Will you invest in a MLM scam in early stage? - page 20.

pitham1

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Quote from: lordquanta on February 09, 2017, 03:35:35 AM

Here is a interesting, hypothetical situation. What will you do if there is a MLM scam going on and it is in early stage. It is assuring 10% monthly return in bitcoins (of course it has that referral bonus part as well but it is optional, you don't need referral as you are getting 10% on your investment.). B'cause of it's early stage, people are investing happily and getting returns monthly. In short equation of incoming source money > outgoing money. By looking at situation, let's say this scam/scheme will go on two more year. There are some people who rip benefits from these kind of scams/schemes as they invest very early and in large chunk.

Will you invest in such scheme well before it vanishes with bitcoins/money?

I don't think it is ever possible to say when a scheme will fold; much less that it will last another year. Schemes which receive inflows today might not receive inflows tomorrow. I am by nature a risk-averse person, and I won't invest.

dothebeats

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Yep, I'd gladly do it, provided that I wouldn't let these other people know who I am but on the other hand, no one in that scheme really wins, just those ones who were right there since the beginning or infancy of the said scheme. If I see some opportunity/profit on that particular venture then yes I would take it.

audaciousbeing

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Determining what the early stage is will be dependent on knowing when the closing date will be because without knowing that, no one can really know when it will end except for the adminstrators. I have seen a site that started scamming after five days and I have seen one that started after one year so for me, I wont bother to invest because any where I keep my money, I should be able to sleep with two eyes closed.

bitgoldpanther1978

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NO way, even the advantage is in me because for being on the upline of those next investors. I don't want to support the soon-to-be scam. That's the reality and how MLM works for sure many will be upset on it lately. And as early as I can do, I am not going to put myself in a deep hole that can lead to everyone's frustration.

Of course everybody don't like that to be happen, and most mlm are true scummy, they have great speakers, which great in conversing to anyone and have high of convincing power to influence others. So if ever there is coins here that will be connect into mlm, I'd rather ignore them and refuse.

severaldetails

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A scam is a scam.
No matter in what level you enter it, somebody always has to pay.
And even if I would be one of the lucky few who would make profit, many other people would have to pay for that.
That's why I would never join such a thing.

South Park

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Quote from: Reid on February 09, 2017, 10:44:19 AM

Still scary.

I am so out of this. I dont know why but it really got a bad reputation to me. Look, you need to be sure that they will be staying for a year for ROI and every month you will be thinking "What if this is the last?". That is just so stressful man. I dont want to stress myself thinking of it always if it will go left or still go on the right direction considering my money is in their pockets and anytime they could run away. Sad

This is a nice point of consideration, even if you profited from it the stress you will have every month makes it not worthwhile in my particular opinion since you will always be worried of what it may happen with your money if the HYIP decides to finally run away with your money.

jeraldskie11

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The MLM or multi-level marketing is not a simple job. It is an recruitment of people to join in this site and it is factorized. There is an upline and downline. If you have recruited a person he will becomes your downline, in that way you earn. So if your good in entertaining people, you are exact to invest in MLM in early stage and because I doesn't have that kind of skill, I will don't invest into it.

lordquanta

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Quote from: Pettuh4 on February 10, 2017, 07:43:11 AM

Quote from: lordquanta on February 09, 2017, 03:35:35 AM

Here is a interesting, hypothetical situation. What will you do if there is a MLM scam going on and it is in early stage. It is assuring 10% monthly return in bitcoins (of course it has that referral bonus part as well but it is optional, you don't need referral as you are getting 10% on your investment.). B'cause of it's early stage, people are investing happily and getting returns monthly. In short equation of incoming source money > outgoing money. By looking at situation, let's say this scam/scheme will go on two more year. There are some people who rip benefits from these kind of scams/schemes as they invest very early and in large chunk.

Will you invest in such scheme well before it vanishes with bitcoins/money?

It's a scam and I don't normally mix scam with investment because they are not meant to be together but if you will push me to the wall I will just try to determine the stage of the NLM; is it at the beginning, middle or end stage? It's very difficult to find out the stage but if it's at the beginning then the risk will be less so I can invest else forget you won't get me to invest.

You don't mix scam with investment but naive n greedy people do. When person is desperate, naive and greedy that person enters into the denial mode. If he/she enters in MLM scheme early stage they will vehemently defend the scam/scheme. As they are getting returns regularly. They will always advertise based on regular payments. There is lot of illiteracy about bitcoin in many countries. many People from IT world are also ignorant about it. These mlm promoters take advantage of this situation to promote.

Pettuh4

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Quote from: lordquanta on February 09, 2017, 03:35:35 AM

Here is a interesting, hypothetical situation. What will you do if there is a MLM scam going on and it is in early stage. It is assuring 10% monthly return in bitcoins (of course it has that referral bonus part as well but it is optional, you don't need referral as you are getting 10% on your investment.). B'cause of it's early stage, people are investing happily and getting returns monthly. In short equation of incoming source money > outgoing money. By looking at situation, let's say this scam/scheme will go on two more year. There are some people who rip benefits from these kind of scams/schemes as they invest very early and in large chunk.

Will you invest in such scheme well before it vanishes with bitcoins/money?

It's a scam and I don't normally mix scam with investment because they are not meant to be together but if you will push me to the wall I will just try to determine the stage of the NLM; is it at the beginning, middle or end stage? It's very difficult to find out the stage but if it's at the beginning then the risk will be less so I can invest else forget you won't get me to invest.

X-ray

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No, if it will go on more than two-year and I guess it's just a speculation and you do not know about it in the future.

I'll never try to take a high risk for my money. For entirely I will stay away. It's so terrible to put some of my money in there and looks like i just try to give a free loan for the scammer.

RealPhotoshoper

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Quote from: joshy23 on February 10, 2017, 04:15:31 AM

I will not invest in an MLM even if I know that I will earn if I join in it in an early stage. If you ever refer someone down the line and later on the MLM company closes, they will put the blame on you for sure and would possible strain your relationship with someone specially if you refer your friends or families and they invest on it then loses the money in the long run.

You seems have a lot of experience on something like HYIP and MLM isn't it? Cheesy

It was the dumbest idea to do invest on 100% guaranteed scam services , never try even for once.
It is dirty business and i guess people nowadays smart enough to avoid this kind services.

lordquanta

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Quote from: talkbitcoin on February 09, 2017, 06:06:07 AM

Quote from: lordquanta on February 09, 2017, 03:35:35 AM

Here is a interesting, hypothetical situation. What will you do if there is a MLM scam going on and it is in early stage. It is assuring 10% monthly return in bitcoins (of course it has that referral bonus part as well but it is optional, you don't need referral as you are getting 10% on your investment.). B'cause of it's early stage, people are investing happily and getting returns monthly. In short equation of incoming source money > outgoing money. By looking at situation, let's say this scam/scheme will go on two more year. There are some people who rip benefits from these kind of scams/schemes as they invest very early and in large chunk.

Will you invest in such scheme well before it vanishes with bitcoins/money?

your question doesn't make any sense, you are saying it yourself "it is a scam" then you say would you invest in a scam. if you didn't know it is a scam then it was a different story.

and this is what will happen no matter if you go in early or late.
you go in and invest some amount, they they start paying you some profit and before you reach ROI they run away and if you request withdrawal before they run away and you reach ROI they deny your request. simple as that you lose both ways.

if you go in early you lose small amount, if you in late you lose more. in both cases it ends with loss.

Incorrect, if you join MLM in early stage, you'll get your investment back with profit. Because these kind of schemes/scams last at least for 1year/2year and with 10% per month, your investment is returned at 10th month and next two or more months is all profit. Thus time to join MLM is very very important. If you join MLM at later stage, loss is inevitable.
The reason I said it is a scam, because I've figured out that scheme as scam. People who are investing or have invested tried to convince me had false information about bitcoin mining. They are believing in any cock and bull story told by senior leaders/promoters.

lordquanta

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I'm really happy to see people are reacting positively with their conscience at right place. The MLM scam/scheme i was talking about was bitcoin cloud mining where ~10% monthly return on investment was guaranteed. It is open secret now that bitcoin mining is NOT profitable anymore to handover 10% profit per month. Thus for me it was obvious that these profits or 10% return must be coming from somewhere else that is fresh investments from users who are reinvesting. It would run till fresh income is greater than outgoing expense. Those who are still investing in cloud mining MLM scheme (for them it is a get rich fast scheme and not scam) its golden opportunity which will last for two/three years.

lordquanta

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Quote from: webtricks on February 09, 2017, 10:22:45 AM

Quote from: lordquanta on February 09, 2017, 03:35:35 AM

Here is a interesting, hypothetical situation. What will you do if there is a MLM scam going on and it is in early stage. It is assuring 10% monthly return in bitcoins (of course it has that referral bonus part as well but it is optional, you don't need referral as you are getting 10% on your investment.). B'cause of it's early stage, people are investing happily and getting returns monthly. In short equation of incoming source money > outgoing money. By looking at situation, let's say this scam/scheme will go on two more year. There are some people who rip benefits from these kind of scams/schemes as they invest very early and in large chunk.

Will you invest in such scheme well before it vanishes with bitcoins/money?

The scheme you indicating is not consider MLM. It is a type of HYIP or Ponzi. MLM refers to Multi-level marketing and consider legit by some people. It has all to do with referrals. Now coming to HYIPs, yeah! there has been a significant rise in their number over last year. Main reason is people's greed to get more and more. Mahatma Gandhi had better said-
"There is enough to satisfy human needs but not greed."
These HYIPs' owners, I would better say Web Serial Scammers took advantage of this human aspect and make big money.
Another aspect is unawareness among people. They think such opportunities are legit to increase their Bitcoin!
However, if someone ask me, I completely reject investing them regardless of time.

Nope, it is not pure HYIP product. It is borderline HYIP but certainly not ponzi. Because in ponzi there is no product involved, investor invest only money and get high returns. That is why many scammers turned to cloud mining. By the way any MLM scheme (pyramid) where you need to get two or more people to earn more is nothing but scam. It is consider as legit who are part of MLM only.

joshy23

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I will not invest in an MLM even if I know that I will earn if I join in it in an early stage. If you ever refer someone down the line and later on the MLM company closes, they will put the blame on you for sure and would possible strain your relationship with someone specially if you refer your friends or families and they invest on it then loses the money in the long run.

bravehearth0319

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Quote from: rickadone on February 09, 2017, 05:55:32 PM

Quote from: LeGaulois on February 09, 2017, 05:16:23 PM

No i won't for simple reasons, MLM is not allowed in my country and it can get you serious problems with the justice.
Secondly, you are just stealing money from the people who joined after you as you are paid with their money. You are using people to get you a profit on their back. And finally i don't like MLM, legit or scam

MLM is not legal in your country ? It is a news for me. Even gambling is not allowed in my country, I have seen networking and mlm schemes are popular in my country but I heard they are highly regulated. Even it is legal in my country personally I do not prefer working on them as my down-lines will blame me for just introducing them when they are not getting ROI.

For me not all MLM are are stealing money from the people who joined. MLM is good only for direct selling concept which you are selling goods that are consumables. But MLM in online system I'm against with it, Because most of it are true scummy, especially in crypto currency there is coins at touched by the MLM system. I'm not in favor with it. They're usually run away in the end.

acroman08

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Even if it's guaranteed that my investment will be doubled and be returned in one month? still no!
Participating in a scheme that you think has a high chance of being a scam makes you a scammer too, it doesn't matter if you
didn't scam the members literally you still made the scam possible by investing and by doing that the site will gain trusts
thus making the scam a lot easier.

nydiacaskey01

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If in day 1 you know that it's already a scam why invest? I wouldn't waste my time and effort in joining those scams (ponzi or pyramiding) because I don't want anyone to fall for it. The reason why this kind of scams survives is there are people willing to invest and willing to recruit people even when they know that eventually this business will collapse. My answer is NO.

Zadicar

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Answers on these type of question would really be different because there are people who are greedy on money and dont mind that they do earn money from other peoples money which is mainly happening on a mlm scam.For me i wont do it no matter what because i do have a pride on not making advantage among other people.

BeGoods

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Quote from: RoommateAgreement on February 10, 2017, 12:11:22 AM

when you know something is a "scam" and it is clear for you then you must stay away, and not try to find a way to go around them and make profit because that is never going to be possible. you will end up losing trying to scam the scammers but they are the one holding your money an who runs away with it, you can never do anything about it.

I think it could be the first threat to the users, I know it could have been profitable but the scam is a major risk. and you should know it
but it's up to you to play hyip, MLM, or the like. First you should know the risks.

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