With the increase in the value of bitcoin, we are witnessing an increase in pyramid and panzi schemes every day, which promise huge profits and bring people into these schemes, and after a while, they cause financial loss to the person.
One of the reasons we are more concerned about Panzi plans is the growing distrust of people in the digital currency space. And it must be remembered that the failure of digital currencies can lead to the failure of China's extraordinary blockchain technology.
Scammers are always offered big. And some people who haven't enough knowledge about that and the people who newly know about crypto currency or Bitcoin and which people are much greedy, also some people who wants to make money without hard work that people got scammed by scammer. They easily fall in those scam offers. So we need to make more consciousness about all kinds of scam for avoiding this kind of bad situation and helps other people.