Do You Trust Online Investments?
By @acelawrites
@acelawrites (19272)
Philippines
September 30, 2017 7:18pm CST
My sister-in-law encouraged us to invest a little money in bitcoins. I do not know the group where she belonged, but I asked if it is not a scam.
There are ponzi schemes on the net, and it is better to be careful about it before joining. She said it is really legit as attested by known personalities in the net world.
In some sites, they pay in bitcoins but is is so hard to reach the minimum payout. What she introduced to us was the one where we will buy a so-called "package" then it will earn interest over a period of time.
Am still studying it, and if it is really legit, I might invest a little.
9 people like this
10 responses
@AkoPinay (11542)
• Philippines
1 Oct 17
I am into CryptoCurrency but I do not want to engage in that kind of biz.
CryptoCurrency is a GOOD INVESTMENT but I'd rather buy Bitcoin (from Coins.ph) and Altcoins (from Poloniex) and keep them in Trezor or Ledger Nano so I am the one controlling my funds. My only loss is if prices drop or if I misplaced my Hardware Wallet (Trezor/Ledger) just like holding USD on hand and exchanging it to peso when price goes higher. My money was trippled last year just buying/selling Altcoins. Imagine your profit if you bought Bitcoin 2 years ago the price was only $200 plus, the last time I bought Bitcoin it was $600 plus last year and it is predicted to reach $5,000 or more before end of this year. We are lucky because Philippines is a cryptocurrency-friendly country, we can buy small amounts i.e. P100 at Coins.ph thru 7-11 stores. Other countries do not support CryptoCurrency. 
3 people like this
@acelawrites (19272)
• Philippines
1 Oct 17
Thanks, my friend. My sister-in-law said it is USI. I don't know and still have to search about it. She said she earns at least 1 percent per day.
1 person likes this
@AkoPinay (11542)
• Philippines
1 Oct 17
@acelawrites most investment sites are only good in the beginning and end as scam. It's all up to you if you are willing to take the risk.
1 person likes this
@acelawrites (19272)
• Philippines
1 Oct 17
@AkoPinay that's what I am thinking too; it's just a come-on at first, then later they will run laughing away to the bank!
1 person likes this
@GardenGerty (160663)
• United States
1 Oct 17
I have invested in packages of other formats over the years and always have lost, gotten scammed etc. I would not do it.
3 people like this
@acelawrites (19272)
• Philippines
1 Oct 17
Oh I see! Thanks for sharing your experience.
2 people like this
@allen0187 (58582)
• Philippines
1 Oct 17
Good luck if you decide to invest in this one. I am always wary when approached with proposals such as this.
2 people like this
@allen0187 (58582)
• Philippines
1 Oct 17
@acelawrites when in doubt, do without.
1 person likes this
@acelawrites (19272)
• Philippines
1 Oct 17
I am also wary because I do not know if it is really legit.
2 people like this
@tech40 (23121)
• Philippines
1 Oct 17
@acelawrites Yeah I agree.. I have friend before, you invested 5k.. and she got nothing.. urgh! She is trying to refer me everyday for a month, and I keep on declining, then when the company got closed, and she didn't get anything.. I don't know what I should tell to her that time..
1 person likes this
@acelawrites (19272)
• Philippines
1 Oct 17
That's the danger in investing online!
2 people like this
@acelawrites (19272)
• Philippines
1 Oct 17
I only have little money, so I (we) am very careful not to lose anything from that hard-earned money.
2 people like this
@DianneN (247186)
• United States
1 Oct 17
@acelawrites I don't blame you. Just be very careful.
1 person likes this
@kobesbuddy (78882)
• East Tawas, Michigan
1 Oct 17
I would never invest a dime, in any online package, even if my relatives were doing it. Losing a little bit of money, isn't O.K. Losing a lot of money online, is even worse. I'd not invest in anything, that done over the Internet.
2 people like this
@acelawrites (19272)
• Philippines
1 Oct 17
It is one of the reasons why I am apprehensive in just investing. There are so many dangers of losing money online.
2 people like this
@kobesbuddy (78882)
• East Tawas, Michigan
1 Oct 17
@acelawrites In most cases, you would lose that money. Even if it's a small amount, that's not OK:(
1 person likes this
@acelawrites (19272)
• Philippines
1 Oct 17
@kobesbuddy Thanks, I am really getting the opinion of myLot friends.
1 person likes this
@laisbonita (183)
• Philippines
9 Oct 17
hello I just want to share this site and earn bitcoin for free and its called bitminer here is my link: hope you like it
1 person likes this
@SIMPLYD (90722)
• Philippines
10 Oct 17
@acelawrites Besides, money is money, it will be a big headache when we lose it something like that.
1 person likes this
@acelawrites (19272)
• Philippines
9 Oct 17
It is one of the reasons why I do not like to just jump into that bandwagon. I do not have much money to lose!
1 person likes this
@acelawrites (19272)
• Philippines
1 Oct 17
Good to know about it.I think I won't take the risk.
1 person likes this
@Hate2Iron (15727)
• Canada
1 Oct 17
I have heard of it... but that's about it. I leave all the investing to hubby.
2 people like this
@acelawrites (19272)
• Philippines
1 Oct 17
I am gathering experiences from friends; it is better than to lose my hard-earned money. Thanks.
1 person likes this
