Are Cyclers a Scam?

Discussion in 'General Advice' started by surfon, May 5, 2009.

  1. surfon

    surfon New Member

    I hope not cause I just joined one. It states that I will make $600. from an investment of $11 one time investment.I don't have any experience with these things so would appreciate any input.
  2. malibumentor

    malibumentor New Member

    Expect to lose your money. Somebody always loses
    with these things, because there is nothing of value in
    the transaction. If not you, it will be somebody else
    who loses.

    It's a lot like gambling really. if you like to gamble you
    know what you like - and you know what happens.

    Not a real business. These things are like chain letters.
  3. Newbie Shield

    Newbie Shield Gold Member

    Lol, is that the latest new term for pyramid scheme? Sounds fitting.

    If it is as Malibu says, I wouldn't touch it.

    ~Newbie Shield~
  4. cherie27

    cherie27 New Member

    There are no free lunch in this world. You pay $11 and get back $600 without doing anything. Then there are a lot of rich people around.
  5. John B

    John B New Member

    Some are, some are not. My recommendation: find a team of people that you can trust and listen to and participate in a few of their team calls (any good team should have weekly team calls). This way you can get a feel for the people on the team, and if they are really having success with the cycler or not.

    Good luck!
  6. getagrip

    getagrip Gold Member

    Its pretty unlikely - a lot of these "businesses" have wild claims like that, but frequently, the end result is that you wish you wouldn't have trusted them with your money.

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