Assalamu Alaikum

Hello Everyone I Am @memamun
From #Bangladesh

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Dear friends and brothers, hope all are well. Alhamdulillah I am also fine by the infinite mercy of Allah. Health is a great gift from God. I express my gratitude to him by thanking him for this blessing. Today I came to the Healthy Steem community. Where the engagement contest is being organized. The subject of the contest is SEC-S17 / W3 |" Let's talk about Ponzi scheme" From the best of my knowledge on this subject I will try to write inshallah. So let's begin.

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Have you ever heard about ponzi schemes?

Yes I have heard about ponzi scheme, it is a kind of fraud where new investors money is given to old investors. And later everyone's money is looted through fraud. The term Ponzi scheme is originally named after an Italian man named Charles Ponzi. It's kind of Investment method where investors are first lured by promises of profits and money is taken from them.

And they are duped by claiming to provide profits from legitimate businesses. In this way, profits are paid from the money of new investors to sustain the old investors. The scheme continues for as long as the investors continue to invest and old investors get their full investment. Do not want money back. Thus at some point the scheme collapses and the rest of the money is misappropriated by the person running the scheme.

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Have you been offered to invest in any of these schemes?

Nowadays, various websites promise high profits, first ask people to invest, and then give back double the amount invested. Later when the investors re-invest in the hope of additional profits, they do not get their money back but instead have to pay more money. It is also a kind of ponzi scheme.

I have also been a victim of such scams, but I refrained from investing because I had a prior idea about it. Every person should stay away from such spam websites and be cautious. Otherwise, you will have to suffer a lot later. Every person should make an informed and fact-checking decision to take And always proceed with caution.

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Do you know how to detect Ponzi schemes?

It is not that difficult to spot a Ponzi scheme. When someone promises you more profits, it means that he has a vested interest behind it. So when someone promises you more profits and asks you to invest, you should definitely stay away. But if you want to go alone, check the truth A decision should be made.

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At present, there are various types of fraud circles around us, who constantly cheat people and embezzle money and eventually make them proletarians. So if you ever find yourself in such a situation, you must try to deal with such situations with intelligence and caution.

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Do you think Steemit is a ponzi scheme?

I have invested in various websites. I have been cheated a lot and lost money. Then when I found this platform I loved it. Because I had absolutely no intention of ever investing in an investment site. Because I have never profited from the investment site but I am a victim of fraud have been

Then I searched which is the best website where I can get paid according to my efforts. Then you can understand how much honesty and trust I place on the Steemit platform. I have been on this platform for over a year. So far I have not been scammed. A proper platform. a Platform of love. I love this platform.

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Well friends, that's it for my participation, I hope it is to everyone's liking. And I thank you in advance for the comment and support that you are willing to leave me.

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I invite @eliany @radjasalman and @waterjoe to participate in this challenge.

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Good Bye

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