Honest HYIP Reviews – They Are Legitimate Because They Pay?
From time to time I receive complaints about my HYIP reviews, so I figured I’d save myself the typing minutes and just address the most common ones in a post on this site. Most of the complaints are from HYIP “investors” who are angry I gave their products negative reviews. The question from me is, should you call a product legitimate just because the HYIP pays?
Honest HYIP Reviews – They Are Legitimate Because They Pay?
The internet is full of opinions. What I write on my website is my opinion. People are able to read the information on my site, compare it to other reviews they read, and decide for themselves which they think is correct.
If they don’t know, they can still “invest” in the programs.
As I explained in the previous article on how HYIP makes money, there is almost zero legitimate HYIP on the market. In my opinion, every single business following the HYIP model has turned out to be a ponzi scam. HYIP is just a jazzy name given to Ponzi scheme.
The only way they could offer you such high returns was due to the fact that they used new investors funds to pay off the older investors. Check any decent P2P lending / investment site, such as Zopa – they don’t offer high returns but they give a hell lot more than what a bank would and the listings are backed by credit checks.
I have tried many HYIPs in the past and I thought they were legitimate. I then figured almost all HYIPs on the market are scams and this is based on my personal experience with them. At first, they really pay you well without delays. You then get hooked up as these investment sites distribute more interests and dividends that banks offer.
The admin then closes his program as soon as he gets enough deposits. Then, they disappear after a short period of time.
Would you call these HYIPs legitimate?
Why You Shouldn’t Trust Hyip Monitors
I bet you have seen a lot of HYIP monitors on the internet. Do you know they are controlled by the same people who run the HYIP Scams?
HYIP monitor admins ask any and all HYIP admins to submit their HYIP websites. The monitoring site then collects a processing fee and earn referral commissions from the money that you put in. HYIP admins treat monitoring sites very well. Therefore, if you see paying status on monitoring site, it does not mean, the HYIP is paying all investors.
Some HYIPs are paying profits for investments of monitoring sites but not for the investors. This is to maintain their reputation as a paying HYIP – keeps investors flowing in but in actual fact, investors are not being paid.
Go to any HYIP monitor sites and click on any link of the program. You will notice you will be directed to a referral link. Yes, these HYIP monitoring sites are making money out of you too.
That’s How HYIP Works. Who Cares?
There is this group of “investors”, who are completely aware of the nature of HYIP. They participate and invest when the HYIP sites are still new. These first participants may make a good profit and are encouraged to refer other people to the program because of referral commission. The fact that they have already made back their principal and are playing with profit, and that the more people who deposit money, the more money can be paid out to them.
After all, greed is a part of human nature, and whenever finances are involved, people’s eyes will turn into dollar signs rather quickly. They take advantages of the Ponzi scheme and human’s greed to steal the money of the innocents by referring them to the system.
Simply put, your profit is built on the innocents’ losses and this is entirely incorrect. Of course, all depositors must check risk, consider all pros and cons but not many people do this. And the truth is if you win this is possible only due to the loss of another one.
My question to you is how it is possible to invest in HYIP projects without having guilt on your conscience? Can you enjoy your financial independence without any shame and with good conscience?
Regardless of whether you’re mad because I punked the product you’re plugging, or an owner steaming that I had a real opinion on what I paid for, I think if this website was in a different niche you wouldn’t be complaining so much.
The HYIP industry is rife with scams created by complacent investment “gurus” that worship their return of investment (ROI) and forget that there’s a real consumer and victim behind all those dollars they’re earning.
Why get scammed by HYIP that only run away with your money and not putting your hard-earned money in a legitimate investment opportunity such as Bitcoin? The world is becoming ever more reliant on the internet.
So, really:It is no surprise that Bitcoin, a secure, global, and digital currency has claimed the interest of investors. Bitcoin is open to everyone and provides an exciting opportunity to delve into an entirely new asset class.
Bitcoins are scarce and useful.
Let’s look to gold as an example currency. There is a limited amount of gold on earth.
As new gold is mined, there is always less and less gold left and it becomes harder and more expensive to find and mine.
The same is true with Bitcoin.
There are only 21 million Bitcoin, and as time goes on, they become harder and harder to mine.
How to Invest in Bitcoins and Where to Buy
The difficulty of buying bitcoins depends on your country. Developed countries have more options and more liquidity.
Coinbase is the world’s largest bitcoin broker and available in the United States, UK, Canada, Singapore, and most of Europe.
I don’t like the reliance on HYIPs in order to make bad money. Instead, I do affiliate marketing (it’s different) and rely 100% on myself to build an income online. If you are interested in alternative ways to generate a real passive income online, you might want to consider running your own legitimate online business.
One powerful way to do this is through an approach called affiliate marketing. Affiliate marketing lets you earn money by promoting products from other companies. Any product you promote is going to be based on your opinion, and you are not required to stick with just one company.
If you’re looking for a legitimate way to make money online without trying to qualify for online surveys or getting scammed by HYIPs then Wealthy Affiliate might be what you’ve been looking for.
When I carried out my initial investigation on Wealthy Affiliate, it was purely to see if the company was legit for a few friends of mine, however, I didn’t imagine that I was going to make much or ANY money with them when I first got started, but as it turns out – I did.
Well, I’m happy to say that I’m not the ONLY one making money in Wealthy Affiliate, as you can see from the pics below, and you’d be surprised at HOW many other people are making money too.
If this is an area you’re interested in, you could learn more about this through my 7-day free email course or you could read the full review of this training platform here. The guide is an excellent way to learn all the ins and outs of affiliate marketing and to get started in the field yourself.
If you want to know more why you should quit taking surveys, please read the following posts:
- Why Should I Seriously Consider Running a Blog?
- Earn Money Online as Affiliate Marketers
- Ways to Earn Money at Home | $10,000 Template