Crypto Pyramid Schemes are still Amongst Us

[salad daging]

I support your statement, as a warning for all of us, especially new players. Crypto is not far from a scam and many people think crypto can provide huge profits overnight so there is a great chance of getting entangled in a crypto pyramid scheme

I have experienced that, when I was a beginner who entered the world of Crypto but I chose the wrong way to join an online business that pays Bitcoin, MMMGlobal by Mavrodi. I'm sure many friends here have also joined there before. It was an online business with a Pyramid scheme that was very popular at that time.

This business has been around for a long time and continues to grow, in the past mavrodi implemented a hyip system using fiat, after the crypto boom three years ago, I felt MMM and other similar websites would use crypto, and the fact is true, the crypto investment climate has worsened since their arrival, It's better not to follow and even forget them, and focus on crypto that already has a reputation.

[Sendi blackspade team]

I support your statement, as a warning for all of us, especially new players. Crypto is not far from a scam and many people think crypto can provide huge profits overnight so there is a great chance of getting entangled in a crypto pyramid scheme

I have experienced that, when I was a beginner who entered the world of Crypto but I chose the wrong way to join an online business that pays Bitcoin, MMMGlobal by Mavrodi. I'm sure many friends here have also joined there before. It was an online business with a Pyramid scheme that was very popular at that time.

This business has been around for a long time and continues to grow, in the past mavrodi implemented a hyip system using fiat, after the crypto boom three years ago, I felt MMM and other similar websites would use crypto, and the fact is true, the crypto investment climate has worsened since their arrival, It's better not to follow and even forget them, and focus on crypto that already has a reputation.

only for the new crypto investment market which I think is deteriorating. whereas crypto investments which are already large and can be traded, I think still can survive. it is only a matter of time, all will improve I believe it.

[JeotQ]

Few projects in crypto world are running pyramid scheme as well not just old styles like MMM or HYIP websites, for example i heard about miracle tele scheme that pays staking reward with money from token buyers and later everything crashed, when a project reward is too good to be real then it's probably a pyramid scheme operation

[Davian144]

Few projects in crypto world are running pyramid scheme as well not just old styles like MMM or HYIP websites, for example i heard about miracle tele scheme that pays staking reward with money from token buyers and later everything crashed, when a project reward is too good to be real then it's probably a pyramid scheme operation

Projects that use pyramid and HYIP schemes will always be stuck and will not last for a long time, so it's better to choose a project that is already real rather than following a project that uses both schemes.

[mamahdedeh]

Few projects in crypto world are running pyramid scheme as well not just old styles like MMM or HYIP websites, for example i heard about miracle tele scheme that pays staking reward with money from token buyers and later everything crashed, when a project reward is too good to be real then it's probably a pyramid scheme operation

Projects that use pyramid and HYIP schemes will always be stuck and will not last for a long time, so it's better to choose a project that is already real rather than following a project that uses both schemes.

many victims have fallen prey to the pyramid system. the members who will last feel the impact. but for those who participate in the beginning there must be a big profit. but overall the system is detrimental. and developers who enjoy the most luck

[gabmen]

Few projects in crypto world are running pyramid scheme as well not just old styles like MMM or HYIP websites, for example i heard about miracle tele scheme that pays staking reward with money from token buyers and later everything crashed, when a project reward is too good to be real then it's probably a pyramid scheme operation

Projects that use pyramid and HYIP schemes will always be stuck and will not last for a long time, so it's better to choose a project that is already real rather than following a project that uses both schemes.

many victims have fallen prey to the pyramid system. the members who will last feel the impact. but for those who participate in the beginning there must be a big profit. but overall the system is detrimental. and developers who enjoy the most luck

Well as long as there are people who'd willingly fall to these schemes in hopes of easy money, they'll be here one form or another. There will always be people who base their decisions what other people tell or or some sweet talk without actually making a research about what they're dealing with. It's a process that will keep on repeating itself as long as there are fools willing to be victims.

[topbitcoin]

Few projects in crypto world are running pyramid scheme as well not just old styles like MMM or HYIP websites, for example i heard about miracle tele scheme that pays staking reward with money from token buyers and later everything crashed, when a project reward is too good to be real then it's probably a pyramid scheme operation

Projects that use pyramid and HYIP schemes will always be stuck and will not last for a long time, so it's better to choose a project that is already real rather than following a project that uses both schemes.

many victims have fallen prey to the pyramid system. the members who will last feel the impact. but for those who participate in the beginning there must be a big profit. but overall the system is detrimental. and developers who enjoy the most luck

Well as long as there are people who'd willingly fall to these schemes in hopes of easy money, they'll be here one form or another. There will always be people who base their decisions what other people tell or or some sweet talk without actually making a research about what they're dealing with. It's a process that will keep on repeating itself as long as there are fools willing to be victims.

You are right, although people already discuss and warn others, there are some people who really have speciality to make money with that way. We talk beside new people who usually trapped into scammer who do pyramid scheme. Because newbie or not, people will look easiest way to make money.

[robelneo]

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.

Some of these have already leveled up, so investors especially those are new to investing to do your s thorough research, we never there's another OneCoin looming, we are nearing in another bull run and many of the projects here are gearing for massive promotion because we all know, investors will always in FOMO every time there is a big pump ongoing.

[sangjoewara]

many victims have fallen prey to the pyramid system. the members who will last feel the impact. but for those who participate in the beginning there must be a big profit. but overall the system is detrimental. and developers who enjoy the most luck

That's right, and for those who have felt disadvantaged by the system will definitely not try again in another place, and it is our duty to inform others that there are no new victims.

[kaneki007]

I already know about the pyramid scheme and always be careful when investing. I once made the mistake of believing in a project like that and in the end I was exposed to fraud until I regret it until now. Hopefully investors will be more careful in choosing projects.

[Thomas-s]

I already know about the pyramid scheme and always be careful when investing. I once made the mistake of believing in a project like that and in the end I was exposed to fraud until I regret it until now. Hopefully investors will be more careful in choosing projects.

those people who have remained on the market investing in pyramidal schemes because they want fast money and they think that they can cover their losses that altcoins brought to them. and always when people are looking for quick and easy money and they are poorly assessing the risks - they lose the remaining money. People will not stop investing in scammers until they will learn how to control their greed

[Harlot]

Experience?  If you are looking for a way to fall into scam then looking for experience is one of the best ways to go. Experience like credentials, projects, accomplishments, and background history is something a scammer could easily fake and a lot of newbies can be fooled by this. Still looking at offers or earning potentials that are too good to be true is the best thing to spot a scam. Those high yield and fixed daily payments are something you need to see to identify it being a scam.

Maybe the author of the post under the team's experience meant her previous achievements. Maybe they have other projects that have been very successful and it would increase the confidence in such a team.

I don't think you understand what the OP is saying or you are reading the post correctly. He is basically saying to know a scam you must look at their experience to see if it is worth the shot which in any case isn't a good idea especially when you think about how scams fake their identity and credentials to fool a lot of people.

[TWW]

many victims have fallen prey to the pyramid system. the members who will last feel the impact. but for those who participate in the beginning there must be a big profit. but overall the system is detrimental. and developers who enjoy the most luck

That's right, and for those who have felt disadvantaged by the system will definitely not try again in another place, and it is our duty to inform others that there are no new victims.

New victims of scammers are people who have just come to the crypto investment market. for old people, I think it has become more careful with the investments made. unfortunately, there is no definite control for reducing scammers. that's what makes new people feel cheated by crypto and make the news that crypto is an asset that is not worth having.

[crisanto01]

many victims have fallen prey to the pyramid system. the members who will last feel the impact. but for those who participate in the beginning there must be a big profit. but overall the system is detrimental. and developers who enjoy the most luck

That's right, and for those who have felt disadvantaged by the system will definitely not try again in another place, and it is our duty to inform others that there are no new victims.

New victims of scammers are people who have just come to the crypto investment market. for old people, I think it has become more careful with the investments made. unfortunately, there is no definite control for reducing scammers. that's what makes new people feel cheated by crypto and make the news that crypto is an asset that is not worth having.

There are lots of scammers out there who becomes evolved too and more clever when it comes to scamming people, they even have a working product that they will show the world that it is running and that they are not scam, and if you are new to crypto or not taking extra cautious you will believe and fall into their trap, so be very careful and don't be after what they promised,

[Endikadija]

many victims have fallen prey to the pyramid system. the members who will last feel the impact. but for those who participate in the beginning there must be a big profit. but overall the system is detrimental. and developers who enjoy the most luck

That's right, and for those who have felt disadvantaged by the system will definitely not try again in another place, and it is our duty to inform others that there are no new victims.

The problem is when there was a platform who was promoting it use the common scheme but the scammer was changed it into the pyramid scheme at the middle of the campaign. This thing is very difficult to be identified.
Plus token becomes one of the project that was doing it.
Never try to join in the suspicious project is the best thing that we can take it as step to avoid scam project especially pyramid scheme project.

[romero121]

Pyramid schemes are quite popular long back itself. There are people who have got successful earning big out of these schemes. Same time there are more and more people who have lost big out of this schemes losing to the scammers. Recently even one of the cryptocurrency that had good market has got to be a scam-bitconnect.

[Palider]

Pyrmiding schemes, Hyip investment,  ponzi schemes, Bitcoin doubler and many more.

That's all I've been through and gone through, And I'm not making money here because I'm always a victim. So my advice to newbies. Avoid such investments and expand your knowledge on bitcoins and altcoins and seriously read and participate in the forum discussion. Because this will be the key to achieving your goals for 2020.

[davinchi]

As long as there are people who fall for it, there will be scammers around us. There were scammers literally 2000+ years ago and there are ones here as well today. Look around you, you must know at least one person who was scammed.


Just recently our cleaner got scammed on instagram for example, she got a text from her "cousin" and she just chatted and she thought she was getting free grocery points to buy stuff there and instead she lost her money by giving them her credit card info, in no period of all of this she actually considered calling her cousin and talk on the phone. So, there are tons of people who will believe in a ponzi scheme while telling everyone it is not a ponzi, that is what ponzis do best, convincing people they are not a ponzi scheme while scamming them.

[disconnectme]

Anyone that is greedy of gains will fall into the trap of these Pyramid schemes. they do come and go to rebrand themselves, it is not only about newbies but also some senior members, when you discover that it is too good to be true then it can't be true. We will see more of then in the next bull run

[desticy]

As the practice worked out over the years shows, pyramids are a very profitable thing for those who create them. People have been aware of the phenomenon of the pyramids for at least 30 years, and nevertheless, more and more new pyramid schemes appear in which people continue to carry their money in the hope that this time they will be lucky and they will manage to withdraw their profits. This is extremely reckless and not far-sighted.