Is this true or a speculation

[Shiroslullaby]

Of course there are scam sites, and there may be some run by operators of legitimate sites.
All you need is basic skills to make a decent looking website, and either get ranking up or pay for traffic to increase your search results,
and eventually you will get some users signing up.
Its so cheap to host a website these days, you only need to scam a few users and you will make money.

Bitcoin has a lot of new users and its hard to know who to trust.
Since we still rely on third parties to convert fiat to and from Bitcoin, there is a risk of getting scammed if you don't deal with a reputable company.

[The_Dark_Knight]

Somewhere while surfing I read popular sites often makes less known sites use the money to pay first then scam and then continue on the popular sites. Could this also be happening in the Bitcoin industry. Start a roll dice or casino, open a hyip and then hyip goes scam and front site continues, no one comes to know. Or this is purely speculation, none of this happens?

I don’t see why it may not happen but if an established casino to try that it could be its ruin if it was ever found out they were doing scams, people will lose faith in that casino immediately and no one will play there anymore, since bitcoin casinos are so successful I don't think they need to pull such a dirty move.

[mrcash02]

Somewhere while surfing I read popular sites often makes less known sites use the money to pay first then scam and then continue on the popular sites. Could this also be happening in the Bitcoin industry. Start a roll dice or casino, open a hyip and then hyip goes scam and front site continues, no one comes to know. Or this is purely speculation, none of this happens?

Ponzi schemes. Just like a HYIP site only those who are first will be paid and sadly those who joined late got scammed. Many sites does that, that's why we have trust issues on a site, we need assurance that they will last long. But nothing last forever aight? so that's why we need to be wiser than anyone. When you join a HYIP site just predict when will they run. And withdraw all your balance before they run.

They are here because they know nothing can happen to them. Bitcoin doesn't appear in the laws or Constitution, so we can do anything we want. There were many cases in which the FBI or so didn't know how to find them, so the chances of finding that guy is close to 0. I'm always skeptical when it comes to these kinds of websites. Always read reviews.

This is a free world, everyone uses his own "free will" to make choices and have consequences. I think this way is the most correct to live. Every choice has a consequence and we can learn from our mistakes. That is what happen when you invest in HYIP and Ponzi schemes. Sooner or later everyone learns that it's impossible to make profit with this kind of deal. You can have luck and make profit with one HYIP, but on long term it won't work.

[bubbaj]

Somewhere while surfing I read popular sites often makes less known sites use the money to pay first then scam and then continue on the popular sites. Could this also be happening in the Bitcoin industry. Start a roll dice or casino, open a hyip and then hyip goes scam and front site continues, no one comes to know. Or this is purely speculation, none of this happens?

Ponzi schemes. Just like a HYIP site only those who are first will be paid and sadly those who joined late got scammed. Many sites does that, that's why we have trust issues on a site, we need assurance that they will last long. But nothing last forever aight? so that's why we need to be wiser than anyone. When you join a HYIP site just predict when will they run. And withdraw all your balance before they run.

They are here because they know nothing can happen to them. Bitcoin doesn't appear in the laws or Constitution, so we can do anything we want. There were many cases in which the FBI or so didn't know how to find them, so the chances of finding that guy is close to 0. I'm always skeptical when it comes to these kinds of websites. Always read reviews.

This is a free world, everyone uses his own "free will" to make choices and have consequences. I think this way is the most correct to live. Every choice has a consequence and we can learn from our mistakes. That is what happen when you invest in HYIP and Ponzi schemes. Sooner or later everyone learns that it's impossible to make profit with this kind of deal. You can have luck and make profit with one HYIP, but on long term it won't work.

This is why BTC will never be main stream as it is hard to track and is easy to scam a person out of.

[katrimans]

People make this system as means of their living or earning.  Even though this kind of system is very dangerous there are lots of people often see this thing a quick money grab.  Companies are keep on establishing this kind of model because there are lots of people patronizing this scheme even though it makes other people loses their money or company shutsdown in the long run.  Unless people stop supporting this kind of money game, Company will never ceased to exist and prey on their victim.

Many companies have used this system, I have come across a model of these ones that provide a good investment opportunity, they get the funding they roll out a few payments so they could  gain the trust of the people, and then simply walk away with the money, a company called Hash Ocean has done this before, it was a cloud mining project and the founder got greedy and walked away with a fortune.

[rababo]

There are many sites like those, and those sites mostly use bitcoin for payment because it's hard to trace. Their victims are people who want to make easy money and people who just start in bitcoin.
So, be aware to that kind of sites. You won't get money from those sites, it's only ripe your money off.

[tee-rex]

Somewhere while surfing I read popular sites often makes less known sites use the money to pay first then scam and then continue on the popular sites. Could this also be happening in the Bitcoin industry. Start a roll dice or casino, open a hyip and then hyip goes scam and front site continues, no one comes to know. Or this is purely speculation, none of this happens?

Ponzi schemes. Just like a HYIP site only those who are first will be paid and sadly those who joined late got scammed. Many sites does that, that's why we have trust issues on a site, we need assurance that they will last long. But nothing last forever aight? so that's why we need to be wiser than anyone. When you join a HYIP site just predict when will they run. And withdraw all your balance before they run.

They are here because they know nothing can happen to them. Bitcoin doesn't appear in the laws or Constitution, so we can do anything we want. There were many cases in which the FBI or so didn't know how to find them, so the chances of finding that guy is close to 0. I'm always skeptical when it comes to these kinds of websites. Always read reviews.

This is a free world, everyone uses his own "free will" to make choices and have consequences. I think this way is the most correct to live. Every choice has a consequence and we can learn from our mistakes. That is what happen when you invest in HYIP and Ponzi schemes. Sooner or later everyone learns that it's impossible to make profit with this kind of deal. You can have luck and make profit with one HYIP, but on long term it won't work.

So if it is a free choice of everyone and their responsibility to face the consequences as you say. But it also means that everyone is basically free to scam on their neighbor, and they shouldn't face any legal consequences for doing so. I'm more than sure that these scams and HYIPs include a point in their terms that they don't give any guarantees "explicit or implicit" as well as decline any responsibility for the possible loss of money.