Hello Fellow Steemers
If you're one of them wacko risk takers like me riding along the HYIP programs, it is a good idea to note down a few tools that I found out to be very helpful in my HYIP journey. These tools will help you gain more information about these sites which you can then use to make better decisions when choosing your HYIP platform, or whether to invest or not.
In a nutshell, all crypto HYIP's follow the basic concept of a Ponzi scheme, however they do a great job in disguising their actions by coming up with entertaining themes, such as "Cloud Mining" " Investment professionals" “Trading Bots” "Bitcoin Mixing" “Chicken Traders "Bla bla bla"
But that does not mean that these sites don't pay! They're basically a ticking cash bomb!
We can still make a good amount of profit by using their platforms even being fully aware of their shady practices. Bernie Madoff ran one of the biggest Ponzies in history and it lasted YEARS making many of his investors super wealthy! The internet has made it easier since they can now attract people from all over the globe, and Bitcoin made it even easier and more anonymous!
The surge in crypto ponzis is mainly due to the recent cryptocurrency hypes making it a very profitable niche to jump in! Which explains why each few days a new one pops up.
Grab your arsenals and be better informed:
1- WHOIS?
This tool is extremely important because it will give you some information about the owner of the domain.
101.5% of the time the domain owners go with privacy enabled and fake identities but still you can get a hint on IP server Location, registrant information and other analysis
For example who'ising Ambis and Bitlake revealed the same exact registrant contact details! Coincidence? It is either the same owners, group or maybe this registration info is just a default copy-pasted text that is popularly used.
2-TRAFFIC
It is very important to know whether the platform is getting its daily pump of new money, which can help us gett an idea of the website's vital signs.
To get an estimate idea of how much each website is getting traffic, this website does the trick
WIREDCOINS traffic check on: worthofweb: [24/08/2107]
BITPETITE traffic check on: worthofweb: [24/08/2017]
Comparing these 2 stats let's us assume that Bitpetite will eventually last much longer than Wiredcoins because of it's daily pump of traffic being greater, which then converts to more money getting IN bitpetite.
3- TIMING
Timing is very important when investing in a HYIP, since the longer the website is online the greater the risk, it is very important to jump in early!
4- ALL HYIP MONITOR
This site is useful to know whether a certain HYIP is paying or not so you don’t end up losing your money with a click of a mouse! It is always good to get this info from multiple sources such as youtube and steemit.
Remember to always enter such programs with money that you can afford to lose, they all play the same game but with a different theme regardless of how secured or legit they say they are :P
The ones that I think that will be around for some good time and are generating me a good ROI are Bitconnect and Bitpetite!
Peace