To start things up, let's all first define HYIP shall we?
Google said that:
A high-yield investment program (HYIP) is a type of Ponzi scheme, an investment scam that promises an unsustainably high return on investment by paying previous investors with the money invested by new investors.
Many people especially investors with less experience are not aware of that kind of scheme, they just invest money on a promising site that convinced them with high return in a shortest possible time but in reality will most likely to be scammed.
Pros and Cons of HYIP sites
Pros:
- The shortest possible way of earning money, big or small.
- If you invest early you'll gonna milk plenty of money after the ROI.
- Earn without investing, with the help of the magical REFERRALS. Let others throw some money at your hands while doing absolutely nothing!
Cons:
- You may never know when an HYIP site will be dead while running away with your money in their pockets.
- Very risky! If you don't know what you're into then stop and go to a safer zone.
Risk taker? Get the most out of every HYIP sites
If you are one of the so-called Risk Taker, then I have some tips to share with you(and I also guess you already know it, if then, just pretend that you didn't).
When is the good time to invest in such HYIP site?
First is to check the running days of an HYIP site, if it's running within 0-5 days and there are proofs that it's paying, go and invest on that site and take full advantage of its high profits. For example, let us say you saw a newly launched site on its 2nd day that offers a daily profit of 10%(A common offer of a common scam site) and it turns out that this site is actually paying in that time. You invested 0.01 BTC in it and then somehow it runs for a total of 30 days before it becomes dead and not paying anymore, your total profit plus the initial investment is a total of 0.03 BTC, not bad because it tripled your money. One thing to remember is to do a personal research of that site before investing.
When is the bad time to invest on HYIP?
You should not invest when a site is running beyond 10 days because the more the site lives the higher the risk it gets.
Refer many people as many as you can!
The best and old trick of an HYIP is through referrals, why? It encourages people to join on their site so that many new investors invest on it to have a larger money to run. If they have enough money or the registering user are getting lower than before, their site will collapse. Referrals are the best thing to get free money(yes, there are free money) if you want to be safe from getting scammed.
With Great Active Referrals Comes Great Amount Of Money
Do HYIP sites are all but scammers?
Most of them are scammers, some of them are just listed as HYIP but actually was a sustainable site(I know one site that is living for almost 3 months and listed as the best HYIP out there and some say that it will live for many more months too). Just take this in mind that all HYIPs are risky if you don't know what you're doing then better to stop it right there before you regret it after. Many people still invest on it even though they are aware of HYIP because everyone has there own strategy to get extra money, risking what they have in order to have more than what they have(lol).
So to end this post, I would like to give you a piece of advice and a common one too;
That's all for today! Thanks for taking time to read my post and also don't forget to upvote, comment and resteem this so that many people get aware with this kind of scheme. Hanggang sa muli! (See you next time!)