Scam Part 1 / Don’t fall victim to a Ponzi scheme.

[lordoftruth]

Thank You For Your Support and For Honoring Me With Your Up Vote...

I was victim to a Ponzi scheme 2 times the last year.
Don’t fall victim to a Ponzi scheme.

Italian immigrant Charles Ponzi popularized the scheme in the early 1900s.

In a Ponzi Scheme:
The early investors are paid out by investments from later investors.
Every scheme therefore has it's limits and normally will reach a point where new investors dry up and you may be the one to lose out.

The Golden Rule is always:
If you are in any doubt - don't send your Bitcoin.
If it makes you nervous and you are hovering over the 'Send Btc' button - listen to your doubts and you simply cannot then lose your Bitcoin.

Thanks For Reading,
Samer

Comments

[fanouropittas]

Rule of thump I always keep in mind.
If anyone is trying to sell you a job then it's a scam

[indexed-good]

What happened ?

[lordoftruth]

I lost few bitcoins with 2 investment sites that used same this scheme

[indexed-good]

Oh well I hope you gain them back :). Thanks for the warning !

[lordoftruth]

Thanks
The sad thing that I promoted also this scheme
I am sad twice for my lost and for who joind this schemes and lost..

[lordoftruth]

The most prevalent type of Bitcoin scam is

• Ponzi scheme
• Mining scam sites
  That they are just 'clones' of legitimate operators, and these sites produce strikingly similar websites,
  but don't have any equipment to back it - up.

When you send Bitcoin - It's gone
No way to ask for it back, no door you can knock on, no Bitcoin Bank Manager to phone
It's Gone.

thanks for you support and upvote

for his support for all my posts since my start thanks for all of you and a very big thanks to @bobbylee

[steemcleaners]

Source: http://www.badbitcoin.org/tips/index.htm

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