Many beginners make mistakes that could have been avoided if they had read the advice of more experienced investors. In this article, we have collected the most useful recommendations on what not to do before investing in HYIPs.
Don't invest the entire amount in one project
Be sure to check the project payout status
Before investing in an investment project, you should definitely check the status on several HYIP monitors in order to make sure that the project has no problems with payments and that you are investing in a functioning investment project.
Avoid projects with disproportionately high interest rate
HYIPs offering sky-high percentages in 99.9% of cases admins will not allow you to withdraw a penny or can even block your account. Sky-high interest rates are the first sign of an unreliable HYIP.
Read reviews about HYIPs
In addition to payment proofs, you can find a lot of useful information in the investors’ comments. For example, find out in which project the HYIP web wallet was previously used, understand who is behind a new project and what can be expected from the HYIP admin.
Get ready to lose money
HYIP investing is risky, and here you cannot do without losses. HYIPs work on the principle of a Ponzi scheme and at the end of the fund inflow, the admin decides to close the project. Unfortunately, recently, there have been a lot of scams based on the human factor due to the admin’s greed. Therefore, always keep an eye out and keep your finger on the pulse of events. Always invest the amount that you are not afraid to lose.
Do not take a debt / loan for investing
Forget this possibility forever. You can lose borrowed money and get into an unpleasant situation. Why do you need this?
Take investing seriously
Track the statuses of the projects in which you invested, record the data, how much you have invested / withdrawn. Take investing seriously, like a loving and profitable job.