Topic: Polish-registered recyclix.com is a Ponzi scheme and provably so. - page 27. (Read 95492 times)

As i know it is impossible. From my calculations:
With 20 euros, from every cycle you earn 2,8 e * 4 cycles it is only 11,2 euro
To earn 20 euros (min to withdraw) from bonus (20 euro) you need at least 8 cycles.

Explain how you did it?

Says the guy who is selling HYIP/Doubler ponzi scam scripts.

GTFO.

Earned from bonus €20 only. Had to make 4 cycles and then sell to get this. But without depositing, when you withdraw via wire option,you need to submit ID proof.

Did you invest in this service, or you earn that from bonus?

Its a legit established company. And yes, you need a deposit to withdraw other than wire. If you have no deposits, you can withdraw via wire by submitting ID proof to get your €20
Here's my proof :
https://i.imgur.com/yik3hgM.jpg

And

https://i.imgur.com/M1KCtCn.jpg

its a ponzi . they send with different paypal accounts. if i knew how to do a screenshot . i would add it

There is little point attending what will simply be a promotional booth for their ponzi scheme.

From Recyclix website:

...


Is there anyone from Riga or neighborhoods?

Tried to withdrawl 21.80 euros via Bitcoin, but they didn't let me do it. Bitcoin withdrawl only allowed for users that have active deposits. They give us 20 euros in the beggining to start recycling, i did some cycles and now can't cashout...

I think it's just a trap, you need to invest money from your pocket to withdrawl, i don't know if worth risk on it...

Дoxoд cocтaвляeт 14% oт дeпoзитa зa 35 днeй.

Payout - Recyclix:
Transaction: 19082c4c1b94299a027c24c706b7876cd268e6b53d4af75ea8730d11a30d8dd8
Payment system: Bitcoin (BTC)
Amount: 0.06386063 BTC = 26.54 USD or 24 EURO - Instant
Withdraw to: 3CkdEsJewqiETMw5saWNT61c8jXqPgwr3r
Date: 2016-03-12 06:38:41

Total purchased Waste: 2100 Kg = 420 EURO or 1 BTC




Manual automation control ENG:
- To properly invest money go to the MEMBER'S AREA;
- Press BUY - WASTE put the number of 100 kg = 20 € ;
- Edit profile --> Restart automatically and take profit --> SAVE
- That's all, have only to withdraw.

Инcтpyкция PУC aвтoмaтизaция yпpaвлeния:
- Чтoбы пpaвильнo влoжить дeньги пepexoдитe в paздeл ЛИЧHЫЙ КAБИHET;
- Haжимaeтe КУПИTЬ - OTXOДЫ cтaвим кoличecтвo 100 kg = 20 eвpo;
- Peдaктиpoвaть пpoфиль --> Aвтoмaтичecки нaчинaть зaнoвo и пoлyчaть пpибыль --> COXPAHИTЬ;
- Ha этoм вce, ocтaлocь тoлькo вывecти.

I hope it goes well for you, but if they won't let you withdraw your profit, via PayPal, as they did me, that makes it very difficult to determine if they are legit. I knew they were (as far as I was concerned), because they did, but I was worried they might not.  And I figured, at the worst, it was a waste of time, but not money.

If they won't let you withdraw your profit via PayPal, then just consider it a waste of your time and we'll classify it as a scam operation from now on. However, if they DO let you withdraw your profit, via PayPal, as they did me, consider investing your own 20 Euro, in addition to your 20 Euro profit (40 Euro total), and let others know how it went.

Every legit avenue of income should be considered. We all can use more of "the green" (money) to buy life's necessities with, no? :-D

Ok. We will see..

Yes, they offer 20 Euros. I registered today and i got it. Let see how it will go..

I only used their 20 Euro.  I'm not sure how/why I was able to get my payment via PayPal. I only know that's how I got it through.  It is possible they allowed that, before, but realized it was a loophole, so they closed it.  Do they even still offer the free 20 Euros anymore?

If in the rules it says:


How you was able to withdraw by PayPal?

Did you make deposit?

You get the ROI after 3 full cycles (3 x 35 days = 105 days). I know I'm a little biased but I still can't see it as a ponzi, it's way too slow and the return isn't so exceptional to be unsustainable through the ordinary purchase of waste and sale of granules...
Anyway, ponzi or not, I like the idea behind their business... Come what may

So it means that to get ROI from there you need "3 full cycles" what is 3x35 days = 105 days, or 3x21days = 63 days?

Anyway as we know it is Ponzi, so everyone should to know consequences. But if this way is working, i will try, just to take them this 20 euros.

Let me add in my own $0.02USD worth.

I "invested", using their 20 Euros (FREE money, why not?).  Bought the waste and waited (is it 21 days?) for the first cycle to finish.  Then continued, to the second stage, which runs another 14 days, I believe, for a total of 35 day, as I recall.  When that was finished, I could only repeat the cycle, because their minimum withdrawal is 20 Euro and you CAN'T withdraw invested money, only profit from recycling.

After about 3 of these full cycles, I finally had about 21 Euro in profit.  At which point, I cashed out.  I was unable to send directly to my BTC address (why, I don't know), so I used my PayPal account info.  A few days later, I had $23.00USD!!!  Going from Euro -> USD, you make MORE money, but you have to spend more USD to get less Euro. :-(

So, in summary, I can verify they did work for me, but the amount of time it takes is MONTHS (based on 20 Euro investment).  I believe if you invested 200 Euro, you could get 20Euro every full cycle, which would be nice, but it would take 10 full cycles (35 days x 10 = 350 days (a little under a YEAR!)) to get your investment back.  And that would only be breaking even!  Thus, if you reinvested every full cycle's profit, you would get more and more every full cycle, because your $20 reinvests are making their own profit, added to the 20 Euro you're making from your 200 Euro investment.

At least, that's if my math worked out correctly.  Seemed like it might be an interesting prospect, but... I haven't gone back, because I had my doubts as to how long it would last.  The site is very poorly (i.e. unprofessionally) presented, with cheap sketches for images, like a teenager drew them or something.

If they are still operating (any HYIP Monitor sites tracking them?), and paying, it might be worthwhile to invest and work with them. That's my thought.  If I had $200USD I had no better use for, I think I'd do it. I've lost hundreds of dollars in my educational journey from 2013 (when I first found out about Bitcoin and started mining Litecoin) to today (having invested hundreds into several coins that all fell in value horribly - Rule #1... never think you can become wealthy by buying 1M of a coin that you only paid $75-$100 or so for... just isn't gonna happen.  Bitcoin was, and still is, the ONLY one that happened with).

I'm lucky to find sites like Bitcoin Doubler (btc2x.com) that has doubled my Doge from 100 to the 4,114 Doge I just reinvested.  I figure, if they go belly up, it was never my money to begin with (not even the 100 Doge, which came from Moon Dogecoin).  But as long as they keep going, I'm gonna keep reinvesting a portion of the Doge I get back.  It's FREE money, why not?

I also have $35 in BTC over at Ore-Mine (all free Faucet money, too; earning 2.32%/mo) and about $15 over at Poloniex (I'm lending CLAM and Factom right now).  So, instead of risking YOUR money, risk OTHER people's money!  From faucets and such.  Just got over $8 from Bonus Bitcoin, before they changed their plan... it was a fun ride... 5% on my balance and I had over 1M Satoshi I was getting 5%/day from!  Whoo-hoo!

Bottom line... never invest/risk any money you can't afford to lose.  Because, a day may come... when you WILL lose it.

That is valuable information and I thank you for the update on this site and the ones who run it.
There are a lot of people, usually new members asking about this site and if it is for real. When a site promises to give 20 euros for free (in 5 months) without doing anything. You know that something bad is going to happen.
Now this confirms it for all too see. Commended for your searching for the truth as always Gleb.

Thanks . I wasn't gonna invest in there anyway.

The numbers do not make sense because the entire operation is a fraud scheme for which the sole purpose is to take your money and put it in the fraudster's pockets.

Glad I could clear that up for you.