Have you ever come across those daily 5% to 10% profit adds or those investments that promise to multiply your investment in a couple of days !! U may think its all fake , but these programmes are actually legit and they are called HYIP
HYIP STANDS FOR HIGH YIELD INVESTMENT PROGRAMMES :
In a HYIP , u basically invest a sum of money or bitcoin and the program assures you of impossible ROI .
HYIP functioning is simple . The program takes money from you and pays you as it promised for the 1st few months OR days OR HOURS. Then , the program induces you to referer or get affiliates to get more people in . The new investors money is paid to the old investors and when the new investors stop coming in the program admin closes camp and runs away with your hard earned money .
HOW TO SPOT AN HYIP SCAM ?
Ask yourself these questions .
- What is the scheme actually doing with your money ?
- Are the members not able to correctly explain the objectives of the organisation ?
- Is it promising too good of an ROI ?
after youve spotted an HYIP , if u still wanna invest and make money in it , consider these points
- HYIP LIFE .
The life of a HYIP is directly proportional to the ROI , the higher the return , the higher the risk and the faster the chances of the scheme turning ponzi . The rule of thumb is to get in early , make a reasonable profit and GET OUT !! . DO NOT LET GREED KILL YOU . The faster you get into a program , lets say 10 days since the program started and getting out lets says after 10 days will minimize risk . This doesnt mean that all HYIP that pay huge returns have to close shop .
- CHECKING THE DOMAIN AND SCHEME DETAILS .
Most of these schemes are in the UK. , for close to 20 pounds one can get a fake certificate and display it on the scheme webiste . One way to cross verify this is to check with the companies regulation . Another way to check is by checking the domain owner. Since most HYIP are usually scams they almost never ever reveal their details .
HYIP are a wonderful way to make money by taking huge risks . You can easily lose it all in these programmes. But with the correct amount of caution u can make a lot of money .
If u want to start with a HYIP , heres one ive found out just for u
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Take care and investigate before investing . Upvote and follow .