Bruno Ferreira is a contributing writer for Tom's Hardware. He has decades of experience with PC hardware and assorted sundries, alongside a career as a developer. He's obsessed with detail and has a tendency to ramble on the topics he loves. When not doing that, he's usually playing games, or at live music shows and festivals. ","collapsible":{"enabled":true,"maxHeight":250,"readMoreText":"Read more","readLessText":"Read less"}}), "https://slice.vanilla.futurecdn.net/13-4-13/js/authorBio.js"); } else { console.error('%c FTE ','background: #9306F9; color: #ffffff','no lazy slice hydration function available'); } Bruno Ferreira Contributor Bruno Ferreira is a contributing writer for Tom's Hardware. He has decades of experience with PC hardware and assorted sundries, alongside a career as a developer. He's obsessed with detail and has a tendency to ramble on the topics he loves. When not doing that, he's usually playing games, or at live music shows and festivals.
Dementoss Schemes like this only work at all, not because of the greed of the scammer but, because of the greed of those people who can afford to invest in them heavily. Reply
-Fran- So… When are they getting a pardon? How much are those being sold for, again? Regards. Reply
derekullo Dementoss said: Schemes like this only work at all, not because of the greed of the scammer but, because of the greed of those people who can afford to invest in them heavily. Instead of blatantly saying don't be greedy. It is more important to point out how this could have been seen as a scam from the beginning. If someone is able to promise a 3% daily return without any risk then they don't need your money! 3% daily returns compounded over 30 days is 2.4x return ! Reply
TechieTwo 20 years without the possibility of parole is a good start but the perp must refund all funds received from victims or have a year added to his sentence for every person that doesn't receive a full refund. Reply
Dementoss derekullo said: Instead of blatantly saying don't be greedy. It is more important to point out how this could have been seen as a scam from the beginning. But, there's the point, the greed, the claim they can make a lot more money, can overcome rationality. Reply
Key considerations
- Investor positioning can change fast
- Volatility remains possible near catalysts
- Macro rates and liquidity can dominate flows
Reference reading
- https://www.tomshardware.com/tech-industry/cryptocurrency/SPONSORED_LINK_URL
- https://www.tomshardware.com/tech-industry/cryptocurrency/ponzi-schemer-who-promised-3-percent-in-daily-returns-on-bitcoin-investment-sentenced-to-20-years-in-federal-prison-usd201-million-scam-predictably-collapsed-leaving-investors-reeling#main
- https://www.tomshardware.com
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Informational only. No financial advice. Do your own research.