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myLot reputation of 99/100. victorywp (291)   ranked 173 out of 27,423 in make extra money4 weeks ago

i read a post in investdad forum saying that hyip should be renamed to hygp (high-yield gambling program) instead of high-yield investment program because it is simply gambling & nothing of the sort investing. thumbup

you give a total stranger some cash and gamble on the possibility that, over time, you will get your cash back with some profit. wub

i found it to be so true (but i'm still getting involved). whistle

how about you? what's your comment about the statement?

 
 
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kun2349 (7234) response was accepted on 11/4/2009.
denotes best response.
tags:  hyip, hygp, reveal, earn, profit
 
1. myLot reputation of 51/100. tixepower (794)   ranked 2,294 out of 27,423 in make extra money   4 weeks ago

This is not true, sustainable hyip with lower income can pay for more than a year but people like the hyips that die fast because they pay more profit to the members.

I would call the fast hyips for gamble yes but not the once that work for more than a year^^


myLot reputation of 51/100. tixepower (794)   ranked 2,294 out of 27,423 in make extra money  4 weeks ago

Hmm sustainable was maybe a wrong word for it:D All hyips die but some die slower.


myLot reputation of 99/100. victorywp (291)   ranked 173 out of 27,423 in make extra money  4 weeks ago

short-term hyips usually vanished before entering 2-4 weeks of their operation, while long-term hyips usually vanished after 4-8 months of their operation.

but of course, there are long surviving hyip like allworldhyip, stable interest, nanomoneycorp, investment forge, genius funds, etc. that have been around for years.

as long as money keeps going in, they will survive. but still, it is a kind of gambling. no one can offer you ongoing 2-3% yield on your investment, not even any top brokers around the world.


myLot reputation of 51/100. tixepower (794)   ranked 2,294 out of 27,423 in make extra money  4 weeks ago

But gamble is a wrong word because it's about luck. Here it's all about joining a site that get a lot of investments, it's more a skill than luck.


myLot reputation of 99/100. victorywp (291)   ranked 173 out of 27,423 in make extra money  3 weeks ago

now this is what i mean. hyip has nothing to do with investment actually. as i said, not any top brokers (for any company) in the world are able to give you an ongoing 2-3% yield (not to mention another 4-5% you get for your referral commission). wink

the word investing promote respectability to hyip as if people were investing in stocks or shares. that's why people think that it is more a skill than luck. w00t

remember if one day a hyip could no longer pay, they will be gone right away. they do not guarantee you any return in the future as you can read in the terms of all hyip. happy

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2. myLot reputation of 92/100. dorisday1971 (2029)   ranked 200 out of 27,423 in make extra money   4 weeks ago

I wouldn't invest a single centavo in HYIP. My brother in law has been victimized by this.. He lost a sum of money. I wouldn't dare to lose my money.


myLot reputation of 99/100. victorywp (291)   ranked 173 out of 27,423 in make extra money  4 weeks ago

i lost money in hyips too. i lost over $100 in a few hyip programs but now am closing the losing gap. but still i will stop because i don't like gambling. happy

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3. myLot reputation of 68/100. redthaidevil (443)   ranked 4,755 out of 27,423 in make extra money   4 weeks ago

Well, I heard some good things in genius funds about HYIP? i don't know much as I'm not interested to invest in this type of business but from my research it is the best out there. I still think gambling/ forex/ HYIP use too much luck and not so much skill. I'd rather be a writer or something that I can earn real money from. No one is going to give you a lot of money for free.


myLot reputation of 99/100. victorywp (291)   ranked 173 out of 27,423 in make extra money  4 weeks ago

it's true that genius funds is currently one of the top in the hyip indsutry. their rate is sustainable, they use a lot of payment processors, support is good, available in many languages, etc.

yes, you are right. we should earn money by ourselves & not through this type of investment/gambling. thumbup

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4. myLot reputation of 94/100. Lakota12 (16865)   ranked 5,703 out of 27,423 in make extra money   4 weeks ago

I havent got the money to do it and not sure I would if I did


myLot reputation of 99/100. victorywp (291)   ranked 173 out of 27,423 in make extra money  4 weeks ago

you need to do a lot of research before you invest/gamble into an hyip (aka hygp). it is highly not recommended for everyone. thumbdown


myLot reputation of 94/100. Lakota12 (16865)   ranked 5,703 out of 27,423 in make extra money  4 weeks ago

I know not for me!

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5. myLot reputation of 90/100. ErrollLeVant (2452)   ranked 17,467 out of 27,423 in make extra money   4 weeks ago

I would stay away from any such scheme.


myLot reputation of 99/100. victorywp (291)   ranked 173 out of 27,423 in make extra money  4 weeks ago

good, because it is simply a gambling. it makes you think that you are investing into something but actually you are gambling into it. sad

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6. myLot reputation of 68/100. SQD444 (465)   ranked 2,297 out of 27,423 in make extra money   4 weeks ago

hi there..
i also accept to the fact that the hyips are more or less like a gamble and is very risky.. but i think there are a few hyip which are legitimate and pays of decent returns to the investors.. over all i think it is good for short term returns...
cheers...


myLot reputation of 99/100. victorywp (291)   ranked 173 out of 27,423 in make extra money  4 weeks ago

no matter how legitimate they are, it is still a gambling because it is stated very clearly in their terms that you might lose money & they do not guarantee the return on your investment. sad

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7. myLot reputation of 88/100. sunny68 (704)   ranked 7,021 out of 27,423 in make extra money   4 weeks ago

the gambling part is limited to deciding what program to invest in. and that is really a tricky part as there are mostly scams. however investment in stocks and forex is certainly high yielding provided the dealing persons have enough expertise, which again is difficult to judge before actually investing.


myLot reputation of 99/100. victorywp (291)   ranked 173 out of 27,423 in make extra money  4 weeks ago

but anyhow, we don't know who is the person at the other end & we are gambling that our money will earn some profit over time. rolleyes

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8. myLot reputation of 97/100. kun2349 (7234)   ranked 5,318 out of 27,423 in make extra money   4 weeks ago

lol=D Be it investing or gambling, it does not make any difference, for ple whom knows it.. But they have to use that 'name', investing, because all online payment processors does not allow transaction that involves gambling.. lol=D

As such, it's more like a smoke screeen to hide from those actual dealings going under the table.. lol=D ANd since those investment programs are doing good, so alot of ple tend to be tempted by the fast money^_^


myLot reputation of 99/100. victorywp (291)   ranked 173 out of 27,423 in make extra money  4 weeks ago

lol great response & well spoken! now you are giving the reason why they have to stick with the name hyip instead of hygp! rasp

but of course, the word investing also promote respectability to hyip as if people were investing in stocks or shares. that's what hook people to join & earn the fast money, thinking that it is really that promising (including me whistle).


myLot reputation of 97/100. kun2349 (7234)   ranked 5,318 out of 27,423 in make extra money  4 weeks ago

lol=D Well, that's the very first thing that comes to my mind, when i saw your post.. haha=D And between investing or gambling, it's just a matter of mentality to how one wanna see it..

Thanks for the pencil^_^

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9. myLot reputation of 93/100. stephcjh (22409)   ranked 650 out of 27,423 in make extra money   4 weeks ago

I try to stay away from investing online. I lost alot of money one time by investing small amounts and I got returns for it. I got brave and trusting in the site and invested alot with them and they closed down the next month.


myLot reputation of 99/100. victorywp (291)   ranked 173 out of 27,423 in make extra money  4 weeks ago

that's what i mean, it's a gambling. we don't know who's on the other side but we give them our money & expect a profit over time. i once lost over $110 in hyips but now closing the losing gap to be around $20 loss. rolleyes

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10. myLot reputation of 61/100. Hvaniday1 (240)   ranked 9,203 out of 27,423 in make extra money   4 weeks ago

Have no idea what are they going to invest and I don't think that the risk is worth taking. So, why not you reveal some of the profit that you have already earn.


myLot reputation of 99/100. victorywp (291)   ranked 173 out of 27,423 in make extra money  4 weeks ago

i joined those long-term ones like verifield, geniusfunds, infinitiva, panamoney, etc. these are more trusted & have been around for quite a long time.


myLot reputation of 61/100. Hvaniday1 (240)   ranked 9,203 out of 27,423 in make extra money  4 weeks ago

Actually what did they invested in? Do you have any idea?


myLot reputation of 99/100. victorywp (291)   ranked 173 out of 27,423 in make extra money  4 weeks ago

most of them invest in forex, stocks, & shares. but of course there are thousands of hyip out there claim that they are investing on these too but are unreal. anyway, it is really risky to invest in hyip because they never disclose their earnings from the so-called business in details. glare


myLot reputation of 61/100. Hvaniday1 (240)   ranked 9,203 out of 27,423 in make extra money  4 weeks ago

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