Wednesday, February 4

Recent Scam Wave

Hello investor!

As many of you noticed than lately many projects just have stopped paying one by one. It is very unfortunate to see such scam wave in the start of this year and in this article I want to talk about main reasons of this scam wave and what to expect after this scam wave.

For anything what happens there is reason behind that and even for such scam wave there is several key reasons what have played role in recent events. I’m sure that there is lot more behind the scene, but today I will talk about main reasons what caused this scam wave.

Changes in fiat currency market

First thing what I would like to talk about is changes in currency market. Many of you know that biggest HYIP players historically and today come from Russia and lately Russian Ruble have lost its value quite a lot (see chart here). Because of this collapse of Ruble Russian players can’t afford to buy that much USD currency (Perfect Money, Payeer, etc.)  with what they would be able to invest in HYIP because main HYIP currency is dollars. The same with Eurozone, Euro is getting weaker (not as much as Russian ruble, but still, see here) and also European players can’t afford that much USD currency, as they were able to purchase before.

EGO Pay collapse

EGO Pay was not really popular HYIP currency after all, but there were players who were using EGO Pay as currency what to invest with.  Yes, EGO Pay market share was very small, but surely it had some little affect to industry as well.

Bitcoin value

Lately Bitcoin value is jumping around like a rabbit, one day it is going down, another day its going up and there is no real stability with Bitcoin these days. I know that several HYIP players have exchanged Bitcoin back to fiat currency because they are just waiting until things will calm down and than they will start to use Bitcoin again.

Shortage of money in projects

All three first reasons are just making shortage of money in HYIP projects because lets be honest – all HYIPs is Ponzi schemes and new investors are necessary in case to pay out money for old investors. With this I just want to say that if less money arrives in industry less time projects will be online because for HYIPs there is need for exponential growth. If all players invest in the start growth does not occur and administrator of project is forced to close project even he have best inventions to keep project online for long period of time.

Competition among projects

“Black December” usually is very quiet period and both investors and administrators are waiting for January when new HYIP season starts. Usually at January start a lot of projects and this year competition was very tough. Many good projects started in and since many of them did not received enough deposits most likely administrators just decided to run away or for some projects funds what to pay just run out and administrators just were forced to close.


In the end I must say that everything comes down to two main reasons what caused this scam wave – competition among HYIP projects and changes in both fiat currency and e-currency market. Even around we see a lot of negative these days I must say that good projects will survive this scam wave without problems and remember that if you choose to invest in old HYIP than do it very carefully and think at least three times before investing. Usually real activity of market starts at early February, but I guess this year it will happen little bit later because of this unfortunate scam wave. But don’t worry I’m sure it will take maximally two weeks and new, promising projects will start to spring up like mushrooms after a rain and market situation will be back to normal.

David
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7 comments:

  1. I think that most of the programs are not genuine HYIP investment business. Members only payments given back little by little. But only as long as the money is exhausted. Real stock market, forex binary options trading is not possible with regular stable profits. Or at least thousands of people to produce high profits. Maybe it is very difficult. I wonder how many people operate a HYIP program? I think sometimes just one person.

    ReplyDelete
  2. I laugh at these people throwing hundreds of dollars into fake companies purporting limo rentals, forex, bictoins, etc. There is no mention of the company anywhere on the internet yet "we've been around for years". Sure. And admins don't make HYIP sites because they want to help humans make money - they do it because they want money for themselves. Since HYIP doesn't take a cut of the profits, naturally the only way they can make $$ is by taking your investments (stealing, theft, fraud) and closing the site. You're better off just going into mutual funds by a reputable bank, not some fat drunken Russian hiding behind a fake company. Don't listen to the Eimra's of the world, only losses await you, not profits.

    ReplyDelete
  3. "Hope" projects will start to spring up like mushrooms after a rain and market situation will be back to normal :)

    ReplyDelete
  4. You forgot to mention the Number 1 reason why sites don't last anymore and why there are so many more scammers than honest admins who pay until the end.....newbies are being taught to take their principle out first chance they get. To hit and run in other words.

    We all want honest admins, but what is their incentive to take any risk when looking at their stats, and having to make a decision as to when to pull the plug? Players aren't giving them a chance to make the site grow slowly and steadily. Some people will run away from a site before the admin has even added a monitor.

    Blogs like this with an audience need to be more responsible. Teaching the "its us (players) vs them (admins)" mantra is the very reason why the arena continues to take a downward slide.

    ReplyDelete
  5. A payment processor is scam. NETELLER.I deposited $60 and don't see nowhere. My official and local bank says transaction computer. Neteller says transaction declined. I sent some documents. I lost $60. Support doesn't helps for me. When I deposited money with PayPal, and did not see in my account, I sent too times to PayPal, their Service helps for me. I got back my money.

    ReplyDelete
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