Post
Topic
Board Service Discussion
Re: Cryptonyx.com - up to 6% per week - Discussion
by
Rannasha
on 18/10/2014, 14:42:44 UTC
So you're admitting that you don't even know if this website is legitimate or not? You seem to have doubts. Why send them money if you're not even sure that they're legitimate?
Of course I don't know. How should I know? Yes, I invested my funds there, not knowing anything about those who have launched this service. So what? Not much time has passed since my good friend has received advice from the veterans of the forum to use Mt.Gox exchange. Grin

There's a massive difference between MtGox and this. MtGox had a legitimate business model: trade Bitcoins for fiat and the company takes a (small) cut. They screwed up their business, as we all know. But there are several other companies still out there, with the exact same business model, doing fine. An exchange is a real business model. It can still attract incompetent or dishonest people, sure. But the business model is okay.

Cryptonyx has no legitimate business model. There is no way to obtain 6% profit per week guaranteed with no risk. And even if they could, why would they seek investments from Joe Average putting in $50. Any company that can prove that they can make 6% per week with little to no risk (or even 1%, or less), will have VC investors falling over eachother to invest. This would offer the company far better terms with way less hassle (no need for a website, no need for customer support, no fluctuating investments and withdrawals).

So since you invested in this place, what was your reasoning to do so? Why do you believe that they do what they claim to do? What convinced you that this is likely not a scam?