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Post by explorep2p on Feb 22, 2018 22:02:20 GMT
Hello Forum It recently came to attention that there is a P2P site advertising on Facebook currently that in our view is extremely suspicious. The website looks extremely slick and similar to other P2P sites. We won't name the site to avoid giving it potential extra traffic. It is offering to accept deposits via credit card, 30% returns with buybacks, subordinated loans to 'bitcoin mining businesses', and it's own on-site crypto-currency. That's only some of the red flags, we listed some of the others here: Fake/scam P2P sites - 10 things to look out for Note: We've asked the regulators in the local jurisdiction to investigate. |
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Post by buttchopf23 on Feb 23, 2018 17:44:18 GMT
I am aware of this site in question and told them they look scammy. I did not hear back so far from them, I really have lots of questions.
One of my sources is convinced that at lest one project of them is legit though. Hopefully I can get more info.
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Post by Jonas Hendrickx on Mar 8, 2018 7:21:00 GMT
Does Bondora count? Their sponsored posts on Facebook don't seem to match reality.
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317 
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Post by JamesFrance on Mar 8, 2018 9:45:42 GMT
Well Bondora certainly have a different way of defining ROI and profit. Starting high and dropping steadily ever after. It seems to impress newbies who are totally confused by info overload.
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Post by nesako on Mar 9, 2018 10:45:03 GMT
I am exposed to crypto, so I am aware of some recent P2P crypto ICO's with potentially massive returns. If you do want to get a piece of potential mining profits, it is better to directly invest in mining projects (returns often are quoted in excess of 100% a year), but mining may only be profitable for another year or two, plus it is relying on Ether and Bitcoin prices to stay above 400 USD / 8000 USD threshold to remain profitable. In a case of a complete crypto crash, you could easily lose 90% of your money in a matter of days. That is why I only have my "beer" money there, nobody should be putting more money than what they would be fine to lose in a night in Vegas... in case of Crypto P2P, it is not investing, it is pure gambling  |
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locutus
Member of DD Central
Posts: 1,059
Likes: 1,622
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Post by locutus on Mar 9, 2018 11:40:59 GMT
I am exposed to crypto, so I am aware of some recent P2P crypto ICO's with potentially massive returns. If you do want to get a piece of potential mining profits, it is better to directly invest in mining projects (returns often are quoted in excess of 100% a year), but mining may only be profitable for another year or two, plus it is relying on Ether and Bitcoin prices to stay above 400 USD / 8000 USD threshold to remain profitable. In a case of a complete crypto crash, you could easily lose 90% of your money in a matter of days. That is why I only have my "beer" money there, nobody should be putting more money than what they would be fine to lose in a night in Vegas... in case of Crypto P2P, it is not investing, it is pure gambling What's a P2P crypto? I thought the whole point of money is that it's supposed to be fungible so don't understand specialist cryptos.
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Post by nesako on Mar 9, 2018 13:42:42 GMT
I am exposed to crypto, so I am aware of some recent P2P crypto ICO's with potentially massive returns. If you do want to get a piece of potential mining profits, it is better to directly invest in mining projects (returns often are quoted in excess of 100% a year), but mining may only be profitable for another year or two, plus it is relying on Ether and Bitcoin prices to stay above 400 USD / 8000 USD threshold to remain profitable. In a case of a complete crypto crash, you could easily lose 90% of your money in a matter of days. That is why I only have my "beer" money there, nobody should be putting more money than what they would be fine to lose in a night in Vegas... in case of Crypto P2P, it is not investing, it is pure gambling What's a P2P crypto? I thought the whole point of money is that it's supposed to be fungible so don't understand specialist cryptos. Not going in too much depth (since new variations of this seem to be coming out all the time these days), normally you buy what is equivalent to company shares (called "tokens") using either real money or another crypto (which at some point you bought with "real" money). This raised money is then used to lend to other companies who then pay equivalent to "dividends" which are then distributed automatically proportionally to all "token holders". To raise capital for the startup in a "normal" way requires jumping through many hoops, but raising money via so-called ICO's (Initial Coin Offerings), is way easier and regulations are lagging behind...
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Post by patright on May 3, 2018 15:11:12 GMT
Hi
Do you have exemple of such site/business?
thanks for your time
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Post by southseacompany on May 4, 2018 2:26:17 GMT
Do you have exemple of such site/business? Assuming you were asking about P2P cryptos, here's a few examples: There's more of them, but I bet you can spot a pattern already.
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