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Topic: HYIP = Gambling - page 3. (Read 6308 times)

hero member
Activity: 742
Merit: 500
January 14, 2016, 03:55:11 PM
HYIP or a High-yield Investment Program requires the user to send Bitcoin to a websites Bitcoin address where they have no control over there funds and are then 'guaranteed' usually a return of something very unrealistic ie. 100% in a week. And the site will probably run away with the funds in the end. (Ponzi)

Gambling on the other hand is where you deposit your funds and you have controover your funds. And a lot of gambling sites have - I can't remember the name - I think what is called 'hot wallets' that publicly display the websites balance which is in the region of BTC100+
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
January 14, 2016, 02:51:19 PM
IMO HYIPs are far worst and riskier than gambling. With gambling you can leave when you want... with most HYIPs you can't leave...
You can leave... Just not at any moment  Grin
full member
Activity: 254
Merit: 101
January 14, 2016, 02:11:38 PM
I think differently, HYIP is a site that borrows your money and return more, but according to the information I get HYIP use all capital in the receipt for gambling

practicallyh lol any type of investment is basically a gamble but with HYIPs i think that many consider them similiar to ponnzis eventhough the concept is different so people just veiw it like gambling
legendary
Activity: 1596
Merit: 1027
January 14, 2016, 02:07:58 PM
IMO HYIPs are far worst and riskier than gambling. With gambling you can leave when you want... with most HYIPs you can't leave...
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
January 14, 2016, 11:05:00 AM
I think differently, HYIP is a site that borrows your money and return more, but according to the information I get HYIP use all capital in the receipt for gambling
legendary
Activity: 1358
Merit: 1014
January 14, 2016, 09:26:22 AM
Yes but how many HYIP schemes do you know that are legit and actually pay out? Only legit one was by the Ponzi guy and everybody who invested early with him, not the people that invested late.

as for my experience, all hyips i've been to was all paying but it doesn't mean they are legit. just like what you've said, early investors and of course, the ponzi owner, will be always the winner. being an early bird is a good strategy if someone wants to make profit with ponzi schemes.

Please stop encouraging people that early 'investor' will always get profit because it kinda seems like some people will win while some dont. If you actually think stealing people's money away is a good attitude than you are free to do this, those who get money from ponzi is no better than a thief

Well the sooner you get inside of something the better you are off if it is a success, and Bitcoin is a clear example of this. the difference is the ethical reasons behind the project, but other than that, the fact that getting involved in something before others deliver better reward is a basic law that is present in every business ever, legit or not.
legendary
Activity: 1540
Merit: 1013
January 14, 2016, 09:23:45 AM
Yes but how many HYIP schemes do you know that are legit and actually pay out? Only legit one was by the Ponzi guy and everybody who invested early with him, not the people that invested late.

as for my experience, all hyips i've been to was all paying but it doesn't mean they are legit. just like what you've said, early investors and of course, the ponzi owner, will be always the winner. being an early bird is a good strategy if someone wants to make profit with ponzi schemes.

Please stop encouraging people that early 'investor' will always get profit because it kinda seems like some people will win while some dont. If you actually think stealing people's money away is a good attitude than you are free to do this, those who get money from ponzi is no better than a thief
legendary
Activity: 1834
Merit: 1008
January 14, 2016, 06:53:01 AM
Yes but how many HYIP schemes do you know that are legit and actually pay out? Only legit one was by the Ponzi guy and everybody who invested early with him, not the people that invested late.

as for my experience, all hyips i've been to was all paying but it doesn't mean they are legit. just like what you've said, early investors and of course, the ponzi owner, will be always the winner. being an early bird is a good strategy if someone wants to make profit with ponzi schemes.

Early investor? You said this as if early investor will always get the profit. I dont think that thing is true. From what I saw some HYIP only small amount of early investor that they get a payout. There is no payout for them that put 1 btc on that so all HYIP will be the same, you guys will be scammed no matter early investment or not
sr. member
Activity: 448
Merit: 250
January 14, 2016, 03:04:16 AM
Yes but how many HYIP schemes do you know that are legit and actually pay out? Only legit one was by the Ponzi guy and everybody who invested early with him, not the people that invested late.

as for my experience, all hyips i've been to was all paying but it doesn't mean they are legit. just like what you've said, early investors and of course, the ponzi owner, will be always the winner. being an early bird is a good strategy if someone wants to make profit with ponzi schemes.
full member
Activity: 196
Merit: 100
January 14, 2016, 03:02:57 AM
Yes but how many HYIP schemes do you know that are legit and actually pay out? Only legit one was by the Ponzi guy and everybody who invested early with him, not the people that invested late.

There is no such thing as legit HYIP schemes because you cant obtain high profits without doing some bad practices.

Yes, hyip is also gambling
legendary
Activity: 3808
Merit: 1723
January 14, 2016, 02:48:02 AM
Yes but how many HYIP schemes do you know that are legit and actually pay out? Only legit one was by the Ponzi guy and everybody who invested early with him, not the people that invested late.
hero member
Activity: 812
Merit: 1000
January 14, 2016, 01:55:34 AM
They are not the same. This is the definition of HYIP/Ponzi:

A high-yield investment program (HYIP) is a type of Ponzi scheme, an investment scam that promises unsustainably high return on investment by paying previous investors with the money invested by new investors. Most of these scams work from anonymous offshore bases which make them hard to track down.

Even if you take out the possibility of them running away (which you shouldn't) sooner or later the income from new investors will dry up and the previous ones will not be able to earn anything and hence it will collapse.

So to earn anything you're at mercy of A. HYIP/Ponzi owners not running away and B. New Investors deposits. In gambling you're only dependent on your luck, you bet, you win - you get your profit, you lose - you get nothing.
full member
Activity: 123
Merit: 100
January 14, 2016, 01:47:21 AM
You can say its gambling investment Cheesy

Or gambing + investment with higher risk or 3x bet .
legendary
Activity: 1078
Merit: 1000
January 14, 2016, 12:10:27 AM
Agree with you, but however not all gambling sites is a scam. We can't just do it in every gambling sites

I think gambling and hyip are not same. Hyip is a scam and gambling is a risk.
Gambling is like hyip. A user who is investing in a hyip takes the risk of not seeing his money again. Same thing applies to gambling.

What are you saying here? Gambling doesnt same as hyip because with gambling you can earn it a little bit and may be if you are lucky enough you can still hit the jackpot and get a big winning there. But in hyip may be you can get it but you need be the one who first invested like many people said but I dont know that is a true or not. Mostly hyip will open around one month before they scam people
sr. member
Activity: 434
Merit: 250
January 13, 2016, 11:22:38 PM
do not invest more that you are willing to lose. same concept of gambling.
I agree with you when you say that both HYIP and gambling has a concept of don't invest/gamble what you can't afford to lose however the difference between the two is that In gambling you will decide and will be responsible if you will win or lose however on the other hand the HYIP owner will the one who will decide whether you will win or lose , if you invest large sum of bitcoins on HYIP there is large probability that you will lose all your bitcoins.
hero member
Activity: 518
Merit: 500
January 13, 2016, 10:07:40 PM
Agree with you, but however not all gambling sites is a scam. We can't just do it in every gambling sites

I think gambling and hyip are not same. Hyip is a scam and gambling is a risk.
Gambling is like hyip. A user who is investing in a hyip takes the risk of not seeing his money again. Same thing applies to gambling.
hero member
Activity: 532
Merit: 500
January 13, 2016, 10:06:11 PM
Agree with you, but however not all gambling sites is a scam. We can't just do it in every gambling sites

I think gambling and hyip are not same. Hyip is a scam and gambling is a risk.
legendary
Activity: 1638
Merit: 1046
January 13, 2016, 04:08:17 PM
Hyip = low return very high risk
Gambling in a casino = high risk and you may win tons of cash depending on your luck.

its called hyip because of its high returns so i dont agree with and about gambling on casino, imo it has higher risk if you want a bigger profit, much higher than on hyips.

I think it depends of ROI that we can call it high returns  but some of them is paying low interest every month or every week.
Unlike on gambling that you can instanly win or lose..
hero member
Activity: 560
Merit: 500
January 13, 2016, 03:19:30 PM
Look most gambling websites,has costumers that invest trying to get a pot or win something,usually some win and several loose,the house always wins.Hyip is just one way some costumers able to cashout and roi and well admin run away with fortunes,and people will try to recover those into another hyip till they loose all.Gambling is better far away from hyip,and there are very places offering such services and honest ,without need to close doors to pay their costurmers earnings.
hero member
Activity: 504
Merit: 500
January 13, 2016, 07:53:22 AM
Agree with you, but however not all gambling sites is a scam. We can't just do it in every gambling sites

Every HYIP site is a scam else it cant run really, unless it a bank lol. and every gambling site is not a scam at the end, I hope you understand.
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