Stay away from crypto ponzis!

[UNIVERSE]

I just don't understand why people think they will suddenly get rich after they have *just* gotten into crypto. It's pretty weird the more you think about it. Because it's like they see all these people who have made a bunch of money on shitcoins, but there is no guarantee or any sort of possibility that it will happen for them.

Most people are influenced by the story of successful people in crypto investment. They think it will be easy to succeed in crypto because it looks not really difficult to buy and hold crypto coins. They don't know if crypto market doesn't always in good condition, sometimes it turns to be red market. People who don't have enough knowledge about crypto, they can panic and sell for losses.

Some people are scammed by shit projects. The projects offer sweet promises, but it disappears at the end of the day. Newbies are the most victims of the shit projects.

People really are gullible, aren't they.

Those people are easy to be deceived because they have lack of knowledge. They are lazy to do research and analysis, too.

[milewilda]

Apart from staying away from this kind of Ponzi scheme, it's also advisable to stay away from websites or people asking you to pay to learn how to make thousands of dollars daily. If they are earning such amounts, they wouldn't ask you to bring money to earn that amount.

Well, I've seen these kind of content on social medias or streaming sites but I am not gonna fall for it because aside from being not able to afford it, I am just looking for something that works for me just like in trading a lot of people offers online courses that has been uploaded many times on the internet we just need to find it and modify it based on our own understanding. If it works in our trial and error and it makes us profitable then that's a good one and I don't think you are gonna sell it maybe you will just literally use it and achieve financial freedom from it. No need to fall for something that only works for other people as it may not work for us.

And t hat would really be just that a common sense but surprisingly there are really that people whom do really believe that what works on other people would definitely works on them at the moment that they would be following or using them. Just like on what i have said that it would really be that too impossible for you not to be able to distinguish on whats a real thing and whats something which is really that too good to be true. If something that pertains about having that easy money then better think twice or something that directly avoid because there's no such thing on this world would really be that talking about easy money.

[pieppiep]

Apart from staying away from this kind of Ponzi scheme, it's also advisable to stay away from websites or people asking you to pay to learn how to make thousands of dollars daily. If they are earning such amounts, they wouldn't ask you to bring money to earn that amount.

Well, I've seen these kind of content on social medias or streaming sites but I am not gonna fall for it because aside from being not able to afford it, I am just looking for something that works for me just like in trading a lot of people offers online courses that has been uploaded many times on the internet we just need to find it and modify it based on our own understanding. If it works in our trial and error and it makes us profitable then that's a good one and I don't think you are gonna sell it maybe you will just literally use it and achieve financial freedom from it. No need to fall for something that only works for other people as it may not work for us.

Sometimes a ponzi scheme will only provide profits at the beginning, after we make more deposits the profits we should get will decrease. Many Ponzi cases have been modified so they don't look like Ponzi. A few days ago in the Telegram application there was a project that had a blockchain in SUI and it was being hyped. Many users were affected and in the end they were trapped and the capital they spent could not be returned.

[Jamal Aezaz]

Most people who end up being deceived are people who are getting to know crypto for the first time, they don't have much knowledge, so they are easily tempted by something they find interesting, and that is definitely related to money.

I think that is a normal thing, it can be a lesson for them to be more careful. Actually, things like this can make them better for the future, because it can make them more careful in doing things.

That's why knowledge is the most important thing without which success is not possible therefore try to learn well and if your learning power is increased then you will not end your successful journey due to little mistakes.

Taking lessons is also important and if someone doesn't focus on their mistakes then they will not learn to make them accurate and the number of their mistakes will increase day by day and eventually they will be tired of doing the same thing in which they are experiencing just loss.

[ajiz138]

They think making a profit from crypto is easy, and they think all coins are the same, so they will easily be tempted, and as you said, they also have greed and want to make a quick profit.

and there will be 2 people who are born after they have been deceived, the first one they will want to learn to know about crypto completely, and there are people who finally give up and they will even think it's all the same (crypto is a fraud).

I just don't understand why people think they will suddenly get rich after they have *just* gotten into crypto. It's pretty weird the more you think about it. Because it's like they see all these people who have made a bunch of money on shitcoins, but there is no guarantee or any sort of possibility that it will happen for them.

People really are gullible, aren't they.

They saw people who were first in the crypto space who were able to be financially successful, so they concluded that being in the crypto space would make it easy for them to get huge profits.

Even though they don't know what someone went through until they finally became financially successful. They only see the results, but they don't see what efforts the other person put in at the start. This is a thinking error that allows them to think like that.

[Aanuoluwatofunmi]

Crypto ponzis are nothing than shitcoins, and how do we get to recognized them when we see one, they will be making offers that are too convincing to be true, they will make it fast and as short as possible to set their target and attack within that short period of time, we should not be also greedy in receiving offers that are coming from unreliable source without taking our personal research on them on how true could they be. 

[Hamza2424]

There are some good posts and some random comments, but I cant see any tips to identify the Pozi projects in the crypto market and how to avoid them, let me put something good in it haha from my end. It's a mix of tips to avoid and check about Ponzi projects.

✔️ Basic and what everyone can do is check the social media reputation and collaborations of the project.
✔️ Be Skeptical about the Guarantees on your investment and social media marketing features of the project.
✔️ Analyze and regularly check the product or service status of the project.
✔️ Check Liquidity and volume in the project.
✔️ Check the most relevant famous projects and make a comparison between them it will let you know how authentic the service or product is.
✔️ Don't fall by the recommendation of the Youtube influences.
✔️ keep an eye on the Whitepaper, Roadmap, and Tokenomics 50% of the chances to detect fishy things here.

[taufik123]

Crypto ponzis are nothing than shitcoins, and how do we get to recognized them when we see one, they will be making offers that are too convincing to be true, they will make it fast and as short as possible to set their target and attack within that short period of time, we should not be also greedy in receiving offers that are coming from unreliable source without taking our personal research on them on how true could they be.

Never interested in an offer that was initially promised with huge profits and does not make sense.
There have been many past projects that used ponzi systems that I have missed, even my close friends have also offered ponzi projects.

If you are familiar with and understand how the ponzi system works, then it is quite easy to find out.
But if it is for beginners and trying to find a side job, then they will be a good target for a ponzi partner and they don't understand what a ponzi is. Education about ponzi is necessary

[Vx1]

This Crypto Ponzi usually targets beginners in Cryptocurreny, people who are new to cryptocurrencies will be easily seduced by the promise of large rewards or profits by depositing a number of assets with them. 
This is very dangerous, if we knew we might be able to provide education to these people, but usually they are difficult to tell. 
This Ponzi scheme in Cryptocurreny is really misleading, and this can make the image of cryptocurreny in society bad.

[Gurujebs]

This Crypto Ponzi usually targets beginners in Cryptocurreny, people who are new to cryptocurrencies will be easily seduced by the promise of large rewards or profits by depositing a number of assets with them. 
This is very dangerous, if we knew we might be able to provide education to these people, but usually they are difficult to tell. 
This Ponzi scheme in Cryptocurreny is really misleading, and this can make the image of cryptocurreny in society bad.

They target the beginners because that's the fastest way to get money from them, beginners are always vulnerable than the old investors but that doesn't mean that even the old investors can't be scam, it's all about how security conscious a person is in the crypto world he can avoid a scam because I see even content creators who warn about scams are sometimes unguarded.

The only way to protect yourself about ponzi scams is to always avoid greed and know what is happening in the crypto space, that's the only way you can avoid scams and anything associated with ponzi

[Mr. Magkaisa]

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.

        -   As far as I know, the Ponzi scheme is not only used in cryptocurrency; as long as the scammers can get a lot of money, they will attach the Ponzi system there. But I just noticed that the Ponzi scheme is not that rampant anymore; it seems that it has decreased somehow.

For those who are aware of the Ponzi scheme, they will not be victims of it for sure, but for those who do not know about the movement of such schemes, they should be careful and not be shy to ask questions or do not hesitate to learn about this system.

[Vx1]

This Crypto Ponzi usually targets beginners in Cryptocurreny, people who are new to cryptocurrencies will be easily seduced by the promise of large rewards or profits by depositing a number of assets with them. 
This is very dangerous, if we knew we might be able to provide education to these people, but usually they are difficult to tell. 
This Ponzi scheme in Cryptocurreny is really misleading, and this can make the image of cryptocurreny in society bad.

They target the beginners because that's the fastest way to get money from them, beginners are always vulnerable than the old investors but that doesn't mean that even the old investors can't be scam, it's all about how security conscious a person is in the crypto world he can avoid a scam because I see even content creators who warn about scams are sometimes unguarded.

The only way to protect yourself about ponzi scams is to always avoid greed and know what is happening in the crypto space, that's the only way you can avoid scams and anything associated with ponzi

To be honest, I was involved in a Ponzi Scheme under the guise of Cryptocurrency, at first I was curious about how they would look for victims. I entered with not too much capital, only around $30. However, I was surprised when I was invited to enter their community, it turned out that many people had deposited large amounts. 
I'm trying to educate some people, because I understand very well that this is a scam. I managed to educate only a few people, others completely ignored me. 
Not a few even laughed at me, but in the end it wasn't long before the Ponzi Scheme ended up being a SCAM and taking away the assets of the people who had been trapped in it.

[UNIVERSE]

This Crypto Ponzi usually targets beginners in Cryptocurreny, people who are new to cryptocurrencies will be easily seduced by the promise of large rewards or profits by depositing a number of assets with them. 
This is very dangerous, if we knew we might be able to provide education to these people, but usually they are difficult to tell.

Of course, they know the beginners have lack experience and knowledge. So it will be easier to scam the beginners with that condition. It will be different when they are trying to scam experienced people. The experienced people know it because they already learn about scammer ways. And there are already many cases of scams, too. But beginners may not know it, they even just know crypto.

We can start from this forum, we can give the information to new members here. If they look to join scam projects, we can tell them to be careful on the projects.

This Ponzi scheme in Cryptocurreny is really misleading, and this can make the image of cryptocurreny in society bad.

It is not only misleading but it stole people's money. There are already many people who lost their money because of Ponzi scheme. Sure, it makes a bad image to crypto world. But we have no ability to stop this Ponzi because it is spreading around the world.

[pieppiep]

They think making a profit from crypto is easy, and they think all coins are the same, so they will easily be tempted, and as you said, they also have greed and want to make a quick profit.

and there will be 2 people who are born after they have been deceived, the first one they will want to learn to know about crypto completely, and there are people who finally give up and they will even think it's all the same (crypto is a fraud).

I just don't understand why people think they will suddenly get rich after they have *just* gotten into crypto. It's pretty weird the more you think about it. Because it's like they see all these people who have made a bunch of money on shitcoins, but there is no guarantee or any sort of possibility that it will happen for them.

People really are gullible, aren't they.

They saw people who were first in the crypto space who were able to be financially successful, so they concluded that being in the crypto space would make it easy for them to get huge profits.

Even though they don't know what someone went through until they finally became financially successful. They only see the results, but they don't see what efforts the other person put in at the start. This is a thinking error that allows them to think like that.

Yeah they only see the profits they have obtained without seeing how many failures they have experienced before becoming very rich people from Cryptocurrency. As far as I know in Cryptocurrency, not many people immediately succeed in becoming rich. Keep trying your best and seeing people who have succeeded in getting rich from Cryptocurrency is an encouragement so that we can become one of the rich people from Cryptocurrency.

[Jomisa]

They think making a profit from crypto is easy, and they think all coins are the same, so they will easily be tempted, and as you said, they also have greed and want to make a quick profit.

and there will be 2 people who are born after they have been deceived, the first one they will want to learn to know about crypto completely, and there are people who finally give up and they will even think it's all the same (crypto is a fraud).

I just don't understand why people think they will suddenly get rich after they have *just* gotten into crypto. It's pretty weird the more you think about it. Because it's like they see all these people who have made a bunch of money on shitcoins, but there is no guarantee or any sort of possibility that it will happen for them.

People really are gullible, aren't they.

They saw people who were first in the crypto space who were able to be financially successful, so they concluded that being in the crypto space would make it easy for them to get huge profits.

Even though they don't know what someone went through until they finally became financially successful. They only see the results, but they don't see what efforts the other person put in at the start. This is a thinking error that allows them to think like that.

Yeah they only see the profits they have obtained without seeing how many failures they have experienced before becoming very rich people from Cryptocurrency. As far as I know in Cryptocurrency, not many people immediately succeed in becoming rich. Keep trying your best and seeing people who have succeeded in getting rich from Cryptocurrency is an encouragement so that we can become one of the rich people from Cryptocurrency.

That's the fact. Not many people survive in crypto easily..it takes years of hardwork. But most people don't see that side .