But why people the still choose Ponzi schemes over bitcoin?

[IjawMan]

I see this news on Friday about CBEX when people come the talk say the platform done crash and people done lose all their money them invest inside. For those way no know waythin be CBEX, it stands for China Beijing Equity Exchange. According to them say nah digital asset trading platform way you fit dey trade. But plenty experts done the warn say the platform gets all the look-alike of a Ponzi scheme just as MMM was. Now since Friday 11th April Investor never fit withdraw their money and the platform the drop message say nah till 15th April them fit the do withdrawal. Somebody now the cry say him no fit withdraw him $60,000 him put inside and many others too.

Even the way the world done they now with information at the palm of the hand with just a click to the internet people still no the want feat differentiate between real and fake assets and platforms. Since I know about bitcoin I never hear this shitty stories but people for we Nigeria no want to they exercise patience to invest inside bitcoin where their money no go get scammed. Normally we know say when Ponzi scheme wan crash na this type of excuses them the start with to control the fears and carnage the information of a sudden crash feat cause their foolish victims and also for the scammers to get ample time to clean any traces.

My people make sure to avoid Ponzi scheme no matter the means or channel it takes come Ponzi na Ponzi and it go bite you last last.
https://x.com/MobilePunch/status/1910693893365989881?t=bWy5xcEGXCMJxVeuSuVikA&s=19

[Mate2237]

This is simply people want immediate and quick money so where that they see that they are promised unrealistic and quick ways of making money more people tends to believe and follow such people so that they can make money quickly this is again another wake up call to people that the way to financial freedom is not through ponzi schemes or get rich quick ideas but through investment in a reputable business that has a high level of return on investment


This is where Bitcoin comes in Ponzi schemes should not be prioritized over Bitcoin because Bitcoin has been proven to be a store of value through which financial freedom can be attained by so people should look the way of Bitcoin investment rather than putting your money in platforms that has not proven over time

[TalkativeCoin]

I think that most of them don't realize that something is a Ponzi scheme, it just flies over their head, be it because of ignorance or just lack of knowledge.

[IjawMan]

This is simply people want immediate and quick money so where that they see that they are promised unrealistic and quick ways of making money more people tends to believe and follow such people so that they can make money quickly this is again another wake up call to people that the way to financial freedom is not through ponzi schemes or get rich quick ideas but through investment in a reputable business that has a high level of return on investment

What has not sink fine with me trying to comprehend is how will someone who can decide to risk $60,000 so big funds won't do a thorough research about where to put his money that would yield him sure profit. Is this greed or we have to call it ignorance. Because prominent people too which we will think are enlighten to know the difference between Ponzi scheme and bitcoin to know where to invest right are same people that are acting foolish and dump.

[knowngunman]

Well, I no fit argue whether the platform na ponzi or not but I must admit that e get plenty red flags. Wetin I observe with people, not only our Naija people ooo but people in general dey very interested in anything wey go give them quick money without efforts. Na why plenty people dey always fall victim for this kind wahala.

As concerning the crash, I no sure say CBEX don really crashed. Wetin dey happen na just misinformation and you sabi the norms na, rumours travel faster than legit information with the help of media and propaganda.



This image above explains wetin dey happen with withdrawal issue but our people are too gullible to believe anything dem hear or read online without making a proper investigation to find out first hand information. The information dey simple, CBEX dey aware of the issue and na deliberately based on say people wan take advantage of the platform by depositing to get bonus and withdraw without making trade which the platform considered as a cheat.

Let me break it down for you a bit. CBEX dey give bonus once you deposit money into your account to trade which is the primary function of the platform. But you know our people always want to claim smartness na. People don't longer trade anymore but want to withdraw the bonus and runaway which defies the reason for the bonus. Na why dem suspend the withdrawal for people wey no get reasonable trading volume. If you get reasonable trading volume over this period, you fit withdraw your money. Na people wey get intention to cheat the platform and people wey dey anticipate the crash dey shout say e don crash.

Lastly, you no fit compare this kind thing with bitcoin. Psychologically, people can risk a lot but can't be patient enough. Bitcoin combine the two, both risk and patience but na that patient dey make people run from bitcoin. They no really care about the risk involved as long as promised them fast money. We dey learn everyday but plenty people are not ready to change their ways. Even if MMM still comes back today, people go still rush am forgetting wetin happen before.

[Joy- maker]

I see this news on Friday about CBEX when people come the talk say the platform done crash and people done lose all their money them invest inside. For those way no know waythin be CBEX, it stands for China Beijing Equity Exchange. According to them say nah digital asset trading platform way you fit dey trade. But plenty experts done the warn say the platform gets all the look-alike of a Ponzi scheme just as MMM was. Now since Friday 11th April Investor never fit withdraw their money and the platform the drop message say nah till 15th April them fit the do withdrawal. Somebody now the cry say him no fit withdraw him $60,000 him put inside and many others too.

Even the way the world done they now with information at the palm of the hand with just a click to the internet people still no the want feat differentiate between real and fake assets and platforms. Since I know about bitcoin I never hear this shitty stories but people for we Nigeria no want to they exercise patience to invest inside bitcoin where their money no go get scammed. Normally we know say when Ponzi scheme wan crash na this type of excuses them the start with to control the fears and carnage the information of a sudden crash feat cause their foolish victims and also for the scammers to get ample time to clean any traces.

My people make sure to avoid Ponzi scheme no matter the means or channel it takes come Ponzi na Ponzi and it go bite you last last.
https://x.com/MobilePunch/status/1910693893365989881?t=bWy5xcEGXCMJxVeuSuVikA&s=19

no be say people no know say Ponzi scheme now red frag oh, they know now just them need Sharp sharp money them no won take their time do better investment long term, just as bitcoin dey now, many people know say when you accumulate bitcoin and hold for long term ehh dey give good profits, but because say people no won dey patient for life now wetting dey make them prefer Ponzi scheme than bitcoin and now  so them go still dey get disappointments from all this Ponzi scheme.

[Kelward]

With my experience and observation about online platforms wey person de deposit money inside, na only reputable sites I fit to deposit my money inside. I don tell myself say every investment wey de promise di investors quick cash on di short term na red flag for scam. No free money for online, most of the platforms na Ponzi sites dem be. Dem fit to pay di first sets of investors to attract plenty more and when dem don reach dem target dem go begin tell stories, di next thing dem don shutdown.

E no even de recommended to leave your funds for inside reputable exchanges wey don build trust talk less of di ones wey never build any trust and reputation. DYOR before you put your money inside any platform no matter di sweet mouth wey dem take to convince you to invest your hard earned money because of had I known. Invest in Bitcoin wey you de sure say you go get ROI on the long term.

[Davidvictorson]

This is simply people want immediate and quick money so where that they see that they are promised unrealistic and quick ways of making money more people tends to believe and follow such people so that they can make money quickly this is again another wake up call to people that the way to financial freedom is not through ponzi schemes or get rich quick ideas but through investment in a reputable business that has a high level of return on investment

I dey guilty of this. Many years ago, I follow do all those ponzi thing o. I remember that MMM time when I still been det uni. I follow o. I still do the other ones. Infact anybody wey nor follow then, na him lose because the ponzi money help us go through one or two rough days for school that year. So I not really be the first to throw stones for people wey still dey do am. As for me anybody we wan do just do am dey go. Nor ever try to involve me say make you be my uplink, make me sef come bring two people. I go just comot ya teeth.
Bitcoin na the ultimate, e slow but e sure.

[Gozie51]

People wey want fast lane stuff no go ever learn. Na MMM be one of the earliest ponzi wey I fit remember back then when scam me because I no sabi anything about am but omo none of those schemes wey I fit put head into. Some people really dey funny when you go dey tell them say the market wey dem carry come introduce to you say na scam but they won't agree until e go happen. Even this CBEX too I have heard of it and people that told me about it are trying to borrow money put inside while some have already started. It is a pity

Since the days of MMM, I just stayed away from those scam ponzi and I don't look at it , never.

[CryptoHeadlineNews]

Even the way the world done they now with information at the palm of the hand with just a click to the internet people still no the want feat differentiate between real and fake assets and platforms.

It's just quite sad with the level of awareness today about online investments, people still fall victim to Ponzi schemes, despite what the likes of MMM and Twinkas did ro Nigerians many years ago, as those investment platforms ran away with billions of Naira belonging to the poor Nigerian people. Because this days when I bear that people fell victim to ponzi scheme, I literally not pity them anymore, because they had the opportunity to invest in Bitcoin, but yet chose a get rich quick scheme and now facing the consequences of it. Because the main factor that drives people into investing in Ponzi schemes is greed, and until people stop being greedy and appreciate a legit genuine investments. They will always fall victim to further Ponzi schemes.

[BIT-BENDER]

Everyone might have their different reasons, opinion as to why they think anyone would pick ponzi scheme over Bitcoin. The actual truth is knowledge, you can have your various reasons and even stories but it still all leads to lack of knowledge.
Many people taking part in Ponzi scheme actually don't know much about it or haven't experienced it bad side, nor do they know much about crypto-currency.
There are many people here at some point took part in Ponzi scheme because of how it was sold to them but now have a better knowledge and understanding about it.

[Shadiq]

It is very easy for me to spot a scam. Wherever I smell a temptation, I do not think twice about rejecting it. Because I like to follow a basic principle, my basic principle is that money never comes without sufficient hard work and time. If I see something that says you can get rich without hard work and in a short time, I reject it just because it can be associated with a scam and I leave it completely. If you can lead your life with such a principle, then I can guarantee that you will not fall for any scam. Do not be emotional and do not be tempted.

[Stable090]

I see this news on Friday about CBEX when people come the talk say the platform done crash and people done lose all their money them invest inside. For those way no know waythin be CBEX, it stands for China Beijing Equity Exchange. According to them say nah digital asset trading platform way you fit dey trade. But plenty experts done the warn say the platform gets all the look-alike of a Ponzi scheme just as MMM was. Now since Friday 11th April Investor never fit withdraw their money and the platform the drop message say nah till 15th April them fit the do withdrawal. Somebody now the cry say him no fit withdraw him $60,000 him put inside and many others too.

Me I never hear about the platform before, if no be say you dey talk am now, me I no even sabi say another Ponzi scheme Dey wey people Dey run now. Most of the people wey Dey fall for all this Ponzi scheme, na people wey Dey hustle for free money, or make I talk say people wey Dey look for quick money. If I Dey see any platform wey Dey talk say risk no Dey Wetin I Dey invest in, and I no fit lose money, then I Dey commot hand, e don show say the Platform is owned by scammers, because for every investment, make we know say risk Dey there, and chances of losing money Dey.

The reason why most people no Dey like invest in bitcoin, and them Dey prefer to put money for all dis Ponzi scheme na because some of them no really know much about bitcoin yet, and dem Dey believe say d Ponzi scheme wey Dey put money no go scam them, and some go talk say before Dey go run, Dey for don make there money.

Some people na just quick money dem Dey look for, and dem believe say na from all this Ponzi c
Scheme Dey go fit achieve that, na why people like to Dey risk their money for even all this meme coins, na coins wey fit give mad profit within a short period of time.

[DaNNy001]

It's human nature to Chase something that's quick and doesn't take a lot of stress to get profit from, this is what Ponzi offers... People want to see results but they don't wan to put in the work to get it done... looking for quick money only results to you losing your money in minutes..there are people that have spent money on ponzi schemes but they can't really put in that energy to to investing in BTC ... Anyone who still does this in 2025 isn't tired of mediocrity.. choosing schemes under Bitcoin is absolutely impossible.

[Asiska02]

I see this news on Friday about CBEX when people come the talk say the platform done crash and people done lose all their money them invest inside. For those way no know waythin be CBEX, it stands for China Beijing Equity Exchange. According to them say nah digital asset trading platform way you fit dey trade. But plenty experts done the warn say the platform gets all the look-alike of a Ponzi scheme just as MMM was. Now since Friday 11th April Investor never fit withdraw their money and the platform the drop message say nah till 15th April them fit the do withdrawal. Somebody now the cry say him no fit withdraw him $60,000 him put inside and many others too.

I never hear of this platform before and I dey surprised say people go dey carry big money like this they put for this kind scheme and expect say their month they in safe hands. Even crypto exchanges wey get backups, to put money there dey hard person because everybody dey fear the repercussions of saving their money there which many of them don rug pull in the past before. I no dey like hear people lost money like this because e go dey discourage people to invest in bitcoin as them go term am all the same thing now and go begin discourage people to show interest in the real digital asset.

Even the way the world done they now with information at the palm of the hand with just a click to the internet people still no the want feat differentiate between real and fake assets and platforms. Since I know about bitcoin I never hear this shitty stories but people for we Nigeria no want to they exercise patience to invest inside bitcoin where their money no go get scammed. Normally we know say when Ponzi scheme wan crash na this type of excuses them the start with to control the fears and carnage the information of a sudden crash feat cause their foolish victims and also for the scammers to get ample time to clean any traces.

Some people still dey naive of all this and you no go too blame them for all this things. Most of them now as this thing don happen to dem na him dem go know how to take find their way around this digital space of investment opportunities. Dem go know say better assets they to invest in like bitcoin wey go give them good returns for investment than all this Ponzi schemes wey dey scam people of their money always. Another reason fit be Naija ways on how them dey treat anything relating to crypto to make them look for other means to invest than bitcoin. But all in all, a word dey enough for the wise and to take caution.

[odunybiz]

Always put in mind that people always love what will give them more than twice of their investment in limited time. This is what greediness has cause generally. Even when you check the crypto space, most people buy shitcoin even more the bitcoins.

[Cryptohygenic]

Op the tune of ur thread title com sound like say those people way dey use the exchange platforms for their trading dey aware say na Ponzi platform dem dey deal with intentionally like that.
I just think say that na out of lack of their knowledge say dem non know say na so e go be. At times wetin dem dey warn you about for the crypto space no be true oh as some of dem fit just be criticism against the platform. U fit just imagine when we govt dey tell us not to see bitcoin as a legit or worthy to be trusted just bcos bitcoin dey resist dem to control am.
Nobody fit see were em money go lost and decide to throw sm there oh. Unless the person na gambler way dey Ignore risk of lost.
Rather anybody way find any space to venture their digital finances just need make big research before u ride on bcos for most times no be wetin adverts or media dey tell us be true.
I just see am say any knowledgeable crypto person way fall for this CBEX na out of greed way fit be offers dem dey give or promised to give their community users way to make am fall into such victim.

[Mehmet69]

Always put in mind that people always love what will give them more than twice of their investment in limited time. This is what greediness has cause generally. Even when you check the crypto space, most people buy shitcoin even more the bitcoins.

Yes, you are right. People usually come to cryptocurrency to make money. So they keep looking for which platform can make more money in less time. So they keep buying new crypto coins. But most people face losses again and again, but they keep buying it again and again in the hope of a win.

[Jostern]

I see this news on Friday about CBEX when people come the talk say the platform done crash and people done lose all their money them invest inside. For those way no know waythin be CBEX, it stands for China Beijing Equity Exchange. According to them say nah digital asset trading platform way you fit dey trade. But plenty experts done the warn say the platform gets all the look-alike of a Ponzi scheme just as MMM was. Now since Friday 11th April Investor never fit withdraw their money and the platform the drop message say nah till 15th April them fit the do withdrawal. Somebody now the cry say him no fit withdraw him $60,000 him put inside and many others too.

Even the way the world done they now with information at the palm of the hand with just a click to the internet people still no the want feat differentiate between real and fake assets and platforms. Since I know about bitcoin I never hear this shitty stories but people for we Nigeria no want to they exercise patience to invest inside bitcoin where their money no go get scammed. Normally we know say when Ponzi scheme wan crash na this type of excuses them the start with to control the fears and carnage the information of a sudden crash feat cause their foolish victims and also for the scammers to get ample time to clean any traces.

My people make sure to avoid Ponzi scheme no matter the means or channel it takes come Ponzi na Ponzi and it go bite you last last.
https://x.com/MobilePunch/status/1910693893365989881?t=bWy5xcEGXCMJxVeuSuVikA&s=19

That is because people doesn’t have good knowledge about ponzi schemes, most people are interested in a get rich quick scheme, which this things are even not going to last forever. And then with time this things are going to crash and they will loose all there money. Most of this people is greediness of getting huge amounts of money that is the cause why people fall into this trap. But some who have a good knowledge about scams and knows how important of an asset Bitcoin is wouldn’t fall into such temptation of investing in Ponzi schemes. It’s also important to educate people about this Ponzi scheme so people can spot them when they see one.

[Y3shot]

It is only ignorance of wanting to make money quick in ponzi na go only make person to think say ponzi dey better than bitcoin investment . Most of us have been in this stage when we  ever have understanding of how all this thing dey work, you go just feel say ponzi scheme na reliable way of making money. Ns lack of understanding na dey carry people to go put body into ponzi scheme and when people don get understanding of wetin ponzi scheme don be them no dey even make mistakes to even continue with ponzi scheme again.