There are so many ways to earn in cryptocurrency world - we can do lending, trading, staking, mining & etc. Even in scams site or the HYIP program, some were eaning in it, Just a month ago, I venture in HYIP and trying to figure out how to earn something in it. But most of it, I lose some amount of BTC. After doing 6 HYIP's, I decided to stop and leave it for good.
HYIP or High Yield-Interest Program, they are designed to look and run like an investment program that offers high returns on low investment capital. But this is high-risk programs since they are a Ponzi scheme and can be compared to sports betting more than any real investment program.
But despite the risk and downside, there are a lot of people can still turn profits and sometimes big profits with these programs with the proper research. There are no guarantees in the HYIP industry, only the site administrator knows when a program will end. The traditional HYIP involves making your deposit which cannot be gotten back and letting interest accrued daily or hourly until the program or your plan is over. Most programs allow you to withdraw your accruals until you reach a certain threshold and it will automatically terminate your withdrawal function and lose whatever you have invested in that program. Some plans will stop accruing after a certain amount of days or when a specific Return on Investment or ROI is met. Obviously, if the program doesn't terminate until after you break even, then you make a profit out of it. I joined HYIP at their early stage at less than 5 days old, more than that is already a red flag to me.
HYIP lure their investors by giving them so high-interest rate program of their client's investment. It usually ranges from 5% to 15% daily interest of their capital investment and through this, those who are unaware investors will be hooked on this scheme and bet their hard-earned dollars hoping to gain profits on the program. After few days, usually a month, the HYIP will vanish into thin air - the site is not anymore accessible.
Instead of engaging on HYIP, I recommend trying ICO's (Initial Coin Offering). You can earn handsome amount of profit in ICO' if you hit the right coin. It is also risky to invest in this coins but not as much as HYIP. Just do a proper research on your chosen ICO - you can also read my article on how to choose the right ICO - The World of Cryptocurrency - Which ICO is worth Investing. 'Til then steemians, Happy ICO hunting :)