Author Topic: PSA: Don't swipe recklessly for others  (Read 208689 times)

Offline Yowzy

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Re: PSA: Don't swipe recklessly for others
« Reply #1935 on: February 10, 2019, 08:28:07 PM »
So like a Ponzi scheme ?
Or are you that swiper ?
And if these “businesses” are not stopped the pile of victims will continue to grow.

Asking Dan to delete this thread so that these ponzi schemers can find more victims so that previous victims can maybe get a little money back is sick.

Just for reference;
https://en.wikipedia.org/wiki/Bank_run

Offline Chief Rabbi of New York

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Re: PSA: Don't swipe recklessly for others
« Reply #1936 on: February 10, 2019, 08:31:24 PM »
I never said he should delete the post. I’m just offering another prespective. The goal of every business is to eventually get a good bank loan at low interest, however early on, some may need to be more creative. Hence the cc swiping, some could be swiping for 2.2% per swipe which, assuming a full billing cycle of approx 7 weeks he is paying approx 16% apr on his money, a fraction more than an average amazon loan for example. His other option would be to go to loan sharks or this companies that offer loans starting at 25% apr.
All I’m saying is, assuming he does have a secure business model and he is profitable, and let’s say all the money has been used to purchase inventory that would take him 4 months to sell through. If he is all of a sudden stuck with a massive amount of credit cards to pay off without being able to continue “churning” then it damages everyone.

Ponzi scheme all over it
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Offline Dan

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Re: PSA: Don't swipe recklessly for others
« Reply #1937 on: February 10, 2019, 08:34:54 PM »
@Dan anyone email you an actual story yet about them getting scammed from this
Nobody wants to give details. Seems like they're all being told they can't talk.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline Yowzy

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Offline Z56

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Re: PSA: Don't swipe recklessly for others
« Reply #1939 on: February 10, 2019, 08:38:32 PM »
Nobody wants to give details. Seems like they're all being told they can't talk.

I can give you all details

PM me
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Offline Dan

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Re: PSA: Don't swipe recklessly for others
« Reply #1940 on: February 10, 2019, 08:40:44 PM »
Feel free to send your story to Dan at DansDeals.com.
If you want parts redacted, please specify which parts.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline Menachem613

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Re: PSA: Don't swipe recklessly for others
« Reply #1941 on: February 10, 2019, 08:41:25 PM »
If everyone sold their shares at Amazon they would also collapse.

Wouldn’t there need to be a buyer on the other side?

Offline Yowzy

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Re: PSA: Don't swipe recklessly for others
« Reply #1942 on: February 10, 2019, 08:42:48 PM »
Wouldn’t there need to be a buyer on the other side?

Fair enough. I’m just trying to prove a point. Any legit business could collapse if all investors withdrew their money.

Offline Chief Rabbi of New York

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Re: PSA: Don't swipe recklessly for others
« Reply #1943 on: February 10, 2019, 08:44:50 PM »
Fair enough. I’m just trying to prove a point. Any legit business could collapse if all investors withdrew their money.

Are you related to the scammer ? Or have money invested with them
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Offline gingyguy

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Re: PSA: Don't swipe recklessly for others
« Reply #1944 on: February 10, 2019, 08:45:38 PM »
Feel free to send your story to Dan@DansDeals.com.
If you want parts redacted, please specify which parts.
FTFY
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Offline Yowzy

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Re: PSA: Don't swipe recklessly for others
« Reply #1945 on: February 10, 2019, 08:50:20 PM »
Are you related to the scammer ? Or have money invested with them
No and no. I know ppl that did invest with one of the “scammers” and my heart bleeds for them.
I simply run a small business and I am genuinely afraid that scaring people in a very public way could backfire and cause much more damage.


Offline gingyguy

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Re: PSA: Don't swipe recklessly for others
« Reply #1946 on: February 10, 2019, 08:54:58 PM »
No and no. I know ppl that did invest with one of the “scammers” and my heart bleeds for them.
I simply run a small business and I am genuinely happy that scaring people in a very public way could succeed and save so many peoples life savings.
FTFY
« Last Edit: February 10, 2019, 08:58:16 PM by gingyguy »
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Offline SearchGuy

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Re: PSA: Don't swipe recklessly for others
« Reply #1947 on: February 10, 2019, 09:15:43 PM »
Another company screwed people close to 12-20M+ Story is slowly getting released

Please don’t PM me for details, I will not reply to any related questions.
Can you at least explain why it's a secret unlike other events?

Offline ludmila

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Re: PSA: Don't swipe recklessly for others
« Reply #1948 on: February 10, 2019, 09:23:49 PM »
It’s actually not that absurd, all the rumors and fear mongering causes a so called “run on the bank”.
The “swiper” may have a legit business model, however if everyone stops swiping at once it would all collapse.
The “swiper” may have a legit business model, however if everyone stops swiping at once it would all collapse.
The exact definition of a ponzi scheme.
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Offline S209

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Re: PSA: Don't swipe recklessly for others
« Reply #1949 on: February 10, 2019, 09:27:33 PM »
The “swiper” may have a legit business model, however if everyone stops swiping at once it would all collapse.
The exact definition of a ponzi scheme.
Actually, tbh, he does seem to be making a fair point that would make sense if these people were actually legit.

Alas, they’re not.
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