Ponzi Scheme 101

[cocadalcan]

No matter how you warn people against scams, they still keep falling into it, recently there was news of another Ponzi scheme that exited with customers' money.


This time is about trading digital assets and with a guarantee profit on daily basis, this make the offer attractive to the greedy forks, that thinks such offer are good fast way to make money, but in the end they get robbed.

The problem now with people is that, some of these people already know that these schemes are obvious ponzis and that they may collapse or exit at no distance time, but rather than running away from them, they’d rather choose to go in and see if they can get some little profits before the Ponzi scheme collapse and exits. So actually does succeed in doing so, while some end up getting rug pulled on the process.

If they had known in advance these people would not have joined this uncertain project. Many new people are entice by the developers involved in these schemes with the hope of high profits. Many newbies do not want to ignore this tempting opportunity to get high profits in a short time, so some of them take risks. The reason why new people are more involved than running away from these schemes is the hope of getting rich in a short time and the tempting offer of making a lot of profit against the capital.

[BitBakerr1]

No matter how you warn people against scams, they still keep falling into it, recently there was news of another Ponzi scheme that exited with customers' money.


This time is about trading digital assets and with a guarantee profit on daily basis, this make the offer attractive to the greedy forks, that thinks such offer are good fast way to make money, but in the end they get robbed.

The problem now with people is that, some of these people already know that these schemes are obvious ponzis and that they may collapse or exit at no distance time, but rather than running away from them, they’d rather choose to go in and see if they can get some little profits before the Ponzi scheme collapse and exits. So actually does succeed in doing so, while some end up getting rug pulled on the process.

Yes, you are correct, I know someone who was aware that what he is investing in is a ponzi scheme, but the reason why he decided to invest in it is because he believed that he is going to make some profit and then exit before it crashes.
There are people who love Ponzi scheme, when they see one they know it is a ponzi scheme, but they believe they can go into it make profit and exit before it crashes and they take it as a side hustle.
Some of these people lose sometimes and gain sometimes but what makes me angry is them inviting other people and telling them it is genuine meanwhile it is not and they know it.

[Xackie]

If a person gets scam even though we already remind them of what is the danger then its already their fault because  we did remind them of ponzi scheme and what will happen, its already their responsibility as a person to protect themeselves, what ever happen to them is their fault , we dis our part to protect them.

You are right. I always urge people to develop the habit of doing their own research before putting money into something they have no slight idea about. There are some type of scams that looks real and someone can easily fall for them. Some scammer will go to an extra length of creating a good websites, using fake testimonials that make their stuff look real. But if someone decides to calm down make more deep finding it will really help them alot. Sometimes they might even know that it's a scam but greed and blind risk taking will deceive them to try it out due to the unrealistic returns it promises to give. Which is why I don't pity them when they lose their money to scammer. They have been warned several times but they refuse to take heed.

No matter how you warn people against scams, they still keep falling into it, recently there was news of another Ponzi scheme that exited with customers' money.


This time is about trading digital assets and with a guarantee profit on daily basis, this make the offer attractive to the greedy forks, that thinks such offer are good fast way to make money, but in the end they get robbed.

You know why most of them fall into that trap again? Sometimes it's because of the testimonials they hear from real people's mouth (maybe a friend, neighbour, family made profit).  There're some non crypto related ponzi scheme (Money doubling type e.g Nigeria MMM) , in these ones the early birds would profit and start preaching to people to join . By showing them the actual profit they made, so anyone who sees it will be easily swayed to join even when they have been warned about ponzi schemes. They've completely lost their sense of thinking because now , they have already seen an actual profit being made. But what they don't know is, that's actually the main plan of those scammers.  They will gladly give the early birds profits , then more people (x2-10 of the early birds) will rush in to invest into their platform and that's when the scammers would steal people money and run away with it. This happens countless of times and people even when they are being cautious, they still fall for it .

[L E G E N D A R Y]

Yes, you are correct, I know someone who was aware that what he is investing in is a ponzi scheme, but the reason why he decided to invest in it is because he believed that he is going to make some profit and then exit before it crashes.
There are people who love Ponzi scheme, when they see one they know it is a ponzi scheme, but they believe they can go into it make profit and exit before it crashes and they take it as a side hustle.
Some of these people lose sometimes and gain sometimes but what makes me angry is them inviting other people and telling them it is genuine meanwhile it is not and they know it.

And as funny as it may sound, some people have already gotten used the the schemes, not like they predict exactly when the ponzi would rug pull, but they already have that mindset that it would, and still decide to gamble on it, and for those who actually do Ponzi scheme, this is actually the best way to approach it. Sometimes what makes Ponzi really destructive and dangerous is the fact that people go in totally oblivious of the fact that they can actually lose everything in such investments, and so they go in without properly calculating the risks. But going in with the mindset and understanding of what they’re actually getting into actually helps them set realistic expectations and properly manage the risks and of course make their expectations realistic, that way even if the ponzi crashes, they must’ve already prepared for it.

[Nightwatchmare]

Yes, you are correct, I know someone who was aware that what he is investing in is a ponzi scheme, but the reason why he decided to invest in it is because he believed that he is going to make some profit and then exit before it crashes.
There are people who love Ponzi scheme, when they see one they know it is a ponzi scheme, but they believe they can go into it make profit and exit before it crashes and they take it as a side hustle.
Some of these people lose sometimes and gain sometimes but what makes me angry is them inviting other people and telling them it is genuine meanwhile it is not and they know it.

That is why a friend of mine was thinking he is going to invest in a ponzi scheme and cash out before the ponzi scheme crashes but he ended being a victim to a ponzi scam, and the sad part is that he borrowed money to invest in the ponzi scheme, right now he is still in debt and he does not know how to pay back the debt. Some ponzi schemes, the more you invite people into it the more you earn referral bonus and cash out big. So the people who invite people into a ponzi scheme knowing very well the people they are investing might lose their money are doing that for referral bonus and for them to cash out big before the ponzi scheme crashes.