Wednesday, February 25, 2009
***FRIEND OR FOE???***
...There is a multitude of members who would have you believe that longevity is your friend...I beg to differ...recently there was a very large and lengthy HYIP called LargeSum that crashed after lasting what seemed to be an eternity...and what do you know? It went down in flames taking everybody's money with it. What may seem to be a friend can easily be a foe. This is something I learned years ago and yes I learned the hard way and it cost me a lot of money to start getting it right, but the education was worth it. For serious investors risk is something that we understand and fully accept. In order to be a real investor you have to be mature in regards to risk...risk is all around us. Many attempt to discredit the HYIP market by saying that its not real investing and that its just gambling...but any investment is gambling even the ones that the vast majority consider to be real. Just because there's a regulatory body doesn't mean it's being regulated...I've traded stocks for years and still do so to this day and I can tell you from personal experience that the risk is sometimes greater than HYIP, you can lose thousands of dollars in minutes trading stocks. So all in all, don't think longevity is such a great thing when it comes to HYIP's...just consider yourself lucky that you had extra time to get out.
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If practically all HYIPs are Ponzi schemes it
ReplyDeletewould be useful to monitor the number of investors participating in the program. if the rate of growth of the number of investors starts declining it would be wise to get out
as soon as possible. Does anyone know how such
information about a particular HYIP can be obtained?
Truthfully thats a good idea maro1 but that information will probably never be available unless the HYIP arena makes some major changes but I think it would be great.
ReplyDeleteat least a partial answer for your idea, maro, is alexa's traffic monitor site. It doesn't tell how many people signed but - imo - lowerig traffic can suggest that people stop visiting site (stop to deposit and withdraw currencies).
ReplyDeleteAnother thing is that - suddenly sky-rising traffic can sugest that once peaceful program starts to mutate into ponzi, which is a powerfull red flag too.
...thats somewhat true, but you can't really determine an HYIP's rate of growth simply by its Alexa traffic ranking, you'd need to have access to the number of members and then you could gauge the growth fairly easily.
ReplyDelete