How Does Hyip Works?, Are Hyips Good For Newbies To Try? |
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Replies(20 - 29)
Helbie |
Mar 15 2010, 05:44 PM
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Hi,
OK I am a newbie and I welcome any comments on this post as I want to learn, so I can earn.
I have taken a relatively small amount of money that I can afford to lose, luckily I have a friend that has been involved in HYIP's for some time they have given me a tip on a plan that they know is run by trusted people, so I have invested the larger chunk of this money there, although of course I am still aware that these trusted people may run into problems with the trading they are doing and it's not 100% guaranteed. To invest the rest of the money I have done a lot of reading (especially on here) and I have split it across a few other plans. So far they are all paying and I am feeling comfortable, although of course this is early days. My plan is not to add any more money, I decided how much I can afford to play with and I'm sticking to it, any more investments will be made with money coming from the plans. I believe that common sense is as important with these type of investments as it is in any other, don't let greed cloud your judgement, spread your investments so the winners cover the losers and take things slowly, then the pay days can be quite exciting.
Helen.
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rafael2420 |
Mar 30 2010, 05:50 AM
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This post has been edited by rafael2420: Mar 30 2010, 05:54 AM
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julievp |
Mar 31 2010, 03:30 AM
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Hello
I just had to add my 2 cents worth!
I got seduced by HYIP's a couple of years ago. My problem is I believe what people are telling me is the truth, because I tell the truth myself & I just thought everyone else did too!
Boy was I wrong! I didn't lose a lot of money because I couldn't afford to invest much but every cent I put into any of the HYIP's was never seen again!
I kept watching my investment grow each day & it was SO Exciting! But with every one, when I requested a payout, it just didn't happen, or I'd go to the site one day & it was simply GONE!
The trouble with HYIP's is that there's no recourse to your money if something goes wrong.
At least with a bank or certain other financial institutions, if there's a problem you can always find someone who can assist with an enquiry.
Sometimes the moderators of the HYIP would reply with some answer, or some excuse why they hadn't paid out yet but NEVER ONCE did I get ANY return on any investment.
My conclusion is that they are all SCAMS & because the internet is so easy to hide in, they will keep shutting down old sites when everyone figures out they're not legitimate & will simply open a new HYIP in another name & do it all again!
There are sites which track the progress of HYIP's & you can see if one is still paying out or not & how long they've been around & how well they operate etc. But as someone else said in this thread, often those overseeing kind of sites have some kind of financial reward for saying good things about the programs.
Like several have said don't put in more than you can afford to lose!!!!
The problem a lot of people have is that they think the internet is some kind of "magic" place where the normally impossible can be made possible.
Its just not true so please don't be seduced by these programs that offer so much for so little.
If you really want to make money online, you're going to have to "work" for it just like you do offline.
It just has a great potential for a much better income if you know what you're doing.
I wish you all the very best & would strongly advise AGAINST having anything to do with HYIP's!
In whatever you do I wish you Unlimited Success!
Julie vp
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Sick of Wasting Money Online?Rather be Making Money Online?Learn How To Make Money The Right Way!http://julievp.com
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Texas Jim |
Mar 31 2010, 08:16 AM
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How do HYIPs Work? HYIPs or High Yield Investment Programs are usually schemes that offer extremely high rates of returns to investors. For example, a program could offer an astounding rate of 120% return of an investors's deposit in 1 day. Other programs could offer investors around 2% daily return of their deposit for 100 days, thus offering a 100% interest after 100 days.
HYIPs are High Risk programs and one should understand that HYIPs do not last for a long time (some even last for around 3 days or less). HYIPs usually depend on new investors' money to pay out current members who deposited earlier. People should only put out money they can afford lose. In other words one should not treat HYIPs as a serious investment vehicle.
The process of a typical HYIP would be:
1) An investor deposits in a program plan offered by the HYIP. 2) They come back the next day or a couple of days to withdraw the earnings. 3) They continue to come back and withdraw the remaining earnings for a fixed number of days. Let's say an HYIP offers 50% return (of a deposit) daily for 3 days - the investor would come back and forth and go to his member account to withdraw the daily earnings, in this case 50% of his deposited amount, for 3 days. Thus, giving him a total interest of 50% in just 3 days.
An HYIP would have program plans stated like that on the left. Usually there would be around more than 1 plan. For example, a site could have plans that promises a return of 115% in one day! That means the amount an investor deposits would yield an interest of 15% net profit the next day. Another example would be "60% daily for 2 days". It means that on day one, the investor would get 60% of his deposited amount.Then on day 2 he would get another 60% of his initial deposited amount, thereby giving the investor a total return of 120% in just 2 days.
HYIP plans could vary from being able to withdraw returns daily, to having to withdraw them after x number of days. The program term could range as short as 1 day, to as long as 365 days.
In this arena, experienced investors or "players" do not deposit on plan options where minmium deposits are like "$500-$1000" or such. Sites only put these numbers to attract investors. Players only deposit as little as a $1 or two and spread them out in different HYIPs.
Also, a typical HYIP site would claim that "they are a group of forex traders", or such. That they are "skilled" in what they do and they are there to help you achieve your financial goals." You shouldn't believe any of this claims(or it's up to you). You'll notice that different HYIPs have more or less the same descriptions or claims. Usually these programs use the same script or website templates for these kind of programs and they just fail edit the pre-made description of the site.
HYIPs would depend on incoming deposits of new "investors" and that when the ratio between the "Total Deposits" and "Total Withdrawals" become narrower, they'll notice that the program will cease paying its members and withdrawal requests would go into a "Pending status" for a longer time period. Members wouldn't know what really is going on, rather they just hope that the site is just experiencing some technical issues and would get back on track soon. However, most HYIPs won't inform their members of what's going on with their site. These are signals that the HYIP has no more funds to pay out it's members and would soon close down or would turn into what is called scam. This is not unusual because HYIPs don't really have any legitimate sources of income aside from depending on other members' deposits. Some would play these games by depositing early(Get in and Get out) and withdrawing profits as soon as possible.
Some people are experienced in this field and that they continue to invest in these programs because they "win". Sometimes these "investors" are not really called investors, rather they are called "players" because it would be obvious that HYIPs offer ridiculously high returns and that it would be a game of "who makes a deposit first and withdraws the profits". To those who "lose" they would usually just find other means of earning online.
This post has been edited by Texas Jim: Mar 31 2010, 08:16 AM
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