not existence
Topic: Is there any such thing as a legitimate HYIP? - page 2. (Read 2858 times)
Nope, no one in the world can get that kind of high, sustainable, risk-free return rate, legally or not.
Unfortunately there is no legitimate HYIP, in the end they all close
Still not sold of HYIP idea. To risky for a smalltime btc owner like me.
HYIP was made for people who like risks and don't afraid to lose money, I don't know legitimate HYIP 
Sorry but what's HYIP 
HYIP stands for "High Yield Investment Program". As the name suggests, it offers users extremely high return (something like 3% a day or 20% a week) but eventually the system will collapse and the owner will run away with your money.
Oh alright! Thanks! Pretty obvious it will be a ponzi scheme even if someone is paying regularly for sometime. Anyways, are there any running as of now?
I don't see any in the first page in gambling, which is in fact a very good news.
Some recent HYIP/ponzi examples are: https://bitcointalksearch.org/topic/--824055 and https://bitcointalksearch.org/topic/--856130
Sorry but what's HYIP
HYIP stands for "High Yield Investment Program". As the name suggests, it offers users extremely high return (something like 3% a day or 20% a week) but eventually the system will collapse and the owner will run away with your money.
Oh alright! Thanks! Pretty obvious it will be a ponzi scheme even if someone is paying regularly for sometime. Anyways, are there any running as of now?
Sorry but what's HYIP
HYIP stands for "High Yield Investment Program". As the name suggests, it offers users extremely high return (something like 3% a day or 20% a week) but eventually the system will collapse and the owner will run away with your money.
Sorry but what's HYIP
1. Do you believe someone is able to make such a high yield (say 2% a day, equivalent to 137740% a year) legitimately?
That is another point to consider. Its almost impossible to get such a high rate of interest. If they could do that by any means, say mining/Trading, then they could just invest 100$ in it, and be millionaires with a few months, as the interest would get compounded to produce a big return.
Exactly. Those HYIP owners usually claim they need your investment because they don't have enough capital to start. But they also claim they are "experienced" miners/traders/etc that have been using a safe way to earn incredible profit. Sounds legit.
Absolutly not.
1. Do you believe someone is able to make such a high yield (say 2% a day, equivalent to 137740% a year) legitimately?
That is another point to consider. Its almost impossible to get such a high rate of interest. If they could do that by any means, say mining/Trading, then they could just invest 100$ in it, and be millionaires with a few months, as the interest would get compounded to produce a big return.
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
Just ask yourself 2 questions.
1. Do you believe someone is able to make such a high yield (say 2% a day, equivalent to 137740% a year) legitimately?
2. Do you believe someone has tested the "special earning method" and was able achieve the claimed high yield, while asking for your little investment?
legitimate i think it's not,that just a word for make people interested and believe for invest they money..
HYIP stands for "high yield investment" program, if your definition of "high yield" is more than 50% per annum, than HYIP is not sustainable. If your definition of "high" is 10%, then HYIPs can be legit. Nearly all the HYIPs found here on this forum are pure scam.
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
Its hard to define legitimate here. A lot of these schemes, to continue paying huge sums of return, but eventually fail, as they run it like a ponzi. However, some ponzi schemes, clearly state that they are running a ponzi or HYIP scheme, and run it honestly. But, they make it clear that people who participate late will not be paid.
As much as I would like to believe, there are just no investments that generate anything like the return that is often promised by these "programs." Maybe if they did something almost sustainable like 1% a month rather than per day, but even that is not easy to achieve.
You're missing the point. You're not meant to believe.
The early "investors" make a good profit, the later ones lose everything.
The skill, such as it is, comes from only playing if you think it will keep running long enough that you'll make your profit from the people who come after you.
So long as all the people who play know the rules, and know that they lose their investment if they're too late, then I don't see a problem with it. What tends to happen though is that some people fail to look into what they're getting involved with, and don't realise that they are running a risk of losing their deposit. Usually that happens because the Ponzi operator lies to them about his scheme, but even in the thread I just linked to (where everything was clearly explained) I see it ended with a disappointed player who was surprised to get back less than he put in...
No, we're talking about two different things. 1% a month is very high yield and maybe could be sustainable, what mostly occurs though is what you are talking about, where it is a de facto game to who gets in and out fast enough.
Edit: I agree 100% with what Polarpoint says below.
Interestingly I just read a book on the $65 Billion Maddoff scam.
He knew from the beginning that it was impossible to make it work. He planned on making it a small Ponzi scheme and then get out before it became big.
All these schemes are based on the rob Peter to pay Paul principle. The only way to find the pyramid is by borrowing off others. Once your flow of cash stops (people stop joining) the whole thing kind of flops. In every HYIP someone is going to lose. - Actually, most people are going to lose.
He knew from the beginning that it was impossible to make it work. He planned on making it a small Ponzi scheme and then get out before it became big.
All these schemes are based on the rob Peter to pay Paul principle. The only way to find the pyramid is by borrowing off others. Once your flow of cash stops (people stop joining) the whole thing kind of flops. In every HYIP someone is going to lose. - Actually, most people are going to lose.
paidverts accepting bitcoin, and its something like hyip, but cant turn into scam, you need learn about this. and dont forget type for ref : lg1500 xd
Most of the time it is illegitimate,
The interest rate becomes too high and thus becomes a ponzi. Most hyip are ponzis by default if not proven. however there can be "honest" programs that states what method is used to generate your funds.
I haven't invested anything yet, but look at laxotrade;the famous blockchain spammers. They seem to be legitimate.
The interest rate becomes too high and thus becomes a ponzi. Most hyip are ponzis by default if not proven. however there can be "honest" programs that states what method is used to generate your funds.
I haven't invested anything yet, but look at laxotrade;the famous blockchain spammers. They seem to be legitimate.
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