Liberty Reserve Down Time Problem: A Review and Impact Analysis

Recently, Liberty Reserve, the largest and most popular payment processor in the HYIP world went offline. According to them, it was done to enable them carry out maintenance and also add new features. It is also clear that many users accounts were affected when they were blocked in error by Liberty Reserve’s automated scripted. While we enthusiastically welcome back Liberty Reserve, it is worthwhile to note that the sad part of the downtime (or maintenance) is that that it took rather too long to resolve.

The euphemism ‘forced extended maintenance’ did little or nothing to calm the HYIP industry fears, of potential scams. This is in view of the fact that maintenance scheduled to last between 2-4 days have extended beyond 7 days.  Ironically, the fear is however not of a Liberty Reserve scam, but rather hundreds of HYIPs which heavily relies on them. The last time, another popular payment processor – Solid Trust Pay, carried out similar maintenance, some HYIPs like Investoria.com and Silverstructure went down under the fog in a scam.

All HYIPS (and indeed many business) depend on cash flow – either when paying old investors, or receiving new investments. When a major payment processor in the mold of Liberty Reserve goes down, the ripple effect in the HYIP world can be very devastating.  Newer HYIPS are mostly affected, as they are mostly set-up with Liberty Reserves as their primary payment processors. Fairly old HYIPs will be inundated with bad votes, until HYIP Monitors downgrade them to ‘PROBLEMS’ or ‘NOT PAYING’ which usually ring the death knell for most HYIPs. Only the well established ones usually survive, with little or no issue.

In the end, investors and users of the processors are the biggest losers in some of these needless ‘extended maintenance’ of systems which are not 'obviously' broken.  It is also important to suggest that when new features are to added to a sensitive business like Liberty Reserve, best practice and industrial standards requires that it be done with little or no disruption to the existing system, using a combination of cut-over and rollback techniques.

Though Liberty Reserve promised to add Credit Card Funding option to verified users, while this is a good development, the time spent in this downtime, has done a lot of harm to various users of their system. It’s high time Liberty Reserve users (HYIPs and other investors), who have not done so, diversified their payment processors. HYIPs program should also include features that enable them to easily migrate their subscribers to other payment processor.  

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Securing Your HYIPs Earning

Preventing losses and securing your earnings in High Yield Investment Programs (HYIPs) are the major concern of all HYIP investors. This is particularly important in view of the volatile nature of the HYIPs world. A few steps, taken consciously, will help you to prevent losses, or at least reduce the monetary value of such losses. Below are suggested measures to secure your HYIP earnings, and reduce losses.

Withdraw regularly

The reason most invest in HYIP is to earn additional income. As such, withdrawing is the only way one can fulfill such motive.

Avoid leaving substantial money in the program.

Let’s face it, most payment processor charge a fix percentage of the value/amounts deposited. For instance, Liberty Reserve charges 1% face value of every deposit received, subject to a min $0.01 and max $2.99. This simple means you pay $0.01 for every $1 you transfer to your account and 0.1 for $10.  Paying the charges sounds more prudent than to risk losing it when you accumulate large funds in the program, ostensibly for compounding.
 

Avoid compounding.

Compounding a way to increase your deposit, and of course your earnings. It is also a way for malicious HYIP administrator to ensure you earn little or nothing from your investment before they scam. If you must compound, find a fine balance!

Reinvest only HYIP Profits.

The tendency is for one to get carried away especially when a HYIP appear to be paying regularly. Some evidence of this over-confidence is when an investor adds more money to a HYIP that is yet to earn profit, only to lose it all. It’s best to budget certain amount for a particular HYIP, and stick to it. Besides, NEVER trust any HYIP!

 

Spread your risk by diversifying your HYIP portfolio.

More and more HYIPs are started every now and then. It is a good idea not to invest all ones money in the same HYIP. Diversifying your investment among various long and short terms HYIP is a good way of reducing your exposure to a single program..

Your ability to protect your HYIP funds is critical to your success as a HYIP investor. Protection your HYIP investment is a factor in determining if you will stay long enough to make profit or exit too quick in frustration.  Good luck.

Long Term Versus Short Term HYIPs?
Should I compound my HYIP earnings?
high Interest HYIPs: Risks and Returns
HYIPs, Pareto's 80/20 Rule, and Portfolio Diversivication
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JustBeenPaid.com now ProfitClicking: A preliminary review

This exciting changes from an extra ordinary man, marks the end of an era for JustBeenPaid and with that, the retirement of Fredrick Mann. As we embark on a new journey with ProfitClicking at the helm, we wish everyone many more decades of online success.

With these words ProfitClicking.com announced the acquisition of JustBeenPaid.com, ending a lagacy of several years. In terms of workings, ProfitClicking, is virtually set-up same as its predecessor – JBP, except for an “Auto Repurchase” feature which was not available in JustBeenPaid.

Here is how ProfitClicking is set up to work:

• Create Your Free Account
• Collect Your Complimentary Traffic Package
• Add Additional Traffic Packages to Maximize Your Earnings (Optional)
• Earn 2% Weekdays/1.5% Weekends on Money Spent to Purchase Traffic Packages
• Set your account to "auto repurchase"
• Earn Daily Cash for 81 Days!

However, beyond the hype and promises of ProfitClicking, what should JustBeenPaid investors be concerned about? Obviously security of their investments, and evidence of seamless continuation of previous owner’s legacy, is the major concern of all JPB investors.

At the moment, ProfitClicking has moved swiftly with their integration, however not fast enough. This is compounded by the fact that many accounts were yet to be updated prior to JustBeenPaid.com going offline as part of the acquisition.  Currently, ProfitClicking inability to quickly display members of Just Been Paid (JBP) financial details after a migration suggests that the transition is not seamless, nor is it completed. Hopefully, members accounts will soon be updated and business continued as usual.

This brings us to the business end of ProfitClicking.com. One of the concerns of some subscribers to JPB has always been the fuzzy nature of the business end, and of course the seemingly complicated interfaces of the program. However, it appears that ProfitClicking has been able to solve these two problems in one fell swoop. On one hand, ProfitClicking appears for all intent and purpose set-up as traffic exchange site, where members can buy ads for their sites, and of course also earn credits to advertise their website. On the other hand, the (ProfitClicking) website looks simpler than the JustBeenPaid numerous interfaces. 

Perhaps too, one should note that current subscribers to JBP are ‘losing’ money on the basis of the fact that they are unable to withdraw, nor buy new positions, especially since accounts have not been updated for a while. And there is always the time value of money, which seems to have been overlooked.

Even with the teething problem solved, will many JBP subscribers who will be desperate to reduce their exposure remains, maintain the same level of confidence and trust they had for JBP? Besides, will the restart feature which helps makes JustBeenPaid indefinitely sustainable be used in ProfitClicking? We are yet to know. Hopefully, things will be different with ProfitClicking.

While more information is promised at later stage, it is quite natural to restate that the transition should have been seamlessly done, in order to sustain confidence.It is normal for subscribers to adopt a skeptical approach with ProfitClicking.com, until it successful endears itself to subscribers as JPB did, especially if it is true that Fredrick Mann, the face of JBP, has indeed exited the stage.  We will be watching  the unfolding development, keenly! While we are waiting, you can sign up for ProfitClicking here

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ProfitClicking: Scam or Not? - Another review
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High Interest Rate HYIPs – Risk and Returns

Once in a while, some HYIP Administrators come up with this mouth watering offer of huge interest payout in their program. Of course, experience HYIP investors know very well to avoid real daily profit* over 4% daily. However, every now and then, a new HYIP with very well designed website template, original text, SSL encryption, DDOS protection, company registration, prompt online customer services/chat, and other trappings of a good HYIP, offers interest that look fairly ‘reasonable’ say 2.5% – 3.0% daily for 30, 45, 60, 90 days and beyond with or without principal returned.

This often presents a dilemma for most HYIP investors. The challenges here include the fact that the interest offered does not appear way over the roof when compared with those HYIPS with 4.0% real daily* profit and above.  The second challenge is that these HYIP sites may also passed some of the major criteria used in identifying good HYIPs. Under these circumstances, is it advisable to invest in such HYIPs?

While individual HYIP investors will generally have the final say on how they choose their HYIP, the best I can offer is to share my experience. It is instructive to say, I have earned profit with a HYIP that pays 2.5% real daily for 60 days with principal returned. However attempts at reaching similar milestone with HYIPs paying 2.8% and beyond daily for substantial number of days have been met with mixed successes.

My instinct at the moment is to avoid such HYIPs that offer a real daily profit of 2.8% and beyond. The lifespan of such HYIPs are generally less lower than those with lower interest, besides principal is mostly locked in for the duration of the investment, compounding only compounds the risk. If you are tempted to take the bait with such HYIPs, entry, principal recovery, and exit strategy must be diligently planned and adhered to. Again, never trust any HYIP; invest only what you can afford to lose!

*Real Daily Profit refer to the exclusion of principal in profit calculation

Related Topics:

The Best HYIP
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HYIPs, Pareto's 80/20 Rule, and Portfolio Diversivication
HYIPs and Greed
Why do HYIPs Scam?
InvestForia LTD Scam: A post Mortem
Can you recover lost HYIP fund?

HYIPs and Greed

Greed and unrealistic expectations are the main factors responsible for most HYIP (High Yield Investment Programs) losses especially among newbie. It is a known fact that most HYIPs are fronts for ponzi schemes and scams, set up by fraudulent administrators for their own gains. However, most newbies, reveling in their initial instant success in HYIP, often make the mistake of trusting the promises of HYIPs and their administrators. By allowing sentiments and greed to overcome better judgment, newbies (and in some instances HYIPS veterans) are prone to throwing caution into the winds, with their minds set on the big payday. The world of HYIP is replete with many lost funds, especially between newbies, and some experience HYIP investors, who have grown overconfident or greedy in their expectations. HYIPs investment is huge enough a risk, try not to make it worse.

Recognizing the danger of easy success,  Robert Greene, in his book - 48 Law of Power, stated       

The moment of victory is often the moment of greatest peril.  In the heat of victory, arrogance and overconfidence can push you past the goal you had aimed for, and by going too far, you make more enemies than you defeat.  Do not allow success to go to your head.  There is no substitute for strategy and careful planning.  Set a goal, and when you reach it, stop.

The solution then is to carefully plan your HYIP investment is such a way that balances your returns with the risk, and stick to the plan; taking your profit as it comes, in small chunks. Also avoid adding funds to a HYIP because it paying promptly. Stick to your budgets, entry, and exit plans. Each day a HYIP lasts is usually a bonus, hence inconsistency in analysis, shifting the goal post, and increasingly targeting huge payoff, only guarantee losses in HYIPs. To be successful in HYIP, checking greed, and over-confidence is a necessity. All HYIPs will fail, it's only a matter of when. Accepting this, implies that you should not invest in HYIPs,  let alone investing what you cannot afford to lose. While the potential to make good money from HYIP investments exist, greed, overconfidence, and inconsistency in expectation, and investment strategy, are usually the major pitfall in HYIPs, and indeed, other endeavors.


Never trust any single HYIP - spread your risk!



Related topics:

high Interest HYIPs: Risks and Returns
HYIPs, Pareto's 80/20 Rule, and Portfolio Diversivication
The Best HYIP
InvestForia LTD Scam: A post Mortem
Why do HYIPs Scam?
HYIP Monitors Review?
Can you recover lost HYIP fund?
Can HYIP investment be insured?

 

The Best HYIP

In the beginning was a HYIP, and the HYIP was a hype, and the hype was HYIP. HYIPs have been with us before the days of Charles Ponzi, during the days of Bernard Madoff, and perhaps will be with us beyond the era of the information age. HYIPs have shown resilience and adaptability; they have adopted the rapidly growing information systems and solutions like a cankerworm. HYIPs with their promises, huge risks, and potential rewards have overcome several odds and challenges, and have continued to remain relevant investment vehicle to the ardent risk takers. This is no hype, it is true of HYIPs!


In recent weeks, several 'promising' HYIPs have vanished from investors top charts, to be consigned to the ignoble bin of scams, and ponzi schemes: Solidbank, Royalty7, Sillver Structure, Invest Foria Ltd, etc have all scammed, and with them investors funds are lost or trapped. Many more will join them; that is the unstable nature of HYIP.

Human's natural greed, impatience, and insatiable needs will continue to fuel HYIPs. Losses here, and there, scams or ponzi schemes, and malicious HYIP administrator are not enough to stop HYIP investors. More and more methodologies and analysis will be used isolate good, and better HYIPs, as mant continue to pursue their spiratiom and expectations in the HYIP world.



In the midst of all these flops and false starts, JustBeenPaid, and Uinvest, who interesting maintained they are no HYIPs, have managed to keep their heads, and shoulder above the rest. If JustBeenPaid and Uinvest are no HYIPs, then which is the best HYIP? Or the best HYIPs are not yet born? The quest continues...

Related Topics
InvestForia LTD Scam: A post Mortem
Why do HYIPs Scam?
HYIP Monitors Review
Can you recover lost HYIP fund?
Can HYIP investment be insured?
Learn winning strategies of HYIP