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First of all what is a HYIP??
HYIP is actually an Investment Programs which are considered to be an unregistered investments which are confirmed to be typically run by many unlicensed individuals who are often known to be frauds....
HYIP means high yield investment programs.....
There are so many hyip scam that have scammed alot of people ,they have defrauded people and people lost millions of dollars monthly via the various hyip scams.....
The owners of these HYIP platforms will promised users some incredible returns that are very massive as a way to attract them to their website ,and once the clients get attracted to the investment offers made by the hyip then it means they can then be easily scammed by making them invest on the scam hyip...and the scam is done.....
Some of the hyip scams will even promise up to 100% daily returns on the investment of the users...these Atrracts more users to the hyip and that makes the scam easy to carry out....
The social media even makes it easier for the HYIP owners to be able to promote their hyip and scam unsuspecting public....some hyip scams makes millions of dollars yearly without getting caught or tracked....
When it sounds too good to be true then it might be scam.......
You can check out some hyip scams websites that have scammed people already.... Check it here...
https://www.hyipnews.com/hyip-monitor/blacklist/
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STOPCheck out the last post from @hivebuzz:
In the world of cryptocurrencies there are many scam sites, we must always be careful not to fall for these scams. Unfortunately many who enter the cryptoverse want profits quickly but things are not so.
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