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?
not existence
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.
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...
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.
Good Luck.
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.
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.
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.
If I am able to pay such high interest regularly, I won't open a HYIP but just increase my money myself.
every HYIP definitely ended up with scam...
there is no such thing as a legitame HYIP!
No because the profits model is inherently unsustainable
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
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