|
Anyone Invest in online HYIPs?
|
View this Thread in Original format
| Purple |
| What is HYIP? I invest in Forex and Commodities, but never heard of HYIP. |
|
|
| Nabistai |
| quote: | Originally posted by Purple
What is HYIP? I invest in Forex and Commodities, but never heard of HYIP. |
High Yield Investment programs. |
|
|
| Nabistai |
| Btw, they're illegal and only a small percentage gets profit out of them. Most of the people lose their money (to that small percentage) |
|
|
| Purple |
| quote: | Originally posted by Nabistai
High Yield Investment programs. |
What is it?
Can you give me some link where I can get info on it. The links he mentioned does not explain what it is. |
|
|
| Nabistai |
| quote: | Originally posted by Purple
What is it?
Can you give me some link where I can get info on it. The links he mentioned does not explain what it is. |
You invest in a program (actually it's a gift, because you can never reclaim your money), you surf a certain amount of sites every day and you earn a percentage of your investment. For example you give $5, and every day that your surf your will get 1% of that §5. Of course they use the money from people that join after you, to pay your profits. So it's jsut a diguised piramid scheme.
EDIT: this is autosurfs that I'm describing. HYIP are the same - the surfing part. |
|
|
| Purple |
| quote: | Originally posted by Nabistai
You invest in a program (actually it's a gift, because you can never reclaim your money), you surf a certain amount of sites every day and you earn a percentage of your investment. For example you give $5, and every day that your surf your will get 1% of that §5. Of course they use the money from people that join after you, to pay your profits. So it's jsut a diguised piramid scheme. |
Oh got it, all these building pyramid schemes are pretty dumb to get into.
Thanks for the info. |
|
|
| Tiger777 |
| ye, it's a pyramid scheme but it has a nice storry around it that makes it look like you're investing money into companies..:rolleyes: |
|
|
| Sunsnail |
| Yeah I have about $500 invested in some |
|
|
| Purple |
| quote: | Originally posted by Tiger777
ye, it's a pyramid scheme but it has a nice storry around it that makes it look like you're investing money into companies..:rolleyes: |
What I got from outside is that basically you invest in this website, than you get people to invest in this website too. You think you have invested the money in the website, but in real you only get money back if you get others to invest too, the company makes money or not.
Autosurf and all I didnt get. |
|
|
| Sunsnail |
| quote: | Originally posted by Purple
What I got from outside is that basically you invest in this website, than you get people to invest in this website too. You think you have invested the money in the website, but in real you only get money back if you get others to invest too, the company makes money or not.
Autosurf and all I didnt get. |
generally most are "Ponzi" schemes. Which is to say they pay profits to older members with new money coming in from new members. Ponzi schemes can be maintained for QUITE a long time, several years, as long as there is constant growth... It is doomed to collapse eventually though (social security is a ponzi scheme) |
|
|
| Purple |
| quote: | Originally posted by Sunsnail
generally most are "Ponzi" schemes. Which is to say they pay profits to older members with new money coming in from new members. Ponzi schemes can be maintained for QUITE a long time, several years, as long as there is constant growth... It is doomed to collapse eventually though (social security is a ponzi scheme) |
Amway is one such company pretty famous in India. |
|
|
|
|
