How does the scammer companies earn through bitcoin ?

[Dread Pirate Roberts]

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.

Simply ponzy scheme . capital 150 . daily $6-7 and still watching 8 minutes ads  they try make it looks legit even though it doesn't make sense at all. even the other ponzi schemes don't tell you to do anything. avoid those things you will lose even they will pay you only in a few days or week. just look up internet and search ponzi scheme or pyramid scheme and identify any businesses like that so you can avoid them.

[carlfebz2]

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.

Simply ponzy scheme . capital 150 . daily $6-7 and still watching 8 minutes ads  they try make it looks legit even though it doesn't make sense at all. even the other ponzi schemes don't tell you to do anything. avoid those things you will lose even they will pay you only in a few days or week. just look up internet and search ponzi scheme or pyramid scheme and identify any businesses like that so you can avoid them.

Scammers would really make it look legit to lure in or hook people to make more money and on the time that it isnt really already sustainable then its the time that they would ran away.

People never ever learn until they get scammed.They arent using up their common sense but instead they do tolerate their greed which causes for them to invest even they are aware that it could

be a possible scam and to those who are noobs that do believe that easy money exist then they would surely be experiencing some reality slap later on.

[LogitechMouse]

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 ?

There is a famous quote in investing. "If its too good to be true then probably its not true". .
I've seen numerous android apps and websites that is almost the same as the one you are saying OP. They will let you invest, then just by watching ads you will earn money. You already saw what happened to that company and those companies who are doing the same will end up the same as well. I just hope that you didn't invested your money into the company that you are saying though.

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.

This is the answer to your question so why asking??

[lienfaye]

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 ?

Its a classic way of scamming people, watching ads are just a front but their real goal is to scam people from the beginning.

They just use bitcoin as a tool instead of fiat to transact faster, less hassle on their part. In reality there's no such thing of earning a specific amount by just watching ads, most likely the payout they use to pay early investors are from the new investors who dont have idea of what they're getting into, its like a pyramid scheme.

Thus dont believe such way to earn especially if the ROI is high while doing nothing.

[TheUltraElite]

I am new to bitcoin and come from a third world country.

As a word of advice, people from the third world are a big target for scams luring them with greed. So these "friends" you talk about, be careful of what you deal with them.

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.

So the site was a GPTC site, a get-paid-to-click site. They pay you for clicking on their ads and such micro-transactions are very commonly integrated nowawdays in mobile games - for example, a certain game might give your extra "gems" for watching a short video. Or like Spotify shows you ads before running the next track.

Point is that these sites earn a lot of the commission and the fact that they took a deposit to get started should be the red flag.

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

Suppose the deposit was x amount and the daily earning for any user on the site is y.

Now running the site for n number of days means that the profit incurred would be (x-ny) per user. Usually the x value is fixed while the y value usually remains an average.

Therefore the ones who join late would have an n value of lower than those who joined early. Hence the site will actually be profiting off the late joiners once the site decides to do scam.

[Finestream]

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 ?

Its a classic way of scamming people, watching ads are just a front but their real goal is to scam people from the beginning.

They just use bitcoin as a tool instead of fiat to transact faster, less hassle on their part. In reality there's no such thing of earning a specific amount by just watching ads, most likely the payout they use to pay early investors are from the new investors who dont have idea of what they're getting into, its like a pyramid scheme.

Thus dont believe such way to earn especially if the ROI is high while doing nothing.

This is just a clearer way of its picture on how scamming works. The company serves only a front but in reality, the company is not existing. Its just a group of individuals who's job are scamming and if you believe in them, you will be their victim, definitely their source of income. Just imagine how would you earn an income when its just a simple ad that you should watch and then you immediately get paid? I hate saying this but those who got scam from this kind of strategy are most likely lazy people. They just need easy money without working hard. This might be a good lesson for them, not to believe in just too good to be true system.

[btc78]

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.

Simply ponzy scheme . capital 150 . daily $6-7 and still watching 8 minutes ads  they try make it looks legit even though it doesn't make sense at all. even the other ponzi schemes don't tell you to do anything. avoid those things you will lose even they will pay you only in a few days or week. just look up internet and search ponzi scheme or pyramid scheme and identify any businesses like that so you can avoid them.

This is a trap for greedy people lol.

those promises are always there to lure people with that attitude in which looking for instant profit without doing anything.
when they can just buy and hold bitcoin and that can make them profiting in long term.
Ponzy scheme is created to make fool of everything but the safe place is having a bright and calm mind.
knows boundary and also knows where to surrender.
stop entertaining scammer .

[AicecreaME]

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 ?

Sounds like a Ponzi scheme to me.

You see, when something seems too good to be true, it probably is. There's no easy money nowadays. So, if someone offers you such a thing, immediately check if the company is legitimate and licensed. If it isn't then there's no point in investing in it. You'll just waste your time, effort, and money. Most scams usually target vulnerable people. Those people who are just always game with whatever is being served with them on a plate are the usual victims because they trust easily. Scams like these work like pyramiding. They promise great returns to their prospects. Sometimes they really pay off their victims at first only to gain their trust, then after they garner more investors and money, they will vanish in a snap, like a bubble that suddenly disappears in thin air.

Just like what happened in muyan66 whereas many people have fallen for. After having many investors, the site suddenly disappeared leaving the investors in the dark. It's very unfortunate for those who went all in. I've read stories about it and it was heart-wrenching for the victims because they won't be able to get their money back no matter how they wanted to.

[haasanjui]

Scammer companies will tell you they will sell bitcoin in more price then market price or they say to invest in their project to earn 2X Bitcoin or many of these types mathods they use for victims.

[firesurfer]

Investment companies that raise capital and pay dividends have been around for years. It's a form of Ponzi and many people with or without knowledge of Ponzi still go into those companies. Because they know that their greed and the profits they can achieve are too tempting.
I used to be such a person, participated in many high-risk, high-return projects. In hindsight, I moved away from them and turned to crypto.

[Ararbermas]

New comers is the main victim of scammers and that's because mostly newbies believing that there's a free money around the internet especially when it comes bitcoin.. perhaps the common scam issue are those site that offers free bitcoin, but you need to deposite first because it's forzen something like that,   wherein it will become active only and available for withdrawal once you deposit on it.. Lol  i don't know why many people alway fell in it until now..

[LimLims]

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.

Who earns the bitcoins?
From your information i can conclude that, you guys must have paid him the 150 USD in Bitcoins and later the company ran away by taking your money in form of Bitcoins.
As Bitcoins is decentralised , so it’s hard to trace where the Bitcoins are sent.
Thus making the scammers easy to scam through this.
Hope everyone understand this and learn to be alert.

[suryogandul]

there are many ways the company generates bitcoins. for sure as you mentioned through advertising media and cost per click and it looks like they are using big name bitcoin as public attention grabber. I don't think it's necessary to explain because it's against the law. let the crimes committed by stupid people, and don't publicize how they get bitcoins because that's the wrong way.

[jakasantosa]

There is no shortcut to get money except by scamming. Believing in attractive and easy-to-work offers is an attempt to attract and deceive investors. So my advice before acting is to study and ask seniors or forum who have experience especially companies that offer bitcoin easily.

[Kittygalore]

There is no shortcut to get money except by scamming. Believing in attractive and easy-to-work offers is an attempt to attract and deceive investors. So my advice before acting is to study and ask seniors or forum who have experience especially companies that offer bitcoin easily.

This is how some of the scams that I have encountered worked, they blind you with riches and make you think that you're doing something when really you're not. Just look at what they did in OneCoin and Bitconnect, they used bitcoin as a reference and tell everyone that they're the next big thing, they capitalize on the fame that bitcoin achieved.

[chichigirl]

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 are very professional in stealing more money. It is very easy for them to scam the other investors. So it is very important to know more about the coin and do not click some links that is not familiar with you. Do not believe that there are free coin without doing an investment. Just dont trust anyone that easy by doing that, you will surely avoid yourself to be scam by professional scammers.

[mich]

The idea that scammers earn money with bitcoin is just utter hogwash.  Criminals will find ways to scam using any means of value they can.
The reason you’re hearing about scammers using bitcoin now is just a testament to how many people are waking up to the value of Bitcoin rising in popularity.

[Wendy Simth]

Of course, fraud companies make money off of fraud, and Bitcoin is just a front for him. The fraud isn’t about bitcoin, it’s just one way to pay for it.

[BIN-BIN]

There is no working system in that scheme. All that, the scam, is simple, is a case of robbing Paul to pay Peter; they pay the first set of victims with the money of a new member, and when the circle gets bigger; they boost the bubble, that is all. So such a scam is always called Ponzi.

[qwertyup23]

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 ?

Nope, do not ever believe and attempt to invest into ponzi schemes that offer ridiculous returns in a short amount of time.

Personally, I have already invested into a ponzi scheme. For 3-4 months, you could actually see your investment increasing but on the last month before the maturity of your investment, the scam will happen and you will lose everything in the process.

2-3 years ago, I invested into a famous ponzi scheme called "USI TECH" where I even attended a conference that was held in the country. I was able to meet the developers and project head of the team and that bias gave me the security that the project would be legit. Unfortunately, lost $2000 worth of BTC and from there, I launched my campaign against all ponzi schemes in the forum.