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[AudraMiller]

In the cryptocurrency world there is a lot of Ponzi schemes where people invest in a site that has large rewards and the money from previous investors is used to pay off their investment. This gives the sense that the site is legitimate in paying out its members however this is just simply taking money from one person and giving it to another. By definition this is referred to as a Ponzi scheme. However many of these websites contain payment proofs which show the transaction in cryptocurrency where the person is being paid out. However we need to be very careful when it comes to these payment proof because this is generally fake and it is typically one person within the scheme sending it to another person running the scheme and therefore creating the illusion that there is actual payments taking place. Therefore I am floor all of the members here to be very careful when looking at a payment proof on your website and rather to use forums such as this one in order to gauge the personal use experience.

 

[Razor1911]

Such sites are parasites of the online business. Mostly the newbie trader gets attracted to it. An experience person who knows about such ponzi schemes will never ever trade on such sites. It's better to away from them.

 

[microunit]

As people get knowledge and experience, these site owners also improvise or think of new ways to get to scam them , this is why we can't be really relaxed in just sending our money to sites we barely know

 

[AudraMiller]

Ponzi schemes are characterised by gaining money at another's loss. They usually have a shortspan.

Typically thy have a target profit that they want to meet from other people's money and once they get to that point then they stop and they take out all of their funds and start another scheme.

 

[a_jerobon]

I have fallen victim to such ponzi schemes because of trusting the fake payment proofs. These days, I steer clear from such sites even if I see payment proofs. It is really best when you read the reviews in such forums as this and trust them when they say that such sites end up being scams.

 

[AudraMiller]

I have fallen victim to such ponzi schemes because of trusting the fake payment proofs. These days, I steer clear from such sites even if I see payment proofs. It is really best when you read the reviews in such forums as this and trust them when they say that such sites end up being scams.

This is my thought as well. However when it comes to Reading the reviews that you see half certain websites you have to make sure that the forum is reviewing the website in a legit manner. There are some people who actually paid to write positive reviews on various forums and therefore you have to make sure that multiple users have actually reviewed the website before you use it.

 

[Niftyicon]

Those payment proofs are not necessarily fake because those who uploaded them may have been paid truly and their duty is to recruit more people to sustain the scheme. Those who enter late are mostly left with nothing and end up scammed. It is therefore imperative that apart from looking out for payment proofs, we should find out what those schemers are investing into to yield the returns being paid.

 

[Razor1911]

As people get knowledge and experience, these site owners also improvise or think of new ways to get to scam them , this is why we can't be really relaxed in just sending our money to sites we barely know

Exactly. They try to remain one step ahead of others. Daily there are new types od scams coming to loot the innocent people. It has to be curtailed, but we don't have any regulatory body where we can complain.

 

[microunit]

Exactly. They try to remain one step ahead of others. Daily there are new types od scams coming to loot the innocent people. It has to be curtailed, but we don't have any regulatory body where we can complain.

Well doubt these regulatory bodies can do much anyway , considering these hyip sites just come and go without a trace , and cryptocurrency transactions is tedious to track too

 

[Razor1911]

Well doubt these regulatory bodies can do much anyway , considering these hyip sites just come and go without a trace , and cryptocurrency transactions is tedious to track too

It is not impossible to track them down. Such regulatory bodies will need to have access to all the countries so that they can crack those scam sites. It has become necessary for us to crack them down, as too many of them floating online these days.

 

[Wisdom01]

I can't even join a ponzi because i know they can't exist for long ,so why would i join the ponzi scheme platform , i dont want to get scammed even if they show me a proof

 

[LutherKing]

The telegram groups are full of such craps and the best way to protect yourself from such craps is to stay away from them , they are always crap and fraud to be honest in my opinion

 

[Wisdom01]

The telegram groups are full of such craps and the best way to protect yourself from such craps is to stay away from them , they are always crap and fraud to be honest in my opinion

They are mostly on telegram bots , because they know that you cant easily make research about them if the bots are scam and people would invest to cashout from the bot

 

[BusyCat]

Yes , this is the main thing that need to be addressed because people get fooled easily by looking at the fake payment proofs on telegram channels of these ponzi sites , actually its the admin of the site and the group of people working for the admin of the ponzi site , creates these fake payment proofs , so newbies to crypto , its time to be aware of all these scams going on.

 

[Niftyicon]

Yes , this is the main thing that need to be addressed because people get fooled easily by looking at the fake payment proofs on telegram channels of these ponzi sites , actually its the admin of the site and the group of people working for the admin of the ponzi site , creates these fake payment proofs , so newbies to crypto , its time to be aware of all these scams going on.

Indeed! People need to get more aware of these schemes and the fact that all they see on their platforms are just part of an organized crime.

 

[BusyCat]

Indeed! People need to get more aware of these schemes and the fact that all they see on their platforms are just part of an organized crime.

Yeah it was so funny to see some doubler site admin in telegram posting big fake payment proofs again and again in his telegram group which I joined by mistake.

 

[Razor1911]

Yeah it was so funny to see some doubler site admin in telegram posting big fake payment proofs again and again in his telegram group which I joined by mistake.

Search sites ask and you should be aware of this. I already found so many sites which double the money within short period. You can tell them scams even without looking at them.

 

[BusyCat]

Search sites ask and you should be aware of this. I already found so many sites which double the money within short period. You can tell them scams even without looking at them.

Exactly , the high minimum investment is alone enough to say they are a scam , if they are even doubling funds for real , why cant they double just $0.2 or less , the minimum investment in most of those doublers is like more than $100.

 

[SCAMEXPOSER]

Payment proofs should not be a big factor of consideration if you Wana Invest in Ponzi just believe that the risk is high so you could loose your money even if some got paid immediately you Invested.

 

[07Trinity]

In the cryptocurrency world there is a lot of Ponzi schemes where people invest in a site that has large rewards and the money from previous investors is used to pay off their investment. This gives the sense that the site is legitimate in paying out its members however this is just simply taking money from one person and giving it to another. By definition this is referred to as a Ponzi scheme. However many of these websites contain payment proofs which show the transaction in cryptocurrency where the person is being paid out. However we need to be very careful when it comes to these payment proof because this is generally fake and it is typically one person within the scheme sending it to another person running the scheme and therefore creating the illusion that there is actual payments taking place. Therefore I am floor all of the members here to be very careful when looking at a payment proof on your website and rather to use forums such as this one in order to gauge the personal use experience.

I almost fall victim to Ponzi scheme because of withdrawal challenges and using fake details to decieve the public,they will start as real but as time goes on they deviate.