30 Nov '16, 2am

Warning #Bitcoin #HYIP Scams!! @Steemit

Beware of Bitcoin HYIP Scams!! Today I saw a Steemit user post about an amazing High Yield Investment Program better known as an HYIP. I literally almost spit my coffee out. Yesterday I wrote about Onecoin and The Billion Coin Scams . Today I have to alert the community to the HYIP Bitcoin scams going around. What is a Bitcoin HYIP (High Yield Investment Program Scam)? A High Yield Investment Program is a scam that promises users ridiculously high returns on their investments. I am not talking about 10-20% per year but 5% per day or higher! Most people who get involved with these Bitcoin scams lose their investment long before they realize a return. Look at What These Two HYIP Bitcoin Scams are Promising. This one is Assets-Bank.com . Then we have Sky-profits.com . Why Do People Not Recognize Bitcoin HYIP Scams as Illegitimate? The simple answer is greed. People are attrac...

Full article: https://steemit.com/bitcoin/@hilarski/warning-bitcoin-hyi...

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