I think many here have likely already watched Coffeezilla‘s recent video where he started exposing a $500M ponzi scheme that fooled many celebrities for their millions, if you have not I would very highly recommend doing so. But the video is not the main part of this post, instead the key point of that video.
Just as with many other times, also here people mostly invested because they heard success stories from their so-called friends and mainly because they get promised some delusive high gains. Delusive because we wall know that a business talking about 461000% gains can‘t be takes serious at all.
Sadly people once again fell for it and just as in Coffee‘s video shown and how it often also is in real-life, those people usually do not even know what the whole business is about and they have no clue as to how the company is possibly generating those massive gains to pay them out. For example, in Coffees video many have been talking about some kind of a mystery trading bot making those gains and some about so-called master trader, they all had no idea at all.
This is just all a big red flag and we all also made experience in that. May it be the big cashback promises, on that they swiftly had to scale back as soon as the bear market hit or the big yields on stablecoins like UST or lenders like Celsius. If you see anything that seem too good to be true, it very likely is not true.
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