Crypto888 Scam or Score Is crypto888 a scam? You will have heard a lot about crypto 888 in the past months, especially since they launched their own online digital currency Octacoin just 2 months ago. The mining of these coins have officially started. There are stories online calling the business a ponzi scheme, and a scam, mainly put out there by their rival cryptocurrency suppliers and other competitors, so let´s find out what the truth is, really dig deep into what the online sports gaming site is all about, and ask the question, Crypto888 Scam or Score? The first thing to understand is that you have to be invited to join the club. This is not very difficult as they now have nearly 70.000 members and growing with an average of 1000 members per day. So the first hurdle is overcome, and when you really think about it, 70.000 people can’t all be wrong at the same time right? Even if they managed to fool 70.000 people into signing up for a membership, why have they not left yet? Why do they stay in the crpto888 program? The answer to that one is actually fairly simple, they are in fact making money. Lots of money. Some of them have spent a lot of money on signing up for various accounts, and have brought with them a huge following of similar minded investors and business people, such as Nigel Alan, who previously was a large investor in OneCoin with a large number of followers, are in fact making a nice bit of money out of this members club. But not just the big guys are making money, it is the smaller members, who are also making a great return on their participation without really having to do anything! Of course, those that invest less, get less, as with anything, and that is only fair. You have to put money in, in order to multiply that money. But how are they making their money?
How does crypto888 make its money? When you join crypto888, the money you have invested in a membership gets converted to chips. These chips are used in online betting (by professional gamblers along with technologically advanced computer software predicting the odds of a bet). Each week, the profits of the betting done by these professional gamblers, gets divided over the amount of chips in the program; and the result will give you an amount per chip. Depending on the amount of chips you have in your account, you get your profits paid out in your account.
So far, the members have a proven track record of an average of more than 10% profit each week, so that´s a great return on their investment thus far. Great ?Even a lot beter than great. And this short term profit obviously makes the competition quite nervous.
So is crypto888 a scam? The answer is no, because unlike a ponzi scheme, or pyramid scheme, there is an actual product involved, and the money generated comes from the profits of online betting, sports arbitrage, stock investments, energy and real estate. In a scam you would pay money to get in, and other people get rich on those entry fees. That is clearly not the case here. When you pay, you buy chips which are used, to give you a positive return. But instead of each person individually doing something, it is the critical mass that matters. The difference is, with crypto888 you do it together, in a club, with a team of very professional people who make it their job to put your money only on the best investments, with the greatest odds and most profitable stocks. It is like going to the casino with 100 euro. What are the chances that you walk out with more than you walked in? In most cases these chances are slim. Or even non existing with the exception of one in a million …. But now imagine walking into the casino with a professional Gambler by your side, who will do all the hard work for you? Your chances have now increased tenfold, and the likelihood you walk out with more than you came in is very likely indeed.
So does Crypto888 lose money too? Of course, as with any investment you make, whether it be the stock market, a local business or even leaving it at the bank to gain interest, you can win, but you can certainly also lose. This is why the club does not put all their bets on one horse, that would be silly, and then indeed, it would be a scam. They put your money on a variety of good bets, some more dangerous than others, and unlike stocks on the stock market, you don’t have to wait for months to see a result, betting closes at the start of each week. Mondays at 12.00, they call it payday. Why? Well, so far the members have always enjoyed a 10% profit on their money, so happy faces all round! So why do I hear people speak about a ponzi scheme and a pyramid scheme when it comes to crypto888? To ensure the club grows fast and has many members in a short period of time, the club maintains an MLM system for all their members. So if you sign up, and then you invite your friends to sign up, you receive a commission on what they spend, and then you receive a weekly return on their investment, and lastly you receive a commission based on their winnings too. So if you have 5 friends signing up, and they too sign up 5 friends, your weekly returns have all of the sudden grown immensely.
This might look like a pyramid scheme, but it isn´t. In a pyramid scheme, you would be making a lot of money from the people below you, and the people under you would be making less money than you. This is not the case at Crypto888; in fact, the person below you might invite 10 friends and make more money than you. It all depends on how active each person engages. The more active you are, the more money you will make. The money you receive from introducing your friends, does not come out of your friends pocket, it is paid to you by part of the profits received each week through the online sports betting, so the only loser here is the guy betting against the professional gambler working for crypto888, he’s the one forking out all the cash, no one else! So you see, to the question, Scam or Score? The correct answer would most definitely be: Score! So far, not one person has admitted to having lost money from this program, and as indicated before, 70.000 members can´t all be wrong. So if you are passionate about investing money, don´t hesitate, and check out this members club. Apply for an invite, and you will be pleasantly surprised at the ease of making money online without having to do much for it!