You are welcome. I figure that Steemit may be attracting new users to bitcoin, so they need to see this. So I figured I'd post a few of these. All Bitcoiners need to be aware of the scams anyways.
As for the MLM, I stay away. This Onecoin crap, and even though I signed up for FutureNet, I don't promote it. I feel like most digital currency that has an actual use does not need MLM to grow. I know some Onecoin people well, and I like them, but I feel they are being ripped off.
Same goes for cloud mining. I don't get why these guys don't get that there is so much risk. They could just as easily buy, hold long term, and trade. That also has risk , but much less.
I think it's going to be a big part of the growing cycle, and eventually as digital currency gets a lot bigger hopefully, people are more educated.
But I also always say, to each his own, it's your money. Good Luck. I won't promote that crap though.
There are too many good investments like: Bitcoin, Ethereum, STEEM, Factom, Counterparty, Lisk, WAVES, The DAO (which did flop but will be back!), Digix DAO, the list goes on.
I hope that people read these warnings and have these conversations if they are new to crypto.
You have great insight!!! Well a lot of this is all new to me. I dropped interest from crypto currency back in 2010 and what I knew then has nothing to do with now. So when I started seeing these MLM's I thought it was beneficial until I started talking to people and learning that its just a big skeem. So now I'm just into trading for long term growth. Thanks for the info again.
Thanks, I am trying to post more things like that on here. I find all of this so interesting. I see why people go for MLM. I mean it's in other social media sites everywhere for tons of products. But I hope more people understand that digital currency and blockchain do not need MLM to grow. There's already a market that naturally grows.
I hope more of these crap sites gets ousted. Thanks for the info. what do u think about all the MLM coins out there?
https://steemit.com/bitcoin/@bjones/cryptocurrency-mlm-good-idea-or-bad-idea
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You are welcome. I figure that Steemit may be attracting new users to bitcoin, so they need to see this. So I figured I'd post a few of these. All Bitcoiners need to be aware of the scams anyways.
As for the MLM, I stay away. This Onecoin crap, and even though I signed up for FutureNet, I don't promote it. I feel like most digital currency that has an actual use does not need MLM to grow. I know some Onecoin people well, and I like them, but I feel they are being ripped off.
Same goes for cloud mining. I don't get why these guys don't get that there is so much risk. They could just as easily buy, hold long term, and trade. That also has risk , but much less.
I think it's going to be a big part of the growing cycle, and eventually as digital currency gets a lot bigger hopefully, people are more educated.
But I also always say, to each his own, it's your money. Good Luck. I won't promote that crap though.
There are too many good investments like: Bitcoin, Ethereum, STEEM, Factom, Counterparty, Lisk, WAVES, The DAO (which did flop but will be back!), Digix DAO, the list goes on.
I hope that people read these warnings and have these conversations if they are new to crypto.
What about you? MLM supporter?
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You have great insight!!! Well a lot of this is all new to me. I dropped interest from crypto currency back in 2010 and what I knew then has nothing to do with now. So when I started seeing these MLM's I thought it was beneficial until I started talking to people and learning that its just a big skeem. So now I'm just into trading for long term growth. Thanks for the info again.
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Thanks, I am trying to post more things like that on here. I find all of this so interesting. I see why people go for MLM. I mean it's in other social media sites everywhere for tons of products. But I hope more people understand that digital currency and blockchain do not need MLM to grow. There's already a market that naturally grows.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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