Crypto Pyramid Schemes are still Amongst Us

[South Park]

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

Most projects in the market are HYIP even if they do not call themselves in that way, just to name one example let’s suppose that a coin is going through an ico and they offer a 40% to their first investors, do not you think that is a HYIP? It may seem as if they are just offering a bonus or a discount but in reality they are offering investors the opportunity to multiply their money 40% as soon as they put their money with them but for that to happen someone else has to be willing to pay the ico price for them to get those profits, is it not that the definition of a HYIP?

[luppecuppe]

One of the most important elements of this market is to be diligent. You may have entered this market to generate passive income. But this is not a simple matter. You need to do a lot of research to create this easy gain.

[Yamifoud]

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.

It is definitely between who could decide and think about what is right and what is wrong. If we think that a certain project is questionable and a lot of negative feedback, do we have to risk it? Of course, we should not and even it still have a good and a very considerable offering but because of these bad claims, we have to stay away and find another.

For a lot of existing projects, today and also a number of individuals who take advantage of their anonymity, scams, pyramid scheme or any kind of illegalities were able to arise and that is why we should have to exert effort and spend more time to check each project that we would like to invest with. That is the best solution we can do in order to prevent big losses.

[antsam]

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.

I am also one of the victims of MMM's investment by Mavrodi with fiat. Many people are victims of this business.
Hopefully the crypto business can improve in 2020

[TastyChillySauce00]

Unfortunately these kind of scam will not gonna disappear anytime soon. To think how easy scam with such scheme created and how most of people are falling into the same hole more than twice these kind of practices will definitely always exist because there's a fuel to power it. This shady scam will only gone once people in this world know or educated about pyramid scheme or ponzi which isn't the most likely scenario.

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.

It has existed for so long time ago and already proven to be nothing but scam though what amuse me is how people always got carried out by their greedines and falling into the same hole all over again.

[Endikadija]

One of the most important elements of this market is to be diligent. You may have entered this market to generate passive income. But this is not a simple matter. You need to do a lot of research to create this easy gain.

DYOR is a must but remember about try to take care so much with any awareness that has always been made by people. it can't be called as passive income because the scammers are only distributing the money that acquired from the new victim to the early people who joined in this scam scheme.

[Beparanf]

One of the most important elements of this market is to be diligent. You may have entered this market to generate passive income. But this is not a simple matter. You need to do a lot of research to create this easy gain.

Some were too good in creating schemes that will benefit them, that's why we need to be smarter to analyze whether it will only benefit them or will also be able to benefit us. Researching and studying it throughly whether the project we chose is good is really a must do, preferably before investing.

[istiak2277]

There are still some scam projects running. Experts are already told people about those scam project but still, some people join their project I wonder why they do that. Some people say that HEX is a scam project and the founder of that project is a king of scam but still, people are investing that project.

[South Park]

There are still some scam projects running. Experts are already told people about those scam project but still, some people join their project I wonder why they do that. Some people say that HEX is a scam project and the founder of that project is a king of scam but still, people are investing that project.

I have not heard about that particular project but any new project that comes out should always be viewed with suspicious eyes, why a developer is releasing yet another coin in a market that is infested with them? Unless he can answer very difficult questions about what he is trying to achieve if all what he needs to do to create his coin is to copy and paste some code then you should never invest in a coin like that especially those that come above another network like all of those ethereum tokens.

[ije07]

not only looking at the project experience, but seeing how the background of the team & developer in developing the previous project, if they have a good reputation then the project they manage is also good. although this is not a full guarantee but it is at least quite good than nothing. and it is important for anyone be it new investors or old investors to always be careful in placing money in the form of investment in this industry.

[Lauren Smith]

These pyramid and ponzi sites at for morons. That is not how investments work. You don't get paid out daily. That's ridiculous. If they pay out daily how will they make a profit? They meant to reinvest that money and let you withdraw when you make a request. Automatic daily payouts do not happen with proper investments since its lot of man power. But obviously, scams use a bot that gives out x% each day. This is also impossible. An investment cannot give the exact returns each day. This is why daily returns at bs. They analyze ver a month to figure your stats.

[Plinteng]

not only still, but will always be around us forever. therefore for anyone to continue to research in detail about the project you want to invest in, at least research how the project road map and the team's reputation in managing the previous project. last suggestion not to be tempted by projects that offer you sky-high prizes.

[Bananington]

There are some people who think crypto investment is in HYIP schemes, and do not know much or have zero knowledge about the real investment. Well, it's all about greed and nothing else. How will a scheme promise you very high profits within a short period of time and you think its sustainable? I don't pity those who get scammed by HYIP schemes, they should learn their lesson already.

[batang_bitcoin]

This is now popular to the local places where most of the people doesn't have an idea about crypto. The scheme makes them believe that they have an automatic system that allows everyone to generate money by just making their money sleep on their "accounts" provided by the scam company. And they thought that's the sole system of crypto which forces you to invest to a specific scheme and they don't understand that it's a currency that they can spend to trade and it's not the whole system that they've been fooled.

[South Park]

These pyramid and ponzi sites at for morons. That is not how investments work. You don't get paid out daily. That's ridiculous. If they pay out daily how will they make a profit? They meant to reinvest that money and let you withdraw when you make a request. Automatic daily payouts do not happen with proper investments since its lot of man power. But obviously, scams use a bot that gives out x% each day. This is also impossible. An investment cannot give the exact returns each day. This is why daily returns at bs. They analyze ver a month to figure your stats.

You are right but it is what people want and scammers being as smart as they are give that to them, I agree that to expect a daily return is ridiculous since you never know what the market is going to do and it is impossible to profit from it every day, but even legitimate businesses offer something similar by offering 10% gains each year and while at the beginning they may be able to fulfil that promise they soon find themselves unable to do it and they lose their clients because of it.

[makishart]

not only still, but will always be around us forever. therefore for anyone to continue to research in detail about the project you want to invest in, at least research how the project road map and the team's reputation in managing the previous project. last suggestion not to be tempted by projects that offer you sky-high prizes.

As long as we can manage to avoid it and we will never see that again. As far as i know if the crypto pyramid scheme is just following the trend that was happening. So many ponzi coins have already dead and people aware about what they must do to know if that was a ponzi coin or not. They have experienced with it and scammers are using another way.
Some may get fooled caused by investing in the suspicious project were using camouflage just like bitconnect.

[anjiitem]

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.

It is definitely between who could decide and think about what is right and what is wrong. If we think that a certain project is questionable and a lot of negative feedback, do we have to risk it? Of course, we should not and even it still have a good and a very considerable offering but because of these bad claims, we have to stay away and find another.

For a lot of existing projects, today and also a number of individuals who take advantage of their anonymity, scams, pyramid scheme or any kind of illegalities were able to arise and that is why we should have to exert effort and spend more time to check each project that we would like to invest with. That is the best solution we can do in order to prevent big losses.

I think every thing we will do always has risks and every risk certainly has a great opportunity to make a profit. But taking the risky opportunity depends on each of our choices whether we are sure to take the opportunity or not, even though we know that there are currently many cheats or fraud committed and we really have to be more careful and use more time to observe them before make decisions.

[doctor877]

At this point in time, anyone who has been into crypto for a while won't fall for scheme like this  because it's very easy to recognize no matter how well it's being designed. Crypto investment is ok that requires a lot of patience . Anyone that is offering to make it quick is obviously a scam. Newbies should beware

[terrific]

At this point in time, anyone who has been into crypto for a while won't fall for scheme like this  because it's very easy to recognize no matter how well it's being designed. Crypto investment is ok that requires a lot of patience . Anyone that is offering to make it quick is obviously a scam. Newbies should beware

Yes, we all knew how a scam look like and that's why very few for us will fall for them.
But this isn't about us but it's about those new people in the crypto scene, they are the ones that's likely to fall for them.
They need guidance but sometimes they don't want to be directed by the experienced ones when we're telling them a suggestion.

[nutriagrigia]

This is now popular to the local places where most of the people doesn't have an idea about crypto. The scheme makes them believe that they have an automatic system that allows everyone to generate money by just making their money sleep on their "accounts" provided by the scam company. And they thought that's the sole system of crypto which forces you to invest to a specific scheme and they don't understand that it's a currency that they can spend to trade and it's not the whole system that they've been fooled.

in any country, there are a lot of people who do not understand anything in cryptocurrency and that is why many scammers use it. they use a lot of technical terms to talk about their project and people start to think that they really create a good project. Such projects do not allow the cryptocurrency market to develop, and we must write about new projects in this forum and tell people to avoid such projects.