The ponzi trend is getting worse. Weeklyponzi & Cryptodouble

[ndnh]

The admin got around 25BTC+ by taking a mere 5% cut from all deposits in less than 48 hours form the start.

Over 575BTC invested now.

What fees do you, the owner, take?
I take a very modest 5%. DON'T FRET, you still get exactly 130% of your initial deposit on payout!

The trend is not very good. People will be making big losses by the end. The volume is too big making the system completely unstable.

Understand that not even 2 days of the 7 are over.


To all the members who have some sense, please don't get greedy and put your money there. In the end we all lose. This is not good.  

It is ongoing for 5 days, I keep putting 3x 1btc from 3 different wallets  and its came home 7 times  for me all ready today. I will repeat tomorrow with 6 btc and keep going until the last day.

[onemorebtc]

The admin got around 25BTC+ by taking a mere 5% cut from all deposits in less than 48 hours form the start.

Over 575BTC invested now.

What fees do you, the owner, take?
I take a very modest 5%. DON'T FRET, you still get exactly 130% of your initial deposit on payout!

The trend is not very good. People will be making big losses by the end. The volume is too big making the system completely unstable.

Understand that not even 2 days of the 7 are over.


To all the members who have some sense, please don't get greedy and put your money there. In the end we all lose. This is not good. 

are you sure he didnt "invest" himself just to make it look like it is gonna be a success?
anyhow... that ponzies are just gambling should be known by now by every member here

[koshgel]

That is crazy. How is it still sustainable after all those cuts?

It doesn't matter how much you warn people though. As soon as they get a payout, they think it's legitimate. Inherent greed.

[ndnh]

That is crazy. How is it still sustainable after all those cuts?

It doesn't matter how much you warn people though. As soon as they get a payout, they think it's legitimate. Inherent greed.

It is highly out of balance.


They need around 200BTC new investment to payout all the investors. (Assuming that the admin took only 5% he said as fees.)

180BTC to be exact, atm.

[michaeladair]

The admin got around 25BTC+ by taking a mere 5% cut from all deposits in less than 48 hours form the start.

Over 575BTC invested now.

What fees do you, the owner, take?
I take a very modest 5%. DON'T FRET, you still get exactly 130% of your initial deposit on payout!

The trend is not very good. People will be making big losses by the end. The volume is too big making the system completely unstable.

Understand that not even 2 days of the 7 are over.


To all the members who have some sense, please don't get greedy and put your money there. In the end we all lose. This is not good.  

Dude, people know what they are getting into when they send money to that site.
Just leave it be, at least it's an honest site.

Interrobang anyone‽‽‽‽

[ndnh]

Dude, people know what they are getting into when they send money to that site.
Just leave it be, at least it's an honest site.

Interrobang anyone‽‽‽‽

No, people knows it. But I don't think they can anticipate the losses in advance.
This one is going to hit badly. Very badly.

Just wait 5 more days and you will see.

[Small]

Well, honestly it's not really the owner's fault.
It would be the investors' fault for taking the risk.

Though I'm not supporting ponzis, be it hidden or open,
I think the right action to take here is to root it out from the source.
That being said, we should educate people about this issue.

[WeeklyPonziV3]

I'm not trying to fool anyone. It's 100% transparent, 100% honest in the fact that it's a ponzi scheme, there is a risk of not getting paid out when the week ends. But hey, there's always next week! The users assume the risks by depositing into weeklyponzi. Many users have made a good profit in the last day or so. I don't know what exactly you're trying to prove by creating a thread such as this. There's no mystery surrounding "oh is it a ponzi, idk man - is it?". Yes it's a ponzi. Nothing to debate here.

[koshgel]

The admin got around 25BTC+ by taking a mere 5% cut from all deposits in less than 48 hours form the start.

Over 575BTC invested now.

What fees do you, the owner, take?
I take a very modest 5%. DON'T FRET, you still get exactly 130% of your initial deposit on payout!

The trend is not very good. People will be making big losses by the end. The volume is too big making the system completely unstable.

Understand that not even 2 days of the 7 are over.


To all the members who have some sense, please don't get greedy and put your money there. In the end we all lose. This is not good.  

Dude, people know what they are getting into when they send money to that site.
Just leave it be, at least it's an honest site.

Interrobang anyone‽‽‽‽

Why are you defending a scam? How can it be honest when by definition he will shut down and run when there is no more BTC rolling in. Look it front of you 5 feet and see where this is going to lead. Just because you got paid out in a ponzi doesn't mean they are honest. It makes you complicit in encouraging more scammy behavior.

[koshgel]

I'm not trying to fool anyone. It's 100% transparent, 100% honest in the fact that it's a ponzi scheme, there is a risk of not getting paid out when the week ends. But hey, there's always next week! The users assume the risks by depositing into weeklyponzi. Many users have made a good profit in the last day or so. I don't know what exactly you're trying to prove by creating a thread such as this. There's no mystery surrounding "oh is it a ponzi, idk man - is it?". Yes it's a ponzi. Nothing to debate here.

Are you located in the US? What you are doing is fraud.

[Small]

I'm not trying to fool anyone. It's 100% transparent, 100% honest in the fact that it's a ponzi scheme, there is a risk of not getting paid out when the week ends. But hey, there's always next week! The users assume the risks by depositing into weeklyponzi. Many users have made a good profit in the last day or so. I don't know what exactly you're trying to prove by creating a thread such as this. There's no mystery surrounding "oh is it a ponzi, idk man - is it?". Yes it's a ponzi. Nothing to debate here.

Are you located in the US? What you are doing is fraud.

He isn't doing fraud since he actually *is* telling the truth. It is a ponzi.
And the basic definition of fraud is a lie :/

And yes, in the end the person may run when there is no BTC rolling in,
but that's not his fault, why would you run a falling business?

but really. Just don't use the ponzi. gosh.
I'm sure if we taught newbies about the ponzi scheme it wouldn't get that bad

[michaeladair]

The admin got around 25BTC+ by taking a mere 5% cut from all deposits in less than 48 hours form the start.

Over 575BTC invested now.

What fees do you, the owner, take?
I take a very modest 5%. DON'T FRET, you still get exactly 130% of your initial deposit on payout!

The trend is not very good. People will be making big losses by the end. The volume is too big making the system completely unstable.

Understand that not even 2 days of the 7 are over.


To all the members who have some sense, please don't get greedy and put your money there. In the end we all lose. This is not good.  

Dude, people know what they are getting into when they send money to that site.
Just leave it be, at least it's an honest site.

Interrobang anyone‽‽‽‽

Why are you defending a scam? How can it be honest when by definition he will shut down and run when there is no more BTC rolling in. Look it front of you 5 feet and see where this is going to lead. Just because you got paid out in a ponzi doesn't mean they are honest. It makes you complicit in encouraging more scammy behavior.

Even if people stop investing money in the site and people don't get anymore money... that still doesn't make it a scam.
If he steals all the money, then it is a scam.

But right now he gets 5% of every investment, that is not bad at all for him...

[WeeklyPonziV3]

I'm not trying to fool anyone. It's 100% transparent, 100% honest in the fact that it's a ponzi scheme, there is a risk of not getting paid out when the week ends. But hey, there's always next week! The users assume the risks by depositing into weeklyponzi. Many users have made a good profit in the last day or so. I don't know what exactly you're trying to prove by creating a thread such as this. There's no mystery surrounding "oh is it a ponzi, idk man - is it?". Yes it's a ponzi. Nothing to debate here.

Are you located in the US? What you are doing is fraud.

No sir. Not everyone on the internet is from the US, are they now? Keep your "legal advice" to yourself. Fraud - wrongful or criminal deception intended to result in financial or personal gain.. Do you see any deception going on here? No sir.

[cypher21]

and what is with cryptodouble? They need 4000 new BTC to pay the last people out.

[ndnh]

I'm not trying to fool anyone. It's 100% transparent, 100% honest in the fact that it's a ponzi scheme, there is a risk of not getting paid out when the week ends. But hey, there's always next week! The users assume the risks by depositing into weeklyponzi. Many users have made a good profit in the last day or so. I don't know what exactly you're trying to prove by creating a thread such as this. There's no mystery surrounding "oh is it a ponzi, idk man - is it?". Yes it's a ponzi. Nothing to debate here.

Those users might reinest bigger amounts and at the last moment, whey will be big losers.

For instance, if it closes now, there is around 140BTC investors who lose. Suppose there are 20 investors, it is quite liberal to assume that at least 5 of them will be hugely hit.
The trend is that most of the new transactions are of high denominations while the older ones are low. So the first ones profited. There is no surprise in that. But the losing amount will be huge.


5% of the investment. Over 25BTC. And it is honest? You mention it straight.

A thief says I am going to steal your money, and steals it. The thief is certainly honest, is he?

I'm not trying to fool anyone. It's 100% transparent, 100% honest in the fact that it's a ponzi scheme, there is a risk of not getting paid out when the week ends. But hey, there's always next week! The users assume the risks by depositing into weeklyponzi. Many users have made a good profit in the last day or so. I don't know what exactly you're trying to prove by creating a thread such as this. There's no mystery surrounding "oh is it a ponzi, idk man - is it?". Yes it's a ponzi. Nothing to debate here.

Are you located in the US? What you are doing is fraud.

No sir. Not everyone on the internet is from the US, are they now? Keep your "legal advice" to yourself. Fraud - wrongful or criminal deception intended to result in financial or personal gain.. Do you see any deception going on here? No sir.

Oh really? No personal profit?
No deception? Of course, you are honest to the part that says you are stealing.

[koshgel]

I'm not trying to fool anyone. It's 100% transparent, 100% honest in the fact that it's a ponzi scheme, there is a risk of not getting paid out when the week ends. But hey, there's always next week! The users assume the risks by depositing into weeklyponzi. Many users have made a good profit in the last day or so. I don't know what exactly you're trying to prove by creating a thread such as this. There's no mystery surrounding "oh is it a ponzi, idk man - is it?". Yes it's a ponzi. Nothing to debate here.

Are you located in the US? What you are doing is fraud.

No sir. Not everyone on the internet is from the US, are they now? Keep your "legal advice" to yourself. Fraud - wrongful or criminal deception intended to result in financial or personal gain.. Do you see any deception going on here? No sir.

I'm not claiming to be a securities lawyer. But individuals on this board have gone to prison for the same thing

http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370539730583#.VLDcMSvF-0y

By definition ponzi is investment fraud. Doesn't matter how you spin it.

[sandykho47]

Actually, i already invest this site
Because i see i still can get profit if i invest now

I'm not sure if this site owner really honest (maybe he can be honest because he's set 5% fee, it's a huge fee)
But for now, it's still safe to invest

[stellar1]

As a ReNewbie to BTC why do I see so much fraud/theft/cheating in different costumes (or naked like this one perhaps) in the BTC business world ? Is this how entrepreuners approach or use or attract to the BTC economy ?

I will be grateful to the most enlightened/inclusive answers.

Thanks

[michaeladair]

As a ReNewbie to BTC why do I see so much fraud/theft/cheating in different costumes (or naked like this one perhaps) in the BTC business world ? Is this how entrepreuners approach or use or attract to the BTC economy ?

I will be grateful to the most enlightened/inclusive answers.

Thanks

There's fucking frauds in Fiat too bro. Pyramid schemes and everything, assholes are everywhere and they found a new currency to exploit. We just need to work together to get rid of them.

[onemorebtc]

Actually, i already invest this site
Because i see i still can get profit if i invest now

I'm not sure if this site owner really honest (maybe he can be honest because he's set 5% fee, it's a huge fee)
But for now, it's still safe to invest

please dont call it investment
you are gambling. which is fine... but it has nothing to do with investing