Is there any such thing as a legitimate HYIP?

[ArchersCall]

Is there any such thing as a legitimate HYIP?

I see posts for who not to use, but never any posts saying that "these guys are legitimate" at least not from anyone but spammers. 

Thanks

[koshgel]

No because the profits model is inherently unsustainable

[Seketsuna]

there is no such thing as a legitame HYIP!

[onlyyou]

every HYIP definitely ended up with scam...

[shanem]

HYIP will eventually turn to scam as they can't continue paying so high interest.
If I am able to pay such high interest regularly, I won't open a HYIP but just increase my money myself.

[dooglus]

What do you mean by legitimate?

I figure so long as they are upfront with the facts, it's OK.

It's not OK when they claim to be able to make guaranteed huge returns doing forex / gambling / investing / whatever else.
It's not OK when they say you can't lose.

But if they lay out the rules, including what they do when they inevitably can't afford the next payout, then I don't see a problem with it.

I once rated a guy positively for running an honest Ponzi scheme. He was clear about how it would be run, and what would cause it to shut down. I've not checked on it recently - I expect it fell apart like they always do, but at least nobody should have been surprised.

[galbros]

As much as I would like to believe, there are just no investments that generate anything like the return that is often promised by these "programs."  Maybe if they did something almost sustainable like 1% a month rather than per day, but even that is not easy to achieve.

Good Luck.

[dooglus]

As much as I would like to believe, there are just no investments that generate anything like the return that is often promised by these "programs."  Maybe if they did something almost sustainable like 1% a month rather than per day, but even that is not easy to achieve.

You're missing the point. You're not meant to believe.

The early "investors" make a good profit, the later ones lose everything.

The skill, such as it is, comes from only playing if you think it will keep running long enough that you'll make your profit from the people who come after you.

So long as all the people who play know the rules, and know that they lose their investment if they're too late, then I don't see a problem with it. What tends to happen though is that some people fail to look into what they're getting involved with, and don't realise that they are running a risk of losing their deposit. Usually that happens because the Ponzi operator lies to them about his scheme, but even in the thread I just linked to (where everything was clearly explained) I see it ended with a disappointed player who was surprised to get back less than he put in...

[sandykho47]

I think 99.99% not happen
Early investor will get profit, while late investor won't get any profit

I ca say invest in HYIP is as risky as gambling with 25% chance to win.

[CrackedLogic]

Most of the time it is illegitimate,
The interest rate becomes too high and thus becomes a ponzi. Most hyip are ponzis by default if not proven. however there can be "honest" programs that states what method is used to generate your funds.

I haven't invested anything yet, but look at laxotrade;the famous blockchain spammers. They seem to be legitimate.

[lg1500]

paidverts accepting bitcoin, and its something like hyip, but cant turn into scam, you need learn about this. and dont forget type for ref : lg1500 xd

[AT101ET]

Interestingly I just read a book on the $65 Billion Maddoff scam.
He knew from the beginning that it was impossible to make it work. He planned on making it a small Ponzi scheme and then get out before it became big.
All these schemes are based on the rob Peter to pay Paul principle. The only way to find the pyramid is by borrowing off others. Once your flow of cash stops (people stop joining) the whole thing kind of flops. In every HYIP someone is going to lose. - Actually, most people are going to lose. 

[galbros]

As much as I would like to believe, there are just no investments that generate anything like the return that is often promised by these "programs."  Maybe if they did something almost sustainable like 1% a month rather than per day, but even that is not easy to achieve.

You're missing the point. You're not meant to believe.

The early "investors" make a good profit, the later ones lose everything.

The skill, such as it is, comes from only playing if you think it will keep running long enough that you'll make your profit from the people who come after you.

So long as all the people who play know the rules, and know that they lose their investment if they're too late, then I don't see a problem with it. What tends to happen though is that some people fail to look into what they're getting involved with, and don't realise that they are running a risk of losing their deposit. Usually that happens because the Ponzi operator lies to them about his scheme, but even in the thread I just linked to (where everything was clearly explained) I see it ended with a disappointed player who was surprised to get back less than he put in...

No, we're talking about two different things.  1% a month is very high yield and maybe could be sustainable, what mostly occurs though is what you are talking about, where it is a de facto game to who gets in and out fast enough.

Edit:  I agree 100% with what Polarpoint says below.

[caga]

Is there any such thing as a legitimate HYIP?

I see posts for who not to use, but never any posts saying that "these guys are legitimate" at least not from anyone but spammers. 

Thanks

Its hard to define legitimate here. A lot of these schemes, to continue paying huge sums of return, but eventually fail, as they run it like a ponzi. However, some ponzi schemes, clearly state that they are running a ponzi or HYIP scheme, and run it honestly. But, they make it clear that people who participate late will not be paid.

[PolarPoint]

HYIP stands for "high yield investment" program, if your definition of "high yield" is more than 50% per annum, than HYIP is not sustainable. If your definition of "high" is 10%, then HYIPs can be legit. Nearly all the HYIPs found here on this forum are pure scam.

[bajing]

legitimate i think it's not,that just a word for make people interested and believe for  invest they money..

[Coef]

Is there any such thing as a legitimate HYIP?

I see posts for who not to use, but never any posts saying that "these guys are legitimate" at least not from anyone but spammers. 

Thanks

Just ask yourself 2 questions.
1. Do you believe someone is able to make such a high yield (say 2% a day, equivalent to  137740% a year) legitimately?
2. Do you believe someone has tested the "special earning method" and was able achieve the claimed high yield, while asking for your little investment?

[caga]

1. Do you believe someone is able to make such a high yield (say 2% a day, equivalent to  137740% a year) legitimately?

That is another point to consider. Its almost impossible to get such a high rate of interest. If they could do that by any means, say mining/Trading, then they could just invest 100$ in it, and be millionaires with a few months, as the interest would get compounded to produce a big return.

[FanEagle]

Absolutly not.

[Coef]

1. Do you believe someone is able to make such a high yield (say 2% a day, equivalent to  137740% a year) legitimately?

That is another point to consider. Its almost impossible to get such a high rate of interest. If they could do that by any means, say mining/Trading, then they could just invest 100$ in it, and be millionaires with a few months, as the interest would get compounded to produce a big return.

Exactly. Those HYIP owners usually claim they need your investment because they don't have enough capital to start. But they also claim they are "experienced" miners/traders/etc that have been using a safe way to earn incredible profit. Sounds legit.