Topic: Is FORSAGE a Ponzi scheme? (Read 464 times)

Obviously it's clear it's better to keep your Ethereum than to throw it away to people who do not deserve your sweat, I have seen the name severally but I have never bothered to research on it because I see people kicking against it, so stay off it, save your Ethereum or invest in other coins with your Ethereum.

Remember the one thing, if it promises a guaranteed return, then it is a Ponzi scheme or any other form of scam for sure. Money can´t be generated without any risk or effort because if yes, then everyone would have money, right? 

I was surprised to see this topic on FORSAGE. I have been seeing a lot of people talk about this forsage where I live, and they are hyping it so much and saying that they are getting rich from it. I would always see them posting pictures of their Forsage account with so much money in it and all that, but I have never been interested in it and didn’t bother to ask about it, not to talk of checking their website because I have this feeling that soon it will end in tears.

Based on the way they usually explain, seems like once you join you have to invite others, and the more people you’re inviting, the more you’re going to be earning. It will be best for you to invest in Ethereum and just hold in your wallet till price goes up.

This is really a Ponzi scheme and very risky, maybe if we join in early we will get some profit but for now it is very risky even though the capital can return I would prefer not to do it.

I opened and read their website - it's crystal clear MLM and nothing more isn't it? Not only do they have a website that just screams "Hey hi I'm MLM" so there is no section with the team. The Answer Is " No One. The Forsage platform is a self-executing transaction that does not allow you to interfere in the course of transactions."the question " who controls" is a total deception.
But the advertising post came out good - I even went to read what this project is. +$$1.5 for creating an interest in the bonus to you.

From the beginning, it has already categorized itself as a scam. The blind followers just trusted it because they have invested their money after receiving warnings and advice from the people who are aware that it was indeed a scam.
Really, they have this version 2 of the scam?

Those who are planning and also those who already in this scheme to prevent the spread, this Ponzi will continue if there are people
who will continue to invest and continue to recruit other people.

The best thing to do is to choose this invest ETH and keep it till the value goes up and bring decent profits. Don't entrust your money with someone else wallet.

Buying ETH for keeping is better than investing it in Forsage. As for me, Forsage is a ponzi scheme and can later end up being a great scam to all those who has ventured into it, even Supersage.

Yes, forsage is a ponzi scheme, no doubt is a pure scam, I just hope those investing in it will read this thread to know is a scam. Instead of investing in forsage, why not invest in ethereum directly and know you are the owner of your wallet and your investment? Only newbies will fall this cheap scam.

it is better you buy ethereum and keep Forsage is a scam no one can tell me opposite with my experience in the crypto industry i know when i see a ponzi scheme

I'll rather go with the option two, which is buying ethereum and keeping for future increase in value. The value of ethereum would likely increase as those who purchased ethereum earlier this year have seen over 100% increase within less than 8 months. Forsage is a ponzi scheme using ethereum smart contract, some persons confuse forsage to be a project and its not.

They are promoters and early investors and they are good at recruiting people, because they can show cars houses payment proofs which are all fake and not really coming from their earnings, some of them even had a nerve of doing photo shopped of their earnings and andthe number of people they recruited.

yes, this is a ponzi scheme and eventually become a scam. It's the run-of-the-mill Ponzi scheme using Ethereum, or in the case of the earlier ones that were already busted, Bitcoin, as the 'product' they are selling.most of these people involved in propagating the program are not aware it is a Ponzi scheme and are victims as well. it’s your choice if you want to invest or not. If you’re willing to take the risk that goes with it.
Like any other blockchain-based smart contract scheme you know out there, Forsage cannot recruit the whole world. When it reaches that point where it can no longer recruit partners, then it will end its operations.

I wonder why crypto investors still fall prey to scams like forsage, tronbank and the likes of money doubling schemes. These are pyramid schemes which usually end in regrets for some investors. Sometimes the team get greedy or once they hit their scam target, they close down the scheme. Stay away from forsage and similar ponzi schemes.

Investing in crypto projects that are ponzi-like ought to have taught us lots of lessons. We have had several of such experiences in the past.
Their end is usually devastating.
There is no two way to it. Ponzi is scam and crypto ponzi, will exit scam at anytime.
Better not to invest than giving it a trial.

Primary mistake on where do people fall into these kind of obvious traps.Due to greed then people do easily get fooled and made them invest.
This had been always a typical or classic way of scamming but there are still people who do fell just because they do hope nor believe that easy money do exist,without even thinking on hows that possible.
When time comes that no one would make out investment and the management does continue on giving out payouts then that would be
the perfect time for them to ran away.FORSAGE is indeed a ponzi scheme but there are still people who are too hard-headed and do still decide to make out investments.

Buying etherum to keep is better and the best. Then trading etherum constantly each day is equally rewarding. But never buy etherum for ponzi purposes because forsage is a ponzi affair and is fraudulent.

yes of course when no one has made a deposit it will make them destroyed and the last person to make a deposit will feel that they have lost a very large amount of their assets, the best investment is to buy and save not in that way.

Surely forsage is a Ponzi scheme, if someone invests 0.05 eth then he will get a profit of 1400+ Eth.  
Now we can think ourselves whether this is possible. obviously, it is not possible, it is all scammer's trap.

The scammer has only one weapon that is greed, if you greed and participate in such a scheme, you will probably be robbed.

This project has already confirmed as a scam ponzi project and so many parties have already made so many awareness for the people to never try involved in any scheme that was also running by the forsage project.

People can avoid the suspicious investment when they were doing DYOR

Stay away from all such programs and schemes, for me any investment platform that does not have a real, established, trackable and authentic business or product is nothing but a ponzi scheme. In case of forsage as well it is nothing but a mlm or matrix based program which will die away as soon as new investments and user flow will stop.

As a rule, those who brag about their profit on social networks do not actually invest their money in such schemes. They get their profit by attracting new participants to such a Ponzi scheme, using social networks for this purpose. Thus, their referral earnings are based on the loss of money by new investors.

I hate to see when people promoting these scam ponzis and bragging on social medias on how much they have earned already. They did not consider those who barely affords to make an investment. They tricked them and stole their funds and turned a blind eye. KARMA is all I can say when the right time will come these scammers.

Forsage is 100% ponzi, I have Sen many ponzi marketers, claiming there platform is not ponzi, and end up crashing.. Same as forsage team and investors will try to convince you that it's not a ponzi. Vitalik or not, it is a ponzi scheme, and if you want to invest, be sure to invest with what you can afford to loose. Cos it's bound to crash anytime, that is if it has not crashed and except the dev is your family member.

Vitalik himself already announced about Forsage and there had been several warnings about this Ponzi scheme. It's just bad that crypto is being used by several people to scam others. I've seen a lot of people promoting and inviting people to invest in Forsage. People must be aware to avoid losing money and having misconception about crypto.

That is, they are only looking for nembies who invest there and not only Ethereum, Tron is also the same, they only rely on the current trends, therefore newbies will always be interested in the promotions they offer.

Even though there have been many catches about forsage, there are still many people promoting via social media, which means they are deceived and continue to do these stupid acts.

It is a Ponzi and lately, I haven't seen those people that are posting about it on social media. I'm starting to think if the forsage groups they belong have started to run and exit.
Investments like this have no difference with other Ponzi schemes that have only one goal and that is to scam investors.

I am going to be a bit contrarian and literal here. Which "investment" choice is "better"...

It's important to bear in mind that modern crypto Ponzis will continue to attract participants for years, and this Forsage is only 6 months old.

Forsage is a Ponzi, certainly. But you have to understand that there are Ponzi games, schemes, and scams.

At the one end, a Ponzi "game" is a form of high risk gambling and does not hide from its nature. You put in money, and so long as there are 4 levels of players below you, you break even. More than that, and you win some money. Eventually however, people stop contributing and the Ponzi "game" falls apart, with the last 3-4 generations of players losing money.

At the far end, a Ponzi "scam" is designed from the start to steal as much money as possible for the scammers, from as many people as possible, by wholesale deception. Very few people aside from the root scammers make money, and those who do are usually only influential marks or co-conspirators whom the root scammers think will open up access to larger numbers of wealthier marks. The scammers lie about the nature of what happens to your money. OneCoin is a perfect example.

But this Forsage, which I would never put a penny into, is a Ponzi "scheme". It is "transparent" to an extent. It is obviously a Ponzi, and there is a smart contract in the blockchain that is not going anywhere no matter what happens. The rules appear to be clear, enforced, and unalterable, even by the original smary contract writer (though I have not examined it in detail, so there may be a flaw that will enable an exit scenario for the founding contract writer.

In terms of making early participants money, I think Forsage absolutely WILL do that. So long as a participant is willing to recruit others into their "downline" (or whatever it's called in Ponzis), they have a chance to make money. But know that the money gained is done so ENTIRELY at the expense of those whom they recruit, and those whom their recruits in turn recruit themselves.

The danger in a quasi-"legitimate" Ponzi "scheme" is: will you be one of the last few generations of participants who don't make money? Given that these crypto Ponzis that are obviously of the "scam" variety can continue unchecked for years, it is not unreasonable to think that this Ponzi "scheme" of only 6 months may stick around long enough that those joining now will not be the participants left holding the bag.

So, technically speaking, so long as you only put in a very small amount of the money you set aside for speculative, high-risk investing, then it might be worth the risk financially. But morally and reputationally, of course, the risk is immense. Since you have to recruit others to join in, knowing they are one level closer to going bust than you are, you are deliberately putting their money at greater risk than yours.

I would never do this, and I would consider anyone who lured others into this to be a bit high on the sociopathic spectrum and undesirable as a friend or associate. But technicallly, literally, it is definitely possible to make some money on this, since the risk for an overarching exit "scam" is not apparent, given the transparent nature of the smart contract.

Then again, you could just as easily bash in some little old lady's head and take her monthly retirement check. Very little difference, morally.

That's just what I said, literally. That's what I hate about it. It's being used for criminal activities making it look like cryptocurrencies are used only for that, and it seems like it's not legitimate. And we all should know that with cryptocurrencies, except the privacy coins, it's pseudo-anonymous.

How do you even reveal an identity? LOL. It depends on what transactions you are going to do but anonymity usually is the best option for everyone, because of the privacy it has. I don't think it would be ideal to reveal your identity to someone over the internet.

There are some few threads that already discussing about Forsage scam.

You can take a look here:

Beware: FORSAGE another scheme (Ponzi)
Forsage.io ponzi scheme [Warning]
Forsage could be the reason why Ethereum gas fees are ridiculously high!
(my thread)
Philippines SEC warns against crypto investment.
SEC WARNS AGAINST FORSAGE, RCashOnline and The Saint John

Forsage should stay away from Ethereum as what Vitalik said. It's just that most newbies and beginners fell for this scam easily.

Because cryptocurrency was being used as a medium of scamming, ponzi scheme or an fraud activities. This is why I as it is being drag always to these activities whether we like or not cryptocurrency is somehow now being called itself scam when which we know that it is not because we have this forum discussing about the problems and issues and we learned it here that cryptocurrency coule never be scam instead is just a medium of scam taking advantage of thr anonymity of the cryptocurrency feature.

It so sad that many people are doing this negatively to cryprocurrency well in fact the purpose of this system is to do a transaction while remain in anonymous to hide identity for those who do not want to identity to be revealed during the transaction. Well revealing an identity is an optional here in cryptocurrency and one can reveal identity if both parties in a certain transaction wanted to.

I read this somewhere in our local forum, I thought this was only popular in our country.
Don't know why it's even considered as altcoin by OP, when can't even find it listed in the https://coinmarketcap.com/ or other platform.

I have a feeling that this is a ponzi scheme, I have friends who posted an invitation in facebook inviting people to invest, so that act looks like it's really a ponzi as I believe they'll earn something when they get some people to invest.

Those whom I know personally who posts in social media before haven't posted anything anymore with what they currently have. They have probably cashed out and said "boo-hoo" to the ones who invested in their "downlines." It's a freaking Ponzi Scheme, and people who get victimized by their closest friends shouldn't be friends with them anymore. They are just spreading false promises to the ones who are gullible enough to invest in it.

What I hate about it most is that the "cryptocurrency" term is getting damaged by getting particular association towards the words "scam" and "Ponzi schemes," which are nowhere near the truth. Cryptocurrency is a revolutionary technology and it's the bad people who tarnishes its name, not the technology.

I agree with you @Gotumoot and I already warned all my friends to avoid this kind of investment if ever someone will invite them to join. Once you search forsage in Facebook, you can see a lot of posts about this scam Ponzi scheme and they will also show the profit that they earned and I don't know if it's really true or not but (I'm sure is not the real profit, they just use it to attract more people to join). Then, one of the posts that I found is they claim the Ethereum was their product and I'm really shocked after reading it. AFAIK, the Forsage is still active and I'm hoping no one here tries to invest in this scam investment. Also, remind all your relatives, friends, and your families so they will not end up on investing money in this Forsage scam.

Even there some ethereum analytics platform that have already marked forsage as a scam. You can also try to see that from the https://ethgasstation.info/ and forsage has already marked as a scam project and it looks like etherscan was also doing it too.

FORSAGE is the evolve form of the classic networking ponzi scheme. Only Uplines benefit from Forsage. No matter how many times they deny that it is not scam, nobody earns without inviting someone. Easy money for the smart contract owner and hope his/her karma kicks in sooner. I saw an ad recently from Forsage that they are going to have some kind of big event. For sure that BIG EVENT is another BIG SCAM to attract more people to join.

Yes, here in our place forsage has been declared by the SEC that it is not registered and no forsage representative had try to reach them out trying to settle their accounts for this. It is actually different claims where Forsage in their marketing strategy is that they are registered and able to show SEC certification after they made the compliance. This good for nothing ponzi scheme company is taking every cents of the people who were motivated to join due to the referral given to those who were able to make from their invites and pay ins after joining their networking scam. This is somehow like the KAPA, ADA, ORGANICO and other scam network investment scheme.

It's 100% Ponzi Scheme because you need to refer, many are promoting it with their affiliate links on it, and the members keep on inviting people just to make sure that there is money coming in, once the money stops coming in, the money stops going out, and then it's the end of the project.

Yes, basically Forsage is a Ponzi scheme! So beware. But it is a glorified Ponzi scheme. Because it is using the Smart contract. But the thing is, like what I'm saying with crypto friends. THis is a new playing field for the MLM companies. MLM companies that will not adopt Smart Contracts will be in the losing end. Why? Who wants to wait for his commissions for weeks if in Smart contract you can have it in a matter of minutes. It's I think a revolution in a way. Vitalik Buterin opened up a Pandora's Box of infinite possibilities. Once it is in the Blockchain, it will be there forever. It is etched on stone. It cannot be changed. So as long as people are buying Forsage you cannot stop it. Because basically it is a play on greed of people. It will just keep on growing and growing. It will never stop unless people stopped believing in it. Or just moved on to new things.

But this is what I can say with that. Definitely, it will usher in the new wave of masses towards crypto. Albeit it bad or good.

Forsage is a typical example of a ponzi scheme which has been around the cryptocurrency atmosphere. Investment packages that aren't realistic in human knowledge are termed ponzi scheme. Forsage is a ponzi scheme because they have been pointed out by their investors as scam project, even warnings were given on this forum too. So many Complaints where around the Facebook about this scheme and the government had already warned her citizens against this ponzi scheme, but, the unfortunate has happened and the scheme had scammed as many as possible on social media.

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.

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.

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.

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.

Most often, in such frauds, only a small number of people benefit, and most are left with nothing.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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! 

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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 .

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.

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.

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

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.

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.

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.

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.

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.

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

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.

I can't believe there are so many warning signs and even tweets from crypto celebrities and people still come to the forum to ask if it is a scam.

Is there not enough legit projects you can invest in that you have to always look for the most shady looking obvious ponzis to put your money in?

Although I don't know much about it, but for you to have the mindset that it is a Ponzi scheme then it is. Nowadays, there are many Ponzi schemes which uses Ethereum as the coin of participation hence deceiving people into thinking they are investing in Ethereum not knowing it is all Ponzi. My candid advice is to hold your Ethereum, as it is the best thing to do; most people finds it hard investing in new altcoins let alone investing in a Ponzi scheme. Therefore hold your Ethereum, if you want to invest in another then look towards Bitcoin.

Buying ETH to keep for long term is better than buying to invest in Forsage in my opinion. Forsage no matter how it appears to look cool is actually ponzi in the real sense, since at some point it will stop paying investors. So many ponzis/mlm are taking advantage of smart contract on Ethereum and Tron blockchain to run scam investments, so be careful what you choose to invest in.

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.

They wouldnt learn if they wont experience such loss.Ive been keep on telling them that this one is a scam but they do continue to invest and trying to invite people for some affiliate commissions which is absurd.
This isnt something new yet we have seen something similar in the past on where locals do make use of crypto just to hide up their true intention and majority of people that doesnt have idea on whats ponzi is all about
will really be the common target of these scams.Its no sense to tell them about ponzi because they would just simply ignore you or worst they would rather bash you on being too negative.
Its really pity for people who do lost huge sums but its actually the consequence for them on being too greedy.What concerns me is that they do drag off crypto's name on this one and when scam happens then
another negative publicity for the market which is bad.

There are already quite a lot of warning threads about forsage ponzi on the forum, it's a scam, when you buy ethereum and store them in your wallet, you have your keys and if you do not give it to scammers, your eth is safe with you and you can make ROI as eth rises. But investing in forsage ponzi is too risky, I know their investment offer sounds good especially for a newbie, but if it's too good to be true, it's a scam. Forsage is a clear ponzi, don't give your coins/keys/control to any platform.

It’s a Ponzi Scheme and will later on become a scam project so be careful since they are claiming that their product is ETH. It’s better to buy ETH directly on the market than to participate on this kind of suspicious investment.

Our SEC issued a warning for this investment scheme, yet people are still joining and inviting I hope they know what they are doing and I hope they will not ended up broke because of this failed investment.

No shortcut at all. Why in the world that you will allow someone to hold your investment, and based from the site, you need to build your group in order to get compensated, a digital type of networking,.

This group are riding with the popularity of eth alluring investors and keep the business alive since there are still participants who thinks that investing to crypto is just easy at it is.


Unknowingly that any moment the system will collapse same with every other Ponzi types of business. We will hear more crying investors once the team start to runaway with their funds..

Why do we need to trust a platform like that?

- Unregulated
- Unregistered
- Unauthorized Solicitations
- Tagged as a Ponzi Scheme
-Typical "Investment Package" offers

..what's more?

Yours to decide. Work wisely to earn.

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

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.

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