Avoid Ponzi/Ponzi scheme is a scam

[CryptoHeadlineNews]

Be aware of GMG website, should Incase kind of website will be close to your country, this site is a ponzi scam website where you will be asked to invest with the them, some days a go some people who invested with site because of a skirt Maker who promoted the site and many people thought with the skirt Maker who is promoting the GMG website that the site will be legit. So I'm of the opinion that we should avoid ponzi scheme and also make sure we make a research properly before investing in a newly created website. To inform you very well the website has crashed and people who invested their money, all are lost. Let everyone be careful for investment

It pains me a lot still seeing people falling for all this Ponzi scheme of a thing after all the experience MMM did to us many years back, because I could remember a friend of mine introducing me to this very website as the latest update in town currently paying, only for me to have a look at the site, noticed it was a Ponzi scheme & immediately told him not to invest just 3 days ago, that this site will soon crash if not now but anytime soon. So that means that's how he would have lost his fund had I not intervened quickly.

I think it's high time people just need to drop the ideology of greed and focus on the ideology of reality while investing, because for a site that claims to offer 25% of your investment, shouldn't normal sense tell you that that's possibly going to be a scam? Where else do you think they are making the money from if not robbing Mr.A to pay Mr.B? And as such will one day likely run away.

[ShowOff]

It pains me a lot still seeing people falling for all this Ponzi scheme of a thing after all the experience MMM did to us many years back, because I could remember a friend of mine introducing me to this very website as the latest update in town currently paying, only for me to have a look at the site, noticed it was a Ponzi scheme & immediately told him not to invest just 3 days ago, that this site will soon crash if not now but anytime soon. So that means that's how he would have lost his fund had I not intervened quickly.

Greed and the desire to make profits without hard work have led some to believe ponzi schemes will guarantee returns as promised. They forget that it is an investment that has been set up in such a way that in the end it will only take away all the customer's money, that is due to lack of knowledge and greed. Even today, ponzi schemes still exist, but come in many different guises, even in crypto.

I think it's high time people just need to drop the ideology of greed and focus on the ideology of reality while investing,

Of course you can hope for it, but see that ponzi schemes are still able to attract some people to fall for it, especially when promised easy returns. Some people who are skeptical about bitcoin have called it a giant ponzi scheme, but they are just ignorant and probably don't want to know much.

[alastantiger]

So I'm of the opinion that we should avoid ponzi scheme and also make sure we make a research properly before investing in a newly created website. To inform you very well the website has crashed and people who invested their money, all are lost. Let everyone be careful for investment.

People who make in big from Ponzi schemes are those who joined in early. Almost like the early adopters. They make the big money and silently leave or allow their downlines to  go on doing the hard work. We have al been there and go our fingers burnt badly.

Ponzi schemes play on the emotions of people. And from experience anyone can become a victim of it, irrespective of who you are because people from all walks of life are involve. Best to stay not just stay away from Ponzi schemes but also from their promoters and supporters they are the most dangerous people.

[Alpha Marine]

LOL, it looks like some people are already investing in it. It will sure be what it used to be: ponzi and people looking to make quick cash, so definitely some people will fall victim, apart from those reading through this thread, those that the ponzi have not extended to their country, and people who remain unmoved in this aspect of making money. Obviously, there are going to be more of these ponzi schemes arising before the end of this year; people just have to be careful and do proper research before putting in their money on any platform.

People don't learn and they won't and that is why they will keep suffering. I keep telling people to avoid Ponzi schemes no matter how juicy the offer might sound. In fact, the offers of Ponzi are always juicy and unbelievable. The way these Ponzi schemes work is they pay a certain set of people, so those people can preach the gospel of how they got paid and unknowingly recruit more people into the scam. So these people that have been paid are like the proof that the stuff actually works. This means that the person telling you about the scheme, might actually just want the best for you because he/she has already been paid.
So the best thing to do is avoid anything Ponzi entirely, it doesn't matter how much you trust who it's coming from

[jostorres]

So I'm of the opinion that we should avoid ponzi scheme and also make sure we make a research properly before investing in a newly created website. To inform you very well the website has crashed and people who invested their money, all are lost. Let everyone be careful for investment.

People who make in big from Ponzi schemes are those who joined in early. Almost like the early adopters. They make the big money and silently leave or allow their downlines to  go on doing the hard work. We have al been there and go our fingers burnt badly.

Ponzi schemes play on the emotions of people. And from experience anyone can become a victim of it, irrespective of who you are because people from all walks of life are involve. Best to stay not just stay away from Ponzi schemes but also from their promoters and supporters they are the most dangerous people.

Some people would even argue with you if you warn them about a Ponzi scheme that they are a part of, they will say that you know nothing and it won't run away with the funds and will keep paying. They keep inviting others to it since they earn money because of that, and they keep telling their referrals that they will earn money too if they invite more people.

But when the project actually shuts down and runs away with the funds of the people who joined later, the people who argued initially become ashamed of not listening but they basically get their own ROI and those who join later get burned out.

[Dr.Bitcoin_Strange]

Snip

Well you can not prevent everyone from falling victim to ponzi scheme, some people are just unawera and also uninformed about things that happen around them. I don't know for others though but some times we really can not blame some people that fall into these schemes because most of them have really passes through some difficult situations in their life and when they hear about anything that can give them quick profit, they will just divert their attention to it and if they just hear one or two person giving testimony about the ponzi, they will totally agree to it, not knowing that it's just a plot by those ponzi platform to win the trust of a whole lot of people and when they have succeeded in doing so, they will just carry out their plans of ceasing all individuals funds and disappear.

[Onyeeze]

Snip

Well you can not prevent everyone from falling victim to ponzi scheme, some people are just unawera and also uninformed about things that happen around them. I don't know for others though but some times we really can not blame some people that fall into these schemes because most of them have really passes through some difficult situations in their life and when they hear about anything that can give them quick profit, they will just divert their attention to it and if they just hear one or two person giving testimony about the ponzi, they will totally agree to it, not knowing that it's just a plot by those ponzi platform to win the trust of a whole lot of people and when they have succeeded in doing so, they will just carry out their plans of ceasing all individuals funds and disappear.

We can prevent people not to be victim of scam with carrying out a campaign against scammer's with their fake platform, like assuming it's when this GMG platform was launched newly and people noticed it in time raised alarm of the ponzi scheme been a scam investment platform some people who lost their money wouldn't have lost their money, from the picture you can see that people has already invested and also been scammed

[Dr.Bitcoin_Strange]

We can prevent people not to be victim of scam with carrying out a campaign against scammer's with their fake platform,

Campaign or no campaign, the information will not still get to everybody, and some people will still fall victim unless the government has seen how serious the case is and decided to take a general action against it, like broadcasting the news on both radio, television news stations and the news paper; otherwise, the information will not still get to everybody. If you still carry out a campaign on the forum, not everyone might still be aware, and if it's only a campaign on the forum, how about people outside the forum?

And before the government can actually come into play in any situation, that depends on how serious the issue has become. All this online ponzi, the government doesn't really pay much attention to it in my country.

[tvplus006]

Greed and the desire to make profits without hard work have led some to believe ponzi schemes will guarantee returns as promised. They forget that it is an investment that has been set up in such a way that in the end it will only take away all the customer's money, that is due to lack of knowledge and greed. Even today, ponzi schemes still exist, but come in many different guises, even in crypto.

One of the reasons for participating in ponzi schemes is the fact that newcomers do not understand how the cryptocurrency market works. The existing stereotype that you can earn a lot of money out of thin air here makes them believe in the promises of scammers to increase their profit.

[Rengga Jati]

Be aware of GMG website, should Incase kind of website will be close to your country, this site is a ponzi scam website where you will be asked to invest with the them, some days a go some people who invested with site because of a skirt Maker who promoted the site and many people thought with the skirt Maker who is promoting the GMG website that the site will be legit. So I'm of the opinion that we should avoid ponzi scheme and also make sure we make a research properly before investing in a newly created website.

Ponzi schemes are nothing new in the cryptocurrency world. In fact, it turns out that there are many projects or parties that intentionally grow up ponzi schemes for certain interests in order to benefit from the effects of the ponzi scheme. That is, a project will rise to hype, there will be big FOMO carried out by various parties, so usually the developers or certain parties will really get the benefits from this increase. However, they will not care about their fate after a drastic rise and then a drop again. since the cycle is over, they will no longer care. This is why ponzi schemes are included in the criteria for scams because most of them scam victims who usually don't really understand.