Hyipbit.com any good?

[Global BTC]

This explains it all pretty clearly:  http://hyipbit.com/invest.html

You never have to ask to withdrawl your money.  You get 50 payments of 5.0%, 5.5% or 6.0%, depending on how much you invest.  Payments are made every week day because, I guess, money has to sleep on the week ends?

So, lets say you do what I did and invest 2000 BTC in order to maximize your profits.  Since the deposit is worth over $5000 it pays 6% per day.

Every week day I get 120 BTC deposited directly into my wallet (this sure is nice - it just makes my day and I get kind of blue on the weekends because I don't get my 120 BTC)

They are going to do this 50 times so my total deposits will be 50 x 120 BTC = 6000 BTC.

So I am going to make a 4000 BTC profit in just 10 weeks.  Sweet!

That's what they are saying they will do. The problem here is this: How do you know they will keep their promises? In reality, you will probably only get the first few payouts, if any at all. After that, all traces of the site's owners will be gone.

A BIG warning sign is that there is no personal information on anyone behind the service available on the site. All there is is a PO box and a telephone number.

[1713509112]

1713509112

[BurtW]

All there is is a PO box and a telephone number.

Wait, we have their phone number and PO box?  That is more than I expected!  Let me look...

Sure enough:

Also you can use our online chat support or call  +1 (209) 813-2065
Hyipbit.com,
P.O. Box 355, 6928 Pede St. CA

Now I am even more confident that I did the right thing

[opticbit]

If you're trying out ponzi's, join my 'pooled' matrix idea (Shared payouts from the top account) https://bitcointalk.org/index.php?topic=70102.0

i want to see someone get the 10btc payout out of matrix

already did
http://btcmatrix.com/ref/opticbit was #64

[drakahn]

If you're trying out ponzi's, join my 'pooled' matrix idea (Shared payouts from the top account) https://bitcointalk.org/index.php?topic=70102.0

i want to see someone get the 10btc payout out of matrix

already did
http://btcmatrix.com/ref/opticbit was #64

you got the 10btc? because you didn't join under my pooled account only inaba has so far, the details are in the thread i linked but anyone who joined under the account 'pooled' gets a cut of any payments that account gets...

[opticbit]

been 40 hrs since my original spend, nothing back yet.

noticed someone spent 5btc a couple blocks ahead of me,  did you get anything yet? and someone else sent 10 btc a little after me.  anyone use my referral link? I didn't get anything from that either. 

[dollartrader]

Burt said The owner of hyipbit said to email him if you did not receive your payment. He's pretty quick with response.

support@hyipbit.com

[opticbit]

minimum deposit has changed from 2 to 5

[opticbit]

Contacted live support, got some coins.


8acab7c02a01c9aa82a36812539d4f746ab42a227bf5da13e468c6082dc6f4f3

[opticbit]

been getting regular payments every weekday, got 50% back sofar, just a afew more days to break even.  havent gotten any referral payouts though, not sure if anyone used my link.

[kokojie]

This sounds very much like a Ponzi scheme.

I don't see how it can be since it pays 5.0%, 5.5% or 6.0% per day return.  If it was a Ponzi scheme it would have a lot smaller return in order to last longer.  Why would they use such a large return if it were just a Ponzi scheme?  As a Ponzi scheme it would not be able to be supported with such a high rate of return.

Also, why would you put HYIP right there in the name if you were a HYIP?

In order to make the 6% per day return I had to move all of my money out of my Pirate@40 account into this one.

Do you really think that was a mistake?

Nope, a ponzi scheme can run perfectly fine with 5% daily return, as long as new investor growth rate is able to cover that, you will always have positive cash flow.

[BurtW]

This sounds very much like a Ponzi scheme.

I don't see how it can be since it pays 5.0%, 5.5% or 6.0% per day return.  If it was a Ponzi scheme it would have a lot smaller return in order to last longer.  Why would they use such a large return if it were just a Ponzi scheme?  As a Ponzi scheme it would not be able to be supported with such a high rate of return.

Also, why would you put HYIP right there in the name if you were a HYIP?

In order to make the 6% per day return I had to move all of my money out of my Pirate@40 account into this one.

Do you really think that was a mistake?

Nope, a ponzi scheme can run perfectly fine with 5% daily return, as long as new investor growth rate is able to cover that, you will always have positive cash flow.

You realize I was joking, right?

[BurtW]

I fear this HYIP may have run its course.  I deposited 5 BTC and should get 5%/weekday (money has to rest on the weekend for some reason) for 10 weeks, so 50 payments of 0.25 for a total of 12.50 BTC.

Everything was going according to plan until they missed the last two payments:  http://blockchain.info/address/1NuB6C3fmCZPR77PXxpK1TwKnJPAkYGH51?filter=2, notice the last payment was made on 2012-05-07.

Let's see if they can get this back on track and get me my missed payments!

Here is their expaination:

Dear friends,
we're moving our payout system to a different schedule, due to a very high load. There were some glitches along the way, but we're almost done.
Please don't worry, we're working as normally.

[opticbit]

glad I only put in a little bit, and only re-invested the returns..

hope this is the reason the payouts have been reduced, but I suspect the ponzi ran out of steam.

http://www.thebitcointrader.com/2012/05/developing-bitcoinica-hacked.html

[Raoul Duke]

Get out of ponzies and join an inovative pyramid... err... PyraMining!
My initial 7 BTC investment will get me 208 BTC over the course of the next 10 months.
No, I'm not kidding, I got one of my referrals to deposit 2000 BTC.
 If the referral link you click doesn't work, pick another one or PM me.
By using a referral link you get 10% of reward on top of your investment instead of only 5%.

http://www.pyramining.com/referral/ce748ktdz
http://www.pyramining.com/referral/6b3eghm7k
http://www.pyramining.com/referral/fe2h6ptar
http://www.pyramining.com/referral/arbzfhp32
http://www.pyramining.com/referral/f3ydz47mk

[Vorksholk]

So has the situation improved with getting regular payouts? The bitcoin transactions link didn't show anything after the 7th, but perhaps other people have had some luck? Any new word from hyipbit either? Just curious, was doing hkbtclending, but the returns on this investment hyipbit seem just a bit too good to be true...

[donking]

hyipbit.com = SCAM.

As of May 2012 there is no more payouts. There is no response on email.

Do yourself a favor and stay away.

[BurtW]

hyipbit.com = SCAM.

As of May 2012 there is no more payouts. There is no response on email.

Do yourself a favor and stay away.

This was a scam from the very start.  If you got in very early you got your money plus some profit.  If you got in late you lose.  Simple ponzi.  No reason to send them money now - that would be just plain stupid.

[opticbit]

hyipbit.com = SCAM.

As of May 2012 there is no more payouts. There is no response on email.

Do yourself a favor and stay away.

This was a scam from the very start.  If you got in very early you got your money plus some profit.  If you got in late you lose.  Simple ponzi.  No reason to send them money now - that would be just plain stupid.

yes, I was continually re-investing, I end up at a small loss.

[jallen]

If you want to stay out of ponzi schemes, you can use any of my referral links to pyramining.com:  http://goo.gl/9OSsk