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Is a ponzi scheme a domino effect? Incredible but true - a Ponzi scheme can be likened to a domino effect. Take care and only invest into projects you can trust. Always #DYOR 1. Early Investors Paid by New Investors: Early investors receive returns not from profit but from the investments of new participants. 2. Constant Need for New Investors: To maintain the appearance of profitability and continue paying returns, the scheme requires a continuous influx of new investors. 3. Inevitability of Collapse: When new investments slow down or stop, the scheme collapses because it can't fulfill the promised returns to earlier investors. 4. Chain Reaction of Losses: As soon as the inflow of new money stops, the lack of funds creates a domino effect where the scheme collapses rapidly, leading to significant losses for most participants. This chain reaction, similar to a falling line of dominos, highlights the unsustainable nature of Ponzi schemes and the inevitable downfall when the recruitment of new investors halts. #CryptoTradingGuide #MicroStrategy #ponzischeme
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Anybody news about $XRP ?
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Welcome to MEME-Mania Searching the "next big mouse" always means to look at opportunities available in the meme world. Market cap of meme coins is around $50,182,401,998 - nearly stagnating. But there have been ups and downs in the last 48 hours. Top gainers are newbies like $AAVE , $ZRO and $WLD #BinanceTournament #MicroStrategy #Top_Gainers
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WOW! 🤩 This might be a cool move for $DOGE The Dogecoin community awaits hints from Elon Musk about plans to integrate DOGE into the X-payments network. No question what that might mean for its development! Elon Musk earlier said he plans to launch a payments service in mid-2024. #musk #XPayments #CryptoTradingGuide
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Winning with $BTC Earlier this June, according to #Bloomberg large deals changed the Bitcoin mining landscape. Consequence: While the market is getting narrower, the run for high-end assets and market power is on. In my eyes, the whole market is the result of strategic long-term games with many side factors to consider. So, finally, #HODL and relax seems to make sense... $BTC
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