HYIP - High Yeild Investment Programs - What Are They?

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Well i have just spent the last 24 hours reading about HYIPs - High yield investment programs.

Why did i spend all this time reading about HYIPs you may ask?

Because last night i invested into one.. without doing any research at all.

In fact.. being so excited i actually wrote this post here on steemit:

I was actually half way through creating a system to share mining rewards with investors.. exactly like this system.

Or so i thought.

But something i have come to find out.. is these high yield investment programs are generally ponzi schemes.

They take money from one investor.. pay profits to the next investor.. and eventually run away with all the money.

In general.. even risky loans or investments can only pay a return of around 20-24% per year return on investment.

These HYIP sites are offering compounded daily interest.. up to 10%.

Ever heard that old saying.. if it sounds too good to be true.. it probably isn't.

I came across this website.. a toplist of HYIPs along with reviews etc:

This website lists all the different hyips.. along with payout information etc.

So Bit Haul is not the first website to do this.. as i thought.

I did not realize there are literally hundreds of copy cat websites offering the same thing.

Now i understand these CAN and DO pay out.. to start out with.

But once the operator is ready.. away he goes with everyone's money.

I have also heard many people invest into these early.. in the hopes of cashing out before they close.

It's certainly possible.. but its a scum bag move. Your just taking money out of other people's pockets..

So i just thought i would share my research with everyone.. be sure to do your research before you invest into anything.

Here is some more information on HYIPS: