Your friend just know about Bitcoin and said he just invested into cloud mining.

barrysty1e

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Re: Your friend just know about Bitcoin and said he just invested into cloud mining.

September 07, 2016, 01:22:13 PM

#81

Quote from: extrabyte on September 07, 2016, 01:09:48 PM

Quote from: jacktheking on August 24, 2016, 02:54:41 PM

Let's one of your friend say he/she (for simple reference, I will just use 'he' throughout the thread) just know about Bitcoin. And he purchased some Bitcoin and invested some of it to cloud mining site. What will you say to him? Would it be nice for you to tell him to stop? Or let him learn online scam the hard way?

this will be a bad thing for between him and bitcoin. lots of people are afraid with using bitcoin just because their first experience with bitcoin wasn't that much good (they almost got scammed or earned very less from faucets) and then they prefer to left bitcoin.
BTW. I will warn my friend and try to convince him that the whole bitcoin is not like that. so just leave cloudmining but don't leave bitcoin.

people will always believe a flashy sales pitch/schpiel.
i've never heard anyone actually stop and ask how cloud mining works; yet people seem too happy to hand over the dough.
all cloud mining consists of is a bunch of rented hashpower (or a small hashing farm) set to mine literally at the will of its owner.

if the owner makes a decent profit, he might pass it on; but there are no honest crooks in cryptocurrency, so you'd be lucky to get back what you put in. why people don't take the 1-2 weeks to learn how to setup a basic stratum against a bunch of coin daemon is literally beyond me, there is no shortage in the way of guides/howto files on the internet.

live and let live, the saying goes.
a fool and his money are easily parted.

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Re: Your friend just know about Bitcoin and said he just invested into cloud mining.

September 07, 2016, 02:20:10 PM

#82

Quote from: Kakmakr on September 07, 2016, 08:05:26 AM

I think I would direct him to this site, http://www.badbitcoin.org/ and ask him to count the amount of sites connected to cloud mining/Ponzi schemes and see if he is still interested in investing with these types of sites. Some people will not take your word for it, so you have to come up with some evidence to prove your point. I have learned the hard way, with telling friends about something their kids did, and even if it was true, they still did not want to believe it, until I brought the proof and now they are left with the red faces. ^hmmmm^

Some new sites with fresh commencement of operations aren't listed quickly on badbitcoin.org so sometimes if a newbie might encounter a ponzi on the same day of that site's inception, they can't find the name on the list of bad sites.

What's more effective is to tell all newbies that cloudmining today is just a bunch of shit. If a cloudmining site offers big profit at shorter ROI then that is really suspicious. The rewards also has been dropped today together with the current mining difficutly so ROI will not be reached in just short period of days.

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agamasrori

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Re: Your friend just know about Bitcoin and said he just invested into cloud mining.

September 08, 2016, 11:34:06 AM

#83

Any type of investment in Bitcoin is good but we need to choose the thrusted one. If I am being him, I will be choose trading. I didn't like to investing in minning site because so many mining site was turned into scam. And also we can try omicron there are a good deal for us.

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safari88

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Re: Your friend just know about Bitcoin and said he just invested into cloud mining.

September 08, 2016, 11:45:37 AM

#84

of course i will tell as much detail as possible, so he is aware of the negative impact that will be received from the investment of cloud mining or provide proof perhaps he will have more confidence.

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Corenin

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Re: Your friend just know about Bitcoin and said he just invested into cloud mining.

September 08, 2016, 11:49:08 AM

#85

Quote from: agamasrori on September 08, 2016, 11:34:06 AM

Any type of investment in Bitcoin is good but we need to choose the thrusted one. If I am being him, I will be choose trading. I didn't like to investing in minning site because so many mining site was turned into scam. And also we can try omicron there are a good deal for us.

We cannot afford to trust any cloud mining site at a moment, and if my friend asks me before investing in those sites then I will simply ask him to stay away from it and find better ways to invest.

BitcoinPC

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Re: Your friend just know about Bitcoin and said he just invested into cloud mining.

September 08, 2016, 11:57:49 AM

#86

Quote from: jacktheking on August 24, 2016, 02:54:41 PM

Let's one of your friend say he/she (for simple reference, I will just use 'he' throughout the thread) just know about Bitcoin. And he purchased some Bitcoin and invested some of it to cloud mining site. What will you say to him? Would it be nice for you to tell him to stop? Or let him learn online scam the hard way?

As we all know that most of the investment sites are scam, so thats why a lot of people not trust on it and i am also one of them. In start when i joined Bitcoin, than one scam site send me msg to do investment and i did it and i got loss, so i suggest don't do it and if you want to do something with your bitcoins, so you should do altcoin trading, it is better way to use your bitcoins.

coynedterm

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Re: Your friend just know about Bitcoin and said he just invested into cloud mining.

September 08, 2016, 12:28:52 PM

#87

Quote from: jacktheking on August 24, 2016, 02:54:41 PM

Let's one of your friend say he/she (for simple reference, I will just use 'he' throughout the thread) just know about Bitcoin. And he purchased some Bitcoin and invested some of it to cloud mining site. What will you say to him? Would it be nice for you to tell him to stop? Or let him learn online scam the hard way?

I would suggest not to invest in any mining site until his friend invest there and get 100% back along with the profit. Because all mining sites are 100% scam as much as i know. Since he had invest so I can't do anything but I would suggest him not to invest anymore.

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Fatanut

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Re: Your friend just know about Bitcoin and said he just invested into cloud mining.

September 08, 2016, 12:39:28 PM

#88

Quote from: jacktheking on August 24, 2016, 02:54:41 PM

Let's one of your friend say he/she (for simple reference, I will just use 'he' throughout the thread) just know about Bitcoin. And he purchased some Bitcoin and invested some of it to cloud mining site. What will you say to him? Would it be nice for you to tell him to stop? Or let him learn online scam the hard way?

I'll tell him, "Congratulations, you just donated some money to some deadbeat from the Internet!!" and then leave him.

Kidding aside, I will tell him that he was just scammed. The website might still be paying him right now, but eventually they will stop paying and run away. He already sent his coins, we can do nothing about it now. You can't stop him now, he has to learn his lesson the hard way. I'll also tell him that we all have been there, we we're all scammed by some investment site out there so he will not be embarrassed and think of getting scammed at first as a normal and acceptable incident.

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Viyamore

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Re: Your friend just know about Bitcoin and said he just invested into cloud mining.

September 08, 2016, 12:39:45 PM

#89

Quote from: agamasrori on September 08, 2016, 11:34:06 AM

Any type of investment in Bitcoin is good but we need to choose the thrusted one. If I am being him, I will be choose trading. I didn't like to investing in minning site because so many mining site was turned into scam. And also we can try omicron there are a good deal for us.

That's right ,all investments are risky ,cloud mining is good to start especially people who have many referrals ,but if you're the one who will invest big amount on it most of the time it ends up with a big loose or scam ,some of my friends invest in cloud minning which when they will withdraw the investment it can't withdrawn .

I tell to my friend that its not worth cause she continously add investment for a big weekly and daily amount .
I do.math and calculate some of this .after a big investments this sites turns out to be scam ,still operating and updating but you can't withdraw your investment .

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2legit2

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Re: Your friend just know about Bitcoin and said he just invested into cloud mining.

September 08, 2016, 02:00:11 PM

#90

Quote from: agamasrori on September 08, 2016, 11:34:06 AM

Any type of investment in Bitcoin is good but we need to choose the thrusted one. If I am being him, I will be choose trading. I didn't like to investing in minning site because so many mining site was turned into scam. And also we can try omicron there are a good deal for us.

you are right, i think that bitcoins are the best investment option right now, i hope that it will make me some decent money soon

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Re: Your friend just know about Bitcoin and said he just invested into cloud mining.

September 08, 2016, 05:53:41 PM

#91

Best investment option? That's debatable. However, if we say a "good" investment option, that may deem true.
There's really no problem with cloud mining sites if there were legit ones. Unfortunately, that is the problem. We don't know which of which is a real one.