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

[Chrystora123]

Long before I got to know crypto gambling, I ever fall into the trap of a fiat gambling Ponzi scheme.  of course, at that time I was still a newbie and was only tempted by offering bonuses for new registrants and also bringing new friends who were very tempting..

at that time I managed to bring + - 6 of my friends to join the gambling site, for 3 months it looked like there was no problem but in the fourth month, they made a big bonus event for those who made deposits above $ 2000, at that time my friends and I were tempted but unfortunately one day later the gambling site was closed..

from there I learned to be able to withstand my greediness and will only gamble on gambling sites that have a real volume of gambling and also a real reputation.. 

[FontSeli]

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.

There are a lot of scammers around us and they are constantly inventing different ways to steal our money. They can be and ponzi schemes and gambling sites that are not aimed at long-term work. There are many ways to steal our money, so all projects and sites should be treated with suspicion and always look for feedback about them on the Internet.

[dunfida]

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.

There are a lot of scammers around us and they are constantly inventing different ways to steal our money. They can be and ponzi schemes and gambling sites that are not aimed at long-term work. There are many ways to steal our money, so all projects and sites should be treated with suspicion and always look for feedback about them on the Internet.

Always look for feedback but most of the time with due experience you can directly tell which one is fraud and which one is legit.Scams do exist no matter what and for us people
who do have experience on scams then its better to alert and remind the public about it because there are still noobs whom do still get victimized into this one.
On the thing that had been illustrated in op about earning on ponzi sites in spite of the big risk involved then its really risky because you wouldnt know on when it would
ran away neither you can still make up some withdrawal or not.

[shield132]

Hmm... Pretty good question. I was thinking about that too. I believe it's quite risky and you depend on luck too because you never know when the website will turn into a scam. Maybe the project offers you 10% of your investment daily but it gets scam on 6th day and you'll be left without profit. Right now, you'll rarely see projects similar of hashocean where people even made 300% and even higher ROIs if not more. So, it's still very risky and you have to carefully choose the scam projects for investments, especially right now. In any way, I am against that kind of profit because you know you get profit because others get scammed.

[2double0]

I did it but will never do it because it is against my ethics now to support a scam and a ponzi scam is a big loss for everyone involved. Trying it is also stupid when we know there is no guarantee that we will ever see our money back. It is good to lose it on your own than giving it to someone else to lose it. Hurts our ego. And for such scam games, you cannot rely on the site only and need to bring some more people to that site to put yourself in profit, which means you will need to break your closed one's trust.

[aioc]

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?

It's better to put your money in a gambling site than deposit it on a Ponzi scheme program because you are guaranteed to lose on Ponzi scheme, nobody wins in a Ponzi scheme, only the operator, there's no such thing as a long term Ponzi scheme the operators can pull the plug anytime even on day one after it generates enough money.

[pixie85]

In theory it's possible to gamble with ponzi schemes. I've never done it but there are threads on this forum started by people who did.

I even saw posts where people said it's a good and easy way to earn money and that ponzis should be advertised because when you know it's a ponzi you cannot lose. You just deposit and withdraw fast with small profit and you know you're safe which is of course a lie.

Probably half of all ponzis on the market are total scams where only their shills and maybe a few first people are able to withdraw anything. The rest gets stuck there forever. You think you can enter and exit but your money is lost the moment you deposit. I don't recommend it it's not real gambling.

[Twinkledoe]

In theory it's possible to gamble with ponzi schemes. I've never done it but there are threads on this forum started by people who did.

I even saw posts where people said it's a good and easy way to earn money and that ponzis should be advertised because when you know it's a ponzi you cannot lose. You just deposit and withdraw fast with small profit and you know you're safe which is of course a lie.

Probably half of all ponzis on the market are total scams where only their shills and maybe a few first people are able to withdraw anything. The rest gets stuck there forever. You think you can enter and exit but your money is lost the moment you deposit. I don't recommend it it's not real gambling.

Only those that got in first will get their profits. But for the rest, I don't think they will every get their initial investments especially those at the bottom. Never tried and won't try as you are fooling yourself for getting profit for the sake of others.

[FontSeli]

There are a lot of scammers around us and they are constantly inventing different ways to steal our money. They can be and ponzi schemes and gambling sites that are not aimed at long-term work. There are many ways to steal our money, so all projects and sites should be treated with suspicion and always look for feedback about them on the Internet.

Always look for feedback but most of the time with due experience you can directly tell which one is fraud and which one is legit.Scams do exist no matter what and for us people
who do have experience on scams then its better to alert and remind the public about it because there are still noobs whom do still get victimized into this one.
On the thing that had been illustrated in op about earning on ponzi sites in spite of the big risk involved then its really risky because you wouldnt know on when it would
ran away neither you can still make up some withdrawal or not.

Discussing such ponzi schemes and other fraud in the forum, we also help newcomers. They can read what more experienced forum users do to get much less chances to be scammed by fraudsters. Personally, I believe that the most effective method to avoid scam is to invest in those projects, about which there are many useful reviews on the forum. The same is true for games on gambling sites.

[FinneysTrueVision]

When I was a newbie I did invest in a few ponzi schemes without knowing they were scams. I was naive and after getting burnt a few times I still invested a few more times but I did it with more caution. It didn't work out too well so I just avoid them. I've tried putting a few ads to get some referrals but they usually don't stick around long enough to be worth the effort.

[coin-investor]

Only newbies who are not properly guided play on Ponzi scheme, but old-time investors will not play on Ponzi type of program because they know how it works, only newbies will believe that they can really earn 100% of their investment after 24 hours, there's no such kind of legit program that can and will offer this kind of plan, it's unrealistic, people should do their research all the time on sites that they are interested in investing.

[btc78]

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 am still in right mind to play in sites that I obviously knew ponzi because it looks like you intentionally deliver your money in scammers. This sounds stupid question .
Let me give the question to you?will you risk money just to try playing on those sites?

Surely that's why you asked this because haven't tried yet right?

Anyway surely if there are willing here it is not you.

[maydna]

When I was a newbie I did invest in a few ponzi schemes without knowing they were scams. I was naive and after getting burnt a few times I still invested a few more times but I did it with more caution. It didn't work out too well so I just avoid them. I've tried putting a few ads to get some referrals but they usually don't stick around long enough to be worth the effort.

It is normal if we invest in Ponzi schemes when we are joined in the crypto world. At that time, we don't know much about crypto, and when we read about something that makes us interest, we will try to join without searching for more details. But then we know that the program was a scam because we can't get a good result from the site. But that will not stop us from searching for another website which can give us a profit, but once again, we are getting scam by the site. After we have much experience and read more details about the programs, we stop to join in that program and search for other ways to make money.

[Pamadar]

Only newbies who are not properly guided play on Ponzi scheme, but old-time investors will not play on Ponzi type of program because they know how it works, only newbies will believe that they can really earn 100% of their investment after 24 hours, there's no such kind of legit program that can and will offer this kind of plan, it's unrealistic, people should do their research all the time on sites that they are interested in investing.

It's unrealistic as it is but there are people who are willing to take that risk and willing to lose their money.

It's twice as gamble since you putting your money to this kind of scheme only gives you dead end, when you do get something out you'll be tempted to it again with a much bigger amount to stake, believing that they are really paying, not just newbies but there are also people
who knew the business but willing to send their money.

[pankowri]

My advice is never to give your money in a program like this, just use your logic how can they give high return in short time.

This is also my advice too to OP. However, I don't get his point of view which he wants to understand us. If he wants to deal with such Ponzi type program, my suggestion is to avoid from it and gather some experience from whom who deals such types before. So, think twice before doing anything.

[FlightyPouch]

I don't think I participated in such scam/services. To be honest, I don't think I even gamble out of a gambling site that I usually visit. This is the reason, these promos or schemes are so normal in our community that is the reason why people should take care of their funds because it might really bite them off when they ride with it.

Nice of you and lucky that you didn't got trapped in such schemes. I actually got scammed one time when a website promised they were doing some kind of cloud mining and in the name of cloud mining they would actually run a ponzi and I lost some small amount but that experience helped me a lot because now I don't fall for such scams and I have understood that online cloud mining is actually not as good as it might seem.

I see so many ponzi and some are even paying initially so attract more players but at the end of it, there will be more victims than people who profit so it makes no sense to try a ponzi knowingly and yeah there were massive ponzi's like the plustoken scam but they all come to an end some day so better to stay away with it.

I do evade some gambling scams or gambling-related Ponzi schemes but I am also scammed by other sites. I can't recall the name of that site but it is quite normal, to be honest, it is not something that is so huge, it is just a site that offers some services where you watch ads or do tasks they wanted you to do. Never thought that it is that hard to do those and you need to give them money to make it easier.

[erikoy]

Well, you can take advantage on the ponzi scheme actually. I had been joining into networking ponzi scheme.offering products that are not really true and only after the investment and the earnings is through the invites commission. However the process of getting paid is the same the old investors will get paid from the new investors and continue to get more profit through commission they new and old investors will invite for more to invest in to get more commissions.

[Mauser]

When I was a newbie I did invest in a few ponzi schemes without knowing they were scams. I was naive and after getting burnt a few times I still invested a few more times but I did it with more caution. It didn't work out too well so I just avoid them. I've tried putting a few ads to get some referrals but they usually don't stick around long enough to be worth the effort.

I am usually very cautious about referral systems, because when I started out in the crypto world I feel for some shady businesses. In the beginning I didn't really realise that people just spam their referral links without really doing anything. And when using them most of the time you make someone else money instead for yourself.

[slapper]

This is not called gambling at all. You can not make anything from these schemes. The more money you deposit, the more money you lose. And I do not condone these schemes. Owners always run away with a huge amount of money in a short time. If you want 100% in 24h, you can make a single bet or play one dice game. You will have a 49-49.8% chance of making a 100% profit (depend on the house edge). Moreover, there are many gambling websites having licensed and this will guarantee that they will not suddenly shut down a whole system and let you be alone with an empty pocket

Never support those schemes. Only fools and ignorant people allow these schemes to steal their money. I was fooled only 1 time when I was new to the crypto world. The advertisement is attractive to a guy who did not understand the shit of the economy. And as the result, I lost my money.

[ice098]

Well, you can take advantage on the ponzi scheme actually. I had been joining into networking ponzi scheme.offering products that are not really true and only after the investment and the earnings is through the invites commission. However the process of getting paid is the same the old investors will get paid from the new investors and continue to get more profit through commission they new and old investors will invite for more to invest in to get more commissions.

I will not get into any ponzi scheme I will not use any money nor spend any money on that thing, it is not a gamble you will only spend money to useless thing if you will going to continue what you are doing. So stop this investing in ponzi and find another legit and suitable investment for you, better to gamble in online casinos rather than tolerating hyip.