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Sunday, March 10, 2024 11:39:47 AM
What does consumer advice center say about pyramid schemes:
What is a pyramid scheme?
Pyramid systems are business models that require an ever-increasing number of participants in order to function. For these you get a "bounty", similar to a snowball rolling down the slope and growing steadily.
Profits for participants arise almost exclusively from recruiting new participants, who in turn invest money without receiving any service or product. Rapid spread brings money into the system like a flash in the pan. But you can also get out of this system just as quickly. The growth in new members cannot last long.
www.verbraucherzentrale.de/wissen/...allsystem-erkennen-13147
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According to this explanation, Bitcoin meets the pyramid scheme requirements!
Recent BTCUSD News
- China to ramp up brain chip program after teaching monkey to control robot • Cointelegraph • 07/07/2024 08:33:47 PM
- Bitcoin Appears Prime For A Rally In July, But Several Things Could Go Wrong For BTC — Here’s How • ZyCrypto • 07/07/2024 07:45:48 PM
- Bitcoin recovery fizzles, but SOL, DOT, NEAR and KAS could rally • Cointelegraph • 07/07/2024 07:30:00 PM
- 12-Year Dormant Bitcoin Address Suddenly Springs To Life As BTC Nosedives Under $58K • ZyCrypto • 07/07/2024 07:18:07 PM
- RCO Finance (RCOF) Shines Amidst Market Turmoil as BTC Crumbles Below $60,000, Opening the Door for Massive Altcoin Season • ZyCrypto • 07/07/2024 06:38:46 PM
- 5 bullish arguments that Bitcoin price just bottomed at $53K • Cointelegraph • 07/07/2024 06:25:16 PM
- Trader Predicts 400% Bitcoin Rally Following Correction, Says Short-Term BTC Pain Could Lead to Long-Term Gain • The Daily Hodl • 07/07/2024 06:21:16 PM
- Bitcoin Strikes A Chord At The Bottom, But Can It Clear This Major Resistance? • NEWSBTC • 07/07/2024 05:00:55 PM
- Judge dismisses coders’ DMCA claims against Microsoft, OpenAI and GitHub • Cointelegraph • 07/07/2024 04:53:45 PM
- US Voters Increasingly Focused on Crypto As 2024 Election Approaches: Grayscale • The Daily Hodl • 07/07/2024 02:30:58 PM
- Bitcoin traders hope bottom is in after BTC price bounces 9% from lows • Cointelegraph • 07/07/2024 01:49:01 PM
- $2.4 Billion Worth Of Bitcoin Exit The Network As Bear Market Bites • NEWSBTC • 07/07/2024 01:00:49 PM
- Paytiko: Transforming the Future of Online Payments • ChainWire • 07/07/2024 12:46:40 PM
- CryptoQuant CEO Says Bitcoin Bull Market Will Continue Until Next Year – Here’s His Price Target • The Daily Hodl • 07/07/2024 11:45:13 AM
- Taiwan central bank says no rush for CBDC launch • Cointelegraph • 07/07/2024 10:21:26 AM
- Analyst Hints Bitcoin Price Recovery Might Be Underway — Here’s Why • NEWSBTC • 07/07/2024 10:00:48 AM
- Ancient Bitcoin Whales Wake Up From Slumber To Move Over $58,000,000 in BTC After a Decade: On-Chain Data • The Daily Hodl • 07/07/2024 09:15:22 AM
- Bitcoin Critic Calls ‘Institutional Demand’ A Myth Following Recent Price Slump • NEWSBTC • 07/07/2024 07:29:27 AM
- Top Trader Warns of November 2018-Style Capitulation for Bitcoin After ‘Massive Range Breakdown’ • The Daily Hodl • 07/07/2024 07:04:26 AM
- North Carolina's CBDC ban bill vetoed by governor • Cointelegraph • 07/07/2024 04:16:42 AM
- Crypto Trader Says Blue-Chip Altcoin Could Nosedive by 45%, Updates Outlook on Bitcoin • The Daily Hodl • 07/07/2024 12:00:34 AM
- 0.1 BTC Might be Enough to Retire by 2038 • ZyCrypto • 07/06/2024 10:16:00 PM
- Bitcoin Woes Not Over? Analyst Predicts Further Crash To $47,000 • NEWSBTC • 07/06/2024 10:00:18 PM
- Bitcoin Could Skyrocket by Nearly 2x Before Hitting Cycle Top, Glassnode Co-Founders Say – Here’s Their Outlook • The Daily Hodl • 07/06/2024 08:00:12 PM
- Bitcoin mining difficulty hits lowest level since March as price tops $57K • Cointelegraph • 07/06/2024 07:26:19 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM