Upstake | Bitcointalksearch.org

scambust

legendary

Activity: 1652

Merit: 1007

Quote from: GmBoom on January 26, 2019, 02:30:36 PM

I think you should consider the question, what is its function and how can it be a helpful project towards the community and our environment today. Sorry for asking this, but we must need to be sure that our investment will be on safe hands by a good project.

Sorry, dude. No investment is risk-free, all have zero safe hands. But that's the beauty of it. If a portfolio is minimal in risk, it only means it is already stable, big, or well-known project or company and you can't make a decent profit anymore without doing some leverage trading. Nobody took BTC seriously when it was in pennies - most risky time too to buy them.

Anyway, the Upstake ponzi may blow up one day, unless it dies before the market recovery of crypto.

GmBoom

jr. member

Activity: 322

Merit: 2

I think you should consider the question, what is its function and how can it be a helpful project towards the community and our environment today. Sorry for asking this, but we must need to be sure that our investment will be on safe hands by a good project.

Agarthian

member

Activity: 250

Merit: 10

Quote from: Kemarit on December 29, 2018, 06:59:07 AM

Sorry @Agarthian but I'm with the other posters here. I think this is a classic Ponzi scheme. Usually though if you are in the top of the scheme then obviously we will get a lot of money from the down-line, so that's the opportunity there. Admin support is not a indication that won't disappear, maybe they are just giving some "false hope" that they can be trusted. Anyways, I will continue to watch and see how it goes and goodluck to you. You're still on my radar mate, remember I'm the one who give you your first merit. Grin

Har har thanks m8

I had my doubts as well but I have been with them from ICO

And let me tell you the team is very solid and looking for a longterm future for this project.

You can just take a look at the website. New RoadMap In place ,

Able to see life long buy orders on exchange,

Massive new updates coming soon.

I am in daily touch with the team.

Your opinions are welcome and suggestions and help is appreciated.

Already lots of people have made lots of profits here.

I think crypto needs many projects like these gone are the good old days we made massive profits.

Kemarit

legendary

Activity: 3080

Merit: 1353

Sorry @Agarthian but I'm with the other posters here. I think this is a classic Ponzi scheme. Usually though if you are in the top of the scheme then obviously we will get a lot of money from the down-line, so that's the opportunity there. Admin support is not a indication that won't disappear, maybe they are just giving some "false hope" that they can be trusted. Anyways, I will continue to watch and see how it goes and goodluck to you. You're still on my radar mate, remember I'm the one who give you your first merit. Grin

Agarthian

member

Activity: 250

Merit: 10

Quote from: Whitly on December 27, 2018, 06:38:56 PM

Well, I would say, that's more Scam scheme, than Ponzi.

Where in traditional Ponzi, users getting % from new investments made by new/old users and owners take usually around 5 - 10% from new investments.
In this scheme, owners take 100% of the money in the first round. And then all what they do - just drawing a price of their shittokens. (you won't even get part of your money from owners like in Ponzi example).
And sad news for all users who "invested" and counting their profits - you earned nothing till you didn't sell your tokens to another user (and yep, that's only one way to get money back from this scam scheme).

And here a screen of the situation at their "exchanger" :

So, as you can see there no "buy" orders (all history of huge "buy" orders obviously drawn by owners and totally fake), which means you will never get your money back.

And all that you can do after being fooled to be able to get at least part of your money - fool others, by shilling, with hopes that they will buy some tokens from you.
That's why OP created this thread.

Hope, this post will help people who were thinking about invest in this project or similar make the right choice and stay away.

Yeah its a relatively new project people still want to sell their coins from ICO

The admins are working longterm and introducing new features + online shop.

You can check the market exchange history you will say 7000$ buy 2 days ago much more last week.

I am not trying to shill this project if I didnt feel it was a good opportunity.

The admins are very supportive if they wanted to run away they couldve done so with ICO money no need to stick around.

Whitly

sr. member

Activity: 668

Merit: 255

Well, I would say, that's more Scam scheme, than Ponzi.

Where in traditional Ponzi, users getting % from new investments made by new/old users and owners take usually around 5 - 10% from new investments.
In this scheme, owners take 100% of the money in the first round. And then all what they do - just drawing a price of their shittokens. (you won't even get part of your money from owners like in Ponzi example).
And sad news for all users who "invested" and counting their profits - you earned nothing till you didn't sell your tokens to another user (and yep, that's only one way to get money back from this scam scheme).

And here a screen of the situation at their "exchanger" :

So, as you can see there no "buy" orders (all history of huge "buy" orders obviously drawn by owners and totally fake), which means you will never get your money back.

And all that you can do after being fooled to be able to get at least part of your money - fool others, by shilling, with hopes that they will buy some tokens from you.
That's why OP created this thread.

Hope, this post will help people who were thinking about invest in this project or similar make the right choice and stay away.

coinscribble

jr. member

Activity: 145

Merit: 8

Just read the whitepaper. This is so very obviously a ponzi scheme. Stay away.

Agarthian

member

Activity: 250

Merit: 10

Quote from: joniboini on December 18, 2018, 10:35:36 PM

What's their purpose? What kind of problem they're going to solve? It seems like their proposition is to provide passive income for the users. Sound's like a weak plan for me. And your last sentence makes that project looks like a ponzi.

I'd rather invest in another project.

Invest in what project?

Their " Edge platform or last scentence " Was introduced recently to help people with networks to already make money.

I've been following them since ICO times. The team is very supportive and keeps working towards improvements.

I have seen a 30000$ buy order in one day.

Yesterday they had a 8000$ buy order.

So I think it has a very promising future.

Unlike other coins the value of upstake token always goes up read the white paper it's quite interesting and could be a good way to earn if all the community joins in.

joniboini

legendary

Activity: 2170

Merit: 1789

What's their purpose? What kind of problem they're going to solve? It seems like their proposition is to provide passive income for the users. Sound's like a weak plan for me. And your last sentence makes that project looks like a ponzi.

I'd rather invest in another project.

Agarthian

member

Activity: 250

Merit: 10

I think The Upstake Project has some really good potential for a great future.

What we need is the community to acknowledge it and its potential .

The Support Team has shown again and again that they are here for the long run recently introducing erc-20 tokens updates and many more.

Right now itself there is a great earning opportunity just buy buying and holding UPS or selling edges to your friends or family.

Let me know what you guys think .

At the moment if each person gets 2 people under them only for lifetime we can make alot of money already.

Topic: Upstake (Read 257 times)