How does the scammer companies earn through bitcoin ?

[BayAreaCoins]

If the website doesn't make sense... avoid it!

Use a free bitcoin website like FreeBitcoins.com or FreeBitco.in.

Good luck!

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[Kong Hey Pakboy]

They promise people huge amounts of money and then making them excited about this and at the same time instigate them into investing into their company and then this gullible person will comply and give them the amount that they're asking for and that's how they make some money, some of them will pay for awhile and when you decide that you want to increase what you're making, that's when they pull the rug on you.

[Kasabus]

They promise people huge amounts of money and then making them excited about this and at the same time instigate them into investing into their company and then this gullible person will comply and give them the amount that they're asking for and that's how they make some money, some of them will pay for awhile and when you decide that you want to increase what you're making, that's when they pull the rug on you.

No one would pay you with that amount just by seeing an ad. If you want to earn bitcoin, work hard for it. The company is not really existing and its only run by certain scammers who's job is to encourage people to invest and when they start investing, the said company will offer them huge returns from their money being invested. Maybe in the first months, investors will definitely receive a good amount but after several months when the fake company has already received lots of money from investors, then they totally disappear in just a sudden. This is not new to everyone especially when you're in a business field.  Different types of scamming like ponzi scheme will definitely arise just to make advantage of those people's money out from their ignorance.

[lovesmayfamilis]

I was told that the money was paid in bitcoin and later it was converted to USD. I thought that they earned bitcoin by watching ads.

I thought this kind of scam didn't exist these days because people know what is Ponzi scheme is.  It basically lures naive people with a small percentage they supposedly got per day after staking their Bitcoin and after how many days, they paid you for how many days and later on, they will shut down and you can never hear them again.

I had the same opinion, but to my surprise, I typed "earn bitcoins for watching ads" into a Google search to check the relevance of this query. But even today, Google gives a lot of suggestions that beginners can believe in and then be deceived.
It also turned out that in addition to Ponzi schemes, people interested in cloud mining are also offered to earn on viewing from their mobile phones and pay for a subscription. But the only thing they do is watch ads, and as a result, they don't earn anything.

https://www.trendmicro.com/pl_pl/research/21/h/fake-cryptocurrency-mining-apps-trick-victims-into-watching-ads-.html

Fraudsters will regularly come up with new schemes of deception, as long as people are willing to be deceived because of their ignorance.

[zanezane]

Through mass promotion from advertising agencies and false promise and big smiles, look at Bitconnect and One Coin, they were able to make something that's altogether fishy into something that's totally legitimate. Charisma is the biggest factor in this one too as you can't be quivering when you're asked of really pressing questions.

[isaac_clarke22]

~

Sounds like an exit scam. I can't quite connect what you're saying in the first part though. Investing in a platform but then watching ads to earn? I am aware of these microtasks that allows people to earn by watching certain stuffs, mostly they earn points from it and redeem through Paypal.
I am not entirely sure what's the connection of it with Binance, unless that "company" that your friend mentions pays in token and was exchangeable in Binance.

[Cling18]

The said project isn't related to Bitcoin but they're just using Bitcoin to scam and fool people. That's the risk of putting and entrusting our funds on people because of the hype and fud. That's why we're always advised to do research first before investing so we'll never be a victim of scammers.

[uneng]

I want to know how this process works. How is this related to bitcoin and how can one earn just by watching ads ?

This process is called Ponzi Scheme. It's not related to bitcoin specifically. In this case bitcoin was just the currency used by the scammers to run their operation, but it could be also your local currency. You can earn by watching video is different platforms, for an example I can mention Permission.io, but as far as I know it's not possible to earn a decent amount of money with this kind of site. You will just receive pennies for every video/ads you view. The fact is that people promoting such sites earn with referrals instead of earning through viewing ads themselves.

Micro jobs sites like Rapidworkers and Picoworkers also pay for watching videos. The payrates are low anyway for the time you have to spend on it to complete the tasks honestly.

[The Cryptovator]

The scammer uses many payment gateways to scam people. So besides that payment gateway scammers using Bitcoin as a payment gateway that doesn't have any relation with Bitcoin. It just works the same as other payment methods. But surprisingly a few people highlight the only Bitcoin for that kind of ponzi scam.

OP mentioned a kind of traditional scam method which was called revenue-share. But nowadays I can't see any traditional revenue-share sites. I don't know if they exist or I am missing them. But still, Ponzi schemes like HYIP is existed and scamming us. If you aren't much greedy then shouldn't fall into this stupid scam attempt. Just try to earn Bitcoin through legal way.

[Shenzou]

I am new to bitcoin and come from a third world country. One of my friend told me a company came telling all to invest 150 USD in an scheme and then they can earn daily about 6-7 USD regularly by watching ads for the rest of their life. My friend earned 6-7 USD everyday by watching an ad of 8 minutes. He got paid instantly and also told me about the Binance mobile app. This worked for almost 1.5 months. Then the company disappeared. Those who invested lately couldnt get their money. I want to know how this process works. How is this related to bitcoin and how can one earn just by watching ads ?

So most of the scammers these days relay on one thing and that is trend and that because trend brings a lot of people and the people they get the more they are able to scam, and because cryptocurrency and bitcoin are currently a trending thing and a lot of people are using it and investing it and not to mention that bitcoin is anonymous and transactions are irreversible, so this makes it the best tool for them.

[Botnake]

I am new to bitcoin and come from a third world country. One of my friend told me a company came telling all to invest 150 USD in an scheme and then they can earn daily about 6-7 USD regularly by watching ads for the rest of their life. My friend earned 6-7 USD everyday by watching an ad of 8 minutes. He got paid instantly and also told me about the Binance mobile app. This worked for almost 1.5 months. Then the company disappeared. Those who invested lately couldnt get their money. I want to know how this process works. How is this related to bitcoin and how can one earn just by watching ads ?

Scammers earn money from their victims, those victim's money are the earnings of the scammers that is a simple logic for your title. Just always remember that there is no easy money in this crypto world. I am also got scammed by a scam investment website before because of believing that my money will get double in only 1 day and most of the beginners can easily be hooked up when they hear to double their money and I am one of them. Just make sure that you have learned something and not try that thing anymore.

There are vast opportunities to earn in crypto but everything should be worked hard before making profits. And definitely investing is a good opportunity to earn profits. But not to double your profits in an instant without nothing much to do. If there is any, its probably a scam already.

Scammers make profits after stealing the money of the investors particularly with those who are still new in the market. But not all newbies are prone to scam because some are absolutely smart when it comes to money matters so they don't easily trust anyone. Its just that they are still new to the market but have made much preparations already.

[bL4nkcode]

How is this related to bitcoin and how can one earn just by watching ads ?

Those company your friend's saying isn't related to bitcoin, they just use bitcoin as a hype as you said that you're going to be paid via bitcoin yet it was converted to usd, and then scammed its users. Just like a typical mlm who accepted bitcoin as payment then boom, disappears after some time.

I was told that the money was paid in bitcoin and later it was converted to USD.

Watching ads and getting paid is pretty common ways of earning before, yet you can't earn a dollar or 2 in just a day, not unless the platform ables you to watch ads on multiple tabs which mostly isn't allowed, and it's a waste of time just like faucets nowadays.

[Hamphser]

I am new to bitcoin and come from a third world country. One of my friend told me a company came telling all to invest 150 USD in an scheme and then they can earn daily about 6-7 USD regularly by watching ads for the rest of their life. My friend earned 6-7 USD everyday by watching an ad of 8 minutes. He got paid instantly and also told me about the Binance mobile app. This worked for almost 1.5 months. Then the company disappeared. Those who invested lately couldnt get their money. I want to know how this process works. How is this related to bitcoin and how can one earn just by watching ads ?

So most of the scammers these days relay on one thing and that is trend and that because trend brings a lot of people and the people they get the more they are able to scam, and because cryptocurrency and bitcoin are currently a trending thing and a lot of people are using it and investing it and not to mention that bitcoin is anonymous and transactions are irreversible, so this makes it the best tool for them.

One of the things you should really mind off or having this kind of observation which is really very true when it comes to trend just like on what happened on NFT's where there are lots of projects do pop out like

mushrooms which do really offer the same thing but ending up on being a scam.This is no different into those classic way of scamming on where offering too good to be true returns on just doing simply acts or

activities or jobs which would really be putting up some questions if you are really aware on everything around you but if you are greedy then most likely you would really be ignoring this.

[worldofcoins]

I am new to bitcoin and come from a third world country. One of my friend told me a company came telling all to invest 150 USD in an scheme and then they can earn daily about 6-7 USD regularly by watching ads for the rest of their life. My friend earned 6-7 USD everyday by watching an ad of 8 minutes. He got paid instantly and also told me about the Binance mobile app. This worked for almost 1.5 months. Then the company disappeared. Those who invested lately couldnt get their money. I want to know how this process works. How is this related to bitcoin and how can one earn just by watching ads ?

Yes, I've heard of some similar websites but was bored of them after a couple of days and ended up learning a course and doing some management work for making money.

I'd say investing into that scheme that your friend is suggesting is pointless unless the work you're putting for the time you're investing into it is worth it, You better be the judge of it.

[marilynmanson21]

now there are many scams that promise bitcoin payments, try to think logically watching ads paid with bitcoin is very unreasonable, and you are required to deposit a certain amount, this is a ponzi scam, withdrawals 1-2 times are smooth, and so on can be questioned ,
I think with 150$ you can buy your own bitcoin and trade yourself you will get profit but it takes patience

[tabas]

There is simple logic with how you earn in real life and there's not that much difference in earning bitcoin. If that's what they offer that you'll earn while you're sitting pretty then everyone will have that dream job and investment. But sadly, if it's too good to be true, that's a scam.
You and your friend must learn what are the usual scams that are happening not only in bitcoin but as well as in real life because both of you are vulnerable.

The scam is a typical ponzi type of scamming and it's a common scam that you can find anywhere especially if someone wants to earn an easy money they will all fall for this type of scam. And yes, it's too good to be true but his friend doesn't have a single idea what's happening then one day before they realize, it's all gone. Regret and despair came in while thinking what just happened.

Newbies will always fall for the easy money trap once they don't know what they were doing. They never took their time to research they then just learned to research after they've been scammed. Just count it as lesson learned and an experience for you and your friend's journey.

Newbies are actually they are targeting and those that lack knowledge of determining what a scam is. With a lot of people, it's sad that there will really be those victims that will show up after being scammed by these typical scam and Ponzi websites. They're taking advantage of those people that are still not knowledgeable about these nasty tactics.

[ultrloa]

There is simple logic with how you earn in real life and there's not that much difference in earning bitcoin. If that's what they offer that you'll earn while you're sitting pretty then everyone will have that dream job and investment. But sadly, if it's too good to be true, that's a scam.
You and your friend must learn what are the usual scams that are happening not only in bitcoin but as well as in real life because both of you are vulnerable.

The scam is a typical ponzi type of scamming and it's a common scam that you can find anywhere especially if someone wants to earn an easy money they will all fall for this type of scam. And yes, it's too good to be true but his friend doesn't have a single idea what's happening then one day before they realize, it's all gone. Regret and despair came in while thinking what just happened.

Newbies will always fall for the easy money trap once they don't know what they were doing. They never took their time to research they then just learned to research after they've been scammed. Just count it as lesson learned and an experience for you and your friend's journey.

Newbies are actually they are targeting and those that lack knowledge of determining what a scam is. With a lot of people, it's sad that there will really be those victims that will show up after being scammed by these typical scam and Ponzi websites. They're taking advantage of those people that are still not knowledgeable about these nasty tactics.

Newbies became target of those ponzi's scammers by the help of experience people which earn income from promoting referral links per invite and newbies should need to be aware to this since they will be lured thru the fake income generated to those who invite them to join the platform. And also they should now that there's no something like this will guarantee anything and most of this are fronts by scammers so never invest anything especially our hard earned money unto this scam platforms.

[Wendy Simth]

This is the lowest level of fraud. Your friends want the liar's profits, and the liar wants your principal. You can't deposit money into apps at any time, except for several famous exchanges. I was cheated before and transferred usdt to a small exchange. In the end, I couldn't withdraw money, even if the balance showed a lot of profits.

[Mikayla Buckley]

There is no free lunch in the world. Don't lose your money because of greed. Before Bitcoin they may have exchanged a small amount of U.S. dollars for many U.S. dollars. This kind of deception is very common, don't be fooled out of curiosity. And don’t believe that watching some videos will give you other cryptocurrencies, they just want you to download software to give you worthless coins.

[yhiaali3]

Anyone with a bit of experience can clearly see that this company is a scam, but unfortunately most of the new people in the crypto world fall victim to scams quite easily because they simply think that they can get money easily through crypto and can get rich in a short period of time This illusion is what makes all these people fall victim to scammers with ease. Everyone should know that no one is distributing money to people for free without any compensation and without providing any effort or work.