Correct! I wish these things were legit because it is to easy. The only problem is people shut down the logical part of their brains and WANT to believe. I am sure we will see the demise of this as well in the next few months.
in Russia there are many ponzi schemes. I noticed that the harder the times, the more insolent scammers. anyone who promises a fixed percentage is a scammer!
Exactly right. Here in the US they went after Bitconnect pretty hard. They were offering trusts which you can not do without a license. But with so many new people getting into cryptocurrency they just do not know any better and see a way to make easy money without spending the time to research it. Unfortunately, these kind of scams will tarnish the name of our industry until enough people are aware and lose their hard earned money. That is why I am trying to get the information out there to my followers. Please spread the word.
I resteemed your post. My friends and relatives consider any crypto a MMM https://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company)
They are not believing ever is Steem!
Thank you for the Resteem! I can understand their speculation. I think with time and having a understanding of the crypto space they will come around. Regardless, we must protect the ones close to us from the ponzi schemes out there. Information truly is power.
You could be very right about that. One of the guys I had watched originally recommended it...but he also was affiliated with Bitcconect so who knows? Something I will look in to.
Correct! I wish these things were legit because it is to easy. The only problem is people shut down the logical part of their brains and WANT to believe. I am sure we will see the demise of this as well in the next few months.
in Russia there are many ponzi schemes. I noticed that the harder the times, the more insolent scammers. anyone who promises a fixed percentage is a scammer!
Exactly right. Here in the US they went after Bitconnect pretty hard. They were offering trusts which you can not do without a license. But with so many new people getting into cryptocurrency they just do not know any better and see a way to make easy money without spending the time to research it. Unfortunately, these kind of scams will tarnish the name of our industry until enough people are aware and lose their hard earned money. That is why I am trying to get the information out there to my followers. Please spread the word.
I resteemed your post. My friends and relatives consider any crypto a MMM
https://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company)
They are not believing ever is Steem!
Thank you for the Resteem! I can understand their speculation. I think with time and having a understanding of the crypto space they will come around. Regardless, we must protect the ones close to us from the ponzi schemes out there. Information truly is power.
steem upvoting bots may be a scam. I don't use them
You could be very right about that. One of the guys I had watched originally recommended it...but he also was affiliated with Bitcconect so who knows? Something I will look in to.