In this blog post, I would like to share my experience of making an investment in cryptocurrency web investment and High Yield Investment Program (HYIP) websites. Today we know many cryptocurrency investment websites, they offer hash power to mining cryptocurrency coin like Bitcoin, Ethereum, Litecoin, Dogecoin, etc. They label their sites with cloud mining sites.
They offer free hash power to mining, in the beginning. Need a long time to reach payout or withdraw limit. If we not patient and become greedy, we will interest in their investment plan to get more hash power and more profit. The profit sometimes does not make sense. If you lucky you will reach withdraw limit. You can withdraw your money and your profit. But if you do not lucky and website become a scam website, you lost all your money. Many people lost their money in this type of investment.
Many cloud mining websites become a scam website and will be the scam website, it just a matter of time. I said many, not all cloud mining is a scam website. I know a lot of cloud mining website is a real cloud mining website, but we must alert if the investment plan does not make sense and age of the website are just a few days. I think the best way to invest in cryptocurrency asset is still trading and invest in long-term.
The second investment type that the high risk of being a scam are HYIP (High Yield Investment Program) websites.
Can you imagine investment plan that offers140% profit in just 1 single day? I admit I'm interested in the investment plan and starting fantasizing will be used for what profits are earned. Hard to be not greedy with the investment plan but my common sense is still working. I think to try with the small investment, in the beginning, the minimal investment is $15.
I choose the 1-day plan with 104% profit, next day I earn $15,6 principal and profit. I plan to make $1000 investment to get more profit, but I think I must try another plan to get more profit so I try the 5-day plan with 125% profit.
Guest what? After 5 days the websites are still running but not paying anymore.
I am grateful not making $1000 investment. My experience worth $15 for me but worth $4000 for my friend and free for you if you learn from my mistake.
Maybe you have more experience than me about this subject. Please share your experience below, thank you.
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