Ponzi scheme and Bitcoin

[fravia]

Ponzi schemes will not stop bitcoin's rise, but the reputation for new investors will be tarnished. Some days, people are more vigilant than in previous years. But with all the investments, altcoin ponzi schemes have begun to come to light where teams are just escaping. New project regulations can be effective in stopping these things. However at the moment they stop only the minority of the criminals

[kapalmabur]

Ponzi schemes will not stop bitcoin's rise, but the reputation for new investors will be tarnished. Some days, people are more vigilant than in previous years. But with all the investments, altcoin ponzi schemes have begun to come to light where teams are just escaping. New project regulations can be effective in stopping these things. However at the moment they stop only the minority of the criminals

Ponzi schemes have been around for a long time, either in real investments, or investments in crypto, indeed today there are a lot of ponzi schemes that occur in crypto currencies, the step you have to look at is to stay away from unclear new projects, analyze the project, of course from fundamental and whitepaper

[fireball4]

pyramid schemes will not stop bitcoin's rise, but the reputation for new investors will be tarnished. Some days, people are more vigilant than in previous years. But with all the savings, altcoin ponzi schemes have started to come to light where teams are just fleeing. New project legislation can be effective in stopping these issues.

[gabmen]

Ponzi scheme alwyas update their working from years to other years, last two years they do not know about bitcoin and accepted payment using PayPal, Payza and using Perfect money as purchase payment by giving profit about 1% until 5% every day, but now after their project failed and many investor not trusted try to make bitcoin label named in their project but have the same with working system before.

Lol. I bet you that even after all these shared experiences and information about ponzis and hyips, there will still be people who will fall for it 😁 that's why i think their schemes would just keep on trying to keep up with bitcoin's progress. At this point in time, crypto users should know well not to waste time and money in these ventures, but the promise of quick, easy money is just too difficult to pass up for a lot of people.

[The Cryptovator]

When bitcoin wasn't much popular, ponzi scammers used some others payment methods to scam people. But when Bitcoin become more popular crypto currency then all ponzi scammers moved into bitcoin. They start their ponzi scheme with bitcoin payment method. So indirectly we can say ponzi scheme would one of reason bitcoin dump. Scammers choose bitcoin for their safety, because its irreversible and can't be trace who is behind of that scam. So when scammers sell big amount of bitcoin, it would effect on bitcoin prices. Because there is lots of ponzi scammers and they are continuously doing that. But that effect wouldn't much longer, since people will buy bitcoin again for invest on ponzi, LOL. It's not surprising to me, still there is lots of investors who believe they could get big return from ponzi. Perhaps some people got profits who came first. That's why more people often jump on ponzi scheme due to greedy nature.

[Darooghe]

In my own opinion Bitcoin was an equivalent of a slow lottery for many people, myself included. I don't think of myself as a great investor, or visionary, or extremely smart. Just like I don't consider these things about anyone who got rich off bitcoin. I got lucky, that's it. And so did they. It is extremely unlikely bitcoin will do 100x from here or even 10x-20x. But we need noobs to believe that it will go really high. they need to put up buying support for someone like me to dump my extremely appreciated coins into, so that I can buy a new Lambo.

[jhonjhon]

Ponzi scheme alwyas update their working from years to other years, last two years they do not know about bitcoin and accepted payment using PayPal, Payza and using Perfect money as purchase payment by giving profit about 1% until 5% every day, but now after their project failed and many investor not trusted try to make bitcoin label named in their project but have the same with working system before.

Lol. I bet you that even after all these shared experiences and information about ponzis and hyips, there will still be people who will fall for it 😁 that's why i think their schemes would just keep on trying to keep up with bitcoin's progress. At this point in time, crypto users should know well not to waste time and money in these ventures, but the promise of quick, easy money is just too difficult to pass up for a lot of people.

Right, there's a lot of warnings from this forum alone about Ponzi scams but there's still a lot of people who fall for this type of scam. It only shows that some people are concern about the returns but not willing to do any hardwork and as we all know Ponzi scams promises investors of higher return of investments without doing anything.

[Zionatin]

Who care if they sell their bitcoin? I hope they sell their bitcoin and never come back. People who invest in ponzis are idiots and you could say they are scammers to if you know how a ponzi works and still invest because your gains come from the loss of victims. We all better off with such idiots out of the crypto universe. We don't need people who promote and support ponzi we better without them.

Ponzi scheme alwyas update their working from years to other years, last two years they do not know about bitcoin and accepted payment using PayPal, Payza and using Perfect money as purchase payment by giving profit about 1% until 5% every day, but now after their project failed and many investor not trusted try to make bitcoin label named in their project but have the same with working system before.

Lol. I bet you that even after all these shared experiences and information about ponzis and hyips, there will still be people who will fall for it 😁 that's why i think their schemes would just keep on trying to keep up with bitcoin's progress. At this point in time, crypto users should know well not to waste time and money in these ventures, but the promise of quick, easy money is just too difficult to pass up for a lot of people.

Right, there's a lot of warnings from this forum alone about Ponzi scams but there's still a lot of people who fall for this type of scam. It only shows that some people are concern about the returns but not willing to do any hardwork and as we all know Ponzi scams promises investors of higher return of investments without doing anything.

The thing is they care about returns they will never get.

[Xxmodded]

Ponzi scheme alwyas update their working from years to other years, last two years they do not know about bitcoin and accepted payment using PayPal, Payza and using Perfect money as purchase payment by giving profit about 1% until 5% every day, but now after their project failed and many investor not trusted try to make bitcoin label named in their project but have the same with working system before.

Lol. I bet you that even after all these shared experiences and information about ponzis and hyips, there will still be people who will fall for it 😁 that's why i think their schemes would just keep on trying to keep up with bitcoin's progress. At this point in time, crypto users should know well not to waste time and money in these ventures, but the promise of quick, easy money is just too difficult to pass up for a lot of people.

Right, there's a lot of warnings from this forum alone about Ponzi scams but there's still a lot of people who fall for this type of scam. It only shows that some people are concern about the returns but not willing to do any hardwork and as we all know Ponzi scams promises investors of higher return of investments without doing anything.

Many people like for investing with ponzi during early could giving much profit but at the middle time for project investment running many member faced trouble with their withdrawing, if you look interested with ponzi scheme project only joining on the early time and never participated after long time running because their fresh balance have been empty.

[AjithBtc]

Ponzi scheme alwyas update their working from years to other years, last two years they do not know about bitcoin and accepted payment using PayPal, Payza and using Perfect money as purchase payment by giving profit about 1% until 5% every day, but now after their project failed and many investor not trusted try to make bitcoin label named in their project but have the same with working system before.

Lol. I bet you that even after all these shared experiences and information about ponzis and hyips, there will still be people who will fall for it 😁 that's why i think their schemes would just keep on trying to keep up with bitcoin's progress. At this point in time, crypto users should know well not to waste time and money in these ventures, but the promise of quick, easy money is just too difficult to pass up for a lot of people.

Right, there's a lot of warnings from this forum alone about Ponzi scams but there's still a lot of people who fall for this type of scam. It only shows that some people are concern about the returns but not willing to do any hardwork and as we all know Ponzi scams promises investors of higher return of investments without doing anything.

Many people like for investing with ponzi during early could giving much profit but at the middle time for project investment running many member faced trouble with their withdrawing, if you look interested with ponzi scheme project only joining on the early time and never participated after long time running because their fresh balance have been empty.

Ponzi scheme and bitcoin always have close relation. This is all because of the scams and Ponzi schemes getting promoted in the name of bitcoin. In a survey about Ponzi traps associated with cryptocurrencies, the majority have fallen without proper understanding. Most were with the thought of investing on bitcoin as the promotion always has some comparison with bitcoin to show their project the best.

[nickenburg]

Would the collapse of a Ponzi scheme effect the price of Bitcoin?
Though a hypothesis that the collapse of the Chinese Plustoken, a classic Ponzi scheme similar to bitconnect or countless others affected the price of Bitcoin, this seem to be accceptible although it's unlikely to be the major factor but distribution of stolen funds correlate very well with market downturns.

I don't think there is going to be a ponzischeme bigger then Bitconnect, in the cryptoworld.
And Bitconnect probably didn't have much impact on the price of Bitcoin, Now also a lot of people know about this kind of practice and they wouldn't get fooled so easily.
If anything Bitconnect made us smarter about the type of scams and magnitude people are willing to to go for.
What I do question if Thether is maybe used for creating a fake higher price, what will happen then if it turns out Thether doesn't have all the money they  put in to Bitcoin.

[Kasabus]

Maybe the other way around,.. the collapse of bitcoin will totally eliminate the ponzi.

That's why there are ponzis in crypto space is because they are using the popularity of crypto to run their ponzi scheme, and those people who are eager to earn but has no or limited knowledge in crypto will always be the victims, even if the market will be regulated, they will still exist though I expect the scams will be minimize.

[Meowth05]

Maybe the other way around,.. the collapse of bitcoin will totally eliminate the ponzi.

That's why there are ponzis in crypto space is because they are using the popularity of crypto to run their ponzi scheme, and those people who are eager to earn but has no or limited knowledge in crypto will always be the victims, even if the market will be regulated, they will still exist though I expect the scams will be minimize.

I don't think that the collapse of bitcoin would eliminate the Ponzi, scammers are everywhere as long as there is money involved they will never be gone. And mostly most of the victims are the people who have no enough knowledge with a certain thing that is why as tips for newcomers always remember that never enter in any field without having any knowledge upon it. Talking the effect of the collapse of Ponzi on Bitcoin, let say that they have a little bit significance in the market because I am pretty sure that they are the one who caused a panic selling on the market because if they did not release it in any exchange they might encounter a problem eventually.