*SEC-S17W3- "Let's talk about Ponzi scheme"
Hello friends! Welcome to another week filled with enticing entries from my blog. Human quest for more money and profits has caused him more pains when it goes west. Schemes other than the regulated means of making earnings are risky ventures. Anyway, let's get to read from my submission on Ponzi schemes.
Have you ever heard about ponzi schemes? |
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I have heard about ponzi schemes severally. It is no news to many as it is been done both in advanced countries and low-income countries. It has no boundaries and could be operated by these gimmicks who always seek to devour their finances.
I am not only a hearer of Ponzi schemes but also a doer of them each time I come across them. Not anymore as it only comes in a manner that seems you are winning but the end losing more than what is gained.
Have you been offered to invest in any of these schemes? |
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I have been lured on several occasions and in fact, even referred others who invested in it. The game plan with any Ponzi scheme is that it is usually attractive to join at first sight and introduction.
It is a phenomenon to know that there's usually no happy ending with any of these Ponzi schemes. It starts well as we earn the jumbo profits but in a quest to reinvest and satisfy our greed curiosity, we lose our profits and capital.
The fun of them all is their ability to make referral rewards more enticing. This is a strategy that allows people to bring in more people. due to the handsome reward attached to referral earnings.
Do you know how to detect Ponzi schemes? |
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There are different things to look at when we come across a Ponzi scheme despite how decorated and pushy its sight may look.
We should look to check its reward-based scheme vis-a-vis what other centralized and legal outsourcing or investment companies offer. That of Ponzi schemes are usually very high and attractive.
There is usually a short return on investment (ROI) relative to other legalized institutions. We tend to see smaller maturity tenors and high returns with Ponzi schemes.
Lastly, it comes with a referral scheme as well. Referral schemes help the enterprise to grow faster while it still exists.
Do you think Steemit is a ponzi scheme? |
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Hahaha! This is quite a funny question about steemit. Steemit is far beyond this gimmick of being regarded as a ponzi. It has stood its ground over the taste of time.
Steemit is an engagement platform that does not necessarily require a compulsory investment of funds before participation is carried out. If I don't require money to get started, earn thereafter, and continue the cycle, then it speaks contrary to the design of any Ponzi scheme.
Steemit simply runs on the activity of engagement in it and users are rewarded based on their creative and quality content. This had no resemblance to those qualities of a Ponzi scheme.
Thank you, friends...
Inviting @ninanpenda and @chilaw.
Thank you, friend!
I'm @steem.history, who is steem witness.
Thank you for witnessvoting for me.
please click it!
(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)
The weight is reduced because of the lack of Voting Power. If you vote for me as a witness, you can get my little vote.
Upvoted. Thank You for sending some of your rewards to @null. It will make Steem stronger.
Hi my friend I see before going into any investment company you need to check if it is going well or not because right now there are alot of fake investment company and we need to be careful because if we are not we may fall onto big temptation.
Saludos @xkool24.
Es cierto que los esquemas ponzi siempre están vigentes y detrás de muchos proyectos que en algún momento se vuelven muy populares y atraen a gran cantidad de personas debido a que ofrecen grandes recompensas o beneficios en corto tiempo y eso es algo que se vuelve muy tentador para personas que tengan alguna necesidad o avaricia de ganar dinero fácil.
La determinación del estatus del club se refiere a la https://steemworld.org/transfer-search aplicación basada en la web.
Thank you, friend for the review
Greetings dear friend,
I must commend you presentation,lt is on top notch, Ponzi schemes are fraudulent investment scams that promise high returns with little to no risk. They rely on a constant flow of new investors to pay returns to earlier investors. Eventually, the scheme collapses when there are not enough new investors to sustain it.
Steemit is a legit business place for every user to earn through hard work, consistency and patience. It's far from Ponzi scheme.
I wish you success in this contest