Crypto Pyramid Schemes are still Amongst Us

[VDraci]

This is new year and i expect newbies to get smarter, be careful of new projects that are nothing but pyramid schemes, Multilevel marketing schemes or pyramid schemes may likewise be utilized to swindle crypto investors. Such new companies guarantee enormous degrees of profitability inside a brief period, and regularly convey different individuals to rope in new members. When the part list gets generous and the fraudsters get a sizeable store, they evaporate, leaving all investors seething. The most ideal approach to distinguish such schemes is to take a gander at the project's experience. Such projects will in general evade any perceived organizations or bureaus and have next to no undeniable foundation data, be very careful and limit your losses this new year, all the best.

[1714857568]

1714857568

[1714857568]

1714857568

[1714857568]

1714857568

[chaoscoinz]

This is new year and i expect newbies to get smarter, be careful of new projects that are nothing but pyramid schemes, Multilevel marketing schemes or pyramid schemes may likewise be utilized to swindle crypto investors. Such new companies guarantee enormous degrees of profitability inside a brief period, and regularly convey different individuals to rope in new members. When the part list gets generous and the fraudsters get a sizeable store, they evaporate, leaving all investors seething. The most ideal approach to distinguish such schemes is to take a gander at the project's experience. Such projects will in general evade any perceived organizations or bureaus and have next to no undeniable foundation data, be very careful and limit your losses this new year, all the best.

One of the hardest things to practice in the crypto sector is practicing your due dillgence. It is something I try to push myself to remeber but often find my self being lazy and doing half assed work. It is important to research very thoroughly until your sure it is a legitimate investment because it seems as though the schemes are growing.

[adjed]

To simplify it for the newbies, let me just give them a simple explanation of what to avoid...
When any investment tells you to send them funds and they promised to double the funds in a small amount of time and send back your funds to you with the profit, then you should Definitely stay away from that investment.
That is what we call an HYIP or Ponzi scheme and it never ends well, Pyramid schemes ain't much better too, these are schemes that robs Peter to pay Paul and some of them are just blatant scams that doesn't pay even the first set of people, you don't wanna start 2019 with a loss.

[kindbtc]

Yes and interestingly some of them appear completely legit just like Miracletele that claim to be the one and the only blockchain based telecom operator in the world with bi-weekly profit sharing and community believed it untill it collapsed few months ago as the amount of funds going out exceeded incoming funds and thus they stopped paying confirming the ponzi model of the project.

[imutlinda]

projects with a Pyramid scheme can indeed make people fooled, especially newcomers who want quick profits, because of their unrealistic thoughts, they will easily join projects like that. for me it would be better to stay away from the Pyramid project because it will not be much profitable, it can actually be detrimental to the investment being carried out.

[SolarWindMiningCompany]

This is new year and i expect newbies to get smarter, be careful of new projects that are nothing but pyramid schemes, Multilevel marketing schemes or pyramid schemes may likewise be utilized to swindle crypto investors. Such new companies guarantee enormous degrees of profitability inside a brief period, and regularly convey different individuals to rope in new members. When the part list gets generous and the fraudsters get a sizeable store, they evaporate, leaving all investors seething. The most ideal approach to distinguish such schemes is to take a gander at the project's experience. Such projects will in general evade any perceived organizations or bureaus and have next to no undeniable foundation data, be very careful and limit your losses this new year, all the best.

How can they learn when they are clearly after crypto miracles from testimonials shared by their friends. Newbies don't learn to walk the path anymore or have the patience to learn the industry. They just want to make the thousands of dollars abound in the market . Crypto ponzis and hypis and scams will keep reaping them off till they learn

[Yudhisthir]

One of the reason why they still exist is there's no clear line between a legit project or a Ponzi. Miracletele was surely a Ponzi from the start but when I called it so, I was bashed by people in this forum. Because they were having a profit from it.
Similar are many products that would give profit to early users and go bust sooner or later.

[Greatchu]

There are other things to avoid as well like pump and dump coins, some coins will start with very promising developments and later disappoint along the way, it's better to learn how to do research on projects

[boris singer]

it's better to bet or trade margins, even though the risk is the same but the process and results are not controlled by others. unfortunately the comments about Miracletele above once held a campaign on this forum, need to be more careful to follow many things so far this year. Ponzi has always been unable to avoid bottlenecks because it only relies on new user investment networks, and also HYIPs that promise high monthly profits, but end up with fraud.

[semobo]

If someone gives you guaranteed high profits in crypto market then its scam.Never forget that no one can predict the future crypto prices and more likely they just want people to invest and invest until they make enough then they will run away.

[Febo]

Crypto Pyramid Schemes are still Amongst Us

All PoS or masternode coins are ponzi pyramids. Sooner or later they will collapse the same way as all ponzi pyramides so far. And there are plenty out there.

[stephanirain]

This is new year and i expect newbies to get smarter, be careful of new projects that are nothing but pyramid schemes, Multilevel marketing schemes or pyramid schemes may likewise be utilized to swindle crypto investors. Such new companies guarantee enormous degrees of profitability inside a brief period, and regularly convey different individuals to rope in new members. When the part list gets generous and the fraudsters get a sizeable store, they evaporate, leaving all investors seething. The most ideal approach to distinguish such schemes is to take a gander at the project's experience. Such projects will in general evade any perceived organizations or bureaus and have next to no undeniable foundation data, be very careful and limit your losses this new year, all the best.

The problem that I have seen with this issues is that those fraud schemes claim and masquerading as a legit crypto project. They all claim to be using blockchain technology when in fact they don't and are only after the investor's money. Before, it is easier to determine those frauds because they often give unrealistic promises but right now they are also getting clever by copying the strategies of the legit projects. It might be difficult but you can still spot them because they are still copycats.

[ubercool]

I don't know why people are still feeling for this even after all the examples and experiences there are on the web about it.

Crypto Pyramid Schemes are still Amongst Us

All PoS or masternode coins are ponzi pyramids. Sooner or later they will collapse the same way as all ponzi pyramides so far. And there are plenty out there.

What do you think about DIVI..?

[Darooghe]

I don't agree that most crypocurrencies are ponzi and scams. For something to be a scam, there needs to be an intent to defraud and deceive. Most people working in the crypto ecosystem don't seem to have this intent, at least I don't see any evidence for this. Some of them are overconfident and naive, but that alone doesn't mean they are acting in bad faith. also I'm convinced the majority of the investors in these ponzi's are fully aware it's a ponzi, But they expect to make money because they assume they are in early.

[socks435]

I don't agree that most crypocurrencies are ponzi and scams. For something to be a scam, there needs to be an intent to defraud and deceive. Most people working in the crypto ecosystem don't seem to have this intent, at least I don't see any evidence for this. Some of them are overconfident and naive, but that alone doesn't mean they are acting in bad faith. also I'm convinced the majority of the investors in these ponzi's are fully aware it's a ponzi, But they expect to make money because they assume they are in early.

He is talking about new project which is almost new project that promoted here on the forum are scam they are getting free advertise here and social media by giving a scam token or coins.

If you have experience on promoting them these days you will experience some altcoin which is no value or useless coin after release.

it's not the same as before that almost new project release before are legit you can make money first before they are going to die unlike these days that most of them are promoting a project then run after they satisfied about their sales.

[valuater]

I think schemes like this will never disappear, especially in cryptocurrency, even though there have been many actors caught, but there are always new challengers who do this kind of thing because it seems like there are still many people who can be trapped, but I really hope that no one else stuck in this kind of thing because I myself have had enough of seeing this since four years ago but there are still many victims

[South Park]

This is new year and i expect newbies to get smarter, be careful of new projects that are nothing but pyramid schemes, Multilevel marketing schemes or pyramid schemes may likewise be utilized to swindle crypto investors. Such new companies guarantee enormous degrees of profitability inside a brief period, and regularly convey different individuals to rope in new members. When the part list gets generous and the fraudsters get a sizeable store, they evaporate, leaving all investors seething. The most ideal approach to distinguish such schemes is to take a gander at the project's experience. Such projects will in general evade any perceived organizations or bureaus and have next to no undeniable foundation data, be very careful and limit your losses this new year, all the best.

Those kind of scams are always going to be with us because the level of newbies never really improves, let me explain, a person is a newbie when he does not know anything about this market or about investing but wants to get in it, after some time he will learn from his mistakes, the mistakes of others and by absorbing the material that he reads and he will stop being a newbie, but then he will replaced by another person which is just like him before he began his journey and most likely will make the same mistakes, as such scammers have an endless supply of newbies from which they can take advantage.

[Samayuki]

Scammers are more smarter now, they will come with new tactics to deceive investors into thinking they are investing in legit project, stay away from any shady projects, ask them heavy questions and if they can't answer the questions it means they are hiding somethings

[electronicash]

the kind of scam still works for those who are not aware though. those who are new to cryptocurency and are in need of fast money are usually the most who would send money because they are more vulnerable. sending BTC and double it after is very much appealing for someone. if it comes from cointelegraph impostor they really would think its legit which is why they send some. the classic old trick never gets old and this goes for the pyramid scheme as well.

[South Park]

Scammers are more smarter now, they will come with new tactics to deceive investors into thinking they are investing in legit project, stay away from any shady projects, ask them heavy questions and if they can't answer the questions it means they are hiding somethings

But most newbies do not really have the necessary knowledge to question the scammers in a way in which they are going to reveal who they are, most scammers have been around this market for a very long time, most likely they are creating dozens of projects at the same time and they are looking for what is the newest tendency to try to copy it and look legitimate in the eyes of many investors, so scammers are smarter than the average investor in this market and they have to be otherwise they will be unable to scam anyone.