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

[Hypnosis00]

Should I want to lose my money with them?

I'm sure that no one will able to risk with them knowing that they are scammers. And no reason why we should believe them as we know that it is very impossible that they will fulfill their promises.

Why we should choose them if there are other sites that are reliable? We're not out of our minds to think that way.

[1715537317]

1715537317

[cherryganda]

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 don't think any member in this section knows that it's not good and that capital would just go without him to gain money, even you know it is a trap to your capital would be gained unless you're willing to lose your investment capital. But, I think none of us here as a gambler didn't try this concept like what you are asking here in your topic.

[judeafante]

It's not putting your money it's more like throwing away your money, you will lose all your money the moment you deposit your money in a Ponzi like site, we should not support Ponzi scheme even if people are posting their payment proof, these are early birds and the admin gave them so they can post their payment proof and invite other people to invest in their Ponzi scheme.

[matchi2011]

It's not putting your money it's more like throwing away your money, you will lose all your money the moment you deposit your money in a Ponzi like site, we should not support Ponzi scheme even if people are posting their payment proof, these are early birds and the admin gave them so they can post their payment proof and invite other people to invest in their Ponzi scheme.

More likely will happen if you involve yourself with such kind of business, more on throwing indeed. People who shows proof most of the
time are part of the team just getting attention to attract people to join in.

Or those who invest first and luckily the owner still have allocated funds to pay them, but most of the time if you are not one of those
you will just waste your money and allow them to enjoy with your money.

[ReiMomo]

For newbies, it can be alluring because they are more eager in enriching the crypto that they have which makes them prone to be scammed. Nut the strategy that OP has given in this thread is quite clever because if you calculate it then you still not lose your capital if you will invest the amount that you first earned from them.

However, I still don't recommend such a strategy, especially to newbies because there might be a trap along the way if they continue investing in a Ponzi scheme.

[ethereumhunter]

It's not putting your money it's more like throwing away your money, you will lose all your money the moment you deposit your money in a Ponzi like site, we should not support Ponzi scheme even if people are posting their payment proof, these are early birds and the admin gave them so they can post their payment proof and invite other people to invest in their Ponzi scheme.

Maybe they don't know if that site is Ponzi or not, so they throw their money into that site. They expect that after depositing on that site, they can wait for a while, and then they will make money. The Ponzi site makes a fake account to give the payment proof to convince people to join with them. I guess that people need to search for more info to know if that site is Ponzi or not.

[Reatim]

It's not putting your money it's more like throwing away your money, you will lose all your money the moment you deposit your money in a Ponzi like site, we should not support Ponzi scheme even if people are posting their payment proof, these are early birds and the admin gave them so they can post their payment proof and invite other people to invest in their Ponzi scheme.

Maybe they don't know if that site is Ponzi or not, so they throw their money into that site. They expect that after depositing on that site, they can wait for a while, and then they will make money. The Ponzi site makes a fake account to give the payment proof to convince people to join with them. I guess that people need to search for more info to know if that site is Ponzi or not.

if that is the case then those are irresponsible gamblers and worth of becoming a victim.

Imagine playing in gambling site without checking if this is legit or ponzi?i hate people who gambles without right manner then if being scammed will seek for help and sympathy.

lets be responsible and always verify each site that we are going to play.

[jademaxsuy]

Nope, I don't like to get involve in ponzi scheme especially if it involves inviting other user to earn commission from the invites. I have my conscience that even I know that the platform was a ponzi scheme strategy I will went directly out of it and then look for another way to gamble without the ponzi scheme gambling. I had been invited and scam by a ponzi scheme to a friend invited others too which they also get scam. So never again and I am also doing good right now with the new e casino I have found together with my friends to play with it.

[ethereumhunter]

It's not putting your money it's more like throwing away your money, you will lose all your money the moment you deposit your money in a Ponzi like site, we should not support Ponzi scheme even if people are posting their payment proof, these are early birds and the admin gave them so they can post their payment proof and invite other people to invest in their Ponzi scheme.

Maybe they don't know if that site is Ponzi or not, so they throw their money into that site. They expect that after depositing on that site, they can wait for a while, and then they will make money. The Ponzi site makes a fake account to give the payment proof to convince people to join with them. I guess that people need to search for more info to know if that site is Ponzi or not.

if that is the case then those are irresponsible gamblers and worth of becoming a victim.

Imagine playing in gambling site without checking if this is legit or ponzi?i hate people who gambles without right manner then if being scammed will seek for help and sympathy.

lets be responsible and always verify each site that we are going to play.

It is not easy to be responsible for gambling because if we enjoy playing gambling, that will be the time for us to forget about everything. And if they only just play on the gambling site and not check the site, I am sure that it will not take too long to see they will get a scam from the site. They will not know if they get a scam until they realize that they lose the money.

[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

[Natalim]

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.

[South Park]

Lol
Bad idea, bad bad very bad idea. How can someone willing to get scammed voluntarily ?
It is so hilarious when you see someone in 2020 still wanna risking something for a guaranteed a total loss.
The title itself show it all , gamble combined with scam service , is there any other thing worse than this to make money?

As difficult as this may seem to believe there are many people that do something like this, they know that they are investing in a scam but they are gambling that the scam is going to last long enough for them not only to recover their money but also to make a profit, but as you say there are too many problems with this kind of thinking, and one of those is that even if you happen to win how are you going to sleep at night knowing that the money that you got comes from people that got scammed in the end?

[harizen]

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

Unfortunately, there are people too who want to take advantage as an "early member".

They know the risks so they will put some money in the early days of the Ponzi scheme. Then that's the problem, some people already know the drill but still supporting such schemes and even spread their referrals. In other words, users scamming their fellow users.

If only there's no such thing as that, it might minimize the numbers of Ponzi schemes created by these fraudsters even by a small percentage.

[Mahanton]

Lol
Bad idea, bad bad very bad idea. How can someone willing to get scammed voluntarily ?
It is so hilarious when you see someone in 2020 still wanna risking something for a guaranteed a total loss.
The title itself show it all , gamble combined with scam service , is there any other thing worse than this to make money?

As difficult as this may seem to believe there are many people that do something like this, they know that they are investing in a scam but they are gambling that the scam is going to last long enough for them not only to recover their money but also to make a profit, but as you say there are too many problems with this kind of thinking, and one of those is that even if you happen to win how are you going to sleep at night knowing that the money that you got comes from people that got scammed in the end?

Conscience wont work for those people who do aim for profits and this is always been a mindset for those people who do tend to join ponzi schemes where they are bit aware
that the money they had profited do came from other peoples money for them to be paid of and the cycle continues.It might dumb it sounds but there are indeed people
who are really making this risky kind of bet or investment where they do deal with scam ponzi's even if theyre aware they do just hope that it should at least
last for a primary payout which will really in result into profit and the rest they wont tend to get back as the system will surely collapse.

[TheGreatPython]

It's not putting your money it's more like throwing away your money, you will lose all your money the moment you deposit your money in a Ponzi like site, we should not support Ponzi scheme even if people are posting their payment proof, these are early birds and the admin gave them so they can post their payment proof and invite other people to invest in their Ponzi scheme.

Often these payment proofs are baited in order to get you in and the people posting these proofs and bringing referrals are paid huge commissions for their work, sometimes it is percentage based like the income system earns from the referred people they will be paid out 25% of that.

I'm sure that no one will able to risk with them knowing that they are scammers. And no reason why we should believe them as we know that it is very impossible that they will fulfill their promises.

They are scammers but believe me there are ponzi that are still operating and scamming people because there are naive people who believe they can actually get some return on their investment and some actually get paid initially to gain their trust and once the user deposits bigger amount they just scam.

[stadus]

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

Unfortunately, there are people too who want to take advantage as an "early member".

They know the risks so they will put some money in the early days of the Ponzi scheme. Then that's the problem, some people already know the drill but still supporting such schemes and even spread their referrals. In other words, users scamming their fellow users.

If only there's no such thing as that, it might minimize the numbers of Ponzi schemes created by these fraudsters even by a small percentage.

You know what is needed here? It's a strict regulation, and if these people who supports will be held criminally liable, I doubt they would still promote the ponzi scheme. I just recently received an invitation from my college classmate days ago, and the program says double your money in 15 days, and what I did, I educate him and tell straight to his face that it's a complete scam, I don't need to study the name of the program because anything that gives a too good to be true shit is scam.

[johhnyUA]

Too much ordinary words. I wrote here last week with more precise and practical theory: probability, and especially - Expected Value . If you don't have any inside from any ponzi site, your EV value will be negative. It means, that this is below your investment sum.

It will be negative because probability of success is multiply of many probabilities corresponding to ponzi itself and some not very obvious things (like the fact that if you invest 100 dollars you will get it with profit back, but if more - then not for sure)

So better do not try

[South Park]

As difficult as this may seem to believe there are many people that do something like this, they know that they are investing in a scam but they are gambling that the scam is going to last long enough for them not only to recover their money but also to make a profit, but as you say there are too many problems with this kind of thinking, and one of those is that even if you happen to win how are you going to sleep at night knowing that the money that you got comes from people that got scammed in the end?

Conscience wont work for those people who do aim for profits and this is always been a mindset for those people who do tend to join ponzi schemes where they are bit aware
that the money they had profited do came from other peoples money for them to be paid of and the cycle continues.It might dumb it sounds but there are indeed people
who are really making this risky kind of bet or investment where they do deal with scam ponzi's even if theyre aware they do just hope that it should at least
last for a primary payout which will really in result into profit and the rest they wont tend to get back as the system will surely collapse.

I suppose you're right, if those people had a conscience or even something resembling it then they will never do something like this, investing in something that you know is Ponzi scheme with the hope that you are still going to profit from it if you invest early enough is to me a disgusting idea but I suppose that for those that are obsessed with money and that do not care how to get it this idea may seem to be acceptable and could try it anyway.

[Fredomago]

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

Unfortunately, there are people too who want to take advantage as an "early member".

They know the risks so they will put some money in the early days of the Ponzi scheme. Then that's the problem, some people already know the drill but still supporting such schemes and even spread their referrals. In other words, users scamming their fellow users.

If only there's no such thing as that, it might minimize the numbers of Ponzi schemes created by these fraudsters even by a small percentage.

You know what is needed here? It's a strict regulation, and if these people who supports will be held criminally liable, I doubt they would still promote the ponzi scheme. I just recently received an invitation from my college classmate days ago, and the program says double your money in 15 days, and what I did, I educate him and tell straight to his face that it's a complete scam, I don't need to study the name of the program because anything that gives a too good to be true shit is scam.

Perfectly said! there's no such business that will survive by giving this kind of offer, it always turned into scam after the owner reached the target amount that he really intended to runaway, it's agreeable to say that if there's a criminal liabilities to those who continue supporting this scheme people will be force to move away and forget about it.

Strictly implemented  laws will lessen or completely avoid victims to take part knowing that they are responsible in any concerned that may take place within the business that they are promoting.

[harizen]

You know what is needed here? It's a strict regulation, and if these people who supports will be held criminally liable, I doubt they would still promote the ponzi scheme.

Crypto is not regulated. Users, who are mostly anonymous, are not punished for promoting a scam but instead the scam operators themselves which are also anonymous and operating under the shadow that's why it's hard to track them.

There is no law about it. Authorities have no control over that and no way they can track the identity of these users promoting a scam. That's why what they do instead is to just give a warning to all not to invest in those schemes. Authorities can just do some actions once the scam now happened and an investigation will now take place (if someone reported it).