Bitcoin Forum

What happened:  Newbie promoting a HYIP with up to 0.7% profit daily and ridiculous affiliate bonus
Profile: RiskyCrypter (https://bitcointalk.org/index.php?action=profile;u=2807792)
Link: https://bitcointalk.org/index.php?topic=5249144
Archive: http://archive.is/YnBa2

Website: https://prancegoldholdings.com
Archive: http://archive.is/WvHOI


Possible Red Flags:

https://i.imgur.com/NCz4qUg.png
https://i.imgur.com/HtbV12O.png
https://i.imgur.com/IWsLkm2.png

Another Prance Gold ponzi scheme announcement thread appeared, from the same user that did the first one, but I guess that one was deleted. Now they claim that they are making those huge unrealistic profits via arbitrage, and we all know that's just bullshit story.

Ann https://archive.fo/1P6V4
Archive https://bitcointalk.org/index.php?topic=5267698.0

Flag Type 1  https://bitcointalk.org/index.php?action=trust;flag=2201

Without some fools and greedy person i don't think anyone gonna waste their money after this kind of ponzi project. I think ponzi scammers have got the realisation from their unsuccessful projects that experienced crypto investors will not run after unrealistic return plans like theh did in the past. 3/4 years earlier people were so much interested to invest on Hyips and crypto market was full with multiple ponzi projects. At that time many people made big investment and started to believe that they will get profits for a long time. I can easily remember the situation when mega scam project "Bitconnect" were so much popular among crypto investors and no one can say exactlly how many people got scammed through them.

Most interesting thing is that during that time oneday i met a guy on a wedding who asked me that; Do you know about bitconnect? I said yes. He was a retired Navy officer and  replied me that he took out all his savings from his bank account and invested all in bitconnect. Even some of his colleagues have their investment too. Unfortunately i don't know what happened with him and his colleagues after getting the news of bitconnect scam. Maybe still they are using bitcoin or left this field forever. After experiencing all these if still people believe that ponzi projects will keep their promises and their investment will be safer then you & me can't do nothing but praying for them .    

Flag supported and user profile will be tagged shortly.  

Can't believe how possible 25 levels referral commission. Daily return on investment is enough to call them a scam. Good to see that thread has been deleted by moderators due to promote referral links. Probably the user isn't related to the platform, just attempt to gain the referral from the forum since there is high depth referral commission.

Tagged the user and support the flag.

Seems like you are right, there is hidden referral link in that announcement thread, he tried to hide it with url shortener. His previous Ann got deleted for that reason, so he tried new approach this  time,hoping that no one will notice (it worked for a day or two, hopefully noone registered using it).
Oh well, now we have good enough proof to report that thread to the mods so it gets deleted.

yeah, You are right. we can report it when someone hides their referral links by using a URL shortener.

Actually what I see in the past few years, for a Ponzi scheme site Promoter amount is bigger than Investor. It because of only the referral commission. Even they know the site is risky and no worth of deposit. But they are promoting this every day, and don't care about other's money for earning a few bucks.

Tagged and flag supported.

You are absolutely right. These greedy promoters use social media to promote these ponzi. Since they get huge referral commissions they focus on promoting rather than investing their own money. I have seen many promoters like this whose job is to promote such ponzi, their purpose is to earn commission. If someone invests in their promotion and gets scammed, they don't take responsibility for that loss. They do not think twice about putting others at risk for their own benefit.

Social media is the one that promotes the most ponzi schemes and some even refer to it via DM I think they are too ambitious with the wishes of the commission and do not care whether it is a scam or not, what is clear is that the promoter only wants a commission from their referrals, sometimes the telegram is the same unknown directly DM asked to invest I thought it was a stupid thing for the promoter to do.

We cant say that social media is promoting the ponzi, rather it is the method to promote the site. From their standpoint it is not wrong but of course cold pitching DMs on twitter are very common but as long as you are only following users who are real and you know them in real life this problem should be minimum.

The ones who get their DM box spammed everyday are the bounty hunters because they follow a lot bot accounts and these are nothing but made to spam these DMs with offers, referrals and plain scams.

15% monthly profit, they would become millionaires within a few years if it really was possible and end up bankrupting every bank. If people dont use their brains to understand this then nothing can be done for them.