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

[thesmallgod]

I will advise you not to waste your money in going for HYIP. The advent of crypto has  made all of them start using crypto as payment processor. I had participated in HYIP during the era of Liberty reserve, Perfect money and payza. The truth of the matter is that those scammers behind the project will start to pay during the early stage of the program and as soon as they have huge participants that has invested, viola! your money is gone. The site will be taken down and they will start preparing for the next scam.

[Inkdatar]

I remember when I’m new in crypto that I tried to gamble with a Ponzi scheme website. It happens before that I just tried and experience loss of money. A newbie with a lack of knowledge about this Ponzi scheme existing that time without knowing that it possible they will scam your money. So a lesson to me to learn all about in crypto which is very important to educate yourself first before joining any investment platform.

[STT]

I think I do not need to explain what I mean by ponzi crypto scam

If twitter posts, 'send me and I'll send back double' can work then likely anything will.
Unfortunately for the main population you do need to state the common scams, like bad emails they'll never likely end because the cost of the attempt to the pay off is worth them repeating it and trying to cast their net as widely as possible to catch the unaware.

   Youtube is actively promoting scam operations on most crypto videos for their platform, I dont know if Twitter ever does anything but its very much a danger placed on the user themselves to recognise and avoid.  The scam adverts I've seen will put details alongside the actual developer talking about their real successful blockchain discussing something.

[Lanatsa]

I think I do not need to explain what I mean by ponzi crypto scam

If twitter posts, 'send me and I'll send back double' can work then likely anything will.
Unfortunately for the main population you do need to state the common scams, like bad emails they'll never likely end because the cost of the attempt to the pay off is worth them repeating it and trying to cast their net as widely as possible to catch the unaware.

   Youtube is actively promoting scam operations on most crypto videos for their platform, I dont know if Twitter ever does anything but its very much a danger placed on the user themselves to recognise and avoid.  The scam adverts I've seen will put details alongside the actual developer talking about their real successful blockchain discussing something.

Aside from Twitter, it is actually rampant in Facebook too on where until now I do see lots of those advertisements about investment that do return 200% after you deposit money or even with
those common doublers and ponzi schemes.

It is true that this would really continue even though those scammers know that there are lots are pretty aware of this modus but they are still trying to get to those people who aren't
aware on this thing and that will continue as long they do able to get money.

People should really be aware because if not then you'll surely waste up your precious money or coin.

[kayvie]

No, I haven't tried it before. Once I know that they offer something like a certain percentage in such a short period of time, I actually avoid it immediately. This is something that we should not try to risk our money because there is no such thing as sending your money and will make an interest after that. Only those who wants to make money fast will believe and try such things.

[michellee]

If he only wants to have banano tokens, he can use vite wallet to claim a free banano token, and he can trade it inside the wallet because they already have their exchange in the wallet. The name of that domain is too suspicious because they use the word "scam" although we don't know if that domain will scam us or not, that will make me curious. I don't want to transfer anything to that wallet, even if they claim that they will give back the amount with a double amount. That will not be good to join in that game as you can get scam anytime.

We don't have to join in any fun Ponzi scheme game because it is hard to make money that way. We can search for another way to make money, and I believe that we can get it someday.

Actually, that website already explains their system, that they will scam users.
This website will distributes the coin to the winners, some early users, admin, and for charity.
I am not trying to promote it, but people enjoyed to play this kind of game.
Banano is a meme coin, so it can be a reason why people love to play a game that actually scam them lol.
Just to have fun.

Even if they already explain their system, new people will think that the website gives them a chance to win some money. New people will think much about scams because they are not aware of that. They will only want to know how to make money from the internet, especially from the crypto website.

The site is not available because I tried to visit again. I think that can make people stop playing on that site. I still prefer to use the Vite wallet on a mobile phone because you can get up to 100 banano in that wallet. I don't promote that wallet because I don't use it to trade

[lienfaye]

I tried this before when im still new in crypto world and not aware of this kind of scheme that can take away your money. I thought its a good deal since the ROI is high in a span of few days. But I end up losing my capital and never recover it, then I realized my mistakes for being greedy and didnt follow the right process and that is to gain knowledge first before getting involve in such kind of thing.

Currently its not a wise thing to do. Dont ever try to gamble your money in a ponzi scheme because you'll only lose it. Learn to make an effort by investing in a legit way or using your skills and knowledge to earn. Dont take the path of an easy money mindset because its not a reliable way to gain.

[carlisle1]

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.

You don't need to explain and you don't have to ask either because only fool will do such a thing.

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).

Offering 100% interest in just 24 hours?where on earth you mean to believe that?even newbie will not come to that agreement as it is purely scam.

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

No I know no one that comes to that,unless they are billionaire that willing to lose their money in just trying that stupid sites.

[pilosopotasyo]

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?

The forum is very much successful in exposing these Ponzi Schemes, and anyone posting on this forum, even those that are not in this forum are reported, people should not entertain or even look on this kind of program, if we stop this scheme, many developers will stop creating Ponzi scheme if nobody will entertain these kind of programs.

[Reatim]

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?

Not so far and I believe this is not appropriate since I only have some few amount when I wanna gamble
so risking this in Ponzi sites is not  my first option.

And I think why need to try when there is a surely scam waiting for you?

Is this sounds like Giving your Money to Robber even without them asking you?

[Kong Hey Pakboy]

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 a little curious about investing in it, but I have never tried participating in any Ponzi scheme because most of us here know that it is a waste of time and money. It would be okay if we would avoid risking our money in this kind of illegal schemes because even they show us that we gain profit, it would still be impossible for us to withdraw all of those earnings. It's still much better if we would gamble our money in legitimate online casinos because there are more chances that we could gain and withdraw our profit to it.

[Rodeo02]

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?

The forum is very much successful in exposing these Ponzi Schemes, and anyone posting on this forum, even those that are not in this forum are reported, people should not entertain or even look on this kind of program, if we stop this scheme, many developers will stop creating Ponzi scheme if nobody will entertain these kind of programs.

They are continue doing that because many investors still willing to risk their money even though they know that soon it will run their money .

It's hard to stop that Ponzi scheme if there are people continue supporting it as long as there are investors willing to invest they will always make a new website and collect all investors money. Even how hard we tried to report any websites only investors it self can help them selves to stop it.

[TedMosby]

Even if they already explain their system, new people will think that the website gives them a chance to win some money. New people will think much about scams because they are not aware of that. They will only want to know how to make money from the internet, especially from the crypto website.

The site is not available because I tried to visit again. I think that can make people stop playing on that site. I still prefer to use the Vite wallet on a mobile phone because you can get up to 100 banano in that wallet. I don't promote that wallet because I don't use it to trade

Yeah, that’s why I posted about it. It’s relates with the topic, because they gambled with ponzi schemed games.

If I am not mistaken, the site is not always open for a new round, it has uncertain period of time to start the round again.

Here is the screenshot that includes the explanation of the website.

[johhnyUA]

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 that such activity has good EV (expected value). You can't know for sure how long another scam will last. Add to this the fact of your "investment", i mean that you have some probability that amount of money that you will send to this will not be returned because it was to high for this scam (if you would send some small amount you would get positive EV, but for sum that excess some amount you would get negative EV)

So, we have at least two probabilities, and the resulting probability of success will be multiply of two. And i think it will be very small 

So can't say that this is good idea.

[South Park]

I never tried it before I would rather have fun playing it on gambling site than wait for the result on ponzi scheme.
Why waste time and money on Ponzi schemes when we could do it quicker in gambling and we could enjoy it too.

Not only that if you gamble and you happen to win then you know that you are either beating the casino despite their house edge or beating another player that was playing against you under the same conditions in a fair way, but in a Ponzi this is not the case, a great deal of the people that invest there think they are investing in a legitimate investment opportunity while you will know that it is a scam and you are trying to get advantage of those people, to me this is not right even if you happen to earn some money out of this.

[Porfirii]

Thankfully I have never gambled in such a crypto scam service schemes. I suppose that, if a newbie felt in any of these, it would be really discouraging, and unfortunately many new members got burnt for sure and grew aversion for crypto.

In my case, again, I gamble very little, but as many members stated before me, in order to bet I would never use unknown, shady services, but well established provably fair sites.

[daarul50]

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?

Not so far and I believe this is not appropriate since I only have some few amount when I wanna gamble
so risking this in Ponzi sites is not  my first option.

And I think why need to try when there is a surely scam waiting for you?

Is this sounds like Giving your Money to Robber even without them asking you?

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?

[coolcoinz]

Ponzi investments aren't even close to gambling. It's like saying that you'll gamble by trying to steal money from someone and hope they won't notice or at least won't call the police. If you can get away with it it's a win, so you've just gambled, haven't you? I agree with the others that it's not a very smart way to risk your money. If you lose you feed scammers. At least if you lose in a casino you allow the business owner to earn. By sending money to scammers you encourage them.

[stadus]

Ponzi investments aren't even close to gambling. It's like saying that you'll gamble by trying to steal money from someone and hope they won't notice or at least won't call the police. If you can get away with it it's a win, so you've just gambled, haven't you? I agree with the others that it's not a very smart way to risk your money. If you lose you feed scammers. At least if you lose in a casino you allow the business owner to earn. By sending money to scammers you encourage them.

Good point here, scammers will be more motivated to make more scams if there are people who will patronize on what they are offering, this is gambling but the bad side of gambling as it will result to scamming people, you lose, you say you got scam, you win, people say your are scammer, that's what's gonna happen to you as you are into a scam platform.

[finaleshot2016]

Ponzi investments aren't even close to gambling. It's like saying that you'll gamble by trying to steal money from someone and hope they won't notice or at least won't call the police. If you can get away with it it's a win, so you've just gambled, haven't you? I agree with the others that it's not a very smart way to risk your money. If you lose you feed scammers. At least if you lose in a casino you allow the business owner to earn. By sending money to scammers you encourage them.

Yeah. The risk might be the good term here since the Ponzi scheme isn't similar to gambling. Well, actually both have risk but gamblers don't deal with any Ponzi scheme 'cause probably they know it's a scam. Also, Ponzi scheme isn't a game where you bet your money and won by the means of choosing. In Ponzi, you need full effort to gain users under you to earn more profit but if you failed on that task, you'll just give free money to the ones who created the scheme. So I'm still wondering how ponzi is related to gambling?