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Topic: Is FORSAGE a Ponzi scheme? - page 3. (Read 464 times)

legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
August 14, 2020, 05:25:49 PM
#52
That's MLM marketing. Nothing scary, it's just exist.
Sorry,  I beg to differ. That isn't MLM, or let me rephrase it: Forsage isn't the kind of MLM people already know like Tianshi, Forever, UNO, just to mention three. Forsage is at best a ponzi scheme. What product does Forsage have and market? None! It's just people coming in and making registration and level payments which are pushed to those on top as commission. Are there any products? No! The real MLM has dignity and products.
jr. member
Activity: 298
Merit: 5
August 14, 2020, 01:16:13 PM
#51
Once you have no control over your money or investment, the righ is pretty high therefore if you want a safer investment then it will be best if you will just
buy ethereum and keep it rather than investing it to forsage.

As there is a a big chance that forsage is a ponzi scheme and the chances that your money will be lost is pretty high. A small with a steady profit is better than
losing all your money to an investment that is pretty risky.
hero member
Activity: 1428
Merit: 506
August 14, 2020, 11:08:25 AM
#50
Here in my country many people become a victim of this scam. It spreading in social media page that other people encourage to join them. It just like a Ponzi scheme so when you invest your money you will earn nothing. During this time of the pandemic we have to be attentive much better to have save your eth.
full member
Activity: 1820
Merit: 107
August 14, 2020, 10:51:10 AM
#49
Is FORSAGE a Ponzi scheme? Buying ethereum to keep and buying ethereum to invest in forsage, which is better?
Yes, I believe that FORSAGE is a PONZI scheme and it's too obvious, in fact, my country's SEC already declares a warning against it, and officially categorized as a PONZI scheme. But due to Ethereum's Decentralized Network, it won't stop easily as long as there are people who continue patronizing those easy money scheme thats why everyone should take extra precaution while dealing FORSAGE to save your Eth.
member
Activity: 546
Merit: 11
August 14, 2020, 10:37:28 AM
#48
Is FORSAGE a Ponzi scheme? Buying ethereum to keep and buying ethereum to invest in forsage, which is better?

Most often, in such frauds, only a small number of people benefit, and most are left with nothing.
full member
Activity: 966
Merit: 102
August 14, 2020, 10:18:05 AM
#47
I highly think that Forsage is some kind of scheme. And up until this day, many people fall for this promoted investment around social media platforms like Facebook. I just hope that these people realize the risk they are putting themselves.
member
Activity: 882
Merit: 13
August 14, 2020, 09:57:14 AM
#46
The famous co-founder of ethereum was tweeted about forsage and indeed this is another ponzi scheme. Stay away if you don't want to lose money, it's better to invest ethereum not this quick rich platform, it's a scam.
It is actually Vuterin hself who tweeted to stay away from such ponzi scheme. Forsage is like a pyramiding scheme, which pioneer members try to invite members promising good and potential big profits in a small amount of investments with big investments return.
sr. member
Activity: 1344
Merit: 250
August 14, 2020, 09:37:25 AM
#45
Is FORSAGE a Ponzi scheme? Buying ethereum to keep and buying ethereum to invest in forsage, which is better?
it is clear that Forsage is a Ponzi scheme you should avoid investing in Forsage if you do not want to lose the money you are better off buying ethereum in exchange and storing them, or you can buy altcoin renowned as coin top 10 coinmarketcap you do not invest in a website Ponzi because it all ends will scam and hurt you more secure and profitable trading.
sr. member
Activity: 868
Merit: 333
August 14, 2020, 09:18:07 AM
#44
It is a scam, so you better be buying your eth and keep it to yourself.
It has been one of the topics in my country that advising people to be careful and try to stay away from Forsage. It is not the investment that people should be in since it really has a high risk of losing money.
sr. member
Activity: 1372
Merit: 322
August 14, 2020, 09:08:04 AM
#43
It's a proven ponzi scam and you must stay away from this site. If you are interested in buying ETH as you said above, I think it's not good decision to buy at the moment as it seems too hyped already and it may crash. Better you wait for its price getting decreased.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
August 14, 2020, 09:05:05 AM
#42
Is FORSAGE a Ponzi scheme? Buying ethereum to keep and buying ethereum to invest in forsage, which is better?
If a business asks you to bring someone else before you can earn, be weary of it. It's the same way I am weary of the so called Forsage. It takes money from newcomers and pays old members as commission without any tangible business to fall on. The worst part is that there is a lockdown period before you can withdraw your earnings. Again, be scared and weary of any platform or business that encourages lockdown as its business module. Run as far as you can away from such. They always come down crashing, sooner than later.

Old same schemes where people continue to fall thinking that crypto investment is a easy access to richness, it's sad to see
that there are so many people now from social media who keeps sharing their wallets encouraging more people to invest and
participate to this networking,.

Think of this, is happened that you able to cash out before the crash how about those people that you bring who does not able
to earned and lose their investment? They will chased you and blamed you for the lost that you bring them.
hero member
Activity: 881
Merit: 500
CyberTrade
August 14, 2020, 09:02:02 AM
#41
Is FORSAGE a Ponzi scheme? Buying ethereum to keep and buying ethereum to invest in forsage, which is better?
It is a multi level marketing scheme, until new members keep on arriving after you, the contract will keep you paying money and once no new users come to the contract the contract will fall and along with it the scheme and payouts too. The same was once with a game on the Ethereum blockchain where you had to be the last one person depositing in that contract when the timer was at 30s and once a person deposits in that contract the timer would again increase by adding xseconds where the value of x was always a constant and this contract too attracted more than 7k Ethereum at once in the prize pool.
legendary
Activity: 2268
Merit: 1655
To the Moon
August 14, 2020, 08:55:55 AM
#40
Is FORSAGE a Ponzi scheme? Buying ethereum to keep and buying ethereum to invest in forsage, which is better?

As a rule, classic multi-level marketing schemes can be called Ponzi schemes. In such schemes, the participant's income is generated by attracting new investors to buy slots. It should be understood that if a company does not have a real business, it can not make a profit that would go to pay dividends.
legendary
Activity: 2030
Merit: 1076
BTCLife.global participant
August 14, 2020, 08:51:03 AM
#39
Is FORSAGE a Ponzi scheme? Buying ethereum to keep and buying ethereum to invest in forsage, which is better?
If a business asks you to bring someone else before you can earn, be weary of it. It's the same way I am weary of the so called Forsage. It takes money from newcomers and pays old members as commission without any tangible business to fall on.
That's MLM marketing. Nothing scary, it's just exist. Will the project scam depends on it's founders, on their goals and intensions, and the most important - on exact model they chose. To get rich quick at the expense of gullible users or something else. Take a look at BTCLife Global.

Quote
The worst part is that there is a lockdown period before you can withdraw your earnings. Again, be scared and weary of any platform or business that encourages lockdown as its business module. Run as far as you can away from such. They always come down crashing, sooner than later.
There are no obstacles to withdrawing funds from the BTCLife Global, what you earned is that you earned. Please watch my video in that thread. Avoid dubious projects, join verified ones!  Wink
sr. member
Activity: 1022
Merit: 276
★Bitvest.io★ Play Plinko or Invest!
August 14, 2020, 08:36:35 AM
#38
Is FORSAGE a Ponzi scheme? Buying ethereum to keep and buying ethereum to invest in forsage, which is better?
If a business asks you to bring someone else before you can earn, be weary of it. It's the same way I am weary of the so called Forsage. It takes money from newcomers and pays old members as commission without any tangible business to fall on. The worst part is that there is a lockdown period before you can withdraw your earnings. Again, be scared and weary of any platform or business that encourages lockdown as its business module. Run as far as you can away from such. They always come down crashing, sooner than later.
I do agree. People should be wary of their investment if they are being required to refer more people just to earn more. This forsage is a scam that their only goal is to gather more people to become their victim, because the more people they gather, the more money they can get.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
August 14, 2020, 08:20:47 AM
#37
Is FORSAGE a Ponzi scheme? Buying ethereum to keep and buying ethereum to invest in forsage, which is better?
If a business asks you to bring someone else before you can earn, be weary of it. It's the same way I am weary of the so called Forsage. It takes money from newcomers and pays old members as commission without any tangible business to fall on. The worst part is that there is a lockdown period before you can withdraw your earnings. Again, be scared and weary of any platform or business that encourages lockdown as its business module. Run as far as you can away from such. They always come down crashing, sooner than later.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
August 14, 2020, 07:12:30 AM
#36
Its a ponzi scheme and those who joined first and had many referrals are the luckiest on this kind of investment.

A friend of mine convinced me to join in forsage, he is just new to crypto and someone invited him and he eventually invested.

But now it seems he is regretting his decision after learning the process on how to earn.

The structure is easy to trace if there are no products or services and you can only earn from inviting people and if they invest, you can easily tell that it's an MLM or Ponzi scheme those who came in early are the one who can make the most profit while if you are a latecomer you have to recruit or refer a lot reach payout sometimes it will not happen to latecomers.

better spend your money in eth. that kind of strategy is ponzi! crystal clear! people are falling to this trap because of the hope that they will get good money but not for you if you are already behind the train. and i dont think it is really good to earn money while others behind you are suffering. with eth, you are not stepping someone else's feet.
full member
Activity: 467
Merit: 100
Binance #Smart World Global Token
August 14, 2020, 07:06:33 AM
#35
Is FORSAGE a Ponzi scheme? Buying ethereum to keep and buying ethereum to invest in forsage, which is better?
Yes, this is just another scheme that will just take your money. So, it is way better to buy your ethereum and keep it until its price reaches your expected amount that buying ethereum and invest it in forsage. If you invest it, instead of making a profit, you will end up having nothing and there will be no way to take it back.
full member
Activity: 2324
Merit: 175
August 14, 2020, 06:59:29 AM
#34
Its a ponzi scheme and those who joined first and had many referrals are the luckiest on this kind of investment.

A friend of mine convinced me to join in forsage, he is just new to crypto and someone invited him and he eventually invested.

But now it seems he is regretting his decision after learning the process on how to earn.

The structure is easy to trace if there are no products or services and you can only earn from inviting people and if they invest, you can easily tell that it's an MLM or Ponzi scheme those who came in early are the one who can make the most profit while if you are a latecomer you have to recruit or refer a lot reach payout sometimes it will not happen to latecomers.
hero member
Activity: 3010
Merit: 629
August 14, 2020, 06:50:46 AM
#33
Its a ponzi scheme and those who joined first and had many referrals are the luckiest on this kind of investment.

A friend of mine convinced me to join in forsage, he is just new to crypto and someone invited him and he eventually invested.

But now it seems he is regretting his decision after learning the process on how to earn.
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