Comments by "serafina costa" (@serafinacosta7118) on "The Dark Side of the Bitcoin Pharaoh | Cowboy Kings of Crypto" video.

  1. Poor and middle class folk are always the ones guilible for punishment. And this dude went right into the “flock of sheep” to “ sow and reap “. Brazilians are not as sharp when it comes to due diligence. This is not the first time folks fall for crypto scams or Ponzi schemes out here . And if you hear these pitchman give the dog and pony show , they are not that sophisticated either. They gain traction with these groups just because they “ speak their language “: Financial education is not thought out here , last of all, on these pockets.
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  2. So the “Brother “ became some “custodian “ of unsophisticated investors. These are the people , along their advisers , who do not trust banks. Not knowing banks are not places one invests money. Banks are meant to store money meant to be spent. And for a very few some, banks are O.P.M.s.
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  3. Brazilians do not grasp what actually is a Ponzi scheme. For them , any get rich quick scheme is a pyramid scheme. For America pens, at least the ones who understand thr baseline essentials , a pyramid scheme is a multi level marketing scheme. Like selling Amway Soap and toiletries. The money isn’t in soap. It is in moving up people in the chain by recruiting other. The profit is in “ selling the method “. What they see as a pyramid scheme is what we call Ponzi scheme , where you take money from an unsuspicious investor and pay him out with the proceeds garnered from other “investors “, without ever having invested the money. Ask anyone there who is Charlie Ponzi, or Bernie Madoff , no one will know who they are. And those aforementioned fleeced American and European Investors. It took a financial analyat with a degree of competence in Math to pick up on Bernie. Harry Markopoulos.
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  4. They are Born Again Brethen , yes it is safe to assume they follow their Grand Poobah Uncle Borso. Which is, if you think of, a tell tale of a sucker. If you are a Willy Nily follower of some political messiah , then you are a mark for a con men.
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  5.  @thatbrazilianchap  Voto de Cabresto or Political Clientelism. Nothing wrong with faith , but toeing the faith line is akin to a blind man leading another blind man into the cliff. Reminds me deceased Brothel Owner , Dennis Hof , from the Bunny Ranch in Nevada , used to gather his working girls over refreshments and party favors every Monday morning to go about topics that affected girls . How to make more money from John’s , financial planing. No sales pitch, just plain basics of investing. These faiths don’t promote free thinking and self reliance to make people to think for themselves. Being part of a closed clique alone won’t get you there. Not long ago , there were these investment clubs made up of groups of elderly ladies who discussed stock pics over tea and cookies. I don’t see this amongst Brazilians .
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