Assalam-o-Alaikum! |
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Have you ever heard about ponzi schemes? |
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Ponzi schemes are similar to those doubtful offers in which you are promised extremely high returns on the money you invest very quickly. They start by getting an individual to invest then after that person starts making a profit they tell everyone how wonderful it was. Thus more people join in but a majority of them lose out.
It is as if a series of people are tricked into believing they would become wealthy but in actuality only the first ones succeed. It resembles a terrible game in which the show host is the only one who wins.
Have you been offered to invest in any of these schemes? |
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No! I have not yet been requested to participate in any of those schemes. However friends and family who fell up in them have told me stories. They always seem too good to be true making extravagant claims of easy money quickly.
I avoid anything that seems dubious and stick to more secure methods of investing or saving money such as building savings accounts. Simply put the chance of losing everything to a dubious deal is not worth it.
Do you know how to detect Ponzi schemes? |
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It is doubtful if they also offer you guaranteed riches or put pressure on you to join quickly. Moreover if they fail to provide transparent information regarding the investments made with your money or its intended use. I usually do my homework and follow to while avoiding those doubtful deals.
Do you think Steemit is a ponzi scheme? |
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Instead of spending money to generate more money like those doubtful schemes it is all about creating a community and receiving rewards for being involved.
I invite @sinthiyadisha @steemdoctor1 and @maryamnadeem to take participate in this contest
Thank you
https://steemit.com/hive-172186/@neelofar/achievement1-my-introduction-to-steemit
WRITER:
@neelofar from Pakistan
@neelofar from Pakistan
Thank you so much for mentioning it. I will absolutely try to participate in this contest. Best of luck and best wishes to you.
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Thank you dear for your kind words and precious time
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Upvoted. Thank You for sending some of your rewards to @null. It will make Steem stronger.
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Hello! @neelofar, thank you for sharing your experience and for clarifying these Ponzi schemes. It is crucial to spread awareness about these financial traps that promise quick, substantial returns but turn out to be unsustainable over time. I fully support your choice to opt for safer and more transparent investment methods. It’s always better to be cautious and do thorough research before committing to any form of investment. Thanks again for raising such an important topic and for your commitment to promoting greater financial awareness in the Steemit community!
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Thanks dear for your kind words and visit my blog. Promoting financial awareness is key. Research and caution are vital in avoiding Ponzi schemes.
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It sounds to me you are part of the Ponzi scheme!
You trick people and Steemit with what you write and your comments are fake and written within a few minutes after posting! You clearly did not read what I wrote.
@ibesso
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