TO HYIP OR NOT TO HYIP

in #steemit7 years ago (edited)

DISCLAIMER: There are allot of heavily opinionated people here on Steemit regarding HYIPs. I believe if anyone posts about any such company on here, they need to use the Single TAG for said company. I think that's fair, but using Bots to target people you don't agree with is even more shameful than a minnow not knowing the proper way to share their thoughts on a subject not every agrees with. Thank you.

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First, not all HYIPs are the same. Obviously.

Second, if you look into any forum regarding these high risk programs, you will find a couple of different ways to play these games.

All people are suppose to know not to invest more than they can loose.

But some people will put down 100, and then take their profit daily, even hourly, and that process of withdrawing frequently not only returns the initial investment quickly and frees any real risk of loss as they continue daily withdrawals.

These people are missing the whole point Einstein was making,

Albert Einstein - Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it. Compound interest is the most powerful force in the universe.

Another way to use HYIPs, again understanding they can go out like a light bulb and investing accordingly,

Is to set an exit point regardless. Such as 30 days, and taking all profits at 30 days leaving your original investment to start over.

This is the model I prefer because you get a little of the benefit of compound interest without all the risk.

Additionally, it is important to check a number of sites daily to see if anyone else is having any trouble and on the first sign of no payout to a whale who left their money to hyper compound which it does, and then cant get it out, that's when you would want to jump ship with your little nest egg.

This is the same as day trading except with Crypto.

You have to be smart enough to factor in many variables before selecting programs you might invest in. But you can not blanket the entire market as bad just because you either don't know how to play the game or you don't have the stomach for it.

Because you - while sounding conservative - would be wrong.

I would not expect everyone to day trade the volatility of stocks either, but people do it every single day and make allot of money from it. Is it for everyone - NO, but just remember what Einstein said, and ask yourself:

Who Am I, an Earner or a Payer.

And I would add, now that you know, who do you want to be...

We take risks daily, and we learn to make solutions work everyday,
HYIPs are no different.

PEACE.

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What the fuck is hyip? I read the whole piece, i liked the Einstein quotes, but wtf are you talking about?

High risk programs, using bitcoin, but high yield at the same time. They're called HYIPs.
It stands for High Yield Investment Programs, and they generally scare the piss out of some who don't know how to utilize them.

Thanks for info.