Stay away from any MLM based on crypto.

s4mp1nt0

full member

Activity: 294

Merit: 100

Quote from: tahmad on January 25, 2018, 01:53:07 PM

Hello,
As we know many last year that MLM is very interested by a lot of people because it's promise a lot of benefit with no hardwork.
The MLM masks is very excessively. And now, they are a lot of parties make MLM system with crypto in their mask. The most easily characteristic of MLM based on crypto we can identify is one, it promising a big return capital of your investation with no logic.
In my country, this scheme are growth with consortium, so they gather a lot of people who common in crypto and then gather the money to invest in crypto MLM project with big capital return they expect.

I mention MLM because it will help the new participants in crypto will understanding this.
Love your money Wink

we all know that MLM scheme is a scam scheme. don't fall for that kind of program. fast money is most likely a scam.
too good to be true

Dany44

member

Activity: 290

Merit: 15

the worst thing about MLM participants is that they do only know what is the right way to live, earn money, invest, and etc

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HongKong

hero member

Activity: 812

Merit: 500

Quote from: Beatridge on February 09, 2018, 06:02:49 AM

Quote from: Saisher on February 05, 2018, 06:29:03 AM

Bitconnectcoin is very notorious on this, they have scammed thousands of millions of millions worth of dollars, their cycle is very shortlived from now on people should learn that MLM and cryptocurrency will not go together, even if defend it as profitable.

Bitconnect was a scam, everyone knows it, but it does not mean that all mlm projects are scam. The majority of ICOs uses afilliate/referral system just to promote their project - it doesn't make them a scam

I am not against MLM's as well though it's hard to say that not all of them are bad when 99 percent of the MLM's are scams lol.

NH

sr. member

Activity: 422

Merit: 250

many people join mlm to reach top place. but your place will always in earth, not in sky.
mlm is how to circulate money without capital but still earn profit. take money from subordinate and it will always go on.
for developer its profitable, for they are that come is bad

cheezcarls

hero member

Activity: 2282

Merit: 659

Looking for gigs

I honestly agree about your opinion regarding MLM-based cryptocurrencies such as Bitconnect, USI-TECH, etc. My uncle tried to invite me to USI-TECH, but I refused because it's binary structure where you can earn 1% daily for 5 working days for a period of 120 days.

I am not against MLMs (because not all are bad) , I'm just against their scheme on deceiving investors or using Ponzi type strategies.

Minor Miner

legendary

Activity: 2478

Merit: 1020

Be A Digital Miner

It's pretty strange but many common people believe that crypto = MLM. Sometimes yes, it really is. But mostly it is not. From the very beginning of my crypto path I avoid such kind of shitty projects and I also advice to everyone to do the same. To be honest many even pretty good and honest bloggers with a lot of followers use MLM projects to earn a huge amount of money Undecided

Beatridge

newbie

Activity: 80

Merit: 0

Quote from: Saisher on February 05, 2018, 06:29:03 AM

Bitconnectcoin is very notorious on this, they have scammed thousands of millions of millions worth of dollars, their cycle is very shortlived from now on people should learn that MLM and cryptocurrency will not go together, even if defend it as profitable.

Bitconnect was a scam, everyone knows it, but it does not mean that all mlm projects are scam. The majority of ICOs uses afilliate/referral system just to promote their project - it doesn't make them a scam

Saisher

full member

Activity: 2324

Merit: 175

Bitconnectcoin is very notorious on this, they have scammed thousands of millions of millions worth of dollars, their cycle is very shortlived from now on people should learn that MLM and cryptocurrency will not go together, even if defend it as profitable.

snowbubble

newbie

Activity: 140

Merit: 0

MLM is good for few people who got big affiliate network and bring like hundred of people to project and receive profit, yes its not ethic, but they dont care and earn money.

Beatridge

newbie

Activity: 80

Merit: 0

I'm wondering if there are any profitable mlm schemes at all?

tahmad

member

Activity: 252

Merit: 14

Quote from: Lemer on January 26, 2018, 11:33:02 AM

Most of the time, these investors know it's a ponzi scheme.
But they still don't think they're the last players, so they can profit from it, it's a stupid idea, so they don't deserve our sympathy.

Yeah bro, that's very greedy. Invest their money that they are only think the profits, not the risks. That's why no one sympathy

Lemer

member

Activity: 139

Merit: 10

Most of the time, these investors know it's a ponzi scheme.
But they still don't think they're the last players, so they can profit from it, it's a stupid idea, so they don't deserve our sympathy.

tahmad

member

Activity: 252

Merit: 14

Quote from: BitCare on January 26, 2018, 05:23:26 AM

Oh, my friend participate in such company... He invested $ 1000 and call everyone hr knows to offer "the best deal and chance to become rich within short period of time". But even he has been participating since 2017 and bussines isn't going good)

All they do - trying to attract persons that want fast and easy money. But to earn something you should invite your friends or relatives, who will invest and do the same...

I believe that your friend now has pursued by a lot of people (his/her downlines).
It only give short advantage, but in long time it will be so bad for ourselves.

tahmad

member

Activity: 252

Merit: 14

Quote from: prince05 on January 26, 2018, 06:07:39 AM

MLM is just good for early start-ups. A lot of people also made some money with MLM based crypto. If you choose to join an MLM based crypto you have to make sure you are one of the first start-ups then once you reach ROI, be ready to pack up your bags and leave. No MLM / HYIP / Pyramiding schemes that are successful based on what was promised. Only those people who started early will enjoy it's benefits but once a number of people will join already it becomes very dangerous and in any second it can go bankrupt. As we all know MLM based cyptos are just dependent on the investment of the new joiner that you have invited. If you are the type of person who is not good in convincing people better not join this kind of scheme you will just loose money in the long run.

Yes, the best way if we still want to participate in this scheme is 'hit and run' trick. We must know that we are the first, predict how long it will be, and then find some downline. After we feel enough with profit that we receive, pack up and leave that project.
But, this is very evil, cause we disadvantageous our downline. I'm still not recommend this action.

Vit83

full member

Activity: 644

Merit: 100

You must be able to leave MLM project at any moment. If they don't give u the ability to leave project this is scam 100%. It is the same like crypto someone earn money when someone greedy buying at the higher price.

topesis

hero member

Activity: 630

Merit: 500

They are all Ponzi scheme, those people that fall victim of these are the greed ones. Just look at what happen to all these lending platform where in the world are you going to be paid that much for lending out your tokens, I know for a fact they are going to evolved into something else and some people will still join them

smyslov

sr. member

Activity: 2030

Merit: 269

Cryptocurrency is a new technology but gets tarnished by these mlm and referral based program like hyip all crypto currency holders should understand that this two cannot go together because there is no chargeback and cryptocurrency is decentralized

prince05

member

Activity: 126

Merit: 21

MLM is just good for early start-ups. A lot of people also made some money with MLM based crypto. If you choose to join an MLM based crypto you have to make sure you are one of the first start-ups then once you reach ROI, be ready to pack up your bags and leave. No MLM / HYIP / Pyramiding schemes that are successful based on what was promised. Only those people who started early will enjoy it's benefits but once a number of people will join already it becomes very dangerous and in any second it can go bankrupt. As we all know MLM based cyptos are just dependent on the investment of the new joiner that you have invited. If you are the type of person who is not good in convincing people better not join this kind of scheme you will just loose money in the long run.

zenrol28

copper member

Activity: 882

Merit: 110

Always keep in mind that investing in cryptocurrency is not a get-rich-right-away program. It takes knowledge, time and most of all, patience. Don't just get carried away by those who offers huge gains in a short span of time. Always take a second thought before investing into. You might get caught on some schemes and lose your hard earned money.

uylvlprx

newbie

Activity: 66

Merit: 0

Quote from: rzluetlhch on January 26, 2018, 05:31:05 AM

Some even go public on some small exchanges. Liar also used a lot of means. We still have to be careful choice of items.

This is really bad. A newcomer like me may be deceived. It seems I also need to know more knowledge and information.

Topic: Stay away from any MLM based on crypto. (Read 227 times)