How to spot a pyramid scheme?

[Passiveearner]

Since the invention of cryptocurrencies, there are many Hyip sites that have become more and more active. They tend to offer many pyramid schemes in order to attract more and more people. They disguise Hyips as investment projects, which are insured! So, how do you identify such kind of scams?

 

[eldavis]

One way to sport them is through the fact that you cannot earn unless you have referrals under you. Most of these pyramid schemes only work when you have referrals. Then they tend to give out juicy offers.

 

[Authenticity101]

Most pyramid schemes offer promises that are too good to be true. You will identify them from their interest rates that are too high for doing so little. Another component is that they are not registered under any authority.

 

[Passiveearner]

Most pyramid schemes offer promises that are too good to be true. You will identify them from their interest rates that are too high for doing so little. Another component is that they are not registered under any authority.

There were a few HYIP sites that were also offering low returns on investments. They also became a scam. If a company is offering realistic profits, then still this does not mean that they are reliable.

 

[Yohanna]

Most pyramid schemes offer promises that are too good to be true. You will identify them from their interest rates that are too high for doing so little. Another component is that they are not registered under any authority.

You have a good point! the pyramid scheme will always want to attract their prey.

 

[Passiveearner]

You have a good point! the pyramid scheme will always want to attract their prey.

A fraudulent "company" that runs a pyramid scheme may not be regulated company in the first place. There are a few fraudulent companies that run such kind of schemes and they may create fake documentations.

 

[Bisolami]

One way to sport them is through the fact that you cannot earn unless you have referrals under you. Most of these pyramid schemes only work when you have referrals. Then they tend to give out juicy offers.

Exactly
I wonder why I will be told that I cannot make money if I do not have referrals. Once I hear this, I always run away from those websites because it is clear that I cannot make mone there

 

[Yohanna]

A pyramid scheme should be stopped in any form because that is the way out.

 

[Passiveearner]

Exactly
I wonder why I will be told that I cannot make money if I do not have referrals. Once I hear this, I always run away from those websites because it is clear that I cannot make mone there

When you refer people to a pyramid scheme, then you also lose trust for sure. This is why it is important to investigate things before investing money with such schemes.

 

[Etini Willie]

Any investment that has the semblance of a pyramid scheme is something that would not work for me. I am very bad with referrals to start with. And I don't have the patience to build downlines.

 

[moneywise2021]

I try to stay away from pyramid schemes when possible. I do have some crypto websites that I belong to but I do not make deposits. I get the crypto from faucets and keep them growing

 

[Bisolami]

When you refer people to a pyramid scheme, then you also lose trust for sure. This is why it is important to investigate things before investing money with such schemes.

They will not trust you again and they will lose respect for you because you are inviting them to invest in things that they also have to refer other people before they make money on it

 

[Smalto]

Since the invention of cryptocurrencies, there are many Hyip sites that have become more and more active. They tend to offer many pyramid schemes in order to attract more and more people. They disguise Hyips as investment projects, which are insured! So, how do you identify such kind of scams?

I think in my own thought and opinion, it is a easy to spot a pyramid scheme, one of the ways to spot them is, if the scheme or platforms benefits or supposed rewards, sounds or appears too good to be true, then I think that's a clear indication of a scam or fraudulent scheme.

 

[Bisolami]

I think in my own thought and opinion, it is a easy to spot a pyramid scheme, one of the ways to spot them is, if the scheme or platforms benefits or supposed rewards, sounds or appears too good to be true, then I think that's a clear indication of a scam or fraudulent scheme.

It is very easy for us to spot them because we already know how they work but some people do not know how to spot them and that is why they continue to fall victim all the time

 

[Etini Willie]

Someone like me can never Bea victim of this kind of scheme online and offline. That is because I hate all those hyip that gives quick returns. I prefer the age long slow and steady returns on investment kind.

 

[Bisolami]

Someone like me can never Bea victim of this kind of scheme online and offline. That is because I hate all those hyip that gives quick returns. I prefer the age long slow and steady returns on investment kind.

I think we should never say never. I used to say this until it happened to me. Just hope that you do not fall into the hands of those people because their offer may seem juicy st times

 

[Passiveearner]

Someone like me can never Bea victim of this kind of scheme online and offline. That is because I hate all those hyip that gives quick returns. I prefer the age long slow and steady returns on investment kind.

Investing in pyramid scheme could be one of the worst decisions you could ever make. I have lost more than $25 when it comes to investing in pyramid schemes. This is not at all a great amount of cash. However, still losing something hurts you deeply.

 

[Bisolami]

Investing in pyramid scheme could be one of the worst decisions you could ever make. I have lost more than $25 when it comes to investing in pyramid schemes. This is not at all a great amount of cash. However, still losing something hurts you deeply.

But there are times when it will be good to take those decisions. It will be good because you will have an experience of how they scam people and it will be a lesson to you so that you won't try it again.

 

[Stardom22]

Most pyramidal schemes are easily noticed. They tend to have higher rates on returns on investments or abnormal profits. They would lure people with higher sign up bonuses and higher withdrawal thresholds.

 

[Passiveearner]

But there are times when it will be good to take those decisions. It will be good because you will have an experience of how they scam people and it will be a lesson to you so that you won't try it again.

Any kind of website offering a guaranteed profit could be a pyramid scheme. However, this does not mean that this is necessarily the case. There are some legitimate websites out there that might be offering good profits.