In the realm of bitcoin (BTC) and cryptocurrencies, numerous companies and investment platforms promise financial returns. In this context, it is necessary to be able to discriminate the genuine from the potentially fraudulent.
A frequent scam modality are Ponzi or pyramid schemes. As defined in the corresponding CriptoNoticias page, in this type of fraud, those who enter first obtain investment interest from the newest participants. For this, it is necessary to bring in new participants until, eventually, the system collapses.
The NGO Bitcoin Argentina, in November of last year, had warned about the growth of pyramid schemes in the South American country. Many times, as Javier Madariaga explained, they use “famous personalities, athletes or influencers” to promote them.
Some Ponzi schemes may be obvious. This is the case with the “loom of abundance”, very fashionable a couple of years ago. In this type of scam, each person – after investing an initial capital – had to recruit others who also put money in. No product or service was offered. It was purely and exclusively a pyramid scheme of financial collection that made a few millionaires, and made many lose money.
Other promoters of pyramid schemes are more cunning and disguise the scam in order to attract new adherents. Next, we present 4 elements that you should evaluate when considering a platform that offers you to make investments with them.
1) High returns guaranteed
The…
