Author Topic: PSA: Don't swipe recklessly for others  (Read 256295 times)

Offline S209

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Re: PSA: Don't swipe recklessly for others
« Reply #2310 on: February 24, 2019, 12:03:02 AM »
Absolutely. Are you suggesting they were smart "investors"?
Sure. Earning 16-24% annually with no actual cash outlays and possible legal protections in the case of default? Heck, even credit card companies canít do as well as that.

Weíre already in JS, nothing you can do :)
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Offline bobthebuilder

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Re: PSA: Don't swipe recklessly for others
« Reply #2311 on: February 24, 2019, 12:13:04 AM »
@Dan, Why dont you post precautions on the main site?

Offline Yehuda25

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Re: PSA: Don't swipe recklessly for others
« Reply #2312 on: February 24, 2019, 12:58:55 AM »
@Dan, Why dont you post precautions on the main site?
too late.
ďTo avoid criticism say nothing, do nothing, be nothing.Ē


― Aristotle

Offline joey89

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Re: PSA: Don't swipe recklessly for others
« Reply #2313 on: February 24, 2019, 01:00:14 AM »
too late.
Not for the next guy.
People will forget in due time.

Offline knowitall

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Re: PSA: Don't swipe recklessly for others
« Reply #2314 on: February 24, 2019, 01:03:24 AM »
too late.
Oh donít worry. There will be more. Whether itís a cc farm, Ponzi, MLM, swipe for points, or some new scam, many in the frum community:
1) blindly trust anyone with peyos.
2) donít view cc swiping as lending (& think u can dispute anything)
3) are just plain naive

Offline yesitsme

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Re: PSA: Don't swipe recklessly for others
« Reply #2315 on: February 24, 2019, 01:05:00 AM »
and the other is a real estate business which is also 10's of millions of dollars
Joel Klein?

Offline Saver2000

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Re: PSA: Don't swipe recklessly for others
« Reply #2316 on: February 24, 2019, 02:12:31 AM »
15k worth of points every six weeks = $120k a year. Some were doing this over five years. Thatís over $500k profit...
Lol. It's cost money to live. Who said he had another job? He made $120k a year, and spent 120 a year. Chances are he isn't stashing 500k.

Offline Don Will

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Re: PSA: Don't swipe recklessly for others
« Reply #2317 on: February 24, 2019, 09:27:50 AM »
Absolutely. Are you suggesting they were smart "investors"?
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.

Offline AussieMan

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Re: PSA: Don't swipe recklessly for others
« Reply #2318 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?

Offline Dan

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Re: PSA: Don't swipe recklessly for others
« Reply #2319 on: February 24, 2019, 09:30:57 AM »
I guess now we know why points got so cheap.
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 S209

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Re: PSA: Don't swipe recklessly for others
« Reply #2320 on: February 24, 2019, 09:34:49 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?
I guess now we know why points got so cheap.
Youíre joking, right? This is such a puny insignificant % of the market... there are billions of dollars being swiped annually in the frum community
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Offline aygart

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Re: PSA: Don't swipe recklessly for others
« Reply #2321 on: February 24, 2019, 09:40:58 AM »
they took from a bunch of people they knew what theyíre 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.
You have the right to remain silent. Anything you say can and will be used to start a religious discussion.

Offline 12HRS

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Re: PSA: Don't swipe recklessly for others
« Reply #2322 on: February 24, 2019, 09:48:05 AM »
Youíre 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?

Offline aygart

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Re: PSA: Don't swipe recklessly for others
« Reply #2323 on: February 24, 2019, 09:55:45 AM »
Youíre 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?
You have the right to remain silent. Anything you say can and will be used to start a religious discussion.

Offline PSA

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Re: PSA: Don't swipe recklessly for others
« Reply #2324 on: February 24, 2019, 10:00:09 AM »
Youíre 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
« Last Edit: February 26, 2019, 03:42:58 PM by jj1000 »