Be careful of HYIP
A High Yield Investment Program, or HYIP, is a type of investment scheme normally offered via the Internet. HYIPs typically accept deposits as low as $1 while promising astoundingly high returns.
Online HYIP schemes rarely last for the long term. Overwhelming number of cases suggest that HYIPs are Ponzi schemes, in which new investors provide the cash to pay a profit to existing investors, which they typically then withdraw. This approach allows the scam to continue as long as new investors are found and/or old investors leave their money in the scheme, known as compounding (because even higher profits are promised).
I recently lost $6 to gold-portal.com. Be careful!
i was about to ask whats HYIP..good thing i saw this post...
bono
Rep Points: 150
Thanks for the warning. A workmate of mine is asking me to join one of those investment schemes, Good thing you warned us about that thank you again.
Not all HYIP programs are scam. You should be careful in choosing what HYIP program you would invest your money. A simple due dilligence would work wonder ways. Thanks for the reminder.
Treat HYIP as a game and not as a form of investment. It is similar to gambling which is a form of entertainment. In some cases you win, in some cases you lose. The bottom line is just spend what you can afford to lose.
I agree not all HYIP are scams. I put money in a HYIP, got paid and reinvested in it. I lost the money. What I should have done is pulled it out. If you put money in you just have to know when to pull it out.
I've done these before and made a little bit of money. I didn't invest bit so I didn't gain much. I'd be kind of leary about doing them now.
For your information. Never waste your time with hyip. I'm never trust any hyip at internet until today even i already play with them since 2 years ago. Looks like hyip program will be down according the e-gold news today.
So, if you think hyip will help you to gain some profit. Go ahead. But i don't want to waste my time at hyip anymore.
Its depends on the what type of HYIP we are choosing, because long term program are not much going to help for the development and the long term HYIP have some specifications and the tactics to be followed for the gain.
