Have you invested your money in an online business that looked good at first, but you now doubt whether you have done the right thing? Or are you planning to invest in some online project, but may be worried about being scammed? Then you’re at the right place. I would like to share my personal experience with you; it relates to one of the most frequently used forms of online fraud – the Ponzi scheme. This article details how this scheme works in practice from beginning to the end; how to detect it; and when it is best to withdraw money and walk away.
A section in which I deal with pyramid games and Ponzi schemes. How they work, their characteristics and features. How to detect a scam and not to find?
Recently, I have received e-mail from my readers asking for the authentication of various companies that offer easy and effortless earnings through an investment capital appreciation system. The majority of inquiries from my readers are regarding the so-called HYIP programs. These typically require a financial investment for a period of time, after which you simply “reap your rewards.” I have outlined my experience with this type of business in this article. I also offer advice on what to be aware of, if you decide to invest in an HYIPs as well as several HYIP monitors.
The Internet is making our life faster. These days, thanks to the Internet we are able to purchase goods from the other side of the world in a matter of minutes. We can also finalize a deal with a simple click or get to know someone, we would probably never have met otherwise. Also expanding are the opportunities and offers of making investments. These could potentially lead to a decent passive income. However, not every company is credible and as the number of offers rises, so does the risk of a scam. Of course, it’s useless to be afraid of something in advance.
In the cryptocurrency world, pyramid schemes/Ponzi schemes are nothing new. Cryptocurrencies like Bitcoin, Litecoin, Ethereum and others are becoming more and more popular, so it comes as no surprise that dubious online projects and businesses begin to emerge, which misuse this current phenomenon. In this article you learn in particular about the difference between legitimate electronic currencies, like Bitcoin, Litecoin and others, and pyramid (scam) crypto coins, like Coinspace or Onecoin, and what these pyramid systems have in common.
Pyramid games (pyramid schemes) have many forms and sometimes it is difficult to recognize them. However, they all have one shared feature. They promise customers and investors huge profits based mostly on recruiting another members to the scheme, not based on real investments or real sale of products and services. Some schemes may support the sale of a product, but it is often just using the product to cover the pyramid scheme. There are two indications that the product is being used to cover a pyramid scheme: inventory purchase and low retail sales.