Schneeballsystem keinesfalls Investment und rate jedem, trotz lukrativen Versprechungen mancher Kryproprofis, Finger weg!!
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How Does a Ponzi Scheme Work?
The scammers start generating income by attracting new members. They use the funds from new investors to pay out the old investors and keep the scheme up and running. The whole point is that scammers never invest the money. They use it to manipulate their investors into thinking they’re profiting. But, in fact, they are losing money at a rapid pace.
Ponzi schemes need a consistent flow of money to survive. When they can’t recruit more investors and have a lot of people cash out, they usually collapse.
Scammers have used this principle in many investment-related industries. Most recently, scammers have been trying to perform Ponzi schemes on digital currency investments.
What makes this type of scam convenient is the fact that the culprits are much more difficult to trace and have less regulatory oversight.
Is a Ponzi Scheme Responsible for the Latest Crypto Crash?
In the past couple of weeks, the massive crash in the cryptocurrency market has been taking over the headlines. The prices have fallen dramatically, which has resulted in a loss that’s worth around $50 billion. The Bitcoin price, which was around $10,000/BTC is down for about 30%, which is unheard of.
At first, many experts thought that this downfall happened because of the recent global market turmoil. Now, many believe that the cause might have been something else.
It seems that this huge surprise was the result of selling Bitcoin by PlusToken. PlusToken is a well-known Ponzi scheme prevalent in China and Korea. The initiators of this scheme managed to steal more than $2 billion worth of cryptocurrencies from investors.
On the 11th of March, PlusToken scammers moved over $100 billion. Experts think that culprits sold the cryptocurrency via different mixers. It caused a massive rise in supply, without enough demand to follow it. It produced this vast market fluctuation.
As you can see, a lot of investors got scammed. When it comes to Ponzi schemes, anyone can become a victim. Let’s talk about some red flags and how to avoid falling victim to this exploit.
How to Recognize Bitcoin Ponzi Schemes
Although they can be a bit tricky to spot, some things connect every Ponzi scheme. By learning all the signs, you can recognize and fight-off the potential issues. Here’s how to detect a scam:
1. Promises That Are Too Good to Be True
Investors know that every investment comes with a set of risks. “The higher the risk, the higher the reward” is a common phrase in the investment world. So, when someone approaches you with a proposal that offers little to no risk, something is wrong.
Ponzi schemers usually try to entice their victims by claiming that they have a profitable deal. According to them, it carries virtually no risks at all.
So, if it sounds too good to be true – it probably is.
2. Very Frequent Returns on Investment
Quelle >>> www.nuwireinvestor.com/...rs-recognize-bitcoin-ponzi-schemes/
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