I came across an old acquaintance who I used to know in my former house, he sent me a whatsapp message and I was surprised. This is because, we were never that close, he is some one I know because I used to buy chicken from. He talks about changing his phone, lost my number  and how he got my number from his email, the moment I saw his messages I knew he was up to something. We have never established any relationship that will make him want to reach out to me after losing my number. But then I didn’t want to jump into conclusions, so I decided to listen to what he had to say. He came with this bitcoin mining site offer, where I invest my money on the site and earn daily 4% ROI and after two years my contract expires. 
![image.png](https://images.hive.blog/DQmdXbXbLxNrgEGr3TjepdXeDcAbfSodBLpBSrsCUEuvii5/image.png)
[source](https://grizzle.com/how-earn-bitcoin-guide/2/)
I decided to look for the smoothest and most friendly way to tell him I am not interested, because I have had my fair share of online bitcoin mining companies with enticing ROI that ended up becoming fake and scammed me and others. Their tactics are almost always the same. You invite people to invest and earn higher, you buy a virtual bitcoin mining machine, make 4% ROI daily of your investment that means 120% monthly of your investment. Technically you will reason the risk to be a month worth risk, this means that after 30 days, you will make back your investment and the rest of the investment journey will be risk free to you. Most times, this trap usually end up catching newbies and gaulible crypto investors who fail to do their research before investing. They see the big figures and think they have seen and gotten a life changing opportunity. When you invest and survive the first month, as a greed human being that we all are, we tend to want to go bigger, so we put more, we get excited and we invite more of our friends. When the scammers get us where they want us, they shut the site down and disappear with the money. The site usually last three months or six months tops. 

Bitcoin mining with bitcoin mining machine doesn’t give 4% daily ROI, it gives less than 20% APY, that is annually, of your investment in buying the bitcoin machine and the cost of maintaining the machine. So if you are investing on an online virtual bitcoin machine how are they making daily 4% interest. If it were that easy to make daily 4% investment on mining bitcoin, they won’t need your money or need you to refer a friend to earn more. I tried explaining this too this acquaintance but I was sounding like a hater who was trying to discourage him because I wasn’t interested. But then I had to let experience be the best teacher to him. Experience taught me better and I know better now. Ever since I started my own investment and focused on building myself, I have never regretted my choices. 

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