Who doesn't want to make some bucks, at least it could help reduce some financial burdens. Living in a world where need is on a continuous rise has been daring and challenging. Every mistake is an opportunity whether done ethically or unethically, and I must say many have chosen to leverage on others unethically. As unsupportive as I can be, it's true that you and I can't stop them.
When people just hear about means of increasing their income, there is always a high attention. Ninety percent of this means always ends up being a hyped trap.
A friend of mine just discussed with me about what he recently went through. Having to lose lots of money to a platform he so much depended and entrusted so much funds to in the name of investing. Platforms that promise more than a hundred person ROI (returns on investment) within a week are already a red flag. According to him, you buy products from the platform (more like investing in a product) and reaping the reward after it is sold. He made some cool bucks I must say but he never realized he was being baited. You know, when you punch your calculator and discover how much you would make if you reinvested. I guess sometimes we need to stay away from our cakculator, it's a masterminer.
He didn't even reinvest his interest but added another huge capital to it, maybe he wanted to solve his problems once and for all. Now, his problem has increased when he lost 'all just for one', lols, hope I am not overplaying the tragic moment.
How hyped platforms work (deceit formula)
These platforms are created everyday. It's a big market for a set of unethical practicians. We have been victims of them before, but the difference is always on how huge the loss was. The fact that they pay at an early stage has always been the bait.
Deceit Formula Stage 1= Pay at early stage by putting money into the system
Stage 2= Collect from new members to pay old ones
Stage 3= Wait for more new members to join + plus reinvestment from old ones
Stage 4: Run with investors money
I have been a victim in my early days of investing and the four stages were always deployed on me. Hahaha, I did learn, just the hard way. When he started telling the story, I already knew how it would end, a landmine was waiting to explode.
Stage 4: When Liquidity goes Gaseous
We all know that feeling, shock and cold takes over your entire body when you log into the site and what you see is 'site not found' or checking your balance to observe everything has turned zero. Some just keep all your transactions pending which will never process. Yes, liquidity has gone gaseous, they've relocated or should I put speed into the statement, they've vanished. The truth is the liquidity that created the cash flow was you and members that joined either late or early. Nothing was done with the money to generate any ROI, they know or care nothing about investing in stocks, bonds or any technology they might have deceived you with. Just one thing in their mind, turning all the money in the platform(liquidity) to gas (run with investors money) at their convenient time. Smart investors must always know how liquidity is created in a system before they invest and this has been where a lot of us fail and become victims to fraudsters. Any platform that stagnates money soon will be gaseous, if they cannot reinvest to pay investors and make gains, they aim to steal it.
They Came Revisiting
Few weeks earlier another friend of mine decided to join me to a group without my knowledge, telling me how lucrative the platform is. In short, to even proof it was a hyped platform, it carried the same strategy and tactics like the recent one that just dubbed the other friend. Who knows, it might still be them coming back with another name or some other team trying to take advantage of the strategy. It's an unethical business and the world is full of both.
Just couldn't give him any advice because he seemed not to care for any. The only people I pity will be the late comers he will bring into the system before its crashes which will bring loss and also tarnish his image. As for me, I just left and blocked myself from such a group. I might not be too smart, but it will take more than this to currently scam me.
Will the Hyping Platforms end?
I think the right question to ask is, will man's problem end? Why do people get scammed? Greed, desire, lust and need plays a vital emotional role that has kept this market open and lucrative. While some risk little to help sustain their needs others will risk more to help expand their territories (here, greed plays a vital role). I have heard someone tell me he knows the platform he wishes to invest in is a hyped one but he will still invest and go out early. When it comes to man and money, daring seems inevitable. Looking at these scenarios, these platforms cannot go out of operation anytime soon. If you continue wishing to test dangerous waters, always invest what you can afford to lose. I always tell people, no matter how good an investment is, don't invest everything, there is a reason it is called an investment opportunity.
As the hyped platforms continue to dense its presence into the online system, looking before leaping is of essence. It can save you from long term financial depression or instability as the case may be. Always ensure you can handle the loss and manage the greed; he reinvested old gains plus new capital hoping to surmount gains more than his wildest dream. What more can one say, he became the prey though he assumed he was the predator. Straying from financial intelligence can come at a cost which affects much if not all of your financial well being.