Welcome to the home of Bitcoin HYIPs.
Some people think that ALL H.Y.I.P.s (High or HIGHER Yield Investment Programs) are illegal or scams. Thats like saying all gambling or Casinos are illegal. We know that is not true. While most, if not all, forms of gambling has risks, there are some forms of gambling where the risks are greatly reduced due to the participants knowledge or skill. The same is true of HYIPs. And we also know that not all HYIPs are scams, and there are some that are run legally.
When dealing with online HYIPs specifically, there are two 2 problems:
1) People who run scams use the letters HYIP for their “investment scam”, but originally High Yield Investment Programs were just that – An Investment yielding a high return. Over 10 years ago the internet changed with the release of the Programs designed to make it easy to run a HYIP. Unfortunately, it made it easier to run a scam too.
But we’ve seen many that did not “scam”, and closed successfully with many happy participants eager to be involved again.
2) Like with most things, People made inaccurate associations. They began associating scam HYIPs with a ”Ponzi Scheme” – they are totally different things.
A Ponzi Scheme is named after Charles Ponzi, the Italian Con Artist who became known in North America in the early 1920s as a Swindler for his money making Scheme.
Ponzi promised Clients a 50% profit within 45 days, or 100% profit within 90 days, by buying discounted Postal Reply Coupons in other Countries and redeeming them at face value in the United States as a form of arbitrage. So a Ponzi Scheme is a fraudulent Investment Operation that pays returns to its Investors from their own Money or the Money paid by subsequent Investors, rather than from profit earned by running the Operation.
The Ponzi Scheme usually entices new Investors by offering higher returns than other Investments, in the form of short-term returns that are either abnormally high or unusually consistent. Perpetuation of the high returns requires an ever-increasing flow of Money from new Investors to keep the scheme going. This is usually impossible to sustain forever and the scheme eventually collapses.
So what makes an HYIP legal?
Transparency and Compliance.
To avoid scams and legal issues, find a Program with a reasonable level of transparency, one that is legally compliant in the Jurisdiction in which it operates, and has a good Track Record.
THAT IS WHERE THE LISTINGS AT BITCOINHYIPS.COM COMES IN.
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