btaliat
VIP Contributor
It is very rare for any of us not to have come across high yield investment platforms (HYIP) maybe once or even more than once while trying to find some means of making money online.
I may not go into details on HYIP, it is just a ponzi scheme that works based on pyramid of numbers. They are created as networking business and if greediness is overruled, it is a nice concept of reducing poverty.
HYIP now is synonymous to scam and one needs to take a step ahead of them in order to be among their victims. I have been duped personally and I have come with these two ways of avoiding being scammed on HYIP.
The first method is to join early, the program always pay for some months to its inception. It is designed to use the entrant money to pay the existing ones. However, problem starts when the number is top large to control. So join as early as possible. Never join a HYIP that's like 6 months old.
Invest in multiple HYIP at a time. Others have the habit of investing heavily in one HYIP with the aim of cashing out heavily from them once and stop. That's very risky because except you are following the first rule, your money is not guaranteed. But you can try to break your money into let's say 5 and invest in 5 HYIPs. There is probability that one out of them will pay, then you make the money you would have lost in the ones that don't pay.
Those are the two ways I do use to beat the HYIP programs.
I may not go into details on HYIP, it is just a ponzi scheme that works based on pyramid of numbers. They are created as networking business and if greediness is overruled, it is a nice concept of reducing poverty.
HYIP now is synonymous to scam and one needs to take a step ahead of them in order to be among their victims. I have been duped personally and I have come with these two ways of avoiding being scammed on HYIP.
The first method is to join early, the program always pay for some months to its inception. It is designed to use the entrant money to pay the existing ones. However, problem starts when the number is top large to control. So join as early as possible. Never join a HYIP that's like 6 months old.
Invest in multiple HYIP at a time. Others have the habit of investing heavily in one HYIP with the aim of cashing out heavily from them once and stop. That's very risky because except you are following the first rule, your money is not guaranteed. But you can try to break your money into let's say 5 and invest in 5 HYIPs. There is probability that one out of them will pay, then you make the money you would have lost in the ones that don't pay.
Those are the two ways I do use to beat the HYIP programs.