Now that bitconnect is dealt with and out of the way. I would like to draw your attention to a new type of ponzi scheme which is taking instagram by storm. It seems that these days every person popping up on my instagram is a forex trading millionaire. They usually advertise with images like this:
Firstly, you have to ask yourself a question. If these guys are so rich, why do they need my £30 a month or £300 initial investment?
You usually find that the person will dm you if you show any kind of interaction with their profile. I usually ask them if they can just tell me the signals through dm? No, this is not possible. I have to download a specific app and then transfer the money via their code. So they are making some kind of referral commission on me signing up and investing my initial money. They don't care if you make a profit or a loss after this. Their commission is in the bag.
I would like to see Instagram take more of a stand against these profiles. Anybody can grab an image of a Lamborghini with a hand holding the keys and pretend they own it. I fear that lots of innocent people are once again being ripped off.
Let me know in the comments if you agree or if you have successfully used one of these signals guys.
You know whats funny?
People would fall for this kind of profile faster than those promoting steem/steemit/dtube.
Why?
Because people fall for fast money.
Been through my fare share of Forex MLM's, some are better than others but still, I don't suggest it. But yes instagram is their main source of marketing, then facebook.
amen
Follow my blog and you will make exactly 1lambo/day.