Don’t even get me started on the number of times I have addressed this question within this week only. You’re probably reading this because you plan to use Royal Q but someone has assured you that it is a Ponzi. Having answered this question a couple of times myself, I am not sure who to blame for this mentality. Is it those who start the rumor or those who automatically believe it without conducting any research of their own?
Why are people quick to dismiss new crypto projects as scams?
Cryptocurrency is a relatively new concept and much of it is still in the experimental stage. New tools, coins, Blockchain platforms, and products are invented daily. It is impossible to keep up, let alone gather enough understanding of each of these products.
There is no denying that the Crypto sphere is very uncertain. It is easy to make a killing from Crypto but it is much easier to lose money in the Crypto sphere. People generally think that Crypto is too complicated for the normal person to comprehend. They, therefore, prefer to rely on other people’s research.
Instead of taking time to understand new products and services, people will often dismiss them as scams.
The saying “ignorance is bliss” does not apply in the Crypto sphere. Here knowledge is power, the more you know the smoother your experience.
The harsh Ponzi reality
Every year, thousands of people all over the world are lured into placing their money into the wrong hands. According to statistics, people lose millions of money to scammers each year. Scams are especially rampant in this digital age.
Scammers are getting smarter by the day thus it is harder to identify a scam today than it was ten years ago. Rarely will you be able to identify a scam upfront, they usually seem perfectly legit with testimonials and other marketing materials.
Ponzi schemes enrich previous investors at the expense of incoming investors. At first, everything is perfect, you get to live your financial fantasy of earning a lot with no input at all. In no time they start to complicate things and it becomes impossible to withdraw your money. Eventually, the scheme crashes, leaving the investors out of pocket.
Based on the above reasons, I understand why people are skeptical of Royal Q. I commend your effort in doing your research and reading this. Therefore, I will try to answer that question to the best of my ability.
Don’t ever think that you are immune to a Ponzi, even professional investors have fallen victim to them.
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What is ROYAL Q?
Is a software robot created to read and trade on the world’s largest EXCHANGERS… BINANCE or HUOBI EXCHANGE.
Royal Q is a relatively new product in the Crypto sphere; its popularity and user base are increasing exponentially. Interestingly, most people still haven’t heard of it and those who have, think that it is a scam.
So really, what is Royal Q and what is it not?
Royal Q is simply a robot that you pay for and in exchange, it conducts Cryptocurrency trades for you to optimize your profits. Currently, the bot is only compatible with Binance and Huobi exchanges.
It was created in China and is currently owned by a Chinese corporation.
It automates your Crypto experience and allows you to concentrate on other aspects of your life. It carefully analyzes the market and utilizes that information for maximum gains. You no longer have to spend your days and nights staring at candlesticks, the bot does that for you.
Not only does it save your time, but money as well because a bot is less likely to make a rush, emotional financial choice.
Here is what Royal Q is not
- A Ponzi
- A money doubling genie
- An online scam that can crash at any time
- An investment platform
- A marketing network
Evidence that Royal Q is not a Ponzi
1. There are no unsolicited approaches
I highly doubt that Royal Q has been bothering you with endless emails, phone calls, text messages, or messengers at your doorstep. Ponzi schemes are usually characterized by endless pestering. Royal Q is a legit product that is only gaining popularity because of its users.
2. The service providers are easily accessible
Most Ponzi schemes will bother you a lot but they will not allow you to call them back. This is not the case for Royal Q as they are very responsive to your needs.
3. Clear and simple operation
It is usually unclear how people make money from Ponzi schemes, you are simply asked to invite your friends and keep emptying your pocket. However, with Royal Q you know how the money is being made and you dictate how it is made too.
4. It is a product that you pay for
You pay for it through a $100 annual price, and its creators have ensured that you get the value for your money.
5. You are not pressured to make a quick decision
If you have ever been approached by a Ponzi, you probably understand the amount of pressure that they put you under. Not only do they make you feel obligated to give your money immediately, but also to suggest your family and friends who would be perfect for the scheme.
6. The bot does not collect or store your funds
The bot only informs you on when to sell or buy; you are fully in charge of your money. You don’t store any of the money with the bot, and Binance would never allow the bot to withdraw money without your consent.
7. Realistic risk to profit ratio
There is no promise to take you to the moon. Your profit correlates to your investment and the market trends. That’s how you know that something is legit when you have to exert yourself to rip the benefits.
Conclusion
Royal Q is not a scam. However, there are many scams out there and you should always be careful. Make a point to verify the credentials, don’t follow the crowd, block unsolicited contact and never feel obligated to commit to anything you don’t understand.
