PONZI SCAMS ARE STARTING TO RISE

[onyebuchi81]

Talking as a victim of a ponzi scheme myself,i will not advice any body to take part in any ponzi scheme or get rich quick platform. There are no winners in it except the admin of the site. U should avoid it like a plague. It's just unfortunate people will always fall for it.

[Teawhalee]

I have seen some of them lately coming up with different ideas and tricks. I believe this schemes doesn't have anything to do with the Bitcoin value and price.

[Dongman2]

All in the guise of making quick returns on investment, some people believe anything said or thrown at them just like this.  This is serious giving the cryptocurrency as a whole a bad name and publicity as the imminent failure of this scheme would be put on cryptocurrency and not the people's greediness.

[RomanPetrush]

It's not starting, we are already in Ponzi financial scheme Euro, dollar, everything is a Ponzi scheme. This schemes started long ago before our birth.

[ribowo76]

There are many such scams using bitcoin. And finally, that kind of thing that eventually led to a negative perception for bitcoin. This negative perception arises, especially from people who are still unfamiliar about bitcoin. Very sad 

[LOVEUMUM]

Thisn schemes have been in existence for long and has been the woes for many but i still wonder how people still buy the ideas of ponzi. M y dear just be vigilant and dont be at the mercy of them. They are on the increas and bet you is first come first served amatter.

[ngamuk tok]

there must be a solution to overcome this problem, this also has a bad impact on bitcoin. people who deliberately bring the name bitcoin to deceive others then make money. I really hate that (all kinds of fraud).

[sheyicrypto]

This will be very rampant because some people are  not patient enough to stand what is happen they will be looking for way out and they will enter into wrong hand which will maximise their weaknesses and use it to make more more from them

[Thundermike]

This can lead to the banning of bitcoin in water if it continues to be used for phishing. The bitter truth about this is that the first participants will benefit most from this platform while the last ones will be severely compromised. BTc this is the gold to lose no

[burky156]

This is very sad to hear and actually i know it from last 6 months.. I started to work with ICO's bounties in 2016 and that time everthing was fine. There were not many scams and the ICO's usually got the softcap at least and start their plans. But when i look today it is horrible, most of ICO's can't reach the soft cap and more than %25 is scam. I feel very uncomfortable with it..

[tunapa]

it has always been on. ponzi isnt going to die. everytime new one emerges, it has a way of bringing in people to come and participate. people are the ones to decide whether they will participate or not so it isnt by force.  this isnt new. particpate only if you are ready to risk what your money. the word is enough for the wise. 

[TitanAI]

I don't think there is such a thing as a ponzi scam rise anywhere in the world, Ponzi schemes exist since Charles Ponzi pulled the first highly profitable scheme in 1920 for which he was arrested.
For a long time, there was the $ USD as an investment method and it didn't make a bad name for the USD.
Therefore I don't think it is giving Bitcoin a bad reputation but a bad taste in people's mouth that want to get rich fast but get scammed instead.

[aoluain]

It is too easy for these schemes to start up and dissapear at will. They are targeted
at newcomers to crypto and to a lesser extent gamblers. The operators know that
many newcomers dont have economic and/or education because crypto can be
accessed by anyone.

The rewards in the schemes are very attractive and for the newcomer very alluring.
The design of the sites are very proffessional with all sorts of tools to make them
appear legitimate.

Its a pity that not all people can see through the scam and high rewards.

[Heidi Farrell]

Where is your proof that Bitcoin is “definitely” a Ponzi scheme? Bitcoin is not a fraud, there’s no real evidence to prove that (if you have, please share). Ponzi schemes, by definition, are built on fraud. Bitcoin introduced blockchain technology, an open ledger, which the U.N. and major global banks are copying now to create their versions of tokens/currencies. You might have confused bitcoin with pump and dump ICOs. Bitcoin is not one of these.

[Camilla Gill]

If Bitcoin is a Ponzi Scheme, then it will be the greatest Ponzi Scheme in the history (especially if you factor in the amount of money people investing in building the mining or farm for the Bitcoin). Hence in the future it won’t be called PONZI scheme anymore.Any Ponzi scheme will be called SATOSHI scheme.

Nah, I don’t believe Bitcoin is a Ponzi Scheme…

[cizatext]

Ponzi scam have been a major challenge to the growth and reputation of bitcoin because most of the ponzi scheme have drive the mean of using bitcoin in other to evade being trace and that have made people to view bitcoin it self as a scam, this happening have contributed to the fall in price of bitcoin became many potential investors are chest away due to fear of losing they money in bitcoin.

[VaryTime]

This is the truth. Ponzi scam are everywhere, that's why we should be careful

[salimRonn123]

When the rate becomes 9 to 1, the market starts to change and grow back. Growth will only be when most people stop believing in more positive events, but meanwhile we are witnessing a new wave of growth and card income. When these people are scammed, they will not say it's a ponzi program anymore, but, they will talk about the crypto continue to fake its image. Saying as a victim of a ponzi program myself, I would not advise any body to participate in any ponzi program or have a rich background. You should avoid it as a plague. I have seen some of them recently come up with different ideas and tricks. All in the guise of making a quick return on investment, some people believe anything said or thrown at them like this. It did not start, we had in Ponzi Smiley Euro financial plan, dollar, everything was a Ponzi scheme.

[btc_angela]

Ponzi scam have been a major challenge to the growth and reputation of bitcoin because most of the ponzi scheme have drive the mean of using bitcoin in other to evade being trace and that have made people to view bitcoin it self as a scam, this happening have contributed to the fall in price of bitcoin became many potential investors are chest away due to fear of losing they money in bitcoin.

Exactly, every bad news was taken a toll on the market specially if media are going to sensationalised it. Mostly, investors tend to shy away and government are highlighting it to make a case against crypto because its being abused and used to victimised a lot of innocent people.

[learntonoob]

Not many people can realize that. High ROI is a signifant fishing rod of all scams