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That's correct mate, they don't have any known form of investment made from which they could be able to pay their members they use a pyramid system where the first member earn From the Registration of the members who register below them.These are two completely different things. Ponzi schemes are high risk investment that promise high returns within a short period of time, they usually pay their old customers with money gotten from the new ones.
The issue of most of the scheme that came out with very rewarding and too good to be true rewards always turns out to be a ponxi scheme,because there is no clear cut on how the income is coming from the investment.Are you referring to the infamous MMM that got away with people's money some years ago? If so, there is no how you can compare it to crypto. Crypto is legit and you are not at risk of being scammed while trading or investing in coins.
Probably, I am always very sceptical about his kind of platforms because so many of them always turn out to be false. any platform that requires you to invest certain amount of money and make steady percentage everyday is a potential scam.The issue of most of the scheme that came out with very rewarding and too good to be true rewards always turns out to be a ponxi scheme,because there is no clear cut on how the income is coming from the investment.
That is just it,because if one have not really had an experience,the offer would be very true to discountenance,and so the investment push will just make one to dive in,i have been a victim though of this typeof arrangement.Probably, I am always very sceptical about his kind of platforms because so many of them always turn out to be false. any platform that requires you to invest certain amount of money and make steady percentage everyday is a potential scam.
Those kind of websites should be avoided because at the end of the day you will not make any profit. I also ventured into similar website but I was not really greedy and I didn't invest much money.That is just it,because if one have not really had an experience,the offer would be very true to discountenance,and so the investment push will just make one to dive in,i have been a victim though of this typeof arrangement.
And most time the ways they keep inventing themself in the name of investment into some of these comodities that are very high in value and then you will be shown a good earning plan,they are all the same.Those kind of websites should be avoided because at the end of the day you will not make any profit. I also ventured into similar website but I was not really greedy and I didn't invest much money.
most of those platforms are being operated by the same individuals. When they run away with people's money in a particular one, they will go and bring another one with different name and different promises.And most time the ways they keep inventing themself in the name of investment into some of these comodities that are very high in value and then you will be shown a good earning plan,they are all the same.
That is exactly what i have discovered,because i invested last year in a commodity that is very stable in price and the returns was interesting,not knowing that they are all scam.most of those platforms are being operated by the same individuals. When they run away with people's money in a particular one, they will go and bring another one with different name and different promises.
it is important and necessary as you have learnt your lessons. People need to understand that making money online requires effort and capital in some cases for you to make something reasonable. Nothing comes easy.That is exactly what i have discovered,because i invested last year in a commodity that is very stable in price and the returns was interesting,not knowing that they are all scam.
That i a fact,because mmm is a ponzi scheme where it is design in form of an investment,but they are actually using someone else money to pay others,while the circle continues,but cryptocurency trading is like a currency exchange trade wher traders trade virtual currency with another.Cryptocurrency is a legitimate business, you cannot compare Cryptocurrency investment to the networking investment. More s, the networking or the mmm is am illegal business.
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