Quote:
Originally Posted by swd805
Look around the marketplace and the scam to non-scam ratio. These staking forums wouldnt exist if backing wasnt profitable. Sure theres some risk but most backers are able to be profitable because scams dont happen all that often and most of the time you can find out if someone is trustworthy before doing business.
You are not making a very convincing argument. The scam to non-scam ratio? Are you kidding me? People are sending thousands of dollars to people they have never met. They are relying on other people whom they have never met to "vouch" for others whom they have not met in person. Yeah, that sounds like a reliable system to me. (Can you sense the sarcasm here?)
Oh yeah, almost forgot...this is a backer who is too broke to back his horses. So he borrows money from others to do the backing. And this sounds like a great investment?
Like I said....if someone is naive enough to invest this way....they deserve some of the blame themselves. BTW his repayment plan sounds promising...