From $30 to $10,000: When Profit Projections Become a Greed Trap

[serjent05]

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Please be aware of this typer of greedy offer. The platform they will use is Polymarket.


Although they are giving away the disclaimer that this money can be lost, I still think luring someone by giving them the option to explore something that is almost impossible is wrong. They are playing this game by brainwashing people.

The offer is more likely a scam.  Although they have disclaimer that the money can be lost but their promotion of 6% initial profit daily is too strong that it overshadows the importance of the disclaimer making people think that it is a sure thing.

I will stay away from this kind of scheme, we all know that a promised daily 6% initial profit is a promise "set in gas".  More likely, it is a scheme to scam people because it somehow lack substance and is difficult to hold into.

[Natalim]

Not just any greedy offer but most likely scam, the first thing we should learn is never ever give money to anyone either through "investment" or any form of transferring your money, once you don't access on it, you already lost it. Second thing, theoretically that compounding could work if you assume that every time you trade is a win, a few consecutive losses could wipe your entire bankroll/wallet.

Lastly, if someone said about trading and they gave you a fix profit monthly or daily, it's an easy no since there's no trader are sure whether they can earn 3% daily in trading.

Greed is a major component of scams, so if you are seeing greedy offers that already sound too good to be true, definitely its a big scam. Do not trust that person or company because they are just trying to deceive us, not to offer help but only steal our funds.

And trading is like gambling, you may win some, but you could lose your entire bankroll in just a blink of an eye. Trading is no different, there are no fixed outcomes and most of the time, you lose more than you win. Better get rid with this obvious scam offer.

[Homemade-IQ]

What they are doing is gambling, so I believe that those that are ready to risk their hard earned money in it are aware that the chances of losing their money in something like this is way greater than their chances of winning, so it's not a bad risk they are taking if they are doing it with what they can afford to lose, but if they are doing it with more than what they are willing to lose, that is where the problem is.

To make big money in gambling you need to take stupid risk and be greedy at the same time, because what they are doing is pure gambling, so I don't think that they are brainwashing anyone as long as they told them how risky what they are getting into is.

[Homemade-IQ]

What they are doing is gambling, so I believe that those that are ready to risk their hard earned money in it are aware that the chances of losing their money in something like this is way greater than their chances of winning, so it's not a bad risk they are taking if they are doing it with what they can afford to lose, but if they are doing it with more than what they are willing to lose, that is where the problem is.

To make big money in gambling you need to take stupid risk and be greedy at the same time, because what they are doing is pure gambling, so I don't think that they are brainwashing anyone as long as they told them how risky what they are getting into is.

[Ayers]

But he has a community where he can at least gather 100 people from it , and the minimum contribution is $30; there is no cap. They will take 30% from total profit. Still I think it is absurd when you can make $10k from ur own money collecting money from the community.

However my objection is not just that they are taking money from other.
My question is, how are they claiming to generate 3-6% daily return without providing any evidence!

Starting with $30 and compounding 3% net profit daily for 150 consecutive day would result in balance of approx $2540, its not $10k.
And with 6% daily compound rate, balance will be approx $187000.
These are hypothetical calculation before accounting for fee, loss and withdrawal.
I don’t quite understand how their 3% daily profit and 3% withdrawal policy actually works.

And my biggest concern is consistency. It is not impossible to find any winning trade every day in Polymarket. Any single losing streak of their will wipe out profit accumulated over many previous days. What will they do then?

[Hispo]

The exact moment I saw the yield of this alledged investment (or rather gambling offer), I knew you were talking about something which was almost impossible, something which fits more the definition of scams rather the definition of investment...

Anyways, it is sad and disappointment there are people who are willing to give their hard-earned money to other people only offering promises and hot-air to them.

I don't know who those people are, but I would get they will likely collect the money or part of the money and ran away within, claiming they have lost all of it to Polymarket.

If something seems to be too good to be true, then it is likely a scam.

[Mrbluntzy]

Please be aware of this typer of greedy offer. The platform they will use is Polymarket.

With all the different types of ponzi schemes and scam investment strategy that have trend in the past and present, anybody that agrees to put their money in this kind of thing is just a foolish person, out of every good investment, the person doesn't see where to put their money to but chose trading on polymarket, no gambler here can be that foolish except it's just naive beginner that doesn't know much about gambling but is desperately looking for a quick way to make money.