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The site closed off because many people thought the site was a scam because the way they were treated was like Ponzi scheme and this made people to doubt the siteIt's not surprising than that new HYIP's are made so fast, if it's this cheap to set up a new one.
Since the establishers can make huge profits of hundreds to thousands of dollars with people's money, $2000 will not be a problem to start with.
Exactly, it is simply because of the easy access they have to creating one, that is how we have so many coming up here and there. And when it comes to marketing and promoting they are very good in those areas. They would begin to show you proof of investors that have invested and cashed out. Nobody actually tends to reason how come they already have investors that have gotten this huge amount in no time.It does not cost a lot of money to start a HYIP. You need a domain, a hosting account and script for HYIP program. If you don't know designing, you also need a designer and this all can b done in less than $1000. They might need $200 more for marketing. They can easily collect that amount in a couple of weeks.
When the business model cannot sustain the expenses that they will pay the investors then it will go bankrupt sooner or later. The investment of the site should be earning more than the earnings that they promised the investors. But my take on HYIP is they are all scams.They usually quit in the end and sometimes it happens too soon, since the foundation of those businesses isn't strong so there would be issues down the line
True , but sometimes it is because there is no longer Peter depositing and thus the Paul won't be paid because they will have to reserve money for them .HYIPs platforms get to close because they have reached their desired jackpot for their scamming scheme and it's time to bag their wealth and go enjoy themselves
Yeah, the foundation plays a big role in most of the hyips failing. But mind you most of them start with the reason of just scamming people. So once they have enough money to steal, they just close the site and go.They usually quit in the end and sometimes it happens too soon, since the foundation of those businesses isn't strong so there would be issues down the line
I believe most HYIP sites are legit while some of them are mostly scam but the inkynproblem is that they operate through a ponzi scheme and they also use Peter's money to pay paul.I have read many negative reviews about HYIP sites , and I can say that it is attributed to the fact that they operate through ponzi scheme.
That is , they collect from Peter to pay Paul , and once there is no Peter depositing , Paul can't be paid.
Few HYIP sites that closes is never becomes they want to scam people , some are as a result of Withdrawal request greater than deposit.
Thus , hyip sites can be long lasting if they can invest in a business that will be yielding money. For example , a hyip that will pay in a week intervals can put the money into business that Involves daily sales . At the end of the week ,they collect their own profit and pay back the users share . With this , hyip sites can be sustained.
No high yoerl investment plan wants to stay long and make people rich. The extra money they are paying is much , they just want to make their own money by sacrificing first , their moneyYeah, the foundation plays a big role in most of the hyips failing. But mind you most of them start with the reason of just scamming people. So once they have enough money to steal, they just close the site and go.
Like you just commented , HYIP is an ponzi like site which looks so much like betting , but what makes it different from gambling and betting is that its mostly a scam while gambling is real.HYIP is an alternate kind of betting. The facts confirm that numerous HYIP pays to investors, yet for a specific period. Be that as it may, most HYIPs are cheats and scams. Free cash doesn't mystically show up.
The reason why the side closes because people saw it has come and it was using a method of counseling to collect people's money.It's not surprising than that new HYIP's are made so fast, if it's this cheap to set up a new one.
Since the establishers can make huge profits of hundreds to thousands of dollars with people's money, $2000 will not be a problem to start with.
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