kashish948
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November 17, 2014, 06:13:09 AM |
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Sorry but what's HYIP  |
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Coef
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November 17, 2014, 07:03:35 AM |
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Sorry but what's HYIP HYIP stands for "High Yield Investment Program". As the name suggests, it offers users extremely high return (something like 3% a day or 20% a week) but eventually the system will collapse and the owner will run away with your money. |
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kashish948
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November 17, 2014, 07:10:58 AM |
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Sorry but what's HYIP HYIP stands for "High Yield Investment Program". As the name suggests, it offers users extremely high return (something like 3% a day or 20% a week) but eventually the system will collapse and the owner will run away with your money. Oh alright! Thanks! Pretty obvious it will be a ponzi scheme even if someone is paying regularly for sometime. Anyways, are there any running as of now? |
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Coef
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November 17, 2014, 08:11:08 AM |
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Sorry but what's HYIP HYIP stands for "High Yield Investment Program". As the name suggests, it offers users extremely high return (something like 3% a day or 20% a week) but eventually the system will collapse and the owner will run away with your money. Oh alright! Thanks! Pretty obvious it will be a ponzi scheme even if someone is paying regularly for sometime. Anyways, are there any running as of now? I don't see any in the first page in gambling, which is in fact a very good news.  Some recent HYIP/ponzi examples are: https://bitcointalk.org/index.php?topic=824055.0 and https://bitcointalk.org/index.php?topic=856130.0 |
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CarlesPuyol
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November 17, 2014, 08:34:07 AM |
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HYIP was made for people who like risks and don't afraid to lose money, I don't know legitimate HYIP  |
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angeloanggam
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Ace of ♠♠♠♠
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November 17, 2014, 08:36:43 AM |
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Still not sold of HYIP idea. To risky for a smalltime btc owner like me.
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blueseal
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November 17, 2014, 10:56:39 AM |
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Unfortunately there is no legitimate HYIP, in the end they all close
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Chemistry1988
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November 17, 2014, 11:27:57 AM |
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Nope, no one in the world can get that kind of high, sustainable, risk-free return rate, legally or not.
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myohmy81
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November 17, 2014, 12:13:01 PM |
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not existence
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Watoshi-Dimobuto
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November 17, 2014, 12:17:09 PM |
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Is there any such thing as a legitimate HYIP?
Is there any such thing as a mutant pink flying billionaire elephant who has 10 Bitcoins in his blockchain wallet and have never visited Earth in its dreams and is married to an orange donkey? |
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Snail2
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November 17, 2014, 01:48:02 PM |
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Theoretically possible. Some day-traders in the altcoin scene can repeatedly make yields far higher than 50%/annum. However they not used to start HYIPs.
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dothebeats
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Cashback 15%
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November 17, 2014, 02:29:50 PM |
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Nah. The business model to gain profit is unsustainable itself. How come those *experienced* traders ask for others' money to start their own business? I mean, if they're experienced in their craft, how come they don't have the $$ to start the business in the first place?
Seems legit.
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Snail2
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November 17, 2014, 04:48:14 PM |
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Nah. The business model to gain profit is unsustainable itself. How come those *experienced* traders ask for others' money to start their own business? I mean, if they're experienced in their craft, how come they don't have the $$ to start the business in the first place?
Seems legit.
Is this a question for me? |
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coincolonel
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November 17, 2014, 04:59:57 PM |
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Theoretically possible. Some day-traders in the altcoin scene can repeatedly make yields far higher than 50%/annum. However they not used to start HYIPs.
Agreed, but there's still risk. I dont really get the question, what does 'legitimate' mean? Legal or ethical? I think if the investors are well informed of the risk beforehand, it is ethical. Legal is of course.. as long as it is legal in law. The problem with HYIP is usually the owner focus more on the HY rather than the risk. |
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CrackedLogic
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November 17, 2014, 05:59:34 PM |
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Nah. The business model to gain profit is unsustainable itself. How come those *experienced* traders ask for others' money to start their own business? I mean, if they're experienced in their craft, how come they don't have the $$ to start the business in the first place?
Seems legit.
Is this a question for me? rhetorical question? |
 BUY GAMESWITHBTCITCOINFORDISCOUNTEDPRICES |
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Snail2
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November 18, 2014, 11:09:40 AM |
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rhetorical question?
For rhetorical question it's good enough, and he's right, a successful trader most likely will not start a hyip. |
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Snail2
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November 18, 2014, 11:32:31 AM |
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Agreed, but there's still risk.
I dont really get the question, what does 'legitimate' mean? Legal or ethical?
I think if the investors are well informed of the risk beforehand, it is ethical. Legal is of course.. as long as it is legal in law.
The problem with HYIP is usually the owner focus more on the HY rather than the risk.
Of course alts are a highly risky business. Sometimes I think the altcoin boards should be moved here into the Gambling . I think legitimate in this case means something like "real" or "proved to be working" . |
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angeloanggam
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November 18, 2014, 11:36:36 AM |
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How "high" is a High Yield Investment Program?
What amount of BTC are involved?
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Shogen
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November 18, 2014, 03:57:21 PM |
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How "high" is a High Yield Investment Program?
I don't think there is a clear line for that. But for me, I won't trust someone claim to guarantee a 20% yearly return. Good traders can get 20% return frequently but they can't guarantee that. |
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leex1528
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November 18, 2014, 04:27:50 PM |
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I would say yes, there is legitimate HYIP's.
As long as they are upfront and say" THIS IS A HYIP, IT COULD CLOSE AT ANYTIME, DON'T BE THE LAST ONE TO INVEST"
It would essentially be no different than gambling, except here you could have better odds...
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