2016 and 2017 were years that have taught me so much lessons. My country, Nigeria, experienced a lot of ponzi scheme all with different names. The only thing that common to all of them is that they all have sweet names, sweet agendas, sweet promises which came in the form of high Return in profit. Names like MMM, ultimate cycler, icharity... the names are so much I'm tired of listing.

In every of these schemes, there are people who benefited, and of course, people like me who were hit so bad because we joined the train very late. So, today I'm not going to write another review but share from my experience things that will help you not get into such schemes.

1. The first and simplest method is to search google.com . It's so easy that all you need to do is to press " scheme review". Check what people are saying about the scheme you are about to invest to. The multitude can't always be wrong. When a lot of persons don't give a good review about a scheme you should be careful to invest. Do more homework and studying. It's better you have your money at hand than to lose it to scams.

2. look for the video review if you are not satisfied. I remembered that the only reason why I avoided bitconnect was because I got an honest review from YouTube. It's easy. You don't need to read. You just have to watch and listen.

3. check the company's website and look for faults or means of possible mishaps in future. Don't look at the website for review because they always have the good ones. Don't ask their admin, because they always say sweet words.

4. Do they promise high return in profit? I can remember before that last problem of MMM, they even promised 100% profit in 30 days! That's such a mouth watering offer but it's also a death trap. Their offers are always too good to be true. Maybe it's possible to get such return but I'll advice you to be careful next time you see such. There is always a free food at the mouth of a fish hook

5. Do the economics of where the money is coming from. Do the scheme have a physical or digital product they offer or sell? Where do they generate the money from? Where and how will they sustain the growth of the scheme in the future? The possible answer is that, they depend on your money to do all that. They wait so you to bring in your money to give to the guys who've been in the system before you.

It sure takes more than these 5 point to know a ponzi but you can't miss it if you do your homework using these 5 methods. I've been scammed severally and I won't like anyone to be scammed again.

In case you're still wondering if bitconnect is a scam, read the history of all other ponzi and you will notice that this is how they always fall. They always start with few persons but crash with more persons.

Like the saying, a word is enough for the wise