You may have heard about it before, this is a site that offers 5% daily returns of what you invest in it, in short, an HYIP or high yield investment program.
Well guess what? It has now shut down!
Trady.io ran for roughly 63 days before it decided today to run away with the people's money. Good thing that I only put in a small amount of money before this site crashed, so no hard feelings.
But today, I'm not here to talk about ranting about such a thing happening, since when engaging in such programs, you must know the risks you're putting yourself into. No, today I'm here to give my thoughts on what we can learn from such a program crashing down. So that those who want to join programs as these would be able to make money instead of losing it.
For the first two months of the program, the website actually offered good support. They gave bonuses to those who have been able to draw a lot of people to their program by having the affiliate challenges 1 and 2. They really gave 5% daily return per day and users did not have much problem withdrawing their funds from the site.
However, as they reached the 2nd month of their service, which was roughly 3 days ago. They started to give suspicious movements. Bonuses were found basically everywhere. They launched a third affiliate challenge, giving a 12 whopping Bitcoin to the person who gets the most referrals. They had a 15% bonus to deposits made within 48 hours. Lastly, they gave a 25% bonus to deposits yesterday for an hour.
These basically gave more red flags as it would seem that they were rushing people to invest more in their program. And as expected, today, we see the end of the website.
What's the lesson in this?
Well for starters, if you put in money you can't afford to lose here, then now is the time to realize that you shouldn't.
Second, if you put in money just because of the promos the website currently offers, don't, as this is usually the sign that the website creator wants to draw in more people than usual and would make them lose more money if they were really just a ponzi scheme.
Third, there's basically a safe margin of when you should join these programs and that requires research. Some sites make it easy by pointing out how many days have already passed since they started. If the site offers below 4% daily payouts, then normally the site should be able to last longer, but if you're 3-4 weeks late from joining, it's probably too late. When it ranges from 4%-10% per day, then joining 1-2 weeks later is a big no no as these sites are harder to maintain. Lastly, when they offer more than 10%, I have only one word. Don't. These are 95% of the time just taking your money and not returning them.
Fourth but is the most important lesson of all. Make your own research. I've seen people now ranting that trady.io has shut down and they now are blaming those who referred them to such a site. People, this is a choice you yourself decided. The ones who promote these sites always give a disclaimer to make your own research when joining the sites and do not take their word of from it as they themselves risk their money when joining such platforms. Make your own research, check how long the site has been up, check the feedback of the people, then finally decide whether to join or not. Don't blame others for what you decided to do and instead take responsibility for what you've done.
Anyways, given such a thing happening, we can now conclude two more things.
For those who started only this week, well then, sadly your money is now unreachable and you've just lost your money.
But for those who started early, say the first week of trady.io's creation, you should now see yourself having been able to make at least 200% profit.
If you're still interested on making money this way, then you can check out my other posts currently promoting BitLake (1 week old, 10% daily) and MicroHash (nearly 1 month old, 10% daily) and decide for your own if you want to still join such sites. I'm now nearing 100% return off both sites and given how young BitLake is, you probably can too as well.
Here are the links:
50% return already in MicroHash and BitLake
https://steemit.com/cryptocurrency/@bengeminuy/50-back-already-with-microhash-and-bitlake-start-earning-10-daily-now
MicroHash and BitLake Introduction
https://steemit.com/invest/@bengeminuy/start-investing-now-10-daily-payout-with-micro-hash-and-bitlake-limited