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.
Honestly I do think that there have been ponzi schemes since the start of the time. People just have to learn to avoid them, there is a saying *there is nothing in this world that you are going to get for free*, you have to work hard and at the same time you have to realize that *why would someone give you free bitcoins??* At such a price? In 2021? When the value of Bitcoins is increasing not just theoretically but at the same time, more acceptance is coming around from the world therefore I do think that, people do have to be smarter with their decisions and at the same time understand that what sustains any industry is profits, you won't be able to go anywhere or even evaluate the value of anything if you just give it around for free.