Will you invest in a MLM scam in early stage? - page 22.

soul-impact

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Quote from: BrewMaster on February 09, 2017, 10:55:38 AM

if someday i decided to take ridiculous risks and in other words to gamble with my precious bitcoins then i would go to a proper casino and take some risks there.

i would never in a million years hand over my precious bitcoins to a scammer to take them and run away.

Yeah that is true. I will never ever deposit my money in the MLM even if I am the early stage member. The system is only created to steal other people money and it is not right to support it. I would rather spend my money to trade or to gamble. It will be much fun and if I am lucky enough, I can win some money from them

chaser15

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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?

100% NO even I know that it will become scam someday (that's obvious isn't it?)

Why? No such thing as early stage since scam may happen even at early stage. Imagine lots of money was injected to this MLM thing on just a first day, so on for 2nd and third etc. Those greedy owners will think of shutting down the site quick so that they can operate again another scheme and another fraud activity to scam users.

mrjoy15

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Not at all.I'm pretty lucky to much avoid those kind of business policy or fortunate got have quite knowledge in my early stage.Beware this MLM puzzle surely ponzi scheme.In a pyramid scheme, money from new participants is used to pay,just look like risky in beginning.You are investing in a pyramid scheme,so beware that kind of scheme.

choppork

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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?

Investing in an MLM and then referring other people to it would be like scamming them as well. You are part of the scam since you're well aware that the whole thing is a scam. I can't believe how these people sleep at night knowing that the money they used to buy food, shelter and clothing came from scamming other people.

I really can't comment on the "by looking at the situation, it will go on for two more years." How did you come up with that? Scams like this can run away at any given time. They don't care about you and they made the whole thing look like it would go on for a long time so they can attract more people.

There are other ways to earn money and I'm not desperate enough to do such thing. I wouldn't risk my money to a well-known scam that's been going on for years already.

BrewMaster

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There is trouble abrewing

if someday i decided to take ridiculous risks and in other words to gamble with my precious bitcoins then i would go to a proper casino and take some risks there.

i would never in a million years hand over my precious bitcoins to a scammer to take them and run away.

JC btc

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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

That is why we should always be careful with what we are entering to. I am done with those networking or MLM, hyip or whatever scam is that, I don't want to be involve with them anymore, I am happy with what I am earning right now through the use of bitcoin. MLM is like hyip they are just profitable if you are pioneer or at early year after that nothing at all, they would just disappear and change their name.

Qartersa

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In my opinion, I would not invest in any sort of scam. It propagates more of them as you are supporting them and encouraging them to make some more scams. Why not let's all just stop supporting them and so that they would just waste their money and time doing it. And if that happens, they will stop too and never try again.

Reid

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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

Huge Black Woman

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This all is like axin' if' I'd like ta git cancer at'n early stage. Yeh it might work out, but chainces is, you be fucked inna end.

webtricks

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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?

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.

JC btc

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Honestly speaking, I did join MLM last 7 years ago, since it is my first time at first I am so excited since the person who invited me really earns a lot of money, and wanted to be like him, so I also join in just 60$ and just to buy every month of their product so I can earn points as well as to invite friends and relatives too. But, I stop it after 6 months, maybe the luck for MLM is not for me.

Hazir

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Quote from: d@nte on February 09, 2017, 09:21:56 AM

Quote from: GreenBits on February 09, 2017, 05:19:55 AM

Quote from: pacifista on February 09, 2017, 04:39:41 AM

One of my biggest mistake i made in bitcoin is investing in an mlm program. At first it gives me excitement but when the days past it seems like its not good anymore. Asking myself how to get profit with this program.

In my beginning using Bitcoin I was encourage too to invest such like that site.In the first day of my investment I earn but in my second withdrawal they didn't send my profit.So now im not investing MLM site.

Luckily, when I was starting to invest in Bitcoin no proposal to invest in such schemes was presented to me. I only became aware of this when there was an event, two years ago, in which many people lost money on it. From that moment on I became aware of the risks, and decided to focus on more legitimate ways to make money.

Question for you guys: so you know exactly that you were investing in dubious MLM schemes and you still did it?
How exactly do you think investing in bitcoin works? Volatility aside, there is no way to generate high level of income very fast.
Unless of course someone else is destined lose their money in the process.

The problem for MLM schemes is hard start, they need power to move their machine i.e. initial wave of dedicated promoters.
If you're aware that your participation will help them scam others later on then you shouldn't be doing it.

Betwrong

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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?

No I wouldn't. Apart from the fact that investing in something which will scam a lot of people eventually is not a good thing to do, you might lose your money even investing when it is in early stage, like you said. Because no one knows how long will that early stage last. People are not so stupid nowadays, so they are not investing in such schemes generally. So you might end up being one of a few who invested and thus lose your money due to unexpected termination of the company.

equator

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Quote from: mobnepal on February 09, 2017, 09:30:27 AM

No i will neither join them nor promote them to anyone. All of the MLM are ponzi and will scam on end, the one who will be in lowest level can't get their money back. So i don't like to lure others in this shit scams.

I totally agree with your point the persons who are supporting in early days are the main culprits who are supporting the scam and earning it by giving the more users and supporting the scam MLM ponzi scheme and he is also liable for the loss of other lower end users who get caught when this scam runs away.

i will also dont support and wont let my friends and supportive s to support this type of ponzi and scam schemes.

mobnepal

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No i will neither join them nor promote them to anyone. All of the MLM are ponzi and will scam on end, the one who will be in lowest level can't get their money back. So i don't like to lure others in this shit scams.

Raimonn

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No, there is no guaranty that you will earn money (bitcoins) if you are one of the first investors. A MLM (or ponzi) scam could run out on the first month or on second day (when they have enough money they will take it off).

d@nte

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Quote from: GreenBits on February 09, 2017, 05:19:55 AM

Quote from: pacifista on February 09, 2017, 04:39:41 AM

One of my biggest mistake i made in bitcoin is investing in an mlm program. At first it gives me excitement but when the days past it seems like its not good anymore. Asking myself how to get profit with this program.

In my beginning using Bitcoin I was encourage too to invest such like that site.In the first day of my investment I earn but in my second withdrawal they didn't send my profit.So now im not investing MLM site.

Luckily, when I was starting to invest in Bitcoin no proposal to invest in such schemes was presented to me. I only became aware of this when there was an event, two years ago, in which many people lost money on it. From that moment on I became aware of the risks, and decided to focus on more legitimate ways to make money.

icecube45

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Quote from: bering on February 09, 2017, 06:17:16 AM

MLM or pyramid scheme has already hurting many people because they losing they money during invest at MLM and i think if there is MLM which is indicated would be scam we should warning people to not invest at there and should not exploit the situation and i personally would not do that even i would telling to many people that be careful with those sites

Absolutely, pyramid schemes or MLM will continue to look for new members to join and usually targets are newbies who are new. They always say that they are "the next bitcoin" that can developed and advanced, it is just to reassure the newbies. Only MLM who claimed Cryptocurrency potentially scam, by using a ponzi scheme. Must be careful with this pattern.

Sundark

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I you knowingly invest your money in something that it is created to rob people, then why don't you simply steal money directly from random people on the streets?
If you can do it so you won't get caught there is no difference, right? It is moral choice, either you are honest man or you are no different that those scammer who started it.

Golftech

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Quote from: Xester on February 09, 2017, 06:42:34 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?

If I am a newbie in this kind of industry then I will be tempted to join even if not on the early stage of MLM. But given my experience with MLM I will no longer join any MLM even if it just started today and the main reason is that the system of MLM is recruitment. And in this kind of system what you will earn are coming from the pocket and sweat of your downlines. It is like using them and stepping them so you can go up and get more profit while they are stressed selling products that sometimes give them low income or zero profit at all. MLM is usury.

If you still have concience i guess you will not be tempted joining this just for the sake of money since you are well informed about of possible collapse its not always because of money theres still a lots of things to do in order to earn not into something like this which you are risking not only your money but also your name.

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