Is this true or a speculation

[sonnyacg]

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.

yes it is true, most of the cycles and PTC HYIP always swirling continue. today to see the site was still the same, then if it is a fraud then they change the look of their site to be different. but in fact they are still the same as before. I see most of them is the most onwards is always a scam.

[sulendra12]

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?

In the internet , you can make anything like HYIP , PTC , and other source of income . The process is easy as hell , just copy the script and do some configuration you'll go with it (Never did it before , and don't try it  ) . After they reached the Goal , they would start to closed their business and run away with the members money and the worst case is using bitcoin as the payment gateway (irreversible currency).

This isn't only a speculation , but it has lot of proofs to validate this . So , be aware with the "unusual" site you meet.

[tabas]

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?

Surely it is already happen in the bitcoin industry and many greedy people who are doing this to fool people and just for them to benefit from other people's money. So be cautious and I think you are still new in bitcoin industry and thinks that this is just new, so be careful and don't ever try to interact those websites or else you'll suffer.

[BlackPanda]

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?

It could happen. has a lot of websites that originally paid and reliable, in the end they ran away with bitcoin bring all that we have. bitcoin investment in the world is quite risky. all systems are anonymouse.

[Tyrantt]

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

Well some people dont view bitcoin as a currency just like fiat in some ways but some magical thing, so they dont think as much when investing it into some shady websites, also right now everone would like to earn something while doing nothing so many users decide on investing in various websites that offer good daily income or something like that.

[avatar_kiyoshi]

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

Well some people dont view bitcoin as a currency just like fiat in some ways but some magical thing, so they dont think as much when investing it into some shady websites, also right now everone would like to earn something while doing nothing so many users decide on investing in various websites that offer good daily income or something like that.

This is typically person who too lazy doing nothing but also greedy to earn bitcoin, this is very common found people like this and some few people haven't consider if the site is scam obviously until the site shut down. Don't feed scammer please.

But not all bitcoin industry turn into scam scheme.
Research and dig deeper before dealing with.

[StarofBTC]

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?

In the internet , you can make anything like HYIP , PTC , and other source of income . The process is easy as hell , just copy the script and do some configuration you'll go with it (Never did it before , and don't try it  ) . After they reached the Goal , they would start to closed their business and run away with the members money and the worst case is using bitcoin as the payment gateway (irreversible currency).

This isn't only a speculation , but it has lot of proofs to validate this . So , be aware with the "unusual" site you meet.

That is true, I have used many of these sites and at the end they only succeeded in running away with my hard earned money so wherever I do see a site like those, I want to be very careful how I approach them. In fact I do not use them again because I have been disappointed for so many times. Also I like to suggest to everyone to be very careful.

[MONKEYJUNK]

That happens anywhere when any kind of currency is involved.

Yes however bitcoin have a lot of scammers, or just a lot of dumb people, because the anonnymous thing, so it's hard to know the scamer and he will have a nice life with your money...

[Robertqueen2]

Regarding HYIP sites, they look attractive to investors when they give you 150% or 130% after one day. Unfortunately, all investors in those HYIP sites know that those sites will stop paying sooner or later, but some people like the risky investments.
Better to stay away from them.

[winspiral]

People do see only scam...
Even if scam does not exist.
It is almost impossible nawadays to offer a satoshi...as soon you propose ...you are taken for a scammer...
people should here more talk about honnest sites and not spend so much energy for "supposed" scam sites.
Here you can only read all the day:all is scam.

[tee-rex]

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^

I think this is a very rare case really when real businesses turn into scams and still more rare, if not completely impossible, for scams to become a good business. You need to have a special psychological traits to become a successful scammer, or just a scammer, for that matter, and you will always be like that. In my opinion, if a business turns out to be a failure, people behind it will just close it and switch to something else. Most likely, you talk about purportedly "good" businesses that were deliberate scams right from the start.

[prabowo96]

People do see only scam...
Even if scam does not exist.
It is almost impossible nawadays to offer a satoshi...as soon you propose ...you are taken for a scammer...
people should here more talk about honnest sites and not spend so much energy for "supposed" scam sites.
Here you can only read all the day:all is scam.

Prevention is better than a cure... At least people are asking theirselves about it, and not just putting more throw the air.

Bitcoin comunity have a lot of scamers, it's like the currency of scam. Sites asking for you money? Obviously a bad idea.

[jak3]

i don't exactly know that is there such type of sites exists or not in bitcoin network but i am sure about onevthing thatscammers try every possible way to scam and pay as much as they can so people can trust they and put more money in here scheam

[Milkduds]

If you are not watching what you click you need to get more paranoid about how you conduct business on the net.
Its far to easy for sites to pretend to be something they are not to establish a connection to you and rope you in.

Quite often I notice when I google that some new site is at the head of the search after months/years of one site being the only option. It happens enough to watch every google search you make for a familiar site you have not bookmarked.

[Bitcoinsummoner]

It is happening to in bitcoin everything online or offline many people are scam if you dont know how to get rid for those scammer you can be victim.
So first you do research about the site and check their review but sometimes the reviews was not true so better to check and research first and ask by many people.

[Adamsmit556]

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?

Yes, this happens in every business industry and even in every day life over and over again, bitcoin is not an exception.

[Seeker#9]

Despite repeated warnings by concerned netizens, many online people continues to patronized hyip and other investment scam that offers get rich quick schemes.

[Kakmakr]

Despite repeated warnings by concerned netizens, many online people continues to patronized hyip and other investment scam that offers get rich quick schemes.

This is a typical example, http://www.badbitcoin.org/ where we provide the tools for people to determine in advance if the site is a scam or a hype and even with prior warning or even just a little bit of research <Google > they would not have lost any money. I guess greed clouds people's sound judgement. Next time you want to invest in one of these shady operations, just use Google first, you would be amazed at how usefull it can be. ^sarcasm^

[Sled]

Despite repeated warnings by concerned netizens, many online people continues to patronized hyip and other investment scam that offers get rich quick schemes.

Yes that is right, Still, many bitcoin users still invest on those different kind of hyips or investment sites that offers a big return or get rich fast schemes. In my opinion, we, bitcoin users should research first and try to figure out how to use different search engine sites and always use those different informations that came from to search engines as a basis on deciding to invest or not. We don't need to listen to the people who promotes those HYIPs because they all want is commissions or referrals which can give them bigger returns, don't listen to their flowery words about the HYIP site. Do your own research and try to figure out by yourself if that investment site is worth it or not.

[btcdiggingmaster]

There are lot more site daily being launched many scam people, but no one know who is behind with these sites but once every one identify those no one will join those sites. Not only single site many people are launching 2 are 3 sites simultaneously once they make profit with one site they will close down the site, they will run the other two site with the profit made by them until they get from those 2 sites also. Very Disgusting.