The Internet is packed with websites reporting on this new “get rich quick” scheme called the HYIP, but many of these articles are written by people who have never even invested in one.
Bitcoin is a worldwide known currency that has been acknowledged by lots of merchants all over the world. It can be easily transferred from one person to another without any fees imposed on them, unlike the traditional banking system where a fee is charged for every transaction made. Another benefit it offers is the anonymity it provides to its users because wallet account numbers aren’t directly associated with people’s names – they only offer bitcoin addresses instead, which cannot be used as an identification tool like in PayPal or credit cards (where your name is directly linked to your account).
However, the most significant benefit of HYIPs offered by Bitcoin is its capability of providing fast transactions. Unlike traditional banking, which takes time to process every transaction, Bitcoin-based HYIP has no bureaucracy involved. Once a transfer has been done from one bitcoin address to another, said transaction cannot be reversed, making it very attractive for certain investments. In addition to this advantage, you can manage your Bitcoins anywhere in the world, giving you complete control of your money, unlike banks where you have to go through several restrictions and limitations whenever you want to access or use your money.
If you’re thinking about investing in an HYIP, then I would first suggest searching for information on them. Thousands of sites report on the Ponzi schemes, so it shouldn’t be too difficult to find at least 100 or so containing accurate and helpful information. You should avoid any site that tries to scare you away, as these sites will not help you make your decision one way or another.
Unfortunately, tons of scams online trick people into giving their hard-earned money to criminals who hold up their end of the bargain. The HYIPs are a legal form of investment, but they can be risky at times, and HYIP advertising is important also. Also, please note that an HYIP may have been legitimate before it disappeared with everyone’s money – so don’t assume they’re all scams.
There are many honest and reliable HYIPs out there that will double or triple your investment in a brief time span. However, as with any other investment, you should only invest as much money as you’re willing to lose if something “unexpected” were to happen to the site.
In this article, I’m going to share some information about how HYIPS work and what makes them both safe and risky for your money. Also, I’ll point out a few things you should consider before investing your money.