Author Topic: PSA: Don't swipe recklessly for others (Read 1203803 times)

S209 · « **Reply #2320 on:** February 24, 2019, 09:34:49 AM »

Quote from: AussieMan on February 24, 2019, 09:28:09 AM

Were all these points a significant % of the market?
Will the value of points rise if supply goes down if people stop swiping like this?

Quote from: Dan on February 24, 2019, 09:30:57 AM

I guess now we know why points got so cheap.

You’re joking, right? This is such a puny insignificant % of the market... there are billions of dollars being swiped annually in the frum community

aygart · « **Reply #2321 on:** February 24, 2019, 09:40:58 AM »

Quote from: JACKBLUE on February 23, 2019, 08:59:52 PM

they took from a bunch of people they knew what they’re doing!

They risked the credit of others and took the profits for themselves? Am I understanding that correctly? "they" don't sound very much like victims if they were taking from others. They sound more like scammers.

12HRS · « **Reply #2322 on:** February 24, 2019, 09:48:05 AM »

Quote from: S209 on February 24, 2019, 09:34:49 AM

You’re joking, right? This is such a puny insignificant % of the market... there are billions of dollars being swiped annually in the frum community

what % of those are selling at 1.25?

aygart · « **Reply #2323 on:** February 24, 2019, 09:55:45 AM »

Quote from: S209 on February 24, 2019, 09:34:49 AM

You’re joking, right? This is such a puny insignificant % of the market... there are billions of dollars being swiped annually in the frum community

Check your math. If they were getting a million points every few weeks for 10 million a year and was being done by 10 people that is already 10% of a billion points. Were there only ten people doing this? Does it need to be 10% to affect the market? Is your "billions" number accurate? What percent of those are actually sold?

PSA · « **Reply #2324 on:** February 24, 2019, 10:00:09 AM »

Quote from: S209 on February 24, 2019, 09:34:49 AM

You’re joking, right? This is such a puny insignificant % of the market... there are billions of dollars being swiped annually in the frum community

I wouldn't say that so fast. S**** alone was circling close to half a billion dollars the last 2-3 years. That's a heck alot of points before the 1.5k, 5x etc.
And this doesn't include all the other businesses that do this

aygart · « **Reply #2325 on:** February 24, 2019, 10:07:44 AM »

Quote from: Don Will on February 24, 2019, 09:27:50 AM

Ever hear of the expression " don't knock a man while he's down"?
None of the victims need to hear your vitriol right now. If you have nothing constructive to say, then just shut up and say nothing.

How will they learn their lesson if they are only victims and do not share blame for the mess they got themselves into? That they should have been more responsible does not absolve the scammers, but that they were victims of a scam does not absolve them from digging deep into how they got there. Not only the irresponsibility of what they did, but also the underlying attitudes that led them to fall in. Of course, the scammer who took advantage of them is millions of times worse.

knowitall · « **Reply #2326 on:** February 24, 2019, 10:13:03 AM »

Quote from: aygart on February 24, 2019, 10:07:44 AM

How will they learn their lesson if they are only victims and do not share blame for the mess they got themselves into? That they should have been more responsible does not absolve the scammers, but that they were victims of a scam does not absolve them from digging deep into how they got there. Not only the irresponsibility of what they did, but also the underlying attitudes that led them to fall in. Of course, the scammer who took advantage of them is millions of times worse.

-1
anyone out $100k has learnt their lesson, they don’t need our musar

Don Will · « **Reply #2327 on:** February 24, 2019, 10:13:16 AM »

Quote from: aygart on February 24, 2019, 10:07:44 AM

How will they learn their lesson if they are only victims and do not share blame for the mess they got themselves into? That they should have been more responsible does not absolve the scammers, but that they were victims of a scam does not absolve them from digging deep into how they got there. Not only the irresponsibility of what they did, but also the underlying attitudes that led them to fall in. Of course, the scammer who took advantage of them is millions of times worse.

There is a time and a place for everything.
You think the victims haven't heard this already many times over, or even come to this realization themselves? I'm sure they all did. Everyone here complaining that they want a first hand story. Some guy came out and posted. You think he/she came here to post to get bashed by a bunch of more people.
Maybe now you know why people aren't coming out with their story.

aygart · « **Reply #2328 on:** February 24, 2019, 10:15:10 AM »

Quote from: knowitall on February 24, 2019, 10:13:03 AM

-1
anyone out $100k has learnt their lesson, they don’t need our musar

If you think so you only need to look over how people become victims over and over again with it always being the other guy's fault.

aygart · « **Reply #2329 on:** February 24, 2019, 10:17:54 AM »

Quote from: Don Will on February 24, 2019, 10:13:16 AM

There is a time and a place for everything.
You think the victims haven't heard this already many times over, or even come to this realization themselves? I'm sure they all did. Everyone here complaining that they want a first hand story. Some guy came out and posted. You think he/she came here to post to get bashed by a bunch of more people.
Maybe now you know why people aren't coming out with their story.

I am not so sure that they came to the correct realization themselves. If they take out of this to be more careful then they missed the boat. They need to get to the real deep underlying issue of expecting free money.

churnbabychurn · « **Reply #2330 on:** February 24, 2019, 10:21:24 AM »

Quote from: PSA on February 24, 2019, 10:00:09 AM

I wouldn't say that so fast. S**** alone was circling close to half a billion dollars the last 2-3 years. That's a heck alot of points before the 1.5k, 5x etc.
And this doesn't include all the other businesses that do this

Circulating a half a billion for what? He must of had a very very big business if those were his CF needs.
Or maybe his business *was* circulating cash..

knowitall · « **Reply #2331 on:** February 24, 2019, 10:21:51 AM »

Quote from: aygart on February 24, 2019, 10:17:54 AM

I am not so sure that they came to the correct realization themselves. If they take out of this to be more careful then they missed the boat. They need to get to the real deep underlying issue of expecting free money.

Don’t we all “expect free money” when signing up for a new CC?

churnbabychurn · « **Reply #2332 on:** February 24, 2019, 10:23:18 AM »

Quote from: PSA on February 22, 2019, 02:20:05 PM

and the other is a real estate business which is also 10's of millions of dollars

Wait, someone was buying real estate with free cash?
If they were smart enough it could have been wildly successful... But I'm sure they were greedy.

Dan · « **Reply #2333 on:** February 24, 2019, 10:30:49 AM »

Quote from: S209 on February 24, 2019, 09:34:49 AM

You’re joking, right? This is such a puny insignificant % of the market... there are billions of dollars being swiped annually in the frum community

I've spoken to millionaires and billionaires with big time companies on my last several seminars. They aren't the ones selling points and flooding the market.

shapsam · « **Reply #2334 on:** February 24, 2019, 10:34:33 AM »

Quote from: Dan on February 24, 2019, 10:30:49 AM

I've spoken to millionaires and billionaires with big time companies on my last several seminars. They aren't the ones selling points and flooding the market.

What do they do with their points, redeem for ¢1?

Dan · « **Reply #2335 on:** February 24, 2019, 10:39:37 AM »

Quote from: shapsam on February 24, 2019, 10:34:33 AM

What do they do with their points, redeem for ¢1?

That's better than a lot of them do, but they gain the most from the seminars as they learn to optimize their rewards. Of which they have a ton.

lubaby · « **Reply #2336 on:** February 24, 2019, 10:41:17 AM »

Quote from: shapsam on February 24, 2019, 10:34:33 AM

What do they do with their points, redeem for ¢1?

Amex only gives .06 as statement credit.

I’ve spoken to a few business owners who gladly take advantage of Business Centurion travel 50% off/back. For people / businesses in that category (travel a lot or have employees travel), it’s not worth selling..

AussieMan · « **Reply #2337 on:** February 24, 2019, 10:53:41 AM »

Quote from: S209 on February 24, 2019, 09:34:49 AM

You’re joking, right? This is such a puny insignificant % of the market... there are billions of dollars being swiped annually in the frum community

Honestly, I was half kidding when I posted that.
But @Dan and others siding with me, now I think I may have had a point.

lubaby · « **Reply #2338 on:** February 24, 2019, 10:56:51 AM »

Quote from: JACKBLUE on February 23, 2019, 08:59:52 PM

they took from a bunch of people they knew what they’re doing!

The farmers?

aygart · « **Reply #2339 on:** February 24, 2019, 10:57:35 AM »

Quote from: knowitall on February 24, 2019, 10:21:51 AM

Don’t we all “expect free money” when signing up for a new CC?

It is the difference between someone who puts some riskable money into penny stocks and someone who risks everything.

Topic Wiki

Author Topic: PSA: Don't swipe recklessly for others (Read 1203803 times)