Is cryptocurrrency a ponzi scheme?

[Munah]

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.

[Alone055]

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.

[Charles-Tim]

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.

[jeraldskie11]

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.

[Roseline492]

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.

[Sim_card]

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.

[rachael9385]

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.

[ZAINmalik75]

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.

[DaNNy001]

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.

[Aanuoluwatofunmi]

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.

[bhadz]

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.

[LogitechMouse]

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.

[hugeblack]

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.

[erus]

~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.

[Roseline492]

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.