Quote from: fortunecrypto on January 26, 2020, 10:01:43 AM

Quote from: VDraci on January 04, 2020, 11:40:19 AM

This is new year and i expect newbies to get smarter, be careful of new projects that are nothing but pyramid schemes, Multilevel marketing schemes or pyramid schemes may likewise be utilized to swindle crypto investors. Such new companies guarantee enormous degrees of profitability inside a brief period, and regularly convey different individuals to rope in new members. When the part list gets generous and the fraudsters get a sizeable store, they evaporate, leaving all investors seething. The most ideal approach to distinguish such schemes is to take a gander at the project's experience. Such projects will in general evade any perceived organizations or bureaus and have next to no undeniable foundation data, be very careful and limit your losses this new year, all the best.

If they are aware of Onecoin and Bitconnectcoin, I'm sure they are aware of what scam coin looks like and they are fully aware that projects that offer a plan with guaranteed interest can be considered a Ponzi scheme and multi-level marketing, people should know how to differentiate Cryptocurrency volatility and a Ponzi scheme.

the name of the case that you have mentioned might be for experienced traders to know that it's a scam or not but for new traders it will be difficult to choose a good cryptocurrency they don't know the pyramid scheme that makes a lot of people lose and they also don't have the experience exposed scam so if such a scheme still exists they will target traders who don't know it all to make them victims.