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Author Topic: Will you invest in a MLM scam in early stage?  (Read 16658 times)
rickadone
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February 09, 2017, 09:55:32 PM
 #41

No i won't for simple reasons, MLM is not allowed in my country and it can get you serious problems with the justice.
Secondly, you are just stealing money from the people who joined after you as you are paid with their money. You are using people to get you a profit on their back. And finally i don't like MLM, legit or scam
MLM is not legal in your country ? It is a news for me. Even gambling is not allowed in my country, I have seen networking and mlm schemes are popular in my country but I heard they are highly regulated. Even it is legal in my country personally I do not prefer working on them as my down-lines will blame me for just introducing them when they are not getting ROI.

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darkangel11
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February 09, 2017, 09:59:36 PM
 #42

No, I wouldn't. Actually if you know your profits will come from the loss of others and knowingly participate you're helping someone commit a crime and the money you've gained from it may be given back to the victims. It usually doesn't happen, because it's very difficult to prove someone knew what he was investing into, but the fact that you can get away with it doesn't change that it's immoral and against the law.

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February 10, 2017, 02:41:38 AM
 #43

The sad thing about these scams is that they never seem to run out of victims. People still fall for too-good-to-be-true types of investments and easily get blinded by the promised high returns. MLMs are very common in my place but not all of them are illegal. The ones that last are those who focus on product selling rather than recruiting more downlines. Scamming others is not good at all, and sooner or later, the karma’s gonna get these scammers, one way or another.
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February 10, 2017, 03:50:58 AM
 #44

Although I have many friends or followers who want to join under my referral link but I would still choose to do not join such a program, because it is like me to hurting and stealing money from friends or my followers. I see many people doing a promo on Facebook to display a screenshot of their income, that makes a lot of people who are interested and involved, but they didn't tell about the high risk and a program like this is not the proper thing to say as an investment.

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February 10, 2017, 04:00:47 AM
 #45

i don't want to join in any MLM programs because i have a bad experience in MLM section and i am lost much of money to join with them. i think there are many of my friend that still join in the MLM programs even if i am telling to them that is not a good option to investing our money to MLM, but they don't listen to me. MLM have a high risk too like other type of investment and for people which being join with MLM, will telling the truth about MLM and will avoid to join MLM programs.


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RoommateAgreement
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February 10, 2017, 04:11:22 AM
 #46

when you know something is a "scam" and it is clear for you then you must stay away, and not try to find a way to go around them and make profit because that is never going to be possible. you will end up losing trying to scam the scammers but they are the one holding your money an who runs away with it, you can never do anything about it.



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February 10, 2017, 05:18:09 AM
 #47

NO!

I'd rather keep my pride than to earn some money from a scam, although no one
is forcing to do it, but it is a matter of conscience and self-dignity.

But I can't feel sorry for those people who got scammed from MLM scams since they know that
there is a high chance that it is a scam and still invests, then it means they are ready to get scammed.

it just annoys me when they start crying about getting scammed and saying bitcoin
is a place for scammers. Undecided

 

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February 10, 2017, 05:26:47 AM
 #48

I would be able to get assured returns in such scam but I won't invest in any such thing which is going to ruin other's investments. I believe that this is a very cheap activity to earn from someone else's loss and I also have faith in karma so I would prefer to suffer loss (in terms of opportunity cost). On the other hand, I never invest in MLM schemes (no matter if it is scam or genuine).

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February 10, 2017, 05:52:35 AM
 #49

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?
In my opinion , if I will be at place or got any condition to invest my money in the MLM in the very begging stage then I will surely invest in it .
Here no doubt that MLM is fully a buisiness of scam only because in MLM everyone just making earning from the newbie who are joining the MLM chain but at the last more people will join MLM because of no interest then at this stage people got no profit and finally the MLM campay will ran with a lot is scam with new users .But here the person who is at top will get much profit than anyone , so it is best to join at the top but never join at the below because this is totally totally and anytime you can loss your investment .


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February 10, 2017, 06:06:33 AM
 #50

when you know something is a "scam" and it is clear for you then you must stay away, and not try to find a way to go around them and make profit because that is never going to be possible. you will end up losing trying to scam the scammers but they are the one holding your money an who runs away with it, you can never do anything about it.
I think it could be the first threat to the users, I know it could have been profitable but the scam is a major risk. and you should know it
but it's up to you to play hyip, MLM, or the like. First you should know the risks.



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Zadicar
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February 10, 2017, 06:11:40 AM
 #51

Answers on these type of question would really be different because there are people who are greedy on money and dont mind that they do earn money from other peoples money which is mainly happening on a mlm scam.For me i wont do it no matter what because i do have a pride on not making advantage among other people.

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February 10, 2017, 06:15:34 AM
 #52

If in day 1 you know that it's already a scam why invest? I wouldn't waste my time and effort in joining those scams (ponzi or pyramiding) because I don't want anyone to fall for it. The reason why this kind of scams survives is there are people willing to invest and willing to recruit people even when they know that eventually this business will collapse. My answer is NO.

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February 10, 2017, 07:17:08 AM
 #53

Even if it's guaranteed that my investment will be doubled and be returned in one month? still no!
Participating in a scheme that you think has a high chance of being a scam makes you a scammer too, it doesn't matter if you
didn't scam the members literally you still made the scam possible by investing and by doing that the site will gain trusts
thus making the scam a lot easier.

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February 10, 2017, 07:31:44 AM
 #54

No i won't for simple reasons, MLM is not allowed in my country and it can get you serious problems with the justice.
Secondly, you are just stealing money from the people who joined after you as you are paid with their money. You are using people to get you a profit on their back. And finally i don't like MLM, legit or scam
MLM is not legal in your country ? It is a news for me. Even gambling is not allowed in my country, I have seen networking and mlm schemes are popular in my country but I heard they are highly regulated. Even it is legal in my country personally I do not prefer working on them as my down-lines will blame me for just introducing them when they are not getting ROI.

For me not all MLM are are stealing money from the people who joined. MLM is good only for direct selling concept which you are selling goods that are consumables. But MLM in online system I'm against with it, Because most of it are true scummy, especially in crypto currency there is coins at touched by the MLM system. I'm not in favor with it. They're usually run away in the end.


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February 10, 2017, 08:15:31 AM
 #55

I will not invest in an MLM even if I know that I will earn if I join in it in an early stage. If you ever refer someone down the line and later on the MLM company closes, they will put the blame on you for sure and would possible strain your relationship with someone specially if you refer your friends or families and they invest on it then loses the money in the long run.
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February 10, 2017, 08:21:37 AM
 #56

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.
Nope, it is not pure HYIP product. It is borderline  HYIP but certainly not ponzi. Because in ponzi there is no product involved, investor invest only money and get high returns. That is why many scammers turned to cloud mining. By the way any MLM scheme (pyramid) where you need to get two or more people to earn more is nothing but scam. It is consider as legit who are part of MLM only.

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lordquanta
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February 10, 2017, 08:31:02 AM
 #57

I'm really happy to see people are reacting positively with their conscience at right place.  The MLM scam/scheme i was talking about was bitcoin cloud mining where ~10% monthly return on investment was guaranteed.  It is open secret now that bitcoin mining is NOT profitable anymore to handover 10% profit per month. Thus for me it was obvious that  these profits or 10% return must be coming from somewhere else that is fresh investments from users who are reinvesting. It would run till fresh income is greater than outgoing expense. Those who are still investing in  cloud mining MLM scheme (for them it is a get rich fast scheme and not scam) its golden opportunity which will last for two/three years.

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February 10, 2017, 08:42:28 AM
 #58

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.
Incorrect, if you join MLM in early stage, you'll get your investment back with profit. Because these kind of schemes/scams last at least for 1year/2year and with 10% per month,  your investment is returned at 10th month and next two or more months is all profit. Thus time to join MLM is very very important. If you join MLM at later stage, loss is inevitable.
The reason I said it is a scam, because I've figured out that scheme as scam. People who are investing or have invested tried to convince me had false information about bitcoin mining. They are believing in any cock and bull story told by senior leaders/promoters.

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February 10, 2017, 08:55:17 AM
 #59

I will not invest in an MLM even if I know that I will earn if I join in it in an early stage. If you ever refer someone down the line and later on the MLM company closes, they will put the blame on you for sure and would possible strain your relationship with someone specially if you refer your friends or families and they invest on it then loses the money in the long run.
You seems have a lot of experience on something like HYIP and MLM isn't it? Cheesy
It was the dumbest idea to do invest on 100% guaranteed scam services , never try even for once.
It is dirty business and i guess people nowadays smart enough to avoid this kind services.

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February 10, 2017, 08:58:53 AM
 #60


No, if it will go on more than two-year and I guess it's just a speculation and you do not know about it in the future.

I'll never try to take a high risk for my money. For entirely I will stay away. It's so terrible to put some of my money in there and looks like i just try to give a free loan for the scammer.


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