Seriously, for the guy laughing at the 35% annual return I'm sad for him. We're in the explosing crypto world, returns are way higher than in the traditional world.

Last month alone I've made 40% on my PTF (500% annualized). This month I'm on track for 70%. Maybe I did some good choices but I have the feeling that if I had just bought everything and hold the result would be very high as well. People are becoming rich in very short periods of time. This sound scammy in a 7% a year stock market, but not in a young and explosing industry like this one.

For me Bitup is basically a crowdsource loan with high interest rate so that the owners can trade cryptos.

There is no proof it is a ponzi. And yes it is risky to invest in these kind of company that obviously are doing a poor job at bringing confidence to their clients (the fake partnership is just very dumb), and it wwould require more than 35% annually IMO. But don't call it a scam if you don't have a proof.

This guy 'ICO Alert', is just presenting the fact that BitUp is a ponzi as a widely accepted one, this is just dishonnest. I think people taking investment advices from a teenager with 30 ETH-equivalent invested in the crypto world are the real fools here.

And nobody is explaining how a closed end fund with public trading activity can be a ponzi... How does it work technically? Taas guys will make huge profit from their 25% fees on returns, no need to stole money from their customers and ruin their reputaion. The fees are very high, and it is kind of an indication as well. No need to put such a high fee if you're a scammer and just want to run with the money.