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Author Topic: Will you invest in a MLM scam in early stage?  (Read 16778 times)
lordquanta
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February 09, 2017, 07:35:35 AM
 #1

Here is a interesting, hypothetical situation. What will you do if there is a MLM scam going on and it is in early stage. It is assuring 10% monthly return in bitcoins (of course it has that referral bonus part as well but it is optional, you don't need referral as you are getting 10% on your investment.).  B'cause of it's early stage, people are investing happily and getting returns monthly. In short equation of incoming source money > outgoing money. By looking at situation, let's say this scam/scheme will go on two more year.   There are some people who rip benefits from these kind of scams/schemes as they invest very early and in large chunk.

Will you invest in such scheme well before it vanishes with bitcoins/money?

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February 09, 2017, 07:52:07 AM
 #2

imo if you knowingly take part in a scam that dupes others from their money they have put in then you are no better than the person who started the scam. Its still scamming others and worse since you know your doing it.  Chances are even if you know its a scam you arent going to get out very easily with a profit anyways but i for one wouldn't entertain it at all.

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February 09, 2017, 08:24:37 AM
 #3

Of course not. I am not a greedy money hunter that does invest into something when I know it's an obvious scam. First reason is because I don't want to support any scammers, and second, I don't want to contribute to people getting scammed as investing in their scam allows them to operate longer since money is coming in, and thus they will be able to victimize more people. That's why I find people investing in obvious scams are equally as bad as the operators themselves. If all people simply avoid putting their hard earned cash into these scams, they will eventually dry out and completely vanish.

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February 09, 2017, 08:39:41 AM
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One of my biggest mistake i made in bitcoin  is investing in an mlm program. At first it gives me excitement but when the days past it seems like its not good anymore. Asking myself how to get profit with this program.

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February 09, 2017, 09:19:55 AM
 #5

One of my biggest mistake i made in bitcoin  is investing in an mlm program. At first it gives me excitement but when the days past it seems like its not good anymore. Asking myself how to get profit with this program.
In my beginning using Bitcoin I was encourage too to invest such like that site.In the first day of my investment I earn but in my second withdrawal they didn't send my profit.So now im not investing MLM site.

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February 09, 2017, 09:51:40 AM
 #6

imo if you knowingly take part in a scam that dupes others from their money they have put in then you are no better than the person who started the scam. Its still scamming others and worse since you know your doing it.  Chances are even if you know its a scam you arent going to get out very easily with a profit anyways but i for one wouldn't entertain it at all.

There are people who participate in these kind of scams or "programs" in very early stage. They invest to the full limits of scam/scheme in early stage as result their returns are high. Now use these returns as proof of validity of scam/scheme being genuine. These people create videos on youtube about their income and how system is clean. Lure naive people to join under them. Once desperate and naive people join under them these buggers Earn more n more.
Sooner or later these scheme concludes.

If you join the scam/scheme in early stage and invest your money, you are also on the verge of loosing money. It's a gamble.

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February 09, 2017, 10:06:07 AM
 #7

Here is a interesting, hypothetical situation. What will you do if there is a MLM scam going on and it is in early stage. It is assuring 10% monthly return in bitcoins (of course it has that referral bonus part as well but it is optional, you don't need referral as you are getting 10% on your investment.).  B'cause of it's early stage, people are investing happily and getting returns monthly. In short equation of incoming source money > outgoing money. By looking at situation, let's say this scam/scheme will go on two more year.   There are some people who rip benefits from these kind of scams/schemes as they invest very early and in large chunk.

Will you invest in such scheme well before it vanishes with bitcoins/money?

your question doesn't make any sense, you are saying it yourself "it is a scam" then you say would you invest in a scam. if you didn't know it is a scam then it was a different story.

and this is what will happen no matter if you go in early or late.
you go in and invest some amount, they they start paying you some profit and before you reach ROI they run away and if you request withdrawal before they run away and you reach ROI they deny your request. simple as that you lose both ways.

if you go in early you lose small amount, if you in late you lose more. in both cases it ends with loss.














 

 

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bering
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February 09, 2017, 10:17:16 AM
 #8

MLM or pyramid scheme has already hurting many people because they losing they money during invest at MLM and i think if there is MLM which is indicated would be scam we should warning people to not invest at there and should not exploit the situation and i personally would not do that even i would telling to many people that be careful with those sites

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February 09, 2017, 10:42:34 AM
 #9

Here is a interesting, hypothetical situation. What will you do if there is a MLM scam going on and it is in early stage. It is assuring 10% monthly return in bitcoins (of course it has that referral bonus part as well but it is optional, you don't need referral as you are getting 10% on your investment.).  B'cause of it's early stage, people are investing happily and getting returns monthly. In short equation of incoming source money > outgoing money. By looking at situation, let's say this scam/scheme will go on two more year.   There are some people who rip benefits from these kind of scams/schemes as they invest very early and in large chunk.

Will you invest in such scheme well before it vanishes with bitcoins/money?

If I am a newbie in this kind of industry then I will be tempted to join even if not on the early stage of MLM. But given my experience with MLM I will no longer join any MLM even if it just started today and the main reason is that the system of MLM is recruitment. And in this kind of system what you will earn are coming from the pocket and sweat of your downlines. It is like using them  and stepping them so you can go up and get more profit while they are stressed selling products that sometimes give them low income or zero profit at all. MLM is usury.

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February 09, 2017, 10:55:27 AM
 #10

Here is a interesting, hypothetical situation. What will you do if there is a MLM scam going on and it is in early stage. It is assuring 10% monthly return in bitcoins (of course it has that referral bonus part as well but it is optional, you don't need referral as you are getting 10% on your investment.).  B'cause of it's early stage, people are investing happily and getting returns monthly. In short equation of incoming source money > outgoing money. By looking at situation, let's say this scam/scheme will go on two more year.   There are some people who rip benefits from these kind of scams/schemes as they invest very early and in large chunk.

Will you invest in such scheme well before it vanishes with bitcoins/money?

If I am a newbie in this kind of industry then I will be tempted to join even if not on the early stage of MLM. But given my experience with MLM I will no longer join any MLM even if it just started today and the main reason is that the system of MLM is recruitment. And in this kind of system what you will earn are coming from the pocket and sweat of your downlines. It is like using them  and stepping them so you can go up and get more profit while they are stressed selling products that sometimes give them low income or zero profit at all. MLM is usury.
If you still have concience i guess you will not be tempted joining this just for the sake of money since you are well informed about of possible collapse its not always because of money theres still a lots of things to do in order to earn not into something like this which you are risking not only your money but also your name.


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February 09, 2017, 11:02:12 AM
 #11

I you knowingly invest your money in something that it is created to rob people, then why don't you simply steal money directly from random people on the streets?
If you can do it so you won't get caught there is no difference, right? It is moral choice, either you are honest man or you are no different that those scammer who started it.
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February 09, 2017, 01:15:37 PM
 #12

MLM or pyramid scheme has already hurting many people because they losing they money during invest at MLM and i think if there is MLM which is indicated would be scam we should warning people to not invest at there and should not exploit the situation and i personally would not do that even i would telling to many people that be careful with those sites
Absolutely, pyramid schemes or MLM will continue to look for new members to join and usually targets are newbies who are new. They always say that they are "the next bitcoin" that can developed and advanced, it is just to reassure the newbies. Only MLM who claimed Cryptocurrency potentially scam, by using a ponzi scheme. Must be careful with this pattern.
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February 09, 2017, 01:21:56 PM
 #13

One of my biggest mistake i made in bitcoin  is investing in an mlm program. At first it gives me excitement but when the days past it seems like its not good anymore. Asking myself how to get profit with this program.
In my beginning using Bitcoin I was encourage too to invest such like that site.In the first day of my investment I earn but in my second withdrawal they didn't send my profit.So now im not investing MLM site.
Luckily, when I was starting to invest in Bitcoin no proposal to invest in such schemes was presented to me. I only became aware of this when there was an event, two years ago, in which many people lost money on it. From that moment on I became aware of the risks, and decided to focus on more legitimate ways to make money.

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February 09, 2017, 01:26:59 PM
 #14

No, there is no guaranty that you will earn money (bitcoins) if you are one of the first investors. A MLM (or ponzi) scam could run out on the first month or on second day (when they have enough money they will take it off).
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February 09, 2017, 01:30:27 PM
 #15

No i will neither join them nor promote them to anyone. All of the MLM are ponzi and will scam on end, the one who will be in lowest level can't get their money back. So i don't like to lure others in this shit scams.

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February 09, 2017, 01:34:24 PM
 #16

No i will neither join them nor promote them to anyone. All of the MLM are ponzi and will scam on end, the one who will be in lowest level can't get their money back. So i don't like to lure others in this shit scams.

I totally agree with your point the persons who are supporting in early days are the main culprits who are supporting the scam and earning it by giving the more users and supporting the scam MLM ponzi scheme and he is also liable for the loss of other lower end users who get caught when this scam runs away.

i will also dont support and wont let my friends and supportive s to support this type of ponzi and scam schemes.














 

 

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February 09, 2017, 01:38:58 PM
 #17

Here is a interesting, hypothetical situation. What will you do if there is a MLM scam going on and it is in early stage . It is assuring 10% monthly return in bitcoins (of course it has that referral bonus part as well but it is optional, you don't need referral as you are getting 10% on your investment.).  B'cause of it's early stage, people are investing happily and getting returns monthly. In short equation of incoming source money > outgoing money. By looking at situation, let's say this scam/scheme will go on two more year.   There are some people who rip benefits from these kind of scams/schemes as they invest very early and in large chunk.

Will you invest in such scheme well before it vanishes with bitcoins/money?

No I wouldn't. Apart from the fact that investing in something which will scam a lot of people eventually is not a good thing to do, you might lose your money even investing when it is in early stage, like you said. Because no one knows how long will that early stage last. People are not so stupid nowadays, so they are not investing in such schemes generally. So you might end up being one of a few who invested and thus lose your money due to unexpected termination of the company.

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February 09, 2017, 01:43:59 PM
 #18

One of my biggest mistake i made in bitcoin  is investing in an mlm program. At first it gives me excitement but when the days past it seems like its not good anymore. Asking myself how to get profit with this program.
In my beginning using Bitcoin I was encourage too to invest such like that site.In the first day of my investment I earn but in my second withdrawal they didn't send my profit.So now im not investing MLM site.
Luckily, when I was starting to invest in Bitcoin no proposal to invest in such schemes was presented to me. I only became aware of this when there was an event, two years ago, in which many people lost money on it. From that moment on I became aware of the risks, and decided to focus on more legitimate ways to make money.
Question for you guys: so you know exactly that you were investing in dubious MLM schemes and you still did it?
How exactly do you think investing in bitcoin works? Volatility aside, there is no way to generate high level of income very fast.
Unless of course someone else is destined lose their money in the process.

The problem for MLM schemes is hard start, they need power to move their machine i.e. initial wave of dedicated promoters.
If you're aware that your participation will help them scam others later on then you shouldn't be doing it.


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February 09, 2017, 02:09:02 PM
 #19

Honestly speaking, I did join MLM last 7 years ago, since it is my first time at first I am so excited since the person who invited me really earns a lot of money, and wanted to be like him, so I also join in just 60$ and just to buy every month of their product so I can earn points as well as to invite friends and relatives too. But, I stop it after 6 months, maybe the luck for MLM is not for me.
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February 09, 2017, 02:22:45 PM
 #20

Here is a interesting, hypothetical situation. What will you do if there is a MLM scam going on and it is in early stage. It is assuring 10% monthly return in bitcoins (of course it has that referral bonus part as well but it is optional, you don't need referral as you are getting 10% on your investment.).  B'cause of it's early stage, people are investing happily and getting returns monthly. In short equation of incoming source money > outgoing money. By looking at situation, let's say this scam/scheme will go on two more year.   There are some people who rip benefits from these kind of scams/schemes as they invest very early and in large chunk.

Will you invest in such scheme well before it vanishes with bitcoins/money?

The scheme you indicating is not consider MLM. It is a type of HYIP or Ponzi. MLM refers to Multi-level marketing and consider legit by some people. It has all to do with referrals. Now coming to HYIPs, yeah! there has been a significant rise in their number over last year. Main reason is people's greed to get more and more. Mahatma Gandhi had better said-
"There is enough to satisfy human needs but not greed."
These HYIPs' owners, I would better say Web Serial Scammers took advantage of this human aspect and make big money.
Another aspect is unawareness among people. They think such opportunities are legit to increase their Bitcoin!
However, if someone ask me, I completely reject investing them regardless of time.

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