Oki , sorry for dumb question but anyone know if
http://cryptodouble.com/ is actually legit?
I don't think there is suck a double your btc. But have someone taked risk on this website or no?
It's "legit" as long as it runs, because websites like this are known as Ponzi's and they always crash at some point. You can make money from it, yes, but a lot of people will money because of it.
In Ponzi schemes, the schemer basically says, "I found a great way to make money fast. The more you give me, the more I can invest in that cause, and the more I can earn for us all." But a Ponzi scheme doesn't actually earn money. Instead, all of the scheme's money comes from the investors.
Once a Ponzi scheme gets too many investors, the system will always crash. This is because the investors all expect more money than they invested, and they will get impatient.
These schemes always stop one of three ways:
1. The schemer runs away with the money they got. This is what schemers try to do.
2. The schemer runs out of money; They will be unable to promise money back right away. This is called liquidity, and makes investors panic and demand their money back, often all at once.
3. Authorities find out about the scheme and stop it.
Source:
Wikipedia
