars in investment then they will do a grand exit scam and left their investors crying.
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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.
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
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.
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!!!!
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!!!!
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?
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.
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.
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
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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