RACKSTERLI || A PONZI SCHEME || NEVER INVEST IN UNREALISTIC ROI
Racksterli was a ponzi scheme which portrayed as an investment platform and ran for about 8 months before crashing last week. During the time it was still functioning, there had been many of my friends telling me to give it a try and invest some money into it but there is one thing I have come to learn during the year 2020, not everything that pays is legit and not everything that pays is realistic.
Since 2020 during corona, I have experiences of different investment and business scams which I have been victim of. The reminder of the money and time lost in these investment platforms with unrealistic ROI has made me wise not to even think of trying out anything related.
Racketerli offered investments which ranged from $36 to $52000 offering ROI of 40% to 60% in a month. They noted they were involved in forex trading and real estate. Hearing this, raised a red flag for me. In my thoughts, I said "that the day when it would crash is nearby because it is very hard to imagine how one can make such profits in just a month to pay back to investors."
One thing about all these ponzi schemes is that they crashes when there are not enough new subscribers to keep the money circulating. Those who start early in these schemes are those who enjoy the benefits while those who comes in late ends up losing their money.
At this stage I have gotten to, I have removed my hands from any unrealistic investments or ponzi schemes and facing more focus growing my crypto portfolio. Of all investments moves I have ever done, crypto (Hive most especially) has been of great benefits. So why not focus on what that works for me then?
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