Current potential crypto trader candidates: Bitclub Network and BitcoinProfit

A current, still running example is the Bitclub Network. Here the profits are allegedly achieved through mining. It has been proven that there is also mining at the Bitclub, but it is questionable whether the coins created are sufficient to pay the claims of the members. Of course, caution is required here not to simply label the network as a pyramid selling system. But the distribution by a structure selling in combination with a certain intransparency do their remaining, in order to let caution prevail here.

The case of crypto trader should be much clearer

An investment of at least 250 euros should allow thousands of euros to be earned here. In order to underpin this, even completely openly false reports are spread. Thus allegedly G?nther Jauch or Wolfgang Lippert are to have themselves on the television verplappert. Supposedly you would have divulged the secret of their fortune there: A crypto trader system called BitcoinProfit. One looks for recording of this crypto trader review in vain, because they never took place. But of course, with this system you can earn a huge fortune within a very short time with only a small investment… the same old story.

How do you recognize an MLM-Scam? Old wine in new tubes…

At some point you get tired of listening to the same stories over and over again. The patterns repeat themselves constantly: There are horrendous profit promises through a unique investment. In reality, however, these profits are mainly generated by the members moving up. The MLM scammers have been using this pattern for centuries. Since Charles Ponzi in the early 20th century through the sale of so-called reply coupons, a kind of stamp substitute that bounced investors for their money, only the cover story has changed. Whether the profits are generated by trading as with the Centauri, whether they are generated by mortgage business as with the former Questra snowball system or by clicking on advertisements as with the Ponzis Myadvertisingpays or Trafficmonsoon, which became popular at the end of 2016: After all, it’s always the same old wine in new tubes.

The crypto industry and its hype in 2017 came just at the right time for these fraudsters. Since digital currencies were still relatively unknown, but stories about the existence of Bitcoin millionaires spread, many criminals probably sensed a new scam. Mining, for example, is still being called a lucrative way to earn money in many places today – even though only large companies are actually making profits with it.

Conclusion: Do Your Own Research
Undoubtedly not all structural sales and affiliate models are bad. However, it is important to check how transparent the advertised product is and whether it is sustainable even without the growth by new investors. Red flags should therefore be used if the profit promises sound too unbelievable to be true, if the company does not really operate transparently or if the product would be uninteresting without dissemination through recommendation marketing.

So the next time someone, even if he is from his own circle of friends, promises horrendous profits through a one-time investment, skepticism is called for. Because if it sounds like a Ponzi, it is often also one.