Hello everyone,
So, first of all I want to pinpoint the fact the I spent my last two years learning as much as possible about the crypto markets, or just markets in general and I am trying my best to avoid the general newbie pitfalls that comes within this industry. Today, I met the first real life scenario where I need my reasoning to avoid being scammed in the future.
My girlfriend got an offer from a "friend of a friend" about joining a project called PLC Ultima or PLC Ultima X or whatever. She was told all kinds of too good to be true information about 600% guaranteed return and return on all kinds of new recruits and whatnot.
She was invited by this friend of a friend to a hotel meeting, where even the "boss" of this guy was there, and they talked to her about this project for about 2 hours.
Since she has no experience related to crypto at all, she struggled to understand the concepts but all she understood was that these people managed to make a lots of money by joining, recruiting and investing in this project and she feels that there is indeed an opportunity in this situation.
Me, on the other hand I am almost 100% sure that this thing is too good to be true and after watching the LUNA,FTX,Celsius collapses in the last year I am highly skeptical about any projects besides the BTC,ETH and a few top20 altcoins.
My questions are:
- Do you have any info about this particular project? (PLC Ultima / PLC Ultima X)
- What happens if I invest let's say $1000 into this? They offer monthly guaranteed return on the investment. Will I be able to withdraw my funds after the "1 year locking period" expires?
- This guy and his boss even told my girlfriend that for the next meeting she should ask me to go with here, which I am planning to do, because I want to see in real life how something like this happens. What are the questions I should ask them in order to trap them into admitting that it's a scam?
- Is there any chance I am just too skeptical and if I convince my girlfriend to get out of this situation, she misses on possible good money?
Any info would be much appreciated. Thank you.
Edit: Please ignore my mistake in the title and replace the "Ponzi scheme" with SCAM. Apparently I don't understand the difference between certain types of scams but I don't think it really matters in this situation. Cheers!
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