Paytrading.org

Federico Prado asked 4 weeks ago

Last updated on October 23rd, 2017 at 06:35 pm

There is a platform paytrading.org that offer a 40% monthly return. I’d like to know if you have heard about this before or not.

I’m planning to invest in there, but I’m afraid as I could be a Ponzi scheme. 

Steven Hay replied 4 weeks ago

Hey Marina,

Well, if you examine the history of Ponzi schemes, you’ll find that they can run for a surprisingly long time. If you look into the recent high-profile Ponzi scheme run by Bernie Madoff, it’s clear that it was running for around 8 years before it collapsed.

To take an example from the Bitcoin world, check out the Trendon Shavers aka pirateat40 Ponzi. Over the course of about one year, Shavers took in about 146,000 BTC (nearly $1 billion at the current valuation) with the promise of a ~7% weekly return on investment.

I maintain that a 40% monthly return is simply way too good to be true. On the site, I noticed promises of a 25% monthly return, which is also too good to be true. I would advise you to pull your money out today.

Please check out our guide which I linked as well as the SEC’s Ponzi info page:

https://www.sec.gov/fast-answers/answersponzihtm.html

Marina Bellows replied 4 weeks ago

I can say for sure that paytrading is not a scam because i have been investing with them for 5months now and they have paid everything properly. Steven Hay please always be sure before concluding.

1 Answers
Steven Hay answered 4 weeks ago

40% monthly returns? Without even looking at the site, I can tell you that it’s a Ponzi. There’s no legitimate way to guarantee such massive returns…
 
I looked at the site and that has lots of red flags too. I advise you to stay far away from this one, it’s almost certainly a scam!
 
Please check out our guide to spotting online scams: https://99bitcoins.com/bitcoin-scam-test/

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