Invest small money and get big money avoid them.

[Rhow]

Greetings my fellow Naija people.

I don't know why some people are still falling into the traps of those people that will call you for phone or meet you one on one and introduce fake decentralized investment, that if you invest #100,000 you will get #200,000 within a week. Someone came to share with me that there is a BTC investment one of his neighbor introduced to him, that when he invest on it through him , my friend will get double profit from it but the minimum anyone can start with is #500,000 above, that the numbers of people they want in that BTC investment is almost complete, that he came to seek advice from me if such decentralized investment is real. But I told my friend to run alway from them, that those guys are scammers and they don't have any knowledge about BTC investment. Did I give him a good advice ? What is your advice to such person.

They are definitely scammers, how would someone set a standard to invest #500k as minimum for a start in Bitcoin investment when anyone can buy Bitcoin as little as they can afford wether by DCA lump sum or buying the dip, so long as they have the money to buy. That's how many scammers Tanish the image of  Bitcoin to run their shit and it will later creat a negative impression about Bitcoin to those who don't fully understand the whole concept of Bitcoin. We should be very careful about them expecialy when their offer are too good to be true. Any site that claim to give extreme profit in less than no time is already a reg flag. But Greed will blindfold many into doing it and later regretting their actions when it's already too late. The funny part is that some even sell their Bitcoin to gamble in this scam project because they want to make quick money but instead they lose fund too quickly.

We should be wary of such offers. Especially when someone tells you that your money will double in 1 week or that you will get a guaranteed profit, it is even more suspicious. Because if Bitcoin has good long-term prospects, it does not give us an account of making us rich overnight or a guaranteed profit. There is no problem with Bitcoin here, but rather some people are using the popularity of Bitcoin to create fake investment plans.

You are right, these are actually fraudsters. Their aim is to mislead others and embezzle money. People should invest according to their own long-term plans. If you accept someone else's false advice and invest beyond your means, you will not be able to sustain it in the long term. In fact, it is most likely that he will embezzle your money.

[Dannyella]

Greetings my fellow Naija people.

I don't know why some people are still falling into the traps of those people that will call you for phone or meet you one on one and introduce fake decentralized investment, that if you invest #100,000 you will get #200,000 within a week. Someone came to share with me that there is a BTC investment one of his neighbor introduced to him, that when he invest on it through him , my friend will get double profit from it but the minimum anyone can start with is #500,000 above, that the numbers of people they want in that BTC investment is almost complete, that he came to seek advice from me if such decentralized investment is real. But I told my friend to run alway from them, that those guys are scammers and they don't have any knowledge about BTC investment. Did I give him a good advice ? What is your advice to such person.

Yes the advice you gave to your friend is a good one.

I Learnt the hard way that there is nothing like trust in the social media space,sometimes people you know like your favs or friends online might be the reason you get scammed and deceived about investing and getting double or triple of what you invested back.

The hardship in the country has also made people fall victim of scams like this even till this present time but we can’t keep blaming people and the country for our own failures and mistakes.

If you check the links of those websites or platforms they tell you that it pays or can double your investment, they are usually not realistic and they crash in a very short period of time with your because they are all Ponzi schemes.

The people that refer you to the website say things Like
Register with 10k instead of 20k so you can be eligible to be one of the first persons to cash out ,there is limited slots available or they tell you to join their group so they can be dropping crypto updates that just launched which
 also pays according to them which is are all warning signs that it’s all fake.

These are basic attempts for those websites to get enough money from you instead of the other way round.

My advice to someone like your friend is to make findings well enough about a supposed crypto platform or website before thinking of investing any money at all into it ,To also avoid clicking unrealistic links and pay attention to warnings signs in the those write ups or websites.

[Beke_26]

Greetings my fellow Naija people.

I don't know why some people are still falling into the traps of those people that will call you for phone or meet you one on one and introduce fake decentralized investment, that if you invest #100,000 you will get #200,000 within a week. Someone came to share with me that there is a BTC investment one of his neighbor introduced to him, that when he invest on it through him , my friend will get double profit from it but the minimum anyone can start with is #500,000 above, that the numbers of people they want in that BTC investment is almost complete, that he came to seek advice from me if such decentralized investment is real. But I told my friend to run alway from them, that those guys are scammers and they don't have any knowledge about BTC investment. Did I give him a good advice ? What is your advice to such person.

Yes the advice you gave to your friend is a good one.

I Learnt the hard way that there is nothing like trust in the social media space,sometimes people you know like your favs or friends online might be the reason you get scammed and deceived about investing and getting double or triple of what you invested back.

The hardship in the country has also made people fall victim of scams like this even till this present time but we can’t keep blaming people and the country for our own failures and mistakes.

If you check the links of those websites or platforms they tell you that it pays or can double your investment, they are usually not realistic and they crash in a very short period of time with your because they are all Ponzi schemes.

The people that refer you to the website say things Like
Register with 10k instead of 20k so you can be eligible to be one of the first persons to cash out ,there is limited slots available or they tell you to join their group so they can be dropping crypto updates that just launched which
 also pays according to them which is are all warning signs that it’s all fake.

These are basic attempts for those websites to get enough money from you instead of the other way round.

My advice to someone like your friend is to make findings well enough about a supposed crypto platform or website before thinking of investing any money at all into it ,To also avoid clicking unrealistic links and pay attention to warnings signs in the those write ups or websites.

Honestly there are several unrealistic platforms and scammers everywhere lately and if you are desperate to make money in a blink you will definitely fall into the hands of this scammers. Before investing your money in any platform you are supposed to do due diligence and find out the reputation of the platform you intend to invest in although some can fake a lot of things and make them look real and genuine but then I don't think any one who wants to invest is supposed to be in a hast to invest .
A very fast way of identifying this scammers too they always come with very enticing and unrealistic offers which one should be able to know that this will definitely crash at the end of the day.

[Berry2d]

I don't know why it is so easy to convince Nigeria to get involved in ponzi schemes but when it comes to investing in Bitcoin and other relevant investment they think that they are being scammed. A lot of people blame this on ignorance but I disagree with that, their Major problem is desperation. The reason why I'm saying that is because a lot of Nigerians have been scammed several times but when a new scheme comes they rush into it hoping that it would be different.

The bottom line is that this is something that is always going to affect Nigerians, the economy of the country is also a contributing factor to this as well but it shouldn't be an excuse for stupidity.

Yes the fluctuating economy and hardship stands  as some of the reasons behind the consistent chasing of quick money maybe to meet end needs. With the current economic situation in Nigeria it is very difficult for a common man to fight his way out of poverty which the developers of this said ponzi schemes have seen as citizens weakness.
Since they have identified this weakness,  they never fails to capitalise on that said opportunity but I think for now many Nigerians have learnt the hard way and have stopped getting involved as they used to do before.
I believe if there is great transformation in Nigerians economy there won't be room for such to happen any more

[Taricoins]

Me I no de blame anybody oo, with the way the country don de, everybody just de desperate to come out from poverty, I think the major problem with Nigeria and infact the whole world na say we Sabi trust wetin de come out of close people mouth without reasoning, and some of this scams come with big evidence, I know say i don fall for one scam and this particular so called company been get certification from the state of California.

[BItcoin Guy@]

With everything that is happening are people still falling for little tricks like this?

A Bitcoin investment that offers you double the amount you put into it in just one week is definitely a big scam and these scammers their targets are mostly newbies that are still naive and vulnerable, I have seen many of this style and I ignore it immediately and even in centralized currency their are also fake investments like this and I have fallen a victim once though I didn't put in a big amount and I did it because I wanted to really see how it would turn out at the end and i only got 50% of my money back before they blocked everyone from accessing their money and I sworn never again and I would never try this in Bitcoin.

People are falling into victim because they don’t have knowledge about what scammers are telling them, and they will always find a fake evidence to show off, so that you can believe them instantly without even trying to make your own research, everyone want to leave poverty, because with the way the country is, so scammers are using the advantage of that amd convince people to invest and get double of there money in just a few days without doing anything, scammers we using crypto to scam since they won’t have any evidence to trace them up, we just need to be careful and think wisely and make your own personal research before putting your money.

[samadam007]

Yes the fluctuating economy and hardship stands  as some of the reasons behind the consistent chasing of quick money maybe to meet end needs. With the current economic situation in Nigeria it is very difficult for a common man to fight his way out of poverty which the developers of this said ponzi schemes have seen as citizens weakness.
Since they have identified this weakness,  they never fails to capitalise on that said opportunity but I think for now many Nigerians have learnt the hard way and have stopped getting involved as they used to do before.
I believe if there is great transformation in Nigerians economy there won't be room for such to happen any more

We should not blame hardship all the time, blame the greedy victims that keep falling for all these fake ponzi scheme. Tell me why one platform will promise you high unrealistic profits and you don’t bother to verify or use common sense to reason why the money multiplies just like that?

The crazy part is that some even know that particular platform is scam, but because the person that introduced them made some money/ know someone that did, then go ahead because they believe they can enter early, make profit and jump out before it crash…. That doesn’t work all the time. Even after it crash and they lose their money, what some of them do is move to another new platform promising a higher profit. It’s a cycle.

[Nasdel4]

I don laugh tire. At this age and time even after all the stories people have heard about get rich quick schemes, people don't still want to learn. Whenever you hear about things like this you better run away because it's definitely not going to end well. You adviced him well and that has saved him and his money. People have little or no know about bitcoin investment, when they hear about bitcoin they quickly conclude it's something that would bring them money in a short period but that's far from the actual situation. Please lets be careful with people who bring up such opportunities and tell us it has limited time or the offer has been limited to few persons, it's a way to pressure you to jump in without doing research. Always do your research.

[gracreavix]

First off, you gave him a good advice. To the main thing. Just because it's decentralised that doesn't make it a good investment. It's very issue to know scam when you see on. Why am I saying this? Scams comes majorly with quick money making scheme. All they feed on is people's desperation and greed. Firstly, you should know how they tend to raise that money to give to you. If you check well, the way they say they will raise the money is always questionable. Why? Because it won't make sense at all.

[Itz-prisigold]

We should not blame hardship all the time, blame the greedy victims that keep falling for all these fake ponzi scheme. Tell me why one platform will promise you high unrealistic profits and you don’t bother to verify or use common sense to reason why the money multiplies just like that?

The crazy part is that some even know that particular platform is scam, but because the person that introduced them made some money/ know someone that did, then go ahead because they believe they can enter early, make profit and jump out before it crash…. That doesn’t work all the time. Even after it crash and they lose their money, what some of them do is move to another new platform promising a higher profit. It’s a cycle.

Another thing I also noticed about scammers is the pressure they put on their victims. They mostly tell their victims there's only few spots that's available or first come first serve. And seriously these kind of statement mostly put someone under pressure without taking time to verify your things.

I don't see any reason why I will blindly invest 500k into an investment I no nothing about. So if someone is asking you to put your money into an investment, I don't see anything bad with you trying to verify things properly. Most times ask few questions like, where is the profit coming from and where can you verify these informations. But if the person cannot really give you a very good explanation, but all they are doing is to rush you into making payment, that alone is enough reason for you to step back and think twice.

[Bright0515]

Unfortunately Nigerians would always fall into such schemes no matter how you try to talk them out of it. The problem can be blamed on the economic situation, bad leadership structure and other factors but we must also talk about the fact that Nigerians are too greedy and desperate. Nigerians claim to be smart but they are the easiest to deceive, a lot of these ponzi schemes that these people fall for have been linked to being created by people that are not Nigerians, meaning foreigners are the ones taking advantage of people that are supposed to be street smart because of how desperate they are to make money.

[Mayor of ogba]

If there's any legit investment that can double your capital within a week the persons that know about the investment won't even let the public know about the investment just to protect his source of income, and if the persons have make a lot of money from the investment and they decide to let people know about the investment, they will only bring to the notice of their loved ones, for it to be a family business. So if there are people who is telling you if you invest 100,000 Naira, you will get 200,000 Naira as ROI under one week just know that it's a clear ponzi scam and you will run for your dear life.