HYIP is a type of ponzi scheme. As soon as the amount of new investor drops, the owners do away with the money invested, and the site is closed down since there is no longer enough bitcoin trader biz scam to pay initial investors. Therefore, in making decision whether or not to invest in any HYIP, an important factors to consider is the duration.
That is, how long they have been online. This enables you to know if they are paying. It is just a pool of people investing into a Ponzi scheme or rather a Pyramid scheme. You are to refer investors into the scheme for a referral bonus to keep it running. Many investors fall prey to these HYIPs mainly because of the high returns they are promised. Knowing this fact, a lot of HYIP keeps springing forth as the days goes by, exploiting investors who are too quick to sign up for schemes that promises quick money.
We have made it a duty to inform you about these HYIP scams. It is now left for you to decide whether to go for it or not. We don’t endorse HYIPs and we advice our readers to go for sustainable legit ways of making money. In need of a legit cryptocurrency mining company with actual mining rigs and data centres? Comments on “Cloud Miner Review: is cloudminer.
Thats the trend of most of these Ponzi schemes, its not a legit mining company. They pay initially and later they stop paying, close the site and do away with investors’ money. We seriously advice against them because they will surely collapse. Scam or Legit Cryptocurrencies Cloud Mining Company? Why do I have to complete a CAPTCHA?
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