Is this true or a speculation

[Juggy777]

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?

[franky1]

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?

there are many sites like this.. its called bait and switch.
offer you one thing. but end up with something else

[Daniel91]

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 think that such scenario happen many times, unfortunately.
I'm sure that we have serial scammers which open HYIP after HYIP, SCAM after SCAM, just with different names and identities.
I advice you not to play with HYIP or casinos because 99 % of people loose money there.
Only admins and top leaders earn there.
When program collapse, admin just change his name, open similar program and start over.
I's always the same, scam tactic.

[mrsalve]

That happens anywhere when any kind of currency is involved.

[Juggy777]

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 think that such scenario happen many times, unfortunately.
I'm sure that we have serial scammers which open HYIP after HYIP, SCAM after SCAM, just with different names and identities.
I advice you not to play with HYIP or casinos because 99 % of people loose money there.
Only admins and top leaders earn there.
When program collapse, admin just change his name, open similar program and start over.
I's always the same, scam tactic.

I know I have lost a lot in hyip. And latest one where we all lost by our greed where a member took btc and paid us 30000-40000 satoshi's per day. He kept paying and suddenly boom gone. Ya I will stay away from casinos thanks.

[~Bitcoin~]

Yes there are many sites which had same owner and scammed same users several times in different projects. You can see this type of pattern mostly in HYIP and PTC sites, they lure paying for few days and at end they will scam all users and run away with whatever they have collected. Wait few month and develop another ptc/hyip with some modification in project model and again start to lure and this cycle go round and round.

[crairezx20]

This is very common practice and this happen in every kind of investment, gambling and online jobs.

The most common in bitcoin world are HYIP, cloud mining and casino.
Also, it becomes easier every day because people sell template website/license for HYIP, ponzi cloud mining or gambling which not too expensive ($100 - $1000 from what i've found).

But, because they're very similar, people over time will learn about the truth in hard way.

I think in some other blackhat forums are giving and share this template or the whole script just changing the design and repeating scam every where using bitcoin.. Since you are newbie better to stay away to them..

[Juggy777]

This is very common practice and this happen in every kind of investment, gambling and online jobs.

The most common in bitcoin world are HYIP, cloud mining and casino.
Also, it becomes easier every day because people sell template website/license for HYIP, ponzi cloud mining or gambling which not too expensive ($100 - $1000 from what i've found).

But, because they're very similar, people over time will learn about the truth in hard way.

That's the problem it's always the hard way. We earn money with so much effort and they just steal it. Really hate this kind of guys

[calkob]

sometimes scammers will wait a long time to pull of their scam but there is usually red flags, just always keep yuor guard up listen for the warnings

[BitcoinBarrel]

If it seems too good to be true, then it probably is!

[isen]

Unfortunately yes, scammers are hiding behind anonymity and take advantage of people's greed and ignorance again and again.
You should always do a research before you deposit your money in any site and keep in your mind this rule.

If it seems too good to be true, then it probably is!

[outatime1]

I would not be surprised if those kinds of things happen. We already know of large scale scams at sites like mtgox and cryptsy, so there are probably many others as well.

[shinratensei_]

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?

there are many sites like this.. its called bait and switch.
offer you one thing. but end up with something else

But still letting some wound in this place today. using bait for scamming the people around the world.

[Kakmakr]

Some of these site start with good business models, and then they find out that the business model cannot be successful, and it turns to Ponzi type schemes to supplement the income. They might even start with Ponzi type schemes and then turn to legal business models when the site shows good profit. I am talking about some of the early cloud mining sites. It is a pity that the legal sites, also have to close their doors in the end. ^hmmmmm^

[Seansky]

This scenario happening I think is already happening to bitcoin industry. These sites are what makes bitcoin reputation bad, but these scammers makes their site looks legit at first. Look at the cloud mining sites that scammed many people, at first they were paying good. Then after having many investors trusting them, they ran away with all their funds. In the end, they are just yet another ponzi scheme so don't invest in cloud mining sites.

[xuan87]

Yes it is happen in bitcoin, in fact there are more HYIP, ponzi and cloud mining compare to other, they just switch their name and change their site, the one that fall for it usually greedy people and newbie, that is why when ponzi come to this site there are always warning from other people, actually it's the best if this kind of thing can be erased, so the bitcoin reputation will become better

[ethereumhunter]

we can see this is happen in bitcoin industry and for your information, this is not just happen in bitcoin industry, because i think with money involve, there is a way for website to scam their member and close the site. but as long as we careful to make an investment or want to make some money, then i think we are safe but that safe is not forever because there are no safety place in internet.

[th3nolo]

this also happen with every currency, but bitcoin is one of the favorite by scammer, keep it your money away from these business and when you find something interesting to invest please do some research about and use common sense.

[Juggy777]

this also happen with every currency, but bitcoin is one of the favorite by scammer, keep it your money away from these business and when you find something interesting to invest please do some research about and use common sense.

I agree btc is the favorite of scammers. It's very easy to trick them. And mostly it's the greed. They first give small and when amount is big they are gone

[Mastsetad]

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?

Ofcourse that happens, a lot of people start a scam program, earn some bitcoins and then they start a business with that money and while that happening they may repeat the same thing again, it is happening mostly in bitcoin industry though it happens everywhere on internet.