The HYIP Industry

Hello Everyone. Welcome back from the weekend. It been a rainy one here and I hope yours was good. In this article I am looking at the HYIP industry. I will try as much as possible to describe this industry as much as I can because it is very vast. The HYIP industry is a very volatile and risky industry to say the fact. Here you see a lot of programmes promising you heaven on earth just to rob you off your hard earned money. It is also pertinent to note that there are a lot money moving in and around this industry.

Basically the Administrators known for short as Admins run the various programmes. They usually set up a website from where they run their businesses. It is from these websites that investors are able to make investments, get returns for their investment, communicate with the Admins and generally monitor their investments as well. Now there are many programmes springing up daily on the web from which investors can choose from and that is where the major problem lies. One of the reasons amongst many why investors get scammed is because they jump into these programmes as they spring up daily armed with their conviction to get rich quick as promised by these Admins on their websites only for them to discover after investing that they have just lost their money.

Now HYIP industry involves the use of a lot of payment processors namely, Liberty Reserve, SolidTrustPay, Payza(formerly AlertPay), AsianReserve including Bank Wire as means of moving these money in around the HYIP industry. So basically before you set out to get involved in the HYIP industry, one needs to get one or all of the above mentioned payment processors, one is basically alright depending on the investors choice or the location of the investor. The HYIP industry is an unregulated one hence the inherent risks attached, this is where you will need the advice of a professional monitor. So, as an investor or a newbie in this industry that is not well informed, you are basically on your own. Any money lost here CANNOT be recovered by anyone, so don't get fooled by anyone who will ask you to pay service charge to recover your money for you.

Another very integral part of the HYIP industry is the monitors. Monitors ensure that Admins do what they have promised investors by reporting any foul play on a daily basis. This include reporting on payments, whether they come as and when due, whether the Admin is doing what is called selective payment. Monitors act like watchdogs in this industry. It is very important to understand that many monitors are compromised conniving with some Admins to promote their programmes which they know are not paying and sometimes the Admins even have monitors themselves just to deceive unknowing investors. You best bet here is to choose a professional monitor and that cannot be over emphasized.

That is it for the HYIP industry, feel free to leave your comments and watch out for more info.