Hyip has a big share of market in the investing industry online and we are going to show you the many risk and disadvantages on getting hook on hyip
We would like first to define what is hyip and we will quote wikipedia on what hyip is
Operators generally set up a website offering an “investment program” which promises very high returns, such as 1% per day (3778% APY when returns are compounded every day), disclosing little or no detail about the underlying management, location, or other aspects of how money is to be invested. The U.S. Securities and Exchange Commission (SEC) has said that “these fraudulent schemes involve the purported issuance, trading, or use of so-called ‘prime’ bank, ‘prime’ European bank or ‘prime’ world bank financial instruments, or other ‘high yield investment programs.’ (HYIP’s) The fraud artists … seek to mislead investors by suggesting that well regarded and financially sound institutions participate in these bogus programs.”
I personally become involved on this kind of investment scheme during it’s height in 2012 first as an investor and then as a monitor and actually had one hyip set up as a co-admin
I lost a lot as an early investor that was the time that I don’t know how hyip works I thought all those hyips are legit site and they are real and legit company online and beside the profit percentage is quite high compare if you put it on bank after getting active on hyip one of my friend invited me to set up an hyip monitor because we are very active on hyip and mlm forums having more than 20 hyip and mlm forums..
Having a monitor is a sure way to make money on hyip and getting into hyip without investment,all you have to do is to post your payment proof on forums and update your monitor status whenever we received payout..
Investing on hyip is such a big risk it is considered as an online gamble,you can make money here provided you know how to distinguish what hyip will last for months and what hyip is not worth or worth investing..
What you should know about hyip investing
** Anyone and anybody can set up his own hyip in fact there are hyip scripts that are as low at $10
** Hyip is a hit and run program there are no big companies involved in these hyip’s all you are reading on their homepage are just made up for investors to be compelled to invest..
** Some hyip monitors are conniving with hyip so that monitors will continue to display “paying status” on their site..
** They are ponzi scheme where the fresh funds that are coming are being used to pay their previous investors once the inflow of fresh funds stop the program will pick those it will pay usually the forums posters or the monitors..
** Never invest on hyip that are two week old the fact is only 5 of out 100 hyip that are launch on the same week will stay for a month or two..
** It is always an early bird scenario where the early birds are the one who would likely profit..
** Don’t be misled by those numbers of hyip monitrs being displayed or a site security or the uniqueness of the script like I said even a teenager can set up one .
This video will explained and exposed HYIP Monitors – How the Industry Works
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