Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: Munah on April 11, 2025, 01:24:25 PM
-
Cryptocurrency is entirely different from Ponzi Scheme, and it is painful that some beginners are still falling for the trick of 'paying $200 let me help you trade and you will make $20000 in a week' all these are lies from the pit of hell, i am just coming from Twitter to see how much Chinese ponzi scheme called Cbex stole from some people as they have allegedly closed down. These people told them to invest and they will help them to trade and be able to withdraw, some were able to withdraw, while some could no longer withdraw again. Please be careful out there if you can't trade by yourself don't trade at all.
-
Cryptocurrency is entirely different from Ponzi Scheme, and it is painful that some beginners are still falling for the trick of 'paying $200 let me help you trade and you will make $20000 in a week' all these are lies from the pit of hell, i am just coming from Twitter to see how much Chinese ponzi scheme called Cbex stole from some people as they have allegedly closed down. These people told them to invest and they will help them to trade and be able to withdraw, some were able to withdraw, while some could no longer withdraw again. Please be careful out there if you can't trade by yourself don't trade at all.
Similar scam schemes are being run on Telegram by some so-called crypto experts who lure newbies into their premium groups by showing them their profit screenshots and then asking them for money to join the premium and paid groups where they will get daily working signals and can make a bunch of money. The truth behind all that is that these are no experts but are only deceiving people for personal benefits.
Before paying such people and joining their paid groups, one should think, if a person should judge the market so accurately that they can help you earn so much money, why wouldn't they use those signals themselves and make millions of dollars themselves instead of asking you for $200 to join their channel? It's all a scam, but some people don't get it.
-
Cryptocurrencies may not be a ponzi scheme but it is kind of related because most coins and tokens are pump and dump schemes which is very similar to pyramidal scheme. Only few ones like bitcoin among them are good to be called an appreciative asset that is having store of value.
-
We can't argue that some people say Bitcoin is a ponzi scheme especially those who didn't know exactly what Bitcoin is or those who lack knowledge with crypto. I remember what my wife's uncle told me that Bitcoin is a ponzi scheme because of the reason that only those who invested early can make more money. You know that here in our place, when we say ponzi scheme it's a scam. In my opinion, they are right that those who invested early can make more money than those who late but it doesn't mean it's a ponzi scheme. You know, those who invested early are not always make more money than those who is late, why? Because they don't have the same time to sell. Some who invested early will sell early, and some of those invested late will hold for years. That's why it's not a ponzi scheme, considering that Bitcoin's security is very secured.
-
Cryptocurrency is entirely different from Ponzi Scheme, and it is painful that some beginners are still falling for the trick of 'paying $200 let me help you trade and you will make $20000 in a week' all these are lies from the pit of hell, i am just coming from Twitter to see how much Chinese ponzi scheme called Cbex stole from some people as they have allegedly closed down.
From the title cryptocurrency is not a ponzi scheme and will never but however there is no were anything like investment will take place will you not see people in a disguising form claiming they are the symbol of crypto investment returns, in other for people to see them as were they could be using to make profit on their investment. However for those who is investing money on others are making a terrible mistake, if someone cannot trade should just look for something else to do even if is business is better than having there money to be lost to trading scammers.
-
Cryptocurrency is entirely different from Ponzi Scheme, and it is painful that some beginners are still falling for the trick of 'paying $200 let me help you trade and you will make $20000 in a week' all these are lies from the pit of hell, i am just coming from Twitter to see how much Chinese ponzi scheme called Cbex stole from some people as they have allegedly closed down. These people told them to invest and they will help them to trade and be able to withdraw, some were able to withdraw, while some could no longer withdraw again. Please be careful out there if you can't trade by yourself don't trade at all.
Why would you want to make money from what you don't understand and not doing it yourself. That's greed because you want to reap from where you didn't sow from. A lot of scam are out there that targets people who love to be traders but are too lazy to learn and have the knowledge for them to improve and be a good trader. Stay away from trading if you don't want to learn and trade yourself.
-
Cryptocurrency is entirely different from Ponzi Scheme, and it is painful that some beginners are still falling for the trick of 'paying $200 let me help you trade and you will make $20000 in a week' all these are lies from the pit of hell, i am just coming from Twitter to see how much Chinese ponzi scheme called Cbex stole from some people as they have allegedly closed down. These people told them to invest and they will help them to trade and be able to withdraw, some were able to withdraw, while some could no longer withdraw again. Please be careful out there if you can't trade by yourself don't trade at all.
There's a lot of ponzi scheme project our there, the social media is the main place where scammers advertise their fake projects. The most people that fall in this kind of scam are the greedy set of people because they want to make quick money. It's better to learn how to trade by yourself than to pay someone to trade for you because even if they are legit, one day, they might run away with your money.
-
Cryptocurrency is entirely different from Ponzi Scheme, and it is painful that some beginners are still falling for the trick of 'paying $200 let me help you trade and you will make $20000 in a week' all these are lies from the pit of hell, i am just coming from Twitter to see how much Chinese ponzi scheme called Cbex stole from some people as they have allegedly closed down. These people told them to invest and they will help them to trade and be able to withdraw, some were able to withdraw, while some could no longer withdraw again. Please be careful out there if you can't trade by yourself don't trade at all.
Cryptocurrency is not a Ponzi scheme because the definition of Ponzi scheme is that the early users make a profit only while the last ones lose their money because the project runs away. The meaning is true for some crypto projects but not for all.
We should not trust these centralized exchanges which have no reputation, buy crypto and hold it in some wallet with key in your hand. If you want to trust exchanges for trading then choose trusted and reputable exchanges only.
-
Cryptocurrency is entirely different from Ponzi Scheme, and it is painful that some beginners are still falling for the trick of 'paying $200 let me help you trade and you will make $20000 in a week' all these are lies from the pit of hell, i am just coming from Twitter to see how much Chinese ponzi scheme called Cbex stole from some people as they have allegedly closed down. These people told them to invest and they will help them to trade and be able to withdraw, some were able to withdraw, while some could no longer withdraw again. Please be careful out there if you can't trade by yourself don't trade at all.
Well don't be too sure because it can actually be on some cases. Cryptocurrency covers a wide range of different coins and some of them are most certainly ponzi scheme and we could take for example the trump and his wife coin project that launch where lots of promise about the coin pump was made of which actually pumped high for some time and in the later turn dumped as quickly as it pumped.
-
Lets stop acting like punt and go by the reality of what is at place, by now i don't expect people to be asking such related question anymore on whether crypto is a scam or ponzi scheme, this is something that have been in existence over a decade now and we still have people not believing in what it stand to provide and know the difference from crypto to digital fiat or any other currency appearing in digital form like bitcoin, its a shame for someone asking if crypto is a ponzi scheme.
-
Cryptocurrency is entirely different from Ponzi Scheme, and it is painful that some beginners are still falling for the trick of 'paying $200 let me help you trade and you will make $20000 in a week' all these are lies from the pit of hell, i am just coming from Twitter to see how much Chinese ponzi scheme called Cbex stole from some people as they have allegedly closed down. These people told them to invest and they will help them to trade and be able to withdraw, some were able to withdraw, while some could no longer withdraw again. Please be careful out there if you can't trade by yourself don't trade at all.
I feel bad for those people that becomes a victim of that kind of trick. They think that it's easy to trade crypto and they can just let someone do the maneuver for them. But this is not how it goes for the crypto market because if they want to earn from it, they have to earn it first. Earn it through learning and letting things known to them because they're the ones that are taking the risk and not just someone who can do it for them.
-
Read the post OP, and I would say that there really are investors who are thinking about quick profits, and with less effort as well. I hate to say it, but these investors are too lazy to learn themselves on how to trade. They deserved to get scammed so that they if they want to trade, they will realize that they need to work hard for it.
Re: Is cryptocurrrency a ponzi scheme?
Cryptocurrency can be used as a tool to initiate a ponzi scheme or any kind of scamming attempts. This is why we need to learn how to prevent getting scammed first before investing our money. Getting scammed once can be acceptable because you might not know how to determine which are scams and which are not, but getting scammed twice or thrice then there's a problem with you already.
-
Beginners often fall victim to such scams due to their limited knowledge, trust in the advertisers, despair, and belief that cryptocurrencies are a quick way to make money. However, this doesn't mean that the problem lies with cryptocurrencies, but rather with how to promote them properly.
-
~snip~
i am just coming from Twitter to see how much Chinese ponzi scheme called Cbex stole from some people as they have allegedly closed down.
~snip~
If you make such a statement, it would be nice to provide a valid reference link so that I can check the related source. Although I believe in your statement, some members sometimes do not believe it and need valid evidence to match the case.
Referring to this lure as you said with a capital of 200 dollars and becoming 20,000 dollars in one week, it has been proven to be a scam. How can a business with a capital of 200 dollars get a multiple of thousands in a matter of days, this is very unreasonable.
It is better if there is odd information like that about crypto, then it is better to avoid it because it is for the safety of our money, it is better to find a definite job in this world.
-
There's a lot of ponzi scheme project our there, the social media is the main place where scammers advertise their fake projects. The most people that fall in this kind of scam are the greedy set of people because they want to make quick money. It's better to learn how to trade by yourself than to pay someone to trade for you because even if they are legit, one day, they might run away with your money.
Social media is really a marketing ground for them, however this days the ones I'm seeing a lot on the media is gambling scammers, they use a name of any site they want and start playing and wining in other words trying to make people thinking that they can become a million within week of playing and they will mute message to avoid blowing their cover. So actually that's how they also do in crypto, is because of all this things must people has abandoned their social media accounts because they cannot be on the atmosphere of scammers.
-
Crypto is not a Ponzi scheme, but that does not, however, rule out the fact that there are lots of scam projects disguising themselves as genuine coins, where many crypto enthusiasts (especially newbies) have become victims by investing in those scams.
Mostly, people fall victim to these scams due to greed, ignorance, and lack of knowledge. There are good and genuine cryptocurrencies out there, a simple research will open the eyes of prospective investors to the right coins
-
There are a lot of cryptocurrencies that are ponzi schemes and scams, just take a good look at all the memecoins in the market, a large part of them are useless scams and if you buy them you are sure to lose your money. However, BTC is not a ponzi scheme and that is very obvious for everyone to see.
-
Cryptocurrency is entirely different from Ponzi Scheme, and it is painful that some beginners are still falling for the trick of 'paying $200 let me help you trade and you will make $20000 in a week' all these are lies from the pit of hell, i am just coming from Twitter to see how much Chinese ponzi scheme called Cbex stole from some people as they have allegedly closed down. These people told them to invest and they will help them to trade and be able to withdraw, some were able to withdraw, while some could no longer withdraw again. Please be careful out there if you can't trade by yourself don't trade at all.
Those that are able to withdraw are their accomplices if not they are also it. If they are intending to scam through these projects, they'd scam them out and they are all fooling these people. Many are new to the crypto market and that's what they are capitalizing about. Those that are new to it are likely getting scammed but if you have been here for a while, you'll never be scammed if you're aware of most of the things that you know about them.
-
Cryptocurrency is entirely different from Ponzi Scheme, and it is painful that some beginners are still falling for the trick of 'paying $200 let me help you trade and you will make $20000 in a week' all these are lies from the pit of hell, i am just coming from Twitter to see how much Chinese ponzi scheme called Cbex stole from some people as they have allegedly closed down. These people told them to invest and they will help them to trade and be able to withdraw, some were able to withdraw, while some could no longer withdraw again. Please be careful out there if you can't trade by yourself don't trade at all.
When you give your money out to some kind of people to help you and trade, just know that it is your responsibility to take in the losses that will be incur from there. Giving your money out to trade for you is just like giving it out to gamble because the likelihood of you getting the money back is very low. Every scheme that comes up like this are usually keeping in touch with their people and make the first set of people to get to withdraw their money in full and not look like scam. When they’ve gain the trust of more people, they’ll then run away with the money and close down. The trading market is not something easy and you can’t win 100% of the time you trade, so basically everything is all risk.
-
By its pure definition of a cryptocurrency, it will never be a Ponzi scheme but there is no question that there are many programs who are just using cryptocurrency and even fake cryptocurrency (like the famous OneCoin scam) on their programs which can later on turn out to be outright scams and failures. And they are appealing to human greed since the returns can be so good but since they are not sustainable they will surely go down like a balloon losing air in the middle of the field. Now, am sure many of us are even victims of these scams and we already learned the lessons: NEVER ever trust anybody in this industry that will give you a very attractive income by just giving your hard-earned money to them.
-
Cryptocurrency is entirely different from Ponzi Scheme, and it is painful that some beginners are still falling for the trick of 'paying $200 let me help you trade and you will make $20000 in a week' all these are lies from the pit of hell, i am just coming from Twitter to see how much Chinese ponzi scheme called Cbex stole from some people as they have allegedly closed down. These people told them to invest and they will help them to trade and be able to withdraw, some were able to withdraw, while some could no longer withdraw again. Please be careful out there if you can't trade by yourself don't trade at all.
Every Ponzi scheme goes with the same principles or pattern of operation. When they start up, some even go as far as making advertisement to attract more participants, most times, they will add up a referral program, and add bonus, all these will work well at the start, when they have gotten more registrants, to disappear, they will start with website upgrade as the first excuse and all withdrawals will be paused, but deposits will still be made open and functional (which do make me ask, is the deposit part not part of the site upgrade?) and at the end of it all, the site is no longer found.
At the first launch of the site/scheme, the first intakes are those who makes profits from it, those who register later on becomes the scape goat. In my area, we do call it Rob Peter and Pay Paul.
-
Those that are able to withdraw are their accomplices if not they are also it. If they are intending to scam through these projects, they'd scam them out and they are all fooling these people. Many are new to the crypto market and that's what they are capitalizing about. Those that are new to it are likely getting scammed but if you have been here for a while, you'll never be scammed if you're aware of most of the things that you know about them.
Judging from the perspective of people who also has similar experience not all the people who withdraw from them might be one of them because it could be something the scammers plans to be functional for some period to gain people's trust and after having the traffic on the platform they decided to scam people but those who might withdraw their money before then are the ones who gets Lucky because they have withdrawn their money from it, funny enough something that's realistic is hard to see people investing as they did on something that might result to Ponzi.
-
Cryptocurrency is entirely different from Ponzi Scheme, and it is painful that some beginners are still falling for the trick of 'paying $200 let me help you trade and you will make $20000 in a week' all these are lies from the pit of hell, i am just coming from Twitter to see how much Chinese ponzi scheme called Cbex stole from some people as they have allegedly closed down. These people told them to invest and they will help them to trade and be able to withdraw, some were able to withdraw, while some could no longer withdraw again. Please be careful out there if you can't trade by yourself don't trade at all.
Well, I'll chime in on this topic with my understanding, aiming to provide a simple and clear perspective.
Crypto is just a financial tool, it's not related to the nature of any model. Crypto isn't inherently good or bad, the outcome just depends on people.
Crypto has a lot of utilities in cross-border money transfers, value storage, data storage, resource sharing... but it can also be misused in fraudulent schemes like Ponzi.
Don't forget MLM projects like Bitconnect back in 2017; it was a typical Ponzi scheme. Don't forget rug-pulls in the memecoins trend. Don't confuse a financial tool with financial models ^^
-
-snip-
Don't forget MLM projects like Bitconnect back in 2017; it was a typical Ponzi scheme. Don't forget rug-pulls in the memecoins trend. Don't confuse a financial tool with financial models ^^
The most remembered MLM of all time in crypto and many victims lost their money on Bitconnect.
It is indeed only a Project that utilizes crypto as a financial tool that is used to reach more users who are in crypto, so it is not the crypto that is wrong but the project that is created, Crypto is just a tool or platform that is used. But for the layman will just say that crypto is wrong and let the project grow, All can create a crypto project easily but will not guarantee anything.
-
NEVER ever trust anybody in this industry that will give you a very attractive income by just giving your hard-earned money to them.
Anything that is too good to be true is most probably a scam. There is a reason why people keep investing in memecoins, even when they know how high the chances of them being scammed is, it is because they believe they can be lucky and one memecoin will make them rich, lol. It is better to buy a coin with utility, than to buy a shitcoin and be hoping on luck that may never come.
-
Then why do you say "cryptocurrency is ponzi" when in the context you are talking about "some Chinese people use crypto to cheat with ponzi schemes", WTF, the title is very inappropriate for the topic...
And you need to know what ponzi really is, I quote from google gemini...
A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.
yes the point is that early investors get profits from the arrival of new investors, and that is not related to the context you are talking about.... so actually, do you know clearly, what is ponzi?
However, some people also consider crytpo as ponzi... yes, some people think that those who come to cryptocurrency first will get bigger profits than those who come late... it's almost the same as ponzi, right.... more simply, Bitcoin owners in 2013 will get bigger profits than investors who come in 2023.... yes, but there is no looting there, maybe those who consider this ponzi are seeing it from a strange perspective too...
-
Cryptocurrency is entirely different from Ponzi Scheme, and it is painful that some beginners are still falling for the trick of 'paying $200 let me help you trade and you will make $20000 in a week' all these are lies from the pit of hell, i am just coming from Twitter to see how much Chinese ponzi scheme called Cbex stole from some people as they have allegedly closed down. These people told them to invest and they will help them to trade and be able to withdraw, some were able to withdraw, while some could no longer withdraw again. Please be careful out there if you can't trade by yourself don't trade at all.
Did you hear about Treasure NFT and other similar projects that promised 100% profits and even gave profits for some time, but now they are delaying withdrawals? But in the end, we all know how these Ponzi schemes work, they will fly away with people's money.
We should keep ourselves safe from these online scams. Anything that is too good to be true on the internet, don't believe it. If you are an expert, then maybe give it some try, but with proper precautions otherwise, don't even think about them.
-
Cryptocurrency is entirely different from Ponzi Scheme, and it is painful that some beginners are still falling for the trick of 'paying $200 let me help you trade and you will make $20000 in a week' all these are lies from the pit of hell, i am just coming from Twitter to see how much Chinese ponzi scheme called Cbex stole from some people as they have allegedly closed down. These people told them to invest and they will help them to trade and be able to withdraw, some were able to withdraw, while some could no longer withdraw again. Please be careful out there if you can't trade by yourself don't trade at all.
Did you hear about Treasure NFT and other similar projects that promised 100% profits and even gave profits for some time, but now they are delaying withdrawals? But in the end, we all know how these Ponzi schemes work, they will fly away with people's money.
We should keep ourselves safe from these online scams. Anything that is too good to be true on the internet, don't believe it. If you are an expert, then maybe give it some try, but with proper precautions otherwise, don't even think about them.
I feel for those who fell victim to the Ponzi schemes. Only if people can make thorough verification of these projects before investing, then the victims won’t be much. But most people have allowed themselves to be blinded by greed.
I actually didn’t hear about Treasure NFT, but whenever a project promises 100% ROI, it’s a red flag to me.
-
Those that are able to withdraw are their accomplices if not they are also it. If they are intending to scam through these projects, they'd scam them out and they are all fooling these people. Many are new to the crypto market and that's what they are capitalizing about. Those that are new to it are likely getting scammed but if you have been here for a while, you'll never be scammed if you're aware of most of the things that you know about them.
Judging from the perspective of people who also has similar experience not all the people who withdraw from them might be one of them because it could be something the scammers plans to be functional for some period to gain people's trust and after having the traffic on the platform they decided to scam people but those who might withdraw their money before then are the ones who gets Lucky because they have withdrawn their money from it, funny enough something that's realistic is hard to see people investing as they did on something that might result to Ponzi.
Yes, that is a big possibility that it is part of the plan. To make others withdraw and these others are legitimate people so that they can have some people that will back them up proving that they're a legitimate platform and they've paid several payouts to their people. It's a kind of tactic and strategy to make the reviewers and watchers believe that they're genuine and not gonna scam. But it's a way to trick people.
-
Why would you call the entire cryptocurrency a Ponzi scheme? Of course, there are many people who use crypto to defraud with Ponzi schemes but we can easily identify them. For example the misuse of an Initial coin offering or ICO is one method that is characterized by a Ponzi scheme. In this type of scam, the investor loses all of his money and there is little chance of recovering the money. A common exception is the pump and dump scheme, which is very similar to a Ponzi scheme. Also, Ponzi schemes which ultimately end with the operator fleeing come into the market only to steal investors funds and defraud them.
-
Why would you call the entire cryptocurrency a Ponzi scheme?
that is what's the problem with most people they tend to generalize crypto into just one assumption just because they have encountered one crypto project that has some similar properties to a ponzi scheme they immediately think every crypto project is one and i have heard this from newbies or just those who are not overly familiar with crypto
Of course, there are many people who use crypto to defraud with Ponzi schemes but we can easily identify them. For example the misuse of an Initial coin offering or ICO is one method that is characterized by a Ponzi scheme.
the main difference between cryptocurrencies and ponzi schemes is that ponzi can collapse all of a sudden because the early investors have already benefitted from the late investors and now can pull out of it any time they want this is only possible in a crypto project if most of the allocations are in the hands on the dev team or owners
-
I feel for those who fell victim to the Ponzi schemes. Only if people can make thorough verification of these projects before investing, then the victims won’t be much. But most people have allowed themselves to be blinded by greed.
I actually didn’t hear about Treasure NFT, but whenever a project promises 100% ROI, it’s a red flag to me.
It was a big scam that targeted the citizens of Pakistan, India, Bangladesh etc. They had some packages started from 100$ and people could earn 2 to 5 dollars a day and at start or for at least 6 months they gave withdrawals to everyone.
People made hell lot of money, in the last they started to give offers like with one more paid referrals they could give good profit so people started to make new referrals, at the end they ran away. Point is even if we could guide them about this, as I guided as many people in my radius as I can, they did not listened to me, they only saw that people are getting withdrawals so we could also.
-
Seeing how the Meme token that has been around on cypto works, I think it's more appropriate to say that it falls into the Ponzi Scam category because I see those who are the first to know about the Meme token, usually when it's pumped, they will sell it as soon as possible.
Then those who are left behind to buy the Meme token end up missing out on making a profit which ends up only getting trash tokens, isn't that how the Ponzi Scam works where the one who ends up losing?
This cryptocurrency is very broad and has many types so I also have a different interpretation because Bitcoin and Ethereum are also included in the cryptocurrency category but I'm sure that Bitcoin and Ethereum are not Ponzi Scams.
-
~
There are some clear indications of Ponzi schemes; one is majorly the need for you to bring in more persons to join the pyramid. There is no demand for that in crypto because you can invest in crypto without bringing anyone and still profit from your investment.
-
Bitcoin doublers were too old for anyone fall, I mean when twitter accounts of people like Elon, Bill Gates then people had a reason to fall for it but random chinese platform claims 10x in months and if someone falling then it's no one but themselves to be blamed.
Crypto itself an asset, own it, hold it and sell it that's enough to make profits.