/biz/ - Business & Finance

Did they have pyramid schemes in Ancient Egypt?

How much money have you given to the Boomer this month /biz/?

So if I invest now it will be paid out to everyone who invested before me right? How is that different from a simple pyramid scheme? Yes getting in early on a pyramid makes you bank but the later investors need exponentially more money to break even

>>9036572

So in other words, another powh-style pyramid scheme?

To quote the movie "Wall Street 2", it's a miracle that a fool and their money ever got together in the first place.

A lack of new money is why ALL ponzi schemes eventually fail.

>>8595528

This is what happens when bubbles start to collapse...

1. There is a fixed pool of potential investors.

2. Those who get wiped out are out of the pool forever

3. They stop posting and shilling, because they have no more money to invest.

4. This freaks the price, and causes more to lose money and be removed from the potential pool of investors.

5. Everyone eventually lose all.

Been away from /biz/ for a few weeks. How are all those bagholders from the various Eth ponzi schemes faring?

Things like ethbots, ethcities, etc

>>8421682

Lol. you can't honestly believe that in 6000 years anyone will even know what bitcoin was.

It will be a footnote, if even that. Probably not even that since as far as scamming get-rich-quick schemes go, it's small fry

Facebook, Google and now Twitter have banned crypto ads.

Which means the only people who will be hearing about all the new shitcoin ICO's are those already in the coin market.

And they don't have enough real money ($) to support all of the existing coin, let alone any new ones.

The sky is falling.

>>8411923

>>8398276

>>8210178

That billion coin scam, where they promise to make you a billionaire because the coin value always goes up 2% per day, and because no one is allowed to sell the coin for less than their set daily price.

As far as scam rip-off's go, this one has abnormally low production values.

If this is what passes for "investments" on /biz/, I think it's time to start my "two tens for a five" coin.

It's amazing that there are still people in the world who will fall for this bullshit.

>>7960306

No, it's not, is it.

It's a classic bigger fool play.

You are saying that people should buy these because "someone" will pay more for them, even though there is no reason why anyone WOULD pay more for them, (except that some other bigger fool will come along and pay THEM more).

The flaw in the whole idea is that there are only so many fools this big.

>>7943647

>>7943042
I've attached a diagram of how it works

>pajeets and their pyramid schemes

How do I start one of the Eth pyramid schemes like etherbots and ethercountries?

I have a good idea for one and I want a lambo

>>4939192
Exactly. You can think of it like a certain shape, where the normies new to the whole idea are very numerous and at the bottom and we, my lad, are at the top

Anyone else's workplace getting ravaged by people spreading their bitconnect referral links and showing normies crypto...but ONLY through bitconnect.

The amount of ignorance in this shit is unreal...There are a couple of guys being straight up wolves preying on the uninformed showing them the "potential" returns and how easy it is. They use the credibility of all of crypto and bitcoin to justify BitConnect. The amount of time I've heard from people "Yeah, I just invested in Bitcoin...through BitConnect". is ridiculous.


BitConnect is NOT sustainable. They propose to give you a return of over $1MM if you leave $10,000 in it for a little over a year (~400 days).

THAT IS INSANE. There is absolutely zero way that is sustainable. If they really do have this magic "volatility bot" that works so well...they wouldn't need the money of random fucking people. Bit-connect wouldn't be a thing because they would be the richest people on the planet.
I know this shit is gonna be bad for crypto when it blows up...but in the back of my mind I can't fucking wait. I want these idiots (Not the ones that are ignorant, the ones that KNOW this is a scam but recruit people in anyway for their selfish gain)...Fuck those guys.

>>2768229
>but we are talking about a 10$ loss per person here
Multiplied by the number at the bottom, that's a large sum.

>I don't see a problem
When each of those people at the bottom reported you for scamming, that's a huge problem.