Topic: Is there any such thing as a legitimate HYIP? (Read 2858 times)
The problem with HYIP is the word "guaranteed". I think making 1% per day on average from cryptos isn't impossible but no one can "guarantee" that. Maybe you can make 200% profit in few hours on something but maybe you have to wait a month for such a good opportunity. So that "guaranteed" instantly makes it fake.
Is there any such thing as a legitimate HYIP?
I see posts for who not to use, but never any posts saying that "these guys are legitimate" at least not from anyone but spammers.
Thanks
I see posts for who not to use, but never any posts saying that "these guys are legitimate" at least not from anyone but spammers.
Thanks
HYIP itself is non-legit then how can you find out a legit HYIP?
And further, calling it an HYIP is completely arbitrary. There is no investing. It is GAMBLING. You are gambling for the chance that the operator of the SCAM will grant a withdrawal request to your wallet at the expense of someone else. True INVESTMENT (the third letter of the acronym) is based on something more legitimate and real, not at the mercy of whether or not someone will honor a withdrawal.
The operators of these HYIPs are a disgrace.
The operators of these HYIPs are a disgrace.
Just because the first people to invest in an HYIP are paid does not mean the HYIP is legitimate. Further, it doesn't matter HOW LONG it lasts neither. Legitimacy has nothing to do with longevity -- it merely has to do with
1) whether or not your money is being invested in the way claimed
2) whether or not the growth actually happened (everyone invested should be able to successfully withdraw ALL of their money at any given time)
HYIP usually means that it does not last long, but this is just how it usually works. This does not denote legitimacy at all.
Just look at Bernie Madoff -- decades of 'growth', decades of deposits and withdrawals. Whether or not it was once legitimate to begin with is another issue. I believe that it was.
1) whether or not your money is being invested in the way claimed
2) whether or not the growth actually happened (everyone invested should be able to successfully withdraw ALL of their money at any given time)
HYIP usually means that it does not last long, but this is just how it usually works. This does not denote legitimacy at all.
Just look at Bernie Madoff -- decades of 'growth', decades of deposits and withdrawals. Whether or not it was once legitimate to begin with is another issue. I believe that it was.
HYIP can't sustain themselves. They will blow up, probably not when there is not enough money to pay the people, but when the money entering starts to diminish.
At least with gambling sites we know they have an sustainable investing plan
At least with gambling sites we know they have an sustainable investing plan
A HyIP is already a system that kinda scamms everyone :/
NO, never one legit, only naive people think there's a legit one
Of course there is.
So if a person makes one, states its a HYIP, that people will lose money, but the ones that invest first have the best chance, how is that not legit?
I have done a few like that and made some decent coin, it is absolutely no different than gambling....
big difference from gambling when the owners of those scams are the ones to depo first and a few others get lucky and make alittle before its gone.
NO, never one legit, only naive people think there's a legit one
Of course there is.
So if a person makes one, states its a HYIP, that people will lose money, but the ones that invest first have the best chance, how is that not legit?
I have done a few like that and made some decent coin, it is absolutely no different than gambling....
Is there any such thing as a legitimate HYIP?
I see posts for who not to use, but never any posts saying that "these guys are legitimate" at least not from anyone but spammers.
Thanks
I see posts for who not to use, but never any posts saying that "these guys are legitimate" at least not from anyone but spammers.
Thanks
NO, never one legit, only naive people think there's a legit one
I would say yes, there is legitimate HYIP's.
As long as they are upfront and say" THIS IS A HYIP, IT COULD CLOSE AT ANYTIME, DON'T BE THE LAST ONE TO INVEST"
It would essentially be no different than gambling, except here you could have better odds...
As long as they are upfront and say" THIS IS A HYIP, IT COULD CLOSE AT ANYTIME, DON'T BE THE LAST ONE TO INVEST"
It would essentially be no different than gambling, except here you could have better odds...
How "high" is a High Yield Investment Program?
I don't think there is a clear line for that. But for me, I won't trust someone claim to guarantee a 20% yearly return. Good traders can get 20% return frequently but they can't guarantee that.
How "high" is a High Yield Investment Program?
What amount of BTC are involved?
What amount of BTC are involved?
Agreed, but there's still risk.
I dont really get the question, what does 'legitimate' mean? Legal or ethical?
I think if the investors are well informed of the risk beforehand, it is ethical. Legal is of course.. as long as it is legal in law.
The problem with HYIP is usually the owner focus more on the HY rather than the risk.
I dont really get the question, what does 'legitimate' mean? Legal or ethical?
I think if the investors are well informed of the risk beforehand, it is ethical. Legal is of course.. as long as it is legal in law.
The problem with HYIP is usually the owner focus more on the HY rather than the risk.
Of course alts are a highly risky business. Sometimes I think the altcoin boards should be moved here into the Gambling
.I think legitimate in this case means something like "real" or "proved to be working"
.rhetorical question?
For rhetorical question it's good enough, and he's right, a successful trader most likely will not start a hyip.
Nah. The business model to gain profit is unsustainable itself. How come those *experienced* traders ask for others' money to start their own business? I mean, if they're experienced in their craft, how come they don't have the $$ to start the business in the first place?
Seems legit.
Seems legit.
Is this a question for me?
Theoretically possible. Some day-traders in the altcoin scene can repeatedly make yields far higher than 50%/annum. However they not used to start HYIPs.
Agreed, but there's still risk.
I dont really get the question, what does 'legitimate' mean? Legal or ethical?
I think if the investors are well informed of the risk beforehand, it is ethical. Legal is of course.. as long as it is legal in law.
The problem with HYIP is usually the owner focus more on the HY rather than the risk.
Nah. The business model to gain profit is unsustainable itself. How come those *experienced* traders ask for others' money to start their own business? I mean, if they're experienced in their craft, how come they don't have the $$ to start the business in the first place?
Seems legit.
Seems legit.
Is this a question for me?
Nah. The business model to gain profit is unsustainable itself. How come those *experienced* traders ask for others' money to start their own business? I mean, if they're experienced in their craft, how come they don't have the $$ to start the business in the first place?
Seems legit.
Seems legit.
Theoretically possible. Some day-traders in the altcoin scene can repeatedly make yields far higher than 50%/annum. However they not used to start HYIPs.
Is there any such thing as a legitimate HYIP?
Is there any such thing as a mutant pink flying billionaire elephant who has 10 Bitcoins in his blockchain wallet and have never visited Earth in its dreams and is married to an orange donkey?
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