@Telesfor
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I can't understand why so many people fall for pyramid schemes like "Million Money" or "Forsage". Even if you explain it to them and refer to articles that clearly warn against it, they ignore it.
42 comments
So many people believe in pyramid scheme as a good way to accumulate CRYPTOCURRENCY, so the prefer taking the risk. And they always try to avoid being among the last to join.
Forsage is being portrayed as one of the best sites over the internet recently. Not sure what is wrong with people, falling for these sites 🤨
One mans food is another man poison bro
Yeah but I wouldn’t want to be fed by poisoning others. Scamming is one of the top cybercrime affecting millions
The idea of pyramid scheme is about continuity, that is the only thing pyramid scheme has not yet been able to fix and nobody has been able to fix it also. Also u stop referring people, the pyramid remain stagnant..I think if these problem can be tackle, then pyramid scheme might be a way out of creating awareness
Exactly. I felt like I was scammed by the person who invited me as he didn't clearly explained that that forsage is a pyramiding scheme. My bad I didn't research first before I joined. Now I regret that I spent more than 0.006 ETH on forsage. I didn't invite anyone and I haven't earned anything yet. I think I'll start moving on from it and learn my lesson.
Actually, maybe you joined late, a pyramid scheme always favour those who are at the top of the pyramid, so u have to be careful Before you join, nobody will tell u about the risk involve, if they do. You don't want to register. You can still keep trying maybe you may be lucky not to be the last on the pyramid
I don't think I'm late. I'm no. 113300 and forsage has already nearly 500000 members. The person who invited me advised that I will earn without inviting. Maybe I will but only time will tell.
You will only earn if the person that invited you is working hard.
Yeah. I guess so.
If you want to join a system where you have to deposit first, you must always be very careful. Always search the internet for the name of that service and the term scam. And best of all don't join.
Mostly because they're young and fight against the stupid old guys who just don't get it, that you can get rich now... the times have changed (c) every teenager since the dawn of humankind :)
Because people are running after that illusion called " fast earnings and free money". Scammers are using that to make them fall for their pyramid and ponzi schemes. The sad part is it works everytime.
Once a person always look forward that they could earn something or they could earn a lot from that pyramid schemes no matter how hard you try to convince them to stop it or warn them they wouldn't mind at all. But hey, atleast you do your part to warn them, it's their problem anymore if they lost their money.
I have done Million Money thing with 0.03 ETH ≈$6 but I have stopped on a clear look and I know I will get back my money within 3-4 days on Read.Cash
My mom almost join that Forsage, but now she's happy that I have knowledge about cryptos and possible scam or pyramid schemes, because of me, her money is safe from scammers.
I really don't want to join on that any kind of pyramid schemes, like forsage, one of the member there always asked me to joined because according to his explanation that I can earn without any invite by using my upline, there is no free in the world, especially it's not referring to a small amount of cash. Some people always believed that if they invest a big amount of cash in any pyramid scheme, it will return to them without doing anything as a promoter said. How sad for them. I'm a newbie in this industry but I always keep in mind that if I want to earn more I need to work for it.
I would have fall for this scam if not for read.cash community. I was desperate to join forsage until when i made an article about it here and got true information from those that knows better here
I remember this one time when I was browsing on a Facebook support "earning group" where people posts a lot of "proofs" that they are earning big with these "decentralized" sites for ETH. All of them would advertise it that it's possible to earn without invites, you just have to register and deposit certain amount, and the funny thing is that they will always tell people that "YOU'LL EARN EVEN WITHOUT INVITES". Since I never liked the idea of referrals, I tried going into the site. Well I think for me, it was a good thing that it has a fee upon signing up. Haha I had to think twice! So there it was, I had to research more about the sites and discovered that those are pyraminding schemes. I think it's really possible to still earn without invites but the question is, "will you be able to withdraw your 'earned' money?" and I guess not. Since a lot of people are very much eager to invite just anyone (especially those who have no prior knowledge about it) to take advantage of them for their own gain. It's sad that these people wouldnt give you proper knowledge about what they are advertising about.
I almost try the forsage too. But I feel like something is not right, and luckily I don't have the amount they were asking me to deposit. LOL. Thank goodness I didnt do it.
Greed.
i was once one of those who got interested when i heard about forsage .. but im glad i ididnt join.
Yes because they want to earn big money they don't know what's the risk they have taken.
That's because some people are so lazy to find decent work, so they depend on that stupid networking that offers them a promising high instant income. I don't believe that networking, they are mostly scam.
They ignore because they think they are so good that won't fail, the human nature to believe in dreams is more stronger, scammers explore that and many fall because the illusion to get quick rich is on their minds, we can give all the tools to make them survive in this "space" but they will ignore only to wake up when all their savings are gone!
People maximum time fall for big thing. In less time they want to earn more. Even if you alert them they don’t listen. They think that they are not going into trouble. They want to remain idle and earn more. Hahaha...
This is true. Maybe because a lot of people are desperate to earn big amount of money quickly.
Because they want an easy money, they want to earn a lot without doing something. Just inviting people, the more the invite the higher the income. And those who joined late and rank in the bottom gets nothing, because they can't invite anymore. I have joined the million money, they're advertisement looks so promising that lures me. But when I know how the system works, I didn't do the same. I ended up gaining nothing and didn't get back my capital. I don't like other people experience the same. And now there's forsage again but I wasn't interested at all because I know how the system works. That smart contract will not give you money without new invites. The money of the new comers is the one being used to compensate you. If no new comers then the cycle stops.
The problem with this system is that there are always people who are in the middle of the pyramid. They even make some money. Such people are the most dangerous, because they advertise the fraudulent systems by telling everyone: "I have earned something so it can't possibly be a scam. I am the proof." That thousands of people are losing their money, they don't understand, or don't want to understand.
Those people only care about money they earn and doesn't care about their downlines if they will earn or not. Some joined out of ignorance as well, just diving in without knowing how it works. They claim it as not a scam because they earn something.
It's questionable if the middle group earned, scammers easily promote themselves or buy addresses who do the job for them. You see those "jokers" commenting and voting everywhere and frequently they all live in the same country. 🤔
I think there are some who deserve something. These seem particularly convincing. I think I'm discussing with one of them right now. https://read.cash/@Axi/million-money-a-dapp-very-underestimated-by-the-public-632fb410#comment-2d8882bf
I hope they make you wiser and they will not come to the point they belong to the bottom. The one you speak with can prove his became a millionaire?
What I have learned that there is no easy money without hardwork! If they offer you to make a millionarie, still you should avoid it! Because they will make you bankrupt! I dont go for all that! And when someone says that you need to invest some crypto,and they will give you automining money🤣😂 I check the site and then never visit it again! Why should I waste my time!!
Very well said. People will not easily fool you and you will be safe from scammers. To be honest I can not feel sorry for those who fall for it. If you are too lazy to work and too lazy to check out things properly before you act it's what you deserve and those scammers are right they try it (and have a good laugh).
Maybe users truly needed money for free or instant ow well their is no such that thing for free. We must earn it. Like here in read.cash we must write and think hardly to create a good article which is useful for every user. P.s. sorry for my grammar I'm not really good in english.
There is no money for free. Who thinks that there is money for free must be very young and naive. Nobody gives money for free except charity. In all pyramids you have to deposit first. Most people will never see the deposited money again.
Absolutely right sir.
Because those who are in need lose contact with sense and try everything to be rich in a short time. Preferable without working.
We can not make them understand untill they wanted to😌😌😌 Thanks for your Article
Some people trust MLM businesses and aren't aware about the fact that in this area there are also a lot of pyramid schemes hidden under this type of business. Also, HYIPs offer promises that never been sustained by the real financial calculations. I think many people don't have time or don't know they must do their own research before investing in anything anywhere anytime!
But don't people wonder where the money in MLM systems comes from? The systems do not produce anything.