Ordinarily, the simplest method of investing in HYIPs is to pick new promising ones, invest what you can afford to lose, take your profit (or loss as might be the case) and bale out! This advise has stood the test of time, in the very volatile world of HYIPs, where lifespan of most HYIPs are often measured in weeks, or months.
It will sound counter intuitive then if I suggest that at times it is a good practice to go with the tested and trusted – in other word, older reliable HYIPs. Perhaps with a little reflection (or with benefit of hindsight), it is not totally a bad idea to invest in such old HYIPs. It is rather in line with the principle of diversification of portfolio - a good financial practice, in the case between the old and the new.
A few examples are JUSTBEENPAID (now ProfitClicking) which have been around for over four (4) years, UInvest waxing strong since 2010, and Permanent Fund which has clocked slightly over two (2) years online. Essentially, these programs have passed through thick, and thin, evolved and have become a brand – to an extent that they have become hard to kill. Don’t get me wrong, no HYIP should be trusted, and they will go in a puff, sooner or later, however longevity increases experience, reliability and reputation. Wines mature with time.
Hence as part of an overall HYIP strategy, dropping a dollar or two in some of these old reliable HYIPs, most often than not comes out good. Yet, you MUST not invest what you cannot afford to lose. May fortune smile on you!
Related Topics:
HYIPs, Pareto's 80/20 Rule, and Portfolio Diversivication
InvestForia LTD Scam: A post Mortem
Learn winning strategies of HYIP
The Best HYIP
JustBeenPaid is now ProfitClicking: A Primilinary Review
How to secure your HYIP earnings
Tuesday, September 25, 2012
Tuesday, September 18, 2012
Is Profitclicking a JustBeenPaid (JBP) Scam?
When I was introduced to Just Been Paid (JBP) now ProfitClicking.com as an indefinitely sustainable, online money making program. I was very skeptical. I did not believe any online money making program built around HYIP, or Ponzi scheme is indefinitely sustainable. However, the face and profile of Fredrick Mann, coupled with a few losses in other HYIPs convinced me to throw some $$ at overly hyped JustBeenPaid.
Now with the acquisition of JustBeenPaid by ProfitClicking, the exit of the smiling face of Frederick Mann and the seemingly indefinite sustainable transition period, even the die-hard believer of the program are bound to be worried.
Frederick Mann, and his crew in JustBeenPaid without any prior notice, let alone agreement, sold overnight, investors trust and money to ProfitClicking. With it, and subsequent endless transition and missed deadlines, the fear of scam in the very volatile world of HYIP was inevitable. Perhaps, many wouldn’t mind if the transition had gone smoothly and quickly and business resumed as usual, but the freezing of assets, the none-assurance of payment of accrual prior to acquisition of JBB, through the transition phase to date, and of course the inability to withdraw funds, have made many investors apprehensive as per the dependability of ProfitClicking.
Profitclicking have released several announcements and newsflash, and have tried to assuage many investors (old and new) of the progress and plans they have made. But in the world of HYIP and online money, cash (e-currency) is king. Until Profitclicking turn on the cash tap, and allow investors (especially of the JPB program) access to their money, no amount of update and news flash will sway people from voicing their displeasure and fears. For now, Profitclicking has not scam, and there is still hope in the horizon that they will get it right. Putting a name and ultimately a face behind ProfitClicking is equally critical to restoring confidence in the new program. There is so much at stake, for many people, and time is money!
Related Topics:
ProfitClicking: Scam or Not? - Another review
JustBeenPaid is now ProfitClicking: A Primilinary Review
Liberty Reserve Down Time Problem: A Review and Impact Analysis
How to secure your HYIP earnings
Why do HYIPs Scam?
HYIP Monitors Review?
Can you recover lost HYIP fund?
Learn winning strategies of HYIP
InvestForia LTD Scam: A post Mortem
Now with the acquisition of JustBeenPaid by ProfitClicking, the exit of the smiling face of Frederick Mann and the seemingly indefinite sustainable transition period, even the die-hard believer of the program are bound to be worried.
Frederick Mann, and his crew in JustBeenPaid without any prior notice, let alone agreement, sold overnight, investors trust and money to ProfitClicking. With it, and subsequent endless transition and missed deadlines, the fear of scam in the very volatile world of HYIP was inevitable. Perhaps, many wouldn’t mind if the transition had gone smoothly and quickly and business resumed as usual, but the freezing of assets, the none-assurance of payment of accrual prior to acquisition of JBB, through the transition phase to date, and of course the inability to withdraw funds, have made many investors apprehensive as per the dependability of ProfitClicking.
Profitclicking have released several announcements and newsflash, and have tried to assuage many investors (old and new) of the progress and plans they have made. But in the world of HYIP and online money, cash (e-currency) is king. Until Profitclicking turn on the cash tap, and allow investors (especially of the JPB program) access to their money, no amount of update and news flash will sway people from voicing their displeasure and fears. For now, Profitclicking has not scam, and there is still hope in the horizon that they will get it right. Putting a name and ultimately a face behind ProfitClicking is equally critical to restoring confidence in the new program. There is so much at stake, for many people, and time is money!
Related Topics:
ProfitClicking: Scam or Not? - Another review
JustBeenPaid is now ProfitClicking: A Primilinary Review
Liberty Reserve Down Time Problem: A Review and Impact Analysis
How to secure your HYIP earnings
Why do HYIPs Scam?
HYIP Monitors Review?
Can you recover lost HYIP fund?
Learn winning strategies of HYIP
InvestForia LTD Scam: A post Mortem
Monday, August 27, 2012
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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