Bitcoin Forum

Other => Beginners & Help => Topic started by: Moxed on June 27, 2011, 09:56:23 PM



Title: A bitcoin investisement program !
Post by: Moxed on June 27, 2011, 09:56:23 PM
Hi there,

I've receive an email today, new website open a few days ago according to their stats.

It's a HYIP ( High-yield investment program ) website accepting bitcoin.

They offer upto 150% after 5 days based on your deposit.

Predy nice, personally im trying the daily plan at the moment.

Come in, join under me and ill give out my referral bonus !

http://www.bithyip.com/?ref=moxed


Title: Re: A bitcoin investisement program !
Post by: BitCoinBarter on June 27, 2011, 10:44:50 PM

I've receive an email today, new website open a few days ago according to their stats.


You were spammed. That is not a good sign.


They offer upto 150% after 5 days based on your deposit.


150% after 5 days Seems like a Ponzie  Ponzi Scheme.


join under me and ill give out my referral bonus !


They give out a referral bonus for new people (i.e., victims).
Who started this? Was it the person who started Bitcoin Plus?

Get away from this as fast as you can.


Title: Re: A bitcoin investisement program !
Post by: Moxed on June 27, 2011, 11:02:08 PM
no clue,

I've been playing a lot with "Doubler" on forums where they say we should double our money in a "round"

So far i've been only loosing, so giving a try at 1BTC would not kill me !

Will post result tomorrow if i cashout something.

i used the daily plan.


Title: Re: A bitcoin investisement program !
Post by: lordbuggie on June 27, 2011, 11:42:38 PM
I agree.  This must be 'crap', or as some call it 'spam'.


Title: Re: A bitcoin investisement program !
Post by: BitCoinBarter on June 28, 2011, 12:17:06 AM

So far i've been only loosing, so giving a try at 1BTC would not kill me !


Moxed,

I did not go to the site, however (you knew it was coming) if it does payoff then that doesn't mean it's not a Ponzi.
That is how a Ponzi works. They pay off until they can't.

The thing is that there will be a point when it does't pay off. That is when people get burned.

As you stated, 1BTC would not kill you (it would me since I don't have that much). So you put in the BTC and get a return. Great!!!

Then you may say (many people will), "Hey, that worked!! Let's try it again." It pays off again. You tell family and friends and before you know it, you have more BTCs into this. Before you know, it comes crashing down. Now you are sad.  :'(

How long will it take before it goes down. No one can say. It can be days, weeks, or years.
It took about 10 years* before Bernard Madoff's** Ponzi can to light. I'm not saying that people did not know this was a scam before that. People just didn't believe (or want to believe).

Harry M. Markopolos published a book about this called, No One Would Listen: A True Financial Thriller
Will I be able to write No One Would Listen 2, if that scheme takes off? I wonder if I'll get paid in BitCoins when this happens?  :)

* I use 10 years because that how long it took for the U.S. Government started to believe. This was after Harry M. Markopolos went to the U.S. Securities and Exchange Commission (SEC) with proof (Look SEC, the numbers do not match). Now the U.S. thinks this was going on since the 1970s. See http://en.wikipedia.org/wiki/Bernard_Madoff#Investment_scandal for more details.

** Madoff pleaded guilty in March 2009 for his Ponzi. That was a good run.


Title: Re: A bitcoin investisement program !
Post by: Grant on June 28, 2011, 12:26:07 AM
I received the same spam...

Quote
From:   Jasper (Jasper@gmail.com)
Sent:   Tuesday, June 28, 2011 1:02:55 AM

Hello,

I've found an aweomse opportunity to invest our bitcoin safely.
Based on a HYIP concept BitHyip offer upto 150% in return after 5 days.

They also provide a daily profit plan !

Please use my referal link to signup.
Email me back and i will send my referal bonus to you !

http://www.bithyip.com/?ref=jasper

Talk to your friends about this awesome news !

Jasper.
I have to thank Jasper for inviting me to tell everyone about this. Well, here's what i think:
It's an outright fraud. The terms safe and invest are totally falsely used. The odds of getting something out are not specified (because unlike on a gambling device they aren't fixed and can be as low as 0.00%). If you plan on gambling your money away, NEVER play any games that don't specify the odds (something these HYIP-scams never do).


Title: Re: A bitcoin investisement program !
Post by: Moxed on June 28, 2011, 02:03:43 AM
Hope, and im sure ill get my invest back ( 1 btc )


Title: Re: A bitcoin investisement program !
Post by: Elwar on June 28, 2011, 02:14:55 AM
Wow...based upon the spelling I would say that the OP and the spammer are both the same person.

Run run run!


Title: Re: A bitcoin investisement program !
Post by: czebrda on June 28, 2011, 08:07:32 AM
http://en.wikipedia.org/wiki/High-yield_investment_program


Title: Re: A bitcoin investisement program !
Post by: tool_462 on June 28, 2011, 08:50:43 AM
Wow...based upon the spelling I would say that the OP and the spammer are both the same person.

Run run run!

Yeah, funny when people have some punctuation or spelling quirks that are so easy to identify.


Err... I mean...

Yeah, funny when people have some punctuation or spelling quirks that are so easy to identify !


Title: Re: A bitcoin investisement program !
Post by: digigalt on June 28, 2011, 11:45:36 AM
It's probably just a scammer that wants to ride on the coattails of our hard work.