Topic: PONZI SCAMS ARE STARTING TO RISE (Read 859 times)
While there will be a lot of gullible people who do not particularly delve into what they invest money - such scams will become more and more. So before you invest in anything, carefully study the project, read the reviews of real people. Don't give your money to liars!
This is a classic example of why people do not trust bitcoin. Someone just blatantly using the name of bitcoin to pull off a fraudulent the projects. I hope that when the people lose trust in similar nonsense.
After bitconnect it shows that people will invest in anything where high returns are proven, even if they know it is a ponzi scam. Newbies of course do not realise or know what a ponzi is so we need to keep these threads alive to ensure scammers are not fed with our coins
All this scammers needs to be dealt with,they are only making bitcoin looks bad as they using it for means of payment,this can't continue,you should info your people over there to stay away from ponzi scheme ,they never have good endings
We should be aware of this and if necessary, we need to tells people to not join in that programs. I am afraid that there will be many people get scam like the old times and they can judge bitcoin and cryptocurrency with the lousy opinion. It was happening before, and I see many people got trauma to come back to bitcoin again, and it will prevent the adoption spreading in many places because people are too afraid to lose their money in cryptocurrency.
There will always be ponzi scheme because people want get rich quick, it's all about being the early bird who makes a profit first and the last one losing, now they have to find away, for this operator to escape without getting caught because of using cryptocurrency.
ponzi scam is always booming in the digital era, like on bitcoin, PayPal, and another digital currency, it uses the people who don't know about Ponzi to join with their schema and trick them
Ponzi sechems are every where in the world. Problem is people are greedy they invest blindly. They never check the earning source just invest seeing fake roi and profits. Another shit is mlm people offer you and invest your thousands dollars to gain few dollars of referal comission which is resulting bad repute of bitcoin. Bitcoin only a payment method.
well they can rise but there is manipulation everywhere you look. Even Trump became president because of manipulation. You must just make sure you ride it correctly. There will always be manipulation in everything and I say be more afraid of the manipulation you are not aware of going on under your nose without you knowing it.
i do not think the era of ponzi schemes can hold water any more in this current generation owing to the recent occurrences in the ponzi scheme industry as they have all proven to be false and fraudulent. this generation is too conscious for such, it can come after this generation and recolonise the people in the next generation without the experience of it.
I believed that Ponzi or whatever you want to called had been with this industry since those scammers discover that they can make a lot of money here because people are too gullible to trust blindly. Specially if someone would offer attractive returns. So the only way to fight them back is not to fall for the trap. Just used your common sense and I'm sure that you will be fine in this market.
People here in the Philippines can easily be fooled in investing money its because of the bigger profit we may get through and since those scammers have an experience about bitcoin, people who don't actually know the flow on how to earn in bitcoin can easily be fooled or as you say it's a trap.
I believed that Ponzi or whatever you want to called had been with this industry since those scammers discover that they can make a lot of money here because people are too gullible to trust blindly. Specially if someone would offer attractive returns. So the only way to fight them back is not to fall for the trap. Just used your common sense and I'm sure that you will be fine in this market.
All these ponzi scheme are not good for the development of the blockchain industry . many are been deceive in time past and lots of victim who uses bitcoin as a mode of payment for this scheme see bitcoin as scam and these set of victims make publication on the social media that people should avoid anything that have to do with bitcoin and blockchain industry . l think is high time we start to educate the public what bitcoin is all about and why is it different from ponzi scheme. this will go a long way if we can achieve this .
I think it's our job to fish them out and make a list of them on here ? At least some members might be saved ,ponzi is like a virus that spreads once the investor got paid from it,for me any high yield investment is red flag
Ponzy scams are to rise with drop of the market as ponzy schemes rise with rise in market and the naive investors are trapped by giving them the false promises of higher returns and money collected as soon as the market drop these scammers pretend for it and money grabbed. Such type of incidents should be stopped by spreading information and education to naive investors it would be better to take initiative at individual level.
Here in the Philippines, there's a rise in ponzi scams by using bitcoin to attract potential victims and it gives bitcoin a bad reputation. Many people are easily fooled by this scams because they are promised of a big return of investment when they invest on some people. I REPEAT, not on bitcoin BUT ON PEOPLE. Here a sample link:
http://www.gmanetwork.com/news/money/content/649487/more-bitcoin-scam-victims-surface-claim-billions-in-losses/story/
#From GMA News Site (Legit News Agency in the Philippines)
I don't know why people are so interested in this ponzi scheme. Even though they are given a lot of benefits without doing much, the end of this scheme is to do a scam. Usually this scheme does not last long.http://www.gmanetwork.com/news/money/content/649487/more-bitcoin-scam-victims-surface-claim-billions-in-losses/story/
#From GMA News Site (Legit News Agency in the Philippines)
People getting interested due to greediness, as this ponzi scheme comes with sugar coated , that this greedy peoples dont see the clear logic behind this scam and just get scammed and then cry of getting scammed.
Here in the Philippines, there's a rise in ponzi scams by using bitcoin to attract potential victims and it gives bitcoin a bad reputation. Many people are easily fooled by this scams because they are promised of a big return of investment when they invest on some people. I REPEAT, not on bitcoin BUT ON PEOPLE. Here a sample link:
http://www.gmanetwork.com/news/money/content/649487/more-bitcoin-scam-victims-surface-claim-billions-in-losses/story/
#From GMA News Site (Legit News Agency in the Philippines)
I don't know why people are so interested in this ponzi scheme. Even though they are given a lot of benefits without doing much, the end of this scheme is to do a scam. Usually this scheme does not last long. http://www.gmanetwork.com/news/money/content/649487/more-bitcoin-scam-victims-surface-claim-billions-in-losses/story/
#From GMA News Site (Legit News Agency in the Philippines)
These Ponzi scheme operators just shift their operation into other countries, when the market gets wind of their actions or when the market gets saturated. Once the influx of new capital are dwindling, they just perform a quick exit strategy and they shift to a new country.
Ponzi schemes need a continuous influx of new capital investments to pay the people who entered the scheme first and once that stops the whole scheme collapse.
Ponzi schemes need a continuous influx of new capital investments to pay the people who entered the scheme first and once that stops the whole scheme collapse.
Here in the Philippines, there's a rise in ponzi scams by using bitcoin to attract potential victims and it gives bitcoin a bad reputation. Many people are easily fooled by this scams because they are promised of a big return of investment when they invest on some people. I REPEAT, not on bitcoin BUT ON PEOPLE. Here a sample link:
http://www.gmanetwork.com/news/money/content/649487/more-bitcoin-scam-victims-surface-claim-billions-in-losses/story/
#From GMA News Site (Legit News Agency in the Philippines)
http://www.gmanetwork.com/news/money/content/649487/more-bitcoin-scam-victims-surface-claim-billions-in-losses/story/
#From GMA News Site (Legit News Agency in the Philippines)
Writers of those articles are ignorant about Bitcoin and blockchain, I am a follower of GMA news agency, they do give us transparent news but when it comes to this kind of news they tend to deceive people about this technology, they are so one-sided.
Here in the Philippines, there's a rise in ponzi scams by using bitcoin to attract potential victims and it gives bitcoin a bad reputation. Many people are easily fooled by this scams because they are promised of a big return of investment when they invest on some people. I REPEAT, not on bitcoin BUT ON PEOPLE. Here a sample link:
http://www.gmanetwork.com/news/money/content/649487/more-bitcoin-scam-victims-surface-claim-billions-in-losses/story/
#From GMA News Site (Legit News Agency in the Philippines)
http://www.gmanetwork.com/news/money/content/649487/more-bitcoin-scam-victims-surface-claim-billions-in-losses/story/
#From GMA News Site (Legit News Agency in the Philippines)
That's a pretty sad story... I guess the victims didn't know that coins.ph doesn't pay "interest"? A few months back I noticed on Facebook there was a flood of groups using variants of the name "Coins.ph Users" and so forth that were all just places where scammers could promote their telegram bots / cloud mining programs / ponzi schemes.. And you had loads of people commenting "Paano?" (how?) or "Still paying?" or "Legit?" It's like no man, none of them are ever "legit." People are tripping over themselves to join up with the next scam. Why can't people learn?
A lot of them have been shut down but new ones pop up in their place every day.
But this isn't only a problem for Philippines, we can find Ponzi all around the globe. Some local friends (in Mexico) told me they were investing in bitcoin, but their broker told them to better invest in OneCoin, he say that's better than bitcoin. If you go to google and search one coin you will see how it's a clear ponzi. Even wikipedia says it. So, the first rule to not fall into ponzi is to understand the easy money doesn't exist.
Sounds like an awful "broker"! How could somebody be a professional money person and not know how to recognize a Ponzi?
Jump to: