Stay away from crypto ponzis!

[Findingnemo]

Whenever the market is being bullish you can see lot of investment schemes to invest your cryptos which claims to provide unrealistic returns.

Crypto itself and investment and 99.9% of the time when someone ask you invest money like send money to an address and you will get 10% everyday or there are extreme cases who convince you that you will double the money you send instantly are obvious scams.

I am creating this thread after seeing an Instagram post that claimed exactly what I said above. Please be aware and stay away from scammers.

[robelneo]

I am creating this thread after seeing an Instagram post that claimed exactly what I said above. Please be aware and stay away from scammers.

It's not only Cryptocurrency Ponzi but anything that has the model of the Ponzi Scheme whether in Crypto or fiat, nobody should invest in a Ponzi scheme it has been proven that in a Ponzi scheme, only the admin and the early birds are the ones to make money it's sustainability depends on the flow of money coming in.

Once there is no money coming in anymore the admin will run away with all the money, there is no business model for a Ponzi scheme so its better to stay on a platform that is similar to a Ponzi scheme.

[Aanuoluwatofunmi]

Whenever the market is being bullish you can see lot of investment schemes to invest your cryptos which claims to provide unrealistic returns.

Crypto itself and investment and 99.9% of the time when someone ask you invest money like send money to an address and you will get 10% everyday or there are extreme cases who convince you that you will double the money you send instantly are obvious scams.

I am creating this thread after seeing an Instagram post that claimed exactly what I said above. Please be aware and stay away from scammers.

Most of the people being scammed allowed for such when they express their greediness towards an offer because of high pay involved, we cannot deceive ourself on what is not it and expect it to become it, anything that looks too real to be true should not take chance on us and we should as well avoid making haste decision without making research at first with gambling, this is how we should expect for such.

[Findingnemo]

It's not only Cryptocurrency Ponzi but anything that has the model of the Ponzi Scheme whether in Crypto or fiat, nobody should invest in a Ponzi scheme it has been proven that in a Ponzi scheme, only the admin and the early birds are the ones to make money it's sustainability depends on the flow of money coming in.

Even though it's very old method still the number of people falling for ponzi scams are quite high, if there is no scope for this scammers then why would they agressively promoting their ads in this time.

What surprises me is that some people who got scammed in a similar way is trusting again and again to invest their money. This is result of greediness for sure but how the government can let these scammers to operate with complete freedom in most part of the world.

[Lucius]

Unfortunately, too many people do not know what a Ponzi scheme is, and even fewer understand what cryptocurrencies actually are, which means that scammers have a very easy task. When we look at all the news about failed projects, fake exchanges, phishing and everything else that scammers use, it is clear that it is a very profitable business that succeeds precisely because there are a huge number of people who simply do not know what they are doing.

As long as such things are not taught in schools, unfortunately there will be no changes in society - and a successful scam always requires a scammer and a naive victim - when (if) there are no more such people, then neither scammers will be active anymore.

[KingsDen]

Whenever the market is being bullish you can see lot of investment schemes to invest your cryptos which claims to provide unrealistic returns.

Crypto itself and investment and 99.9% of the time when someone ask you invest money like send money to an address and you will get 10% everyday or there are extreme cases who convince you that you will double the money you send instantly are obvious scams.

I am creating this thread after seeing an Instagram post that claimed exactly what I said above. Please be aware and stay away from scammers.

The scam of bring one and collect two has been in existence for a very long time even outside the cryptocurrency industry. But I am surprised that people are still falling for such kind of well-known scam. Robbing Peter to pay Paul is the basics of Ponzi. But one funny thing is that some people will know that what they are into is Ponzi scheme, yet they would want to continue because they are early adopters and as they will say they will cash out before the system will crash. Ponzi is not a good system to adopt.

Now that bull run is by the corner, many Ponzi schemes will spring up to rob people their hard earned coins since bear market.

[Gurujebs]

I am creating this thread after seeing an Instagram post that claimed exactly what I said above. Please be aware and stay away from scammers.

You just remind of the days I started crypto and when I know nothing about this crypto of a thing but I have been hearing of Bitcoin and some top 10 coins how people make money from them and because I personalize my Google information, they give me ads based on what I search, so I do see a lot of guys post about crypto and how they make money from crypto investment, you see them with flashy cars, expensive Bugatti and Ferrari and it obvious to me that these pictures and profits that are been posted is too good to be real. I later did my research and they are bunch of scammers. We have many of them pretending to be successful investors and crypto firms.

[Jamal Aezaz]

During bull season many creators create their projects with the hope that bull season will move their projects to a higher level but most of the creators just want to earn money with the help of their scam projects.

Some people get trapped in scam projects due to hope of getting rich quickly. The better way to avoid these scams is during the bull season we have to invest only in top or previously proved successful projects and if we get involved in Ponzi scheme then it will be our big mistake which will lead to big loss.

[SamReomo]

There are so many Ponzi schemes and there have been so many Ponzi schemes in crypto world. The amount of Ponzi schemes increase during the bull run because it's the bull run's time when everyone talks about crypto and gets interested in it.

Only awareness can save us from such Ponzi schemes because the ones who create such schemes only target those investors who aren't aware about such schemes and without proper awareness one can never spot that something is fishy.

[0t3p0t]

I think airdrops are much better in comparison to these kind of ponzi schemes though airdrops are not guaranteed profitable but atleast we don't waste our money. Sad to say there are still a lot of people who fell in this kind of investments nowadays, I just don't know why they are not getting the lessons from the past mistakes I think once is enough. 😅

[UNIVERSE]

Stay away from crypto ponzis!

Exactly, watch out of this kind of ponzi scheme. Because of that, there will definitely be, and there will definitely be lots of them popping up wrapped in various concepts, both old and new, both with old and new trends. especially now, there is still a lot of popularity regarding meme coins and AI projects, it seems like maybe it won't be far from that. Unless there are other trends that emerging.

Whenever the market is being bullish you can see lot of investment schemes to invest your cryptos which claims to provide unrealistic returns.

I'm always thinking about new people getting involved in the crypto space. Usually, they are the ones who will become victims, indeed not all of them, but most of the victims are beginners. Moreover, those who are quite greedy, not alert, and who expect instant high profits, are very easily deceived by all these Ponzi schemes. However, from year to year, there will still be many people who become victims. Even though we are increasingly promoting education regarding the dangers of crypto ponzi, it seems meaningless.

[debra]

It is just for new altcoins got from new projects. If we don't want to join Ponzi, we just stay away from the new altcoins. Old top coins are the best choice if we want to avoid Ponzi, Ethereum is the most ideal altcoin besides Bitcoin. If we just focus on investing in BTC and ETH, there is no way to get Ponzi. Even, there are many people who only focus on Bitcoin investment because they don't believe in altcoins due to too many Ponzi cases.

[bayu7adi]

We have to be wary of very easy investment schemes, because we all know that getting money itself is not easy. Ponzi is still very popular today, and their targets are people with low knowledge so that it is easy for victims to do whatever the perpetrator of the Ponzi fraud says.

In essence, don't easily believe promises made by someone regarding the ease of getting money with little risk. It could be indicated as a scam.

As a form of cryptocurrency friendship with newbies and professionals, it's a good idea to remind everyone who is often the target of fraud. We help them with brief education so that they don't fall into the trap of fraudsters.

[TomPluz]

We should always remember that when a program is offering skyrocketing ROI then it can possibly just be another scam. Right now, I am always reading many DMs in Twitter or X telling me to invest on this and that but I am already so sure they are just scams and once you got into their trap you will certainly be losing the money you supposedly invested, When something can be too good to be true then we should start to doubt. Scammers are working hard and double time these days when cryptocurrency is already being talked in the mainstream media and new people are coming in everyday. The big problem is really the lack of education so that newbies can be easily swayed in an appeal for their greed. Ponzi schemes have been here for so many years and yet there are still people who became willing victim and it is all because we are thinking of what we can get without realizing what we can lost. Aside from Ponzi type of scams, there are also many forms of frauds happening everyday in the market and one thing for sure these people can be so creative in their traps so we should be aware of them and should share them to our friends so they won't be victimized by these evil people.

[Husires]

If you are greedy, no matter how smart and careful you are, scammers will find a way to deceive you, so stop being greedy and learn to research and ask before you invest.