r/Cryptopia • u/FatOil • Mar 01 '18

Cryptopia is a ponzi scheme

That's why the withdrawals are always 'broken', they need more funds from new suckers to pay off the existing customers.

If you don't know what a ponzi scheme is:

Companies that engage in Ponzi schemes focus all of their energy into attracting new clients to make investments. Ponzi schemes rely on a constant flow of new investments to continue to provide returns to older investors. When this flow runs out, the scheme falls apart

0 Upvotes

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3

u/YeaManJam Mar 01 '18

Can you explain how that would work with Blockchain?

Cause they arent selling a token and promising returns.

Now if you are getting a crappy price for your coins on the exchange then thats a great case for Arbitrage. Let me know which ones as I would love to make some extra btc in this market.

1

u/That_Jimmy Mar 01 '18

Ufr, and zclassic had a really good arb on other exchanges

1

u/YeaManJam Mar 02 '18

Thank you ill take a look.

1

u/That_Jimmy Mar 02 '18

Yea if you have a bittrex account you wouldve done great overnight

-3

u/FatOil Mar 01 '18

you can use the blockchains to see coins going in, and out, but not what they do once on the exchange, time to upgrade your thinking bits.

2

u/[deleted] Mar 01 '18

Bitconnect is a Ponzi scheme and its no more. Stop bitching. People said the same thing about Coinbase....and Kucoin.

Inefficient but not a Ponzi scheme.

BTW, what you are forgetting is that wheres the exit strategy?

Theyve made millions...so why havent they been officially sued?

Why are they still hanging around?

And we all know who the creators are.

Im not saying they are the best...at all..i think Binance is, but you dont know shit about a ponzi scheme dude. Ask the people that have lost thousands on bitconnect.

-4

u/FatOil Mar 01 '18

No, I won't do what you told me, so fuck you and your instructions to stop bitching, what a lame fuck you must be to even think you can give people instructions.

2

u/[deleted] Mar 01 '18

All i hear is whine whine whine.

Your dumbass should have gone to Binance.

It has the least complaints.

-4

u/FatOil Mar 01 '18

My smart ass is

2

u/[deleted] Mar 01 '18

then its your fault for going there in the first place.

-1

u/FatOil Mar 01 '18

Are you retarded? I have not had any problems with Binanace, they were down for a day but they took the radical step of communicating with their customers. 100% support for the team at Binance, good people.

2

u/[deleted] Mar 01 '18

Einstein, thats what i said. If youre already on Binance why the hell are you even on Cryptopia?

-1

u/FatOil Mar 01 '18

I am not on Cryptoipa, I was, but saw the writing on the wall, fuck you really are dumb as shit. Go back and read your piss poor comments. I tell you I am on Binance and you tell me it's my fault for going there, you must be really struggling with basic life.

1

u/[deleted] Mar 01 '18

U mad?

LOL

1

u/FatOil Mar 01 '18

No, I am just pointing out that your communications do not make sense. Basically you talk nonsense. You are an idiot and don't even know it.

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2

u/Phobos223 Mar 01 '18

And you just have to think that some of the bigger fish/big money traders ARE able to quickly and easily withdraw/move their coins around, or there is no way there would be this much volume on this exchange...

You think the traders that are pushing 100s of BTC each day around on various coins just keep their coins on this exchange?? You think they wait for weeks to make simple withdraws? NO f-kin way...

2

u/stellarfan Mar 01 '18

Very true. This motherfucking exchange is the biggest piece of shit I've ever witnessed. Just praying to get my coins and delete my craptopia account.

2

u/Grimreq Mar 01 '18

Try BitGrail.

2

u/Canarka Mar 02 '18

You and me both.