trust me these schemes never pay out
Very well said
Though not only in crypto these schemes exist in other ways
Like my mom is victim in her life when she meet a property dealer who said her to give this amount he'll buy property & will sell at higher rate after few months you'll get high returns
She believed & guess what later the guy was gone with her and many other people investment.
We are only responsible for our own investments and should never trust in any ponzi scheme in crypto when it's too volatile.
Hope your friend will stay out from this.
Ponzi schemes should never be trusted in any circumstances. They are all scams.
Exactly, can't disagree with it anymore
In past I too have been victim of such ponzi schemes, they are so luring at times that you just cannot resist and want to take a chance. You are very right, we are responsible for our own investments and we should pick up wisely on where we want to put our money.