My 5-Year HYIP Experience
Real Story: My personal HYIP experience, then and now
Everyday, more and more people are losing their hard-earned money into HYIPs. This is because they still believe that someday they could beat HYIP admins and get a real profit. Their imagination and illusion destroys them. With E-gold’s continuing problem, the HYIP arena is changing a bit but scam admins are still finding their own way on how to continue their illegal activities.
These HYIPs could not be successful if not because of major scam promoters - the Talkgold, Moneymakergroup, and other HYIP forums that promotes scams. If someone wants to shut down the whole HYIP arena, he should shutdown these forums first.
Anyway, let’s get into my own point of view and experience.
Like most members of the Talkgold Forum way back early 2003 when I joined the public HYIP discussion, all of us had very strong faith with HYIPs. The large membership of Novalights and its popularity is a remarkable event in HYIP history.
As a newbie, I started investing with Novalights, put a little amount of $50 and when I got some profit, I added my principal momentarily. When it turned down, I believed it’s just the program’s specific problem so I continue doing some investments in other programs following FF, BI, FLO, Brideby, and others.
My total record in HYIPs resulted a small loss of $156.50 but was recovered due to Cyclers and other forum moderation jobs with YIWSN and CAN. The total result tells me that I gained a net profit of $5,870 from Cyclers and Doublers, specifically Easychairclub, J3V, and YMMSS.
Cycles and Doublers worked great with me but because of many people losing their funds while others are earning, this temporary arena ended earlier and did not lasted until today.
Although my losses in HYIPs were offset by my gains in cyclers, still I’m far behind success considering the time I wasted doing undesirable things with these scams.
After the fall of cycler arena, I decided to quit doing things with e-currency and shifted my gear to blogging (which I enjoy since then until today)
I know that most of you who managed to reach this site could read this so here is my final words for you.
“If you are doing HYIP business, you are putting your life, your family, and your future in serious trouble. HYIP is worst than Casino. You could never win. There is only one expert - the game master which is the HYIP admin. They will run away before you could beat them. There’s nowhere you could complain because this is the reality. As a HYIP investor, losing is your duty. What will happen to you and your family 2 to 3 years from now if you still with these programs?. Think and decide”
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July 27th, 2008 at 1:20 am
You are absolutely correct. HYIPs are 100% scams. Back when I was not aware of this, I once had $3,000 riding in one particular HYIP (stupid…I know). One of my friends also had $10,000+ riding in the same HYIP (even more stupid…I know). After two months, I had a gut feeling so I successfully withdrew $3,000 + $6,000 of my “earned” $12,000. About a week after that, the HYIP site went down and my friend lost his $10,000 “investment” and anything he had “earned”.
So the lesson here is, unless you’re the scamming admin, you can’t win. I made $6,000 but my friend lost $10,000. The admin ran off with $4,000 of our money in the end plus thousands more from other people. Investing in an HYIP is like letting a random person in the street borrow money from you. You don’t know their name and you’ve never met them. Why would you do such a thing?
I have chosen to not reveal my information, but I guarantee that this is a real story. Please stay away from HYIPs!
July 27th, 2008 at 3:56 am
I am you brought this up, Raden. Being still a newbie in this field of blogging and trying to make money on-line, this is a good lesson to learn.
However, if thsese forums are really promoting these scams, is it possible that someone somehow can do something about them before another poor victim can give in?
Thanks for sharing.
July 27th, 2008 at 4:46 am
Nope, you can’t do that… there is no way… the only thing to do is to stay away from them..
July 27th, 2008 at 9:48 am
Well.. I havn’t tried HYIPs yet. But.. I am just thinking to invest some. However.. its really based on LUCK.. So.. Better invest little low at first and as the Profits increase, the investment should be increased.
July 27th, 2008 at 12:05 pm
Whatever you say, HYIPs are scams and the best thing to do is to stay away from any HYIP program..
July 28th, 2008 at 4:00 am
I guess thats the reason Google, Yahoo or MicroSoft don’t have these kind of programs.. lolzzz
July 30th, 2008 at 1:53 pm
Glad I didn’t join any HYIP programs when I was a newbie. I still can’t believe there are such businesses in the world.
August 3rd, 2008 at 7:10 am
Well i do not think that word HYIP and bussiness or investing can be used in one sentence.
Aside of Hyip admins, there are also other scammers in this community if you will, they are hyip forums owners and hyip monitors admins, they all know exactly what is happening there, yet still they refer most of people who are “investing”.
As for shutting down HyipInvestment and TalkGold forums, even if it would be done, than soon enough new forums would take their place.
August 11th, 2008 at 4:12 am
The only long term winner with HYIP’s are the creators and admins. I never got into these programs, but know of several people that did well because they got a heads up and placed their money early and withdrew it all at the top.
August 12th, 2008 at 6:38 pm
Even the traditional HYIP scammers ran away, even more so if it’s done online. Dont ever go near.
If the networking or “business” has no product offer, but only accepts “investments” , dont ever ever think of joining!
August 19th, 2008 at 12:47 am
Hey, Thanks for sharing your story. I’ve always wondered if they really worked or not. LOL, silly me for even thinging it.