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Is HYIP serious or scam?

Discussion in 'General Business' started by goldensea80, Nov 30, 2005.

  1. #1
    Many people invite me to use HYIP. But I feel that there are something wrong. Where the money come from? For example, 12dailypro, they they claim you earn 12% for 12 day. With $1000 invested, I can earn a lot of money after only 12 days. It's too good to be true for me. They can take the money and close the website after sometimes?
    Anyidea?
     
    goldensea80, Nov 30, 2005 IP
  2. fryman

    fryman Kiss my rep

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    #2
    HYIP? What's that?
     
    fryman, Nov 30, 2005 IP
  3. SamOwen

    SamOwen Peon

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    #3
    Exactly what I was thinking...
     
    SamOwen, Nov 30, 2005 IP
  4. jbw

    jbw Peon

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    #4
    High Yield Invetment Program, they usually give some bablel about being profits from the FX Markets.... yes, fraud/scams.
     
    jbw, Nov 30, 2005 IP
  5. fryman

    fryman Kiss my rep

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    #5
    fryman, Nov 30, 2005 IP
  6. jbw

    jbw Peon

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    #6

    You mean 12% a day make you yawn???!!!???
     
    jbw, Nov 30, 2005 IP
  7. aeiouy

    aeiouy Peon

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    #7
    12% a day to could be 0 or infinity.
     
    aeiouy, Nov 30, 2005 IP
  8. fryman

    fryman Kiss my rep

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    #8
    You'd need to be really stupid to believe you are going to get 12% per day or even per month
     
    fryman, Nov 30, 2005 IP
  9. jbw

    jbw Peon

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    #9
    lottery n tax on the mathmatically challenged

    Some people do claim to be able to play HYIP by getting in during the first days and cashing out quickly. Like the ponzia schemes they usually pay out the first people to get good reviews and draw in more people.
     
    jbw, Nov 30, 2005 IP
  10. Monolith

    Monolith Member

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    #10
    It works if you get in and out early, letting the scheme fall apart for everyone who comes after you.
     
    Monolith, Nov 30, 2005 IP
  11. goldensea80

    goldensea80 Well-Known Member

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    #11
    Maybe I will test with a program for just 1 day to see what happen. I only invest few money I earned from internet :)
    I'll tell you the result.
     
    goldensea80, Dec 1, 2005 IP
  12. relixx

    relixx Active Member

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    #12
    As this is a test, just don't invest too much. Give us an update after the experiment, I for one would like to know how it went (I would never waste my money on these things, mind you, I'm just curious)
     
    relixx, Dec 1, 2005 IP
  13. Bryan

    Bryan Active Member

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    #13
    I have been paid by 12 Daily Pro.

    A lot of people have been paid by these programs, including me, I'm just scared it'll shut down soon, so I don't put that much money into it.

    However, if you upgraded right away with the max $12k, you would have made over $5k. Big risk, but big return.
     
    Bryan, Dec 1, 2005 IP
  14. DomainMagnate

    DomainMagnate Illustrious Member

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    #14
    I've been using 12DP for some time, always paid on time, but you never know when it closes..
    you can see some info about the program here:
    http://autosurfbest.com/12dailypro.htm

    Most of the HYIPs are scams, but there are few rather reliable ones.. like FeederFund, ILC..
     
    DomainMagnate, Dec 3, 2005 IP
  15. Kaabi

    Kaabi Well-Known Member

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    #15
    I hate autosurfs like 12DailyPro, Studiotraffic, Paidresponse etc. Studiotraffic does pay but it takes too long, and I hate when they say "backed up by offline forex trading..." makes me so angry. I have friends who were paid by 12DailyPro, but it's only a matter of time before it dies.
     
    Kaabi, Dec 3, 2005 IP
  16. DomainMagnate

    DomainMagnate Illustrious Member

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    #16
    Most of what they say is usually BS. But do you expect them to tell you the truth, that they are ponzi's?
    ;)
     
    DomainMagnate, Dec 3, 2005 IP
  17. fryman

    fryman Kiss my rep

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    #17
    People who use that kind of sites don't even know what "invest" means. They just think they are going to be rich with no work and then you see them whining on every forum because they lost their money.
     
    fryman, Dec 3, 2005 IP
  18. Roman

    Roman Buffalo Tamerâ„¢

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    #18
    I made a fair bit of money on HYIPs a few years ago, I had a good system for it that worked for me even though 75% never paid me back my initial investment if anything at all. If you do send some money consider it gone and anything you get back a bonus.
     
    Roman, Dec 3, 2005 IP
  19. DomainMagnate

    DomainMagnate Illustrious Member

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    #19
    I made some money with HYIPs too and I'm stil earning some... You can't get rich in it, but you can definitely earn some, you just need to be smart enough to recognize scams before it's too late and pull your money out ;)
     
    DomainMagnate, Dec 4, 2005 IP
  20. goldensea80

    goldensea80 Well-Known Member

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    #20
    :)),
    I just tested $1 and they close one day after that. Surely, HYIP is fraude!
     
    goldensea80, Dec 4, 2005 IP