Did anyone try to "gamble" with ponzi scheme crypto scam services?

[Rodeo02]

The risk is like 99%, damn, I never imagine one would win in ponzi game as it's a scam game, only the scammers organizers will win at the expense of the newbie investors who does not have the experience, playing it is not a legal gambling, it's also similar to scamming people.

It's a Ponzi game so what would you expect? To be honest there are people who wins in it but as you said it's too risky that even if you win you can still lose if the website doesn't want to pay you .

Only greedy can take that risk even they know there's no certainty prizes available to those who will win.

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[pungopete468]

The risk is like 99%, damn, I never imagine one would win in ponzi game as it's a scam game, only the scammers organizers will win at the expense of the newbie investors who does not have the experience, playing it is not a legal gambling, it's also similar to scamming people.

It's a Ponzi game so what would you expect? To be honest there are people who wins in it but as you said it's too risky that even if you win you can still lose if the website doesn't want to pay you .

Only greedy can take that risk even they know there's no certainty prizes available to those who will win.

I agree I think it's much better to place bet on gambling sites since there's a 50-50 chance you will win rather than on ponzi scheme which is 99% risk. I wouldn't test my luck on that 1% lol.

[Mauser]

Yes, it is okay to feel the sensation of gambling through a ponzi scheme. We know that this kind of business is determined by the saturation point of users, because their efforts will not always be smooth in inviting new users. The fewer new users, the closer the risk of losing. The problem is we don't know how long this scheme has been established and where it has reached the risk.

The risk is like 99%, damn, I never imagine one would win in ponzi game as it's a scam game, only the scammers organizers will win at the expense of the newbie investors who does not have the experience, playing it is not a legal gambling, it's also similar to scamming people.

All the people who withdraw from a ponzi scheme before it goes bust are winners who likely earned a great return. A successful ponzi scheme needs people to make money so they will attract new peoole
Sure the most people will get burned in such a scheme but if you have insider information and know in advance when to withdraw you could make it work.

For me personally the risks are just to high, I am trying to avoid such systems. Also all potential winnings could be declared illegal and you would have to repay them.

[Hamphser]

Yes, it is okay to feel the sensation of gambling through a ponzi scheme. We know that this kind of business is determined by the saturation point of users, because their efforts will not always be smooth in inviting new users. The fewer new users, the closer the risk of losing. The problem is we don't know how long this scheme has been established and where it has reached the risk.

The risk is like 99%, damn, I never imagine one would win in ponzi game as it's a scam game, only the scammers organizers will win at the expense of the newbie investors who does not have the experience, playing it is not a legal gambling, it's also similar to scamming people.

All the people who withdraw from a ponzi scheme before it goes bust are winners who likely earned a great return. A successful ponzi scheme needs people to make money so they will attract new peoole
Sure the most people will get burned in such a scheme but if you have insider information and know in advance when to withdraw you could make it work.

For me personally the risks are just to high, I am trying to avoid such systems. Also all potential winnings could be declared illegal and you would have to repay them.

Then who would you consider to be your insider on telling you that you should exit as early as possible yet the ponzi will already collapse? None for sure unless if you are the owner/creator itself. 

Risk is way too high but there are people who do love to play with fire but if you do able to exit on the right time then that would really be an easy profit on a very short duration

but it is recommendable? no it isnt but if you do love to gamble then you can try it anytime because not all newly started ponzi's would even last up for 24 hours where they do usually ran away half-way.

[maydna]

All the people who withdraw from a ponzi scheme before it goes bust are winners who likely earned a great return. A successful ponzi scheme needs people to make money so they will attract new peoole
Sure the most people will get burned in such a scheme but if you have insider information and know in advance when to withdraw you could make it work.

For me personally the risks are just to high, I am trying to avoid such systems. Also all potential winnings could be declared illegal and you would have to repay them.

I am sure people who can withdraw from a Ponzi scheme are the luckiest people because it is not easy to join in a Ponzi scheme. That website is not online for a long time, but most of that site only online for less than one month, so people who can join in the beginning the site online will have that luck. I think that is a big gamble, and usually, people who have experience from that site will check how long the site is already running, and if the site online for less than 3 days, they will try to join, but not with big money.

We need to avoid such systems because the chance to make a profit will not be too big. We can search for another method to profit, and I am sure that we can get it.

[Fredomago]

The risk is like 99%, damn, I never imagine one would win in ponzi game as it's a scam game, only the scammers organizers will win at the expense of the newbie investors who does not have the experience, playing it is not a legal gambling, it's also similar to scamming people.

It's a Ponzi game so what would you expect? To be honest there are people who wins in it but as you said it's too risky that even if you win you can still lose if the website doesn't want to pay you .

Only greedy can take that risk even they know there's no certainty prizes available to those who will win.

Very possible for early  takers who able to manage to play / invest in the early stage or those who corporate themselves to the creator itself, that's  the only possibilities else, it will all risky and by luck to earn, not worthy as  chance of winning is very slim. Like what the post above you said it's 99% the remaining still in question if that 1% are for real or if the owner will pay you up.

This kind of scheme should never be entertained not even you manage to succeed from try, think of those people who lose their money even it's their greediness still that's solid money that the creator will run with them.

[noorman0]

The risk is like 99%, damn, I never imagine one would win in ponzi game as it's a scam game, only the scammers organizers will win at the expense of the newbie investors who does not have the experience, playing it is not a legal gambling, it's also similar to scamming people.

In fact, the risk level has become 99% when this scheme started running. 1% only depends on survival time.
Someone who tries this game should reduce their sympathy and empathy a little, because the goal is clear this system wants to take money for beginners who do not really understand how to play.

[bitterguy28]

The risk is like 99%, damn, I never imagine one would win in ponzi game as it's a scam game, only the scammers organizers will win at the expense of the newbie investors who does not have the experience, playing it is not a legal gambling, it's also similar to scamming people.

It's a Ponzi game so what would you expect? To be honest there are people who wins in it but as you said it's too risky that even if you win you can still lose if the website doesn't want to pay you .

maybe they allow small winners to make their site looks legit but the thing is what if you hit the jackpot?I'm sure that time they will reveal the true identity of the site as no payments will be given to you.

Only greedy can take that risk even they know there's no certainty prizes available to those who will win.

Nope you are wrong,Greedy people will never risk their money on that ponzi site because they are both greed the site and the player haha

[sayaya17]

Ponzi schemes offer higher returns than other investments, even in the short term will get a high return.
I will not bet on the fonzi scheme platform, because if it’s bad luck, then we’re going to lose our money by the fraudsters.
Even early investment does not guarantee we will benefit. Sometimes on the first day, the platform is no longer accessible.
This should really be avoided, because this false mode of investment only pays the profits of the next investor’s money to invest.

[gaston castano]

the system is more or less like that and most of those who start early will benefit, while those who join a little late will experience losses because usually the project will scam or disappear.
and the method you mentioned is indeed the safest, always secure profit if you have already made a profit and start again from scratch, so that if you have taken 3 times the profit and zonk in the fourth entry it will not be a problem because you are already profitable.

[AicecreaME]

Yes, it is okay to feel the sensation of gambling through a ponzi scheme. We know that this kind of business is determined by the saturation point of users, because their efforts will not always be smooth in inviting new users. The fewer new users, the closer the risk of losing. The problem is we don't know how long this scheme has been established and where it has reached the risk.

The risk is like 99%, damn, I never imagine one would win in ponzi game as it's a scam game, only the scammers organizers will win at the expense of the newbie investors who does not have the experience, playing it is not a legal gambling, it's also similar to scamming people.

All the people who withdraw from a ponzi scheme before it goes bust are winners who likely earned a great return. A successful ponzi scheme needs people to make money so they will attract new peoole
Sure the most people will get burned in such a scheme but if you have insider information and know in advance when to withdraw you could make it work.

For me personally the risks are just to high, I am trying to avoid such systems. Also all potential winnings could be declared illegal and you would have to repay them.

That's the problem here, not all of the people that would gamble their money on a ponzi scam knows it's a scam therefore they would withdraw it before it gets scam. Most of the people, especially those noobs at cryptocurrency would be easily fooled by ponzi scams, since it looks like an easy money but it's not.

The risk on a ponzi scheme is 100%, even if you know it's a scam, there's no way that you'll accurately know every single time when to withdraw your funds. The only way not to be scammed is not to invest in schemes project.

[boyptc]

Gambling and investing are two different kind of things, gambling is where you partake to a game that has probability of winning usually use methods and strategies such as poker and black.
While investing is holding money to an asset or crowdfunding platform expecting profits or return to your investment.

The gamble can be used as a verb in investments which simply means putting into risk.

Like what op is asking, are those people that are still gambling (putting risk) their money even if they know that it's a ponzi scam.

[qwertyup23]

I think I do not need to explain what I mean by ponzi crypto scam. Every week I see at least ten new ponzi scheme scams.

They often offer something like 100% interest per 24h (or something similar). They commonly run for quite a few weeks (or months sometimes) before "they go scam" publicly. The obvious idea how to exploit them is to invest something small at the first day, withdraw it as fast as possible and repeat just with the interests from the previous bet (and of course take some money away from every successful round).

Has anyone tried that? Have you been successful? Is this kind of gambling popular/common. Has it name?

I remember last 2017, USI-tech visited my country and they held a conference. Most people were bragging about their bitcoin packages (1 package = $60) and the more packages you have, the greater the returns you will receive. I got convinced by this ponzi scheme (I was literally a newbie back then) and I invested around $150. I know the amount might be relatively low but for someone who lives in a third-world country, that amount is like a month's savings.

After checking everyday my packages, I observed that I was slowly recovering my earnings (they promised a 6-month time-frame) but after the 3rd month, the website crashed and all of my bitcoins were gone.

This fueled my anger and passion into reporting scam projects and ponzi schemes in the forum so I can at least prevent a person from experiencing the loss that incurred due to misinformation and naiveness.

[nikola22]

some time ago I was trying earn with ponzi scheme crypto scam services but it was bad experience because most of them worked only during several weeks so it was impossible even to return the initial deposit.

[carlfebz2]

Yes, it is okay to feel the sensation of gambling through a ponzi scheme. We know that this kind of business is determined by the saturation point of users, because their efforts will not always be smooth in inviting new users. The fewer new users, the closer the risk of losing. The problem is we don't know how long this scheme has been established and where it has reached the risk.

The risk is like 99%, damn, I never imagine one would win in ponzi game as it's a scam game, only the scammers organizers will win at the expense of the newbie investors who does not have the experience, playing it is not a legal gambling, it's also similar to scamming people.

All the people who withdraw from a ponzi scheme before it goes bust are winners who likely earned a great return. A successful ponzi scheme needs people to make money so they will attract new peoole
Sure the most people will get burned in such a scheme but if you have insider information and know in advance when to withdraw you could make it work.

For me personally the risks are just to high, I am trying to avoid such systems. Also all potential winnings could be declared illegal and you would have to repay them.

That's the problem here, not all of the people that would gamble their money on a ponzi scam knows it's a scam therefore they would withdraw it before it gets scam. Most of the people, especially those noobs at cryptocurrency would be easily fooled by ponzi scams, since it looks like an easy money but it's not.

The risk on a ponzi scheme is 100%, even if you know it's a scam, there's no way that you'll accurately know every single time when to withdraw your funds. The only way not to be scammed is not to invest in schemes project.

For us people who are fully aware of its risk then its just normal for us to avoid at any cost into these ponzi scams yet we do already know on where it would go which is definitely 101% lost of money
when those greedy scammers would tend to ran the money that they had accumulated.

There are people who might able to know the true essence of ponzi's but still choose to invest with it with the hopes that they can make quick money and cash out.

Lucky if you do able to get out but if not then that would be a total disaster.Its our money though but it had been suggested for how many times that it isnt really worth for the risk.

[Botnake]

some time ago I was trying earn with ponzi scheme crypto scam services but it was bad experience because most of them worked only during several weeks so it was impossible even to return the initial deposit.

That's the nature of ponzi scheme, you don't loss right away, at first you are making money so you will be entice to make a deposit again and once you put big money, that's the time you will lose. We should learn from that and help our friends and other people to get educated about what ponzi scheme is, the root cause of this is our own greediness that we anymore fail to see it's real risk.

[Sled]

some time ago I was trying earn with ponzi scheme crypto scam services but it was bad experience because most of them worked only during several weeks so it was impossible even to return the initial deposit.

That's the nature of ponzi scheme, you don't loss right away, at first you are making money so you will be entice to make a deposit again and once you put big money, that's the time you will lose. We should learn from that and help our friends and other people to get educated about what ponzi scheme is, the root cause of this is our own greediness that we anymore fail to see it's real risk.

It is a trap and if you are aggressive to put additional money thinking that you will still be receiving more, don't get surprised that they will gone. This is the story of my friend, Ponzi Scheme has nothing to share with you back and they will make you cry. That is pretty obvious and I really don't think people will try to do it just something to prove if that is truly a scam or not. And actually, they right because they also became victim to this.

[just_Alice]

I personally wouldn't risk playing with the frauds, they'll outplay you in this. Also, with the Ponzi Scheme, you never know at which level of the pyramid you are, what if your funds will be used to sustain the situated higher up investors, but there won't be enough for you?

And even if you get your money and then belt off, think: who will you benefit from? The poor naive people, who had fallen for the scam, wouldn't that bother you?

And this

withdraw it as fast as possible

might not work, as the organizers of such schemes usually take full control of your investments, otherwise, they can't maintain the system and lure new people.

[michellee]

some time ago I was trying earn with ponzi scheme crypto scam services but it was bad experience because most of them worked only during several weeks so it was impossible even to return the initial deposit.

Not many people can earn with the Ponzi scheme because that will still need luck. Many of the Ponzi become scam after they can collect much money from people who tempt their offers, and that will not take too long for the Ponzi site to run away after they got the money. Many of us get the same experience with the Ponzi because we think that we can make money from the investment quickly. We lack the information, and we are so greedy to expect to make a big profit quickly.

The Ponzi scheme still runs to invite more people to join with their investment programs, especially for people who new in the crypto world and don't have much info about the Ponzi scheme. If we read about the offers of making money in a short time, we need to be careful and always search for more data, so we can know if that offers is real or it will scam us.

[Ucy]

I never really gambled in a ponzi scheme I think, I lost some money on fake online casinos a few years back. But I think they weren't ponzi schemes, they were outright scams. People can definitely make money on a ponzi scheme if they invest in the beginning and get out before the company goes bankrupt. In general I would advice against such gambles because you never know when the bubble is going to burst.

My general advice is don't invest in investment schemes that are unsustainable or will end up as scam. Once you become aware that such scheme are unsustainable and people below will likely not be paid then don't join them otherwise participating in scheme you know will end up bad is immoral/illegal

There's no business that would sustain in the long run if they will provide a too good to be true reward, they are just built to scam people, some last longer but that is because they are still able to collect money from investors but in the long run they will just run away with big money.

It should not be supported or promoted, we don't want to participate this kind of gamble, it's a scam.

I think the "too good to be true" maxim is for most cases, but it's possible to create "too good to be true" business reward system/model that is good, last long and is sustainable.  Most people likely don't know how to make that possible or they have been decieved into believing it's impossible.