Topic: Scrypt.CC | Scrypt Cloud Mining - page 389. (Read 750572 times)

i cant afford

how did you know that the money that I thought was profit we're actually taken/stolen from unsuspecting newbies?
is this based on facts or opinion?

What is a Ponzi scheme?
A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk. In many Ponzi schemes, the fraudsters focus on attracting new money to make promised payments to earlier-stage investors to create the false appearance that investors are profiting from a legitimate business.

Why do Ponzi schemes collapse?
With little or no legitimate earnings, Ponzi schemes require a consistent flow of money from new investors to continue. Ponzi schemes tend to collapse when it becomes difficult to recruit new investors or when a large number of investors ask to cash out.

How did Ponzi schemes get their name?
The schemes are named after Charles Ponzi, who duped thousands of New England residents into investing in a postage stamp speculation scheme back in the 1920s. At a time when the annual interest rate for bank accounts was five percent, Ponzi promised investors that he could provide a 50% return in just 90 days. Ponzi initially bought a small number of international mail coupons in support of his scheme, but quickly switched to using incoming funds from new investors to pay purported returns to earlier investors.

What are some Ponzi scheme "red flags"?
Many Ponzi schemes share common characteristics. Look for these warning signs:

High investment returns with little or no risk. Every investment carries some degree of risk, and investments yielding higher returns typically involve more risk. Be highly suspicious of any "guaranteed" investment opportunity.

Overly consistent returns. Investment values tend to go up and down over time, especially those offering potentially high returns. Be suspect of an investment that continues to generate regular, positive returns regardless of overall market conditions.

Unregistered investments. Ponzi schemes typically involve investments that have not been registered with the SEC or with state regulators. Registration is important because it provides investors with access to key information about the company's management, products, services, and finances.

Unlicensed sellers. Federal and state securities laws require investment professionals and their firms to be licensed or registered. Most Ponzi schemes involve unlicensed individuals or unregistered firms.

Secretive and/or complex strategies. Avoiding investments you do not understand, or for which you cannot get complete information, is a good rule of thumb.

Issues with paperwork. Do not accept excuses regarding why you cannot review information about an investment in writing. Also, account statement errors and inconsistencies may be signs that funds are not being invested as promised.

Difficulty receiving payments. Be suspicious if you do not receive a payment or have difficulty cashing out your investment. Keep in mind that Ponzi scheme promoters routinely encourage participants to "roll over" investments and sometimes promise returns offering even higher returns on the amount rolled over.

So now you've covered your initial 'investment', which you have withdrawn and not simply refunded your scrypt.cc account with, you are happy to have money be taken from the funds paid in by newer victims of this fraud in order for you to be given some paltry equivalent to 'hush money'?

BTW, you are only going to make a profit if you actually get to withdraw to your own wallet and keep it.

The whole point of 're-invest' is to encourage greed to drive people to keep their 'profit' going back into the system.

Are you happy with the idea of your profit being stolen from unsuspecting newbies?

This whole mantra of, "Only invest what you can afford to lose", is to be found repeatedly throughout the multiple ponzi schemes currently running in 'cloud mining', as well as their 'cmmonitor' website. For one it affords the criminals running them to feel like they aren't so bad because they are stealing money people can afford to lose because, after all, they told their victims not to send them anything they couldn't afford to lose.

It also serves as a way to try and frame the 'investment' as equal to a gamble, even though a fair gamble is only when everybody participating knows what game they are playing.

It isn't an investment, it isn't a gamble, it is criminal fraud. Your continued participation of which is essential for it to be able to survive and suck in more victims until the perpetrators of the scam decide to pull the plug when they figure they have squeezed the maximum out of everybody.

And they will pull the plug eventually because at some point they won't be able to recruit enough new victims to satisfactorily cover the withdrawals being requested by a percentage of the existing ones and when that happens . . .

So, I guess you're against exchanges too? Anyone who turns a profit there, does it on the back of someone who loses...

I get and respect all points made about scrypt.cc not mining.
But turning this into a guilt-trip is pathetic.

Are you happy with the idea of your profit being stolen from unsuspecting newbies?

this site puts money in my pocket so and I already reached ROI so i'm fine with it now  

Anyone have thoughts as to what will happen when the ltc rewards halves in a couple of months.  Won't rewards drastically go down?

i cant afford

i cant afford

Can you afford to lose $500 to $1000?

is this site secure to invest 500$ to 1000$ ??please advice

So your theory is that this is just one huge fractional reserve operation he's got going on?