Good-Guy
VIP Contributor
HYIPs (also known as High Yield Investment Programs) are a kind of online investment programs that offer a fixed amount of returns on investments. They claim that they offer guaranteed income opportunities to many people around the world and anyone from any part of the world can invest in their programs. Despite the fact that many governmental organizations have released various kinds of warnings, many investors invest a good amount of money into such HYIPs. In this article, we shall have a look at a few important reasons why investing in such kind of HYIP programs might be a big mistake.
Most Of The People Do Not Actually Make Money
Well, I believe that this is one of the main reasons why I think that HYIPs are a waste of time. Most of the people do not actually make money rather they lose money when a HYIP site gets closed. Despite the hype many HYIPs gain, they are usually just like a dream that may not come true. A HYIP may promise a good amount of money initially and even pay money during the start. However, they end up scamming people.
They are not regulated by any governmental authority
A legitimate company is usually regulated by some sort of governmental authority. This is not the case with most of the HYIPs. Despite the fact that many HIYPs programs claim that the owner of the company is so and so person, this may not be the case. In case the HYIP gets closed, you may not file a case against anyone or claim your money anywhere.
Most of the claims made by HYIP Programs are false
Many HYIPs claim that they invest depositor's money into cryptocurrency trading and stock trading platform. They even claim that their team consists of people who are experts when it comes to trading. First of all, trading never guarantees a fixed amount of income, so how come the HYIPs promise fixed profits every time? This itself proves that the claims made by HYIP sites are dubious. Most HYIPs are straightforwardly ponzi schemes.
Most Of The People Do Not Actually Make Money
Well, I believe that this is one of the main reasons why I think that HYIPs are a waste of time. Most of the people do not actually make money rather they lose money when a HYIP site gets closed. Despite the hype many HYIPs gain, they are usually just like a dream that may not come true. A HYIP may promise a good amount of money initially and even pay money during the start. However, they end up scamming people.
They are not regulated by any governmental authority
A legitimate company is usually regulated by some sort of governmental authority. This is not the case with most of the HYIPs. Despite the fact that many HIYPs programs claim that the owner of the company is so and so person, this may not be the case. In case the HYIP gets closed, you may not file a case against anyone or claim your money anywhere.
Most of the claims made by HYIP Programs are false
Many HYIPs claim that they invest depositor's money into cryptocurrency trading and stock trading platform. They even claim that their team consists of people who are experts when it comes to trading. First of all, trading never guarantees a fixed amount of income, so how come the HYIPs promise fixed profits every time? This itself proves that the claims made by HYIP sites are dubious. Most HYIPs are straightforwardly ponzi schemes.