Some people have taken such sites as a way to earn (or scam) money on a part-time and even full-time basis. High yield investment schemes are mostly a way to pay Paul by robbing Peter. Can it still be considered a business idea regardless?
Can HYIPs be Considered a Business?
- Thread starter Golden9
- Start date
Many HYIPs are scams and are not considered legitimate business operations. They often operate in an unregulated environment, meaning that there is no oversight or protection for investors
In my opinion, HYIPs cannot be considered a business. HYIPs involve high-risk investments in which the investor has a chance of losing all of their money. As such, HYIPs are more of a gamble than an actual business. It is important to understand the risks associated with HYIPs before investing any money into them.
High yield investment cannot be considered as a source of income because the money You're going to make from this platform is not guaranteed.
The major reason why HYIP cannot be considered as an investment is because it will definitely crash one day.
I kept wondering why people would want to take this type of investment as a primary source of income and their record number of them.
The hyip is taken as a primary source of income because they knew that they are going to make huge profit from it if they are lucky.
I am still very sceptical of this type of investment because I've fallen victim multiple times and have been ripped off.
It is not only peculiar to you because I've also fallen victim of this type of scheme multiple times and they have siphoned my money on several occasions.
