Bitcoin Forum

What happened: Ciclex is one of those fake exchanges that are promising unrealistically high return. Essentially, it's just another ponzi scheme.

Flag Type 1 https://bitcointalk.org/index.php?action=trust;flag=2206

ANN https://bitcointalk.org/index.php?topic=5268132.0
Archive https://archive.fo/hZ4cC

Website https://ciclex.com/
Archive https://archive.fo/DsKzc


Here is proof from their dashboard. According to that, if you invest 1 BTC, in 1 year you will get 2.75 BTC, making it 175%  pure profit!(they wrote 275% but they obviously have math issues). We all know how would that end, if someone really invest 1 BTC there.

https://i.postimg.cc/k5dDfrw6/ciclex.png

I'm wondering how likely I am to find them a year later to withdraw my profit! Because I know why they make such websites. Now that the crypto market is green, a lot of experts will come up with their ponzi websites, their main purpose is to fool people and run away with money. Continuing a ponzi with their own identity as an exchange! It’s a matter of thinking, how much they are trying to be credible to people.

It is normal to be wrong in their calculations because their focus was on something else, their plan is to run away with people's funds.


Flag Supported and Tagged.  

The user Vitalii1905 (https://bitcointalk.org/index.php?action=profile;u=2834631) who was posted about ciclex in this forum is not the real owner.  Because he was just posted his referral link here.(should be reported) Also, he did post other exchange referral links Previously and got deleted due to ref link. Post history archive: https://loyce.club/archive/members/283/2834631.html

Flag will be supported also I will tag the user due to ponzi promoting.

Whatever the scamer does is to attract investors but I think they are stupid by making an annual investment in their ponzi scheme and if 1 btc becomes 2.75 BTC that is impossible. Maybe many think this scamer is really stupid and in numbers the math is wrong.

I flags supported and so have a lot to see with this marked.

what's the scam? What's the ponzi circuit? Or do you want to say that it is unrealistic to earn 200% a year on trading? easy in a month

Of course you can earn 200% via trading in a year, or even in a month, but also you can loose 90% easily. Problem with this Ciclex scheme is that they are promising people profit, and that's something that you simply can't do, it's not realistic and gives false expectations.
To make it even more absurd, they even have "profit calculator",  and that's just another sign of a scam, as no legit business can predict you profit via trading.

Hey, you are promoting is an obvious Ponzi scheme where they are promising a fixed return on investment. The calculations are given on the website based on your investment, not based on your own trading profits. I know perhaps you may gain 200% a day if you are lucky. At the same time, your portfolio would turn into near ZERO if you are unlucky. But Ponzi is different from the trading. Return 200% by doing nothing is unrealistic and Ponzi. No more doubts about it, if you are an investor of this site then highly doubts you will not find them after a few weeks.

Good to see that moderators had removed the thread due to promote referral links. Supported flags & tagged as well.