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Topic: Is there any such thing as a legitimate HYIP? - page 3. (Read 2858 times)

legendary
Activity: 2940
Merit: 1333
November 16, 2014, 12:25:45 AM
#8
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...
legendary
Activity: 1022
Merit: 1000
November 16, 2014, 12:02:02 AM
#7
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.

Good Luck.
legendary
Activity: 2940
Merit: 1333
November 16, 2014, 12:01:49 AM
#6
What do you mean by legitimate?

I figure so long as they are upfront with the facts, it's OK.

It's not OK when they claim to be able to make guaranteed huge returns doing forex / gambling / investing / whatever else.
It's not OK when they say you can't lose.

But if they lay out the rules, including what they do when they inevitably can't afford the next payout, then I don't see a problem with it.

I once rated a guy positively for running an honest Ponzi scheme. He was clear about how it would be run, and what would cause it to shut down. I've not checked on it recently - I expect it fell apart like they always do, but at least nobody should have been surprised.
legendary
Activity: 1344
Merit: 1000
November 15, 2014, 11:52:59 PM
#5
HYIP will eventually turn to scam as they can't continue paying so high interest.
If I am able to pay such high interest regularly, I won't open a HYIP but just increase my money myself.
full member
Activity: 154
Merit: 100
November 15, 2014, 11:30:36 PM
#4
every HYIP definitely ended up with scam...
sr. member
Activity: 294
Merit: 250
November 15, 2014, 11:10:02 PM
#3
there is no such thing as a legitame HYIP!
legendary
Activity: 1162
Merit: 1001
November 15, 2014, 10:32:48 PM
#2
No because the profits model is inherently unsustainable
newbie
Activity: 1
Merit: 0
November 15, 2014, 10:24:32 PM
#1
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
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