Is HYIP a pyramid scheme?
By Skyshr
@Skyshr (79)
Hong Kong
June 16, 2007 1:17am CST
I am looking forward to investing money on some online business to earn some extra dollars.
The interest rate provided by HYIP is very attractive.
But some people said it is a pyramid scheme, which means the people on the bottom will not be able to earn, is this true?
Currently I notice these two sites:
http://www.relaxbusiness.biz/?r=Skyshr
http://www.a3union.com/?id=800021262
They look genuine, unlike some sites which use the same script. What do you think?
1 person likes this
9 responses
@efreddy (250)
• Belgium
23 Jun 07
I agree that it's better you can do it by yourself,at least afterwards you know why you have make a profit or a loss,I don't trade in Forex but I'm active on the option market,I'm not active every day,during the last 30 days I have only made 4 transactions ,they were all succesfull(+20.84%,+17.51%,+18.43%,+16.73%),when you look back on it it could be much better,but it's a very nice return.
It could be much worser too.
@imransyed (266)
• Pakistan
18 Jun 07
Hmmm so dear friend if you want to invest in HYIP then remember this is high risk to invest these type of sites. well there is some really reliable sites, i am also HYIP investor. but i am getting loss when i invest in high return offer. invest in low return then it is possible to earn more money. and choose 1% to 5% plan sites. then u will be safe. check this one. this is new and looking reliable and long term plans. i already invested and got paid from them http://www.saintrade.com/?ref=4256588
@chenjun_yao (814)
• China
18 Jun 07
yes, I have to say most of the HYIP are scams. But there are still some good sites. A3, i think, is rather good. It has run for more than a year!
@marymarj2002 (1769)
• Philippines
24 Oct 07
I am sorry for relaxbusiness today because they now are not working, all the people's investment are gone including mine. Lesson learned investing in this kind of thing is very risky and never invest what you can not afford to loose.
@moneygod1 (15)
• Singapore
24 Oct 07
Sorry to hear of your loss,I too have lost hundreds investing in HYIP a few years back.I tell u the best way is to setup your own business online or trade forex with your own skills.I knowit takes a while to learn but the rewards are amazing.
Take care!!
Chris
@abedelrahman1 (356)
• United States
16 Jun 07
yes i raid about them on yahoo anwers
1 person likes this
@Skyshr (79)
• Hong Kong
28 Oct 07
HYIP stands for High Yield Investment Program. It is basically an investment program in which you have a chance to earn a lot of money. However, it is associated with high risk. You may lose all money that you invested.
The reason for high risk is because there are many cheaters in the Internet, commonly known as scammers. They build a website and promise to pay you a good return, for example, 150% of what you have invested, after 1 day. However, most scammers do not keep their promise. They run away with your money. That's why there is high risk. However, it is not proven that all HYIPs are scams, so nobody knows whether a program is a scam until it ends.
Personally I do not advise beginners to invest in HYIP because it is really dangerous and it is easy to lose all money that you have.
@emisle (3822)
• Ireland
26 Jun 07
People say that 90% of hyips are scams. I always avoid ones that claim to pay 30% daily etc as these can't survive.
http://www.pathway-2-prosperity.net?r=emisle
This is one site I invest in. They claim they can sustain themselves without new investors and so far they haven't let me down. You can't withdraw until your plan is over which adds to its stability
http://www.russoproject.com/ref_investor3069.html
I've been very impressed with the admin of this site. Over the last 5 days the site has come under 2 seperate attacks, something which happens to a lot of good hyips. Even while the site has been down the admin has continued to make payments to all members. He has purchased protection from Blackdos.net and hopefully this will be the end of it all.
I've heard lots of great things about a3union though I think their customer service is poor (had a problem but never heard back from them on 2 occasions so I didn't invest)
I also joined relaxbusiness.com but haven't gotten around to investing in it yet..:)
@cathylmg (283)
• Singapore
3 Nov 07
I think both are classified scam now.
cathylmg
http://govege.blogspot.com
@moneygod1 (15)
• Singapore
24 Oct 07
They are scams please don't join them.Look at their websites now,relaxbusiness has simply vanished into thin air with people's money!! This is crazy.
Please don't join all these so called HYIP.they are scams!!
Why don't nobody listen?
