I know that for many of us this topic is already completely clear. Unfortunately, however, there are still an alarming number of people who get carried away with these systems - in the belief that they can make big money with crypto or forex trading.
We can probably agree that MLM businesses selling beauty products have already plummeted. Many have realized that they can no longer climb the pyramid because there are simply no more new members to recruit. But then came the big crypto boom of 2021 - and everything started all over again!
First of all: If you $BTC (+1,78%) , $ETH (+2,45%) etc., you don't need any special purchase recommendations, trading venues, sales partners, coaches, mentors, "uplines" or whatever the heck they're called. You can register with Coinbase, Bitpanda, Relai or other reputable providers (there are numerous independent reports on these).
I know there are often great predictions that - if you work with the "right partner" - you simply have to copy all the trades and then make a lot of profit. You'll supposedly get rich!
But that should set alarm bells ringing for everyone:
Nobody has a crystal ball and can time the market exactly!
If I was really that profitable, why would I make my trades available to the public for €50-100 a month - and thereby jeopardize my profitability?
What is also very popular: so-called ICOs, which are mainly sold in the crypto sector. A value is then suggested on a non-publicly traded site (+700% profit), but this cannot be paid out - instead there is a waiting period of 5-7 years.
Anyone can invent such nonsense, generate a fantasy value that does not exist in reality. Selling is simply not possible - but that doesn't matter because the "profit" is supposedly already there. You just have to wait... and ideally invest even more. And maybe bring in one or two more people to make even more profit. Can you see that for yourself?
Why are these systems legal, even though the product is supposed to be the main focus (which is complete nonsense), when it's purely about recruiting people - proven many times over!
It is and remains a fact that nobody wants to give you anything.
Yes, I know - the false promises of winnings can be tempting. But the following rule always applies:
If it's too lucrative, it usually has a bland aftertaste!
Keep your hands off it!
Invest passively instead - or simply buy your shares and co. from reputable providers where you can sell at any time - without 200 pages of terms and conditions. You also don't have to recruit all your family members.
Stay safe!
If you want, I can also go into the subject in greater depth.
