Is FORSAGE a Ponzi scheme? - page 4.

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Quote from: DAVID GRACED20 on August 13, 2020, 03:05:23 PM

Is FORSAGE a Ponzi scheme? Buying ethereum to keep and buying ethereum to invest in forsage, which is better?

FORSAGE Ponzi Scheme has been in our country for months already and base on their matrix, I conclude that this is just like one of the many ponzi schemes around the internet.
What's worse is they are owning Ethereum.

Well, its a ponzi scheme. No further explanations. If you want to invest and risk on it then go ahead. We've warned you and all of the other users here who want to invest on that scam company. Better keep your money or you will regret investing it on Forsage.

Kotone

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Quote from: Gorosden on August 14, 2020, 03:31:23 AM

I believe Forsage is a scam project since many have talked against this project, the early investors make the best gains and those who joined after will get rekt, something that's only possible through Ponzi schemes

It will become a scam project eventually. Thats how ponzi works. Funds will keep pour on the first months and will died out when there is no more funds circulating on the platform. Actually they only just used the eth platform but you can see the methods are still the same you dont invite you still earn from holding but of course everyone will keep find underlings to gain more commission. So still it will be a multi level chain of invites. Beware about this cause its 100% scam.

judeafante

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Quote from: DAVID GRACED20 on August 13, 2020, 03:05:23 PM

Is FORSAGE a Ponzi scheme? Buying ethereum to keep and buying ethereum to invest in forsage, which is better?

It's 100% Ponzi scheme based on a smart contract as we all know you can create a lot of things in Ethereum smart contract to the point that you can create an HYIP and Ponzi scheme out of it, these developers are very cunning they made a lot of money making this Ponzi scheme credible to the eyes of investors.

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Quote from: Oasisman on August 13, 2020, 04:44:34 PM

Recently a tweet from Vitalik Buterin about staying away from that Forsage eth investment scheme.
https://mobile.twitter.com/VitalikButerin/status/1292973799378284544?fbclid=IwAR1LTCmXmWlRyyvb-jfv0EAWL0B50R1l_-sDJRu1gWx2N19B6QN2Fp-kjAM

Translation : "They fight against you because you are a lie. Most users of this kind of project will not make money, but will lose a lot of money. This kind of project relies on more and more people coming in every day to pay the previous participants. When the new participants are gone, most users lose everything they invested. Look at bitconnect, onecoin, etc.

I ask you to leave and do not pollute the Ethereum ecology in the future, thanks!"

That words are coming from the co-founder of the Ethereum network.
Take his advice, or lose your money.
You'd better just buy and hold that Eth on your own wallet If you have no courage in trading. That's better than investing into a project like Forsage, which will eventually turn into a scam when people stop supporting those kind of projects on the latter.

This will already see that Forsage is already like a ponzi schemes, a project that relies on people paying to pay pay they invitee that even Vitalik didn't want it in his ecology. It may let their users now earn but until when? The late comers will be the one who will be greatly affected of those schemes.

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I believe Forsage is a scam project since many have talked against this project, the early investors make the best gains and those who joined after will get rekt, something that's only possible through Ponzi schemes

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Quote from: Restmand on August 14, 2020, 02:53:43 AM

Quote from: DAVID GRACED20 on August 13, 2020, 03:05:23 PM

Is FORSAGE a Ponzi scheme? Buying ethereum to keep and buying ethereum to invest in forsage, which is better?

Stay away from it this is a Ponzi Sheme at first its good because all its promises is given but for sure times come it will result to scam. Buy ETH and hold it or buy some alts which has good potential in the future. Success needs effort and time.

Usually, this kind of investment is only profitable for those who joined at the beginning, not for those who joined later, because usually the last participant will feel the scam without getting profit, or even capital does not return.

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It is not a ponzi scheme but an imitate of Multi Level Marketing Network. I see it as just a kind of crowdfunding to help few people at the expense of others as they must reach a certain level to make their earning. I don't encourage anyone to join it.

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Quote from: Inkdatar on August 14, 2020, 01:29:50 AM

Quote from: DAVID GRACED20 on August 13, 2020, 03:05:23 PM

Is FORSAGE a Ponzi scheme? Buying ethereum to keep and buying ethereum to invest in forsage, which is better?

A friend of mine invite me to join this forsage and also why their members always inviting people to join them.There’s already spreading news about forsage a scam and people already warned by SEC not to invest. I believe it's just another Ponzi scheme so best is to avoid investing to this kind of offer with high return of profit. Don't fall for this you will regret it later on once your money will lose.

After the Sec Issuance their is another new one which is Forsage Tron which is very new and they only requires half of joining fee or to be a member. Now they using TRX to their ponzi schemes as forsage may be delisted in ETH platform soon as many it seems to ruin or used the platform in different way. We should always beware of ponzi schemes, be considerate to the people who will be affected after the invitation.

Restmand

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Quote from: DAVID GRACED20 on August 13, 2020, 03:05:23 PM

Is FORSAGE a Ponzi scheme? Buying ethereum to keep and buying ethereum to invest in forsage, which is better?

Stay away from it this is a Ponzi Sheme at first its good because all its promises is given but for sure times come it will result to scam. Buy ETH and hold it or buy some alts which has good potential in the future. Success needs effort and time.

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Quote from: DAVID GRACED20 on August 13, 2020, 03:05:23 PM

Is FORSAGE a Ponzi scheme?

Yeah! Like what others said, it was debunked almost two months ago already. You can take this as another reference/proof: Beware: FORSAGE another scheme (Ponzi)

With regards to buying eth, better to use Coins.ph dude. Then hodl or do spot trading in coins pro. I guess that's the best option you can have instead of trusting on new investment platforms. Good luck kabayan

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WannaCry

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yes, it is.. there is a warning from Philippine Security Exchange and Commission that beware of this investment. I don't know why people still fall for like this investment. there is no such easy money.

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Quote from: DAVID GRACED20 on August 13, 2020, 03:05:23 PM

Is FORSAGE a Ponzi scheme? Buying ethereum to keep and buying ethereum to invest in forsage, which is better?

A friend of mine invite me to join this forsage and also why their members always inviting people to join them.There’s already spreading news about forsage a scam and people already warned by SEC not to invest. I believe it's just another Ponzi scheme so best is to avoid investing to this kind of offer with high return of profit. Don't fall for this you will regret it later on once your money will lose.

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Quote from: DAVID GRACED20 on August 13, 2020, 03:05:23 PM

Is FORSAGE a Ponzi scheme? Buying ethereum to keep and buying ethereum to invest in forsage, which is better?

I don't know a thing about forsage but it's easy to figure out a Ponzi scheme website, their offers gives them away instantly, if their ROI is too good to be real then it's a scam, all legit Proof of Stake coins have 5% to 15% Staking reward annually and Ponzi schemes always offer more in just weeks or month

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Quote from: Xanxus024 on August 13, 2020, 11:13:46 PM

Quote from: DAVID GRACED20 on August 13, 2020, 03:05:23 PM

Is FORSAGE a Ponzi scheme? Buying ethereum to keep and buying ethereum to invest in forsage, which is better?

There are many people ask me if Forsage is a legit investment for crypto but I always advise them to look if it's a authorize and registered. Well as per checking those 2 requirements did not meet so for me it is a ponzi scheme. It's better to buy crypto on a legit exchange site to have a much secure and by that the risk of getting scam is too little.

it's a real ponzi scheme no more questions about it giving a high passive income return is enough to prove that its just another fake investment. We need to learn to what we experience before even how they used this new technology to make a new kind of investment the result will the same. Pozi scheme is ponzi scheme and they will run one of the day.

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Quote from: DAVID GRACED20 on August 13, 2020, 03:05:23 PM

Is FORSAGE a Ponzi scheme? Buying ethereum to keep and buying ethereum to invest in forsage, which is better?

There are many people ask me if Forsage is a legit investment for crypto but I always advise them to look if it's a authorize and registered. Well as per checking those 2 requirements did not meet so for me it is a ponzi scheme. It's better to buy crypto on a legit exchange site to have a much secure and by that the risk of getting scam is too little.

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Quote from: Gotumoot on August 13, 2020, 03:24:30 PM

Quote from: DAVID GRACED20 on August 13, 2020, 03:05:23 PM

Is FORSAGE a Ponzi scheme? Buying ethereum to keep and buying ethereum to invest in forsage, which is better?

I believe that it is a Ponzi scheme and I would recommend to keep away from those type of investment.
It is better to buy and keep ETH than to invest in Forsage also try other alt-coin and hold them for a bit and when the price goes up decide on yourself if you would still hold them or just take the profit.

Thank you for this. I was actually thinking that Forsage is another ponzi, glad to find people who believe the same thing. People need to be more mindful of these new projects and not just jump at the next new thing.

S4VV4S

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Quote from: ecnalubma on August 13, 2020, 03:49:12 PM

If its too good to be true then stay away from it there’s no shortcut of becoming rich. Buy and hold your eth keep it in a non- custodial wallet instead. In our country SEC already gave warning to investors and promoters of that ponzi scheme.

Philippines SEC Calls Forsage a Pyramid Scheme, Warns Investors

It's just a matter of time before Forsage will scam, There have been many types of Ponzi scheme investments like this, And none of them can survive. Every Ponzi scheme investment, the last participant will always be victim, So better stay away from Forsage.

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Quote from: DAVID GRACED20 on August 13, 2020, 03:05:23 PM

Is FORSAGE a Ponzi scheme? Buying ethereum to keep and buying ethereum to invest in forsage, which is better?

It is a ponzi scheme they just using the ethereum network as a front for their business its an obvious way to collect funds and uses eth as a medium of transaction. Better is buying ethereum and stay away from forsage. You can even trust eth in the long run even not using it on some platform that is like a ponzi scheme.

khiholangkang

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You can see it from the Forsage smart contract, it is clearly marked that this is a ponzi and you better stay away from this platform.
https://etherscan.io/address/0x5acc84a3e955bdd76467d3348077d003f00ffb97

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Buying Ethereum is legit but investing it to Forsage, you are about to lose your money. Several articles have been made to prove that this forsage is a scam.
Go to the Twitter account of Vitalik Buterin and see his explanation about the scam. He wants people to avoid it and even a normal crypto person knows that Forsage is a scam. Don't get it wrong but Forsage is a scam.

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